The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1908-01-03

Jan n-Merchants' and Farmers bank
OF Fairmont. Mimi, suspended.
Feb. z-F. d. Gilman, former president
suspended Home bank of Goodland.
Ind. found guilty of endorsement.
eF. ID. Gilman. Indiana banker, sem
fenced to term Of one to three years in
H-Disappearance of $4,000 from sub
at Chicago made Pg6Ic
Secretary Cortelyou relieved the situa-
1s,citi.ens' State bank of Firth. Neb.
S-Corbin Banking company Of New
York ASSIGNED; assets. 100000; habili-
Apr. 2-Maj. II. w. Salmon of Warsaw.
Mo-. convicted of illegal banking, sem
fenced three years in penitentiary.
uEBank OF Conception, at clyde, MO-.
1s-Ex-Judge Smith of Chicago. found
guilty Of e9nspiring to defra ia Il, stock af
America. of which he was president;
penalty. imprisonment and 200 fine
Jul Citizens bank of Eureka Springs,
Sort Dallas National bank of Miami.
ao-Farmers' National bank of Boyer
town. Pa, ordered closed.
Aug. 3-Peoples State bank of Browns
town. Ind. closed by state AUTHORITIES.
of Hartford. Conn; failure ascribed to
stringency of money market.
Sep. s-Watson & Co, members Of New
of Chicago board of trade, failed.
Oct 9-Union bank of Rchland, and
Bowman bank of Kalamazoo. Mich,
both private institutions, closed doors.
H-Coliapse of Heinze corner in copper
caused violent slump in stocks in New
pensd h from OF s o!S esebaege Co.,
LS-New York clearing house committee
declared that the Heinze, Morse and
Thomas interests had been eliminated
from banking organizations Of New
York
second largest financial institution,
forced to suspend; great slump in Sc
curities: call money at 20 per cent.
zISecretary Of treasury ordered deposit
New York banks. -Four Westinghouse
companies at Pittsburg and one trust
company forced into hands of receivers
because of financial stringency. :. State
Bank and Trust Co., of Carson, Nevada,
failed
A-Three minor banks in New York
forced to close. Southern Steel Co., of
birmingham, Ala, filed involuntary pc
ution in bankruptcy.
New YORK ihor c,o ea1hg oora nioS
Trust Co of Providence, X. l., sus-
pended.
1S-Banks in New York and Chicago, and
many other cities adopted clearing
house loan certificate system to prevent
draining of supplies of currency and
made withdrawal of savings deposits
subject TO legal notice.
30 California Safe Deposit & Trust Co.
bank. at San Francisco, closed. .Einan-
ciai cor ditions in New York practically
normal again.
Nov. Three small banks in Kansas
closed. United States Steel corpora
ton secured controlling interest in Ten
nessee Coal & Iron Co.
6-ISecei'ser appointed for Arnold Print
works of North Adams, Mass, one of
largest textile concerns in country.
L. Merchants National bank of Port
land. Ore, California bank of Oakland,
CAL, and Farmers & Merchants bank
of Sapulpa, l. T., suspended.
S-Secretary of Treasury CortelyOu or
oered issue of $50, 900 of Panama
bonds and 100000 900 certificates of in
debtedness means of relieving finan-
ciai situation. City National bank of
Frederick. Okla. failed.
N-American Silk Co. capital Stock SILL
Oo0, 00O which operated mills in several
cities. placed in hands of receiver.
Dec chelsea Savings abnk of Chel-
sea. Mich. owned by State Treasurer
Giazier. closed.
"National Bank of Commerce, one of
largest financial institutions of Kansas
City. suspended.
closed.
H-Jeweiers' National bank at North
AttlebOro. Mass, in hands of receiver.