The Nevada County picayune. (Prescott, Ark.) 190?-current, 1908-01-02

zJan. 21-Merchants' and Farmers oank
Feb. 2~F. d. Gilman. former presslld len
md, found guilty of embezzlement
D, Gilman, Indiana banker. SEN
fenced to term OF one to three years In
SS DIS p,ea of $4,000 from sub
treasury at Chicago made public
Mar H-Virtual panic In wan st it,,a
Secretary Cortelyou relieved the sltua-
sG o5it State bank OF Firth. Neo.,
sUCorbin Banking company OF New
York, assigned; assets. 100000; haoih-
ties 81, 700, 600
Apr Mai H. W. ", , Salmon ba o, sen
fenced three years in penitentiary.
f1i-Bank OF Conception. at Clyde. MO-
,s"Ex-Judge Smith OF Chicago, found
guilty of conspiring to defraud stock-
Holders and depositors OF Bank OF
America. OF which ne . Was :, poo fne
Jul. l-Citizens bank of Eureka Springs
Ark, suspended. ,,,o.
k-Fort Dallas National BANK OF MIAMI,
8,oIFarmers National bank o, Boyer
n town. Pa. ordered closed
Aug S-Peoples state bank sa1s OK atboptties
MEReceivers appointed for Pope Mfg Co.,
n OF Hartford. Conn; failure ascribed to
stringeney Of money market anetr. ., New
York stock and produce exchanges and
Il OF Chicago board of trade, failed
&Oct. s-Union bank OF Rcnlanoi va, anu
A both private institutions, closed doors
of Henze corner in copper
M caused violent slump in stocks In New
n York firm of Otto Heinze q Co., sus-
NJ pended from stock exchange.
|B1s-New York clearing house committee
II declared that the Heinze, Morse "a ana nd
" from banking organizations or New
3ae-Knickerbocker Trust Co. New York's
n second largest financial institution.
q forced to suspend great slump in Sc
cur.ues; call money at 70 per cent.
of treasury orcered deposit
OF s2S, coo, 900 of government funds in
81 New York banks. -Four Westinghouse
II companies at Pittsburg and one trust
q company forced into hands of receivers
81 because of financial stringency... State
Bank and Trust Co, OF Carson. Nevada,
failed.
Il forced to close =. Southern Steel Co. of
n Birmingham Ala, filed involuntary pc
tition in bankruptcy.
"a in New York closed doors.... Union
81 Trust Co., OF Providence. h l., sus-
II pended.
~ many other cities adopted clearing
~ house loan certificate system to prevent
draining Of supplies OF currency and
81 made withdrawal OF savings deposits
Safe Deposit & Trust Co.
"a bank, at San Francisco, closed. Finan-
m cial conditions in New York practically
III normal again.
NOV. 4-Three small banks in Kansas
"a closed .. United States Steel corpora
III ton secured controlling interest in Ten
~ nessee Coal & Iron Co.
sxS-Recever appointed for Arnold Print
"a works of North Adams. Mass, one OF
III largest textile concerns in country.
W2-Merchants' National bank of Port
"a land. Ore. California bank OF Oakland.
III Cal, and Farmers 4 Merchants bank
" OF Sapulpa. |. T.. suspended
8S-Secretary of Treasury Cortelyou or
III dered issue OF $50 0OO, 900 of Panama
en- bonds and 800. 900 600 certificates OF in
III debtedness as means of relieving fnan-
III cial situation. City National bank of
~ Frederick Okla. failed.
X-American silk Co. capital stock ST.
III Oo.OOO, which operated mills in several
~ cities placed in hands of receiver.
pee. chelsea Savings abnk of Chel-
ssa, Mich, owned by State Treasurer
~ Glazer. closed
SY-National Bank OF Commerce, one OF
IA largest financial institutions of Kansas
IL city, suspended.
-Fort Pitt National bank OF Pittsburg,
81 closed.
eP7-Jewelers' National bank at North
81 Attleboro. Mass. In hands OF receiver.