The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1908-01-10

Jan n-Merchants' and Farmers bani
of Fairmont, Mimi. suspended.
Feb: 2F. d; Gilman. former presiden,
Ind. found guilty of embezzlement.
1F. D. Gilman, Indiana banker. sen
fenced to term of one to three years ir
H-Disappearance of $4,000 from sub.
treasury at Chicago made public.
Mar. H-Virtual panic in Wall street
Secretary Cortelyou relieved the situa'
D--Citizens' State bank of Firth. Neb.
closed by state:
York. assigned; assets, $S,0OO,OOO; liabili-
Apr. MAJ. MATE II. w. Salmon of Warsaw,
Mo- convicted Of Illegal BANKING SEN
u-Bank of Conception. at clyde NO.
ordered closed.
W-Ex-Judge Smith Of Chicago, found
guilty of conspiring to defraud stock
holders and dspositSrs OF Bank ns,doO OF
penalty impTisSonment and ilOC Sn fine;
Ark, suspended.
Sort Dallas National bank Of Miami.
Fla, closed.
town, Pa. ordered closed.
town. Ind, closed by state AUTHORITIES.
of Hartford, Conn; failure ascribed to
stringency Of money market.
Sep. b-Watson & Co., members or New
Of Chicago board Of trade, failed.
Oct. @Union bank of Richland and
Bowman bank Of Kalamazoo, Mich
both private institutions, closed doors.
'SICollapse OF Heinze corner in copper
York; arm Of Otto Heinze & Co, sus-
pS fo SR c st9Gf honss committee
declared that the Heinze, Morse and
Thomas interests had been eliminated
from banking organizations of New
n-Knickerbocker Trust Co., New York's
second largest financial institution
forced to suspend; great Il slump hnr lin in Sc
Sn-Secretary of treasury ordered deposit
Of s25 600 900 of government funds In
New York banks. -Four Westinghouse
company forced into hands of receivers
because of financial stringency. :. State
Bank and Trust Co., of Carson, Nevada,
failed.
NEThree minor banks in New York
forced to close. Southern Steel Co., of
Birmingham, Ala. filed involuntary pc
tition in bankruptcy.
H-Slx more minor banking institutions
Trust Co.. of Providence, II. l., sus-
NEBanks in New York and Chicago. and
many other cities adopted clearing
house loan certificate system to prevent
draining Of supplies. of currency and
subject to legal notice.
eo-Calfornia Safe Deposit & Trust Co.
bank, at San Francisco. closed. .Finan-
cial conditions in New York practically
normal again.
Nov. 4-Three small banks in Kansas
closed. -. United States Steel corpora
tion secured controlling interest in Ten
nessee Coal & Iron Co
'6Receiver appointed for Arnold Print
works OF North Adams, Mass, one of
largest textile concerns in country.
E-Merchants' National bank of Port
land, Ore, California bank of Oakland,
Cal, and Farmers & Merchants bank
OF Sapulpa, I. T.. suspended
W-Secretary Of Treasury Cortelyou or
dered issue of $50, 0O0 900 of Panama
bonds and 500, 900 certificates of in
debtedness as means of relieving inan-
cial situation. City National bank of
Frederick. Okla, failed.
H-American Silk Co. capital stock. Sll,-
000, 000 which operated mills in several
cities, placed In hands of receiver
Dec. 2-Chelsea Savings abnk of Chel-
sea, Mich, owned by State Treasurer
Glazier, closed.
,INational Bank of Commerce, one OF
largest financial institutions of Kansas
City. suspended.
>S-Fort Pitt National bank OF Pittsburg,
closed.
H-Jewelers' National bank at North
Attleboro, Mass. in hands Of receiver.