Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1908-01-03

Jan. 2l-Merehants' and Farmers banh
OF Fairmcnt, Mimi, suspended.
fs Suspended m 4 HOME ams Bank '0r 81 doodlsnd
Ind, found guilty OF embezzlement:
| l--First National bank Of Scotland, 3. u.
close D BY Gilman pank eH Indlaaa banker sen
fenced to term Of one to three years II
state prison.
sS.Disappearanee OF s lasi;oV n, irHm su0'
Mar. A-Virtual panic in Wall street
Secretary Cortelyou relieved the situa'
,sGCitlzens' State bank of Firth. Neb,
as-Corbin Banking company Of New
York, assigned; assets, 100000; hapih'
APE lass' MAJ M SjoY Il. ". salmon Of warsaw
Mo-, convicted Of illegal banking, sen
fenced three years in penitentiary.
u-Barfk OF Conception. at C!yoe' MO-
Is0Ex-Judge Smith Of Chicago, found
guilty OF conspiring to defraud stock
h9asTs and ases Re w %
penalty, Imprisonment and l.WS hne:
Jul. 1-Citizens bank Of Eureka Springs,
AFIrst National bank Of Hicksville. O..
closed by comptroller of currency:
Sort Dallas National bank OF Miami
Fla, closed.
town, Pa, ordered closed.
Aug. 3-People's State bank OF Browns
town. Ind, closed by state AUTHORITIES
OF Hartford, Conn: failure ascribed to
stringency Of money market. -
Sep. 6-Watson & Co, members Of New
1or stock S Sna Of psde ae
Oct. 9-Ufion bank of Richland. and
Bowman bank Of Kalamazoo, Mich,
both private institutions, closed doors.
l5MFirst National bank of Dresden. O.,
,snCoiiapse of Heinze corner in copper
caused violent slump in stocks in New
York; firm OF Otto Heinze & Co., sus-
pended from stock exchange.
York That eeh e Kense Morse
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 slump In Sc
curties; call money at 70 per cent.
Of SIS, 10000 Of government funds In
New York banks... -Four Westinghouse
companies at Pittsburg and one trus,
because Of financial strinsency. =. State
Bank and Trust Co., OF Carson, Nevada
M-Three minor banks in New York
forced to close. Southern Steel Co.. OF
Birmingham, Ala, filed involuntary pc
tition in bankruptcy.
Disk more minor banking lnStlIutiOIls
in New York closed DOORS. Unior
Trust Co.. OF Providence. 4. l., sus
16-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.
0-California 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.
ton secured controlling interest in Ten.
nessee Coal & Iron Co.
e-Recetver 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 banh
p0secretary Of treasury cortelyou or,
dered issue Of $60,O0O,000 Of Panama
bonds and $100,0O0,O00 certificates Of in
debtedness as means of relieving finan
cial~ situation. City National bank o.
Frederick, Okla, failed.
H-American SILK Co. capital stock. $l1.
100000, which operated mills In severa
cities placed In hands Of receiver.
Dec. 2-Chelsea Savings abnk of Chel
ssa, Mc ni.ss Owned by State Treasures
S-National Bank Of Commerce, one o
largest financial institutions Of Kansa.
City, suspended. SS$ s&g
closed. 81
| l7-Jewelers' National bank at NORTH
Attleboro. Mass, in hands of receiver.