Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1908-01-08
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Jan. 2l-Merchants' and Farmers' bank
Feb. -: D; Gilman: former pa president en-
Ind. found guilty of embezzlement
4-First National bank of Scotland, S. D.,
close by hank examiner ininer ,an,or sen.
fenced TO term of one to three years In
state prison.
treasury at Chicago made public.
Mar. ll-Virtual panic in Wall street:
Secretary Cortelyou relieved the situa-
19-Citizcl,s' State bank of Firth, Neb,
closed by state.
2S.Cprhn Banking COMPANY of :. NeW
Apr Maj. II. w. Salmon of Warsaw
Mo, convicted of illegal banking, Sch
fenced three years in penitentiary.
u-hank ct Conception, at clyde, NO.
or,irrad closed.
1s-lIX-.judge Smith of Chicago. found
gully OF conspirins to defraud stock
loIr,rs and depositors OF Bank of
Amcrra, OF which he was president;
penalty. imprisonment and $1,000 fine.
Jul. l-Citizcns, bank of Eureka Springs,
Ark, suspended.
2-t!rst National bank Of HicEsvile o..
closed by comptroller of currency.
5Fort Dallas National bank OF Miami,
Fla. closed.
ao-rarners' National bank of Boyer
town IA. ordered closed.
Aus. 3-Peoplc,s State bank of Browns
town. Ind, closed by state authorities.
1l--Reeciyers appointed for Pope Mfg. Co..
Of Hartford, Conn; failure ascribed to
strinscncy of money market.
Sep. 5-Watson & Co. members of New
York stock and produce exchanges and
Of Chicago board of trade, failed.
Oct. 9-Union bank of Richland, and
Bowman bank of Kalamazoo, Mich.
both private institutions, closed doors.
1"--I. j.. Reynolds bank Of Valdez, Alas
10 FIRST National bank Of Dresden, O.,
failed.
li--lol!apse of IIeinae corner in copper
cnusGh violent slump in stocks in New
York: !irn OF Otto Hein%e L. Co., sus-
pended from stock exchange.
declared that the Hcinze. Morse and
Thomas interests had been eliminated
from banking organizations of New
-I<ni, cvbocker Trust Co.. New York s
second largest financial institution,
forced 70 suspend: great slump in Sc
cGrities; can money at 10 per cent. :.
% Secretary of treasury ordered deposit
Kew Vol; banks. o.. Four Westinghouse
companies at Pittsburg and one trust
company forced into hands OF receivers
because Of FINANCIAL stringency State
bank ana Trust Co., OF Carson, Nevada
tailed.
2s-Ttrce minor banks in New Yorl,
forced To close. Southern Steel Co., OF
Birmingham. Ala. filed involuntary Pc
titior in bankruptcy.
2sT more Son1 minor naainE ;on institutions
Trust Co, OF Providence. Il; L., sus-
penH,d
2S--B;.:SS in New York and Chicago and
lGauy 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.
eo-california Safe Deposit & Trust Co
bank, at San Francisco, closed. Finan-
"it! conditions in New York practically
normal again.
&ov. 4Tl,ree small banks in Kansas
closed United States Steel corpora.
Ton secured con trolling interest in Ten.
b-!tHCriVrr appointed for Arnold Print
works. of North Adams, Mass. one OF
largest textile concerns in country
l"-Mcrchauts' National bank Of Port
land. Ore. California bank of Oakland
Cal: and Farmers q Merchants bank
OF sapupa, l. r.. suspended.
Is -s,ecrctsry of Treasury Cortelyou or
''tred issue Of S50,GU0 900 of Panama
bonds and Si00,00O.oO0 certificates OF in
4enttuti"S' as means OF relieving finan
clhi i;itt'iltion... City National bank O
tErd"rlrk, Okla, failed.
- riran Silk Co. capital stock $l1,
"o.0U. which operated mills in severa
cities, placed in hands of receiver
DEG. 2-LhelSca Savings abnN of Chel
So. Mich. owned by State Treasure
Ga@rr. closed.
5-Natinnal Bank of Commerce. one .
largest financial institutions OF kansa
CITY, suspended.
Short PITT National bank of Pittsbure
closed
1T.IcweIcr;' National bank at Mort,
-Nu@bo:o, Mass, in hands Of receiver