The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1908-01-03
FINANCIAL
- y "a 49,

Jan. FL Merchants and Farmers banl
of FniTmont. MINI. suspended
fob. ? f. y Gilman former president
suspended Home bank NJ Gnpdland
Ind, found guilty uf cmhuz1lrWuut
hF - Gilman. Indiana banker, sen
fenced to term Of OF" to tDr"" years u
state prison
Disappearance Of El73,Un from sub
trehsurv AT Chicago made panNr
Mar. IA Virtual panic In Wal street
Secretary Cortclyou relieved the @iua
H-Ciuzcns' State bank OF Firth. Ncb
closed by state
Es-Corbiu Banking company u Now
York, assigned. assets. Ie",oOJ hab.ll'
Apr . Mai il. W Salmon OF Warsaw
Mo, convicted Of Illegal banking. sen
fenced three years In prnltcutiHJy.
u-Bank Of Conception. at clyde, No,
70 Ia Judge Smith OF Chicago. found
guilty OF Consplring to drfrlud stock.
holders and deposttors Ot Bank OF
America OF which he was president,
penalty. imprisonment and $1,000 fine.
Jul. l"titiZ'ns. bank Of Eureka Springs
Ark, suspended
e-EOrt Dallas National bank OF Miami.
Fla. closed
so-Farmcrs' National bank OF Boyer
town. Pa. ordered closed.
Aug J-peoples state bank OF Browns
town. Ind. closed by state authorities.
~ Receivers appointed for Pope ME- CO.
OF Hartford, Conn, failure ascrIbrd to
strlngcncy OF money market
Sep. Watson a. Co, members of New
York stock and produce exchanges and
of Chicago board Of trade, failed.
Oct. . Union bank OF Arhlhnd, and
Bowman bank of Kalamazoo. Mich,
both private institutions. closed doors.
~ COllnps" OF Heinze corner In copper
caused violent slump in stocks In New
York nrm Of Otto Hcinzc n Co, sus.
pended from stock exchange.
B-Ncw York clearing house committee
declared that the Hciuzc, Morse and
Thomas interests had been eliminated
from banking organizations OF New
-Kntckerbocker Trust Co, New York 3
second largest financial institution,
forced TO suspend great slump IN re
curities. call money at 20 per cont
Is Secretary Of treasury ordered deposit
OF 81 900 OF government funds In
New York banks....Four Westinghouse
companies at Pittsburg and one trust
company forced into hands Of receivers
because Of financial stringeucy Toe, State
Bank ana Trust Co, OF Carson, Nevada,
falied
M-Three minor banks in New York
forced 70 close. Southern Steel Co, Of
Birmingham. Ala filed involuntary pc
titlon In bankruptcy.
xix more minor banking institutions
In New York closed doors. 90. Union
Trust Co.. OF Providence, H. l., sus-
pended.
m-Banks in New York and Chicago. and
many other cities adopted clearing
1ousa loan certificate system to prevent
draining Of supplies OF currency and
made withdrawal of savings deposits
subject 10 legal notice.
p-California Safe Deposit & Trust Co
bank. at San Francisco. closed Finan-
eial conditions in New York practically
normal again
Nov. 4-ThTee small banks In Kansas
closed. United States Steel corpora
eion secured controlling interest In Ten
neases Coal a. Iron Co.
s-Receivcr appointed for Arnold Print
works OF North Adams Mass, one OF
largest textile concerns In country.
u-herchants' National bank OF Port
land. Ore, California bank OF Oakland
Cal, and Farmers x Merchants bank
of sapulpa, !. T.. suspended
Of Treasury Cortclyou or
dered issue OF $50 100000 OF Panama
bonds and slOO. 900 900 certificates OF in
'aebtcdncss AS means of relieving nnan-
. eisi sItuation, City National bank OF
Frederick, Okla, failed
SILK Co capital stock yll,-
oUoS, which operated mills in several
cities, placed in hands OF receiver
Dec t-Chclsea Savings abnk OF Chel-
sea, hioh, owned by State Treasurer
Glazier, closed
S-NutiOnal Bank OF Commerce. one Of
largest financial institutions OF Kansas
city, suspended
closed ~
H-Jewelcrs' National bank at North
AtuebOro, Mass, in hands OF receiver.