15020. Farmers & Merchants Bank (Cleveland, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 17, 1908
Location
Cleveland, Ohio (41.499, -81.695)

Metadata

Model
gpt-5-mini
Short Digest
85dce0cfbe1ad4f5

Response Measures

None

Description

Multiple contemporaneous reports (July 17–18, 1908) state a depositor run began ~two months earlier after failures of smaller local banks; the run depleted currency and the bank failed to open July 17. A deed of assignment was filed and Edward S. (Spurney/Spruney) was appointed receiver. OCR variations of receiver name and asset/liability figures appear across wires; I corrected obvious OCR typos (Spurney/Spruney/ Spruney).

Events (3)
1. July 17, 1908 Receivership
Newspaper Excerpt
A deed of assignment was filed in the insolvency court and Edward S. Perney (Spurney) was appointed receiver.
Source
newspapers
2. July 17, 1908 Run
Cause
Local Banks
Cause Details
Run began in a small way about two months earlier after two (or two/three) smaller local banks failed, gradually depleting the bank's currency.
Measures
Bank failed to open; later deed of assignment filed and receiver appointed.
Newspaper Excerpt
Owing to a run that gradually depleted its vaults of currency the Farmers' and Merchants' Banking company ... failed to open its doors this morning.
Source
newspapers
3. July 17, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank could not realize upon its loans/securities; combined with the run, this made it impossible to meet withdrawals, leading to suspension/assignment and receivership.
Newspaper Excerpt
Later a deed of assignment was filed in the insolvency court and Edward S. Perney (Spurney) was appointed receiver.
Source
newspapers

Newspaper Articles (22)
1. July 17, 1908 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, July 17, 1908

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CLEVELAND BANK CLOSES ITS DOORS [By Associated Press.] Cleveland, O., July 17.-The + Farmers' & Merchants' Banking Company on West Twenty-Fifth street closed its doors today. The liabilities and assets of the institution are each estimated at about $800,000. The failure is said to be due to the inability of the bank to realize upon its loans. A run started on the bank about two months ago when two smaller banks failed and since then the bank has been gradually depleted of its currency. It is said that the depositors will be paid in full.

2. July 17, 1908 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, July 17, 1908

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RUN CLOSES BANK. Concern Could Not Get Money Fast Enough for Depositors. Cleveland, July 17.-Owing to a run that gradually depleted its vaults of currency, the Farmers' and Merchants' Banking company at No. 3837 West Twenty-fifth street failed to open its doors this morning. Later a deed of assignment was filed in the insolvent court and Edward S. Perney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $50,000. The run upon the bank started in a small way two months ago, when two smaller banks failed here. The bank could not realize upon its securities and as a result it was decided to close the doors. It is said the securities will be sufficient to pay all depositors in full.

3. July 18, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, July 18, 1908

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CLEVELAIND BANK FAILS. Cleveland. O., July 17.-Owing to a run that gradually depleted its vaults of currency. the Farmers & Merchants' Banking company, at 3837 west Twenty-fifth street, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court and Edward S. Spurney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are estimated to be about $500,000. The run upon the bank started in a small way two months ago, when two smaller banks failed here. The bank could not realize upon its securities and as a result, it was decided to close the doors. It was said the securities, when realized upon, will be sufficient to pay all depositors in rull,

4. July 18, 1908 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, July 18, 1908

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OHIO BANK HAS TO CLOSE FROM RUN By Associated Press. CLEVELAND, July 17.-Owing to a run that gradually depleted the vaults of currency the Farmers and Merchants' Banking company at 3837 West Twenty-fifth street, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court and Edward S. Spurney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000. The run upon the bank started in a small way two months ago, when two smaller banks failed here. The bank could not realize upon its securities, and as a result it was decided to close the doors. It was said the securities, when realized upon, will be sufficient to pay depositors in full.

5. July 18, 1908 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, July 18, 1908

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Run Results In Failure. Cleveland, O., July 17.-The Farmers and Merchants' Banking company of this city closed its doors Friday. Liabilities and assets are each estimated at about $800,000. Failure was caused by a run that gradually depleted the vault of its currency. A deed of assignment was filed in the insolvency court and Edward S. Spurney appointed receiver The bank is capitalized at $100,000.

6. July 18, 1908 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 18, 1908

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CLEVELAND BANK FAILS. Inability to Realize on Loans Cause of Suspension. Cleveland, July 18.-Owing to a run that gradually depleted its vault of currency the Farmers and Merchants' Banking company failed to open its doors. Later a deed of assignment was filed in the insolvency court and Edward S. Srurney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000. The run upon the bank started in a small way two months ago, when two or three of the smaller banks failed here. The bank could not realize upon its securities and as a result it was decided to close the doors. It is said the securities, when realized upon, will be sufficient to pay all depositors in full.

7. July 18, 1908 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 18, 1908

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Owing to a run that gradually drained its vault of currency the Farmers and Merchants' Banking Company, at Cleveland, o., failed to open its doors yesterday. Later a deed of assignment was filed. The bank W83 capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000.

8. July 18, 1908 The Prescott Daily News Prescott, AR
Article from The Prescott Daily News, July 18, 1908

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Run Results In Failure. Cleveland, O., July 18.-The Farmers and Merchants' Banking company of this city closed its doors Friday. Liabilities and assets are each estimated at about $800,000. Failure was caused by a run that gradually depleted the vault of its currency. A deed of assignment was filed in the insolvency court and Edward S. Spurney appointed receiver. The bank is capitalized at $100,000.

9. July 18, 1908 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 18, 1908

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CLEVELAND BANK FAILURE Institution Could Not Realize Upon Its Securities and a Run Did the Rest. Cleveland. O., July 17.-Owing to a run that gradually depleted its vaults of currency, the Farmers & Merchants' Banking company, at No. 3837 West Twentyfifth street, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court and Edward S. Spurney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000. The run upon the bank started in a small way two months ago, when two smaller banks failed here. The bank could not realize upon its securities, and, as a result, it was decided to close the doors. It was said the securities. when realized upon, will be sufficient to pay all depositors in full.

10. July 18, 1908 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, July 18, 1908

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FARMERS' BANK FAILS CLEVELAND, Ohio, July 17.-Owing to a run that gradually depleted the vaults of currency the Farmers' and Merchants' banking company, at 3837 West Twenty-fifth street, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court and Edward S. Spruney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000.

11. July 24, 1908 Dakota Farmers' Leader Canton, SD
Article from Dakota Farmers' Leader, July 24, 1908

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BANK CLOSED BY A RUN. Oleveland Institution Fails to Open Door Friday. Owing to a run that gradually reduced its vaults of currency the Farmers and Merchants Banking company of Cleveland, failed to open its doors Friday morning. Later a deed of assignment was filed in the solvency court and Edward S. Spurney was appointed receiver. The bank was capItalized at $100,000. The assets and liabilities are estimated at $500,000. The run upon the bank started in a small two months ago. The bank could not realize upon its securities. It is said the securities whean realized upon will be sufficient to pay all deposmtors in full.

12. July 24, 1908 The Ely Miner Ely, MN
Article from The Ely Miner, July 24, 1908

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ing the rules by wearing specially prepared shoes, made a protest, which was overruled, and then withdrew. Canadian and French athletes also were dissatisfied with the management of the games. Martin J. Sheridan of the IrishAmerican Athletic club of New York and Ralph Rose of the Olympic club of San Francisco were the star performers in the Olympic games at London, winning two gold medals for America. Sheridan was first in the discus throwing and Rose was first in putting the shot. The third day of the Olympic games Great Britain won two gold medals and France and Sweden one each. America won second place in a team race. American athletes captured two gold medals on the second day of the Olympic games in London. John J. Flanagan won the hammer throw, breaking the Olympic record, and M. W. Sheppard won the 1,500-meter run. An effort to regain possession of thousands of acres of public school lands sold in Kansas during recent years is to be made. Evidence has been obtained of fraud by speculators in getting valuable lands at $1.25 per acre. Supreme Court Justice Morchauser of New York made permanent an in. junction restraining the Improved Be. nevolent and Protective Order of Elks of the World from using its present name and title. The order is composed of negroes. Princess Amelie Louise of Furstenburg and Gustav Kozian, an employe of an automobile firm, with whom she eloped last May, were married in the castle chapel at Kammerberg, Austria. Several fatal encounters between strikers and officers took place in Alabama and Gov. Comer ordered out the state troops. Persian revolutionists routed the government forces at Tabriz and sacked the houses of officials. President McCrea of the Pennsylvania company said the decision of the conference of railway presidents in New York was that the time was not opportune for raising freight rates. Waldorf Astor, the eldest son of William Waldorf Astor, was chosen as conservative candidate for member of parliament from Plymouth at the next general election. Frank Johnson, colored, was hanged at Moundsville, Va., for the murder of Mrs. Beulah Martin. He confessed to five other murders. William Hill, a barber at the Soldiers' Home in Milwaukee, killed himself after he had killed Mrs. Kimbell, said to have been his wife, though known by the name of a former husband, and Joe Biettner. Three thousand two hundred men of the Atlantic battleship fleet, all wearing leis, paraded the streets of Honolulu. The Farmers & Merchants' Banking company of Cleveland, O., failed after a run by its depositors. Fire believed to have been of incendiary origin destroyed the plant of the Elk Tanning company at Everett, Pa., the loss being $350,000. Charles W. Hamilton, assistant district attorney of Allegheny county; Pennsylvania, residing at Elizabeth, committed suicide because of ill health. Olga, Wilhelmina and Frederica, triplets born January 10 to Mrs. Adolph Liepold, wife of the gardener of the Lutheran cemetery at Newtown, N. Y., are dead, as the result of the heat. Mrs. Frank J. Gould's divorce suit was not dismissed, as reported, efforts of friends to effect a reconciliation being futile. A freight steamer ran down the schooner Lilley off Lorain, O., and the crew of the schooner jumped into the lake and were saved. Mrs. John Dietz, wife of the famous defender of Cameron dam, near Winter, Wis., finished a fast of 56 days to cure appendicitis and according to her husband she succeeded. One woman was killed, two were perhaps mortally injured, and nearly a dozen persons were seriously hurt when the White Mountain Express, of the New York, New Haven & Hartford railroad, was wrecked near Greenwich, Conn. A terrific earthquake occurred in the Province of Tacna and Arica, in Chile, the southern part of Peru and Bolivia. Considerable destruction of property, but no loss of life, is reported. Posing for years as a white girl, Lillian Beatrice Watkins of Chicago, a negress of great beauty, killed herself by firing a bullet into her right temple because her "curse of blood" had left a trail of disaster and death in its wake. Circuit Judge Reynolds of St. Louis ruled that steam laundries may go as far as they like in combining to maintain prices, as, owing to other methods of washing clothes, such a combination would not be in restraint of trade. Alfonso Costa, Republican leader in the Portuguese house of peers, wounded Count Penha-Garcia in the arm in a duel. OBITUARY. Capt. Martin E. Brown, one of the best-known steamboat men on the Ohio river died suddenly fail

13. July 24, 1908 The Yale Expositor Yale, MI
Article from The Yale Expositor, July 24, 1908

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games Olympic the Liverpool police team were violating the rules by wearing specially prepared shoes, made a protest, which was overruled, and then withdrew. Canadian and French athletes also were dissatisfied with the management of the games. Martin J. Sheridan of the IrishAmerican Athletic club of New York and Ralph Rose of the Olympic club of San Francisco were the star performers in the Olympic games at London, winning two gold medals for America. Sheridan was first in the discus throwing and Rose was first in putting the shot. The third day of the Olympic games Great Britain won two gold medals and France and Sweden one each. America won second place in a team race. American athletes captured two gold medals on the second day of the Olympic games in London. John J. Flanagan won the hammer throw, breaking the Olympic record, and M. W. Sheppard won the 1,500-meter run. An effort to regain possession of thousands of acres of public school lands sold in Kansas during recent years is to be made. Evidence has been obtained of fraud by speculators in getting valuable lands at $1.25 per acre. Supreme Court Justice Morchauser of New York made permanent an injunction restraining the Improved Benevolent and Protective Order of Elks of the World from using its present name and title. The order is composed of negroes. Princess Amelie Louise of Furstenburg and Gustav Kozian, an employe of an automobile firm, with whom she eloped last May, were married in the castle chapel at Kammerberg, Austria. Several fatal encounters between strikers and officers took place in Alabama and Gov. Comer ordered out the state troops. Persian revolutionists routed the government forces at Tabriz and sacked the houses of officials. President McCrea of the Pennsylvania company said the decision of the conference of railway presidents in New York was that the time was not opportune for raising freight rates. Waldorf Astor, the eldest son of William Waldorf Astor, was chosen as conservative candidate for member of parliament from Plymouth at the next general election. Frank Johnson, colored, was hanged at Moundsville, Va., for the murder of Mrs. Beulah Martin. He confessed to five other murders. William Hill, a barber at the Soldiers' Home in Milwaukee, killed himself after he had killed Mrs. Kimbell, said to have been his wife, though known by the name of a former husband, and Joe Biettner. Three thousand two hundred men of the Atlantic battleship fleet, all wearing leis, paraded the streets of Honolulu. The Farmers & Merchants' Banking company of Cleveland, O., failed after a run by its depositors. Fire believed to have been of incendiary origin destroyed the plant of the Elk Tanning company at Everett, Pa., the loss being $350,000. Charles W. Hamilton, assistant district attorney of Allegheny county, Pennsylvania, residing at Elizabeth, committed suicide because of ill health. Olga, Wilhelmina and Frederica, triplets born January 10 to Mrs. Adolph Liepold, wife of the gardener of the Lutheran cemetery at Newtown, N. Y., are dead, as the result of the heat. Mrs. Frank J. Gould's divorce suit was not dismissed, as reported, efforts of friends to effect a reconciliation being futile. A freight steamer ran down the schooner Lilley off Lorain, O., and the crew of the schooner jumped into the lake and were saved. Mrs. John Dietz, wife of the famous defender of Cameron dam, near Winter, Wis., finished a fast of 56 days to cure appendicitis and according to her husband she succeeded. One woman was killed, two were perhaps mortally injured, and nearly a dozen persons were seriously hurt when the White Mountain Express, of the New York, New Haven & Hartford railroad, was wrecked near Greenwich, Conn. A terrific earthquake occurred in the Province of Tacna and Arica, in Chile, the southern part of Peru and Bolivia. Considerable destruction of property, but no loss of life, is reported. Posing for years as a white girl, Lillian Beatrice Watkins of Chicago, a negress of great beauty, killed herself by firing a bullet into her right temple because her "curse of blood" had left a trail of disaster and death in its wake. Circuit Judge Reynolds of St. Lquis ruled that steam laundries may go as far as they like in combining to

14. July 25, 1908 Morris Tribune Morris, MN
Article from Morris Tribune, July 25, 1908

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MISCELLANEOUS NEWS. That freight rates should be advanced in the territory of the Southeastern Freight association and the Southeastern Mississippi Valley amociation, which takes in all the territory south of the Ohio river and cast of the Mississippi river, was decided on at a meeting at Louisville of the executive officers of all of the railroad systems interested. In a decision handed down by Judge C. C. Kohlsaat in the United States circuit court at Chicago the jurist enjoined the issuance of transportation by the Chicago, Indianapolis and Louisville Railway company 8 the publishers of Munsey's magazine in exchange for advertising, declaring the contract a violation of the Hepburn law. The brokerage firm of Cameron Currie & Co. of Detroit went into the hands of a receiver through a bill filed in the Wayne circuit court by Cameron Currie against his partner, Louis H. Case, asking a dissolution of partnership. The liabilities are estimated at from $500,000 to $700,000. A settlement affecting 10,000 men in Pennsylvania, Ohio, Wisconsin, Michigan, Missouri and Illinois was reached at Detroit between the Western Bar Iron association and the Amalgamated Association of Iron, Steel and Tin Workers. Suite for damages aggregating 3950,000 were entered in the United States circuit court at Pittsburg against the Pittsburg Coal company as a result of the Barr mine disaster of Dec. 19, 1907, when nearly 300 men were Milled. The interstate commerce commission will be appealed to by the Manufacturers' association of New York in its fight to prevent the railroads from making a 10 per cent increase in freight ratos. The hog market, which had been steadily advancing since March, climbed to the high mark for the year at Chicago when prime animals sold at $7 a hundred pounds. Owing to a run that gradually depleted its vault of currency the Farmers and Merchants' Banking company of Cleveland has closed its doors.

15. September 10, 1908 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, September 10, 1908

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of some local misfortune. A bank failure in one county is felt in adjoining counties, and causes apprehension among bankers as wel as depositors, lest fear become infectious, spread to banks, that are healthy enough for fair weather and carry them down coo in a maelstrom of adversity. In Clinton county they still feel the blow of the Bianchester bank failure. Crawford county still remembers, the Galion bank disaster. Huron county needs no additional object lesson. Newark has been through the mill. Wayne county still discusses the collapse of the Wooster bank, The Dresden bank failure is another object lesson, The cashier of the Farmers' and Merchants' Bank at Cleveland was arrested but that did not reimburse the 2,800 depositors for their aggregate loss of $415,000. A receiver is still in charge of the Sessions bank at Columbus which was forced into liquidation by the shrinkage in value of some of the securities it carried and through no dishonesty on the part of the managers of the bank, It was a state bank, but the receiver's fees would have been more than the tax required of the bank to have guaranteed deposits under such a law as Oklahoma has, Columbus has had other bank failures in the past two years that failed to pay out in full/ And so the list might be extended until the whole state is covered, but these examples are sufficient. Dishonest bankers may be sent to "banker's row" but that does not reimburse the confiding depositors nor the innocent stockholders who are made to suffer. But this enough to show whether Taft is on the right side in opposing the bank guaranty lank of the Denver platform, which sets forth one of the policies advocated for years by William J. Bryan, It is one of Mr. Bryan's policies Teddy didn't try to steal. In his speech at Youngstown Saturday, Governor Harris is quoted as saying. "I am confident that the present state officers are both competent and honest, and that my associate candidates on the Republican state ticket without exception are worthy of your most worthy support. Some of them are being misrepresented and maligned in a most unjust manner. To their credit it can be said truthfully that none of the charges have been sustained. It is to be regreeted ta tany contest for public office should be based on porsonal abuse and sensational insinuations, but the alliances that have been formed this year seem to run on the theory that the end justifies the means, no matter how foul or false," # WITHOUT EXCEPTION The governor's indorsement of the candidates on his ticket WITHOUT EXCEPTION puts him on a par with men who are being opposed by republican papers for reasons quite the opposite to the certificate of character he offers for them. As for the state officers to whom he gives blanket approval, he probably has not read the editorials in the Toledo Blade and other republican papers, It is easy for the governor to exculpate McKinnon, Green and Guilbert since the engaged in secret conference with Guilbert, Wade H. Elis and republican leaders in the house and senate to devise some means for side-tracking an investigation being conducted according to law by committies of the Ohio legislature, to which MicKinnon and Green inscently answered questions with their celebrated "none of your business" slogan, and to which Guilbert refused to produce records or to answer questions. Governor Harris says he is confident" in his oppinion. But he has failed to comply with the laws that require him to examine the state auditor's office and to have the state treasury examined, which would have proved his convictions or disclosed conditions unearthed by commitees of the legislature. When Governor Harris rails against sensational institutions" that may be foul or false" let him answer the charges that have been made by the Toledo Blade, C'eveland Leader, Medina Gazette, Sandusky Regeister, Gallia Times, regarding McKinnon, Green, Guilbert, Fullington, Denman and Thompson. Let him answer to the Judicial Reform Union for Judges Shauck and Price. Let him answer to the whole people of Ohio for his own complicity in

16. January 7, 1909 The Hayti Herald Hayti, MO
Article from The Hayti Herald, January 7, 1909

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TODO ICAN Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 22-Traders and Mechanics' Bank, Pittsburg. Pa. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euelid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg. Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadel. phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Clilcago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty : of misapplication of funds and falsifying books of National Bank of AmerI Ica, New York. I 6=C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. Dec. 7-National exchange bank at 1 Springfield, Mo. closed; excitement , caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union Na. . tional bank. 11-Springport, Mich., State Savings bank 1 closed by bank examiner. 16-Somersworth, N. H., First National 9 bank closed, following discovery of shortage of $85,000. 1 23-Thomas F. Ryan announced retirement from finance. : 26-Henry W. Poor, New York broker, assigned for creditors. a

17. January 7, 1909 The Spanish Fork Press Spanish Fork, UT
Article from The Spanish Fork Press, January 7, 1909

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Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. e 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 1 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. r Jul. 14-National Deposit bank, Philadeln phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, ). Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest it New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. di Oct. 16-Union National bank, Sommer11 ville, Pa., closed by government. 1Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifyd ing books of National Bank of America, New York. s' 6-C. W. Morse sentenced to 15 years Curtis given liberty on suspended sentence. in 23-Eldred bank of Eldred. Pa., suspended: capital stock, $100,000. ed Dec. 7-National exchange bank a Springfield, Mo., closed: excitement y caused by effort of W. O. Oldham cashier of State Savings bank, to shoo te President H. B. McDaniel, of Union Na tional bank. ed 11-Springport, Mich., State Savings bank n. closed by bank examiner. c16-Somersworth. N. H., First Nationa bank closed. following discovery o eshortage of $85,000. as 23-Thomas F. Ryan announced retire ment from finance. e26-Henry W. Poor, New York broker, as th signed for creditors.

18. January 7, 1909 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 7, 1909

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FINANCIAL $ $ Jan. 2-State Bank, Rockyford, Col., closed doors. Ka 6-Four big New York diamond firms forced into trustee's hands: liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of D. receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex. largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa.. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. -People's National bank. Aspin. Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon. Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa.. stockbrokers. failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. a Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

19. January 8, 1909 Washington Telegraph Washington, AR
Article from Washington Telegraph, January 8, 1909

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o tional bank and se railroads, convicted of msapprop aring institution's f funds. 22-Traders and Mechanics' Bank, Pittsburg, Pa. closed doors. t 25-NationalBank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. Feb. of 13-W. B. Ridgely, comptroller currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 5-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. ep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. OV. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of AmerIca, New York. -C. W. Morse sentenced to 15 years; Curtis given liberty on suspended senlence. ec. 7-National exchange bank at Springfield, Mo., closed; excitement aused by effort of W. O. Oldham, ashier of State Savings bank, to shoot President H. B. McDaniel, of Union Nadonal bank. Springport, Mich., State Savings bank losed by bank examiner. Somersworth, N. H., First National ank closed, following discovery of hortage of $85,000. Thomas F. Ryan announced retire2 ent from finance. Henry W. Poor, New York broker, as2 gned for creditors.

20. January 8, 1909 The Julesburg Grit-Advocate Julesburg, Big Springs, CO
Article from The Julesburg Grit-Advocate, January 8, 1909

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TEXT TOTAL Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America. New York, closed for liquidation, by order of government. 29-New Amsterdam National bank. capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely. comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City. Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosctusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 23-Standard on $29,240,000 fine deelalon unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of AmerIca, New York. -C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred. Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham. cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport. Mich. State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.

21. January 8, 1909 The State Herald Holyoke, CO
Article from The State Herald, January 8, 1909

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-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. -Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co. Macomb City, Miss. placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, falled: liabilities. $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank. Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 7-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard OIL $29,240,000 fine deelsion unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank. Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms. failed: lia© bilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced Into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of Amerlea. New York 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa.. suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich. State Savings bank closed by bank examiner. 16-Somersworth N. H., First National bank closed following discovery of shortage of $85,000. 23-Thomas F Ryan announced retirement from finance 26-Henry W. Poor. New York broker. assigned for creditors

22. January 8, 1909 The Chanute Times Chanute, KS
Article from The Chanute Times, January 8, 1909

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FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex., largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, Jun. $1,800,000. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed Jul. doors. -National Deposit bank, Philadelphia, Pa., closed by comptroller of cur17-Farmers rency. and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine dectsion unanimously reversed by United States court of appeals at ChiAug. engo. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's Oct. hands. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sen23-Eldred tence. bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.