16047. Kessler & Co. (New York, NY)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: October 30, 1907
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: ff1def44

Response Measures

None

Description

Kessler & Co., a private Wall Street banking house, made a general assignment on Oct 30, 1907 (suspension/assignment) and subsequently had a receiver appointed and bankruptcy petitions filed. No article describes a depositor run; causes cited are inability to sell foreign drafts and the illness/failure of a partner to supply cash. The firm entered receivership/bankruptcy and did not reopen.

Events (3)

1. October 30, 1907 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Immediate inability to sell foreign drafts/bills of exchange to meet maturing paper ($500,000) and the serious illness/failure of a partner to furnish immediate cash, prompting a general assignment to William Williams.
Newspaper Excerpt: Kessler & Co. assigned for the benefit of their creditors shortly after the close of business ... The immediate cause of the failure was said to be the firm's inability to sell its bills of exchange to meet maturing paper in London to the amount of $500,000, due yesterday.
Source: newspapers

2. November 9, 1907 Receivership

Newspaper Excerpt: Lawrence D. Sexton was appointed yesterday receiver of the banking firm of Kessler & Co. by judge Holt ... The allegation was made ... that the firm had committed an act of bankruptcy in making a general assignment for the benefit of creditors to William Williams, on October 30.
Source: newspapers

3. November 12, 1907 Other

Newspaper Excerpt: Lawrence E. Sexton ... qualified yesterday as receiver for the bankrupt banking firm of Kessler & Co., of No. 54 Wall street, after Judge Holt ... had approved the bond of $100,000 furnished by the Federal Union Surety Company.
Source: newspapers

Newspaper Articles (16)

1. October 31, 1907 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, October 31, 1907

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Business Is Normal. New York, Oct. 30.-The financial situation today was so nearly normal that there were few new features of importance. Bankers said that the calls for money from the neighborhood of New York and the entire east apepared to be practically satisfied and such calls for currency of an urgent character as were being received came from points west of the Mississippi. These calls are being met fast as conditions permit. Mr. Williams, the new state superintendent of banking gathered up most of the cash in the suspended banks today and deposited it with going institutions, thereby adding several millions of dollars to the funds available in the market. The debit balances against banks at the Clearing House were smaller than usual, under normal conditions, all such balances aggregating only a little more than $9,000,000 on clearings of $226,000,000. One of the points at which the most serious pressure for money is expected is at New Orleans, in order to finance the movement of the cotton crop. A committee of New Orleans bankers is in Washington and hopes to secure a promise from Secretary Cortelyou for the deposit of substantial sums of public money in New Orleans and other southern institutions. One of the most interesting developments of the situation is the large amount of the purchases of securities in small lots for investment. It is estimated that there are 400,000 more names of stockholders on the books of the railway and idustrial corporations than was the case a year ago. While it requires a good many sales in small lots to reduce the mass of undigested securities on the stock market, the effect of every such withdrawal from the quantity of speculative stocks is beneficial to market. This is regarded as a good augry by the bond dealers whose market has been very flat for many months but who believe that they will be able to dispose of many good securities as soon as the present flurry has subsided. The cable from Europe were not disquieting to those familiar with the situation there. It is generally expected that the rate of the Bank of England will be advanced tomorrow, but this will be too late to effect engagement of gold already made for the United States The disposition in the Paris to aid the London market by loans on Sterling bills is regarded as an indication that the French bank is well fortfied and is willing to pursue under Governor Pallain the generous policy which had usually characterized its action in emergencies. The absence of any failures, either financial or mercantile in New York of any improtance except that of Kessler & Co., a private banking firm. and the offer of call money at lower rates than during most of the time yesterday were other the favorable symptoms of the situation.

2. October 31, 1907 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, October 31, 1907

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FEW CALLS FOR CASH New York Banks Report that Conditions Are Nearly Normal ARE SITED MORE FUNDS ed Nine Millions in Vaults Institutions Now Availa SMALL GET INVESTORS Brokers Report Many Sales of Stoc to Country Customers. FUNDS NEW NEEDS ORLEANS Large Amounts will Be Required to Moye Cotton _Financial Situation in' Europe is Quiet. NEW YORK Oct. 30. -The financial situation today was so near normal that there It new features of importance. by bankers that the for was was stated no calls of New from the neighborhood the entire east appeared satisfied, as such practically money York and character calls to were for be currency of an urgent as being received came from points west of the Mississippi. These calls are being met as conditions permit. Mr. Williams, state superintendent up most of the cash in the as gathered fast new of banking the suspended banks today and deposited it with going institutions, thereby adding several millions to the funds available in the market. The debit balances against banks at the clearing house were smaller than usual. under normal conditions, all such balances aggregating only a little more than $9,000,000 on clearings of $266,000,000. New Orleans Needs Cash. One of the points at which the most pressure for money is expected is at New in order to finance the movement of cotton crop. The pressure at this season always Orleans, the heavy of Intense the there year. this is to be even more than usual, unless year and promises special Orleans prepara- banks tions are made. The New appear to be fully alive to this situation and were endeavoring today to arrange for transfers of money from Europe on payment for cotton through the fiscal agents of the United States in Europe and its direct transmission by cable to New OF leans. A committee of New Orleans bankers is in Washington and hopes to secure a promise from Secretary Cortelyou of the deposit of substantial sums of public money in New Orleans institutions Secretary Cortelyou appears to recognize that benefits conferred by this policy will not be confined to New Orieans and the south, but will aid with movement and prompt delivery of American products in Europe and the creation of a credit balance which will cover the imports of gold. Cotton bills are being closely scrutinized in New York and cannot always be negotiated quite so promptly as in normal times, but where their character is unimpeachable they are recognized as one of the best means of \covering the important movement. small Investors Get Busy. One of the niost interesting developments in the situation is the large amount of the purchases of securities in small lots for investment. Most of the large private banklug houses which sell stocks and bonds have been keeping the clerical force at work overtime executing such orders and attending to the transfer of titles to the securities on the books of the corporation from which they are issued. This is one of the decisive marks of investment buying. It is estimated by good judges that there are 400,000 more names of stockholders on the books of the railway and industrial corporations than was the case a year ago. A single large firm reports sales between $500,000 and $750,000 per day. Another firm states that its wires to outlying places are crowded with small orders, directing the transfers of the securities to the names of new owners. while still another firm declares that there has not been a movement of this kind of such volume for twenty years. European Situation Quiet. The cables from Europe were not disquieting to those familiar with the situation there. The fact that the Bank of England the question of raising the rate to go over until has discount allowed the regular tomormeeting of the board of governors row, is regarded as an indication that the demand for gold is not causing unusual anxiety there. It is generally expected that the Bank of England's rate will be advanced tomorrow, but this will be too late to affect engagements of gold already made for the United States. The disposition in Paris to aid the Lon by loan on sterling bills is reas an indication is well fortified and to garded bank don market Pallain, that is the willing the French genpursue, under Governor erous policy which has usually characterized its action in emergencies. The abof either or in New York any sence mercantile, any failures, Kessler of & financial Co., import- priance, except that of a vate firm, and the call at lower rates than of were the money the time banking yesterday during offer other most of favorable symptoms of the situation.

3. October 31, 1907 New-York Tribune New York, NY

Article from New-York Tribune, October 31, 1907

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KESSLER & CO. ASSIGN. International Bankers Unable to Sell Foreign Drafts. Kessler & Co., bankers and brokers, of No. 54 Wall street, regarded as one of the most conservative of the prominent international banking houses in this city, assigned for the benefit of their creditors shortly after the close of business on the Stock Exchange yesterday. The assignment was to William Williams, of No. 35 Wall street, formerly United States Commissioner of Immigration at Ellis Island. The firm's liabilities are estimated at $2,000,000. No statement of the assets could be obtained last night, beyond the fact that they consist principally of unsold bills of exchange and various securities, including about twelve thousand shares of Cripple Creek Central Railway stock. The immediate cause of the failure was said to be the firm's inability to sell its bills of exchange to meet maturing paper in London to the amount of $500,000, due yesterday. Kessler & Co. have been well and favorably known in Wall Street for more than twenty years, Prior to 1900 they confined themselves to a strictly banking business, largely in foreign exchange and Investments. On April 12, 1900, Alfred Kessler, the senlor member of the house, was admitted to the Stock Exchange, but he was not an active member, and it was said yesterday that the firm did practically no Stock Exchange business. and that its failure had nothing to do with the Stock Exchange. Mr. Williams said last night that he had not had time to make an examination of the firm's affairs, and could not make any statement as to its condition at present. Alfred Kessler, the only member of the house who was at the office yesterday, authorized the following statement: "The immediate cause of our suspension is not the stock market, with which we have had very little to do. It is due to our inability to sell our foreign drafts as we have been accustomed to do for many years, and the failure of one of our partners, who is very ill, to furnish us the immediate cash which we expected and which was necessary to mcet our maturing bills." Shortly after Issuing this statement Mr. Kessler collapsed, owing, it was said, to the strain he had been under during the last few days in trying to bring the firm through its difficulties, and had to be removed to his home. The other members of the concern are Rudolph E. F. Flinsch, who is now on his way home from Europe, and William K. Gillett. The latter has been ill for more than a year and has taken little active part in the bustness. It was learned from an interest associated with the firm that Mr. Gillett was the partner who had been appealed to to furnish cash to enable the firm to meet its obligations. A final urgent request for funds was made to him on Tuesday night, It was added, but without success, although it was pointed out that unless the cash was forthcoming the firm would be forced to suspend. Kessler & Co. are agents for various corporations and are connected with many prominent foreign houses, particularly in London. Both Mr. Kessler and Mr. Flinsch are directors in the Daim1er Manufacturing Company, and the latter is also a director of the United Breweries Company, vicepresident and director of the United States Reduction and Refining Company and vice-president and director of the Cripple Creek Central Railway Company.

4. October 31, 1907 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, October 31, 1907

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NEW YORK SAFE FROM ALL HARM Continued from Page 1. that of Kessler & Co., a private banking firm, and the offer of call money at lower rates than auring most of the time yesterday, were the other favorable symptoms of the situation. The Trust Company of America received on deposit today nearly $100.000 more than it paid out. Only 438 withdrawals were made during the day. Attorney George L. Rives today was appointed by Supreme Justice Clarke a receiver for the Knickerbocker Trust company in place of Otto T. Bannard, president of the New York Trust company, who declined to give a bond of $500,000, which was required. The other receivers before named are Ernest Thalman and Henry C. Ide. Mr. Rives was assistant secretary of state during the first administration of President Grover Cleveland, and is identified with many prominent financial organizations. Bank Failure. Inability to sell their foreign drafts, and the serious illness of one of the parties who had been called upon to furnish immediate capital for maturing bills, brought about the assignment today of Kessler & Co., international bankers. The firm has outstanding acceptances of between $500,000 and $1,000,000, but a detailed statement of liabilities and assets was not available tonight. The assignee is William Williams. The firm members are Alfred Kessler, Rudolph E. Flinsch and William K. Gillette. Mr. Flinsch is on his way home from Europe and Mr. Gillette is confined to his home here by sickness. The firm is said to have many mining interests in the vicinity of Cripple Creek, Colo., and other assets.

5. November 1, 1907 The Sun New York, NY

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KESSLER & CO:S LIABILITIES. Some of the Largest Banking Houses In the Street Are Creditors. Haskins & Sella, accountants, were put on the books of the assigned banking house of Kessler & Co. yesterday. The accountants will complete their work as rapidly as possible, and there will then be called a meeting of creditors at which an offer will probably be made for the compromise of claims. Among the firm's creditors are some of the large banking houses of the Street and banks which purchased Kessler bills principally for the reason that they were offered at very low prices. Bills in the amount of £5,000, £10,000 and £15,000 sterling are quite widely distributed throughout the Street.,

6. November 1, 1907 The Norfolk Weekly News-Journal Norfolk, NE

Article from The Norfolk Weekly News-Journal, November 1, 1907

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# PARIS OFFERS MILLIONS CABLE AN OFFER OF $15,000,000 IN GOLD. # STOCKS STRONGER IN EAST Confidence in New York Continued to be Rapidly Restored and Stocks on the Exchange Were Stronger Than at Any Time Within the Week. New York, Oct. 31. Confidence continued today to be rapidly restored in the financial situation. Paris banks today cabled an offer of fifteen millions of dollars in gold, if it is needed. All stocks on the exchange ruled stronger today than at any time during the past week. New York, Oct. 31. The financial situation is so near normal that there are no new features of importance. It was stated by bankers that the calls for money from the neighborhood of New York and the entire east appear to be practically satisfied, as such calls for currency of an urgent character as were being received came from points west of the Mississippi. These calls are being met as fast as conditions permit. Mr. Williams, the new state superintendent of banking, gathered up most of the cash in the suspended banks and deposited it with going institutions, thereby adding several millions to the funds available in the market. The debit balances against banks at the clearing house were smaller than usual under normal conditions, all such balances aggregating only a little more than $9,000,000. One of the points at which the most pressure for money is expected is at New Orleans, in order to finance the movement of the cotton crop. Public Buying Stocks. One of the most interesting developments in the situation is the large amount of the purchases of securities in small lots for investment. Most of the large private banking houses which sell stocks and bonds have been keeping the clerical force at work overtime executing such orders and attending to the transfer of titles to the securities on the books of the corporation by which they are issued. This is one of the decisive marks of investment buying. It is estimated by good judges that there are 400,000 more names of stockholders on the books of the railway and industrial corporations than was the case a year ago. A single large firm reports sales between $500,000 and $750,000 per day. Another firm states that its wires to outlying places are crowded with small orders, directing the transfers of the securities to the names of new owners, while still another firm declares that there has not been a movement of this kind of such volume for twenty years. Cables Not Disquieting. The cables from Europe were not disquieting to those familiar with the situation there. It is generally expected that the Bank of England's discount rate will be advanced today, but this will be too late to affect engagements of gold already made for the United States. The disposition in Paris to aid the London market by loan on sterling bills is regarded as an indication that the French bank is well fortified and is willing to pursue under Governor Pallain the generous policy which has usually characterized its action in emergencies. The absence of any failures in New York of any importance, except that of Kessler & Co., a private banking firm, and the offer of call money at low rates were the other favorable symptoms of the situation. Attorney George L. Rives was appointed by Supreme Court Justice Lester W. Clarke a receiver for the Knickerbocker Trust company.

7. November 1, 1907 The Washington Herald Washington, DC

Article from The Washington Herald, November 1, 1907

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GOLD IS ON THE WAY Engagements Bring Total for Month to $23,000,000. NO FAILURES ARE REPORTED Domestic Exchange Has No Unfavorable Developments Apart from Stringeney-Liquidation of Pennsylvania Stock One of the Features on the Market Yesterday. New York, Oct. 31.-The foreign exchange situation was again extremely encouraging to-day, engagements of gold for import being resumed with every indication of more to follow, but in domestic the unpleasant features of the situation were as pronounced as ever. In most of the largest commercial cities of the country, high premiums were bid for New York funds. In Philadelphia bids for New York funds were made at premiums ranging from $1 to $5 per $1,000. In the same city 2 per cent was bid for currency, and it was reported that in some cases a premium could be secured for currency here. In the opinion of conservative bankers, the favorable elements in the foreign exchange situation far overbalanced the feature in in the The unpleasant developments domestic latter exchange indicated inconvenience rather than positive embarrassment, and the increased ease in foreign exchange was considered certain to remove the inconvenience in domestic exchange. Furthermore, the day passing without failures and other unfavorable developthe financial to the time ments one day brought nearer of community the arrival of the more than $20,000,000 gold engaged abroad. Millions on the Way. for were made by import In this city engagements Heidelbach, of gold Ickleto the amount and Lazard Freers to of heimer by & Co., the of amount $1,000,000 $500,000. The First National Bank, of Chicago, booked $1,000,000 abroad. and the Illinois Savings Bank $500,000 more, so that the two cities secured $3,000,000 in the course of the day. The engagements brought the total for the month up to $23,750,000. They were accompanied by but a slight advance in exchange rates, except in the case of cables which went up very sharply toward the close. Demand sterling closed at 4.84 1-4 and 4.84 1-2 an advance of but 1-4 cent over Wednesday's close. With a premium on currency in various cities of the country, it is profitable to bring over gold at higher foreign exchange rates than otherwise, since the premium assures a substantial profit on the arrival of the gold on this side. The exchange outlook was further brightened by the progress of the negotiations for placing the new issue of city reve nue bonds in Paris. The Bank of England, as had been ex pected, advanced its minimum discount rate from 41/2 to 53/2 per cent. The effect of the advance had been fully discounted and it was accordingly of little influence on the foreign exchange situation between this city and London. It was believed that the principal reason for the advance was to prevent withdrawals of gold from London for Paris. London was believed to be entirely willing to aid New York in every way in its power. Money at 5 Per Cent. Money on call at the New York Stock Exchange opened at 20 per cent. which was the prevailing rate, and the rate at which renewals were made. In the afternoon loans were made down to 4 per cent The last loan was at 5 per cent The time money market was unchanged from the previous day. Foreign money. in no very large amounts, was loaned at 12 per cent for ninety days. Very heavy liquidation in Pennsylvania Railroad stock was the feature of the stock market. Haskins & Sells, accountants. were put on the books of the assigned banking house of Kessler & Co. to-day. The accountants will complete their work as rapidly as possible, and there will be called a meeting of creditors, at which an offer will probably be made for the compromise of claims.

8. November 7, 1907 Pierre Weekly Free Press Pierre, SD

Article from Pierre Weekly Free Press, November 7, 1907

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SITUATION NOW ALMOST NORMAL FEW NEW FEATURES OF IMPOR TANCE IN NEW YORK'S FINANCIAL FLURRY. MANY FAVORABLE SYMPTOMS LARGE PURCHASES OF SECURITIES IN SMALL LOTS GOOD AUGURY. New York, Nov. 1. - The financial situation yesterday was so nearly normal that there were few new features of importance. It was stated by bankers that the calls for money from the neighborhood of New York and the East appeared practically satisfactory, as such urgent calls for currency as were being received came from points west of the Mississippi. These calls are being met as fast as conditions permit. Mr. Williams, the new superintendent of banking, gathered most of the cash from suspended banks yesterday and deposited it with going institutions, thereby adding several million dollars to the market funds. Need Money for Cottton. One of the points at which the most serious pressure for money is expected is at New Orleans, where the movement of the cotton crop calls for cash. The pressure there is always heavy at this season and promises to be even more intense this year. A committee of New Orleans bankers is in Washington and hopes to secure a promise from Secretary Cortelyou to deposit substantial sums in New Orleans banks and other Southern institutions. Secretary Cortelyou appears to recognize that benefits conferred by this policy will not be limited to New Orieans and the South, but will aid in the movement for the luct of American prompt deli in Europe and the creation of a credit balance which will cover the imports of gold. It is estimated by goo udges that there are 400,000 more names of stockholders on the books of the railway and industrial corporations than was the case a year ago. This is regarded as a good augury by bond dealers, whose market has been very flat for many months. The absence of any failures, either financial or mercantile, in New York of any importance, except that of Kessler & Co., a private banking firm, and the offer of call money at lower rates than during most of the time Tuesday were other favorable symptoms of the situation.

9. November 9, 1907 New-York Tribune New York, NY

Article from New-York Tribune, November 9, 1907

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KESSLER RECEIVER. L. D. Sexton Appointed-Attempted Transfer of Assets Alleged. Lawrence D. Sexton was appointed yesterday reeiver of the banking firm of Kessler & Co. by judge Holt, in the United States District Court, and his bond was fixed at $100,000. This action folowed the filing in that court of an involuntary etition in bankruptcy against Alfred Kessler, R. D. Flinsch, No. 40 East 69th street, and William' K. Hillett, composing the firm of Kessler & Co., by reditors with claims as follows: Cripple Creek Central Railway Company, a Maine corporation, 100,000 for money deposited; James F. White & Co., 11,000 upon drafts, the payment of which, it is dedared, has been refused, and the Schweigerische Bank Verein, of Switzerland, for $100,000 and upward upon bills of exchange. The allegation was made in the petition that the firm had committed in act of bankruptcy in making a general assignnent for the benefit of creditors to William Willams, on October 30. The court especially enjoins any one from transferring or disposing of any stocks, bonds or securides in which the alleged bankrupt has an interest. Among those holding such collateral, the court par:ccularly enjoins Henry F. Kessler, of Manchester, England, and the firm of Kessler & Co., Limited, also of Manchester. In the petition asking for a receiver John Larkin, of No. 44 Wall street, representing the petitioning ereditors, says that Kessler & Co. were engaged, among other things, in selling exchange on England and other foreign countries, the acceptances being secured by deposits of collateral in the hands of trustees. Kessler & Co., it is further said, had Intimate business relations with Kessler & Co., Limited, of Manchester, England, extending over a long period of years, the members of the two houses being related, and that at the time of the general assignment of Kessler & Co. in New York on October 30 the Manchester house said it was a creditor in the sum of $400,000 for draft and exchange acceptances and secured by collateral deposited amounting to a par value of $1,000,000. The petitioner alleges that such collateral was never out of the actual physical possession of Kessler & Co., of New York at any time, and that shortly before the New York assignment Henry F. Kessler, one of the Manchester partners, came to New York, knowing Kessler & Co., of New York, would fail shortly, and took possession of the securities referred to, or at least attempted to do so. The attempted transfer of securities, a list of which is given in the petition, it is alleged, was in fraud of the rights of the petitioner and other creditors, and constituted an act of bankruptcy, in that it created an unlawful preference in favor of Kessler & Co., Limited, of Manchester. The United States Circuit Court of Appeals recently held in the Heinze bankruptcy case that the United States District Court was without power to issue an order restraining the sale of securities hypothecated by a brokerage house, when the loan had been made with the understanding that the holders of the collateral could sell the same "under the rule" of the New York Stock Exchange governing call stock loans. How this will affect the affairs of Kessler & Co., with its London concern, will have to be fought out by the lawyers representing both houses, the creditors and the receiver.

10. November 9, 1907 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, November 9, 1907

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Petition In Bankruptcy. New York, November S.-An involuntary petition in Bankruptcy was filed against Kessler & Co., bankers, of 54 Wall street, who made & general assignment October 30 to William Williams. The petitioning creditors and their claims are: Cripple Creek Central railroad, $100,000; J. F. White, $1000; The Schweizerische Bank Verein of Switzerland, $100,000. Lawrence D. Sexton was appointed receiver of the firm and his bond was fixed at $100,000.

11. November 9, 1907 New-York Tribune New York, NY

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BUSINESS TROUBLES. The following petitions in bankruptcy were filed yesterday with the clerk of the United States District Court: An involuntary petition against Louis C. Howard, No. 216 West 50th street, by creditors, with claims as follows: Raphael Brill, $519; Pennsylvania Rubber Company, $39, and Charles W. Crocker, $91. The appointment of a receiver in the City Court of New York is alleged as an admission of bankruptcy. Charles Minners, No. 1236 Amsterdam avenue, voluntary petition, showing debts of $2,600 and assets of $3,000. The principal creditors are Meyerhoff & Holstein, $560. The assets consist of real estate, $250; stock in trade, $1,200; horse and wagon, $300; fixtures, $350; accounts due, $1,012. John G. Saxe was appointed receiver, with a bond of $1,000. An involuntary petition against the Eccleston Lumber Company, No. 44 Broadway, by creditors, with claims as follows: Waccamaw Lumber Comany, $201; Hickson Lumber Company, $121, and the Manhattan Electrical Supply Company, $68. Preferential payments of $1,000 are complained of. Willis B. Dowd was appointed receiver, with a bond of 12,500. Lawrence E. Sexton was appointed receiver of he business of Kessler & Co., brokers and bankTS. with a bond of $100,000. John C. Milne and Walter Turnbull, who comosed the firm of Milne, Turnbull & Co., importers rd dealers in dress goods, at No. 3 East 17th reet, assigned for the benefit of creditors to alter C. Shoup, of No. 315 West 79th street. J. P. beffield, of No. 15 William street, is the attorney or the assignee,

12. November 12, 1907 New-York Tribune New York, NY

Article from New-York Tribune, November 12, 1907

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KESSLER & CO. RECEIVER QUALIFIES. Lawrence E. Sexton, of No. 84 Pine street, qualified yesterday as receiver for the bankrupt banking firm of Kessler & Co., of No. 54 Wall street, after Judge Holt, of the United States District Court, had approved the bond of $100,000 furnished by the Federal Union Surety Company.

13. December 31, 1907 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, December 31, 1907

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Pennsylvania at football, 20 00 01 on Franklin field. Cornell beat Princeton, 6 to 5. at Ithaca. 2. Convention: 1st international aeronautical congress opened in New York city. 19. Sporting: Edward Payson Weston, long distance pedestrian, started from Portland to walk to Chicago, distance of 1,236 miles. 10. Financial Troubles: Kessler & Co., Wall street bankers, failed owing $1.000,000. Russia: The mutinous crews of three Russian destroyers vanquished in a hot battle with loyal ships at Vidivostok. NOVEMBER. 1. Fire: At Brocton, N. Y.: loss of $250.000 by the burning of Ryckmans' wine cellars. 2. Sporting: Princeton defeated the Carlisle Indians at football, 16 to 0. in New York. 6. Accidents: 10 killed and 30 injured by a boiler explosion on board the Ger5 man schoolship Blucher at Kiel. killed and 3 injured by a boiler explosion at Steubenville, O. Obituaries: Don Diego Barros Arana, eminent Chilean historian and educator, known as South America's "grand old man," at Santiago: aged 77. Gen. T. E. Ross. U. S. A.. retired. who led the famous tunnel escape of Federal prisoners from Libby prison, Richmond, in 1864, in Washington; aged 77. Financial Troubles: The Arnold Print works at North Adams, Mass., placed in a receiver's hands. Miscellaneous: The British battle7. ship Superb, an improved Dreadnought, launched at Newcastle, Essland. 10 persons killed by a powder car explosion near Naco, Ariz. 8. Fire: At Superior, Wis.: loss of $2,250.000 by the burning of Elevator A and other business properties. .9. Sporting: The Carlisle Indians defeated Harvard at football, 23 to 15, at Boston. 11. Obituary: Mrs. Augustin Daly, widow of the founder of Daly's theater, in New York city. Conventions: The American Federation of Labor met in its 27th annual session at the Jamestown exposition. American mining congress met at Joplin, Mo. Personal: Emperor William of Germany arrived in London on a friendly visit to King Edward VII. 12. Fires: 6 lives lost by the burning of the Hotel Garde at New Haven, Conn. The Hotel Castleton. on New Brighton hill, overlooking New York bay, destroyed by fire: loss $250,000. Obituary: Sir Lewis Morris, English poet, in London: aged 74. Miscellaneous: Isaac Dexter Marshall, well known newspaper man. died in New York city: aged 53. Queen Helena of Italy gave birth to a daughter. W. F. Shiebler. a White House telegrapher in 1865, who witnessed the assassination of Lincoln and who received the first Atlantic cable message, died in Brooklyn. 14. Political: The third Russian douma opened in St. Petersburg. 16. Obituary: Rev. Dr. Moncure D. Conway. noted American author, in Paris; aged 75. Political: President Roosevelt signed the proclamation admitting the territories of Oklahoma and Indian Territory jointly as one of the American states. Sporting Yale defeated Princeton at football, 12 to 10, at New Haven; Dartmouth scored 22 to Harvard's 0 at Cambridge. 17. Obituary: Admiral Sir Francis McClinton, noted arctic explorer, who discovered the fate of Sir John Franklin, in London: aged 88. 19. Conventions: The National Municipal league convened at Providence. The American Civic association met in Providence. Annual meeting of the transmississippi commercial congress at Muskogee, Okla. Fire: At Peorla. Ill.: loss of $300,000 in the business district. 22. Convention: 36th international convention of the Y. M. C. A. of North America at Washington. 23. Obituary: Prof. Asaph Hall. well known American astronomer, formerly in the government service, at An napolis: aged 78. Sporting: Yale scored 12 to Harvard's0 in the annual football contest at Cambridge. 24. Obituary: Gen. Sir Henry Edward Colville, an English officer prominent in the Boer war, killed in an auto ac. cident in London. 28. Obituary: Richard Castro, Mexico's most noted musical composer, in the City of Mexico: aged 29. Sporting: Pennsylvania defeated Cornell. 12 to 4. at football in Philadelphia. 80. Obituary: Dr. George F. Shrady, noted surgeon and medical author who attended Gen. Grant in his last illness in New York city aged 70. Sporting: The navy beat the army. 6 to 0. at football in Philadelphia. Jamestown Exposition: The exposition officially closed.

14. January 1, 1908 The Bemidji Daily Pioneer Bemidji, MN

Article from The Bemidji Daily Pioneer, January 1, 1908

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27. Fire: Loss of $300,000 by flames at Nome, Wash. Sporting: The Carlisle Indians defeated Pennsylvania at football, 26 to 6, on Franklin field. Cornell beat Princeton, 6 to 5, at Ithaca. 28. Convention: 1st international aeronautical congress opened in New York city. 29. Sporting: Edward Payson Weston, long distance pedestrian, started from Portland to walk to Chicago, distance of 1,236 miles. 30. Financial Troubles: Kessler & Co., Wall street bankers, failed owing $1,000,000. Russia: The mutinous crews of three Russian destroyers vanquished in a hot battle with loyal ships at Vladivostok, NOVEMBER. 1. Fire: At Brocton, N. Y.; loss of $250,000 by the burning of Ryckmans' wine cellars. 2. Sporting: Princeton defeated the Carlisle Indians at football, 16 to 0, in New York. 6. Accidents: 10 killed and 30 injured by a boiler explosion on board the German schoolship Blucher at Kiel. 5 killed and 3 injured by a boiler explosion at Steubenville, O. Obituaries: Don Diego Barros Arana, eminent Chilean historian and educator, known as South America's "grand old man," at Santiago; aged 77. Gen. T. E. Ross. U. S. A., retired, who led the famous tunnel escape of Federal prisoners from Libby prison, Richmond, in 1864, in Washington; aged 77. Financial Troubles: The Arnold Print works at North Adams, Mass., placed in a receiver's hands. 7. Miscellaneous: The British battleship Superb, an improved Dreadnought, launched at Newcastle, England. 10 persons killed by a powder car explosion near Naco, Ariz. 8. Fire: At Superior, Wis.; loss of $2,250,000 by the burning of Elevator A and other business properties. 9. Sporting: The Carlisle Indians defeated Harvard at football, 23 to 15, at Boston. 11. Obituary: Mrs. Augustin Daly, widow of the founder of Daly's theater, in New York city. Conventions: The American Federation of Labor met in its 27th annual session at the Jamestown exposition. American mining congress met at Joplin, Mo. Personal: Emperor William of Germany arrived in London on a friendly visit to King Edward VII. 12. Fires: 6 lives lost by the burning of the Hotel Garde at New Haven, Conn. The Hotel Castleton, on New Brighton hill, overlooking New York bay, destroyed by fire; loss $250,000. Obituary: Sir Lewis Morris, English poet, in London; aged.74.

15. January 7, 1908 The Durham Recorder Durham, Hillsboro, NC

Article from The Durham Recorder, January 7, 1908

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Pennsylvania at football, 26 to 6, on Franklin field. Cornell beat Princeton, 6 to 5. at Ithaca. 28. Convention: 1st international aeronautical congress opened in New York city. 29. Sporting: Edward Payson Weston. tong distance pedestrian. started from Portland to walk to Chicago. distance of 1,236 miles. 30. Financial Troubles: Kessler & Co., Wall street bankers. failed owing $1.009.000. Rursia: The mutinous crews of three Russian destroyers vanquished in a hot battle with loyal ships at Viadivostok. NOVEMBER. 1. Fire: At Brocton. N. Y.: loss of $250,000 by the burning of Ryckmans' wine cellars 2. Sp rting: Princeton defeated the Carliste Indians at football, 16 to 0. in New York. 6. Accidents: 10 killed and 30 injured by a boiler explosion on board the German schoolship Blucher at Kiel. 5 killed and 3 injured by a boiler explesion at Steubenville, O. Obituaries: Don Diego Barros Arana, eminent Chilean historian and educator, known as South America's "grand old man," at Santiago: aged 77. Gen. T. E. Ross. U. S. A., retired. who led the famous tunnel escape of Federal prisoners from Libby prison, Richmond. in 1S64, in Washington; aged 77. Financial Troubles: The Arnold Print works at North Adams. Mass., placed in a receiver's hands. 7. Miscellaneous: The British battleship Superb, an improved Dreadnought, launched at Newcastle. England. 10 persons killed by a powder car explosion near Naco. Ariz. 8. Fire: At Superior, Wis.: loss of $2.250.000 by the burning of Elevator A and other business properties. 9. Sporting: The Carlisle Indians defeated Harvard at football, 23 to 15, at Boston. 11. Obituary: Mrs. Augustin Daly. widow of the founder of Daly's theater, in New York city. Conventions: The American Federation of Labor met in its 27th annual session at the Jamestown exposition. American mining congress met at Joplin, Mo. Personal: Emperor William of Germany arrived in London on a friendly visit to King Edward VII. 12. Fires: 6 lives lost by the burning of the Hotel Garde at New Haven. Conn. The Hotel Castleton. on New Brighton hill. overlooking New York bay. destroyed by fire: loss $250.000. Obituary: Sir Lewis Morris. English poet. in London: aged 74. Miscellaneous: Isaac Dexter Marshall, well known newspaper man, died in New York city: aged 53. Queen Helena of Italy gave birth to a daughter. W. F. Shiebler, a White House telegrapher in 1865. who witnessed the assassination of Lincoln and who received the first Atlantic cable message, died in Brooklyn. 14. Political: The third Russian douma opened in St. Petersburg. 16. Obituary: Rev. Dr. Moneure D. Conway. noted American author, in Paris: aged 75. Political: President Roosevelt signed the proclamation admitting the territories of Oklahoma and Indian Territory jointly as one of the American states. Sporting: Yale defeated Princeton at football. 12 to 10. at New Haven: Dartmouth scored 22 to Harvard's 0 at Cambridge. 17. Obituary: Admiral Sir Francis MeClinton. noted aretic explorer, who discovered the fate of Sir John FrankNo. in London: aged 88. 19. Conventions: The National Municipal lengue convened at Providence. The American Civie association met in Providence. Annual meeting of the transmississippi commercial congress at Muskogee. Okla. Fire: At Peoria. III.: loss of $300,000 In the business district. 22. Convention: 26th international convention of the Y. M. C. A. of North America at Washington. 23. Obituary: Prof. Asaph Hall, well known American astronomer. formerly in the government service, at Annapolis: aged 78. Sporting: Yale scored 12 to Hervard's in the annual football contest at Cambridge. 24. Obituary: Gen. Sir Henry Edward Colville. an English officer prominent In the Boer war. killed in an auto accident in London. 28. Obituary: Richard Castro. Mexico's most noted musical composer. in the City of Mexico: aged 29. Sporting: Pennsylvania defeated Cornell. 12 to 4. at football In Philadelphia. 80. Obituary: Dr. George F. Shrady. noted surgeon and medical author who attended Gen. Grant in his last illness, in New York city: aged 70. Sporting: The navy beat the army. 6 to e. at football in Philadelphia Jamestown Exposition: The exposition officially closed.

16. January 24, 1908 Washington Standard Olympia, WA

Article from Washington Standard, January 24, 1908

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AUGUST 14. The Pope Manufacturing Co., maintaining several plants throughout the country, falled for $22,500,000. 17. Curtiss. Leggett & Co., manufacturers of shirts. etc., falled in Troy, N. Y.; liabilities $1,100,000. 21. The Oregon Trust and Savings bank of Portland, Ore., placed in the hands of a receiver. SEPTEMBER 5. Watson & Co., stock exchange brokers In New York and Chicago, failed for $3,000,000. OCTOBER. 16. Collapse of United Copper stock in Wall street. 18. As a result of the collapse of copper stock in Wall street the New York clearing house compelled the Mercantile National bank of New York to reorganize. 22. The Knickerbocker Trust Co. of New York suspended payment; liabilities $70,000,000. Meyer & Co., stock exchange brokers, falled in New York owing $6,000,000. 23. The secretary of treasury deposited $25,000,000 in New York city to relleve the money stress. 3 Westinghouse companies put in a recelver's hands in Pittsburg: liabilities $47,000,000. 24. 3 small banks in New York city suspended. The government deposited a second $25.000,000 in New York banks to restore confidence in the money market. 30. Kessler & Co., Wall street bankers, falled owing $1,000,000. DECEMBER 3. Chelsea Savings bank of Chelsea, Mich., closed its doors by order of the state treasurer. 6. The National Bank of Commerce, Kansas City, Mo., closed its doors. 7. The Whitney - Stephenson Co. and Whitney, Stephenson & Co., brokerage firms, falled In Pittsburg. with liabilities estimated at $10,000,000.