16164. Delmont National Bank (Delmont, PA)

View Charter #5837 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5837
Charter Number
5837
Start Date
May 2, 1906
Location
Delmont, Pennsylvania (40.413, -79.570)

Metadata

Model
gpt-5-mini
Short Digest
681f6f5f62689f06

Response Measures

None

Receivership Details

Depositor recovery rate
87.0%
Date receivership started
1906-05-02
Date receivership terminated
1910-03-31
OCC cause of failure
Fraud
Share of assets assessed as good
50.6%
Share of assets assessed as doubtful
43.3%
Share of assets assessed as worthless
6.1%

Description

Multiple contemporaneous newspaper accounts (early May 1906) report the Delmont National Bank in Delmont, Westmoreland County, PA, was closed by the U.S. National Bank Examiner (Comptroller's action) on May 2, 1906. Articles state the affairs were in bad shape, a permanent receiver would be named, and arrests/sensational disclosures were expected. No run is described; closure was by examiner/government action and a receiver was to be appointed, so classify as suspension leading to closure/receivership.

Events (5)
1. May 28, 1901 Chartered
Source
historical_nic
2. May 2, 1906 Receivership
Source
historical_nic
3. May 2, 1906 Suspension
Cause
Government Action
Cause Details
Closed by the United States National Bank Examiner / at the instance of the Comptroller of the Currency (examiner ordered closure).
Newspaper Excerpt
The Delmont National Bank, at Delmont, Westmoreland County, was closed to-day by the United States Bank Examiner.
Source
newspapers
4. May 3, 1906 Receivership
Newspaper Excerpt
A permanent receiver for the bank will be named within a few days. Receiver for American Reserve Bond Co., St. Louis, appointed. (reports indicate receiver to be named for Delmont National Bank).
Source
newspapers
5. May 5, 1906 Other
Newspaper Excerpt
The affairs of the Delmont National Bank ... are in very bad shape. A partial examination of the books reveals the fact that the bank has been looted and wrecked and arrests and sensational disclosures are expected.
Source
newspapers

Newspaper Articles (16)
1. May 3, 1906 New-York Tribune New York, NY
Article from New-York Tribune, May 3, 1906

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Article Text

NATIONAL BANK CLOSED. President, a Well Known Pittsburg Lawyer, Missing. (By Telegraph to The Tribune.] Pittsburg, May 2.-The Delmont National Bank, at Delmont, Westmoreland County, was closed to-day by the United States Bank Examiner. At Harrisburg a receiver was appointed for the Monongahela Valley Bank of Duquesne. Joseph R. McQuaide, a Pittsburg lawyer, is president of the Delmont bank and vicepresident of the Monongahela Valley Bank. He left this city on Tuesday of last week, saying he was going to Chicago. He has not been heard of since. The affairs of the Monongahela Valley Bank were in process of liquidation. A representative of the State Banking Department has had charge for the last two months. McQuaide made an assignment for the benefit of creditors several weeks ago. It is said the depositors of both institutions will be paid in full.

2. May 3, 1906 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, May 3, 1906

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Article Text

Two Banks Go Under. PITTSBURG. May 3.-National Bank Examiner Cunningham closed the Delmont National bank of Delmont, Westmoreland county, Pa., and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver for the Monongahela Valley bank of Duquesne.

3. May 3, 1906 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, May 3, 1906

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Article Text

Two Banks Go Under. PITTSBURG. May 3.-National Bank Examiner Cunningham closed the Delmont National bank of Delmont, Westmoreland county. Pa., and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver for the Monongahela Valley bank of Duquesne.

4. May 4, 1906 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, May 4, 1906

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Article Text

BANK CLOSED Receiver Appointed for the Delmont National Bank. of Delmont, W. Va. Pittsburg, Pa., May 2.-National Bank Examiner Cunningham today closed the Delmont National Bank, of Delmont, Westmoreland county, Pennsylvania, and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver of the Monongahela Valley Bank of Duquesne. James McQuade, an attorney of this city. who recently made an assignment of an amusement enterprise, was president of the Delmont and vice president of the Monongahela Valley Bank. He is absent from the city. The Delmont bank has a capital stock of $25,000 and deposits of about $75,000. The Monongahela Valley Bank had a capital stock of $50,000

5. May 5, 1906 Democratic Messenger Snow Hill, MD
Article from Democratic Messenger, May 5, 1906

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Article Text

TWO BANKS CLOSED Two Institutions of James McQuaide Said to Be Insolvent. Pittsburg, May 3.-At the instance of the comptroller of the currency, National Bank Examiner John B. Cunningham closed the Delmont National Bank at Delmont, Westmoreland county. Pa., of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for the appointment of a receiver for the Monongahela Valley Bank of Duquesne, which is alleged to be insolvent. Mr. McQuaide is vice president of the Monongahela bank, and also has been conducting a chain of amusement enterprises about the country which consist mainly of merry-go-rounds. He made an assignment recently for the benefit of his creditors. with the Mercantile Trust company of this city as assignees. The Delmont bank has a capital stock of $25,000 and deposits of about $75,000. The Monongahela Valley Bank had a capital stock of $50,000. The only cause assigned for the ac. tion of the comptroller of the currency is that Mr. McQuaide is absent from the city. It was announced that he went to Chicago a week ago.

6. May 6, 1906 The Sun New York, NY
Article from The Sun, May 6, 1906

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Article Text

DELMONT BANK WAS WRECKED. / Missing President Is Sought to Tell Who Was Responsible. PITTSBURG, May 5. - The affairs of the Delmont National Bank at Delmont, which failed this week, are in very bad shape. A partial examination of the books reveals the fact that the bank has been looted and wrecked and arrests and sensational disclosures are expected. It is said that Joseph R. MoQuaide, the missing president of the bank, is not wanted for having wrecked the institution, but that if be is found he will be asked to explain who did the looting, as it is believed that he knows. A complete examination of the books will be made within a week and submitted to Washington. There is no intimation as to the identity of the guilty parties, but McQuaide's friends declare that he is not guilty. They admit that they do not know his present whereabouts. which is causing them a great deal of concern. His son to-day declared that none of the members of the family has the slightest idea where be is. It is believed that he is in hiding, trying to cover up the crookedness of other persons. A permanent receiver for the bank will be named within a few days.

7. May 7, 1906 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, May 7, 1906

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Article Text

News of the Day men in Missouri with his 41 years Two exchanging swapped old, wives, old, one five children, for a woman 21 years with e child. force of 1,000 Zulus recently atBritish column near the grave Sixty Zulus were lacked A Cotewayo. 8 wounded. killed of and the British had three men Rev. I. R. B. Arnold, pastor of John Rocketeller's church in Cleveland, for D. his wife, who deserted him, divorce. is suing He was not religious enough for her. The Traders' Insura nce Company, hands of Chicago, has been forced into the fire, receiver by the San Francisco of its a losses exceeding its total assests by $500,000 General debate on the naval appropri- havation bill ended Saturday, speeches the been made both for and against committee's ing programme and on general campaign topics. It is estimated that the shrinkage earth- in since the San Francisco quake stocks and fire amounts to $900,000,000, the or three times as much as the loss in Golden Gate City. Excitement was created by the arrest of Saturday of Bishop J. J. Jolly, head settlement in Big Horn county, Wyo., susof a 5,000 Mormons, on a charge of taining bigamous relations. The Czar, in 8 public rescript acceptPremier Witte's resignation, praises ing his work and con'ers upon him decorations. In retiring Minister Durnovo similar compliments were paid. Mr. William H. Appold, senior memof the firm of Appold Bros., wholesale ber dealers in leather, in Baltimore, died suddenly Saturday of acute Bright's disease at his office, 10 and 12 Caiverton road. Thadeus Burch, who went to Long his Branch from Virginia in search of me: who left him some time ago, en the street last the wife, woman night, dead. and, He after a few words, shot her was arrested, and declared his love for his wife impelled the deed. The affairs of the Delmont National Bank at Delmont, Pa., which failed last week, are in very bad shape. A partial the of the books reveals the bank has been examination tact that sensational looted and wrecked, and arrests and disclosures are expected. Two colored men Saturday night about 11 o'clock entered the jewelry W. store of James Feaster, of Piedmont, Va, bound and gagged Mr. Feaster the and his clerk, and then robbed money drawer, the men securing diamond $97 in notes and some small change, a ring and a gold watch and chain. Coroner Walsh, of San Francisco, the list of victims of fire and yesterday Gen. Greely that the after Maj. revising earthquake, total office, informed num- were ber of cases, handled by his 319, of which 184 were identified. This report shows thirty-nine fewer casualties than given by a previous count. The validity of at least one half of acts of the last two general assemhas been raised by some the the plies of lawyers. It is said that when a measure under suspension of heiules, which was passe permitted constitution, is by the did great many of the measures not contain the emergency which to the validity of a is essential clause the act. Portland Saturday night United District Attorney, made the names of States In public W. 21 land C. persons Bristol fraud whom a government was returned by a which ended against indictment grand jory, its bearings federal inyesterday and was discharged The dictment, charges conspiracy to secure in 200,000 acres of fine timber land Crook, Lake and Klamath counties. A congressional committee is considering a proposition to change the design circuof the small bronze cent now in lation in the United States. The present design was adopted by Congress in 1864, and the now under to the use of a new looks plan metal, consideration either the nickel or aluminum, to take of that now in use, is 95 cent. and 5 per cent. place pure per copper which zinc. Edwin William Clark, a retired cotton broker and a former member of the New York Cotton Exchange, committed morning in his apart at the Hotel Marseille, York, suicide ments yesterday New with shooting himself in the head revolver. He died before his wife could reach him. Mr. Clark was sixty-four year-ol and was native of New York. He retired from business some years ago. For a long time Mr. Clark had been a sufferer from Bright's disease The results thus far announced in the in general parliamentary elections France which were held yesterday show few changes in the Chamber, most of the former deputies being re-elected, but ap extraordinary number of second ballots will be necessary in Paris. The present ballot gives the opposion a majority; but the second ballot. which will be taken May 20, is expected to reproduce the results of the 1902 election, when the representation of the capital was equally divided. Nevertheless, the government has gained one seat. While Vice Admiral Doubassoff, governor general of Moscow, was returning afternoon to his residence in the from a church service in commemof the name a man threw a bomb at yesterday oration city young Czarina's him day, The missile exploded and injured one of the

8. May 9, 1906 The Forest Republican Tionesta, PA
Article from The Forest Republican, May 9, 1906

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Article Text

DELMONT BANK WAS WRECKED. Missing President Is Sought to Tell Who Was Responsible. Pittsburg, May 7.-The affairs of the Delmont National bank at Delmont, which failed last week, are in very bad shape. A partial examination of the books reveals the fact that the bank has been looted and wrecked and arrests and sensational disclosures are expected. It is said that Joseph R. McQuaide, the missing president of the bank, is not wanted for having wrecked the institution, but that if he is found he will be asked to explain who did the looting, as it is believed that he knows. A complete examination of the books will be made within a week and submitted to Washington. There is no intimation as to the identity of the guilty parties, but McQuaide's friends declare that he is not guilty. They admit that they do not know his present whereabouts, which is causing them a great deal of concern. His son declared that none of the members of the family has the slightest idea where he is. It is, believed that he is hiding, trying to cover up the crookedness of other persons. A permanent receiver for the bank will be named within a few days.

9. January 3, 1907 River Falls Journal River Falls, WI
Article from River Falls Journal, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh,* president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20--Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

10. January 3, 1907 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago: liabilities, $400,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities, $110,000; assets. $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester, and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

11. January 3, 1907 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III, assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Fa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closéd as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.

12. January 3, 1907 Morgan County Republican Versailles, MO
Article from Morgan County Republican, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. Feb. 8.-Boliver County Bank Cleveland, Miss.: liabilities, $110.000; assets, $130,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Roserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash.

13. January 4, 1907 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets.

14. January 4, 1907 The La Jara Chronicle La Jara, CO
Article from The La Jara Chronicle, January 4, 1907

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BUSINESS FAILURES Jan. 14-Parsons. Snyder & Co., Cleveland, O.: liabilities. $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities. $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands. Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Waish, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000: assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Tels. Smith & Co., bankers, Pekin. III.; liabilities. $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield. la., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster. Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph. III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg. Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

15. January 10, 1907 The Idaho Recorder Salmon, ID
Article from The Idaho Recorder, January 10, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: Habilities, $150,000. 18-G. 8. McReynolds & Co., Chicago: liabilities, $400.000. Feb. &-Boliver County Bank, Cleveland. Miss.: liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. N-Cash Buyers' Union, Chicago, placed in receiver's hands. Williamson Libbey Lumber Co., Oshkosh, Wis.: liabillties, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, III., assigns; liabilities, $30,000; assets. $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. 34-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed. Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston. failed: liabilities. $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner: liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chiengo closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business: liabilities, $7,000,000. Sep. 20-Bates National bank. of Butler. Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, L T., closed on account of slow collections and inability to.realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest. suspends. 17-Lincoln bank of Morton Park. suburb of Chicago, fails.

16. January 12, 1907 The Monte Vista Journal Monte Vista, CO
Article from The Monte Vista Journal, January 12, 1907

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BUSINESS FAILURES Jan. 4-Parsons. Snyder & Co., Cleveland, O.: liabilities, $150,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities, $110.000; assets, $130,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark owing depositors $80,000. 2-Walsh president defunct Chicago National bank. arrested on charge of falsifying reports. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Tels, Smith & Co., bankers. Pekin, III.; liabilities, $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis. appointed. Jun. 18-Farmers' State bank of Clearfield, 1a., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank. Chicago, closed by state bank examiner; liabilities, $4,000,000. 28 -Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000 Sep. 20-Bates National bank. of Butler, Mo., closed by directors -Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchéster and Bardolph, 111., closed for lack of ready cash.