17364. Reserve Trust Company (Cleveland, OH)

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: May 14, 1908
Location: Cleveland, Ohio (41.499, -81.695)

Metadata

Model: gpt-5-mini
Short Digest: af45bf62

Response Measures

None

Description

Multiple contemporaneous newspaper accounts (May 14–15, 1908) report the Reserve Trust Company of Cleveland made an assignment to the Superior Savings & Trust Co. because of inability to realize on loans; depositors were said likely to be paid. The articles describe an assignment/closing (i.e., suspension leading to permanent closure/assignment). Separate articles mention a run on the American Savings Bank (different institution) — that run is not for the Reserve Trust Company.

Events (3)

1. May 14, 1908 Other

Newspaper Excerpt: The Reserve Trust Company has made an assignment to the Superior Savings and Trust Company for benefit of creditors. It is the belief of the officers ... that the assets are sufficient to pay the depositors in full. (notice posted at entrance).
Source: newspapers

2. May 14, 1908 Receivership

Newspaper Excerpt: The Reserve Trust Company made an assignment today to the Superior Savings & Trust Company. The liabilities of the concern are about $2,700,000.
Source: newspapers

3. May 14, 1908 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Inability to realize on outstanding loans precipitated the assignment/closing.
Newspaper Excerpt: The Reserve Trust Company made an assignment today to the Superior Savings and Trust Company. The liabilities of the concern are about $2,700,000.
Source: newspapers

Newspaper Articles (21)

1. May 14, 1908 Evening Star Washington, DC

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TRUST COMPANY FAILS LIABILITIES OF CLEVELAND CONCERN OVER TWO MILLION. CLEVELAND, Ohio, May 14.-The Reserve Trust Company made an assignment today to the Superior Savings and Trust Company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The capital and surplus of the bank is $300,000. Adam Graham is president and William N. Perrin secretary and treasurer. The latter was formerly a director in the Ohio Trust Company of Norwalk, Ohio, which closed its doors in January last. Notice Posted. The following notice was posted at the entrance of the Reserve Trust Company today: "The Reserve Trust Company has made an assignment to the Superior Savings and Trust Company for benefit of creditors. It is the belief of the officers of the Reserve Trust Company that the assets are sufficient to pay the depositors in full. A further statement will be made by the assignees as soon as an examination of the books and assets of the Reserve Trust Company has been completed." The American Savings Bank, a small concern, closed its doors this afternoon, following a run of withdrawals. It was stated that an attempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened very soon. The capital of the bank is $30,000. It has deposits amounting to about $300,000. Its president is T. Epstein. The refusal of this clearing house representative to clear for the concern today is said to have led to the closing of its doors.

2. May 15, 1908 The Marion Daily Mirror Marion, OH

Article from The Marion Daily Mirror, May 15, 1908

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Two Cleveland Banks Fail. Cleveland, May 15. - Sudden demands for cash caused the Reserve Trust Co. to close its doors Thursday morning, but positive assurances are given by its officers that the depositors will get every dollar and there will be something left for the stockholders. The Superior Savings and Trust Co. was made assignee. A short time later the papers were filed in insolvency court along with a statement of the assets and liabilities, which balance at $2,694,574. Thursday afternoon the American Savings bank suspended payment. It is said that the Cleveland Trust Co. will take charge of the American bank and the latter will resume business Friday.

3. May 15, 1908 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, May 15, 1908

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LIABILITIES $2,700,000. Reserve Trust Company of Cleveland Makes Assignment. Cleveland, May 15.-The Reserve Trust company has made an assignment to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The capital and surplus of the bank is $300,000. Adam Graham is president and William N. Perrin secretary and treasurer. The latter was formerly a director in the Ohio Trust company of Norwalk, O., which closed its doors in January last. The following notice was posted at the entrance of the Reserve Trust company: "The Reserve Trust company has made an assignment to the Superior Savings and Trust company for the benefit of creditors. It is the belief of the officers of the Reserve Trust company that the assets are sufficient to pay the depositors in full. A further statement will be made by the assignees as soon as an examination of the books and assets of the Reserve Trust company has been completed." The American Savings bank, a small concern, closed its doors following a run of withdrawals. It was stated that an attempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened very soon. The capital of the bank is $50,000. It has deposits amounting to about $300,000.

4. May 15, 1908 New-York Tribune New York, NY

Article from New-York Tribune, May 15, 1908

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TWO BANKS IN CLEVELAND CLOSE. Cleveland, May 14.-The Reserve Trust Company assigned to-day to the Superior Savings and Trust Company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have caused the failure. Officers of the bank say depositors will be paid in full. The capital and surplus of the bank are $30,000. Adam Graham is president and William N. Perrin secretary and treasurer. The latter was formerly & director in the Ohio Trust Company, of Norwalk, Ohio, which closed its doors in January last. The American Savings Bank closed its doors this afternoon, following a run of withdrawals. The capital of the bank is $50,000. It has deposits amounting to about $300,000. Its president is T. Epstein. The refusal of its Clearing House representative to clear for the concern to-day is said to have led to the closing of its doors.

5. May 15, 1908 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, May 15, 1908

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FAILURES AT CLEVELAND Reserve Trust Company Assigns and the American Savings Bank Closes Its Doors. Cleveland, O., May 14.-The Reserve Trust company made an assignment today to the Superior Savings & Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the company said depositors will be paid in full. The capital and surplus of the company is $300,000. Adam Graham is president and William T. Perrin secretary and treasurer. The latter was formerly a director in the Ohio Trust company of Norwalk, O., which closed its doors in January last. The American Savings bank, a small concern, closed its doors this afternoon following a run. It has deposits of $300,000.

6. May 15, 1908 The Sun New York, NY

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Two Cleveland Banks Closed. CLEVELAND, May 14.-Following the publication this morning of the failure of two Norwalk, Ohio, banks and of two industrial concerns of that city the Reserve Trust Company of this city this morning filed a deed of assignment. At 1:30 o'clook the American Savings Bank closed, following a run. The Reserve Trust liabilities are put at $2,700,000 and its assets at the same figure. Directors of the American are to-night discussing a plan to merge with another institution.

7. May 15, 1908 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, May 15, 1908

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(Continued Tomorrow.) ANOTHER BANK FAILURE. . Reserve Trust Company of Cleveland Makes Assignment. Cleveland, May 14.-The Reserve Trust Company made an assignment today ot the Superior Savings and Trust Company The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be. paid in full. The capital and surplus of the bank is $60,000. Adam Graham is president and William N. Perry secretary and treasurer. The latter was formerly a director in the Ohio Trust Company, of Norwalk, Ohio, which closed its doors in January last. The following notice was posted at the entrance of the Reserve Trust Company today: "The Reserve Trust Company has made an assignment to the Superior Savings and Trust Company for the benefit of creditors. It is the beltef of the officers of the Reserve Trust Company that the assets are sufficient to pay the depositors in full. A further statement will be made by the assignees as sion as an examination of the books and assets of the Reserve Trust Company has been completed." The American Savings Bank, a small concern. closed its doors this afternoon, following a run of withdrawals. It was stated that an attempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened soon. The capital of the bank is $50,000. It has deposits amounting to about $300,000. Its president is T. Epstein.

8. May 16, 1908 The Bennington Evening Banner Bennington, VT

Article from The Bennington Evening Banner, May 16, 1908

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CLEVELAND BANKS SUSPEND Reserve Trust Company Has Liabilities of $2,700,000 Cleveland, May 15.-The Reserve Trust company made an assignment yesterday to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The American Savings bank, a small concern, closed its doors this afternoon following a run of withdrawals. The capital is $50,000 and deposits amount to about $300,000. The refusal of its clearing house representative to clear for the concern today is said to have caused the closing.

9. May 16, 1908 Morris Tribune Morris, MN

Article from Morris Tribune, May 16, 1908

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10. May 22, 1908 The Lee County Journal Leesburg, GA

Article from The Lee County Journal, May 22, 1908

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LATE NEWS NOTES. General. It is announced that a new revenue division has been formed embracing South Carolina. Eastern Georgia and Florida with Revenue Agent E. W. Screven in charge with headquarters at Columbia, S. C. Notices of twenty-two contests have been received by the republican national committee in Chicago in adarrangements. vance of the sub-committee's report on According to reports compiled by the public service commission of New York there were in April 4,707 accidents upon the street railways, subjurisdiction. ways and elevated. roads within its Plans are under way for extension of the Alaskan service of the United States signal corps call for the installation of new wireless stations at Nome, Fort Gibson, Fort Egbert, Wrangel and Petersburg Cannery. A 2 1-2 per cent quarterly dividend has been declared by the directors of the Union Pacific. Also 1 1-2 per cent on Southern Pacific common and 3 1-2 per cent semi-annual Southern Pacific has been declared. Judge McCuenon, in the court at Kansas City, has appointed William Barton, a local business man, receiver for the Great Western Insurance company agency. Miss Raphilla Burgroff of Los Angeles, Cal., took thirty of her Sunday school pupils on a picnic. They ate castor shrub by mistake and she is dead and several of her pupils are expected to die. Americans in Mexico City are waging a campaign against the sale of liquor on July 4. It is the most unique campaign ever instituted in the city. An election will be held and a "wet" and "dry" ticket will be put out to decide the question. At Richmond, Va., claiming that the man had invaded his home, W. C. Butler, a special watchman for the Chesapeake and Ohio railway, shot and killed J. J. Hairfield, a carpenter. With liabilities of $2,700,000. the Reserve Trust company at Cleveland, O., failed to open its doors Friday. An assignment has been filed to the Superior Savings and Trust company. Three little children of Joseph Ottuse at Passaic, N. J,, were burned to death in a tenement fire. Mrs. Louise Paci. who lived in the same apartments jumped from a window and was badly hurt. Guy S. Stratton, a wealthy lumberman of Seattle, Wash., has been found guilty of murder in the second degree for killing a 5-year-old girl. The child was run down by Stratton's automobile. The Manila military authorities will surrender Beacham, the Stoleanberg murderer, to the civil authorities, who will put him on trial for murder. The Southern Baptist convention put itself squarely on record on the whisky question at Hot Springs, Monday morning. A resolution was adopted by a unanimous vote, calling on the government not to issue any more liquor permits for prohibition states. Professor J. H. Coyner, at one time president of colleges in Salt Lake City and Los Angeles, Cal., and who has lectured in all parts of the United States against Mormonism. died at Hopkinsville, Ky., Monday. He was 70 years old. Weshinuton

11. August 26, 1908 The Marion Daily Mirror Marion, OH

Article from The Marion Daily Mirror, August 26, 1908

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Shortage Is About $250,000. Cleveland, Aug. 26.-The inventory and appraisal of the Reserve Trust Co.'s property was filed in insolvency court Tuesday by the Superior Savings & Trust Co., to which the Reserve assigned. The liabilities are given as $2,173,495; the assets, $1,921,565. The shortage foots up about $250,000. The Superior Savings & Trust Co. hopes to reduce it. The officers say the appraisal is quite low.

12. 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

13. 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.

14. 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.

15. January 8, 1909 The Montgomery Tribune Montgomery City, MO

Article from The Montgomery Tribune, 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. -Chicago Great Western railroad JOHN placed in hands of receivers. 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, $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 decision unanimously reversed by United States court of appeals at ChiAug. cago. 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. 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.

16. 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.

17. 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.

18. January 8, 1909 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, January 8, 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-N: ional Bank of North America, New Yor: 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-Kosciusko 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 Oil $29,240,000 flue 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 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. 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 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.

20. January 8, 1909 The Farmington Times Farmington, MO

Article from The Farmington Times, January 8, 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, falled 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 declstep unanimously reversed by United States court of appeals at Chiengo. 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. 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.

21. January 13, 1909 Barbour County Index Medicine Lodge, KS

Article from Barbour County Index, January 13, 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 tr:al; 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-Kosciusko 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 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 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. 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.