b95dc59aFull suspension, Books examined
Other: Receiver appointed; liquidation planned
Click image to open full size in new tab
BANK SUSPENDS After Columbus Cleaning House Association Investigates Affairs. COLUMBUS, O., Dec. 4-Examiners today took possession of the Union National Bank here and the board of directors passed a resolution of suspension. Saturday the Columbus Clearing House Association appointed a committee to investigate, and on its report the directors determined to act. The bank has a capital of $750,000, a reserve of $100,000 and deposits of $2,000,000.
Click image to open full size in new tab
(By Associated Press.) Columbus, Ohio, Dec. 4.-The Union National Bank suspended today by a resolution of the Board of Directors. The bank is now in the hands of the Comptroller of the Currency. It is not believed the suspension will atfeet the financial situation. The
Click image to open full size in new tab
COLUMBUS BANK IN TROUBLE TO-DAY Union National Bank of the Ohio City Suspended To-day and Is Now in Hands of the Comptroller of the Currency. Columbus, O., Dec. 4.-The Union National bank of this city to-day posted a notice of suspension by the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency. It is not thought that the closing of the bank will have any effect on the local financial situation. The capital stock of the Union National bank is $750,000, and its surplus is $100,000. It is estimated that the deposits of the institution approach $2,000,000.
Click image to open full size in new tab
Columbus, 0., Bank Suspends Business COLUMBUS. O., Dec. 4.-The Union National bank today posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency, As the action of the directors had been expected it is not thought the closing of the bank will have any effect on the local financial situation. The capital stock of the bank was $750,000, its surplus $100,000 and it is estimated that its deposits approximated $2,000.000. WASHINGTON Dec. 4.-The failure of the Columbus Union National bank involved a possible loss of about $860,000. according to reports to the comptroller of the currency. Assets to that extent covering the institution's capital, surplus and undivided profits appeared to be of questionable value
Click image to open full size in new tab
COLUMBUS, OHIO. BANK SUSPENDS PAYMENTS Columbus, Ohio, Dec. 4.-The Union National bank today posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is ECW in the hands of the controler of the currency. The failure is said to involve a possible loss of $860,000.
Click image to open full size in new tab
THIRD AVENUE NEXT. With the ordinances for the paving of Fourth avenue and of Twentieth street well under way, the Second avenue proposition will secure the attention of the board. As soon as It has gone to the courts, the matter of repaving Third avenue will be taken up. When the business section has been cared for, the residence section streets will be given consideration. Efforts will be made to begin most of the repaving as soon as possible in the spring and complete the greater part of it before winter sets in. Columbus Bank Suspends. Columbus, Ohio, Dec. 4.-The Union National bank suspended today. The capital is $750,000 and deposits $2,000,000.
Click image to open full size in new tab
COLUMBUS BANK FAILS TO OPEN DOORS Columbus, O,, Dec. 4.-The Union National bank, of Columbus, failed to open its doors for business today. Rumors, said to be unfavorable to its business standing, circulated for more than a year, so depleted the bank's deposits that the directors late yesterday adopted a resolution to suspend. National Bank Examiner R. W. Goodhart has (been placed in charge of the bank and will liquidate it. The bank's last report on September 1, showed deposits of $2,374,099. and surplus and undivided profits of $109,209. Its capital was $750,000.
Click image to open full size in new tab
COLUMBUS BANK IS CLOSED TODAY Union National Bank Suspends and is Now in Hands of Comptroller of The Treasury. Columbus, O., Dec. 10.-The Union National bank today posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency. As the action of the directors had been expected it is not thought the closing of the bank will have any effect on the local financial situation. National Bank Examiner Goodhart of Washington has been in Columbus for some time going over the affairs of the bank. Saturday the Columbus Clearing House association appointed a committee of five to inquire into the bank's condition to see if it could extend support. The capital stock of the bank was $750,000, its surplus $100,000, and it is estimated that its deposits approximated $2,000,000.
Click image to open full size in new tab
Columbus, 0., Bank Suspends Business COLUMBUS. O., Dec. 4.-The Union National bank today posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency. As the action of the directors had been expected it is not thought the closing of the bank will have any effect on the local financial situation. The capital stock of the bank was $750,000, its surplus $100,000 and it is estimated that its deposits approximated $2.000,000. WASHINGTON, Dec. 4.-The failure of the Columbus Union National bank involved a possible loss of about $860,000, according to reports to the comptroller of the currency. Assets to that extent covering the institution's capital, surplus and undivided profits appeared to be of questionable value.
Click image to open full size in new tab
Bank Suspends. Columbus. 0., Dec. 5.-The Union National Bank yesterday posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency. There are but a few small individual deposits in the bank, the most of them being large accounts of business houses and the county funds. The capital stock of the Union National Bank was $750,000, its surplus $100.000. and it is estimated that its deposits approximated $2,000,000.
Click image to open full size in new tab
CLOSES Doors Does Union National Bank Of Columbus Columbus, O., Dec. 4-The Union National bank, at High and Spring streets, capital stock $750,000, surplus $100,000 suspended business Monday morning, as a result of a resolution of its board or directors passed Sunday night. The bank is now in the hands of the United States comptroller of the currency.
Click image to open full size in new tab
CONGRESS.-Senate: Senators Gardner and Hoke Smith sworn in: Senator Curtis named as President pro tempore until December 12. House: Representative Littleton repudiated Bryan and defended his attitude in the Steel Trust inquiry; estimates for 1912 show a saving of more than $21,000,000; many radical bills, two affecting the Sherman law, introduced: the opening session was attended more largely than in years; H. B. Martin. of the Anti-Trust League, presented a memorial asking the expulsion of Mr. Littleton. FOREIGN.-The National Council of Persia telegraphed to the American Congress an appeal for aid against Russia. An ex-Minister of Finance of Honduras published a statement accusing the United States of attempting to force the Honduran government last December to sign the Morgan loan agreement under a threat of encouraging the Bonilla revolution. ========================= The Italians reported a victory at Benghazi and another at Derna, with combined losses of 100 as against 1,200 enemy losses. A bomb thrown in a mosque at Istib, Turkey. killed twelve and injured twenty persons. DOMESTIC.-James B. McNamara wrote out his confession for District Attorney Fredericks; the state discovered that another McNamara juror had been tampered with: it was announced that the federal investigation would be pushed with viger. ========================= The United States Supreme Court took under consideration the appeal of the indicted Chicago packers for an interpretation of the criminal clause of the Sherman law. The United States Supreme Court upheld the indictments in the Alaska Suit against coal land fraud cases. the National Cash Register Company, of Dayton. Ohio, was filed in the United States Circuit Court at Cincinnati: the company was charged with being in a conspiracy in restraint of competition. The Union National Bank of Columbus. Ohio, suspended business: the last statement of the bank's condition showed resources aggregating $3.600,300. Several persons. including convicts; were injured and four buildings dynamited before fire which broke out in the state penitentiary at Huntsville, Tex., was extinguished. CITY.-Stocks were dull and irregular. John D. Rockefeller ended his official life of forty-one years in the Standard Oil Company of New Jersey: his brother and Henry M. Flagler also resigned and John D. Archbold became president. The Democratic League issued a call to the voters throughout the state urging the selection of the best men available for the next state convention. in order to wrest control from a "stupid and unscrupulous boss." Walter Drew, chief counsel to the National Erectors' Association, said labor leaders were rushing to tell everything they knew to get immunity. Samuel Gompers declared William J. Burns would go to any length to malign organized labor and that his statements could not be more false. Benjamin J. Duveen, fourth member of the art firm indicted for smuggling, was fined $15,000 by Judge Holt in the United States Court. The prosecution rested in the case of the show girls who shot W. E. D. Stokes. and counsel for the defence said he might ask for an adjournment because of the illness of Mr. Stokes. Gifford Pinchot appeared before the legislative Committee on Conservation and Utilization of Water Supply. Commissioner Edwards, after a tour of inspection of Brooklyn and Manhattan, said the snow removal contractors had the clearing of the streets well in hand and that he expected no trouble, despite
Click image to open full size in new tab
Appointed Bank Receiver. Richard W. Goodhart, national bank examiner and well known in banking circles throughout the country, has been appointed receiver of the Union National Bank, of Columbus, Ohio.
Click image to open full size in new tab
COLUMBUS, OHIO-The Union National bank posted a notice of suspension by a resolution of the board of directors. It was further stated that the bank is now in the hands of the comptroller of the currency. --
Click image to open full size in new tab
Ohio Bank Solvent, but Closes. Columbus, Ohio.-The State bank at Pleasantville has been forced to close .temporarily because of a run resulting from the failure of the Union National bank of Columbus. Bank Examiner Baxter declared the State bank solvent, and said it probably would reopen within a few days.
Click image to open full size in new tab
Ohio Bank Solvent, but Closes. Columbus, Ohio-The State bank at Pleasantville has been forced to close temporarily because of a run resulting from the failure of the Union National bank of Columbus. Bank Examiner Baxter declared the State bank solvent, and said it probably would reopen within a few days.
Click image to open full size in new tab
Bank is Closed by Rumors. The Union national bank of Columbus have decided to close its doors. Rumors unfavorable to its business standing, circulated for more than a year, so depleted the bank's deposits that the directors adopted a resolution to suspend. R. W. Goodhart, national bank examiner, has been placed in charge of the bank and will liquidate it. The bank's last report on Sept. 1 showed deposits of $2,374,099 and surplus and undivided profits of $109,209. Its capital was $750,000. The Union national bank figured in the suits brought by the state in 1909 to recover interest on state money deposited on private accounts by former state treasurers.
Click image to open full size in new tab
Ohio Bank Solvent, but Closes. Columbus, Ohio.-The State bank at Pleasantville has been forced to close temporarily because of a run resulting from the failure of the Union National bank of Columbus. Bank Examiner Baxter declared the State bank solvent, and said it probably would reopen within a few days