17506. First National Bank (Hicksville, OH)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
4867
Charter Number
4867
Start Date
July 2, 1907
Location
Hicksville, Ohio (41.293, -84.762)

Metadata

Model
gpt-5-mini
Short Digest
b3169fb9

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-09-13
Date receivership terminated
1937-08-25
Share of assets assessed as good
63.0%
Share of assets assessed as doubtful
33.5%
Share of assets assessed as worthless
3.5%

Description

Contemporary dispatches (July 2, 1907) report the First National Bank of Hicksville, OH was closed by direction of the Comptroller of the Currency after an examination showed insolvency and a national bank examiner was appointed receiver. A later dispatch (Aug 2, 1907) states the Comptroller authorized reopening after capital was fully restored. No article describes a depositor run; the closure was by government action and the bank subsequently reopened.

Events (5)

1. March 1, 1893 Chartered
Source
historical_nic
2. July 2, 1907 Receivership
Newspaper Excerpt
National Bank Examiner T. C. Thomas has been appointed receiver.
Source
newspapers
3. July 2, 1907 Suspension
Cause
Government Action
Cause Details
Closed by direction of the Comptroller/Controller of the Currency after an examiner's report found the bank insolvent.
Newspaper Excerpt
The First National Bank of Hicksville, Ohio, has been closed by direction of the Controller of the Currency, upon the report of an examination showing the bank to be insolvent.
Source
newspapers
4. August 2, 1907 Reopening
Newspaper Excerpt
The Comptroller of the Currency has authorized the reopening of the doors of the Hicksville, O., First National Bank, which was placed in the hands of a receiver July 2. Its capital stock has been fully restored.
Source
newspapers
5. September 13, 1933 Receivership
Source
historical_nic

Newspaper Articles (19)

Article from New-York Tribune, July 3, 1907

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HICKSVILLE, OHIO, BANK CLOSED. Washington, July 2-The First National Bank of Hicksville, Ohio, has been closeá by direction of the Controller of the Currency, upon the report of an examination showing the bank to be insolvent. 2 C. Thomas, national bank examiner, has been appointed receiver.


Article from Albuquerque Morning Journal, July 3, 1907

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National Bank Insolvent. Washington, July 2.-The First National Bank of Hicksville, Ohio, has been closed by direction of the comptroller of the currency. upon the report of an examination showing the bank to be insolvent. National Bank Examiner Thomas has been appointed receiver.


Article from Evening Star, July 3, 1907

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National Bank Closed. The First National Bank of Hicksville, Ohio, has been closed by direction of the controller of the currency, upon the report of an examination showing the bank to be insolvent, National Bank Examiner T. C. Thomas has been appointed receiver.


Article from Daily Kennebec Journal, July 4, 1907

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# CONDENSED DISPATCHES. The Casino building on the bluff overlooking the James River water front at Newport News, was burned Tuesday. Three hundred miners went on strike Tuesday in the Nipissing mines at Cobalt, Ont. About 50 men remained at work. The trouble arose over a matter of wages. President Roosevelt Tuesday appointed General James B. Aleshire to be quartermaster general of the army with the rank of brigadier general to succeed James F. Humphreys, who will retire. Thomas Breker, 66 years old, of Enfield, N. Y., was frustrated in an attempt to hang himself Tuesday by his heavy beard which acted as a cushion. His wife found him hanging in the barn uncomfortable but safe. Hiram J. Ayers, the inventor of giant powder, died Tuesday at Akron, O., aged 84 years. He manufactured giant powder here in the 40's, drying it on the roof of his workshop. Death was due to the infirmities of old age. The court at Montpelier, France Tuesday denied the petition for the temporary release of Marcelin A. Elbert, and others, of the wine growers committee of Argelliers, arrested as a result of the recent disorders in the South of France. The First National Bank of Hicksville, O., has been closed by direction of the comptroller of the currency, upon the report of an examiner showing the bank to be insolvent. National Bank Examiner T. C. Thomas has been appointed receiver. The option of the city of Philadelphia to take back its gas works from the United Gas Improvement Co., to which it was leased for 30 years, expired at midnight and for the next 20 years the gas company is secure in its possession of the great plant. A sensation occurred at Cettinje, Montenegro, Tuesday by the arrest of 15 officers of the Montenegran army on charges of high treason. It is declared in explanation that the authorities have discovered a military plot against the Tomanavice government. At Tuesday evening's session of the National Institute of Instructions at Montreal, the feature was an address by Owen R. Lovejoy, secretary of the National Child Labor Committee of New York on "Child Labor and the Relations of Premature Employment to Education." The epidemie of typhoid fever in Pittsburg is gradually assuming serious proportions. In June there were 498 new cases. Dr. James F. Edwards, superintendent of the bureau of health, said Tuesday that he believed the increase to be due to the poor water supply. It was announced Tuesday that as a result of recent adverse legislation by the Massachusetts Legislature, the directors of the United Shoe Machinery Co. has drawn a new form of lease for the rental of its machines. The new leases conform to the provisions of the act passed this year. Commander Robert G. Denig, U. S. N., was relieved Tuesday of the command of the department of steam engineering at the navy yard at League Island by Commander J. K. Barton. Commander Denig will become a general inspector, with his principal office at the Midvale steel works. Herr Gruber, Edietor of the Munchener Post, of Muniach, Bavaria, who was sued by Dr. Peters, the African explorer, for calumny in accuing him of cruelty to the natives when he was German imperial commissioner for East Africa in 1891 was Tuesday sentenced to pay a fine of $125 and costs. Fire in the mail car of the Illinois Central Chicago Flyer, leaving Sioux City at 6 P. M. Tuesday destroyed practically the entire contents, two miles west of Cherokee. Nearly 300 pounds of letter mail and 1500 pounds of newspapers were burned. The fire was supposed to have been caused by sparks from the engine. Justice Blanchard Tuesday at New York granted an application of Brainbridge Colsy for an injunction pending the trial of a suit restraining the Equitable Trust Co. and the Mercantile Trust Co, two subsidiary banking institutions of the Equitable Life Assurance Society, from taking any further steps towards completing a proposed merger between the two trust companies. Published reports that 16 battleships of the Atlantic fleet of the United States navy are to be transferred to the Pacific coast because of anti-American feeling in Japan were denied Tuesday by William Loeb, President Roosevelt's secretary. Mr. Loeb says that the report is without foundation, in fact such a move has never been considered by the President and is not contemplated. Judge Edgar Aldrich, of the United States district court at Boston stated Tuesday that he had not yet decided whether to accept the appointment to act as a master to inquire into the mental condition of Mrs. Mary Baker G. Eddy. Judge Aldrich was requested to act by Judge Robert N. Chamberlain of the superior court, of New Hampshire last Friday. He said Tuesday that he was still considering the matter and would not announce his decision until he had seen Judge Chamberlain. Two carloads of giant powder on a side track of the Oregon Shore Line, at Beck's Hot Springs, five miles from Salt Lake City caught fire from burn-


Article from The Red Cloud Chief, July 5, 1907

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TELEGRAMS TERSELY TOLD China has notified the powers of the opening of Manchuria to foreign trade. James H. Ayres, the inventor of giant powder, died at Akron, O., aged eighty-four years. Corporal J. G. Green of the Twelfth United States infantry, who was shot at Holguin, Cuba, by a policeman while resisting arrest, is dead. A big industrial strike has broken out at Palermo, Italy, and 15,000 men have stopped work. The town is occupied by troops and there have been many conflicts. The meeting of the Missouri synod of the Lutheran church adjourned sine die at Milwaukee. The question of amalgamation with the English Lutheran Missouri synod was shelved. The Hotel Belvidere, Baltimpre's most pretentious hostelry, which has been in the hands of receivers for some time past, was sold under an order of the court. The price realized was $1.000,000. The First National bank of Hicksville, O., has been closed by direction of the comptroller of the currency upon the report of an examiner showing the bank to be insolvent. The bank's canital stock was $50,000. The official call for the fifteenth national irrigation congress, to be held at Sacramento, Cal., Sept. 2-7, has been issued. The four great objects of the congress are stated to be "saving the forests, storing the floods, reclaiming the deserts and making homes on the land."


Article from Middlebury Register, July 5, 1907

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Article Text

Receiver For National Bank Washington, July 3.-Tne First National bank of Hicksville, O., has been closed by direction of the comptroller of the currency, upon the report of an examiner showing the bank to be insolvent. National Bank Examiner Thomas has been appointed receiver.


Article from Smyrna Times, July 10, 1907

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A WFEK'S NEWS CONDENSED Tuesday, July 2. Despondent and out of work, Walter L. Latham committed suicide near Ambler, Pa., by drinking poison. One man was killed and a dozen others injured by being struck by a train at the Carnegie steel plant at Youngstown, O. Because Miss Minnie Phatum refused to marry him. Magnus Thompson shot end fatally wounded her and then killed himself, at Blackbrook, Wis. Carl Pohlig, court conductor of the Royal Opera of Stuttgart, has been engaged as conductor of the Philadelphia Orchestra, to succeed the late Fritz Scheel. Wednesday, July 3. Governor Hughes called an extra session of the New York legislature for July 8. The Casino building on the bluff overlooking the James river at Newport News, Va., was destroyed by fire. Loss $16,000. Spontaneous combustion among fireworks caused a fire in Minneapolis which destroyed a four-story building and caused a loss of $150,000. The first national bank of Hicksville, O., has been closed by drection of the comptroller of the currency, and a receiver appointed. Friday, July 5. Rear Admiral Norman V. H. Farquhar, retired, died in Washington of apoplexy. Connie McGeehan, a well-known base ball player, died of tuberculosis at Hazleton, Pa. The plant of the Larrabee Flour Milling company, at Stafford, Kan., was destroyed by fire, entailing a loss of $150,000. Fire destroyed the main building of the Toasted Corn Flakes company's plant, at Battle Creek, Mich., causing a loss of $75,000. Major Chester Harding, of the engineer corps of the army, has been ordered to the Isthmus of Panama to assist Lieutenant Colonel Goethals, the chief engineer. Saturday, July 6. : Two earthquake shocks that shook buildings and rattled windows and dishes were felt at Bismarck, Mo. George E. Roberts, director or the United States mint, was elected presi) dent of the Commercial bank of New York. Charles B. Warring, Ph. D., author of several well known scientific works, died at Poughkepsie, N. Y., aged 82 years. The Fort Dallas National bank of Miami, Fla.. was closed by direction of the comptroller of currency. Liabilities are $808,466. s Distressed by the noises of the Fourth of July celebration, Mrs. Johannel Evert, a widow, hanged herself from a bedpost in her home in Jersey City. C . Monday, July 8. Horse theft sent Albert Boots from Lancaster, Pa., to the penitentiary for five years. Crushed under a crated wagon a the Western Maryland railroad freight . warehouse, at York, Pa., Marsh Ying ling, a trucker, may die. d Three youths, stealing a ride on a freight car entering Boston, were struck by an overhead bridge, killing one and fatally injuring another. I While he was dropping beans in a field near Bellwood, Pa., Ira Shoenfeld good 15 was mysteriously shot in the


Article from Perrysburg Journal, July 12, 1907

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sympathies guise of a Fourth of with July them under most of the ice men in New celebration, American Ice company lumthe abandoned their wagons. wealthy York W. Johnson, a was killed William of Petoskey, Mich., train with berman while racing with a dummy trying to turn he was his his automobile. machine thrown at a under While dangerous the wheels crossing of wrecked the A train. tornado in several western towns Wisconsin and inpartly number of persons. J. jured automobile a driven by William ran down An millionaire brewer, Lincoln park, Fortune, and killed C. A. Cornish in Chicago. the bandit chief Sir of Moroc- Harry Raisuli, Caid Gen. the sultan's co, MacLean, captured commander said he of would hold bodyguard, the and sultain paid governor $200,000 of him appointed of police. Tangier and killed and 32 and until commander Raisuli interurban injured One a man trolley was car on an collided with when near Washington rails. road two cars Edward loaded with has decorated steel Enrico the order. Caruso, King the Italian tenor, with exposition, Victorian riot occurred at the attempt Jamestown of A following an South Carolina Kentucky Path," which and 500 members of "War regiments the resisted. to take atcharge the of the Powhattan guards tempt Several were injured. a restaurproprietors of sued San Japanese bath house have damages Francisco ant. and a for $2,575 for caused by a mob. who shot and Murray, Murray, Octo- to Charles his wife, Nellie she refused killed ber 2, 1906, because him, was sentenced return at Peoria, home III., with to 25 years in the penttentiary. trial of former As- Jr., The jury Statistician in the E. S. Holmes, on sociate the department of agriculture, to defraud of the charge of conspiring giving out the dethe government crop by information, failed to partment's was discharged. & agree and the Minneapolis Stockholders the of Iowa Central roads Des St. Louis and in the federal court railroad at filed Moines, suit Ia., from to putting enjoin into the effect The gunboat Dewey's trophies companies one two-cent fare. Don Juan de Austria, the of to war, naval the Spanish of Admiral Michigan has been assigned Superior. militia use of the located on Lake Healy Former was found dead in a and the will Ill., be Judge John T. bath of Elgin, establishment Vista in Chicago. lake levee near 30,The Buena broke, flooding 000 Bakersfield, acres and Cal., doing $1,000,000 damarage. Amador of Panama to Eurived President in New York on his way rope. Martha Washington, colored wife farm of hand George birth livWashington, Terre a Haute, Ind., gave All are expected to live. of the ing to three near boys and two girls. MerRideout, president San FranI. D. company of with cantile and Trust prominently identified central 31 a cisco number of banks San throughout Francisco. IlliCalifornia, years died in of service James in the B. nois After National Springfield, guard, Gen. commanding the retired the Culver, Second list of brigade, at his request was placed on account on department of Telegrams private business. were in received Washington at from the at arrested state Sarabia, who charge was preferred Douglas, Mexican officials and was protesting extradition as Deneen, his of Illinois, major against Manuel by Ariz., arrest proceedings, on a political. appointed National held general for Gen. Gov. G. M. Moulton Illinois as the the reorganization Second law. inunder E. Stuart, of the as guard, commanding Col. J. succeeds Moulton brigade. brigadier fantry, general of the First the name of G. Jo- U. giving from St. and a Hall Mo., but was seph, A man claiming Lennox, recently to Ia., be practicing arrested in the physician at N. M., while very act, it at Albuquerque, is charged, of making counterfeit money. instructor of David EngPhilip K. Green, and Prof. lish and mathematics, assistant in the agricul- HerA. Durward, at the were Mount mon school for in the carloads of giant the Oregon tural river. while Two department canoeing track boys, of powder Connecticut drowned stand- five a side Hot Springs, ing on Line at Beck's City, caught fire Short Salt Lake exploded, miles from burning from heavy buildings grass and and breaking jarring for miles around. bank Hickswindows The First National been closed by of direction has ville


Article from Alexandria Gazette, August 2, 1907

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From Washington. [Correspondende of the Alexandria Gazette.] Washington, Aug. 2. Senator H. A. DuPont, and other leading members of the DuPont family may eventually have to defend themselves from criminal prosecution. In its preparation of the action for a Gissolution of the powder trust, the government is known to have intentionally refrained from examining the Senator and other leading members of the great corporation 80 they coull not raise the point that they had taken an "immunity bath." Officials o. the Department of Justice will not discuss at this time the criminal phase of the case. The government has great interest in the powder trust, being one of its largest customers. Although it has carefully concealed this interest in the bill recently filed at Wilmington, Del., it is said upon good authority that the prosecution against the individuals will be pushed with relentless vigor, and that they will be punished civilly and criminally if sufficient law can be found to cover the case. The people of this town will soon have the opportunity of seeing a real live polygamous prince of the Philippines. Sansaluna, head of the Moros and son of the late Datto Ali, who was killed while fighting against American troops in the Moro country, has engaged quarters at a local hotel. He will come here from the Jamestown Exposition and will be accompanied, it is said, by his four wives. No information is to be had at either the State Department or Japanese embassy confirmatory of the cabled report from Berlin to the effect that Viscount Aoki, the Japanese ambassador to the United States, is to be transferred to Berlin. The disturbance at Casablanca, in Morocco, is believed here to be merely a display of anti-foreign feeling. United States Minister Gummere, at Tangier has cabled to the State Department, confirming the press dispatches that the wild tribes from the hills killed five Frenchmen, two Spaniards and one Italian besides wounding others. The Comptroller of the Currency has authorized the reopening of the doors of the Hicksville, 0., First National Bank, which was placed in the hands of a receiver July 2. Its capital stock has been fully restored.


Article from Iron County Register, January 2, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4--First National bank of Scotland, S. D., close by bank examiner. B-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency 6-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.


Article from Audubon Republican, January 2, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, : Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Rece vers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18 -Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 77-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass, in hands of receiver.


Article from The Greenville Journal, January 2, 1908

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FINANCIAL to Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 5-Fort Dallas National bank of Miami, Fla., closed. 20--Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. it-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of in'debtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.


Article from River Falls Journal, January 2, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. 1., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 20-California Safe Deposit & Trust Co. bank, at San Francisco, closed. Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed. United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18--Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver Dec. 2-Chelsea Savings abnk of Chelsea. Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro. Mass. in hands of receiver


Article from Iowa State Bystander, January 3, 1908

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Jan. 21-Merehants' and Farmers' bank of Fairment, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. &F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173.000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situa19-Citizens' tion. State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stock- of holders and depositors of Bank America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 8-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope/Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Uhion bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., 16-Collapse failed. of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New 2-Knickerbocker York. Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, 24-Three failed. minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. I., sus26-Banks pended. in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 00-California Safe Deposit & Trust Co. bank, at San Francisco, closed. Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. G-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. U-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financlal- situation. City National bank of Frederick, Okla., failed. 17-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, 17-Jewelers' closed. National bank at North


Article from Willmar Tribune, January 8, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. 25-Disappearance of $173.000 from subtreasury at Chicago made public. Mar. H-Virtual panie in Wall street: Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago. found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown. Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 11-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. :- Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Coltapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. kerbocker Trust Co., New York's second largest financial institution, forced to suspend: great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, Cailed. 21-Turee minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. 1., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 20-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Recciver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 1"-Merchants' National bank of Portland. Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver Dec. 2-Chelsea Savings abnk of Chelsea. Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce. one of largest financial institutions of Kansas City, suspended. 6-Fort closed Pitt National bank of Pittsburg, 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.


Article from The Tupelo Journal, January 10, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotiand, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed. Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed. United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities. placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended.


Article from The Commonwealth, January 10, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. -First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 5-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street: Secretary Cortelyou relieved the situa19-Citizens' tion. State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj, H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroner of currency 5-Fort Dallas National bank of Miami, Fla., clósed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 16-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19--New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 12-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend: great slump in securities; call money at 70 per cent. 3-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and TraNt Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., sus6-Banks pended. In New York and Chicago and many other cities ellopted Maring house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 10--California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore,, California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11.000,000, which operated mills in several cities placed in hands of receiver.


Article from Macon Beacon, January 11, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. First National bank of Scotland, S. D., s close by bank examiner. 8 F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25 -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14 Virtual panic In Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28 Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. First National bank of Hicksville, O., closed by comptroller of currency. Fort Dallas National bank of Miami, Fla., closed. Farmers' National bank of Boyertown, Pa., ordered closed. Aug. -People's State bank of Brownstown, Ind., closed by state authorities. Receivers appointed for Pope Mfg. Co., of Hartford, Conn. failure ascribed to stringency of money market. Sep. Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. -Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump iii stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19 New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 12-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend: great slump in securities: call money at 70 per cent. 23 Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Cerson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala. filed involuntary petition in bankruptcy. 5-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. -Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 80 California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country 12-Merchants' National bank of Portland, Ore. California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. -Chelsea Savings abnk of Chelsea, Mich. owned by State Treasurer Glazier, closed. B -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6 Fort Pitt National bank of Pittsburg, closed. 17 -Jewelers' National bank at North Attleboro, Mass., in hands of receiver.


Article from The Idaho Recorder, January 16, 1908

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FINANCIAL rne Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in st to prison. 25- Jisappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic In Wall street; Secretary Cortelyou relieved the situaUon. 19 -Citizens' State bank of Firth, Neb., closed by state. Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of Illegal banking, sentenced three years in penitentiary. II-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., el sed by comptroller of currency &- irt Dallas National bank of Miami, Fia., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. H-Receivers appointed for Pope Mig. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-11. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dreaden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-Now York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22 Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. B Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. M-Three minor banks in New York forced to close. Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy 25--Six more minor banking Institutions in New York closed doors. Union Trust Co., of Providence, R. 1., suspended. 26-Banks In New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings déposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financlai conditions in New York practically normal again. Nov. 4-Three small banks In Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. -Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, 1. T., suspended. -Secretary of Treasury Cortelyou ordered Issue of $50,000,000 of Panama bonds and $100,000,000 certificates of Indebtedness as means of relieving financlal situation City National bank of Frederick, Okla., falled. n-American Bilk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. -Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial Institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17 Jowelers' National bank at North