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NATIONAL BANK OF BOYERTOWN, PA., CLOSED. WASHINGTON, July 20.-The Farmers' National Bank of Boyertown, Pa., was today ordered closed by the Comptroller of the Currency upon a report of National Bank Examiner Bingham showing it to be insolvent. J. W. Scofield, bank examiner, has been appointed receiver. The bank has a capital of $50,000.
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BANK DOORS CLOSED The Comptroller of Currency Says That Bank is Insolvent. Washington, July 20.-The Farmers' National bank of Bayertown, Pa, was to-day ordered closed by the comptroller of the currency upon a report of National Bank Examiner Bingban, showing it to be insolvent. J. W. Scofield, bank examiner, has been appointed receiver. The bank has a capital of $30,000.
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INJUDICIOUS LOANS THE CAUSE. Farmer' National Bank of Boyertown, Pa., Closed. The Farmers' National Bank of Boyertown, Pa., was today ordered closed by the controller of the currency upon a report of National Bank Examiner Bingham showing it to be insolvent. J. W. Scofleld, bank examiner, has been appointed receiver. The bank has a capital of $50,000. BOYERTOWN, Pa., July 20.-The closing of the Farmers' National Bank here. while no surprise in well-informed circles, created a sensation. Several months ago the directors of the institution accepted the resignation of M. L. Hartman, who for a number of years was cashier of the bank. The trouble is said to have been caused by the cashier granting loans without proper security. State Senator E. M. Herbst, one of the directors, has ever since been acting as temporary cashier. The bank was chartered in 1883.
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PENNSYLVANIA BANK CLOSED. Washington, July 20.-The Farmers' National Bank, of Boyertown, Penn, was ordered closed today by the Controller of the Currency upon a report of Examiner Bingham showing it to be insolvent. J. W. Scofleld, bank examiner, has been appointed receiver. The bank has a capital of $50,000. Boyertown, Penn, July 20.-The closing of the Farmers' National Bank here, while no surprise in well informed circles, created a sensation. Several months ago the directors of the institution accepted the resignation of M. L. Hartman, who for a number of years was cashier of the bank. The trouble is said to have been caused by the cashier granting loans without proper security.
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PENNSYLVANIA BANK SHUT. The Farmers of Boyertown Ordered Closed by Federal Authorities. BOYERTOWN. Pa., July 20.-The Farmers National Bank' of this place was to-day ordered closed by the Comptroller of the Currency upon a report of National Bank Examiner Bingham showing it to be insolvent. J. W. Scofield. bank examiner. has been appointed receiver The bank has a capital of $50,000. Several months ago the directors accepted the resignation of M. L. Hartman. who for several years had been cashier of the bank. The trouble was said to have been caused by the cashier granting loans without proper security to a Philadelphia insurance firm. It is said the bank carried notes of this firm to the amount of $60,000.
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Bank Ordered Closed. Washington, July 20.-The Farmers' National bank of Royertown, Pa., was ordered closed by the comptroller of the currency upon the report of National Bank Examiner Bingham showing it to be insolvent. J. W. Scofield, a bank examiner, has been appointed receiver. The bank is capital ized at $50,000.
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Boyertown (Pa.) Bank Closed. The Comptroller of the Currency announced yesterday that the Farmers' National Bank, of Boyertown, Pa., had been closed upon the report of National Bank Examiner Bingham, showing it to be insolvent, J. W. Schofield has been appointed receiver.
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National Bank Closed By Associated Press. WASHINGTON, July 20.-The Farmers' National bank of Boyertown, Pa., was today ordered closed by the comptroller. J. W. Scofield, bank examiner, was appointed receiver. The bank has a capital of $500,000.
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To Probe Boyerstown Bank Trouble. BOYERTOWN, Pa., July 24.-Bank Examiner J. W. Schofleld, receiver of the Farmers' National Bank of Boyertown, which was closed Saturday by order of the controller of the currency, Monday began the examination of the books. The directors of the bank and the president, Dr. J. B. Rhoads, blame the failure of the institution on Dewitt C. Hillegass, a life insurance agent of Philadelphia, to whom loans were made aggregating nearly $65,000. Some of the collateral, it is said, was of doubtful value. One of the directors said Monday in his opinion the institution would reopen its doors at an early day, and that the depositors would not lose a cent.
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court, the state being unable to produce its witnesses. Lieut. Col. Charles G. Ayres will be retired from the army for physical disability. While feudists from the Ozarks were fighting on the Frisco tracks at Stanton, Mo., a fast train, running at the rate of 50 miles an hour, plowed into the group, killing William Willigs, 23 years old. The Farmers National bank, of Boyertown, Pa., was ordered closed by the controller of the currency upon a report of National Bank Examiner Bingham showing it to be insolvent. Fifteen thousand men employed by the United States Steel corporation and independent mine owners on the Vermilion and Mesaba ranges went out on a strike for a wage increase, paralyzing the entire iron ore industry of the upper Lake Superior region. Judge McCall, of the federal court at Memphis, Tenn., decided that the federal grand jury, which returned an indictment of 1,524 counts against the Standard Oil company, was acting within its jurisdiction. Senora Quesada, known as the Cuban Joan of Arc, died, aged 70 years. Cyrus J. Williams, of Los Angeles, Cal., and Fred H. Wallihan, of Englewood, Cal., have been arrested upon indictments returned by the federal grand jury in Denver charging them with complicity in coal land frauds in Glenwood Springs, Col. At a meeting held in Oakland the telegraphers' union voted unanimously to accept the terms of settlement proposed by the Western Union and Postal Telegraph companies. The telegraphers will return to work and then both telegraph companies will receive a committee of arbitration to discuss and settle matters affecting the telegraphers. After the emperor of Korea had ab. dicated a company of Korean troops mutinied, escaped from the barracks and fought with the Japanese. Many were killed and wounded on both sides before the revolt was quelled. William January, alias Charles W. Anderson, for whose pardon a petition containing the signatures of 50,000 persons was presented to President Roosevelt, was released from the federal prison at Fort Leavenworth, Kan. The Southern Railway company was fined $30,000, and Thomas J. Green, ticket agent of the company, fined five dollars in the state court at Raleigh, N. C., for selling railroad tickets at a rate in excess of that provided by the recent state law for a uniform rate of two and one-fourth cents a mile in North Carolina. Thomas B. McPherson, of Omaha, was elected president of the National Livestock Exchange association to succeed James C. Swift. of Kansas City, Mo. Adolph Ruegger, former treasurer of Madison county, III., committed suicide owing to the intense heat, which prevented him from sleeping. In the United States district court at Cheyenne, Wyo., E. M. Holbrook, a millionaire, E. E. Lonabaugh, a prominent attorney, and Robert McPhillamey, a. well known business man of Sheridan, were found guilty of conspiracy to defraud the United States government of coal lands in Sheridan county. Said Kalil Haick, the Syrian dragoman, who announced that he was going to marry Miss Elsie Ellwood, of De Kalb, Ill., gave up his plan because of the opposition of Miss Ellwood's family. It was announced by President Mellen, of the New York, New Haven & Hartford Railroad company that John F. Stevens, former chief engineer of the Panama canal, had been appointed a vice president of the road. Midshipman James F. Cruse, of the battleship Georgia, died at the naval hospital in Chelsea. He is the tenth man to die, as a result of the powder explosion in the after turret of the Georgia. Great damage to property in. St. Joseph, Mo., and vicinity was done by a tornado and a terrific rainstorm. Many houses were wrecked, cellars flooded and street railway tracks washed away. Capt. August Azzali, leader of the Mexican band, which organization accompanied the El Paso, Tex., lodge of Elks to Philadelphia, was drowned while bathing at Atlantic City, N. J. Churchill J. White, a pioneer banker, of Kansas City, Mo., died at his home there, aged 82 years. He formerly was president of the National Bank of Commerce, the leading finanialconcern of that city.
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Band Reopens For Business. By THE JOURNAL'S Special Wire. WASHINGTON, Aug. 12.-The farmer's National Bank of Boyertown, Pa., which was declared insolvent and placed in the hands of a receiver July 20, having complied with conditions of the comptroller of the currency today opened its doors for business.
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Boyertown Bank O. K. The Farmers' National Bank of Boyertown. Pa., which was declared insolvent and placed in the hands of a receiver July 20, was permitted to reopen its doors for business today, having complied with all the conditions imposed by the controller of the currency.
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in the inquiry before the Interstate Commerce Commission last winter; also that no other action against him, or any particular proceeding against the Union Pacific Railroad is now under consideration by the department. The Phillipine cruiser squadron, which is under orders to return to this country, sailed Saturday from Cavite, P. I., and was expected to arrive at Yokahama today. This disposes of the stories published several weeks ago that the naval authorities were afraid to let these ships touch at a Japanese port on their way home because of anti-American feeling there. The Farmers' National Bank of Boyertown, Pa., which was declared insolvent and placed in the hands of a receiver on July 20, having complied with the conditions imposed by the Comptroller of the Currency, today reopened its doors for business. A dispatch from the chief surgeon of the army in Cuba announces that there are ten cases of yellow fever among the American soldiers at Cienfuegos. They were diagnosed by a regular army surgeon. United States Ambassador Leishmann, at Constantinople, in a cable to the State Department today regarding the disturbances on the Turko-Persian border, says that the Americans in Urmiah are in no particular danger from the regular Turkish troops and he believes that the published reports of fighting, etc., have been much exaggerated and colored for political purposes.
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BOYERTOWN BANK REOPENS. The Farmers' National Bank, of Boyertown, Pa., which was declared insolvent, and placed in the hands of a receiver, July 20, having complied with the conditions imposed by the Comptroller of the Currency, today reopened its doors for business.
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BUSINESS AND FINANCE White Knob 1/4 ....... ½ NEWS AND NOTES 13/4 1% 2½ W. Knob Cop. pr 2½ BONDS. WALL STREET 93 89 93 A. S. Found. 6s. 89 FOR INVESTORS. 82 85 85 Am Writ. Paper 82 67 Found. 6g flat 67 40 40 32 Co. R. Tire deb 4s 32 Active stocks were on an average lower BETTER FEELING PERVADES yesterday than they were in several years. Issues of twenty railroads were at about LOCAL SECURITIES. STOCK MARKET TODAY. 97, compared with 138. the high level last The appended hst of quotations on the year. Sirce December these stocks have active local is furnished by Herfallen 35 per cent. New York traction man J. Egner, room 606 Prudentis buildstocks have fallen to their low levels. Bid. Asked. Ing: After General Improvement, with a Gain Consolidated Traction Co 71% 70% 102 If the big slump had hit the small spec*Con. Traction Co. 5s of More Than a Point, Reac1023/4 131 129 Celluloid ulators relatively as much as it did the tion Sets In. 66 67 'J. Ho. & P. St Rv. 4s. big ones there would have been plenty 68 69 *North Jersey St. Rv. 4s of failures. The utter absence of failures 106 107 *Newark Passenger Ry. 5s shows that the richest men of the coun"Eliz. Plain & Cen Jersey 5s NEW YORK, Aug. 13.-A more confident 631/2 try. who are the ones carrying the burPublic Service int bearing etfs 641/4 94 feeling pervaded the stock market at the *Publie Service 5 p. e. notes. 931/4 dens, have been able to bear the strain. 90 93 Public Service stock opening which arose from the support ex129 131 *Newark Con. Gas 6s. 1944 Standard Oil stock sold down to $425 a tended the prices yesterday at the close "Newark Con. Gas 5s. 1948 1041/2 1051/4 share. the lowest price in a dozen years. 90 89 and the higher market in London this Newark Con. Gas stock The decline from the high level has been 118 117 Essex & Hudson Gas stock morning. Average gains were between ½ over $300 a share. John D. Rockefeller is 100 101 Pat. & Pas. Gas & Elec. 5s 64 68 and per cent. said to own 400,000. His shrinkage in the Pat. & Pas. Gas & Elec. -t~ck. 102 1011/4 *Hudson Co. Gas 5s end of his fortune has amounted to over 11 a. m.-The general improvement ex105 107 Hudson Co. Gas stock $120,000,000. his loss yesterday on this bases ceeded a point, reaching between 2 and 68 961/2 9732 S. J. Gas Elec. & Tr. was $16,000,000, or more than $50,000 a 115 113 Gas Elec & Trac. stock 2½ In Great Northern preferred, Northern 65 66 minute. *United Electric 4s. Pacific, Union Pacific, Amalgamated Cop53 55 Bergen Gas & Elec. stock 100 101 Bar silver has been declining for several per and Smelting. Reactions cut the ad*Newark City Water 4s. 1922 vance in two. 101 1021/2 *Essex Park 4s. 1938 days, both in New York and London, the *And interest. Noon-Advances were cancelled in the latter city being the leading market for silver. second hour. Reading. Canadian Pacific THE COTTON MARKET. and Great Northern preferred fell 1 below President Underwood. of the Erie. says yesterday's close, St. Louis Southwestern NEW YORK, Aug. 13.-The cotton marthere is no truth in the story that he is preferred 6%. Bonds were heavy. ket opened steady, at a decline of 4 to 6 to become interested in a new battery 1 p. m.-A bear raid against Amalpoints in response to lower cables, rumors manufacturing company in Milwaukee, in gamated Copper and St. Paul put them of rain in Texas and fear of further weakwhich many railroad men are reported to under yesterday's lowest at 70 and 118½, ness in Wall Street. Prices sold off to a be interested. respectively. Subsequent rally of 1 to 3 net decline of 8 to 9 points on the active lifted the general market well above yesmonths during the early session, but offerCoffee is from 10 to 15 points lower beterday's final figures. ings were not very heavy, and the market cause of the bearish reports from Europe. 2P. M.-Speculation become rather buoywas a shade steadier in the middle of the The Imperial Japanese government 6 per ant in tone after 1 o'clock, and the best morning on the possibility of unfavorable cent. sterling loan, issued partly in Noprices of the day were made. Smelting weekly reports from the weather bureau vember. 1904, will be redeemed at par and jumped 41/2 beyond yesterday's closing, at midday and local covering. Owing to accrued interest to September 10 next, at Northern Pacific 4½, Union Pacific 3%. the strike, news from the South was 6 per cent. per annum. Reading 2%. Amalgamated Copper 21/2 and scarce and all figures were slow in reachthe rest between and 2 points. ing the exchange. The Public Service Commission of New 3 p. m.-The market closed quiet and The market steadied up to within 2 or 3 York has decided to investigate the strong. Gains were extended in the last points of last night's finals during the suburban railroad service of the New York hour. Louisville and Nashville got up 5 late forenoon on a bullish Southern condiCentral Railroad. with a jump of 3 points between transaction report, but eased off again to about tions, Union Pacific 41/8, Consolidated Gas the previous low level on reports of rain New York city had another bond sale 4, Great Northern preferred 3%, Amalgain Texas. and prices at midday were failure. After two weeks of advertising mated Copper 31/2, Canadian Pacific 3%. about 7 to 8 points net lower bids for $13,000,000 fifty year 4 per cent. Reading 31/4. The market vielded a fracQuotations furnished by Van Schaick & Co. bonds ard $2,000,000 ten year 4 per cent. 2:50 tion afterwards on realizing. assessment bonds were opened it was Open. High. Low. P.M. found the total bids amounted to only 12.22 12.25 12.12 12.24 January NEW YORK STOCK MARKET PRICES. $2,713,485. 11.50 11.53 11.53 11.44 September 12.02 12.03 12.00 11.92 October Following are the quotations of the day's T. A. McIntyre & Co. any: "We feel the 12.04 12.15 12.15 12.13 December prices, as furnished through Byrne & Mc. country cannot be forced into ruin. and Donnell, 800 Broad street: those who can afford to buy stocks on the Open. High. Low. Close CHICAGO GRAIN MARKET. Allis-Chalmers 911/4 91% 911/4 911/4 scale down and hold them will be able to Amal. Copper 747/8 70 718/4 74% CHICAGO. Aug. 13-Wheat today opened realize very handsome profits within the Am. C. & F. Co., 38% 361/2 38% strong because of the failure of the Livernext thirty or sixty days." Am. Locomotive.. 50% 501/4 521/2 pool market to reflect yesterday's decline Am. Loco. pr. 100 102 102 997/8 Exports of finished iron and steel maon the local board. and because of an Am. S. & R. Co. 95% 94 99½ 991/8 terial from New York and other Eastern S. R. Co. improved export demand. September 961/2 pr. 97% 961/4 97% Am. Steel Found. seaboard points for July were 68,172 tons as 57/8 57/8 51/2 opened 3/A to % higher, at S4 to 841/4. 57/8 Am. S. Ref. Co... 111 113 113 109% against 38,641 tons in June and compared Minneapolis. Duluth and Chicago reportAnaconda 443/3 46% with 28,742 in July of last year. This is a ed receipts of 650 cars. against 75 cars last A., S. & Fe. 84 86 831/2 record breaking export business. week and 603 cars one year ago. Corn 897/8 89 89 T. & S. Fe pr. 897/8 Balto. & Ohio was firm: September opened 1/8 higher. at 911/2 921/4 92 901/8 President Murray, of the Baltimore and R. 451/2 461/2 443/4 54%. sold at 54%. and then advanced to Ohio Railroad. has denied the report that Canadian Pacific 165 163 167% 166% 54%. Local receipts were 371 cars. 19 George L. Potter. the third vice-president 18 Central Leather.. 18½ 19 Oats were strong on active buying by 89 89 89 Cent. Leather pr. 89 of the road, would resign in a few days bulls. September oats opened unchanged Ches. & Ohio 331/2 343/4 331/2 341/4 to be succeeded by Thomas Fitzpatrick, Chi. Gt. West to % higher. at 431/4 to 43%. and sold at 97/3 101/4 9% 101/4 the general manager. M. St. & P... 1181/2 1201/2 441/4. Local receipts were 296 cars. 122 1227/8 Col. Fuel & Iron. 25 221/2 Provisions were firm on a 5c. advance The Farmers' National Bank at BoyerCol. & So. Ry 22% 23% 23% 211/2 in the price of live hogs. September pork ton. Pa., which was declared insolvent 54% Col.& So. Ry. 1st pr 54% 541/2 54% was 7½ higher, at 16.10. Lard was up 21/2, and placed in the hands of a receiver on 42% 42 42 42% Col.& So. Ry pr at 9.021/2. Ribs were 21/2 higher, at 8.70. Cons. Gas Co 104 July 20, was permitted to reopen its doors 1071/2 10716 10316 155 1571/4 D.& H. Canal Co. 1551/2 1571/4 and resume its business, having complied THE CHICAGO BOARD OF TRADE D. & Rio G 24 267/8 267/3 with all the conditions imposed by the Dist'rs' Securities 55% 55% Furnished by Byrne & McDonnell, stock Comptroller of the Currency. Erie 22 211/4 21% brokers, 800 Broad street Telephone 615. 51 Erie 1st pr Closing. Opening. 52% 52% Officials of the Philadelphia and Reading 34 34 Erie 2d pr 34 WHEATCoal and Iron Company have under con847/4 84-1/4 117 121% 1221/8 1191/2 G.N. Ry. pr September sideration plans for raising the price of 897/A Illinois Cen. Ry., 129 1294 129 December 89-3/8 120% all steam sizes of coal twenty-five cents Interborough 10 10% 1034 101/8 95%-7/7/8 May 29 30 Interborough pr 281/2 CORN297/8 a ton. The domestic or prepared sizes Inter. Paper Co... 121/4 537/8 111/4 121/4 September will remain unchanged. Southern 5134-7/8 23½ 51% December 537/8 53% 51% C. South'n pr. 52%-7/7/8 53½-1/1/2 May An equipment trust agreement has been Louis. & Nash 108 1031/2 10634 1031/2 OATSfiled at Atlanta. Ga., by the Atlanta, BirMan. Elevated 125 1297/A 125 1297/8 431/2-5/8 September mingham and Atlanta railways covering Mexican Central. 18 42%B 183/8 181/4 December an amount invested in for about $2,318,Mexican Nat'l pr. 47 463/4 46% May 43%-1/2 441/4-3/8 94 94 94 000. P. & S.S.M. 94 PORK68 Missouri Pacific 68 65% 65% 16.10B September Mo., Kan. & Tex. 341/4 A syndicate has been formed in Brazil 341/4 32½ LARDMo., T. pr 9.00-2 6316 631/8 9.02 September to establish an agricultural credit bank. National Biscuit 70% 70% 701/8 701/8 9.10-12 October National Lead 45 47% 47% RIBSF. A. Heinze. who has made his head105 105 Y. Air Brake. 1091/2 8.70 1091/2 September quarters in New York since the settlement Central 105 102 10434 8.85 1031/2 October of his long legal war in Butte. Mont., with 321/4 32½ 31% N.Y.,O.& 69 Norfolk the Amalgamated Copper interests. and 69 6914 69% NEW YORK PRODUCE EXCHANGE. 55 North Amer 60 has recently branched out as a banker, is Northern Pacific. 116½ 1151/4 11914 1201/4 Furnished by Byrne & McDonnell, stock about to extend his banking interests by Pacific Mail. 231/4 231/4 23% 23½ brokers, 800 Broad street Telephone 615. the establishing of a new National Bank 116 118 Pennsylvania 117% 116% Closing Opening. in Seattle. Wash. People's Gas 85% 843/4 WHEAT843/4 S. C. Co. 93% 26 93½ September 261/8 271/4 271/4 A prominent international banking house 97%B 34 34 Ry. S. S. Co 98 December 35 Reading 91% 87% 88½ May 921/4 in response an inquiry as to whether 1013/B S Co. Rep. 211/8 227/8 211/4 CORNor not any large financial institution in 76% September 621/2 Rep. I. & S. pr Berlin was in trouble. received a cable 19 60 Rock Island 18% 18% December stating that the report of trouble in bank59 41% 41% 401/4 Rock Island pr. 411/4 May F ing circles there was absolutely without S 2d St 31% 30% pr 317/3 301/8 45 45 40 S S W R R pr foundation. MONEY AND EXCHANGE. 84 811/8 Southern Pacific. S3% 1101/4 1101/2 So. Pacific pr 1101/4 1101/2 One of the peculiar features of the steel Call money in New York. 3@6 per cent. 17 Southern Ry situation is its strength in the face of The New York time money market was 56 561/2 55% Southern Ry pr.. reports of a slowing down in the volume harder today than at any time this year. 261/2 261/2 Tex. & Pacific Ry 251/2 25% of business. Steel orders for future de25 Quotations were purely nominal at 6 per St & W Ry 251/2 251/2 Wabash livery are coming rapidly, and the lighter 11 12 cent. bid for all dates from 60 days to two Wabash pr 211/8 211/8 branches of the industry are also active. 201/2 months. Thirty days was 5 per cent West. Union Tel 75 751/4 751/4 All the mills of the Steel Corporation. as New York sub-treasury gained $136,000 W. & L. E. 101/2 Ry.. 10½ 101/2 101/2 well as the independent mills, are in operfrom the banks and since Friday it has Wis. Central 14½ 14% 14% 14% ation. gained $92,000. but was a debtor at the 36 36 Wis. Central pr..\ 361/4 361/4 Clearing House for $2,005,557. due princlIn addition to the regular semi-annual PRICES OF BONDS. pally to payment on account of transportadividend of 3½ per cent. on the common tion of the mails and for pensions. The stock of the Canadian Pacific Railway The following quotations were furnished sub-treasury transferred by telegraph by Post & Flagg: Company, an additional dividend of 1/2 per $75,000 currency to New Orleans. Open. High Low Close cent. has been declared on the proceeds 65 Am. Tobacco 4s... 641/2 Commercial bar silver in New York, 677/s from the sales of lands. The extra disAm. Tobacco 98 97 98% 987/8 cents; Mexican dollars, 52% cents; bar silA., T. & S. F. 4s. bursement will be made when the regular 981/2 ver in London 3 5-16d. premiums on gold: B. R. 771/4 771/4 771/2 771/2 dividend will be paid. At Madrid, 14.05: and at Lisbon, 2.50 89 Cen. Leather 5s. 4s. 92 92 Q. Paris rentes, 94 francs 42½ centimes. B. & 91% C., 91% All grades of copper were further re66 66 R. P. 4s. 661/2 661/2 Paris private rate of discount, 3% per duced at the New York Metal Exchange 991/2 Imp. Pap. 1st 6s.. cent.; exchange on London, 25 francs 15 one-half cent pound in both bid and ask991/2 Imp. Jap. 2d 6s. centimes. Berlin private rate of discount. ing prices. The value of the metal is at 88% Imp. Jap. 41/28 1% per cent.; exchange on London, 20 the lowest price since the upward moveImp. Jap. ctf. 41/28 843/4 marks 481/2 pfgs. 57 59½ 59½ Interborough 41/28 57 ment was started. Southern Ry. 5s.. 106 Money on call in London, 21/2@2% per Union Pac. 1st 43 9934 According to the opinion of some of the cent. Rate of discount for short bills, 4 91% S. S. S. S. 5s. 911/4 911/4 best judges of technical conditions preper cent.: for three months' bills, 41/8@41/4 55 55 Col. Ind. 5s 551/2 0572 vailing in the stock market and the per cent. Consols for money, 81 11-16d.; financial situation as a whole, little hope for account, 81%d. NEW YORK OUTSIDE SECURITIES. is extended for any pronounced improveThere were no important developments in The following quotations are furnished ment in prices until the present mania for the foreign exchange market. the volume by Van Schaick & Co.: attacking corporations subsides. of business was extremely small and rates Closing yester- Close tofor all classes of remittance ruled pracday. day Post & Flagg say "For the present, tically unchanged. Demand sterling was Bid Asked. Bid. Asked however, it is almost needless to say that INDUSTRIALS. quoted 4.8645@4.8650; cables, 4.87@4.8720; those who carrying stock on margin 175 190 190 175 Am. Chicle sixty day bills, 4.82%@4.82%; short francs, have got to proceed most cautiously and 95 90 98 Am. Chicle pt 90 5.16% less 1-32, and short marks, 95, strengthen their position as much as pos% Am. Nickel 1 % sible. Certainly it is time that the busiless 1-64. 265 280 Am. Tobacco ness interests of the country awoke to 2½ 11/2 Am. Writ. Paper. 1½ 21/2 protest against a flippant and reckless NEW WOOD PRESERVATIVE. 22 201/2 Am. W. pr. 201/2 23 method of dealing with the substantial, Bay State Gas 1/4 1/2 ½ but intricate, business relations of the en Trial of Injectol and Its Derivatives in Cen. Foundry 3 country. 15 15 Cen. Foundry pr. 12½ Belgium. Havana Tobacco. 12 14 14 THE PRODUCE MARKET Vice-Consul J. A. Van Hee, of Ghent, 19 Havana Tob. pr.. 16 16 Houston Oil advises that recent experiments in BelNEW YORK. Aug. Flour-Reteipts, 30 Houston Oil pr 30 40 22,450: sales, 1.000: dull and unchanged. gium made with a new coal tar extract, 15 International Salt 121/2 12½ Minnesota patents. 4.90@5.30: winter 151/2 known as "injectol," have given satisfacTransit straights.
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The Farmers' National Bank at Boyerton, Pa., which was declared insolvent and placed in the hands of a receiver on July 20, was permitted to reopen its doors and resume its business, having complied with all the conditions imposed by the Comptroller of the Currency.
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NEWS CUT SHORT FOR BUSY READERS. The quartermaster's pier at Fort Washington is to be repaired. The resignation of Dr. Paul B. Johnson, has interne in the Washington Asylum Hospital, been accepted Miss Maud Oden has been appointed a $00 per annum. pupil-burse in the Washington Asylum Hospital at Investigations by the Bureau of Animal Industry have determined that in litters of piga the males slightly exceed the number of females, the ratio being 201 to 200. Frank Thompson, a conductor on the Chase car line, fell from the running board He of Chevy his car yesterday, fracturing his shoulder. was removed to a hospital. Andrew McConnell, formerly of Atlanta, Ga., has returned to Washington to test certain to theories, the result of experiments made by him, ascertain the relationship of electricity to life. Increase of nearly $400,000,000 in this country's trade with the Latin-American countries in the past fiscal year is noted by the Department of Commerce and Labor, the figures for 1907 being in excess of $600,000,000. The firm of Fahrney Brothers, of Hagerstown. Md.. has purchased of McCardell Bros, brick building on North Potomac several doors north of the street, the three-story public square. The price pamed is $16,000. Mrs. Mary McCarthy, who lives at 461 Missouri avenue northwest, reported to the police yesterday afternoon, that during the past two weeks jewelry, valued at $158. had been stolen from & bureau in one of the rooms of her home. More than 900,000 tons of the total output of paper manufactured in 1905, was used solely for newspapers and periodicals, which publications required a capital of $385,008,604, according to a bulletin recently issued by the Census Bui reau, The Farmers' National Bank. of Boyertown, Pa., which was declared insolvent, and placed in the hands of a receiver July 20, having complied with the conditions imposed by the Comptroller of the Currency yesterday reopened its doors for business. As the result of the analysis made by Chemist Lynch of the stomach of Frederick Cook, an employer of the Bureau of Engraving and Printdied about ten days ago at his home, 515 X circumstances, ing, who under th street mysterious northwest, Coroner Neritt yesterday offt illy decided that it was clearly a case of suicide. John Hartman, the aged man who disappeared from his home, 900 Four-and-a-half street, two days ago, was found yesterday morning by Detective Mullen, at the Baltimore and Ohio railroad station. The man could give no explanation as to where he had been since leaving his home. Although not officially announced, it is contract for the a across the railroad crete-steel said that the bridge construction tracks of of con- the Baltimore and Ohio Railroad at Monroe street, Brookland, will be awarded to Charles B. Clark, whose bid of $28,480 without lamps, and $32,480 with lamps, was the lowest received While crossing the street near the corper of Thirteenth and E streets yesterday afternoon. E. C. Heitchenson, of 127 W street northwest, and A. N. Butler, of 230 New Jersey avenue northwest, were struck by car 306, of the City and Suburban line, receiving slight injuries. Both men were taken to the Emergency Hospital for treatment, after which they were able to go to their homes. Theodore Baker, colored, seven years home is near University Hospital Georgetown old, whose Rockville, lingering Md., is between in the life and death. Yesterday afternoon the Baker boy and a friend named Walter Carter, colored, age eleven years, whose home is at 1713 R street northwest, were playing with a revolver at the former's home, when the weapon was discharged, the bullet taking effect in Theodore's neck.
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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.
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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.
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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
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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. LF. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. %-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. 18-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. -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. 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. 13-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. 4-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. 6-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. 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. 2-Merchants' National bank of Portland, Ore,, California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 8-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. 7-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
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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. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -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. 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. 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. 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. -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. Finanbank, at San Francisco, closed cial corditions 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 financlal 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.
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Jan 21-Merchants' and Farmers' bank Fairmont, Minn., suspended. Feb. of 2F. D. Gilman, former Goodland, president suspended Home bank of Ind., found guilty of embezzlement. H-F. D. Gilman, Indiana banker, sen- in tenced to term of one to three years state prison. Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 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. 11-Bank of Conception, at Clyde, Mo., ordered closed. D-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. Citizens' bank of Eureka Springs, Ark., suspended. -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. M-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. -Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. -Collapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 10-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. B-Knickerbocker Trust Co., New York's second largest financial Institution, forced to suspend; great slump in securities; call money at 70 per cent. Secretary of treasury ordered deposit in of $25,000,000 of government funds 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, falled. M-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 85-Bix 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. 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. B-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. 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 financial situation City National bank of Frederick, Okla., failed. M-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. -Fort Pitt National bank of Pittsburg. closed. -Jewelers' National bank at North Attleboro, Mass., in hands of receiver.
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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 guilty of embezzlement. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. -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. 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. M-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. 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. 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. 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. $0-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 Bapulpa, I.T., suspended. as 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. 17-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. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. Fort Pitt National bank of Pittsburg, closed. l7-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.
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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 guilty of embezzlement. -F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 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. -Citizens' bank of Eureka Springs, Ark., suspended. 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. -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. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 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 Detition in bankruptcy 25 Six more minor banking Institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. 36-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. e-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., 18- of Treasury dered Secretary suspended. Cortelyou orissue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving finanetal 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.