19113. National Deposit Bank (Philadelphia, PA)

View Charter #7929 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7929
Charter Number
7929
Start Date
July 14, 1908
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
e1549388

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1908-07-14
Date receivership terminated
1910-06-28
OCC cause of failure
Losses
Share of assets assessed as good
55.7%
Share of assets assessed as doubtful
22.7%
Share of assets assessed as worthless
21.6%

Description

Comptroller of the Currency ordered the bank closed for failure to maintain required lawful money reserve (25%); receiver Milton C. Elliott appointed. Multiple contemporaneous reports (dated July 14–15, 1908) confirm forced suspension and receivership. No run is mentioned in the articles.

Events (4)
1. September 29, 1905 Chartered
Source
historical_nic
2. July 14, 1908 Receivership
Source
historical_nic
3. July 14, 1908 Receivership
Newspaper Excerpt
Milton C. Elliott was appointed receiver. The closing of the bank was under orders received by National Bank Examiner William M. Hardt. Milton C. Elliott of Washington... was appointed receiver, and will assume charge of the bank tomorrow.
Source
newspapers
4. July 14, 1908 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller/Controller of the Currency for persistent failure to maintain the required lawful money reserve (lack of the required 25% reserve).
Newspaper Excerpt
The National Deposit Bank of Philadelphia was closed to-day by direction of the Controller of the Currency... closed because of persistent and continuous disregard of the requirements of law with respect to the maintenance of lawful money reserve,
Source
newspapers

Newspaper Articles (22)
1. July 15, 1908 New-York Tribune New York, NY
Article from New-York Tribune, July 15, 1908

Click image to open full size in new tab

Article Text

NATIONAL BANK CLOSED. Philadelphia Institution Accused of Neglecting Reserve. Washington, July 14. .-The National Deposit Bank of Philadelphia was closed to-day by direction of the Controller of the Currency, and Milton C. Elliott was appointed receiver. The closing of the bank was under orders received by National Bank Examiner William M. Hardt. The Acting Controller of the Currency said that the bank was closed because of "persistent and continuous disregard of the requirements of law with respect to the maintenance of lawful money reserve," and was in a generally unstisfactory condition otherwise. This is the first time in the history of the service that a bank has been closed on account of violation of the law with respect to reserve requirements. The bank, according to the Controller's office, is heavily indebted to the United States Treasury on account of the 5 per cent redemption fund. Philadelphia, July 14.-The National Deposit Bank, of this city, which was closed to-day, was organized three years ago. The suspension of the bank resulted from an examination of its affairs by William N. Hardt, of this city, a national bank examiner. The cause of the bank's enforced suspension was its lack of the required reserve of 25 per cent of its deposits. Although a national bank, the institution never became a member of the Philadelphia Clearing House Association, and was considered a small financial concern. None of the directors would give any explanation of the failure other than that business had been bad because of the recent financial depression, and that many depositors had been compelled to reduce their accounts.

2. July 15, 1908 The Star and Newark Advertiser Newark, NJ
Article from The Star and Newark Advertiser, July 15, 1908

Click image to open full size in new tab

Article Text

NATIONAL DEPOSIT BANK IN CHARGE OF RECEIVER. PHILADELPHIA, July 15.-Under orders from the Comptroller of the Cur-

3. July 15, 1908 Evening Star Washington, DC
Article from Evening Star, July 15, 1908

Click image to open full size in new tab

Article Text

IN RECEIVERS' HANDS. Controller Orders National Bank in Philadelphia Closed. PHILADELPHIA, July 15.-The National Deposit Bank of this city, organized three years ago, has been closed by order of the controller of the currency at Washington. Milton C. Elliott of Washington. representing the controller, was appointed receiver, and will assume charge of the bank tomorrow. The suspension of the bank resulted from an exhaustive examination of its affairs by William M. Hardt of this city, a national bank examiner. Pending the arrival of Receiver Elliott. Mr. Hardt would not make a statement. but from authentic sources it is learned that the cause of the bank's enforced suspension was its lack of the required reserve of 25 per cent of its deposits. Although a national bank, the institution never became a member of the Philadelphia Clearing House Association. According to the last statement made to the controller of the currency, at the close of business May 14 last, the deposits were $662,138, a decrease of $27,133 compared with the corresponding period of last year. Its surplus and undivided profits amounted to $201,108, an increase over the previous year of $630. The bank paid no dividends, and its earnings for the last year were only $630.

4. July 15, 1908 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, July 15, 1908

Click image to open full size in new tab

Article Text

PHILADELPHIA BANK CLOSED BY COMPTROLLER Washington. D. C., July 14.-The National Deposit bank of Philadelphia was closed today by direction of the comptroller of the currency and M. C. Elllott was appointed receiver. The closing of the bank was under orders received by National Bank Examiner William M. Hardt. The noting comptroller of the curreney stated that this bank was closed "because of persistent and continuous disregard of the requirements of the law with respect to the maintenance of lawful money reserve and was in a generally unsatisfactory condition otherwise." This is the first time in the history of the service that a bank has been closed on account of violation of the law with respect to reserve requirements. The bank. according to the comptroller's office, is heavily indebted to the United States treasury on account of the five per cent redemption fund A dispatch from Philadelphia ways the National Deposit bank was a small concern. The deposits amounted to only a trining

5. July 15, 1908 The Morning Journal-Courier New Haven, CT
Article from The Morning Journal-Courier, July 15, 1908

Click image to open full size in new tab

Article Text

NATIONAL BANK CLOSED. Comptroller Appoints Receiver for Philadelphia Institution. Washington, July 14.-The National Deposit bank of Philadelphia, was closed today by direction of the comptroller of the currency, and Milton C. Elliott was appointed receiver. Philadelphia, July 14.-The National Deposit bank of this city, which was closed by the comptroller of the currency after banking hours today, was a small concern. It was organized several years ago and never did a large business, the deposits at. the time it was closed amounting to only a trifing sum.

6. July 16, 1908 The Oskaloosa Herald Oskaloosa, IA
Article from The Oskaloosa Herald, July 16, 1908

Click image to open full size in new tab

Article Text

NATIONAL BANK IS CLOSED. Philadelphia Concern Did Not Observe the Reserve Requirements. I Philadelphia, July 15.-The National Deposit bank of this city, organized three years ago, was closed Tuesday by order of the comptroller of the cur rency at Washington. Milton C. Elli ott of Washington was appointed receiver. The suspension resulted from an ex haustive examination of its affairs by William M. Hardt, a national bank ex aminer, Pending the arrival of Re ceiyer Elliott, Mr. Hardt would not make a statement, but from authentic sources it is learned that the cause of the bank's enforced suspension was its lack of the required reserve of 25 per cent. of its deposits.

7. July 16, 1908 The Times Dispatch Richmond, VA
Article from The Times Dispatch, July 16, 1908

Click image to open full size in new tab

Article Text

PHILADELPHIA BANK CLOSED. Controller of Currency Puts Small Concern in Receiver's Hands. PHILADELPHIA, July 15.-Acting on the order of the Controller of the Currency, William M. Hardt. national bank examiner, has closed the National Deposit Bank of Philadelphia, and later Milton C. Elliott, of Washington, was appointed receiver. As shown by its last report, the bank had deposits of only $660,674. The National Deposit Bank was orgainzed by the late Major John F. Phinney, formerly Assistant Treasurer of Philadelphia. It was one of the smallest and most inconsequential among this city's banks and was established in 1905. being the latest organized here under the national bank act. It has never been ai member of the Philadelphia clearing-house. F. M. Peet, president of the bank, had close business relations with Chas. W. Morse. After the financial troubles in New York last fall it was arranged that Mr. Peet would buy the Morse stock holding in the National Bank of New Amsterdam, of New York. At the time bankers here were skeptical about this announced transaction and no surprise was felt at the subsequent news that the deal had miscarried. The Acting Controller of the Currency stated that the bank was closed because of "persistent and continuous disregard of the requirements of law with respect to the maintenance of lawful money reserve. and was in a generally unsatisfactory condition otherwise." The bank, according to the Controller's office, is heavily indebted to the United States Treasury on account of the 5 per cent. redemption fund.

8. July 23, 1908 The Greenville Journal Greenville, OH
Article from The Greenville Journal, July 23, 1908

Click image to open full size in new tab

Article Text

GENERAL NEWS. Princess Amelie Louise of Furstenburg and Gustav Kozian, an employe of an automobile firm, with whom she eloped last May, were married in the castle chapel at Kammerberg, Austria. Several fatal encounters between strikers and officers took place in Alabama and Gov. Comer ordered out the state troops. Persian revolutionists routed the government forces at Tabriz and sacked the houses of officials. President McCrea of the Pennsylvania company said the decision of the conference of railway presidents in New York was that the time was not opportune for raising freight rates. Waldorf Astor, the eldest son of William Waldorf Astor, was chosen as conservative candidate for member of parliament from Plymouth at the next general election. Frank Johnson, colored, was hanged at Moundsville. Va., for the murder of Mrs. Beulah Martin. He confessed to five other murders. William Hill, a barber at the Soldiers' Home in Milwaukee. killed himself after he had killed Mrs. Kimbell, said to have been his wife, though known by the name of a former husband. and Joe Biettner. Three thousand two hundred men of the Atlantic battleship fleet, all wearing leis, paraded the streets of Honolulu. The Farmers & Merchants' Banking company of Cleveland, O., failed after a run by its depositors. Fire believed to have been of incendiary origin destroyed the plant of the Elk Tanning company at Everett, Pa., the loss being $350,000. Charles W. Hamilton, assistant district attorney of Allegheny county, Pennsylvania, residing at Elizabeth, committed suicide because of ill health. Olga, Wilhelmina and Frederica, triplets born January 10 to Mrs. Adolph Liepold, wife of the gardener of the Lutheran cemetery at Newtown, N. Y., are dead, as the result of the heat. Assistant Secretary of the Interior E. Wilson, W. de C. Ravenel of the itional museum and W. M. Geddes of easury department were appointed the president as a United States overnment board of managers of the laskan-Yukon exposition at Seattle, ash. Joines Phillips, a farmer, committed ide in Oskaloosa, Ia., by drinking holic acid in olive oil. unes Guyot and his son were killed lightning near Clay City, III. Fire in the town of Orcutt, Cal., in he Santa Maria oil fields, destroyed property valued at $200,000. Frank H. Montgomery, a leading physician of Chicago, and his stenographer, Mrs. Head, were drowned while sailing in White lake, Michigan. Mrs. Catherine Bruha, aged 75, and her grandson, aged 14, were probably fatally burned in a mysterious explosion in La Crosse, Wis. Lightning struck and destroyed the beautiful summer home of George W. Elkins at Ogontz, a suburb of Philadelphia. H. L. Palmer, president of the Northwestern Life Insurance company, retired after 50 years' service with the company. The National Deposit bank of Philadelphia was closed by direction of the comptroller of the currency because it had not kept its reserve up to requirements. Religious warfare among Austrian miners near Brigham, Utah, resulted in several murders.

9. July 23, 1908 Audubon Republican Audubon, IA
Article from Audubon Republican, July 23, 1908

Click image to open full size in new tab

Article Text

GENERAL NEWS. Princess Amelie Louise of Furstenburg and Gustav Kozian, an employe of an automobile firm, with whom she eloped last May, were married in the castle chapel at Kammerberg, Austria. Several fatal encounters between strikers and officers took place in Alabama and Gov. Comer ordered out the state troops. Persian revolutionists routed the government forces at Tabriz and sacked the houses of officials. President McCrea of the Pennsylvania company said the decision of the conference of railway presidents in New York was that the time was not opportune for raising freight rates. Waldorf Astor, the eldest son of William Waldorf Astor, was chosen as conservative candidate for member of parliament from Plymouth at the next general election. Frank Johnson, colored, was hanged at Moundsville, Va., for the murder of Mrs. Beulah Martin. He confessed to five other murders. William Hill, a barber at the Soldiers' Home in Milwaukee, killed himself after he had killed Mrs. Kimbell, said to have been his wife, though known by the name of a former husband, and Joe Biettner. Three thousand two hundred men of the Atlantic battleship fleet, all wearing leis, paraded the streets of Honolulu. The Farmers & Merchants' Banking company of Cleveland, O., failed after a run by its depositors. Fire believed to have been of incendiary origin destroyed the plant of the Elk Tanning company at Everett, Pa., the loss being $350,000. Charles W. Hamilton, assistant district attorney of Allegheny county, Pennsylvania, residing at Elizabeth, committed suicide because of ill health. Olga, Wilhelmina and Frederica, triplets born January 10 to Mrs. Adolph Liepold, wife of the gardener of the Lutheran cemetery at Newtown, N. Y., are dead, as the result of the heat. Assistant Secretary of the Interior J. E. Wilson, W. de C. Ravenel of the National museum and W. M. Geddes of treasury department were appointed by the president as a United States government board of managers of the Alaskan-Yukon exposition at Seattle, Wash. James Phillips, a farmer, committed suicide in Oskaloosa, Ia., by drinking carbolic acid in olive oil. James Guyot and his son were killed by lightning near Clay City, III. Fire in the town of Orcutt, Cal., in the Santa Maria oil fields, destroyed property valued at $200,000. Frank H. Montgomery, a leading physician of Chicago, and his stenographer, Mrs. Head, were drowned white sailing in White lake, Michigan. Mrs. Catherine Bruha, aged 75, and her grandson, aged 14, were probably fatally burned in a mysterious ex. plosion in La Crosse, Wis. Lightning struck and destroyed the beautiful summer home of George W. Elkins at Ogontz, a suburb of Philadelphia. H. L. Palmer, president of the Northwestern Life Insurance company, retired after 50 years' service with the company. The National Deposit bank of Philadelphia was closed by direction of the comptroller of the currency because it had not kept its reserve up to re.

10. July 24, 1908 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, July 24, 1908

Click image to open full size in new tab

Article Text

for winning two gold first medals in the don, Sheridan was first in America. discus throwing and Rose was putting third the shot. day of the Olympic medals games The Britain won two gold each. Great France and Sweden one team and America won second place in a race. American athletes captured two of gold the on the second day John J. medals games in London. throw, Olympic won the hammer M. breaking Flanagan the Olympic 1.500-meter record, and run. Sheppard won the filed suit W. Boni de Castellane of diCount such revision of the decree by his for obtained against him Gould of vorce was Miss Anna cusNew wife, York, who as will give him the tody of his three children. Judge Reynolds of St. Louis go Circuit steam laundries may to ruled that they like in combining other as far as prices, as, owing to such a maintain of washing clothes, restraint of methods combination would not be in trade. mine workers were terrific killed and exSeven others injured by a Williamstown ten of gas in the Branch plosion of the Summit was Mining (Pa.) colliery company. The mine wrecked and set on fire. Republican Chairman Hitchcock leaders conference of party opening at called Colorado a Springs, Col., for west. the of the campaign in the frame the burning of a one-story the strucBy in St. Paul, Minn., for building which the first volunteer was the ture union in armies enlisted in 1861 destroyed. shriners at St. Paul elected E. I. The of Marion, Ia., imperial next Alderman and decided to hold conclave in year's potentate Louisville. 25 or man was killed and 30 One were injured, some perhaps the others when a trolley car Railway on `Johnstown fatally, (Pa.) Passenger traction enafter striking a here, company, at a crossing a mile from over a started gine backwards and went steep embankment. Assistant Secretary of the Interior of the Wilson, W. de C. Ravenel Geddes of J. National E. museum and W. M. department were appointed States treasury the president as a United of the by government board of managers Seattle, Alaskan-Yukon exposition at Wash. workmen were killed by the cave-in Five of a new sewer in Youngstown, O. in the business district of Sault Ste. Fire Marie, Mich., destroyed $100,000 of property. Riley of Nowata, Okla., acSheriff a roadhouse and saloon, liquor in burned cordance with the Oklahoma law. James Phillips, a farmer, committed drinking suicide in Oskaloosa, Ia., by carbolic acid in olive oil. James Guyot and his son were Ill. killed by lightning near Clay City, in the town of Orcutt, Cal., in Fire Santa Maria oil fields, destroyed property the valued at $200,000. Frank H. Montgomery, a leading stenogof Chicago, and his drowned physician Mrs. Head, were while rapher, sailing in White lake, Michigan. and Mrs. Catherine Bruha, aged 75, grandson, aged 14, were probably exher fatally burned in a mysterious plosion in La Crosse, Wis. Lightning struck and destroyed the W. summer home of George Philabeautiful Elkins at Ogontz, a suburb of delphia. plot against the czar of Russia A discovered at Sosnowice, Russian made. was Poland, and many arrests were the H. L. Palmer, president of Northwestern Life Insurance company, the retired after 50 years' service with company. The Democratic national committee by a resolution, dictated Bryan, adopted declaring for publication them of campaign contributions, limiting would to $10,000 and declaring none be accepted from corporations. The National Deposit bank of Philadelphia was closed by direction of the comptroller of the currency because reit had not kept its reserve up to quirements. Standing within a few feet of two the where, a little more than spot ago, he shot and killed his father-in-law, years Dr. James Weddell Simpa dentist of New York, was shot at son, and perhaps mortally wounded Northport, N. Y., by his mother-in-law, he T. Horner, the woman made a were on board a Mrs. Four explosion Bartley persons widow. drowned 45-foot through Roland launch Mass. They were of Boston, John an off Worthington Marion, of T. Milton, Trull of Woburn, Joseph S. Beal and George Savory of Marblehead. EdA. P. Tarbell of Marblehead and ward Pecker of Boston were rescued after being in the water 12 hours. Gompers, president of the American Samuel Federation of Labor (and

11. July 25, 1908 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, July 25, 1908

Click image to open full size in new tab

Article Text

-Jad JRIS em are UPS TO formers in the Olympic games at London, winning two gold medals for America. Sheridan was first in the discus throwing and Rose was first in putting the shot. The third day of the Olympic games Great Britain won two gold medals and France and Sweden one each. America won second place in a. team race. American athletes captured two gold medals on the second day of the Olympic games in London. John J. Flanagan won the hammer throw, breaking the Olympic record, and M. W. Sheppard won the 1,500-meter run. Count Boni de Castellane filed suit for such revision of the decree of divorce obtained against him by his wife, who was Miss Anna Gould of New York, as will give him the custody of his three children. Circuit Judge Reynolds of St. Louis ruled that steam laundries may go as far as they like in combining to maintain prices, as, owing to other methods of washing clothes, such a combination would not be in restraint trade JO Seven mine workers were killed and ten others injured by a terrific explosion of gas in the Williamstown (Pa.) colliery of the Summit Branch Mining company. The mine was wrecked and set on fire. Republican Chairman Hitchcock called a conference of party leaders at Colorado Springs, Col., for the opening of the campaign in the west. By the burning of a one-story frame building in St. Paul, Minn., the structure in which the first volunteer for the union armies enlisted in 1861 was destroyed. The shriners at St. Paul elected E. I. Alderman of Marion, Ia., imperial potentate and decided to hold next year's conclave in Louisville. One man was killed and 25 or 30 others were injured, some perhaps fatally, when a trolley car on the Johnstown (Pa.) Passenger Railway company, after striking a traction engine at a crossing a mile from here, started backwards and went over a steep embankment. Assistant Secretary of the Interior J. E. Wilson, W. de C. Ravenel of the National museum and W. M. Geddes of treasury department were appointed by the president as a United States government board of managers of the Alaskan-Yukon exposition at Seattle, Wash. Five workmen were killed by the -sSunoA up Jemes мәи B JO 'O 'UMOT Fire in the business district of Sault Ste. Marie, Mich., destroyed $100,000 JO Sheriff Riley of Nowata, Okla., burned a roadhouse and saloon, in accordance with the Oklahoma liquor law. James Phillips, a farmer, committed suicide in Oskaloosa, Ia., by drinking carbolic acid in olive oil. James Guyot and his son were killed by lightning near Clay City, III. Fire in the town of Orcutt, Cal., in the Santa Maria oil fields, destroyed property valued at $200,000. Frank H. Montgomery, a leading physician of Chicago, and his stenographer, Mrs. Head, were drowned while sailing in White lake, Michigan. Mrs. Catherine Bruha, aged 75, and her grandson, aged 14, were probably fatally burned in a mysterious explosion in La Crosse, Wis. Lightning struck and destroyed the beautiful summer home of George W. Elkins at Ogontz, a suburb of Philadelphia. A plot against the czar of Russia was discovered at Sosnowice, Russian Poland, and many arrests were made. H. L. Palmer, president of the Northwestern Life Insurance company, retired after 50 years' service with the company. The Democratic national committee adopted a resolution, dictated by Bryan, declaring for publication of campaign contributions, limiting them to $10,000 and declaring none would be accepted from corporations. The National Deposit bank of Philadelphia was closed by direction of the comptroller of the currency because it had not kept its reserve up to requirements. Standing within a few feet of the spot where, a little more than two years ago, he shot and killed his father-in-law, Dr. James Weddell Simpson, a dentist of New York, was shot and perhaps mortally wounded at Northport, N. Y., by his mother-in-law, Mrs. Bartley T. Horner, the woman he made a widow. Four persons were drowned through an explosion on board a 45-foot launch off Marion, Mass. They were Roland Worthington of Boston, John T. Trull of Woburn, Joseph S. Beal of Milton, and George Savory of Marblehead. A. P. Tarbell of Marblehead and Edward Pecker of Boston were rescued after being in the water 12 hours. Samuel Gompers, president of the American Federation of Labor (and inferentially the head of 3,000,000 voters of organized labor affiliated with the federation) promised to sun-

12. January 7, 1909 The Hickman Courier Hickman, KY
Article from The Hickman Courier, January 7, 1909

Click image to open full size in new tab

Article Text

Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank. Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capItal $1,000,000, and Mechanies and Traders' bank, both of New York. taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, falled; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine deetsion unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred. Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham. cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors,

13. January 7, 1909 The Hayti Herald Hayti, MO
Article from The Hayti Herald, January 7, 1909

Click image to open full size in new tab

Article Text

TODO ICAN Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 22-Traders and Mechanics' Bank, Pittsburg. Pa. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euelid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg. Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadel. phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Clilcago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty : of misapplication of funds and falsifying books of National Bank of AmerI Ica, New York. I 6=C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. Dec. 7-National exchange bank at 1 Springfield, Mo. closed; excitement , caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union Na. . tional bank. 11-Springport, Mich., State Savings bank 1 closed by bank examiner. 16-Somersworth, N. H., First National 9 bank closed, following discovery of shortage of $85,000. 1 23-Thomas F. Ryan announced retirement from finance. : 26-Henry W. Poor, New York broker, assigned for creditors. a

14. January 7, 1909 The Spanish Fork Press Spanish Fork, UT
Article from The Spanish Fork Press, January 7, 1909

Click image to open full size in new tab

Article Text

Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. e 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 1 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. r Jul. 14-National Deposit bank, Philadeln phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, ). Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest it New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. di Oct. 16-Union National bank, Sommer11 ville, Pa., closed by government. 1Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifyd ing books of National Bank of America, New York. s' 6-C. W. Morse sentenced to 15 years Curtis given liberty on suspended sentence. in 23-Eldred bank of Eldred. Pa., suspended: capital stock, $100,000. ed Dec. 7-National exchange bank a Springfield, Mo., closed: excitement y caused by effort of W. O. Oldham cashier of State Savings bank, to shoo te President H. B. McDaniel, of Union Na tional bank. ed 11-Springport, Mich., State Savings bank n. closed by bank examiner. c16-Somersworth. N. H., First Nationa bank closed. following discovery o eshortage of $85,000. as 23-Thomas F. Ryan announced retire ment from finance. e26-Henry W. Poor, New York broker, as th signed for creditors.

15. January 7, 1909 Cameron County Press Emporium, PA
Article from Cameron County Press, January 7, 1909

Click image to open full size in new tab

Article Text

Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York. closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a. Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $20,240,000 fine decision unanimously reversed by United States court of appeals at Chiengo. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

16. January 7, 1909 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 7, 1909

Click image to open full size in new tab

Article Text

FINANCIAL $ $ Jan. 2-State Bank, Rockyford, Col., closed doors. Ka 6-Four big New York diamond firms forced into trustee's hands: liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of D. receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex. largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa.. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. -People's National bank. Aspin. Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon. Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa.. stockbrokers. failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. a Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

17. January 8, 1909 The Montgomery Tribune Montgomery City, MO
Article from The Montgomery Tribune, January 8, 1909

Click image to open full size in new tab

Article Text

FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. -Chicago Great Western railroad JOHN placed in hands of receivers. 16-Western Bank and Trust Co., Dallas, Tex., largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine decision unanimously reversed by United States court of appeals at ChiAug. cago. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

18. January 8, 1909 Washington Telegraph Washington, AR
Article from Washington Telegraph, January 8, 1909

Click image to open full size in new tab

Article Text

o tional bank and se railroads, convicted of msapprop aring institution's f funds. 22-Traders and Mechanics' Bank, Pittsburg, Pa. closed doors. t 25-NationalBank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. Feb. of 13-W. B. Ridgely, comptroller currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 5-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. ep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. OV. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of AmerIca, New York. -C. W. Morse sentenced to 15 years; Curtis given liberty on suspended senlence. ec. 7-National exchange bank at Springfield, Mo., closed; excitement aused by effort of W. O. Oldham, ashier of State Savings bank, to shoot President H. B. McDaniel, of Union Nadonal bank. Springport, Mich., State Savings bank losed by bank examiner. Somersworth, N. H., First National ank closed, following discovery of hortage of $85,000. Thomas F. Ryan announced retire2 ent from finance. Henry W. Poor, New York broker, as2 gned for creditors.

19. January 8, 1909 The Julesburg Grit-Advocate Julesburg, Big Springs, CO
Article from The Julesburg Grit-Advocate, January 8, 1909

Click image to open full size in new tab

Article Text

TEXT TOTAL Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America. New York, closed for liquidation, by order of government. 29-New Amsterdam National bank. capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely. comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City. Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosctusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 23-Standard on $29,240,000 fine deelalon unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of AmerIca, New York. -C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred. Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham. cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport. Mich. State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.

20. January 8, 1909 The State Herald Holyoke, CO
Article from The State Herald, January 8, 1909

Click image to open full size in new tab

Article Text

-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. -Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co. Macomb City, Miss. placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, falled: liabilities. $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank. Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 7-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard OIL $29,240,000 fine deelsion unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank. Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms. failed: lia© bilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced Into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of Amerlea. New York 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa.. suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich. State Savings bank closed by bank examiner. 16-Somersworth N. H., First National bank closed following discovery of shortage of $85,000. 23-Thomas F Ryan announced retirement from finance 26-Henry W. Poor. New York broker. assigned for creditors

21. January 8, 1909 The Farmington Times Farmington, MO
Article from The Farmington Times, January 8, 1909

Click image to open full size in new tab

Article Text

Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank. both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial: sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, falled for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland. O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed: liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declstep unanimously reversed by United States court of appeals at Chiengo. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield. Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.

22. January 13, 1909 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, January 13, 1909

Click image to open full size in new tab

Article Text

Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new tr:al; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.