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TWO BANKS SUSPENDED. (Associated Press Cable to The Star.) PITTSBURG, January 22.-The Traders & Mechanics Bank and The Treasury Trust Company of this city have suspended.
19377. Traders & Mechanics Bank (Pittsburg, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 22, 1908
- Location
- Pittsburg, Pennsylvania (40.441, -79.996)
Metadata
- Model
- gpt-5-mini
- Short Digest
9ee0dbc9
Response Measures
None
Description
Multiple contemporaneous newspaper dispatches report the Traders & Mechanics Bank (state institution, capital $100,000) was closed by order of State Banking Commissioner James L. White and a temporary receiver was appointed on Jan 22, 1908. The Treasury Trust Company, a subsidiary in the same building, was also closed. Reports state depositors likely to be paid in full. Historic local spelling 'Pittsburg' (no final 'h') is preserved as in sources.
Events (1)
1.
January 22, 1908
Suspension
- Cause
- Government Action
- Cause Details
- Closed by order of the State Banking Commissioner; temporary receiver James L. White appointed due to inability to make clearings and maintain reserve.
- Newspaper Excerpt
- Closed by order of State Banking Commissioner James L. White, temporary receiver.
- Source
- newspapers
Newspaper Articles (20)
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PITTSBURG BANK QUITS. Traders and Mechanics' Closes Its Doors-Receiver's Statement. PITTSBURG, January 22.-The Traders and Mechanics' Bank, a state institution with a capital of $100,000. closed its doors today. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary. occupying the same building, at 4th avenue and Market street. was also closed. Some time ago the trust company made preparations to absorb the bank. but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Re. ceiver White says, the depositors will be paid in full.
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PITTSBURG BANK AND TRUST COMPANY CLOSE. Institutions Will Pay Depositors in Full, Declares Receiver White. PITTSBURG, Pa., Jan. 22.-The Traders' and Mechanics' Bank, a State inetitution, with a capital of $100,000, closed its doors today. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the State Banking Department. The plan was then reversed, and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White. the trouble results from the inability to make clearings and maintain its reserve. From present conditions Receiver White says the depositors will be paid in full.
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TWO SMALL PITTSBURG BANKS CLOSE DOORS Pittsburg, Pa., Jan. 22.-The Traders and Mechanics Bank, a small institution here, was closed today by the state bank examiner. The Treasury Trust Company, a subsidiary of this bank, was also closed. James T. White, temporary receiver of the bank said the trouble resulted from an inability to make clearings and maintain a reserve. The indications he said. are that the depositors will be paid in full.
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STATE BANK FAILS. Inability to Make Clearings and Maintain Reserve Given as Cause, Pittsburg, Pa., Jan. 22.-The Traders' and Mechanics' bank, a state institution, was closed today by the state bank examiner. The Treasurer Trust company, a subsidiary of the bank, was also closed. James L. White, temporary receiver for the bank, said the trouble results from inability to make clearings and maintain the resrve. The indications, he said, are that the depositors will be paid in full. The last statement of the bank showed deposits and certified checks of nearly half a million dollars.
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PITTSBURG BANK FAILS. Traders and Mechanics', State Institution, Capital $100,000. Pittsburg, Jan. 22-The Traders and Mechanics' bank, a state institution, was closed today by the bank examiners. The Treasury Trust company a subsidiary, occupying the same building was closed, but voluntarily, it is said. The Traders and Mechanics' bank had a capital of $100,000. It was closed by order of James L. White, as temporary receiver. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank but no official announcement had been made. According to Received White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says, the depositors will be paid in full.
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PITTSBURG INSTITUTIONS CLOSED. Traders and Mechanics' Bank and Its Subsidiary, the Treasury Trust Company. Pittsburg, Jan. 22. - The Traders and Mechanics' Bank, a state institution with a capital of $100,000, closed its doors to-day. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary, occupying the same building, at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the State Banking Department. The plan was then reversed, and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Mr. White, the trouble results from the inability of the bank to make clearings and maintain its reserve.
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PITTSBURG BANK FAILS. The Traders and Mechanics Bonk Closes Its Doors. Pittsburg. Jan. 28.-The Traders and Mechanics Bank, a state institution with a capital of $100,000, closed its doors today. The following notice was posted upon the door: "Closed by order of State Banking Commissioner James L White, temporary receiver." The Treasury Trust Company, a subsidiary company, occupying the same building at Fourth Avenue and Market Street, was also closed. Some time ago the trust company made preparations to absorb the bank but permission was refused by the State Banking Department. The plan was then reversed and the trust company had been practically taken over by the bank but no official announcement had been made. According to Temporary Receiver White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says the depositors will be paid in full.
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a was It night and then committed suicide in Macy's restaurant. lover's quarrel. FLEET SAILS FOR MAGELLAN. RIO DE JANEIRO, Brazil, January 22. The American battleship fleet with the exception of the provision ship Arethusa has sailed for Punta Arenas, Strait of Magellan. STEAMERS COLLIDE. ROTTERDAM, Holland, January 22.-The steamer Amsterdam was beached here today, having been badly damaged by collision with the steamer Ax minster. BRECKONS AND HENDRY. WASHINGTON, January 22.-The President has nominated R. W. Breckons as United States Attorney for Hawaii and E. R. Hendry as United States Marshal. ANOTHER BANK SUSPENDS. PITTSBURG, January 22.-The Traders and Mechanics Bank and the Treasury Trust Company have suspended. SIR ROBERT HART'S SUCCESSOR. apPEKING, January 22.-Nantung, former Governor of Peking, has been pointed Comptroller of Chinese Customs, A NEW BATTLESHIP. PHILADELPHIA, January 22.-The new battleship Mississippi has been turned over to the government. REBELS DOING BETTER. WASHINGTON, January 22.-The rebels of Hayti are making headway against the government forces,
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PITTSBURG BANK CLOSED. Subsidiary Trust Company Also Suspends Business. Pittsburg, Jan. 23.-The Traders and Mechanics' bank, a state institution, has been closed by the state bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, also closed, but voluntarily, it is said. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions Receiver White says the depositors will be paid in full.
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PITTSBURG BANK FAILURE Traders' & Mechanics' Closed by Order of Examiners-Trust Company Also Involved. Pittsburg, Jan. 22.-The Traders' and Mechanics' bank, a state institution, was closed today by the bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, was closed, but voluntarily, it is said. The Traders' and Mechanics' bank had a capital of $100,000. It was closed by order of James I. White, as temporary receiver. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Receiver White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says, the depositors will be paid in full. The suspension of the bank, it is said, has been expected for some time. Only a few persons congregated around the bank and there was no excitement. The last statement showed deposits, check and special time certificates of deposit, certificates of deposit and certified checks of $411,577.
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THE NEWS THIS MORNING. CONGRESS-House: Discussion of the Penal Code bill occupied most of the time of the session; Mr. Kimball, of Kentucky, made a humorSenate: The Penal Code bill ous speech. was discussed; an attempt was made to have the Harvester Trust investigation called off. FOREIGN.-The American battleship fleet sailed from Rio de Janeiro for Punta Arenas; President Penna visited the Minneapolis and hearty farewells were exchanged; a Brazilian squadron accompanied the warships to sea. Prince von Büllow declined to answer a Socialist question on the subject of suffrage in Prussia and in the uproar which followed the ministers Volcanic disturbances off left the house. the coast of Yucatan have caused the disappearance of three islands. The Chilian Congress passed the bill for a railway running from north to south: it is intended ultimately to General extend the line to the frontiers. Firmin. who with other exiled Haytians salled from St. Thomas recently, is said to have made several attempts to land in the republic; government forces are preparing to attack Gonalves. DOMESTIC.-The letter of Governor Hughes caused discussion in Washington, but there was a disposition to wait for his promised speech The before expressing decided opinions. urgency deficiency bill, covering $24,174,450, was The Republican General Comreported. mittee of Rensselaer County indorsed Governor The Public Service Hughes's candidacy. Commission for the 2d District made its first annual report to the State Legislature; an investigation of passenger rates in the state is It was announced at Boston promised. that Dr. Karl Muck, conductor of the Boston Symphony Orchestra, would not remain with the orchestra after the present season. Irving E. Salmon, of Morristown, N. J., committed suicide by shooting near Syracuse. The Traders and Mechanics' Bank, of Pittsburg, and the Treasury Trust Company, a subsidiary, occupying the same building, were closed by the state bank examiners. An attempt was made to dynamite and burn the Hayes-Sory regie tobacco factory at Clarksville, Tenn.; the guards killed two negroes and wounded another. The CITY.-Stocks moved irregularly. Hughes boom was launched in earnest at a meeting held in this city. District Attorney Jerome was extremely angered by the failure of A. H. Curtis, ex-president of the National Bank of North America, to appear before the grand jury. A pound for automobiles left unattended in the street was started and a raid made on such cars. It was announced that the funeral of Morris K. Jesup would be held at noon on Saturday. The rumor that the Rothschilds had severed their connection with Belmont & Co. was denied. Fire Commissioner Lantry said he knew nothing about hose and other details of the Fire Department. Edward N. Bassett, one of the Public Service Commissioners, brought an action to recover $50,000 for libel from Mrs. Helen J. Dole and Miss Jennie Dole, of Brooklyn, and their attorney, Alfred Hughes. Frank Brady, an advertising solicitor, was shot to death in a Broadway restaurant by a woman, who emptied another revolver into herself and died two hours later. THE WEATHER-Indications for to-day: Fair and colder. The temperature yesterday: Highest, 50 degrees; lowest, 38.
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PITTSBURG BANK FAILS; DEPOSITORS TO GET ALL. Traders and Mechanics' and a Subsidiary Trust Company Closed. Pittsburg, Jan. 23.-The Traders' and Mechanics' bank a state institution with a capital of $100,000, closed its doors yesterday, and James L. White was appointed temporary receiver. The Treasury Trust company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Accordling to Mr. White the trouble results from the inability of the bank to make clearings and maintain its reserve. The depositors probably will be paid in full.
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PITTSBURG BANK IS CLOSED STATE INSTITUTION SHUTS ITS DOORS TEMPORARILY. Receiver Says Indications Are That Depositors Will Be Paid Their Cash In Full. Pittsburg, Pa., Jan. 23.-The Traders' and Mechanics' bank, a state institution with a capital of $100,000, closed its doors Wednesday. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says, the depositors will be paid in full. William Kemmler, Jr., is president of the Traders' and Mechanics' bank. The suspension, it is said, has been expected in financial circles for some time. Only a few persons congregated around the bank, and there was no excitement. The condition of the bank, published December 19, showed that the deposits, checks and special, time certificates of deposit and certified checks, amounted to $431,577.37, while the money due from the banks and bankers amounted to $39,656.42. Chicago, Jan. 23.-A. C. Tisdelle, private banker at 94 La Salle street, has made an assignment of his bank and all its property and assets to Charles A. Root, his cashier, and the doors of the bank were closed to depositors and others Wednesday. Every move in the assignment, which involved liabilities of $73,957.47, was surrounded with mystery, and the details were said to be unusual. The assets are given as valued at $95,786.29. It was learned that the affairs of the Commonwealth Trust and Savings bank, the union labor four per cent. bank, which were about to be finally wound up, figured in Tisdelle's misfortune. Boise, Idaho, Jan. 23.-Walter S. Bruce was Wednesday appointed re ceiver of the Capital State bank, which suspended.
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FINANCIAL AND INDUSTRIAL The reduction of working hours of Union Pacific shopmen is to be followed with a reduction of working days from six to five a week. The Omaha + World-Herald quotes Vice President Mohler as charging the reduction to "President Roosevelt's mania for 'reform'' and indicating that his company would work with a reduced force so long as the president's activity against corporations continues. Comptroller of the Currency Ridgely has ordered the National Bank of North America of New York city closed for liquidation and appointed Charles Hanna, national bank examiner, as receiver. The bank had deposits of over $19,000,000 on Aug. 22 last, but heavy withdrawals reduced this sum to about $6,000,000 on Dec. 3, the date of the last report. The Traders and Mechanics' bank of Pittsburg, a state institution, has been closed by the state bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, also closed, but voluntarily, it is said. Because of a falling off in street car travel, due to business depression, the Philadelphia Rapid Transit company has withdrawn 100 cars from service and within the next few days will take off twenty-five to forty more. Figures prepared for one of the large railroad companies show that there are 320,000 idle freight cars in the United States and about 8,000 locomotives laid up because of the falling off in traffic. Dispatches to Dun's Trade Review indicate that trade increases gradually, but progress is still slow. The financial improvement is still the best feature of the situation. The State Bank of St. Paul and the Citizens' Saving bank of St. Paul have closed their doors. It is believed depositors will be paid in full. The Capitol State Bank of Idaho at Boise has suspended. The bank had deposits of $1,076,722.
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FINANCIAL $ $ Jan. 2-State Bank, Rockyford, Col., closed doors. Ka 6-Four big New York diamond firms forced into trustee's hands: liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of D. receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex. largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa.. closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. -People's National bank. Aspin. Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon. Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa.. stockbrokers. failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. a Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed. following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.
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FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. -Chicago Great Western railroad JOHN placed in hands of receivers. 16-Western Bank and Trust Co., Dallas, Tex., largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine decision unanimously reversed by United States court of appeals at ChiAug. cago. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.
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Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-N: ional Bank of North America, New Yor: closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr: 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 flue decision unanimously reversed by United States court of appeals at Chicago. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.
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FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex., largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, Jun. $1,800,000. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed Jul. doors. -National Deposit bank, Philadelphia, Pa., closed by comptroller of cur17-Farmers rency. and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine dectsion unanimously reversed by United States court of appeals at ChiAug. engo. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's Oct. hands. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sen23-Eldred tence. bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.
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Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank. both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial: sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, falled for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland. O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed: liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declstep unanimously reversed by United States court of appeals at Chiengo. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield. Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.