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NATIONAL BANK CLOSED TODAY COMPTROLLER OF CURRENCY APPOINTS RECEIVER FOR INSOLVENT INSTITUTION. WASHINGTON, July 5.-The Fort Dallas National Bank was closed to. day by order of the Comptroiler of Currency. Bank Examiner J. K. McDonald was appointed receiver of the insolvent institution. The bank's resources and liabilities slightly exceed ed eight hundred thousand dollars at a last report.
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tions may greatly aid it in its action now pending for the dissolution of the trust. It also recognizes the propriety of Landis striving to ascertain the extent of the trust's property before imposing any part of the possible $29,000,00 hre in the rebate cases, already determined. It cannot, however, suggess to Landis any limitations upon his judicial course, and is thus helplessly standing by with the prospect of seeing the oil king march triumphantly out of Chicago after giving but meagie information of the Standard's business, but thereby securing abso late immunity from the prosecution he has feared. It is not believed at the department that Mr. Rockefeller seriously attempted to evade service. The opinion is that he hid just long enough to get the gaze of the country at large centered on his pursuit, and then gave himself up, in the belief that a failure to put him on the stand after 80 much fuss would have a tendency to weaken the goverment's case in popular estimation. The Fort Dallas National Bank of Miami, Fla., was closed today by direction of the comptroller of the currency, upon information received from Bank Examiner J. K. McDonald, that that the bank is insolvent. Examiner McDonald has been appointed receiver. The bank's resources and liabilities at the close of business May 30, 1907 were $808,466.08. Michael J Galvin, 23 years old, a member of Company E., Second Battalion, Engineer Corps, fell overboard from the arsenal wall this morning and WIS drowned. His body was recovered.
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FLORIDA BANK GOES TO WALL The Fort Dallas National, of Miami, Placed in the Hands of a Receiver. WASHINGTON, July 5.-The Fort Dallas National Bank of Miami, Florida, was closed to-day by direction of the Comptroller of the Currency upon information received from Bank Examiner McDonald that the bank is insolvent. The liabilities are given as $808,466. According to a statement made on May 20th last, the bank had loans and discounts amounting to $260,899. circulation of $52,000, United States bonds and premiums, $19,500, and "bonds, securities, claims, etc.," $274,560. There was due from banks and bankers $96,400. and cash and cash items on hand, $52,507. The capital stock of the bank was $100,000; its deposits, $573,918; bills payable, $55,000, and $18,750 was due to banks and bankers.
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A WFEK'S NEWS CONDENSED Tuesday, July 2. Despondent and out of work, Walter L. Latham committed suicide near Ambler, Pa., by drinking poison. One man was killed and a dozen others injured by being struck by a train at the Carnegie steel plant at Youngstown, O. Because Miss Minnie Phatum refused to marry him. Magnus Thompson shot end fatally wounded her and then killed himself, at Blackbrook, Wis. Carl Pohlig, court conductor of the Royal Opera of Stuttgart, has been engaged as conductor of the Philadelphia Orchestra, to succeed the late Fritz Scheel. Wednesday, July 3. Governor Hughes called an extra session of the New York legislature for July 8. The Casino building on the bluff overlooking the James river at Newport News, Va., was destroyed by fire. Loss $16,000. Spontaneous combustion among fireworks caused a fire in Minneapolis which destroyed a four-story building and caused a loss of $150,000. The first national bank of Hicksville, O., has been closed by drection of the comptroller of the currency, and a receiver appointed. Friday, July 5. Rear Admiral Norman V. H. Farquhar, retired, died in Washington of apoplexy. Connie McGeehan, a well-known base ball player, died of tuberculosis at Hazleton, Pa. The plant of the Larrabee Flour Milling company, at Stafford, Kan., was destroyed by fire, entailing a loss of $150,000. Fire destroyed the main building of the Toasted Corn Flakes company's plant, at Battle Creek, Mich., causing a loss of $75,000. Major Chester Harding, of the engineer corps of the army, has been ordered to the Isthmus of Panama to assist Lieutenant Colonel Goethals, the chief engineer. Saturday, July 6. : Two earthquake shocks that shook buildings and rattled windows and dishes were felt at Bismarck, Mo. George E. Roberts, director or the United States mint, was elected presi) dent of the Commercial bank of New York. Charles B. Warring, Ph. D., author of several well known scientific works, died at Poughkepsie, N. Y., aged 82 years. The Fort Dallas National bank of Miami, Fla.. was closed by direction of the comptroller of currency. Liabilities are $808,466. s Distressed by the noises of the Fourth of July celebration, Mrs. Johannel Evert, a widow, hanged herself from a bedpost in her home in Jersey City. C . Monday, July 8. Horse theft sent Albert Boots from Lancaster, Pa., to the penitentiary for five years. Crushed under a crated wagon a the Western Maryland railroad freight . warehouse, at York, Pa., Marsh Ying ling, a trucker, may die. d Three youths, stealing a ride on a freight car entering Boston, were struck by an overhead bridge, killing one and fatally injuring another. I While he was dropping beans in a field near Bellwood, Pa., Ira Shoenfeld good 15 was mysteriously shot in the
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A BEAUTIFUL OBJECT LESSON The manner in which the people of Miami and vicinity rallied to the support of the two solvent banks yesterday immediately following the suspension of the Fort Dallas National Bank. and at a time when a heavy run was threatened. teaches the world a beautiful object lesson and what noble and patriotic men can do. It will be the means of restoring confidence in local financial conditions. As soon as the suspension of the Fort Dallas National Bank became known, the cooler and wise business heads of merchants and citizens in general realized that the heaviest strain, if any came, would be on the bank of Bay Biscayne, because of President W. M. Brown of the Fort Dallas. being also president of the Bank of Bay Biscayne, and expressions were common: "We must save that bank. and now is the time to do it." Men who had never carried accounts there before rushed off to gather up their receipts of the two days before and place them there. while regular depositors added more to their accounts. Even savings banks were robbed and the contents dumped into the funds of the institution. Every dollar would help, and they knew it. They were willing to take their chance against loss, and took it bravely and fearlessly. For every dollar that was drawn out by the smaller depositors five were placed against it. The bank has fortified itself against a possible run and could have paid every draft without a deposit being made that day, but that was not the question. The institution must be saved. and the public manfully. cheerfully and heroically did their part with all their heart. They cared not how much money the bank had. It must have more, they must do their duty, and they did it. No more beautiful tribute than this can go out to the world. In the 1 face of possible loss, financial ruin, and even poverty, if the bank went I under, they took their chance, fearon lessly, willingly. and helped save the day. The excitement is over. ConfiI dence has been restored among the et few who were fearful of the result, and a day or two hence the business of Miami will be rocking along in its a even tenor. Its people have demonstrated their worth as citizens. Too I t much credit and praise cannot be given them.-Miami Metropolis. u
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of total fire waste for the first half 1907 up to $117,477,500. Mark Twain, in London, denied the report that he was to marry Miss Lyon, his secretary. While crazed with drink Maurice Hills of Chicopee, Mass., attacked his divorced wife with a revolver and killed James Delehanty, a farmhand, who interfered to protect the woman. J. Hamilton Lewis of Chicago, in a Fourth of July address at Whitewater, Wis., predicted Chicago would be the largest city in the world's history and that the United States would whip China and Japan in war. With his skull fractured and face terribly beaten, George McGuire, a reporter for Bradstreets, was found in a dying condition in the streets of San Francisco. He died at the receiving hospital. The tug San Bernito, built in Hamburg for the Hamburg South American Steamship company's Amazon service, foundered in the Bay of Biscay while in tow for Brazil. The captain and six men were drowned. Judge Charles Swayne, of the United States court for the northern district of Florida, died at the University of Pennsylvania hospital. The Fort Dallas National bank, of Miami, Fla., was closed by direction of the comptroller of the currency. May Sutton of California regained the title of British tennis champion by defeating Mrs. Chambers. Four pounds of giant powder exploded in a boat at Cedar Rapids, Ia., killing two persons and wounding five others. Fourth of July celebrations in the resulted in of The United 37 persons. States injured the numbered deaths the fire loss was the 2,153, Bill and Squires, Australian $340,555. cham- first pion, was knocked out in the round by Tommy Burns at Colma, Cal. Edward S. Blackall, 23 years old, committed suicide on a Chicago & Alton Prairie State express 20 miles north of Bloomington, m., by cutting his throat with a razor. III health was given RS the cause. One man was killed, one fatally injured and a score of persons seriously hurt in a collision of three electric cars at East Providence, R. I. Alighting from a street car, Miss Carrie Wilkenson, 55 years old, was almost instantly killed by being struck by an automobile at Indianapolis. Herman Bartels, the millionaire brewer of Syracuse, who has been fighting extradition proceedings to the United States, escaped from custody at Osgoode Hall, Ont. Meyer Goldberg, 49 years old, said to be a well-to-do horse dealer of h Chicago, was locked up in New York 1 at the request of the Chicago police on a charge of larceny of $4,300. h Martin J. Sheridan, of the IrishAmerican Athletic club of New York, won the aTl around championship of e the Amateur Athletic union at Celtic 1 Park, L. II. e Seventeen persons were killed and many injured by storms in western Wisconsin. It has been learned that $3,000 dise appeared in some mysterious manner from the United States subtreasury at Boston early in June. The customs authorities of Venice 1 searched J. Pierpont Morgan's yacht Corsair, having been informed that a number of pictures from the Strozzi were on 1 was recollection The search, however, concealed without board. sult. The protests of Mr. Morgan, who was on board at the time, were disregarded. S Dr. Albert E. Carrier, a prominent physician of Detroit, widely known as a specialist on skin diseases, dropped dead of heart disease. Maj. Charles R. Knowles, of Albany, N. Y., dropped dead at the Pittsfield County club while playing golf. s The Hotel Gordon, Kingwood, Va., was totally destroyed by fire. The guests had narrow escapes. Francis B. Thurber, one of the organizers of the New York board of trade and transportation, died, aged 66 1 years. He was widely known as a grocer, publicist and lawyer. I The 100-kilometer bicycle race for the championship of the world was run at the Parc des Princes, Paris, and won by the Englishman Meredith. Marquis Ito questioned the emperor of Korea about the complaint made to The Hague conference by Koreans and gave him to understand that his intriguing against Japan must stop. Rexford Dew, of Wilson, N. C., shot and instantly killed his young wife and his brother. He made no denial of the tragedy. President Roosevelt appointed Ormscommittee on to by McHarg, pensions, clerk New of the Mexico. senate investigate alleged frauds in Frank-Schmelzer, of Silverton, Col., who was elected a member of the executive board of the Western Fed-
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FACTS ABOUT MIAMIFAILURE East Coast Ice Company Heavily Involved in Bond Issue. IMPORTANT DICISIONS Petition of J. K. McDonald, Receiver of Defunct Bank, to Judge Shelby. Details of Judge's Decisions. Action against W. M. Brown, former president of the defunct Fort Dallas National bank, of Miami, its former ashier, George R. Gomph, the Florida Cast Coast lee Company. of Miami, and the Empire Trust Company of New York, has been begun in the United States court by J. K McDonald, as re geiver of the Fort Dallas National bank. The petition of the complainants alleges fradulent transactions, and the court is asked to declare certain sales all and void, to order an accounting, appoint a special master for this purbose, to enjoin the further issuing of onds by the Florida East Coast Ice Company, to place the ice company in hands of a receiver, and for such ther relief as the petitioner may be ntitled to. The petitioner is represented by Attorneys Hudson & Boggs, of Miami. A copy of the petition was placed in office of Clerk F. O. Locke Friday, hile the original was taken to Birmagham and presented to Judge Shelby, Tudge J. W. Locke being absent from district. K. McDonald, as receiver of the Fort Dallas National bank, the defunct Tiami institution, sets up in his petithe following allegations: That prior to July 5. 1907, the Fort allas National bank was engaged in a general banking business, but that on date it was, by order of the compcoller of the treasury of the United States, closed, and on July 15, the apcinted receiver (MeDonald) was orStred by the comptroller of the treasto bring this action. That the respondent, William M. wown, was a director of the bank, and president; that the respondent Geo. Gomph, was a director of the bank its cashier, and that Brown and omph, were directors and president treasurer respectively, of the FlorEast Coast Ice Company. Then comes the allegation, as follows which the action is primarily based: That on May 14, 1907, at "a pretended eeting" of the directors of the Fort allas bank, at which it is alleged there present William M. Brown, Geo. Gomph and H. E. Tuttle, it is larged that Brown offered to sell to bank bonds of the ice company, to amount of $100,000, as a portion of issue of $200,000 alleged by Brown being then ready, or nearly ready issuance. That a statement was presented to effect that the company had earned per cent on $500,000 capital stock, its bonds were selling at 105.75; d that it was decided to take up 200 of bonds, at their par value. That May 15, 1907, there is entered on books of the bank the sum of $100,charged to the account of "other and bonds," for 200 bonds of the
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pany has made a mortgage on certain of its property holdings, described in the petition, to the Empire Trust Company to secure payment of a former $50,000 bond issue. That the assets of the Florida East Coast Ice Co. do not exceed $100,000. That the Florida East Coast Ice Company is indebted to the Fort Dallas National Bank on promissory notes, $19,800 overdraft on account, $4,613.63; and as an endorser of the paper of the consolidated Warehouse Co., $8,000. That the capital stock of the Fort Dallas National bank was $100,000. That the respondents, William M. Brown and George R. Gomph, are absent from the State and are insolvent That the Florida East Coast Ice Company is now insolvent. That it was known that the issue of the $200,000 in bonds would render the said Florida East Coast Ice Company insolvent, that it would depreciate the securities of the Fort Dallas National bank, and that it is the intention of the said respondents, Brown and Gomph, to still further depreciate the securities by a further bond issue. The prayer of the petitioner may be briefly summarized as follows: That the respondents be summoned to make true and direct answer to the complaint, answer under oath being expressly waived. That an accounting be ordered by the court. That a special master be named for the taking of testimony, etc., as to the facts in the case. That the Florida East Coast Ice Company be enjoined and restrained from any further issuing of bonds. That the Florida East Coast Ice Company be put in the hands of a receiver, and that such other relief be granted as the petitioner may be declared entitled. The petition is signed by J. K. MeDonald, as receiver of the Fort Dallas National bank. and is properly sworn to by him before a Miami notary public. The prayer of petitioner has been granted by Judge Shelby, except the appointment of a receiver for the ice company, which was refused on the ground that the defense not given notice of the intention to apply for a receiver.
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W. M. BROWN MAKES PUBLIC STATEMENT W. M. Brown, president, and George R. Gomph, cashier, of the suspended Fort Dallas National Bank, and J. A. McDonald, president of the Bank of Bay Biscayne, who have been in the north endeavoring to adjust the affairs of the bank, have returned to Miami.
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LATE STATE NEWS. The prohibitionists of Marion county are organizing for another "wet or dry' campaign. Claude L'Engle and Gov. Broward are again at the capital, having returned from New York last Monday night. The Calexto Lopey y Ca cigar manufactory of Havana, Cuba will move to West Tampa. This factory will employ over 700 men. Howell Sheats. a son of Hon W. N. Sheats of Tallahassee, has been signed to play with the Jacksonville baseball club next year. Hon. W. M. Holloway, state superintendent of public instruction, a has announced that he will be candidate to succeed himself. The acreage in Mango groves in Dade county is being greatly increased and an effort will be made to increase the market for this summer fruit. The authorities of St. Augustine will soon erect a fine public school building on the moat property which will be formally transferred by the government to the school board. And now a prohibition league is to be formed in Pensacola and an effort made to make Escambia county dry Petitions are already in circulation asking the county commissioners to call a special wet or dry election. The Starke Tigers defeated the Oak Halls of Gainesville at a game of baseball on Tuesday by a score of 4 to 1. The Starke club is about the best amateur aggregation of ball players in the state. A bolt of lightning set fire to the big fertilizer plant of the Armour's in Jacksonville last Sunday and the loss, including value of stock on hand, is about $100,000. The plant employed about 200 men and will be rebuilt The acting mayor of Ocala has fined a local hackman $50 and costs for driving a team of hack horses whose condition was unfit for work. This is the fourth or fifth case of the kind that has been up in the Ocala municipal court. Judge George N. Bardin an old and popular citizen of Clay county died at his home in Green Cove Springs last week of cancer of the stomach. He was county judge at the time of his death. He had been 35 years in the public service in various offices. Charles Leidy jr., a lad 14 years old, living at Panama Park. was killed by lightning on Sunday. He with a party of half a dozen ladies and children had entered a store to escape the storm. All were rendered unconscious by the bolt which killed Leidy by breaking his neck. J. K. McDonald, receiver of the Fort Dallas National Bank of Miami reports to the comptroller of the currency that the total assets of the bank amount to $667,101, of which $137,700 are good, $404,575 doubtful and $134,825 worthless. The total liabilities, which does not include capital stock, amount to 577,076. The railroads centering in Jacksonville have requested permission of the State Railroad Commissioners to close their freight depots Saturday afternoons in order to give employes a half-holiday. The law now requires that all freight depots be kept open from 7 a. m. to p. m. each week day during the year. Rev. M. P. Foley, D.D., Rev T Moore, Rev. M. Maher, D. D. and Rev. John O'Brien, all prominent priests in the Catholic diocese of Florida, were classmates in the American college Rome. Fathers, Mayer, O'Brien and Foley have just celebrated the 15th anniversary of their ordination to the priesthood. The big sawmill at Cornell, five miles south of Ocala, on the Atlantic Coast Line was burned Saturday The fire started in the roof over the boiler and in a few minutes spread over the mill. Most of the merchantable lumber was saved, but about 25,000 feet of other lumber was burned, with the mill. The commisary was saved. The loss was much in excess of $5,000, with no insurance. Hon. W. H. Hooker, representative in the legislature from DeSoto county, has just purchased four thousand beef cattle of Capt. James Hendry of Fort Myers for which he paid $60,000. Mr. Hooker was reputed to be the wealthiest man in the last legislature. though he never put on any "lugs' and was just plain Bill" Hooker to those who came to know him well. A report is current in Key West that Editor W. W. Thompson. of the Key West Citizen, is in trouble in Nassau. Hewent over there about month ago to straighten affairs of the Prudential Benefit Association of which he was president. Two weeks ago he was heard from. stat ing he was having considerable trouble with natives, who threatened him violence if he attempted to leave the island, but nothing has been heard from him since. He is accompanied by his wife and child. and some anxiety is felt for his security. Careful experiments conducted during the past two months by the agents of the department of agriculture, following closely along lines modern fumigating methods in use in California have resulted in acquiring detailed information regarding the practicability of this line of treatment for the white fly. It is expected that in the course of a few months there will be available a publication dealing with the as to conditions fumigation mendations and givingspecific adapted subject of Florida recomas to usage and methods of procedure.--Orlando Democrat.
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Fort Dallas Bank Report. The first report to the comptroller of the currency by L. K. McDonald, receiver of the Fort Dallas National bank of Miami, shows the total assets of the bank to be $667,101. The receiver estimates $137,700 as good, $404,577 as doubtful and $134,825 as worthless. The total liabilities, which does not include capital stock, amount to $577,076.
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The Miami Defunct Bank Appearances seem to indicate that the grand jury is now delving into the accounts of the defunct Fort Dallas National Bank, for several armfuls of the records of the bank have been taken into the grand jury room, and Receiver J. K. McDonald is in attendance at the court room. How long the grand jury will work on the case cannot be estimated, but it is evident that they will make a thorough examination of the books of the bank.--Tropical Sun.
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FINANCIAL to Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency. 5-Fort Dallas National bank of Miami, Fla., closed. 20--Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. it-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of in'debtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.
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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 4-First National bank of Scotland, S. D., close by bank examiner. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 2-First National bank of Hicksville, O., closed by comptroller of currency 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 10-H. D. Reynolds' bank of Valdez, Alaska, closed doors. 15-First National bank of Dresden, O., failed. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. 1., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 20-California Safe Deposit & Trust Co. bank, at San Francisco, closed. Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed. United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18--Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver Dec. 2-Chelsea Savings abnk of Chelsea. Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro. Mass. in hands of receiver
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Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. It-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump- in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. -Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co. of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. Finanbank, at San Francisco, closed cial corditions in New York practically normal again. Nov. 4- Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financlal situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City. suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.
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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street: Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. M-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private Institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks. Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. M-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. $0-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling Interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal. and Farmers' & Merchants' bank of Bapulpa, I.T., suspended. as Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 17-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. Fort Pitt National bank of Pittsburg, closed. l7-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.
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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. -F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. -Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary Detition in bankruptcy 25 Six more minor banking Institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. 36-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. e-Receiver appointed for Arnold Print works of North Adams, Mass. one of largest textile concerns in country. 12-Merchants National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., 18- of Treasury dered Secretary suspended. Cortelyou orissue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving finanetal situation City National bank of Frederick, Okla. failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2 Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg. closed. 17-Jewelers National bank at North Attleboro, Mass., in hands of receiver.
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THE manner in which the Miami Metropolis has been going after the receiver of the Fort Dallas National Bank, for incompetency and mismanagement of the assets of the wrecked institution, should bring forth the hearty applaudits of the creditors of the bank and the citizens generally. Miami is to be congratulated on having a newspaper that possesses sufficient stamina to speak out in defense of the common people as against the interests of wealth and position. and the citizens should see that moral and financial backing is extended to its proprietors.
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# McDonald to Return to Miami We clip the following interesting article from the Miami Metropolis of Monday: Mr. A. A. Boggs, of the law firm of Hudson & Boggs, returned this morning from a fortnight's business trip to Philadelphia, Washington, Baltimore and New York, on a mission in connection with the litigation in the federal court wherein the receivership of the Fort Dallas National bank and the Halcyon Hall Hotel company are involved. In Washington and in New York Mr. Boggs consulted regarding the Empire Trust company, trustees of the matter, in the latter city, with the two mortgages against the Halcyon Hall Hotel company, involving some $280,000. New steps will probably be taken in this issue before many weeks, when the litigation will come to a head. Mr. Boggs stated to a Metropolis reporter today that Mr. J. K. McDonald, receiver of the Fort Dallas National bank is now en route to Miami from Washington, where he was called by the comptroller of currency in connection with the investigation recently made by Mr. J. W. Schofield into the management of the receivership of Mr. McDonald. Mr. McDonald, it appears, was en route to Birmingham, Ala., to testify in a case before the United States court, but owing to a slight illness in Jacksonville, was unable to attend court. He was then called to Washington to make answer to certain charges made by affidavits of individuals in Miami againt his conduct as receiver. What the outcome of the conference with the comptroller will be in respect to Mr. McDonald is not known, but Mr. McDonald's return here in a day or two would seem to indicate that the comptroller has upheld his stewardship over the affairs of the defunct institution.