4288. Chicago National Bank (Chicago, IL)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 2601
Charter Number: 2601
Start Date: December 18, 1905
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 949adce9

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension, Books examined

Description

Multiple articles (Dec 18-22, 1905) describe a quiet but real run on the Chicago National Bank, followed by suspension of operations of the Walsh-controlled institutions and subsequent liquidation/closing. Causes cited are heavy loans/investments in John R. Walsh's private railroad/coal enterprises (bank-specific adverse information). The clearing-house banks guaranteed depositors and paid out funds, officers resigned, and the institutions were wound up.

Events (5)

1. December 18, 1905 Run

Cause: Bank Specific Adverse Info
Cause Details: Runs followed revelations that the Walsh banks were heavily invested in unavailable securities and large loans to John R. Walsh's private railroad and quarry enterprises.
Measures: Clearing House committee & allied Chicago banks guaranteed payment of all depositors on demand; paying tellers paid checks in cash; new directors appointed and officers resigned.
Newspaper Excerpt: long lines of depositors formed at the Chicago National Bank ... nearly $6,000,000 ... paid out
Source: newspapers

2. December 18, 1905 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Institutions were embarrassed by investments in unavailable securities and large loans to Walsh's private enterprises (Southern Indiana Railroad, Bedford quarries), prompting suspension and takeover by clearing-house committee.
Newspaper Excerpt: the Chicago National Bank, the Home Savings Bank and the Equitable Trust company ... have suspended operations
Source: newspapers

3. December 19, 1905 Other

Newspaper Excerpt: All of the officers and directors of the Chicago National had tendered their resignations ... committee selected by the clearing house to act as directors ... pledged their resources that every depositor shall be paid in full on demand
Source: newspapers

4. January 19, 1906 Other

Newspaper Excerpt: All power of control in the Chicago National ... has passed from the stockholders to the presidents of six other Chicago banks ... who form the committee in charge of the liquidation of the assets
Source: newspapers

5. March 5, 1906 Other

Newspaper Excerpt: Arrest of John R. Walsh ... receiver ... discovered what appeared to be violations of the law ... matter turned over to the United States attorney
Source: newspapers

Newspaper Articles (25)

1. December 19, 1905 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, December 19, 1905

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ally to take whatever action was sary. On his arrival in Chicago ference was immediately had y state authorities and the ( House committee, which co from 10 o'clock Sunday mornir 5 b'clock Monday morning. In : to the Clearing House committ resentatives of all the Clearing banks were called into the con about T o'clock Sunday morni comptroller feels that great e due not only to the Clearing committee, but to all the other ing House banks for the promp rous action and the broad minde shown in meeting this emergen Officers of the Chicago I Bank were: President, John R. Walsh; vi ident, F. M. Blount; directors, Walsh, F. M. Blount. John M. C. K. G. Billings, Maurice Ros F. G. McNally, William Best. The deposits in the bank we 483,000 and there is due to other $2,038,751. I Officers of the Home Savings President, William J. Onaha president, Maurice Rosenfield; tors, C. K. G. Billings, Maurice feld, John M. Smyth, W. J. ( John R. Walsh, William Best. The officers and directors of th table Trust Co. were the same a of the Home Savings Bank, w exception that Mr. Walsh was pi in place of Mr. Onahan. The Savings Bank had savings dep $3,560,000. The Equitable Tru: outstanding certificates of depo accrued interest amounting to $ and deposits in trust valued at 000. There is no question of the ability of any of the assets of latter institutions, and only a d to the value of the bonds of the ern Indiana Railroad among th rities held by the Chicago N Bank. The Chicago National Banl publicly supposed to be one strongest and most consery managed institutions in the Wes citement ran high when it " nounced in extra editions of the ing papers that the banks w volved. The statement of Com Ridgely and the published ani ment of the Chicago Clearing to the effect that the other b: the city had pledged that all dei would be paid in full on dema lieved the tension, however. Around the Chicago Nationa there was no disturbance duri day. There was a run on the but it was of the quiet order. ness men who called at the : inquire into the condition of were told that they could wi the money at any time they 1 All checks that were preser the window of the paying telle promptly paid in cash, and man balances were drawn out by de) other banks. passing throug Clearing House in the ordinar Savings depositors of the Savings Bank did not take the tion as calmly as did the cus of the National Bank and by t the doors were open there was of 500 men waiting to withdr counts. Ample provision had made to meet the run. and : counts were liquidated as soon sented. The following committee was ed by the Clearing House to directors in the place of those y resigned: James B. Forgan, president First National Bank; John J. N president of the Illinois Trus Savings Bank; Orson Smith, pi of the Merchants Loan & Tru James H. Eckles, president Commercial National Bank: B Smith. president of the Norther Co.; C. K. G. Billings, and C. worth. Chicago financiers place all Walsh's troubles at the doors Southern Indiana Railroad. A of years ago he purchased th ford Stone Quarry in Indian: shipping outlet for the quarri not as good as he desired and structed the Southern Indian: road to afford an outlet for his products to Terre Haute, wh came in contact with the Chica Eastern Illinois Railroad for tr tation north and south. He quently determined to build road a terminal to Chicago, a

2. December 19, 1905 New-York Tribune New York, NY

Article from New-York Tribune, December 19, 1905

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THREE BANKS SUSPEND J. R. WALSH IN CRASH. Chicago Financiers Guarantee Payment of $26,000,000. [By Telegraph to The Tribune.] Chicago, Dec. 18.-Following the announcement made jointly by the clearing house committee of the Chicago Associated Banks and W. B. Ridgely, the Controller of the Currency in the morning papers to-day- that the three banks here controlled by John R. Walsh-the Chicago National Bank, the Home Savings Bank and the Equitable Trust Company-were financially embarrassed, developments were quick and numerous. The most important fact in the announcement of the bankers, made after a mnineteen-hour meeting, was that the Associated Banks would guarantee that every depositor would be paid in full. This coming upon the heels of the failure of Mr. Walsh's banks was reassuring, not only to the banking fraternity of Chicago, but to the public generally. At no time to-day was there any sign of a panic. Promptly at 10 o'clock this morning long lines of depositors formed at the Chicago National Bank-the home of three Walsh institutionsand with a strong police detail on hand to preserve order the bank's employes began passing out money to depositors and kept it up until the closing hour this afternoon. In this time nearly $6,000,000 of the $26,000,000 deposited in the three institutions had been paid out, and the unpaid depositors outdoors were told to be on hand to-morrow morning, when payments would be resumed. Ample funds had been provided by the other banks of the city, in addition to the available funds of the Walsh banks. Shortly before noon John R. Walsh, president; Fred M. Blount, vice-president, and all the directors of the Chicago National Bank, except C. K. G. Billings, who is in New-York, resigned. They were succeeded by a new orgarization of all the members of the Clearing House Committee of the Chicago Associated Banks, viz.: James B. Forgan, John J. Mitchell, Orson Smith, James H. Eckels. Byron L. Smith, C. K. G. Billings and Charles H. Bosworth. The last named, the national bank examiner who examined the Walsh banks, was elected president of the new organization, whose mission it will be to pay depositors and liquidate the bank's indebtedness. This syndicate has taken over all the assets and liabilities of the Walsh institutions and will try to realize all that is possible from the securities turned over by Mr. Walsh and his associates. These are all valuable, but the col-

3. December 19, 1905 The Daily Sentinel Grand Junction, CO

Article from The Daily Sentinel, December 19, 1905

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Walsh Goes Unmolested ! Special to The Sentinel. Chicago, Dec. 19.-Not a finger has been lifted by the authorities against John R. Walsh, whose excessive loans caused the suspension of the Walsh banks and almost caused a widespread national panic. involved in the failure is one of the largest financial institutions ever formed in this country. Forty-eight hours ago Walsh was looked upon as the second Richard Mann in Chicago. Practically normal conditions were restored in local banking circles today and there was not the slightest indication of the disturbances caused yesterday by the suspension of the Walsh banks. The run on the Chicago National and Home Savings bank continued but there was no excitement whatever around the National bank and but very little in the offices of the Home Savings Bank.

4. December 19, 1905 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, December 19, 1905

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Chicago, Dec. 19.-Practically norma) conditions were restored in local banking circles today. Runs on the Chicago National and Home Savings banks continued, but there was no excitement. It is believed by tomorrow night the greater portion of the deposits in both banks will be withdrawn.

5. December 19, 1905 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, December 19, 1905

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Had High Reputation I Whatever might have been known in the inner financial circles of the condition of the Chicago National bank, it was by the public supposed to be one of the strongest and most conservatively managed institutions in the west. Excitement ran high, therefore, when it was announced in the extra editions of the morning papers that the banks were involved. The statement of Comptroller Ridgely and the published announcement of the Chicago clearing house to the effect that the other banks of the city had pledged that all depositors would be paid in full on demand, relieved the tension, however. Around the Chicago National bank there was no disturbance during the day. There was a run on the bank, but it was quiet and orderly. Men who called at the bank to inquire into the condition of affairs were told that they could withdraw their money at any time they pleased; that the bank was open for the transaction of all business, save that of taking in money or of making loans. All checks that were presented at the window of the paying teller were promptly paid in cash, and many other balances were drawn out by deposit in other banks passing through the clearing house in the ordinary way. The savings depositors of the Home Savings bank did not take the situation as calmly as did the customers of the national bank and by the time the doors were thrown open there was a line of 500 men waiting to withdraw their accounts. Ample provision had been made to meet the run and all accounts were liquidated as soon as presented. Within an hour after the opening of the bank the excitement had died almost completely away, and although a long line of depositors stood in front of the bank until the close, there was not the slightest disturbance. 1 The paying off depositors will continue as long as claims are presented and the statement is made on the authority of the allied banks of the city that there is ample money to pay everything. Officers Resign Shortly after noon it was announced that all of the officers and directors 3 of the Chicago National had tendered y their resignations with the exception e of C. K. G. Billings, who is out of the city. The place of Mr. Walsh was filled by the selection of Bank Exam1 iner C. H. Bosworth, and the following committee was selected by the 1 clearing house to act as directors in a place of those who have resigned: e James B. Forgan, president of the First National bank: John J. Mitchell, e president of the Illinois Trust and Savings bank: Orson Smith, president e of the Merchants' Loan and Trust company; James H. Eckels, president of the Commercial National bank: Byron L. Smith, president of the NorthS ern Trust company; C. K. G. Billings and C. H. Bosworth. e Local financiers place all of Mr. e Walsh's troubles at the door of the Southern Indiana railroad. A number of years ago he purchased the Bedford stone quarries in Indiana. The shipt ping outlet for the quarries was not so a good as he desired, and he soon became d involved in arguments with the Monon & Chicago and Eastern Illinois railI roads, declaring that they were charging him a rate of freight that was are bitrarily high. He practically constructn ed the Southern Indiana railroad, the line of which lay near his quarries, and , ultimately secured by means of it an outlet which brought his quarries' product to Terre Haute, Ind., and there

6. December 20, 1905 The Evening Statesman Walla Walla, WA

Article from The Evening Statesman, December 20, 1905

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PANIC ENDED IN CHICAGO Run on the Banks Was Very Light Today. DEPOSITORS ARE NO LONGER WORRIED Walsh's National Bank at Bedford, Indiana, Is Also Meeting All Demands Promptly. CHICAGO, Ills., Dec. 20.-The assurances of the clearing house committee that all depositors of the Chicago National bank and Home Savings bank will be paid and the prompt payment of those appearing in the last two days, has relieved the tension. As a result only a few appeared to draw their money this morning. There were not more than 150 persons mostly savings bank depositors. The police announced that to draw the money now would cause a loss of interest and most of the depositors decided to wait until after January 1. The run on the Bedford, Indiana, National bank has ceased, business men there feeling that the bank is safe. Fred M. Blount, former vice president of the Chicago National, has resigned as treasurer of the drainage board. Blount says the custodians of the public funds knows that all the city's money is safe. At noon the line of depositors vanished. There is no outward sign of excitement.

7. December 21, 1905 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, December 21, 1905

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Chicago Banks Recovering. Chicago, Dec. 19.-Practically normal conditions were restored in local banking circles Tuesday and there was not the slightest surface Indication of the disturbance caused Monday by the suspension of the Walsh banks. The runs on the Chicago National and Home Savings banks continued but there was no excitement whatever around the National bank and but very little In the offices of the Home Savings bank.

8. December 22, 1905 Milford Chronicle Milford, DE

Article from Milford Chronicle, December 22, 1905

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ny THREE CHICAGO to (nBANKS he g siInstitutions Involved in to of John R. Walsh as in e DEPOSITORS LOSE NOT. enChicago, Dec. 19.-Three of th. k Bargest financial institutions in the west, the Chicago National Bank, the is Home Savings Bank and the Equitable eTrust company, all of them controlled 1by John R. Walsh, of Chicago, and in igreat measure owned by him have n suspended operations. Their affairs a will be liquidated as rapidly as possible and they will go out of business. e Mr. Walsh, who was the president f of the Chicago National Bank and of a the Equitable Trust company, and all a the other officers and all the directors S of the Chicago National Bank have resigned. National Bank Eaminer C. H. Boworth has succeeded Mr. Walsh as e the head of the Chicago National Bank, S and the places of the directors have been filled by men appointed by the ' Chicago Clearing House. Back of the new management stand b the allied banks of Chicago, which have pledged their resources that every depositor. shall be paid to the last cent, and that no customer of any one of the three institutions shall lose anything by reason of the suspension. This action prevented a disastrous financial panic. The immediate cause of the collapse of the institutions controlled by Mr. Walsh-is said to be the large amount of money which they have lent to various private enterprises of his, notably the Southern Indiana railway and the Bedford Quarries company, of Indiana. Mr. Walsh says that if he could have had a little more time and been left untrammeled in his operations he could have saved his banks and made enormous profits for himself and his associates. He bases this statement on his estimate of the value of the bonds of the Southern Indiana Railroad company. The liabilities of the three institutions are estimated in the aggregate at $26,000,000. Against this amount the banks and the trust company have resources that are, on a concervative estimate, worth $16,000,000. The bonds of the Southern Indiana Railroad company are estimated by Mr. Walsh at $16,000,000. They are considered by the comptroller, the state auditor and the clearing house committee to be worth a little more than half of that sum. The directors of the two banks. as well as Mr. Walsh, who has turned all of his private property, as well as that standing in the name of Mrs. Walsh, have pledged real estate and securities 0 valued at $5,000,000, making a total in assets of $29,000,000. estimating the railroad bonds at $8,000,000, against A $26,000,000 liabilities. at The deposits in the bank were $14, 483,000 and there is due to other banks PE $2,038,851. The following statement was issued by Comptroller Ridgely: "A misunderstanding seems to exist as to what has happened to the Chicago National Bank. This bank has not failed or closed its doors. It has been embarrassed by the investment of its assets in unavailable securities, but the banks of Chicago have come to its relief. and have guaranteed the payment in full on demand, of all the creditors of the Chicago National Bank. The bank is open for business as usual, with these guarantees behind it that it will meet all its obligations and every dollar at once."

9. December 23, 1905 Richmond Planet Richmond, VA

Article from Richmond Planet, December 23, 1905

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THREE CHICAGO BANKS FAIL Institutions Involved in Operations of John R. Walsh. DEPOSITORS LOSE NOTHING Chicago, Dec. 19.-Three of the largest financial institutions in the west, the Chicago National Bank, the Home Savings Bank and the Equitable Trust company, all of them controlled by John R. Walsh, of Chicago, and in great measure owned by him, have suspended operations. Their affairs will be liquidated as rapidly as possible and they will go out of business. Mr. Watsh, who was the president of the Chicago National Bank and of the Equitable Trust company, and all the other officers and all the directors of the Chicago National Bank have resigned. National Bank Eaminer C. H. Boworth has succeeded Mr. Walsh as the head of the Chicago National Bank, and the places of the directors have been filled by men appointed by the Chicago Clearing House. Back of the new management stand the allted banks of Chicago, which have pledged their resources that every depositor shall be paid to the last cent, and that no customer of any one of the three institutions shall lose anything by reason of the suspension. This action prevented a disastrous financial panic. The immediate cause of the collapse of the institutions controlled by Mr. Walsh is said to be the large amount of money which they have lent to various private enterprises of his, notably the Southern Indiana railway and the Bedford Quarries company, of In diana. Mr. Walsh says that if he could have had a little more time and been left untrammeled in his operations he could have saved his banks and made enormous profits for himself and his associates. He bases this statement on his estimate of the value of the bonds of the Southern Indiana Railroad company. The liabilities of the three institutions are estimated in the aggregate at $26,000,000. Against this amount the banks and the trust company have resources that are, on a concervative estimate, worth $16,000,000. The bonds of the Southern Indiana Railroad company are estimated by Mr. Walsh at $16,000,000. They are considered by the comptroller, the state auditor and the clearing house committee to be worth a little more than half of that sum. The directors of the two banks, as well as Mr. Walsh, who has turned all of his private property, as well as that standing in the name of Mrs. Walsh, have pledged real estate and securities valued at $5,000,000, making a total in assets of $29,000,000. estimating the railroad bonds at $8,000,000, against $26,000,000 liabilities. The deposits in the bank were $14,483,000 and there is due to other banks $2,038,851. The following statement was issued by Comptroller Ridgely: "A misunderstanding seems to ex1st as to what has happened to the Chicago National Bank. This bank has not failed or closed its doors. It has been embarrassed by the investment of its assets in unavailable securities, but the banks of Chicago have come to its relief. and have guaranteed the payment in full on demand, of all the creditors of the Chicago National Bank. The bank is open for business as usual, with these guarantees behind it that it will meet all its obligations and every dollar at once."

10. December 27, 1905 The Miller Sun Miller, SD

Article from The Miller Sun, December 27, 1905

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HREE BANKS QUIT. ICAGO INSTITUTIONS OF JOHN R. WALSH GO OUT. icago National, Equitable Trust Company and Home Savings Bank Close Business-Two Banks Alone Carry $22,500,000 of Deposits. Liquidation of the Chicago National nk, the Home Savings Bank, and , Equitable Trust Company, all of icago, was announced at 3:30 lock Monday morning by representves of the Chicago Clearing House sociation, after a session lasting thteen hours. James B. Forgan, esident of the First National Bank, head of the clearing house commit: of the Chicago Associated banks, ve forth the statement. The assets these institutions. it was asserted, re involved in coal* and railway perties of John R. Walsh, Presiit of the Chicago National Bank. el statement was issued in the office the First National Bank. It is as lows: "The citizens of Chicago will unibtedly be surprised to learn that : Chicago National Bank, the Home vings Bank, and the Equitable Company, which have been conlled, managed, and officered by in R. Walsh and his associates e concluded to wind up their afrs and quit business in the city of icago, but they will be gratified to rn that after a thorough and careexamination of their affairs by the icago Clearing House banks that of the depositors of these instituas will be pand in full upon dend, the Chicago clearing house ks having pledged themselves to s result, thus putting all the rerees of the Chicago banks behind depositors of these three instituis. The difficulty with the instituhs has been that their investments e been made in assets connected h the railway and coal enterprises John R. Walsh. These assets were immediately available to meet deits in full." The meeting of the Chicago Clearing use Association began at noon Sun. Notices were sent members of the rd by Mr. Forgan after the condition the banks and the trust company had n learned. Clerks were notified and y or more with their stenographers ried to the First National bank. Bed closed doors the Clearing House sociation began its work of finding a y that might enable them to ride the incial sea in safety. That a panic would be likely to fol- was the first thought of the comtee. Resolutions were adopted and ds of other banks pledged themselves give assistance. The amount involvin the failure would not be discussed the committee members. in addition to the formal statement the failure, the following announcent was made, signed by the clearing ise committee of the Chicago assocbanks: pa To the Public: Depositors of the Chio National bank, the Home Savings k. and the Equitable Trust Company

11. January 19, 1906 The Grit-Advocate Julesburg, CO

Article from The Grit-Advocate, January 19, 1906

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be The Grand Trank railroad has placed an order for eighty-one locomotives at a cost of $1,398,800. The first tournament of the Western Salt Bowling Congress will open in Lake City March 7th The General Assembly of Kentucky has elected Judge T. H. Paynter United States senator to succeed J. C. S. Blackburn. Recently five and three fourths miles of rails were laid on the Cape-to-Cairo railway in twelve hours, this constituting a world's record. Postmaster General Cortelyou has approved a recommendation for the use by rural carriers of automobiles in serving their routes. An Atlanta dispatch says that the Southern railway has just placed an order for 8.729 freight cars, involving an outlay of more than $5,000,000. Napoleon Lajoie has signed a contract to manage and captain and play second base for the Cleveland American league for the season of 1906. Judge c. C. Goodwin, the Utah-pioneer newspaper man, has resumed daily newspaper work as editor-inchief of the Salt Lake Evening Telegram. William J. Bryan has given a prize to Bowdoin College for the best essay discussing the principles of free government. It is called the Philo Sherman Bennett prize. Three Chinese implicated in the assassination of American missionaries the at Lienchou were executed in premises of the joint commission on December 7th, and many others were punished. Yellow fever has disappeared from Havana. Since the first appearance of the disease in October there have been sixty-nine cases, twenty-three of which resulted fatally and forty-six of which were discharged cured. In a test run by a Baltimore & Ohio special train from Garrett to Chicago Junction, Ohio, a speed of nearly 100 miles an hour was reached at several points, the whole run of 128 miles being made in 126 minutes. Isaac Saylor, his daughter, Mrs. Peter Martin and her five children to death on the Sth inst., home in at were their burned Pleasantview, in Juan- fire ita county, Pennsylvania, a which destroyed their home. A Chicago dispatch says that Rev. George D. Rogers, pastor of the First Baptist church of Highland Park, near Fort Sheridan. has declared himself without reserve in favor of the re-establishment of the army canteen. W. F. Scott, state game warden of Montana, and president of the National WarAssociation of Game and Fish dens and Commissioners, has called a meeting of that organization to take place in St. Paul January 25th and 27th. Pat Crowe was arraigned in the District Court at Omaha on the 6th inst. in a charge of robbing E. A. Cudahy of $25,000 in the kidnapping case. He pleaded not guilty and his trial was set for February 7th. His bond was fixed at $7,000. Near Crane, Missouri, while railway laborers were thawing out dynamite, the explosive caught fire. In attempting to save it one of the men kicked the dynamite and it exploded. William killed McNeal and Joe Kepoe were and several others injured. Jack Goff, who was President Roose velt's guide during his Colorado hunt ing trip last spring, has had a serious encounter with two mountain lions in Yellowstone park. He says he was he not seriously injured but thinks was lucky to escape with his life. At San Francisco, January 8th, the Union labor party took charge of the municipal administration. All of the incoming officials were heartily greeted by their predecessors and initiated into the duties connected with the various offices which they will occupy. Local owners of claims in the Copper Mountain district have turned the offer of the New York synbond and lease some Samples of ore down dicate properties. to taken gold of the to New York ran over $30,000 in to the ton and the New Yorkers are said to be very anxious to obtain an interest in the properties. Bonaparte a letter of to Secretary reprimand has Commander written with the in connection on the The reprimand is boiler nington. Lucien explosion Young gunboat somewhat alto- Benmild in tone and the letter is not gether uncomplimentary to Commander Young, who, it is said, may consent to its publication. From advance sheets of the Official Catholic Directory. published in Milwaukee, it is found that the total Catholic population of the United States is 12,651,944, an increase of 189,151 over the provious year. The intotal number of Catholic priests, cluding seculars and regulars, is 14, 484, an increase of 627. All power of control in the Chicago National and the Home Savings bank, formerly controlled by John R. Walsh, to has passed from the stockholders the presidents of six other Chicago banks who form the committee that has in charge the liquidation of the as sets of the two banks Stockholders of both banks will investigate their management. It is announced from Ardmore, I. send

12. March 5, 1906 The Bemidji Daily Pioneer Bemidji, MN

Article from The Bemidji Daily Pioneer, March 5, 1906

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ARREST OF JOHN R. WALSH. Action Followed Investigation by De partment of Justice. Washington, March 5.-It. was said at the department of justice that the arrest in Chicago of John R. Walsh, president of the defunct Chicago National bank, on a charge of violations of the national banking laws, was the result of an investigation conducted by an official of the department of justice. It was learned that the receiver of the bank, in his examination of the affairs of the bank, discovered what appeared to be violations of the law in making to the comptroller of the currency the reports on the condition of the bank and as is usual in such cases the matter was turned over to the United States attorney, who found sufficient warrant in his judgment to cause Mr. Walsh's arrest. The matter will soon be brought to the attention of the grand jury.

13. March 10, 1906 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, March 10, 1906

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At the village of Fucecchio, 23 miles west of Florence, Italy, a house where In a dance was in progress took fire. among the guests enfloor gave way and persons sued the panic the 16 which perished. Disastrous prairie fires have swept the extreme western section of the Panhandle, entailing a loss up time of It is estimated that Texas 000,000. to the present upwards 500,000 of $1, acres of land have been burned over. Many hundreds of head of cattle perished. The dead in the Meridian, Miss.. storm and fire are now estimated at 24. and the injured at 46. The property damage is more than $1,250,000. King Edward was greeted warmly in Paris, being cheered by crowds, and and entertained President Fallieres Premier Rouvier at dinner. A great chance for American commerce in Manchuria as a result of Russian development is predicted in a state department report. The sultan of Turkey issued orders for refunding duties on American school supplies in Beirut, Syria. The village of Tavernola, Italy, was swallowed up by Lake Iseo. Kansas has adopted a plan to teach boys scientific farming in the rural schools. The Daughters of the American Revolution have started a movement to mark the graves of the heroes of the revolutionary war. Railroads of every state east of the Mississippi river and of some states west are facing legislative reductions of passenger fares to the two-cent. basis. Mark M. Davis, the brakeman shot by a negro at Springfie:d, O., and whose shooting precipitated the rac9 riot. is dead. The Forty-second street car barns of the Metropolitan Railway company. extending from No. 651 West Fortysecond street to the Hudson river, New York, were destroyed by fire. Loss. $200,000. One man perished. The ezar has pardoned ex-Lieut Schmidt, who commanded the Russian cruiser Otchakoff during the mutiny at Sebastopol, and who was recently sentenced to death by a court-martial. Henry L. Whitbeck, a physician and dentist, killed his wife with a hammer in Buffalo, N. Y., and then blew his brains out with a rifle. Judge Benjamin F. Graves, former chief justice of the Michigan supreme court, died at his home in Detroit. Judge Graves was 88 years of age. He was a judge of the supreme court from 1868 to 1875. Mrs. Isaac H. Weikert, residing near Gettysburg, Pa., accidentally shot and her sister, Miss Eliza Weaver, 35 Mrs. was aged killed years. Weikert examining a revolver which in some manner was discharged, the bullet entering Miss Weaver's brain. The last half of the business portion Ia., has been destroyed by The other half was of fire. Stanhope, winter. wiped Incen- out by fire earlier in the diarism is suspected. Loss, $30,000. The French government refuses par don to Elliot F. Shepard, the American for automobilist sentenced to prison running over a 12-year-old girl. Jacob Furrod, a Chicago street car conductor, was crushed to death be tween his car and a wagon which to was aiding in removing from the car tracks. Frank Rockefeller, brother of John suit in New York for $500,000 brokerage firms the out of D., brought against action growing the and Denni3- others. on, Prior & Co. failure. The New York Life, Mutual and Equitable Insurance companies have agreed to accept the recommendation of the Armstrong committee that new business be held down to $150,000,000 yearly. Tacloban, the capital of the island of Leyte, in the Philippine archipelage, has been destroyed by fire. The financial loss is reported to be $600,000. Tacloban was the fifth city of the island. In a letter to Mayor Dunne, in which he declares himself an out-and-out soJoseph Medill Patterson, Chicommissioner of resigned his cialist, cago's office. public works. and Mrs. Nicholas have returned to Longworth Representative Washing- they ton from Cuba, to which place journeyed after their wedding. Lieut. Gen. John M. Schofield, U. S. retired, former head of the army, died A., at St. Augustine, Fla. He was tacked with cerebral hemorrhage. John R. Walsh, president of the defunct Chicago National bank, was iaken into custody by federal officers in on a warrant charging him the national Chicago with violating banking to the laws in making false reports comptroller of the currency. He was of released on giving a bond in the sum $50,000. The Union passenger station at Sioux City, Ia., and the connecting terminals passed into the possession of the Great Northern railroad on the payment of $1,250,000. A chain of hotels to circle the globe is projected by a $100,000,000 company formed in Europe. Maj. Gen. Corbin has reached Honolulu en route to San Francisco from the Philippines to take command of the northern division, with headquar-

14. March 10, 1906 Morris Tribune Morris, MN

Article from Morris Tribune, March 10, 1906

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creasingly difficult to give the necessary time and attention to the performance of their duties as corporation directors. Pursuant to this policy their resignations had already been sent in. The action is generally interpreted as the result of the insurance investigation, although the firm said it had been decided upon a year ago. Ship Trust Syndicate Ends. The $50,000,000 syndicate organized by J. P. Morgan & Co. four years ago for the purpose of floating the $170,000,000 International Mercantile Marine company known as the ship trust, was closed up, March 1, with a loss to its members aggregating $5,625,000. Walsh to Resume Banking. John R. Walsh, whose banking and railroad business failed through federal interference a few weeks ago, is understood to have come out of the sale of his properties $5,000,000 ahead of the game, and he expects to resume control of the affairs of the Chicago National bank. Cash Buyers' Union Held Up. A postal investigation of the Cash Buyers' Union First International Cooperative Society of Chicago has resulted in the beginning of involuntary bankruptcy proceedings, and a receiver has been appointed. It is alleged that the concern has used the mails to sell $1,000,000 worth of stocks to farmers and workingmen. Fish Out of Mutual. Owing to the refusal of President Peabody of the Mutual Life to furnish the investigating committee with certain information affecting the transactions of trustees Stuyvesant Fish has resigned from the board of trustees. Shaw Aids Money Market. Secretary of the Treasury Shaw announced, March 2, that to meet stringent money conditions he would deposit $10,000,000 in the depository banks of several large cities, "satisfactory bonds" being accepted as security and the funds returnable in July.

15. June 23, 1906 The Parma Herald Parma, ID

Article from The Parma Herald, June 23, 1906

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# DOINGS OF OUR NATIONAL BODY OF LAWMAKERS Monday, June 18. Washington, June 18.-After another day devoted largely to the Lake Erie & Ohio river canal bill, the senate today passed that measure with only 11 votes in the negative. In addition, several bills to which there was no objection received favorable action. There also was further discussion between Tillman and Hopkins over the resolution of the former for an investigation of the question of national bank contributions to political campaigns, which involved a renewed reference to the failure of the Chicago national bank. The session adjourned upon the official announcement of the death of Lester, of Georgia. Washington, June 18. - A black-draped desk in the hall of the house of representatives today told the story of the passing of Rufus Lester, late a representative in congress from the First Georgia district. Previous to any announcement Wadsworth, of New York, asked unanimous consent, which was granted, that the agricultural bill, with senate amendments, be recommitted to the committee on agriculture. Payne, of New York, by unanimous consent, then fixed Tuesday and Wednesday as suspension days, instead of today, in view of the early adjournment of the house. Bartlett, of Georgia, announced the death of his late colleague, stating that he had been a member of the house for nearly 18 years. He offered the usual resolutions, which were agreed to. As a further mark of respect, the house then adjourned until tomorrow. ed every appearance of a class room. Thursday, June 14. Washington, June 14.-The senate today decided to vote next Thursday on the Panama sea-level canal bill; accepted the conference reports on the diplomatic and naval appropriation bills, the former complete and the latter partial; passed a bill limtiing the liability that may be assumed by individuals to national banks; adopted Morgan's resolution relative to the control of the Panama railroad; admitted A. W. Benson as the successor of Burton, of Kansas; received the credentials of Senator-elect Dupont, of Delaware; listened to a speech by Dryden in support of a lock canal across the Isthmus of Panama, and also passed several semi-private bills. Washington, June 14.-After eliminating the appropriation of $100,000 for the further gauging of the waters of the United States under the direction of the geological survey, the house today grew weary of economy and increased the appropriations for further tests of structural materials, lignites and other coals, although the appropriations committee labored zealously to retain them at their original figure. The conference report on the omnibus lighthouse bill was adopted. The report of the conferees of the agricultural appropriation bill was submitted. Wednesday, June 13. Washington, June 13.-The senate adopted without division the conference report on the statehood bill at 6:20

16. January 3, 1907 Gilpin Observer Central City, CO

Article from Gilpin Observer, January 3, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago: liabilities, $400,000. Feb. 8.-Boliver County Bank, Cleveland, Miss.: liabilities, $110,000; assets. $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank. Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston. Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester, and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.

17. May 16, 1907 River Falls Journal River Falls, WI

Article from River Falls Journal, May 16, 1907

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Counsel for state and prisoner entered at once in a business-like way upon the examination of prospective jurors, and kept steadily at the task for five hours. No juror was finally accepted, but substantial progress was made and the indications at the close of the session were that a jury would be obtained in ten days. The case was adjourned three days to obtain a new panel. Queen Victoria, of Spain, gave birth to a son and the entire country rejoiced. The baby was formally presented to the court and diplomats by the king, who also proclaimed a public holiday and pardoned thousands of prisoners. The newly-born Spanish prince was named Alfonso Pio Christins Eduardo. Incendiary fires in Paris destroyed a cartridge factory and a metal works, the loss being about $2,000,000. Two masked highwaymen held up a station agent of the Chicago Metropolitan elevated road and escaped with $12. Both the strikers and the street car company in San Francisco refused to arbitrate their trouble. Experimental trips showed the cars could not be run without heavy police guards and that the police force is inadequate to supply protection for a real resumption of the service. Mexico decided not to press to the point of war her demand on Guatemala for the extradition of Gen. Jose Lima, but to show her displeasure by sending her minister to Salvador, leaving the legation in charge of a consul. The heads of the steamship companies in New York included in the International Mercantile Marine company served notice upon the striking longshoremen that unless the latter returned to work within a week their places would be filled. Brig. Gen. Orlando E. Willcox, U. S. A., a retired, former governor of the National Soldiers' home at Washington, died at Coburg, Ont., aged 85. The body of Miss Aurora Wittebort, the artist, who lost her life in the destruction by fire of the University building in Kansas City, was recovered from the ruins. Nine persons were badly injured near Edwardsville, Ill., by a collision on an interurban electric road. Harry Cole, suspected of being one on the North Coast train robbers, was killed by a Butte policeman as he was trying to escape from custody, and a mob tried to lynch another officer who they thought shot Cole. Mrs. Michael Pendergast, of Sterling, Ill., stepped on a match, set fire to her clothing and burned to death. W. R. Fulton shot and dangerously wounded his wife, from whom he had been separated, in Wichita, Kan. Fulton was pursued by a crowd and surrounded in a freight yard. After a battle with revolvers he escaped, but is believed to have committed suicide. Two persons were killed, two fatally injured and ten badly hurt when a train broke through a trestle near Flemingsburg, Ky., and fell 50 feet into a creek. Dr. T. B. Rider was probably fatally stabbed in Hot Springs, Ark., by Dr. A. N. Williams, one of the best known physicians in the city. Thomas S. Marshall, cousin of William J. Bryan, and a member of the Illinois state board of agriculture, filed a petition in bankruptcy in the United States court at East St. Louis, fixing his liabilities at $300,000. The heaviest creditors are the trustees of the Chicago National bank, of which John R. Walsh was president at the time of its failure. Among his creditors is W. J. Bryan, to whom $6,000 is due. The Penn-Wyoming Copper company's smelter, tramway terminal and crushers at Grand Encampment, Wyo., were destroyed by a fire believed to have been of incendiary origin. The loss was over $100,000. Troops and engineers have been sent to Stromboli to render assistance to the islanders, whose exodus, due to the volcanic outbreak, continues, while many of those who remain are destitute. Abraham Hummel, the New York lawyer who was convicted of conspiracy in the Dodge-Morse divorce case, was sentenced to one year in state prison and to pay a fine of $500. The Master Builders' association of Berlin and its suburbs decided to lock out all masons and bricklayers assisting building workmen on May 18. Over 100,000 men are affected by this decision. Capt. A. Krech, of the Hamburg-American line steamer Graf Waldersee, one of the oldest commanders in the transatlantic service died on board his ship while the steamer was in midocean. William Schellhas, a prominent brewer of Winono, Minn., died from pneumonia. The business section of Gibson, Mo., was almost wiped out by fire. Five of the seven stores and two residences were destroyed. Armed bandits are reported to be committing depredations in the Songo district of Santiago and near Manacas, Santa Clara. Excavators on Palatine hill in Rome, uncovered the ruins of a church used by emperors in the fifth century. The University building in Kansas

18. May 16, 1907 Audubon Republican Audubon, IA

Article from Audubon Republican, May 16, 1907

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# BRIEF NEWS NOTES FOR THE BUSY MAN MOST IMPORTANT EVENTS OF THE PAST WEEK TOLD IN THE CONDENSED FORM. # ROUND ABOUT THE WORLD Complete Review of Happenings of Greatest Interest from All Parts of the Globe-Latest Home and Foreign Items. Queen Victoria, of Spain, gave birth to a son and the entire country rejoiced. The baby was formally presented to the court and diplomats by the king, who also proclaimed a public holiday and pardoned thousands of prisoners. Both the strikers and the street car company in San Francisco refused to arbitrate their trouble. Experimental trips showed the cars could not be run without heavy police guards and that the police force is inadequate to supply protection for a real resumption of the service. Mexico decided not to press to the point of war her demand on Guatemala for the extradition of Gen. Jose Lima, but to show her displeasure by sending her minister to Salvador, leaving the legation in charge of a consul. The heads of the steamship companies in New York included in the International Mercantile Marine company served notice upon the striking longshoremen that unless the latter returned to work within a week their places would be filled. Brig. Gen. Orlando B. Willcox, U. S. A., a retired, former governor of the National Soldiers' home at Washington, died at Coburg, Ont., aged 85. The body of Miss Aurora Wittebort, the artist, who lost her life in the destruction by fire of the University building in Kansas City, was recovered from the ruins. Nine persons were badly injured near Edwardsville, Ill., by a collision on an interurban electric road. Harry Cole, suspected of being one on the North Coast train robbers, was killed by a Butte policeman as he was trying to escape from custody, and a mob tried to lynch another officer who they thought shot Cole. Mrs. Michael Pendergast, of Sterling, Ill., stepped on a match, set fire to her clothing and burned to death. W. R. Fulton shot and dangerously wounded his wife, from whom he had been separated, in Wichita, Kan. Fulton was pursued by a crowd and surrounded in a freight yard. After a battle with revolvers he escaped, but is believed to have committed suicide. Two persons were killed, two fatally injured and ten badly hurt when a train broke through a trestle near Flemingsburg, Ky., and fell 50 feet into a creek. Dr. T. B. Rider was probably fatally stabbed in Hot Springs, Ark., by Dr. A. N. Williams, one of the best known physicians in the city. Thomas S. Marshall, cousin of William J. Bryan, and a member of the Illinois state board of agriculture, filed a petition in bankruptcy in the United States court at East St. Louis, fixing his liabilities at $300,000. The heaviest creditors are the trustees of the Chicago National bank, of which John R. Walsh was president at the time of its failure. Among his creditors is W. J. Bryan, to whom $6,000 is due. The Penn-Wyoming Copper company's smelter, tramway terminal and crushers at Grand Encampment, Wyo., were destroyed by a fire believed to have been of incendiary origin. The loss was over $100,000. Troops and engineers have been sent to Stromboli to render assistance to the islanders, whose exodus, due to the volcanic outbreak, continues, while many of those who remain are destitute. Abraham Hummel, the New York lawyer who was convicted of conspiracy in the Dodge-Morse divorce case, was sentenced to one year in state prison and to pay a fine of $500. The Master Builders' association of Berlin and its suburbs decided to lock out all masons and bricklayers assisting building workmen on May 18. Over 100,000 men are affected by this decision. Capt. A. Krech, of the Hamburg-American line steamer Graf Waldersee, one of the oldest commanders in the transatlantic service died on board his ship while the steamer was in midocean. William Schellhas, a prominent brewer of Winono, Minn., died from pneumonia. A pitched battle between strikebreakers in the uniforms of car inspectors and strikers and their sympathizers was fought in San Francisco for more than an hour. Eight men were shot, among them a policeman, and one of the wounded men died in the night. Irvine L. Lenroot, of Superior, Wis., withdrew from the senatorial race without making any requests as to the future course of his followers. The life insurance companies intimate that they will withdraw from Texas when the new insurance law of that state becomes effective June 1. Indictments charging violation of the Elkins anti-rebating law were handed down by a federal grand jury in New York against the Chicago, Rock Island & Pacific railroad, the Ontario & Western railroad, the Chicago, Milwaukee & St. Paul railroad and the Western Transit company. The entire leper colony of D'Arcy Island, B. C., consisting of eight Chinese, has been sent back to China. Eleven of the 13 Italians who had been on trial at Wilkesbarre, Pa., charged with "Blackhand" crimes were declared guilty. The other two defendants were acquitted. Seven battalions of Turkish troops, about 6,500 men, were practically annihilated in a battle with rebels in the province of Yemen, Turkish Arabia.

19. May 17, 1907 The Bottineau Courant Bottineau, ND

Article from The Bottineau Courant, May 17, 1907

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Pierce, head of the Waterson company, St. Louis on the rePierce self n. in Clay surrendered indictment himturned against him in Texas charging perjury. and was released on bonds. Shriners at Los Angeles selected St Paul for the conclave of 1908, the dates being July 13 to 18. Gov. Magoon appointed Cuban delegates to the second peace conference at The Hague as follows: Antonio De Bustamente, Gonzalo De Queseda, the Cuban minister in the United States, and Manuel Sanguily Overtes Ferrera has been made secretary to e legation hen the trial of William D. Hay wood for the murder of former Gov. Steunenberg opened at Boise. Idaho, counsel for state and prisoner entered at once in a business-like way upon the examination of prospective jur- for ors, and kept steadily at the task five hours. No juror was finally accepted, but substantial progress close was made and the indications at the would of the session were that a jury be obtained in ten days. The case was adjourned three days to obtain a new panel. Queen Victoria, of Spain, gave birth rea son and the entire country joiced. to The baby was formally presented to the court and diplomats by the king, who also proclaimed a public holiday and pardoned thousands of prisoners. The newly-born Spanish prince was named Alfonso Pio Christins Eduardo Incendiary fires in Paris destroyed works, a cartridge factory and a metal the loss being about $2,000,000. Two masked highwaymen held up a station agent of the Chicago Metropol- with itan elevated road and escaped $12. Both the strikers and the street car company in San Francisco refused to arbitrate their trouble. Experimental be showed the cars could not heavy police to the police force is that trips run without inadequate guards resump and supply protection for a real tion of the service. Mexico decided not to press to the point of war her demand on Guatemala for the extradition of Gen. Jose Lima, but to show her displeasure by sending her minister to Salvador, of a leaving the legation in charge consul. The heads of the steamship companies in New York inclu ied in the International Mercantile Marine company served notice upon the striking longshoremen that unless the latter returned to work within a week their places would be filled. Brig. Gen. Orlando B. Willcox, U. the a retired, former governor of National A., Soldiers' home at Washington, died at Coburg, Ont., aged 85. The body of Miss Aurora Wittebort, dethe artist, who lost her life in the struction by fire of the University building in Kansas City, was recovered from the ruins. Nine persons were badly injured near Edwardsville, III., by a collision on an interurban electric road. Harry Cole, suspected of being one the North Coast train robbers, was killed on by a Butte policeman as he was trying to escape from custody, and who a mob tried to lynch another officer they thought shot Cole. Mrs. Michael Pendergast, of SterlIII., stepped on a match, set death. fire ing, to her clothing and burned to W. R. Fulton shot and dangerously had wounded his wife, from whom he Fulbeen separated, in Wichita, Kan. ton was pursued by a crowd and sur a rounded in a freight yard. After but battle with revolvers he escaped, is believed to have committed suicide. Two persons were killed, two fatally injured and ten badly hurt when a train broke through a trestle near feet Flemingsburg, Ky., and fell 50 into a creek. Dr. T. B. Rider was probably fatal- by Stabbed in Hot Springs, Ark., best ly Dr. A. N. Williams, one of the known physicians in the city. Thomas S. Marshall, cousin of Wil- the liam J. Bryan, and & member of Illinois state board of agriculture, the filed a petition in bankruptcy in United States court at East St. Louis, fixing his liabilities at $300,000. trusThe heaviest creditors are the of tees of the Chicago National bank, which John R. Walsh was president his the time of its failure. Among at creditors is W. J. Bryan, to whom $6,000 is due. The Penn-Wyoming Copper com- and smelter, tramway terminal crushers pany's at Grand Encampment, Wyo., to were destroyed by a fire believed The have been of incendiary origin. loss was over $100,000. Troops and engineers have been to Stromboli to render assistance to sent the islanders, whose exodus, due to the volcanic outbreak, continues, are while many of those who remain destitute. Abraham Hummel, the New York lawyer who was convicted of conspirin the Dodge-Morse divorce state case, acy was sentenced to one year in of prison and to pay a fine of $500. The Master Builders' association Berlin and its suburbs decided to lock

20. May 17, 1907 The Yale Expositor Yale, MI

Article from The Yale Expositor, May 17, 1907

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# TRIAL OF HAYWOOD wood for the murder of former Gov. Steunenberg opened at Boise, Idaho, counsel for state and prisoner entered at once in a business-like way upon the examination of prospective jurors, and kept steadily at the task for five hours. No juror was finally accepted, but substantial progress was made and the indications at the close of the session were that a jury would be obtained in ten days. The case was adjourned three days to obtain a new panel. Queen Victoria, of Spain, gave birth to a son and the entire country rejoiced. The baby was formally presented to the court and diplomats by the king, who also proclaimed a public holiday and pardoned thousands of prisoners. The newly-born Spanish prince was named Alfonso Pio Christins Eduardo. Incendiary fires in Paris destroyed a cartridge factory and a metal works, the loss being about $2,000,000. Two masked highwaymen held up a station agent of the Chicago Metropolitan elevated road and escaped with $12. Both the strikers and the street car company in San Francisco refused to arbitrate their trouble. Experimental trips showed the cars could not be run without heavy police guards and that the police force is inadequate to supply protection for a real resumption of the service. Mexico decided not to press to the point of war her demand on Guatemala for the extradition of Gen. Jose Lima, but to show her displeasure by sending her minister to Salvador, leaving the legation in charge of a consul. The heads of the steamship companies in New York included in the International Mercantile Marine company served notice upon the striking longshoremen that unless the latter returned to work within a week their places would be filled. Brig. Gen. Orlando E. Willcox, U. S. A., a retired, former governor of the National Soldiers' home at Washington, died at Coburg, Ont., aged 85. The body of Miss Aurora Wittebort, the artist, who lost her life in the destruction by fire of the University building in Kansas City, was recovered from the ruins. Nine persons were badly injured near Edwardsville, Ill., by a collision on an interurban electric road. Harry Cole, suspected of being one on the North Coast train robbers, was killed by a Butte policeman as he was trying to escape from custody, and a mob tried to lynch another officer who they thought shot Cole. Mrs. Michael Pendergast, of Sterling, Ill., stepped on a match, set fire to her clothing and burned to death. W. R. Fulton shot and dangerously wounded his wife, from whom he had been separated, in Wichita, Kan. Fulton was pursued by a crowd and surrounded in a freight yard. After a battle with revolvers he escaped, but is believed to have committed suicide. Two persons were killed, two fatally injured and ten badly hurt when a train broke through a trestle near Flemingsburg, Ky., and fell 50 feet into a creek. Dr. T. B. Rider was probably fatally Stabbed in Hot Springs, Ark., by Dr. A. N. Williams, one of the best known physicians in the city. Thomas S. Marshall, cousin of William J. Bryan, and a member of the Illinois state board of agriculture, filed a petition in bankruptcy in the United States court at East St. Louis, fixing his liabilities at $300,000. The heaviest creditors are the trustees of the Chicago National bank, of which John R. Walsh was president at the time of its failure. Among his creditors is W. J. Bryan, to whom $6,000 is due. The Penn-Wyoming Copper company's smelter, tramway terminal and crushers at Grand Encampment, Wyo., were destroyed by a fire believed to have been of incendiary origin. The loss was over $100,000. Troops and engineers have been sent to Stromboli to render assistance to the islanders, whose exodus, due to the volcanic outbreak, continues, while many of those who remain are destitute. Abraham Hummel, the New York lawyer who was convicted of conspiracy in the Dodge-Morse divorce case, was sentenced to one year in state prison and to pay a fine of $500. The Master Builders' association of Berlin and its suburbs decided to lock-out all masons and bricklayers assisting building workmen on May 18. Over 100,000 men are affected by this decision. Capt. A. Krech, of the Hamburg-American line steamer Graf Waldersee, one of the oldest commanders in the transatlantic service died on board his ship while the steamer was in midocean. William Schellhas, a prominent brewer of Winono, Minn., died from pneumonia.

21. November 30, 1907 The Irish Standard Minneapolis, Saint Paul, MN

Article from The Irish Standard, November 30, 1907

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DENY SIGNING WALSH NOTES PAPERS IN CASE OF BANKER ARE REPUDIATED. Former Employes of Chicago Insth tution Take the Witness Stand. Chicago, Nov. 26. - Information about the country tapped by two of the small railroad lines said to be controlled by John R. Walsh was drawn from witnesses who took the stand when the trial of the former president of the Chicago National bank was resumed before Judge A. B. Anderson in the federal court Monday. Witnesses were called to the stand in rapid succession by the prosecution to testify that they did not sign or authorize the signing of their names to memorandum notes said to have been found in the Chicago National bank after its suspension with similar names attached. Much time was expended on the examination of J. F. Jackson, who was taken in hand by Assistant District Attorney Dobyns and asked many questions regarding the physical surroundings of the Wisconsin & Michigan Railway company. Jackson testified that he now lives in Chicago and works for a wholesale house here. but that from 1902 until last year he sted as general passenger and freight agent for the Wisconsin & Michigan road. Asked the route of that road, Witness Jackson said: "The road runs from Peshtigo, on Green bay, in Wisconsin, to Cundy, in Michigan. Peshtigo is a town of about 2,500. Cundy isn't a. town. There's nothing there but the station. But Iron Mountain is only three miles away. "The biggest. place on the road is the town of Norway, Mich., which has about 5,000 population. But the Wisconsin & Michigan road has trackage rights over the St. Paul road to Me. nominee and Marinette, Wis., both places of about 15,000 people." The witness testified that the St. Paul road runs about 20 miles away from the Wisconsin & Michigan line on one side and the Northwestern road about ten miles distant on the other side. He was asked if he knew what effect that location of the Wisconsin & Michigan railroad had on the rates it. was able to charge on lumber. He did not know positively, he said. In conclusion the witness was asked if there were any timber lands within 100 miles of the railroad. He replied there were, and that the nearest could be reached by building from six to ten miles of railroad. Witness Jack son concluded his testimony by denying he signed any note payable to the Chicago National bank.

22. January 4, 1908 The Huttig News Huttig, AR

Article from The Huttig News, January 4, 1908

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MISCELLANEOUS Jan. 2-First Vice-President McCrea elected president of Pennsylvania lines LO succeed late A. J. Cassall. 3-Federal Judge Landis decided at Chicago that Standard Oil Co. must stand trial on eight of ten indictments returned against it. 14-Grand jury at Findlay, O., returned 939 indictments against Standard Oil Co. and subsidiary companies for conspiracy in restraint of trade. 15-Federal grand jury at Chicago indicted John R. Walsh in connection with failure of Chicago National bank. 23-Judge Hallam, at St. Paul, issued order enjoining J. J. Hill and other officials of Great Northern railway from making proposed increase of $60,000,000 in stock. Feb. 18-Wisconsin state railway commission ordered railroads of state to give flat 21/2-cent passenger fare. 26-John F. Stevens resigned as chief engineer of Panama canal and president named Maj. G. W. Goethals as chairman of commission and engineering chief of work. Mar. 1-Suit filed at Boston against Mrs. Mary Baker G. Eddy, leader of Christian Science faith, by G. W. Glover, her son, asking accounting of property and appointment of receiver. Mar. -New Mexico house passed resolution to investigate conduct of Gov. Hagerman in regard to alleged timber land frauds. 7-Mayor Schmitz, of San Francisco, pleaded not guilty to charge of extortion. 20-Abraham Ruef indicted for bribery at San Francisco; T. V. Halsey also indicted in connection with grant of telephone franchise. Apr. 2-J. J. Hill resigned as president of Great Northern railroad and son, T. W. Hill, elected to place. Apr. 5-John R. Walsh indicted on charges of misapplication of funds of Chicago National bank, at Chicago. 8-Supreme court decided Isle of Pines is Cuban territory, not American. Apr. 13-Standard Oil Co., of Indiana, found guilty of accepting illegal rates from Chicago & Alton railroad, at Chicago. 26-Jamestown Ter-Centennial exposition opened; President Roosevelt and other high officials attended ceremonies. May 9-Federal court at Indianapolis perpetually enjoined so-called drug trust from continuing operations. 15-Abraham Ruef pleaded guilty to extortion at San Francisco. -Grand jury at San Francisco returned 89 indictments against Mayor Schmitz. Ruef and street railway officials and other companies. Jun. 13-Mayor Schmitz of San Francisco, found guilty of extortion. Jul. 8-Schmitz sentenced to five years in penitentiary for extortion. 16-Dr. E. R. Taylor, of University of California, elected mayor of San Francisco, by board of supervisors. Aug. 3-Judge Landis, at Chicago, fined Standard Oil Co., $29,240,000, for accepting illegal rebates from Alton railroad; fine largest in history of jurisprudence. Aug. 7-Senator Beverldge of Indiana, married to Miss Catherine Eddy in American embassy at Berlin. 21-Suit in equity, brought by relatives for accounting of property of Mrs. Mary Baker G. Eddy, brought to sudden close at Boston. Sep. 4-Louis Glass, vice-president of Pacific States Telephone and Telegraph Co., convicted of bribery at San Francisco and sentenced to five years' imprenoment. 2-E*-Congressman C. G. Burton, of Nevada, Mo., elected commander-inchief of G. A. R., at Saratoga, N. Y. 30-McKinley memorial at Canton, O., dedicated by President Roosevelt. Oct. 2-Senator Wm. E. Borah acquitted of charge of conspiracy to defraud government, at Boise, Idaho. 23-German balloon Pommern, piloted by Herr Erbslob, won international aeronautic cup, landing at Asbury Park, N. J., 880 miles from starting point at St. Louis. Nov. 7-Atchison, Topeka & Santa Fo Railroad Co., fined $330,000 at Los Angeles, for rebating. 13--Trial of John R. Walsh for misapplication of funds of Chicago National bank, begun at Chicago. 26-Edward Payson Weston, aged 69, completes walk from Portland, Me., to Chicago, jaunt taking 29 days. 27-Wedding of Miss Edith Root, daugh9. ter of secretary of state, and U. Grant, III.. occurred at Washington. Dec. 16-Pacific fleet sailed from Hamps ton Roads after review by president,

23. January 25, 1908 La Voz Del Pueblo Las Vegas, Santa Fe., Santa Fe, NM

Article from La Voz Del Pueblo, January 25, 1908

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El Banquero Walsh Fallado Culpable. El día 18 del corriente toco á fin el juicio de una de las causas más sonadas y que se han combatido con más denuedo y empeño en las cortes de justicia del país. Este es el caso del gobierno federal contra James R. Walsh, rico banquero de Chicago y en un tiempo fl. gura de mucho prestigio y prominencia en la política nacional y propietario del periódico "The Chicago News" y del Chicago National Bank que quebró en tiempo pasado con varios millones de responsabilidades. Se dilucidó en la ave iguación que Walsh habiendo establecido su banco en Chicago millones de pesos de depósitos los cuales usó ilegalmente para adelantar otras empresas particulares y especulaciones las cuales fracasaron teniendo que declararse en bancarrota el banco y cogiendo en el desastre á centenares de víctimas. Con la caida de Walsh y de su banco fracasó también el periódico, que tu. VO que suspender operaciones. El jurado después de oir la evidencia del juicio, que duró como dos meses, retornó, tras debida deliberación, un dictamen, fallando culpable al acusado. Aun no ha sido pronunciada la sentencia de la corte, pero segun la ley aplicable al caso, la sentencia deberá ser nomenos que cinco años de penitenciaría. Lo más notable del caso de Walsh y el motivo principal para que haya sido tan notoria su causa es que este individuo, pretendiendo que su periódico defendía los principios democráticos hizo la más terrible oposición á Mr. Bryan y sostuvo á McKinley, contendiendo en sus incendiarios editoriales que la elección de Bryan significaba el deshonor de la nación, el repudio de las obligaciones del gobierno y de los particulares y asumiendo él mismo la actitud de guardian del honor nacional, y mientras así predicaba estaba haciendo lena con los fondos de las incautas víctinasque, confiando en él, depositaron sus dineros en su banco. Las transacciones de Walsh pasarán á la historia como las más audaces y frenéticas que se han cometido bajo la capa de la hipocresía y el fingimiento del patriotismo, pero como todos los de su clase, ha acabado su historia on desgracia.

24. April 28, 1909 Evening Star Washington, DC

Article from Evening Star, April 28, 1909

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FORGED TO PAY DEBTS Men He Owed $400,000 Knew of His Guilt. BUT TOOK STOLEN MONEY And Pressed Van Vlissingen Always for More. SENSATIONAL DETAILS OUT Tale Told by Supposedly Prosperous Man, Who Sold $1,000,000 Worth of Bad Paper. O. April 28.-Peter Van the former real estate man rought back from prison to testify in the bankruptcy court, and who caused sensation yesterday by statng that his were known to four before last winter, gave of his in confession details wetims forgeries years story court two his additional today. of public his The men to whom he alleges he privately imparted a confession of his guilt are Maurice Rosenfeld and Bernhard, Rosenberg, both men of wealth and social position and who are alleged to have forced Van Vlissingen to attempt to make good $400,000 worth of forged mortgages which had come into their hands. To do this, Van Vlissingen declares, he committed still further forgeries. Didn't Ask-But He Knew. "Did Mr. Rosenfeld ever ask you what you did with the forged papers he gave back to you after you had redeemed them?" asked Attorney George H. Peaks, representing the trustee of the Van Vlissingen estate. "No, he did not ask, but I told him, just the same, and we arranged our transactions accordingly," replied the witness. "And they pressed you for money?" "Yes. Shortly after the failure of the Chicago National Bank, of which Rosenfeld was a director, he came to me and told me of his losses in the crash. He was desperate, he said, and highly excited. He said his relatives, for whom he handled business, would lose confidence in him unless he made good. 'I've got to have money-lots of it-and it's nothing to me how you get it,' he told me. Promised to Pay Big Sums. "I arranged to pay $4,000 a week," continued the witness, "but Rosenfeld pressed me so that it became difficult for me to sell any more of my spurious paper. I told him he would drive me to exposure. I gave him the names of a number of clients who had already taken my forged mortgages." Witness gave their names to the court, and continued: "Rosenfeld said he was in dire distress. He said he was so hard pressed that he had thought often of the cold waters of Lake Michigan as a refuge. I told him I was so deep in the mire that I couldn't make forgeries fast enough to pay off the debts and obligations that were pressing. Deep in the Mire. 'Rosenberg also pressed me, and I told both of them that I was in so deep that I never expected to get out again, but I thought I would fight it out for a while. I thought possibly some piece of good luck might come my way, but it never did." Van Vlissingen, who was a highly respected and presumably prosperous business man, succeeded in continuing his forgeries for four years more. The end came last November, when he admitted that he had been forging mortgages nearly all his business career, and that the sum total would run over a million dollars.

25. November 7, 1909 The Washington Herald Washington, DC

Article from The Washington Herald, November 7, 1909

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names. When it comes to the matter of the law's dealing with them there begins to be a sharp divergence. Charles W. Morse already has tasted of the bitterness of imprisonment. John R. Walsh has not spent an hour in jail, although the crime of which he was convicted and is now under sentence of five years' imprisonment in the Federal penitentiary in Leavenworth, Kans., was committed four years ago, Morse, through the devotion of his wife, regained his liberty, only to be thrust back behind the bars. It was a long and hard task to procure the bond in the first place, It served only as a temporary expedient. Walsh goes to his office in Chicago every day when his seventy-two years will allow him to go, and that is most 01 the time. In spite of his three-score years and twelve. he still has a lot of the energy and fight that made him in former days one of the most conspicuous capitalists and financiers in the West. He has been privileged to be with his devoted family, whose loyalty, in a quieter way, is as beautiful as that of Mrs. Morse toward the Wall street banker He is as welcome as in the old days to the clubs. Those in whose debt he is to the extent of millions are about the last men in Chicago to say for publication anything against the man who weeked the Chicago National Bank and its allied institutions. Similarity of Crimes. Morse and Walsh both were charged with transgressing the banking laws. They used the money of others in a way that the statutes did not sanction, if the charges against them be true. There may have been differences of detail in the alleged wrongful things they did. but the principle involved was the same Compared with Walsh, the Wall street man is still in the prime of life. He might spend a term in prison and come out strong and ready to begin life over again. Recent reports that he added $7,000,000 to his fortune the short time he was out on bond, whether true or not, indicate that the blows that have fallen on him have not put him out of the running as a winner of wealth. For him there is hope after whatever penalty he may pay For Walsh a prison cell probably would mean, sooner or later, a death chamber Mr Walsh is used to hard work, to reckoning with vast detail. Prison life will be no laughing matter for such a man. He has for years been a lord of business over men, brooking no interference with his will He can't be that in Leavenworth. His age renders it unlikely that he will be able to do any physical work His friends feel that once he is restrained behind iron bars the warrant of his death will have been virtually signed. That is the reason they are making with him SO vigorous a fight to ward off the day of reckoning. In the case of this man the mills of the courts are grinding slowly In one month more it will be four years since the three banks, of which Walsh was the executive head, quit doing business and the associated banks of Chicago began to pay the depositors what Walsh owed them The man whose financiering wrecked the banks is still under a big obligation to the Institutions which came to the rescue of the hundreds of depositors. His debt to them is something like $7,000,000 It is the supreme effort of Mr. Walsh just now to raise money to satisfy these creditors, 80 that he will not have to sacrifice many millions of dollars of securities and property History of Walsh's Crime, It was on the morning of December 18. 1905, that the Chicago National Bank, the Home Savings Bank, and the Equitable Trust Company ceased to do business and closed their doors. That was on a Monday morning. Far into the night of Sunday-In fact, till almost the coming of dawn-representatives of the other banks in the Chicago clearing-house had been in conference trying to devise a way to save the banks from wreck and the city from a financial panic. Walsh and his advisers were in that conference. The man who had presided as the financial genius over the trio of banking institutions protested long and loudly that if he were given one more opportunity he would ward off collapse. Over the business of the banks went experts. They scrutinized this account and that. They observed with alarm the long list of menacing obligations, gasped with surprise when informed of the manner in which the funds of the bank-the money of the depositors-were being used to promote private enterprises. They reckoned up the securities for liabilities, figured closely on the conversion possibilities of collateral at hand. They were disposed to be eminently fair, but when they were through canvassing the situation its general aspect was SO forbidding that closing the doors of the institutions was decided on. How Panic Whs Averted. That was the beginning of the end The next morning, which was Monday, there were notices on the Walsh banks which told their tale briefly. The newspapers, which had been purposely let into the secret to help save Chicago from a panic, contained long stories of the fall of the Walsh banks. Every story was quick to say that the associated banks had agreed in conference to guarantee the payment of all deposits, dollar for dollar. All the depositors had to do was to find out what his balance was and write out a check for the amount to another bank chosen for the doing of his future business. He would be given credit for the amount Those who preferred might take their books to the failed banks after they reopened and get their money there. In saving the depositors from losing a cent in the Walsh banks the institutions coming to the rescue were saving themselves the burden of a "scare," which might have far-reaching consequences and precipitate other crashes. On the 5th of October, 1909. nearly four years after that memorable Monday morning, the Circuit Court of Appeals affirmed the sentence of five years running against Mr. Walsh, who had been duly convicted in the lower Federal court for violating the banking laws. Owes Banks $7,000,000. At the time the sentence was affirmed, as already stated. Mr. Walsh owed the banks which stood between his institutions and a local financial panic over $7,000,000. secured by the stock and bond issues of certain corporations in which Walsh was interested. The interest havdefaulted