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NATIONAL BANK FAILURE. WASHINGTON, Oct. 15.-The Comptroller of the Currency today announced the failure of the First National Bank at Dresden, O., which was caused by loans to local woolen manufacturers, who, it is said, had failed. Robert Lyon, bank examiner, has been appointed temporary receiver.
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DRESDEN, OHIO, BANK CLOSED BY THE COMPTROLLER By THE JOURNAL'S Special Wire. WASHINGTON, Oct. 15.-The First National Bank of Dresden, Ohio, was closed today by direction of the compler of the currency, upon the report of National Bank Examiner Robert Lyons, alleging it to be insolvent. Robert Lyons has been appointed receiver. The resources and liabilities of the bank on August 22, 1907, the date of the last report made to the comptroller of the currency were $394,969.70, each.
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BANK AT DRESDEN, 0., IN RECEIVER'S HANDS Institution Closed Because of Bad Loans Made. ROBERT LYON IS RECEIVER. Washington, Oct. 15-The controller of the currency has announced the failure of the First National bank at Dresden, Ohio. The institution had a paid-up capital of $50,000 and deposits estimated at $265,000. The bank was established in 1896. The bank was closed because of loans to local woolen manufacturers, which, it is said, had failed. Robert Lyon, bank examiner, was appointed receiver.
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NATIONAL BANK FAILS AT DRESDEN, O. Washington, Oct. 15.-The comptroller of the currency today announced the failure of the First National bank at Dresden, O., which was caused by loans to local woolen manufacturers, who it is said, had failed. Robert Lyon, bank examiner, has been appointed temporary receiver.
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BANK CLOSED IN OHIO TOWN. The First National Bank, of Dresden, Obio, was closed today by direction of the comptroller of the currency, upon the report of National Examiner Robert Lyons, alleging it to be insolvent. Lyons has been appointed reeciver.
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OHIO BANK CLOSES ITS DOORS. Institution at Dresden Had Been Embarrassed for Some Time. DRESDEN, Ohio, October 16.-The Dresden National Bank has closed its doors. The bank has been in trouble for some time because of the failure of the hosdery mill here. with branches at Zanesville and Frazersburg, this county. The mill employed 200 persons. but had been running with a half force for some time and finally was compelled to close down. The bank was capitalized for $70,000 and carried considerable deposits, but most of these had been withdrawn. Some time ago the bank. with its branches at Pittsburg and Zanesville, mortgaged its property for $118,000. but this falled to stave off the trouble. The officers of the bank are: 1 resident, J. G. Stump: cashier, C. S. Littlek; vice president, J. S. Prettyman; assistant cashlers, A. L. Stump and Charles Littick: directors, George B. King. Horatio Bland, H. J. Shore, F. P. Prior and John Robinson. The First National Bank of Dresden, Ohio. was closed by direction of the controller of the currency, upon the report of National Bank Examiner Robert Lyons, showing it to be insolvent. Robert Lyons has been appointed receiver. Resources-Loans and discounts, $300,105.30: United States bonds to secure circulation. $50,000.00; bonds securities, etc., $12,930.00; banking house and other real estate, $4,016.51; due from banks and bankers, $12,625.21; cash and cash items, $12,792.68 redemption fund, $2,500.00. Total, $394,969.70 Liabilitles-Capital stock. $50,000.00; surplus and undivided profits, $6,581.10; circulating notes, $50,000.00; due to banks, $1,800.41: dividends unpaid, $99.00; deposits, $272,489.19; notes and bills rediscounted $14,000.00 Total, $394,969.70
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Ohio National Bank Closed. Washington, Oct. 15.-The comptroller of the currency has announced the failure of the First National bank at Dresden, O., which was caused by loans to local woolen manufacturers, who, it is said, had failed. Robert Lyons, bank examiner, has been appointed temporary receiver.
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Bank in Ohio Is Closed. The Comptroller of the Currency has announced the failure of the First National Bank at Dresden. Ohio, which was caused by loans to local woolen manufacturers, who it is said had failed. Robert Lyon. bank examiner. has been appointed temporary receiver.
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basis price of a proof gallon of spirits up to $1.35 per gallon, minus the revenue duty, the highest reached since the civil war. Simon von Vetsera, scion of a noble Austrian family and a notorious footpad at the time of his incarceration in San Quentin prison, California, was released on the ground that his sentence had been too severe. He had served seven years. According to advices received by the steamer Empress of China at Victoria, B. C., the Japanese government will organize a bureau of immigration and colonization. The drubbing of Theodore Roosevelt, Jr., in the Exeter-Harvard football game was deliberately administered, say the college boys, to test the president's son's nerve. At St. Gregory's hospital in New York five stitches were taken in the eyeball of Frank Post, an iron worker, asilk thread split four times being used. An attempt to extort $20,000 from J. Grier, manager of the Homestake gold mine, under threat of dynamiting his home unless the money was placed in a designated place was frustrated at Lead, S. D., by the arrest of the alleged blackmailers. That the uniform bill of lading which it is proposed to put into effect on all the railroads of the country on January 1 next by the interstate commerce commission is not satisfactory to the commercial interests and that two separate bills of lading should be adopted instead, was pointed out at a hearing of these interests before the interstate commerce commission. Interstate Commerce Commissioner Lane announced that his inquiry in San Francisco had disclosed the fact that the Southern Pacific had been paying rebates since the Hepburn rate law went into effect. The state department designated Algernon Sartoris, of the District of Columbia, to be secretary of legation at Montevideo. Mr. Sartoris is the grandson of President Grant. Gustavus L. Monroe, Jr., of Michigan, has been designated as secretary of legation at La Paz, Bolivia. The supreme court of Wisconsin decided that fine-cut tobacco in a leaf wrapper is not a cigarette and that the sale of such product is not a violation of the anti-cigarette law. Henry Nieland of Dane county, Wisconsin, committed suicide by hanging himself in the toilet room on a Chicago & Northwestern train. W. W. Ward, mayor of Fairmount, Minn., disappeared and it was feared he had met with foul play. George White, aged 35 years, shot and mortally wounded his brother Louis, aged 32, in Philadelphia, and then attempted to end his own life by sending a bullet into his head. Bion J. Arnold, for five years adviser of the city of Chicago in transportation matters, was appointed consulting engineer for the subway systems in New York city by the public service commission. A fall of slate in a coal mine at Portview, Pa., crushed a man and a young girl to death. The girl's mother was probably fatally injured. Nineteen persons were killed and many injured when a train left the tracks and was wrecked near Shrewsbury, England. Standing on a temporary platform, where an office desk served as a pulpit, and with his back to the gray stone of the old custom house, the bishop of London preached the Gospel in the open air of Wall street, New York. All the railroads entering Toledo were served with notice from freight handlers that ten days would be given the roads to increase the wages of the handlers. The heavy rumbling of an earthquake was felt in Lowell, Mass., and all suburban towns. The shock lasted two or three seconds and was followed by what appeared to be a sharp explosion. The failure of the First National bank of Dresdon, O., was announced by the comptroller of the currency in Washington. Bank Examiner Robert Lyons has been appointed temporary receiver. Five persons suspected of being the parties who dynamited the Joplin (Mo.) News-Herald plant on the night of September 13 were arrested. They are Minnie St. Clair, Charles Smith, W. S. Martin, Bessie Bean and Hazel Ray, alias Hazel Reed. In the arrest near Matalbany, La., of Mrs. Georgia Wren and her young son Charles, the Tanginahoa parish authorities allege that they have two highway robbers who have been terrorizing the people of that section of the state. Miss Ida H. Scott, 19 years old, sister of Mrs. Augusta Hartje of Pittsburg, Pa., whose husband is suing for divorce, has quit Miss Dana's Morristown (N. J.) seminary for girls, on account of unpleasant notoriety connected with the case. It is declared in Paris that Philip Coon, the young New Yorker who disappeared from a well-known hotel there October 12, has eloped. The Madrid government has decided
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wholesale price of spirits was The gallon at advanced one cent a Cin O. The advance brings the of a proof gallon spirit cinnati, basis price of the up to $1.35 per gallon, minus reve nue duty, the highest reached since the civil war. Simon von Vetsera, scion of a noble and a the time of his pad Austrian at family notorious incarceration foot in San Quentin prison, California, was on the ground that released his He sen had tence had been too severe. served seven years. According to advices received by the steamer Empress of China at Vic toria, B. C., the Japanese government immigrawill organize a bureau of tion and colonization. The drubbing of Theodore Roose velt, Jr., in the reter-Harvard tootball game was deliberately adminis- the tered, say the college boys, to test president's son's nerve. At St. Gregory's hospital in New the York five stitches were taken in eyeball of Frank Post, an iron worker, a silk thread split four times being used. attempt to extort $20,000 from manager of the under threat of J. gold An Grier, mine, dynamiting Homestake his home unless the money was placed place was S. D., by the arrest at in Lead, a designated frustrated of the alleged blackmailers. That the uniform bill of lading which it is proposed to put into effect the railroads of the country on 1 next by the on January all interstate satisfactory comcommission is not commercial interests bills of lading merce two to the separate should and out at that be a adopted instead, was pointed the of these interests commerce hearing interstate commission. before Interstate Commerce Commissioner in Lane announced that his inquiry San Francisco had disclosed the been fact that the Southern Pacific had paying rebates since the Hepburn rate law went into effect. The state department designated Algernon Sartoris, of the District of Columbia, to be secretary of legation the at Montevideo. Mr. Sartoris is grandson of President Grant. Gustavus been L. Monroe, Jr., of Michigan, has designated as secretary of legation at La Paz, Bolivia. The supreme court of Wisconsin decided that fine-cut tobacco in a leaf the is not a cigarette and that sale wrapper of such product is not a violation of the anti-cigarette law. Nieland of Dane county. Wiscommitted suicide Chiin the toilet room on a consin. himself Henry by hanging cago & Northwestern train. W. W. Ward, mayor of Fairmount, Minn., disappeared and it was feared he had met with foul play. George White, aged 35 years, shot and mortally wounded his brother aged 32. in Philadelphia, and life to end own Louis, then attempted his his head. by a bullet into for five years adviser Bion sending J. Arnold, in of the city of Chicago trans- conportation matters, was appointed sulting engineer for the subway systems in New York city by the public service commission. A fall of slate in a coal mine at a Portview, Pa., crushed a man and young girl to death. The girl's mother was probably fatally injured. Nineteen persons were killed and the injured when a train left many tracks and was wrecked near Shrewsbury, England. Standing on a temporary platform, where an office desk served as a puland with his back to the old custom stone pit, of the house, the Gospel gray the bishop of London preached New in the open air of Wall street, York. the railroads entering Toledo All served with notice from freight were handlers that ten days would be given the the roads to increase the wages of handlers. The heavy rumbling of an earth- and was felt in Lowell, Mass., lasted quake suburban towns. The shock all or three seconds and was followed extwo by what appeared to be a sharp plosion. The failure of the First National bank of Dresdon, O., was announced in the comptroller of the currency Robert Washington. by Bank Examiner Lyons has been appointed temporary receiver. Five persons suspected of being parties who dynamited the Joplin night the News-Herald plant on the 13 were St. Clair, Charles of are (Mo.) September Minnie arrested. and Smith, Hazel They W. S. Martin, Bessie Bean Ray, allas Hazel Reed. the arrest near Matalbany, La., In Georgia Wren and her young of Mrs. Charles, the Tanginahoa parish authorities son allege that they have two ter robbers who have been of the state. rorizing highway the people of that section Ida H. Scott, 19 years old, Pitts sis Miss of Mrs. Augusta Hartje of for ter Pa., whose husband is suing Morris burg, has quit Miss Dana's ac divorce. (N. J.) seminary for girls, connect on count town of unpleasant notoriety
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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.