52. First National Bank (Attalla, AL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7951
Charter Number
7951
Start Date
April 24, 1906
Location
Attalla, Alabama (34.022, -86.089)

Metadata

Model
gpt-5-mini
Short Digest
041e159a

Response Measures

None

Receivership Details

Depositor recovery rate
50.0%
Date receivership started
1906-04-24
OCC cause of failure
Excessive lending
Share of assets assessed as good
38.8%
Share of assets assessed as doubtful
27.8%
Share of assets assessed as worthless
33.4%

Description

The First National Bank of Attalla was closed by National Bank Examiner S. H. L. Cooper on April 24–25, 1906; examiner appointed receiver. Later reporting indicates embezzlement/misappropriation by the president and cashier and arrests; receiver paid dividends later. No evidence of a depositor run in the articles — closure was by government action and led to permanent receivership.

Events (5)

1. October 18, 1905 Chartered
Source
historical_nic
2. April 24, 1906 Receivership
Source
historical_nic
3. April 24, 1906 Suspension
Cause
Government Action
Cause Details
Closed by National Bank Examiner Cooper on orders of the Comptroller of the Currency after examiner found the bank insolvent; examiner appointed receiver.
Newspaper Excerpt
The First National bank of Attalla was closed by National Bank Examiner S. H. L. Cooper this morning.
Source
newspapers
4. April 25, 1906 Receivership
Newspaper Excerpt
The First National bank at Attalla, Ala., was closed during the day by direction of the comptroller of the currency ... Examiner Cooper has been appointed receiver.
Source
newspapers
5. August 1, 1906 Other
Newspaper Excerpt
The receivers of the defunct First National Bank of Attalla, will pay a dividend to the depositors ... the receivers ... will pay a dividend of fifteen per cent to the creditors ... on September 10. The failure of the bank was caused by the misappropriation of the bank's funds by the president and cashier, who were subsequently arrested upon that charge.
Source
newspapers

Newspaper Articles (18)

Article from Bismarck Daily Tribune, April 25, 1906

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Alabama Bank Closed. Washington, April 25.-The First National bank at Attalla, Ala., was closed during the day by direction of the comptroller of the currency upon information received from National Bank Examiner Cooper that the bank is insolvent. Examiner Cooper has been appointed receiver.


Article from The Bemidji Daily Pioneer, April 25, 1906

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Alabama Bank Closed. Washington, April 25.-The First National bank at Attalla, Ala., was closed during the day by direction of the comptroller of the currency upon information received from National Bank Examiner Cooper that the bank is insolvent. Examiner Cooper has been appointed receiver.


Article from The Birmingham Age-Herald, April 25, 1906

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ATTALLA BANK IN RECEIVER'S HANDS SURPRISE IS CAUSED BY THE ANNOUNCEMENT THAT THE FIRCT NATIONAL HAD BEEN CLOSED BY FEDERAL EXAMINER COOPER Gadsden, April 24.-(Special.)-The First National bank of Attalla was closed by National Bank Examiner S. H. L. Cooper this morning. The First National bank of Attlla was organized last October and had previously been known as the Bank of Attalla. It was captialized at $30,000. When asked for the cause of his action, Examiner Cooper stated that his reports had to be made through the department at Washington. L. M. Dykes is president of the bank and some of the best citizens of Attalla are its stockholders and direc-


Article from Americus Times-Recorder, April 26, 1906

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Bank in Examiner's Hands. Gadsden, Ala., April 25.-Federal Bank Examiner Silas H. L. Cooper, has taken charge of the First National Bank of Attalla, and has closed its doors. The only information to be had is that the examiner has taken charge and closed the doors. It is understood the action was taken on orders from the comptroller of the currency in Washington. It is said the bank is only temporarily embarrassed and will be able to resume. L. M. Dykes is president and some of the leading business men of Atalla are directors. The capital stock is $25, 000. It is believed that the statement of the bank up to April 6 caused the investigation which led to suspension.


Article from Milford Chronicle, April 27, 1906

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A WEEK'S NEWS CONDENSED ) Thursday, April 19. William Schenk and James Farrell, - of Newark, N. J., were killed at Nor: walk. Conn., while stealing a ride on : a freight train. Charles P. Donnelly, of Philadelphia. was elected chairman of the Pennsylvania Democratic state committee to succeed J. K. P. Hall. In a collision between a freight train and an express on the Pennsylvania railroad near New Florence, Pa., nine passengers were injured. Secretary Taft notified the senate committee on inter-oceanic canals that the type of canal to be built on the Isthmus of Panama must be determined at once or work must be suspended. Friday, April 20. Professor Curie, the discoverer of radium, was run over and killed by a wagon in Paris. W. D. Zehnder, president of the Scranton (Pa.) Bolt and Nut company died of pneumonia. William H. Gardner, a showman and associate of the late James A. Bailey, died of pneumonia in New York. The general officers of the National Guard of Pennsylvania decided to hold the division encampment at Gettysburg July 21-28. The glass factory of the George Jonas at sevcompany dwellings Minotola, destroyed N. J., and by eral were fire, entailing a loss of $100,000. Saturday, April 21. William Beckers, a millionaire, of Milwaukee, Wis., committed suicide at Mobile, Ala. The Chicago, Burlington & Quincy railroad was found g ilty in Chicago of granting rebates and fined $40,000. The Reading Railway shops at Reading, Pa., will work 36 hours a week, owing to the anthracite shutdown. a poor director of Pa., suiJohn Dauphin C. Lyme, county, former committed cide by shooting at Harrisburg, owing to ill health. Angered because she had repeatedly his offers of rejected killed marriage, his niece, Frederick Laing shot and Katie Gordon, a Hungarian girl, at New Brunswick, N. J. Monday, April 23. Andrew Carnegie has given Lehigh University $100,000 for the erection of dormitories. Russell Ricker was swept over the Lehigh dam at Easton, Pa., while fish ing and was drowned. Fred E. Platt, brother of United States Senator Thomas C. Platt, died at Oswego, N. Y., aged 87 years. From drinking wood alcohol, three men working on Tidewater railroad construction near Radford, Va., are dead. 1 Catharine Hess was held up neal i her home in Lancaster, Pa., choked, f carried two squares and robbed of her o purse and a bank book. 1 Tuesday, April 24. While temporarily insane, John Van a of f company, e Suan, Publishing vice president himself. of the New Dillingham York shot and killed i Major Harry C. Greenawalt, a clerk in the Pennsylvania state treasury at W Harrisburg, died suddenly at his home d at Fayetteville. il Fire destroyed a large barn at the C stock yards at a Union burning 75 Indianapolis, horses nd., to death and d 5 more were killed in a stampede. tl The employes of the round house fi and machine shops Reading at Pa. Railway Company of Shamokin, the of will work only two weeks a month. st Wednesday, April 25. th th The National Municipal League held la ts annual convention in Atlantic City N. J. 01 sa The Southern Illinois Coal company di as incorporated at Trenton, N. J., ith a capital of $2,000,000. al at Mrs. Elizabeth R. Covell, aged 89 th ears, the oldest resident of Wilkes Barre, Pa., died of pneumonia. cl The First National Bank at Attalla, cu la., has been closed by the comp or oller of the currency and a receiver ppointed. ml m Owing to the earthquake and fire at is an Francisoo and other towns in the de cinity, the sessions of the University off California have been suspended for e rest of the academic year. an or PRODUCE QUOTATIONS


Article from The Birmingham Age-Herald, May 3, 1906

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SCHOOL BUILDING MONEY IS TIED UP Was in National Bank of Attalla When it Failed MEDICAL SOCIETY MEETS Star Witness in Murder Case Is Married to Cousin of Murdered Man at Gadsden-New Hotel Probable. Gadsden, May 2.-(Special.)-The failure of the First National bank in Attalla has placed that little city in an embarrassing position as to the building of the new school building, which was let to contract a few weeks ago. The money to be used for this purpose was placed in this bank and is now tied up awating a statement of the receiver. The money was deposited with the bank conditionally, that the bank was not to use it. Whether the city will lose it is not known. The money was kept on deposit in this city for some time but as it was to be used shortly the school trustees transferred the amount to the Attalla bank just before it failed. It was the intention of the contractors to have the building ready for the fall session. The Etowah County Medical Society met this morning in regular monthly session in the office of Dr. E. L. Jones. Dr. J. M. Brown presided. Several important papers were read and discussed and new cases were reported of interest to the profession. The first ball game of the season will be played at the park Saturday afternoon between the local and Alabama City team. The latter team is a strong one this year and will test the strength of the locals. The monthly report of the postoffice shows the total receipts for the past month to have been $1214.06, a gain of 12 1/2 per cent over the same month in 1905.


Article from The Birmingham Age-Herald, May 12, 1906

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T. M. THORNTON IS NAMED RECEIVER Has Charge of First National Bank of Attalla I BISHOP CONFIRMS A CLASS Birmingham Deanery, Which Has Been In Session at Gadsden for Several Days, Comes to a Close. Gadsden, May 11.-(Special.)-Thomas has been permaof the First M. nent Thornton receiver appointed National National bank of Attalla which was closed by Bank Examiner Cooper about two weeks Mr. Thornton is now in charge as the of the in interests of the ago. the representative creditors government bank's of condi- and the bank. No statement of the tion has yet been issued. Bishop Beckwith officiated at the conof a class last church, A firmation Episcopal large night congregation at the was present to witness the beautiful and sacred ceremony. These services closed meeting of the Birmingham deanery been in session the which has for the the past three days in the Church of Holy Comforter. Richmond P. Hobson was in the city last and this morning en from New to he night Market Jacksonville, the State route where an address at Normal at that place. was an ovation when he on quite will deliver school He appeared given the streets and was warmly congratulated on his recent victory. Child Dies. Florence, the 15-months' old daughter of Dr. and Mrs. Charles L. Gunn, died at the family residence early this morning and was buried at 4 o'clock this afternoon in Forest cemetery. The child had been a sufferer for several weeks with a comof diseases. have the deep every plication parents sympathy The bereaved of one in their loss. Later reports from the country districts show that the heavy frost of Thursday did more damage than was at first supposed. Much cotton is reported killed outright and corn was badly injured in many localities. Ice is reported to have formed at many places. Farmers are alof and ready The replanting farmers both Etowah cotton county and corn. members of the Farmers' Educational and Co-Operative union will meet in the court house in this city on July 3, at which time a local farmers' union will be organized. A number of state officials of the organization will be present to assist in the work. The meeting was to have been held at Mountainboro, but was changed to this city on account of the central location. Notes and Personals. Ab Davis, a former saloon keeper of this city, was arrested last night upon a warrant sworn out by L. M. Thomas, charging him with assault with brass 'knucks. Davis was placed under a $250 bond. It is stated that the iron now being furnished the Southern Steel company from the furnaces of the Alabama Consolidated Coal and Iron company is being used most successfully in the manufacture of high grade steel. The iron contains the right per cent of phosphorus which is essential in the making of good steel. A movement is on foot to invite the members of the Methodist conference now in session in Birmingham, to visit this city next week and spend a half day looking over the city and district. If the idea carries the visitors would leave Birmingham in the afternoon and go back late in the evening. Dr. Charles L. Gunn has been elected president of the State Dental association. Co. W. H. Denson of Birmingham, was in the city today on legal business. M. C. Lively, young lawyer of this city, has been appointed ex-officio justice of the peace and notary public.


Article from The Montgomery Advertiser, August 19, 1906

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NEW BANK AT ASHVILLE. Institution will Open its Doors For Business Monday. Gadsden, August 18.-(Special.)Th Ashville Savings Bank of Ashville, St. Clair county, a new banking Institution. will open its doors for business Monday. The bank begins business in its own building which was erected for the purpose and is provided with all modern conveniences. The institution has a capital stock of $25.000 and its stockholders are some of that county's most substantial citizens. The officers are: James L. Herring, president; Dr. J. B. Bass, vice-president; Dr. W. A. Reason, second vice-president: A. K. Senour, cashier. The establishment of a bank at the capital of St. Clair county will All a long felt need. The County Board of Registers, who have been engaged in correcting and revising the registration books during the week, finished this task this morning. While quite a number were d-opped from the list, the increase, hoil.v. er, is far in excess of the decrease. The commission will go to the western part of the county next week and will return to the city on August 27. It has been stated on reliable authority that the receivers of the defunct First National Bank of Attalla, will pay a dividend to the depositors of that institution which failed several months ago. The stockholders have been assessed for the amount of their stock. and most of them have responded promptly. The failure of the bank has worked quite a hardship on a number of people, some of whom had all their savings of many years in the bank.


Article from The Birmingham Age-Herald, August 19, 1906

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has been designated as a United States depository by the Secretary of the Treasury, Leslie M. Shaw. The First National is one of the strongest banking institutions in the state and this action on the part of the government is considered quite a compliment, inasmuch as very few banks outside of the larger cities are accorded such honors. This 1g the only national bank in the Seventh congressional district at present. Want Morning Accommodation Train. The merchants of this city have inaugurated a movement to try to secure a morning accommodation train over the Rome and Decatur division of the Southern railway from Rome, Ga., to this city, If such a train is put on, it would bring an immense amount of business to this city which is now \going elsewhere and legitimately belongs to this city, There is a mixed passenger and freight train, arriving over this road from Rome late in the morning, but it is seldom on time, and there is little dependence to be put in it. Attalla Bank to Pay Dividend. It has been stated on reliable authority that the receivers of the defunct First National bank of Attalla will pay a dividend to the depositors of that institution, which failed several months ago. The stockholders have been assessed for the amount of their stock, and most of them have responded promptly. The failure of the bank has worked quite a hardship on a number of people, some of whom had all their savings of many years in the bank. The surveying corps of the Interurban Electric railway, who are locating the route of the proposed railway between this city and Tuscaloosa by way of Birmingham, have reached Ashville, in St. Clair county, and If the weather is favorable will reach this city the latter part of next week. A. great deal of interest is being taken in the matter here, as it will open up a fine country which heretofore has had no railroad facilities. The Alabama conference and camp meeting of the Seventh Day Adventists is in progress in Attalla, and will continue until August 26. Several of the most prominent members of the sect in the United States are in attendance and the meetings are being largely attended. The Gadsden delegation of Masons returned from Guntersville last night where they instituted a chapter of Royal Arch Masons, six candidates being given the royal arch degree. State Grand Secretary George W. Beauchamp was present and assisted in the ceremonials. The following from Gadsden were present: H. L. Ison, J. D. Dunlap, M. L. Foster, W. J. Beggs, E. W. Christopher, J. W. Lawrence and J. A. Penny. Mrs. Willie Bates died last night at the home of her parents, Mr. and Mrs. W. L. Fleming, on Third street, after a lingering illness of several months. She was the wife of the late Robert Bates and is survived by two small children. The funeral services will be conducted from the residence tomorrow afternoon. Little Miss Ruth Duncan has received a substantial check from the St. Nicholas Magazine as a prize for the best drawing advertising a well-known brand of ladies schoes. This is the second prize she has won for work done for this publication.


Article from The Montgomery Advertiser, August 25, 1906

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FINANCES OF ETOWAH. Treasurer Herzberg Submits a Fine Report. Gadsden, Aug. 24-(Special.)-L L. Herzberg County Treasurer, has issued his semi-annual report today, showing the financial condition of Etowah County. The repore, which includes the income and expenditures for the six months ending August 1, shows the County to be in most excellent condition financially, and reflects credit upon the different officials connected with the administration of the County's affairs. There are no outstanding bills and there is a credit of $6,694.22 in the treasury, which is sufficient to finance the County until December 1. The income of the County has been derived from the regular sources, and no bonds have been issued as has been the policy of former administrations. Another remarkable fact is that Judge J. W. Penn has paid an outstanding debt of $18,500 during the two years he has been in office, the debt being incurred by a former administration. With the election only a few days off ,there is no excitement whatever over the State officials to be elected. There is some excitement in the contest for the nomination of a Senator from this, the Sixth District, the respective candidates and their friends continue to publish affidavits and cards in the local papers giving their side of the issues at stake. Considerable interest is also manifested in the second run off for Sheriff in this County. Both candidates and their supporters are claiming victory. The Comptroller of the Currency has ordered Receiver Thomas M. Thornton of the First National Bank of Attalla, to pay a dividend of fifteen per cent to the creditors of that institution on September 10. This is the first statement made by the receiver since the failure of the bank several months ago. The failure of the bank was caused by the misappropriation of the bank's funds by the president and cashier. who were subsequently arrested upon that charge.


Article from The Birmingham Age-Herald, August 25, 1906

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GADSDEN TO HAVE STEEL POWER HOUSE CONTRACTS AWARDED TO BIRMINGHAM MEN FOR THE NEW STRUCTURES-BOLL WEEVIL IS SAID TO BE IN ETOWAH. Gadsden, August 24.-(Special.)-The Alabama City, Gadsden and Attalla Raliway company today awarded a contract for the construction of a steel building 50x100 feet to be used for a power house for the new plant to be installed. The entire building is to be of steel, and is to be finished within nine weeks. The work of construction will begin August 27. The company recently bought machinery costing $125,000, and when finished the new plant will be one of the most perfect in the south. The same company also awarded a contract today for tne construction of a new steel car barn which will be 50x100 feet, and will be absolutely fire proof. This building will be between Ninth and Tenth streets. Both contracts were awarded to builders in Birmingham. According to the statement of a man who has resided in Texas a cotton boli weevil was found in a cotton field near this city today. Others who claim to know the insect say that it is the genuine Texas bug. The weevil also talifes with the descriptions sent out from the experiment stations. The comptroller of the currency has ordered Receiver Thomas M. Thornton of the First National bank of Attalla to pa.y a dividend of 15 per cent to the creditors of that institution on September 10. This is the first statement made by the receiver since the failure of the bank several months ago. The failure of the bank was caused by the misappropriation of the bank's funds by the president and cashier, who were subsequently arrested upon that charge. Two freight cars were wrecked in the Ninth street yards of the Louisville and Nashville railroad about 8 o'clock last night and traffic was blocked several thours, the wrecking train from Birmingham being ordered out to clear the tracks. An engine was switching when the train broke in two and the part next to the engine was driven against the other section with great force, demolishing both cars. The members of the boys' athletic de-


Article from The Lamar Register, January 2, 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., Osakosh, 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, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed: liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities. $4,000,000. S-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, III., 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, suburb of Chicago, fails.


Article from Audubon Republican, 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, III., 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. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. 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, suburb of Chicago, fails.


Article from The Greenville Journal, 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. 24-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. 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, III., 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 Commi on Co., one of largest brokerage how es in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from Iron County Register, 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, III., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, falled; liabilities, $400,000. 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, suburb of Chicago, fails.


Article from The Tupelo Journal, January 4, 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, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. 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., Crosea NJ comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.


Article from The Birmingham Age-Herald, January 4, 1907

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Local Weather Data. Birmingham, January 3, 4 p. m. 71 Maximum temperature 60 Minimum temperature 66 Mean temperature 42 Normal temperature Excess of temperature since Janu55 ary 1 0 Rainfall since 4 p. m. yesterday T Rainfall since January 1 Deficiency of rainfall since January 1 RECORD OF THE COURTS In the circuit court yesterday Judge Coleman was engaged trying non-jury cases. In the case of Dan Carroll, pro ami., VS. Republic Steel and Iron company, a judgment "was rendered for the plaintiff for $35. The case of Jane E. Sibley vs. Frank E. Fleming which was on trial on Wednesday, was taken under advisement by the court. The case of Bynum & Butcher Hardware company VS. W. A. Martin is on trial. Circuit Court Docket, The following docket is set in the circuit court today: T. H. Spencer vs. C. G. Abercrombie & Co., assumpsit; Charley Smith vs. Louisville and Nashville Railroad company, appeal; Mrs. D. O. Robinson vs. J. P. Long, appeal; J. H. Eubank & Co., vs. A. F. deFuuiak, assumpsit; J. A. Culpepper, vs. Charles Schellechi, assumpsit; A. B. Vandergrift & Son vs. E. M. Newbourn, assumpsit; George Draper vs. Andrew Kyle, et al., appeal; J. A. Aldridge vs. Birmingham Railway, Light and Power company, appeal; Emmanuel Harris vs. W. E. Howard, et al., appeal; T. F. Johnson vs. Alabama State Fair and-Exhibit -associatien, appeal; R. D. Alexander vs. Maurice Ward, et al., appeal; H. S. Brown vs. S. W. Andrews, appeal; A. B. Vandergrift & Son vs. J. W. Hawkins, appeal; J. D. S. Davis VS. A. H. Davis, assumpsit; National Chemical company vs. Alabama Great Southern Railroad company, appeal; J. M. Baker, executor, vs. J. E. Kennedy, Jr., assumpsit: White Blakeslee Manufacturing company vs. W. T. Kennedy, appeal; A. B. Vandergrift & Son vs. M. H. Fitzpatrick, appeal; George Moore vs. Sam Trippie, et al., appeal; Roth & Satterfield vs. Tom Costos, appeal; Jebeles & Colias Confeetionery company vs. Joe Kabose, appeal; Louis Pizitz vs. New Ellis Hotel company, appeal; Mrs. Ida Luster vs. Mrs. Susie Foster, appeal; S. E. Gillespie vs. C. C. Phillips, garnishment. City Court. In the city court yesterday the judges were engaged settling pleadings. New Suits. In the city court yesterday Lewis Jones filed suit against the Sloss-Sheffield Steel and Iron company for $1999 damages. The plaintiff alleges he was unlawfully imprisoned by the defendant in Flat Top mines for four days and that he was whipped and beaten while there. Chancery Court. The following decrees were rendered in the chancery court yesterday: Addie F. Nance, as guardian, vs. Ida S. Nance; decree authorizing guardian to sell real estate described in bill and apply proceeds to benefit of minors. Martha Vines vs. I. W. Sshort, et al.: decree setting aside sale heretofore made and ordering resale. V. C. Smith VS. Lillian Kiely, et als.; order allowing defendant five days to answer. Federal Court. In the federal court yesterday Thomas F. Thornton, as receiver for the First National bank of Attalla filed suit against the United States Fidelity and Guaranty company for $10,000 damages for breach of a bond. The plaintiff alleges that the defendant, for a certain monetary consideration, entered into a bond whereby It obligated itself to make good and reImburse the plaintiff for such pecuniary loss as it might suffer by reason of the fraud or dishonesty of L. M. Dyke, presIdent of the First National bank of Attalla, during and between November 13, 1905 to April 24, 1906; and the plaintiff avers that during said period the bank sustained losses aggregating said amount by reason of the fraud and embezzlement of L. M. Dyke, and that the defendant failed and refused to make good said amount as required by the bond. L. M. Dyke was indicted by the grand jury and will be tried at the May term of the federal court at Anniston.


Article from The Idaho Recorder, January 10, 1907

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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.: Habilities, $150,000. 18-G. 8. McReynolds & Co., Chicago: liabilities, $400.000. Feb. &-Boliver County Bank, Cleveland. Miss.: liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. N-Cash Buyers' Union, Chicago, placed in receiver's hands. Williamson Libbey Lumber Co., Oshkosh, Wis.: liabillties, $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, III., assigns; liabilities, $30,000; assets. $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.: liabilities, $100,000. 34-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed. Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston. failed: liabilities. $400,000. 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 Chiengo 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, III., closed for lack of ready cash. Dec. 1-Bank of Kiowa, L 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. suburb of Chicago, fails.