New Amsterdam National Bank (New York, NY)

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STOCK MARKET TODAY New York Speculators Take More Favorable View of Financial Situation -Associated Banks Assist Mercantile National Third Consecutive Day. New York, Oct. -Encouraged by protective measures adopted over Sunday by the clearing house banks, speculators took a more favorable view of the financial situation this morning. The stock market opened strong and higher. The Mercantile National bank today owed the clearing house on balance, $1900.000, and the National Bank of North America owed $850,000. These sums were unexpectedly large and indicated that heavy withdrawals were being made from these two banks. The sum owed by the Merchants' and Traders' National Bank was $430,000, and that owed by the New Amsterdam National Bank, $200,000. The clearing house committee decided at a meeting to assume responsibility for the Mercantile National Bank's large debt balance. This is the third consecutive day on which the associated banks have gone to the assistance of the Mercantile. The only weak features in the stock situation today were stocks and bonds of the Consolidated Steamship Company. This is the company in which Charles W. Morse is the controlling factor. United States Copper advanced two points. Seth M. Milliken, new president of the Mercantile National Bank, was in charge of the institution's affairs today. He said that the affairs at the bank were progressing satisfactorily. Questioned as to loans made to F. A. Heinze and Charles W. Morse, Milliken said it was expected that they would repay the loans made to them as soon as they were able. Ed O. Eldridge, cashier of the new Amsterdam National Bank, said today that there was no more than the usual business being done this morning in the way of deposits.

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Clearing House Assists All the Shaky Banks to Get on Their Feet COMMITTEE FEELS EQUAL TO MEET ANY EMERGENCY Improved Conditions Are Reflected in Buoyancy of the Stock Market. Plans Are Made to Help Other Banks, New York, October 21.-The recent tension of the banking community was today considerably relieved and today passed with no adverse developments of a serious character but with much that was reassuring. At the same time there was evidence that some of the banks most affected by recent events were still in need of assistance, but the promptness with which the clearing house accorded it did much to ally further alarm. The general improvement was reflected in the buoyancy of the stock market and the steady advance in prices from previous low levels. The clearing house was called upon to get debit balances of the Mercantile and the New Amsterdam banks to the extent of upwards of $2,000,000 of which the Mercantile owed about $1,900,000 and the New Amsterdam $200,000. The debit balance of the National Bank of North America amounted to $850,000. While there was said to have been some discussion between the clearing house committee and the officers of the latter bank as to the necessity of giving it any support it was found necessary to do so. The fact that the clearing house committee regards the situation as still serious was shown by the remark of a member of the committee that the Mercantile bank's debit balance was "unexpectedly large and disconcerting." The committee remained in session the greater part of the day discussing a general plan of policy with regard to assisting such banks as might need help. After the committee had adjourned for the day James T. Woodward, president of the Hanover National bank, and chairman of the clearing house committee. said that conditions were improving and that the committee felt equal to meeting any emergency that might arise tomorrow. On the stock exchange the improved banking conditions resulted in a rally of pronounced proportions, the more active issues advancing two and three points with greater gains in some of the specialties. Part of this advantage was lost later by a flurry on call loans. the rate for which advanced to 91/4 per cent. On the curb the feature was the heavy selling at severe declines of Consolidated Steamship bonds, which at one time sold at 7% a decline of 3% points from the high. The net loss for the day was 2 points. The Consolidated Steamship company is controlled by Charles W. Morse, One development today which did not tend to ease the prevailing conditions was the application for a receiver for the firm of Otto Heinze & Co. Argument on the motion was deferred until Wednesday.

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cessful movement

But the closing of the National Bank of North America, attracting renewed attention to the interests which had previously dominated both institutions in their past administrations, started fresh reports of an exaggerated and sensational nature, which necessitated the liquidation of the bank. No loss will be sustained by depositors, and the stockholders will receive a substantial dividend. CASH RESERVE HALF GONE. At 8 late hour last night National Bank Examiner Hanna made this statement: William B. Ridgely, Controller of the Currency, at the request of its president, ordered the New Amsterdam National Bank to be closed. late this afternoon. and instructed the national bank examiners of this city to take charge of its affairs pending the appointment of a receiver. President F. W. Kinsman, jr., informed the Controller's representative that about one-half of the bank's cash reserve had been depleted by withdrawals and payments during the course of the day. and it was feared that further heavy demands from depositors would be made tomorrow. which the bank would be in no position to meet Controller Ridgely is not in the city, having returned to Washington on Tuesday night. President Kinsman was downtown all the afternoon in conference with other bankers. He had expected on Tuesday night to be able to retire the bank's outstanding Clearing House loan certificates yesterday. the amount of which had been reduced to but the withdrawals of deposits were so heavy yesterday as to make it out of the question to carry that purpose into execution. The following statement of the assets and liabilities was given out by Mr. Hanna at the bank last night

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Run On Oriental Bank

Special to the Fitzgerald Enterprise. New York, Jan. 30 -As a result of the closing of two financial institutions last p. m. a small run this morning developed on the oriental Bank and about seventy five persons were in line at the payin g telers window. All demands being met promptly. The directors of both the New Amsterdam Bank and Mechanics and traders bank closed yesterday assert this morning that their banks are postively solvent aud that all depositors will be paid in full.

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Receiver Named

Washington. D. C., Jan. 30.-Bank Examiler Charles A. Hanna, temporary receiver of the National Bank of North America, was today appointed temporary receiver for the New Amsterdam National bank of New York. Plenty of Resources. No statement has yet been made as

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JUSTIN R

WHITING. has had charge of the Michigan Unitlast two years, will have associated Clair, when the company's new legal In Jackson are opened. TWO N.Y. BANKS CLOSE THEIR DOORS NEW AMSTERDAM NATIONAL AND MECHANICS AND TRADERS' TOO CLOSELY ALLIED WITH MORSETHOMAS FOR DEPOSITORS. NEW YORK, Jan. 30.-A small run has developed this morning at the Oriental bank at Broadway and John-st. About 75 persons are in line at the paying teller's window. An official of the bank states that all demands are being met promptly.

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CLOSING PRECIPITATES RUN New York, Jan. 30.-A run on Oriental bank, at Broadway and J street, began when the doors of institution were opened at 10 o'c this morning, but this afternoon it declared that the attack would withstood successfully. The tro followed the announcement that New Amsterdam National bank the Mechanics and Traders' bank been forced to suspend business account of heavy withdrawals of posits.

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the money away in one of the New Amsterdam's safe deposit boxes. Lena Cavalieri is reported to have had $14,000 on deposit. Herr Conried himself closed cut his account two or three days ago. The Metropolitan Opera Company had only a small balance. about enough to cover the outstanding checks. A good many of the Metropolitan singers and employees have these uncashed checks. Some of them have held the checks for a month or more. The opera company will redeem the paper. Otto Weil, the assistant manager of the opera house, was one of the few persons in the building yesterday morn ing who were happy. He had only $5 in the bank. Cheer up." said he to Ralph Edmunds, the press agent, who is one of the mourners. "this cold weather won't last long." About fifteen minutes later Mrs. Weil appeared at the Metropolitan offices. "Why, Otto." said she, "I can't get the money on this check." It was a check for $50 that Weil had given to his wife three days before. She had neglected to get it cashed. Mr. Weil will redeem it. It was surprising yesterday how many actors were willing to admit they had bank accounts. You could find them in every theatre, and all of them were tied up in the New Amsterdam. Most of them, too, got the news just as they were to appear on the stage. The details of how William Rock. for instance. had to do a song and dance at the Casino right on top of the news that he was temporarily busted were harrowing enough to make the press agent weep. Mr. Hanna. as receiver of the National Bank of North America. has already been able to pay back to the Clearing House onefourth of the bank's loan on certificates, and within the next few days, it is expected, this indebtedness will be wiped out. Thomas E. Wing of 22 Pinestreet has been appointed attorney for the receiver.

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Bank Examiner Charles A

Hanna, temporary receiver of the National Bank of North America, has been appointed temporary receiver of the New Amsterdam National Bank of New York.

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YORK EXCITED AGAIN Closing of Two Banks Causes Small Flurry Among Depositors in Other Institutions. THE ORIENTAL BANK WITHSTANDS A RUN When the New Amsterdam National and Mechanics' and Traders' Failed to Open, Depositors in Other Banks Became Scared and Began to With draw Their Money.

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Effect is Small

Memphis, Tenn.-Announcement of the suspension of two banking institutions in New York had little effect in financial circles there. The fact that both institutions were known to have been carried by the clearing house banks through the serious panic times was generally known, and their failure to keep on their feet after they were put on their feet is no surprise. Bank examiners took active charge of the affairs of the New Amsterdam National bank and the Mechanics and Traders' bank, a state institution. Both of these banks were included in the Morse-Heinz chain of banks, and after the closing of the National Bank of North America a few days ago there had been what practically amounted to runs upon them. Both of them were still unable to take up their allotment of the certificates which the clearing house issued during the stringency beginning in October, and when the renewed drain upon their resources began, the clearing house authorities declined to further extend their credit.

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RECEIVE CLAIMS ON BANKS

NEW YORK, March 3.-Charles A. Hanna, receiver of the National Bank of North America, and of the New Amsterdam National bank, the two largest institutions in the old Morse chain, has announced that he would be ready, beginning today, to have depositors prove their cleams. The New Amsterdam hopes to be able to reopen, with the Morse influence absolutely eliminated, and the opinion has been expressed on excellent authority that depositors in the Bank of North America will be paid in full.

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ASSISTANT SECRETARY NEW AMSTERDAM RECEIVER John H. Edwards Resigns to Take Charge of Affairs bf Suspended National Bank. WASHINGTON, March 16.-The resignation of Assistant Secretary of the Treasury John H. Edwards will take effect to-morrow. He has accepted the receivership of the New Ameterdam National Bank of New York, which recently suspended.

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EDWARDS QUITS TREASURY TO TAKE RECEIVERSHIP OF NEW AMSTERDAM BANK Will Become President When Affairs Have Been Adjusted. Another Assistant Secretary of the Treasury of the United States today steps from the Treasury Department into a place high in the finances of the country. J. H. Edwards, Assistant Secretary under Secretaries Shaw and Cortelyou, leaves the Treasury today, to become the receiver of the New Amsterdam National Bank, of New York clay, and upon the successful rearrangement of its affairs will probably become the president of that institution. This report was confirmed by Secretary Cortelyou and Mr. Edwards this afternoon. It can be said authoritatively that Mr. Edwards has been tendered several important positions with financial institutions in the metropolis, but at Secretar Cortelyou's request has taken the receivership of the New Amsterdam Bank. The Secretary regrets Mr. Edwards leaving the Treasury Department. He is glad, however, that Mr. Edwards is to take charge of the affairs of the New York bank, as the department is much interested in promptly straightening out the affairs of the institutions crippled in the recent panic. JOHN H. EDWARDS, It is understood that a successful readjustment of the bank's affairs can be Who Leaves the Treasury Today. made, and that, with this done, the presidency will be tendered to Mr. Edwards. Pending this, however. there cent chaos is well known, that Mr. Edare several good places being held open wards agreed not to accept for the presfor the retiring official. The New Amsterdam National Bank is ent any of the attractive offers tendered him. the last of the big New York banks that became involved last fall, and whose Mr. Edwards officially leaves the servIce of the Government as Assistant Secaffairs have since been handled with a view to resumption. It is now said retary of the Treasury tonight, and will that the outlook is very hopeful, and be succeeded in the morning by L. A. Coolidge. that the bank will reopen at an early date. Beginning late this morning, many friends of Mr. Edwards called at the It was only at the request of the SecTreasury to congratulate him upon his retary of the Treasury, whose deep innew position. terest in bringing order out of the re-

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as Assistant Secretary of that department, made himself deservedly popular by his efficient services with those who were associated with him. A man of exceptional ability. he merited the esteem of his superiors, and it was with regret that Secretary Cortelyou sanctioned his departure. The retiring Assistant Secretary will be succeeded by Louis Coolidge, who will take the oath of office to-day. Mr. Edwards, the retiring Assistant secretary, came to Washington from Ohio, and has administered the affairs of the office in a particularly able manner. He has enjoyed the confidence of bla superiors to a marked degree and has been deservedly popular with those who frequent the second floor of the Treasury Building. Secretary Cortelyou said yesterday that Mr. Edwards had received three attractivo offers from financial institutions in New York, but that he prevailed upon Mr. Edwards to suspend consideration of them for a time. He did so, he said, because he felt that he needed Mr. Edwards' services in the receivership of the New Amsterdam Bank. He added that he regarded his assistant as especially qualified for this work. Mr. Cortelyou said he regretted exceedingly that Mr. Edwards was leaving the Assistant Sec. retaryship, as he had discharged the duties of that office with excep ional ability. It was stated yesterday that the New Amsterdam Bank will eventually resume business. and that other institutions in the same vicinity will be consolidated with it to form a banking house of large capital. Mr. Edwards will, as receiver, take an active part in the reorganization of the New Amsterdam and the other banks which are to be consolidated with that institution, and it is supposed that his appointment is preliminary to his election as president of the consolidated concern. Mr. Edwards was private secretary to Leslie M. Shaw when Mr. Shaw was Secretary of the Treasury, and was appointed Assistant Secretary when Robert M. Armstrong retired from the department to become president of a banking institution in New York. Business on the Washington Stock Exchange yesterday was small in volume, chiefly because there was little stock to be had. It was clear to the observer that there was a good demand for stocks. Prices were in most instances bid up, brokers standing ready to take shares at prices better than the closing bid. Indeed, there was a good deal of sparring in the way of bids, in the hope of uncovering stock; and the impression left by the day's business was that much more stock could have been soid than was offered. The chief business was the utility shares, Capital Traction leading. It sold somewhat under the highest of last week, at 118 1-2 and 119. Washington Railway and Electric preferred went at 70 1-8, and 24 1-2 was bid for the common. Gas was sold in fractional lots above 62, and Washington Railway and Electric 4s brought L321-2.

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NEW AMSTERDAM BANK'S DIVIDEND

Depositors in the suspended New Amsterdam National Bank received yesterday the long looked for initial dividend of 25 per cent. The bank closed its doors on January 29. and Charles A. Hanna, national bank examiner and receiver of the National Bank of North America, took charge temporarily. The bank. although a Morse institution, was understood to be in fairly good shape, with sufficient assets to pay off all the depositors in full. John H. Edwards, ex-Assistant Secretary of the Treasury, was appointed receiver two months ago. Mr. Edwards said yesterday that he expected to pay a second dividend of 25 per cent in the near future. It is understood that plans for the reorganization and eventual reopening of the bank under a new name and with new interests in the directorate are well under way.

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MR. MORSE OPTIMISTIC. Financier Says He'll Soon Take the Public Into His Confidence. Charles W. Morse, when seen yesterday in the National Bank of North America, where he had been in consultation with Charles A. Hanna, the receiver, said that his plan to pay off all the bank's depositors and then have the bank's assets turned over to the stockholders was making excellent headway. Mr. Morse said that depositors representing hundreds of thousands of dollars had already availed themselves of his offer to pay the full amount of all claims. In regard to his plans for paying off the depositors of the New Amsterdam National Bank, and then taking over the assets of that institution, Mr. Morse said that he was not quite ready as yet to take the public into his confidence, but added that he expected to have some important announcements to make along that line in the near future. Asked concerning the activities of the Morse Securities Company, which was incorporated in Bath, Me., some time ago, to buy and sell stocks. bonds and other securities, Mr. Morse said he had nothing new to divulge just at present. Mr. Morse expressed himself as optimistic on the general financial situation. Asked how much further he thought the present rise in the stock and bond market was likely to go. he said: "The pendulum always swings too far, you know. Last fall it swung much too low. Now it may swing too far the other way." Mr. Morse seemed to be in better health and spirits than at any time since last October, when he resigned from all the banking institutions with which he was connected.

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To Take Public Into His Confidence, Morse Says. Will Soon Give Out Plans For Bank of North America. Optimistic as to Financial Situation -Health Is Good. New York, July 26.-Charles W. Morse, when seen yesterday in the National Bank of North America, where he had been in consultation with Charles A. Hanna, the receiver, said that his plan to pay off all the bank's depositors and then have the bank's assets turned over to the stockholders was making excellent headway. Mr. Morse said that depositors representing hundreds of thousands of dollars had already availed themselves of his offer to pay the full amount of all claims. In regard to his plans for paying off the depositors of the New Amsterdam National Bank. and then taking over the assets of that institution, Mr. Morse said that he was not quite ready as yet to take the public into his confidence, but added that he expected to have some important arnouncements to make along that line in the near future. Asked concerning the activities of the Morse Securities Co., which was incorporated in Bath, Me., some time ago, to buy and sell stocks, bonds and other securities, Mr. Morse said he had nothing new to divulge just at present. Mr. Morse expressed himself as optimistic on the general financial situation. Asked how much further he thought the present rise in the stock and bond market was likely to go, he said: "The pen.

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An additional dividend of 40 per cent to the depositors of the New Amsterdam National Bank, of New York city, was ordered today. Receiver Edwards informed the Comptroller of the Currency in a personal conference that the assets are amply sufficient to pay the remaining 10 per cent of indebtedness with interest at an early date.

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BANK CREDITORS GET 90 PER CENT OF CLAIMS Washington, Sept. 11.-Receiver Edwards of the New Amsterdam National Bank of New York. was in conference today with Comptroller of the Currency Murray and it was decided to at once draw checks to the creditors of the New Amsterdam National bank for an additional dividend of forty per cent. This payment makes a total of ninety per cent paid to the creditors in about seven months.

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CHAS

W. MORSE IS ON HIS FEET ONCE MORE AFTER FIGHT UNPARALLELED IN HISTORY, FORMER ICE AND STEAMSHIP KING WILL PAY HIS BANK DEPOSITORS. NEW YORK, Sept. 16.-Chas. W. Morse, former ice and steamship king, is on his feet again. Depositors in his two banks will be paid in full and there will be money left for the stockholders. The receivers, who have apparently bitterly antagonized Morse, give to him all the credit, and he modestly passes it on to a few loyal friends. They advanced money that enabled him to pay off depositors and protect his securities till the panic was over. So, to the amazement of Morgan and Rockefeller and the other owners of the resources of the American republic, the little wizard from Maine is up again. He is just a bit groggy, but is on his feet. Fight Without Parallel. His fight is without parallel in financial history. His winning the first battle is arranging for the paying off of every depositor in the National Bank of North America and the New Amsterdam National bank is only the opening of his great campaign to regain his former position as an industrial monarch. When Mr. Morse was caught in the crushers below Fulton-st. and was driven from his high position in the seats of the mighty, betting was 100 to 1 that he was exterminated. This big financier would meet that big financier and in mock sympathy remark, "Too bad about Morse, but he is done for." Then came the lull in the storm, and when the sun rose next morning these same big financiers were found to be counting-one a railroad that had washed into his port, another a great ore bed that had dropped from

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Texas saving bank, placed in receiver's hands. 18—John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21—Capital State Bank, Boise, Idaho, suspended. 22—Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25—National Bank of North America, New York, closed for liquidation, by order of government. 29—New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31—Oriental Bank of New York closed doors, following run. Feb. 13—W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26—International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27—Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13—John R. Walsh denied new trial; sentenced to five years in federal prison. 16—People's National bank, Aspin, Col., closed. Apr. 1—Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21—Bank of Wauseon, Wauseon, O., closed doors. 24—T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8—Euclid Avenue Trust Co., Cleveland, O., assigned. 14—Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28—G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 2—Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23—Citizens' bank, Dover, Ky., closed doors. Jul. 14—National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17—Farmers and Merchants' Banking Co., Cleveland, O., failed. Aug. 6—First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25—A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10—A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16—Union National bank, Sommerville, Pa., closed by government. Nov. 5—Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6—C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23—Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7—National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11—Springport, Mich., State Savings bank closed by bank examiner.

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Texas saving bank, placed in receiver's hands. 18—John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21—Capital State Bank, Boise, Idaho, suspended. 22—Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25—National Bank of North America, New York, closed for liquidation, by order of government. 29—New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31—Oriental Bank of New York closed doors, following run. Feb. 13—W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26—International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27—Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13—John R. Walsh denied new trial; sentenced to five years in federal prison. 16—People's National bank, Aspin, Col., closed. Apr. 1—Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21—Bank of Wauseon, Wauseon, O., closed doors. 24—T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8—Euclid Avenue Trust Co., Cleveland, O., assigned. 14—Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28—G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3—Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23—Citizens' bank, Dover, Ky., closed doors. Jul. 14—National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17—Farmers and Merchants' Banking Co., Cleveland, O., failed. Aug. 6—First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25—A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10—A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16—Union National bank, Sommerville, Pa., closed by government. Nov. 5—Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6—C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23—Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7—National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11—Springport, Mich., State Savings bank closed by bank examiner.

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Texas saving bank, placed in receiver's hands. 18—John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21—Capital State Bank, Boise, Idaho, suspended. 22—Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25—National Bank of North America, New York, closed for liquidation, by order of government. 29—New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31—Oriental Bank of New York closed doors, following run. Feb. 13—W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26—International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27—Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13—John R. Walsh denied new trial; sentenced to five years in federal prison. 16—People's National bank, Aspin, Col., closed. Apr. 1—Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21—Bank of Wauseon, Wauseon, O., closed doors. 24—T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8—Euclid Avenue Trust Co., Cleveland, O., assigned. 14—Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28—G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3—Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23—Citizens' bank, Dover, Ky., closed doors. Jul. 14—National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17—Farmers and Merchants' Banking Co., Cleveland, O., failed. 22—Standard Oil $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6—First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25—A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10—A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16—Union National bank, Sommerville, Pa., closed by government. Nov. 5—Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6—C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23—Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7—National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11—Springport, Mich., State Savings bank closed by bank examiner. 16—Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 22—Thomas F. Ryan announced retirement from finance. 26—Henry W. Poor, New York broker, assigned for creditors.