9390. National Exchange Bank (Springfield, MO)

View Charter #5082 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5082
Charter Number
5082
Start Date
December 7, 1908
Location
Springfield, Missouri (37.215, -93.298)

Metadata

Model
gpt-5-mini
Short Digest
4c4015d8417c63bb

Response Measures

None

Description

The National Exchange Bank (Springfield, MO) was closed on Dec 7, 1908 by order of the Comptroller / special examiner and a receiver (Frank O. Hicks) appointed. Comptroller's office cited insolvency from losses on loans and investments (bank-specific adverse information). The bank remained closed and was to be taken over by Merchants' National Bank / Security Trust company which will pay depositors — i.e., the original institution was suspended and effectively closed/taken over.

Events (5)
1. July 19, 1897 Chartered
Source
historical_nic
2. December 7, 1908 Receivership
Newspaper Excerpt
Frank O. Hicks was appointed receiver.
Source
newspapers
3. December 7, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by examiner/Comptroller due to insolvency principally from losses on loans and investments (per Comptroller's office).
Newspaper Excerpt
This bank has been closed by direction of the comptroller of the currency.
Source
newspapers
4. December 25, 1908 Other
Newspaper Excerpt
The Merchants' National bank ... will take over the suspended National Exchange bank and will pay depositors of the defunct institution dollar for dollar.
Source
newspapers
5. March 10, 1909 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (14)
1. December 7, 1908 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, December 7, 1908

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From Washington. [Correspondence of the Alexandria Gasette. The national capital will entertain this week more distinguished men from all over the country than it ever has be fore in its bistory. Besides having Con gress on its hands, Washington will be the scene of four great conventions having for their general object the im provement and conservation of the coun try's natural resources. The Nationa Conservation Commission will mee with the governors of the states and territories; state conservation commis sions, and conservation committees o national organizations tomorrow morn ing; the National Rivers and Harbor Congress will meet Wednesday to discus the improvement of the waterways 0 the country; the National Council 0 Commerce will meet Thursday to dea with important questions affecting the commerce of the nation at home and abroad, and today, the Southern Com mercial Congress, an organization to do for the south what the trans-Mississipp Commercial Congress has done for the west, is holding its first meeting. The first formal meeting of the joint conser vation conference will be held tomorrow afternoon with President-elect Taft as presiding officer. President Roosevel is to make the opening address, and Judge Taft will follow. The Smithsoniau Institution issued the following statement today, with reference to President Roosevelt's South African hunting trip: "Mr. Roosevel pays all the expenses of himself and hi son Kermit, in connection with the pro posed trip, including outfiting and transportation. The expenses of three naturalists sentout from the Smithson ian Institution, will be paid by funds provided for the purpose no part of which is derived from any government appropriation, or from the income of the Smithsonian fund. Mr. Roosevelt will not receive one penny o the fund, for his own or his son's use and expenses, on the contrary, he make a gift to the government of specimen worth many thousands, and possibly o & that cannot be expressed. H will get nothing from the government the governments's share will be limited this receiving the gift." An argument in favor of retaining the present tariff on phonographs and musical instruments was made to the way and means committee today by Geo W. Pound, of Buffalo, representio half a dozen large manufacturers. Th present tariff is 45 per cent. Henry Alexander, a New York brush manu facturer, asked that bristles now paying a duty of 7 1-2cts. a pound, be placed or the free list. The new democratic leader, Cham Clark, was one of the early arrivals or the floor of the House, before the open ing today, receiving congratulations ove his election to the head of the minority Sereno Payne, republican leader moved about among the members. Congress man Nicholss Longworth was very busy baking hands with friends. Col "Pete" Hepburn, the Iowa veteran was most mourned of the defeated mem bers. Speaker Cannon was given a big demonstration when be entered the ball The National Exchange Bank o Springfield, Mo., was closed today by rder of Special Bank Examiner E. F Rorebeck, and Frank o. Hicks was ap nointed receiver. Capital $100,000 Surplus $1,049,000. Represenative Sherman, of New York vice-president elect, announced today after a call on the president that a con ference bai been agreed upon between President-elect Taft and Speaker Cannot to be held in Washington this week The definite day and hour had not ye been fixed. Recommendations for the readjust ment of postmasters' salaries; a reclass iflection of fourth class postoffices; ex tension of annual leave of postoffice em ployees from 15 to 30 days; abolishmen of the present bonding system of posts employees and inauguration of the in demnity fund as in the Canadian servic are 8 few of the striking points in th annual report of first assistant post moster General C. P. Grandfield, made public today. Appropriations aggregating $824, 408,948.01, will be necessary for vari ious branches of the government servic during the coming fiscal year, according to estimates of the departmental head sent to Congress today by the secretary of the treasury. Christopher C. Walters has been ap pointed postmaster at West End, Fair fax county, Va., vice G. H. Upperman removed. President Roosevelt announced today that he would deliver an address on Lin coln's birthday, February 12, at th celebration to be held at the Lincoln farm in Kentucky. Albert B. Cummins, of Iowa, wh will tomorrow succeed the late Senato Allison, was an early arrival in th lobby of the Senate, where he met number of friends. The Chicago city pure food ordinanc providing for condemnation of food found to be deleterious to the publi health, was upheld as constitutional to day by the U. S Supreme Court. Representative Townsend, of Michi gan, formally announced that he wa not a candidate for the speakership 0 the Sixty-first Congress. According to an announcement made by Secretary Cortelyou today, there wer 831 bids made for the $80,000,000 issu of Parama bonds, aggregating all told $102 808 800, Of these, 150 were ac cepted, the prices ranging from $102,

2. December 7, 1908 Evening Journal Wilmington, DE
Article from Evening Journal, December 7, 1908

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Missouri Bank Closed. By United Press Leased Special Wire. WASHINGTON, Dec. 7.-The National Exchange Bank of Springleld, Mo., was closed today by order of Special Bank Examiner E. F. Rorebeck and Frank O. Hicks was appointed receiver, Capital $100,000; surplus $1,049,000.

3. December 8, 1908 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, December 8, 1908

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Cause of Suspension. Washington, Dec. 7.-It was stated at the office of the Comptroller of the Currency that the failure of the National Exchange Bank at Springfield, Mo., was due to the bank's insolvency caused principally by losses on loans and investments. In its report September 23, last, the bank had a surplus of $50,000 and deposits of $1,049,273. Rank Examiner Frank O. Hicks has been appointed receiver.

4. December 8, 1908 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 8, 1908

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BANK SUSPENSION Springfield, Mo., Dec. 7.-The National Exchange bank. one of the largest financial Institutions in Springfield, did not open its doors this morning. Notice that the bank had been closed by direction of the comptroller of the currency was posted on the doors.

5. December 15, 1908 Twice-A-Week Plain Dealer Cresco, IA
Article from Twice-A-Week Plain Dealer, December 15, 1908

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TWICE-A-WEEK PLAIN DEALER TUESDAY, DEC. 15, 1908 BY MEAD PUBLISHING CO. Off cial Paper of City and Con 11 BIG MISSOURI BANK SHUTS ASSETS EXCEED LIABILITIES AT SPRINGFIELD, MO. National Exchange Institution Closes Doors, But Not a Dollar will Be Lost, it 18 Said. Springfield, Mo., Dec. 8.-The Na. tional Exchange bank, one of the largest financial institutions in this city, did not open its doors Monday. The following notice was posted on the doors: "This bank has been closed by direction of the comptroller of the currency. "E. T. ROREBACK, "Examiner." The National Exchange bank has a capital of $100,000. "The assets of the bank exceed its liabilities and we will be able to pay every depositor in full as soon as we can realize on our holdings. Not at dollar will be lost to any of our patrons." This was the statement of Cashier Baldwin, made soon after the closing notice was posted Monday. The failure, although unexpected, caused no excitement among the depositors. Washington, Dec. 8.-It was-stated at the office of the comptroller of the currency that the failure of the National Exchange bank at Springfield, Mo., was due to the bank's insolvency caused principally by losses on loans and investments. In its report September 23 last the bank had a surplus of $50,000 and deposits of $1,049,273. Bank Examiner Frank O. Hicks has been appointed receiver.

6. December 16, 1908 Willmar Tribune Willmar, MN
Article from Willmar Tribune, December 16, 1908

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The State bank of Maize, Kan., was entered by burglars, who dynamited the safe, securing $6,000. Miss Helen Chaffee, daughter of Lieut. Gen. and Mrs. Adna R. Chaffee, was wedded at Los Angeles to Lieut. John Hastings Howard, U. S. A. The government decided that the withdrawal of troops from Cuba shall be gradual, running into April. Capt. James Watters of the British steamer Hornby Castle, which has arrived at Norfolk, Va., says the vast tract of still water in the Atlantic known as the Sargossa sea has disappeared. Congress gave up the day to hearing President Roosevelt's message. Sir Wilfrid Laurier, premier of Canada, was shaken up by the ditching of his train on the Great Northern at St. Vincent, Minn. An unknown person in Chicago sent 12 $1,000 bills to the government conscience fund. The United States cruiser Yankee, just released from Spindle Rock at Buzzards Bay, sank near Peinkezee island, her crew of 150 men being saved. The receivers of the Westinghouse Electric & Manufacturing Company and the Securities Investment Company were discharged in the United States circuit court at Pittsburg, Pa. The United States cruiser Yankee, which had been aground in Buzzards bay for ten weeks, has been floated. The Round Mountain Banking corporation of Round Mountain, Nev., closed its doors because of bad loans. Malvern Hill, the historic colonial residence 17 miles below Richmond on James river, belonging to William H. Hall of New York, was completely destroyed by fire. Francisco Martinez abducted Mag. gie Garcia, 16 years old, after killing her parents in Las Animas county, Colorado. Being pursued by officers, he slew the girl and himself. The auxiliary cruiser Panther, preceding the Atlantic fleet, arrived at Colombo, Ceylon. The celebration of the tercentenary of John Milton's birth was begun by a gathering of eminent men in the theater of the British Academy in London. City councils of Anaconda and Missoula, Mont., protested against prospected interference in the Anaconda copper plants by the government because the fumes killed vegetation. Harold Burns, for whom the police have sought for two years on a charge of promoting a million-dollar business directory swindle in northern Illinois cities, was captured in Chicago. Three masked men held up the East Side bank of Portland, Ore., secured $16,500 and escaped. Adolph Schultze of Schnectady, N. Y., shot and killed one of a crowd of boys who were snowballing him. The case of Mrs. Florence Maybrick and her mother, Baroness von Roque of New York, involving title to land said to be worth about $2,500,000, was decided in their favor in the chancery court at Richmond, Va. Both houses of congress convened for the second session of the Sixtieth congress. Little was done the first day. except the swearing in of Senators Cummins and Page and of seven new representatives. Mrs. Emma Russell Chesebrough, wife of a noted yacht designer, committed suicide at her home in Bristol, R.I. Eleven soldiers were killed and 26 other injured by an explosion in the magazine at the Calcutta military station. Wreckage which has come ashore at Cape Ray leaves little room for doubt that the sturdy little steamer Soo City, which for 20 years plied as an excursion vessel on the Great Lakes, went down with her crew in the midst of the gale that lashed the Newfoundland coast for two days. She was on her way to the Gulf of Mexico and carried a crew of 28 men. Mrs. Abbie Rice completed her testimony in the Davis trial at Omaha by relating the extraordinary agreement which she says Dr. Rustin made with Davis, whereby Davis was to kill the physician in return for poison with which to commit suicide. President Roosevelt pressed a button that gave the signal for the opening of a national apple show in Spokane, Wash. Excitement incident to closing the National Exchange bank at Springfield, Mo., was aggravated when W. O. Oldham, cashier of the State Savings bank, tried to shoot H. B. McDaniel, president of the Union National bank. He fired one shot but missed. Thomas F. Gilroy, Jr., receiver of the Fidelity Funding Company of New York, which went into bankruptcy on October 28 last, announced that stockholders and creditors of that corporation would lose

7. December 25, 1908 The Farmington Times Farmington, MO
Article from The Farmington Times, December 25, 1908

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Will Take Over Failed Bank. Springfield.-The Merchants' Nation al bank, with a capital stock of $200,000, paid up, and with a holding company having a paid-up capital of $100.000 and to be known as the Security Trust company of Springfield, was organized here. The new bank will take over the suspended National Exchange bank as soon as governmental sanction to the transfer is obtained and will pay depositors of the defunct institution dollar for dollar.

8. January 7, 1909 The Hayti Herald Hayti, MO
Article from The Hayti Herald, January 7, 1909

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TODO ICAN 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. 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. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 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. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euelid 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-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadel. phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Clilcago. 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. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty : of misapplication of funds and falsifying books of National Bank of AmerI Ica, New York. I 6=C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. Dec. 7-National exchange bank at 1 Springfield, Mo. closed; excitement , caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union Na. . tional bank. 11-Springport, Mich., State Savings bank 1 closed by bank examiner. 16-Somersworth, N. H., First National 9 bank closed, following discovery of shortage of $85,000. 1 23-Thomas F. Ryan announced retirement from finance. : 26-Henry W. Poor, New York broker, assigned for creditors. a

9. January 7, 1909 The Spanish Fork Press Spanish Fork, UT
Article from The Spanish Fork Press, January 7, 1909

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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. e 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 1 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. r Jul. 14-National Deposit bank, Philadeln phia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $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 it 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. di Oct. 16-Union National bank, Sommer11 ville, Pa., closed by government. 1Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifyd ing books of National Bank of America, New York. s' 6-C. W. Morse sentenced to 15 years Curtis given liberty on suspended sentence. in 23-Eldred bank of Eldred. Pa., suspended: capital stock, $100,000. ed Dec. 7-National exchange bank a Springfield, Mo., closed: excitement y caused by effort of W. O. Oldham cashier of State Savings bank, to shoo te President H. B. McDaniel, of Union Na tional bank. ed 11-Springport, Mich., State Savings bank n. closed by bank examiner. c16-Somersworth. N. H., First Nationa bank closed. following discovery o eshortage of $85,000. as 23-Thomas F. Ryan announced retire ment from finance. e26-Henry W. Poor, New York broker, as th signed for creditors.

10. January 7, 1909 Gilpin Observer Central City, CO
Article from Gilpin Observer, January 7, 1909

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FINANCIAL $ $ Jan. 2-State Bank, Rockyford, Col., closed doors. Ka 6-Four big New York diamond firms forced into trustee's hands: liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of D. receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex. largest 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. -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-Kosclusko 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 on $29,240,000 fine declsion 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. a 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. -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. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

11. January 8, 1909 Washington Telegraph Washington, AR
Article from Washington Telegraph, January 8, 1909

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o tional bank and se railroads, convicted of msapprop aring institution's f funds. 22-Traders and Mechanics' Bank, Pittsburg, Pa. closed doors. t 25-NationalBank 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. Feb. of 13-W. B. Ridgely, comptroller currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 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. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 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. 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. 5-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. ep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. OV. 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. -C. W. Morse sentenced to 15 years; Curtis given liberty on suspended senlence. ec. 7-National exchange bank at Springfield, Mo., closed; excitement aused by effort of W. O. Oldham, ashier of State Savings bank, to shoot President H. B. McDaniel, of Union Nadonal bank. Springport, Mich., State Savings bank losed by bank examiner. Somersworth, N. H., First National ank closed, following discovery of hortage of $85,000. Thomas F. Ryan announced retire2 ent from finance. Henry W. Poor, New York broker, as2 gned for creditors.

12. January 8, 1909 The State Herald Holyoke, CO
Article from The State Herald, January 8, 1909

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-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. -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, falled: liabilities. $1,800,000. Jun. 3-Kosclusko 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. 7-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard OIL $29,240,000 fine deelsion unanimously reversed by United States court of appeals at Chieago. 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: lia© bilities 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. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of Amerlea. 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. 23-Thomas F Ryan announced retirement from finance 26-Henry W. Poor. New York broker. assigned for creditors

13. January 8, 1909 The Chanute Times Chanute, KS
Article from The Chanute Times, January 8, 1909

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FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex., largest 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, Jun. $1,800,000. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed Jul. doors. -National Deposit bank, Philadelphia, Pa., closed by comptroller of cur17-Farmers rency. and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine dectsion unanimously reversed by United States court of appeals at ChiAug. engo. 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 Oct. hands. 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 sen23-Eldred tence. 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. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.

14. January 13, 1909 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, January 13, 1909

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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 tr:al; 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 on $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. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.