Reserve Trust Company (Cleveland, OH)

Episode Information

Episode UID
4208044791301
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
420804479 hash
Start Date
May 14, 1908
Location
Cleveland, Ohio (41.499, -81.695)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e082bedb7becf718

Response Measures

None

Description

The bank failed following a run triggered by adverse news regarding related banks in Norwalk, Ohio.

Events (3)
1. May 14, 1908 Receivership
Newspaper Excerpt
The Superior Savings and Trust Co. was made assignee.
Source
newspapers
2. May 14, 1908 Run
Cause
Local Banks
Cause Details
Failure of two Norwalk, Ohio banks and related industrial concerns where a bank officer was previously a director.
Measures
Assigned assets to Superior Savings and Trust Co.
Newspaper Excerpt
Sudden demands for cash caused the Reserve Trust Co. to close its doors Thursday morning
Source
newspapers
3. May 14, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize on outstanding loans and sudden withdrawal demands.
Newspaper Excerpt
The Reserve Trust company made an assignment today to the Superior Savings & Trust company.
Source
newspapers

Newspaper Articles (21)
1. May 15, 1908 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, May 15, 1908

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Two Cleveland Banks Fail. Cleveland, May 15. - Sudden demands for cash caused the Reserve Trust Co. to close its doors Thursday morning, but positive assurances are given by its officers that the depositors will get every dollar and there will be something left for the stockholders. The Superior Savings and Trust Co. was made assignee. A short time later the papers were filed in insolvency court along with a statement of the assets and liabilities, which balance at $2,694,574. Thursday afternoon the American Savings bank suspended payment. It is said that the Cleveland Trust Co. will take charge of the American bank and the latter will resume business Friday.

2. May 15, 1908 The Detroit Times Detroit, MI
Article from The Detroit Times, May 15, 1908

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POCKET BANK SCHEME TO SAVE DEPOSITORS CLEVELAND, May 15.-(Spl.)-It is said that the Cleveland Plain Dealer, a morning paper, has offered to redeem all accounts that may be considered lost in the Cleveland Reserve Trust Co.'s suspension, by a "pocket bank" scheme which it is promulgating.

3. May 15, 1908 New-York Tribune New York, NY
Article from New-York Tribune, May 15, 1908

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TWO BANKS IN CLEVELAND CLOSE. Cleveland, May 14.-The Reserve Trust Company assigned to-day to the Superior Savings and Trust Company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have caused the failure. Officers of the bank say depositors will be paid in full. The capital and surplus of the bank are $30,000. Adam Graham is president and William N. Perrin secretary and treasurer. The latter was formerly & director in the Ohio Trust Company, of Norwalk, Ohio, which closed its doors in January last. The American Savings Bank closed its doors this afternoon, following a run of withdrawals. The capital of the bank is $50,000. It has deposits amounting to about $300,000. Its president is T. Epstein. The refusal of its Clearing House representative to clear for the concern to-day is said to have led to the closing of its doors.

4. May 15, 1908 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 15, 1908

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FAILURES AT CLEVELAND Reserve Trust Company Assigns and the American Savings Bank Closes Its Doors. Cleveland, O., May 14.-The Reserve Trust company made an assignment today to the Superior Savings & Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the company said depositors will be paid in full. The capital and surplus of the company is $300,000. Adam Graham is president and William T. Perrin secretary and treasurer. The latter was formerly a director in the Ohio Trust company of Norwalk, O., which closed its doors in January last. The American Savings bank, a small concern, closed its doors this afternoon following a run. It has deposits of $300,000.

5. May 15, 1908 The Sun New York, NY
Article from The Sun, May 15, 1908

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Two Cleveland Banks Closed. CLEVELAND, May 14.-Following the publication this morning of the failure of two Norwalk, Ohio, banks and of two industrial concerns of that city the Reserve Trust Company of this city this morning filed a deed of assignment. At 1:30 o'clook the American Savings Bank closed, following a run. The Reserve Trust liabilities are put at $2,700,000 and its assets at the same figure. Directors of the American are to-night discussing a plan to merge with another institution.

6. May 16, 1908 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, May 16, 1908

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CLEVELAND BANKS SUSPEND Reserve Trust Company Has Liabilities of $2,700,000 Cleveland, May 15.-The Reserve Trust company made an assignment yesterday to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The American Savings bank, a small concern, closed its doors this afternoon following a run of withdrawals. The capital is $50,000 and deposits amount to about $300,000. The refusal of its clearing house representative to clear for the concern today is said to have caused the closing.

7. May 16, 1908 The Detroit Times Detroit, MI
Article from The Detroit Times, May 16, 1908

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Article Text

POCKET BANK SCHEME TO SAVE DEPOSITORS CLEVELAND, May 15.-(Spi.)-It is said that the Cleveland Plain Dealer, a morning paper, has offered to redeem all accounts that may be considered lost in the Cleveland Reserve Trust Co.'s suspension, by a "pocket bank" scheme which it is promulgating.

8. May 20, 1908 New Ulm Review New Ulm, MN
Article from New Ulm Review, May 20, 1908

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LIABILITIES $2,700,000. Reserve Trust Company of Cleveland Makes Assignment. Cleveland, May 14.-The Reserve Trust company has made an assignment to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The American Savings bank, a small concern, closed its doors following a run of withdrawals. It was stated that an attempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened very soon. The capital of the bank is $50,000. It has deposits amounting to $300,000.

9. May 21, 1908 Courier Democrat Langdon, ND
Article from Courier Democrat, May 21, 1908

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LIABILITIES $2,700,000. Reserve Trust Company of Cleveland Makes Assignment. Cleveland, May 14.-The Reserve Trust company has made an assignment to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The American Savings bank, a small concern, closed its doors following a run of withdrawals. It was stated that an atlempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened very soon. The capital of the bank is $50,000. It has deposits amounting to $300,000.

10. May 22, 1908 Dakota Farmers' Leader Canton, SD
Article from Dakota Farmers' Leader, May 22, 1908

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BIG FAILURE IN CLEVELAND. Reserve Trust Company Makes. Assignment, Owing $3,000,000. Cleveland, O.: The Reserve Trust company made an assignment Thursday to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. The officers of the bank say the depositors will be paid in full. The capital and surplus of the bank is $300,000. Adam Graham is the president and William N. Perris secretary and treasurer. The latter was formerly a director of the Ohio Trust company, of Norwalk, O., which closed its doors in January last. The American Savings bank, a small concern, closed its doors Thursday afternoon, following a run. The deposits amount to $300,000.

11. May 22, 1908 The Lee County Journal Leesburg, GA
Article from The Lee County Journal, May 22, 1908

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LATE NEWS NOTES. General. It is announced that a new revenue division has been formed embracing South Carolina. Eastern Georgia and Florida with Revenue Agent E. W. Screven in charge with headquarters at Columbia, S. C. Notices of twenty-two contests have been received by the republican national committee in Chicago in adarrangements. vance of the sub-committee's report on According to reports compiled by the public service commission of New York there were in April 4,707 accidents upon the street railways, subjurisdiction. ways and elevated. roads within its Plans are under way for extension of the Alaskan service of the United States signal corps call for the installation of new wireless stations at Nome, Fort Gibson, Fort Egbert, Wrangel and Petersburg Cannery. A 2 1-2 per cent quarterly dividend has been declared by the directors of the Union Pacific. Also 1 1-2 per cent on Southern Pacific common and 3 1-2 per cent semi-annual Southern Pacific has been declared. Judge McCuenon, in the court at Kansas City, has appointed William Barton, a local business man, receiver for the Great Western Insurance company agency. Miss Raphilla Burgroff of Los Angeles, Cal., took thirty of her Sunday school pupils on a picnic. They ate castor shrub by mistake and she is dead and several of her pupils are expected to die. Americans in Mexico City are waging a campaign against the sale of liquor on July 4. It is the most unique campaign ever instituted in the city. An election will be held and a "wet" and "dry" ticket will be put out to decide the question. At Richmond, Va., claiming that the man had invaded his home, W. C. Butler, a special watchman for the Chesapeake and Ohio railway, shot and killed J. J. Hairfield, a carpenter. With liabilities of $2,700,000. the Reserve Trust company at Cleveland, O., failed to open its doors Friday. An assignment has been filed to the Superior Savings and Trust company. Three little children of Joseph Ottuse at Passaic, N. J,, were burned to death in a tenement fire. Mrs. Louise Paci. who lived in the same apartments jumped from a window and was badly hurt. Guy S. Stratton, a wealthy lumberman of Seattle, Wash., has been found guilty of murder in the second degree for killing a 5-year-old girl. The child was run down by Stratton's automobile. The Manila military authorities will surrender Beacham, the Stoleanberg murderer, to the civil authorities, who will put him on trial for murder. The Southern Baptist convention put itself squarely on record on the whisky question at Hot Springs, Monday morning. A resolution was adopted by a unanimous vote, calling on the government not to issue any more liquor permits for prohibition states. Professor J. H. Coyner, at one time president of colleges in Salt Lake City and Los Angeles, Cal., and who has lectured in all parts of the United States against Mormonism. died at Hopkinsville, Ky., Monday. He was 70 years old. Weshinuton

12. May 22, 1908 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, May 22, 1908

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LIABILITIES $2,700,000. Reserve Trust Company of Cleveland Makes Assignment. Cleveland, May 14.-The Reserve Trust company has made an assignment to the Superior Savings and Trust company. The liabilities of the concern are about $2,700,000. Inability to realize on outstanding loans is said to have precipitated the failure. Officers of the bank say depositors will be paid in full. The American Savings bank, a small concern, closed its doors following a run of withdrawals. It was stated that an attempt was being made to have one of the large financial institutions of the city tide the bank over its troubles and that it was hoped its doors could be reopened very soon. The capital of the bank is $50,000. It has deposits amounting to $300,000.

13. August 26, 1908 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, August 26, 1908

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Shortage Is About $250,000. Cleveland, Aug. 26.-The inventory and appraisal of the Reserve Trust Co.'s property was filed in insolvency court Tuesday by the Superior Savings & Trust Co., to which the Reserve assigned. The liabilities are given as $2,173,495; the assets, $1,921,565. The shortage foots up about $250,000. The Superior Savings & Trust Co. hopes to reduce it. The officers say the appraisal is quite low.

14. December 31, 1908 The Rich Hill Tribune Rich Hill, MO
Article from The Rich Hill Tribune, December 31, 1908

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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.

15. January 2, 1909 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, January 2, 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. 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.

16. January 7, 1909 The Hickman Courier Hickman, KY
Article from The Hickman Courier, 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 Mechanies 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-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 deetsion 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; 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,

17. 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

18. January 7, 1909 Marble Hill Press Marble Hill, MO
Article from Marble Hill 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. %-National Bank of North America. New York, closed for liquidation, by order of government. 29-New Amsterdam National bank. captal $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 S-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-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 declsion unanimously reversed by United States court of appeals at Chiengo. 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. 1-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.

19. 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.

20. January 8, 1909 Times-Promoter Hernando, MS
Article from Times-Promoter, January 8, 1909

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Tas, Tex., Targest 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-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. 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 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; 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 America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 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.

21. January 8, 1909 The Farmington Times Farmington, MO
Article from The Farmington Times, January 8, 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. 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. 23—Thomas F. Ryan announced retirement from finance. 26—Henry W. Poor, New York broker, assigned for creditors.