Busted Banks Startled Cities Across the Midwest
May 12 reports detail the Capital National Bank in Indianapolis suspending payments after a run tied to its Chicago partner Chemical National Bank. The Columbian National Bank of Chicago also failed, with withdrawals depleting cash and prompting suspensions. Other banks like Bank of Commerce and regional creditors faced strain or closures. Sixty to eighty-year-old securities and deposits formed a volatile backdrop as banks reeled from interconnected failures.
MENTIONED IN THIS ARTICLE
Columbian National
Chicago
Capital National of
Indianapolis
Sioux City
Capital | National Bank
Ospital
Clearing House Association
Bank of Commerce
Depauws
Capital Bank
Chemical National Bank of Chicago
Capital National Bank
Vincennes, Sullivan and Gas City
Wilson
Doherty
Clearing House
San Jose
Cal
Bank of Santa Clara
Hayward
Santa Clara
Columbian National Bank
Sioux Cty Company
Columbian National Bank of Chicago
W. M. Thompson
Washington
Eckels
D. A. Cook
Illinois
City of
Hugh Young
Western Pennsylvania
Reagin
Pittsburg
Chemical National Bank
Currey
Bey
Rey Dollar
Sturgiss
Supreme Court Decides Bank Overnote Case
Washington May 12 a Supreme Court ruling centers on a 15 000 note secured by a mortgage on St Louis Dispatch property and Western Associated Press membership. The decision cites laches by the bank and questions the mortgage scope over the press franchise while noting potential membership pledge issues.
MENTIONED IN THIS ARTICLE
Supreme Court
Washington
St. Louis Dispatch Company
Western Associated Press
Metropolitan National Bank
Fest
Dispatch
The
Post-Dispatch
Dispatch Publishing
Dispatch Company
Circuit Court
Sioux City Failures Revealed by Asset Assessments
Assignee Hubbard files asset estimates for three April assignments in Sioux City Illinois. Union Loan and Trust assets at 1,851,574 with 7,000,000 liabilities. D T Hedges assets 3,085,728 liabilities 1,022,000. Hedges Trust assets 3,016, liabilities 750,000.
MENTIONED IN THIS ARTICLE
Sioux City
Hubbard
Union Loan and Trust Company
Hedges Trust Company
D. T. Hedges
Hedges
Tiis
Comain
Wreck on the Santa Fe Near Pinon Station
A disastrous Santa Fe freight wreck near Pinon Station below Colorado Springs left two trains demolished while racing a Rio Grande train. No injuries as crews jumped to safety. Heavy financial losses reported.
MENTIONED IN THIS ARTICLE
Santa Fe
Denver
Pinon Station
Colorado Springs
Scotch-Irish Society
Spasion
SprivGrup
Scotch- Irish
Ban Angelo
Tex
A. F. Harrell
Gulf, Colorado
Plans For Changing Representation In Future National Conventions
The Republican national committee debated altering representation at the next convention, proposing four delegates at large and one per 7,000 votes, a move that would disfranchise parts of the South. Debate featured Potter of Rhode Island and Hepburn of Ohio for the plan, and Clayton of Arkansas and Kentucky’s Bradley against it. Action postponed to gauge sentiment nationwide. Joseph H. Manley named permanent secretary. Mrs. Mary E. Lease discussed the Women’s Republican club’s growing role. Denver earned the next meeting site.
MENTIONED IN THIS ARTICLE
Louisvile
Republican National Committee
South
Potter
Rhode Island
Hepburn
Ohio
Powell Clayton
Arkansas
Bradley
Kentucky
M. H. de Young
Campbell
Carter
National Committee
Joseph H. Manley
Maine
J. Ellen Foster
Iowa
Women’s
Republican Club
Denver
Milwaukee
Omaha
Minnesota State Elevator Fight Faces Legal Setback
Read as a report of a Minnesota legislative program for a $250,000 state farmer's elevator. Attorney General Childs holds that the elevator must be self-financed. The Alliance and Ignatius Donnelly pledge to press for an extra legislative session and denounce the venture as a wheat ring ploy.
MENTIONED IN THIS ARTICLE
Minnesota
Flenee
Br. Paun
Alliance
Childs
Ignatius Donnelly
Nelson
Donnelly
Ring
Reorganization of Sioux City Packing Company Reflects Failures
Sioux City Packing and Provision company reorganized after losing a $50,000 deposit with Union Loan and Trust. New owners include Anderson Fowler and Henry Stobo of Anglo American Packing Chicago. Passengers report an earthquake shock felt at Carthage and other South Dakota points around 6 am with dense fog afterward.
MENTIONED IN THIS ARTICLE
Sioux City
Sioux City Packing and Provision Company
Union Loan and Trust Company
Anderson Fowler
Henry Stobo
Anglo- American Packing Company
Chicago
St. Pau
Carthage
South Dakota
Also Mentioned on This Page
Wilmington
Del
KR. R. Robinson & Co
Treasury
Treasury Department
RK. F. Crowell
Minesota
N. A. Robbins
R. F. Hobb
Maryland
Comptroller’s
George N. West
C. M. Shinn
West Virginia
Internal Revenue Office
Wassinatoy
Lotan
Portland
Carlisle
China
United States
Port
Nicaragua
United States Ship Alliance
San Francisco
Corintha
Atlanta
Greytown
Nicaragua Canal
State Department
Fairchild
New York Custom House
Olney
5. M. Walker
Martinsburg
W. Va
Brooklyn
Boston
Haddock
Kennedy
Nichols and Bennett
Baltimore
McMahon
Stovey
Robinson
Meekin
Farrell
New York
Phildalphig
King
Rosie
Saylor
Weyhing
Cross
Louisville
Killen
Mack
Stratton
Grim
Amens
M. Sotioropoulos
M. Comoundeouros
Edwin Booth
Players’ Club
Rome
Rocnestrr
N.Y
Grand View Beach
Will Watt
Lease
Topeka
Mary E. Lease
State Board of Charities
Soldiers’ Orphans’ Home
Fulkner
Battlefeld
Leans
Faverre
James Smith
Wallace Brooks
Indian Territory
Young Smith
Farmers and Merchants’ Bank
Young Brooks
Sedalia
James B. Brooks
Ill
Railroad and Warehouse Commissioners
Chicago Implement and Vehicle Club
Grover
Catholic Knights of America
Father Oosing
Cincinnati
O'Brien
Waterloo
Fan
Hornsys
Paper Trust
Kanexs
Lewelling
Little
Kansas
Saline Paper Mill
Trust
Saline Company
Combine
Toledo
the Order of Railway Conductors
Beeston
Clark
Grand Haven
Mich
Spring Lake
Barrett
Buainens
Inpiaxna Pouis
Young Men’s Christian Association
Selden P. Spencer
St. Louis
J. H. McCurdy
Castorin
Pitcher’s Castoria
Dean’s
King Cactus Oil
Ris
Dean
J. Hooxms
Cuba City
Wis
W.L. Douglas
W. L. Douglas
Cencrad Macdigeat
Aiation OgUe
Douglas
Masa
Orrisitensanw Br. Mercantile Co
Wilkes
Sabin
Counselgift
Collins Barn
Atlantic
Counsellor
Onward
Julia
Nellie
Fairy Gift
Co. T. Sabin
Cousins Haven
Atlantic, Iowa
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