Merchants' Trust Company Closed Amid Hudson Valley Securities Woes
The Merchants' Trust company of Albany has closed by order of the state banking superintendent due to insolvency from loans secured by Hudson Valley Railway securities. The bank held a $500,000 capital and $2.0 million in depositor claims, with $4 million in trustee securities for the railway. Receivers Douglass Robinson and New York Trust Company appointed. bond set at $500,000.
MENTIONED IN THIS ARTICLE
New York
the Merchants’ Trust Company
F. D. Kilburn State Superintendent of Banks
Notiet
Hudson Valley Railway Company
Samuel Untermeyer
Jacob L. Phillips
Merchants’ Trust Company
Phillips
MA Phillips
Trust Company
Cassius M. Wicker
Frank P. Davis
Jacob C. Coyne
John P. Munn
Gould
State Banking Department
Albany
Troy
Saratoga
Lake George
Edward Hawley
Mayer
Justice Cochran
Supreme Court
Douglass Robinson
New York Trust Company
Robinson
Gold Field Bank Failure Reveals Sparse Assets
Gold Field Bank and Trust Co of Gold Field Nevada failed with liabilities of 78,227 and discovered assets of about 4,821. President J B Young also led the Gold Field Investment Co. Checks drawn on John Cook Bank by W R Hale were paid despite no funds, signaling disorganized affairs. Mississippi cotton sale brings state treasury funds. Guthrie gets a new plant as Oakhill foundry and machine shops relocate.
MENTIONED IN THIS ARTICLE
Gold Field Bank and Trust Company
Gold Field
Nev
J. B. Young
Gold
Tragic Shootout as Sheriff Deputy Killed in Kentucky
In Owensboro Kentucky on May 23 a deranged black man Shaw shot and killed Deputy Sheriff W C Brown and wounded seven others while holed up in his home. A posse stormed the house and after it was set on fire Shaw fled only to be shot dead as he tried to escape amid a hail of bullets.
MENTIONED IN THIS ARTICLE
Owensboro
Shaw
W. C. Brown
Waitman
Watson
Jackson
G. H. Plitt
Prospects of settlement in Chicago strike improve
After a three hour meeting, Teamsters union and employers in Chicago reported excellent settlement prospects and expected end within forty eight hours. The main hurdle remained the express companies’ refusal to rehire any striking drivers, though they claimed no blacklist and would consider drivers who move to other firms if vacancies exist.
MENTIONED IN THIS ARTICLE
Chicago
Teamsters’ Union
Express Companies
Express
Multiple Disasters Mark May 23 Pages Across Cities
Reports from Ardmore and Columbus describe court actions and a fatal boiler explosion. In Ardmore Judge Townsend presided over the Federal court grand jury, condemning liquor law violators and pistol carriers amid Indian Territory crimes. In Columbus a boiler exploded near the Hocking Valley roundhouse, killing six workers and damaging nearby engines. London reports plague in India with cumulative deaths nearing three quarters of a million. New York recounts a high elevation train crash on the Third Avenue line injuring twenty and sparing a wider catastrophe due to strict crowd control.
MENTIONED IN THIS ARTICLE
Ardmore
Townsend
Indian Territory
Columbus, O
Hocking Valley Railroad
London
India
Brodrick
House of Commons
New York
Third Avenue
Thirty-third Street
Alexander Avenue
Juror Stabbed in Anadarko Cutting Affray
In Anadarko Oklahoma on May 23 a cutting affray left one juror stabbed in the face and arm by unknown assailants. The full particulars could not be obtained.
MENTIONED IN THIS ARTICLE
Anadarko, Okla
Also Mentioned on This Page
Batavia
Howell Bros
Sellers
M. H. James
Ory
PEPSI
Reur K
City Drug Store
Stevenson Machine
Bryan
Franklin
Oliver
Geo. A. Adams
Parker Building
Doors of Merchants’ Trust Company
New York City
Hudson Valley Railway
Mississippi
Guthrie
Oakhill
Dreds
Crazy Man
BY Townsend
E. P. Jolly
Grand Opera House
John Wittman
E. J. Jenkins
Buchanan
Ss. W. Buchanan
Bryan Steam Laundry
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