Chicago Bank Panic Averted by Clearinghouse Plan
Chicago bankers met to decide on plans for the Chicago National Bank and related institutions. Marshall Field and partners urged deposit guarantees to avoid a receiver, enabling associated banks to back equity at three Walsh institutions. The move stabilized the city’s banking system and earned praise for Field and Eckels. Other notes criticize a national examiner and reflect on city politics and public safety.
MENTIONED IN THIS ARTICLE
Chicago
Chicago National Bank
Marshall Field
Merchants’ Loan and Trust Company
James H. Eckels
Commercial National Bank
Orson Smith
Merchants’ Loan and Trust
John V. Clarke
The
Hibernian
Ernest A. Hamill
Corn Exchange
Walsh
Mr. Field
Field
Als
Pield
Hibernian Banking Association
Fort Dearborn National Bank
State Bank of Chicago
Corn Exchange National Bank
Graham & Sons’ Bank
Union Trust Company Bank
National Bank of the Republic
Drovers’ National Bank
Bank of America
Continental National Bank
Merchants’ Loan & Trust Company Bank
Chicago civic issues mix in Hamilton Club politics and graft talk
The piece surveys City Hall graft accusations since Harrison’s era and questions civil service fairness in Chicago. It highlights actors like Edward Diederich and James Barsaloux, praises Andrew M. Lawrence, and notes reappointments in the County Board and Sanitary District, framing municipal governance as contested and fraught with patronage.
MENTIONED IN THIS ARTICLE
Harrison
Civil Service Administration
Chicago
Financial panic era leaders praised in Chicago notes
The passage honors James H. Eckels James B. Forgan Orson Smith and Ernest A. Hamill as respected figures in Chicago and the West. It lauds Henry L. Henschen assistant cashier State Bank of Chicago and Abner Smith Bank of America president as esteemed and reliable in finance and law.
MENTIONED IN THIS ARTICLE
James H. Eckels
James B. Forgan
Orson Smith
Ernest A. Hamill
Chicago
West
Abner Smith
Bank of America
Abner Smith Praised as Bank Leader and Citizen
Fred A. Busse has been appointed postmaster of Chicago. He will serve the city with diligence and deliver satisfaction in the demanding role.
MENTIONED IN THIS ARTICLE
Fred A. Busse
Chicago
Mr. Busse
Tunnels to be lowered or abolished to aid Chicago commerce
The piece argues the river tunnels must be lowered or abolished soon to stop harm to Chicago commerce and business interests. It lauds Fred F. Coyne for leaving public office with an unblemished record and entering prosperous private enterprise, trusted to continue success.
MENTIONED IN THIS ARTICLE
Chicago
Fred FE. Coyne
Tie
Jacksonville cabal loses grip on Illinois politics
The Jacksonville cabal led by Millard F. Dunlap Owen P. Thompson and Henry T. Rainey appears to be collapsing as the true democracy of Illinois reasserts itself. Opponents include William Randolph Hearst followers and a broad public, with party leaders predicting the cabal will fade and Democratic aims shift to honest reform. The Chicago charter convention is postponed pending court action while Mayor Dunne faces criticism from Oliver W Stewart amid saloon debates.
MENTIONED IN THIS ARTICLE
Jacksonville
Illinois
William Jennings Bryan
Ilinois
William Randolph Hearst
Jacksonville Canal
Tlinois
Bryan
Jacksonville Cabal
Cabal
Illiois
Owen P. Thompson
Millard F. Dunlap
Rainey
Supreme Court
Committee On Organization
Carter
Dunne
Oliver W. Stewart
Stewart
State Bank of Chicago Leaders Crowns Noted Chicago Figures
The article highlights the State Bank of Chicago as a leading financial institution housed in the Chamber of Commerce with a directors list featuring prominent Chicago capitalists such as David N. Parker Calvin Durand John I. Dwight Theodore Freeman John R. Lindgren Thomas Murdoch William A. Peterson George F. E. Richards and Moses J. Wentworth. Officers HW A Haugan president John T. Dwight vice president John R. Lindgren cashier Frank T. Mackard assistant cashier Henry S. Henschen assistant cashier Henry A. Taugan assistant cashier Samuel J. Knecht secretary and William C. Miller assistant secretary. The bank boasts extensive capital twenty five years of operation and full supervision under Illinois law, presenting itself as sound reliable and well-regarded.
MENTIONED IN THIS ARTICLE
State Bank of Chicago
Chamber of Commerce
Chicago
Lst
David N. Parker
Jones & Laughlin Steel Company
Calvin Durand
Durand & Kasper Company
John I. Dwight
Theodore Freeman
John R. Lindgren
Thomas Murdoch
Reid, Murdoch & Co
William A. Peterson
George FE. Richards
Moses J. Wentworth
HW. A. Haugan
John Tf. Dwight
Vce
Frank T. Mackard
Henry 8. Henschen
Henry A. Taugan
Samuel J. Knecht
William C. Miller
Ing
Illinois
Also Mentioned on This Page
Rock of Gibraltar
National Bank
Danne
Minnegan
Col
John F. Finerty
John Minnegan
Eckela
Bassett
John Jay Abbott
Financial World
the Civil Service Board
Richard J. Finn
Civil Service Comission
Finn
Harry R. Ciphons
Hamilton Club
Edward Diederich
Mr. Lahift
Cy Council
George M. Boyd
Zina KR. Carter
Drainage Board
Wii
Theodore Nelson
Jefferson Lunch League
Milley Duliup
Towtey Thompson
Hank Rainey
Ted Nelson
Board of Local Improvements
Edward J. Brondage
James O'Shaughnessy
Hearst Newspapers
James G. Barsaloux
Woodlawn
Barsaloux
Darsialoux
Wood
Dim
Denven
Yites
United States
Andrew M. Lawrence
Willian BR. Hearst
Maneral Murry
Hearst
Mr. Lawrence
Colonel Finerty
Willard MM. McEwen
Cook County
Edward J. Brundage
William McLaren
Chas
J. Happel
Dunning
V. H. Podstata
Harry A. Lewis
John W. Belmont
H. T. Davis
O. W. Nash
Harris W. Duehl
Elton Lower
County Civil Service Commission
Charles L. Hutchinson
Bank of American
Bank Clearing House Committee
John W. Clarke
Henry L. Henschen
Dunlap
Thompson, Rainey
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