Financial upheaval shakes Wall Street amid bank failures
Newton reports a chaotic day as Mechanics Bank ing Association and Beebe & Co. suspend payments after officer defalcations totaling 70,000 dollars. Prentiss de Co. and Adams & Buckingham face failures while Erie R. I. Co. pays its interest. Burrato notes a heavy bank run subsiding after unrest.
MENTIONED IN THIS ARTICLE
Newton
Wall Street
Mechanics Banking Association
Beebe & Co
J. H. Prentiss de Co
Adams & Buckingham
Erie R. I. Co
Burrato
Hollister
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