Fall of Walsh Institutions Sparks New Bank Pact
Chicago financial leaders form a pledge to pay every depositor in full after the crash of John K. Walsh’s three banks. A new organization led by C. H. Bosworth and directors including J. Mitchell, E. Hamill, J. Eckels and J. B. Morgan takes charge, with Walsh properties eyed by bidding syndicates for coal and railroad assets.
MENTIONED IN THIS ARTICLE
Chicago
John KR. Walsh
Chicago National Bank
The
Home Savings Bank
Equitable Trust Company
United Banks
C. H. Bosworth
John J. Mitchell
Ernest A. Hamill
James H. Eckels
J. B. Morgan
Walsh
T. M. Jackson
Chicago National
Bosworth
Long
Chicago Banks Save City From Immiinent Panic
Banks in Chicago acted decisively to avert a feared run during suspensions. Comptroller Eckels praised the clearing house and allied banks for ensuring depositors would be paid in full. Analysts attribute the crisis to conflicts over rail bonds and misvaluations, with a noted clash between Walsh and authorities over bond values and bank examinations. Local financiers blame Walsh’s disputes with Indiana railroads and coal interests for the financial strain.
MENTIONED IN THIS ARTICLE
Chicago
Eckels
Walsh
Southern Indiana Ailroad Company
Chicago Clearing House Committee
National Bank
Chicago National Funds
Savings Bank
Inchana
Bedford
India
Macon
Walah
Burg
Walsh and banker ties linked to Indiana quarry rail plan
A long report outlines Walsh’s financial network with Chicago National Bank and Home Savings, detailing loans to Bedford Quarries Indiana and Southern Indiana Railroad, and a failed bid for Chicago access. It notes bank deposits, politics, and fears of a collapse without aid as Ridgely steps in for investigation.
MENTIONED IN THIS ARTICLE
Walsh
Chicago National Bank
Home Savings Bank
Equitable Trust Company
Bedford Quarries Company
Indiana
Southern Indiana Railroad Company
Monon
Walsh i 3
Akron Gas Company
Akron
Thinofs Southern Railway Company
Rand McNally Company
Southern Indiana Express Company
Southern Indiana
Ridgely
Chicago
Bedford National Bank in wake of suspensions shocks local stockholders
Bedford Indiana December 19 a near panic followed the suspension news of Chicago National Bank Home Savings Bank and Equitable Trust affecting John R Walsh who holds 60 percent of Bedford National Bank stock as president. A stockholders meeting and a directors meeting of Citizens National bank were called to prepare aid if needed. Small depositors faced the run while Walsh’s enterprises in the area including Bedford Quarries sawmills and regional railroad shops mobilized workers. Walsh also operates in Oolitic with many workers.
MENTIONED IN THIS ARTICLE
Bedford
Ind
Chicago National Bank
Home Savings Bank
Equitable Trust Company
John R. Walsh
Bedford National Bank
Walsh
Brooks
Walah
Oolitic
Civil War Turmoil in Livonia and Courland
Russian workers council proclaims civil war against the government, calling for revolutionary action as insurgents seize southern Livonia and much of Courland. Reports describe battles near Dorpat and Riga, with dragoons overwhelmed and German families captured amid widespread devastation.
Father Gapon for Peace and Proletariat Strain
The article notes doubt over a general strike as Russia faces government repression. Proletariat unrest hinges on provincial replies and railroad workers' central committee in Moscow. Workers show sentiment shift while government warns of inability to protect strike leaders amid Rostov mob violence against railroad delegates.
MENTIONED IN THIS ARTICLE
Moscow
Father Gapon
Rostoff-on-Don
Military force fails in Courland fighting Ians
Dec 10 dispatch from Mitan province describes the Rebel District military weakness with two defeats. Courland forces retreat from countryside to Ign Mitan and Libau, now on the defensive and unable to strike back at insurgents. Garrison at Tukum area, including a squadron, is noted.
MENTIONED IN THIS ARTICLE
Mitan
Courland
Ign
Libau
Tukum
Government claims no alternative to regime line
The government announces to the Associated Press that it sought a peaceful transition but faced unified opposition from constitutionalists and socialists who urged armed rebellion. It says order is essential to hold elections and avoid ruin, while acknowledging a dilemma between preserving order and perceptions of expediency amid a mutiny crackdown. Cronstadt mutineers acquitted. nine others sentenced. Warsaw strike persists with Moscow central committee directive pending. Dutch convoy ambushed in Aceh Sumatra. twelve Dutch soldiers killed, eight wounded. six Acehnese killed.
MENTIONED IN THIS ARTICLE
St. Petersburg
Associated Press
Ehough
Douma
Cronstadt
Russia
Cronstadt Artillery
Sumatra
Hague
Pensangan
Achin
Suematra
Achinese
Reclamation plans seek 1.8 million acres at 37 million cost
Government projects aim to reclaim 1,803,000 acres of arid land at a total cost of 37,028,571 dollars. Immigrant entry is discussed as officials note temporary delays and shifts in policy. Robert G. Pearce is nominated to continue as Rock Island customs surveyor. Archbishop Quigley’s mother Mary Lucey Quigley dies in Rochester at age 73. Cleveland Worsted Mills increases wages for 1,000 workers by 10 percent.
MENTIONED IN THIS ARTICLE
Maurice Pishberg
New York
Europe
United States
Robert G. Pearce
Senate
Rock Island
McCall
New York Life Insurance Company
Mary Lucey Quigley
Janes E. Quigley
Chicago
Rochester
Cleveland (D
Landis Attacks Insurance Giants in Fiery House Speech
Representative Fred Landis of Indiana denounced major insurers and executives including Perkins Pierpont Morgan in a heated maiden speech. He proposed a bill federalizing insurance in DC and territories to curb abuses, with strong attacks on industry figures and calls for reform.
MENTIONED IN THIS ARTICLE
Indiana
Phippic
Washington
Fred Landis
District of Columbia
Territories
Perkins
Insurance Corporation
J.P. Morgan & Co
Lnter
Morgan & Co
Landis
Mr. Hyde
France
John Paul Jones
Republic
Pierpont Morgan
Harriman, Kuhn, Loeb & Co
The
McCurdys
McCalls
Perkinses
International
Chicago Markets Spread Across Grains and Livestock
Chicago Board of Trade quotes show mixed grain movement with wheat and corn fluctuations and soybeans stable. Cattle and hog markets firm with prime beef and western lambs in steady demand. receipts around 50,000 for the day and regional commission traces in East Buffalo and East Buffalo markets.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Dee
Averag
East Baitilo
East Luffato
N. Y
Dunning & Stevens
Live Stock Commission
East Buffalo
Dynamite blast at Waldorf site kills three
Special to the Tribune from New York reports three men killed and more than a dozen injured in a dynamite explosion during excavation opposite the Waldorf Astoria. workers recentered to re drill a partially drilled hole where sticks of dynamite had been left. fragments scattered over 250 feet.
MENTIONED IN THIS ARTICLE
Trisune
New York
Waldorf-Astoria Hotel
Wisconsin Governor Resigns From Office
Wisconsin Governor La Follette resigns as governor and forwards the resignation to the Legislature. The action seals his term with an effective date on the first Monday in January, signaling a shift in state leadership.
MENTIONED IN THIS ARTICLE
Madison
Wis
la Follette
Wisconsin
Lost Mr. Rockeller’s Order Decorator and the oil magnate
A New York decorator recalls visiting John D Rockefeller at his Tarrytown home to discuss interior changes. He describes lunch, whisky in his coat, and an awkward moment when Rockefeller helped him don his coat as a bottle tinkled, after which the decorator says he never received the order.
MENTIONED IN THIS ARTICLE
New York
John D Rockefeller
Tarrytown
Affection for thrifted life of late New York teacher
The late Alphons D. Du Bois, a New York schoolteacher, amassed a fortune of 750000 despite a salary not exceeding 3000. Colleagues recall his systematic habits including a book of students' literary style. One entry compared Julius Caesar and Hannibal, praising their era and leadership with an affirmative verdict.
MENTIONED IN THIS ARTICLE
Alphons D. du Bois
New York
Mr. du Bois
Bombastle
Hilalutin
Caesar
Hann
Bal
Man Claims Hill Rights to Hell in Eminent Domain Row
In early Wachusett reservoir protests in Clinton, Boylston and West Boylston farmers challenged the Metro Water Board’s right to seize lands by eminent domain. Daniel Carville confronted a minister near the Nashua valley site and declared with a grin that he owned “every foot of it right straight down to hell.”
MENTIONED IN THIS ARTICLE
Wachusett
Clinton
Boylston
West Boylston
Metropolitan Water Board
Nashua
Daniel Carville
Carville
Water Board
Boston Herald
Frances Willard Honored In England Tablet Erected In Horsmonden Parish Church
Frances Willard is honored in England with a tablet in Horsmonden church, birthplace of ancestor Simon Willard who founded Concord, New Hampshire in 1634. A tablet to Willard’s memory was placed by a distant cousin, noting she built a foundation of reform in her country.
MENTIONED IN THIS ARTICLE
Frances Willard
England
Frances BE. Willard
Horsmonden
Simon Willard
Concord
N. H
Mirs Willard
Ned
Miss Willard
Whler
Trust Climbs Dow Union Men In The Bunch
Chicago dispatch reports the brick trust cases end with nine defendants entering nolo contendere pleas and paying $2,000 fines each totaling $18,000. The IMnols Brick company, American Brick company, Chicago Brick company and multiple agents face the penalties, with fines paid by attorneys and cash in court. The union officials paid in cash as prosecutors arranged the agreement.
MENTIONED IN THIS ARTICLE
Chicago
Brick Trust
Ins
Chicago Brick Company
John H. Gray
Hitnats Brick Company
Atrick McMann
Lriek
Healy
W.S. Forrest
Ollibits
Smith
Walsh
Tie
Din Donghue
W. 3S. Worrest
Livaly
Harery Olson
Strenuous girl shoots during school quarrel over beau
In Farrington township a 15yearold girl Stella Evituundson fired twice at Maggie Helms 16 and a 18yearold James Wilson is linked to the dispute over a neighborhood beau. One chest shot may have serious consequences as residents report ongoing tensions and a local inquiry proceeds.
MENTIONED IN THIS ARTICLE
Mount Vernon
Farrington Township
Stella Evituundson
Maggie Helms
James Wilson
Saloon Defiance Amid Mayor's Sunday Closing Order
In Ancona, several saloons including Rock Ishind and Turner Hall opened in defiance of Mayor Measkein's Sunday closing order. McCaskrin conducted a personal inspection and revoked licenses for multiple establishments, among the city’s largest venues.
MENTIONED IN THIS ARTICLE
Ancona
Measkein
McCaskrin
Rock Istind
Turner Hall
State’s Money Not Involved In Springfield Statement
The state treasurer’s office issues a statement denying involvement of state funds with elite interests. It references banks in Chicago, including the National Bank and Equitable Plastering at the Slayne Sawings Bank, clarifying no state money is tied to these institutions.
MENTIONED IN THIS ARTICLE
Springfield
Lee
Chicago National Bank
Equitable
Slaine Sawbngs Bank
Chicago
Also Mentioned on This Page
John BR. Walsh
Chicago Clearing Louse Association
Terre Haute
Walsh Bank
Fritz
San Francisco
Robert Mitzsimimmons
Alameda
Jack O'Brien
Philadelphia
O'Brien
Gov. Wright
Luke E. Wright
Philippines
Ways and Means Committee
House
Prigee
Isluals
North
Workmen's Council
Government
Council
Livonia
Dorpat
Riga
Venden
Workmen’s Council
Romanoffs
Cornell
Siga Q
Calla de Witte
Witte
Mueller
Walek
Roemershof
Lennawaarden Castle
Warsaw
Central Committee
Jewish Socialist Bund
Isconsin
MR. Rockeller
State Board of Health
Jersey
Greene
Macoupie
Spring Valeley
Gatesburg
East St. Louis
Khmer McCaslin
Jesse McCaslin
Uele
J. TL MeCaslin
Orsey
Jotshua Dalley
Warren Kendall
Stolts
Lere
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