Sevent National Bank Failure Prompts Cautious Warning
New York financial community shaken by the collapse of the Seventh National Bank once considered safe. Authorities cite excessive certification and loans on inadequate collateral, including a 1.6 million loan to a single firm in securities deemed doubtful. Officials warned to convert holdings to cash. bank closed. The incident underscores risks of credit overextension and overcertification contrary to banking laws.
MENTIONED IN THIS ARTICLE
Financiali
New York
Seventh National Bank
Seven Cent Men and Cellini Autobiography Mentioned
The piece discusses 7 cent a day food standards and a 50 cent a day goal for broader distribution of goods. It notes Benvenuto Cellini as an unmatched metal worker and reveals his autobiography claims of crimes. Mosquito control efforts in New Jersey and Long Island are described as successful. A Denver guru touts mental gymnastics for muscles, urging belief in progress. The final line salutes the American army mule and New Orleans.
MENTIONED IN THIS ARTICLE
Benvenuto Cellini
Cellini
Celiini
Oddities and notices drift through the year
A jumble of items includes a Colum bia University chair in Chinese studies, a Wisconsin inventor's perpetual motion claim, and a San Francisco soldiers incident. Reports touch on taxes, cottons, a King Victor tip, and Jane Addams memorial plans. Also a deafness cure ad and Hall's Pills promotion frame the miscellany.
MENTIONED IN THIS ARTICLE
William Otto
Wisconsin
William
Also Mentioned on This Page
Os Aan
Carrer
Sixteenth Street
Molines
Geme
Tonnesen
Long Island
New Jersey
Denver
New Orleans
Haart
United Stats
Columbia, University of New York
Presidio Military Reservation
San Francisco
Mra. Nation
Minnesota
Russell Sage
Cleveland
King Victor
Jersey
Texas
Italy
Knights of Labor
New England
China
Jane Addamss
Paris
Brooklyn
Hall
Circulara
F. J. Cheeney & CO
Telefio
Wer Es
Fidelity Loan Coq
Moline National Bank
H. A. Ainsworth
Geo. H. Edwards
Bdl Hirsch
F. G. Allen
A. 8. Wright
Rufus Walker
Porter Skinner
J. Silas Lenz
R. Ainsworth
James G. Skinner
United States
Europe
Banking House
16Th Street
German Savings BR
Davenport
Iowa
H. H. Andressen
H. Lischer
Chas. N. Voss
R. A. Andressen
Ea. Kaufmann
Aset
People's: ‘Savings
Hatik
J. Good
C. R. Ainsworth
Waesel
W.A. Rosenfield
G. H. Schrpeck
George Stephens
P. C. Simmon
Thos. M. Seebier
First National Bank
Avenue
Moline State Sexnoose Bank
Depsits. S
Moline National Bank Bldg
15Th Street
3D Avenue
John H. Mueller
Merchants’ Restaurant
J. Mulholland
Prop
W. Parsons
McKinnie Block
J. B. Oakleaf
State
John Carlson
Wagner Opera House
5Th Avenue
The
Eureka and Security Insurance Companies
Cincinnati
Ohio
Fred R. Young
18Th Street
Main
Daniel
Venice
McManus Building
D. Engmark
3D Ave
Market Square
Over Skinner & Co
Emory’s Farm
Th Ave
Sental
Hestut
Mupseewe. Co
Eee
Wéland
Ee Eanry
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