Pittsburg Bank N Receivership Begins Temporary
Pittsburg Bank N enters temporary receivership as authorities appoint a temporary receiver to manage assets and obligations amid financial restructuring and regulatory oversight.
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Newspaper
Moline Review Dispatch
Location
Moline, Illinois, United States of America
Date
Oct 23, 1903
Page
1
Pittsburg Bank N enters temporary receivership as authorities appoint a temporary receiver to manage assets and obligations amid financial restructuring and regulatory oversight.
A receiver was appointed for the Federal National Bank at midnight in Lockport after heavy withdrawals surpassing half a million dollars. The bank, tied to Western Tube Co losses, faced stock depreciation and rumors, though officials expect only temporary embarrassment.
A spokesman aims to have operations back to normal by Monday as the firm signals it has weathered its latest financial storm and danger of further troubles appears past.
Seventy five delegates from La Crosse Keokuk Burlington Winona Quincy Muscatine Hannibal and other river cities attend the second annual Upper Mississippi Improvement Association gathering in Davenport at the Masonic Temple. President Lon Bryson presides as Congressman Esch and Governor Van Sant address the morning session. The group plans a six foot channel at low water between St Louis and St Paul and adjourns to inspect river works aboard the steamer Mackenzie. A 4 pm business session resumes followed by a 6 pm dinner at Lahrmanns hall.
L M Magill receives Governor Yates approval on Marsh recommendation to join Illinois delegation at the Inter-State Mississippi River Improvement and Levee association convention in New Orleans starting Tuesday October 27. He also represents the Moline Business Mens association and aims to push a levee project between Drury's Landing and New Boston. Magill departs Friday evening via Chicago for New Orleans.
An advertisement claims a guaranteed cure for rupture within 60 days with no pay until the patient is satisfied. It lists many patient references and depositors at Davenport Union Savings Bank and provides a series of local names and addresses as testimonials and contact points.
The Ling Boys Hall bazar features a rummage sale booth for Emmanuel Lutheran Walker Station with Gr Peterson arranging pickups. Other booths include Sorosis Society Swedish Lutheran church items Martha Ald Society, Swedish goods, plus a Swedish fishpond and amusements for visitors.
Charles L. Ritter of Murphysboro, a delegate to the Pythian grand lodge in Rock Island, had $125, a meal ticket, and a railroad ticket stolen from his pocketbook kept on a Rock Island House desk. He left the pocketbook momentarily while writing an address on a card and the thief fled. Police are investigating.
C R Stephens secures controlling stake in Acme Steel Chicago and moves central office to Moline around Nov 20. Directors include C R Stephens George D Dunn W B Tolles George Gunderson Theodore G Sellick and W G Sawyer. President Stephens Vice President Dunn Secretary Treasurer Gunderson. Plant spans three buildings with potential annual business of one million dollars.
Illinois Knights of Pythias meet in Rock Island with 525 delegates as Peoria and Bloomington lead the race for the next convention. Rathbone Sisters gain recognition. officers, elections, and an orphans home itemized for Thursday discussion.
Delegates appeared at Grand Lodge 525 as opposition formed against the candidacy of the Grand Keeper of Records. The meeting noted strong attendance and discussed governance, with factions forming around key roles and procedural questions.
Albert Schultze of 408 West ern Avenue Davenport died by self inflicted gunshot around 5 pm Tuesday after attempting to hang himself. rope broke and he used a 38 caliber revolver. Despondency cited as the cause.
Grand Chief Leona Housh presided as Rathbone Sisters debated a state orphans and infirm home with no action taken. Officials discussed unity with the grand lodge and ladies, noting 112 temples in the state, 3178 knights, 4299 ladies, and a $2000 treasury. Officers elected include Mrs SL House as Past Grand Chief and Mrs Helen Baxter as Grand Chief from Peoria.
Judge Wolf in Davenport ruled that Foanels Parker is the son of Frederick Parker and thus a rightful heir to one half of the $1,000,000 Parker estate. The decision hinges on Nebraska law recognizing a child named in a deed as a legitimate heir, even if the child’s status as a former servant or non-marital relation existed. Mrs Fraiser and Frederick Parker of Omaha were identified in the deed as Parker’s parents.
Mr and Mrs George Mitchell and family visited Mrs Thomas Gainey in Los Angeles before leaving last week. Mr and Mrs B A Cartwright and children of Watertown and Mr and Mrs Andrew OBrien of Barstow visited here Sunday. Rose Gribbon died here Sunday. Susie Nelson wed Corbin at the brides parents home with Rev Oscar Relsoey officiating. The couple departed for their Munabe home after a Rock Island visit.
The article describes a 1830 Episcopal wedding ceremony featuring bridesmaids in pompadour style gowns. haut monde attendees, church decor, and traditional rites mark the full religious service.
Miss Florente Louise Gould and Joshua Hale of Boston married at noon Wednesday with a large Tri-City attendance. The ceremony followed an ornate bridal procession inside a green and white decorated church. Music featured a concert before and Mendelssohn’s wedding march as recessional. The service used a full Episcopal rites with the hymn Oh Perfect Love.
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