Riggs Bank Charter Renewal Approved After Probe
Washington June 21 The Controller of the Currency approves a twenty year extension for Riggs National Bank amid findings of past violations and a pledge by bank officers to comply with the National Bank act. Directors sign a written pledge to ensure future scrupulous conduct and solvency.
MENTIONED IN THIS ARTICLE
New York Times
Washington
John Skelton Williams
Riggs National Bank
Riggs Bank
National Bank Act
Justice McCoy
Mmitation
Cantreee
Riggs National Bank of
Washington, D
Washington, D. C
Rigsetonal Bank
Bronget
National Bank
de McCoy
Controller's Office
Charles C. Glover
Milton FE. Ailes
Willam J. Flather
Joshua Evans, Jr
H. V. Haynes
Ashier
Ilton EF. Ailes
William J. Flather
Charles C. Glover, Jr
James M. Johnston
Thomas Hyde
L. Kemp Duvall
Charlies C. Glover
Robert C. Wilkins
E. V. Murphy
Sterling Ruffin
Joseph Paul
H. Rosier Dulaney
L. E. Jeffries
Charles I. Corby
Bank of the Controller
United States
Sig
Entista Cor Pont
Jiams
National Bank Examiners
New York
H. H. Fisther
Cotton market opens firmer then weakens on profit taking
Cotton rose at first in London and Liverpool trading but reversed to losses as shorts covered and profit taking set in. Prices eased with July and December contracts shown in steady to slightly higher ranges amid favorable weather reports and strong US crop prospects. Local spot sales and steady futures capped a cautious day while port receipts rose to mixed totals and exports remained robust.
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Lewis Johnson &Co
Flather
Williams
H. U. Flather
Shorts
Liverpool
Memphis
Wit
Savannah
Norfolk
Austa
New York
Department of Agriculture
Ashington
Bureau of Markets
Galveston
New Orleans
Mobile
Bavannah
Charleston
Wilmington
St. Louis
Houston
Augusta
Thorne Named Fourth Vice President at Metropolitan Trust
Harold B Thorne elected a Fourth Vice President of the Thorne Metropolitan Trust Company as the bank enlarges its executive staff. He will begin his new duties early next month after a long career starting as a junior clerk at the Mercantile Trust Company twenty one years ago and rising to a vice presidency before joining the Bankers Trust Company on its absorption of Mercantile.
MENTIONED IN THIS ARTICLE
Thorne
Metropolitan Trust Company
Harold B Thorne
Mercantile Trust Company
Bankers’ Trust Company
Mercantile
STANDARD OIL STOCKS SELL AT AUCTION
Auction sales yesterday by Adrian H Muller Son included 800 Phoenix Water Power preferred shares at 10 each net 4 per share and 200 Central Trust Company stock rights 430. Also listed were Deutscher Verein bonds and various international government loans with mixed yields and denominations across numerous firms and countries.
MENTIONED IN THIS ARTICLE
Adrian H. Muller & Son
Phoenix Water Power Company
Phoenix Water Power Company Common
Deutscher Verein
Westchester Fire Insurance Company
Iso
Coun
Toya
Armavia Tovnapee Railway Company
Russia
London and Southwestern Bank, Ltd
Post Office Savings Bank
London
England
Mexican Petroleum Company Common
City Finances Reported Cash Position June 17 1916
Controller's statement details corporate stock revenue bonds notes and bills and cash balances. It lists cash on hand 7 124 142 13 and 54 490 741 09 respectively under two columns with items including special revenue bonds 3 080 400 00 and 3 989 400 00. The report notes cash in excess of corporate stock note obligations 8 286 494 34 and a 1 162 352 21 balance.
Open Credits In Dollars For Metal Trade Gains Ground
Foreign metal buyers, led by French and Italian banks, increasingly use dollar credits with New York banks to pay for exports. The shift follows declines in sterling and other currencies, with Leopold Fredrick of American Smelting suggesting 90 day sight credits to ease exchange rate pressures and support sterling stabilization in London.
MENTIONED IN THIS ARTICLE
Europe
Leopold Fredrick
American Smelting & Refining Company
New York
London
Fredrick
Chile
Mr. Fredricks
New Bank to Clear Here Through Clearing House
The International Bank, a subsidiary of the International Banking Corporation under Connecticut law, will have all checks payable through the New York Clearing House starting June 26 and cleared via National City Bank. National City Company, controlled by City Bank stockholders, recently acquired a majority stake in the International Banking Corporation. The bank has increased deposits and sought Clearing House Association membership to fuel growth.
MENTIONED IN THIS ARTICLE
The
International Bank
Ubsidiary
International Banking Corporation
Connecticut
New York Clearing House
National City Bank
National City Company
City Bank
International Anking Corporation
International Ank
Clearing House Association
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N. J
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Charles Sabin
I Lord
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Eec
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Ira
Ims
Rae Ae
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Istee
Rene
Lewis T. Wolfe
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