Seventh National Bank Fails After Loan Default
The Seventh National Bank closed yesterday morning after directors failed to assure loans of Henry Marquand & Co. totaling 1.6 million would be paid by tomorrow night. Raynor of the National Bank Examiner took charge as the bank was debited 644,108 at the Clearing House. Thebank attributed the failure to Marquand & Co. not meeting loans and to nonmarketable collateral accepted by the Kimball administration. Country correspondents withdrew balances, driving the heavy clearing balance. The bank had served as a post office money order depository. federal funds are secured by government bonds.
MENTIONED IN THIS ARTICLE
Seventh National Bank
Henry Marquand & Co
National Bank
Raynor
Seventh National
Kimball
Post Office
Perry S. Heath
Henry Marquand € Co
Clearing House
Fletcher S. Heath
New York
Chase National Bank
Middle West
Post
Seventh National Bank suspends payments at Clearing House
The Seventh National Bank halted payments after failing to meet a $984,000 debit balance and to provide assurances on Henry Marquand Co. loans worth about $1.6 million. Withdrawals by country banks and a Clearing House committee decision followed, with the bank’s leaders and counsel briefly appearing to request a suspension.
Maniac Bite Rampage at Bellevue Hospital Nurses Targeted
Jacob Vogelle a 34 year old Salvation Army member confined at Bellevue Hospital insane pavilion attacked four nurses with his teeth and choked his wife. He injured nurse Paul and Wright and then bit Lantry O'Donnell and Ludwig before being restrained in a straitjacket. He shouted that God ordered the injuries.
MENTIONED IN THIS ARTICLE
Jacob Vogelle
Bellevue Hospital
Salvation Army
Morrisst
Wildman
W. J. Paul
Jones
Vogelie
Paul
Wright
O'Donnell
Langtry
Ludwig
Lantry
O’donnell
Prominent Westchester Lawyer Daly Dies Sudden After Wife
Joseph F Daly a leading Westchester County attorney died at his Yonkers home shortly after his wife’s death from heart failure. He defended School Commissioner Benjamin H L Adams in the Sunday golf matter and had served as Yonkers Corporation Counsel. He and his wife left two sons and were active in Democratic circles and local bar associations. Funeral will be at Immaculate Conception Church Yonkers on Monday at 10 a.m.
MENTIONED IN THIS ARTICLE
Joseph F. Daly
Westchester County
Warburton-ave
Yonkers
Benjamin H.L. Adams
Adams
Daly
New York Democratic Club
New-York Bar Association
Westchester County Bar Association
City Club of
Artist Stops Runaway Horse in Eighth Avenue Incident
Carmonine Victora, 24, artist of 206 East Thirtieth Street, badly bruised after trying to halt a runaway horse hitched to a butcher’s wagon near Fifty fourth Street. Driven by Edward Arnold of 434 West Fifty fourth Street and owned by Charles Herman of 833 Ninth Avenue. Victora grabbed the bridle, was thrown down, and treated at Roosevelt Hospital.
MENTIONED IN THIS ARTICLE
Carmonine Victola
Lyndon
Roosevelt Hospital
Carnegie Library Gift Rejected by New Castle Council
The New Castle City Council refused Andrew Carnegie's offer for a free library citing conditions that required raising $4 annually for maintenance if $40,000 was received. Union men opposed accepting the money and the council delayed action until it defaulted.
MENTIONED IN THIS ARTICLE
New-Castle
Penn
Andrew Carnegie
One Drowned as Four Men in East River Rowboat Upset
A rowboat carrying four men overturned in the East River near South Third Street Brooklyn yesterday afternoon. Arthur Rooney, seventeen, of Fulton Street and Reid Avenue, drowned and body not recovered. Charles Smith, twenty two, of 142 Johnson Avenue, was rescued by Policeman Timothy Smith. the other two men swam ashore and vanished.
MENTIONED IN THIS ARTICLE
Baltimore
Arthur Pue Gorman
Joseph Friedenwald
Gorman
United States Senate
Friedenwald
Maryland
Smith
E. E. Jackson
L. Victor Baughman
Olin Bryan
Joshua W. Hering
Baltimore County
Hayes
East River
South Third St
Brooklyn
Arthur Rooney
Fultonst. and
Reidave
Timothy Smith
Charles Smith
No. 142
Johnson Ave
Yale Victorious Over Harvard In Thrilling Annual Boat Race
Yale defeated Harvard in the 3 mile Thames race finishing two lengths ahead after a battering duel. Yale also won the freshman race easily while Harvard’s second boats lost by six lengths in a hard fought two mile event.
MENTIONED IN THIS ARTICLE
YALE
Harvard
New London
Conn
Thames
Goodell
Camtain Bullard
Eli
Cambridge
Crimson
Central Railroad of New Jersey Summer Schedule Ad
Advertisement announcing a complete summer timetable for Sandy Hook and all rail routes of the Central Railroad of New Jersey. Timetable distribution planned Friday. includes timetable details and pricing for travel. Water brand promotion appears alongside.
MENTIONED IN THIS ARTICLE
Sandy Hook
Central R. R
New Jersey
Et Tor
Advt
Also Mentioned on This Page
Keystone Town
Betchertown
Burke
North Fork Junction
THE
Tribune
Elkhorn Valley
West Virginia
Forrest Raynor
Sev
Poland
Long Branch
Atlantic City
Jere Ee Bey
Enth National Bank
Mr. Thomas
Edwin Gould
William Nelson Cromwell
Way
Congress
the Tribune
Albany
Bond
Hay
Northwest
Union
Buffalo
Lake Ontario
Oswego
Hudson River
United States
New York State
Indiana
Ilinois
Wisconsin
Minnesota
Iowa
South Dakota
Nebraska
North Dakota
Lake Erie
Baltimore Suburb
ST. Louis
New York Central
Grand Central Station
Kansas City
Benjamin H. Adams
Westches
TER Bar Association
Carnegie Library
Anne
Gle
Har
Vard
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