Seventh National Bank Fails After Loan Defaults
The Seventh National Bank closed yesterday morning after the directors failed to assure the Controller of the Currency that Henry Marquand & Co. loans totaling 1.6 million would be paid by tomorrow night. The bank cleared 644,108 yesterday before suspending. Raynor, the National Bank Examiner, took charge as the Kimball administration’s collateral was deemed unmarketable though of some intrinsic value.
MENTIONED IN THIS ARTICLE
Seventh National Bank
Henry Marquand & Co
National Bank
Raynor
Seventh National
Kimball
Post Office
Perry S. Heath
Sev
Seventh National Bank suspends payments amid Clearing House run
The Seventh National Bank closed its doors after failing to meet a debit balance of 8 1 2 000 at the Clearing House following withdrawals by country banks. The bank cited inability to provide satisfactory assurances on Henry Marquand Co loans totaling about 1.6 million and a large rush of balances as the cause, with officials planning Saturday night cash steps.
MENTIONED IN THIS ARTICLE
Seventh National Bank
Henry Marquand € Co
Clearing House
Perry S. Heath
Fletcher S. Heath
New York
Chase National Bank
Middle West
Seventh National
Post
Manic patient at Bellevue hospital bites nurses
Jacob Vogelie a 34 year old Salvation Army member in Bellevue Hospital insane pavilion has bitten four nurses and injured a fifth since last Monday He attacked nurses during examinations while his wife attended and choked his spouse before being restrained by attendants The maniacal patient claimed divine orders and was finally put in a straitjacket
MENTIONED IN THIS ARTICLE
Jacob Vogelie
Bellevue Hospital
Salvation Army
Morrisst
Wildman
W. J. Paul
Jones
Vogelie
Paul
Wright
O'Donnell
Langtry
Ludwig
Lantry
Barge Canal Proposal Seeks Federal Funding Across States
Albany June 26. State Engineer Bond reports two visiting engineers with a Hay secretary letter urge Congress to finance a grand barge canal across New York State. They favor a twenty one foot canal from Buffalo to Oswego and Oswego to the Hudson, costing about 300 million dollars, with potentially all Western states backing the plan. They expect Congress to coordinate a national canal improvement policy including states Indiana Illinois Wisconsin Minnesota Iowa South Dakota Nebraska and North Dakota.
MENTIONED IN THIS ARTICLE
the Tribune
Albany
Bond
Hay
Northwest
Congress
New York
Union
Buffalo
Lake Ontario
Oswego
Hudson River
United States
New York State
Indiana
Illinois
Wisconsin
Minnesota
Iowa
South Dakota
Nebraska
North Dakota
Lake Erie
Senator Gorman seeks old seat amid Baltimore honors
Former Senator Arthur Pue Gorman may return to the U S Senate as the Maryland legislature chosen in the fall. His informal candidacy was announced at a dinner in his honor at Joseph Friedenwald's country home in a Baltimore suburb. Prominent Democrats praised him as the logical choice, while some leaders reflected mixed views.
MENTIONED IN THIS ARTICLE
Baltimore
Arthur Pue Gorman
Joseph Friedenwald
Gorman
United States Senate
Friedenwald
Maryland
Smith
E. F E. Jackson
L. Victor Baughman
Olin Bryan
Joshua W. Hering
Baltimore County
Haye
Artist Stops Runaway Horse on Eighth Avenue
Carmonine Victola, a 24-year-old artist of 206 East Thirtieth Street, bravely tried to halt a runaway horse attached to a butcher’s wagon near Fifty-fourth Street. He was thrown, sustaining severe bruises, and was transported by ambulance to Roosevelt Hospital. The wagon was driven by Edward Arnold of 434 West Fifty Fourth Street and owned by Charles Herman of 433 Ninth Avenue.
MENTIONED IN THIS ARTICLE
Carmonine Victola
East Thirtieth St
Eighth-ave
Fifty-fourth-st
Edward Arnold
West Fiftyfourth-st
Charles Herman
Ninth-ave
Victora
Lyndon
Roosevelt Hospital
Prominent Westchester Lawyer Daly Dies After Wife
Joseph F Daly a leading Yonkers attorney known for defending Benjamin H Adams in the Sunday golf case died at his Warburton Avenue home shortly after his wife. They left two sons Russell and Carroll. Daly had served as Yonkers Corporation Counsel and led Westchester County Bar Association. Funeral at Immaculate Conception Yonkers Monday 10 am.
MENTIONED IN THIS ARTICLE
Joseph F. Daly
Westchester County
Warburton-ave
Yonkers
Benjamin H. Adams
Adams
Daly
New York Democratic Club
New York Bar Association
Westchester County Bar Association
City Club of
Id Judicial District
Carnegie Library Offer Refused by New Castle Council
The New Castle City Council rejected Andrew Carnegie's gift for a free library after union objections. Acceptance would require raising $4.00 annually to maintain the library if $40,000 was received, but council deferentially declined by default.
MENTIONED IN THIS ARTICLE
New-Castle
Penn
Andrew Carnegie
Drowned man among four in East River rowboat incident
A rowboat with four men capsized 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. Policeman Timothy Smith rescued Charles Smith, twenty two, of Johnson Avenue, while the other two escaped and swam ashore, then disappeared.
MENTIONED IN THIS ARTICLE
East River
South Third St
Brooklyn
Arthur Rooney
Fultonst. and
Reidave
Timothy Smith
Charles Smith
No. 142
Johnson Ave
Yale Triumphs Over Harvard in Bitter Thames Boat Race
New London June 27 Yale defeated Harvard in a closely fought three mile race on the Thames with Yale winning by two lengths in 23 37. Harvard’s Goodell fainted after crossing the line, while Yale dominated the freshman race and Harvard took the two mile fours. Yale’s victory follows a dramatic finish as the Crimson sparred with the Blue amid cheering crowds and firing cannons.
MENTIONED IN THIS ARTICLE
New London
Conn
Yale
Harvard
River Thames
Hare Vard
Goodell
Bullard
Cambridge
Crimson
Also Mentioned on This Page
Keystone Town
Betchertown
Ennis
Burke
North Fork Junction
THE
Tribune
Elkhorn Valley
West Virginia
Forrest Raynor
Poland
Atlantic City
NEW Jersey Central
Federal Pastel x Alve Liberty
Enth National Bank
Mr. Thomas
Edwin Gould
William Nelson Cromwell
Way
Baltimore Suburb
ST. Louis
New York _Central
Grand Central Station
Kansas
Westches
TER Bar Association
Carnegie Library
Gle
Har
Vard
Sandy Hook
Central R. R
New Jersey
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