Dowie Abdicates as Zion City Banks Move to Liquidation
Chicago banks controlled by John R. Walsh wind up affairs amid a $26 million liability. Controllers warn loans to Walsh enterprises were too large. three banks pledge to cover deficits and transfer Walsh's private ventures to allied bankers. Dowie delegates authority to a triumvirate as Zion City retools finances and governance.
MENTIONED IN THIS ARTICLE
Chicago
John Alexander Dowie
Christian Catholic Church of Zion
Caribbean Sea
Zion City
John C. Speicher
Dowie
South
Spiecher
D. W. Barnes
Alex Granger
Shiloh Temple
Ridgely
Chicago National and Home Savings Banks
Equitable Trust Company
John R. Walsh
Clearing House Association
Chicago National Bank
Walsh
Hadeen
Resources and Liabilities of the Failed Walsh Banks
The article lists assets and debts for Chicago National Resources 21,000,000 and liabilities 18,700,000 Home Savings Resources 4,232,000 liabilities 3,983,000 Equitable Trust Resources 4,612,000 liabilities 2,707,563. Depositors nearby, police presence, assurances payments issued, and staff realignments by Clearing House.
MENTIONED IN THIS ARTICLE
Equitable Trust Company
Walsh Banks
Chicago National—Resources
Home Savings Bank—Resources
Equitable Trust Company — Resources
Rates Not Profitable Rock Island Refuses Dressed Meat Traffic
Rock Island railroad pulls out of dressed meats shipments citing unprofitable rules. Traffic officials announce no further business in this category from packers. Also reports murder in Spring Valley as Tony Musatti dies from a bullet wound after a dance dispute involving John Tesh and Frank Rolando. Courland killings amid Livonia revolution report executions and river burial of two officials.
MENTIONED IN THIS ARTICLE
Rock Island Road
Chicago
Rock Island Railroad
Spring Valley
Tony Musatti
John Tesh
Frank Rolando
la Salle
Musatti
Cash Paid for Federal Plums in Edgar County
In Edgar county Illinois reports claim a cash sale of post offices and federal appointments. The Metcalfe office is rumored to be sold for 250 dollars amid a broader pattern of alleged post office patronage. The politics center on Charles P Hitch US marshal and Senator Cullom with Speaker Cannon.
MENTIONED IN THIS ARTICLE
Paris
Edgar County
Eiger
Metcalfe
Truman Woodward
Ed” Hildreth, Jr
Woodward
Woodward and
Hildreth
Republican Machine
Cullom
Hitch
Marshal Hitch
Excitement Dims as Bank Suspension Impacts Depositors
Enthusiasm among depositors over the bank suspension faded quickly as prompt payments ceased and concerns grew. The brief flare of relief gave way to caution as the situation persisted and no new assurances followed.
Chinese Uprising in Shanghai Strains Foreign Militants
A Shanghai riot tied to anti American boycott escalates as British naval patrols guard streets. Reports say two foreigners killed and about 30 dead overall with Americans unharmed. Volunteers and English Marines support order while warships clear for action. A later cablegram claims the riot was suppressed with twenty Chinese deaths.
MENTIONED IN THIS ARTICLE
Washington
State Department
Shanghai
Rodgers
San Franciso
Calif
Pearce Nominated Again as Rock Island Customs Surveyor
Washington December 18 The president nominated Robert G Pearcy to the post of surveyor of customs at Rock Island Illinois The announcement marks another nomination for Pearcy in the same federal post amid routine vacancies and confirmations expected in Congress.
MENTIONED IN THIS ARTICLE
Washington
Robert G. Pearcy
Rockieland
Public Confidence Shaken by Bank Difficulties in 1920s
Chicago reports a bank scare with runs at the Chicago National and Home Savings. Savings bank deposits faced withdrawal as officials pledged rapid payment, while authorities claimed no bank failure. A clearing house plan to liquidate and pay all liabilities was promised to restore stability.
MENTIONED IN THIS ARTICLE
Chicago National
The
Home Savings
Monroe Street
LaSalle
Chicago
Chicago National Land Home Savings
Blount
Shaw
Washington
Dec
Ridgely
Clearing House
Clearing House Committee
Bosworth
News Of Crash Helps Tom Lawson Bear Campaign
From New York December 18 report on solvency shocks to Chicago banks. Wall Street sells off amid panicky early quotations with Amalgamated copper and Union Pacific dropping while broader losses appear brief. Bankers say Chicago closures affect New York little unless wider complications arise.
MENTIONED IN THIS ARTICLE
Tom Lawson
New York
Chicago
Wall Street
Amalgamated Copper
Union Pacific
Btook Island
Chiicago National
Hook Island Tanks v
Escaped Inmate Captured Near Monmouth
Charles Kelly, an escaped inmate, was recaptured near Monmouth and returned to Watertown hospital. He resisted two deputy sheriffs during capture, attempted self harm with match heads, seized half of an officer’s revolver, and was overpowered. He had been employed on a Burlington section gauge since leaving the hospital.
MENTIONED IN THIS ARTICLE
Watertown
Monmouth
Charles Kelly
Watertown Hospital
Blegeville
Burlington
McKinney Cruelty Trial Moves Amid Sanatorium Report
Mrs McKinney returns from Chicago sanitarium amid sensational Henry county circuit court action. Judge Gess and reporters travel between Cambridge and Aledo focusing on alleged cruelty charges by Stella Grady, with insanity as possible defense. Public condition of Mrs McKinney remains unsettled as trial begins.
MENTIONED IN THIS ARTICLE
William H. Gess
H. D. Blakemore
Cambridge
Henry County
Graves
Edwin Dice
Aledo
Archibald McKinney
Stella Grady
Miss Grady
Brick trust leaders fined for conspiracy in Chicago brick market
Seven officials of the so called lor trust in Chicago and two labor leaders pleaded guilty to conspiracy to do an illegal act. They were fined $2000 each for preventing competition and restricting brick production in the Chicago market.
MENTIONED IN THIS ARTICLE
Lor Trust” of
Chicago
Dee
William Sunday closes Burlington revival with 2200 converts
Evangelist William Sunday finished his Burling ton revival last night after about three weeks of meetings. He reportedly converted around 2,200 people and Burlington has been stirred as never before.
MENTIONED IN THIS ARTICLE
William Sunday
Burlington
Outgrown state lines prompt federal insurance regulation debate
Washington December 18 The annual report by James Randolph Garfi eld commissioner of corporations argues insurance is interstate commerce needing federal regulation. He cites concentration of power, purifying finance, and the case for preventive methods and congressional action under the commerce clause.
MENTIONED IN THIS ARTICLE
Washington, D. C
James Randolph Garfield
Supreme Court
Bureau
Congress
Peoria Postoffice Inspectors Investigate Postmaster Hull
Peoria officials reveal inspectors have examined Postmaster W. E. Hull for weeks. The charges remain undisclosed though reports suggest serious implications. public details are withheld as the investigation continues.
MENTIONED IN THIS ARTICLE
Peoria
W. EB. Hull
Also Mentioned on This Page
Russia
Witte
St. Petersburg
Moscow
League of Leagues
Interior
M. Durnovo
Rostof Grenadier
Count Witte
Alexis Ignatiefs
Associated Press
Koeningsburg
Prussia
Mitau
Home Savings Bank
Equitable Trust Go
Chicago Clearing House Association
Equine Trust
Rom Savings Home
Charles G. Dawes
Ecurrency
Central Trust and Savings Bank
Bedford Bank
Bedford, Ind
Bedford National Bank
Courland
Liennewarden
Livonia
Peterson
M. Maximovitch
R. G. Pearce
New York Stock Market
Saledo
McKinney
Sanger Brown Sanitarium
Ilinois
Senate
House
Appropriations
Allison
Finance
Aldrich
Clark
Wyo
Commerce
Frye
Elkins
Burrows
Proctor
Warren
Hale
Clapp
Territories
Beveridge Public Lands
Hansbrough
Scott
Penrose
McCumber
Philippines
Lodge
Inter-Oceanic Canal
Millard
Spooner
Fulton
District of Columbia
Gullinger Education and
Dolliver
Burnham
Pacific Island
Porto Rico
Forker
Dillingham
Platt
Brick Trust
Garfield
Peoria Postoffice
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