Memphis Finanacial Inst Their Doors Closed In Liquidation
Memphis reports three financial institutions Merchants' Trust American Savings Bank and Trust and Mechanics' Savings failed to open. Trustees cited overloans as cause with assets exceeding liabilities. Merchants' Trust appointed John P. Edmondson receiver. it had recently absorbed Memphis National Bank and controlled the American Savings Bank.
MENTIONED IN THIS ARTICLE
Memphis
Merchants’ Trust Company
American Savings Bank and Trust Company
Mechanics’ Savings Bank
Merchants’ Truat Company
Associated Press
Heiskell
John P. Edmondson
Memphis National Bank
Favoring a Lock Canal Chief Engineer Stevens Advises Commission
Washington Dec 28 Chief Engineer J F Stevens of the Isthmian Canal Commission has arrived to present his views. He supports a lock canal at a moderately high level and will argue that its cost and construction time can be defined with greater certainty than a sea level canal, making the latter less advisable.
MENTIONED IN THIS ARTICLE
Stevens
Washington
Shonts
J. F. Stevens
Isthmian Canal Commission
Governor Hanly seeks resignation of Indiana secretary of state
Indianapolis reports Governor Hanly has asked for the resignation of Secretary Daniel E. Storms after a two hour meeting with Attorney General Miller. Storms faces a pending quarterly settlement due October 1 showing a $77,000 debt, secured by trustee securities yielding $41,000 and remaining balance borrowed from friends. The next settlement is due January 1.
MENTIONED IN THIS ARTICLE
Indiana
Indianapolis
Hanly
Daniel E. Storms
Miller
Storms
J. J. Appell
Friends
Secretary of State
Mrs Brennan Denies Involvement In Child Murders
Stella Brennan testified in her murder trial claiming she never harmed her three stepchildren and professed only kindness toward them. The testimony showed her calm demeanor under questioning as she denied responsibility for the killings. Separately, Mrs Fitzsimmons arrived in Sioux Falls amid divorce rumors surrounding her prizefighter husband.
MENTIONED IN THIS ARTICLE
Brennan
Minneapolis
Stella Brennan
Fitzalmmona
Sioux Falls
Robert Fitzsimmons
Frightful Bloodshed Reported In Moscow Revolt
From St Petersburg a Slovo dispatch says the government expects Moscow revolt to be crushed in four days. Troop shortages and guard duties slowed response while fresh forces arrive. Independent sources claim 16 000 killed and about 100 Red Cross workers sent to aid wounded. Arms of revolutionists said to come from Germany and Belgium via England and smuggled through Finland and the Baltic provinces.
MENTIONED IN THIS ARTICLE
St. Petersburg
Moscow
Moscow-Kazan
Slovo
Bravo
Red Cross
Germany
Belgium
England
Russia
Finland
Baltic
Molva
Russ
Outbreak Fears In Warsaw Amid General Strike
In Warsaw on December 28 shops in the Jewish district are closed and bands of revolutionists order banks closed. Rumors of a coming outbreak circulate as Maxim guns guard police stations and doors are locked. The union of physicians calls for emergency readiness and sixty ambulance stations are set up. In Lodz a general strike closes shops and factories, halts streetcars and cabs, and drives panic as residents flee.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Union of Physicians
Lodz
Russian Poland
Call Money Reaches 95 Percent Rate in New York
Call money throughout the day was in strong demand with ample supply, reaching 95 percent per annum as the highest rate in years, observed in the afternoon trading. The surge indicates intense lending pressure in the New York money market on December 2.
MENTIONED IN THIS ARTICLE
New York
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Northwestern Land, Loan and Adjustment Company
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