Congress Sits Amid Financial Crisis and Bank Closures
A round of economic distress spreads across states as Congress sits with confidence failing. Reports claim Jesse Wilberly forged letters for the Royal Arcanum and three to ten thousand dollars shortages. Banks fail in Wellsburg and Wellsburg assets top $300,000 with $150,000 in liabilities. Mills shut in Winooski and Burlingotn, with 500 out of work in woolen and merino lines and 350 in cotton. Chicago Iron and Steel Company assigns, with $25,000 in unpaid accounts and $40,000 tied to Bankhurst & Wilkinson. Indiana congressman C G Conn closes his Kikhart instrument factory, risking 1000 jobs. Buffalo banks halt currency to outside cities amid a stringency. Governor Altgeld weighs an extra Illinois session to restore employment and state health.
MENTIONED IN THIS ARTICLE
Waynesboro
Jesse Wilberly
Royal Arcanum
Wellspura
W. Va
Bank of Wellsburg
Samuel George
Buruixeton
Vermont
Winooski
ChicaGo
Chicago Iron and Steel Company
Bankhurst & Wilkinson
Nashville
Curiaco
Altgeld
Illinois
Indianapolis
Ind
C. G. Conn
Thirteenth
Indiana
Kikhart
Conn
United States
Burke
Tenn
First Nation Bank
Waseca
Minn
People’s Bank
Organs
Germania Savings Bank
Germania
Savings
Minneapolis
Commercial Bank
Hamilton Loan and Trust Co
New York
Fuller Bros. & Co
Automatic Piano Company
Aseta
Washington
Eelites
Waxahachie National Bank
Waxahachie
Texas
Capital
New York City
First National Bank
American National Bank
Leroy
N. Y
Frank C. Lathrop
James Kinny
South Side
John B. Koetting
South Side Savings Bank
Barth
Koetting
Kineston
Caldwell County
Exchange Bank of Polo
John D. Cox
St. Pavun
Westfall
Seven Corners Bank
C. A. Hawks
Beatrice
Neb
Jacob Bond
Bank of Cortland
F. ©. Severine
King Brothers’ Pure Food Company
Third Street
Thomas H. Stratton
PuEse
Colorado Fuel and Iron Company
Mrnchett
Troy
Saratoga Victory Manufacturing Company
Mills Shut Down Across Region as Wages Cut
A wave of factory slowdowns and layoffs hits many plants. Groveville Carpet Mills at Matteawan shut, 900 workers lose jobs. Garner & Co. print works at Wappingers Falls likely to close. Kilmar Manufacturing in Newburg trims 200 of 325 wages. Smyrna rug dept at West Newburg factory begins strike after 15 percent cut. Newton Conn mills reduce three day week, 400 affected. Rail workers in Danbury see hours drop to eight per day. Continuous wage reductions noted in Yonkers iron works and Middletown silver plate. New Haven cigar firms also shut. reopen at lower wages anticipated. Authorities consider bank suspensions and other business failures across states.
MENTIONED IN THIS ARTICLE
Groveville
Matteawan
Henry Hilton
Garner & Co
Wappingers Falls
Kilmar Manufacturing Co
Newburg
Smyrna
H. Walter Webb
Leonjard
New York Central Railroad
James A. Banister Shoe Co
Newark
N. J
R. D. Woods
May's Landing
South Jersey
Flint
W. F. Washburn Iron Works
Yonkers
Middletown Plate Co
Middletown
Gallagher's
Trixy Cigar Company
Loomis
New Haven
Conn
Amsterdam
N. Y
Howgate, McClary & Co
Rockton
Mavison
Wis
Marine Bank
Milwaukee National Bank
Commercial
Eau Claire
Yorkville
E L Henning
Henning
Rick Lake
Barron County Bank
N. W. Bailey
Jas. H. Walker Co
W. A. Mason
James H. Walker
New York City
North Lgrancu
Minn
Bank of North Branch
Sure
Linden Steel Co
Pittsburg
Plate Minneapolis
Misssippi Valley Lumber Association
Lawrence
Mase
Pemberton
Gutuing
O. T
Kansas
Cherokee Strip
Texas
Iron King Coleman Assigns In Bankruptcy
Robert H. Coleman, noted iron magnate, assigns all estate to Archibald Rogers and Henry T. Kendall in trust, excluding his wife Edith Coleman personal estate. Liabilities around 3.5 million, assets likely insufficient. Debts tied to Indian River Tampa and Key West Railway. discussions of Colemans furnaces operations and sympathy funds follow.
MENTIONED IN THIS ARTICLE
Sresanon, Pa
Robert H. Coleman
Archibald Rogers
Hyde Park
N. Y
Henry T. Kendall
Reading
Pennsylvania Trust Company
Edith E. Coleman
Colebrook
Coleman
Also Mentioned on This Page
State News
Newton
Maiden
David Hedge
Alleghany
North Carolina
The
Quakers
High Point
Tarboro Southerner
H. A. Latham
Washington Gazette
Alf
Eugene Harrell
Aberdeen
Moore County
Chatham County
North Carolina State Sunday School Association
Greensboro
Geo. Warters
la Grange
Jal
Kinston Free Press
Wilkesboro
Lithia Springs
Orphans N Free Lance
Adam Crisp
Gu Jk River
Franklin
Laurinburg Exchange
L.wood
Stephen Huntley
Lanes Creek Township
Monrose Enan
Institute of
Mr. Scott
Wilson County
Lenoir
Allen Brown
Greenville
John Long
Yadkin County
Cool Springs Township
Iredell County
Morehead City
Carteret
Onslow
Jones
New Berne
Henderson
Lewis Henderson
Maysville
White
Ef.d
California
Zion Progress
Nelson Jewell Roke
Isa
Cord
Beck
Argus
Wayne
Morrow
Herald
Nville
Charlotte
Victor
Ada
Alpha
Atherton
Gingham
Shelby Aurora
George W. Hunt
Rutherfordton
Hunt
Statesville
Whitaker
Iredell Superior Court
Durham Globe
Will Andrews
Graham Gleaner
B. J. Williamson
Burlington
Williamson
Charlotte News
Concord
Parham Kirk
Kirk
Montgomery County
Morganton Herald
Peyton Moore
Silver Creek
Aleck Duck
Stove
Catawba River
Air Line
Charlotte News Winston Republican
Lossing
Lauratown Peak
Stokes County
Rockingham
Huntersville
Jonesboro Journal
Egypt
Mount Airy
Wm. Neecham
Salem Church
H. L. Atkins
Ward Keaton
Depot Hill
Congress
Iron King
Madison Square Bank
Typia Napolis
Indianapolis National Bank
Boston
Oposet Company
Ea Granpd Rapids
Mich
Vernon
Espusa Land and Improvement Company
WaHick Prains
Broomingdale Asylum
Woonsocket
Social Manufacturing Company
Providence Springfield
Mesa
United States Whip Company
Whip Syndicate
CoLorapd Eprines
Col
Broadmoor Land and Investment Company
International Trust Company
Denver
London
Fourth National Bank
Marshalltown
Ions
Hamilton County State Bank
Webster City
Bacteronts
Valentine Iron Company
Gardiner & Warring
East Liverpool
Barrett Scott
Traurer
Holt County
Josiah Morris & Co
B. Trimble & Co
Cincinnati
May Bros. & Co
Puaski
Citizens’ Bank
Commercial Bank and Trust Company
Rutano
S. M. Door & Sons
Bristol
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