File:The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York (1913) (14781359631).jpg

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Identifier: progressofempire01cona_0 (find matches)
Title: The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York
Year: 1913 (1910s)
Authors: Conant, Charles A. (Charles Arthur), 1861-1915
Subjects:
Publisher: New York : The Progress of the Empire State Company
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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ed.There was nothing to do but to comply with this demand.New officers were appointed, and the institutions endeavoredto continue doing business. On Monday night, October21st, however, application for aid was made to the ClearingHouse Committee by the Knickerbocker Trust Company,the third largest trust company in New York, havingdeposits of nearly $60,000,000. It developed that itsassets were to a considerable extent locked up in enterpriseswhich could not be immediately liquidated, and that thepresident had been in close business relations with thecontrolling spirits in the National Bank of North America.The National Bank of Commerce, which attended to theclearings of the Knickerbocker Trust Company, findinga heavy unsettled balance against the company, refused toclear for it, and, after a run in which about $8,000,000 werepaid out, the company, on October 22d, closed its doors. The next morning began a run upon the Trust Companyof America, also having deposits of nearly $60,000,000,
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  • bookid:progressofempire01cona_0
  • bookyear:1913
  • bookdecade:1910
  • bookcentury:1900
  • bookauthor:Conant__Charles_A___Charles_Arthur___1861_1915
  • bookpublisher:New_York___The_Progress_of_the_Empire_State_Company
  • bookcontributor:Columbia_University_Libraries
  • booksponsor:The_Durst_Organization
  • bookleafnumber:441
  • bookcollection:durstoldyorklibrary
  • bookcollection:ColumbiaUniversityLibraries
  • bookcollection:americana
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30 July 2014
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This image was originally posted to Flickr by Internet Archive Book Images at https://flickr.com/photos/126377022@N07/14781359631. It was reviewed on 8 October 2015 by FlickreviewR and was confirmed to be licensed under the terms of the No known copyright restrictions.

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