People's Bank (Logan, OH)

Episode Information

Episode UID
1802080591216
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
180208059 hash
Start Date
April 4, 1901
Location
Logan, Ohio (39.538, -82.406)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9bc5abd09f4935cf

Response Measures

None

Description

Articles describe an ongoing receivership with the receiver accused of misappropriating all funds; no reopening mentioned.

Events (3)
1. April 4, 1901 Receivership
Newspaper Excerpt
The People's Bank Receivership case is being heard in Court today
Source
newspapers
2. August 1, 1901* Other
Newspaper Excerpt
The Receiver collected over $7,000 and spent it all himself and did not pay a creditor a cent
Source
newspapers
3. December 18, 1902 Other
Newspaper Excerpt
A protest of the voters ... against the self-assumed bossism of Receiver Sands
Source
newspapers

Newspaper Articles (3)
1. April 4, 1901 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, April 4, 1901

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Article Text

Messrs Dud McCornick Arthur Murphy of Columbus are home for the spring vacation. The People's Bank Receivership case is being heard in Court today A lot of choice meat, recently r taken from cold storage is now on sale at Ucker's Meat Market. It r is first class. The Orchestra Easter Ball will be on Monday night next, beginning at 8:30 oclock, frivilous rumors to the contrary. Theatre train for Columbus, Saturday April 6th, with special return train. Tickets good going on all trains, $1.00 round trip. Mrs. Sarah Weaver and Mrs. William Weaver and little daughter, all of Columbus, are the guests, of Mr. and Mrs. William Waner. Dan Quinlan the best interlocator in the United States, will be with the Al. G. Field Minstrels at Opera House, next Monday night. Mrs. Alice Shively, of McArthur was a delegate to the L. O. T. M. convention here Tuesday, and visited friends, returning Wednesday. John Robison's circus is billed for Lancaster on May 3rd. Lets have a good circus or two in Logan this summer and stir up our dry bones. FOR RENT.-The Dr. Dye homestead, office, and barn. A very suitable location for a professional man. Call on or address, W. J. Frasch, Logan, O. Mrs. Rebecca Kreider, mother of Emmitt Kreider and sister of Col. Weldy, aged 80 years, died in Columbus Monday and was buried at Fairview Wednesday. Coon Reiohley, of Benton, stormed in upon us Friday and dropped his coin for a year's subscription. Coon carried home the official ballots for the spring election. The bean guessing contest will close at Harrington's on April 15 Register your guess, and perhaps secure $5.00 worth of the finest S wall paper on sale in Logan. f P Lovers of Minstrelsy, will have c an opportunity of enjoying a t hearty laugh if they attend the Al. G. Field Minstrels at Opera V t House, Monday night, April 8th. S Mrs. Emma D. Steele, of McJ Arthur, was the guest of her S cousin, Mrs. W. P. Heft, and othr er friends over Thursday, and att tended the L. o. T. M. convention. Special Easter services at the e Presbyterian church at 10:80 A. T M. and 7 P, M. Special music. All welcome. In the morning there p er will be a public reception of new members and at 7 P. M. an Easter g in ervice by the Sunday School. to Our friend J. A. McClelland, of u outh Perry was in Logan one day W ast week to file his final account ec S administrator of the Fetherolf in state. Mr. McClelland made our or anctum his usual friendly call. er His friendship to us is indeed a m right star in the too oft smoky oiourn through this life. in

2. August 22, 1901 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, August 22, 1901

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Article Text

that Col. Sands was District Judicial Committeeman, and Johnson needed the Colonel very badly in his business. We are not charging that Johnson was unduly influenced in his official orders, but this dependence upon Sands made him very friendly and very liberal, as the order of the court plainly portrays. Judge Johnson being defeated Judge O. W. H. Wright ascended the judicial bench and having been trustee in the first assignment of the People's Bank he could not receive the filing of any accounts of Sands; Judge Slough being in poor health the matter was put off from year to year, and at last Slough came down to hear some other matters, and when "at chambers" signed another prepared order for Sands; at least the attorneys for the creditors heard no noise of the case in open court, SO it must have been signed "in chambers." Judge Slough it seems merely had regard enough for Judge Johnson's orders to bear them out, and as Sands probably claimed much to be settled yet and vast litigations in progress, the quickest way for Slough to get rid of the trouble was to continue the Receivership indefinitely, and accept his partial account. Judge Slough went slowly down to death, and Colonel Sand kept right on drawing his $50.00 per month off of the poor people, for doing nothing The matter drifted on and Judge Reeves came on the bench and just last month was able to take time from his Fairfield busy court to come down here and hear Sand's last account filed, and he found a sorry condition. The majority of the vast sum of $7,115.65 that Sands had received had been appropriated by himself under the former order of Judge Johnson, and but $47.00, less than a month's salary for the Receiver, remained in the pot. Nothing was left for Reeves to do, so he buckled on his best front and ordered Sands to go down in his "own pockets" where he had put the people's money, and pay out about $600.00 costs and attorney fees, and to keep the rest, and thus close the great drama. The Receiver's last account as such, 18 entered and having been appointed for the benefit of the creditors of the People's Bank, he collected over $7,000, and spent it all himself and did not pay a creditor a cent according to his own testamony. Is it much wonder that the creditors, hundreds of them, are up in arms against such robbery, and are condemning Col. Sands for such rottenness, and condemning the Republican party for permit-

3. December 18, 1902 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, December 18, 1902

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Article Text

ignation of Mr. Williams; another vacancy occured in the Sand Run precinct by the alleged removal of Mr. Laverty to Athens county another vacancy occured in the Second ward of Logan by the death of Dr. Blosser. All these vacancies were filled in the manner provided by the Central committee under a resolution unanimously adopted, authorizing the chairman and secretary of the committee to fill all vacancies. The writer of the letter referred to charges that the defeat of part of our county ticket and the scratching of General Grosvenor was due to a few persons who "used their greatest efforts to take from General Grosvenor what votes they could for the purpose of humiliating him and with the hope of advancing their own personal interests." This is not true. Two Republicans in Logan, who claimed to have a personal grievance, worked openly against him and no doubt secured some votes. But the loss of part of our county ticket and the loss of votes to General Grosvenor is due to an entirely different cause. IT WAS A PROTEST OF THE VOTERS OF THE REPUBLICAN PARTY AGAINST THE SELF-ASS SUMED BOSSISM OF RECEIVER SANDS. e This man collected as Receiver of the People's Bank of Logan e about seven thousand dollars, and by virtue of orders of the court, secured upon his statements, used t the entire amount in alleged exd penses and fees, so that not one e penny ever reached the creditors of the bank. This was money deposited in the bank by the men, women, children, widows, orphans and estates of the people of this e locality, and when he became treasurer of the Republican committee and assumed to dictate its candidates and policy, the people rebelled. Before you finally make up your S mind in this matter, Iearnestly request you to come to Logan and fully investigate these charges. The attempt to make General y Grosvenor an issue in this matter to bolster up himself will not deceive any one. No one in this county is a more loyal supporter of General Grosvenor than I am. With reference to the resolution