287801270 28780
national
f56ca43e4f36e671Capital injected, Full suspension
Other: The bank president turned over his private fortune and securities worth $200,000 to the bank to cover shortages.
Clearinghouse involved: Yes (loan, examination, or other measures)
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BANK FAILS AS RESULT OF DOUGHERTY INVESTIGATION A associated Press Peoria, III., Oct. 7-The Peoria National bank closed its doors today as a result of the Dougherty investigation. A dime savings bank in which Dougherty is a large stock-holder experienced a run today but paid all depositors.
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RUN ON PEORIA BANK. Depositors Find Doors of the National Closed-Savings Bank Safe. Peoria, Ill., Oct. 7.-Early today a large number of depositors appeared at the Peoria National Bank, but the doors were closed, and the Dime Savings Bank, in which Dougherty is a large stockholder ,experienced a small run today, but out paid all depositors. The directors announce that they have plenty of funds to meet all demands.
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DOUGHERTY'S BANK CLOSES ITS DOORS (Scripps News Association.) PEORIA, III., Oct. 7.-The Peoria National bank, of which Dougherty was president, failed to open this morning. The run on the Dime Savings bank, in which Dougherty was interested, started again. It has taken advantage of the 30-day rule.
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BANK CLOSES DOORS. Peoria, III., Failure Caused by Alleged Wholesale Peculations. Peoria, III., Oct. 7.-The Peoria National bank, of which Newton C. Dougherty was president, did not open its doors this morning. The directors last night decided to ask for a receiver. Loss of confidence, caused by the alleged wholesale peculations of Dougherty, was the reason for the action.
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PEORIA BANK CLOSES DOORS TO STOP RUN Directors Realized That Depositors Would all Withdraw OFFICIAL'S INDICTMENT ON MANY COUNTS FOR FORGERY LEAVES INSTITUTION IN A SHAKY CODITION-COMP. TROLLER PLACED IN CHARGE. Peoria, Ill., Oct. 6.-At a meeting of the directors of the Peoria National bank late tonight, it was unanimously voted to close the institution and ask the comptroller to take charge. Since the indictment of N. C. Dougherty, until yesterday the president of the bank, on many counts for fergery, hundreds of depositors have withdrawn their acounts and this caused the action of tonight. It was admitted at the directors meeting that a disastrous run was inevitable tomorrow, and as a proffered loan of $100,000 by the Pecria Clear-
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SUFFER THROUGH DOUGHERTY (By Associated Press.) Peoria, Oct, 7.-The Peoria National bank closed its doors today as the result of the Dougherty investigation last night, The Dime Savings bank, In which Dougnerty is a harge stockholder. ex.. perienced a run today, but paid all depositors,
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PEORIA BANK CLOSES. Was Forced to Suspend by Dougherty Developments. Peoria, Oct. 7.-At a meeting of the directors of the Peoria National bank late last night it was voted to close the doors of the institution and ask the comptroller to take charge. Since the indictment of N. C. Dougherty, until yesterday president of the bank, on many counts, hundreds of depositors have withdrawn their accounts, and this caused the hasty action.
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PEORIA BANK CLOSED. As Result of Dougherty Investigation. Run on Dime Savings Bank. Peoria, Oct. 7.-Peorta National bank closed its doors today as a result of the Dougherty investigation, last night. The Dime Savings bank in which Dougherty is a large stock holder, experienced a run today, but paid all depositors.
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ONE HUNDRED INDICTMENTS AGAINST PEORIA BANKER PEORIA, III., Oct. 7.-The Peoria National bank, of which Newton Dougherty, the indicted school superintendent, was president, did not open for business today, pursuant to a decision of the directors reached at midnight. Dougherty has turned over his private fortune to the bank. It is expected that Dougherty will be lodged in jail this afternoon when he has been arraigned on 87 additional indictments. He has turned over securities worth $200,000 to cover the alleged shortages. He may not be able to raise bail. He has already given bail on thirteen charges. He does not deny his guilt. His friends advance the kleptomania theory. National Bank Examiner Bosworth was appointed receiver of the institution. Runs were started this afternoon on the Dime Savings bank and the City National bank.
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DECIDED NOT TO OPEN The Peoria National Bank, of Which N. C. Dougherty Was President, to Go Into Liquidation. Peoria, Ill., Oct. 7.-As a direct result of the indictment of N. C. Dougherty for forgery, the directors of the Peoria national bank, of which he was president, announced shortly after midnight that they decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable, and the only recourse was to liquidate at once. The loan of $100,000 by the Peoria clearinghouse was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in neighboring towns. The bank was capitalized at $200,000.
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BANK FAILS AS RESULT OF DOUGHERTY INVESTIGATION Associated Press Peoria, III., Oct. 7-The Peoria National bank closed Its doors today as a result of the Dougherty investigation. A dime savings bank in which Dougherty is a large stock-holder experienced a run today but paid all depositors.
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BANK DECIDES TO CLOSE. Dougherty Scandal Causes Peoria National to Go Into Liquidation. As a direct result of the indictment of N. C. Dougherty at Peoria, III., for forgery Thursday, the directors of the Peoria National Bank, of which he was president, announced shortly after midnight Friday morning that they had decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable Friday and the only course was to liquidate at once. The loan of $100,000 by the Peoria clearing house was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in the neighboring towns.
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DECIDED NOT TO OPEN The Peoria National Bank, of Which N. C. Dougherty Was President, to Go Into Liquidation. Pecria, Ill., Oct. 7.-As a direct result of the indictment of N. C. Dougherty for forgery, the directors of the Peoria national bank, of which he was president, announced shortly after midnight that they decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable, and the only recourse was to liquidate at once. The loan of $100,000 by the Peoria clearinghouse was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in neighboring towns. The bank was capitalized at $200,000.
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DECIDED NOT TO OPEN The Peoria National Bank, of Which N. C. Dougherty Was President, to Go Into Liquidation. Peoria, III., Oct. 7.-As a direct result of the indictment of N. C. Dougherty for forgery, the directors of the Peoria national bank, of which he was president, announced shortly after midnight that they decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable, and the only recourse was to liquidate at once. The loan of $100,000 by the Peoria clearinghouse was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in neighboring towns. The bank was capitalized at $200,000.
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DECIDED NOT TO OPEN The Peoria National Bank, of Which N. C. Dougherty Was President, to Go Into Liquidation. Peoria, Ill., Oct. 7.-As a direct result of the indictment of N. C. Dougherty for forgery, the directors of the Peoria national bank, of which he was president, announced shortly after midnight that they decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable, and the only recourse was to liquidate at once. The loan of $100,000 by the Peoria clearinghouse was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in neighboring towns. The bank was capitalized at $200,000.
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DECIDED NOT TO OPEN The Peoria National Bank, of Which N. C. Dougherty Was President, to Go Into Liquidation. Peoria, III., Oct. 7.-As a direct result of the indictment of N. C. Dougherty for forgery, the directors of the Peoria national bank, of which he was president, announced shortly after midnight that they decided to discontinue business and would call in the comptroller of the currency to wind up the affairs of the institution. The meeting of directors lasted all evening behind closed doors. It was admitted that a disastrous run would be inevitable, and the only recourse was to liquidate at once. The loan of $100,000 by the Peoria clearinghouse was tied up in such wise that it could not be accepted. It was learned that quiet withdrawals from the bank had been going on all day, most of the calls coming from banks in neighboring towns. The bank was capitalized at $200,000.
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Last Saturday the Peoria National Bank, of which Dougherty was president, closed its doors and was placed in the hands of a receiver, and the Dime Savings Bank, with which he is also connected, posted the 60 day sign.
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RECEIVER FOR DOUGHERTY BANK Carthage. III., Oct. 17.-State Senator 0. F. Barry, president of the Dime Savings bank, today was appointed receiver for the National bank of Peoria.
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Receiver for Peoria Bank. Carthage, Ill., Oct. 18.-State Senator O. F. Berry, president of the Dime Savings bank, yesterday was appointed receiver for the National Bank of Peoria.
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Receiver Appointed. Carthage. III., Oct. 19.-State Senator O. F. Berry, president of the Dime Savings bank, has been appointed receiver for the National bank of Peoria
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Receiver for Peoria Bank. Carthage, Ill., Oct. 18.-State Sen-ator O. F. Berry, president of the Dime Savings bank, yesterday was appointed receiver for the National Bank of Peoria.
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Receiver for Wrecked Bank. Peoria, Ill., Oct. 19.-State Senator O. F. Berry, of Carthage, has been named receiver for the Peoria National bank, which was wrecked and forced into the comptroller's hands by the troubles of School Superintendent N. C. Dougherty.
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Depositors of the wrecked Peoria National Bank at Peoria, III., have been paid in full by the receiver, who will also make an interest payment.