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Ohio Bank Closes By Associated Press. CANTON, Ohio, May 25.-The People's Deposit bank of Mineral City, Ohio, closed its doors today. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State bank yesterday. Directors of the Mineral City say it may resume business in a day or two.
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Ohio Firm Fails. Canton, Ohio, May 26.-The People's Deposit bank of Mineral City, Ohio, has closed its doors. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton state bank yesterday.
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ANOTHER OHIO BANK CLOSES Canton, Ohio, May 25.-The people's Deposit bank of Mineral City, Oh'o. closed today. The president of the institution says loans of $50,000 were made by the bank to W. L. Dav's of Canton. whose heavy loans are said to have caused a suspension of the Canton state bank yesterday,
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CANTON FAILURE CLOSES BANK. Another Institution Made Heavy Loans to Accused Official. Canton, Ohio, May 25.-The People's Deposit Bank of Mineral City closed its doors to-day. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis, of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank yesterday. Directors of the Mineral City Bank say it may resume business in a day or two.
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Ohio Bank Failed. The People's Deposit Bank of Mineral City, Ohio, closed its doors yesterday. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank yesterday. Directors of the Mineral City Bank say it may resume business in a day or two.
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Another Canton Bank Falls. Canton, O., May 26.-The People's Deposit Bank, of Mineral City, O., has closed its doors. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis, of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank. Directors of the Mineral City Bank say it may resume business in a day or two.
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Suspension of an Ohio Bank. CANTON, Ohio, May 25.-The People's Deposit Bank of Mineral City, Ohio, closed its doors to-day. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank yesterday. Directors of the Mineral City say it may resume business in a day or two.
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Ohio Bank Closed. Canton, 0., May 25.-The People's Deposit bank of Mineral City, O., closed its doors today. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State bank yesterday. Directors of the Mineral City bank say it may resume business in a day or two.
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Canton, O., May 25.-The People's Deposit bank of Mineral City, O., closed its doors today. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis, of Canton, whose heavy loans are said to have caused the suspension
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Another Ohio Bank Fails. Canton, O., May 26.-The People's Deposit bank of Mineral City, O., closed its doors during the day. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State bank Wednesday.
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POWER IS GIVEN TO REOPEN BANK ACTION TAKEN IN CLOSED MINERAL CITY CONCERN. President Wilson Defends W. L. Davis-Assistant Cashier's AIleged Doings-Four Parties Declared Bank rupt. A lively and intersting meeting of the depositors of the closed People's Deposit bank at Mineral City was held. As a result, an amendment was offered and passed giving to the trustees discretionary power to open the bank again for regular business or close and settle with the depositors in the earliest possible time. The reopening proposition considered the issuing of three-year certificates of deposit to the creditors bearing 3 per cent interest. In that time it appeared hopeful that business would be on a. good, sound financial basis. The receiver proposition does not meet with the approval of the majority, being altogether too expensive and too tedious a process. The depositors named the trustees, who are as follows: Edward C. Brick, C. E. Sattler and Michael Mowls, the last named a citizen of Waynesburg. The trustees will meet Friday and decide the question of reopening. President T. E. Wilson was one of the speakers and said some blamed him for the wreck and ruin, and very unjustly. He wasn't inclined to censure Vice President Davis so severely as some do, believing that Davis has money tied up in his coal lands which under other conditions would repay the banking institutions dollar for dollar on his irregular loans. Mr. Wilson said he asked no position of trust in the reconstruction they contemplated. He only asked to help them to the extent of his abilities share with the other depositors in the final settlement. Much indignation is alleged to be expressed among certain depositors against E. G. Gensamer, who was assistant cashier at the time of the bank's closing. Gensamer is charged (right or not) with knowing the bank's condition and tipping certain of the depositors in advance, enabling them to withdraw their funds before the doors were closed. Gensamer obtained a license in probate court Wednesday to marry Miss Bierly, Mineral City. It is Miss Bierly's relatives Gensamer is charged with having tipped. The assistant cashier's prospective fatherin-law and others of the Bierly family withdrew their money in safety is the story that is told in Mineral City. Gensamer was in Canton, SO it is said, when he sent them the alleged warning. He has found the little town rather an unpleasant place since these suspicions have been talked openly and is leaving the town for another location. DECLARED BANKRUPTS. Referee in Bankruptcy A. M. McCarty has declared the Cleveland Brick Co., the Davis Railroad and Coal Co., the Mineral City Supply Co. and W. L. Davis, individually, bankrupt. Mr. McCarty passed on the cases in the absence of Judge Taylor of the United States district court. Notice has been given the bankrupts to file schedules of assets and liabilities within ten days. Creditors will then be notified, and a meeting held at which trustees will be elected.