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BANK EXAMINER WAS NAMED AS RECEIVER Washington, Oct. 7-The comptroller of the currency has appointed the national bank examiner receiver of the Peoria, III., National bank on receipt of telegram from the directors announcing they had closed the doors of the bank. When the news of the National bank closing was given out the depositors flocked to the Dime Savings bank, where Dougherty is a heavy stockholder, and a heavy run followed. Dougherty said everybody would be paid.
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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 FAILS Peoria National Closed Its Doors This Morning A RUN MADE ON DIME SAVINGS BANK Peculations of Peoria's Superintendent of Schools Theraten Financial Ruin to Thousands. PEORIA, Ills., Oct. 7.-The Peoria National bank, of which Prof. Dougherty was president, failed to open its doors this morning. A run on the savings bank in interested is which Dougherty started today. The bank took advantage of the 30-day rule.
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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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TELEGRAPHIC BREVITIES. A run W8S started on the Dime Savings Bank, of Peoria, Ills., shortly before noon today. The bank has taken advantage of the 30 day notice law on all except check account. Information came from a good source in New York today that if James H. Hyde, Thomas D. Jordan and William H. McIntyre all formerly of the Equitable Society, persist in refusing to come within the jurisdiction of the insurance investigating committee, the members of the committee will take means to make their banishment permanent. While Mrs. Ernest L. Arnold, of Pawtucket, R. I., was dressing her hair with a celluloid comb friction caused the celluloid to ignite.
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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 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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DEPOSITORS SAFE. Peoria, Oct. 7.-Cashier Spring of the Peoria National Bank which was closed today, made the following statement: "Every depositor will be paid in full and the stockholders will receive a good return. We had offers from other banks to take over our business but we decided to liquidate." When the news that the Peoria National Bank had closed, had spread, depositors flocked to the Dime Savings Bank, in which Dougherty was a heavy stockholder. At noon the bank was experiencing a run. At 1 o'clock the sixty days notice was posted. The bank is thought to be safe, having $400,000 cash on hand.
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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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Quiet After Financial Storm. Peoria, III., Oct. 9.-Calm has succeeded the financial storm that stirred the city last week, and ended with the incipient run on the Dime Savings Bank. This morning the bank is carrying on its business as usual. The grand jury will probably not assemble until this afternoon. When they do meet, it is considered very probable a demand will be made that N. C. Dougherty's bond be increased. C. N. Bosworth, receiver for the Peoria National Bank, took active charge of affairs this morning. He refused to say anything further than that as soon as possible he would make a detailed report of the financial condition of the bank.
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PEORIA, ILL, October &-The arrest of Newton C. Dougherty, in this city, on the charge of forgery follows surprising revelaDons by the Grand July, which has been ex antining the books of the Peoria School Board. " this a comparatively brief space of time a shoulage of $75,000 was discovered, but the further discovery was made that the peculaTIMES have been extending over a long term of years. The shortage will reach hundreds of thousands of dollars. Dougherty was arrested on the street and taken to the office of the Sheriff, where be gave $3000 bail. with Kliot Callendar and H. 16. Dougherty, son of the accused, as sureties. Dougherty has been City Superintendent of Schools for twenty five years. He is wealthy, is president of the Pedria National Bank and is at heavy stockholder in the Dime Saving and Trust Company, the Title and Trust Company, the Peoria Livery Company and other con cerus. He is a trustee of the fund of $175,000 held by the National Educational Association and is a past president of the association. He is a close friend of Nicholas Murray Butler, pres ident of Columbia University of New York, and has been for years regarded as one of the foremost educational men in the country. Shortly before the arrest, and when it was known that he would be apprehended, Dough. erty said that if the investigation showed a mortgage he would make it good. He said that be would stay right here in Peoria: that it was here that he had been honored. and here he would stand trial. He was seen immediately after his arrest, but declined to make any further statement for publication. This afternoon he sent in his resignation as president and director of the Peoria National Bank. The charge upon which be was arrested was forging a voucher for $164.50 for coal, al. leged to have been delivered for school purposes, but which was not delivered. The date of the voucher was March 7, 1903. Later in the day he tendered his resigna. tion as superintendent of schools and as director in the various commercial institutions with which he was connected. PEORIA, ILL, October U-A total of 13 indictments have thus far been returned against Newton C. Dougherty. Ten of them are for embezzlement and three for forgery. Forty more are being drawn by the State's Attorney. It was announced from that office today that the total would reach more than 200. The bail required for those thus far returned is $12,700. While Newton C. Dougherty is being show. ered with messages of sympathy and esteem, the bank clerk who revealed his irregularities, involving thousands of dollars of public funds, has been summarily dismissed by the bank officers. 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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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.