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Bank Failure in Ohio. Sidney, O., Aug. 24.-The German American bank, the oldest financial institution in Sidney, was today placed in the hands of a receiver, the bank being unable to meet its obligations as they became due. Liabilities, half million; assets $200,000.
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OHIO BANK GOES INTO A RECEIVER'S HANDS. SIDNEY. Ohio, Aug. 24.-The German American bank, one of the oldest financial institutions in Sydney, was today placed in the hands of a receiver. The liabilities are over $250,000 and its assets $200,000. Later. F. B. Reed. cashier, and John M. Wagner, president, made individual assignments.
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BANK FAILURE. Was the Oldest Financial Institution in Sidney, Ohio. Sidney, O., Aug. 24.-The German American Bank, the oldest financial institution in Sidney, was today placed in the hands of a receiver. The liabilities are $250,000; assets, $200,000. Later F. B. Reed, cashier, and John M. Wagner, president, made individual assignments.
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Bank Fails at Sydney, O. Sydney, O., Aug. 24.-The German American bank, the oldest financial institution in Sydney was today placed in the hands of a receiver. Liabilities $250,000; assets $200,000. Later F. B. Reed, cashier, and John M. Wagner, president, made individual assignments. Peter Wagner, father of John H. Wagner, and a large stockholder also assigned.
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The German-American Bank of I Sidney, 0., goes into a receiver's hands.
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Ohio Bank Fails. On application of Frank B. Reed, the cashier, the German-American Bank, the oldest financial institution in Sidney, O., was placed in the hands of a receiver. The bank has a capital stock of $73,000. The liabilities are estimated at $250,000 and the assets at $200,000.
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OHIO BANK FAILURE. Didest Institution at Sidney Goes to Wall With Liabilities $500,000, Asses $200,000. Sidney, O., Aug. 26.-The GermanAmerican bank, the oldest financial institution in Sidney, was today placed in the hands of a receiver. The bank was unable to meet its obligations as they became due. The liabilities are $500,000, assets $200,000.
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A. P. Cary, of Sidney, has succeeded James Bailey as manager of Reed's Cottage resort at Lewistown reservior. Mr. Cary has been appointed to the place by the receiver of the German American bank, at Sidney. He says that while the stockholders may lose their stock the depositors in the defunct bank will undoubtedly be paid in full. The resort will not be closed.
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The attorney for the receiver of the German-American bank at Sidney, announces that by adding to the assets of the bank, the property of the stockholders, it is believed that a dividend of 25 per cent. can be paid, provided that it is carried forward without delay and without expensive and prolonged law suits.
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SPECIALS. Wapakoneta, O., Sept. 15.-A report that the Boesel Bank at New Bremen had lost $40,000 as a result of the failure of the German-American Bank at Sidney and that it was about to go under caused a iun to be made on the bank today. When the depositors went to the bank they found a pile of money awaiting them and the run was soon stopped. The Boesel bank is one of the strongest in this part of the country. Marysville, Ohio, Sept. 19-The assignment of ministers is causing much discussion. The Williams street church, Delaware, wants either Rev. C. R. Havighorst. of Findlay, or Rev. R. D. Hollington, of Kenton, but both will probably be returned to their old charges. The Marysville church wants Rev. A. E Smith, of Marion, and it is understood that he will leave the Conference if he is sent to Marysville. The Marysville church offers him $1,500. Kenton Epworth League church have a delegation here, who ask that Webster T. Stockstill be changed. He has been there seven years and as it is his first charge, they think he should be changed to reap a benefit of experience. It is said that this church would like to have Rev. Jesse Swank, of Bellefontaine, for pastor. Washington, September 18.-Pending an investigation of the case, State Department officials are disposed to treat as a fraudulent scheme to obtain money the information which press reports from Pasadena, Cal., state has come to a relative of Congressman McLachlan, of California, of the reported death of Louis Blaisdell in a Spanish hospital and the detention of his fourteen-year-old daughter in a convent at Arajuez. According to the views of the department officials, the reports bear the earmarks of a gang of imposters who have operated at various places in Spain for a long time and who have obtained sums of money from foreigners who have believed the representations made to them. The customary practice of these imposters is to report that a parent has died. leaving a confession with a priest and a young daughter in his charge, and the information is conveyed that a certain amount of money is required to obtain access to, or data concerning the location of a fortune which the decedent is alleged to have left to a supposed relative in a foreign country. The story is an old one to the department and they have constantly warned the public against being duped by this and similar schemes. The request of Mr. McLachan, acting in behalf of his relative, that an investigation of the facts in the case be made by the State Department, has not yet reached Washington, but as soon as it does it will be taken into consideration. Charles Humphreys, the foundry man, recently received a communication from the gang and turned the letter over to the authorities.
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To allow the filing of a bankruptcy petition the Federal Court at Cincinnati was opened after 9 Monday night. The petition filed is an echo of the sensational failure of the GermanAmerican Bank at Sidney, 0, August 24. Judge Van Deman, of Dayton, Ohio, filed the petition on behalf of Edward E. Burckhardt, executor; Morris M. Line and Lena Robertson, who were patrons_of the bank. They alleged that the liabilities of the bank amount to more than $700,000, while the assets will be less than $200,000. They also stated that the bank was a partnership concern, and asked that the copartners be declared bankrupts, that their assets might be used to pay the creditors. There are 28 partners in the bank. Those holding the largest interests were John H. Wagner, Anna M. Wagner, Peter Wagner, H. C. Wagner, F. D. Reed, J. E. Bush, Daniel Dickens, Mary Linder, B. C. Epler, William Shine and a number of others. Judge Thompson set the preliminary hearing for Friday morning, when the matter of appointing a receiver will be brought up. The failure of the bank created a sensation in Sidney and a large number of people in that locality sustained heavy losses. The partners own considerable property. The creditors will try to get possession of all of it to reimburse themselves.
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The safety deposit vault at the German-American bank is locked and unable to be opened by the safe appliances. The business of the bank affairs being transacted by the temporary receiver will not be stopped on account of the break of the ""safe.-Sidney News