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AN OHIO BANK CLOSES ITS DOORS. Willoughby, Ohio, Sept. 10-The bank of Willoughby failed to open today. The suspension is said to be the direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed yesterday in Cleveland, its debts aggregating a million dollars. The bank held much of the Mexican company's paper.
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Bank Smash. WILLOUGHBY, Ohio, Sept. 10.The Bank of Willoughby falled to open today. The suspension is said to be the direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed yesterday in Cleveland, its debts aggregating millions of Jollars. The bank held much of the Mexican company's paper.
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Bank Failed to Open. Willoughby, O., Sept. 10.-The Bank of Willoughby failed to open today. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company, for. which a receiver was appointed late yesterday in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities nas as yet been given out.
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AN OHIO BANK DRAWN UNDER. Willoughby, Ohio, Sept. 10.-The Bank of Willoughby failed to open to-day and a notice of suspension was posted on the door of the banking room. The suspension is said to be & direct result of the failure of the Mexican Clay Manufacturing Company. The bank held much of the Clay company's paper. It is estimated that the assets will amount to $250,000 and the liabilities to $200,000. The bank was a private concern, owned by 8. W. Smart. The Citizens' Savings and Trust Company. of Cleveland, has been appointed receiver.
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OHIO BANK HAS CLOSED. Willoughby, O., Sept. 10.-The Bank of Willoughby failed to open to-day and a notice of suspension was posted on the door to the banking room. No statement of the bank's assets and liabilities has as yet been given out. The Citizens' Savings and Trust Company of Cleveland has been appointed receiver.
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Willoughby Bank Involved. Cleveland, Sept. 12.-The assignment of the bank of Willoughby, the only financial institution in the neighboring Lake county village, probably completes the havoc wrought by the embarrassment of Raymond Penfield's enterprises. Penfield formerly lived in Willoughby. His father, J. W. Penfield, was the richest man in the town. The bank made an assignment be. cause it held some of Penfield's paper as collateral. Its liabilities are $200.000 and its assets a quarter of a million. Penfield made a personal as signment and also assigned the property owned by Penfield & Sons. Do positors in the bank asked to have S. H. Smart, the president and cashier, declared a bankrupt. Smart says the bank will pay dollar for dollar.
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Failed to Open. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open Thursday. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company for which a receiver was appointed late in Cleveland. The bank held much of the Mexican company's paper. No statement has been given out. The Citizens Savings and Trust company of Cleveland was appointed receiver.
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BANK FAILS TO OPEN. Suspension a Direct Result of Another Failure. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open during the day and a notice of suspension was posted on the door to the banking room. The suspension is sai to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed Wednesday in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as yet been given out.
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Ohio Bank Fails. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open Thursday and a notice of suspension was posted on the door to the banking room. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed late Wednesday in Cleveland, with debts aggregating $1,000,000. It is estimated that the bank's assets will amount to $250,000, and liabilities, $200,000.
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Ohio Bank Suspends. Willoughby, O., Sept. 11.-The bank of Willoughby has suspended. The Citizens Savings and Trust company, of Cleveland, has been appointed receiver. It is estimated that the assets amount to $250,000 and liabilities $200,000. The bank was a privato concern, owned by S. W. Smart.
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Ohio Bank Closes With Debts of $1,000,000. The Bank of Willoughby, Ohio, failed to open its doors Friday, and a notice of public suspension was posted on the door to the banking room. The suspension is said to be a direct result of the failure of the Mexican Manufacturing company for which a receiver was appointed with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as yet been given out. The Citizens' Savings and Trust company, of Cleveland, has been appointed receiver.
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Bank Suspends. Willioughby, O., Sept. 11.-The Bank of Willoughby failed to open Thursday and a notice of suspension was posted on the door to the banking room. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed late Wednesday in Cleveland, with debts aggregating $1,000,000.
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THE NEWS IN BRIEF. For the Week Ending September 12. Two severe earthquake shocks were felt in Portland, Ore. France has ordered a squadron to prepare to sail for Turkish waters. All but 14 buildings in the village of Eustis, Me., were destroyed by fire. A carload of powder exploded near Beaumont, Kan., killing three men. The McKinley memorial statue at Adams, Mass., will be unveiled October 3. Mr. and Mrs.J. C. Bennett, prominent people, were killed by the cars at Cleveland, O. Earthquake shocks were felt in Bowlder, Loveland, Longmont and Fort Collins, Col. Weekly reviews of trade say there is increasing activity in nearly all lines of business. A special train on the Baltimore & Ohio road made a run of 128 miles in 125 minutes. Rear Admiral Casey has been retired on account of age, after nearly 47 years active service. The bank of Willoughby, 0., failed with estimated liabilities of $200,000 and assets of $250,000. A cyclone wrecked several houses at Quincy, III., and Mrs. John Schnelzle was fatally injured. Tolstoi celebrated his seventy-fifth birthday with his family at Tula, Russia, in good health. Representatives of 100,000 organized railway employes have begun movement for increase in wages. Maj. Delmar, king of geldings, broke his own record at Syracuse, N. Y., trotting a mile in 2:0041/4. Secretary Shaw is having prepared a "blacklist" of national banks that are reducing their circulation. Olin Knight, pugilist, died from injuries received in a six-round bout with Grif Jones at Philadelphia. The fifty-third anniversary of the admission of California in the union was observed throughout the state. Arthur Amioson, a Pittsburg (Pa.) private banker, is missing, and depositors claim they are out $40,000. At Lincoln, Neb., Cresceus, the trota ting stallion, broke all records for half-mile track, going a mile in 2:081/4. A United States gunboat seized three islands off the coast of British North Borneo and England raises objection. New York athletes captured the national championship of American Amateur Athletic union at the Milwaukee meet. A ten-inch wire gun in a trial at Sandy Hook fired shots at a velocity of 2,500 feet a second, practically the world's record. Ohio democrats opened the state campaign at Akron, Tom L. Johnson, candidate for governor, being the principal speaker. Fire which originated in the large stable of the Allegheny (Pa.) Transfer company caused a loss of $263,000. Sixty horses were cremated. Mayor Seth Low has been selected to leaad the fusion fight against Tammany Hall in New York, and the old fusion ticket was nominated. "Uncle" Finney, an ex-slave, over 90 years old, who lived on a farm near Richmond, Va., was charged with being 1 sorcerer and shot to death. The government crop report for September 1 indicates an increased yield of corn and a decline in the percentage of condition of wheat and oats. It is proposed to elevate the American legation at Constantinople to an embassy, in order to avoid delays in treating with the sultan of Turkey. The schooner Fielding rescued seven men and one woman from the bottom of an overturned ship near Port au Prince. Nine of their companions were drowned. Miss Alice Roosevelt, daughter of the president, went down in the submarine boat Moccasin at Newport, being the only woman 80 far known to do so. Forty-five New Jersey corporations, with a total capitalization of over $80,000,000, are reported to have passed into the hands of receivers during the last year. The home of Fred Roher, editor of the Berne (Ind.) Witness, was almost entirely demolished by dynamite. Roher's paper has been leading the opposition to licensed saloons. THE MARKETS
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Ohio Bank Fails. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open Thursday and a notice of suspension was posted on the door to the banking room. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed late Wednesday in Cleveland, with debts aggregating $1,000,000. It is estimated that the bank's assets will amount to $250,000, and liabilities, $200,000.