Commercial Bank (Cambridge, OH)

Episode Information

Episode UID
1116043091254
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
111604309 hash
Start Date
June 15, 1904
Location
Cambridge, Ohio (40.031, -81.588)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5dac904bd83510f5

Response Measures

None

Description

Sources variously call it a private institution and a state bank.

Events (2)

1. June 15, 1904 Receivership
Newspaper Excerpt
On petition of the stockholders ... a receiver was appointed for the bank. The petition alleges defalcations against P. C. Patterson, the cashier and H. O. Barber, one of the directors.
Source
newspapers
2. June 15, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged defalcations/embezzlement by Cashier P. C. Patterson and Vice President H. O. Barber.
Newspaper Excerpt
On petition of the stockholders of the Commercial Bank of Cambridge, a private institution, a receiver was appointed for the bank to-day.
Source
newspapers

Newspaper Articles (10)

Article from The San Francisco Call, June 16, 1904

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Article Text

ZANESVILLE, Ohio, June 15.-On petition of the stockohlders of the Commercial Bank of Cambridge, a private institution. a receiver was appointed for the bank to-day. The petition alleges defalcations against P. C. Patterson, the cashier and H. O. Barber, one of the directors.


Article from The Cairo Bulletin, June 18, 1904

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Article Text

PAIR OF DEFAULTERS. . By the Associated Press. Zanesville, Ohio, June 17.-Accord ing to a statement of Receiver OrmeΓ±. of the Commercial bank of Cambridge the hortage in the banks funds is $100,000. Cashier Patterson and Vice President Barber are still missing.


Article from The Stark County Democrat, June 21, 1904

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Article Text

OVER $100,000 Embezzled from Cambridge Bank. Cambridge, June 17.-Receiver Orme of the defunct Commercial bank announces that the notes and overdrafts made by Cashier Patterson amount to $44,000 and notes and overdrafts made by Vice President Barber amount to inore than $36,000. Two Metters written four days ago were mailed to the receiver today authorizing the transfer of property to the bank by Miss Carrie Norris. Barber's fiance has been missing since Sunday and is thought to be with Barber.


Article from The Manitowoc Pilot, June 23, 1904

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Article Text

A Heavy Defalcation. Zanesville, O., June 18.-According to a statement made by Receiver Orme, of the Commercial bank of Cambridge, the shortage in the bank's funds is $100,000 or more. The examination of the bank shows overdrafts in that sum already, and the statement of the condition of the bank will not be officially made until next week. Vice President Herbert O. Barber, who has admitted personal overdrafts of nearly $27,000, and Cashier Patterson are still missing. From his inspection of the books Receiver Orme believes the overdrafts began almost as soon as the bank was organized.


Article from Iron County Register, June 23, 1904

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Article Text

Received is Appointed. Zanesville, O., June 16.-On petition of the stockholders of the Commercial Bank of Cambridge, Guernsey county, a private institution, a receiver was appointed for the bank. The petition alleges defalcations against P. C. Patterson, the cashier, and H. O. Barber, one of the directors.


Article from The Tupelo Journal, June 24, 1904

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Article Text

AND NOTES. Summary of Important Events. ERSONAL AND GENERAL fourteenth annual reunion of the Confederate Veterans began in iville, Tenn., on the 14th, with a attendance. airman Henry C. Payne of the blican national committee was with sudden illness, on the in his room at the Auditorium Chicago, and was not able to at the meeting of the committhe coliseum in the afternoon. grain and elevator men agree an estimate for this year of 80,bushels of wheat. The estimate on Coburn's recent report. is 12,000,000 below last year's recbreaking crop. Wheat conditions improving daily. Chicago limited passenger train he Illinois Central was wrecked in terminal yards in Carbondale, III. he 14th, and John Hamilton, a clnaker of Memphis, was instantly and several passengers bruised injured. M. Burbank, of Arizona, a merchant, attempted to kill in New York, on the 13th, by his throat in a law office. He a prisoner in a hospital with attempted suicide. St. Louis cordage company is to make an experiment in the of obtaining Porto Rican laIt has engaged 24 Porto Ricar to work in its factory. obbers blew open the safe in the office at Laurel, Mont., on the and secured about $2,000. Kentucky court of appeals has a petition for a rehearing in case of Jim Howard, sentenced to for the murder of William Goebel case will be appealed to the United supreme court. vision No. 2 of the Missouri su his throat in a law office. He court, on the 14th, affirmed the of Julius Lehmann and Emi tmann, convicted in the boodle cruin St. Louis, and they must now to the penitentiary to serve their Lehmann and Emil Hartmann first of the convicted St. Louis whose sentences were affirmed he supreme court of Missouri, have to serve the terms of seven and years, respectively, to which they sentenced. petition of the stockholders of the imercial Bank of Cambridge county, 0., a private institua receiver was appointed for the on the 15th. The petition alleges leations against P. C. Patterson cashier, and H. O. Barber, one of directors. Bobrikoff, governor-general of who was shot by an assassir Helsingfors, the Finnish capital, or 16th, died on the 17th. The affair a great sensation in St. Peters x-Mayor Van Wyck, of New York himself 1,200,000 richer through markable streak of luck on Wal has decided to give up politics business and enjoy himself. H gone on a trip to Europe, leaving alternate to attend the St. Louis vention. ccording to a London dispatch of 17th, Gen. Stackelberg's retreat was by Gen. Kuroki's forces in Manand he was compelled to resume in the neighborhood of Telissu ector Fuller, a war corespondent Indianapolis, Ind., who was reto have disappeared, is now to have been arrested and imby the Russian authorities Arthur. Port represented by Therv wor


Article from Perrysburg Journal, June 24, 1904

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Article Text

BUCKEYE SNAPSHOTS News Culled in the State of Ohio. GONE, BUT NOT FORGOTTEN. Man Who Is Alleged to Have Wrecked Three Banks Is Heard From. Zanesville, O., June 17.-Following the failure of the Commercial state bank at Cambridge and the People's savings banks at Byesville and Macksburg have come startling developments since the appointment of R. V. Orme as receiver. Three letters written on June 11 were received by Mr. Orme yesterday. In them Herbert O. Barber, vice president, authorizes Orme to dispose of his stock in whatever manner possible to settle his personal overdrafts, which now reach $26,687.48. Barber, together with Cashier P. C. Patterson, were reported to be in Cincinnati. By Cambridge people they are thought to be in Mexico. Cambridge, O., June 17.-The stockholders of the Commercial bank, which closed its doors Tuesday, in their application for a receiver, charge Cashier Patterson and Vice President Barber with absconding with a large amount of the assets of the bank. Receiver Orme has issued a statement inviting the creditors to render specific statements of their claims with out delay. Nothing has been heard of Mr. Patterson. Miss Carrie Norris, the fiancee of Barber, has been missing from home since Saturday, and her friends cannot locate her. Patterson's wife and mother are prostrated.


Article from The Ely Miner, June 24, 1904

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Article Text

A Heavy Defalcation. Zanesville, O., June 20.-According to a statement made by Receiver Orme, of the Commercial bank of Cambridge, the shortage in the bank's funds is $100,000 or more. The examination of the bank shows overdrafts in that sum already, and the statement of the condition of the bank will not be officially made until next week. Vice President Herbert O. Barber, who has admitted personal overdrafts of nearly $27,000, and Cashier Patterson are still missing. From his inspection of the books Receiver Orme believes the overdrafts began almost as soon as the bank was organized.


Article from Chicago Eagle, June 25, 1904

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Article Text

Defalcation In Falled Bank Charged On petition of the stockholders of the Commercial Bank of Cambridge, Ohio, R. B. Orue was appointed receiver of the bank. The petition alleges defalcation by P. C. Patterson. the cashier, and H. O. Barber, one of the directors.


Article from Wausau Pilot, March 28, 1905

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Article Text

Depositors Will Lose Nothing. The Commercial Bank of Macksburg, Ohio, a State institution, has closed its doors. It was heavily involved in the failure of the Commercial Bank of Cambridge. Deposi its will be paid in full, the stockholders being the only losers. A receiver will be asked for.