15080. First National Bank (Conneaut, OH)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
3492
Charter Number
3492
Start Date
December 19, 1904
Location
Conneaut, Ohio (41.948, -80.554)

Metadata

Model
gpt-5-mini
Short Digest
f18741c89e7afaae

Response Measures

Full suspension

Other: Bank closed and National Bank Examiner appointed receiver (receivership/closure)

Receivership Details

Depositor recovery rate
39.0%
Date receivership started
1904-12-20
Date receivership terminated
1909-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
23.5%
Share of assets assessed as doubtful
59.6%
Share of assets assessed as worthless
16.9%

Description

Contemporary reports (Dec 20, 1904) state a run occurred causing the First National Bank of Conneaut to close; National Bank Examiner L. L. Miller was appointed receiver. The trigger was depositor unrest from the 'Chadwick' exposure (panic/rumor). Officials claimed solvency but a receiver was appointed and bank officers later arrested, consistent with suspension leading to closure/receivership.

Events (5)

1. April 27, 1886 Chartered
Source
historical_nic
2. December 19, 1904 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors withdrew funds after exposure of the 'Chadwick' affair; reports/rumor that Mrs. Chadwick secured large loans spurred withdrawals.
Measures
Directors convened; bank did not open; no specific liquidity measures reported prior to suspension.
Newspaper Excerpt
closed its doors last night on account of a run which occurred yesterday
Source
newspapers
3. December 20, 1904 Receivership
Source
historical_nic
4. December 20, 1904 Receivership
Newspaper Excerpt
National Bank Examiner L. L. Miller has been appointed receiver.
Source
newspapers
5. December 20, 1904 Suspension
Cause
Rumor Or Misinformation
Cause Details
Suspension resulted from runs caused by unrest following the Chadwick exposure; officials claimed the banks were solvent but closed after heavy withdrawals ($50,000 on Saturday and near depletion on Monday).
Newspaper Excerpt
The First National Bank of Conneaut ... did not open their doors for business today. National Bank Examiner Miller has been appointed receiver.
Source
newspapers

Newspaper Articles (19)

Article from Santa Fe New Mexican, December 20, 1904

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TWO MORE OHIO BANKS SUSPEND Institutions Forced to Quit Business on Account of Run-Receiver Appointed. Washington, D. C., Dec. 20.-The Comptroller of Currency has been advised that the First National Bank of Conneaut, Ohio, closed its doors last night on account of a run which occurred yesterday, and National Bank Examiner Miller has been appointed receiver. Banks Are Solvent. Conneaut, Ohio, Dec. 20.-The First National Bank of Connaut and the Marine Bank of Connaut Harbor, did not open their doors for business today. The suspension resulted from runs on both concerns during the past few days. The officials claim theh concerns are entirely solvent and declare that business will be resumed again in a short time. Held No Chadwick Paper. Cashier Lilley, of the First National Bank made the following statement: "Ever since the exposure of the Chadwick matter our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there is a general feeling of unrest. The money has been taken out gradually but on Saturday $50,000 was withdrawn. On Monday practically all the remaining cash on hand was taken out."


Article from Las Vegas Daily Optic, December 20, 1904

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Ohio Banks Close Doors WASHINGTON, Dec. 20.-The comptroller of the currency has been advised that the First National ba of Conneaut, Ohio. closed its doors last night on account of a run which occurred yesterday, and I tional Bank Examiner Miller has been appointed receiver. Two Suspend. CONNEAUT, Ohio, Dec. 20.-TI First National bank of Conneaut, and the Marine bank of Conneaut Harbor did not open their doors for business today. The suspensions resulted from runs on both concerns during the few days past. Officials claim the concerns are entirely colvent and declare that business will be lesumed again in a short time, Statement Issued. CONNEAUT, Ohio, Dec. 20.-Cashfer Lilley of the First National bank, which closed its doors here today, made the following statement: "Ever since the exposure of the Chadwick matter our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there Is a general feeling of unrest. The money has been taken out gradually, but on Saturday $50,000 V withdrawn. On Monday practically all the remaining cash on hand was taken out."


Article from The Roswell Daily Record, December 20, 1904

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BANK FAILURE. Closed its Doors on Account of a Run Which Occurred Yesterday. Washington, D. C., Dec. 20.-The Comptroller of the Currency has been advised that the First National Bank of Conneaut, Ohio, closed its doors last night on account of a run which occurred yesterday. National Bank Examiner Miller has been appointed receiver. Conneaut, O., Dec. 20.-The First National Bank of Conneaut and the Marine Bank of Conneaut Harbor did not open their doors for business today. The suspension resulted from rns on both concerns during the past few days. The officials claim the concerns are entirely solvent and de clare that business will be resumed again in a short time. Cashier Lilley of the First National Bank made the following statement: "Ever since the exposure of the Chad wick operations our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there is a general feeling of unrest. The money has been taken out gradually, but on Sunday $50,000 was with drawn. On Monday practically all the remaining cash on hand was taken out."


Article from The Barre Daily Times, December 20, 1904

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TWO BANKS CLOSE. Ohio Institutions Were Not Connected With Chadwick Concern. Conneout, O., Dec. 20.-The First Na. tional Bank here and Marine Bank at Conneout Harbor have closed their doors owing to the recent runs, The banks held none of the Chadwick paper but there was a general feeling of unrest on the part of the depositors,


Article from Waterbury Evening Democrat, December 20, 1904

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BANK CLOSES. Run-LiabiliCaused By ties and Resources are Equal. Washington, Dec. 20-The comptroll ler of the currency has been advised that the First National bank, Con neaut, O., closed its doors last night on account of a run which occurred yesterday, and National Bank Examiner L. L. Miller has been appointed receiver. The following is a statement of the resources and liabilities of the bank as shown by its report of condition to the comptroller, dated November 10. 1904: Resuorces: Loans and discounts $225,211; overdrafts, $3,470; United States bonds, $12,500; bonds, securities, etc, $21,109; real estate owned, $9,567; due from banks, $11,554; cash and cash items, $17,136; total $300,549. Liabilities: Capital $50,000; surplus and undivided profits, $10,407; circula tion. $12,500; due to banks, $6:355; deposits, $212,286; notes and bills dis counted, $9,000; total $300,549.


Article from Evening Star, December 20, 1904

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Latest Report of Condition. The controller of the currency has been advised that the First National Bank, Conneaut, Ohio, closed its doors last night on account of a run which occurred yesterday, and National Bank Examiner L. L. Miller has been appointed receiver. The following is a statement of the resources and liabilities of the bank as shown by its last report of conditions to the controller, dated November 10. 1904: Resources-Loans and discounts, $225,211; overdrafts, $3,470; United States bonds. $12,500; bonds, securities, etc., $21,109; real estate owned, $9,567; due from banks, $11;554: cash and cash items, $17,136. Total, $300,549. Liabilities-Capital $50,000; surplus and undivided profits, $10,407: circulation, $12,500; due to banks, $6,355; deposits, $212.288; notes and bills rediscounted, $9,000. Total, $300,549.


Article from Alexandria Gazette, December 20, 1904

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Bank Closed, Conneaut, Ohio., Dec. 20.-The First National Bank here and the Marine Bank at Conneaut Harbor have closed their doors. A long line of depositors were at the former bank this morning at the time for opening. The directors, after an all night session, announced that the bank would not open. They say business will be resumed in one week Cashier O. C. Lillie made a statement this morning, in which he said there had been a run on the bank ever since the exposure of the Chadwick affair. National Bank Examiner L L. Miller has been appointed receiver. The resources and liabilities of the bank as shown by its last report of condition to the Comptroller, dated Nov. 10, were $300,549,37.


Article from The Minneapolis Journal, December 20, 1904

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TWO OHIO BANKS SHUT BY CHADWICK SCARE Conneaut, Ohio, Dec. 20.-The First National Bank of Conneaut and the Marine Bank of Conneaut Harbor did not open their doors for business today. The suspension resulted from runs on both concerns. Officials declare the concerns are entirely solvent and that business will be resumed in a short time. The two banks are closely affiliated. Cashier Lilley made the following statement today: "Ever since the exposure of the Chadwick matter, our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there was a general feeling of unrest. The money has been taken out gradually, but on Saturday $50,000 was withdrawn. On Monday practically all the remaining cash on hand was taken out."


Article from The Washington Times, December 20, 1904

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Chadwick Affair Causes Two Banks to Close Up Unjustified Suspicion Leads Depositors to Withdraw Funds-Marine Bank at Conneaut Succumbs With Parent Institution. CONNEAUT, Ohio, Dec. 20.-The First and this made closing necessary, although the affairs are in excellent conNational Bank here and the Marine dition, according to Cashier W. W. Bank at Conneaut Harbor have closed Grant. their doors. A long line of depositors were at the C. M. Traver is president of the naformer bank this morning at the time tional bank and prominent citizens are for opening. The directors, after an in the directorate. The capitalization is all-night session, announced that the $50,000, and that of the Marine Bank is $25,000. bank would not open. They say busiA dispatch from Cleveland says Mrs. ness will be resumed in one week. Chadwick is willing to appear before Cashier O. C.' Lillie made a statement Justice Remington today if the doctors this morning. say she is able. She says she is feeling much better. "Ever since the exposure of the ChadShe will be asked to tell about the wick matter," he said, "our depositors jewels and valuables she is reported to have been withdrawing their funds. We have. do not hold any Chadwick paper, but there was a general feeling of unrest. Comptroller of the Currency has been The money has Jeen taken out gradadvised that the First National Bank of ually, but on Saturday $50,000 was withConneaut, Ohio, closed its doors last drawn. On Monday practically all the night, on account of a run which ocremaining cash on hand was taken." curred yesterday. National Bank ExOne Branch of Other. aminer L. L. Miller has been appointed receiver. Lillie is the president of the Marine The resources and liabilities of the Bank, which is an outgrowth of the bank as shown by its last report of conFirst National. Much of its available dition to the Comptroller, dated November 10. were $300,549.37. funds are in the First National Bank


Article from The Laramie Republican, December 21, 1904

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Suspended Banks May Resume. Conneaut, O., Dec. 21.-Bank inspector Duncan today said he thought the affairs of the National bank of Conneaut might be adjusted within ten days and that it and the Marine bank of Conneaut Harbor would reopen then,


Article from The San Francisco Call, December 21, 1904

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MAY NOT TAKE WITNESS STAND Unlikely That Mrs. Chadwick Will Be Allowed to Give Testimony Before Court CLEVELAND, Dec. 20.-Mrs. Chadwick was brought into the bankruptcy court to-day in the proceedings against her, but was excused from testifying because of illness. Whether Mrs. Chadwick will again be summoned will depend on counsel for Receiver Nathaniel Loeser, whose attorneys are expected to take up the subject. Should Mrs. Chadwick be brought into court, it is unlikely that she will give any testimony. If she does it will be against the advice of her attorney, who refused even to allow her to be sworn as a witness. CONNEAUT, O., Dec. 20.-The First National Bank of Conneaut and the Marine Bank of Conneaut Harbor did not open this morning. The suspension resulted from runs on both concerns during the past few days. Officials claim the concerns are entirely solvent and declare that business will be resumed again in a short time. The two banks are closely affiliated, O. C. Lilley, the cashier of the First National Bank, being president of the Marine Bank of Conneaut Harbor. Cashier Lilley made the following statement on behalf of the First National Bank: Ever since the exposure of the Chadwick matter our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there was a general feeling of unrest. The money has been taken out gradually, but on Saturday $50,000 was withdrawn. On Monday practically all the remaining cash on hand was taken out.


Article from The Bennington Evening Banner, December 21, 1904

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Two Connenut Banks Fail. CONNEAUT, O., Dec. 21.-The First National bank of Conneaut and the Marine bank of Conneaut Harbor have closed their doors. The suspensions resulted from runs on both concerns daring the past few days. Officials claim the concerns are entirely solvent and declare that business will be resumed again in a short time. The two banks are closely affiliated. Cashier O. C. Lilley made the following statement on behalf of the First National bank: "Ever since the exposure of the Chadwick matter our depositors have been withdrawing their funds. We do not hold any Chadwick paper, but there was a general feeling of unrest."


Article from New-York Tribune, December 21, 1904

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TWO MORE OHIO BANKS SUSPEND. Held No Chadwick Paper, but Have Lost Deposits Since Her Exposure. Conneaut, Ohio, Dec. 20.-The First National Bank of Conneaut and the Marine Bank of Conneaut Harbor did not open their doors for business today. The suspension resulted from runs on both concerns. Officials declare the banks are solvent, and that business will be resumed in a short time. The two banks are closely affiliated, O. C. Lilley, the cashier of the First National, being the president of the Marine Bank of Conneaut Harbor. Mr. Lilley to-day said: "Ever since the exposure of the Chadwick case our depositors have been withdrawing their funds. We do not hold any Chadwick paper. but there was a general feeling of unrest. The money has been taken out gradually, but on Saturday $50,000 was withdrawn. On Monday practically all the remaining cash on hand was taken.


Article from Evening Star, December 22, 1904

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PIANO COMPANY FAILS. Sequel to Bank Failure Through Chadwick Deals. CONNEAUT, Ohio, December 22-The C. M. Traver Piano Company made an assignment today. The assets and liabilities have not yet been made public. The failure resulted from the closing of the First National Bank, C. M. Traver being president of both the bank and the piano company. President Traver and Cashier O. C. Lillie have turned over all their property to the receiver for the bank.


Article from Durango Semi-Weekly Herald, December 22, 1904

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and he rock. t morning of The dirt funeral and was Union, held this of which remains he t and the member. Miners' escorted being the shipped was the a depot. the body where the relatives young to Wash., and other about man's a single here live. He had of years old was and employ ed been most He had years. being Camp Bird. boss, time at of of the to Spokane. parents man, month occu- how that four 26 pied the since the 21. The tempt only the position Dec. first shift Sheriff conever, OURAY. case of Colo., against Telluride. Deputy district is occupying court. the Runnells Runnells attention was Stevens recently of the and cited show to of appear why conbefore Judge be held guilty hand in he should account not of having a Telluride for tempt on miners from attorney indeported John H. Murphy Federation were at whose brought. the Western the proceedings communication the to best the stance set forth in a believed it for concerned court that of he peace and all and stated be but the interests that the case dismissed. that If be. of court his willingness that contempt be so lightly court was an replied offense and took not the to matter under O., Dec. it was dismissed. advisement. TOLEDO. when 21.- A sensation number learncaused today a large to the men of signed when of petition released was ed prominent that the names business of she for was parole had been of Mme. the Devere. Ohio penitentiary 21. Overtures been from YORK. Dec. large number for bankers part of have NEW made for a arrangements the floating here. of Russian a large local at loan least a Bankers block express stock will And a 21. Pa., the belief that market in this city. Dec. of PHILADELI ELPHIA. dethroned pugilistic big Maher, the is to have a benefit champion Peter at the Ireland. Gentlemen's Maher 18 practically the Sporting fact since club penniless. tonight. has earned st withstanding became more than prominent $100. it that he he first decade or two ago. and 000 in the prize ring days a are friends now over to assist His the fighting intention of some his other business. volunthe at the him in going fighters in who have benefit are Among appear Cole. Danny Love, Williams Jack" Dec. Tommy Dougherty, teered to Jack George O'Brien and 21.-Bank "PhilDuncan adelphia CONNEAUT Ohio., today said he National Inspector the affairs of the be adjusted thought of Conneaut could that it and the Marine bank within bank ten days of and Conneaut Harbor conwould reopen then Dec. 21. The Knight, ATLANTA Ga., Albion W. Cathof Cuba secration of St. Phillips' Rev. as Episcopal bishop of to dean this city, cathedral here cereto edral took with place in imposing in the ecclesiastical was crowded The of day edifice Missouri, Bishop of the monial. the doors. presiding bishop Tuttle, and was assisted church, the consecrator of the Episco country acted by pal prominent clergy as from members various parts of the disap known LONDO N. Dec. felt 21.- throughout Great Scot- the when it the land pointment famous was bacame relic of Bible, that beloved had a poet. most Burns, his an family Englishman beaten, for been bought by is not easily has been $7,800. ,for that Bible now acquired by sum the paid has not out so trustees. however far Scotland The Burns Dec. monument 21.-An leaked YORKTOWN, N. of Y. the furniture house sale today old Palmer Westauction marked and fixtures the final of the passing in northern of at the the most old famous hostelery hotel is chester county. The its removal has water been ordered by Croton Dam the and New York City hotel it shed officials. was erected about has been seven- a famous The years ago and of the West party chester e, ty-five meeting Republicans in place 1856. since the Senator the veranda Dewas organized on time he d of the old Assembly, pew was nominated building the first forty-three e I ran for the nearly every year address since years ago, and the hotel and 11 is 21 he ed his has old visited friends and neighbors. Dec. e e WASHINGTON D. C., which began ointernatioal romance, Mrs. Roosevelt. under the a wedding e culminated An auspices in of today. became when the R. de Marees 8. bride of Minister y Miss Elizabeth Swinderen. Jonkeer the Glover from was Van first pre- the W. Miss Glover for the s time Netherlands diplomat at the 's sented at to a tea the given last spring e took se White House. wedding ceremony of the at Today's at noon in the thronged church with a d er y, of the in fashionable Epiphany. place which assemblage diplomatic was that corps included official and re by many addition to the Satterlee r er Mrs. bride's only the members life in Roosevelt. persons Bishop prominent President attendant is and ofsocial ficiated. The Isabella Hanger, Roosevelt who The was Miss secretary of Mrs.


Article from Durango Semi-Weekly Herald, December 22, 1904

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Miss not," representation Levy of her former of testimony. Floradora "I did girl give in my a firm life the would gladly in my which voice. to bring "I him back, saw the if it revolver were flash with end." power. he I never was shot. There was a her and NEW then was YORK. the cross-examined Dec. 20.-Nan with today Caesar Pat- regarding terson During Comme the examination and she Young supported her admitted Young sums of money. She gave her fix large the amount When asked she could it was not fifty thousand dollars said if she did that not know Young was the witness only She said world for her. The in Flanman in the that after a dispute and Young testified saloon, when drinks. she he pushnery's fifteen to twenty cried. The had in the face and she 20.ed CONNEAUT. her Ohio. bank Dec. here and the First National of Hanover. independ- doors to Marine institutions, bank. closed their in line ent while depositors were to be in day out. The banks said over drawing condition but anxiety distrist. excellent Chadwick affair caused following the Lilley made the of the Cashier noon on behalf the statement at bank: "Ever since exposure of been First National the Chadwick withdrawing matter our depositors have We do not hold any their accounts. there was a genpaper. but money has Chadwick of unrest. The Sateral feeling gradually drawn out. was On with been thousand dollars urday, fifty Monday preatically all taken the remaining drawn. On cash on hand was out. TOPEKA. Kan.. Dec. 20.-Money worth of million dollars will issue from fifty which the Santa Fe extensive be devoted to and of lines to of new Mexico improvements soon. bonds, purchase will the New system California, and the Louisiana. Texas. Arizona, A thousand miles sections of double to be track will be immediately laid. The are from undertaken and from Florence, to Kan., Coal City Chicago to Newton, Joliet, and from Kansas to the City and Joliet the to second track em- the completion of and completion of perial cut off. Pecos valley and Belen overhauled cut off through be routed line freight south is to be passengers can of this line. and the headquarters entire system from Heavy to be grades obliterated. of the The the Belen avoidance cutare will make possible grades In Chicago there and in off of Colorado mountain the and track elevation greatly Kan is to terminals are are to sas Topeka shops will be City completed to be employ will be doubled increased eventually Improvements and be five made thousand on men. many Kansas division points. KANSAS CITY, Dec. .-The affirmed court the unanimouslay imposed of appeals hundred dollars for solicfine of state one Senator Sullivan food measipon a bribe on the pure last legislature. re Soliciting iting pending a bribe in the ins a misdemeanor in Missouri. KANSAS CITY. Dec. in a 20.-Lena Colorado mentioned morning. denies Weber, dispatch this the girl murSprings was identified as she lered in Cheyenne 20.-A mountain, meeting of the for PARIS. Dec. commission till scheduled tomorrow, to the was of Admiral American Doggerbank wing today postponed non-arrival commissioner today Davis, landed at Antwerp Davis SAN FRANCISCO. Cal., Dec. under 20 orcollector department. from the twenty lers strangers to that The of state customs, keep forti- is advising Pescadors and Suyo. Ications within miles from being constructed the radius at of Both probable points conflict are between the JapanThe Hott se and Russian fleets. Dec. ANSAS CITY, trial was postponed defendant's again man ill Thursday murder because of awyer being absent. Dec. 20.-E. E. NEW ORLEANS, was shot through the head J. Mangum killed by Professor where and Woodward instantly at Magee, Miss., of the high Woodward E. is the principal remonstrated with adschool. Mangum because the latter had ManWoodward severe whipping to ministered a son. Mangum finally gum's 15 year-old shot Woodward lost his temper wrist. and Woodward was and through a the pistol by a hystander head. Wood handed through the residence. shot Mangum under guard at his The struct ral ward is YORK, Dec. 20 today and when NEW steel pool is in session the meeting If is expected announcement that will be of made steel adjourns advance in the price demand of an $4 per ton. The increas from $2 to has been constantly broadenfor steel and the market trade the ng of late revival in the building in the ng. The strong factors are also buying sorts. is situation one of heavily and the of railroads beams and bridge materials of POLIS all Ind Dec 20 -At


Article from Milford Chronicle, December 23, 1904

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Two More Banks Close. Conneaut, O., Dec. 21. The First National Bank of Conneaut and the Marine Bank of Conneaut Harbor did not open their doors for business. The suspension resulted from runs on both concerns during the past few days. Officials claim the concerns are entirely solvent and declare that business will be resumed again in E short time. Cashier Lilley made the following statement on behalf of the First National Bank: "Ever since the exposure of the (Chadwick matter our depositors have |been withdrawing their funds. We do not hold any Chadwick paper, but there was a general feeling of unrest. The money has been taken out gradanily, but on Saturday $50,000 was witsdrawn. On Monday practically all the ;remaining cash on hand was taken:"


Article from The Ely Miner, December 30, 1904

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paying $650,000. The Wade Park bank, of Cleveland, O., of which Iri Reynolds is secretary and treasurer, together with two branches, has been taken over by the Cleveland Trust company, which will conduct the business of the three institutions. W. C. Matthews, the negro football and baseball player, has been elected one ficers. of Harvard's senior class day ofJames R. Garfield, commissioner of corporations, in his first annual report, made to President Roosevelt, recommends compulsory regulation of corporations chise. under a federal license or franAdmiral Sir Frasmus Ommanney, the "father of the British navy," died at Portsmouth, England, after a lengthy illness. He was the last survivor of the battle of Navarino, fought in 1827, which resulted in the destruction of the Turkish fleet. George L. Shoup, former United States senator from Idaho, died at his home in Boise, Idaho, in his sixty-eighth year. The Metropolitan clubhouse, the home of the most fashionable club in Washington, was gutted by fire, involv$100,000. ing an estimated loss of from $60,000 to Mrs. William Gladden shot and killed her husband at their home at Requa gulch, south of Cripple Creek, Col. She says that he abused and beat her. The bodies of John C. Kenyon, William Lillyblade and William Emmermon have been taken from the Crocker hotel ruins in Minneapolis, Minn. Receipts of the Britt-Nelson glove contest amounted to $26,900. of which Britt received $8,877 and Nelson $5,918. The postmaster general removed two more mail carriers for interference in politics and legislation. Republican leaders conferred on the proposed railway rate bill and assured President Roosevelt congress will act during the present session. All traffic in London was tied up and Christmas shoppers inconvenienced by a dense fog. The Illinois state board of equalization made a cut of $2,000,000 the in assessed valuation of all property in the state. City Clerk Edward M. Schuengel, of Milwaukee, Wis., aged 47 years, died suddenly. Mr. Schuengel had been suffering from Bright's disease and heart trouble for some time. After a lingering illness of three years, due to infirmities of old age, Rt. Rev. Richard Phelan, bishop of Pittsburg diocese, of the Roman Catholic church, died at Pitisburg, Pa., aged 76 years. The official report shows that during the world's fair at St. Louis the total admissions were 19,694,855, of these 12,804,616 were paid. The free admissions amounted to 6,890,239. Two trainmen were killed and one was badly scalded in a collision between freight trains on the Rochester & Pittsburg road, near West Falls, N. Y. The John Thompson & Son agricultural machine works and gasoline engine factory at Beloit, Wis., was destroyed by fire, causing a loss of $100,000. Seven were killed in the disaster at Minneapolis, Minn., when the wall of the tel. Peck building crushed the Crocker hoSenator Fairbanks has decided to forward his resignation to the governor of Indiana January 9, the date of the meeting of the legislature, to take effect March 4, next, when he will be inaugurated vice president. Four men were killed and their bodies terribly mangled as the result of a boiler explosion at the sawmill of B. F. Redline near Rohrsburg, Pa. James P. Eagle died at Little Rock, Ark., after an illness of three weeks. He 1893. was governor of Arkansas from 1889 to A disastrous storm which suddenly burst on the northern coast of Portugal has caused great loss of life. From reports perished. already received 37 persons have President Roosevelt has accepted an invitation to deliver an address at the Lincoln day dinner to be given by the Republican club, of New York, on the 13th of next February. The Minnesota board of pardons has granted a pardon to Col. Ames, brother of former Mayor Ames, of Minneapolis, and who was Mayor Ames' chief of police He was convicted of graft in connection with the Ames administration. The First national bank, of Conneaut O., and the Marine bank, of Conneaut Harbor, have suspended. The suspen sion resulted from runs on both con cerns owing to the panic caused by the Chadwick affair. e The protestants in the Smoot inquiry rested their case. The hearing was post d poned until January 10, when the de fense will present evidence. e Many Europeans flocking to America now are paupers and unfit for citizen


Article from Evening Journal, December 31, 1904

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BANK FICTALS ARRESTED Cashier and President Charged With Violating Laws. Cleveland, Dec. 31.-Cashier O. C. Lillie and President C. M. Traver, of the First National Bank of Conneaut, Ohio, were placed under arrest at Conneaut by United States Marshal Chandler upon a warrant charging the bankers with a violation of the national banking laws, the specific charge in Mr. Lillie's case being the making of a false entry in the books of the bank, changing the sum of $233,605 to read $223,605. Mr. Traver is charged in the warrant with being an accomplice of the cashier in the alleged falsification. Deputy United States marshals brought Cashier Lillie to the federal court room in this city, where he waived a preliminary examination and gave bail in the sum of $10,000 for his appearance in court next February. The cause of the run, the bankers said at the time was that the report had gained currency that Mrs. Chadwick had succeeded in securing large loans from it. The bank officials deny holding any Chadwick papers.