16127. First National Bank (Clearfield, PA)

Bank Information

Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
768
Charter Number
768
Start Date
September 30, 1891
Location
Clearfield, Pennsylvania (41.021, -78.439)

Metadata

Model
gpt-5-mini
Short Digest
c2a6e4c83d6041d4

Response Measures

Borrowed from banks or large institutions, Fed/other loan, Full suspension, Books examined

Other: Receivers were appointed and criminal arrests were made of the president and cashier (embezzlement charges).

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1891-10-07
Date receivership terminated
1900-01-29
OCC cause of failure
Fraud
Share of assets assessed as good
27.8%
Share of assets assessed as doubtful
19.2%
Share of assets assessed as worthless
52.9%

Description

Contemporary articles report an unprecedented run (~$40,000) 29–30 Sept 1891 that forced the First National Bank of Clearfield to suspend payment. Subsequent examiner action and appointment of a receiver (Comptroller named receiver in early October 1891) indicate the bank was taken into receivership (permanent closure as an operating bank). Reports cite embezzlement/insider misconduct (Dill, McGrath, and teller Hamilton) and stock sales by a vice-president that triggered distrust. A receiver later paid dividends (1892) but the bank remained in receivership rather than resuming normal operations.

Events (6)

1. January 30, 1865 Chartered
Source
historical_nic
2. September 30, 1891 Run
Cause
Bank Specific Adverse Info
Cause Details
Run followed long-standing withdrawals tied to distrust after A. F. Boynton (former VP) sold his stock and amid reports of embezzlement/withdrawals by President Dill; teller defalcation at Houtzdale also undermined confidence.
Measures
Bank suspended payment (closed its doors); bank examiner took charge
Newspaper Excerpt
An unprecedented run on Saturday, Monday and Tuesday, amounting to nearly $40,000, made it impossible to continue business
Source
newspapers
3. September 30, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension caused by inability to meet large withdrawals amid revelations/rumors of embezzlement and dubious transfers by President Dill; continuous run since December and recent $40,000 drain precipitated suspension.
Newspaper Excerpt
The First National Bank of Clearfield closed its doors this morning ... therefore the bank suspends payment.
Source
newspapers
4. October 7, 1891 Receivership
Source
historical_nic
5. October 7, 1891 Receivership
Newspaper Excerpt
The comptroller of the currency to-day appointed Benjamin J. Haywood receiver of the First National Bank of Clearfield, Pa.
Source
newspapers
6. August 18, 1892 Other
Newspaper Excerpt
The defunct First National bank, of Clearfield, has just declared another dividend to its depositors, which makes a total dividend of 50 per cent. paid by the bank.
Source
newspapers

Newspaper Articles (23)

Article from The Record-Union, October 1, 1891

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BANK CLOSED DOWN. Unable to Stand the Strain of a Heavy Run. CLEARFIELD (Pa.), Sept. 30.-The First National Bank of Clearfield closed its doors this morning. An unprecedented run on Saturday, Monday and Tuesday, amounting to nearly $40,000, made it impossible to continue business, and therefore the bank suspends payment. It is thought that the bank will pay in full. HOUTZDALE (Pa.), Sept. 30.-There is intense excitement here to-night over the closing of the Dill Bank at Clearfield and trouble here with the Houtzdale Bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGrath is quoted as stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at street corners, and trouble is feared every moment with the Huns and Slavs who had their all in the bank. The deposits at the First National Bank at the time of the suspension were about $100,000. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale Bank trouble was caused by the defalcation of Teller Hamilton, a short time ago.


Article from The Cheyenne Daily Leader, October 1, 1891

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SPARKS FROM THE WIRES. Armv officers attribute little importance to the Indian scare in the Pend D'Oreille country. Maj. William McKee Dunn, 3d artillery, United States army, died at Cushing Island, Me., yesterday, aged 48. He was a veteran of the late war. He was a son of Gen. Dunn, late judge advocate of the United States army. The National Civil Service Reform league re-elected George M. Curtis president. The Chrisman bank of Paris has failed. Officers disappeared. Small assets; about $75,000 liabilities. The First National bank of Clearfield, Pa., closed its doors. It had a run of about $40,000. Believed it will pay out in full.


Article from San Antonio Daily Light, October 1, 1891

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LATE TELEGRAMS. BOILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Federal building at Galveston is about completed. Revolutionary agitation and mutinous troops reported from Brazil. The first session of the 7th Canadian parliament is prorogued. Late dispatches deny that Barrillas is a candidate for reelection. Melbourne is trying his rain making powers at Goodland, Ks. New Orleans cotton report is not favorable to an advance in prices. Snow falls at Assiniboine, N. W. T., the first of the season. Rains have filled cisterns and started grass in Wilson coutny. The usual Missouri Pacific dividend je passed at the New York meeting. First National bank, Clearfield, Pa., suspends after a run of $40,000. Austin has raised her bonus for that Llano extension. Beeville loses her case against the state, under the new corporation law. Boulanger's suicide called out an immense demand for Paris evening papers. Members of the French patriotic league are talking of a public funeral for Boulanger. Guatemalan news is morecontradictory, and reliable information very scarce. It is reported that the Guatamalan revolution is a hoax, a pretence for establishing a dictatorship. Supreme Treasurer O'Brien, Catholic Knights of America, is $76,000 short in his accounts. Texas passenger rate schedule 39 is now effective, and unlimited rates are cut out. Two of printing press Hoe's daughters married without parental consent. Willie Saunders and Geo. Blanchard drowned at the mouth of the Sabine. G. B. Dandy is chief Q. M., of Texas military department, vice Weeks, ordered to Washington. Democratic club convention of Pennsylvania meets at Pittsburg. Cleveland's name cheered. Raum makes personal complaint against three pension office employes. More rumors of Raum's intended resignation are afloat, but uncontirmed. w. C. Kroeger's gin, Floresville, caugbt fire, but good work saved the property with little damage. A ragged urchin from Denver found by his dad at Denison, from whom he had stolen $2,350; all safe but $60. Southern Pacific conductors, switchmen and brakemen ask advance of wages; advance refused. George Wm. Curtis reelected president civil service reform league at Buffalo. Ignatius Donnelly urges northwest farmers to hold their wheat thirty days longer. Bandera court house accepted from Contractor Braden, and officers are moving in. Scaggs examination for the killing of Maj. Eckles is postponed to Saturday the third. Laredo sells its fire department horses to the governor of Pueblo, Mex. Laredo court convicts several horse thieves and has 2 murder and 30 felony cases on hand. Electric light company of Laredo are rewiring the city undera new plan. Sait filed to forfeit to the U. S. government 50,000 acres of California land claimed by the Southern Pacific company.


Article from Wheeling Register, October 1, 1891

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Couldn't Stand the Run. CLEARFIELD, PA., September 30.-The First National bank, of Clearfield, of which William H. Dill, is president, closed its doors this morning. An unprecedented run on Saturday, Monday and Tuesday amounting to nearly $40,000, made it impossible to continue business, and therefore the bank suspended payment. The best informed think the depositors will get dollar for dollar.


Article from Pawtucket Tribune, October 1, 1891

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MINERS OUT OF POCKET. Closing of a Bank Creates a Big Sensation in a Mining Town. HOUTZDALE, Pa., Oct. 1.-The Houtzdale bank was closed yesterday. The president, W. H. Dill, is also president of the First National bank of Clearfield. Many secret and beneficial associations, the borough and several township treasurers are depositors in various sums aggregating many thousands of dollars. The savings of Hungarian and Swede miners that are locked up in the bank aggregate $70,000. Deposits were received as late as yesterday morning. The excitement is intense and were it believed that any considerable amount of money was in the bank, nothing could prevent the excited Slavs from breaking in its doors. The streets were thronged with miners. Yesetrday was also pay day and a package of about $30,000, sent from Philadelphia by the Berwind Coal company, havIng been sent in the name of the Houtzdale bank, the company's paymaster could not get possession of the money. This added greatly to the excitement. CLEARFIELD, Pa., Oct. 1.-The First National bank of this place closed its doors yesterday. There has been a run on it for a long time.


Article from Waterbury Evening Democrat, October 1, 1891

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CLOSED ITS DOORS. The Houtzdale, Pa, Bank Suspends Excited Depositors. HCUTZDALE, Pa., Oct. 1.-The Houtzdale Bank closed its doors at 10:30 yesterday morning. W. H. Dill of Clearfield owned the bank and was its presiden t, with John B. McGrath of Houtzdale, cashier. W. H. Dill is also president of the First National Bank of Clearfield, Pa., which closed its doors at the same time. The Houtzdale bank has done a large business in the way of deposits. Individual deposits range from $13,000 down, while many secret and beneficial associations, the borough and several township treasurers are depositors in various sums, aggregating many thousands of dollars. The savings of Hungarian and Swede miners that are locked up in the bank aggregate $70,000. The excitement is Intense and were it believed that any considerable amount of money was in the bank, nothing could prevent the excited Slavs from breaking in the doors. The streets are thronged with miners. Cashier McGrath says that everything is correct in the bank and that if the securities on which the money deposited in the Houtzdale Bank, sent to the Clearfield Bank, are as valuable as he presumed them to be, the depositors will lose nothing.


Article from The Seattle Post-Intelligencer, October 1, 1891

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MINERS HOWLING FOR MONEY. A Pennsylvania Bank Fails, With Heavy Deposits-Violence Threatened. HOUTZDALE, Pa., Sept. 30.-There is intense excitement here tonight over the closing of the bank at Clearfield, and trouble is feared here with the Houtzdale bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGarth is quoted as stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at the street corners, and trouble is feared at any moment with Heasians and Slave, who had their all in the First National bank at the time of the suspension-about $100,000. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale bank trouble was caused by the defalcation of Teller Hamilton a short time ago. CLEARFIELD, Pa., Sept. 30.-The First National Bank of Clearfield closed its doors this morning. Unprecedented runs Saturday and Monday and Tuesday, amounting to nearly $40,000, made it impossible to continue, and therefore the bank suspended payment. It is thought the bank will pay in full.


Article from Deseret Evening News, October 1, 1891

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TROUBLE FEARED. HOUTZDALE, Pa., Sept. 30.-There is immense excitement here tonight over the closing of the Dill bank at Clearfield (and lhe trouble here with the Houtzdale bank. The wildest rumore are floating about regarding the latter institution, though Cashier McGrath is quoted as stating that the bank will pay dollar for dollar. Hun. dreds of miners are parading the streets or gathering at the street corners, and trouble is feared every moment with the Huns and Slave, who had their all in the bank. The deposits of the First National bank at the time of the suspension were about$100,000. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale bank trouble was caused by the defalcation of Teller Hamilton a short time ago.


Article from The Sun, October 1, 1891

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COULDN'T STAND THE RUN. The First National Bank of Clearfield, Pa., Compelled to Close Its Doors. CLEARFIELD. Pa., Sept. 30.-The First National Bank of Clearfield, of which William H. Dill is President. closed its doors this morning. President Dill authorizes the following: An unprecedented run on Saturday. Monday. and Tuesday on the First National Bank of Clearfield. amounting to nearly $40,000, made it impossible to continue business, and, therefore. the bank suspends payment." There has been a continuous run on this bank since December last. This was 00casioned by the fact that A. F. Boynton, formerly Vice-President of the bank, sold his stock. As a brother-in-law of the President this created distrust and made a run. HOUTZDALE, Pa.. Sept. 30.-There is intense excitement here to-night over the closing of the Dill Bank at Clearfield, and the trouble here with the old Houtzdale Bank. Hundreds of miners are parading the streets or gathering at the street corners, and trouble is feared every moment with the Huns and Slavs, who have their savings in the bank. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale Bank trouble was caused by the defalcation of the teller. W. B. Hamilton. who is now in jail, charged with embezzling $45,000.


Article from The Morning Call, October 1, 1891

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DOORS CLOSED. The First National Bank of Clearfield, Pa., Forced to Suspend. CLEARFIED (Pa.), Sept. 30.-The First National Bank of Clearfield, closed its doors this morning. An unprecedented run on Saturday, Monday and Tuesday, amounting to nearly $40,000, made it impossible to continue business, and therefore the bank suspends payment. It is thought the bank will pay in full.


Article from The Seattle Post-Intelligencer, October 2, 1891

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MOBS HOWLING AT THE DOORS. Clearfield and Houtzdale Banks Wrecked by the President. CLEARFIELD, Pa., Oct. 1.-Excitement here concerning the First National bank failure was intensified last night when the condition of things at Houtzdale was learned. The Houtzdale bank is a private concern bought by Dill last spring. When Dill took charge he placed John B. McGrath, in whom the community had the utmost confidence, in charge as cashier. This at once stimulated business, and on the first day over $9,000 was received in deposits, mostly coming from poor miners. At that time the deposits did not reach $80,000, but through McGrath's well-known integrity and popularity they grew until yesterday morning they reached $200,000. Upon opening the bank yesterday McGrath had occasion to telephone the First National concerning a check and was astonished to learn it had closed. He at once closed his bank, but had already received several deposits. Word spread rapidly, and before long several hundred depositors were on the streets. The ignorant Huns and Slavs, who have deposits running from $200 to $2,000, grew frantic when they learned their money was in danger. The larger depositors at once sought Cashier McGrath, and he informed them that although the deposits reach $200,000, less than $30,000 paper and currency was in the bank when it closed. He said President Dill had removed a great amount of money, giving as his reason that the Houtzdale vault was not secure and he would put it in the Clearfield vault. Many of Dill's friends of yesterday are his enemies today. It is said he has been borrowing right and left. Only a few days ago his father-in-law, Jonathan Boynton. advanced $20,000 on the representation that it would fix everything up and put the bank on its feet. HOUTZDALE, Pa., Oct. 1.-The excitement over the suspension of the Clearfield and Houtzdale banks continues. When the depositors were informed that they were likely to receive less than 50 per cent. of their money, the lower classes formed in squads and shouted execrations and threats against the officers that would certainly have been put in execution had the latter been found. A large delegation of Houtzdale citizens called on President Dill at Clearfield tonight and demanded and pleaded with him that he make some satisfactory statement. They pointed out that the two towns were actually threatened with financial ruin, and other disasters in the future from private individuals were to be feared unless he made some short statement showing what he could and would do in paying the vast army of depositors of the two banks. To all these pleadings Dill returned answer that he was all right and the banks were all right, and if the depositors stood by him they would be all right. This afternoon receivers for the Houtzdale bank were appointed and they are now in charge. Bank Examiner Miller took possession of the Clearfield bank. At the time of the suspension the Houtzdale bank had deposits of $200,000, but there was less than $60,000 in the vaults this afternoon, and tonight affairs have become alarming. Men and women are clamoring at the doors in vain. The tide and pressure before the doors became so great that a strong guard of policemen were finally placed there and ordered to beat the howling depositors back with clubs, as it was feared the bank would bedemolished and looted President Dill and Cashier McGrath were arrested tonight upon the petition of one of the depositors, and gave bail in the sum of $2,000. WASHINGTON CITY, Oct. 1.-Bank Examiner Drew has been ordered to take charge of the First National bank, of Clearfield, Pa., reported to be in financial trouble.


Article from The Morning News, October 2, 1891

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ABANK'SSTRANGE WRECK MINERS ACCUSE THE PRESIDENT OF ROBBING THEM. He Gave Them Picnics and Took Other Means to Win Their Confidence and Deposits, and shut His Doors When He Had Ecooped in $200,000. PHILADELPHIA, PA., Oct. 1.-A special dispatch from Clearfield says; "The exeitement here concerning the First National was of at the Bank condition failure things intensified last Houtzdale night when was learned. The Houtzdale bank is a private concern which was bought by Dill last Before he spring. purchased the former it the people were distrustful, as company had been doing a loose business, having lost $40,000 through the defalcation of Teller William Hamilton, who is now in the penitentiary. When Dill took charge he placed John B. McGrath, a justice of the peace, in whom the whole community had the utmost confidence, in charge as cashier. STIMULATED BUSINESS "This at once stimulated business and on the first day over $9,000 was received in deposits, mostly coming from poor miners. At that time the deposits did not reach $60,000, but through McGrath's well-known integrity and popularity, they grew until yesterday morning they reach $200,000. Upon the bank yesterday McGrath had a Bank occasion opening concerning to telephone check the and First was astounded He National at to learn that it had closed. once closed his bank but had already received several deposits. DEPOSITORS SURROUND THE BANK. "The news spread rapidly, and before long several hundred depositors were in the streets. The ignorant Huns and Slavs, of whom there are many, who have deposits running from $200 to $2,000, grew frantic when they heard that their money was in danger. The larger depositors at once sought Cashier McGrath and he informed them that although the deposits reach $200,000, less than $60,000 in paper and currency was in the bank when it closed. He said that President Dill had removed a great amount of money, giving as his reason that the Houtzdale vault was not secure, and that be would put it in the Clearfield vault. THE CROWD GROWS WILD. 'When it became known that they were likely to get less than 50 cents on the dollar, the depositors grew wild and some of the expressions were fearful to contemplate. Dili had been catering to the mining class in many, and various, ways for the past five years. In 1886 he gave the miners a picnic, bringing over 2,000 men, women and children from Houtzdale to Clearfield, and entertaining them in a large park here in a handsome manner. This and many other like acts caused them to look upon him as a sort of philanthropist, and now they charge him with planning this scheme for years. DILL GIVES NO SATISFACTION. "A delegation of Houtzdale depositors arrived here last night and saw Dill, but he gave them no satisfaction, except to say that if they would stand by him they would come out all right. This is all he said, and they cannot get any consolation from it. To-day they have asked him to make an assignment of the Houtzdale bank to them or appoint a receiver. Many of them talk of instituting criminal proceedings, but this is not likely just now. In reference to the Clearfield bank there is no change excent that most of the sympathy that was expressed yesterday for Dill is to-day against him bitterly. Many of his friends of yesterday are enemies to-day. A HEAVY BORROWER. "It is said that he has been borrowing right and left. Only a few days ago bis father-in-law, Jonathan Boynton, advanced $20,000 to him on representation that it would fix everything up and put the bank on ite feet. Bank Examiner Miller arrived this morning and has charge of the bank. He has nothing to say for publication, but people here think that the de; ositors of the First National will get their money," M'GRATH AND DILL ARRESTED. A special to the / ress from Phillipsburg, Pa., says: "John B. McGrath, cashier of the Houtzdale Bank, was arrested to-night charged with embezzlement. A warrant was also issued for the arrest of William H. Dill. John Beyer and George W. Dickey have been acpointed receivers for the Houtzdale Bank. The bank bad $200,000 on deposits. In Phillipsburg the banks were prepared for a heavy run, and the Hungarians drew out considerable money. It is not likely that the trouble will extend any further at present."


Article from The Indianapolis Journal, October 3, 1891

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BANK PRESIDENT IN JAIL. Charged with Embezzlemnent and Wrecking Two Pennsylvania Institutions. CLEARFIELD, Pa., Oct. 2.-W. H. Dill, president of the suspended First National Bank of this place and of the private bank at Houtzdale, which also suspended, and John B. McGrath, cashier of the latter bank, who were arrested last night on the charge of embezzlement, entered bail this morning. Mr. Dill was at once rearrested on a warrant sworn out by National Bank Examiner Miller, who is in charge of the First National Bank, and held in $25,000 bail. The report that Mr. Dill has made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. Twenty-six thousand dollars of these judgments are held in trust for his wife. Bank Examiner Miller is engaged in an examination of the books of the bank, in which work he is being assisted by the directors. President Dill, of the Clearfield and Houtzdale banks, was removed from his residence to jail at midnight. Mrs. Dill accompanied him to jail and was given permission to stay with him all night. A committee of Houtzdale citizens attempted to serve & warrant on Dill late to-night, charging him with the embezzlement of $85,000. which was the amount withdrawn by Dill for use in the First National here. Dill being already under under arrest the warrant will not be served till morning. It is now learned that Dill has been speculating in stocks, but the amount of his losses cannot be ascertained.


Article from New-York Tribune, October 3, 1891

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A BANK PRESIDENT REARRESTED. Clearfield, Penn., Oct. 2.-W. H. Dill, president of the suspended First National Bank of this place and of the private bank at Houtzdale which also suspended, and John R. McGrath, cashier of the latter bank. who were arrested last night on the charge of embezzlement, entered ball this morning. Mr. Dill was at once rearrested on a warrant sworn out by Bank Examiner Miller, who is in charge of the First National Bank, and was held in $25,000 ball. He has as yet been unable to obtain bondsmen. The report that Mr. Dill has made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. Washington, Oct. 2.-Mr. Lacey, Controller of the Currency, received a telegram from Bank Examiner Miller recommending that the First National Bank of Clearfield be placed In the hands of a receiver. The examiner gave no information as to the condition of the bank beyond that indicated by his recommendation. Controller Lacey says that he will appoint a receiver as soon as he can find a suitable man.


Article from Los Angeles Herald, October 3, 1891

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The Clearfield Bank Trouble. CLEARFIELD, Pa., Oct. 2.-W. H. Dill, president of the suspended First National bank of this place, and John McGrath, cashier of the private bank at Houtzdale, who were arrested last night and charged with embezzlement, entered bail this morning. Dill was at once re-arrested on a warrant sworn out by the national bank examiner. WASHINGTON, Oct. 2.-Lacey, comptroller of the currency, received a telegram today from Bank Examiner Miller, recommending that the First National bank of Clearfield, Pa., be placed in the hands of a receiver. The comptroller says he will appoint a receiver.


Article from The Seattle Post-Intelligencer, October 3, 1891

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THE BANK ROBBERS. Dill, the Pennsylvania Wrecker, Held by Officers. MINERS STILL THREATENING. Collapse of a Boston Banking FirmThe Chrisman, Ill., Financiers Gambled Away Money in Chicago. CLEARFIELD, Pa., Oct. 2.-President Dill, of the defunct Houtzdale and Clearfield banks, was arrested again tonight, making the third time today. The last arrest was made on a warrant sworn out in Houtzdale, charging him with the embezzlement of $85,000. He secured bail and is now at his home, closely guarded by officers. It is believed he will go to jail some time tonight, but the officers say they will try and keep him in the house until the arrival of United States District Attorney Lyon and United States Marshal Barrah tomorrow morning. When the news spread that Dill was arrested trouble with the ,depositors broke out anew, and the excitement tonight is almost as great as when the banks first failed. It was generally thought no arrests would be made, at least until later on, and the bank examiner who is in charge of Clearfield bank and Receivers Byers and Dickey, of Houtzdale, were allowed to go quietly on with their work investigating the books of the bank. when they stumbled on accounts and entries which caused their arrest. The Huns and Slave are still wild over their losses, and tonight the late president was burned in effigy. Dill and Cashier McGrath, of the Houtzdale bank, were arrested last night on a charge of embezzlement and gave bail this morning. Dill was at once rearrested on a charge sworn out by the national bank examiner and held in $25,000 bail. The report that Dill had made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. WASHINGTON CITY, Oct. 2.-Comptroller of the Currency Lacey has received a telegram from Bank Examiner Miller, recommending that the First National bank, of Clearfield, Pa., be placed in the hands of a receiver. The comptroller says he will appoint one.


Article from The Roanoke Times, October 8, 1891

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Two Bank Receivers'Appointed. WASHINGTON, Oct. 7.-[Special|-The comptroller of the currency to-day appointed Benjamin J. Haywood receiver of the First National Bank of Clearfield. Pa., and Henry M. Hall, Jr., receiver of the Farley National Bank of Montgomery, Ala.


Article from The Wilmington Daily Republican, October 8, 1891

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Receiver of the Clearfield Bank. W ASHINGTON. Oct. 8.-Comptroller of the Currency Lacey has appointed Benjamin J. Haywood, of Mercer, receiver of the First National bank of Clearfield, Pa. He was not an applicant for the position, but was strongly urged by prominent business men.


Article from Evening Journal, October 8, 1891

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THE NEWS IN BRIEF, Fire in the Manhattan distillery at Peoria, Ills, caused a damage of $400,000. Secretary Halford, who was taken suddenly ill at the White House, is improving. Caldwell & Libby, boot and shoe manufacturers, have assigned to H. F. Hurlburt, of Lynn, Mass, Liabilities, $50,000. Three track walkers were killed in one day in the Union tunnel, Baltimore. Twenty-five houses at Columbus Junetion, Ia, were burned, the result of an incendiary fire. The loss will be $150,000. Dr. Ann H. Chase, of New Bedford, Mass., has been arrested, charged with causing the death of Clara F. Burgess by malpractice. The controller of the currency has appointed Benjamin J. Haywood receiver of the First National bank of Clearfield, Pa. A movement is on foot, which will probably take shape at the meeting of the Western Colorado congress, to divide that state. A special train on which Major McKinley was riding had a narrow escape from coming in collision with another train near Batavia Junetion, O. The union printers of the state, in session at Syracuse, adopted resolutions demouncing Mr. Fassett as "the greatest enemy of united labor in New York state." Ovide Musin, the celebrated violinist, was married to Annie Louise Tanner by Rev. Dr. Thomas B. McCloud, of Brooklyn. At San Francisco D. A. McKinley, the Hawaiian consul, contradicts the report that Queen Lilinokolani is in ill health and that there are political complications. By a unanimous vote the presbytery of Buffalo has rejected the doctrine of preterition. Peter Maher, of Dublin, the champion pugilist of Ireland, has arrived at New York. The Democratic convention of Queens county, L. I., held at Jamaica, nominated Edward Floyd Jones for senator. The Democratic senatorial convention held in New Brunswick, N. J., renominated Senator Robert Adrian by acclamation. Thomas Lynch, the desperado of Ridgewood, N. J., was sentenced to six years in state prison for attempting to kill Miss Goodenough at Ridgewood on July 6. The Rev. James Brown died Monday at his home in Utica, N. Y., aged eighty-one years. John Hunter, of New South Wales, claims to be a cousin to the late A. T. Stewart, his father's sister, he asserts, having been Mr. Stewart's mother. Lieutenant Schwatka has returned to Victoria, B. C., from his Alaska trip, where a large unknown country was explored. Ex-Treasurer A. T. Decker, of the Hoboken Turtle club, has brought suit for $35,000 damages against the governors of the club for alleged libel in accusing him of dishonesty.


Article from Alma Record, October 9, 1891

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MEN AND THINGS. Geo. Wm. Curtis has been re-elected president of the civil service reform league. Philips & Cunninghan's oil warehouse, Philadelphia, burned Monday. Loss $500,000. The failures for the month of September number ,754, against 2, 196 for the same month last year. The boycott of the Anheuser-Busch brewing company has been declared off by the knights of labor. Henrietta Merrill, colored, was hanged Monday at Smithville, Va., for the murder of her 8 year-old child. Gov. Steel is at the head of a movement to have the territory of Oklahoma admitted to the union as a state. The navy department estimate for furwishing war vessels already under construction will be $16,000,000 this year. Yale seniors enjoyed their annual shirt rush last week. It was as silly and disgusting as any of its predecessors. James S. Sinclair, who owned a small farm in Lakota, N. D., has succeeded to the title and estate of the earl of Caithness. The exports from the United States during the 12 months ending Aug. 31 were valued at $909,264,438; imports, $839,039,241. S. V. White & Co. will resume business this week. Their assets, it is believed, will be nearly a half million above liabilities. Ralph Ray, of Durango, Col., who murdered his mother, has been arrested and pleads guilty. His father has become insane. Express Messenger Hottel, whose run was between Waco and Gatesville, Tex., has skipped with two packages containing $5,300. Andrew Anderson, Martin Nelson, and an unknown man were drowned by the capsizing of a rowboat at Ashland, Wis., Monday. The refunded 41/2 per cent bonds at 2 per cent amounts to $25,098,950, up to Monday night; the amount redeemed, $17,696,900. Maj. William McKee Dunn, of the Third artillery, U. S. A., died at Cushing's Island, Me., Wednesday. He entered the service at 18. Judge Paschal, of Texas, has refused to naturalize a socialist, R. V. Sauer, because his principles are opposed to those of the United States. The refunding of the 4Β½ per cent bonds at 2 per cent closed Wednesday. The amount continued is $25,364,500; redeemed, $18,009,600. The First national bank of Clearfield, Pa., closed its doors Wednesday, being unable to stand a run which had been made since last Saturday. T. v. Powderly says the knights of labor and farmers' alliance will hold a convention in Washington February 1st and nominate a candidate for president. The receipts of the government since September 1 amount to $28,385,000, an excess of $4,287,000 over ordinary expenditures during the same time. The United States treasury has $42,000,000 on hand. Which is about $100,000,000 more than it had when President Buchanan vacated the white house. There have been shipped from Duluth, Minn., during the past six weeks 6,500,000 bushels of wheat, of which, it is estimated, 4,000,000 bushels were for direct export. The auditor general of Pennsylvania testified before the legislative committee yesterday that for more than 30 years the state treasurers had bean in arrears during their terms. The sorghum sugar output in Kansas this year will be $,000,000 pounds, of beet sugar it is estimated that Nebraska, Utah and California will produce 24,000,000 pounds. Miners have been parading the streets in Houtsdale, Pa., vewing vengeance on the officials of the Dill bank at Clearfield, which have closed and in which they had all their savings. Ignatius Donnelly has sent a circular to farmers, urging them to hold their wheat for 30 days S longer. He says that farmers are now being robbed of one-third the value of their product. A merchant in Chicago turned over to United States secret service officers several thousand spurious 25c 50c and 10c pieces, a which had been passed in bis store for several years past.


Article from The Abbeville Press and Banner, October 14, 1891

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LATER NEWS. THE total 4Β½ per cent. Government bonds continued at two per cent. is $25,364,500. THIRD ASSISTANT JOHN MOORE retired from office in the Department of State to undertake the duties of Professor of International Law in Columbia College, New York. Mr. Moore has filled the position of Third Assistant Secretary since Mr. Bayard's accession to the office of Secretary of State. ACCORDING to a Census Bureau bulletin, there are 4510 nurseries in the United States, valued at $41,978,835.80. THE President has appointed ex-Governor E. J. Ormsbee, of Vermont, Land Commissioner in Samoa, vice Henry C. Ide, resigned. THE receipts of the Government since September 1 amount to $25,385,000. The net cash balance in the Treasury, inclusive of fractional silver and deposits in national banks, is stated at $42,000,000. BUSINESS is at a standstill in Savannah, Ga., owing to the spreading of the wharf laborers' strike. A FREIGHT train on the Erie Railroad collided with a passenger train near Kent, Ohio. Three were killed. They were: W. H. Maxwell, road foreman of engineers; Fireman Glass and Mrs. Dewey, of Richland, Mich. Twenty-two passengers were slightly injured. MCCARTNEY'S EXCHANGE BANK, of Fort Howard, Wis., has been robbed of $3000 in money and $4000 in Government bonds. AT the meeting of the National Civil Service Reform League at Buffalo, N. Y., George William Curtis was re-elected President. THE First National Bank of Clearfield, Penn., of which William H. Dill is President, closed its doors. President Dill authorizes the following: An unprecedented run, amounting to nearly $40,000, made it impossible to continue business, and, therefore, the bank suspends payment. W. F. GOULD, of Portland, was released from the Maine State Prison on a pardon by the President. He had served five years of a ten years' sentence for embezzlement while acting as cashier of the First National Bank of Portland. THE Canadian Parliament was prorogued by Governor-General Stanley. IT is reported that the troops in many places in Brazil have mutinied.


Article from The Wilmington Daily Republican, December 31, 1891

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# BANKER DILL'S HEARING. The Accused Financier Held in $30,000 Bail for Trial. CLEARFIELD, Pa., Dec. 31.β€”The hearing of William H. Dill, late president of the First National bank of Clearfield and the Houtzdale bank, of Houtzdale, took place in Squire McCullough. The information is made by John B. McGrath, formerly cashier of the Houtzdale bank, and charges Dill with having on May 15 drawn $25,000 of the Houtzdale funds out of the Chestnut Street National bank, of Philadelphia, and converting the same to his own use. The prosecution was represented by George B. Orlady, of Huntingdon; District Attorney Wilson and W. I. Shaw. Dill's interests were cared for by J. H. Orvis, J. F. Snyder, Oscar Mitchell and R. D. Swope. The clerks of the First National were called and identified the draft which was sent to Philadelphia, along with the daily statement. They testified that the draft was credited to the individual account of Dill by his order.. Receiver Haywood testified as to Dill's account, swearing it to be overdrawn $4,000 when he took charge. Cashier McGrath swore that he know nothing of the transaction until the Chestnut Street bank sent their statement in June, and that when he inquired of Dill's son he understood it had been drawn by the First National and that Houtzdale was credited on the First National books. After hearing the testimony the justice held Dill in $30,000 for his appearance at February quarter sessions. The bail was promptly furnished.


Article from The Wilmington Daily Republican, August 18, 1892

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Clearfield Bank Paying Up. CLEARFIELD, Pa., Aug. 18.-The defunct First National bank, of Clearfield, has just declared another dividend to its depositors, which makes a total dividend of 50 per cent. paid by the bank. It is said by the receiver, B. J. Haywood, that every depositor has a reasonable hope of getting his money in full by January next. The bank's ex-president, William H. Dill, and his family are now living in West Philadelphia.