17149. Canton State Bank (Canton, OH)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 24, 1905
Location: Canton, Ohio (40.799, -81.378)

Metadata

Model: gpt-5-mini
Short Digest: 7fc0915b

Response Measures

None

Description

The Canton State Bank suspended/closed on/about May 24-25, 1905 after discovery of large misappropriations and heavy overloans by Vice-President W. L. Davis and cashier Corwin D. Bachtel. Newspapers explicitly state the bank 'Closed' or 'suspended' and that there was no run on other Canton banks. Receivers were later appointed and the bank's affairs were liquidated (receivers' reports, dividends, indictments follow).

Events (2)

1. May 24, 1905 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Discovery/accusation that VP W. L. Davis and cashier Corwin D. Bachtel misappropriated large sums and heavy loans to Davis undermined bank solvency; led to suspension/closure.
Newspaper Excerpt: A placard bearing the one word Closed greeted depositors at the door of the Canton State Bank shortly after the opening hour this morning.
Source: newspapers

2. June 6, 1905 Receivership

Newspaper Excerpt: Judge Tayler appointed Jacob P. Fawcett receiver of assets of the property of William L. Davis. ... (Receivers named later for the Canton State bank in subsequent reports.)
Source: newspapers

Newspaper Articles (24)

1. May 25, 1905 The Sun New York, NY

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ACCUSED OF WRECKING BANK. Vice-President and Cashier Said to Have Misappropriated $200,000. CANTON, Ohio, May 24.-A placard bearing the one word "Closed" greeted depositors at the door of the Canton State Bank shortly after the opening hour this morning. Several hours later the bank officials issued a formal statement charging W. J. Davis, vice-president, and the cashier, Corwin D. Bachtel, with having misappropriated $200,000 of the institution's funds. Davis was regarded as one of the city's wealthiest men. He was at the head of numerous enterprises, including the Courtland Hotel Company, the Citizens' Head Light and Power Company, the Davis Railroad Coal Company and the Cleveland Brick Company. He is the owner of numerous coal mines in Ohio and West Virginia. Recently he built several coal mining villages along the Ohio River. The Courtland Hotel Company has just completed the erection of a new six story structure in which the bank is located. It is generally believed that considerable of the money taken went into the construction of this building, although Davis declines to say what became of it. Bachtel, the cashier, was prominent in local church and temperance work. He was on the official board of the Simpson Methodist Episcopal Church, treasurer of the District Anti-Saloon League, a director of the Y. M. C. A. and is connected with other similar institutions. In the failure of the bank the city of Canton loses $76,000, while the Citizens' Building and Loan Company is a depositor for over $400,000. The latter deposit is secured. A slight run was caused on the loan company this afternoon. The individual deposits of the bank amount to $600,000.

2. May 26, 1905 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, May 26, 1905

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Ohio Bank Closes By Associated Press. CANTON, Ohio, May 25.-The People's Deposit bank of Mineral City, Ohio, closed its doors today. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State bank yesterday. Directors of the Mineral City say it may resume business in a day or two.

3. May 26, 1905 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, May 26, 1905

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WEALTHY MAN ENDS LIFE MURDER INQUIRY LEADS TO SUICIDE OF LEADING CITIZEN OF SAVANNAH, ILL. Savannah, III., May 26.-Rothwell Pulford, reputed to be the wealthiest citizen of Savannah, committed suicide during the day, a few minutes after being questioned regarding the whereabouts of a revolver with which he was suspected of having slain Attorney Daniel S. Berry, former leading member of the Illinois legislature. Pulford has denied any knowledge of the killing of Berry, but became agitated when questioned concerning the revolver. The story has been widely circulated that Berry was killed as a result of attentions paid by him to a married woman. Pulford, on arriving at his store in the morning, found a newspaper man waiting for him with queries as to the revolver. As soon as the interviewer had left Pulford hurried home and, going to the hayloft of his barn, shot himself dead. When Daniel Berry was killed in Pulford's Opera House last Monday and the authorities began to question Pulford it was evident to those who knew him best that Pulford's mind was giving away. "He is not mentally sound," said Chief of Police C.S. Barker two days ago. "I am afraid he will kill himself." Similar fear was felt by Mrs. Pulford. Pulford's death ends the life of a man who rose from a poor boy to the position of one of the wealthiest men in this section of Illinois. A tireless worker he accumulated money fast and besides owning much of the most valuable real estate of Savannah he was the president of the Commercial bank and the owner of the electric light system. 3. Another Ohio Bank Fails. Canton, O., May 26.-The People's Deposit bank of Mineral City, O., closed its doors during the day. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State bank Wednesday.

4. May 26, 1905 Evening Star Washington, DC

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Ohio Bank Failed. The People's Deposit Bank of Mineral City, Ohio, closed its doors yesterday. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank yesterday. Directors of the Mineral City Bank say it may resume business in a day or two.

5. May 26, 1905 Evening Star Washington, DC

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The Canton Bank Failure. There was but little flurry among depositors of Canton (Ohio) banks yesterday as a result of the failure of the Canton State Bank. There has been no run on any bank and depositors are being given cash on demand. Positive assurance is renewed by bankers that no other bank will be affected. Although warrants for two arrests had been prepared, they may not be served. A meeting of all the bankers of the city was held to make a satisfactory adjustment of the financial affairs of the closed bank.

6. May 26, 1905 Evening Journal Wilmington, DE

Article from Evening Journal, May 26, 1905

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Another Canton Bank Falls. Canton, O., May 26.-The People's Deposit Bank, of Mineral City, O., has closed its doors. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis, of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank. Directors of the Mineral City Bank say it may resume business in a day or two.

7. May 26, 1905 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, May 26, 1905

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Suspension of an Ohio Bank. CANTON, Ohio, May 25.-The People's Deposit Bank of Mineral City, Ohio, closed its doors to-day. The president of the institution says loans of about $50,000 have been made by the bank to W. L. Davis of Canton, whose heavy loans are said to have caused the suspension of the Canton State Bank yesterday. Directors of the Mineral City say it may resume business in a day or two.

8. May 30, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, May 30, 1905

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of the doors of the Canton State bank has subsided, and the feeling of the depositors, stockholders and creditors is that the only thing now to do is to turn the affairs over to competent parties who can be trusted and liquidate ffairs as economicaly and quickly as possible. The plans of the stockholders and creditors for the continuing of the business of the bank had to be given up when it was discovered that W. L. Davis had large obligations outside of bis indebtedness to the bank, and that these outside creditors will, of course, share in the property that was turned over to the bank some days ago. It is thought that Davis' indebtedness aside from that of some of the companies In which he is interested will reach between $600,000 and $700,000. The great majority of the stockholders seem to be willing to do all that they can to protect the depositors, and it is expected that the greater number will promptly pay the 40 per cent on their shares of stock, thus bringing quite a sum to the relief of the bank. It is not expected, however, that anything can be realized upon the stock of Davis and Bachtel. The former is the heaviest stockholder, having 805 shares, while Bachtel has 490. MINERAL CITY FAILURE. The Mineral City bank, in which Davis was a heavy stockholder, closed its doors Thursday morning to prevent a run. Its condition IS being investigated and no definite news as to its solvency can be secured until the inspection is completed. The bank was started by Alfred Davis, now deceased, the father of W. L. Davis. The bank has a capital stock of $25,000 and it is said that Davis has borrowed sums aggregating $50,000, to secure which there are some collaterals, the real value of which cannot be ascertained. The depositors are quite numerous, and there is a great deal of excitement ( in the village. ( THE CITY IS SAFE. The city of Canton will not lose TO anything at the hands of the State F bank. Treasurer Bidwell, who is ill in a Cleveland hospital, will be at home E Sunday, it is thought. The city is proE tected by a bond of $200,000 given by M the Bankers' Surety Co. of Cleveland, C and the records show that the council L had not at any time created a deposA itory for the city funds, but on the N other hand the Surety company had M given its consent to Treasurer Bidwell I to deposit money with the State bank, G and also seven other banks of Canton. J The State bank held the largest G amount. L The directors of the State bank had M a meeting last evening and decided to M submit a proposition to the creditors. J J It is thought that the affairs of the institution can be better subserved by и H the appointment of competent persons M to close up the affairs, rather than go M through the expense of bankruptcy. A W resolution was adopted which will be K submitted to all interested parties for M approval. E The stockholders of the Canton State A bank include many of the substantial G citizens of this city. From the recB ords at the auditor's office the News A has secured the complete list of stockM holders, with the amount of stock, Je which is published below. There are in all 6,000 shares, each share having a face value of $50, upon which $30 has been paid. The list follows: Shares 5 John L. Allman, Canton

9. June 5, 1905 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, June 5, 1905

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GIRL'S QUICK WIT How Mins Florence Bidwell. Saved $30,000 to Canton's Treasury. The failure of the Canton (O.) State bank developed a heroine in the trim little person of Miss Florence Bidwell, daughter of City Treasurer Bidwell, says a special dispatch from Canton, O., to the Washington Post. Miss Bldwell saved the city of Canton $30,000. The State bank was a city depository and had $106,000 on deposit there the day It suspended. The bank opened its doors as usual the other morning. But they were open only twenty minutes. This was enough for Miss Bidwell. When she reached the city treasurer's office, where she had been in charge in the absence of her father, who is ill in a hospital in Cleveland, Assistant City Treasurer Coyle, who was also employed at the bank, gave her a tip over the telephone on what was going to happen. Miss Bidwell is only eighteen, but she showed quickness of thought and mature judgment enough for a person twice her age. Quickly putting on her hat, she slipped over to the bank and asked Coyle how much cash the city could have. About all the cash in the bank was a bag containing $30,000 in gold. The proper check was made out, Coyle took the gold from the vault and at the girl's request helped her with It back to the city treasurer's office. By the time Coyle reached the bank again it had been decided to suspend, and the doors were closed.

10. June 6, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, June 6, 1905

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In the United States district court at Cleveland yesterday Judge Tayler appointed Jacob P. Fawcett receiver of assets of the property of William L. Davis. His bond was fixed at $50.000. C. C. Bow was appointed receiver of the Cleveland Brick Co., with bond at $50,000. William L. Stolzenbach was appointed receiver of the W. L. Davis Railroad Co. George H. Clark was appointed receiver of the Mineral City Supply Co. His bond was placed at $10,000. The receivers qualified and took possession last night. Attorneys Shields, Thayer and Pomerene made the applications. AN ASSIGNMENT. An assignment was made in the probate court Thursday by the Swaim & Reed Stave and Lumber Co. of Michigan avenue. The assignment is due to the failure of the Canton State bank. Corwin D. Bachtel, ex-cashier of the bank, is secretary and treasurer of the lumber company. The bank is said to be interested to some extent. Assets of the company are placed at $6,000. Harry E. Fife was appointed assignee. PETITION FILED. In the common pleas court yesterday Joseph Herman, Kate Herman and Elizabeth Baker, through Attorney C. T. Meyer, filed a petition to enforce the stock liability of the stockholders of the defunct Canton State bank. Plaintiffs also ask for a full hearing and investigation to ascertain the creditors and amounts of their claims. It is asked that the persons who held stock prior to Nov. 25, 1903, and who no longer hold stock, be made liable for indebtedness created prior to that time to the amount of 100 per cent on each share held. Plaintiffs state that the shares of the bank were valued at $50 each, of which the stockholders paid in 60 per cent, and that there is still unpaid 40 per cent. It is alleged that the stockholders are liable to the creditors for $20 on each share and an additional 100 per cent.

11. June 9, 1905 The Midland Journal Rising Sun, MD

Article from The Midland Journal, June 9, 1905

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NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic, Col. Andrew Jackson, of Nashville, has sold the Washington chair to the Mount Vernon Association for $7,500. It was willed to Dr. Craik by General Washington. Members of the Craik family presented it to General Jackson. At Cleveland three men were killed by a sudden rush of-steam in a boiler which they were repairing at the American Steel and Wire Companies' furnaces. The annual meeting of the stockholders of the Pennsylvania Railroad Company was held in Pittsburg. The annual report shows an increase in net earnings. Seniors of the Zanesville (0.) High School are in revolt because the juniors will wear white duck trousers during commencement week. In Cincinnati W. G. Baldwin, of Roanoke, Va., was re-elected president of the Association of Special Railway Agents. In Ravenswood, a suburb of Chicago, an unidentified robber was shot and killed. The Masonic Temple in Toledo, erected at a cost of $425,000, was dedicated. Vice President Fairbanks and family arrived in Chicago from the Northwest. Master plumbers are holding their annual convention in Atlanta. A tidal wave four feet high swept over Lake Michigan. In New York, Charles H. Hyde, representing Justice William J. Gaynor and the other executors of the estate of the late William Ziegler, filed the will of Mr. Ziegler. Mr. Ziegler leaves his residuary estate to his adopted son, William Ziegler, now 14 years of age. A conservative estimate of the estate is said to be $30,000,000 as it stands, but this sum will undoubtedly be largely increased by the time the young man reaches his majority, at which time he will enter into the enjoyment of an income probably exceeding $1,000,000 a year. Samuel Lobley, of New York, who confessed to taking part in an alleged conspiracy by which the Equitable Life Assurance Society was induced to loan $55,000 on a life insurance policy, confessed and was sentenced to eight years in Sing Sing prison. An action to revoke the charter of the General Paper Company will probably be brought by the Attorney General of Wisconsin. Counsel for James H. Hyde issued a statement outlining the position of Mr. Hyde in reference to the attack made on him. Johann Hoch, the convicted wife-murderer, was sentenced to be hanged June 23 at Chicago. Notable discoveries of relics of Moundbuilders have been made near Montezuma, III. Douglas M. Kilpatrick, former United States subtreasurer, died at New Orleans. Governor Higgins has signed the bill abolishing fake hotels in New York city. Baron Moncheur, the Belgian minister, sailed from New York for Dover. Brodie L. Duke has sued Mrs. Alice Webb Duke for divorce in New York. Gen. H. V. Boynton died at Atlantic City of a complication of diseases. Speaker Cannon and a party of congressmen will visit Southern Alaska. By a combination of the forces of President Alexander and Vice President Hyde and Tarbell the report of the Frick committee, which investigated the affairs of the Equitable Life Assurance Society, was rejected by the directors. The report recommended the withdrawal of Messrs. Alexander, Hyde and Tarbell from their positions. Mr. Frick resigned as a director. The Avenue Theater, in Pittsburg, was burned, and the Grand Opera House adjoining was badly damaged. The audience was quietly gotten out -of the opera house without a panic. The loss is $150,000. Jimmy Hope, the old safe-breaker and the man who pulled off the famous Manhattan Bank robbery in New York in 1878, died suddenly in his wife's arms. While engaged in unloading a car of sand, workmen found bonds and securities valued at $300,000. They had been stolen from the Wilmington (III.) Bank. A committee of the Minneapolis Chamber of Commerce has decided that the squeeze in May wheat was not a corner. The Pennsylvania Railroad will establish daily train service of 18 hours each way between New York and Chicago. Peter Thomas, a negro, was hanged at Albany, Ga., for the murder of a town marshal. Seventeen-year locusts have appeared in Southern Wisconsin. The Philadelphia City Councils withdrew the gas lease and confirmed Mayor Weaver's appointments to the places made vacant by the removal of the director of public safety and the director of public works. Judge Tayler, of the United States District Court. in Cleveland, O., appointed Jacob B. Fawcett receiver of the assets of William L. Davis, vice president of the closed Canton State Bank. loreign. Premier Tisza denied, in the Hungarian Parliament, the intimation that the

12. August 11, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, August 11, 1905

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# CORWIN BACHTEL RECEIVES NOTICE TO TELL COURT THE AMOUNT OF HIS PROPERTY. Suit on Promissory Note-Action For Divorce-Suit to Set Aside a Davis Deed. A motion was made before Probate Judge Aungst yesterday afternoon, asking that Corwin D. Bachtel be summoned to the probate court to answer under oath the amount of property now in his possession. The motion was filed by Attorneys Lynch, Day & Day in behalf of Henry A. Wise and James G. Barbour, receivers of the Canton State bank. A recent decision of the common pleas court rendered judgment in favor of the plaintiffs in this action against Mr. Bachtel in the sum of $8,196.20. The purpose of the motion made yesterday is to recover the amount of this judgment. The case will be given a hearing on Monday at 1 o'clock. Leonard M. Neyens has brought suit against W. C. Watson for $42.50, claimed to be due on a promissory note. The case is appealed from the court of Mayor O. U. Walker of Alliance. Attorneys Hart and Koehler represent the plaintiff. Through his attorneys, Hart & Koehler, Charles J. Knapp has filed a suit for divorce against Nettie Knapp. The plaintiff charges that his wife has been absent for the past three years. They were married in 1896 and have no children. As trustee in bankruptcy for Wm. L. Davis, J. P. Fawcett has filed a suit in common pleas court to set aside the deeds of W. L. Davis conveying property to the W. L. Davis company and his wife. The property transfers, it is charged, were made shortly before the Canton State bank failure, and with the intent to hinder and defraud the creditors of Mr. Davis. The property in question is valued at $170,000. Shields, Thayer & Pomerene filed the petition. Webber & Turner represent the defendants in the action. Yesterday afternoon T. H. Seaman and other property holders on Henry street of Massillon, filed by their attorneys, Sterling & Braucher, of Canton, a petition in the court of common pleas, asking that an order be issued restraining the city council of Massillon from levying assessments for the paving of Henry street and restraining the board of service from paying for the work. The order is issued temporarily, pending the hearing, which is appointed for next Monday morning at 9 o'clock, when the order will be made permanent or dismissed. The petitioners contend that the pavement is not laid according to contract and that the specifications have not been lived up to, and for that reason object to the assessment.

13. September 15, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, September 15, 1905

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RECEIVERS' REPORT, CANTON STATE BANK OVER $120,000 HAS ALREADY BEEN COLLECTED. Not Yet Possible to Estimate How Much Will Be Realized From the Assets. Henry A. Wise and James G. Barbour, receivers of the Canton State bank, in obedience to an order of the court, have filed the report of the bank's liabilities, together with a summary and expenditures to date. The report is filed in the case of H. E. Linton and Kate R. Linton vs. the Canton State bank. The receivers have not yet finished their work on the accounts and are yet unable to estimate the total to be realized from the assets. The disrupted bank claims in which the receivers question the liability of the bank, amount to $14,726.83. The total amount collected by them is $120,040.43, while the total disbursements to date, in the way of expenditures, are $1,505.96, making a balance of $118,534.46 cash on hand. In the recapitulation of assets, according to the schedule of property and assets filed by the receivers at the close of the month of July, the following items were included: Loans and discounts $448,468.11 40,000.00 First mortgage bonds Overdrafts 9,633.96 Cash items 20,304.66 Letters of credit 1,464.00 Transit items not remitted 18,053.75 24,927.59 Due from banks and bankers Cash collected and deposited in Canton banks 82,174.10 Unpaid stock subscriptions 118,990.00

14. September 15, 1905 The Stark County Democrat Canton, OH

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Totals $764,016.20 # SUMMARY OF LIABILITIES. The report of the liabilities as made by the receivers of the bank, follows:. Total checking accounts claimed, not making claim for set-off or pref-erence, $150,670.87. Total checking accounts for which no claims have been filed, $3,070,52. Total checking accounts claiming set-off, $20,263.73. Total checking accounts claiming preference, $25,130.31. # SAVINGS ACCOUNTS. Total savings accounts claimedl not making claim for set-off or pref-erence, $74,270.84. Total savings accounts for which no claims have been filed, $2,555.55 Total savings accounts, claiming set-ofi, $21,001. Total savings accounts, claiming preference. $1,302.97. # DEMAND CERTIFICATES. Total demand certificates, not making claim for set-off or prefer-ence, $3,325.18. Total demand certificates for which no claims have been filed, $20.08. Total demand certificates, claim-ing set-off, $30. Total demand certificates, claim ing preference, $2,731.23. # TIME CERTIFICATES. Total time certificates claimed, not making claim for set-off or pref-erence, $99,208.23. Total time certificates for which no claims have been filed, $5,142.65. Total time certificates, claiming-set-off, $16,073.81. Total time certificates, claiming-preference, $846.99. Total miscellaneous claims, drafts, current bills, etc., filed, $1,676.62. Total miscellaneous claims. claim-ing set-off, $60. Total miscellaneous claims. claim-ing preference, $27. Total claims on drafts, claiming set-off, $377.08. Total claims on drafts, claiming preference, $1,507.64. Total miscellaneous items as shown by the books of the Canton State bank including drafts, no claims filed, $22,380.61. Total of all liabilities, $451,763.30.

15. October 11, 1905 The Fulton County News McConnellsburg, PA

Article from The Fulton County News, October 11, 1905

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Bank Officials Indicted, Canton, O. (Special).-The grand jury returned indictments against W. L. Davis, vice president, and Irwin D. Bachtel, cashier, of the Canton State Bank, now in the hands of receivers. Davis is held for embezzlement of $15,300 and for grand larceny of the same amount. Bachtel is indicted for the same two offenses, and an additional indictment is placed against him charging false entries on the bank's books.

16. November 28, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, November 28, 1905

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WIFE'S AFFECTIONS ALIENATED WERE NOT WORTH $500 DAMAGES According to Attorneys-A New Trial Asked For-December Term of Probate Criminal Court. Attorneys Sterling and Braucher have nied FL petition in common pleas court, asking for a new trial in the case of August Schwartz vs. Thomas Leighton. They state in the petition that new evidence has been discovered by the defendant since the decis on rendered against him was made. They also state that $500, the amount of damages awarded to the plaintiff was too large. PROBATE CRIMINAL TERM. Jurors have been drawn for the December term of probate criminal court, which begins December'5. There will be a dozen or more cases taken up, the principal one being against Elmer Sheu, principal of the Hartford street school. The following men have been chosen as the jurymen: Charles Oberlin, Tuscarawas township; W. C. Kingsworth, Canton; I. R. Stoner, Plain township; John Warstler, Nimishillen township; J. C. Nunamaker, Nimishillen township; C T. Oldfield, Canton; G. W. Oliver, Canton; W. H. Shanafelt, Canton township; I. N. Sickafoos, Pike township; D. H. Warstler, Plain township; F. E. Gleitsman, Massillon; J. J. Rose, Massillon. DITCH CASE FINISHED. After a trial lasting about two weeks in the case of Doolin vs. Miller the jury at noon Friday brought in a verdict in favor of the defendant without damages, throwing the cost of the case upon Doolin. The trouble was over ditch work done on the defendant's farm, which the defendant claimed was not properly done. ASK TO SELL STOCK. The receivers of the Canton State bank have asked permission of the common pleas court to dispose of ten shares of artificial ice stock' held by them as collateral security for a loan made W. L. Davis. They state that the best offer which has been made for the stock is $350, the par value being $1,000.

17. December 15, 1905 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, December 15, 1905

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DIVIDEND TO STATE BANK DEPOSITORS. APPLICATION GRANTED Receivers Wise and Barbour were Instructed by Judge Ambler to Begin Immediate Payments to Creditors. Judge Ambler granted the application made by Receivers Wise and Barbour of the Canton State bank, for the payment of a dividend to the depositors of the bank Wednesday morning. He instructed them to begin the immediate payment of the dividends, which will be twenty per cent. The receivers have in their possession at the present time $138,897.23, after paying all expenses. They have retained the sum of $40,000 which the receivers say are for the payment of preferred claims. The report shows that the total debts of the institution are $493,000. In regard to créditors of the bank who are indebted to them on stock subscriptions the motion contains the following statement: "In respect to all creditors of the bank, who are indebted to the bank on stock subscriptions, the receivers shall apply to dividends due such creditors respectively upon their unpaid stock subscription and shall then pay the balance of the dividend, if any, to such creditor; such application of dividend shall, however, be without prejudice to the rights of such delinquent stockholders as claim the right by their pleadings in this case to set off their stock liability against their claims." JURY EXCUSED. Judge Harter sent a call to the jury who were deliberating in the Walker $25,000 damage case against the Canton-Akron Railway company, at noon Wednesday and no agreement having been reached he excused them from further deliberating. They will report this morning before Judge Harter ready to take up another case. BROWN FINED. Probate Judge M. E. Aungst just before the Scheu case took up in his court room Wednesday morning, fined George Brown who was found guilty of stealing a pump jack last week, $20 and costs, which will aggregate about $100. Because the costs will be so high Brown was not given a workhouse sentence. A motion for a new trial was overruled previous to the fining.

18. January 12, 1906 The Montgomery Tribune Montgomery City, MO

Article from The Montgomery Tribune, January 12, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed: receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29--Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200,000. Apr. 3-Ladoga, Ind., bank; assets $80,000, liabilities $109,000. 24-Canton, O., state bank closes Lexington, Okla., First national bank fails. 26-Barberton, O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, Ill., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 21-Western bank, Louisville, Ky.: due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Ch'cago. Chicago National, Home SavIngs and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank, Memphis, Tenn., close doors; first named in liquidation.

19. January 13, 1906 The Grenada Sentinel Grenada, MS

Article from The Grenada Sentinel, January 13, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29-Pan-American bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200,000. Apr. 3--Ladoga, Ind., bank; assets $80,000, liabilities $109,000. 24-Canton, O., state bank closes Lexington, Okla., First national bank fails. 26-Barberton, O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands. 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, III, national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 21-Western bank, Louisville, Ky.; due to overloans. Sep. 19-Minot, S. D., national bank closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Ch'cago. Chicago National, Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of $26,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank, Memphis, Tenn., close doors; first named in liquidation.

20. January 26, 1906 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, January 26, 1906

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OHIO NEWS. Happenings in the Buckeye State. INDICTMENTS FOR SIX. They are Returned in Connection with the Affairs of a Canton Bank that Suspended. Canton, O., Jan. 20.-Corwin D. Bachtel, cashier, and William Davis, vice president of the defunct Canton State bank, have been reindicted by the Stark county grand jury for embezzling funds of the bank and for making false entries. Bachtel and Davis were indicted last September, but a clerical error was made in the indictments, making a date 1904 instead of 1905. The indictments were nolled. The embezzlement charges for which Bachtel and Davis are indicted cover loans amounting to $30,000 which it is claimed were made without warrant of law to Davis by Bachtel. There were also alleged misstatements made as to about $300,000 of the bank's funds. Harvey H. Miller, a prominent business man and politician, C. A. Walters and C. C. Lawrence, former bookkeep. ers in his employ, and C.C. Van Horn, teller of the defunct Canton State bank, have also been indicted. Mr. Miller is charged jointly with Cashier Bachtel with embezzling funds of the bank by having a draft of a fraudulent nature on the Mansfield Linseed Oil Co. cashed. Van Horn, Lawrence and Walters are charged with Miller and Bachtel with having made false entries and with a fraudulent issue of a certificate of deposit. The amounts named are over $10,000.

21. January 26, 1906 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, January 26, 1906

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RESTRAINING ORDER. Judge Harter Thursday morning is- sued a restraining order preventing E. D. Hester, of Alliance, from erect- in a stairway in the home which he now occupies and which is owned by Isauore and Joseph Kock. It is claim- ed that Hester's building plans would result in irreparable damage to the home. Attorney Hart and Koehler represented the plaintiffs. TO FORECLOSE MORTGAGE. Attorney William H. Smith, in be- half of the Dime Savings bank com- pany was filed a suit in common pleas court against William H. Burgener, as guard an of J. 1. Holden, to recover the payment of an alleged $1,000 prom- sory note, with interest from July 6, 1904. The plaintiff asks that a mort- gage security be foreclosed and the prcceeds applied to payment. DIVORCE SUIT. Elda L. Whitacre filed a petition in common pleas court Thursday af- terncon against Albert W. Whitacre asking for a divorce and the restora- tion of her maiden name, Summer. Cruelty is the charge made. A re- straining order is also asked prevent- ing the defendant from disposing of their property. Attorney J. J. Grant represents the plaintiff. DIVORCE GRANTED. Judge Harter granted a divorce to Catnerine Bucher from Martin W. Bucher Thursday afternoon. Welty and Albaugh were attorneys for the plaintiff. The divorce case of Eliza- beth Neidlinger, of Massillon against Valentine Neidlinger was started be- fore Harter late Thursday afternoon. The charges are cruelty. The case will be continued this morning. Willison and Day are attorneys for the plain- tiff and Prosecutor Upham represents the defendant. COURT ASSIGNMENT. Deputy Clerk of Courts Agler has completed next week's court assign- ment. As Judge Ambler will be in Carrollton court will only be held in Judge Harter's room. On Monday the arraignments of prisoners, with the exception of those involved in the Canton State bank cases, will be held. The assignment of cases is as fol- lows: Tuesday, Jan. 30. Shumaker vs. Ir- win et al; Stark I. and M. Co., vs. Em- merman bros. Co.; Oliver vs. Dorrance et al; Edney vs. Reeves; Shufelt vs. Shufelt's adm'r. Wednesday, Jan. 31-Moore vs. News- Dem. Pub. Co.; Clark vs. Ducomb et al; Clark vs. W. & L. E. R. R.; Con- rer vs C. A. R'y Co.; Weaver vs. Sny- der et al; Deibel vs. Hoberdier et al. Thursday, Feb. 1.-Loutzenheiser vs. Kreibrill et al; Kaltenbach vs. Pocock Coal Co.; Graham vs. Ins. Co.; Graham vs. Ins. Co.; Neyens VS. Walters; Dennis & Dickey vs. Penna Co. Friday, Feb. 2.-Little's Adm'r. vs. C. T. & V. R. R.; Carnahan S. E. Co. vs. Canton Hollow Block Co.; Cris- well vs. Canton City; H. Middleton Co. vs. Diamond Metal Lath Co.; Harlan vs. Canton City; Schuff et al vs. Al- liance City. PETIT JURY DRAWN. The pet't jury for the January term of common plea court will convene before Judge Harter on Tuesday morn- ing. The following is the jury as drawn: Levi Bates, Washington; Jacob W. Smith, Canton; David Bates, Paris; Milton Shaeffer, Canton; H. Budd Pounds, Canton; Frank Baird, Can- ton; H. R. Bennett, Bethlehem; John Teeples, Lake; Jacob Schilling, Tus- carawas; Marion Ake, Osnaburg; Wil- liam Martin, Massilion; George W. Young, Lake; Henry, Margo, Canton; Abraham D. Coldren, Canton; Louis Ruch, Lawrence; William S. Ring- genberg, Canton; Samuel Holibaugh, Nimishillen. JUDGE HOLE TO PRESIDE. The attorneys for those indicted by the last grand jury in connection with the Investigation of the Canton State bank trouble met in the attorney's room in the court house yesterday and decided that Judge W. W. Hole, of Columbiana county would be a suitable selection to preside over the trials.

22. March 30, 1906 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, March 30, 1906

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was competent, and admitted it. Then Attorney Craine read the resolution of the directors passed on May 5, 1900, appointing a teller at a salary of $65 a month. Leroy Coyle was also named as a bookkeeper at that time The appointments were for one year. Mr. Wagner's evidence was important as showing Van Horn to be a regular employe of the bank. He was not cross-examined. ### W. H. HOOVED CALLED. W. H. Hoover, of New Berlin, was next called. He said he was about the bank during the last two years. He saw Van Horn there acting as both teller and bookkeeper. Bachtel, the witness said, was cashier. Hoover was not cross-examined. ### HARVEY P. PACKER. Harvey P. Packer, a bookkeeper for W. L. Davis, vice president of the Canton State bank, was called and said he was employed by Davis for 13 years. He was shown a check which he identified. This he deposited in the Canton State bank. It was the one which figures in the Indictment. On a note attached to this was the word "hold." Packer made out the check to himself and endorsed it in the absence of Davis, supposed to be the real maker, and took it to the bank, together with the deposit check. The witness was shown the stub on the check book. The defense objected strenuously to the reading of the stub which was allowed under objection. The word "hold" was written by the witness an hour or two after the deposit was made. He went to the bank and asked an employe to pin the slip marked "hold" upon it after the bank had closed. The witness could not remember when he saw the check the second time, so a second check, a duplicate of the first, was shown him. This was made May 1, 1905, to replace the original. Packer said he went to the bank with the second check to take up the first one. The first check, made Dec. 22, 1904, the deposit slip and the check made May 1, 1905, were offered in evidence, together with the slip marked "hold." All except the second check were admitted under exceptions, which were sustained in the case of the second check. ### AFTERNOON SESSION. When court reconvened at 1 o'clock Tuesday afternoon Packer was put on the stand again and cross-examined by Attorney Siddall. He was questioned at length as to the notations on one of the check-book stubs. Witness could not tell where Davis was when he (Packer) drew the check on Dec. 22, 1904. The checks, he said, were left blank and signed by him. Attorney Siddall persisted in declaring that Packer did not appear positive as to anything, but had merely used his best recollection. To this side remark Attorney Craine objected, and the court sustained this objection. Davis, it appeared, drew up a check on a stone company for the purpose, he admitted on redirect examination, to give credit to Davis' personal account and not the account of the stone company. ### RECEIVER BARBOUR ON STAND. James G. Barbour, one of the receivers of the Canton State bank, was next called to explain about the bookkeeping system in vogue at the bank. He described the various books and records, which be brought along. He was asked to produce a daily ledger and brought up a book. He said it was the daily ledger. He turned to an entry of Dec. 22, 1904. He said Van Horn made the entries on page 286. Attorney Craine offered the book and entry as evidence. This was strenuously objected to by the defense, which sought to interrupt the direct examination so as to cross-examine. The court ruled against Attorney William A. Lynch, and declined to admit the entry at the present time. Barbour was shown another book, the journal, and identified an entry made there by Van Horn corresponding with the entry in the daily ledger. It was soon after this that the question of admitting this in evidence was brought up. This precipitated the above move on the part of the defense to knockout the indictment.

23. January 8, 1907 The Richmond Palladium Richmond, IN

Article from The Richmond Palladium, January 8, 1907

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A Number of Rulings Made by Highest Tribunal in the Land Yesterday. MOODY'S FIRST DECISION NEY YORK'S STOCK TRANSFER CASE DECLARED VALID-OHIO BANK CASES WERE DISMISSED FROM DOCKET. [Publishers' Press.] Washington, Jan. 7.-In an opinion by Justice Brewer the supreme court dismissed the so-called Canton bank wrecking cases dealing with questions involved in the failure last spring of the Canton (Ohio) State bank. There were five of the Canton cases before the court, representing 25 indictments, and of the five two were against Corwin D. Bachtel, cashier of the bank, and one each against William L. Davis, a vice president and director; Charles H. Van Horn, teller, and Har- and H. Miller, a customer. These vey other indictments were returned 19 the grand jury of Stark county Ohio last May, by under what is known as the free banking law of the state, which provides for imprisonment from -one of to ten years.of any officer or agent to a bank who in any way attempts deceive or defraud. The indicted men made an immediate effort to secure release by means of writs of habeas corpus, and failing in the state courts, brought their suits to the supreme court. As that court refused to take cognizance of the case, they met with no better success. They relied entirely on establishing the unconsti- the tutionality of the law under which' proceeding against them was brought, contending that as the punishment provided for was made only to banks there incorporated under that statute, was discrimination such as to prevent in equal treatment before the law that provision was intended to apply some members of a class of persons, to and not to the class as a whole. order The effect of the supreme court will be to leave the cases in the state courts, at least for the present. The supreme court of the United g States announced its decision in the t stubbornly fought contest over street privileges in Cleveland, Ohio. The by opinion car of the court was presented deJustice Peckham and affirmed the 0 cision of the United States circuit i court for the northern district of II b Ohio. The suit involved the right to opera street car line on Central aveCleveland, for which both the and old t company, iue, the Cleveland Electric the new, the Forest City, contended, the former under a franchise, it urged, and S perpetual, or good until 1913, 5 was the latter under an ordinance passed of I 1904, granting to it a "renewal Central 00 the right to operate a line on for venue." The old company asked N njunction against the city, and the by company, which was granted the Judge new Taylor, who also held that ranchise of the old company expired h March 22, 1905. The city was prohibA ted from putting the Forest City V company in possession of the the ordinance other

24. March 22, 1907 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, March 22, 1907

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# HE MADE GOOD (Continued from Page One.) tificates was the best and most tangible way. The books were produced and Bachtel testified that they had been so entered and that the handwriting was his. # BACHTEL'S REPORT. The making up of the report of October 12, 1904, to State Auditor Guilbert was next gone over. Bachtel stated that the blanks for the report to the state auditor do not contain sub-divisions of individual deposits. He swore that the only possible way to enter the $19,000 certificates of deposits was by putting it under the general item of individual deposits. A lengthy reproduction of the report to the state auditor was placed on an easel directly in front of the jury. Attorney Welty pointed out plainly each amount in question. H. H. Miller was the originator of the idea. # MORNING SESSION. At 9:15 Prosecuting Upham informed the court that the state had finished. Attorney Welty addressed the court stating that he wished to further cross examine several of the state's witnesses. Receiver James E. Barbour was called and asked if he had received several large pocket-books among the effects of the bank at the time he took charge as receiver. He answered in the affirmative. Leroy Coyle on cross examination was asked where the certificates of deposit were kept. The counsel for state and defense argued for some lime as to permissability of such cross examination. The court stated that the question was no doubt competent but that he was doubtful of the advisability of allowing the defense to go into such cross examination since the state had closed their rase. Judge Hole ruled that the defense had opened their case and that the form of examination was not in order although the particular question was competent. Attorney Welty for the defense filed a lengthy exception and Coyle was excused. # ASKED FOR ACQUITTAL. The defense then interposed a motion to have the court direct the jury to bring in a verdict of not guilty. The defense's contention on this score was that the state had not introduced sufficient evidence to substantiate the Indictment. Bachtel, they said, had been charged with having made a false report in the sum of $179,982, while the state had only accounted for $19,000. # OVERRULED The court overruled the motion and instructed the defense to proceed with their case. Upon the call of Upham for a separation of witnesses, the defense instructed W. L. Davis and Expert Accountant Blythe to leave. Blythe is in the employ of the defense. The above two and Coyle and Bachtel will testify for the defense. Coyle was questioned closely on his knowledge of the certificates of deposit in question. Welty did his best to have Coyle testify that he knew to whom the certificates of deposit belonged. Each query to Coyle was objected to by the state and he left the stand without having answered the desired question. W. L. Davis, a director and the first vice president of the Canton State bank, was called next. His examination was conducted by Turner. # DAVIS' TESTIMONY. Davis testified that the board of directors took action at their meeting of June 4, 1904, to have Bachtel continue in carrying the Schucker re-discounts as individual deposits. He said that Bachtel had suggested at this meeting that the Schucker re-discounts which had been carried for some time as individual deposits should be shifted to their proper place under re-discounts. The board, however, Davis testified, instructed Bachtel to continue carrying them as individual deposits and that he should reduce them as rapidly as possible. In the cross examination Attorney Craine went directly into the question of the impending indictments against Davis. This was done to question his credibility. The defense objected and a recess of ten minutes was allowed to argue the question. # OVERRULED AGAIN. After a recess of ten imnutes and the study of authorities the court overruled the defense's objections. Davis said there were a number of indictments against him but did not know how many. He added that he thought he could meet them. Craine retaliated and said: "You will not have any choice but will have to meet them." "You are indebted to the bank in the sum of $415,000, are you not?" Defense's objection sustained. "You are quite a warm friend of Bachtel's?" "Yes." "You were in conference with Bachtel's attorneys last night were you not?" "Yes, I was." "You talked over testimony, did