17220. Commercial Bank (Cincinnati, OH)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: March 27, 1895
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: 7234ef24

Response Measures

Full suspension, Books examined

Description

Multiple contemporaneous articles (dated March 27, 1895) report an unusually heavy run that forced the Commercial Bank to notify the clearing house it could not pay its day's clearings; the clearing house ordered an investigation after the bank presented paper (and had to make good $50,000 of bad paper). The bank assigned (deed of assignment) to its cashier the same day, indicating permanent failure/closure. Classified as run → suspension → closure. OCR variations in some articles (e.g., surplus listed inconsistently) noted but do not affect event classification.

Events (3)

1. March 27, 1895 Receivership

Newspaper Excerpt: Later in the day the bank assigned to W. H. Campbell, who was cashier of the bank. ... The directors ... ordered the attorneys to draw up the deed of assignment, which was filed a few minutes later.
Source: newspapers

2. March 27, 1895 Run

Cause: Bank Specific Adverse Info
Cause Details: Unusually heavy withdrawals precipitated after the bank was compelled to make good $50,000 of bad paper and an adverse clearing-house committee report; loss of confidence due to bad paper and investigations.
Measures: Bank closed its doors and suspended payments; notified clearing house it could not pay day's clearings.
Newspaper Excerpt: There had been an unusually heavy run on the bank to-day and it became absolutely necessary to suspend business.
Source: newspapers

3. March 27, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Clearing house refused to accept the bank's paper (on motion of another cashier) and ordered an investigation after bank had to make good $50,000 of bad paper; led to suspension of payments and closure of business.
Newspaper Excerpt: The Commercial Bank to-day notified the clearing house that it could not pay its day's clearings... Cashier W. H. Campbell stated that the bank had but temporarily suspended payment and would be all right in a few days.
Source: newspapers

Newspaper Articles (17)

1. March 28, 1895 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 28, 1895

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SUSPENDED PAYMENT COMMERCIAL BANK OF CINCINNATI FORCED TO CLOSE. Clearing House Association Refused to Extend Aid-Securities Ample to Pay Depositors. CINCINNATI, O., March 27.-The Commercial Bank to-day notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. It is stated that the affairs of the bank have been looked into somewhat by other banks and it was concluded that the banks could no nothing to relieve the situation in connection with the Commercial. Later in the day the bank assigned to W. H. Campbell, who was cashier of the bank. Charles B. Foote is president of the bank and W. H. Campbell cashier. Cashier W. H. Campbell stated that the bank had but temporary suspended payment and would be all right in a few days. There had been an unusually heavy run on the bank to-day and it became absolutely necessary to suspend business. He said further that the bank held ample securities to pay out to all depositors in time. The Commercial Bank was founded in 1831 and succeeded the branch of the United States Bank when the last went out of business, by buying the building, A number of old-time, solid financiers have been identified with the institution, among them Jacob Strader, Captain Hall, Ethan Stone, Elliot H. Pendleton, Hugh Colville, Armstrong and contemporaries. A number of the large estates of the city and of the Ohio valiey are customers of this bank. To-night it is reported that the affairs of the bank will develop badly. The bank has a paid up capital stock of $328,000 and a surplus of $40,000. Its average deposits were $400,000. The stock was divided into shares of $50 each, and though little trading was done in it, it was quoted on the market at 921/2, asked. It has $900,000 bills receivable, but it is claimed that much of this paper is not good, that the trouble was precipitated by the bank being compelled to make $50,000 of bad paper good yesterday. The directors are Charles B. Foote, a relative of the late Senator Pendleton: William Herron, J. B. Specker, A. B. Batterman and A. B. Hall, who did all they could to prevent the run. Although the bank is the oldest in the State, it is the only one in Cincinnati that had to be carried during the panic two years ago. When the present trouble came on the clearing house appointed a committee to investigate it. The adverse report of the clearing house committee to-day precipitated the trouble, and it is the general opinion that the liabilities will greatly exceed the available assets.

2. March 28, 1895 New-York Tribune New York, NY

Article from New-York Tribune, March 28, 1895

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A CINCINNATI BANK FAILS. Cincinnati, Ohio, March 27.-The Commercial Bank assigned this afternoon to W. H. Campbell, its cashier. The bank was compelled to make good $50,000 worth of bad paper yesterday. When the bank sent its paper to the clearing house this afternoon the directors of the association, on motion of Cashier Guthrie, of the National Lafayette Bank, suspended payment on the paper, and ordered an investigation of the bank's condition. This move proved fatal and precipitated the failure, which had been impending for some time. President Foote says that the bank will be able to pay dollar for dollar. The bank is the oldest in the city. It was organized in 1831. Charles B. Foote is president. The bank has a paid-up capital stock of $328,000, and a surplus of $40,000. Its average deposits were $400,000.

3. March 28, 1895 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, March 28, 1895

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A Cincinnati Bank Suspends. Cincinnati, March 27.-The Commercial bank today notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later, the bank assigned to W. H. Campbell, who was its cashier. Charles B. Foote is president of the bank. Cashier Campbell stated that the bank had but temporarily suspended, and would be all right in a few days. There had been an unusually heavy run on the bank today, and it became absolutely necessary to suspend business. He said further that the bank held ample securities to pay out to all depositors in time Tonight it is reported that the affairs of the bank will develop badly. The bank had a paid up capital stock of $328,000 and a surplus of $10,000. Its average deposits are $400,000. It has $000,000 bills receivable, but It is claimed that much of this paper is not good: that the trouble was precipttated by the bank being compelled to make $50,000 of bad paper good yesterday. The directors are Charles B. Foote, a relative of the late Senator Pendleton: Wm. Herron, J. B. Specker, A. B. Batterman and A. B. Hall, who did all they could to prevent the run. The adverse report of the clearing house committee today precipitated the trouble, and It is the general opinion that the liabilities will greatly exceed the available assets.

4. March 28, 1895 The Times Richmond, VA

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FAILURE OF AN OLD BANK. The Commercial, of Cincinnati, Forced to Close its Deers. CINCINNATI, March 27.-The Commercial Bank, at 132 Main street, assigned this afternoon to W. H. Campbell, its cashier. The decision to go out of business was reached but a half hour before the assignment was made. The bank was compelled to make good $50,000 worth of bad paper yesterday. When the bank sent its paper to the clearing-house this afternoon the directors of the association, on motion of Cashier Guthrie, of the National Lafayette Bank, suspended payment on the paper, and an Investigation of the bank"s condition was ordered. This move proved fatal and recipitated the failure, which had been impending for some time. The directors of the bank were hastily called together and the attorneys were ordered to draw up the deed of assignment, which was filed a few minutes later. President Foote says that the bank will be able to pay dollar for dollar. The bank is the oldest in the city. It was organized in 1831. Charles B. Foote is president. The bark has a paid-up capital stock of $328,000 and a surplus of $40,000; its average deposits were $400,000. The stock was divided into shares of $50 each, and though little trading was done in it, it was quoted at 921/2 asked. When the first rush was made to the bank it was closed and the doors were locked. The rumor soon gained currency and a crowd of anxious depositors congregated in front of the door of the bank. The bank has been rediscounting its own paper for two weeks, showing conclusively that failure was inevitable.

5. March 28, 1895 The Herald Los Angeles, CA

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CANNOT PAY ITS CLEARINGS Suspension of One of the Oldest Banks in Cincinnati CINCINNATI, March 27.-The Commercial bank today notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later the bank assigned to W. H. Campbell. who was its cashier. Charles B. Foote is president of the bank. Cashier Campbell stated that the bank had but temporarily suspended, and would be all right in a few days. There had been an unusually heavy run on the bank today and it became absolutely necessary to suspend business. He said further that the bank held ample securities to pay out to all depositors in time. Tonight it is reported the affairs of the bank will develop badly. The bank has a paid up capital stock of $328,000 and a surplus of $40,000. Its average deposits are $400,000. It has $900,000 bills receivable, but it is claimed that much of this paper is not good; that the trouble was

6. March 28, 1895 The Morning News Savannah, GA

Article from The Morning News, March 28, 1895

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A CINCINNATI BANK FAILS. The Collapse Attributed to Bad Management. Cincinnati, O., March 27.-The Commercial Bank, located at 132 Main street, assigned this afternoon to W. H. Campbell, its cashier. The decision to go out of business was reported but half an hour before assignment. The bank was compelled to make good $50,000 worth of bad paper yesterday. When the bank sent its paper to the clearing house this afternoon the directors of the association, on motion of Cashier Guthrie of the National Lafayette Bank, suspended payment on the paper and ordered an investigation of the bank's condition. This move proved fatal and precipitated the failure, which had been impending for some time. The directors of the bank were hastily called together and the attorneys were ordered to draw up the deed of assignment, which was filed a few minutes later. President Foote says that the bank will be able to pay dollar for dollar. The bank is the oldest in the city. It was organized in 1831. Charles B. Foote is president. The 'bank has a paid up capital stock of $328,000, and a surplus of $40,000. Its average deposits were $400,000. The stock was divided into shares of $50 each, and very little trading was done in it. When the first rush was made to the bank it was closed and the iron doors were locked tight. The rumor soon gained circulation and a crowd of anxious deposiors congregated in front of the door. The Commercial Bank was at one time the main bank for the steamboats, and the Pendlétons and Thomas Sherlock were heavily interested. The opinion on Third street is that the crash came about through bad management. Swing & Morse, the attorneys for the bank, and Robert Clarke & Co. are among the heaviest depositors. The bank has been rediscounting its own paper for two weeks, showing conclusively that failure was inevitable.

7. March 28, 1895 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, March 28, 1895

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Cincinnati Bank In Trouble. CINCINNATI, March 28.-The Commercial bank notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later the bank assigned to W. H. Campbell, cashier of the bank. Cashfer W. H. Campbell stated that the bank had temporarily suspended payment and would be all right in a few days.

8. March 28, 1895 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, March 28, 1895

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SUSPENDS TEMPORARILY. Assignment of the Commercial Bank to Its Cashier. CINCINNATI, OHIO, March 27.-The Commercial Bank to-day notified the Clearing-house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later the bank assigned to W. H. Campbell, who was its cashier. Charles S. Foote is president of the bank. Cashier Campbell stated that the bank had but temporarily suspended, and would be all right in a few days. There had been an unusually heavy run on the bank to-day, and it became absolutely necessary to suspend business. He said, further, that the bank held ample securities to pay out to all depositors in time.

9. March 28, 1895 The Washington Times Washington, DC

Article from The Washington Times, March 28, 1895

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Another Big Bank Embarassed. Cincinnati, Ohio, March 27.-The Commercial Bank to-day notified the clearing house that it could not pay its day's clearings. Later the bank assigned to W. H. Campbell, who was cashier of the bank. Charles B. Foote is president of the bank, and W. H. Campbell cashier.

10. March 28, 1895 Evening Journal Wilmington, DE

Article from Evening Journal, March 28, 1895

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Cincinnati Bank In Trouble. CINCINNATI, March 28.-The Commercial bank notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later the bank assigned to W. H. Campbell, cashier of the bank. Cashier W. H. Campbell stated that the bank had temporarily suspended payment and would be all right in a few days.

11. March 28, 1895 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, March 28, 1895

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CINCINNATI BANK FAILS. Cincinnati, March 27.-The Commercial Bank today notified the clearing house that it could not pay its day's clearings. The Commercial is one of the oldest banks in the city. Later the bank assigned to W. H. Campbell, who was its cashier. Cashier Campbell stated that the bank had but temporarily suspended and W( uld be all right in a few days.

12. March 28, 1895 Birmingham Age-Herald Birmingham, AL

Article from Birmingham Age-Herald, March 28, 1895

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A CINCINNATI BANK, The Oldest in the City, Goes to the Wall With a Crash-Much Excitement. CINCINNATI, March 27.-The Commercial bank, located at 132 Main street, assigned this afternoon to W. H. Campbell, its cashier. The decision to go out of business was reached but a half hour before the assignment was made. The bank was compelled to make good $50,000 worth of bad paper yesterday. When the bank sent its paper to the clearing house this afternoon the directors of the association, on motion of Cashier Guthrie of the National Lafayette bank, suspended payment on the paper and ordered an investigation of the bank's condition. This move proved fatal, and precipitated the failure, which has been impending for some time. The directors of the bank were hastily called together, and the attorneys were ordered to draw up the deed of assignment, which was filed a few minutes later. President Foote said that the bank will be able to pay dollar for dollar. The bank is the oldest in the city. It was organized in 1831. Charles B. Foote is, president. The bank has a paid up capital of $328,000 and a eurplus of $40,000. Its average deposits were $400,000. The stock was divided into shares of $50 each, and very little trading was done in it. It was quoted at 921/2 asked. When the rush was made to the bank it was closed and the iron doors were locked tight. The rumor soon guined circulation and a crowd of anxious depositors congregated in !rout of the door. The Commercial bank was one time the main bank for the steamboats, and the Pendletone and Thomas Sherlock were heavily interested. The opinion on Third street is that the crash came about through bad management. Swing & Morse, attorneys for the bank, and Robert Clark & Co. are among the heaviest depositors. The tank has been rediscounting it own paper for two weeks, showing con. clusively that failure was inevitable.

13. March 28, 1895 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, March 28, 1895

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Children Cry for Pitcher's Castoria. FAILED AFTER SIXTY YEARS. One of Cincinnati's Oldest Banks in Trouble. CINCINNATI. O., March 27.-The Commercial bank today notified the clearing house that it could. not pay its day's clearings. The Commercial is one of the oldest banks in this city. It is stated that the affairs of the bank have been looked into somewhat by other banks, and it was concluded that the banks could do nothing to relieve the situation in the condition of the Commercial. Later the bank assigned to W. H. Campbell, who was cashier of the bank. Charles B. Foote is president of the bank. Cashier W.H. Campbell stated that the bank had but temporarily suspended and would be all right in a few days. There has been an unusually heavy run on the bank today and it became absolutely necessary to suspend business. He said further that the bank had ample securities to pay out to all depositors in time. The Commercial bank was founded in 1831, and succeeded the branch of the United States bank when the latter went out of business by buying the building. A number of oldtime solid financiers have been identified with the institution, among them Jacob Strader, Capt. Hall, Ethan Stone, Elliott H. Pendleton, Hugh Colville, Armstrong and contemporaries. A number of the larger estates of the city and the Ohio valley are customers of the bank.

14. April 4, 1895 Mexico Weekly Ledger Mexico, MO

Article from Mexico Weekly Ledger, April 4, 1895

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Gilbert, the Dahomey glant,dled at New York. Mollie Easley, living near Princeton, Ky., killed herself with a rifle. Five children lost their lives in a burning house at Minot, N. D. Unprecedented heat and drought are reported from many sections. Safe blowers secured over $1,000 from the Auburn (III.) State Bank. Captain J. B. Old, Representative of Oregon county, Missouri, died suddenly. The Japanese fleet will bombard Takua on the island of Formosa, today. Postmaster General Bissell is giving pointers to his successor, William L. Wilson. Postmaster General Bissell said his official farewell to the members of the Cabinet. The Hawaiian Advisory Council has passed a law prohibiting the return of exiles. The Commercial Bank of Cincinnati assigned to W. H. Campbell, its cashier. The Navy Department has contracted for a new class of gunboats, carrying sails. The Monterey has been ordered to Peruvian ports to protect American property. The wife of Noah Strevil says that he killed his father near Fort Scott, Kan., March 15. Samuel B. Reed was burned to death near Trenton, Mo., said to have been a case of suicide. It is said that if the monetary conference is called President Cleveland will appoint delegates. The defense in the Taylor brothers' murder trial attempted to prove an alibi at Carrollton, Mo. Li Hung Chang's condition is improved and he may be able to resume the peace negotiations-next week. The foreign agent of the Agricultural Department doesn't give a very cheerful account of European crop prospects. Jim Parsons and Tobe Smith are in jail at Paris, Tex., charged with a murder committed in Murray county, Georgia. Threats of lynching Noah Strevil, who, his wife says, murdered his father near Fort Scott, Kas., are being made. Secretary Campbell, of the Lexington (Ky.) Chamber of Commerce, was killed on his porch by an unknown person. M. A. Fyke was appointed by Governor Stone as Police Commissioner of Kansas City, vice Bernard Corrigan, resigned. Sam McWilliams, the "Verdigris Kid," and George Sanders were killed at Bragg, I. T., being the last of the Cook gang. It is estimated that if the income tax is held valid that the revenues of the present fiscal year will amount to $370,000,000. The juries disagreed in the cases of Whalen and Cella, charged with St. Louis election frauds, and tried at Boonville, Mo. Cora Smith confessed at Omaha, Neb., that she murdered her father. Her mother is serving a life sentence for the crime. Mrs. Mary Berger, 86 years old, was bound and gagged and subjected to terrible treatment by robbers at Springfield, III. Sherman Woodrey, who escaped from jail at Dexter, Mo., on Sunday, and was recaptured Monday, escaped again Tuesday night. The Kansas City (Mo.) Grand Jury is said to have returned indictments against Charles S. Owsley, late Recorder of Voters. The body of Joe Underwood, leader of the attack on the Cincinnati Southern train, has been found near the scene of the fight. President Cleveland is reported to have emphatically announced that he has been converted to viewing with favor the income tax.

15. April 10, 1895 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, April 10, 1895

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Domestic. THE fourteen-year-old daughter of Jacob Dean, a farmer, who lives near Harmony, Caroline County, Md., was murdered while on her way to school. Her throat was cut from ear to ear. THE Commercial Bank. Cincinnati, Ohio. assigned. The bank was compelled to make good $50,000 worth of bad paper. A MASS-MEETING was held in Cooper Union to insist upon the passage by the Legislature of reform bills affecting New York City. JOHN A. BIGELOW, an actor. shot and instantly killed Amy Thill, an actress and artsts' model, in her room. New York City. Then he fired a bullet into his temple, inflicting a wound from which he died almost immediately. THE old Nashua Savings Bank. the fifth (argest in the State of New Hampshire, closed Its doors by order of the Bank CommissionMS. MRS. MARY ANN MEDINGER was killed by a trolley car in Brooklyn. She was the trol!ey's one hundred and seventh victim in the city. OWING to the enormous demand for our apples abroad the retail price of good fruit advanced to fancy figures. THE tallow caked and the big ship St. Paul could not be dragged from the ways at Cramp's shipyard, Philadelphia. It was the first failure of the kind at Cramp's in twenty-two years. THERE was discovered at Chicago a shortage of nearly $2,000,000 in the accounts of the Whisky Trust. THE Newport (Penn.) Deposit Bank failed to open its doors owing to the general stringency of currency. Approximately the assets are $262,406 and liabilities $160,298. E. S. JAFFRAY & Co., the well-known drygoods house of New York City, went into the hands of receivers for liquidation. COLLIS P. HUNTINGTON. President of t. Southern Pacific Company, was indicted at San Francisco, Cal., by the United States Grand Jury for violating the Inter-State Commerce law. SIDNEY W. SPRAGUE. cashier of the Continental Clothing Company, was arrested at Boston, Mass., charged with embezzlement of the funds of the concern to the extent of $25,000 or $30,000. IN New York City flfteen election inspectors and voters charged with felonies and misdemeanors were arrested on indictments. A JEWELRY store in upper Sixth avenue, New York City. was robbed in daylight of diamonds valued at $6000. The clerk in charge was called to a carriage. MAYOR STRONG, of New York City, appointed Edwin Einstein a Dock Commissioner, Dr. Daniel E. McSweeney a School Commissioner, and J. Van Vechten Oleott a Civil Service Commissioner. THE New Jersey Legislature took a recess to June 4. when it will meet to hear the report of the Voorhees Investigating Committee. A TRAIN, southbound, was stopped by five masked robbers just outside Victor, Col. The bandits went through the mail and express car, but found nothing valuable. The robbers relieved passengers of $500 and watches. Two were tracked by a bloodhound and captured in a log cabin in the woods.

16. April 11, 1895 Wood County Reporter Wisconsin Rapids, WI

Article from Wood County Reporter, April 11, 1895

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NEWS OF THE WORLD. HOME HAPPENINGS. Minister Thurston left Washington for Honolulu. Five children were suffocated in a ìre at Minot, N. D. Property valued at $60,000 was destroyed at St. Charles, Ill. Wheat in European countries has been injured by frost. Miss Kathryn Kidder, the actress, who is a Chicago girl, has been presented by New York friends with a loving cup especially manufactured for her. Mrs. W. H. B. Williams murdered her two children in Columbus, Ohio. John B. Koetting, the Milwaukee banker, goes to prison. A national live pigeon shoot has been begun at Paterson, N. J. Mrs. Chamberlin, at one time the only white child in Chicago, is dead. The Commercial bank of Cincinnati has temporarily suspended. A nephew of Chauncey M. Depew committed suicide in Kansas. William L. Wilson has been sworn in as postmaster general. The president appoints a Nicaragua canal commission. Rhode Island goes republican by increased majorities. Gov. Stone of Missouri calls an extra session of the legislature. The postoffice at Springfield, III., was robbed of $10,000 worth of stamps. George B. Swift, rep., was elected by the largest plurality ever given a mayoral candidate in Chicago. Rumor that Secretary Gresham will leave the cabinet is without foundation. The Illinois supreme court decided that the apportionment act of 1893 was legal. Nebraska towns voted on license 01 no license for saloons. License carried in a majority. Republicans carried St. Louis by 12.000 majority in a total of 53,000. The city council is unanimously republican. George W. Prince, republican, was elected to congress in the tenth Illinois district by 7,000 plurality. David M. Stone, the editor of the New York Journal of Commerce, died at his home in Brooklyn, aged 78. Two unknown men were drowned "y the upsetting of a boat at Pitts burg during a drunken brawl. Coroner's investigation at Elkhart Ind., proves that Milton Kehres did not commit suicide, but was murdered The bill to legalize racing in New York state passed the assembly by a vote of 89 to 11. Catholic Knights of Pythias a Terre Haute. Ind. have refused to obey the order to quit the society. Suit against the Homestake Mining company by Samuel Allerton, of Chi cago, was withdrawn at Sioux Falls. Governor Holcomb will ask Nebrask: legislature to add $50,000 to the appro priation for the drought sufferers. The supreme court of Iowa has sus tained the constitutionality of the mulet law. Reports of Illinois banks show the state to rank fourth in the matter o individual deposits. President Cleveland is said to be very much annoyed at the result o the municipal election in Chicago. Rev. W. Cleveland. brother of the president. has been requested to re

17. August 14, 1895 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 14, 1895

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Bank Failures. Memphis, Tenn., Aug. -The Bank of Shelby failed to open this morning. Later it was placed in the hands of R. T. Matthews, under a deed of trust. The liabilitles are stated to be $107,000; assets, $137.000, of which $36 is cash on hand. The amount due depositors is about $95,000. Joseph J. Williams is president, E. B. Lacy cashier. Cincinnati, Aug. 13.-Jude O'Neil rendered a decision today that the Commercial bank had been insolvent months before it closed. and that all depositors who could identify their money would recover the same. The court holds further that the bank was unlawfully conducted. and its officers are liable for violation of the law and the stockholders for losses. Merced, Cal., Aug. 13.-Warrants have been sworn out at Snelling, this county, charging the officers and directors of the Merced bank. which suspended last October, with embezzlement. The officers are John Ruddle, president; C. Landram, vice president; J. R. Howeil, cashier: directors, J. D. Price, A. Zirker, H. G. Peck, J. R. White, C. C. Nelson. Nelson is a supervisor who just successfully resisted a sult to oust him from office for allowing $9,000 of the county money to be on open deposit in the Merced bank when it suspended. The charges against the bank officials and directors are based on evidence produced in the suit to oust Nelson from office.