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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 ΠΈ 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
