1.
May 12, 1930
Chillicothe Gazette
Chillicothe, OH
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RUN FORCES BANK TO CLOSE
Daugherty Banking Institution Over At Washington Closes Its Doors Of Farmers And Drovers Cause.
WASHINGTON H., May 12. Ohio State Bank of which M. Daugherty, brother of former attorney general of the United States Harry Daugherty, was president, was closed at noon today by state bank superintendent, officials said the closing sulted from heavy withdrawals of money by depositors which they attributed to recent closing of the Farmers and Drovers Bank. Superintendent Gray took immediate charge of the institution which had capitalization of $200,000.
The Ohio State Bank was formed three years ago by the consolidation of the Fayette County Bank, the Midland National Bank and the Commercial Bank, the latter of which Daugherty headed. The Midland National Bank figured prominently in the senate investigation of the leasing of the Elk Hills and Teapot Dome oil lands to private interests by the government. Closing of the Ohio State Bank leaves only one financial institution in operation in Washington It is the Washington Savings Bank.
COLUMBUS. May 12. Gray, state bank superintendent today that the closing of the Ohio State Bank at Washington H. resulted from "run" on the institution.
2.
May 13, 1930
Times Herald
Olean, NY
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Close Bank Of M. S. Daugherty
Washington C. H., O. May (INS)-State bank examiners today labored over the books of the Ohio State Bank here, which was closed yesterday following a heavy run on its funds. Headed by M. S. Daugherty, brother of former Attorney General of the United States, Harry M. Daugherty, the bank was capitalized at $200,000 and March 27, had reported its resources as $2,626,890. The Ohio State Bank was formed three years ago by the consolidation of the Fayette County bank, the Midland National bank and the Commercial bank. The latter two concerns were headed by Daugherty then.
SOFT NECKLINES One's neckline must be soft or it isn't a 1930 neckline. Lingerie touches increase in number and variety and often frock has its own self-collar in addition.
3.
May 13, 1930
Marysville Journal-Tribune
Marysville, OH
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BANK RECORDS BEING CHECKED
STATE GOING OVER BOOKS OF BANK HEADED BY DAUGHERTY
WASHINGTON O., May bank texaminers today labored over the books of the Ohio State Bank here. which was closed yesterday following heavy run on its funds. Headed by brother of former Attorney Generof the United States Harry Daugherty, the bank was capital ized at and March had reported its resources at 890. This is the second bank to close here within the post three months. the Peoples and Drovers Bank hav ing closed its doors during that time. The Ohio State Bank was formed three years ago by the consolidation the Fayetfe county bank, the Midland National Bank and the Commercial Bank. The latter two concerns were headed Daugherty then. Gray, state banking direcordered the financial institution to close its doors when was notified of the heavy of funds. He heading of men here.
4.
May 13, 1930
Chicago Tribune
Chicago, IL
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M. DAUGHERTY BANK IS CLOSED AFTER HEAVY RUN
Ohio Officials Checking Accounts.
(Picture on back page.) Washington Court House, O., May C. Gray, state superintend. ent of banks, tonight was making check of the accounts of the Ohio State bank, which was at noon today after depositors had made heavy withdrawals. The was headed by M. S. Daugherty, brother of former United States Attorney General Harry M. Daugherty, and was formed three years ago by consolidation of the Fay ette County bank, the Midland Na. tional bank, bank, the latter two concerns being headed by Daugherty. Supt. Gray the closing the bank, which had capital stock of $200,000 and on March 27 reported The bank was in connection with the investigation of the Teapot Dome and Elk Hills oil which were made by the Harding administration at time when Harry Daugherty was serving as at torney general. part of the lease funds were alleged to have been deposited in the Midland bank here.
In the course of the government's investigation of the Dome oil case, M. S. Daugherty was ordered to produce records of deposits in the Midland National bank. He refused. The Supreme ruled that he must the order, by that time the investihad been closed and he never did produce the records.
5.
May 13, 1930
Pittsburgh Sun-Telegraph
Pittsburgh, PA
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Daugherty Bank Forced to Close
W COURT HOUSE O. May 13 State bank examiners today labored over the books of the Ohio State Bank here. which was closed yesterday following A heavy run on Its funds. Headed by M 8. Daugherty brother of former attorney general of the United States. Harry M Daugherty the bank was capitalized at $200,000. and March 27 had reported its resources as
6.
May 13, 1930
The Daily Sentinel-Tribune
Bowling Green, OH
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Examining Records of Washington C. H. Institution Today
WASHINGTON C. H., O., May 13 State Bank Examiner today labored over the book of the Ohio State Paroled by Veitch Bank here, which was closed yesHarold Lees. of Perrysburg, was terday following a heavy run on B. O. BISTLINE Nearly 60,000 Australians died in released from jail Monday after- its funds. Probate Judge of said County. France noon when he was paroled by Mayor Headed by M. S. Daugherty.
7.
May 22, 1930
The Cincinnati Enquirer
Cincinnati, OH
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PAYMENT
Of $60,000 To State By Washing ton C. H. Bank, Now Closed, Is Ordered By Court.
Washington. C. H., Ohio, May 21(AP)-The Ohio State Bank today was ordered to pay to the State of Ohio, $60,000 deposited by the commonwealth before the bank closed its doors last week. The order was issued by Common Pleas Judge H. M. Rankin through whom H. Ross Ake, State Treasurer. made demand for the money, plus accrued Unless is paid, Ake is authorized under Ohio law to sell bonds deposited in the State Treasury by the bank to protect the money.
8.
June 28, 1930
News Journal
Wilmington, OH
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BLANCHESTER BANK CHANGES DEPOSITORY
Depositors To Be Awarded 16 2-3 Per Cent. In Few Weeks
The First Citizens Trust Company of Columbus, has been made depository for the Merchants and Farmers Bank at Blanchester which closed in October. 1928. after a heavy run. The Ohio State Bank. at Wash ington C. H., was originally named depository but it also closed its doors several weeks ago. A 16 2-3 per cent. dividend declared for depositors Friday will be awarded in about three weeks, according to officials of the state banking department.
9.
October 13, 1930
Reno Gazette-Journal
Reno, NV
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MAL DAUGHERTY NAMED BY JURY
WASHINGTON COURT HOUSE, O., Oct. Fayette county grand jury investigating the failure of the Ohio State Bank and the Peoples' and Drovers Bank here today returned sixteen indictments, fiften of them against Mal S. Daugherty, former president of the Ohio State Bank and one against Virgil Vincent. local grain dealer and heavy borrower from the banks. Daugherty, brother of former Attorney General Harry M. Daugherty, came into prominence during the Teapot Dome oil reserve investigation when he refused to produce records of his bank for the senate committee which seeking funds alleged to have changed hands in the oil deal. Daugherty was indicted on fiftyeight counts, including charges of misapplication of funds, abstraction of funds, making false reports to agents appointed to examine the affairs of banks, and false reports on capital stock.
10.
October 13, 1930
The Sheboygan Press
Sheboygan, WI
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Mal Daugherty Is Indicted Today For Embezzlement
Washington courthouse, -Mal S. Daugherty, president of the defunct Ohio State bank here and brother of former Attorney General Harry M. Daugherty, was indicted by the Fayette County Grand Jury late today charges of embezzlement and misapppropriation. The indictments. said to contain 57 were as the grand jury completed investigation of surrounding the closing of the Daugherty bank and Peoples & Bank. Funds of more than 4,000 were tied up by the closing of the two institutions.
11.
October 14, 1930
York News-Times
York, NE
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DAUGHERTY Daugherty Out on Bond; Money From Own
COURT HOUSE, Oct. Daugherty, whose small town bank once the focus search for Teapot Dome oil money, drew attention again today result of his indictment the of the Ohio State bank. Daugherty probably will be raigned this week the indictcharging and of funds. He released yesterday after his arrest, bond sum amounts alleged embezzlement. The indictments accuse him loaning money on John converting the money to his use. Bankers said such transactions, involve borrowing money subterfuge. regulations prohibited Daugherty from borrowing his own failure the Ohio State bank. followed by two months the failure the only other bank in town, sulted in financial loss virtually family in the county. Many depositors lost their life savings. Despite this fact residents were slow condemn Daugherty meman old pioneer family that west in when Ohio frontier Everyone knew him and called him Mal just everyone his brother, Harry attorney general in the Harding administration, by his first name.
12.
October 14, 1930
The Maryville Daily Forum
Maryville, MO
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Will Daugherty
Brother of Harding Cabinet Officer With Fraud.
Washington Court House, Oct. Daugherty. whose small town bank once the focus Senate search for Teapot Dome oil money. drew attention again today result his indictment in the failure of the Ohio State Bank. Daugherty probably will be arraignthis week on the 15 indictments charging embezzlement and misappropriation of funds. He terday after his arrest, on bond sum equaling the amounts of the alleged embezzlement. indictments accuse him of loanmoney on insufficient security to Daugherty, John Perrill, Thompson, Daugherty and others, checks and the money to his use. Bankers said such transactions, involve borrowing by money terfuge. Bank regulations prohibited Daugherty from borrowing in his The failure of the Ohio State Bank. followed by two months failure the only other bank in town, resulted financial loss to virtually family every the county. Many depositors lost their life savings. Despite this fact residents were slow condemn Daugherty, member an pioneer family that came West 1810 when Ohio frontier. knew him and called just called his brother. Harry Daugherty, Attorney General the Harding
13.
January 10, 1931
The Daily Sentinel-Tribune
Bowling Green, OH
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Many Depositors Sue Ohio State Bank for Damage
COLUMBUS, O., Jan. 9. (INS) Placing responsibility for the failure of the Ohio State Bank, of Washington C. H., upon the state banking department and Mal Daugherty, former president of the bank, and other officials and directors of the institution, Jacob H. of Washington C. today filed suit for $2,422,237.29 damages on behalf of the depositors in common pleas court here. Defendants named in the suit in addition to the bank's officers are O. C. Gray, state superintendent of
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Many of our worst storms originate thousands of miles away on the Arctic frontier.
Ancient Greek houses had no windows.
14.
February 24, 1931
North Platte Daily Telegraph
North Platte, NE
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MOTHER OF DAUGHERTY DIES IN OHIO, AGE Washington Courthouse, Ohio, Feb. Jane Daugherty, widowed mother of former Attorney General Harry M. Daugherty, and Mal Daugherty who on trial here for alleged misapplication funds while president of the closed Ohio State bank, died at her home early today. She was 95 years old. Mrs. Daugherty, one of the signers $40,000 bond for her son, Mal, had been ill only four days from influenza and heart disease. Indications were that the trial Mal would be continued until after his mother's funeral. It was delayed late yesterday until this morning when Judge Charles Bell who hearing the case learned of the seriousness of the banker's mother's illness. She had been widew for years.
15.
March 5, 1931
The Columbus Ledger
Columbus, GA
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Dixie Lee And Husband Reach Parting Of Ways
DAUGHERTY FOUND GUILTY
Brother of Ex-Attorney General Is Convicted As Result of Bank's Failure.
Washington Court March brother of former United States Attorney General Daugherty figure in the senate's vestigation of oil eral years ago, today faced prison for funds of the closed Ohio State Daugherty found guilty former as he heard the His tion be which will He five counts of the of tence of years and fine of were against Daugherty result the of the bank last May and but on only ment of John Fayette county blank in for to to the The were secured Perrill's but the farmer denied came national tention years when as of the Midland National refused the alleged bribe oil He of the