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AN OHIO BANK CLOSES ITS DOORS. Willoughby, Ohio, Sept. 10-The bank of Willoughby failed to open today. The suspension is said to be the direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed yesterday in Cleveland, its debts aggregating a million dollars. The bank held much of the Mexican company's paper.
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Bank Smash. WILLOUGHBY, Ohio, Sept. 10.The Bank of Willoughby falled to open today. The suspension is said to be the direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed yesterday in Cleveland, its debts aggregating millions of Jollars. The bank held much of the Mexican company's paper.
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Bank Failed to Open. Willoughby, O., Sept. 10.-The Bank of Willoughby failed to open today. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company, for. which a receiver was appointed late yesterday in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities nas as yet been given out.
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BANK FAILS TO OPEN. Suspension a Direct Result of Another Failure. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open during the day and a notice of suspension was posted on the door to the banking room. The suspension is sa: to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed Wednesday in Cleveland, With debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as vet been given out.
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BANK FAIL8 TO OPEN. Suspension a Direct Result of Another Failure. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open during the day and a notice of suspension was posted on the door to the banking room. The suspension Is saic to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed Wednesday in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as yet been given out.
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AN OHIO BANK DRAWN UNDER. Willoughby, Ohio, Sept. 10.-The Bank of Willoughby failed to open to-day and a notice of suspension was posted on the door of the banking room. The suspension is said to be & direct result of the failure of the Mexican Clay Manufacturing Company. The bank held much of the Clay company's paper. It is estimated that the assets will amount to $250,000 and the liabilities to $200,000. The bank was a private concern, owned by 8. W. Smart. The Citizens' Savings and Trust Company. of Cleveland, has been appointed receiver.
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OHIO BANK HAS CLOSED. Willoughby, O., Sept. 10.-The Bank of Willoughby failed to open to-day and a notice of suspension was posted on the door to the banking room. No statement of the bank's assets and liabilities has as yet been given out. The Citizens' Savings and Trust Company of Cleveland has been appointed receiver.
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Willoughby Bank Involved. Cleveland, Sept. 12.-The assignment of the bank of Willoughby, the only financial institution in the neighboring Lake county village, probably completes the havoc wrought by the embarrassment of Raymond Penfield's enterprises. Penfield formerly lived in Willoughby. His father, J. W. Penfield, was the richest man in the town. The bank made an assignment be. cause it held some of Penfield's paper as collateral. Its liabilities are $200.000 and its assets a quarter of a million. Penfield made a personal as signment and also assigned the property owned by Penfield & Sons. Do positors in the bank asked to have S. H. Smart, the president and cashier, declared a bankrupt. Smart says the bank will pay dollar for dollar.
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Bank of Willoughby Suspends. Willoughby, 0., Sept. 11.-The bank of Willoughby failed to open, and a notice of suspension was posted on the door to the banking room. The suspen sion is said to be a direct result of the failure of the Mexican Clay manufae turing company, for which a receiver was appointed in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper No statement of the bank's assets and liabilities has as yet been given out The Citizens Savings and Trust company of Cleveland has been appointed receiver.
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Failed to Open. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open Thursday. The suspension is said to be a direct result of the failure of the Mexican Clay Manufacturing company for which a receiver was appointed late in Cleveland. The bank held much of the Mexican company's paper. No statement has been given out. The Citizens Savings and Trust company of Cleveland was appointed receiver.
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BANK FAILS TO OPEN. Suspension a Direct Result of Another Failure. Willoughby, O., Sept. 11.-The Bank of Willoughby failed to open during the day and a notice of suspension was posted on the door to the banking room. The suspension is sai to be a direct result of the failure of the Mexican Clay Manufacturing company, for which a receiver was appointed Wednesday in Cleveland, with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as yet been given out.
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Ohio Bank Suspends. Willoughby, O., Sept. 11.-The bank of Willoughby has suspended. The Citizens Savings and Trust company, of Cleveland, has been appointed receiver. It is estimated that the assets amount to $250,000 and liabilities $200,000. The bank was a privato concern, owned by S. W. Smart.
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Ohio Bank Closes With Debts of $1,000,000. The Bank of Willoughby, Ohio, failed to open its doors Friday, and a notice of public suspension was posted on the door to the banking room. The suspension is said to be a direct result of the failure of the Mexican Manufacturing company for which a receiver was appointed with debts aggregating $1,000,000. The bank held much of the Mexican company's paper. No statement of the bank's assets and liabilities has as yet been given out. The Citizens' Savings and Trust company, of Cleveland, has been appointed receiver.