People's Bank (Logan, OH)

Episode Information

Episode UID
1802080591216
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
180208059 hash
Start Date
April 4, 1901
Location
Logan, Ohio (39.538, -82.406)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e2568354436e81ff

Response Measures

None

Description

Articles describe an ongoing receivership and final account; receiver accused of misappropriation.

Events (3)
1. April 4, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank placed in receivership (insolvency/creditor claims) leading to suspension of normal operations.
Newspaper Excerpt
The People's Bank Receivership case is being heard in Court today
Source
newspapers
2. April 11, 1901 Other
Newspaper Excerpt
Judge Reeves ... hearing the Receivership case of the People's Bank, We thank him ... for the courtesy ... of giving us transportation ... of which he is president.
Source
newspapers
3. August 22, 1901 Receivership
Newspaper Excerpt
the Receiver's last account ... he collected over $7,000, and spent it all himself and did not pay a creditor a cent according to his own testimony.
Source
newspapers

Newspaper Articles (3)
1. April 4, 1901 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, April 4, 1901

Click image to open full size in new tab

Article Text

Messrs Dud McCornick Arthur Murphy of Columbus are home for the spring vacation. The People's Bank Receivership case is being heard in Court today A lot of choice meat, recently r taken from cold storage is now on sale at Ucker's Meat Market. It r is first class. The Orchestra Easter Ball will be on Monday night next, beginning at 8:30 oclock, frivilous rumors to the contrary. Theatre train for Columbus, Saturday April 6th, with special return train. Tickets good going on all trains, $1.00 round trip. Mrs. Sarah Weaver and Mrs. William Weaver and little daughter, all of Columbus, are the guests, of Mr. and Mrs. William Waner. Dan Quinlan the best interlocator in the United States, will be with the Al. G. Field Minstrels at Opera House, next Monday night. Mrs. Alice Shively, of McArthur was a delegate to the L. O. T. M. convention here Tuesday, and visited friends, returning Wednesday. John Robison's circus is billed for Lancaster on May 3rd. Lets have a good circus or two in Logan this summer and stir up our dry bones. FOR RENT.-The Dr. Dye homestead, office, and barn. A very suitable location for a professional man. Call on or address, W. J. Frasch, Logan, O. Mrs. Rebecca Kreider, mother of Emmitt Kreider and sister of Col. Weldy, aged 80 years, died in Columbus Monday and was buried at Fairview Wednesday. Coon Reiohley, of Benton, stormed in upon us Friday and dropped his coin for a year's subscription. Coon carried home the official ballots for the spring election. The bean guessing contest will close at Harrington's on April 15 Register your guess, and perhaps secure $5.00 worth of the finest S wall paper on sale in Logan. f P Lovers of Minstrelsy, will have c an opportunity of enjoying a t hearty laugh if they attend the Al. G. Field Minstrels at Opera V t House, Monday night, April 8th. S Mrs. Emma D. Steele, of McJ Arthur, was the guest of her S cousin, Mrs. W. P. Heft, and othr er friends over Thursday, and att tended the L. o. T. M. convention. Special Easter services at the e Presbyterian church at 10:80 A. T M. and 7 P, M. Special music. All welcome. In the morning there p er will be a public reception of new members and at 7 P. M. an Easter g in ervice by the Sunday School. to Our friend J. A. McClelland, of u outh Perry was in Logan one day W ast week to file his final account ec S administrator of the Fetherolf in state. Mr. McClelland made our or anctum his usual friendly call. er His friendship to us is indeed a m right star in the too oft smoky oiourn through this life. in

2. April 11, 1901 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, April 11, 1901

Click image to open full size in new tab

Article Text

Becker & Co. for fertilizer, for oats and corn. The Athens Presbytery is in session here this week with a good attendance. We will have a full report of the proceedings in our next issue. Mr. Jack Baker is a visitor in Logan this week. He had the misfortune of loosing both feet by being frozen. He now goes about in a wheel chair. We are indeed glad to chronicle that little Mary Josephine, the bright daughter of Judge and Mrs. Wright, is rapidly recovering from a severe attack of pneumonia. The Friesner orchestra desires to thank their friends for their kind help in making the ball so enjoyable, and for the enthusiasm with which the music was received. We are glad to learn that Miss Bess Rose, who has been ill at her home here for some days, is again able to resume her position as sales lady in the Preston store at Athens. The Murray City news chronicles the advent of two more saloons in that city, raising the number to 17. The population of Murray at the last census was a little more than 1000. Mr. and Mrs. Chas. Keynes, Misses Alma Keynes, Emma Floyd and Bertha McManigal, and Mesdames Pullen, McManigal, and Moore spent Saturday in Columbus. Extra good thing in black taffeta. Regular 85 cent value for 63 cents, just the popular thing for a nice skirt. Ask to see it and we will explain about it, STIERS & CO. M. E. Church Social. An Irish eve at the M. E. Church, consisting of recitations, songs and fine selections from the grapnaphone, also refreshments, all for ten cents, Everybody invited, Monday eve, April 15th. Judge Reeves, of Lancaster, was on the bench here Friday of last week hearing the Receivership case of the People's Bank, We thank him very much for the courtesy of giving us transportation on the Columbus, Wellston & Southern Ry., of which he is president. If you want a Piano, be sure and see your home dealer before you purchase. A. M. Sparks has the agency for several of the best high grade Pianos on the market. Notice carefully the following list of celebrated makes: Steinway, Kenabe, Boothe Brothers, Blausius, Ivers and Pond, Emmerson, Vece, Starr, and others. Editor Green suggests the paving of Main Street in Logan, Ohio. Mercy, don't mention it Mr. Green. Why, the clod-hoppers of this town would break a leg crossing such smoothe streets. Let's keep the nice, juicy fragrant mud. We hillicans don't know any better. Let's also turn our cows and hogs into the street to root and browse, and be real rural. The Logan Council met Tuesday evening and the new and holdover members; Schlagetter, Deischley, Tritsch and Benadum, were sworn in. The council now stands four Democrats and four Republicans. The Mayor appointed Squire D. H. Lappen as police judge, to act as Mayor in his honor's absence.

3. August 22, 1901 The Ohio Democrat Logan, OH
Article from The Ohio Democrat, August 22, 1901

Click image to open full size in new tab

Article Text

that Col. Sands was District Judicial Committeeman, and Johnson needed the Colonel very badly in his business. We are not charging that Johnson was unduly influenced in his official orders, but this dependence upon Sands made him very friendly and very liberal, as the order of the court plainly portrays. Judge Johnson being defeated Judge O. W. H. Wright ascended the judicial bench and having been trustee in the first assignment of the People's Bank he could not receive the filing of any accounts of Sands; Judge Slough being in poor health the matter was put off from year to year, and at last Slough came down to hear some other matters, and when "at chambers" signed another prepared order for Sands; at least the attorneys for the creditors heard no noise of the case in open court, SO it must have been signed "in chambers." Judge Slough it seems merely had regard enough for Judge Johnson's orders to bear them out, and as Sands probably claimed much to be settled yet and vast litigations in progress, the quickest way for Slough to get rid of the trouble was to continue the Receivership indefinitely, and accept his partial account. Judge Slough went slowly down to death, and Colonel Sand kept right on drawing his $50.00 per month off of the poor people, for doing nothing The matter drifted on and Judge Reeves came on the bench and just last month was able to take time from his Fairfield busy court to come down here and hear Sand's last account filed, and he found a sorry condition. The majority of the vast sum of $7,115.65 that Sands had received had been appropriated by himself under the former order of Judge Johnson, and but $47.00, less than a month's salary for the Receiver, remained in the pot. Nothing was left for Reeves to do, so he buckled on his best front and ordered Sands to go down in his "own pockets" where he had put the people's money, and pay out about $600.00 costs and attorney fees, and to keep the rest, and thus close the great drama. The Receiver's last account as such, 18 entered and having been appointed for the benefit of the creditors of the People's Bank, he collected over $7,000, and spent it all himself and did not pay a creditor a cent according to his own testamony. Is it much wonder that the creditors, hundreds of them, are up in arms against such robbery, and are condemning Col. Sands for such rottenness, and condemning the Republican party for permit-