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College Students Broke. Gambier, O., May 18.-Many college students are without funds to finish the year and many are without meal tickets since the Gambier Banking company closed its doors. Many local business men are also handicapped by the closing, and the fact that the statement was made that all affairs would be adjusted within 60 days not mitigate the annoyance. All college publications will suspend and many social functions will be curtailed by lack of funds.
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CLOSED Was Bank Of The Gambier Banking Company Tuesday Morning By The State Superintendent Had Been Bebind Running Expenses For Some Time Its Troubles Due To Paper It Inherited Deputy Of State Superintendent Is Placed In Charge The bank of the Gambier Banking Company did not open for business on Tuesday morning, but instead the es- of tablishment was taken possession the hour for opening by State Superintendent at of Banks F. E. Baxter of Columbus. Mr. Baxter came over from Colum- night bus in an automobile Monday and remained in Mt. Vernon over night. The only reason for coming the through in an automobile was that at morning train would not arrive Gambier until after the hour for opening the bank. George Walters, a bank examMr. under the state superintendent, the iner, over from Columbus on came train, going through Weston, to Gammorning Mr. J. A. Holmes of departbier. bank examiner in the from O., also a summoned to Gambier on ment, Cleveland was and arrived in Gambier the morning train Superintendent Baxter took posses- Mr. the bank and appointed sion Holmes of as special deputy superintend- officer in act as liquidating bank. ent to up the affairs of the clearing Baxter returned to Columbus Holmes in Supt. the afternoon, leaving Mr. in charge. While in Mt. Vernon Tuesday after- a reSupt. Baxter was seen by stated noon, of the Banner and he his porter answer to inquiries that of late of the department in had been cognizant was not that the Gambier Bank that it fact the best of condition and was in running behind, but there that it was that it would pick up and the state hope not be necessary for that indepartment would to intervene, but they stead of affairs growing better it was decontinued to get worse and Tuesday to take the step on was cided probable action, however, charge of This not a surprise to those in the bank. Superintendent Baxter stated largely that condition of the bank was that the matter of inheritance of paper to the a not very good, it coming taken was when the institution was present bank as a private bank by the that over Mr. Baxter also stated the owners. affairs of the bank, so far as their the department knows, and them state examinations of it gave been honfrequent familiarty with it, have businessa conduct and in avery not do estly manner, but the bank did size like volume of business of sufficient a kept running below its expenses. that in and Supt. Baxter is of the opinion of the bank up the affairs assets settling there will not be enough and that take care of the full deposits be that to some loss will consequently sustained by the depositors. Mr. The Banner had a talk with Tues Holmes over the telephone reafternoon and that gentleman made day peated most of the statements to the Superintendent Baxter as condition by of the bank's affairs. bank He that the managers of the but it stated accomplished a great deal, job for had much of an up-hill that was too to surmount the difficulties had confronted them them, although they statworked very diligently. sometime He also to that it would take but was ed the bank's affairs, but it liquidate not able to state just how long, would take several months. is of The Gambier Banking Company capital state organization, has a since $25,000 a and has been operating 1895. The directors of the bank are W. as Ben- folH. W. Jones, George Baker, lows: Barker Newhall, Sylvester are: nett, C. N. Wyant. The officers PrestPresident, and H. W. Jones; Vice Secretary, George W. Bennett; S. Ly dent, Barker Newhall; Cashier, U. barger.
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The Case Against Samuel Gould Is Continued Case Against Lybarger, Wyant And Hills To Be Tried Other Notes Of Interest From The Court House Commencing next Wednesday afternoon at 1 o'clock, the remainder of the week in common pleas court will be devoted to the trying of criminal cases. On Wednesday afternoon the case of Ohio vs. F. M. Strong, charged with non-support and abandonment will be commenced. The case of Ohio vs. Samuel Gould was assigned for Wednesday, but the case has been continued until the next term of court. This was done at the request of State Fire Marshal Zuber, who desires to assist Prosecutor Cromley in the case, and who cannot be present next week. Gould is charged with arson. On Thursday the case of Ohio vs. U. S. Lybarger will be commenced. Lybarger is charged with receiving money knowing a bank to be insolvent. This case is the outcome of the failure of the Gambier Banking company. The cases of Ohio vs. Hills and Ohio vs. Wyant will follow the Lybarger case.