Peoples Bank & Trust Company (California, PA)

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FAILURES OF BANKS ONE IMPORTANT CONCERN 12. WASHINGTON, Nov. The treasury department today received notice of the followMering bank suspensions: Portland, chants' National, Oregon: Ravenswood Exchange The Peo bank, Chicago, Ill.: ple's bank, California, Pa. With exception of the Portland bank the failures are not important. The Portland institution is one of the largest in the northwest. Officials of the bank are stated to have communicated to Secretary Cortelyou that their concern is solvent and that with assistance from the treasury department they will be able to resume business without loss to their depositors.

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ARRESTS IN BANK SUSPENSION

Cashier of California (Penn.) Institution and Business Man Involved. Pittsburg. Nov. 12.-Immediately following the closing of the People's Bank of California, Penn., near here, to-day. by Willets Binns, State Bank Examiner, Oliver P. Piper, the cashier, and William L. Lenhart, a Pittsburg business man. who lives in Brownsville, Penn., were arrested, charged with conspiracy to defraud the bank. Both were held under heavy bond. Piper's bondsmen paid over to the bank $20.000 toward the alleged shortage, which is unofficially placed at $65,000. The bank, a state institution, was organized in 1899 with a capital of $75,000 and has a surplus of $38,000. Lenhart is a member of an advertising firm in this city and of the firm of Chatland & Lenhart. makers of the Brownsville water cracker. at Brownsville, Penn. The cracker company. it is said. will close to-morrow to protect its outstanding paper, but expects to resume as soon as danger of unusual demands upon its resources is over. Other bankers say no other institution is affected and that the trouble is entirely due to bad business methods. The cashier is accused of making bad loans and of losses in stock dealing.

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SHORT PARAGRAPHS

Mrs. Carrie Nation has been made a life member of the Woman's Christian Temperance union. Large reductions in working forces in many industries in Chicago have been made within the last few days, owing to searcity of orders and business depression. Oliver P. Piper, cashier of the People's Bank of California, Pa., who was charged with conspiracy to defraud the bank following the suspension of the institution, has not succeeded in securing bail. It is said the deficit in the bank is over $100,000. Bishop Charles D. Williams, of the Protestant Episcopal diocese of Michigan, in his annual address to the diocesan convention in Detroit criticised Episcopalians in his diocese for lack of public spirit and small contributions to the church's diocesan work.

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Oliver P

Piper, cashier of the People's Bakn of California, Pa., near Pittsburg, who was charged with conspiracy to defraud the bank following the suspension of the institution has not yet succeeded in securing bail. It is now said the deficit in the bank is over $100,000.

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Financial Institutions Suspend

The developments Tuesday in the financial crisis were as follows: The Merchants' National bank of Portland, Ore., with deposits of $5,212,052, closes its doors; California bank at Oakland, Cal., suspends payment; Farmers and Merchants' bank of Sapulpa, Ind. T., is foreed to suspend; People's bank of California, Pa., closes its doors; Ravenswood bank, a small Chicago institution, goes into the hands of a receiver.

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Financial Institutions Suspend

The developments Tuesday in the financial crisis were as follows: The Merchants' National bank of Portland, Ore., with deposits of $5,212,052, closes its doors; California bank at Oakland, Cal., suspends payment; Farmers and Merchants' bank of Sapulpa, Ind. T., is forced to suspend; People's bank of California, Pa., closes its doors; Ravenswood bank, a small Chicago institution, goes into the hands of a receiver.

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Facilitates Investigation

The action, as explained officially, is to facilitate the investigation now being made of the government printing office by congress. Rossiter now is a chief clerk in the census bureau. Big Shortage Reported. Washington, Pa., Feb. 5.-J. C. McClain, receiver of the People's bank of California, Pa., which closed recently, stated that 2,000 irregularities have been found in the books of that institution. The shortage is said to reach $70,000. Indictments will likely follow.

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Irregularities Found

Washington, Pa., Feb. 5.-J. C. McClain, receiver of the People's Bank of California, Pa., which closed recently, stated today, it is said, that 2,000 Irregularities had been found in the books of that institution, dating back to November, 1906. The shortage, it is said, will reach $70,000.

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Found 2,000 Irregularities in Books. Washington, Pa., Feb. 6.-J. C. Mc Clain, receiver of the People's bank of California, Pa., which closed re cently, stated Wednesday that 2,000 irregularities had been found in the books of that institution. The short age will reach $70,000. Indictments will be presented to the grand jury this week.

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FEE'S HOME MADE CANDIES

WALTON'S DRUG STORE. O FINDS IRREGULARITIES Washington, Pa., Feb. 6.-J. C.MeClain, receiver of the People's bank, of California, Pa., which closed recently, states that 2,000 irregularities have been found in the books of the institution. The shortage is said to amount to $50.000 and several indictments are likely to follow the receiver's examination.

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SHORTAGE OF $70,000. Washington, Pa., Feb. 5.-J. C. McClain, receiver of the People's bank of California, Pa., which closed recently, stated today that 2,000 irregularities had been found in the books of that institution, dating back to November, 1906. The shortage, it is said, will reach $70,000. Indictments are likely to follow.

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J. C. McClain, receiver of the People's Bank of California, Pa., which closed recently, is said to have reported that 2,000 irregularities had been found in the books of that institution, dating back to November, 1906. The shortage, it is said, will reach $70,000. Indictments will be presented to the grand jury during the present week

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Receiver's Charges

Washington, Pa., Feb. 6.-J. C. Mc. Clain, receiver of the People's bank. of California, Pa., which closed recently, stated, it is said, that 2000 irregularities had been found in the books of that Institution, dating back to November, 1906. The shortage, it Indictis said, will reach $70,000. ments will be presented to the grand jury.

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Domestic.

The trustees of Hanover college, at Madison, Ind., elected Prof. W. A. Millis president of the institution.

J. C. McClaim, receiver of the People's Bank of California, Pa., says that 2,000 irregularities have been found in the books of that institution. The shortage will reach $70,000.

According to an average established by investigation undertaken by the Pittsburg survey, typhoid fever cost Greater Pittsburg the sum of $721,436 for the year ending June, 1907.

A bed for the sole use of persons injured in automobile accidents is to be endowed in the new Garetson hospital at Philadelphia by members of the Quaker City Ladies' Motor club.

The city council of Stockton, Cal., has passed an ordinance closing the saloons on Sunday and compelling the restaurant and drug stores to refrain from selling liquor on that day.

Instruction in the science of physical culture will form a part of the work of the summer school at the University of Utah this year. The students will be qualified to teach physical culture.

The trustees of Columbia university have appointed Prof. R. C. MacRae to the chair of humanity, a new department, established under an endowment of $100,000 made to the university for that purpose.

Coal shipments from the Pittsburg district to the Great Lakes will begin in March this year, one month earlier than in former years, in order to prevent congestion at the lake ports and to eliminate higher charges as the season advances.

The program for the twelfth triennial convention of the International Sunday School association, to be held in Louisville, Ky., July 18 to 22, has been tentatively completed. There will be nearly 2,500 delegates entitled to seats in the convention.

The increasing number of drowning accidents each summer has induced the faculty of Columbia university to institute a course of lifesaving. The lessons will be given in the big tank in the university gymnasium once a week by the swimming instructor, and the course will count each student two credits toward his degree.

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Big Bank Shortage

J. C. McClain, receiver of the People's Bank of California, Pa., which closed recently, stated, it is said, that 2,000 irregularities had been found in the books of that institution dating back to November, 1906. The shortage, it is said will reach $70,000.

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Pennsylvania Bankers Indicted

Washington, Pa., Feb. 8.-The grand jury which has been investigating alleged irrigularities in the affairs O1 the People's bank of California, Pa., recently suspended, Friday returne/ seven indictments. One of the indictments against O. F. Piper, formes cashier, contains 199 counts.

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-The eleven laundries under 1 Cincinnati, .ng a combination to raise indictment to-day and each was fined prices plead ust also agreed to dissolve $50 and costs against the laundry proprieand the indi tors were nolied The indictments were returned more than a year ago. Pittsburg, Feb. 13.-The Standard Oil Company announced an advance of 5 cents in three grades of oil to-day as follows: North Lima, 99: South Lima. 94. and Indiana, 94. Pennsylvania remains unchanged. Cincinnati, Feb. 13.-Following the appointment of a receiver for the Laning Printing Company at Norwalk yesterday, Howard Barney was appointed receiver for the Robert Clarke Company here to-day on application of J. F. Laning, the principal stockholder. The Robert Clarke Company was in the courts a few years ago and then obecame the property of the Laning company. but retained its name. The assets are said to be $130.000 and liabilities $45,000. Norfolk, Va., Feb. 3.-The Woodstock Iron Works of Norfolk. incorporated in Virginia for the conduct of a general foundry business, was organized here to-day with a capital of $500,000. The company will operate in Anniston, Ala. as an auxiliary to the present Woodstock foundries and iron works J. N. Barr. former irresident of the Seabcard Air Line Railway, is president. San Francisco. Feb. 13.-The report of the fire insurance business for 1907 on the Pacific Coast shows the total amount of the policies written to be $1,233,229,613 on which premiums to the amount of $25,963,447 were paid. The losses for the year amount to $6,682,652 or 25.7 per cent of the premiums. In California considered separately the rate of loss was less, being 20.9 per cent. Seattle Feb. 13.-At a conference between atarneys for the Great Northern and Northern PaciEc railreads. Northwest lumbermen and the business interests yesterday a tentative compromise of the rate question was reached by the railroads offering to haul lumber at the old rates, leaving it optional with the carriers whether or not the shippers shall be required to put up bonds to guarantee the payment of the new rate in case the railroads get a favorable decision from the Interstate Commerce Commission. Chardon. Ohio, Feb. 13.-The Circuit Court today set aside the conviction of R. N. Ford, recently found guilty of unlawfully using funds of the private bank of Ford Bros. at Burton, which failed a few years ago for over one million dollars. Pittsburg. Feb. 13.-Arguments in the equity suit brought by Thomas Rinaker, receiver of the defunct Enterprise National Bank, against former State Treasurer Frank G. Harris, of Pennsylvania, for the recovery of $20,000. were begun to-day in the United States District Court. Cincinnati, Feb. 13.-The threatened cut on railway wages was considered at an important conference of the various executive heads of the Brotherhood of Locomotive Engineers in this city this afternoon. This cut was recently announced on the Queen & Crescent system and is said to be impending on other unes. Chicago, Feb 13.-A warrant charging A. C. Tisdelle. a former banker of this city, with receiving deposits after his bank was insolvent was sworn out to-day by Henry W. Lackey, an attorney. Tisdelle conducted a private bank which closed its doors on Jan. 22. Pittsburg, Feb. 13.-The People's Bank at Cali fornia, Penn., which has been in the hands of a receiver for two months reopened for business today. When the bank closed there was e shortage of $83,000. The directors and stockholders made this good. Keene, N. H., Feb. 13.-The chair factory of Dunn & Salisbury. which has been running on a reduced schedule for some time, resumed operations in full to-day. Northampton Mass. Feb. 13.-The Mount Tom mill. operated by the Connecticut Valley Lumber Company, shut down to-day, on account, it is said. of a lack of orders. About a hundred and thirty-five hands are affected.

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Domestic.

The trustees of Hanover college, at Madison, Ind., elected Prof. W. A. Millis president of the institution.

J. C. McClaim, receiver of the People's Bank of California, Pa., says that 2,000 irregularities have been found in the books of that institution. The shortage will reach $70,000.

According to an average established by investigation undertaken by the Pittsburg survey, typhoid fever cost Greater Pittsburg the sum of $721,436 for the year ending June, 1907.

A bed for the sole use of persons injured in automobile accidents is to be endowed in the new Garetson hospital at Philadelphia by members of the Quaker City Ladies' Motor club.

The city council of Stockton, Cal., has passed an ordinance closing the saloons on Sunday and compelling the restaurant and drug stores to refrain from selling liquor on that day.

Instruction in the science of physical culture will form a part of the work of the summer school at the University of Utah this year. The students will be qualified to teach physical culture.

The trustees of Columbia university have appointed Prof. R. C. MacRae to the chair of humanity, a new department, established under an endowment of $100,000 made to the university for that purpose.

Coal shipments from the Pittsburg district to the Great Lakes will begin in March this year, one month earlier than in former years, in order to prevent congestion at the lake ports and to eliminate higher charges as the season advances.

The program for the twelfth triennial convention of the International Sunday School association, to be held in Louisville, Ky., July 18 to 22, has been tentatively completed. There will be nearly 2,500 delegates entitled to seats in the convention.

The increasing number of drowning accidents each summer has induced the faculty of Columbia university to institute a course of lifesaving. The lessons will be given in the big tank in the university gymnasium once a week by the swimming instructor, and the course will count each student two credits toward his degree.

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STATE BANK REOPENS

New Cashier in Charge of Institution at California, Pa. California, Pa., Feb. 13.-The People's Bank of this town,- which has for the past two months been in the hands of a receiver, was opened again this morning in charge of a new cashier, O. F. Piper, the former cashier, who was accused of having taken most of the shortage of $83.000, not having yet been tried. The bank, which held much of the funds of the State Normal School, was backed by rich men who saw to it that the bank was reopened.

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Banks Reopen DIRECTORS AND FRIENDS MADE GOOD SHORTAGE AND THE DOORS WERE OPENED. (By United Press.) CALIFORNIA, Pa, Feb. 13.-The People's Bank here after being in charge of a temporary receiver for two months is again open. The shut down followed an $83,000 shortage when charges were preferred against O. F. Piper, former. cashier, Max Avener and W. I. Lenhart. The trials are set for next Tuesday. The bank directors and friends made the shortage good and the insitution is now on a solid footing.

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Big Bank Shortage

J. C. McClain, receiver of the People's Bank of California, Pa., which closed recently, stated, it is said, that 2,000 irregularities had been found in the books of that institution dating back to November, 1906. The shortage, it is said will reach $70,000.