Putnam County Banking Company

Episode Information

Episode UID: 6031077591375
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 603107759 hash
Start Date: July 17, 1914
Location: Ottawa, Ohio (41.019, -84.047)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 1c4457a7c04a9a80

Response Measures

None

Description

Placed in hands of state banking department for liquidation after run.

Events (2)

1. July 17, 1914 Receivership

Newspaper Excerpt: following a run, today placed its affairs in the hands of the state banking department for liquidation.
Source: newspapers

2. July 17, 1914 Run

Cause: Bank Specific Adverse Info
Cause Details: Run followed revelations of bad loans and investments made before conversion to a state institution; heavy withdrawals preceded closing.
Newspaper Excerpt: The Putnam County Banking Company at Ottawa, following a run, today placed its affairs in the hands of the state banking department for liquidation.
Source: newspapers

Newspaper Articles (1)

1. July 18, 1914 The Wheeling Intelligencer Wheeling, WV

Article from The Wheeling Intelligencer, July 18, 1914

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Article Text

FROM OHIO Intelligencer Bureau. Columbus, O., July 17. The Putnam County Banking Company at Ottawa, following a run, today placed its affairs in the hands of the state banking department for liquidation. The capital stock is $25, 000 and It has $270,000 deposits two days before the closing. Bad loans and investments made before the bank became a state institution are given as the causes of the embarrassment. A. P. Sandles, president of the state agricultural commission, is one of the bondsmen for the deposit of $50,000 of public funds placed in the bank. Jacob Klebavid was killed and three other workmen were injured in a fall from a scaffold at Cleveland today. Dr. S. S. Hough, secretary of the foreign missionary society of the United Brethren church, and Mrs. Mary Albert, editor of the Evangel, the missionary publication of the church, were united in marriage at Dayton, to. day. Bishop Howard, the missionary bishop of the church, officiated. The bride was at one time a missionary in Africa and the widow of a missionary who lost his life in that country. J. Bruenstrupp, alias Victor Bennett. Carl F. Geyer, alias Harry Garford, and A. E. Patchin, operating the Mercantile Publicity Company, were indicted at Dayton today, charged with falsely representing the financial condition of their company, which dealt with newspapers in handling advertising and merchandise. An automobile carrying a party of attorneys to Congress Lake collided with an automobile driven by Mrs. F. C. A. Sparks, of Akron, near Canton, to-day, and six persons were hurt. The injured are: Judge R. S. Shields, of the Fifth District Court of Appeals; nose broken and both legs hurt; unable to walk. Mrs. F. C. Sparks, of Akron, two ribs broken, severe bruises; taken to Mercy hospital. George H. Clark, brutted. A. M. McCarty, owner of the car, bruised. Clarence Herbruck, bruised. Colonel J. J. Clark, of Orlando, Fla., visiting his son, George H. Clark, slightly bruised. Gilbert Canterbury, newspaper man, and John Geisy, McCarty's chauffeur, were not injured. Recommendations yesterday by the State Board of Pardons were: Rolla Smith, Williams county, indeterminate sentence, grand larceny, pardon; William Sullivan, Tuscarawas county, two years, safe blowing. pardon: Edward Odle, Scioto county, indeterminate sentence, receiving stolen property, commutation to one year; Charles V. McGinty, Richland county, indeterminate sentence, forgery, commutation to one year; Allen Bradford, Clinton county, burglary, commutation to 12 years. TOLEDO. O., July 17.-Accused of creating a disturbance on the high seas, two young women and two men were taken into custody to-day by order of the captain of the State of New York on Lake Erie Thursday night. At the county jail they said they were Miss Pearl Berry, 23. and Miss Bessie Lehman, 24. of 1825 Adams street, and Jacob. 24. and Henry Boehler, brothers, of 902 Vinton street. The men were fighting among themselves It is said, when the members of the crew were compelled to arrest them. As the passenger steamer State of New York reached the Detroit and Cleveland Navigation company's dock here the prisoners were turned over to civil officers. Wapakoneta, O., July 17.-Lawrence Link, well known and prosperous farmer