First National Bank (Clearfield, PA)

Episode Information

Episode UID
76801101
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
7680 national
Charter Number
768
Start Date
September 30, 1891
Location
Clearfield, Pennsylvania (41.021, -78.439)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
554c28c5cf6e66b1

Response Measures

Full suspension, Books examined

Other: Comptroller/Bank Examiner took charge and a federal receiver was appointed; criminal arrests and embezzlement investigation of the president were undertaken.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1891-10-07
Date receivership terminated
1900-01-29
OCC cause of failure
Fraud
Share of assets assessed as good
27.8%
Share of assets assessed as doubtful
19.2%
Share of assets assessed as worthless
52.9%

Description

Initial run traced to distrust after a vice-president sold his stock; later examiners found false entries and embezzlement and a receiver was appointed.

Events (6)

1. January 30, 1865 Chartered
Source
historical_nic
2. September 30, 1891 Run
Cause
Rumor Or Misinformation
Cause Details
Continuous run since December attributed to A. F. Boynton (former vice-president) selling his stock, creating distrust.
Newspaper Excerpt
An unprecedented run on Saturday, Monday and Tuesday on the First National Bank of Clearfield, Pa., amounting to nearly $40,000...
Source
newspapers
3. September 30, 1891 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank suspended payment after the unprecedented withdrawals (~$40,000) made it impossible to continue business.
Newspaper Excerpt
The First National bank ... closed its doors this morning. ... the bank suspended payment.
Source
newspapers
4. October 2, 1891 Other
Newspaper Excerpt
W. H. Dill ... arrested ... on the charge of embezzlement; Bank Examiner Miller is in charge of the First National Bank; false entries found in the books of the bank.
Source
newspapers
5. October 7, 1891 Receivership
Source
historical_nic
6. October 7, 1891 Receivership
Newspaper Excerpt
The comptroller of the currency to-day appointed Benjamin J. Haywood receiver of the First National Bank of Clearfield, Pa.
Source
newspapers

Newspaper Articles (22)

Article from Richmond Dispatch, October 1, 1891

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The First National Bank of Clearfield, Pa. of which William H. Dill is president, suspended yesterday because of a three-days' past continuous un and a more or less continuous run since December last. At 3 o'clock yesterday afternoon, at Ottaws, Governor-General Stanley proceeded in state to the Parliament buildings and prorogued the first session of the Seventh Canadian Parliament.


Article from Evening Journal, October 1, 1891

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PENNSYLVANIA BANKS FAIL. One at Clearfield and Another at Houtzdale Have Suspended. CLEARFIELD, Pa., Oct. 1. The First National bank of Clearfield, of which William H. Dill is president, has closed its doors. President Dill says: "An unprecedented run on Saturday, Monday and Tuesday on the First National bank of Clearfield, amounting to nearly $40,000, made it impossible to continue business, and therefore the bank suspends payment." A continuous run has been made on the bank since last December, occasioned by the fact that A. F. Boynton, formerly vice president of the bank, sold his stock. As a brother-in-law of the president this, of course, created distrust and caused the run. It is thought that the depositors will get dollar for dollar.


Article from The Cheyenne Daily Leader, October 1, 1891

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SPARKS FROM THE WIRES. Armv officers attribute little importance to the Indian scare in the Pend D'Oreille country. Maj. William McKee Dunn, 3d artillery, United States army, died at Cushing Island, Me., yesterday, aged 48. He was a veteran of the late war. He was a son of Gen. Dunn, late judge advocate of the United States army. The National Civil Service Reform league re-elected George M. Curtis president. The Chrisman bank of Paris has failed. Officers disappeared. Small assets; about $75,000 liabilities. The First National bank of Clearfield, Pa., closed its doors. It had a run of about $40,000. Believed it will pay out in full.


Article from Wheeling Register, October 1, 1891

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Couldn't Stand the Run. CLEARFIELD, PA., September 30.-The First National bank, of Clearfield, of which William H. Dill, is president, closed its doors this morning. An unprecedented run on Saturday, Monday and Tuesday amounting to nearly $40,000, made it impossible to continue business, and therefore the bank suspended payment. The best informed think the depositors will get dollar for dollar.


Article from Pawtucket Tribune, October 1, 1891

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MINERS OUT OF POCKET. Closing of a Bank Creates a Big Sensation in a Mining Town. HOUTZDALE, Pa., Oct. 1.-The Houtzdale bank was closed yesterday. The president, W. H. Dill, is also president of the First National bank of Clearfield. Many secret and beneficial associations, the borough and several township treasurers are depositors in various sums aggregating many thousands of dollars. The savings of Hungarian and Swede miners that are locked up in the bank aggregate $70,000. Deposits were received as late as yesterday morning. The excitement is intense and were it believed that any considerable amount of money was in the bank, nothing could prevent the excited Slavs from breaking in its doors. The streets were thronged with miners. Yesetrday was also pay day and a package of about $30,000, sent from Philadelphia by the Berwind Coal company, havIng been sent in the name of the Houtzdale bank, the company's paymaster could not get possession of the money. This added greatly to the excitement. CLEARFIELD, Pa., Oct. 1.-The First National bank of this place closed its doors yesterday. There has been a run on it for a long time.


Article from Waterbury Evening Democrat, October 1, 1891

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CLOSED ITS DOORS. The Houtzdale, Pa, Bank Suspends Excited Depositors. HCUTZDALE, Pa., Oct. 1.-The Houtzdale Bank closed its doors at 10:30 yesterday morning. W. H. Dill of Clearfield owned the bank and was its presiden t, with John B. McGrath of Houtzdale, cashier. W. H. Dill is also president of the First National Bank of Clearfield, Pa., which closed its doors at the same time. The Houtzdale bank has done a large business in the way of deposits. Individual deposits range from $13,000 down, while many secret and beneficial associations, the borough and several township treasurers are depositors in various sums, aggregating many thousands of dollars. The savings of Hungarian and Swede miners that are locked up in the bank aggregate $70,000. The excitement is Intense and were it believed that any considerable amount of money was in the bank, nothing could prevent the excited Slavs from breaking in the doors. The streets are thronged with miners. Cashier McGrath says that everything is correct in the bank and that if the securities on which the money deposited in the Houtzdale Bank, sent to the Clearfield Bank, are as valuable as he presumed them to be, the depositors will lose nothing.


Article from The Seattle Post-Intelligencer, October 1, 1891

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MINERS HOWLING FOR MONEY. A Pennsylvania Bank Fails, With Heavy Deposits-Violence Threatened. HOUTZDALE, Pa., Sept. 30.-There is intense excitement here tonight over the closing of the bank at Clearfield, and trouble is feared here with the Houtzdale bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGarth is quoted as stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at the street corners, and trouble is feared at any moment with Heasians and Slave, who had their all in the First National bank at the time of the suspension-about $100,000. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale bank trouble was caused by the defalcation of Teller Hamilton a short time ago. CLEARFIELD, Pa., Sept. 30.-The First National Bank of Clearfield closed its doors this morning. Unprecedented runs Saturday and Monday and Tuesday, amounting to nearly $40,000, made it impossible to continue, and therefore the bank suspended payment. It is thought the bank will pay in full.


Article from Deseret Evening News, October 1, 1891

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TROUBLE FEARED. HOUTZDALE, Pa., Sept. 30.-There is immense excitement here tonight over the closing of the Dill bank at Clearfield (and lhe trouble here with the Houtzdale bank. The wildest rumore are floating about regarding the latter institution, though Cashier McGrath is quoted as stating that the bank will pay dollar for dollar. Hun. dreds of miners are parading the streets or gathering at the street corners, and trouble is feared every moment with the Huns and Slave, who had their all in the bank. The deposits of the First National bank at the time of the suspension were about$100,000. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale bank trouble was caused by the defalcation of Teller Hamilton a short time ago.


Article from Evening Star, October 2, 1891

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A RECEIVER TO BE APPOINTED.-Mr. Lacey, controller of the currency, received a telegram from Bank Examiner Miller recommending that the First National Bank of Clearfield, Pa., be placed in the hands of a receiver. The examiner, Controller Lacey says, will appoint a receiver as BOOM as he MA and . suitable mea


Article from Evening Star, October 2, 1891

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CLEARFIELD'S BROKEN BANK President Dill Released on Ball, but to Again Arrested. CLEARFIELD, PA., Oct. 2.-W. H. Dill, prealdent of the suspended First National Bank of this place and of the private bank at Houtzdale, which also suspended, and John B. McGratb, cashier of the latter bank, who were arrested last night on the charge of embezzlement, entered bail this morning. Mr. Dill was at once rearrested on a warrant sworn out by National Bank Examiner Miller, who is in charge of the First National Bank, and held in $25,000 bail. He has as yet been unable to obtain bondsmen. The report that Mr. Dill has made an assignment 18 incorrect, but judgments aggregating $30,000 have been entered against him. Twenty-six thousand dollars of these judgment are held in trust for his wife. Bank Examiner Milier is engaged in an examination of the books of the bank, in which work he is being assisted by the directors. It is said that several more warrants for the arrest of Mr. Dill will be sworn out today. Everything is quiet at Phillipsburg this morning, where there was a heavy run on the bank bank yesterday. Business is practically over.


Article from Alexandria Gazette, October 2, 1891

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Officers of the Broken Bank. CLEARFIELD, PA., Oct. 2.-W. H. Dill, president of the suspended First National Bank of this place and of the private bank at Hontzdale, which also enspended, and John B. McGrath, cashier of the latter bank, who were arrested last night on the charge of embezzlement, entered ball this morning. Mr Dill was at 0008 re arrested on a warrant sworn out by National Bank Examiner Miller, who is in charge of the First National Bank, and he'd in $25,000 bail. He has as yet been nosble to obtain bondsmen. The report that Mr. Dill has made an assignment is incorrect, but judgmente aggregating $30,000 have been entered against him.


Article from The Indianapolis Journal, October 3, 1891

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BANK PRESIDENT IN JAIL. Charged with Embezzlemnent and Wrecking Two Pennsylvania Institutions. CLEARFIELD, Pa., Oct. 2.-W. H. Dill, president of the suspended First National Bank of this place and of the private bank at Houtzdale, which also suspended, and John B. McGrath, cashier of the latter bank, who were arrested last night on the charge of embezzlement, entered bail this morning. Mr. Dill was at once rearrested on a warrant sworn out by National Bank Examiner Miller, who is in charge of the First National Bank, and held in $25,000 bail. The report that Mr. Dill has made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. Twenty-six thousand dollars of these judgments are held in trust for his wife. Bank Examiner Miller is engaged in an examination of the books of the bank, in which work he is being assisted by the directors. President Dill, of the Clearfield and Houtzdale banks, was removed from his residence to jail at midnight. Mrs. Dill accompanied him to jail and was given permission to stay with him all night. A committee of Houtzdale citizens attempted to serve & warrant on Dill late to-night, charging him with the embezzlement of $85,000. which was the amount withdrawn by Dill for use in the First National here. Dill being already under under arrest the warrant will not be served till morning. It is now learned that Dill has been speculating in stocks, but the amount of his losses cannot be ascertained.


Article from The Sun, October 3, 1891

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FALEN ENTRIES IN A BANK'S BOOKS. President Dill of the Clearfield Bank Arrested for the Falsification, CLEANFIELD, Pa., Oct. 2.-W. H. Dill, President of the suspended First National Bank of this place and of the private bank at Houtsdate. which also suspended. and John B. MoGrath, cashier of the latter bank. who were arrested last night on the charge of embezzlement. entered bail this morning. Mr. Dill was at once rearrested on a warrant sworn out by National Bank Examiner Miller. who is in charge of the First National Bank. and held in $25,000 ball. He has as yet been unable to obtain bondsmen. The report that Mr. Dill has made an assignment is incorrect. but judgments aggregating $30,000 have been entered against him. Twenty-six thousand dollars of these judgments are held in trust for his wife. Bank Bxaminer Miller is ongagod in an examination of the books of the bank. in which work he is being assisted by the directors. The Bank Examiner found a false entry of $10,000 this afternoon, and straightway had Dill arrested again. Then later another falso entry of $30,000 was found and so it goes, and no one knows where it will end. An officer has been with Mr. Dill all day. and If the shortage runs much higher he will be put E jail for want of ball. A special train brought his son-in-law to the front to-day. but he was not Conneially qualified to enter hall. While Dill appears cool. it is known that he is Ishoring under a heavy strain mentally. He said that he doos not want hall. and if he has one anything wrong he asks to be taken to fall, WASHINGTON. Oct. 2-Mr. Lacey, Comptroller of the Ourreher. received a telegram from Bank Examiner Miller recommending that the First National Bank of Clearfield, Pa., be placed in the hands of a receiver. The Exeminer gave no information as to the condition of the bank. Comptroller Lacey says that he will appoint a receiver as soon as he can find a suitable man.


Article from The Seattle Post-Intelligencer, October 3, 1891

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THE BANK ROBBERS. Dill, the Pennsylvania Wrecker, Held by Officers. MINERS STILL THREATENING. Collapse of a Boston Banking FirmThe Chrisman, Ill., Financiers Gambled Away Money in Chicago. CLEARFIELD, Pa., Oct. 2.-President Dill, of the defunct Houtzdale and Clearfield banks, was arrested again tonight, making the third time today. The last arrest was made on a warrant sworn out in Houtzdale, charging him with the embezzlement of $85,000. He secured bail and is now at his home, closely guarded by officers. It is believed he will go to jail some time tonight, but the officers say they will try and keep him in the house until the arrival of United States District Attorney Lyon and United States Marshal Barrah tomorrow morning. When the news spread that Dill was arrested trouble with the ,depositors broke out anew, and the excitement tonight is almost as great as when the banks first failed. It was generally thought no arrests would be made, at least until later on, and the bank examiner who is in charge of Clearfield bank and Receivers Byers and Dickey, of Houtzdale, were allowed to go quietly on with their work investigating the books of the bank. when they stumbled on accounts and entries which caused their arrest. The Huns and Slave are still wild over their losses, and tonight the late president was burned in effigy. Dill and Cashier McGrath, of the Houtzdale bank, were arrested last night on a charge of embezzlement and gave bail this morning. Dill was at once rearrested on a charge sworn out by the national bank examiner and held in $25,000 bail. The report that Dill had made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. WASHINGTON CITY, Oct. 2.-Comptroller of the Currency Lacey has received a telegram from Bank Examiner Miller, recommending that the First National bank, of Clearfield, Pa., be placed in the hands of a receiver. The comptroller says he will appoint one.


Article from The Morning Call, October 3, 1891

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Clearfield Bank Failure. CLEARFIELD (Pa.), Oct. 2.-W. H. Dill. President of the suspended First National Bank at this place, and John B. McGrath, Cashier of the private bank at Houtzdale, who were arrested last night on the charge of embezzlement, entered bail this morning. Dill at once was rearrested on a warrant sworn out by the National Bank Examiner and held in $25,000 bail. The report that Dill has made an assignment is incorrect, but judgments aggregating $30,000 have been entered against him. Bank Examiner Miller, who made the arrest, has telΓ©graphed to the Comptroller of the Currency recommending the First National Bank of Clearfield, Pa., be placed in the hands of a receiver, and the Comptroller has replied that he will appoint one.


Article from The Roanoke Times, October 8, 1891

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Two Bank Receivers'Appointed. WASHINGTON, Oct. 7.-[Special|-The comptroller of the currency to-day appointed Benjamin J. Haywood receiver of the First National Bank of Clearfield. Pa., and Henry M. Hall, Jr., receiver of the Farley National Bank of Montgomery, Ala.


Article from Delaware Gazette and State Journal, October 8, 1891

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GENERAL NJ Edward H. Schermerhorn, of New York died at his cottage in Newport, R. I., on Thursday, aged 73 years. He was worth *000'000'07$ about A telegram was received at the treasury department Friday, announcing the seizure of the steamer Hattie Gage by the revenue cutter Corwin in Behring Sea. British Columbia intends to build at the World's Fair a structure composed of every variety of wood known to the British Columbia forests, and to exhibit in it the country's mineral resources. An appearance has been filed in the Searles will case in Salem, Mass., by attorneys of Los Angeles, Cal., in behalf of Maria E. Bressee of that city, who claims to be an heir-at-law of Mrs. Searles. The Bauetschmidt & Marr brewing plant, of Baltimore, which was sold to an English syndicate in August, 1889; for $200,000 in cash and $400,000 in bonds and stock, is said to have been offered back to the original owners for $125,000 cash. Governor Jackson. of Maryland, has decided that he cannot grant the requisition asked for by the governorof Pennsylvania in the case of Albert A. Marshall, indicted in Pennsylvania for the alleged embezzlement of funds of the Etna Fire Insurance Robert Company. Howe and Nettie Hamburg, convicted in New York of stealing $7,000 worth of diamonds from Jeweller Wernicke, were Friday sentenced by Recorder Smyth. Howe was given eight years and six months and the woman five years and six months. A dispatch from Boston says that eastern boot and shoe men are much exercised over developments which indicate the existence of an organized band of fraudulent western buyers, who are securing large quantities of goods, which are secretly packed and shipped, generally to Chicago auction houses for immediatesale. A case was begun in the courts at Knoxville, Tenn., Friday, to test the legality of the leases by which the convicts are held at the Briceville mines. Judge Sneed decided against the leases, and if the decision is affirmed by the supreme court, it will result in the removal of all the convicts in East Tennessee to the state penitentiary in Nashville. When the through train on the Rock Island railroad reached Englewood, III., Friday morning, the conductor missed a lady passenger who had come through from Denver. He telegraphed to Blue Island, and about two miles west of that point the body of the missing passenger was found lying beside the track. It is believed she accidentally fell off a car platform. There is no clue to her identity. R. G. Dun & Co.'s weekly review of trade shows that the business failures occurring throughout the country during the last seven days number for the United States 201 and for Canada 29. or a total of 230, as compared with totals of 244 last week and 238 for the week previous to the last. For the corresponding week of last year the figures were 197, representing 166 failures in the United States and 31 in the Dominion of Canada. A dispatch from Apia, Samoa, gives an account of the suppression of a rebellion among natives of the island of Monona. Matanfa is said to be still surrounded by a number of discontented chiefs, and is a source of unrest to the country. Complaints are made of the incompetence and neglect of duty of Chief Justice Cedarkrantz. and of the president of the municipal council, who is said to have lost the confidence of the king and the govern ment. The insurance commissioners in session in St. Louis have adopted resolutions recommending the suppression of rebating commissions and the passage of anti rebate laws by the legislatures of the states and favoring the reduction of taxation of insurance companies. These officers were elected George B. Luper, of Pennsylvania, President; Col. H. P. Ellerby. of Missouri: Hon. W. S. Wright, of Georgia, and Hon. MeN Jo 'V 9 T executive committee. William H. Dill, president of the First National Bank of Cleartield, Pa., and of a private bank at Houtzdale, and John B. McGrath. cashier of the latter institution. entered bail Friday to answer charges of embezzlement. Dill was subsequently rearrested at the instance of Bank Examiner M 11 r and held in $25,000 bail, which he was not able to procure. The bank examiner has recommended to the comptroller of the currency the appointment of a receiver for the Clearfield bank. Chicago The convention of the Irish National Fridav


Article from Shenandoah Herald, October 9, 1891

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THE NEWS EPITOMIZED. Eastern and Middle States. THE Massachusetts Democrats in convention at Worcester renominate William E. Russell for Governor. JUDGMENT was renderel against John Bardsley, ex-Treasurer of Philadelphia, Penn., for $394,010. REMEL, the man who attempted to wreck a Lehigh Valley Railroad train at Kennedy's station, near Phillipsburg, N.J., a month ago, has been sentenced to ten years at hard labor in State prison and fined $1000. WILLIAM GOULD, JR., of Albany, N. Y., who was found guilty of aiding and abetting Bookkeeper Whitney in falsifying the accounts of the Albany City National Bank, han been sentenced to six years' imprisonment. AT the meeting of the National Civil Service Reform League at Buffalo, N. Y., George William Curtis was re-elected President. THE First National Bank of Clearfield, Penn., of which William H. Dill is President, closed its doors. President Dill authorizes the following: An unprecedente run, amounting to nearly $40,000, made it impossible to continue business, and, therefore, the bank suspends payment. W. F. GOULD, of Portland, was released from the Maine State Prison on a pardon by the President. He had served five years of a ten years' sentence for embezzlement while acting as cashier of the First National Bank of Portland. THE Soldiers' Monum at was unveiled at Pottsville, Penn., General Horace Porter delivering the oration. DAMAGING frosts were reported in Central Massachusetts and New Hampshire. BOTH claimants to the Governorship of Connecticut have agreed to take their controversy into the State Supreme Court for final settlement. EDMUND H. SCHERMERHORN, of New York, aged seventy-three, died at his cottage in Newport. R. I. He was one of the wealth. test and most eccentric of summer residents. For half a dozen years he has been a recluse. He had been a summer resident there for thirty years. He was worth about $20,000,000. ARLIE MONROE, the twelve-year-old son of Town Treasurer Monroe, of East Providence, R.I., fell from the belfry on the new Town Hall, a distance of seventy-five feet, and was instantly killed. The fatality was the result of an act of bravado. A GENERAL strike of railroad coal miners of the Pittsburg (Penn.) district was inaugurated. It was estimated that nearly 10,000 men quit work. They are firm for the three and a half cent rate. A. B. TURNER & BROTHER, bankers at Boston, Mass., have failed. Their liabilities are about $500,000. ISAAC RANDALL, of Syracuse, N. Y., and his son were killed by a train at Fayetteville.


Article from The Cambria Freeman, October 9, 1891

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A Clearfield Bank Closes. The First National Bank, of Clearfield, of which William H. Dill is president, closed its doors on Wednesday of last week. This institution was one of the oldest, and, for years, considered among the strongest banks of the state. President Dill submitted the following for publication: "An unprecedented run on Saturday, Monday and Tuesday on the First National Bank of Clearfield, Pa., amounting to nearly $40,000, made it impossible to continuè business, and therefore the bank suspends payment." There has been a continuous run on this bank since December last. This was occasioned by the fact A.F. Boynton, formerly vice-president of the bank, sold his stock. As a brother-in-law of the presideut, this, of course, created distrust and made a run. The bank has helped a number of business men financially during the past two years, and has lost considerable in this way, The Houtzdale bank, a branch of the Clearfield bank, also closed the same day. Warrants ha ve been sworn out and President Dill is now in jail, charged with embezzling $85,000,


Article from Pittsburg Dispatch, October 17, 1891

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A BANK DRAINED DRY. MORE FACTS IN RELATION TO DILL COMING TO LIGHT. At Various Times During the Year He Had $1,000,000 Credited to His Personal Account-$30,000 Worth of Good Paper Discounted by Him. CLEARFIELD, Oct. 16.-[Special.]-Receiver Richard Haywood, of Mercer, is here, and has charge of the First National Bank. Examiner Miller had affairs in good shape, so that the receiver can go ahead with the settlement. Neither will say anything regarding the affairs, but facts regarding the bank have leaked out. It seems that Dill has been doing a tremendous business during the past year, his accounts reaching nearly $1,000,000 since last fall. That is, he has had that much credited to his individual account at various times. Another secret just out is that of the $40,000 claimed to have been drawn out by a depositor during the last three days before the bank closed. Dill and his people drew $37,000. This left not $3,000 to be drawn by the depositors. It is also to be shown that Dill took away during the last two days $35,000 worth of good paper and had it rediscounted, putting his own individual paper in its place. The officers claim that they can recover this, and will try to do SO. Some of this paper went to the Curwensville bank, of which Dill's son-inlaw is cashier. Efforts are now being made to trace the rest of the paper and enter proceedings against the holders. Officials say there are six separate and distinct charges to be made against Dill, and that they will insist on having him tried separately on each. The officers of the bank are doing all in their power to aid the receiver in saving something from what is now known to be the mere wreck of a bank. When the doors closed Wednesday, September 30, there were but $1,400 left in the bank vaults. A special telegram to THE DISPATCH from Altoona says: J. F. Snyder, of Clearfield, Pa., attorney for Banker Dill, of that place, appeared here this morning before Commissioner Ambrose and gave the information, accompanied by the necessary papers, to show that Dill had gone before Judge Krebs, at Clearfield, Thursday, waived a hearing and entered a recognizance for his appearance at the next session of the United States Circuit Court, to be held at Pittsburg on the second Monday in November. Bail was furnished in the sum of $40,000, the bondsmen A. E. Patton, banker and a son-in-law of Dill; A. W. Lee, lumberman and Register and Recorder, and W. W. Betz. all of Clearfield. The bond was approved hy Commissioner Ambrose and forwarded to United States District Attorney Lyon, at Pittsburg.


Article from The Wilmington Daily Republican, December 31, 1891

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# BANKER DILL'S HEARING. The Accused Financier Held in $30,000 Bail for Trial. CLEARFIELD, Pa., Dec. 31.β€”The hearing of William H. Dill, late president of the First National bank of Clearfield and the Houtzdale bank, of Houtzdale, took place in Squire McCullough. The information is made by John B. McGrath, formerly cashier of the Houtzdale bank, and charges Dill with having on May 15 drawn $25,000 of the Houtzdale funds out of the Chestnut Street National bank, of Philadelphia, and converting the same to his own use. The prosecution was represented by George B. Orlady, of Huntingdon; District Attorney Wilson and W. I. Shaw. Dill's interests were cared for by J. H. Orvis, J. F. Snyder, Oscar Mitchell and R. D. Swope. The clerks of the First National were called and identified the draft which was sent to Philadelphia, along with the daily statement. They testified that the draft was credited to the individual account of Dill by his order.. Receiver Haywood testified as to Dill's account, swearing it to be overdrawn $4,000 when he took charge. Cashier McGrath swore that he know nothing of the transaction until the Chestnut Street bank sent their statement in June, and that when he inquired of Dill's son he understood it had been drawn by the First National and that Houtzdale was credited on the First National books. After hearing the testimony the justice held Dill in $30,000 for his appearance at February quarter sessions. The bail was promptly furnished.


Article from Pittsburg Dispatch, January 1, 1892

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A big crocodile takes possession of Lebanon's water works. The Senate will make but 8 limited inquiry into the Boyer-McCamant matter. Ohio miners will oppose foreign labor. Two of R. E. Hoe's sons, the printing press mannfacturer, of New York, marry without giving previous notice. 80-General Boulanger commits sensational suicide on the grave of his mistress in Brussells. The First National Bank of Clearfield succumbs to a run, and a Houtzdale Bank is suffering from a similar cause. The title to $3,000,000 worth of property at East Liverpool is contested by the McKinnon heirs. The funeral of the late William H. Kemble is largely attended in Philadelphia. Three men are killed and 25 injured on the New York. Lake Erie and Western Railroad near Kent, O., by a collision caused by inexcusable blunder.