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Will Start a New Bank, CLEARFIELD, PA., March 25.-The Houtzdale bank has been purchased by Wm. H. Diil and John B. McGrath, of Houtzdale. Rumors have been in circulation affecting the bank and a run was begun. The new bank will have a capital of $50,000.
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A Pennsylvania Bank Sold. CLEARFIELD, Pa., March 26.-The Houtzdale Bank has been purchased by William H. Dill and John B. McGrath of Houtzdale. Rumers have been in circulation affecting the bank, and a run was begun. The new bank will have a capital of $50,000.
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BANK CLOSED DOWN. Unable to Stand the Strain of a Heavy Run. CLEARFIELD (Pa.), Sept. 30.-The First National Bank of Clearfield 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 suspends payment. It is thought that the bank will pay in full. HOUTZDALE (Pa.), Sept. 30.-There is intense excitement here to-night over the closing of the Dill Bank at Clearfield and trouble here with the Houtzdale Bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGrath is quoted as stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at street corners, and trouble is feared every moment with the Huns and Slavs who had their all in the bank. The deposits at 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.
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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.
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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.
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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.
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CLOSED ITS DOORS. The Houtzdale, Pa, Bank Suspends Excited Depositors. HOUTZDALE, Pa., Oct. 1.-The Houtzdale Bank closed its doors at 10:80 yesterday morning. W. H. Dill of Clearfield owned the bank and was its president, 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.
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EXCITED DEPOSITORS. he Houtzdale and Clearfield Banks Close Their Doors. HOUTZDALE, Pa., Oct. 1.-The Houtzdale bank has closed its doors. W. H. Dill, of Clearfield, owned the bank and was its president, with John B. MoGrath, of Houtzdale, cashier. W. H. Dill is also president of the First National bank of Clearfield, Pa., which has also closed its doors. 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 tréasurers are depositors in various sums aggregat'ne many thousands of dollars. The savings of the Hungarian and Swede miners that are locked up in the bank aggregate $70,000. Deposits were ! eceived three hours before the suspension. 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 are thronged with miners. A package containing about $30,000,sent from Philadelphia by the Berwind Coal company, having been sent in, the name of the Houtzdale bank, the company paymaster could not get possession of the money. This added greatly to the excitement. Cashier McGrath says that everything is correct in the bank, and the depositors will lose nothing. Cashier McGrath has made an assignment to John Beyer, and will ask the court to appoint a receiver should the president of the bank not concur in the assignment.
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COULDN'T STAND THE RUN. The First National Bank of Clearfield, Pa., Compelled to Close Its Doors. CLEARFIELD. Pa., Sept. 30.-The First National Bank of Clearfield, of which William H. Dill is President. closed its doors this morning. President Dill authorizes the following: 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." There has been a continuous run on this bank since December last. This was 00casioned 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 created distrust and made a run. HOUTZDALE, Pa.. Sept. 30.-There is intense excitement here to-night over the closing of the Dill Bank at Clearfield, and the trouble here with the old Houtzdale Bank. Hundreds of miners are parading the streets or gathering at the street corners, and trouble is feared every moment with the Huns and Slavs, who have their savings in the bank. President Dill says the depositors of both institutions will be paid dollar for dollar. The Houtzdale Bank trouble was caused by the defalcation of the teller. W. B. Hamilton. who is now in jail, charged with embezzling $45,000.
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EMBARRASSED BANKS. Two Related Institutions in Pennsylvania on the Verge of Ruin. CLEARFIELD, Pa., Sept 30 -The First National bank of Clearheld closed its doors this morning. An unprecedented run on Saturday, Monday and Tuesday. amounting to $40,000, made it impossible to continue business, and the bank suspends payment. It is thought the bank will pay in full. HOUTZDALE, Pa., Sept. 30.-There is intense excitement here tonight over the closing of the Dill bank at Clearfield and trouble here with the Houtzdale bank. the wildest rumors are floating about regarding the latter institution, though Cashier McGrath is quoted as stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at street corners, and trouble is feared every moment with the Huns and Slavs who had their all in the bank. The deposits of the bank at the time of its 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.
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Excitement Over the Failure at Houtzdale. HOUTZDALE, Pa., Sept. 30.-There is immense excitement here to-night over the closing of the Dill bank at Clearfield, and there is trouble here with the Houtzdale bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGrath is quoted as stating the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at street corners, and trouble is feared every moment with the Huns and Slavs 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 is caused by the defalcation of Teller Hamilton a short time ago.
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EXCITED DEPOSITORS. HOUTZDALE (Pa.), Sept. 30.-There is intense excitement here to-night over the closing of the bank at Clearfield and trouble here with the Houtzdale Bank. The wildest rumors are floating about regarding the latter institution, though Cashier McGrath is quoted ns stating that the bank will pay dollar for dollar. Hundreds of miners are parading the streets or gathering at street corners and trouble is feared every moment with Huns and Slavs who had their all in the bank. Deposits in the First National Bank at the time of the suspension were about $100,000. President Dill says 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.
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BUSTED BANKS. Pennsylvania and Illinois Depositors Fare III. HOUTZDALE, Pa., Oct. 1.- The excitement over the suspension of the Clearfield and Houtzdale banks continues. When depositors were informed they were likely to receive less than 50 per cent of their money, the lower classes formed in squads, and shouted execratiens and threats against the officers that would have certainly been put in execution had they been found. A large delegation of Houtzdale citizens called on President Dill at Clearfield to-night and demanded and pleaded with him that he make some satisfactory statement. They pointed out that the two towns were actually threatened with financial ruin, and other disasters in the future were to be feared unless he made some sort of statement showing what he could and would do in paying the vast army of depositors in the two banks. To all these pleadings President Dill returned the answer that he was all right and the banks were all right, and if the depositors stood by him they would be all right. This afternoon Judge Krebs appointed George W. Dickey and John Boyer receivers of the Houtzdale bank and they now have charge of the insti-
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Houtzdale Bank Officers Arrested. PHILLIPSBURG, Pa., Oct. 2.-John B. McGrath, cashier of the Houtzdale Bank, was arrested last night, charged with embezzlement. A warrant was also issued for the arrest of President William H. Dill. John Beyer and George W. Dickey of Houtzdale have been appointed receivers for the Houtzdale Bank by Judge Kress.
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CHARGED WITH EMBEZZLEMENT. President Dill of the Clearfield Bank Again Arrested. CLEARFIELD (Pa.), Oct. 2.-President Dill of the defunct Houtzdale and Clearfield Banks was arrested again to-night, making the third time to-day. The last arrest was made on a warrant sworn out in Houtzdale charging him with the embezzlement of $85,000. He secured bail for the other charges, but has not been able to secure another dollar of bail, and is now at his home closely guarded by officers. It is believed that he will go to jail some time to-night, 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 to-morrow morning. When the news spread that Mr. Dill was arrested the trouble with depositors broke out anow. and the excitem ent tonight is almost as great as when the banks first failed. It was generally thought that no arrests would be made, at least till later on, and the Bank Examiner, who is in charge of the Clearfield Bank, and Receivers Byers and Dickey of the Houtzdale Bank, were allowed to go quietly on with their work of investigating tire books of the bank, when they stumbled on accounts and entries which caused their arrest. The Huns and Slavs are wild over their losses, and to-night the late President was burned in effigy.
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The Scoundrelly Bankers. CLEARFIELD, Pa., Oct. 2.-President Dill, of the defunct Houtzdale and Clearfield banks, was arrested again to-night, making the third time to-day. The last arrest was made on a warrant sworn out in Houtzdale charging him with embezzling $85,000. He secured bail for the other charges, but has not been able to secure another dollar bail and is now at his home closely guarded by officers. It is believed that he will go to jail some time to-night, 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 Darrah to-morrow morning. When the news spread that Mr. Dill was arrested trouble with the depositors broke out anew, and the excitement to-night is almost as great as when the banks first failed. It was generally thought that no arrests would be made, at least until later on, and the bank examiner who is in charge of the Clearfield bank, and Receivers Byers and Dickey, of Houtzdale, were allowed to go quietly on with their work of investigating the books of the bank, when they stumbled on the accounts and entries which caused their arrest. The Huns and Slavs are still wild over their losses and to-night late President Dill was burned in effigy.
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since the Clearfield Bank closed and the Houtzdale Bank failed, the Phillipsburg Institution has experienced an unprecedented run. The miners and their friends first took alarm from the reports from Houtzdale, and began an open onalaught on the local bank, gathering there in a line and steadily drawing deposits of $500 and $1000 without R word of comment on either side. The bank stood the pressure easily and paid out thousands within the last three banking days; then the heavy depositors took fright, and the result was the announcement today. The president of the bank is Jonathan Boynton, father-in-law of President Dill of the Houtzdale and Clearfield banks.
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Bank failures have become epidemic in Pennsylvania, the panic spreading from town to town. One goes down and carries another ; people become alarmed and the money stringency presses every one. Since the heavy failure in Philadelphia, Clearfield, Houtzdale and Phillipsburg banks have followed. Distrust prevails everywhere and depositors are drawing their money. This seems to be the situation in the most highly favored, protected, run-mad Republican State in the Union.
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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,
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# Dill Held for Court. HOUTZDALE, PA, Dec. 31.—The trial of William H. Dill, late President of the First National Bank of Clearfield and the Houtz-dale Bank, took place before 'Squire McCullough to-day. The information is made by J. B. McGrath, formerly cashier of the Houtzdale Bank, and charges Dill with having, on May 15th last, drawn $2,500 of the Houtzdale funds out of the Chestnut Street National Bank, of Philadelphia, and of converting the same to his own use. The prosecution was represented by G. 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. After hearing the testimony the justice held Dill in $3,000 for his appearance at the February Quarter Sessions. Bail was furnished promptly.
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BANKER DILL'S METHOD? Did Business Without Capital and Used the Depositors' Cash. CLEARFIELD, Ps., Feb. .-The trial of Banker Dill of the suspended Houtzdale institution, for converting to his own use $25,000 drawn against the account of the Houtzdale Bank on the Chestnut Street National Bank of Philadelphia, began to-day. Cashier McGrath testified that be knew nothing of the transaction complained of until the monthly statement was received from Philadelphia, He testified that he and Dill entered into partnership without capital, and took charge of the Houtzdale Bank. They advertised a capital of $850,000, but did business wholly on money deposited. This money, taken by Dill, belonged to depositors. At different times Dill took money, aggregating about $80,000 belonging to depositors and brought it to Clearfield, saying that he did 80 because the Houtzdale vault was not se. cure. Only $15,000 of this money was credited to the Houtzdale Bank, the rew mainder was credited to Dill's private account.
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DILL DISCHARGED Judge Mayer Takes tle Case from the Jary. PITTSBURG, Pa., Feb. 5-A Clear&eld special dispatch says: The trial of President Dill of the First National Bank of Clearfield and of the Houtzdale Bank has come to a sudden ending. From the nature of the evidence Judge Mayer took the case from the jury and ruled that the First National Bank was responsible for the amount of the draft, and that Dill could not be convicted in the light of the evidence adduced. The Judge directed that a verdict of "not guilty, but pay the costs" be entered on the record and Dill was discharged. Attorney Snyder then made a motion for Dill's discharge from answering the charges of embezzlement on the ground that two terms of Court had elapsed and no bills of indictment had been found. The order asked for was granted and Dill was discharged on all the Commonwealth cases on the docket in this county. The depositors of the Clearfield National Bank are much exercised over Judge Mayer's rulings, while the Houtzdale depositors are much elated. The civil suit to recover the $80,000 by the Houtzdald Bank receivers will be tried next week.