The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-02-17

their doCtS, "Gii gone 10 old l1p's FaiHih
From the Chicohe Advertiser,
TIRE BANK OF GRANVILLE EX-
FLOODED.
B.ak EXPLOSIONS end frauds have now be-
come ms,.o aC surh every day occurrence,
Ihs, II ls t,ffirul 10 keep up IN chroncIing
ihesr events There are some circumstances,
hoeever, connected with the bursting of the
Granville bank, that require more than cur"
sory notice. The frs, intelligence which was
received n this vicinity, Of the failure Of this
bank. was through letter received from the
cashier of The bank. by Mr.. J. S. Atwood, who
keeps brokers' Office and shinplaser shop,
n this city, and which reads as follows:
BANK OF GRANVILLE,
3lst Jan. 1912.
"Desr St:-ln consequence OF the unceas-
ing run upon iho InsiitCiOn, (baviDg redeem
ed about Sl30,000 Of It's issues, within the
last thirty days,) its cash asse,s being exhaust.
cd, except an amount just sufficient 20 pay the
sums due depositors, the Board of Drec-
tors, 10 session this day have determined 10
60 into liquidation.
Yonr obetisnt eervant,
A. J. SMITH, Ca.hier.
J s. ATWOOD, ESQ,
ChiIhcothe, Ohio.
This letter, it will be seen, is dated on Mon
day morning last, the 3lst of January, and
bears tha mark of LURAY, o., village eight
or ten miles from Granville, and was received
by Mr.. Atwood, on the evening Of the same
day on which lhe letter is dated.
We are informed that immense quantities
of this paper have been put in circulation in
this county, from this shaving shop, within
The lac, few weeks, and up to the receiving the
news of it's failure; we scarcely hear of any
one in this vicinity, but who has more or less
of The paper OF this swindng bank on hand.
The noles, too, which we're set affoat, were
as clears and unsoiNed as young lsdy's cam
brio hsudkerchiet. just come from the wash>
woman. Yet a large portion of these same
fresh s,arched and ubsoiled notes, we're dated
January, 1889, in order 10 conceal the fact
that they we're made for The purpose Of sw,n>
ding the people in 1912.
Mr.. Atwood denies, in his card, which we
publish as an advertisement in another part of
This paper, that he has lever acted as an a,
gent of The bank, or paid one dollar of the
| paper, except what came into his hands thro'
lhe regular buniness channels
| 1t may perhaps, have been the special busi-
ness of one.of his clerks, TO pay out the newly
starched notes, and in this way he may satiss
fy his conscience Of his own personal exemp-
ton from the act. But he does not inform US
how many packages Of new notes he brought
here, on his return from a visit 10 the Gran
vile Bank few weeks since. If he was mol
the agent Of the bank and in lie particular CON
fideDce, how happens it that lhe cashier con-
trived TO send him information of the stoppsge
of the bank, before it had taken place, ant
before il vas known in The immediate neigh.
borhOod. A gentleman who left Newark
which is within six nj lies Of Granville, at ele
ven O'Clock, on Monday last, heard nothing O
the explosion. Another gentleman who LEI
CWcleve at o'clock in the afternoon O
Tuesday, heard no whisper ofthe kind, in the
place: Eye, il sppenrs that the honest direc
tors and officers Of the bank, instead Of bein
at there devotons, met on the Sabbath day, i
secret ConcIave, and despatched inteIlgenc
TO their special friends, Of their intention 10 re
fuse paying thoir notes on the following day
although it seems they intended to pay SON
favofiie dep0sitors. That lhls business WI
attended to, either on Sunday, or previous
that time, ls evident, from the fact that Il
= Mail leaves Luray before daylight in II
I morning, where The letter was mailed in tin
TO leave that place en- Monday. So adroit
wes This bueness managed. that they wou
cot risk putting Mr.. AlWood's letter in Il
II Granville Post Office; bul it was despatch
X, to emarl village pos, Office, eight or ten mil
d distant, 1t is very difficult to imagine III
o there was no design in all those movemeu
o and TO dvest the mind of the idea that the pr
n prie,or of the shaving shop in this city,
IN not a strong pscunary interest in the matt
Up to the time-of writing this Thursday
10 teruoou) we have obtained no other inIe
c. gence Of the failure Of the bank, exc
ls through the medium of Mr.. A,wood's letI
i although the daily Ohio Statesman Of Mon'
al and Tuesday evenings, and other exchal
in papers in that vicinity have come to hand.
e. But there is portion of Mr.. A,woOd's P
ts iiehed card that cannot be 100 severely rep
al baled He tails us, the Granville bank has