Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1891-10-02
PUBLISHED DAILY AND TRI-wEEKLY
1t the Gazette Bsld e., $40 & Sl2 Prince st..
Exciting Scenes About a Bank.

The excitement at Ojee,b 10, Ia, con-
cerniag she Firat National Bank failure was
Intenai6sd Wednesday night when the con.
ditIon of shings at Houizdale wss learned.
The Kouszise Bapk Ia private concern,
which was tought by Dill last spring, Be-
fore he purchased it the people wets dis
trustful, as tho foimer COMPANY had been
doing looee business, having lost S40,O 600
shrough the defalcstion OF Teller William
Hamilton. who Is now IL the tenltentiary.
when Dill took change be plaosc John
McGrsth, joslice OF the peace, il whom
the whole community had the ntaoss conf
deuce, lu charge es cashisr. Tnis at once
stipulsted business, srd or tie 1ts6 day
over So 900 was received in deposise, mostly
coming from poor mlDers. At that time the
deposits Gid not reach 100000, bat Though
McGreth's we'll known iategrliy and popu-
larlty they grew until Wednesday morning
they resched 5000, 900.
Upon opening tea bank "Wednesday Nc
Grsth had cccsslon to telephone the First
National Bank concerning check, and was
astounded 10 lea:n that it had c!oeed. He
at once closed his bank, cut had already re-
ceived ssvsrsl deposits. The word spresd
rapidly, and, before long, several hundred
depcstors we're on the Streets. The igncr-
ant Hurs aud Slave, Of whom there are
many, who h&ve deposits running rom 500
to $4,000, grew frantic when they learned
tbat their mt ney Tss In danger.
The larger depositors at once sought Cash
ler MCGfath. and be informed them tEet al
though the deposIle reach 5000. GOO, lesa than
500, ,00o, paper end currency, was In the
bank when IL closed. He said that Preei-
\ Aa& mi r frF he
money, giving as his gseson that the Ho1!z-
dale vault was not secure, and that he would
put it In the C!esr6eld ysult. When IL be-
came known that they we're likely to get
less than 80 cents on the dollar. the deposit
oEs grew Wild.
Mr.. Dill had been catering &c she mining
class In many and various ways for ths past
dVe years. Ia 1886 he gave O miners pic
uIo, bringing over TWO thousend msD, Wom-
en- and children from Hou'zdale to CLEAR
Geld, and entertaining them in the large
park there In handsome manner. This
End many other so'' caused them to look
uecn hin BE sort Of pni!authropiss, and
DoR they charge him With planning this
scheme for years.
delegation OF Hou.zdale depos!tnrs
reached Ceatfeld Wednesday night and
ssw Dill, but he gave no satisfaction except
to asy that if they would stand by him they
would come out ell right. They asked him
to make an assignment of the HonlZdsle
Bank. to them or appoint receiver. Many
of them talk Of instltuting criminal proceed
ipga, but this Is not likely jast low. It is
said that Dill has been borrowing right aud
left. Only few days ago his father-in-law.
Jonathan Boynton. advanced $20. 900 to him
on the representation that 1t would fix
everything up and pus the bank on its feet.
Bank Examiner Miller arrived Wednes-
day morning and has charge of the bank
He has nothing 10 say for publication, but
the people OF O!esrfeld think the depesltors
OF the First National WILL get their money.