Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1905-10-10
PEORIA BANK is
FORCED TO Close
FEARING DISASTROUS RUN, d.
REcToRs SUSPEND ALL
BUSINESS.
AFTER-EFFEcT OF
DOUGHERTY EXPOSE
Comptroller of Currency at Washing
ton Gets News and Receiver Is
Appointed - Another Institution
Suffers Small Run.

washington, OCT. 9.-Ihe comp
tEeller of the currency has received a
telegram announcing that the Peoria
national bank of Peoria, ILL.,, has
closed Its doors upon the order of its
directors. National Bank Examiner
G. H. Bosworth has been appointed
receiver. The following is state
ment of the resources and liabilities
of the bank at the date of its last
report of condition, August rs, 1905:
Resources: Loans and discounts,
$S59,229; United States bonds, $780,
I'll; bonds, securities, ETC., $24,627;
banking house and other real estate,
$7S,045; due from banks and bank
ers, $222,111; cash and cash items,
$95,645; redemption fund, $4,000.
Total, s1,S06,370. Liabilities: Capital
stock, $2O0,0O0; surplus and undivid-
ed profits, $51,529; circulation, $780,
900; due to banks and bankers, $780,
1876; deposits, $1,159,4O4; notes and
bills rediscounted, 100000. Total, ST.
806,370.
Directors Take Action.
Peoria, ILL.,, Oct. 9.-As a direct re-
suit of the indictment of N. c. Dough
erty for forgery, the directors of the
Peoria national bank, of which he was
president, announced shortly after mid
night that they had decided to dis
continue business and would call in
the comptroller of the currency to wind
up the affairs of the institution. The
meeting of the directors lasted all the
evening behind closed doors. 1t was
admitted that q disastrous run would
be inevitable here and the only re
course was to iquidate at once. The
loan Of 100000 by the Peoria clearing
house was tied up in such wise thai
1T could not be accepted. 1t was
learned that quiet Withdrawals from
the bank had been going on all day
most of the calls coming from banks
in neighboring towns. The bank was
capitalized at 100000.
Other Banks Make Offers.
I'VE had several offers from banks
who wished to take over our business
but our directors, after carefully con
sidering the matter, decided that the
best thing to do would be to liquidate
under the law. Every depositor viii
be paid in full and I am confident thai
the stockholders will receive gooG
return"
This is the statement of S. o
Spring, cashier Of the Peoria nationa
bank, which closed its doors as thu
result of the Dougherty investigation
Depositors Clamor in Vain.
Early Saturday large numbers Of
depositors appeared at the bank, bu'
the doors were closed and it was an
nounced that they would not be
opened again until a receiver hat
been appointed by the comptroller.
The Dime savings bank, in which
Dougherty is large stakeholder, ex
perienced small run Saturday, bu
paid all depositors as they asked fo
k1eir money. The officers announced
that they have plenty of funds to NEE
Bill inquirers.
Dougherty's Statement.
Mr., Dougherty said: Il don't know
what more l can say than what has al
ready appeared" he replied. Il see b.
The papers that ] am crazy (smilingly
and am broken down. did not know i
myself"
1.-The putting up of securities is con
strued as a confession by most people
Mr.. Dougherty," was suggested.
All have to say in that regard i
simply this: In Dntting the securities
have in Mr.. Bailey's hands, it was no
for the purpose of extenuapag any
thing, but simply that believe thing
will be shown to be right, and that tn
amount thus deposited is much NOR
than anyone claims the shortage TO be
ut has no reference whatever to guilt o
Innocence. and it was farthest from m.
idea in SO doing that was in any wa.
putting myself or sayOne else in a com
promising position. 1t dogs mean, how
ever, that neither the school baaEd no
the Peoria national bank will lose on
penny"
Tragedy in Wisconsin.
Sparta, Wis, Oct. Ga man whos,
name Is Labelle came here from L;
o1roSSa a+f shot his wife thar cn;1fl