ec0d8e14Full suspension, Books examined
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MARCELINE BANK IS CLOSED. Board of Directors Acts in Mis souri Failure. MARCELINE Mo. Nov First National Bank of Marceline was closed today by order of the board of directors who notified the United States bank examiner at St. Louis of their action. W. G. Lancaster president, said the directors issued no statement, but he ascribed their action run on the bank the last three weeks. He said the bank. established 1887. had assets totaling $275,000. T. Lancaster cashier.
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Board of Education Sends Its Greetings to Globe-Democrat Adopts Congratulatory Resolution on A. S. Werremeyer's Motion. On the motion of Arthur S. Wermember, the Board of remeyer. Education at its recent meeting Tuesday night adopted resolution the Louis Globeon occasion of this its new of the resolution officials and going into before been officially with conThe resolution adopted by unanimous vote and the author, was authorized to sign it in behalf of the Charles Roe, of the was directed the olution of the board's action to Lansing Ray president of the paper. The text of the Louis Mr. E. Lansing Dear Mr. E. Lansing Ray-A metropolitan is genuine to community. the daily press is medium of the influence of which is of the crat just its new and magnificent building, feel that word of commendation and in progress, which should emanate from the inspiration of this move fields of endeavor in behalf of city, state and nation than to the end that of the great problems confront nation will redound to the mutual benefit of assure appreciation of your interest in public eduas manifested by the liberal contribution of space in your esteemed paper. "Our sincere and best wishes for your success is hereby extended. very truly BOARD OF Marceline Bank Closes. By Associated MO., November 12. The First National Bank of Marceline was closed today the Board of Directors. W. G. Lancasthere had been the past He placed the assets about $275,000. Gilbert William Eugene Howard Henby Ashby Jones Johansen, Mrs. Eleanor Mrs Warren maker Norman
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MARCELINE BANK CLOSED. The First National Bank of Marceline was closed November 12 by Board of Directors. The president, Lancaster, made the statement that there has been slow run on the bank during the past three weeks. The assets were about $275,000.
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NAMED BANK RECEIVER of this city, who Eylenburg of the First Brunswick in charge has National Bank there as receiver of the First been appointed Marceline which National Bank at closed received notice of his Eylenburg while Brunswick appointment left at once for Marceline day and of the bank. charge
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THE ARGUMENTS FOR AND AGAINST PREFERRED PAYMENT. A Large Number of Citizens at Monday Night's MeetingStatement by Delmar Dail The city's claim against the First National Bank here discussed Monday night at the hall by citizens of Marceline. Whether the city should make ery effort possible to obtain ferred claim on its was point discussed. More than 100 citizens met with the city officials for an open cussion of the matter. Delmar Dail, city attorney, read detailed statement which he had prepared for The News and which outlined the city's position in the case. This statement is published in full in this edition of The News. Speakng upon behalf of the other depositors of the bank were Holmes, Botkins, Roscoe Carter, Steve Landreth, Howard Lillingston, B. R. Olin, John Dieterich, Kendrick, Dr. Ola man, and several other citizens of Marceline. Mr. Dail explained that at the time of the closing of the bank here the city had on deposit in that bank little more than Mr. Dail, as city attorney, has filed with the comptroller of currency petition for preferred claim this meaning that the city asking for 100 cents on the lar from its deposit in the First National Bank. Mr. Dail explained further that no legal action of any kind had been taken against the bank reply had been received from the comptroller of currency regarding the status of the city's claim. An ordinance was passed several weeks providing for the employment of Jack Jones, Carrollton lawyer, should the city decide to file suit for preferred claim. Mr. Holmes pointed out that the "blue print" posters which had been displayed about town were itors of the First National and not to the citizens in general. Mr. Holmes believed that the should take its chances along with the other depositors of the bank. He added that there should have been sufficient precedents established to show whether or not the city really had preferred claim on its deposit. Mr. Dail then read statement from the comptroller of currency outlining what constituted preferred claim. It was brought out by Mr. Dail that should suit be filed by the city the funds of the bank would not necessarily be tied up, that any and all dividends could be paid soon as sufficient money had been collected by the bank's receiver. In answer to question by Botkin as to why the city's deposit in the First Natonal Bank was not bonded, Mr. Dail replied that pository bond could not be obtained, not only on the bank here but on other banks in this section of the state. Mr. Holmes then said that regardless of who won, the city the other depositors of the bank, that the depositors themselves would have to pay all costs of the Htigation. Mr. Dail replied that suit were filed and carried through by the Carrollton lawyer that the attorney would receive cent of the claim, or per the suit was won but would not receive cent the city lost the suit. Steve Landreth said the city's dollars were not worth any more than the dollars of the other depositors and that the suit were taken through the federal courts there would be delay of two or three years. Mr. Dail replied that most of the city officials were positors in the First National Bank and that there was no assurance the present time that there would be any suit filed. Howard Lillingston pointed out that by permitting the bank's funds to be distributed soon the funds were available and by not tieing up the funds by litigation, depositors then could start off their bills and business paying in the community would be vived. In answer to question by Botkin as to why the money was in the First National deposited Thomas replied that Bank, Mayor had existed for sevan agreement whereby the First eral years tional was to receive the funds and the Marcelof city Bank of the ine State city funds. little humor was injected into (Continued on
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CHARITY HERE IS DEPLETED Some Money Must Be Contributed Are Suffering The Provident Association must have The need is urgent. money. Many calls are coming from serving for fuel, food and persons clothing. The funds of the Provident Association are exhausted. In some instances persons had pledged money or provisions the care of the city's unfortunates but have neglected to this pledge. In many instances checks on the First Natgave ional Bank which closed before these checks were deposited. The Provident Association appeals to these persons to make these checks good soon as possible. The cold wave which has held the country in its grip for several days causing real suffering. An unusually warm winter has made possible for the Provident Assoto do its work with the minimum of money but warm food, and fuel must plied now if suffering is to be lieved. Persons who have not contributto get in touch with are urged J. Thomas at once. Perhaps there are those who have given because the need great, will who, feel that they can give more. Whether you can give much or tle be prompt with what you give. The need is now.
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National Bank Here. Spellman and Loomia, both of Washington, and aminers of national bank receivers, were here Tuesday checking over the records of the First NationBank. This an made regularly of closed national banks by government officials. The government makes regular inations of these banks as the state finance department does of closed state
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NEW NATIONAL E. TODD SUCCEEDS WILLIAM A. EYLENBURG. Change, Due to New Democratic Administration, is Effective This Week. Todd of Nevada, Mo., has succeeded William A. Eylenburg of Chillicothe as the receiver for the First National Bank here. Mr. Todd formerly was associated with the Farm & Home Savings Loan Association at Nevada. He will have charge of five other banks those of Brookfield, Brunswick, Ludlow, Chillicothe and Sweet Springs. The Chillicothe and Sweet Springs banks have been in charge of Ira Walb while Mr. Eylenburg has been receiver for the bank here and those at Brookfield, Brunswick and Ludlow. Mr. Todd began his work this week and will be at Marceline about one day week. Mr. Eyleburg has been in charge of the bank here since it closed in 1931. He has paid two November, dividends to the depositors, the 22 in May, 1932, and first, per cent, the cent, last month. second, per Before his appointment as national bank receiver, Mr. Eylenburg business in was in many years Chillicothe. This of the last points was one the state held by Republican In nearly all other ceivers. tions Democratic appointees alhad replaced the Republiready who were appointed during cans the Hoover administration.
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NAMED BANK RECEIVER Chillicothe Man in Charge of Six. (UP) S. A. Browning of Chillicothe Friday assumed his new duties as receiver for six national banks in this area following his appointment by F. G. Awalt, acting comptroller of the currency He succeeds E. B Todd of Nevada in supervision of the First National bank of Chillicothe, First National bank of Ludlow. First National bank of Brookfield, First National bank of Marceline. First National bank of Brunswick and the First National bank of Sweet Springs Browning mailed his resignation as Livingston county representative in the state legislature to Governor Park. He said his resignation as receiver for four'state banks would not be forwarded until completion of dividend disbursements at state banks in Chillicothe, Wheeling. Breckinridge and Sampsel. His successor as receiver of the state banks will be named by Q. H. Moberly, state finance commissioner.
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NEW BANK RECEIVER NAMED S A. Browning, of Chillicothe, to Take Over Federal Institutions CHILLICOTHE July 21 A. Browning, of Chillicothe, yesterday assumed his new duties as receiver for six National Banks in this area following his appointment by F. G. Awalt, acting comptroller of the currency. He succeeds E. B. Todd of Nevada, in supervision of the First National Bank of Chillicothe, First National Bank of Ludlow, First National Bank of Brookfield; First National Bank of Marceline, First National Bank of Brunswick, and the First National Bank of Sweet Springs. Browning immediately mailed his resignation as Livingston County representatve in the State Legislature to Gov. Guy B. Park, He said his resignation as receiver for four state banks would not be forwarded until completion of dividend disbursements at state banks in Chillicothe, Wheeling, Breckenridge and Sampsel. His successor as receiver of the state bank will be named by O. H. Moberly, state finance commissioner. the Potashnick truck service operating from southwest Missouri, finding the concern guilty of "deliberately and intentionally. defrauding the state out of fees that should have been paid for the purpose of maintaining the highways of the state." The commission said the truck line's scheme "consisted simply of giving to the truck drivers travel orders which would show authority to operate that particular truck for number of days, while the duplicate travel order which was to be sent to the commission (and was the only means the commission had to determine the amount of fees owned) showed much less amount than was actually due." J. Caskie Collet, commission chairman, said investigation showed that the Potashnick company had failed to pay "between $800 and $900 due the state" in extra carrier fees.
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NEW RECEIVER AT NATIONAL BANK HERE S. A. Browning, Chillicothe, Succeeds E. B. State Representative. Browning of Chillicothe has been appointed receiver for the First National Bank here and five other national banks in this territory. Mr. Browning succeeds Todd of Nevada, who was appointed several months ago. Besides the bank here, Mr. Browning will have charge of the closed First National Banks at Chillicothe, Brookfield, Ludlow, Brunswick and Sweet Springs. The six banks have total souces of about million dollars and between 5,000 and 6,000 depositors. Mr. Browning has been resentative in the state legislature from Livingston County. Before his as a national appointment bank receiver, he was the receiver for four state banks.