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BANK OF PALMYRA CLOSED BY ITS DIRECTORS
Continued from page 1 can realize on the paper the less expensive it will be to the depositors. He said he did not care to express an opinion as to what loss the stockholders would sustain. The Bank Directors Following are the officers and directors of the Bank: A. L. Graves, Marcus R. Bourne, Frank Hansbrough, E. G. Schnitzer, W. H. Potter, A. C. Bross, F. B. McClintic, Walter Summers, Emil Nill, A. L. Graves is President; W. H. Potter, Vice-President; H. J. Baker, Cashier; Rayford West, Assistant-Cashier. Receiver Will Be Appointed The State Finance Commissioner, S. L. Cantley, will appoint a receiver for the Bank within the course of the next ten days. State Bank Examiner W. A. Chapman, returned to Palmyra yesterday and is now engaged in taking an inventory of the Bank's liabilities and assets. When he has finished this the Bank's doors will be opened in order that renters of safety deposit boxes may have access to them. No busniess, of course, will be transacted over the counter. Very Little Excitement Surprisingly little excitement was manifested over the closing of the Bank. On account of the weekly Community Sale Monday there was a large crowd in the city, and while the Bank suspension was, of course, widely discussed, there was at no time any gathering about the Bank building.. The First Savings Bank, one of the strongest financial institutions in this section of the State, was at the service of the people and handled increased business in a very prompt and efficient manner. At the end of the day the Bank had taken in more than a thousand dollars more than had been paid out and a number of people who were temporarily out of funds by reason of the closing of the other Bank were accommodated with loans. Bank Opened in 1905 The Bank of Palmyra was opened for business in the building built for it. and now occupied by E. E. Gardhouse, January 10, 1905, with a capital stock of $20,000, which was later increased to $50,000. Jas. G. Stillions was President; W. F. Howell, VicePresident: Dr. M. L. Wood Cashier. The directors were Jas. G. Stillions, M. L. Wood, L. H. Sharp, W. F. Howell, Pike Moore, S. D. White, J. B. Leggett, Enoch Hansbrough. In 1916 Dr. Wood retired as Cashier and H. J. Smith was elected, serving until May, 1929 when he was replaced with H. J. Baker. The present Bank building a very handsome edifice, was erected in 1923. List of Stockholders The following is the list of stockholders as printed in the Spectator in its issue of February 6, 1929. There have been some few changes in that time: W. B. Arnold 10. Jacob G. Berghofer 10, A. C. Bross 10, J. G. Bross 4, H. J. Baker 3, J. T. Brown 1, M. R. Bourne 12, Roger Bourne 1, Mrs. M. R. Bourne 1, J. S. Berghofer 5, Val Bernhard 2, J. W. Christian 20, Harry L. Carson 1, Mrs. Maggie Cox 4, Jno. C. Drescher 5, Henry C. L. Drebes 10, Mary K. Englehart 2. Geo. F. Ferguson 5, Wm. Freidank 2, Artie L. Graves 23, Geo. B. Geer 5, Mrs. W. M. Glascock 2. Thos. Glendinning 2. Mrs. Elizabeth Happel 2. Enoch Hansbrough 40, Frank Hansbrough 5; John Herren 1, Hickerson Bros. 2, Mrs. Harold F. Harris 5, S. I. Hirner 4, W. F. Howell 21, W. J. Kaden 5, Henry J. Kroeger 1, Ernest Kruse 2. Fred C. Lehenbauer 1. Geo. H. Lehenbauer 1, Jno. Lehenbauer 2, M. C. Lehenbauer 4, W, M. Masterson 2. F. B. McClintic 5, W. E. Culloch 2, Walter McFadden 2. Roy McFarland 5 Fritz Mette 3, Lucy H. Moore 2. Conrad Nill 1, W. L. Owsley 2, John Peiter 2, Geo. H. Peiter 1, Henry Peiter 1, Wm. H. Potter 6, Mrs. Margaret Potter 2, Rufus Pulliam 8, Louis, Quest 5, John L. Richards 5, Dora B. Rose 2, Henry C. Schaeffer 2, J. F. W. Schaeffer 17, Albert Schluckebier 1, Mrs. Emma Schluckebier 2. Fred Schluckebier 1, Howard J. Smith 27, Lutie R. Smith 17, Ed. G. Schnitzer 6, E. L Snyder 8, Frank H. Sosey John M. Sosey 10, J. Henry Sterkle 11, Julius E. Stuhlman 10, Wm. T. Suitt 5, Walter Summers 7, E. N. Swisher 2, Mrs. Belle M. Threlkeld 2. Walter Todd 10, J. J. Voepel 1, John H. Vogt 5, Elizabeth Vogt 3, Edna Way 20, Cornelia Weidhaas 3, P. B. & Sallie P. West 2, James Whiston 1, Maria White Barnett 1, S. D. White 13, Mrs. Rose Young 6, Mrs. Ruth E. Young 10. The above list of stockholders was published in the Spectator Febuary 6, 1929 and as stated above some changes have been made in it. A new list is not available at the present time. At the Community Sale August 18 three shares were offered for sale. Henry Sterkel bought one at $50 and Wm. Cary two for $26.50 each. The 27 shares of H. J. Smith were transferred to the Bank and were later sold by the Bank to various people. R is understood they brought par
NEW MARION COUNTY FAIR OPENED TODAY
Continued from page 1 of fifteen pieces and a soloist to give a program during the evening. At six o'clock a plate supper will be served as on the previous evening.
Much live Stock Present While it has been impossible to make a complete check on the live stock at the Fair it is apparent that there is a much larger amount than usual and that it is of a fine quality. Between one hundred and twenty-five and one hundred and fifty head of horses' and mules are entered and more than one hundred head of dairy cattle will be exhibited. There are also a large number of entries in the beef cattle classes and there is a good showing of hogs and sheep. Auto Show And Display Tent The auto show and merchants display tent, located in the rear of the ampitheatre, is well worth seeing. It is especially attractive and there are numerous display? and exhibits of the highest class. The tent was arranged and decorated by E. Fernandez, of the Globe Decorating Company, of Quincy, who also decorated the grounds and buildings and placed the bunting on Main street. Halls Are Well Filled Both the Floral and Agriculture halls. are well filled and have fine exhibits. A large amount of fine fancy work is on exhibition in the Floral hall. which is well worth
Financial Statement There are no figures obtainable at present as to the Bank's financial condition but it is understood that in round figures there are due depositors $207,000. Below will be found statements as to loans, deposits and cash in May, 1929 and April 23, 1930, when the last statement was published: May 6, 1929. Loans $353,271.00 Cash and due from Banks and Bankers 65,248.02 Deposits 448,097.96 Total Resources 511,508.09
April 23, 1930. Loans $278,460.73 Cash and due from Banks and Bankers 21,277.14 Deposits 267,019.81 Total Resources 355,637.29 good exhibits in spite of the drouth this season. The entire west end of the hall is devoted to the Marion County exhibit, which won third place at the State Fair at Sedalia last week. This exhibit was erected here at considerable expense and is well worth seeing. There is a good poultry show between the two buildings and many fine birds are being exhibited in the pens. Good Program To Come The programs for the remaining three days of the Fair are especially good and will be greatly enjoyed. Thursday various classes of livestock will be judged and there will be pacing, trotting and running races. The draft horse pulling contest will also take place on this afternoon. There are also free acts, music and other features on the program. At night a horse show and fireworks will be given, in addition to the free acts and band program. Friday the stock rings will be continued and races and other attractions will be given in the ring. At night there will be a horse show and boxing contest in addition to the regular program. Saturday is Marion County Day and will be one of the largest of the Fair. The champions in livestock will be judged, there will be various show rings and free attractions and at night fireworks will again be given in addition to the regular program. About The Free Attractions Lack of space prevents us from going into long detail about the free attractions, which are especially good this year. This. association was particularly fortune in securing. at a high figure, the services of five Radio-Kieth-Orpheum big circus free acts. which are unusually good. An excellent 32-piece band will make music during the Fair, both day and night. The boxing exhibitions on Friday night will be of the highest class and the Fireworks to be shown on Thursday and Saturday night will be
Emmett Doolin. a well known colored man of this city, died suddenly at his home Sunday night about eleven o'clock. Doolin had apparently been in good health during the day Sunday and in the evening some friends spent several hours at the house. After retiring his wife heard him breathing very heavily and tried to arouse him, but was unable to do so. A physician was called but the man was dead before he arrived. Coronor James O'Donnel was called but deemed that an inquest was not necessary. Doolin was about thirty-five years of age and was employed by the firm of Yeager Bros. & Schaffer.
