3ada90a2Full suspension
Other: Reorganization committee/petition circulating to keep deposits and reopen
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THREE BANKS CLOSE ST. LOUIS, Jan. outlying banks were closed today in rapid following the closing three within period of eight days. The banks were the University City Bank Trust Co., the Park Savings and Trust Co., of Richmond Heights and the Savigns Trust Company of St. Louis. The largest was the Savings Trust with total resources of $3,013,933, according to the last
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MORE ST. LOUIS BANKS CLOSE. Heavy Withdrawals Force Action by Two Depositories. ST. LOUIS, Jan 13.-Two St Louis banks closed their doors this morning. The closing actions followed the shutting down of six other banks in St. Louis and suburbs in the last ten days. The two institutions which closed today were the St Louis National Bank and the West St. Louis Trust Company. notice on the door of the West St. Louis Trust Company stated that "due to heavy withdrawals the directors deem it advisable to close this bank temporarily in order to protect and safeguard the interests of deposiThe Savings Trust Company of St Louis. whose statement September 10 showed total deposits of $1,714,389 closed yesterday. Officers of the Savings Trust Company said it had been closed to protect depositors, and "that an unprecedented run on the bank caused by the closing of several banks in the adjacent territory was the cause of heavy withdrawals. Helen Twelvetrees to Resume Her Role as an Actress. Miss Twelvetrees, who gave up her screen contract when her son was born two months ago. said long-term yesterday had signed a new agreement she to play in films. In private life Miss Twelvetrees is the wife Frank Woody.
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Committee Is Circulating Petition to Get Pledges From Depositors. FRIDAY, JANUARY 27, 1933 ST.LOUIS POST-DISPATCH, PAGE 12A residuary estate, of undetermined BULK OF ELISABETH MARBURY PAROLED FOR 50 YEARS value; Miss Marbury's home at 13 SEEKS TO REORGANIZE Sutton place, together with its conKILLED BY TRAIN ESTATE LEFT TO LADY MENDL TO WIFE WHOM HE SHOT tents, and a contingent interest in Will of Play Broker Filed, but her summer home at Mount VerMerrill Asher, Cooter, Mo., Must Value of Her Property Is Not non, Me. She also will receive SAVINGS TRUST CO. Support Family and Obey Law Determined. $25,000 on the death of Alice Kusor Go to Prison. By the Associated Press. wetter, a servant, who receives a NEW YORK, Jan. 27.-Elsie de life income from that amount. Special to the Post-Dispatch. NEW MADRID, Mo., Jan. 27.- Wolfe Mendl of Paris, wife of Sir In omitting charity bequests, Miss Charles Mendl, is the principal benMerrill Asher, 32 years old, farm Marbury said in her will that "I eficiary under the will of her employe of Cooter, who Dec. 4, last, friend, Elisabeth Marbury, which have constantly contributed to them shot and seriously wounded his was filed for probate yesterday. during my life." She expressed wife, Grace, in a quarrel at the Miss Marbury, political strategist wish that her friends, Anne Morand play broker, died Sunday, in gan and Anne Vanderbilt, be perhome of Mr. and Mrs. Jess Vincent A committee representing deher seventy-seventh year. mitted to use her farm in Maine as of New Madrid, has found the first positors in the Savings Trust Co., Lady Mendl receives the entire week of his being "a good boy" a home for working women. 4915 Delmar boulevard, which was closed Jan. 12 following heavy withdrawal of deposits, declared last night in favor of reorganiation and reopening of the bank. About 75 depositors of the bank, besides members of the committee, attending the meeting at the Washington Hotel. Some of this group also spoke in favor of reorganization and there was no objection to the proposal. Savings Trust had capital, surplus and undivided profits of $287,821 and deposits of $1,714,390, as shown by a statement of Dec. 10. Total resources were given as $3,013,938, including $1,429,567 loans on real estate security and $555,583 loans on personal and collateral security. In the discussion of reorganization last night it was pointed out that time would be required to realize on the real estate loans, and that new capital would be required in the bank, which has been controlled by John J. Dowling, president. A petition, calling for reorganization and agreeing to leave deposits in the bank for a time, is being circulated among depositors by Sam Ritzer, motion picture theater operator, 445 De Baliviere avenue, a member of the committee. Ritzer said last night he had obtained more than 100 signatures and estimated that they represent deposits of $35,000. It is hoped to get several hundred signatures, representing large volume of depositors. The committee is an executive group of the Savings Trust Depositors' League, elected at mass meeting at Soldan High School Monday night as a result of complaints by parents of school children who have $85,000 of school savings in Savings Trust. None of the directors responded to a call at the meeting A. E. Moore, secretary of the bank, was present Adolph Weinstein, 4638 Lewis place, chairman of the Savings Trust Depositors' League, who was elected chairman of the committee, presented anonymous letters of complaint about the bank, which the committee disregarded. A subcommittee was chosen to discuss the school savings situation with Board of Education officials These deposits have the same status as other deposits. Mrs. Louis Gershenson, 4575 Easton avenue, was made secretary of the committee and Miss Leah Rubinstein, dress shop proprietor, treasurer. very successful. Asher must provide for his wife and daughter, must live within the law and must conduct himself properly for 50 years-otherwise he will be incarcerated in the Missouri penitentiary for that length of time. Asher became enraged when Mrs. Asher refused to return to his home after leaving him over a quarrel. He went to the Vincent home, later left and returned again with a shotgun. He fired at his wife. The charge tore away her left hand. Amputation of the rm was necessary, doctors said. The couple has been married for 12 years. When Asher was taken before the Circuit Court at New Madrid, the Judge assessed his punishment at 50 years' imprisonment, but paroled him to his wife upon his good behavior.