664009e4Borrowed from banks or large institutions, Full suspension, Books examined
Other: Receiver later obtained RFC loan to pay dividends; directors closed bank and asked an assistant national bank examiner to take charge.
Click image to open full size in new tab
St. Louis Bank Closed. ST. LOUIS, January 4 (AP).-The Vandeventer National Bank of St. Louis, with capital stock of $250,000 and deposits of approximately $1,250,000, was ordered closed by its board of directors early today and an assistant national bank examiner was asked to take charge. There has been a slow run on the bank for several weeks, the directors said. W. C. Johnson president of the institution. 00
Click image to open full size in new tab
CLOSED BY DIRECTORS ST LOUIS. Jan. Vandeventer National Bank Louis, with capital stock deposits approximately 250.000, closed by its board directors today and assistant bank examinasked take charge. There been slow the bank for several weeks, the rector said. is president of the institution. MO., Jan. Bank of assets and Farmers' Bank Odessa, yesterday. The Bank Bates City near merged the Bank Odessa
Click image to open full size in new tab
Vandeventer National Bank in St. Louis Closed ST. Jan. Vandeventer National Bank of Louis with capital stock of $250,000 and deposits of approximately was ordered closed its board directors today early and an assistant national bank examiner asked to take charge. There had been slow the bank several weeks, the directors said.
Click image to open full size in new tab
ST. LOUIS BANK QUITS. Vandeventer National Closed by Stockholders Following Run. ST. LOUIS Jan Vandeventer National Bank of St. Louis, with capital stock $250,000, and deposits of approximately $1,250,000, closed by its board of directors today and an assistant national bank examasked to take charge. There had been slow run on the bank for several weeks, the diW. C. Johnson is president of the institution.
Click image to open full size in new tab
St. Louis Bank Closed. LOUIS January of Vandeventer 000 and deposits by its board of diwas ordered closed early today and an rectors national was asked to take been run the There for several the directors C. Johnson president of the institution.
Click image to open full size in new tab
Run Causes Closing Of Bank In St. Louis 19c ST. LOUIS. Jan. (AP)-The Vandeventer National Bank of St. Louis. with capital stock of $250,000 and deposits of approximately $1.250,000, was ordered closed by its board of directors early today and an assistant bank examIner was asked to take charge. There had been a slow run on the bank for several weeks, the diBlvd. rectors said.
Click image to open full size in new tab
BANK CLOSED ST. LOUIS, Jan. Vandeventer National bank of St. Louis, capital stock of $250,000 and deposits of approximately was closed by its board of today and an assistant national bank was asked take charge. There had been run on the bank for several weeks, the directors
Click image to open full size in new tab
had been a slow run on the bank for several weeks, the directors said. PROBE SLAYING OF CHILDREN BY JEALOUS NURSE Hangs Two Little Boys and Herself in Home of Employers While They Are Away. CHICAGO, Jan. 4. (P)-Authorities today sought the reasons why Mary Roth, 23, a nursemaid, hanged her two small charges and herself in the John H. Heindel home in the fashionable suburban River Forest. The blonde domestic, who cared for the children with devotion which sometimes, the children's parents, said, bordered upon jealous insanity, suspended 9-months-old George by the neck to the side of his crib. The elder brother. John B. Heindel, 4, was found hanged with a short piece of rope in the doorway. Miss Roth hanged herself in closet of the basement. Mr. and Mrs. Heindel, who were attending a bridge party Saturday night, found the bodies after police helped them break into the barred and locked home. They called the officers when failing to aruse anyone to let them in, they detected an odor of gas at the kitchen window. Bursting in they found gas escaping from the kitchen range. Bed sheets had been hung about to arrest drafts. Their frantic search for the children ended at the nursery door Police said they believed the nursemaid carried the sleeping children into the gas-filled kitchen where she left them until they were stupified or dead. Then she tied up the motionless little bodies. The grief-stricken parents were at a loss to account for the tragedy. Miss Roth. they said, loved the children with such intensity that she refused to leave them during their waking hours. She even slept in an adjoining room. Upon occasions she appeared jealous when the mother fondled the children. During the past several days, Heindel said, she had seemed depressed, but inasmuch as she refused to confide her troubles he assumed they were personal affairs. Mrs. Heindel said the girl explained that she came from Georgia The girl made several telephone calls during the past few days, and even had visitor shortly before the tragedy. but police could not run these clues down. Possibility that the fourth person killed the children and the nurse was precluded, police said, by the fact that the house was securely locked from the inside. Heindel is secretary of a construction company. ST. LOUIS BANK QUITS ST. LOUIS, Jan. 4-(P)-The Vandeventer National Bank of St. Louis with capital stock of $250,000 and deposits of approximately $1.250,000, was ordered closed by its board of directors early today and an assistant national bank examiner was asked to take charge. There FIRE RAZES BUILDING BOSTON, Jan. 4-(P)-Fire early today destroyed the Odd Fellows building, large, five story stone building in the south end with loss
Click image to open full size in new tab
LOST wrist watch, WednesFor Rent Light housekeeping day evening, Dec. 30th, while getting rooms. 235 Bartlett. 19-tf. off train 25 or in Baxter Taxi. Reward. Phone 362W. 619 Pine St. By The Associated Press. 11-20-tf. St. Louis, Jan. The Vandeventer National Bank of St. Louis, with APARTMENTS AND HOUSES capital stock of $250,000 and deFor Rent or Sale-Store building posits of approximately $1,250,000, on 5th and Cedar. Concrete floor. Will was ordered closed by its board of redecorate. Call 691. 1-4-6t directors early today and an assistant national bank examiner was For Sale.-5 room house. Modern asked to take charge. with furnace. Hardwood floors. 303 There had been a slow run on the Selma St. Phone 684. 4-6t bank for several weeks, the directors said. For cheap, close in W. C. Johnson is president of the 321 N. Main. W. I. Daily, Phone 886. institution. First to Fail. By The Associated Press. 105 No. 8th St., or Phone 265. Jefferson City, Jan. 4.-The first 1-1-3t bank closing of the new year in MisFor Rent.-5 room downstairs souri was reported to the state finance apartment, hardwood floors, furnace, department today. gas and 2 fireplaces. 4 room cottage Directors of the St. James State 630 Charles St. Lights and bath and Bank, in Phelps county, in notifying garden spot. Phone 257 or 396. the finance department that they had 1-4-3t closed that institution, gave "depleted cash reserve and general depressed For Rent.-Furnished housekeeping conditions" as the reason for the closapartment. Modern. 615 Kinzer St., ing. The bank had loans of $217,088, total resources, $248,314; capital, $25,000; surplus, $7,000 and deposits of $191,632.
Click image to open full size in new tab
GARY BANK CLOSES. tional Bank of America today succumbed to run of frightened depositors and closed its doors. The closing Saturday of last last two banks in the neighboring city of Hammond caused an uneasiness that spread to this city. Confronted with heavy withdrawals National Bank of America closed doors and its affairs were turned over to national bank The tank capitalized at $150,000 and assets of deposits had been reduced by with drawals weeks to approxmately $245,000. TRUST COMPANY FAILS. Ind., Jan. Peoples Loan and Trust Company of this city was closed today for liquidation. Directors met yesterday and decided to liquidate the bank's affairs. The bank capitalized at $25,000 and its last report total of $269,282.64 and deposits of $217,510.27 ONE AT ST. LOUIS. ST. LOUIS, Mo., Jan. The Vandeventer National bank of St. Louis, with capital stock of $250, 000 and deposits of approximately was ordered closed by its board of directors early today and an assistant national bank examiner was asked to take charge. There had been slow run on the bank for several weeks, the directors said. W. C. Johnson is president of the institution.
Click image to open full size in new tab
ST. LOUIS BANK CLOSED ST. LOUIS, Vandeventer National of Louis, with capital stock of of dered closed by its board of directors early today and an assistant national
Click image to open full size in new tab
VANDEVENTER BANK RECEIVER ACTS TO DISSOLVE BOND GROUP suit, stated to be a was filed Federal Court by Joseph F. of the VandevenNational Bank, for dissolution Community Bond Group, a investment trust which the maintained for itself and its it was stated. bought and sold participation entitling in the yield of the The bonds held have and the interest is $91,are 30 other participetition, filed by Ar- DELMAR as his counsel, stated bonds at present would about 40 per cent of their The bank needs to share of the but some of the parmeeting last night, wish to hold the bonds price can be obtained The court may be asked the bonds between the plans desiring to inbank, and those wishon.
Click image to open full size in new tab
VANDEVENTER BANK PAY 34 PCT. MORE Second Dividend Announced Following R. F. C. Loan Receiver Arranged. Special to the Post-Dispatch. WASHINGTON, Oct. 5.-Depositors of the Vandeventer National Bank in St. Louis, closed since January, will receive a second dividend of 34 per cent of their claims next week. The disbursement is made possible, in part, by a loan from the Reconstruction Finance Corporation negotiated on the assets of the Vandeventer Bank, by Receiver Joseph F. Holland. Checks for the dividend, totaling about $330,000, are being prepared at the Treasury Department and will be mailed to reach Receiver Holland, Monday, for distribution among depositors with approved claims of about $1,000,000. Creditors of the bank, last July, received a 25 per cent dividend amounting to about $239,000. The Vandeventer National Bank, 3565 Olive street, was placed in receivership last Jan. 12. Deposits when the bank closed, in 3260 accounts, amounted to $1,250,000, of which about $250,000 was offset by loans due the bank. Receiver Holland said today he had not received authorization from Washington to discuss for publication recent developments in the liquidation of the bank's assets.
Click image to open full size in new tab
$137,346,000 Lent During September by C., Report Shows Marked Decline in Number of Applications Is Disclosed. By Associated Press. WASHINGTON, October 22. The monthly report of the Reconstruction Corporation to Congress today showed advances authorized in September amounting to $137,346,000 and outstanding loans of nearly $1,000,000,000. Made public today by South Trimble, clerk of the House of Representatives, the report revealed marked decline in applications for loans by financial institutions as compared with the 1151 received in August. In September, there were 700 such applications. Less repayments exceeding $100,000,000, loans outstanding to financial institutions and railroads wre listed at $995,406,493 on September 30, with $289,580,373 in authorized advances to the same class of borrowers yet to called for Crop Relief In the statement of the corporation's condition on September 30, recorded that of the $110,000,000 granted the Secretary of Agriculture for crop production loans, $35,000,000 remained in addition, total of $125,900,587 in loans authorized for relief purposes and self-liquidating projects had not been called upon by October 1. During September, the report said, $64,217,500 in loans was authorized to financial institutions, compared with $122,277,641 in August. New loans numbering 691 totaling $59,155,319 were authorized in September and the remainder were increases in previous loans. Of the total, $28,981,374 was advanced to banks and $21,293,541 to railroads. In August total 1110 new loans was authorized. Of the applications for loans to states and cities for relief purposes, the corporation authorized twenty-seven to twenty-three states and territories in September, amounting to $18,523,502. It granted three of sixty-six loan applications for self-liquidating projects aggregating $53,105,000, and authorized $1,500,000 loan to the Sun-Maid Raisin Growers' of California. Aid Loans at 3 Per Cent. The relief loans are at per cent interest; bank loans at 5 and 5½, and railroads and per cent. Among the larger loans authorlized in September were, to the Metropolitan Water District of Southern California, $40,000,000; the New Orleans Belt Railroad bridge in Louisiana, $13,000,000; Railway Company, New York, Chicago and St. Louis, $6,800,000; Denver and Rio Grande Western Railroad Company, $3,850,000; the Pennsylvania Railroad Company, $2,000,000; Union Guardian Trust Company of Detroit, $2,767,000; State of Illinois, $5,000,000; Pennsylvania, $2,500,000; Ohio, a total of $2,807,000, and Louisiana, $1,008,844. Chairman Atlee Pomerene of the board said, in letter accompanying the report, that the board had in debentures to the Treasury in September, making total of $600,000,000 sold, which, with the $500,000,000 capital set up by Congress, brings the aggregate amount procured from the Treasury since its organization to $1,100,000,000. Actual cash disbursements in September, report said, amounted to $73,592,596. cash balance of $31,545,053 on hand October Chairman Pomerene also reported that number of authorized loans had been by prospective borrowers or withdrawn in full or in part, aggregating more than $2,000,000. Loans in Missouri. Loans authorized during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month, were listed to include the following: Missouri Bland, Farmers and Traders' Bank of $2200. Chamois, Peoples' Bank of Chamois, $30,000. Chillicothe, First National Bank of Chillicothe (receiver), $35,000. Eldorado Springs, Bank of Eldorado Springs, $4000. Leonard, Farmers' Bank of Leonard, $5000. Luray, Central Bank of Luray, $1500. Maplewood, Bank of Maplewood and Trust $100,000. Citizens' National Bank of Maplewood, $57,000. Marceline, Marceline State Bank, $2500. St. Louis, Hodiamont Bank, $15,000. St. Louis, Vandeventer National Bank of St. Louis (receiver), $187,300. Sedalia, Sedalia National Bank (receiver), $30,300. Sumner, Sumner Exchange Bank, $11,000. Waynesville, Waynesville State Bank, $9000. Loans authorized July 21 to 31. which withdrawn cancelled in part September 22 to 30: Missouri-St Louis, Lowell Bank $1000 and Macon. First National Bank and Trust Company, $2500.
Click image to open full size in new tab
SUES 6 STOCKHOLDERS OF VANDEVENTER BANK Receiver Seeks $11,165 From Them Under Double Liability Provision. Suits for $11,165 against six stockholders of the closed Vandeventer National Bank, under the double liability provision of national bank charters, were filed in Federal Court yesterday by the receiver, Joseph F. Holland. Defendants, and the amounts sought from each, are F. H. Schaefering, $2800; William F. Schaefering, $1000; Lon W. Harlow, $1598; Dr. Otto L. Sahlender, $2500; J, Pearlstone, $767, and Henry Bender, $2500. Holland said the has collected $125,000 of the $250,000 assessment against stockholders levied by the Comptroller of Currency. Arrangements have been made with some stockholders for deferred payments and considerably more is to be paid under that plan. The receiver has a suit for $72, 000 pending against the Metropolitan Holding Co., and its officers who were directors of the bank. The holding company has 720 shares of the bank' stock and no other assets. He alleges it was a fictitious corporation organized for the purpose of concealing the true owners of the stock. The bank, on Olive street east of Grand boulevard, was closed in January, 1932. Depositors so far have received 59 per cent of the $1,000,000 they had in the bank. $1731 Weekly for Loretta Young. By the Associated Press LOS ANGELES, Cal., June 30.-A contract between Loretta Young, 20-year-old player, and the Twentieth Century Pictures, Inc., under which she will receive $1731 a week for first year of employment. was approved by the Superior Court yesterday. Optional clauses were included under which the contract may be extended four years at increasing salary, the amount for the first added year being $3365 a week.
Click image to open full size in new tab
Ordered to Pay. St. Louis, March 21.-(P)-Eight directors of the closed Vandeventer National bank. who maintained 570 shares of bank stock through a holding company, today were ordered by Federal Judge Charles B. Faris to pay the bank's receiver $80,639.91.
Click image to open full size in new tab
Bank Directors Must Pay St. Louis, (P)-Eight directors of the closed Vandeventer National Bank. who maintained 570 shares of bank stock hrough a holding company, today were ordered by Federal Judge Charles B Faris to pay the bank's receiver $80.- have benefitted five cents a gallon in a local "gasoline war" here today Prices are as low as 13 cents, with many stations shaving off several cents on their signs
Click image to open full size in new tab
PAY FOR RECEIVER St. Louis, March directors of the closed Vandeventer National Bank, who maintained 570 shares of bank stock through hold. ing company, today were ordered by Federal Judge Charles B. Faris to pay the bank's receiver $80,639.91. The stockholders had based their plea on a contention that individual liability could be avoided through ownership of stock by holding company. In his ruling Judge Faris said "if such a company could be formed to escape liability, then the ((banking) statute is nullity." Stockholders, sued by the bank's receiver, were J. B. Corby, Max Lippman, L. E. Doerr, Edgar L. Miche, W. B. Knight, W. N. Matthews, Jesse A. Wolfort and Rhodes E. Cave.
Click image to open full size in new tab
Directors Pay Receiver Stock on Acquired Through Holding Company, Court Decides LOUIS, March (Special) Federal Judge Faris today decided that eight of the closed Vandeventer National Bank, who their 720 shares the Bank's stock through the medium of holding company, nevertheless the Bank pay the Bank's $80,The which decided Joseph Holland, filed Holland against the Metropolitan Holding The national banking law makes bank liable double the amount defendants already the loss of their stock, the judgment amount, interest. Liable Despite Holdings the that individliability bank could avoided through by holding company could formed liability, then the (banking) statute nullity would necessary the bank form holding assets would the stock the made, the assets would before The the bank not when holding and the and that individually had that more of the assets had been impaired. this Judge replied that the was their duty to aware condition. The receiver in his sought for plus the 720 shares the name the liability an individual one, each case. WOMEN FAVOR RACES HERE would the leasing the for dog passed meeting the Fourth Third Fourth Copies Senator and Altman and the Chamber Commerce.
Click image to open full size in new tab
Rule Directors Liable Must Pay Receiver on Stock Acquired Through Holding Company, Court Decides ST. LOUIS, March Federal Judge Faris today decided eight directors of the closed Vandeventer National Bank, who held their 720 shares of the Bank's stock through the medium of holding nevertheless the Bank, and must pay the Bank's receiver $80,The which he decided land, that filed by Holland was against the Holding The banking law makes for double the amount The defendants already the of and the for equal additionamount, with interest. Liable Despite Holdings Regarding the individplea be avoided through holding the company could formed escape the statute would only for organizers form holding which the assets stock bank, could made, the assets The the the bank when holding and and more assets had impaired. this Judge Faris replied the bank, duty aware condition. in his sought hold the jointly for shares held the name Faris, that the Judge liability an individual one, each case. WOMEN RACES HERE sembly bill would leasing the for passed meeting the Chelsea the Third Copies the lution forwarded Senator and Altman and the Chamber Commerce.