1116401452 111640
national
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California Bank Is Temporarily Closed GRIDLEY, Dec. 18.-The First NaTional bank of Gridley, Cal., today temporarily suspended operations by order of the board of directors, Manager J. A. Shafer announced, The suspension presumably was Que to insufficient reserve, resulting from heavy loans made to rice grow. ers in this district. The condition of the rice erop due to storms hastened the closing. Deposits were said to total $200,000.
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Bank Asset Sale Set for Tuesday GRIDLEY Oct. of the remaining assets of the defunct First Bank of Gridley, amounting to will be held on Tuesday morning. Oct. 30, at 10 the office Kitchin and Ingram through Kitchin, who under appointment of Joseph Gamble, national bank receiver. The sale was to have been held this but the date was postponed one The former local bank crashed in 1921. father and son banquet planned for Nov.
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Bank Receiver Institutes Suit Joseph A Gamble, receiver of the First National Bank of Gridley, filed suit in the county clerk's office today against J. A. Schafer, Clara E. Schafer, F. M. Eidson, A. M. Klepinger. F. A. Schalow and others to quiet title to a lot in Parkside addition in Gridley.
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Spencer, Known As Bank Receiver, Buried at Merced GRIDLEY, Jan. 3. Henry P. Spencer, 79, who came to Gridley in 1920 as receiver for the defunct First National bank and was active in the local Presbyterian church during several years residence here, died last week at Merced, according to word received by local friends. Spencer served as elder, choir leader and superintendent of the Sunday school in the local Presbyterian church until he left this city after the bank's affars were cleaned up. He was church leader in Merced, where he had resided since 1913. Spencer was prominent as a founder of the Livingston bank, an officer in Merced bank and receiver of a number of banks. He had held membership and offices in various Masonic lodges and branches of Masonic order, including Knights Templar, the Mystic Shrine and Eastern Star. Spencer survived by two daughters by first marriage and the widow of a second marriage.