Citizens National Bank (Albuquerque, NM)

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ANOTHER SOUTH DAKOTA BANK CLOSES ITS DOORS

By Associated Press Leased Wire. Wessington Springs, S. D., Feb. 5.—The Farmers' Savings bank here, with deposits of $505,000, failed to open its doors today. The closing of the bank was caused by a heavy run.

Albuquerque, N. M., Feb. 5.—The Citizens' National bank failed to open its doors here this morning. Heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits December 31 last were $837,193.

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ALBUQUERQUE BANK CLOSES ITS DOORS

Albuquerque, N. M., Feb. 5.—The Citizens' National bank failed to open its doors here this morning. Heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capitalization of $100,000. Its deposits Dec. 31 last, were $837,193.

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BANK FAILS TO OPEN.

ALBUQUERQUE (N. M.), Feb. 5. (AP)—The Citizens National Bank failed to open its doors here this morning. Directors at a meeting last night decided to close and gave out a statement saying heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement December 31st, last, were $837,193.

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NEW MEXICO BANK CLOSES.

By the Associated Press. Albuquerque, N. M., Feb. 5.—The Citizens' National bank failed to open its doors today. The directors, at a meeting last night, decided to close and gave out a statement saying heavy withdrawals of deposits in the last few days made the step necessary.

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PLANE BRINGS HALF MILLION; ENDS BANK RUN

Albuquerque Merchants in Mass Meeting Decide to Stand by Institutions

El Paso, Tex., Feb. 5.—Carrying $500,000 in United States currency, Major Leo G. Heffernan, commander of the Twelfth Observance squadron, hopped off from Fort Bliss today at 11:15 a. m. The money was consigned by the federal reserve bank here to the First National Bank at Albuquerque, N. M., where it was delivered at 1:15 p. m. The rail distance between El Paso and Albuquerque is 254 miles.

Albuquerque, N. M., Feb. 5.—This was a day of excitement for many Albuquerqueans following the announcement this morning that the Citizens National bank had closed its door and that the institution had been placed in the hands of the comptroller of the currency. Long before the doors of the First National Bank opened this morning depositors were lined up waiting to withdraw their money and all day long the lobby of the bank was filled almost to overflowing by those who had money deposited in the bank and were clamoring to withdraw it.

Officers of the bank arranged for $500,000 to be brought here from El Paso, Texas, by aeroplane. They announced that another $500,000 would arrive tonight by train. This money, they said, was being supplied by the federal reserve bank.

The run on the bank continued until 3 p. m., the closing hour, and all who demanded their money were paid bank officials announced. About $200,000 was withdrawn, they said.

Fully 200 businessmen and firms at a meeting at the Chamber of Commerce this afternoon affirmed their faith in the going banking institutions of the city and pledged themselves to stick with the institutions, and urged the people to display sober judgment in the present situation.

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U. S. RESERVE SENDS HALF MILLION TO N. M. BANK

Army Pilot Speeds 250 Miles With Huge Sum in 2 Hours, Leaving Here 11:15 A. M.

Half a million dollars in cash was rushed by airplane yesterday from the Federal Reserve bank here to the First National Bank at Albuquerque. The money was requested following a run on the First National bank, which was the aftermath of the closing of the Citizens' National Bank at Albuquerque.

The First National, of Albuquerque, it was announced, had plenty of cash on hand to meet all reasonable demands of its depositors, and the emergency appeal to the Federal Reserve bank was decided upon only after the heavy withdrawals of the morning hours assumed the proportions of a run. Total withdrawals during the day amounted to $200,000, leaving the institution with sufficient available cash to meet any conceivable demands should the run continue. The bank is one of the oldest and strongest institutions in New Mexico and, among well informed people, its solvency is considered beyond question.

Piloted by Heffernan.

The plane was piloted by Maj. Leo G. Heffernan, commanding officer of the Twelfth Observation Squadron, air service, and carried Lieut. Charles Douglas as a passenger. Two hours were required for the trip, the ship leaving here at 11:15 a. m. and arriving without incident. The distance is 250 miles. Heffernan averaged 125 miles an hour on the flight.

Maj. Gen. Robert L. Howze was called into service when the urgency of the Albuquerque situation was reported. He was asked to send the half million by airplane so that no time would be lost.

General Howze refused to comment on the affair last night beyond saying that "the matter was strictly confidential and the emergency met."

Refuse to Talk.

The huge sum was taken to Fort Bliss in the armored reserve bank truck and then transferred to the waiting plane with only a few knowing the value of character of the cargo.

W. C. Weiss, manager of the El Paso branch of the Federal Reserve bank, is in New Mexico on a business trip and could not be located last night. W. P. Clarke, assistant reserve bank agent, could not be found and other officials refused to discuss the matter.

DAY OF EXCITEMENT FOR ALBUQUERQUEANS.

ALBUQUERQUE, N. M., Feb. 5. — This was a day of excitement for many Albuquerqueans, following the announcement this morning that the Citizens' National bank had closed its doors and that the institution had been placed in the hands of the controller of the currency. Long before the doors of the First National bank opened this morning depositors were lined up waiting to withdraw their money and all day long the lobby of the bank was filled almost to overflowing by those who had money deposited in the bank and were clamoring to withdraw it.

Officers of the bank arranged for $500,000 to be brought here from El Paso, Texas, by airplane. They announced that another $500,000 would arrive tonight by train. This money, they said, was being supplied by the Federal Reserve bank at El Paso.

The run on the bank continued until 3 p. m., the closing hour, and all who demanded their money were paid, bank officials announced. About $200,000 was withdrawn, they said.

Fully 200 business men and firms at a meeting held at the Chamber of Commerce this forenoon affirmed their faith in the going banking institutions of the city and pledged themselves to stick with the institutions and urged the people to display sober judgment in the present situation.

Directors of the Citizens' National bank at a meeting last night decided to close and gave out a statement saying heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement December 31, last, were $837,122.

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Albuquerque Bank Closes Its Doors

ALBUQUERQUE (N. M.), Feb. 5.—The Citizens' National Bank failed to open its doors here this morning. Directors at a meeting here last night decided to close, and gave out a statement saying heavy withdrawals of deposits in the last few days made the step necessary.

Business men meeting at the Chamber of Commerce today, called a mass meeting for tomorrow evening to discuss the banking situation in the State. Relief measures from the situation caused by the recent failures will be considered.

ANOTHER BANK CLOSED.

WASHINGTON SPRINGS (S. D.), Feb. 5.—The Farmers' Savings Bank here, with deposits of $505,000 closed its doors today, due to a heavy run.

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BANK CLOSED By the Associated Press. Albuquerque, N. M., Feb. 5.—The Citizens National bank failed to open its doors this morning. Directors at a meeting last night decided to close and gave a statement saying heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement, December 31, last, were $837,193.

Washington Springs, S. D., Feb. 5—The Farmers Savings bank here with deposits of $505,000, closed its doors today, due to a heavy run.

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Albuquerque Bank Weathers Long Run

ALBUQUERQUE, N. M., Feb. 6.—Tuesday was a day of excitement for many Albuquerqueans, following the announcement this morning that the Citizens National bank had closed its doors and that the institution had been placed in the hands of the comptroller of the currency. Long before the doors of the First National bank opened this morning depositors were lined up waiting to withdraw their money and all day long the lobby of the bank was filled almost to overflowing by those who had money deposited in the bank and were clamoring to withdraw it.

Officers of the bank arranged for $500,000 to be brought here from El Paso, Texas, by aeroplane. They announced that another $500,000 would arrive by train. The money they said, was being supplied by the Federal Reserve bank.

The run on the bank continued until 3 p. m., the closing hour, and all who demanded their money were paid, bank officials announced. About $200,000 was withdrawn they said.

Fully 300 business men and firms at a meeting held at the chamber of commerce this forenoon affirmed their faith in the going banking institutions of the city and pledged themselves to stick with the institutions and also urged the people to display sober judgment in the present situation.

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Albuquerque Bank Fails to Open Today

(By Associated Press Leased Wire)

Albuquerque, N. M. — The Citizens National Bank failed to open its door here this morning. Directors at a meeting last night decided to close and gave out a statement saying heavy withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement December 31st last were $837,193.

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ANOTHER S. DAKOTA BANK CLOSES DOORS

Essington Springs, S. D., Feb. 6—The Farmers Savings bank here, with deposits of $505,000, closed its doors due to a heavy run.

ALBUQUERQUE BANK CLOSES

Albuquerque, N. M., Feb. 6—The Citizens National bank failed to open its doors here Tuesday. Directors at a meeting decided to close and gave out a statement saying steady withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement Dec. 31 last, were $837,193.

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TWO MORE BANKS HAVE CLOSED THEIR DOORS

Essington Springs, S. D., Feb. 6.—The Farmers Savings bank here, with deposits of $505,000, closed its doors yesterday, due to a heavy run.

Albuquerque, N. M., Feb. 6.—The Citizens National bank failed to open its doors here this morning. Directors at a meeting last night decided to close and gave out a statement saying steady withdrawals of deposits in the last few days made the step necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement, Dec. 31 last, were $837,193.

AT COUTS FUNERAL.

Mr. and Mrs. C. E. Beem, J. C. Starkey and Alf Andrews were in Indianapolis today to attend the funeral of A. F. Couts, Big Four engineer.

MOTHER SERIOUSLY ILL.

Mrs. Charles Hoots has gone to Arcola, called there by the serious illness of her mother, Mrs. Sara Hood.

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MORE BANKS CLOSE AFTER RUN ON THEM

Essington Springs, S. D., Feb. 5.—The Farmers' Saving bank here, with deposits of $505,000, closed its doors today, due to a heavy run.

Albuquerque Bank Closes.

Albuquerque, N. M., Feb. 5.—The Citizens National bank failed to open its doors here this morning. Directors at a meeting last night decided to close and gave out a statement saying steady withdrawals of deposits in the last few days made the steps necessary. The bank has a capital of $100,000. Its deposits at the time of its last statement, Dec. 31, last were $837,193.

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WORLD'S EVENTS IN SHORT FORM

Best of News Boiled Down and Arranged for Busy People.

WASHINGTON

The State department at Washington again has requested that Honduras immediately act to elect a president. The last election resulted in a deadlock.

Officers of the League of Nations at Geneva expressed sorrow for the passing of Woodrow Wilson. One of the papers there said that the name of the American president will be "forever engraved on the tablets of history."

Cabinet members at London discussed plans for the building of 200,000 dwelling houses yearly under government subsidy, in order to relieve the unemployment situation. It is understood the unions are agreeable.

Former Secretary Fall refused to testify before a senate oil investigating committee at Washington.

Secretary Mellon's proposed reductions in surtax and normal tax rates were sustained by the Republicans on the ways and means committee at Washington, who voted to report the bill to the house without change.

A resolution mourning the death of President Wilson and praising his achievements was adopted by the American Federation of Labor at Washington.

The house at Washington approved a section of the treasury appropriation bill which would provide $10,629,770 for prohibition enforcement in the United States during the coming fiscal year.

President Coolidge responded to an inquiry from agricultural members of the conference at Washington on the farm-credit situation in the Northwest by saying that he favors higher wheat tariffs.

A 25 per cent reduction in all personal income taxes payable this year was approved by Republicans of the house ways and means committee at Washington.

The Federal Council of Churches at Washington has issued an appeal to all Protestants to aid the starving people in Germany.

A Washington dispatch says the American and Canadian governments have reached a co-operative agreement designed to curb thievery along the international border.

Major General Patrick, chief of the Air service, announced at Washington the around-the-world flight would begin at Los Angeles instead of Seattle.

Doheny told the senate committee at Washington that he hired William G. McAdoo and has paid him $250,000 since he left the cabinet. McAdoo says Doheny retained him and his firm on Mexican litigation a year after he quit the cabinet.

A new lead was furnished to the senate oil committee at Washington by reports that Harry F. Sinclair spent large sums of money while he was in Washington negotiating for the Teapot Dome lease.

The Bayonne Housing corporation has been formed at New York by John D. Rockefeller and other business men, including the oil magnate's son, to erect model tenements, sufficient to house 150 families.

Fear was expressed at Christiania for the Amundsen exploration party as the result of a message to the effect that the party's ship is drifting in the Arctic ocean and in danger of grounding.

Forty-one miners perished when the bottom fell out of a small pond and flooded the workings of the Milford iron mine near Crosby, Minn. Only seven of the crew of forty-eight at work escaped.

The blizzard that ripped through six middle western states, isolating cities and villages, moved on, leaving in the territory contiguous to Chicago six persons dead and property damage that will exceed $2,000,000.

Three persons are dead and twenty inches of snow that fell in the storm at Milwaukee cover a property damage estimated at $1,000,000.

Fines amounting to $332,875 for bootlegging across the Canadian border were imposed last year by Judge Cooper in the federal court at Albany, N. Y.

J. B. Strauss, a Chicago engineer, is in San Francisco planning the proposed Bridge of the Golden Gate.

Steady withdrawals of funds was announced as the reason for the closing of the Citizens National bank at Albuquerque, N. M. On December 31 the bank had deposits of $837,193.

The $50,000 Bok check was handed at Philadelphia to Charles H. Levermore, former president of Adelphia college in Brooklyn, and now secretary of the New York Peace society, of which Oscar S. Straus is president.

The state of Michigan will collect $936,653 in inheritance tax from the estate of the late John F. Dodge, automobile manufacturer, says a Lansing dispatch.

An Evansville (Ind.) dispatch says property damage which it is estimated will reach several hundred thousand dollars was caused by a windstorm which swept across southern Indiana late Monday. No one was killed.

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News of the Week Cut Down for Busy Readers

WASHINGTON

Secretary Hoover announced at Washington that the government has approved the conference of bituminous operators and miners at Jacksonville, Fla. The announcement was made on Wednesday.

Hearings on a bill for the development of the lakes to the gulf waterway and relating to the diversion of water from Lake Michigan by the Chicago sanitary district have been postponed, says a Washington dispatch.

T. V. O'Connor of Buffalo, former president of the Longshoremen's union and a present member of the United States shipping board at Washington, was appointed by President Coolidge to be chairman of the board.

Secretary Denby of the navy made public at Washington a telegram sent to Roy D. Chapin of Detroit in which he defends his part in leasing of naval oil reserves to private parties. He justified his approval of the leases by reports and statements made to him by governmental and other experts that the oil lands were being drained by privately owned wells adjoining the naval reserves.

The convention of delegates at Washington from wheat-growing states endorsed the Coolidge plan to put the farmer on his feet.

The State department at Washington again has requested that Honduras immediately act to elect a president. The last election resulted in a deadlock.

A resolution mourning the death of President Wilson and praising his achievements was adopted by the American Federation of Labor at Washington.

The house at Washington approved a section of the treasury appropriation bill which would provide $10,629,770 for prohibition enforcement in the United States during the coming fiscal year.

President Coolidge responded to an inquiry from agricultural members of the conference at Washington on the farm-credit situation in the Northwest by saying that he favors higher wheat tariffs.

A 25 per cent reduction in all personal income taxes payable this year was approved by Republicans of the house ways and means committee at Washington.

A new lead was furnished to the senate oil committee at Washington by reports that Harry F. Sinclair spent large sums of money while he was in Washington negotiating for the Teapot Dome lease.

Prof. E. J. Christie, fifty-eight, of Marion, Ia., inventor of a gyroscopic unicycle which he hoped could attain a speed of 250 miles an hour committed suicide in a hotel at Camden, N. J.

The Bayonne Housing corporation has been formed at New York by John D. Rockefeller and other business men, including the oil magnate's son, to erect model tenements, sufficient to house 150 families.

Steady withdrawals of funds was announced as the reason for the closing of the Citizens' National bank at Albuquerque, N. M. On December 31 the bank had deposits of $837,193.

The state of Michigan will collect $936,653 in inheritance tax from the estate of the late John F. Dodge, automobile manufacturer, says a Lansing dispatch.

An Evansville (Ind.) dispatch says property damage which it is estimated will reach several hundred thousand dollars was caused by a windstorm which swept across southern Indiana late Monday. No one was killed.

Forty-one miners perished when the bottom fell out of a small pond and flooded the workings of the Milford Iron mine near Crosby, Minn. Only seven of the crew of forty-eight at work escaped.

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WORLD'S EVENTS IN SHORT FORM

Best of News Boiled Down and Arranged for Busy People.

WASHINGTON

The State department at Washington again has requested that Honduras immediately act to elect a president. The last election resulted in a deadlock.

Officers of the League of Nations at Geneva expressed sorrow for the passing of Woodrow Wilson. One of the papers there said that the name of the American president will be "forever engraved on the tablets of history."

Cabinet members at London discussed plans for the building of 200,000 dwelling houses yearly under government subsidy, in order to relieve the unemployment situation. It is understood the unions are agreeable.

Former Secretary Fall refused to testify before a senate oil investigating committee at Washington.

Secretary Mellon's proposed reductions in surtax and normal tax rates were sustained by the Republicans on the ways and means committee at Washington, who voted to report the bill to the house without change.

A resolution mourning the death of President Wilson and praising his achievements was adopted by the American Federation of Labor at Washington.

The house at Washington approved a section of the treasury appropriation bill which would provide $10,629,770 for prohibition enforcement in the United States during the coming fiscal year.

President Coolidge responded to an inquiry from agricultural members of the conference at Washington on the farm-credit situation in the Northwest by saying that he favors higher wheat tariffs.

A 25 per cent reduction in all personal income taxes payable this year was approved by Republicans of the house ways and means committee at Washington.

The Federal Council of Churches at Washington has issued an appeal to all Protestants to aid the starving people in Germany.

A Washington dispatch says the American and Canadian governments have reached a co-operative agreement designed to curb thievery along the international border.

Major General Patrick, chief of the Air service, announced at Washington the around-the-world flight would begin at Los Angeles instead of Seattle.

Doheny told the senate committee at Washington that he hired William G. McAdoo and has paid him $250,000 since he left the cabinet. McAdoo says Doheny retained him and his firm on Mexican litigation a year after he quit the cabinet.

A new lead was furnished to the senate oil committee at Washington by reports that Harry F. Sinclair spent large sums of money while he was in Washington negotiating for the Teapot Dome lease.

The Bayonne Housing corporation has been formed at New York by John D. Rockefeller and other business men, including the oil magnate's son, to erect model tenements, sufficient to house 150 families.

Fear was expressed at Christiania for the Amundsen exploration party as the result of a message to the effect that the party's ship is drifting in the Arctic ocean and in danger of grounding.

Forty-one miners perished when the bottom fell out of a small pond and flooded the workings of the Milford Iron mine near Crosby, Minn. Only seven of the crew of forty-eight at work escaped.

The blizzard that ripped through six middle western states, isolating cities and villages, moved on, leaving in the territory contiguous to Chicago six persons dead and property damage that will exceed $2,000,000.

Three persons are dead and twenty inches of snow that fell in the storm at Milwaukee cover a property damage estimated at $1,000,000.

Fines amounting to $332,875 for bootlegging across the Canadian border were imposed last year by Judge Cooper in the federal court at Albany, N. Y.

J. B. Strauss, a Chicago engineer, is in San Francisco planning the proposed Bridge of the Golden Gate.

Steady withdrawals of funds was announced as the reason for the closing of the Citizens National bank at Albuquerque, N. M. On December 31 the bank had deposits of $837,193.

The $50,000 Bok check was handed at Philadelphia to Charles H. Levermore, former president of Adelphia college in Brooklyn, and now secretary of the New York Peace society, of which Oscar S. Straus is president.

The state of Michigan will collect $936,653 in inheritance tax from the estate of the late John F. Dodge, automobile manufacturer, says a Lansing dispatch.

An Evansville (Ind.) dispatch says property damage which it is estimated will reach several hundred thousand dollars was caused by a windstorm which swept across southern Indiana late Monday. No one was killed.

Article Text

WORLD'S EVENTS IN SHORT FORM

Best of News Boiled Down and Arranged for Busy People.

WASHINGTON

The State department at Washington again has requested that Honduras immediately act to elect a president. The last election resulted in a deadlock.

Officers of the League of Nations at Geneva expressed sorrow for the passing of Woodrow Wilson. One of the papers there said that the name of the American president will be "forever engraved on the tablets of history."

Cabinet members at London discussed plans for the building of 200,000 dwelling houses yearly under government subsidy, in order to relieve the unemployment situation. It is understood the unions are agreeable.

Former Secretary Fall refused to testify before a senate oil investigating committee at Washington.

Secretary Mellon's proposed reductions in surtax and normal tax rates were sustained by the Republicans on the ways and means committee at Washington, who voted to report the bill to the house without change.

A resolution mourning the death of President Wilson and praising his achievements was adopted by the American Federation of Labor at Washington.

The house at Washington approved a section of the treasury appropriation bill which would provide $10,629,770 for prohibition enforcement in the United States during the coming fiscal year.

President Coolidge responded to an inquiry from agricultural members of the conference at Washington on the farm-credit situation in the Northwest by saying that he favors higher wheat tariffs.

A 25 per cent reduction in all personal income taxes payable this year was approved by Republicans of the house ways and means committee at Washington.

The Federal Council of Churches at Washington has issued an appeal to all Protestants to aid the starving people in Germany.

A Washington dispatch says the American and Canadian governments have reached a co-operative agreement designed to curb thievery along the international border.

Major General Patrick, chief of the Air service, announced at Washington the around-the-world flight would begin at Los Angeles instead of Seattle.

Doheny told the senate committee at Washington that he hired William G. McAdoo and has paid him $250,000 since he left the cabinet. McAdoo says Doheny retained him and his firm on Mexican litigation a year after he quit the cabinet.

A new lead was furnished to the senate oil committee at Washington by reports that Harry F. Sinclair spent large sums of money while he was in Washington negotiating for the Teapot Dome lease.

The Bayonne Housing corporation has been formed at New York by John D. Rockefeller and other business men, including the oil magnate's son, to erect model tenements, sufficient to house 150 families.

Fear was expressed at Christiania for the Amundsen exploration party as the result of a message to the effect that the party's ship is drifting in the Arctic ocean and in danger of grounding.

Forty-one miners perished when the bottom fell out of a small pond and flooded the workings of the Milford Iron mine near Crosby, Minn. Only seven of the crew of forty-eight at work escaped.

The blizzard that ripped through six middle western states, isolating cities and villages, moved on, leaving in the territory contiguous to Chicago six persons dead and property damage that will exceed $2,000,000.

Three persons are dead and twenty inches of snow that fell in the storm at Milwaukee cover a property damage estimated at $1,000,000.

Fines amounting to $332,875 for bootlegging across the Canadian border were imposed last year by Judge Cooper in the federal court at Albany, N. Y.

J. B. Strauss, a Chicago engineer, is in San Francisco planning the proposed Bridge of the Golden Gate.

Steady withdrawals of funds was announced as the reason for the closing of the Citizens National bank at Albuquerque, N. M. On December 31 the bank had deposits of $837,193.

The $50,000 Bok check was handed at Philadelphia to Charles H. Levermore, former president of Adelphia college in Brooklyn, and now secretary of the New York Peace society, of which Oscar S. Straus is president.

The state of Michigan will collect $936,653 in inheritance tax from the estate of the late John F. Dodge, automobile manufacturer, says a Lansing dispatch.

An Evansville (Ind.) dispatch says property damage which it is estimated will reach several hundred thousand dollars was caused by a windstorm which swept across southern Indiana late Monday. No one was killed.

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AVERTS RUN ON BANK

Maj. Leo G. Heffernan Delivers $500,000 by Airplane to Albuquerque Financial Institution

An air flight by Maj. Leo G. Heffernan, commander of the Twelfth Observation Squadron of the United States Army corps at Fort Bliss, a brother of John, Thomas and Dr. Andrew Heffernan, of this city, averted a run on the Citizens' National Bank at Albuquerque, N. M., on Tuesday. Reports had been circulated that the bank had closed its doors and that the depositors were in danger of losing their money. Bank officials appealed to the officers at Fort Bliss and arrangements were made for the delivery of $500,000 from El Paso. Maj. Heffernan completed the journey, a distance of 234 miles, in two hours.

Maj. Heffernan has distinguished himself several times as a United States Army flyer during the war in France and in this country since the signing of the armistice.

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Davis Booked for Scranton Also. Secretary of Labor Davis, who has been secured to be the speaker at the St. David day celebration at Wilkes-Barre February 29 has been engaged to deliver the address at the annual banquet of the St. David's society at Scranton the following night

Wilkes-Barre Flyer Prevents Run On Bank. A run on Citizens' National Bank, Albuquerque, N. M., was averted, Tuesday, when an airplane flight of 234 miles was made in 2 hours with $500,000 from El Paso, Texas, by Major Leo G. Heffernan, 12th Observation Squadron, a native of Wilkes-Barre, whose brothers, John, Thomas, George and Dr. Andrew, all reside at Wilkes-Barre.

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WORLD'S EVENTS IN SHORT FORM

Best of News Boiled Down and Arranged for Busy People.

WASHINGTON

The State department at Washington again has requested that Honduras immediately act to elect a president. The last election resulted in a deadlock.

Officers of the League of Nations at Geneva expressed sorrow for the passing of Woodrow Wilson. One of the papers there said that the name of the American president will be "forever engraved on the tablets of history."

Cabinet members at London discussed plans for the building of 200,000 dwelling houses yearly under government subsidy, in order to relieve the unemployment situation. It is understood the unions are agreeable.

Former Secretary Fall refused to testify before a senate oil investigating committee at Washington.

Secretary Mellon's proposed reductions in surtax and normal tax rates were sustained by the Republicans on the ways and means committee at Washington, who voted to report the bill to the house without change.

A resolution mourning the death of President Wilson and praising his achievements was adopted by the American Federation of Labor at Washington.

The house at Washington approved a section of the treasury appropriation bill which would provide $10,629,770 for prohibition enforcement in the United States during the coming fiscal year.

President Coolidge responded to an inquiry from agricultural members of the conference at Washington on the farm-credit situation in the Northwest by saying that he favors higher wheat tariffs.

A 25 per cent reduction in all personal income taxes payable this year was approved by Republicans of the house ways and means committee at Washington.

The Federal Council of Churches at Washington has issued an appeal to all Protestants to aid the starving people in Germany.

A Washington dispatch says the American and Canadian governments have reached a co-operative agreement designed to curb thievery along the international border.

Major General Patrick, chief of the Air service, announced at Washington the around-the-world flight would begin at Los Angeles instead of Seattle.

Doheny told the senate committee at Washington that he hired William G. McAdoo and has paid him $250,000 since he left the cabinet. McAdoo says Doheny retained him and his firm on Mexican litigation a year after he quit the cabinet.

A new lead was furnished to the senate oil committee at Washington by reports that Harry F. Sinclair spent large sums of money while he was in Washington negotiating for the Teapot Dome lease.

The Bayonne Housing corporation has been formed at New York by John D. Rockefeller and other business men, including the oil magnate's son, to erect model tenements, sufficient to house 150 families.

Fear was expressed at Christiania for the Amundsen exploration party as the result of a message to the effect that the party's ship is drifting in the Arctic ocean and in danger of grounding.

Forty-one miners perished when the bottom fell out of a small pond and flooded the workings of the Milford Iron mine near Crosby, Minn. Only seven of the crew of forty-eight at work escaped.

The blizzard that ripped through six middle western states, isolating cities and villages, moved on, leaving in the territory contiguous to Chicago six persons dead and property damage that will exceed $2,000,000.

Three persons are dead and twenty inches of snow that fell in the storm at Milwaukee cover a property damage estimated at $1,000,000.

Fines amounting to $332,875 for bootlegging across the Canadian border were imposed last year by Judge Cooper in the federal court at Albany, N. Y.

J. B. Strauss, a Chicago engineer, is in San Francisco planning the proposed Bridge of the Golden Gate.

Steady withdrawals of funds was announced as the reason for the closing of the Citizens National bank at Albuquerque, N. M. On December 31 the bank had deposits of $837,193.

The $50,000 Bok check was handed at Philadelphia to Charles H. Levermore, former president of Adelphia college in Brooklyn, and now secretary of the New York Peace society, of which Oscar S. Straus is president.

The state of Michigan will collect $936,653 in inheritance tax from the estate of the late John F. Dodge, automobile manufacturer, says a Lansing dispatch.

An Evansville (Ind.) dispatch says property damage which it is estimated will reach several hundred thousand dollars was caused by a windstorm which swept across southern Indiana late Monday. No one was killed.

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CITIZEN AND

ALBUQUERQUE BANK MERGER EXPECTED Albuquerque, where the Citizens National Bank recently closed, is expected to have 'a new bank in operation June 1, through the merger of the Citizens with the Albuquerque National Bank. This would enable distribution to creditors of 70 per cent of the National obligations and it was hoped that the assets of the National might be handled to permit distribution from 15 to 30 per cent more. The 70 per cent distribution would give approximately $400.000 for circulation at Albuquerque. President Simms of the Citizens said that a run on his bank. in which $247.000 was withdrawn in 18 days, caused the doors to close.

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CITIZEN AND ALBUQUERQUE BANK MERGER EXPECTED Albuquerque, where the Citizens National Bank recently closed, is expected to have a new bank in operation June 1, through the merger of the Citizens with the Albuquerque National Bank. This would enable distribution to creditors, of 70 per cent of the National obligations and it was hoped that the assets of the National might be handled to permit distribution from 15 to 30 per cent more. The 70 per cent distribution would give approximately $400,000 for circulation at Albuquerque. President Simms of the Citizens said that a run on his bank, in which $247,000 was withdrawn in 18 days, caused the doors to close.

HONOR GIVEN MANY MEMBER OF SENIOR CLASS (Continued from page one) Broad jump (13 feet), First, Dorothy Scott; Second, Hazel Camp; Third, Eunice Grim.

Shotput, (12 lb. shot 23 feet 11 in.) First, Esther Williams; Second, Bernetta Williams; Third, Margaret Hays.

High jump, (3 feet 10 in.) First, Hazel Camp; Second, Freda Hart; Third, Meta LaPrade.

Relay race, Juniors First, Seniors Second. Members winning team: Freda Hart, Evelyn Proctor, Hazel Camp, Opal McHood. Members Senior team: Eunice Grim, Janetta LaPrade, Loretta Bauer, Bernetta Williams.

In home economics in the Freshman class, honors were awarded the following: Ina Bender, Thelma Lewis, Jane Day, Pauline Sprankle, Meta LaPrade. The first two were given awards for generally efficient work while the other three were given for work in some single department.

A sweater was given Hazel Camp for her work in the basketball team. The other girls in the team had received heretofore.

Letters were awarded the following for basketball: Esther Williams, Freda Hart, Janetta LaPrade, E. Proctor, Hazel Camp and Bernetta Williams.

For High Grades Honors also were awarded for high grades made in the four year's work in the high school as follows:

Seniors—First, Evelyn Garver; Second, Winfred Hensley.

Juniors—First, Isabel Downey; Second, Lois Garver.

Sophomores—First, Mary Dudziak.

Freshmen—First, Adelaide Martin; Second, John Peterson.

In the Seniors there were several others who through excellent grades were entitled to honorable mention.

For Underwood typewriter method trophies went to: First, Isabel Downey; Second, Dorothy Scott.

Awards for debate honors went to Glenn Evans and Mary Dudziak.

The Senior class won the inter-class cup. A cup offered to the class whose members made the highest average scores through the term in: Athletics, debating, scholarship, deportment and attendance.

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DAVID COWAN, BANK RECEIVER, FORMERLY OF CITY, IS DEAD

David Cowan. receiver for First National bank of Las Vegas, died Tuesday morning at thony's hospital in that city, learned here Tuesday Mr. Cowan had been pneumonia and had been the hospital for days. Apparently he had almost entirely He arose his and himself Monday. Tuesday morning about 6:30 taken with heart attack and suddenly. Mr. Cowan survived by two who reside in Baltimore, whom was with him when died: and daughter CaliforHe was about 60 years The body will be taken his former home in Baltimore burial. Mr. Cowan was well known here, heving lived in Albuquerque for some time, while acting receiver for the Citizens National Bank. He had been in government for many years. Mr. Cowan member of the buquerque lodge of the Elks.