Farmers National Bank (Parsons, KS)

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RUN CLOSES KANSAS BANK. Parsons, Kan., March 22—The Farmers National Bank of Parsons was closed today by a national bank examiner after a run that began yesterday.

BANK FAILS IN WYOMING. Billings, Mont., March 22—Word was received here of the failure of the Powell National Bank, Powell, Wyo., to open its doors today. The bank is capitalized at $40,000.

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RUN CLOSES KANSAS BANK. Parsons, Kan., March 22—The Farmers National Bank of Parsons was closed today by a national bank examiner after a run that began yesterday.

BANK FAILS IN WYOMING. Billings, Mont., March 22—Word was received here of the failure of the Powell National Bank, Powell, Wyo., to open its doors today. The bank is capitalized at $40,000.

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PARSONS, KAN., BANK IS CLOSED FOLLOWING "RUN."

PARSONS, Kan., March 22.—The Farmers' National bank of this city was closed Saturday afternoon by F. R. Peterson, national bank examiner, following a run on the bank that began yesterday morning.

"It would have been futile to have remained open under the circumstances," Peterson said.

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Kansas National Bank Closes Doors After Run

Associated Press Report.

PARSONS, Kan., March 22.—The Farmers National bank of this city was closed this afternoon by F. R. Peterson, national bank examiner, following a run on the bank that began yesterday morning.

"It would have been futile to have remained open under the circumstances," Mr. Peterson said.

The Farmers National bank was the youngest bank in this city and was capitalized at $100,000. W. F. Lay was president, and Paul Cornelius, cashier. A bulk of its stockholders and depositors were farmers. Its last financial statement in January it had deposits of $428,984.61. Its resources amounted to more than $711,485.

The closing of the bank is the second National bank in Kansas to go to the wall in nine years, according to Mr. Peterson.

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BUILDING AND LOAN ASSN. IS NOT AFFECTED

The failure of the Farmers National Bank last Saturday does not involve the Parsons Building and Loan Association in any manner, the two institutions being entirely separate.

L. E. Roush, supervisor of building and loan associations under the state banking department said: "A recent examination of the Parsons Building and Loan associations discloses that it is in first class condition. Its deposits with the Farmers National Bank was very small and is amply protected by a surety bond approved by the state banking department. It is not affected in any way and no investor in the association need feel any uneasiness."

Senator Paul H. Kimball, one of the organizers of the association and its president for several years, now counsel and director, M. F. Kohler, Sr., President and Max Dannenbaum, director stated: "The Parsons Building and Loan Association is involved in no way in the closing of the Farmers National Bank. It had only a small account with it and is guaranteed by a surety bond. The assets of the building and loan association, consisting principally of first real estate mortgages are in excellent shape, and not one cent has ever been lost since the organization of the association in 1912. We have no financial connection with the bank simply occupying office space in their banking room. There is no reason for any person with funds invested in the association to be alarmed in the least.

Negotiations are under way for a new location, to be announced very shortly."

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Daugherty Aide Here Mum as to Purpose of Visit

S. T. Brown of Washington, working out of the office of Attorney General Daugherty, has been at the office of C. C. Madison, United States district attorney, for several days. He declined to reveal the purpose of his visit.

Closed Bank Receiver Named.

PARSONS, KAS., March 25.—John H. Dykes of Kansas City has been appointed receiver of the Farmers' National bank here. The bank was closed Saturday after a run.

Complete Luncheon, 85c; dancing. Pompeian Terrace, Baltimore.—Adv.

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DEPOSITORS STILL HAVE FAITH. Head of Defunct Bank Meets Encouragement, Not Criticism.

PARSONS, KAS., March 24.—Encouragement instead of criticism was the attitude of depositors of the defunct Farmers National bank of this city today towards W. F. (Bill) Lay, president of the institution.

Saturday a run on the bank when the reserve of the institution was low caused F. R. Peterson, national bank examiner, to close the bank.

"If Bill Lay says everything is all right, I know the bank will pay out," a rural depositor said.

A majority of the depositors expressed their opinion of the crash by telling the president it was no disgrace for the bank to fail when slow paper held by struggling farmers was the cause.

The bank will be reorganized as quickly as possible, according to Mr. Lay.

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EXAMINER TAKES OVER BANK Rumors on Condition Caused Heavy Run by Depositors.

PARSONS, Kan., March 25.—John Dykes, assistant national bank examiner, of Kansas City, receiver for the Farmers National bank which failed here last Saturday, Tuesday took charge of the bank.

Dykes will have charge of reorganizing the bank which closed its doors after a heavy run by depositors. Rumors on the condition of the bank caused the run which caught the institution with heavy loans to farmers outstanding.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

Dunlap Hall, the new $125,000 dormitory of the College of Emporia, is complete and is being furnished. Formal dedication will be part of the annual commencement exercises, May 29.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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Thomas J. Macredie, 81, who has lived on the same farm near Clearwater, for the last 54 years, is dead.

The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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The Farmers' National Bank of Parsons has been closed by F. H. Peterson, bank examiner. The institution closed its doors after a run on the bank by depositors. Mr. Peterson took over the institution pending instructions from the comptroller of currency.

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OSWEGO, KAS., BANK CLOSES.

Inability to Realize on Loans After Run Causes Failure.

TOPEKA, April 18.—Inability to collect on loans caused the closing of the Oswego State Bank today, according to information received at the state bank commissioner's office here from Commissioner Carl J. Peterson at Wichita. The Oswego bank had $30,000 capital and an equal amount of surplus. Deposits amounted to $411,000 and loans aggregated about $519,000, it was stated. Fred Perkins is president, and J. W. Marley cashier.

PARSONS, KAS., April 18.—Recently the Oswego State Bank, one of the oldest banking institutions in Labette County, survived a heavy run by depositors. To stop the run a mass meeting of citizens and depositors was held. The run started shortly after the Farmers' National Bank here was closed after a 3-day run.

Rummage Sale at Swope Settlement.

A rummage sale for persons in the neighborhood and those interested in the welfare of the Thomas H. Swope Settlement will be at the settlement house, 1608 Campbell street, Saturday, April 26. The women's auxiliary will be in charge. Persons having clothing or articles to give are asked to deliver them at the settlement, or call Mrs. Frank A. Baker at Westport 1208.

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PEDDLED RUMORS ON BANK, ARRESTED

John Grant of Chetopa—Accused of Circulating Untrue Reports.

Parsons, Kan., April 24.— John Grant of Chetopa, Kan., was free on bond today following his arrest last night on a charge of circulating a rumor against a sound bank. Grant was arrested when officials of the Chetopa State Bank complained Grant was circulating untrue reports of their institution because of a personal dislike for the bank. The Chetopa State Bank is one of the oldest and strongest banks in southeastern Kansas.

The Farmers National Bank of this city closed its doors a few weeks ago after a heavy run on its resources and the Oswego State Bank of that city went to the wall last week after a vain effort to recover from a run.

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PAVEMENT PICK-UPS

Sues Santa Fe. Mrs. Dora White of Iola has filed suit for $10,000 in Montgomery county district court against the Santa Fe railroad, alleging that the defendant is to blame for the death of her son. F. S. Atkins and This wife at crossing at the south edge of Wayside, in Montgomery. Oct. 16. The couple were enroute to Iola to be at the bedside of a sick relative when the accident happened.

Insure with, Pay Taxes to OLIVE BAKER, Notary Exchange Bank Bldg., Ph 275 n13tf

Alligator Is Frozen An alligator. dead and frozen stiff, was found in Onion creek vesterday morning by Bud Kauf man car the L. W. Kaufman farm three miles southwest of Coffeyville The rentile was taken to the Kaufman home and efforts made to revive it, but this was un-

Are You Running On TIME? You'll always be on schedule If you let Newfield adjust your watch. 2130 Main. Phone 127.

To Compete With Bus. John Schoenborn. Katy ticket agent. has received copy of res olution passed at the of the American Association Railroad Ticket Agents at St. Petersburg. Fa., urging that members USA their influence in assisting railroads to compete against mctor bus transportation

Plummer Is Held John Plummer. colored. arrested Saturday night for being drunk and resisting an officer, is still be Ing held by the police department in connection with the attempt to enter the J. C. Penney store Saturday night.

Take tamales home. 0. D. Dudley, Buckhorn Cafe, 209 S. Cen*ral. Phone 273.

Revival Effort. The revival meeting being held in the First Church of The Brethren, 26th and Washington streets are progressing The weather conditions and season interests have militated against the best attendance. but each night a good. ly number are present to enjoy the devotional services and the Rev. W. T. Luckett announces the following subject for this week. "The Unanswered Question." "Flirting With The Devil." "What Will You Do With Jesus?' "Christian Freedom.' Another Chance To Make Good." "The Home."

General Insurance F. E. Gehring. 1809 Broadway. Phone 409.

To Hold Open House. Announcement has been made that the Faer club will hold open house New Year's Eve at the Y. W. A. All men and women are cardially invited A program is promised every hour, in charge of Miss Ruth Walton Refreshments will be served

THE MAIN STREET CAFETERIA Serves Maxwell House Coffee, the best the market affords. No charge for second cup. 07tf.

To Help In Revival. Rev and Mrs. C. D. Wheat of Joplin arrived in the city last night to assist with revival servIce being conducted at 2027 Main street by Rev. Heiskel Rev Wheat will have charge of the music each evening

Make It A Habit. To go to the Commercial Barber shop, 106 N. Central, P. M. Johnson, proprietor. Phone 212.

Fire Boys Make Ran. A trash fire on North Thirtieth street necessitated a run by the fire department yesterday afternoon No damage was done although the flames were threatening some buildings

If your electric washer or sweeper needs repair Call 446. J1

Dividend Checks Here. The ten percent dividend checks for the depositors of the defunct Farmers National Bank have arrived and are being distributed it was announced last night by John H. Dykes, The checks were scheduled to arrive before Christmas but for some reason they were delayed. Each depositor must submit his certificate at the bank office on Broadway. Mr Dykes said

New Mattresses Cheap Old mattresses renovated and recovered and home same day invited Feather beds made into sanitary mattresses Acme Mattress Factory, 202 N. Central, Phone 77.

The Main Street Cafeteria will Laundry open January 4th at noon Adam Gross and F. H Frost proprietors F. H Frost. manager 431

Dry Wash Successful Try Havnes new DRY WASH. Satisfaction at low cost. 6c 1b. Call 144 and ask about It. 07

Miss Wells Returns Miss Ethel Wells has resumed her duties in the city water department after spending Christmas and the end with relalives and friends in Bartlesville.

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FARMERS BANK WILL

Stockholders' Agent To Be Elected

John receiver of the Farmers National Bank announced that the checks have gone ward Washington for signature account of the fourth and final dividend the defunct institution representing six percent terest to the depositors on their money credtiors have been paid hundred cents on the dolone on all their claims. This interest will to payment total about takes about two weeks get the checks back from Washington the money not be available for depositors here until about March 1st. will be announced columns of the Sun when the checks arrive. Closed 1924. The Bank closed its doors March 22nd. and the paying off of all the creditors 106 cents the dollar is best record made the Tenth Federal Reserve "So far able to determine the record ever made by failed tional bank in Massachusetts which few ago percent on the dollar After all creditors out of solvent National Bank paid full interest and all litigation has terminated the eral statues "provide that the Comptroller of the shall meeting the Stockholders publication local paper for days, which time the stockholders meet and elect stockholder's agent whom the receiver turns over the remaining assets to be further lected the agent for the benefit the stockholders who have paid their assessment. Probable Agents. Only those stockholders who have paid their assessment vote for the stockholder's agent, majority being necessary for election. The agent after posting an surety affairs of the Trust under the supervision the United States District court. Rumors all ready current whom this agent will Parsons all ready mentioned are Olive Baker Carl Rice. Taylor, and Heretofore the Comptroller Currency has been very luctant allow receivers of tional Banks 40 give out any formation whatsoever the condition of This policy has just been reversed by the department Washington and all National Bank Receivers are instructed to post copy their Quarterly report the window the Bank and make the available the newspapers. The last Quarterly report for ending December 1925. and the statement of conditions Just Imade available by Receiver Dykes, of the Farmers National Bank follows: Assets Bills Receivable Cash on hand 7,289.06 Assets other than Bills Receivable and cash hand 58,859.07 Additional Assets acquired Stock Assessment Interest Collected 31,144.06 Total all Assets coming into the hands the Rec. Uncollected Assets. Bills Receivable Assets than bills Receivable Additional Assets Acquired Stock Assessment 4,850.00 Total Assets lected

Liabilities Total claims proven on unsecured liabilities Total unproven unseclaims 597.19 Total secured liabiloutstanding unpaid Total Rediscounts paid None. Total payable paid None. Total Additional Liabilities Proven 9,750.57 of Liabilities Dividends paid during quarter Dividends paid prior thereto Total Dividends paid date Cash hand above statement is correct. Signed JOHN

Receiver.

WINS OPENER NEW Feb. Jean Borotra of France. ing champion. won his opening round match in the national door tennis courts the Seventh Regiment armory today. defeating Manfred Goldman of New He lost one game when temporarily control of service and served