Article Text
A TERRIBLE DISAPPOINTMENT Considerable disappointment is him to give each a check for $1,000 ing shown by the members of the payble at the First State Bank of I. V. A. element in Burke county as Bowbells, that they coaxed, begged, a result of The Tribune not closing bulldozed and even threatened him up shop and quitting business at the with arrest if the checks were net same time as the First State Bank forthcoming. He, however, refused did. It seems that the opinion was to issue the checks. When we asked quite general among the I. V. A. eleMr. Jenson about this he denied the whole thing, although the other parment that if they were able to put ties insist that he had told them forth enough pressure on the bank about the bankers asking for these to secure its suspension that The checks. While we do not pretend to Tribune would be compelled to quit know the reason for the bankers dein a very short time afterwards. The manding these checks at that partiTribune, however, is better off ficular time and putting in so much nancially now than it ever was before, and if a few more banks in the strenuous effort to get them, it appears that they were either despercounty closed (and rumors say that ately hard up for cash or that they this may happen in the near future) this newspaper would be on a strictintended to get the checks and then demand the cash from the First ly cash basis and would have no fur ther worries. State Bank. If the money were not paid on demand this would give While the stringent financial conthem good grounds for demanding dition in the state and the unabiliof the bank examiner that the bank ty of farmers to get cars in which be closed and a receiver appointed. to ship their grain and the elevators B. A. Smith of six miles north of being overloaded with grain so that town tells us that the day before the the farmers were unable to sell bank closed A. C. Wiper of Bowbells their crop in order to pay their debts called Smith's home over the telewas the direct cause for this bank phone. Mr. Smith was not at home suspending business when it did, we at the time, but Mrs. Smtih who ans. learn from reliable sources that wered the telephone was advised by there was considerable political pres Wiper to have her husband transfer sure put forth to assure its suspenthe title of his property to someone sion. élse as the First State Bank would We have been told by reliable parprobably close within a day or two. ties that two bankers spent most of Mr. Smith is one of the heavy stockthe afternoon of the day before the holders in the closed bank, and eviFirst State Bank closed with County dently Wiper was anxious not to Treasurer J. R. Jensen, and used have Smith suffer a loss as a result every effort imaginable to persuade of the bank closing.
