13071. Commercial State Bank (Grand Island, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 1, 1907
Location
Grand Island, Nebraska (40.925, -98.342)

Metadata

Model
gpt-5-mini
Short Digest
9f7fee3b

Response Measures

None

Description

The bank voluntarily (directors) closed/suspended on Nov 1–2, 1907 because $50,000 of its funds were tied up at the failed First National Bank of Chariton, IA (cashier's suicide). Examination found it solvent and it reopened Nov 21, 1907. No run is described in the articles.

Events (2)
1. November 1, 1907 Suspension
Cause
Correspondent
Cause Details
Directors closed because $50,000 of the bank's funds were deposited in the First National Bank of Chariton, Iowa, which failed after its cashier committed suicide; fear that reserves would be threatened.
Newspaper Excerpt
The Commercial State bank of this city this morning closed its doors. Fifty thousand dollars of the funds of the bank were in the First National bank of Chariton, Iowa, whose cashier committed suicide yesterday. Fearing the reserve of the Commercial would be threatened, its directors decided to close.
Source
newspapers
2. November 21, 1907 Reopening
Newspaper Excerpt
The Commercial State bank opened this morning... instead of even a semblance of a run, the deposits were greater than the withdrawals.
Source
newspapers

Newspaper Articles (14)
1. November 1, 1907 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 1, 1907

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STATE BANK CLOSES. Commercial of Grand Island Affected by Chariton Suicide. Grand Island, Neb., Nov. 1.-The Commercial State bank of this city this morning closed its doors. Fifty thousand dollars of the funds of the bank were in the First National bank of Chariton, Iowa, whose cashier committed suicide yesterday. Fearing the reserve of the Commercial would be threatened, its directors decided to close. The capital of the bank was $50,000 with a surplus of $5,000. De posits amount to $380,000. The bank was owned in Iowa. Other local banks will assist the Commercial and a receiver will probably not be asked for.

2. November 1, 1907 Santa Fe New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe New Mexican, November 1, 1907

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IOWA BANK FAILS; CASHIER SUICIDES Bad Loans Wrecked Institution-Two Other Banks Forced to Close Also. Grand Island, Neb., Nov. 1.-The Commercial State bank of this city closed its. doors today. Fifty thousand dollars of the funds of the bank were in the First National bank of Chariton, Iowa, whose cashier committed suicide yesterday. The deposits of the Commercial State bank are $380,000. Local banks will assist and a receiver will probably not be asked for. This is the second bank to close its doors as a result of the failure of the Chariton bank, the bank of Russell, a private institution, having suspended yesterday.

3. November 1, 1907 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, November 1, 1907

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CROCKER'S BANK INVOLVES OTHERS Chariton Institution Whose Cashier Killed Himself Reported in Bad Condition FAILURE HITS NEBRASKA BANK. Commercial State at Grand Island Had Sum on Deposit at Chariton Doors Large is Compelled to Close Its to Crocker and Has Long Planned Suicide. Special to Times-Republican Des Moines, Nov. 1.-Developments First Nathe affairs of the the exregarding bank at Chariton, and involved by tional which the bank is cashier, tent to vice president and dead its late Crocker, who was found are Frank from a dose of morphine, unconfirmed yesterday out slowly. An that the coming received here indicates the bank report will be heavy and that not be will failure be so crippled that it will able to resume business. instiBank of Russell, a private $25,000, of The with a capital of president, tution, Cashier Crocker was investigais which also closed pending this tion. the other banks of Chari- usual. However, continue in business as conditon will affairs are in the best adopted Their they have not even of tion and of limiting the withdrawal the prethe rule or otherwise taking generally. deposits adopted by banks take care caution enough money to and They have needs. Business understand men of their large depositors here there has the complete solvency and whattheir interruption of business bank, been no The Chariton Savings the ever. was closely connected with open which National bank, was likewise usual. Its First and did business as the all day expect to continue business same officers way, meeting all demands upon them. evidently contemplated sut ke Crocker for several days at least. He sp and cide discouragingly with close friends of that he faced some sort die- to hinted which he had not the courage to grace His friends, however, sought more meet. him and `thought nothing evencheer the matter then. He spent the fatherof in part at the home of his at the ing S. S. Arnold, and also and in-law, where he got some papers with bank, home. Here he talked briefly devoted went daughter, Jessie, and then matters his to papers and business himself letter writing. The household in and to as usual. Mrs. Crocker was Guilretired on a visit with a son, favorite. Chicago who was his father's his son, ford, was the first outing for lain in This had for nearly two years while who with an injured back, hurt Military he bed was a student at Culver academy. Cashier Crocker was highly esand his popularity ran strong. teemed considered personally wealthy interHe was supposed to have large and and was He held universal confidence the ests. practically in full charge of were was here. His personal habits known bank suspicion and he is not had above have been a speculator. He into also, of the large property widow charge, of Mrs. Annie Mallory, railroad terests the former widely known M. of of that name. Jesse the contractor was also connected with now institution. Thayer He and his wife are but abroad: they planned a year's stay, their immediate return is expected. Crocker will not be buried in Chari- sisbut in Minneapolis, where his, reton, live, that having been his him. ters quest in one of the notes left by

4. November 2, 1907 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 2, 1907

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Pennsylvania directors give orders for extensive retrenchment. Men are being laid off on a number of important projects. Page 1 Burlington railroad says it will obey the railroad commission's new cream rate orders, but wants until November 4 to put them in effect. Page 3 Heirs of George Washington are fighting for the value of property covering the site of Cincinnati which was deeded to the father of the country by act of congress. Page 1 Governor Buchtel of Colorado issues pardon to Thomas Brown, implicated in an election murder at Cripple Creek. Page 1 Evidence has been found to indicate that Raymond Hitchcock has fled to Cap. ada. Page 1 Police believe they ( have uncovered scheme to steal the state's evidence in the Walsh prosecution. Page 1 A balloon released from Paris was found in Finland, thus establishing a long distance record. greater than that of Count De la Vaulx. Page 1 It is claimed that the Ute trouble has resulted through the harsh measures put in effect by the agent, Major Downs. Page 1 Twenty-one Scottish steamers have been chartered as colliers for the Pacific fieet. Page 1 Report that the steel companies are planning an agreement that will do away with competition. Page 1 Knickerbocker Trust company of New York has been taken in hand by receivers and has resumed duties as fiscal agent. Page 1 NEBRASKA. Makeup of ticket leaves one democrat candidate for regent, not endorsed by the populists, in a bad position. Ruling on retention of pension money at Soldiers' home held to be legal. Page 3 Commercial State bank of Grand Island, affected by the closing of the First National bank of Chariton, Ia., has been forced to suspend. Page 3 FOREIGN. Mutiny of the crews of the torpedo boat destroyers at Vladivostok proved a serious affair and a number of persons were killed. One boat was destroyed. Page 2 Secretary Taft finally decides to follow his original itinerary. Fage 1 Railroad servants of England decide to call a general strike. Page 1 LOCAL. Omaha banks will increase circulation by $500,000 during next few weeks and will await action of eastern banks before resuming cash payments. Page 1 Omaha receipts of barley for October almost equal receipts of previous ten months. Page 6 Lid will be down on all forms of business on Sunday, according to announcement of Chief Donahue. Page 5 District Clerk Broadwell will require payment of costs in advance in appeal cases from police court and appeals are expected to be fewer. Page 6 Commercial club will hold Missouri river improvement banquet November 11. Page 5 Utes give Captain Johnson a cordial reception and promise no trouble. Page 1 MOVEMENTS OF OCEAN STEAMSHIPS. Port

5. November 2, 1907 New-York Tribune New York, NY
Article from New-York Tribune, November 2, 1907

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SUICIDE CLOSES SECOND BANK. Grand Island, Neb., Nov. 1.-The Commercial State Bank, deposits $380,000, closed to-day. It had $50,000 in the First National Bank of Chariton, Iowa, whose cashier committed suicide yesterday. The directors feared the reserve of the Commercial would be threatened. The bank was owned in Iowa. Other local banks will assist it. A receiver probably will be appointed.

6. November 2, 1907 The Washington Times Washington, DC
Article from The Washington Times, November 2, 1907

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NEBRASKA BANK CLOSES; LOST IN IOWA DEPOSIT GRAND ISLAND, Neb., Nov. 2.-The Commercial State Bank, owned by Iowa capitalists, which has deposits of $380,000, has closed its doors. It had $50,000 deposited in the National Bank of Chariton, Iowa, whose cashier committed suicide yesterday. Local banks will give aid and a receiver will be asked for.

7. November 2, 1907 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 2, 1907

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Grand Island, Neb., Nov. 1.-The Commercial State bank of this city this morning closed its doors. Fifty thousand dollars of the funds of the bank were in the First National bank of Chariton, Ia., whose cashier committed suicide yesterday. Fearing the reserve of the Commercial would be threatened, its directors decided to close. The capital of the bank was $50,000, with a surplus of $5,000. Deposits amounted to $380,000. The bank was owned in Iowa. Other local banks will assist the Commercial, and a receiver will probably not be asked for.

8. November 3, 1907 Evening Star Washington, DC
Article from Evening Star, November 3, 1907

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BANKS AND BANKERS. SAN FRANCISCO, Cal., November 2All the banks of San Francisco opened their doors as usual today. Gov. Gillette called a conference of members of the clearing house association and leading financiers. He says that for the present the legal holiday will be continued from day to day until it is certain that no danger from a money panic exists in, this state. LINCOLN, Neb., November 2.-Secretary E. Royse of the banking board stated today that the Commercial State Bank of Grand Island is solvent and should not have closed. He believed the bank would open next Tuesday. He has been informed that $25,000 is now on the way from Chariton, Iowa, to cover half of the loan to the First National Bank of that place. B. F. Clayton of Chariton, Iowa, is president of the Grand Island bank. ST. LOUIS, Mo., November -Little blue, yellow and green slips of paper in denominations of $1. $5 and $10 were put into circulation as money today by the National Bank of Commerce, the Third National Bank and the Mechanics' American National Bank. These differed from the cashiers' checks which have been in circulation for a week in that they were made "payable to bearer," and that no indorsement or identification was required to cash them. KANSAS CITY, Mo., November 2.Half a dozen local banks today began issuing cashiers' checks in amounts of one, two, five and ten dollars, to be used in place of currency and payable to bearer. Clearing house certificates also are being used as formerly. The question of issuing cashiers' currency was considered at a meeting of the principal bankers, and it was decided to leave it to the discretion of the individual banks.

9. November 4, 1907 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 4, 1907

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LAST WORD GOES TO VOTERS Chairman Hayward Arranging to Get Prompt Returns of Result. WARM CAMPAIGN IN CUSTER Commercial Bank at Grand Island Pronounced All Right by Banking Board and will Reopen Tuesday. (From a Staff Correspondent.) LINCOLN, Nov. (Special:)-Chair manHayward has sent out letters to county workers requesting that from the various localities the vote be telephoned in just as soon as it is counted, and in return he will give the party telephoning whatever information he may have of the vote in other parts of the state. Mr Hayward hopes to have enough of the returns in before the morning after elec tion to pretty near teil just what the rewill be. this election does not publican publicans majority With will stop the right the recampaign, but the committee go ahead strengthening the party machinery so that next year the republicans will have no trouble at all in retaining the state in the republican column. Some little surprise was expressed by democrats and republicans here t oday when the World-Herald jumped on Tom Allen for not advertising W. J. Bryan's speeches to be delivered in the state. One reason given by a prominent democrat down here was that owing to the scarcity of money Tom Allen found he could not secure space in the demo-pup shee to get Bryan before the people. Lincoln democrats running for office or managing a campaign have found, so they say, that it costs money to advertise democratic candidates in the World-Herald. Tom Allen, the democratic chairman, is the brother-in-law of W. J. Bryan and holds his position by virtue of that relationship and by virtue of the hold the railroads have on the minority is the by for electing to democrats party. This explanation Allen offered this position, but they are opposed to the demopop organ saying a word against Allen, because they claim he and the WorldHerald are in the same railroad camp. Little was doing around the republican headquarters today, only a few letters came in to be answered and c few telephone messages were sent out to workers to be on the lookout for false rumors or stories which might be put in circulation by the opposition. Custer County Awake. Colonel, John J. Ryder returned this morning from Custer county, where he went to expound republican truths for the enlightenment of the people of that section of the state. Colonel Ryder found that practically every republican vote in Custer will be cast and not only will all the republicans vote for Judge Reese, but a good many democrats and populists are going to do the same thing. The great question in Custer county 13 county diand that is the the will enthuse over. vision, people only The question not bank aftuation, Mr. Ryder said, was cutting any figure out in this great commonwealth, for the people of Custer have all the money they can use. Their greatest trouble he found was in making At a sale which was held near he said every man a paid in the coin Calloway, change. purchase of who the realm made and not a single note was given. Everybody in that section of the state, it looked like, he said, had a **plant," and was paying no. attention to the banks and were not in the-least worried. Ed Hamilton, cashier of the Commercial State bank of Grand Island, which closed its doors last week. following the suicide of the cashier of the First National bank at Chariton, Ia., which held some of the Island bank's money, was in the city consultation with the It was decided was Grand today ing board. in the State wank Bankto for business as Secretary Royce, morning. reopen Hamilton usual of the that Tuesday banking board assured Mr. the examination showed the bank was solvent and never should have been closed. Mr. stated that when at was made public he Chariton Hamilton became the become affair frighthis institution should inhe did not care the his own conened chances voolved lest on and responsibility to take of the business. The Chariton is such can be tinuing funds at that condition they considered of the realized on and the bank is to have ample resources aside from this. No date has yet been fixed for the closthe big revival meeting been in here for many date 900 have ing of over progress persons announced weeks. which that has To they have been converted, The auditorium is crowded nightly. The meetings are being coonducted under the auspices of the Christian churches, assisted by the Baptist churches.

10. November 7, 1907 The Elbert County Tribune Elbert, CO
Article from The Elbert County Tribune, November 7, 1907

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implicating several other members of the council. a The Commercial State bank of Grand Island, Neb., has closed its thousand of were in the National bank's doors. funds Fifty dollars First the bank at Chariton, Iowa, which recently failed. A toy balloon released in Paris has been found in Finland. The Modern Woodmen of America have $350,000 tied up in the failure of National bank at The order is fully by Iowa. the First protected Chariton, bonds several times in excess of the sum on deposit. y A verdict for $589,000 against Joseph 8 jr., former in a suit in Ramsey, Wabash railway, president brought of finan- the New John S. a 8 cier, was recently a York by rendered Jones, by returned jury. Six indictments have been by the New York grand jury against Raymond Hitchcock, an actor, charging attacks on young girls. The accused man has disappeared. ) After blowing out the front of the occupied by the at PawKansas, the were building nee Rock, robbers bank any scared away without securing moLey. On orders from President Roosevelt Taft cut his short by a Secretary Philippines week visit in to possi- order the to reach Berlin at the earliest ble moment. The cause of the haste was not explained. American sailing vessel Arthur which left 3 with coal for the Sewall, The last Philadelphia Philippines, April off the coast and all signs Del was Fuego, wrecked point of captured to Terra the crew of 40 n.en having been and eaten by cannibals that infest that vicinity. in Chicago of repreof the larger sentatives At a meeting continue railway sys- the tems, it was agreed to homeseekers' excursions to the west. adAfter January 1 the rates will be vanced about $5. refusing The eastern railroads are shipments of grain for export. The entire tobacco crop of 1907 of pledged to the American Society 16.in Kentucky, aggregating an has been company for English Equity 000,000 pounds, $1,600,000, sold civil to war. the highest price paid since the The Iola Portland Cement company with incorporated in West Virginia is capital stock of $4,500,000 and to it a cost $2,327.50 to secure a license do business in Kansas. The government has coin in San Francisco to the amount of $343,000.Of this sum $303,000,000 is is in stored 000. in the mint and $40,000,000 the sub-treasury. The president has appointed Rosswell P. Bishop, a former representative from Michigan to membership on the Spanish treaty claims commission. Gov. Hoch of Kansas has granted a to Emmett Dalton. the Coffey- has pardon Kan., bank robber who in served ville, 15 years of a life sentence the penitentiary. J. I. Sheppard, secretary of the Trackmen's union, has filed a petition that Gov. Hoch of Kansas asking with be taken to secue the railroad proper steps repair of the Missouri Pacific tracks in the state. beer tax collected in Missouri during The the month of October amounted to $38,400.70. The emperor of Japan has celebrated his fifty-fifth birthday. violent earthquake at SamaraA Asiatic Russia, did comparative- inhabitants cand, ly little damage, but the became panic stricken. railroad men of Great Britain have The voted 76,925 for and 8,773 against calling a strike. enlisted men of the North AtThe fleet are to present a handsome Helen lantic loving cup valued at $2,000 to M. Gould in the near future. the entire town of Karatagh, destroyNearly Turkestan, has been estimated Russian by a landslide. It is lives. that ed 1,500 persons lost their Members of the Southwestern Traf- hold Association of Railroads will a fic 37th anniversary on board steamship their in the Gulf of Mexico. German emperor and empress, The it is said. the imperial chancellor. visit and von Buelow, will pay a of Prince state to England during November. 70 fast passenger train going with a A an hour collided head-on Ga., miles train near Morganville, two freight men being killed and 26 injured. new Cunard liner. the Maure- recThe is slightly larger than the buildtania, ord-breaking Lusitania and the records expect her to break all of ers trans-Atlantic voyages. Bell, a member of the statement British Mr. has made the employed f parliament, there are 100,000 men Kingon dam the who receive less than $5 a that railroads of the United week.

11. November 7, 1907 Heppner Gazette Heppner, OR
Article from Heppner Gazette, November 7, 1907

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RESUME OF THE WEEK'S DOINGS General Review of Important Happenings Presented in a Brief and Comprehensive Manner for Busy Readers-National, Political, Historical and Commercial. The population of London is over seven million. America is proving the promised land of the Jews. Governor Hoch, of Kansas, is said to awant to fill Senator Long's place. The Russian prison system is said to be a practical joke by leading bureaucrats. Colorado has taken steps against the companies in the coal combination with the hope that the price of fuel may be redued. Harriman is reported to have purchased the Georgia Central railway which will give him another outlet to the Atlantic. New York banks have impaired the government cash reserve, but no alarm is felt, as foreign gold en route to this country will make the shortage good. Enrique Creel, ambasador from Mexico to the United States, has been elected governor of Chihuahua, but it is believed he will continue his ambassadorship. San Jose del Cabo, at the mouth of the Gulf of California, has been destroyed by wind and a cloudburst. Sixteen persons were killed and the entire population is destitute. Pope Leo is reported to be seriously ill. The Commercial State bank, of Grand Island, Neb., has cloed its doors. Finland has passed a bill prohibiting n the manufacture or importation of alcohol. e Parts of India are threatened with O b a famine, having experienced the worst drouth since 1896. 1 t Reliable reports from Karatagh, Rusb sian Turkestan, say but 300 persons a met death in the recent disaster. S General Booth, of the Salvation Army, has arrived in New York from c England and was given a great recepco tion. e S British railroad employes have voted na for a general strike and there seems little likelihood of a settlement being reached. The governors of Georgia, Alabama and North Carolina have united to C force the railways to obey new laws passed in those states. It is announced that 21 steamers W have been chartered to bring coal and cl other supplies from Scotland for the de American fleet which is to visit the W Pacific. as in Oklahoma banks will reopen November 4. CO re A third death from plague has OCth curred at Seattle. T le Montana banks are doing business cl under normal conditions. m Hostile Navajo Indians have been ex killed or captured in Southern Utah. E be William D. Haywood will most probba ably be the Socialist candidate for president. se he California banks are almost all ig. noring the holiday proclaimed by the in governor. ti The Great Northern and Northern CO to Pacific railroads will not suspend construction. or in A bank cashier at Charlton, Ind., th .eft a message saying the bank was va wrecked and committed suricide. 00 The Lonisiana legislature has been called in extra session to pass laws governing public service corporations. Ur The Rock Ilsand railroad has laid off ha every construction crew on account of sea approaching winter, the officials say. pa Two arrests have been made in Chiwi cago for stealing records in the case of cot John R. Walsh, wrecker of the Milfro waukee avenue bank. wi sea New York banks are furnishing monpa ey to move crops. pos The Union Pacific has stopped much wa construction work. wa Nebraska officials have severely snubbed the Japanese consul. Forty eailors have been devoured by canibals near Cape Horn. rel The German imperial bank has raisgen ten ed the discount rate to check gold exports. the abl Many of the large banks in different pre part of the country are absorbing the les smaller ones. the Immense crop exports from the Unit wh ed States will force imports of foreign the stringency dea

12. November 9, 1907 The Idaho Springs Siftings-News Idaho Springs, CO
Article from The Idaho Springs Siftings-News, November 9, 1907

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Miscellaneous. Three Americans and 20 Filipinos were injured recently by the collapse of the new railroad bridge over the Pasig river near Fort McKinley, in the Philippines The Central Life Insurance company of Fort Scott, Kansas, has been barred from doing business in Texas. A special session of the Louisiana legislature has been called to consider regulation of railroads and other corporations. Mrs. Katie Cathors, of Wichita, Kan., who was recently swindled out of $10,000 by Sylvester Harrison of that city, has becomo insane from brooding over her loss. Federal Judge Pollock, of Topeka, Kansas, has decided that he had no jurisdiction to interfere with the prosecution of theatrical people who vio lated the Sunday closing law at Kansas City, although he took occasion to criticise the criminal judge for enforcing the law. A replica of the famous Turnbull sun dial at Corpus Christi college, Oxford, England, has Been presented to Princeton university by Sir William Mather, M. P. Small investors are flooding Wall street with orders for low priced stocks. The orders are for from one to 25 shares and are purchased outright for cash. After indictment for grafting by the grand jury, Councilman George C. Linde, of St. Louis, made a confession implicating several other members of the council. The Commercial State bank of Grand Island, Neb., has closed its doors. Fifty thousand dollars of the bank's funds were in the First National bank at Chariton, Iowa, which recently failed. The German emperor and empress, and it is said. the imperial chancellor, Prince von Buelow. will pay a visit of state to England during November. A violent earthquake at Samaracand, Asiatic Russia, did comparative ly little damage, but the inhabitants became panic stricken. Etta L. McLean. a stenographer in the federal building in Chicago has been arrested in company with A. B. Gordee, a printer. charged with stealing important papers in connection with the prosecution o. John R. Walsh for the misappropriation of funds of the Chicago National bank. A toy balloon released in Paris has been found in Finland. The Modern Woodmen of America have $350,000 tied up in the failure of the First National bank at Chariton, Iowa. The order is fully protected by Bonds several times in excess of the sum on deposit. A verdict for $589,000 against Joseph Ramsey. jr., former president of the Wabash railway. in a suit brought in New York by John S. Jones, a financler, was recently rendered by a jury. The eastern railroads are refusing shipments of grain for export. Nearly the entire town of Karatagh, Russian Turkestan, has been destroyed by a landslide. It is estimated that 1,500 persons lost their lives. Members of the Southwestern Traffic Association of Railroads will hold their 37th anniversary on board a steamship in the Gulf of Mexico. The beer tax collected in Missouri during the month of October amounted to $38,400.70. A destructive wind storm recently visited Galveston, Texas. demolishing a number of residences and injuring several persons. A fast passenger train going 70 miles an hour collided head-on with a freight train near Morganville, Ga., two men being killed and 26 injured. The enlisted men of the North Atlantic fleet are to present a handsome loving cup valued at $2,000 to Helen M. Gould in the near future. I

13. November 22, 1907 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 22, 1907

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DEPOSITS EXCEED WITHDRAWALS Commercial State Bank at Grand Island Resumes Business. GRAND ISLAND, Neb., Nov. 21.-(Speetal Telegram.)-The Commercial State bank opened this morning, as announced. At 1 o'clock officers stated that instead of even a semblance of a run, the deposits were greater than the withdrawal

14. November 22, 1907 The Norfolk Weekly News-Journal Norfolk, NE
Article from The Norfolk Weekly News-Journal, November 22, 1907

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Grand Island Bank Reopens. Grand Island, Neb., Nov. 21.-Spe cial to The News: The Commercial State bank of Grand Island, which has been closed for some weeks, opened today. At 1 o'clock this afternoon it was learned from officials of the bank that instead of the resumption of business being marked with ever a semblance of a run there were greater deposits than withdrawals. The Commercial State bank closed its doors as a result of its affairs being involved in the suspension of an Iowa bank. An examination found the affairs of the Grand Island bank perfectly solvent and it was stated that there had been no real necessity for the bank closing its doors. Since it closed, the bank has received $25,000 of the $50,000 deposited in the First National bank at Chariton, Iowa, which failed.