14912. Brotherhood of Railway Clerks National Bank (Cincinnati, OH)

View Charter #12446 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
12446
Charter Number
12446
Start Date
June 24, 1930
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
006c14fa0cd20b50

Response Measures

Public signal of financial health, Capital injected, Full suspension, Books examined

Receivership Details

Date receivership started
1930-06-26
Date receivership terminated
1930-07-02
OCC cause of failure
Other

Description

Contemporary articles report a depositor run (≈$1,000,000 withdrawn) culminating June 26, 1930; directors closed the bank and assets were placed with the Comptroller/receiver. The bank was sold and reopened July 5, 1930 as a branch of Central Trust Co. Cause traced to A.W. Shafer's check-kiting/forged Cities Service securities (bank-specific fraud) which triggered withdrawals and rumor. Dates corrected/standardized from newspaper publication dates.

Events (7)
1. September 29, 1923 Chartered
Source
historical_nic
2. June 24, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Withdrawals triggered by revelations of A.W. Shafer's check-kiting and forged Cities Service securities connected to the bank; resignations of officials amplified depositor alarm.
Measures
Directors met the emergency, accepted resignations of officers; attempted to shore up reserves but ultimately closed to protect depositors.
Newspaper Excerpt
depositors withdrew over $1,000,000...culminated in the heavy withdrawal of $1,000,000 in the last three days.
Source
newspapers
3. June 26, 1930 Receivership
Source
historical_nic
4. June 26, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board voluntarily closed the bank after heavy withdrawals induced by the Shafer check-kiting scandal and resulting loss/forged collateral exposure; receiver appointed by Comptroller thereafter.
Newspaper Excerpt
failed to open for business today...board of directors closed the Brotherhood bank...assets were placed in the hands of the comptroller of the currency for liquidation.
Source
newspapers
5. July 2, 1930 Restored To Solvency
Source
historical_nic
6. July 5, 1930 Reopening
Newspaper Excerpt
was reopened today as a branch of the Central Trust Co....The receivership has been lifted and acquisition authorized by Pole, comptroller of currency. (reopening as branch reported July 5). CINCINNATI, Ohio, July 5.-The Brotherhood ... was reopened today as a branch of the Central Trust Co.
Source
newspapers
7. August 22, 1930 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. June 26, 1930 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 26, 1930

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BROTHERHOOD BANK CLOSES IN OHIO Run on Institution Follows Sudden Change in Official Personnel Cincinnati, June 26.-(P)-The Brotherhood of Railway clerks National bank failed to open for business today. William Taylor, Cleveland, federal bank examiner, recently completed an audit of the Brotherhood Bank and on last Monday two changes were made in the official personnel of the bank shortly after directors said the institution was in sound condition. Michael G. Heintz was named vice president succeeding Lyman Norris, resigned, and William L. Luebbe, was appointed assistant cashier in place of Harry Rosenblum, who also resigned. Closing of the Brotherhood bank came 16 days after another Cincinnati bank, the Cosmopolitan bank and Trust company, was forced to close on account of the $1,000,000 peculations of A. W. Shafer, former district manager of the H. L. Doherty company. Deposits at the bank were said to total $4,800,000. After the change in officials was made Monday, the board of directors said, depositors withdrew over $1,000,000.

2. June 26, 1930 Cumberland Evening Times Cumberland, MD
Article from Cumberland Evening Times, June 26, 1930

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(Continued from page Democratic leader, had eliminated himself from nitely would accept the and which was urged upon understood he could amount time devote the duties were elected. Fuller Barnard, of Cumberland, candidate for the announced the News, he thought, to withdraw from the be persuaded the candidate is settled when upon the normally Republican, and Mr. Lewis was Zihlman by 10,000 feated by Mr. in the Hoover votes years ago landslide. Dennis For Treasurer Baltimore, June times state to friends make fight for his mination election to the post, learned today. No formal announcement position not elecpected, for the but selected the caucus the party legislature when the and elected joint meets, the Senate and House of To Have Opposition For the first real opposition. Part this according from banking reports, who candidates stitutions, own. Among aspirants are Charles possible president of the international league; M. vice president the Company. and Donald Symwas that Another report William Casey, organizer the committee efficiency is being groomed the lately its doors in 1923. Many said the bank. Figures Last Statement issued March bank's capital stock surplus undivided profits Deposits that date $4,740,281. sum $400,000 been made against contingent liability The loans discounts amounted Among the assets bonds and securities estimated worth $1,803,743. Total resources were given The book value of the stock was listed at share. National bank examiners Shafer account the Brotherhood Bank but did not close whether large small district attorney said he lieved the bank should pay out Nelson Schwab, Hamilton county later mating by leged forged had made Shafer by the Bank. said his him to volved in Shafer's peculations. Receiver Named Washington, June 26 Pole, the currency. appointed Ira Fulton, national bank for the Brotherhood Railway Clerks Bank which closed its doors in CinFulton will take immediate charge.

3. June 26, 1930 The Kokomo Tribune Kokomo, IN
Article from The Kokomo Tribune, June 26, 1930

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RAILWAY BROTHERHOOD BANK AT CINCINNATI IS CLOSED Cincinnati, O., June 26 (AP)-The Brotherhood of Railway Clerks National bank, the majority of whose stock is owned by 120,000 members of the Brotherhood of Railway and Steamship clerks, Freight Handlers and Station Employes, was closed today after $1,000,000 in deposits had been withdrawn following the resignation of two bank officials three days ago. Rumors of difficulties were reported at the bank shortly after the Cosmopoli Bank and Trust company closed sixteen days ago. The latter institution was closed as a result of the $1,000,000 peculations of A. W. Shafer, discharged district manager of the Henry L. Doherty company. Shafer a Borrower United States District Attorney Haveth E. Mau said an account Shafer carried in the brotherhood bank had been under investigation for two weeks. Shafer was found to be short $623,000 in his accounts with the Cosmopolitan bank but federal bank examiners would not disclose the size of his account with the brotherhood bank. Mau said Shafer's collateral with the brotherhood bank consisted of Cities Service stock certificates which bore forged indorsements. The board of directors closed the brotherhood bank following a slight run which existed for D. week, and culminated in the heavy withdrawal of $1,000,000 in the last three days. Assets were placed in the hands of the comptroller of the currency of the United States for liquidation. Change of Officials. Last Monday, after issuing statement that the bank was In sound condition, directors said two officers had resigned. Lyman Norris was succeeded by Michael G. Heintz, as vice president and Harry Rosenblum resigned as assistant cashier. He was succeeded by William L. Nelson Schwab, Hamilton county prosecutor later said loans approximating $225,000 and secured by alleged forged securities had been made to Shafer by the brotherhood bank. The prosecutor said his investigation led him to believe that no other Cincinnati bank was involved in Shafer's peculations. Deposits Nearly $5,000,000 Deposits at the bank were said to total $4,800,000, and after the change in officials was made Monday the board of directors said depositors withdrew over $1,000,000. The unusually heavy withdrawal was the reason given by the directors for closing the bank. They said they voted to shut down the bank and place the assets in the hands of the comptroller of currency for liquidation. U. S. District Attorney Haveth E. Mau said that Taylor and I. J. Fulton, another Cleveland National bank examiner, had been in conference with his concerning the affairs of the bank for nearly two weeks. The board of directors announced J. J. Castillini had been removed as president at the same time Rosenblum and Norris were asked, to resign. Many Union Depositors The majority of the bank's stock is owned by the Brotherhood of Rallway and Steamship Clerks, Freight Handlers, Express and Station employes, of which there are 120,000 members in the United States. The bank was established at a convention of the brotherhood held at Dallas, Texas, in 1922. The local building was constructed immediately and opened its doors in 1923. Many labor unions were said to have deposits in the bank. Fulton Receiver. Washington, June 26 (AP)-J. W. Pole, comptroller of the currency, appointed Ira Fulton, a national bank examiner, today as receiv :r for the Brotherhood of Railway Clerks bank which closed its doors in Cincinnati. Fulton will take immediate charge.

4. June 26, 1930 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, June 26, 1930

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80 Killed in Bolivian Revolt Women and Children Mowed by PoliceCorpses Paraded. ARICA, Chile, June 26. (AP) The conductor of the international train arriving from La Paz last night said that a grave disturbance had occurred in the Belivian capital Sunday, and that 80 persons had been killed, of whom 17 were students. Strictest censorship prevails. Travelers arriving here from Bolivia today said that police in La bers of meeting of workers and students Sunday. Among the dead were said to have been women and children. The demonstrators took the corpses and afterwards exhibited them in the streets. The travelers said the city was tense when they left and It was feared further trouble would occur when the victim's bodies were buried. RUN ON BANK CLOSES DOORS CINCINNATI Ohio, June 26. (P)The Brotherhood of Railway Clerks National bank. the majority of whose stock owned by 120,000 members of the of Railway and Steamship Clerks, freight handlers and station employees, closed today after in deposits had drawn following the resignation of two bank officials three days ago.

5. June 27, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, June 27, 1930

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FORMER OFFICIALS HELD In Brotherhood Bank Misapplied, Is Charge. As an aftermath of the closing yesterday morning by Federal banking examiners of the Brotherhood Railway Clerks' National Bank. Court and Vine Lyman E. Norris, 38 years old, 7075 Ridge Avenue, until few days ago Executive Vice President of the bank, and Harry Rosenbloom, 28 years old, 3870 Marburg Avenue, former Cashier, were rested under Federal warrant charging them with having conspired together and with others misapply the funds of the in violation the banking laws and with on February $10,000 of the funds the bank from the sale 10 bonds of the Cities Service Corporation. The arrests were made by George Reeves, United States Marshal: John Theobald, United States Marshal, and B. Martin, Special Agent of the Department Justice, Cincinnati. Each man was arrested his home. The father of Rosenbloom accompanied his Mrs. Norris came to the Federal Building with her husband. At the Federal Building they were joined by Charles Elston. had been summoned by telephone, and the party then went before August Siemon, United States Commissioner, for arraignment. Haveth E. Mau, United States District Attorney. appeared for the GovAfter the two defendants had entered their pleas of not guilty, he requested the Commissioner to fix their bonds at $25,000 each. Attorney Elston objected to the size of the bonds, stating the charge only involved $10,000. Mau responded that could bring dozen more against each the defendants and could insist bonds of $100.000. fixed the State Court as the bond of Amor W. Shafer, Former Manager the Cincinnati branch Henry Doherty brokerage who is held connection with the failure of the Cosmopolitan Bank and Trust Company, Fifth and Walnut Streets, which closed its doors recently, and is said to be largely responsible for the closing of the Brotherhood Bank. Appeal to Commissioner Siemon not fix such high bond was without the Commissioner stating that in his opinion high bond should be fixed by the Court, notwithstanding the had left the city between the they severed their with the bank and the time their arrest. He then set the hearing for July This the request District Mau, and, it is expected Attorney that the Federal Grand will be called by Robert Jury United States District Judge, to make an investigation of the case and return indictments. It intimated these indictments may include two or more other persons, the investigations of Department of Justice Agents and bank accountants bear out suspicions now entertained by the national bank examiners and by state officers whose investigations of the affair of the Brotherhood Bank had extended over the period since the failure of the Cosmopolitan Bank. For the remainder of the after- noon until o'clock night, Norris their relatives attorneys obtain At that hour, still unable to obtain the men taken Hamilton County Jail by Marshal Reeves. Further efforts for bond will made by them today, asserted, and may be that application will made to Judge Nevin for orders reducing the bonds. In the warrant which was issued Commissioner Siemon upon fidavit of H. Hollis, chief of the Cincinnati branch of the Department of Justice Special Agents' Service furtheO,r charged that the two defendants "did unlawfully, knowingly, wilfully and feloniously conspire, combine, and agree together, with the other, and with divers other Or persons, to commit divers offense against the United States, violate Section United States Revised amended, now Section 592 of Title of the United States Code, commonly referred to the National Banking Act; that said fendants did unlawfully, knowingly, wilfully and feloniously conspire, comspire, confederate and agree together, each with the other, and divers other persons unknown, terday. fully misapply moneys, funds and credits of the Brotherhood of Railway Clerks National Bank Cincinnati, Ohio, the said the Brotherhood of Railway Clerks National Bank of Cincinnati, being bank organized and chartered under the banking laws of the United States, and being member of Federal ReSystem, and the said Lyman Norris, being then and there an employee and officer of said bank. Vice President, and the said Harry being an and officer said bank, cashier; they the said defendants, intending liquid then and there and thereby to injure and said the Railway Clerks National Bank of Cincinnati, Ohio. OVERT ACT. "And the said defendants in furtherance of said unlawful com- confederation and spiracy, the and purposes the same, did commit the that say, said Lyman Norris and said Harry about February 10th. 1930, unlawfully misapplied certain moneys, funds and credits of the said the Brotherhood of Railway Clerks National Bank Cincinnati, Ohio, to-wit, the sum approximately Ten Thousand ($10,000.00) Dollars received from the of approximately Ten (10) Bonds of the Cities Service Corporation. more complete description of which said bonds are unknown."

6. June 27, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, June 27, 1930

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DRAINS On Deposits Serve To Make Closing An Advisable Step. Two Former Officials Arrested On Charges Conspiring To Misapply Funds Of Institution Action Of Directors Follows Runs Induced By Exaggerated Rumors-Receiver Appointed. Exaggerated and incorrect rumors regarding its condition forced the closing of the Brotherhood of Railway Clerks National Bank, Court and Vine Streets, yesterday morning, despite the fact that national bank examiners previously had found that the bank itself actually was solvent. Heavy withdrawals by depositors, alarmed by the city-wide undercurrent of rumor regarding this particular bank, and possibility that the withdrawals would continue in volume, forced this action upon the DIrectors three days after they had effectually met the emergency which had given rise to the rumors. It was case, officials said, of bank bridging serious situation completely and then being compelled quit business because of wave of hysteria among depositors not aware of the facts of the situation. Bank Is Solvent. That the bank actually is in sound condition financially was indicated by the statement of representative of the bank yesterday. Although the emergency met by the Directors arose through the stock manipulations of Amor W. Shafer, former district sales manager of Henry L. Doherty Co., which already had forced the closing of the Cosmopolitan Bank, Fifth and Walnut Streets, it was said that the situation at the Brotherhood Bank was entirely different from that at the Cosmopolitan Bank. "Kited" checks and drafts brought about the closing of the Cosmopolitan. The situation at the Brotherhood Bank developed through the bank's guarantee of indorsement of signatures of stockholders of the Cities Service Company on certificates handled through that bank by Shafer and afterward. it is alleged, found to have been forged. Not To Exceed $517,000. Last night was said that the maximum liability of the bank, even if all the Shafer certificates turn out to be forgeries, could not exceed $517,000. Against this the bank had set up $650,000, with $600,000 more available if needed. making total of well over $1,000,000 available to meet this liability. This was more than double the amount needed to insure the bank against any loss whatever through the stock transactions, it was said. This phase of the situation was arranged last Monday. Then began the rumors which sent hundreds of depositors to the bank Tuesday and Wednesday, with possibility that the "run" would continue indefinitely. So heavy were these withdrawals that the bank anticipated difficulty in raising immediate cash to meet all of them, due to the fact that much of its funds, in common with all banks, was loaned and could not be regained until the loans became due. Two Are Arrested. Numerous conferences were held by the Directors, the national bank examiners and other bankers, in an attempt to straighten out the situation. These conferences brought about the/resignations three officials of the bank and the arrest yesterday of two of them on charges of conspiracy in misapplying funds of national bank. The two arrested were Lyman E. Norris, 38 years old, Executive Vice President of the bank until few days ago, and Harry Rosenblum, 28 years old, Cashier until the same time. Officials said the two men had admitted dealings with Shafer in which they had made personal profits of $60,000 in the last few months, in connection with his stock transactions through the bank. Morris and Rosenblum were arrested by United States Deputy Marshals on warrants sworn to by Haveth E. Mau, United States District Attorney. When arraigned before United States Commissioner A. Siemon they pleaded not guilty. Mau asked that their bonds be set at $25,000 each. Although the specific charge was the misapplication of $10,000, it was said that several similar charges could be filed. Commissioner Siemon set their bonds at that amount and fixed their hearing for July 26. Morris gave his address as 7075 Ridgeway Avenue, and Rosenblum his address as 3870 Marburg Avenue. While District Attorney Mau was promising of the special grand jury to investigate the case within the next weeks, it was learned that Shafer's transactions with the Cities Service stocks had under way since last November,

7. June 27, 1930 The Arizona Republic Phoenix, AZ
Article from The Arizona Republic, June 27, 1930

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Large Labor Bank Closes In Cincinnati June One labor the of Railway Clerks National bank. closed today. check opera tions Shafer lations the Bank and Trust company to close 16 per cent of the Brotherhood by 122,000 United members of the of and Freight Handiers Station The Brotherhood bank board of directors voluntarily closed institution after depositors withdrew the The the of three high bank last Mon day. Two former officials, Lyman E. Rosenblum. cashier, were arrested warrants E. United charged conspiracy to late the national banking act. They pleaded not guilty and were held under $25,000 bond each. Federal officials expressed belief the bank would and turned liquidation comptroller of the currency of the United States. slight run existed at the bank since the Cosmopolitan that former manager the Doherty company, Cities securities was short $623,000 in with the bank. Brotherhood bank had deposits of total stock $400,000. surplus and undivided profits of $65,958. citizens of Arizona to test the leSenator Democrat, Navada, the regard to the appropriation is legal $10,660,000 appropriation is for the purpose beginning on the Boulder dam project: has nothing do with the can canal," Pittman said "That leaves just thing be decided -has the Boulder dam been complied Stressing language of the act requiring interior secretary to complete contracts "adequate in his judgment for the return of the money expended by federal government.' Pittman recalled Arizona questioned the legality and that, in order to avoid question, secretary entered into supplemental contract in which the Los Angeles power and water bureau expressly obligated itself to meet the obligation. The question the bureau authorized to enter that contract.

8. June 27, 1930 The Jersey Journal Jersey City, NJ
Article from The Jersey Journal, June 27, 1930

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CINCINNATI BANK OFFICERS ARRESTED Closing of Brotherhood Bank Caused by Check Kiting. CINCINNATI, O. second Cincinnati bank was closed and two of its former arrest day result of the alleged dollar kiting of W. Shafer, district manager for the Henry failure of the of Railway National Bank to open yesterday by the arrest Lyman E. former dent, and Harry cashier, on charges of conspiracy violate the national banking They were held today default of $25,000 bond each after they entered pleas of not guilty. Norris, Rosenblum and Joseph Castellini, president, were removed by the Monday United States District Attorney Haveth E. Mau said alleged the direct cause of Shafer, Mau said, had Service lateral this amount $375,000, that Norris Rosenblum. The bank came under the scrutiny Federal investigators June 10, when was learned the bank carried on account for Shafer. On that day the Cosmopolitan Bank and Trust Company of an alleged of $623,000 in account and Shafer on charge more than from the Doherty Company, of the three officials the bank withdraw. al depositors although statement issued saying the stitution good condition. Directors said closing bank the best way to protect investigators every obligation probably would met. Provident Savings Bank and Trust Company heavy yesterday. but kept open satisfy State Director of Edward D. Schorr involved by Shafer and the Cincinnati Clearing promised support all the rest of the county's The Brotherhood Bank established in 1923 by of Railway and Clerks of the stock owned by members of the union, was capitalized at deposits of 000 and total resources of $5,659,363.

9. June 27, 1930 Lansing State Journal Lansing, MI
Article from Lansing State Journal, June 27, 1930

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BANKS CLOSED BY SHAFER DEALS Explesion Two Men Are Held for Viola. tions after Institution Fails to Open Doors HUGE RUN IS STOPPED Examiners Promise Depositors Will Be Paid When Books Are Straightened CINCINNATI, O., June 27 (P)-A second Cincinnati bank closed two of its former officers were under arrest Friday result the alleged million dollar check kiting operations of Shafer, discharged district manager for the Henry L. Doherty The failure of the Brotherhood of Railway Clerks National to Thursday was followed by the arrests of Lyman former vice ident, and Harry former cashier. charges of conspiracy to violate the act. They were held in default of $25,000 they entered pleas of not guilty. Had Been Removed Norris, Rosenblum and Joseph Castellini, president, were removed by the Monday. United States District Attorney Haveth E. Mau said Shafer's alleged manipulations were direct cause the bank's closing. Shafer, Mau said, Service forged It this to to between $375,000, that involved Norris and The bank came under the scrutiny of investigators June when was the bank carried an account for Shafer. On that day the Bank and Trust company also alleged shortage of $623,000 in Shaaccount and Shafer arrested charge of more than the Doherty company, his Million Withdrawn The removal of the three officials of bank also resulted in withdrawal of $1,000,000 by depositors although statement was issued saying the institution good Directors said closing of the bank was the best and investigators said every obligation probably would Providence Savings Bank and study of Trust company experienced heavy but Chicago law kept open time to satisfy depositors. State Director of Commerce Edward D. Schorr announced no other banks her were involved by Shafer and the Cin- son Raymond. cinnati Clearing House promised support all the rest of the banks. The brotherhood bank established in 1923 by the of STATE OF Railway and Clerks and 51 matter per cent of the stock was owned by state members of the union. was capitalized at and had deposits of $4,800,000 and total resources of $5,659,363.

10. June 27, 1930 The Richmond Item Richmond, IN
Article from The Richmond Item, June 27, 1930

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LABOR BANK AT CINCINNATI IS SHUT IN CRASH Shafer's Check Kiting Blamed For Two Institutions' Closing CINCINNATI O., June The Brotherhood of Railway Clerks' National bank, one of the country's largest labor banks, failed to open for business today. Haveth E. Mau. United States district attorney, said the bank's closing was direct result of the $1,000,000 check kiting operations of A. W. Shafer, who under indictment for having embezzled $210,162.50 of his term's money and charged with having caused the closing of the Cosmopolitan Bank and Trust company 16 days ago by his alleged speculations. Fifty-one per cent of the Brotherhood stock was owned by 122,000 United States and Canadian members of the Brotherhood of Railway and Steamship Clerks, Freight Handlers and Station employes. The Brotherhood bank board of directors voluntarily closed the institution after depositors withdrew 31,000,000 in the last three days. The run followed the resignation of three high bank officials last Monday. Two of those officials, Lyman E Norris, vice president, and Harry Rosenblum, cashier, were arrested on warrants sworn by United States District Attorney Harveth E. Mau. which charged conspiracy to violate the national banking act. They pleaded not guilty and were held under $25,000 bond each. Federal and county officials expressed belief that the bank would probably fully meet \every obligation and that the assets were turned over for liquidation to the comptroller of the currency of the Unied States A slight run existed at the bank since June 10. directors said. That was the date the Cosmopolitan locked its doors upon disclosure that Shafer, former manager of the H L. Doherty company, City Service securities dealers, was short $623,000 in his accounts with the bank. Mau said Shafer had deposited Cities Service collateral bearing forged indorsements with the Brotherhood bank. The exact amount was not disclosed but was reported to run from $225,000 to $375,000. Shafer idmitted ten days ago that he lost the money gambling in the stock market trying to recoup $700,000 fortune lost in the market crash last fall.

11. June 27, 1930 The Star Press Muncie, IN
Article from The Star Press, June 27, 1930

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FAILS TO OPEN Labor Institution Loses Million in Deposits. Cincinnati. June Brotherhood of Railway Clerks National Bank, of the country largest labfailed to open for business today. Haveth Mau. United States district said the bank's closing direct result of the check kiting operations of W. Shafer, who under indictment having embezzled his charged the CosmoTrust teen ago by his alleged speculations. Workers Owned Stock per cent of the brotherstock owned 122,000 United members Clerks, Freight Handlers and Station board directors closed institution after depositors withdrew three days. run the resignation of three high bank officials last those officials Norris, and Harry rants, which conspiracy violate the national banking They pleaded not guilty held unbond Federal and county officials pressed belief that the bank would probably fully meet every obligation and that the turned for liquidation comptroller the the United Indorsements Forged. slight existed the bank June directors That the date the Cosmopolitan locked doors upon disclosure that Shafer former the Doherty City in his accounts the bank Shafer had deposited Cities forged exact amount disclosed to to Shafer admitted Continued Sixth Page.

12. June 27, 1930 The Morning Call Allentown, PA
Article from The Morning Call, June 27, 1930

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THROUGH Brotherhood of Railway Clerks Institution Also Suffers Million Dollar Run Cincinnati, O., June 26. Brotherhood of Railway Clerks National bank, of the country's largest labor banks, failed to open for busitoday. Haveth Mau. United States district attorney, said the bank's closing was direct result of the check kiting W. Shafer, who under indictment for having emof his firm's money and having the Trust sixteen days ago by alleged per of the brotherhood owned United States and members of the Railway clerks, freight handlers station The brotherhod bank board of direcclosed after depositors withdrew three run followed of three high bank offiformer officials. Liman vice president, Harry arrested warrants by United States District Haveth which charged conspiracy violate the naThey pleaded were held under $25,000 county officials expressed probably would fully obligation that the were turned for liquidathe of the currency States. the run existed the bank since June directors be locked its upon that Shafer, former manager of the Doherty dealers, ing $623,000 in his account with the Mau Shafer had deposited Cities Service forged with exact was not disclosed was reported run from $225,000 besides short the bank, that more admitted ten that he lost money gambling recoup $700,000 fortune lost in the market bank had deposits total capital stock and profits of $65,958.

13. June 27, 1930 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, June 27, 1930

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CINCINNATI BANK CLOSING TRACED TO SHAFER CASE Two Former Officials Are Arrested on United States Charges CINCINNATI O. June 27 (AP) -^ second Cincinnati bank was closed and two of Its officers were under arrest today as a result of the alleged million dollar check kiting operations of A. W. Shafer discharged district manager for the Henry L. Doheny company. The failure of the Brotherhood of Railway Clerks National bank to open yesterday was followed by the arrests of Lyman E. Norris, former vice president. and Harry Rosenblum, former cashier, on charges of conspiracy to violate the national banking act. They were held today in default of $25,000 bond each set after they entered pleas of not Norris, Rosenblum and Joseph J. by the directors Monday FAKE INDORSEMENTS United States District Attorney leged manipulations were the direct cause of the bank's closing. Shafer. ported to amount between 000 and $375,000 that involved Morris and The Brotherbood bank came under the scrutiny of federal investiwaters June 10 when it was learned the bank carried an account for Shafer On that day the Cosmopoll. tan Bank & Trust company closed because of an alleged shortage of $628,000 In Shafer's account and Shafer was arreated on a. charge of embezaling more than $210.000 from the Doherty company, his for. mer The removal of the three officials of the bank also resulted in withdrawal of $1,000,000 by depositors. although a statement was Issued saying the institution was in good condition. Directors said closing the bank was the best way to protect depositors and Investigators said every obligation probably would be HAS HEAVY RUN The Provident Savings Bank & Trust company also experienced heavy run yesterday but kept open overtime to satisfy depositors. State Director of Commerce Edward D. Schorr announced no other banks were involved by Shafer and the Cincinnati Clearing House associa. tion promised support of all the rest of the county's banks. The Brotherhood bank was established in 1923 by the Brotherhood of Railway and Steamship Clerks and 81 per cent of the stock was owned by members of the union. It was capitalized at $400,000 and had deposits of $4,800,000 and total re-

14. June 27, 1930 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, June 27, 1930

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BIG LABOR BANK CLOSES DOORS Cincinnati Institution Suffers Through A. W. Shafer's Kiting Operations. $1,000,000 IN 3 DAYS Heavy Withdrawals by Depossources of $5,600,000. of the country's labor banks, the Brotherhood of Railway Clerks National bank, closed today direct result of the $1,000,000 check kiting operations of A. W. Shafer, whose peculations also forced the Cosmopolitan Bank and Trust company to close 16 days ago. per cent of the Broth. erhood stock was owned by 122,000 United States and Canadian memhers of the Brotherhood of Railway and Steamship Clerks, Freight Handiers and Station Employees. The Brotherhood bank board of directors voluntarily closed the in. stitution after depositors withdrew in the last three days. The run the resignat of three high bank officials last Monday Two of those former officials, Lyman E. Norris, vice president, arrested on warrants sworn by fed. eral District Attorney H. E. Mau. charged conspiracy to violate the national banking act. They pleaded not guilty and were held under $25,000 bond each. Likely to Pay in Full. Federal and county officials expressed beltef the bank would probably fully meet every obliga. tion. The assets were turned over for liquidation to the comptroller of the currency of the United slight run existed at the bank since June 10. directors said, That was the date the Cosmopolitan Jocked its doors upon disclosure that Shafer. former manager of the H. L. Doherty company, Cities Service securities dealers, was short $623,000 in his account with the bank. Mau said Shafer had deposited Cities collateral bearing forged indorsements with the Brotherhod bank The exact amount was not disclosed but was reported to run from $225,000 to $875,000. Due to Stock Gambling. 000 with the Cosmopolitan bank, was short that more with the Doherty He admitted 10 days ago he lost the money gam. bling in the market to recoup $700,000 fortune lost in the market crash last fall. The Brotherhood bank had deposits of $4,800,000. total of $5,659,363, capital stock of $400.surplus of $100,000 and undivided profits of $65,958. Despite the forged signatures on Shafer's colInteral with the bank. the institution was said by directors to be In sound condition in report issued Monday. Canadian Vanishes on ship. SAN FRANCISCO, June 26. disappeared Tuesday from the steamer H. F. Alexander while ship was en route here from Seattle. company officials reported on the ship's arrival in port today.

15. June 27, 1930 The News and Observer Raleigh, NC
Article from The News and Observer, June 27, 1930

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CLOSE DOORS OF BIG LABOR BANK Brotherhood Railway Clerks Institution at Cincinnati Fails to Open Cincinnati, O., June (AP) The Brotherhood of Railway Clerks National Bank, one the country's largest labor banks, failed to open for business today. Haveth Mau, United States Dis triet attorney, said the bank's clos result of the check kiting operations of Shafer, under having of his firm's money and with having the closing of the Cos. Bank and Trust Company sixteen days ago by his alleged specuFifty one per cent of the brother was owned by 122,000 States and members the Brotherhood of Railway and Clerks, Freight Handlers and Station Employes. The brotherhood bank board of rectors voluntarily closed the institution after depositors withdrew 000,000 in the last three days. The followed the resignation of three bank officials last Monday. Two those former Liman Norris, and Harry Rosenblum, eashier, were ar rested sworn by United States District Attorney Haveth which charged conspiracy violate the national They pleaded guilty and were held $25,000 bond Federal county officials pressed belief that the bank would probably meet fully every and that the Assets turned for liquidation to the Comptroller

16. June 27, 1930 The Wichita Eagle Wichita, KS
Article from The Wichita Eagle, June 27, 1930

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CINCINNATI LABOR BANK SHUTS DOORS AFTER HEAVY RUN Result of $1,000,000 Defalcation of A. W. Shafer, Cities Service Securities Dealer, a Large Depositor of the country's largest labor banks, the Brotherhood of Railway Clerks National bank, closed today as a direct result of the $1,000,000 check kiting operations of A. W. Shafer, whose speculations also forced the Cosmopolitan Bank & Trust company to close 16 days ago. Fifty-one per cent of the Brotherhood stock was owned by 122,000 United States and Canadian members of the Brotherhood of Railway and Steamship Clerks, Freight Handlers and Station Employes. The Brotherhcod bank board of directors voluntarily closed the institution after depositors withdrew $1,000,000 in the last three days. The run followed the resignation of three high bank officials last Monday Two of those former officials, Lyman E. Norris, vice president, and Harry Rosenblum, cashier were arrested on warrants sworn by United States District Attorney Haveth E. Mau, which charged conspiracy to violate the national banking act. They pleaded not guilty and were held under $25,000 bond each. A slight run existed at the bank since June 10, directors said. That was the date the Cosmopolitan locked its doors upon disclosure that Shafer, former manager of the H. L. Doherty company. Cities Service securities dealers, was short $623,000 in his account with the bank Mau said Shafer had deposited Cities Service collateral bearing forged indorsements with the Brotherhood bank. The exact amount was not disClosed but was reported to run from $225,000 to $375,000. Shafer besides being short $623,000. with the Cosmopolitan bank. was short that much more with the Doherty concern. He admitted ten days ago that he lost the money gambling in the stock market trying to recoup a $700,000

17. June 27, 1930 The News Tribune Tacoma, WA
Article from The News Tribune, June 27, 1930

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JAIL FORMER RAIL UNION BANK HEADS Cincinnati Authorities Hold Them for $25,000 Bond Regular Programs on the Air Friday unusual number of special broadeasts which have disarranged the regular during the past few days seems to have ended for programs the and only the usual weekly features are scheduled Friday June over the two large chain networks. The novel feature in second bank closed Northwest the special program from KJR dediciated and of former officers National Guard, which will be on the air from 9 to 10 under arrest result of the kiting The Poughkeepsie regatta, the arrival of the Australian fliers at tions of New York on their trans-Atlantic flight, President Hoover's address at district manager for the Henry L. the unveiling of the statue of former Presidnt James Buchanan and sevDoherty eral other events of national interest were successfully broadeasted dur The failure of Brotherhood of the current week. Programs this nature attract many listeners Railway Clerks National Bank open yesterday was followed by care little for the usual musical and novelty features and tend to rests of Lyman E. Norris, former increase the number of radio fans. vice president. and Harry Rosen- Radio broadcasting conditions tending and affect selection of convention cities for international interest. statement tional Mr. Carlin pointed that magnetic storms great in the quality broadand that certain times the conditions are country than larger conventions blum, former cashier, charges of conspiracy to violate the national banking act. They were held today in default of $25,000 bond each after they entered pleas of not guilty. made Phillips the Norris, Rosenblum and Joseph J. were removed by United States District Attorney Haveth Mau said Shafer's alleged the direct cause of the bank's closing. Shafer, said, had deposited Service colthose charge of the study radio this ditions in for to and $375,000. that and most adNorris and Rosenblum location for radio transThe Brotherhood Bank came under mission. the scrutiny of federal investigators June 10 when learned the bank The Raleigh revue coming over the carried an account for Shafer. On and KOMO Friday company's at that day the Cosmopolitan Bank will sea Trust because of an which by will followed of in Shafer's popular and and Shafer was arrested on song just charge embezzling more than made a in England. from the Doherty Company. Sydney Dison and Betty Anderson, his former the leading artists of the NorthRemoval of the three officials of the bank also resulted in withdrawal over KJR of by ors although includes from Verdi. statement was issued saying the inand rectors said of the bank was the protect depositors Friday's Programs and investigators said every tion probably would be met. TACOMA STATIONS Provident Bank & KVI 760 records: Trust heavy run kept time State rector of Edward D. KMO 860 stock banks birthday were and the cinnati House SEATTLE STATIONS of the rest of KOMO 920 NBC lished in Brothe of Latin Tiny and per owned KJR members the talized and Corners: and program 5:45 KOL COLUMBIA BROADCASTING SYSTEM Merning Programs children For Afternoon Programs Lambert's lecture

18. June 27, 1930 The Anderson Herald Anderson, IN
Article from The Anderson Herald, June 27, 1930

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BANK CLOSING TIES UP FUNDS OF RAIL UNION Railway Clerks are Concerned in Crash Due to Check CINCINNATI, O., June 26 (AP) The Brotherhood of Railway Clerks National Bank, one of the country's largest labor banks, failed to open for business today Haveth Mau, United States district attorney, said the bank's closing was direct result of the $1,000,000 check kiting operations of A. W Shafer, who under indictment for having $210,162.50 of his firm's money and charged with having caused the closing of the Cose mopolitan Bank and Trust company sixteen days ago by his alleged speculations. Fifty-one percent of the Brotherhood stock was owned by 122,000 United States and Canadian members of the Brotherhood of Railway and Steamship Clerks, Freight Handlers and Station employes. Heavy Withdrawals The Brotherhood Bank board of directors voluntarily closed the institution after depositors withdrew $1,000,000 in the last three days. The run followed the resignation of three high bank officials last Monday. Two of those officials, Lyman E. Norris, vice-president, and Harry Rosenblum, cashier, were arrested on warrants sworn by United States District Haveth E. Mau. which charged conspiracy to violate the national bank act They pleaded not guilty and were held under $25,000 bond each Federal and county officials expressed belief that the bank would probably fully meet every obligation and that the assets were turned over for liquidation to the comptroller of the currency of the United States. A slight run existed at the bank since June 10. directors said. That was the date the Cosmopolitan locked its doors upon disclosure that Shafer, former manager of the H. L. Doherty company, City Service securities dealers, was short $623,000 in his accounts with the bank Mau said Shafer had deposited Cities Service collateral bearing forged indorsements with the Brotherhood bank. The exact amount was not disclosed but was reported to run from $225,000 to $375,000. Shafer admitted ten days ago that he lost the money gambling in the stock market trying to recoup a $700,000 fortune lost in the market crash last fall.

19. June 28, 1930 The Gaffney Ledger Gaffney, SC
Article from The Gaffney Ledger, June 28, 1930

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LARGEST BANK IS FORCED TO CLOSE Million Dollar Check Kiting Operations Blamed for Failure. Cincinnati, O., June Brotherhood Railway Clerks National Bank, one of the country's largest labor banks, failed open for business today Haveth Mau, United States district attorney, said the bank's closing direct result of the check kiting operations of Shafer, under indictment for having embezzled his firm's money charged with having caused the closing of the Cosmopolitan Bank and Trust Compayn 10 days by his ago alleged per cent of the owned United States and adian of the Brotherhood Railway and Steamship clerks. Freight Handlers and Station Employees. Brotherhood bank board directors voluntarily closed the institution after depositors withdrew in the last three days. The run followed the resignation three high bank officials Monday. Two those former officials, Liman Norris, vice-president, and Harry Rosenblum, cashier, on warrants sworn United States District AttorHaveth Mau, which charged to violate the National Banking Act. They pleaded not guilty held under bond each Federal and county officials belief that bank pressed would probably met fully every obligation that assets turned over for liquidation the comptroller curthe United States. existed the slight run bank since June directors That was the date the said. locked doors disclosure that Shafer, forupon the Doherty city service securities Company, short in dealers, the bank. The Brotherhood bank had of total posits sources capital stock surplus and undivided profits $65,958. Lespite forged Shafer's collateral signatures Brotherhood bank, the the was by directors condition report isued Monday The bank in 1923. opened

20. July 2, 1930 The Cincinnati Post Cincinnati, OH
Article from The Cincinnati Post, July 2, 1930

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PLAN TO REOPEN BROTHERHOOD CONSIDERED Prospect of Reorganization Now Looming OTHER BANKS MAY BUY Status of Cosmopolitan Still Is in Confusion While state and federal banking officials continued examination of the closed Cosmopolitan Bank & Trust Co. and the Brotherhood National Bank, negotiations were in progress Wednesday for reopening of the latter institution. Two are open to the Brotherhood Bank. One is for reorganization reopening by its own stockholders. other is for some other bank to purchase the closed by its own directors last Thursday due to heavy Brotherhood directors, working with officials the Brotherhood Railway Clerks, would the bank back banks, are desirous of taking it over branch Depositors Hopeful The matter must approved by Pole, comptroller who here working on the Brotherhood examination. Brotherhood depositors are of 100 the president the Fifth Third Union Trust Co. said Wednesday his bank takes over the Brotherhood this will be assured fact. Following suit filed by Gilbert Bettman behalf the state banking seeking liability on stock owned the Dorgers and another court action the tangle was filed. Henry Doherty Co., securities asked Pleas Court for securities held by the bank chiefly Cities Service stocks bonds. To Return Securities The securities were turned over bank connection tain drafts deposited with that bank for collection, the suit said. the did its make collection has been canceled the firm, the petition Amor W. Shafer former district manager of the Doherty firm, in county jail on charge embezzling $210,000. was his transactions that the Brotherhood Banks to close Eleven drafts. totaling $45,012.61 were Judge Stanley Struble ordered the securities turned back to the firm. Confusion in Books Ed D. state disays 10 days will the banking decomplete the He serts the tangle the worst ever the department bank failure and charges records are misplaced and employes profess of transactions The grand jury inthe crash Wednesday. Twelve additional appear before the grand jury, 802 Conrad Long 3434 Lillian 920 Burton-av; Nat Wainer. 3416 Ridgeway-av; Joseph Gardner, Newton-av; Adam Momich Ferdinand-pl; Joseph 5710 William 1915 North College Hill: Jake 1417 John-st Reineker and Hugh McShane, 408 Bank's Safety Deposit Boxes Carefully Guarded Uncle Sam mighty careful about goes Brotherhood National Bank these days. Those renting deposit boxes in basement which was closed last Thursday by have but there privacy ordinarily associated safety deposit vaults. One must first tap on the front the Then deposit box He opens the door bank? owe any money? answer the negative allowed to safety bank's deposit register the regular There wait for one of the bank ring down master He sticks his in and you insert yours and the box You out what you Then the young woman who had charge the when the was open business, types ceipt listing everything taken from the box by the customer.

21. July 3, 1930 Pittsburgh Sun-Telegraph Pittsburgh, PA
Article from Pittsburgh Sun-Telegraph, July 3, 1930

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Midland United Co. Trust Company Gets Brotherhood Bank Acquires Property The Midland United Company the larger part of the properties of the Union Traction Company of In. diana operates more than 400 of CINCINNATI July The Brotherhood of Railway Clerks National Bank which was closed week ago following a heavy run on the bank has been acquired by the Central Trust Company third largest bank here " will here. after be operated as & branch of the Central Trust Depositors of the Brotherhood bank will be fully protected and their accounts will have the name as before the The receivership has been lifted and acquisition authorized Pole. comptroller of cur rency

22. July 6, 1930 Evening Star Washington, DC
Article from Evening Star, July 6, 1930

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RAILWAY CLERKS' BANK REOPENS DOORS AGAIN Is Now a Branch of Central Trust Co., One of Cincinnati's Largest State Institutions. By the Associated Press. CINCINNATI, Ohio, July 5.-The Brotherhood of Railway Clerks' National Bank, closed by its directors a week ago following a run of depositors, was reopened today as a branch of the Central Trust Co. There were some withdrawals, it was said, but these were more than offset by a large number of deposits in the first hour of business. The Central Trust Co. is one of Cincinnati's largest State banks. Its last published statement reported resources of $44,741,000.

23. July 19, 1930 The Llano Colonist New Llano, LA
Article from The Llano Colonist, July 19, 1930

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CLERKS BANK SOLD, DEPOSITORS SAFE CINCINNATI-(FP)- All within the period of a week the Brotherhood of Railway Clerks Natl. Bank experienced the effects of a general Cincinnati bank panic, the withdrawal of $1,500,000 by depositors, the closing of the bank, the assurance of fed ral examiners that it was solvent, the lifting of the receivership and finally its sale to the Central Trust Co. Closed on June 26, it was pronounced thoroughly sound by the comptroller of the currency and turned over to its board, which sold the institution July 2. It reopened July 5 as a Cen-

24. January 1, 1931 The Cincinnati Post Cincinnati, OH
Article from The Cincinnati Post, January 1, 1931

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By Donald F. Dearness Almost any way take the year 1930 surfeited with in Greater Cincinnati calambank failures, financial disasters, crime, unemployment, pestilence, miniature golf, and, depending on how you look at it, the rout ganization. the Republican orpall hung over Cincinnati the the bells and whistles new year, for less than hours before, death Charles Phelps Taft. publisher the and the city's out standing of the and patron Scarcely two months later. on March death laid low Cincinnati's most famous William Howard Taft. the only man who served his country both S. and justice of the Court On the first day 1930. death took two victims of auto accidents, the first of about 200 who succumbed during the year in injuries suffered in motor vehicle for Crime before got away to flying start, the year three hours old, Cincinnati Street Railway car barn and made off with $1134. The day entirely itous, for the rose 52 the any Year's 1916 Russell Wilson sworn mayor by his Murray with Stanley Joseph Woeste, John Druffel Alex Pat terson. Julian Charles Rose Meredith and Edward Imbus business depression was when the began carried along which ranged more less approximately failures the Cosmopolitan Bank & Trust Co., the Brotherhood National Bank and numerous and business houses Two "other banks, the Bank "Trust Co., Bank Trust peril but were by the Cincinnati Clearing House Association and their by the Central Trust The year dealt knockout blow Republican organization the Citizens mittee cessful county elections 1926 and 1928, made clean Nov with the result that Robert Gorman become prosecutor Thursday and the following filled later by his Beckman: auditor, Robert Heuck: cororner, Dr. M. Scott Kearns. Benjamin who figured sensational ne was cashier Madeira bank, was sentenced Feb. years in Ohio after he $2000 the bank's money weeks later Jack Kennedy, Dayton who been after his conviction on charges and the free Henderson had Kennedy falsely as one of his On 20. Dr. William H. Peters health in the Four days were fied of drilled Co. Fourth-st tied blew safe escaped with worth of February had the new Louis Eighth and opened Feb 26. and the next laid for the Cincinnati Suburban beautiful new building at Sevand Elm-sts. Calamity March for William Taft and Edward Dempsey mayor and Common the March witnessed the first major busifailure of the year when R. Beaman Co. with liabilities totaling $529,000 fires out March the Theater, Fountain-sq. James operator, was burned death in his booth The next day Christine Cincinnati leaped to from the story of York hotel. Her buried several days later in Spring Grove Cemetery Zwick. at least his name, reappeared March $7500 bank robbery Germantown. Other obtained $2500 March and $4000 March 29 from the Clifton branch of the Second National Bank Three men were killed March 28 when large Sixth-st and and two their March rocks the Bald Knob blasting State-av the middle the month first mention was made of Jamaica poisoning. the malady which sent and of women for relief paralysis legs and arms. Results of returns from Cincinnati in the Literary Digest nation prohibition poll showed the Queen six one in repeal or against of present The major business announce. March was that Albert H. was elected president Kroger Grocery Baking Co. succeed William H. became chairman the board. the first important event April the reappearance Zwick's name in connection with robberies April which the same was reported $50,000 and short time later $8418 The day the Brotherhood National stirred the public's interest and invoked other banks announced would pay per interest on savings banks continued to per The which played considerable part in year's made take notice throwing few August days The rose 90 ting an April heat record in Probably the most important busof the month was the sale of most the Libson theatrical Louisville and Dayton the RKO the Albee, Capitol, Strand, Family, Palace and treaters On April about 25,000 of the faithful witnessed the opening Nabaseball game, the Reds Pirates. one of the defeats that landed team in seventh place, just ahead of some obscure club fgrom the east. On April 22 Sherrill, city manager, to become the Kroger The day Cincinnati looked with desperate concern the nation's greatest disaster the year occurred the Ohio penitentiary fire About 36 Cincinnati were among the 322 lives out. The month of May was the properiod of calm that preceded days of when the the stormy Cosmopolitan and Brotherhood and temporarily danger real and May Day troubles failed materialize the city At Christ Church Episcopal dignitaries from thruout the country for the consecration Rev On May which in the Republican debacle was started meeting at Hotel. On the the Heberle was the 28th the Church began its General Assembly in Taft Auditorium. its total contributions about $35,000 short of the $2,076,894 quota. few days later the Census Bu1930 population was 447,650. On June 10. about 37,000 depositors of Bank and its seven branches were thrown into by the news that the had failed and had been seized by the state banking department milled the Dorger holder and the bank's dominating Amor W. Shafer district manafor Henry Doherty on charges money ed Shafer's had drained the Cosmopolitan Bank forced its closing. Subsequent showed the deficit to be about $2,000, 000. Word soon around that ShaBank and that uneasy forced the bank June 26. Harry cashier, and Lyman H. Norris, by charges conspiring violate the national banking Depositors in other anks became and worried. Several banks the House the tide and the other banks' The again set record in June. On the temperature to Three persons died of the effects of the heat. Otherwise the month was more except the 12th. when C. Dykstra took as city and on the river Greene, the Ann from Fernbank Dam Coney Island. July saw the Central Trust Co. take over Brotherhood Bank and the Fifth Third Union Trust Co. the Thruout the month Hamilton-co suffered the wrought parts the nation Record was reported July Lack water in many the territory became acute July The month also witnessed the beginning legal troubles for Dorger family. On July Gilbert sued Frank Dorger his Clardaughters, Ruth and Martha various double liability on their Cosmopolitan stock. During hearings before Judge Stanley Struble Common Pleas Court Frank and Martha Dorger filed in bankruptcy and was placed the charge the Western Ruth Dorger promised to pay her asOn July 21 Frank and Clarence Dorger, Russell mopolitan cashier, and Herbert were dicted on and other charges relating to the bank's failure. After the Brotherhood Bank was taken without loss depositors, Dominick recover given the bank in payment for forged worthless disposed of by Shafer. Other July events robthe Loveland Bank, which bandits about and the would build $8,000,000 freight terminal on the site bounded Fourth John and Mill streets During July the $33,000,000 Starat Fifth, Race and the phone except interiors and the finishing touches outside Considerable progress also had been made union railroad terminal project. August brought chiefly more trouble for the Dorgers, more weather drought and the sweeping county and Robert four other Democratic candidates for United States in the Aug 12 primary election. On Aug. the Dorgers were named more score ditional Other Cosmopolitan officials and employes named. On the 25th Shafer pleaded guilty to the was sentenced to ten years in Ohio penitentiary. During the month the G. A. R. held its annual and the American Legion its state Many Cincinnatians were shocked Aug. 12 by the news that Samuel Lipp. and former state legislator, had death from near Little Falls, On Sept. the city sounded off and the bell in Hall tower rang for first in years Costes and Maur Bellonte, French Cincinnati had about end of the month when Ford reliability thundered across city visited Lunken Airport Earlier in the Cincinnati was the focal the American Chemical Society The city suffered another shock Grover Smith committed suicide. October was featured by the beginning the Frank and Clarence Dorger on the another freakish weather the 20th, when the fell 26 degrees, low record for that of the On Oct. 30, Dr. Frederick T. Vall known opthalmolo gist, died election Nov. 5. brought about the the county and Democratic victory which Y. Cooper the governorship and Bulkley overwhelmed Roscoe Republican candidate for senator. Two days later investigation trregularities here began. On heels the announcement Nov. banks would an increase to savings decame the news that banks identified with had closed and others, includthe Bank Trust Covington, the Market & Trust the Co., CinHouse Association came these rescue the Central Trust Co. took over the Brighton and the and Clarence Dorger were found counts of Nov. 22, after week' On Nov. William J. Williams, of the Western & SouthInsurance died in Johns Baltimore. Day phenomena, official temperature and the defeat of the Miami University football team by the University of Cincinnati Bearcats opened with the holdup Railway Co. truck three robbers and their with about $14,000. Two later the Commercial Tribune publication. On Dec. 10 four Republican election officials were indicted on elecfraud Frank and Dorger 15 Judge Charles Bell Criminal Court to 10 in Ohio penitentiary and fined $5000 each. On Dec. 10. street car and CinRailway Co. bus near the end Eighth-st Viaduct, injuring 19 perAnnouncement was made Dec. 19 that Fritz had resigned director the Cincinnati Symphony Orchestra, effective at the close of the and that Eugene would replace him year and in direct the May Festival spring.