Henderson National Bank (Henderson, KY)

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NATIONAL BANK RECEIVER NAMED

W. M. Morgan Takes Over Affairs of Closed Institution Here.

William Martin Morgan, former Uniontown, Ky., man, has been named receiver of the Henderson National bank which closed last Jan. 14, was announced yesterday He succeeds Pope Walker, of St. Louis, deputy national bank examiner, in charge since the institution closed.

This appoint of Mr. Morgan will not affect plans for reorganizing the bank, it was said today, as it was necessary for a receiver to be named to make a formal transfer when the reorganization is perfect

After leaving Union county some years ago to live in the state's metropolis Mr. Morgan has had a long experience as national bank examiner and other phases of banking Recently he has been engaged as receiver of a bank in Indiana.

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BANK EXAMINER DUE HERE TODAY

17 Shares Remain to Be Sold Before New Institution Is Assured.

Organization of the First Nation al Bank & Trust company to over the affairs of the closed derson National bank awaited night only subscriptions to shares. it was announced following meeting of stockholders at the

Twenty shares were lack. ing yesterday. but after the tion had been explained to some 100 shareholders present the meeting by leaders of movement 11 individual tions were obtained for one each, leaving 17 to be sold A bank examiner from the oral reserve office at St. Louis expected to arrive in the city day to prepare the agreement and check the assets the old bank and is hoped procure the remaining tions before be starts his work looks like some of those have subscribed must take cal attorney who has been in the reorgamization effort, "Either that or some of the men who will benefit opening of the new bank have not taken have to help On this last depends the success of the taking

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Reorganization of Bank Is Nearing Completion Henderson, Ky., Nov. ganization of the First National Bank & Trust company to take over the affairs of the closed Henderson National awaited last night only subscriptions to 17 shares, announced following meeting of stockholders at the home shares were lacking yesterday, but after the situation had been explained to the some 100 present the meeting by leaders of the movement, 11 individual subscripticns were obtained for one share each, 17 to be sold. bank from the federal office at St. Louis is expected to arrive in the city this week to prepare the organization agreement and check assets of the old bank, and hoped to procure the remaining subscriptions before he starts his work.

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REPORT MADE BY BANK RECEIVER

Morgan's Statement Shows $218,932.96 In Cash On Hand.

The Henderson National bank has on hand $218,932.96 according to statement by Wm. M. Morgan receiver.

The statement, as of December 31st., 1932 shows total assets of

The assets at date of suspension $1,533,501.56: additional as acquired since suspension,

Liabilities in the statement listed as follows: secured liabilities at date of suspension, $289,287.27: insecured liabilities, $980,293.52; additional liabilities total liabilities $1,275,375.54 Under collection and disburse ment the statement shows total collections to be accounted for,

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HENDERSON BANK SUES4

Seeks To Recover $2,432 Claimed Employe Withdrew Day It Closed.

Four suits were filed in United States district court in Owensboro Wednesday afternoon by William M. Morgan, receiver of the Henderson National bank, of Henderson, against residents of Henderson. In three of the suits, the receiver seeks to recover amounts claimed due on notes, and in the fourth, to recover an amount which it is claimed an employe of the institution withdrew from his accounts the day the bank closed. A. D. Kirk, Owensboro, attorney for the receiver, prepared the In the suit against Adolphus McCall, who the petition asserts was an employe of the bank, recovery of $2,432 01 which it is alleged McCall withdrew from his four accounts on January 14, 1932, is asked. The suit charges that knowing "that immediate suspension of the bank was contemplated by its officers' the institution allowed McCall to withdraw the amount "with the intent and purpose to give preference to McCall, while "well knowing all depositors could not be paid in full." A. Priest, as principal, and J S. Priest and John W. Finn. as sureties, were sued for $2,650 claimed due on note dated October 28, 1931. A. Q. Evans made defendant in suit for $4,634.60 claime to be due on note. Ed. K. Held and Georgia Held were sued for $470.42, claimed to be due on a note. and Mrs G. C. Hendricks, have returned home. Hobert Heninger, Fleming. was a guest Mon of Mr. and Mrs. S. M. Heninger. Dr. George Gregory, Pendleton. Ind., has returned. after a visit to his parents, Mr. and Mrs. Thomas Gregory Miss Agnes Payne and Miss Virginia Pile have returned from visit Mr. and Mrs. Taylor Payne, Louisville Mrs. Minnie Norton and daughter, Miss Blanche Norton, Irvington, were guests Monday of her sister, Mrs. Austin Armes, and Mr. Armes and brother. Robert Hook, who is of pluerisy Mrs Voget and Miss Regina Mattingly were in Louisville Mrs. Sidney Owen was a guest Thursday of Mrs. Mattie Teaff and Mrs. Ellen Mrs. Delia Brite, who has been guest of her brother. Dr. V. B Hunter, and Mrs Hunter, Louisville, has returned home. J. R. Mattingly Kirk, was a guest of his daughters. SS Re- gina Mattingly and Miss Elenora Mattingly, Monday. G. P. Squires, McQuady, spent Saturday here. Jesse M. Howard, Sr., Glen Dean, was guest Monday of his son, J. M. Howard, Jr.

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HENDERSON BANK

Seeks To Recover $2,432 Claimed Employe Withdrew Day It Closed.

Four suits were filed in United States district court in Owensboro Wednesday afternoon by William M. Morgan, receiver of the Henderson bank, of Henderson, against Henderson. In three of the suits, the receiver seeks to recover amounts claimed due on notes, and in the fourth, to recover an amount which it is claimed an employe of the institution withdrew from his the day the bank closed. A. D. Kirk, Owensboro, attorney for the receiver, prepared the petitions. In the suit against Adolphus McCall, who the petition asserts was an employe of the bank, recovery of $2,432.01 which it is alleged McCall withdrew from his four accounts on January 14, 1932, is asked. The suit charges that knowing "that immediate suspension of the bank was contemplated by its officers" the institution allowed McCall to withdraw the amount "with the intent and purpose to give preference to McCall," while "well knowing all depositors could not be paid in full." Priest, principal, and S. Priest and John W. Finn, as sureties, were sued for $2,650 claimed due on note dated October 28, 1931. Q. Evans was made defendant in suit for $4,634.60 claime be due on note. Ed. K. Held and Georgia Held were sued for claimed to be due on a note.

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BANK RECEIVER SUES EMPLOYE

Ky M Morgan for the Henderson National bank filed United today McCall for recovery of The petition alleges that McCall of the and to withdraw that sum from the bank on January when the officers knew suspension the was They the for the of of preference to purpose giving Call

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DIVIDEND TO CREDITORS OF OLD BANK

Receiver Morgan Notifies Depositors of Henderson National

William M. Morgan, receiver of the Henderson National bank, an nounces the payment of a 50 per cent dividend to creditors handed to those who have proven their claims, Mr Morgan said. In roder to botain these checks, the receiver pointed out, the cred an itors must present their receivers' certificates at Mr. Morgan's office in the First National Bank of Hen In an announcement which has gone out to the depositors of The Henderson National Bank, C. A Katterjohn, cashier, said: will receive notice from Mr. Morgan, the receiver, to the effect that a fifty per cent dividend has been declared and requesting you to send in your receiver's certificate for the endorsement of the dividend (fifty per cent) and that the receiver's certificate and check will be mailed back to you. His statement also says: "The First National Bank of Henderson opened for business September 1933 with a capital of $100,000. sur plus of $20,000 liquid, strong and clean: no frozen assets, no re-discounts and under supervision of the United States government. Some 300 of the depositors in the old bank, together with other interest ed citizens, bought the stock and organized the new bank that it might be strong and safe, and thereby made it possible for the receiver's dividend to be paid."

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BREVITIES

W. C. Green, of Spottsville, sustained a head injury last night when his automobile hit the parked car of William Martin Morgan, Henderson National bank receiver, at the Mrs. Thomas Baskett residence on South Green street where Mr. Morgan rooms.

Four false fire alarms last night before 11:30 kept the city firemen on the run.

Louis Haag has returned to his home in Madison, Wis., after at tending the Funk-Sites wedding.

A clinic for pre-school children will be held Wednesday afternoon from 2 to 5 o'clock in the offices of the Henderson county health department it was announced last mght by Dr. R. K. Galloway, the

Robert Powell, of Corydon, and Thomas Culvest of the city, were admitted to the Henderson hospital yesterday.

Miss Alene Jones, city, underwent an operation at the Henderson hospital Saturday.

Sam Richardson, of Houston, Tex., was dismissed from the Hen derson hospital Saturday, and Mrs. Harry Woods, of Morganfield, was dismissed Friday.

Congratulations to Miss Cathe ine Moss, the successful World's Fair contestant. Thanks to my friends who helped me in this contest. Grace Fisher

Raymond Culver, who was injur ed while playing football several days ago, was dismissed from the hospital late Friday.

A trash fire in the alley behind the Gleaner and Journal building about 1 o'clock yesterday necessitated the calling of the fire department. The fire was extinguished before any loss was incurred.

W. G. (Uncle Billy) Lester, of the county, was here Saturday en route home after spending the week with his grandson, William S. Les ter, employe of the Citizens Nation al bank in Evansville, and Mrs. Lester. The young Mrs. Lester is a daughter of Mr. and Mrs. G. P. Jeter, at Niagara.

Mrs. George Klauder will be hos tess to the Staples Homemakers' club Tuesday afternoon at 1:30. Lesson in millinary and cooking will be discussed by Mrs. Klauder and Mrs. Fred Madden.

No collection and no solicitation of funds at anniversary meeting of "Y" at First Baptist church tonight at 7:30. Good music and a good program.

Dr. Helsley, chiropractor. O. V. Bank Bldg. Phone 80.

Mrs. Allen Bennett, Mr. and Mrs. Gip Bennett and Miss Virginia Ben nett returned Saturday from Nash ville, Tenn., where they visited relatives.

A Cadillac automobile belonging to Otis A. Benton was stolen about 2 a. m. Saturday from in front of the Benton funeral home, and was recovered later on South Green street.

Now is the time to have your mattresses reworked like new. In cluding new cover, standard size $5.50. Furniture Shop, 736 First St. Phone 694-W.

"Mrs Aubrey Farley, Third street, is recuperating in St. Mary's hospit al, where she recently underwent an operation for appendicitis

Mrs. Blanch Whitledge, former resident of Henderson county, who was injured when a passenger train crashed through bridge at Tucum can, New Mexico, several weeks ago, is still confined to a hospital

We are pleased to announce we are operating our Ice Plant, Cold Storage and Feed Mill under provisions of the N.R.A. We expect the Coal Code any time. Then we will be proud to be 100 per cent N.R.A. J. L. Nicholson and Sons, Phone 304-305.

Herbert Gibbs and Dollie Eva Wright, of Henderson, obtainel marriage license here Saturday and were married by Esq. Louis Kleid

A baseball game will be played at 10 o'clock this morning on the diamond at Sixth and Ingram streets by the Henderson North End team and the Harper All Stars

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Militarist Chieftain Quits Japanese Post

Statement Lists Collections of Bank's Receiver

A statement of the condition of the defunet Henderson National bank, prepared by the receiver, lections from assets and stock as sessments of The book value of the bank's assets at its date of suspension is listed as $1,

Total assets accounted for are given as $1,861,147 43. and total lia bilities accounted for are listed as $1,277,266.29

Collections to be accounted for total $848,377.5

Disbursements include dividend payment of $435,503.9 to deposit tors

The cash in the hand of the re ceiver and comptroller is $113,944 10

The cost of liquidation thus far is 3.3 per cent

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NAME BANK RECEIVER

HENDERSON, Ky. June 26 (By D. Eblen today was appointed received of the Henderson National Bank, succeeding W M. Morgan, who has resigned to resume nis former work as a national bank examiner. Eblen is a former mayor of Henderson.

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Marvin D

Eblen Becomes Henderson Bank Receiver Henderson, Ky., June 27. (AP)Marvin D. Eblen Tuesday was appointed receiver of the Henderson National bank, W. M. Morgan of Louisville, who has resigned to resume his former work as national bank examiner. Eblen is a former mayor of Henderson.