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BANK IS CLOSED. CHICAGO The Citizens Trust and Savings bank was closed by the state auditor Tuesday following run on the bank during which $500.000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
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Chicago Bank Closes Following Heavy Run by Negro Depositors CHICAGO, Aug. 5. (/P)-The Citizens Trust and Savings bank was closed by the state auditor today following a run on the bank during which $500,000 in deposits were by his wife and several children. withdrawn. This bank is the third south side bank closed during the last week. The Citizen's bank is located at Fifty-fifth and South State at the edge of the Negro district. The first bank to close was the Binga State, with deposits of more than $1,200,000 among the Negroes. The second was the Roosevelt State, which also had dosposits of more than $1,000,000, much of It Negro savings. The Roosevelt State was closed due to a cash shortage caused by heavy withdrawals after the Binga bank Phone 217 was closed. The Citizen's bank was capitalized at $200,000 and had deposits of about $1,000,000.
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Chicago Bank Closed After $500,000 Run CHICAGO-(P)-The Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $300.000 in deposits were withdrawn. This bank is the third South side bank closed during the last week.
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Third Bank In Chicago Closes Doors During Week CHICAGO, Aug. 5. (A)-The Citizens Trust & Savings bank was, closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank the last week. STATES' RIGHTS DULUTH, Aug. state should be the main unit around which the law enforcement machinery should be constructed, for function alone in successfully combatting the criminal, Donald S. Leonard, Detroit, of the Michigan state police, told delegates here today at the annual convention of the international association of chiefs of police. NEW YORK STOCK CLOSE Smelt and Refining Sugar Am. Tel and Anaconda Copper Atchison and Baltimore and Ohio Beatrice Mil. and Pac. pfd Solvent Corn Products Fox General Electric Foods General Motors Harvester Motor Paramount Publix Penny Phillips Radio Am. Safeway Stores Sinclair Oil Skelly Standard Standard Oil Studebaker Texas Corp Union Pacific Rubber Steel Woolworth Cities common Ford Mot. Standard Oil Indiana Omaha Market Close Dempster Mfg
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Third South Side Bank Is Closed At Chicago Chicago, Aug. the Assoclated Press Citizens' Trust and Savings bank closed by the state auditor today following run on the bank during which in deposits were This bank the third south side bank closed during the last Silver. New the silver,
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Chicago Bank Is Forced to Close; Third in Week Chicago. Aug. The Citizens Trust and Savings bank was closed by the state auditor today following on the bank during which $500,000 deposits were withdrawn. This bank the third south side bank closed during the last week. The Citizen's bank is located at Fifty-fifth and South State, at the the negro district. The first bank to close was the Binga State, with deposits more than among the negroes. The second was the Roosevelt State, which also had deposits of more than $1,000,000. much of negro savings. The Roosevelt State was closed due cash shortage caused by heavy after the Binga bank closed. The Citizen's bank was capitalized at and had deposits of about $1,000,000.
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RUN ON CHICAGO BANK ENDS AS BANK CLOSES Chicago, Aug. 5, Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
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HOW TRAPPED CREW WOULD ESCAPE FROM NEW SUBMARINE COMBATTING the great menace of submarine warfare, Uncle Sam shows how member of the crew of his new submarine, V-5, might escape in an emergency through one of the safety hatches on the aft deck There are three escape hatches through each of which several men might escape at one time, the locks then being pumped out in preparation for further escapes. There are artificial extra "lungs" for each of the 11 officers and 80 enlisted men. One of the "lungs," designed to prevent suffocation, is being worn by the member of the crew, Rosenkotter, who is shown "escaping. The 371foot submarine was given its preliminary test off Provincetown, Mass. It is said to be the safest craft afloat and represents the last word in submarine construction. Nevada Governor Tells of Attack Las Vegas, Nevada, Aug. 5.-(P) Governor Fred Balzar reported to police Gordon C. Smith had aimed pistol at him in the course of a heated discussion, the chief executive disarming him before he could shoot. The governor's account of the incident was verified by James Cashman, county commissioner, who was at the Smith home. The governor had come here from Chrson City to discuss with Smith letters of criticism he had received from the Las Vegas board of trade. The governor and Cashman said Smith called the chief executive liar. Balzar, for years sheriff of Mineral county, seized him by the Smith then drev. pistol, the governor and Cashman said, whereupon the chief executive disarmed New Dry Chief Asks For Public Sympathy Washington, Aug. Obtaining the sympathy and help of the American public are two objectives of Prohibition Director Woodcock in his task of enforcing prohibition with reorganized forces under the justice department "After all, who can object to a fair, honest, earnest and lawful enforcement of law of the land?' he asked radio audience. "To the great mass of American men and women say give us your sympathy and help. The world's stock of cut diamonds is estimated at 85,000,000 carats. THIRD CHICAGO BANK CLOSES Chicago, Aug. The Citizens Trust and Savings Bank was closed by the state auditor today following run on the bank in which $500,000 in deposits were withdrrawn. It is the third South Side bank closed in the last week. Divers take more time in ascending than in descending to prevent injuries from changing pressure.
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CHICAGO BANK CLOSED. CHICAGO, Aug. The Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third South Side bank closed during the last week.
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CHICAGO BANK CLOSED. CHICAGO. Citizens' Trust and Savings bank was closed by the state auditor Tuesday following run on the bank, during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed durink the last week
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CITIZENS TRUST BANK CLOSES GIBSON Chicago, Aug. 6. (AP)-The Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed during the last week. Try Jessen's Root Beer. tf Order your brick ice cream, any kind, at the Grand Island Candy Kitchen for quick service. Phone 281.
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Chicago Bank Closed After a $500,000 Run Chicago, III., Aug. (P). The Citizens' Trust and Savings bank was closed by the state auditor to day following a run on the bank in which 500 thousand dollars in de posits were withdrawn. This bank is the third South Side bank closed during the last week.
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BANK CLOSES AFTER "RUN" CHICAGO (AP)-The Citizens Trust and Savings bank was closed by the state auditor Tuesday following a run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
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Blocks Attempt of Former Bank Official to Grab Cash An interesting side picture as to what some bank receivers encounter in the liquidation of suspended banks is brought to light in connection with the Citizens Trust and Savings bank, 55th and State Sts. Recent action of the supreme court saved $100,000 for the depositors. From the time establishment about Jan. Oliver Smith was president and director of bank. 1922 Ossian Cameron was director of the The bank suspended business Aug. 1930 and 25 per cent dividends have been paid to the depositors. presented to the receiver his claim of sented his claim of both The receiver refused these and accept petitioned the superior court of Cook couny for their allow controversy at issue and referred to master in chancery Attorney Gives Facts The report before master's 1932 court sustained the master judgment Appeal the the of Illinois affirmed the court July further appeal to the court of Illinois preme was finally disallowed appeal on Oct In the claims alleged that Citizens bank had converted 582 shares which theretofore were the stock property of Oliver F. Smith his right of action to 110 shares having been assigned to Ossian Cameron that the claims thus represented the leged conversion of 472 shares on the part of Oliver Smith and 110 shares on the part of Ossian Cameron. The evidence at the hearings the claims outlined by Edward Hess. counsel for the receiver, developed general That in the summer of 1921 the sued of Citizens Trust and Sav ings bank in condition: that Smith had sold stock to sometimes giving them certificates and sometimes merely that late these coming in for there unissued stock and all the authorized stock of the bank had been and in fact Smith had overcovered. the state Illinois ly ordered them Have you heard of Irene Castle? Of course have you'll chance to see her in person Dec. 28.