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ABE MARTIN
In less than seven months the slender assets of the Bank of Arlington, which closed Thursday. following the suicide of John H. Falls. its young cashier, had shrunk from $152,172.22 to $135,541.81, it was revealed yesterday when receivership action was filed in chancery court by D. D. Robertson, state banking superintendent. Mr. Robbertson was appointed and R. W. Hall was named as liquidating agent. last financial statement pubEshed by the bank appeared on May 19, and at that time the assets were listed as $152,000. later statement. prepared Dec. showed assets of only $135,000. Incidentally What becomes of all the ecldeposits fell off from $133,500.75 lege presidents' views? About $105,368.95 things that only evenly Neither Mr. Hall nor F. Hunt. tributed on this earth are sea an' bank examiner, were able to disasters. mine just what the condition of the bank was last night. Both refused to KILLS "STRANGE" NEGRO make any statements, but is generally believed that depositors will Victim of Store Owner's Gun Idensuffer substantial loss. tified by Police. Reserve $7,700 Short.
Reasons for the sudden suicide of Mr. Falls, who was buried yesterday in the Arlington Cemetery, have not appeared thus far. He shot himself on the old Brownsvill highway, two miles west of Arlington, 8:30 o'clock Thursday morning, just half hour before he with the bank directors, was to have met with Mr. Hunt. Mr. Hunt made an audit of the bank last Saturday and at that time found there was not sufficient cash reserve on hand. He ordered Mr. Falls and the directors to increase their cash reserve by proximately $7,700 or close the bank. Under the law, they had 30 days in which to meet this requirement. Mr. Falls was elected cashier of the bank ago when his father, Falls, died. The nior Falls president and cashier and his son assistant cashier. The bank was one-man institution so far as its conduct was concerned, and the younger Falls had complete charge at the time of his death.
Last Financial Statement.
Mr. Hall reported to Mr. Hunt that he found $367 in cash when he opened the safe shoruy after the suicide. The financial statement, prepared on Dec. read as follows: Assets Loans and discounts, furniture and fixtures, $970.25: real estate. bonds, stocks and warrants, $15,due checks and cash items, $744.97 cash in transit, $386.72: cash on hand, $501.11. making total of $135,541.81. Under the heading of liabilities was listed: $10,000: surplus, 500: undivided profits. deposits, cashier's checks, $356.06; time certificates, notes and bills payable, $9,345: other liabilities, $170.71.