84bfc162Full suspension
Other: Bank closed to 'protect depositors' and 'failed to open' next day; multiple articles report closure to stop a run.
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Three Institutions Are Closed Tuesday-Combined Capital $160,000. Nov. P.)-Three Weakley county banks were closed today. The cashier of the Weakley County bank here reported it closed to stop The Bank of Martin and the City run. State bank at Martin closed earlier in the day. The Weakley County bank was capt-
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Cincinnati live market reported by November Actual rec'ts for 416 Monday 418 87 steers and helfers too light for the demands the trade, and market reigned strong higher in tively. $1 or have been enforced tion with and lower grades the greatest line some grade beef early in week at Eastern cenNothing grading above good was offered on these sold fully steady to with some the close competition. Bulls upturn spots and medium steers figure being grading good late 50c with hog tion basis 160 packers sales which $8.50 and $2 good choice weight 180 500 lbs) pigs Steers $8. medium Bulls common and milk (per (per Lambs- and choice medium to all and SUIT FILED To Void Stock Sale. Banker Says Connection With Caldwell Is Misstated. Depositor Sues Louisville Institu tion For Money Deposited After Hours On Saturday. Louisville, Ky., November 25-(AP) Litigation in and Federal Courts today from the closing week ago Monday of the National Bank Kentucky and the subsequent receivership for BancoKentucky, its holding company Paul C. receiver for the National of Kentucky, made in suit filed in Federal Court here by Venhoff & Hillen, hatters, who seeking to recover which they claim was in the bank after the close business Saturday, November 15. The petition avers the money was entered in the firm's pass book as November 17 and hence did not become the property of the bank. The plantiffs charge the officers of the bank knew was insolvent when the money was received and they ask return of the principal with in In McCracken Circuit Court at Paducah an injunction suit was filed today by Jesse Weil, Paducah banker, and his wife, Vivien R. Weil They ask the Court void stock transaction the BancoKentucky Company the grounds the BancoKentucky misrepresented its connection with Caldwell & Co. Nashville bankers, now They set out in their petition that they 518 shares of Trust Bank stock for 5,171 of BancoThe claim that because of alleged false assurances them by BancoKentucky executive the transaction was The plaintiffs ask that the BancoKentucky be enjoined from acquir ing the stock transfer on the books of the Mechanics Trust & Savings Bank. Rome, November banks capital reserve of $1,209,000 closed their doors Northern Italy. The largest the Credito Veneto with headquarters in Padua and 65 small branches. The which closed yesterday and asked for liquidation its affairs. capiof The two banks which closed were the Rovido, with of 000, and the Banca Venetia Giplia, of Trieste. with capital surplus of $315,000. Ind. November 25-(AP) The Bank here failed to open for business today inis capitalized at $30,000 and had of $360,000. Dresden, Tenn., November Three banks Weakley County. Tenn. closed today. The cashier of the Weakley County bank here reported it was closed to stop bank of Martin and the City State Bank at Martin. closed the day. Little Rock, Ark., November 25banks, which last reported to the State Banking Department today they for business With reopenings, 10 of 70 banks the state which closed or suspended within week have resumed operations. Those resuming business today the Bank Ozan, the Bank of McNeil and the Bank of Stamps in towns of the Six reopened yesterday and one last week. Caruthersville, Mo., November 25First National Bank of Caruthersville closed this afternoon by its Directors after run It said withdrawals the last few days had amounted to $100,000. Chicago including good and and good good and and lambs and WEEKLY CAR LOADINGS 25freight the November were today by the American Railway Association totaling This of from the preceding and decline decrease and live decrease METAL New November unsettled. Electrolytic: future Iron unchanged. spot Lead steady; New York 10c. East Louis spot and 4.95c. East 4.10c. future Lead future future
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THREE BANKS ARE REOPENED Arkansas Situation Improves: Three Close in Tennessee. (By The Associated Press.) Develop ments in the banking, situation in the United States Tuesday included the closing of five institutions in various localities and the reopening of three. that had closed during the last Three Arkansas banks reported to the banking department they had reopened for business after having suspended payments for week With these reopenings, ten seventy banks in the state which closed or suspended within week have resumed Those resuming business during the day were the Bank of Ozan. the Bank of McNeil and the Bank of Stamps. Members of the Christmas club of the used American Exchange Trust company in Little Rock. Ark. will 50 per cent of their savings through plan agreed upon by three the largest stores. There are about 1.000 of the club. with appreximately $200,000 on, deposit. Three banks in Weakley county in Tennessee were closed dispatches from Dresden said The cashier of the Weakley County bank in Dresden reported it was closed to stop run. The Bank of Martin and the City State bank, both at Martin, closed earlier in the day In Indiana. the Citizens State bank at Orleans failed to open for business The institution is capitalized at $30 and has of In Mo. the First National bank was closed by its directors after run It was said withdrawals during the last few days had amounted to 000 Peoria dispatches sai Henry Denhart president of the defunct Denhart State bank at WashingIll offered his personal forof $120 000 to help overcome liabilities growing out of the several months
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Banks in Weakley Close to Protect Deposits DRESDEN, Tenn., Nov 25-(A)Three of Weakley county's eight banks closed today to halt withdrawals of deposits. The County bank, capitalized at closed and left one bank open here- Its cashier said closed "to stop runThe Bank of Martin, the county's oldest and largest, and the City State bank at Martin announced they closed to protect depositors They are the only banks there. "We could have kept open, said H.J. Ramer, cashier of the Bank of Matrin. He said there is possibility of reopening soon. Mr. Ramer said between $3,000 and $4,000 of state funds were de posited in the Bank of Martin, and correspondingly small amounts in the others.
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Have You a Registered Identification Tag for Your Keys? As a service to readers and advertisers The Tribune offers a handsome bronze identification tag and chain for your keys for the small sum of 15 cents. No charge is made for registration. Come in today. On Sale at The Tribune Want Ad Counter BANK FAILS TO OPEN The Citizens State bank here failed to open for business today. The institution is capitalized at and had deposits of picked keys DI THREE BANKS CLOSED. Nov. BROWN Three in Weakley were today The cashBoston of the Weakley County bank here closed The Bank of Martin the City both at Martin, GE closed earlier in the day PARTY black 17 BANKS CLOSED. Closing today of the Bank of Fern with resources brought the total of banks closed in PARTY nigger Kentucky since last Monday to 17. PURSE KANSAS MAYOR DONATES PAY TO JOBLESS-NET $1 Return Liberal Nov. face of it. the mayor of Liberal LOST has gone mayor of Baltimore one LOST Reading that Baltimore's mayor had offered five per cent of his an nual salary for the aid of the ployed. Mayor Joe Fuest of Liberal BLACK offered 100 per cent of his salary for the cause. keys Mayor Fuest's offer isn't quite as His DR nual salary $1. MOLE LOST Local Classified Rates The Minneapolis Tribune 4043 PHONE MAIN 1122. Sunday APRIL 1927 AGATE TYPE 28c Times (Consecutive) (Consecutive) line 23c Times Minimum Two Count and line. An be above rates when cash classified the Sunday Sundays and holidays closing time ertisement starting The Morning Carpentering and Jobbing CARPENTERING IF work done call Falls Rapids Moines JEFFERSON LINES UNION BUS DEPOT enlarged and BEYER 440 GE Busses Everywhere COQUETTE 3 $11 MADAME the 8155 and 8024 XMAS SPEC $15 FOR SALE for $50 ANNOUNCEMENTS Fur Repairing FUR Latest 730 0453. Phone Furniture, Upholstering rm. PLASTERED EMPIRE COVER neatly your Furnace Cleaning and Repairing Insurance EASTMAN LIVES $1 Patent and Trade Mark Attorneys ANDY CO. company Bldg tornado and Soo Landscape and Tree Trimming Fraternal Orders SCOTTISH RITE The 24th degrees monial Dinner TREES TRIMMED AND TREES TAKEN DOWN MIDWAY Moving and Hauling LOCAL OR LONG DISTANCE MOVING We give the best of service We satisfy and save BOYD TRANSFER & STORAGE CO. Office and Lake Plumbing and Heating PLUMBING Andresen. heating 6642 Roofing and Repairing ALL roof We specialize Mule Hide Roofs FOR YOUR HOUSEHOLD GOODS in our heated MOVING Local and Lens RATES in Pool Cars to the Boyd Transfer & Stg. Co. Office Lake St. LaBelle Safety Storage Co. 8495 STORAGE or per DI 7840 Obituary Notices of lowest Goods Call WE Stove Repairing Mattress Renovating RUGS Dunham Scott work DEER 6629 day service Regal Mattress Weather Stripping Personals REESE enstein SENORA Room Bldg Tell-U-Where CARD Hrs. $2.95 -A Handy Guide to Reliable Services and Merchandise now INCREASE your by on G.M.C Rainville Mortuary MONSON work Furniture 2145 ARTISTIC 3000 416 Transfer and Hauling Johnson Undertak Call Co. Good Things to Eat ELECTROCURE HEALTH BELTS Vegetables. fruit. nuts. candies. etc. springs YOUNG dressed fresh Call FIRST FOR SALE MISCELLANEOUS ALMOST young CARD Mrs. 710 FOR SALE MISCELLANEOUS PEEL NOT paints FOR Auction Sales GORDON AUCTION Coal, Coke and Wood. box Dixie Fire Kindlers KINDLERS TO BOX FIRE DOWN LOW YOUR PICK RAPIDL We handle upwards of 50 dif. kinds and sizes of high grade quality Coal, Coke, Briquettes & Wood Immediate Delivery. PER TON DISC. FOR CASH LOURCITY COAL & OILCO. PHONE SOUTH 4840. SHORT TIME ONLY Extra good III., 6x3, ton $7.75 Extra Cook Stove, ton PETERSON AT. 3457 SCANDIA COAL CO. All kinds of clean KopIllinois Splint. HY SPECIAL OFFER good III. 4x2 8x3 $7.95 1625 Ashless SCRANTON WOOD Id: DRY wood SHAFT CHEAP wood. 8050 $6.00 WOOD LENGTH. LAMB 40HIGH Fixtures for Stores-Offices NEW USED STORE the also INC Goods MITBY SATHER and Oak LOW terms MUST beds KE SACRIFICE OAK THOR SHOP 8500 UNCLAIMED furn furniture REgent PIANO OAK leather chair NEW rugs NEW Household Goods. UNCLAIMED from STORAGE tables. 7120 Jewelry, Watches and Diamonds WE buy us. Loeb HIGHEST SPOT diamonds CASH gold Lumber and Building Material Garage Door Special The door CONTROL Brand We stock specially ROSE CO 1221 6TH 9542 HOME repaired LAMPLAND LBR 1627 WRECKING Lowry BUY OLD building ma dows Machinery Engines, Tools EAGLE IRON WORKS CO Repairing BUSINESS WANT good Oil Burners OIL BURNER BARBAIN Exceptional bargain latest model Pianos and Musical Instruments PIANOS FOR SALE OR RENT great stock no you day small $65 mahogany CABLE PIANO Parts and now. Phone Open 95 MAKES and Adding CASH 3769 HIGHEST USED EDUCATIONAL Dancing Schools KNIC DANCING 904 stage taugh Special Musical and Dramatic Olson BANJO Trade Professionad Write today sure X10 LEARN EARN Barber TAKE catalog Henn. SALESMEN direct This call reputable firms LESMEN WE Phone APPLIANCE $10-$25 QUICK MONEY CARDS RARE HEATER CORP CITY SALESMAN large HIGH on DO YOU Xmas 809 Good once fine opportuvacuum SELL XMAS LIVE Store and Office
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KENTUCKY SUIT TESTS POST-CLOSING Nov. Litigation state and federal courts today the week Monday National Bank receivership for its Paul Keyes, federal receiver for the National Bank of Kentucky. suit filed court Venhoof seeking deposited bank after the business November 15. closing the Bank Kentucky 16 other tucky banks Security bank. real closed November 17, was dried the McCracken court at injunction filed today by Weil. They the the the Company that its connection with Company. investment bankers, now They that exchanged 518 Trust & bank stock for shares Banstock. The plaintiffs claim because alleged false assurances given by the The plaintiffs ask that the BancoKentucky enjoined acquiring by transfer the books Mechanics Trust Savings bank. STATE DEPOSITORY WILL BE LENIENT ROCK, Nov. Arkansas board resolution today adopted policy toward banks deposit state funds by surety bonds the Home Accident Company, now in receiverHome Accident and Home Fire B. Banks president, placed Elmo qualified State Ralph Koonce of state funds surety About was in banks closed suspended. said he thought the state funds closed banks, dividends plus dividends from Home Accident Company, more of the or pended banks bringing ten the number the resolution the Arkansas about bus and freight bonds the Home Accident to reinsure other companies. TENNESSEE COUNTY SEES BANKS CLOSE Nov. Three eight banks closed today halt The Wenkley County capital closed here. Its eashier said closed The Bank Martin. the county's oldest City State depositors. They are the banks there. could kept said H. the He is possibility Mr. and deposited Bank correspondingly small amounts the Bank of Martin is capitalized $85,000. Its deposits resources bank is capitalized resources MO First National bank closed this directors after ORLEANS INDIANA. TO OPEN been of board to protect interests the depositors $30,000 and deposits
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Three Banks Close To Stop Big Withdrawals DRESDEN, TENN., Nov. 25.-(P)Three of Weakley County's eight banks closed today to halt withdrawals of deposits. The Weakley County Bank, capitalized at $40,000, closed and left one bank open here. Its cashier said it closed "to stop a run. The Bank of Martin, the county's oldest and largest, and the City State Bank at Martin announced they closed to protect depositors, They are the only banks there. "We could have kept open," said H. J. Ramer, cashier of the Bank of Martin. He said there is a possibility of reopening soon.
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THREE SMALL BANKS CLOSE IN TENNESSEE DRESDEN, Tenn, Nov 25 banks Weakley County, Tenn, closed cashier the Weakley County Bank here reported closed bank of Martin and the City both at Martin, closed earlier in the day.
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3 Banks Closed To Halt Checking Out Of Deposits of Weakley county's eight banks were closed today to halt withdrawals of deposits. The Weakley County bank, capitalized at was closed and left one bank open here. Its cashier said it waseclosed "to stop a run. The Bank of Martin, the county's oldest and largest, and the City State bank at Martin announced they closed to protect depositors. They are the only banks there. "We could have kept open," said H. J. Ramer cashier of the Bank of Martin. He said there was a possibility of reopening soon. Mr. Ramer said between $3,000 and $4 000 of state funds were deposited in the Bank of Martin and correspondingly small amounts in others. Bank of Martin is capitalized at $85,000. Its latest statement show
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BANK SUSPENDED Tenn. Nov. 25. (P)-The Bank of Martin failed to open for Tuesday. The City Bank closed about an hour after the start of the day's business. of both banks blamed steady withdrawals. Martin is without a bank