d723dae6Full suspension
Other: State banking commissioner took over (government takeover/closure). Indictments for embezzlement later mentioned in articles.
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BANKS TAKEN OVER MILWAUKEE, Wis., July 23, Three Milwaukee community banks with combined deposits of $2,000,000 were taken over by the state banking commissioner. Banks closed wereLayton Park State, Liberty State and Security State. A small run started on Liberty last week and continued with increased withdrawals. Financiers attributed closings to hysteria recently experienced in Chicago.
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TWO ARRESTED Milwaukee, served of Milwaukee 16 years and another who head the defunct Liberty State Bank, in jail today awaiting arraignment indictments charging embezzlement of $500,000 of ctiy funds John Drew, city treasurer from 1916 to 1932, charged by the grand jury with ating money, and Ros former bank president, with aiding through his banking connections. Deputy sheriffs arrested Drew night St. where he had been tient for several days. He for months. Rosenberg arrested at his home Both denied on pending the regular session of municipal court The indictments charged that the pair feloniously padded invoices when bonds purchased increase the appareent costs thereof the Investigation into the affairs the two men was first started several years ago by the Wiscon state income tax bureau, which assessed an extra against appealed case An additional investigation undertaken ently state authorities connection with the closing the Liberty State bank.
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WRIT TREASURER REQUEST HABEAS CORPUS IN MILWAUKEE for George ford Seeks to Block tradition Steps of Ely. Feb. movetoday to nulliunderway action Joseph the granting Virginia's request in extradition George CrawNegro for women Midslaying January, 1932. Allen. former attorney of Massachusetts and chief Crawford. he asking for writ considering Corpus the first step movement nullify Governor action. conferred late yesterday Attorney Frederick relative to proposed the closing the Court no petition had been petition would place Crawbefore the Supreme or the Massachusetts law refusal Crawford voluntarily accept the extradition papers allow him "reasonable" in which to institute Habeas proceedings. charged by Virginia with slayings Agnes Boeing and her maid, Mrs. Nina the Ilsley estate dur arrested here for store and of the state fingerprint bureau similarity between the prints those of the man by Virginia authorities. John Drew Taken From Hospital Bed Charged With Embezzling $500,000. Wis., Feb. A man who served city treasurer of for 16 years and other who was head of the defunct Liberty State bank, were today awaiting arraignment of indictments charging embezzlement of $500,000 city funds. John Drew, city treasurer from 1916 to was charged by the grand the money, and Cosenberg, former bank president, with aiding him through his banking connections. Deputy sheriffs arrested Drew late last night at St. Joseph's hospital where had been patient for eral days He has been ill for several months. Rosenberg arrested his home. Both denied release on bail, pending arraignment the regular session Municipal Court to- The indictments charged that the 'falsely, and felonipadded the when to the apparent costs into the affairs the two first years the come which has tax against appealed the and lost. tional undertaken recently by state nection with the closing of the Liberty State bank.