Buck Grove Bank (Buckgrove, IA)

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Times-Republican, Marshalltown, Iowa, October 22 1906

MAY INDICT HIPPEE

General Manager of Des Moines Street Railway Company Un- der Investigation

THE CHARGE WILL BE BRIBERY

County Attorney of Polk County Thought to be Drawing Indictment

March 30, 1904, at which time the Buck-Grove bank was open and pay-ing all claims. The check was depos-ited in the Crawford county bank, which, instead of presenting it at the bank of issue which was located nine miles distant, sent the paper to the Council Bluffs institution, which in turn sent it to the Buck Grove bank for collection and remittance, thus, so it is claimed, making the latter its agent.

The plaintiff in his pleadings shows that the Buck Grove bank did not close its doors until April 6, the owner, H. S. Green, on March 5, closing the bank by reason of failure. A receiver was ap-pointed but the bank never resumed business. It is claimed the only point at issue is one of delay in presenting the check for collection.

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BLUFFS BANK IS THE LOSER / Supreme Court Reverses Base Involving Collection of Bank Certificate, RECORD ATTENDANCE OF TEACHERS Democrats Hope to Secure Bryan for Speech in Des Moines on the Evening of October 20. (From a Staff Correspondent.) DES MOINES, Qct. 22.-(Special.)-The supreme court today held that the Commercial National bank of Council Bluffs did not make a bona fide purchase of the $850 certificate of deposit on the Citizens' State bank of Armour, S. D., and cashed by Frank Dwyer at the Buck Grove bank of Buck Grove, Ia., April 5, 1904, the day the Buck Grove bank went into the hands of a receiver. As a result, the case is reversed in favor of the South Dakota bank and Frank Dwyer. The decision is in the case of the Commercial National bank of Council Bluffs against the Citizens State bank of Armour, S. D. and Frank Dwyer, in which the defendants are the appellants. Dwyer deposited funds with the South Dakota bank and took a certificate of deposit for $850, en which the bank later paid $50. April 5, 1904. Dwyer went to the Buck Grove bank of Buck Grove, 1a., and left the certificate of deposit for collection and the Buck Grove bank sent the certificate to the Exchange bank of Dow City, the proprietor of which was also the owner of the Buck Grove bank. The Exchange bank sent the certificate to the Council Bluffs bank to cancel an obligation which the Council Bluffs bank had against it. The same day the Exchange bank and Buck Grove bank went into the hands of a receiver. Dwyer put up the defense that he had not received the money and that the bank, being insolvent on the day he left the certificate for collection. the payment should come to him. The district court of Woodbury county directed a verdict for the Council Bluffs bank. The supreme court today held that the Council Bluffs bank had received the certificate only tentatiyely and would have given credit only in the event of its payment by the South Dakota bank and had not made a bona fide purchase of the certific cate. Big Gathering at Cedar Rapids. There were 1,400 teachers and over present at the Southeast Teachers' association meeting in Cedar Rapids last week, which is a larger gathering of teachers than was ever brought together in the state before, not excepting the state association meetIngs holiday week. The institute was one of the best in the state. The Southwest district institute will be held at Atlantic in Cass county next week. and if the same large attendance is present it will tax the capacity of the hotels and boarding houses