3247. Fidelity Loan & Trust Company (Sioux City, IA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust
Start Date
January 10, 1895
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini
Short Digest
eaf4d03e60a18be4

Response Measures

None

Description

The company defaulted on debenture interest and was declared insolvent; a receiver was appointed in Jan 1895. No newspaper mentions any depositor run. An April 23, 1895 article reports plans to reorganize the company within 30 days, indicating an intended reopening/reorganization rather than permanent liquidation.

Events (2)
1. January 10, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defaulted interest on $3.2M of 6% debenture bonds and large unpaid farm mortgage notes; floating debts of about $1,000,000; petition stated the company was insolvent.
Newspaper Excerpt
The Fidelity Loan and Trust company passed into the hands of a receiver today... Judge Wakefield appointed President Joseph Sampson of Sioux City and Gideon H. Candee of New York receivers.
Source
newspapers
2. April 23, 1895 Reopening
Newspaper Excerpt
Plans have been completed by which the Fidelity Loan and Trust company, which went into the hands of a receiver some months ago, will be reorganized within the next thirty days.
Source
newspapers

Newspaper Articles (13)
1. January 10, 1895 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 10, 1895

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WIRE AH SMIN LATE Items of General Interest From All Over the Universe. The Charleston sailed vesterday from Chemulpo, China, for Nagasaki, Japan. William G. Saun has been confirmed as receiver of public monies at Wakeeney, Man. Henry M. Burr & Co., one of the largest wholesale and retail milliner stores in Boston, has assigned. The senate yesterday confirmed a batch of California appointments, among them being nine postmasters. The president of the Fidelity Loan and Trust company of Sioux City, Ia., admits his company insolvent; liabilities $4,000,000. Archie Gordon, a newspaper writer and author of a number of plays, died yesterday at his home in Richmond, Staten IS The civic federation of Chicago has secured the arrest of three men charged with attempted bribery in assessment matters. The death is announced of J. H. French at Beloit. Wis. Mr. French was 75 years old and was United States treasurer under President Lincoln. At Friarspoint, Miss., yesterday, Ivy Bobo, colored, was hanged for the brutal murder of his wife. Bobo made a full confession on the gallows. The hearing for a separate receiver for the Oregon Short Line set for Jan. 15, in the United States circuit court here, was 23.3 Jan. Inun peuditised Mrs. Mary Yocum of Litchfield, Neb., is in St. Louis collecting money, clothing and other necessaries for the needy farmers of Sherman county, Nebraska. The consideration of the charges against Judge Ricks of Clev reland, was again postponed yesterday by the judiciary committee of the house until Monday next. Thomas Walsh, a trusted collector of the Pacific Express company at Salt Lake City, has confessed that he stole nearly $2,000 from the company in August last. Proceedings were begun yesterday at Mexico. Mo., by John M. Marker to contest the will of William C. West, who died recently aged 92 years, and left an estate valued at $50,000. The comptroller of the currency today received notice of the failure of the First National bank at Redfield. S. D. Bank Examiner C. F. Zimmerman has been placed in charge. The police think they have unearthed band of burglars which has branches a in all the principal cities of the west, with headquarters in San Francisco. Arrests are likely to follow. Difficulty is being experienced in securing a call for a senatorial caucus in the Idaho legislature. In the senate a resolution was yesterday introduced for an equal suffrage amendment. While attempting to save a raft of sawlogs in Salt river near Shepherdsville, Ky., yesterday, W. S. Bowman, Tom McClure and Will Prentwood were carried away with the tide and drowned. The election of Elkins as United States senator is now conceded, since in the organization of the West Virginia legislature yesterday his supporters developed a majority sufficient to organize both branches. J. B. Tyrrell, dominion geological surveyor, has just returned to Winnepeg from a trip to the Hudson Bay region, never before explored by white men. Tyrrell and his companions bring back many valuable The specimens. Vault Merchants National bank of easy 01 yesterday punoj SEM "O Defander been entered and robbed by unknown parties who had closed the door in such a manner that it took an expert eighteen hours to get open. Arrangements have been made for a test vote on the Nicaragua canal bill some time this week. A motion will be made to lay the bill on the table, and from the our 201 prospects the 010A the JO result estimated eq IIIM 1119 General Passenger Agent Lomax will attend the conference of the western lines today in Chicago. The Union Pacific boycott will be considered and the prospect of the formation of a passenger association is considered brighter. The president has signed the act to exempt from duty foreign articles for exhibit at the Portland, Ore., universal exposition, and the act to amend the act B JO the authorized across the Missouri river near Jefferson ON THE Fire destroyed a large portion of the busness part of Union City, Pa., yesterday and Firemen William Rappold, Norman Anderson and Dan Conway were buried by a falling building and dangerously injured. The loss will exceed the insurance 1000'09$ sq W. W. Taylor. state treasurer of South Dakota, It is learned from reliable sources Reck- 000'008$ [east 10 JOJ defenter e SI less investments are given as the cause of his shortages. The National Bank of SI peesident SEM eq which JO Reddeld also involved. It is thought that there is little chance of securing during the present session of congress a congressional investigation of the southern negro lynchings of the past few years, the committee to which a resolution for that purpose had been referred declining to act. Yesterday the stockholders of the Colorado River Irrigation company decided to issue bonds to complete the company's canals in Southern California. In the election of officers the James H. Beatty faction was defeated by the adherents of 0 ayor Beatty. The conference between the Western, Central Traffic and Trunk roads was held yesterday, mainly to consider the question of mileage to be paid by the roads to each other on their various cases of interchange care. The matter will be further considered in New York next Wednesday. The president has recognized the following consular officers: J. Mignolet, consul of Belgium at Denver for Colorado, A A Medico: M9N pur Sujurios M Ballen, consul of Ecuador, at San Francisco: Peter Anker. vice consul of Den901A 'V M Neveral 18 mark. consul of Denmark, for Colorado: Maximo Gavito, commercial agent of Mexico, at Brisbee, Ariz. Senator Brice yesterday labored with the president for two hours ME[ Supsixe *** that miq contribe 01 beeq easy sens] puoq the Japun made, is better than the proposed legisST 11 em uo that while the president listened with apparent interest to the senator's representations, he did not himself express 700(gns *** no ue 10 esnoq prossing the uI tives yesterday bills were introduced fix. ing a maximum schedule of telephone rental. ranging from $40 to $25 a year making eight hours a legal day's work; -xe eq on ecuted within the walls of the penitenso am lands, and seizing such land after three years unless the owner becomes a citizen em JO 01 not THEM "mous 'dn MOJO I KaaM» make a minister of me.' "Why, Johnny, IIIAM artsap anot St gons seque pets we T !m,sex, 15 inoqe Jeques mos 01 yeads STATE adomy 01 02 01 THEM

2. January 10, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 10, 1895

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DEFAULTS PAYMENT. A Sloux City Trust Company Can't Pay Its Interest. Sioux City, Ia., Jan. 9.-The Fidelity and Loan company, of Sioux City, defaulted payment of $30,000 interest on debenture bonds due the first of the year. Although the firm has not yet failed, President Sampson, of this city, has been asked to accept the receivership should one be appointed. These debenture bonds were issued to secure loans made on farm morgages The company court not collect interest from farmers, $80,000 being now due them, and was thus forced to default the interest on the bonds, bringing on the financial difficulties. The firm did no banking business, and none of the local banking houses or industries will be involved. The failures of the Lincoln Street Railway company. of Lincoln, Neb., tied up $150,000 of the company's funds. The liabilities of the company are about $4,000,000, with assets nearly as large. The largest liabilities consist of $3,230,000 debenture bonds and $2,250,000 of these are held in New England states and other sections of the east. One million dollars were also floated in Scotland. The other $750,000 of liabilities consist of street railway stocks, etc. The company tried to negotiate a loan in New York but failed. A meeting of parties representing the creditors was held in New York today to take action regarding the company's affairs, but what was done cannot be learned here. Joseph Sampson, of this city, president of the company, is the principal local stockholder. William G. Clapp, of New York, is treasurer.

3. January 11, 1895 The Herald Los Angeles, CA
Article from The Herald, January 11, 1895

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Article Text

IN A RECEIVER'S HANDS. Liabilities of the Fidelity Loan and Trust Company. SIOUX CITY, Ia., Jan. 10.-The Fidelity Loan and Trust company passed into the hands of a receiver today. P. A. Sawyer, as a creditor of the company. filed an application for the appointment of a receiver in the district court. The petition stated that the company owed $3,200,000 on 6 per cont debenture bonds on which January interest was defaulted. It stated further that the floating debts of the comDANY were $1.000,000, no part of which had been paid. The only other statement in the petition was to the effect that the company was Insolvent. Judge Wakefield appointed President Joseph Sampson of Sioux City and Gideon H. Candee of New York receivers. It is expected the businers of the company will be continued under the receivership.

4. January 11, 1895 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, January 11, 1895

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A BAD FAILURE. Sioux City Trust Company Goes Up With Liabilities of $4,000,000. SIOUX CITY, Ia., Jan. 11.-The Fideb ity Loan and Trust company of Sioux City defaulted payment of $30,000 in the interest on debenture bonds due the first of the year. Although the company has not yet failed President Sampson has been asked to accept the receivership should one be appointed. These debenture bonds were issued to secure loans made on farm mørtgages. The company could not collect interest from farmers $80,000 being now due them, and was thus forced to default the interest on the bonds, bringing on the financial difficulties. The firm did no banking business and none of the local banking houses or industries will be involved. The failure of the Lincoln Street railway of Lincoln, Neb., tied up $150,000 of the companies funds. Liabilities $4,000,000. The liabilities of the company are about $4,000,000, with assets nearly as large. The largest liabilities consist of $3,250,000 debenture bonds, about $2,250,000 of which are held in the New England states. One million dollars was also floated in Scotland. The other $750,000 of liabilities consists of street railway stock, etc. The company tried to negotiate a loan in New York, but failed. A meeting of parties representing the creditors was held in New York to take action regarding the company's financial affairs, but just what was done cannot be learned here. Joseph Sampson of this city. president of the company, is the principal local stockholder. - Price's Cream Laking Powde

5. January 11, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 11, 1895

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Business Failures. Sloux City, Ia., Jan. 10.-The Fidelity Loan & Trust Company passed into the hands of a receiver today. P. A. Sawyer, as a creditor of the company. filed an application for the appointment of a receiver in the district court. The petition stated that the company owed $3,200,000 of 6 per cent. debenture bonds, on which the January Interest was defaulted. It stated further that the floating debts of the company were $1,000,000, no part of which had been paid. The only other statement in the petition was to the effect that the company was insolvent. Judge Wakefield appointed President Joseph Sampson, of Sloux City, and Gkleon H. Candee, of New York, receivers. It is expected that the business of the company will be continued under the receivership.

6. January 11, 1895 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 11, 1895

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BRIEFLY TOLD. At Brunswick the term of the Maine Medical school began yesterday. The introductory lecture was delivered in the lower Memorial hall by Dr. Willis B. Moulton of Portland. At St. Joseph, Mo., Wyeth's Collar factory was totally detroyed by fire today. The factory is the largest of the kind in the West and employed nearly three hundred men. The loss is $150,000; partially insured. Yesterday. up to 2 p. m., the treasury was advised that a million dollars in gold was withdrawn at New York for export Saturday. It is expected that three million will be taken for"export this week. At Cleveland. O., Mrs. Wm. H. Picfe, a widow of the manufacturer murdered by burglars December 12, has positively identified Thomas Grant, now under arrest, as one of her husband's murderers. The American schooner Eldridge, Capt Souther. sailed from Philadelphia December 15 for Caibarien, went ashore on San Felipe Key, December 31, and was abandoned January 4. The crew were saved. At Northampton, Mass., the three story brick and marble block. at the corner of Pleasant and armory streets, owned by B. E. Cook, Jr., and occupied by R. E. Edwards, furniture dealer, was damaged $2500 by fire last night. The contents are almost a total lost. The fire started in the office. The stock was inventoried, January 1 at $12000, insured about $9500. At midnight. Saturday, the New York City Press association. the local bureau of the Chicago organization, styling itself the Associated Press, will cease to exist. The annual meeting of the Isle of Springs Association was held at the office of Hon. George C. Wing in Auburn. Thursday afternoon. The following officers were elected: President, George C. Wing, Auburn: vice president, Dr. E. A. Thompson, Dover, Me.: secretary. M. S. Campbell, Augusta: treasurer, H. Wesley Hutchins, Auburn directors, Dr. B. F. Sanborn, J. W. Chase. M. S. Campbell, Augusta, G. M. Coombs, Dr. H. C. Bradford, Lewiston: Granville Blake, S. S. Hersey, Auburn; F. J. Smith, Portland. The officers of the Metropolitan Trust company of New York, trustee for the debenture mortgage of the Fidelity Loan and Trust company of Sioux City, Iowa, state they will not apply for a receiver but understand that the Fidelity company itself will make application for a receiver. At Paris, in the Chamber of Deputies Thursday, Deputy Herbert moved general amnesty of political prisoners. The motion was lost 345 to 167. At Naples, the civil marriage of Premier Crispi's daughter and Prince Lingualossa, took place yesterday. At Philadlephia, a faction of the Democratic party known as the Pennsylvania Democracy, was to have held a convention to nominate a candidate for mayor. The convention was not hela. as it had been decided that the Pennsylvania Democracy followers will go on to the regular party convention.

7. January 11, 1895 The Providence News Providence, RI
Article from The Providence News, January 11, 1895

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Deeply In Debt. Sioux CITY, Ia., Jan. 11.-The Fidelity Loan and Trust company has passed into the hands of a receiver. The petition stated that the company owed $3,200,000 on 6 per cent debenture bonds, on which January interest was defaulted. It stated further that the floating debts of the com pany were $1,000,000, no part of which had been paid.

8. January 17, 1895 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, January 17, 1895

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Mr. and Mrs. Orson W. Rollings were found dead at Minneapolis under suspicious circumstances. Five bold highwaymen held up a wealthy Choctaw at Wilbertan, I. T., and robbed him of $2,000. Ives defeated Schaeffer in a brilliant game of balk-line billiards at Fort Wayne, 500 to 486. W. W. Kent was elected president of the Western Baseball association at Des Moines to succeed David Rowe. Carver defeated Marshall 75 to 72 in the second shoot of their series at Kewaunee. Eugene V. Debs says the railway union prisoners will spend their time in jail in reading and studying. Pittsburg miners convention adjourned without ordering a general strike. Mrs. Gougar's suit for woman's right was argued before Judge Everett at Lafayette, Ind. Sixteen thousand election clerks were found inefficient at New York and will receive no pay. William Roach, accused of the murder of Officer Luddles, made a desperate effort to escape from the East Chicago avenue station, Chicago. Senator Hamer introduced a bill at Springfield, Ill., making the destruction of buildings by anarchists a capital offense. Indiana legislature met, Senator Newby being made president pro tem of the senate and J. C. Adams speaker of the house. Judge Burke's demurrer in the Hocking Valley bond case was overruled by Judge Pugh at Columbus, Ohio. Miss Elizabeth Wallace, head of Beacher Hall university, of Chicago, was elected president of Knox seminary, Galesburg. Joseph Sampson and G. H. Candee were appointed receivers of the Fidelity Loan and Trust company of Sioux City. Delia J. Haynes, 50 years old, committed suicide at Minneapolis by strangling herself with the braid of a rug.

9. January 17, 1895 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, January 17, 1895

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LATEST. Senator Lexow introduced a resolution at Albany providing for a continnation of his New York investigation. General Alfred W. Ellet, a prominent figure in the war of the rebellion, died at Eldorado, Kan. Rev. W. E. Henshaw was seriously and his wife fatally wounded by thieves at Belleville, Ind. Mr. and Mrs. Orson W. Rollings were found dead at Minneapolis under suspicious circumstances. Five bold highwaymen held up a wealthy Choctaw at Wilbertan, 1. T., and robbed him of $2,000. Ives defeated Schaeffer in a brilliant game of balk-line billiards at Fort Wayne, 500 to 486. W. W. Kent was elected president of the Western Baseball association at Des Moines to succeed David Rowe. Carver defeated Marshall 75 to 72 in the second shoot of their series at Kewaunee. Eugene V. Debs says the railway union prisoners will spend their time in jail in reading and studying. Pittsburg miners convention adjourned without ordering a general strike. Mrs. Gougar's suit for woman's right was argued before Judge Everett at Lafayette, Ind. Sixteen thousand election clerks were found inefficient at New York and will receive no pay. William Roach, accused of the murder of Officer Luddles, made a desperare effort to escape from the East Chicago avenue station. Chicago. Senator Hamer introduced a bill at Springfield, III., making the destruction of buildings by anarchists a capital offense. Indiana legislature met, Senator Newby being made president pro tem of the senate and J. C. Adams speaker of the house. Judge Burke's demurrer in the Hocking Valley bond case was overruled by Judge Pugh at Columbus, Ohio. Miss Elizabeth Wallace, head of Beacher Hall university, of Chicago, was elected president of Knox seminary, Galesburg. Joseph Sampson and G. H. Candee were appointed receivers of the Fidelity Loan and Trust company of Sioux City. Delia J. Haynes, 50 years old. committed suicide at Minneapolis by strangling herself with the braid of a rug.

10. January 17, 1895 Warren Sheaf Warren, MN
Article from Warren Sheaf, January 17, 1895

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WEST AND SOUTH. THE republicans organized the West Virginia legislature at Charleston for the first time in twenty-five years. AT a railway crossing in Bloomdale, of, William Benz was killed and his wife and child fatally injured. IN the Michigan senate a bill was introduced providing that no person who is not able to read and write the English language shall be permitted to vote in the state. AT the age of 75 years J. H. French died at Beloit, Wis. He was United States treasurer under Lincoln. IT was said that William W. Taylor, treasurer of South Dakota, had absconded with $350,000. The bank at Redfield, of which he was president, had closed its doors. THE Thirty-ninth general assembly of Illinois convened at Springfield and effected a permanent organization. THE death of Gen. Alfred W. Ellet, a prominent figure in the war of the rebellion. occurred at El Dorado, Kan. IN Ohio Gov. McKinley sent a car load of provisions to the starving miners of the Hocking valley. THE legislature of Illinois in joint session canvassed the vote for state officers and declared the republican candidates elected. A RECEIVER was named for the Fidelity Loan and Trust company at Sioux City, Ia., the liabilities being 200,000.

11. January 17, 1895 Audubon Republican Audubon, IA
Article from Audubon Republican, January 17, 1895

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hours was able to talk, but was badly confused. All efforts to revive Mrs. Naso were unavailing. Mr. Naso stated that he had arisen during the night and opened the stove door to cool off the room, he being ignorant of the peculiarities of hard coal, with the above sad result. The Fidelity Loan and Trust Company of Sioux City recently passed into the hands of a receiver on the application of P. A. Sawyer, one of the creditors. The bill said plaintiff held a judgment for $500; that the company owed $3,200,000 on 6 per cent debenture bonds and the floating debts were $1,000,000 more. President Joseph Sampson, of the company, and Gideon H. Candes, of New York, were appointed receivers. An eastbound Burlington passenger was held up between Chillicothe and Ottumwa about 6:30 a few evenings since. Just as the train was leaving Chillicothe, two men with heavy black masks on, climbed in the end door of the express car. One held up the three occupants of the car with a revolver while the other tied their hands and then robbed the safe with the kevs taken from the expressman. It is not certain how much they secured, but it may be any place between $1,500 and $8,000. The men waited until the train slowed up for the Milwaukee crossing, then jumped and crossed the river on the ice. J. W. Luke, George W. Perkins and Peter A. Dey, composing the state board of railway commissioners, have filed two reports on the application of the railroads for an increase in freight rates. The majority report is signed by Commissioners Perkins and Luke, who give as their reasons for denying the increase that the present rates were not shown to be unremunerative, and that railway losses have been heavier in interstate freight than Iowa business. Commissioner Dey, in the minority report, holds that rates should be raised almost as much as the railroads asked, and says he has always thought Iowa rates were too low. The saloons of Manson have been pulled again. Information papers were signed by Rev. O. K. Maynard and W. F. Wilson, of Rockwell City, and the sheriff has made a grab on the saloons of Manson, Pomeroy and Lake City. These cases will be made test cases at the February term of court. The committee appointed by the county temperence organization to canvas the names on the petition claim to have found enough fraudulent names and forgeries to reduce the number below the 65 per cent. These saloons are all under injunction and bonds not to sell any more liquor contrary to law. To do so is contempt of court and a violation of their bonds J. J. Aman, an aged citizen of Waucoma, was instantly killed by the fast met train on the C., M. & St. P. railway. The old gentleman, in company with several boys, was going to his home in the southern part of town, using the railroad track as a roadway. They saw the train coming and the boys warned Mr. Aman that he could not cross a bridge they were approaching before the train would be upon them, but he seemed to think differently. The train caught him just two steps from the end of the bridge and safety, picked him up, carried him across the bridge and dropped him down a twenty-five foot embankment. Deceased was between 75 and 80 years of age and leaves a wife and five grown children. The meat train runs through Waucoma without stopping. When the trainmen saw Mr. Aman's danger they made every effort to stop the heavy train, but without success. A Sioux City dispatch says: Rev. J. W. Mahood, pastor of the Whitfield M. E. church, has commenced a crusade against the houses of ill fame after the manner of Dr. Parkhurst. He went to a well known brothel on one of the principal streets of the city at night, and found five women and four men there. He then appeared in police court as prosecuting witness against these five women, charged with keeping a house of prostitution. He gave testimony as to what he saw there, which, while not as sensational as that given by Dr. Parkhurst in New York on a similar occasion, was sufficient to prove the character of the house. While he was present one woman proposed to do the feat of standing on her head, but was prevented from doing so by another woman. There were a large number of friends of the preacher present at police court when the case was called, but the attorneys for the woman insisted on the room being cleared. The police have refused to interfere in these houses and a general crusade is likely against them. Address The News, Des Moines, Iowa, enclosing this notice and fifty cents, and you will receive the Twice-a-Week News one year.

12. January 17, 1895 The Redwood Gazette Redwood Falls, MN
Article from The Redwood Gazette, January 17, 1895

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A BAD FAILURE. Sioux City Trust Company Goes Up With Liabilities of $4,000,000. Stoux CITY, Ia., Jan. 12.-The Fidelity Loan and Trust company of Sioux City defaulted payment of $30,000 in the interest on debenture bonds due the first of the year. Although the company has not yet failed President Sampson has been asked to accept the receivership should one be appointed. These debenture bonds were issued to secure loans made on farm mortgages. The company could not collect interest from farmers $80,000 being now due them, and was thus forced to default the interest on the bonds, bringing on the financial difficulties. The firm did no banking business and none of the local banking houses or industries will be involved. The failure of the Lincoln Street railway of Lincoln, Neb., tied up $150,000 of the companies funds. Liabilities $4,000,000. The liabilities of the company are about $4,000,000, with assets nearly as large. The largest liabilities consist of $3,250,000 debenture bonds, about $2,250,000 of which are held in the New England states. One million dollars was also floated in Scotland. The other $750,000 of liabilities consists of street railway stock, etc. The company tried to negotiate a loan in New York, but failed. A meeting of parties representing the creditors was held in New York to take action regarding the company's financial affairs, but just what was done cannot be learned here. Joseph Sampson of this city, president of the company, is the principal local stockholder.

13. April 24, 1895 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, April 24, 1895

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# Heavy Damage Suit at Sioux City. SIOUX CITY, April 23.-(Special Telegram.)-The Northern Investment company has filed a suit here against the Boston Investment company for $1,000,000, for the alleged wrongful and fraudulent transfer of property from the Boston to the Northern. Five years ago the Boston sold the Northern considerable property in the city, accepting in payment money and securities to the value of $900,000. It is claimed that much of this property was worthless and that the Northern has consequently suffered damage to the amount of $1,000,000, for which judgment is accordingly asked. The Corn Exchange National bank of Sioux City has filed a suit for $35,000 against the Sioux City Street Railway company and Frank Peavey, one of its officers. It is claimed that some time ago Peavey and other officers of the road issued 3,000 shares of bogus stock in the company, and gave it to the bank as security for a loan of $35,000. Finding that the stock is not bona fide, the bank now asks personal judgment against the road and Peavey as an officer of it for the amount loaned. Plans have been completed by which the Fidelity Loan and Trust company, which went into the hands of a receiver some months ago, will be reorganized within the next thirty days.