1.
December 27, 1932
The Daily Times
Davenport, IA
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Receivers Take Over Three of Outlying
Receivers were in charge of the affairs of the Home Savings bank and Northwest Davenport Savings bank, Davenport, and the Bettendorf Savings bank in Bettendorf, result of the decisions made by officers and boards these institutions to liquidate. The action of the Home and Northwest banks was announced yesterday while the Bettendorf officers met yesterday afternoon and made their decision to close. All three of the banks were closed today and the receivers resenting the Iowa state banking department were placed in charge. The amount which the depositors will realize will not be known til the examiners complete their report. Carl Trout, deputy superintendent of banking, and Bruce send, charge of the distribution receiverships, were in Daventoday. Rodine was placed charge of the Home Savings bank while Joe Snover took over the
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2.
February 4, 1933
The Daily Times
Davenport, IA
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Delivery to the Bechtel Trust Co. of the AmerTrust Co. of now securities valued owned by the Grand Lodge order signed by District today the Scott county district court. Application for transfer of the Bechtel Co. was made Block Block, attorneys for the Grand Lodge. The securiwere placed with the American Trust Co. under trust agreement Feb. 13, 1932. Payment of $20,216.67 to the Merchants National bank of Cedar Rapids from assets of the closed Northwest Davenport Savings bank approved today Judge Maines on application of the bank receiver. The amount represented loan the Northwest bank dated Dec. 1932, due. Feb. 1933 Lynn, examiner in charge bank, the with the Cedar Rapids bank.
3.
February 7, 1933
Quad-City Times
Davenport, IA
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THE STOCKHOLDERS
Approximately 300 Share Owners in Northwest Savings Involved.
Instructions to bring suit against stockholders of the Northwest Dav enport Savings bank, which pended operation en Dec. 24 last, special levy for the today District Judge Harry Lynn, examiner in charge, the neys, John The tiled for the March term of There approximately individual stockholders, according the The bank capitalized at $100.Eggert, cashier of the bank, the largest individual stockholder. owning shares. Similar action will taken connection with the of the Home bank, the tendorf Savings and the Union Bank Trust pany. The the Home Savings bank was filed today, and the ings bank will filed ernoon Wednesday. attor the Union ings Bank Trust company ready for several contemplated until after inventory record. The conference today the court, the examiner Davenport bank, and the attorneys senting the receiver for marshaling the assets discussing plans for the work. matter examiner said, before they position determine available depositors, man woman bread wants him
4.
February 24, 1933
The Rock Island Argus
Rock Island, IL
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FILE BANK DAVENPORT
Assessment of 100 Per Cent Ask. Stock of Northwest Savings in Action.
Two hundred individholders capital stock the closed Northwest Davenport Savbank, including persons transferred stock within the past year, defend100 per cent liability suit filed today Scott county district court by drews, receiver, and H. Lynn, examiner in charge. entire issue of stock, shares, the suit. An share asked. Albert Eggert, cashier of the bank, the heaviest stockholder, shares, and the president, Dr. Weber, possesses 16 shares. Depositor claims amount exclusive. bills able. Deficiency in assets for payment claims against the bank fixed the collection of the 100 per cent assessment not be sufficient overcome the deficit. suit lists 11 individuals who disposed of stock in the year ceding the closing of the bank, that these transfers clared "fraudulent, null and
5.
February 25, 1933
The Dispatch
Moline, IL
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Stockholders Of Two More Banks Iowa Are Sued
Suits asking 100 percent assessment against the stockholders the defunct Bettedorf Savings bank the defunct Bettendorf bank bank Davenport were filed the district court of Scott county today by Andrews, Iowa of banking. similar action was started yesterday against the owners stock the Northwest Savings bank of Davenport. The against the Bettendorf stockholders sets forth that the bank owes depositors exclusive of other bills and that the examiner the deficiency This stitution has 250 shares of par outstanding. The Home Savings bank owes positors and the examiner the deficiency $100,000. hundred shares $100 par are listed in the suit.
6.
March 19, 1933
Quad-City Times
Davenport, IA
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FILE CLAIM TO SALE PROCEEDS HELD BY BANK
Claims for the surrender of $1,418.47, representing proceeds from public sale, on the ground that the proceeds constitute a trust fund and not deposit were filed against the receivership of the Northwest Davenport Savings bank Saturday Charles E., Julius J. and A. W. Werthmann, thru their attorneys, Bush Bush. The funds in question were pro ceeds from sale on Dec. at which Albert Eggert, cashier of the bank, officiated as clerk. In his claim of $1,165.20. Charles E. Werthmann states that he called the bank on Dec. 16 and demanded the money from the sale. He was refused on the ground that the records had not yet been straight ened out. The bank suspended business on Dec. 24 The claimants deny that they au. thorized anyone to deposit the money in the bank. They ask the court to classify the fund as trust and not as general claim. Julius Werthmann's claim totals $188.32. and W. Werth mann's $64.95. All three claims are based upon proceeds from the same
7.
April 27, 1933
Quad-City Times
Davenport, IA
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Report Covering Three Operation at Northwest Approved.
Cash receipts of and disbursements totaling $24,082.82 set the first report the receivership of the Northwest Davenport Savings bank filed today the district court Lynn, examiner in charge. The report, covering the period from date of the December and includMarch 31, approved Judge W. Scott. The report lists total revised assets of the bank, suspended business Dec. 27, Cash included collected bills receivable: $12,702.77 mortgages, on stockholders assessliability. Offsets allowed by the examiner charge include receivable; gages. Disbursements. totaling include receivership expense; $488.68 advanced conassets, and $20,216.67 paid the Merchants National bank, CeRapids. Cash on hand on March 31, cluding the collections made the the and including March together with cash hand the bank closed, totaled
8.
May 16, 1933
Quad-City Times
Davenport, IA
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COURT EVIDENCE ON
Owners of Farm Sale Proceeds Insist Claim Receive Priority.
Objections the classification of the Werthmann brothers claim against receivership the Northwest Davenport Savings bank presented today in DisJudge W. Scott's court counsel for the claimants. The claim, involving proceeds from farm sale collect. by Albert Eggert, cashier, officiated clerk of the sale, was classified by examiner charge general depositors claim. The claimants, Julius Charles and Werthmann, thru their Bush Bush, contend the should be rated claim, ahead of the claims. The held early the collect by Eggert, were the latter into cashier's check payable to After bank closed on Dec Eggert assigned cashier's check claim to the Werthmanns Mr. Eggert was called to the witness stand this afternoon his version of the proceeds of the farm sale was not turned over Werthmanns' before the bank suspended business The objections are first tried out in court the general approval of the classifica tion of claims three bank ceiverships signed Monday by the court. The court order of approv. exempted all objections which subject to court hearings later.
9.
August 30, 1933
Quad-City Times
Davenport, IA
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BANK RECEIVER WINS RIGHT TO PREFER CLAIM
Right of the Northwest Davenport Savings bank receivership claim of $2,500 against Anna Wolters estate upheld today District Judge court. claim contested by John Wolters, executor of the estate, the ground that claim was barred because had not been sented during the year the estate to probate.
10.
October 26, 1933
The Daily Times
Davenport, IA
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News in Brief
Several business organizations of Davenport are showing keen interest in the plans for the speaking and selling course to be offered the Young Men's Christian asopening Friday evening under the leadership of Prof. Clay of the State University of Iowa and are couraging attendance by their salesmen, executives and managers. With the adoption of codes. standards competition and wages, speaking and selling will play an important part in many cases, maintaining profits in the face of increased costs, and for this reason many business organizations are giving more attention to the training of men and women.
District Judge W. R. Maines has signed an order denying an extension of the period of redemption for as asked by HenBehr in mortgage foreclosure case brought by the Northwest Davenport Savings bank receivership.
Mr and Mrs John Erwin, 802 West Third street, Davenport, and their son, Henry, of Chicago, attended funeral of Louis Schwab in Muscatine Monday.
The office of the Davenport dies' Industrial Relief society will be closed on Friday afternoon to permit members the staff attend the State Emergency Relief Institute which will be in session in Iowa City. Persons usualgetting budgets on Friday are asked to report at the office either on Thursday afternoon or Friday morning.
The will of Charles Suhr, Davenport, who died Oct. 11, was filed in Scott county district court, providing for bequest of to an adopted daughter, Adalena Nielsen, and the balance of the estate to daughter, Clara Schroeder of Davenport, named as executor.
Richard B. Nugent, executor of the estate of the late Robert Nugent, has paid in inheritance tax through his attorneys, Hoersch & Hoersch, Davenport, cording to receipt received Scott county district court from State Treasurer Leo J. Wegman.
Miss Edna Giesler, librarian of the Davenport public library, was named of the small brary round table section of the American Library association at the meeting of the group last week in Chicago. This section takes libraries in cities of 25,000 to 100,000 population.
11.
March 11, 1934
Quad-City Times
Davenport, IA
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Judge Scott has taken advisement the motion trial in the controversy check which the Soldier, Savings bank plaintiff and the Camanche Sand and Gravel Co., the Lynch Construction Co., defendants.
The Northwest Davenport Sav ings bank receiver, Attorneys Roddewig and Vollertsen, have brought action in Scott county disagainst Ernst Olderjudgment for leged due promissory note.
Ell Alexoff dismissed by Judge W. Maines defendsuit brought in district court John Smith against Alexoff and John for and lien. In the action against Alexoff, Judge Maines sustained his that he was not involved the case.
Action against Burkard and William Burkard, the charged with operating motor hicle while intoxicated, and the latter appealing on charge dismissed in disintoxication, was trict court when they paid costs. and Mabel Lynn and others are named defendants mortgage action brought Scott district court Attorney Jack Vollertsen. by The asks for judgment on note for plus interest from Jan. 24, 1932.
12.
March 16, 1934
Quad-City Times
Davenport, IA
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John M. Brown, to collect Fred Weisman filed suit against Walter Voelkers for $600 rental claimed due on farm. The petition recites on Nov. 1931, the defendant agreed to purchase acres in Butler township in the the plaintiff able to sethe property from the Clinton Savings bank. The plaintiff was unable do this and the claim filed on an alternate agreement for of rent in the event payment was not made. The Northwest Davenport Savings receivership seeks foreclosure collection of from Henry Kuehl.
13.
April 18, 1934
The Des Moines Register
Des Moines, IA
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INTEREST SLASH APPROVED.
(The Register's Judge W. R. Maines signed an or. der Tuesday authorizing a con. tract between the Northwest Davenport Savings bank receivership and the Reconstruction Finance Corp. for reduction of the interest rate on the bank's old R. F. C. loan from 53 to 4 per cent.
14.
June 29, 1934
Quad-City Times
Davenport, IA
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REPORT DEPOSITORS SECURE CHECKS
Northwest, Home and tendorf Bank Starts Monday.
Approximately 6,650 depositors the closed Northwest Davenport, Home and Bettendorf ings banks will benefit from tial payment made those institutions beginning Monday, announced in Thurs day evening's Democrat. Dividend checks totaling $998, 103.28 distributed the three houses. The checks drawn the Bank Trust felt that the release this amount cash time have very beneficial effect on local business. The number depositors amounts to paid out each receivership office Northwest depositors. Home depositors. Bettendorf Savings to depositors.
15.
July 19, 1934
The Des Moines Register
Des Moines, IA
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Polk-Peterson Buys Webster Bond Issue
RECEIVER REPORTS.
(The DAVENPORT quarterly Peterson Corp. of Des Moines report filed Wednesday for the Wednesday purchased $39,000 closed Northwest Davenport Sav. issue of Webster county poor relief ings bank by Receiver H. Lynn, bonds, maturing from 1935 to 1943 showed cash receipts amounting The bonds bear 3-4 per cent $72,424. Total net expenses interest, the lowest in the county's for the receivership for the same history. No premium was paid amounted to $9,300.