First Liberty Savings Bank - Eagle Grove, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 1, 1932*
Location: Eagle Grove, Iowa (42.664, -93.904)

Metadata

Model: gpt-5-mini
Short Digest: 60ab3952

Response Measures

None

Description

Newspaper items (Dec 22, 1932) report the recent closing of the First Liberty Savings Bank in Eagle Grove and that John Hanson was appointed receiver. No article text describes a depositor run; bank was closed and placed in receivership — classify as suspension leading to permanent closure/receivership.

Events (2)

1. December 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank had been closed and a receiver subsequently appointed (closure by authorities/receivership).
Newspaper Excerpt: Owing to the recent closing of the First Liberty bank in this city, the finances of the Independent school district of Eagle Grove are badly crippled.
Source: newspapers

2. December 22, 1932 Receivership

Newspaper Excerpt: John Hanson, of Woolstock, has been appointed receiver of the closed First Liberty Savings bank, and will move here with his family soon.
Source: newspapers

Newspaper Articles (1)

1. December 22, 1932 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, December 22, 1932

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Article Text

MORE PRISON FARMS NEEDED Pastor Speaks at Meet of Pottawattamie Bureau Council Bluffs. Ia.-Special: One of the best solutions for Iowa's increasing prison population is to double and treble its prison farms, Rev. J. R. Perkins, pastor of the First Congregational church and former warden of the lowa state penitentiary, declared in an address, Farming With Convict Labor, before the west Pottawattamie county farm bureau at its annual meeting. He said increasing prison farm areas are in step with more enlightened prison management and in the long run will make better returns in finances and manhood. the rate crime is increasing and the rate men are being placed behind walls, another decade and the prison problem of Iowa will be In: soluble unless there are drastic changes in the state's penal system," said Rev. Mr. Perkins. "The more men wall in. the greater and more varied the number of industries must the state maintain. and the greater the probability of prison made goods coming into conflict with free labor's output Among resolutions adopted were those for rigid economy in government management. passage of flat income tax to replace entire state millage levy: 25 per cent reduction in county and state officers and employes' salary and levies. and reduction in commission charges and feed prices at Omaha market. DOMESTIC ALLOTMENT PLAN INDORSED BY CLAY FARMERS Spencer, la Special: Indorsement and support of the domestic allotment plan was among the resolutions voted by the Clay County Farm bureau in its annual meeting here Monday along with the recommendation of Henry Wallace as secretary of agriculture, and condemnation of the Iowa law which allows deficiency judgments Thanks also extended to the Clay County Bankers association for the $200 given by it for award to 4-H club members who won prizes at the county fair. Charles S. Brown. known as "Farmer" Brown. of Arizona. spoke on the value of farmers organizing deciding what they want and getting it through the strength of their or. M. O. Johnson, of Gillette Grove was elected president. succeeding Julius Everly. J. V. Dolvin elected president: George Heikens, secretary: John Duncan, treasurer: Mrs. Frank Elliot. chairman of work. and Mrs. Lester Winn, chairman of girls' club work. VOUCHER TREDIT PLAN IS ADOPTED AT BATTLE CREEK Battle Creck, la. Special: Mayor F. O. Cubbage and business men of Battle Creek adopted the Battle Creek voucher plan. The credit voucher plan is easily understood, the business men knowing exactly what each voucher cost him through its passage Each person receiving the voucher will simply sign his name on the back of it before passing it on until the voucher has 20 signers. when it will be taken to the business man whose name appears on the face of the voucher and redeemed in merchandise by him. committee composed of H. A Hendricks Charles E. Churchill and D. McLain *38 appointed to get the support of every business place willing to operate. Ellis M. Coon will get the vouchers printed. EAGLE GROVE SCHOOLS TO CLOSE FOR ENTIRE MONTH Eagle Grove, Ia.-Special: Owing to the recent closing of the First Liberty bank in this city, the finances of the Independent school district of Eagle Grove are badly crippled. In consequence, the board of education passed resolutions to the effect that the schools be closed for one month, and no of the buildings during that time be permitted. No salaries are to be paid during that period except to janitors. Some changes are to he made in the way of teachers' salaries, and new will be offered them. which, if not accepted. will terminate their employment. MASONS AND EASTERN STARS OF MARCUS NAME OFFICERS Marcus, Ia.-Special: Stanley Addy was re-elected worshipful master of Marcus Masonic lodge. Other officers are Vivian Pierce, senior warden: R. P Pattison, junior warden: Joseph Hamilton, secretary. and J. R. Nield. treasurer. Marcus chapter, Order of Eastern Star. elected the following officers: Worthy matron. Mrs. Orra Hamilton: worthy patron. Pierce: associate matron. Mrs Margaret Mohr: assoclate patron: Fred Ritchie: secretary. Mrs Mabel Grauer: treasurer. Mrs. Gertrude Loomis: conductress, Mrs. Mabel Grippenberg. and associate conductress, Mrs. Ruth Rae. MISSING GIRL RETI RNS: SEEKS MARRIAGE LICENSE Ja. Special: Lola Clark, 16. missing Palo Alto farm girl whom officers were asked to find, returned to her home seven miles west of Emmetsburg few days ago, it is reported, stating that she had been at the home of relatives near Sioux Rapids. Shortly after her return. she and Dwight M. Hampson, 22, applied for a marriage license here. No explanation for her disappearance, which occurred several weeks ago, has been given to local officers, who had broadcast her description over several radio stations. attle a few minutes after her ship had sailed. She prevailed upon by company officials to board the plane which takes late mail to catch steamer at Victoria, B. C. She rived in time to take the ship for her destination. SCHALLER AND KINGSLEY SCHOOLS CLOSED BY SICKNESS Schaller, Ia.-Special: Because of the grip epidemic, the Schaller publie school closed Tuesday for two weeks' vacation. It had been previously planned for only one week vacation. School will open again January 3. ley public school was closed Wednesday because of considerable sickness. SAC COU RED CROSS CHAPTER IS ORGANIZED Schaller. Ia.-Special: A branch of the Sac county chapter of the Amer. ican Red Cross was organized in the Legion hall here. The following officers were appointed: Chairman, Mrs. L. F. Evans; chairman, Dr. F. M. McCray: secretary, Mrs. Vogler: treasurer, Mrs. Audrey Eastlack: executive board, Dr. R. Dewey. K. C. Edwards and B. Vander Naald. Farm Home Burns completely destroyed farm home 10 miles northeast of Emmetsburg. occupied by the Earnest Knutson family, and owned by Guy Campbell. of Emmetsburg. In attempting to rescue some household goods, Knutson and two neighboring farmers were quite badly burned about the face and hands. Estimated loss is $1,200. which was not covered by insurance. Talks on Tax Reduction Kingsley, Ia.-Special: E. E. BarNinth congressional district chairman of the Iowa Organization to Reduce Public Expenditures. spoke at the Kingsley Legion hall Tuesday on public expenditures and reduction of the present taxes. Bank Receiver Chosen Eagle Grove. Ia.-Special: John Hanson, of Woolstock, has been appointed receiver of the closed First Liberty Savings bank, and will move here with his family soon. Mr. Hanson had been in charge of the Woolstock banks, which closed two years ago, going to Woolstock from Stanhope. Bids $330 on Bank Assets Denison. Ia.-Special: The remainassets of the defunct Commercial bank of Schleswig were sold at public auction in the Crawford county courthouse Saturday. highest bidder being Hugo P. Saggau. His Lid for the assets, amounting to $118,000. was $330. Pays $7,445 for Gophers Denison, Ia.-Special: County Auditor P. J. Portz announced that $7,445 had been paid thus far in 1932 for bounty on gophers The bounty on wolves $196. The highest amount paid in one month for gophers was $1,215 in October. Schaller Masons Elect Schaller, Ia.-Special: The A. F. & A. M. lodge, No. 457, elected the following officers: W. J. Young, worshipful master; Einer Johnson, senior warden: W. F. McLaughlin, junior warden; William Carey. secretary, and F. E. Bleakly, treasurer.