eebf6fd4Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health
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PLANE SAVED BANK Des Moines, July 21.-The aero express was used here today to ward off a run on the Farmers and Merchants bank at Jefferson, Iowa. When the City bank closed its doors today. Jay M. Wiggins, president of the other institution, took an airplane to Des Moines got several thousand dollars and flew back home. The City bank was a private Institution capitalized at $50,000.
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Jefferson, Iowa, Bank Closes Down DES MOINES, Iowa, July 21.The City Bank of Jefferson, Iowa, 60 miles northwest of here, closed its doors today, according to advices to Des Moines bankers. The bank, a private Institution, was capitalized at $50,000. Fearing a run on his bank, Jay M. Wiggins, president of the Farmers' and Merchants' bank at Jefferson, made a hurried trip to Des Moines via airplane and obtained several thousand dollars in currency. The return trip was also made via plane. Turnhout, Belgium, has a school for lacemaking, which is attended by 1,600 children.
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enn with a band of 30 gypsies at the edge of town and handed over $75 when it was demanded by the sheriff. Coal production in Iowa is averag. ing 50 per cent more now than it did at this time a year ago. Fuel is being mined in this state at a rate of between 9,000,000 and 9,500,000 tons annually, whereas the 1919 production amounted to only 6,000,000 tons. The City Bank, a private banking institution at Jefferson, Iowa, has closed its doors. Slow collections on farm loans and the car shortage are given as the reason for the fall. Jay M. Wiggins, president of the Farmers and Merchants National bank at Jefferson. went to Des Moines by airplane to secure funds to forestall an anticipated run on his bank, due to the failure of the sister financial institution. E. J. Dixon, prominent resident of West Grove, was fined $5000 by Judge Martin J. Wade in Federal Court when found guilty of violation of the federal espionage act. Dixon's attorney immediately appealed the case and the appeal bond was fixed at $7500. Dixon is alleged to have made severe remarks against the policy of the present administration during the world war. Dixon is a bachelor and is said to be worth about $100,000. The Department of Agriculture has fust published data summarizing the most of production of wheat for 1919 on 481 Iowa farms. Two farms of the 481 produced wheat at a cost as 20 uo while bushell Jed IS se MOI eyL Der 9$ лэло SEM 11 Farms average was $2.15 per bushel. Yields averaging 14.9 bushels on the winter whent farms studied and S.4 bushels on the spring wheat farms, and the average cost per acre was $27.80 for the winter and $22.40 for the spring. Under a decision rendered by the Iowa supreme court ballots used in a franchise election must state in full the proposition to which the voter is asked to give his consent. The decision was given in connection with the election held recently in Newton on which the citizens voted on two propositions; one being the sale of the old city owned light plant to A. H. Rich and the other on the granting of a franchise to Rich and his company to operate an electric light plant. The hot formaldehyde method of treating seed potatoes is proving very popular with Mitchell county farmers. During a recent week five demonstrations were held in the county and fully 900 bushels of potatoes of seed treated by this method. The method consists of merely soaking the potatoes for two minutes in a solution of formaldehyde, made up in the ratio of one pint of formalin to 15 gallons of water, heated to a temperature of 118 degrees to 122 degrees F. The first statewide contest to determine the highest yiefding strains of corn is being conducted by the Iowa Corn and Small Grain Growers association and is well under way Definite plans for this competition were not formulated until early in March, yet 128 of the leading farmers of the state entered their highest yielding strains of corn in this new departure in corn comparison. Such a representative number of entries insures a successful contest. The record of John Sims, & Jackson county farmer, who had resided on the same farm sixty-six years, was thought to be unequalled in the entire- county. Now comes Frank Burleson, an old and well known resident of the community west of Maquoketa, who has lived On his farm eighty-three years. His father bought the place and moved there when Mr. Burleson was six months old, In 1860, Mr. Burleson married and took his bride to the home farm and for sixty years they have lived there together. Mr. Burleson's father. Shade Burleson, was one of the earliest settlers of the county. Selling for $10,000 an animal for which he paid $86 a little over eight months ago is the record made by Howard L Cook of Coffin's Grove township near Manchester. He sold
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INTERMOUNTAIN. Mrs. Imanuel J. Kandt was killed and her husband and Mr. and Mrs. Andrew Stitber were injured in a cyclone that swept through a portion of McHenry county, ten miles south of Anamoose, N. D., late Friday. Mose Gibson, negro, sentenced to hang for murder of Roy Trapp, Fullerton, Cal., rancher, has confessed to ten murders and SO mapy burglaries the could not enumerate them. Only families with children can rent Mwellings owned by H. L. Neslin, a Walla Walla landlord, it has been anmounced. Mr. Neslin has promised to give his tenants a month's rept free for every child born to them while they are residing in his houses. Excerpts for the Marconi Wireless company, who are at St. John, N. F., conducting experiments in long distance wireless telephonic communitations, have announced that they have heard messages from the Chelmsford station near London more than 2,000 miles distant. All records for travel in Yellowstone national park were broken on July 22, when 1383 persons and 241 private automobiles were admitted. More than 26,000 persons have visited the park this season, about 20 per cent more than during the same period last year. DOMESTIC. Walter S. Wilson, widely known throughout the southwest as a. cowboy and exhibition roper, was shof and killed Saturday on a country road near Winfield, Kansas. Ashby H: Keeney, son of Seth A. Keeney, Santa Barbara, Cal., bank president and former owner of the Brooklyn Daily Eagle, was killed Saturday in an auto accident. J. M. Zion was nominated for governor by the Farmer-Labor party at Indianapolis, Ind., Saturday, over Francis J. Dillon of Indianapolis. Mr. Dillon was the party's choice for United States senator. Mr. Zion is a farmer. All forms of work were stopped Saturday at Vera Cruz as a result of the general strike. At a meeting of merchants it was proposed to close all business places if the strike continued. Bodies of 881 American soldiers who died overseas, arrived at New York, July 21, on the steamsnip Princess Matolka from Danzig and Antwerp. Twenty-five "war brides" of French and German nativity were among the first cabin passengers and Polish repatriated troops composed the majority of the 2,094 steerage passengers. Prohibition has been beneficial to the nation's industrial and economic life, in the opinion of Elbert H. Gary, head of the United States Steel corporation, who issued a statement at New York on the eve of departure for Europe, giving his views on the business outlook generally. Dr. Stockton Axson, President Wilson's brother-in-law, and during the war national secretary of the American Red Cross, collapsed last week, and left Los Angeles to seek tréatment for nervous breakdown. Two miners were wounded when the Portsmouth Solvay Coal company's mine at Freeborn, W. Va., was attacked by Spersons hidden in the hills on the West Virginia and Kentucky sides of Tug river. Chairman White of the Democratic national committee has announced that Saturday, August 7, had been chosen as the date for notification of Goyernor Cox_of his nomination as presidential candidate. The City Bank of Jefferson, Ia., has closed its door. Fearing a run on his bank, Jam M. Wiggins, president of the Farmers and Merchants' bank at Jefferson, made a hurried trip to Des Moines via airplane and secured several thousand dollars in currency. Whether the spectre of a nationwide railway strike has been laid by the $600,000,000 wage increase granted on July 20 to more than 1,800,000 railroad employees remains undecided. The $600,000,000 award represents a 21 per cent increase in the pay of the railwaymen. For the first time in history the roads' payrolls this year will pass the three billion dollar mark. Parley P. Christensen, FarmerLabor party candidate for president, telegraphed from Denver to Senator Harding, Republican nominee, and Governor Cox, Democratic candidate, suggesting that all join in a demand upon President Wilson to immediately release Eugene V. Debs from prison. Jack Johnson, negro, former heavyweight champion pugilist, crossed the international boundary line from Mexico near San Diego on Tuesday, and was arrested by the deputy United States marshal. Johnson is under sentence in Chicago for violation of the Mann act. On July 20, Sir Thomas Lipton's yacht, the Shamrock IV, ran up a tally of two races to none against the American defender Resolute winning in
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Airplane Checked Run on Iowa Bank. Jefferson, Ia.-A threatened run on the Farmers and Merchants' bank was warded off when President Jay M. Wiggins rode in an airplane to Des Moines and, securing several thousand dollars, flew back to the city.
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Airplane Checked Run on lowa Bank. Jefferson. Ia.-A threatened run on the Farmers and Merchants' bank was warded off when President Jay M. Wiggins rode in an airplane to Des Moines and. securing several thousand dollars. flew back to the city.
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Airplane Checked Run on owa Bank. Jefferson, In.-A threatened run on the Farmers and Merchants' bank was warded off when President Jay M. Wiggins rode in an airplane to Des Moines and. securing several thousand dollars. flew back to the city.