Ringgold County Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 11, 1930
Location: Kellerton, Iowa (40.711, -94.050)

Metadata

Model: gpt-5-mini
Short Digest: 6b1872f3

Response Measures

None

Description

Multiple newspapers (published 1930-12-12) report the Ringgold County Savings Bank of Kellerton, Iowa, closed today and turned their affairs over to the State Banking Department. No run or depositor panic is described in the excerpts. The closure appears to be an official/state action; exact reason for state takeover not given in these clips.

Events (1)

1. December 11, 1930 Suspension

Cause: Government Action
Cause Details: Bank closed and its affairs were turned over to the State Banking Department (state banking authorities assumed control).
Newspaper Excerpt: The Ringgold County Savings Bank, Kellerton, Iowa, closed today and turned their affairs over to the State Banking Department.
Source: newspapers

Newspaper Articles (5)

1. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, December 12, 1930

Click image to open full size in new tab

Article Text

Curb Recovers From Lows SPECIAL DISPATCH TO THE ENQUIRER New York, December 11-Announcement before the opening of the suspension of an important local bank brought the expected rush of selling orders on the Curb Exchange and prices were depressed throughout the list. Business was especially active in the utility and investment trust section of the market, where in some instances new low prices for the year were recorded. After the initial shock had passed there was an improvement in sentiment and a slowing down of liquidation, with some measure of recovery in spots. The fact that losses were lower. (Quotations by The not greater was regarded as encouraging. Such issues as Electric Bond Share, American Superpower and Niagara Hudson Power, together with Cities Service, bore the brunt of the pressure in the utilities, while Goldman Sachs had to absorb many large offerings in the investment trust section. Bonds were down sharply allround, losses ranging large fractions in high grades to several points in the more speculative descriptions. Denial was made from half dozen banks that they had sold any bonds whatever Most of them stated that the market was too thin in which to sell any important blocks of bonds. Foreign bonds were quiet and Associated Press.) LOUISVILLE BANK SOLVENT. BUREAU SPECIAL Louisville, Ky., December 11-The Bankers' Trust Company, which closed for the purpose of conserving resources, is solvent, according to information filed in Circuit Court day. Walter Jacob, realtor, atppointed yesterday as Special Deputy Commissioner to liquidate the affairs of the Bankers' Trust Company by W. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December 11-(AP)The Sutherland State Bank, Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs over to the State Banking Department. The bank at Sutherland was capitalized at $40,000 and the Kellerton Bank at $25,000. (Sales in Hundreds) STOCKS. Prod (1.60) Gas Laundry Sug Mach (9G) Service Rey Do Bond Foreign Hugh Bak Min Ind Louis DOMESTIC BONDS. DOMESTIC BONDS. DOMESTIC BONDS. FOREIGN warrants. warrants.

2. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Click image to open full size in new tab

Article Text

Bond Averages portance principally to the day-today speculators. Investment buying highest increased to slight extent among grade stocks. The Dow-Jones industrial average ended the day at 170.31, off 3.67, and new low since 1928. The rail average dipped to off 1.12, and new low since 1925. The utility figure was down only 0.68 at 59.18, 1930 low Sales to 2,888,910 shares, against 3,146,950 shares yesterday Stock Loan Rates. New York, December U. S. Steel, Illinois Central and Wheeling & Lake Erie and preferred 1-32 prem., Auburn 1-28 prem. Eastman Kodak Transamerica, and Westinghouse, 1-64 premium. Following stocks loaning flat: Air Reduction, Allis Chalmers, Allied Chemical, American Brown Boveri, American Can, American International American Locomotive, American Smelting, A. & American Tobacco, American Water Works, American Woolen common and preferred, Atchison, Anaconda, Baldwin, Baltimore & Ohio Bethlehem Steel, Chesapeake & Ohio, Chicago & East Illinois, Chicago Great Western common and preferred, St. Paul, Chicago, Pneumatic Tool, Rock Island Chrysler, Coca Cola. Columbia Gas, Consolidated Gas, Continental Can Crueible, Delaware & Hudson, Detroit, Edison, Drug, Du Pont, Electric Auto-Lite, Electric Power, Erie, Fox General Electric, General Motor, Gillette. Goodyear, Houston Oil, International Nickel, Johns Ken necott, Lambert, Liggett & Myers B. Lehigh Valley, Loose-Wiles Lorillard, Mack Truck, Montgomery Ward, Nash, National Dairy, New Haven New York Central, American, Phillips Pete, Procter & Gamble, Public Service, Pullman, Radio, R. K. O., Real Silk, Republic Steel, Royal Dutch, Frisco. Sears, Simmons, Sinclair Southern Railway, Standard Gas, Standard Oil, New York., Studebaker, United Aircraft, United Corporation. United Fruit. U. S. Pipe, Studebaker, U. S. Rubber, Wabash, Western Union and Woolworth. Loans Off $12,000,000. SPECIAL THE Washington, December 11.-Loans on stocks bonds brokers and dealers by reporting Federal Reserve member banks in New York City decreased $12,000,000 during week ended December 10, 1930, $2,099,000,000. This compares with $2,122,000.000 in previous week and $3,425,000,000 in like 1929 week. Detailed figures follow: December own account $1,293,000,000 For others Totals Demand loans were $1,551,000,000. time loans $547,000,000 and loans and investments $8,280,000,000. Dow-Jones Averages. 30 industrials 170.31. off 3.67. 20 railroads 97.68, off 1.12. 20 utilities 59.18. off 0.68. 40 bonds 93.28, off 0.45. Money. New York, December 11-(AP)Call money steady, two per cent all day. Time loans easy: 60 to 90 days to 24, four months 24, five to six months 2½ per cent. Prime commercial paper 2% to 3. Bankers acceptances unchanged. Comments By Brokers. Otis- view the news had rally up the some selling that commitments event may believe made for trading turnover the early yesterday found vidence Much has that has available by would giving seasoned earners yield market trend stage well be second SILVER. December silver LOUISVILLE BANK SOLVENT. Louisville, Ky., December 11-The Bankers' Trust Company, which closed for the purpose of conserving its resources, is solvent, according to information filed in Circuit Court to day. Walter F. Jacob, realtor, appointed yesterday as Special Deputy In Commissioner ot liquidate the affairs of the Bankers' Trust Company by W. A. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December The State Bank Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs the State Banking Department The bank at Sutherland capitalized at $40,000 and the Kellerton Bank at $25,000. [Copyright, 1930, Standard Statistics Thursday Previous Month ago Year Two years 104.8 99.6 99.7 Three ago weekly aver. 102.3 High (1930). Low (1930) High (1929) Low (1929) 90.4 100.8 96.0 96.3 *New 1930 low.

3. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Click image to open full size in new tab

Article Text

Curb Recovers From Lows SPECIAL DISEATCH TO THE New York, December 11-Announcement before the opening of the suspension of an important local bank brought the expected rush of selling orders on the Curb Exchange and prices were depressed throughout the list. Business was especially active in the utility and investment trust section of the market, where in some instances new low prices for the year were recorded. After the initial shock had passed there was an improvement in sentiment and a slowing down of liquidation, with some measure of recovery in spots. The fact that losses were not greater was regarded as encouraging. Such issues as Electric Bond Share, American Superpower and Niagara Hudson Power, together with Cities Service, bore the brunt of the pressure in the utilities, while Goldman Sachs had to absorb many large offerings in the investment trust section. Bonds were down sharply allround, losses ranging from large fractions in high grades to several points in the more speculative descriptions. Denial was made from half a dozen that they had sold any bonds Most them stated that the was too thin in which to sell any important blocks of bonds. Foreign bonds were quiet and lower. Associated Press.) LOUISVILLE BANK SOLVENT. information filed in Circuit Court to day. Walter F. Jacob, realtor, appointed yesterday as Special Deputy Commissioner to liquidate the affairs of the Bankers' Trust Company by W. A. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December 11-(AP)The State Bank, Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs over to the State Banking Department. The bank at Sutherland was at $40,000 and the Kellerton Bank at $25,000. (Quotations (Sales (Sales Hundreds) MacMarr Laundry Aircraft Duquesne (6%F) Pow Foreign Fox Min Rubenstein Gold Louis DOMESTIC BONDS DOMESTIC BONDS. BELOIT GAS ELECTRIC FIRST 5% SINKING FUND BONDS. Notice hereby pursuant to the March use the reserves the right to ject any THE FIFTH THIRD UNION TRUST of Ohio, The Union Savings Bank & Trust Co. Ohio, November 28, 1930. Offices To Rent In Provident Bank Bldg. Best location in Cincinnati. In the heart of down town business district. All Modern Conveniences. INQUIRE Provident BUREAU Savings Bank & Trust Co. Louisville, Ky., December 11-The Seventh and Vine. Bankers' Trust Company, which closed for the purpose of conserving its resources, is solvent, according to

4. December 12, 1930 The Springfield Daily Republican Springfield, MA

Article from The Springfield Daily Republican, December 12, 1930

Click image to open full size in new tab

Article Text

Two Iowa Banks Close Their Doors Des Moines, Iowa, Dec. The State bank of Sutherland and the Ringgold County Savings bank of Kellerton, Iowa, closed today and turned their affairs over to the state banking department. The bank at Sutherland capitalized at $40.000 and the Kellerton bank at $25,000.

5. December 12, 1930 The Spokesman-Review Spokane, WA

Article from The Spokesman-Review, December 12, 1930

Click image to open full size in new tab

Article Text

AT THE CITY HOTELS Hadley Mr. and Mrs. Thorn: L. N. Meck, rancher, Ione, is at Edward Gray the Pedicord. and Mrs. D. M. R. McKee, wheat grower, Ritz- Palmer: San Francisco-F Fraville, is at the Victoria. R. Miller Roy Morrison hotel Kellogg, Idaho, is at the Spokane. ver, Barnes: Salt Lake City-B. Duggan, wheat grower, George: St. Maries- and Mrs. Ephrata, the Victoria. R. McCabe: John-W. SpenG. Burchett, hotel Wallace, Idaho, the Ridpath. A. W. at the Pennington. man Stines, Charles Ort, Richardson, Frank and Mrs. Mrs. H. C. H. B. Odessa, is at the Coeur "Alene E. M. rington, at the Coeur d'Alene. W. DeFoe, Woodman. Mr. Walla and Mrs. ClemtWalla, is at the New Arlington. Mason, Mr. Mrs. Peaand wife are at the Pennington Walker, Riley Farrell. contractor. Coeur W Davies: and Mrs. C. Crowe. Swisher, lumberman. St. Fingland: Maries, Idaho, is at the Halliday Vernon-Max H. Ruhman VancouMartin Schmidt. Sand point, Idaho, at the Fairmont. Mrs. Wilson. Mrs. Hanson: Wildwood-H Mrs. Sara Gearon. hotel owner Foster Goslin: E Wallace, Idaho, is at the Spokane. Fahey, H. Diehl. Anthony SpuEdward A. Powers, fruit grower, Wenatchee, and wife are at the Hal1y, H. Yakima- Newliday. H. Registrations at the Davenport hotel, Spokane, up to December were from 48 cities 15 states and foreign countries, as fol. lows: Atlanta-R. E. Lee Boise-C. Green, H. E. MorN. Jordan: Coeur Alene-Carl Corvallis-B. G. Thompson, R. H. Robison: Denver-R. G. Hood Childs: HelenaMr. and Mrs. McCarthy: How. Hayden Lake -Edna H. Benson: Kellogg- Huber Mrs. M. Savage, Miss M. Math Bert Klinger. Shimer, Long ley; and Mrs. H. St. John, Mr. and Mrs. Paulsen. D. White James McMonigle Clay terfield. Mrs. H. M. Mrs. Wakefield H. and family: Jukan Larkin: Northport-Fr Mathews: York Strand, Gilbes, M. Dag O. M. W. Bundy: W. E. Rueppell, J. C. Judd, C. E. F. N. Martin: PendletonR. H. and claiming to be something-a prodnet of nothing as the mimicry of mortal concepts, that thinking in the ordinary ways the little character and lots harm. On the other hand, entertaining thought divine opens the way for perfect and lasting Because the presence of divine with Think how derful that man his real being is "God's spiritual idea, perfect, eternal" (Science and Can we go on man be which wholly perfect Creator could To accept concept as an heir God renouncing true image and The image and God, Spirit, wholly spiritual, the pure and perfect male female idea. This idea now existing in full possession all its faculties, qualities, Embodying Right Ideas Accomplishes Much Else The embodying of right ideas accomplishes something else Wherever these Ideas are being the law of God. the law love, the law of dominion. comes into operation eliminate, destroy, annihilate mortal concepts At the same this divine acts as of in human afThat is the logical and natural the divine fact and that inevitably God must express Himself infinitely, eternally omnipresently. The law of God, God's omnipotent, dominion, away with all the Influences and suggestions which, according to views, parade the vestment of laws, but virtually are false beliefs since they and power of the only real law, the law of God. Understanding Bible Is an Essential Factor Hence the importance understanding the Bible The Bible is in respects Therefore needs inspiration be The understanding Christian Science gives this spiritual inspiration Hereby the beauty and consisteney of the Holy Scriptures are hanced For the one endowed with this they than ever inspiring instructive nant with practical value for his daily life. From Genesis to Revelation. read of the of Deity, through the Scriptures runs golden thread the divine In the Old Testament find recorded the great triumphs of spiritually minded, Israel materially minded and by the walls the furnace, in the This spiritual understanding the Christ, which according to the explanation and Health "comes to the flesh destroy (p. Gleams the all through the ages have come those divine and sincerely seeking higher selfWhile we in the Old Testaof the power of the and other spiritually per- sons. the New Testament has Jesus of Nazareth as its central figure, endowed with thority According to human stand. ards, possessed no riches, high office in state church, Yet was than Solomon or and his influence still on the He healed those who Incur able by current medical thought, fed multitudes. he raised the dead. and was tion that confronted him he himself exercised in the resur. rection victory over the of death as to prove Its utter fu. Why was his power so superior over mighty recorded in the Old Testament? Because ushered in more sense of law by "That love loved you." By this revelation the whole concept the Commandments of the Testament became more spiritual, and consequenti the themselves Illumined. Thoughts So Spiritual They Gave Him Power Jesus' thoughts were so spiritual they constituted his lawful authority power. Although spoke the Aramale tongue, de language, was fully aware of the permanent nature the vine ideas he He clared that and earth but not his words. This is the reason why, true meekness and might, he could speak with authority and not as the scribes. Their was terial and his was spiritual and substantial. They were centered selfishness; he was centered in divine Love. That is why Jesus said: "The Son can do nothing himself, but what seeth (that understandeth) the Father Jesus part human, but that he was knowledge was wholly of God. endowed him with to heal and save. His ability was of such nature that knew enough to let his immortal selfhood show forth the practical proofs of divine law and dominion. He that this Christ-iden and was everlastIngly one with the Father. Two Banks Close. DES MOINES, Iowa, Dec. 11 Sutherland State bank Sutherland and the Ringgold CounSavings bank Kellerton, closed turned their the banking partment. The Sutherland capitalized at and the Kellerton bank $25,000.