3580. American Savings Bank (Maquoketa, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
June 25, 1934
Location
Maquoketa, Iowa (42.069, -90.666)

Metadata

Model
gpt-5-mini
Short Digest
f42eac40

Response Measures

None

Description

Articles from 1934 refer to the bank being in receivership and a court decision involving the receiver (June 25, 1934) and a receivership sale of property (Dec 2, 1934). No run is described; the bank appears closed and in receivership, indicating suspension followed by closure/receivership.

Events (2)

1. June 25, 1934 Receivership
Newspaper Excerpt
The supreme court Friday affirmed the decision of Judge F. D. Kelsey, in the case of the Standard Oil Co. against the receiver of the American Savings Bank of Maquoketa. The lower court had ruled that the plaintiff's claim was a preferred claim, payable in full, which ruling the supreme court has sustained. The amount of the claim is $665 Local attorneys trying the case were L. C. Schroeder for the plaintiff, and Schoenthaler & Lee for the defendant bank receiver
Source
newspapers
2. December 2, 1934 Other
Newspaper Excerpt
building on North Main Garage street was sold yesterday to H. Rasmussen by the American Savmgs bank receivership for $6,375 after two cases of resistance were heard in district court by Judge Kelsey Friday.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Times, June 25, 1934

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Article Text

SUMMER SCHOOL AT MAQUOKETA CHURCH BROUGHT TO CLOSE MAQUOKETA, Ia., June 25. (Special) Vacation school at Sacred Heart Catholic church closed Saturday, after two weeks activity Sister Bernadette and Sister Stanislaus of Dubuque had charge of the classes. Seventy-six were enrolled and 62 were perfect in attendance. The following children received their first Communion, Sunday morning: Gerald Feltes, William Regenwether, John Goetsch, Wanetta Entringer, Margaret Voorhies, Anna Louise Gagnon, Marianne Grager, Rose Mary Despeghel, and Dolores Special honor awards have been announced for children in grades to 4, Margaret Jordan, Wilfred Medinger, John Smith and Averle Hazer: in grades 5 and 6, Jean Ellwanger, Patricia Budde, Nadine Wallace, Joseph Mohr and Ruth Mae Hazer; and in grades 7. 8. and 9. to Lawrence Hazer, Eleanor Wallace, Doris Budde, Mary Regenwether, Elizabeth Bronson, Kenneth Smith, Kathleen Cram, and Marcella Mohr Stolen Ambulance Located H. Gale Buchner's ambulance car, taken Thursday afternoon about 4 o'clock, was abandoned that evening in Sabula, according to word received here Saturday The car had been driven 150 miles, Mr Buchner said, and was entirely out of gasoline. Someone saw man dressed in blue overalls and shirt get out of the car. at Sabula, Thursday evening, about 7 o'clock. and go across the railway bridge. No one knew of the theft, and thought nothing of the matter until after reading of the theft in Friday night newspaper and Mr Buchner was later notified of the finding of his car It had some scratches on the side, and one bumper was damaged. Decision Upheld The supreme court Friday affirmed the decision of Judge F. D. Kelsey, in the case of the Standard Oil Co. against the receiver of the American Savings Bank of Maquoketa. The lower court had ruled that the plaintiff's claim was a preferred claim. payable in full, which ruling the supreme court has sustained. The amount of the claim is $665 Local attorneys trying the case were L. C. Schroeder for the plaintiff, and Schoenthaler & Lee for the defendant bank receiver Other Maquoketa News Mr and Mrs Lester Romer left Sunday morning for Templar park, where they will spend the week. Mr Romer is commander of the Knights Templar of Maquoketa. Mr and Mrs R. B. Grapengeter are also in Templar park for the week, where Knights are taking special training Mrs James Campbell returned home Saturday night from Des Moines where she spent a week with her daughter, Mrs F. J. Swift and family. Her granddaughter, Regina Swift, has been seriously ill for the last two weeks suffering with a goiter, and is still confined to bed, but she is now making a satisfactory recovery, it is believed. Mr and Mrs M. K. Miller observed their fifty-second wedding anniversary, Friday, and the rook club surprised them by calling in the evening. On Sunday, a family dinner was enjoyed in honor of the occasion. Word from the University hospital in Iowa City Sunday indicated that Glen Glaser, who has been very ill for the last three months, was to submit to another operation at the hospital this morning. Howard Wright, who underwent a second operation on Thursday. is not gaining with the rapidity that would please his friends, and is still in the University hospital. Louis "Frenchy" Patridge entered the hospital in Iowa City Saturday for treatment Harry Nelson submitted Sunday morning in the city hospital to an appendectomy. He is son of Peter Nelson and is employed on the Clifton Tubbs farm. A daughter was born Saturday, June 23, to Mr and Mrs Isaac Welch, near Maquoketa. A son was born Sunday to Mrs Orphus Clark of Maquoketa.


Article from Quad-City Times, December 2, 1934

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Article Text

GARAGE SALE IN MAQUOKETA EFFECTED Leasee and Monticello Bank Claims Involved; Outlook Meetings. Dec. Ford Maquoketa, building on North Main Garage street was sold yesterday to H. Rasmussen by the American Savmgs bank receivership for $6,375 after two cases of resistance were heard in district court by Judge Kelsey Friday. George Barclay, operating garage in the property, claimed he lease with the bank receiver giving him first option. However, the lease was subject approval by the state banking department court, but this had not been done and the judge overruled the resistance. The Monticello bank claimed ownership of chattel covering certain hydraulic equipment and claimed that such equipment could not be sold with the building. Judge Kelsey took this matter under advisement. Reduce Relief Grant. Lucille Feldkramp, county social worker, announced Friday that Jackson county's grant from federal and state sources for unemployment relief has been greatly reduced for The county has been paying about $1,000 month for such work, but the ruling will make it for the county to spend about $2,500. Only $1,727 can be obtained from federal funds December. During November $2,300 was granted. Outlook Meetings. F. E. Krause, county farm buragent, has scheduled several Outlook next week. Fed. eral programs, price changes and other important matters will be discussed. This evening meeting was held the Preston city hall for Van Buren township members. At Monday the Perry township meeting will be held the Andrew creamery hall at 1:30. Monday evening Otter Creek farmers meet in the Otter Creek parish school. Tuesday Richland township will meet at the Cottonville o'clock, while Brandon township will meet that evening at 7:45 at Emeline church. Wednesday evening Iowa and Union townships meet in the Sabula city hall at 7:45.