3648. Commercial National Bank (Chatsworth, IL)

View Charter #5519 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5519
Charter Number
5519
Start Date
February 26, 1930
Location
Chatsworth, Illinois (40.754, -88.292)

Metadata

Model
gpt-5-mini
Short Digest
0eb59bef380d8533

Response Measures

None

Receivership Details

Depositor recovery rate
51.7%
Date receivership started
1930-03-08
Date receivership terminated
1937-12-11
OCC cause of failure
Governance
Share of assets assessed as good
50.6%
Share of assets assessed as doubtful
39.5%
Share of assets assessed as worthless
9.9%

Description

The bank voluntarily closed its doors by vote of the board for the protection of depositors and was placed under the control of national bank examiners/Comptroller (Feb 1930). There is no clear description of a depositor run driving the action (articles mention some prior withdrawals and rumors), and the bank subsequently was declared insolvent and placed in receivership (Crichton, later Kelley). Dividends were later paid to claimants. Dates are taken from publication dates and article text (closure Feb 26/27/1930).

Events (5)
1. July 27, 1900 Chartered
Source
historical_nic
2. February 26, 1930 Suspension
Cause
Government Action
Cause Details
Board of directors voluntarily closed the bank for protection of depositors and notified national bank examiners; bank placed under charge of the Comptroller's examiner.
Newspaper Excerpt
Bank Closed. Upon vote of board of directors, this bank closed and under control of the Comptrollers of the Currency, Washington, H. Laufer, National bank examiner, in charge.
Source
newspapers
3. March 8, 1930 Receivership
Source
historical_nic
4. May 15, 1930 Receivership
Newspaper Excerpt
Receiver Crichton tells the reporter that he [is] making very fair progress... no dividend could be made until after the ninety-day period for filing claims... (May 15, 1930 Plaindealer).The Plaindealer has been asked number of times to what progress being made in clearing up the Commercial National bank failure.R. M. Crichton, receiver for the Commercial National bank of Chatsworth, obtained judgment by confession... (July 18, 1930).The bank closed February 26, 1930. (Dec 18, 1931 article referencing closure).This entry documents Crichton's role as receiver.
Source
newspapers
5. January 1, 1931 Receivership
Newspaper Excerpt
NEW BANK RECEIVER Kelley came to Chatsworth few days ago to assume the receivership of the Commercial National bank, insolvent. He succeeds Crichton... (Plaindealer, 1931-01-01).
Source
newspapers

Newspaper Articles (15)
1. February 27, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, February 27, 1930

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Article Text

COMMERCIAL DIRECTORS Was Voluntary Protect to Bank's AcDepositors cording to Report. The Commercial National Bank, Chatsworth, failed to its open doors for business Wednesday ing at o'clock. Instead the notice appeared on the door: bank is closed by order of the directors for protection of the depositors pending examination." The closing voluntary on the part of the directors and officers who notified the national bank aminers. During the afternoon Laufer and an assistant, Moon, arrivand took charge, placing this notice on the door: Bank Closed Upon vote of board of directors, this bank closed and under control of the Comptrollers of the Currency, Washington, H. Laufer, National bank examiner, in charge. (Signed) LAUFER National Bank Examiner charge While the of the news closing spread rapidly there was no com motion of kind. any was the hardest blow Chatsworth has had in long time but people are optimistic and seems to be the general belief that there will be no loss to the depositors. List of Officers The officers of the bank are President; O'Connor, vice-president; John Brosnahan, cashier; Fischer and Martin Brown, assistant cashiers. The board of directors. are John Ryan, O'Connor, Henry Sterrenberg, John Brosnahan, John Baldwin, M. Fischer and Corbett. The bank was established in 1893 private bank and incorporated in 1900 national bank. Last Statement January 9th The last official statement publishJanuary 9th shows the following figures: Loans and discounts, overdrafts, $113.14; government securities owned, $40,000; other bonds, stocks and securities, banking house $22,256.56; furniture and fixtures, $8,real estate banking house, reserve with eral reserve bank, $17,095.21; cash and due from banks, demption fund with treasurer and due from treasurer $2,000. Total The liabilities given folas lows: Capital stock paid $40,000; surplus, $8,000; undivided profits, reserve for divi dends, etc., $2,334.89; circulating notes outstanding, due to banks. including certified and cashier's checks outstanding, $515; demand deposits, time deposits, and bills payable and rediscounts tal liabilities, Officers Stand High Every officer of this bank stands high this community and the have implicit confidence in their honesty and integrity. This shown marked degree Wednes day when the news spread rapidly that the bank was closed. The heard dozens of people who had every cent they had, in some deposit in the bank express fidence that things would right selves. Not word of hear dagainst any officer of the bank. Cause Not Stated John Brosnahan, cashier, told The Plaindealer this forenoon that any statement as to the cause of closing would have to come from the iner in charge. There appears to have been withdrawal of deposits for several days prior to closing when rumors began circulate that the bank volved in several bankruptcy cases. No Statement From Bank Examiner Mr. Laufer would give out no statement for publication. He statthat national bank examiners not authorized to give any statement except the one appearing on the door. He would hasard guess to the reporter to when the depositors would know about their money. The reporter inferred from statement that would likely some time before any withdrawals could be made. customary other places to permit safety deposit box holders to remove their belongings early date and

2. February 27, 1930 The Piper City Journal Piper City, IL
Article from The Piper City Journal, February 27, 1930

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Article Text

Chatsworth Bank Closes The Commercial National Bank of Chatswort voluntarily closed its doors yesterday and bank examin ers are 111 charge. making invests gation of the condit on of the business

3. February 28, 1930 The Fairbury Blade Fairbury, IL
Article from The Fairbury Blade, February 28, 1930

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Failed Open for Business Wednesday Closed By Order of Directors. The Bank of failed open its doors Wednesday now under the control the D. C., with Laufer charge. The cause the closing is reportbeing the deposits from bank for some previous its closing. The Blade reporter talking with party who statthat their family had around from the within the past few days. Other of like are ported, that the Corbett, for represented Chatsworth township on the board of supervisors, president of the bank. The Plaindealer of yesterday gives following account the bank's Bank of Chatsworth failed to open its doors for business morning o'clock. Instead following nooppeared on closed by order the directors protection the pending examination." voluntary on the part the directors and officers notified national examiners. During Laufer assistant, Moon, arrived took charge, placing this notice the "Bank Closed. Upon vote of board directors, closed and control the Currency, Washington, D. Laufer, National examiner, charge. (Signed) Laufer, National Bank in Charge." While news of the closing spread rapidly there was no kind. the hardest blow Chatsworth had time but people the general belief there will be loss the depositors. The officers the bank are Corbett, cashFischer Martin Brown, assistant cashiers. The board of directors are John Ryan, O'Connor, Henry Sterrenberg, John Brosnahan, John BaldFischer Corbett. The bank established 1893 bank and incorporated 1900 national bank. Last Statement January official January shows the following figures: Resources. Loans discounts and Banking Furniture fixtures bkng. Bank 2,000.00 Total Capital stock paid Undivided profits dividends, 40,000.00 deposits deposits Bills payable and rediscounts Officers Stand High. Every officer this bank stands high the people implicit confidence in their honThis shown marked degree Wednesday when the spread rapidly that bank closed. The writer heard dozens people who had every cent they in some cases, deposit the bank express confidence that things would right themselves. Not word condemnation was heard against any officer the bank. Cause Not Stated. John Brosnahan, cashier, told The Plaindealer forenoon that statement the cause closing would have to come from the examcharge. There appears to have been withdrawal deposits for several days prior closing when rumors began circulate that bank was volved several bankruptcy cases. Cash Hurried Citizens Bank. With the thought mind that the closing the Commercial bank might possibly on the Citizens bank, officers that bank secured $50,000 from currency Chicago, Wednesday morning during the afternoon $150,000 in an automobile closely guarded by Chicago men, patrolmen along the way. office advised and Deputies H. Cruse, ward Daugherty, Don Morrison, Roe, Myers, Branz and Gordon Wetherholt were on hand the money arrived. Leonard French Michael Klug were sworn in special deputies and guards were tained duty the the afternoon portion these guards be on duty night day until such the money deemed needed and returned There on the was bank nor the officers chances. They mereprepared for any Statement from Bank Examiner. ment publication. He stated that national examiners were not thorized give statement except appearing on the door. He would hazard guess the reportwhen depositors would about their money. The from his statement that would likely some time before withdrawals could made. customary other places persafety holders their belongings early presumed that this be done here, but no time has been There are three methods according information given Plaindealer, closing affairs of liquidation SAMUEL BACHTOLD. Samuel Bachtold, who for the past had resided Fairbury and years passed his East street Tuesday morning o'clock, the age 90 years. month days. Bachtold born in Scheitheim, Switzerland, January 21, where spent the greater part He learned the trade and followed that occupation of his native country. 1864 Mr. Bachtold was united marriage Saloma Pletcher, together Chris, death. The latter the time of death, which six years children are Miss Fairbury; Henry, Forrest; William, Cropsey, and Gus, Strawn. There survive 40 18 brothChristian, resides Switzerland. Four brothers and sister ceded death. Bachtold came to this country 1894, making his home for of For the years years he made his home daughter, Miss Margaret, East Walnut street, in this The deceased kind father and good friend and neighbor, who will missed by all who knew him. The funeral services were held yesterday o'clock from Christian Apostolic church interment was in Graceland cemetery. Card of Thanks. We wish sincere express for the many kindnesses extended during the sickness the death of our father. The Children. MRS. OLIVE CHAMINGS. Olive Ward, daughter of Willis E. and Mary Ward, was born decem1876, farm near CropShe lived in the home commuuntil her marriage to Nicholas Chamings, Forrest, February 15, 1900. They made their home farm west Forrest twelve when they moved to their south of Cropsey. To Mr. Chamings born who died in infancy; Mrs. Frances Mrs. Ruth Saddler, Cabery, the son, Ralph, of Cropsey; grandchild, Jessie Frances. Besides these children she leaves father, Willis Ward, Cropsey; Maggie Danforth, of Storm Lake, Iowa, Ethel Cropsey; brother, Ray Ward, Cropsey. husband preceded death only recently, Septem1929. Death came to Mrs. Chamings morning February 21, 1930, Fairbury hospital, after four illness developing from severe cold infection. All that loving kindness could failed stay the ailment. The deceased through. years valued member of Methodist church Cropsey, often held offices active promience the church. None ever more faithful service loved neighbors than Funeral services were held Sunday afternoon with brief home service followed by the public service at the Cropsey church in charge the pastor, Rev. Sailor. Intermade beside the husband the Forrest cemetery. Pallbearers William, Walter, Fred, Thomas, Harry and Earl Elliott. A number of relatives from distance were present attend the funservices: and Mrs. Danforth, from Storm Lake, Iowa; Wesley Ward, Detroit, Mich.; Mr. and Guy Ind.; Miss Bertha of Mrs. Walter Henning, Fairbury; Mrs. Julia Miljour, Effner, Ind.; Mrs. Bertha Huston, Anchor; Mr. and Mrs. William HumFairbury; Mr. and Mrs. Will and Mr. Robert Smith Emington. Many friends from Cabery, Fairbury elsewhere were also present.

4. March 6, 1930 Gibson City Courier Gibson City, IL
Article from Gibson City Courier, March 6, 1930

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Chatsworth National Bank Closed by 11Directors Last Week The first bank closing in this area occurred last Wednesday, when the National bank of Chats worth failed to open. The closing was voluntary on the part of the of ficers and directors, and according to their statement the action was taken for the protection of the depositors pending examination. The bank now in harge of national bank exThe That th Plaindealer gives the Howing account of the bank's Cause No Excitement. While news of the closing spread capicly there was no commotion any kind. It was the hardest blow "hatsworth has had in long time Fut people optimistis and it seem to be the genéral belief that there be no loss to the deposi- The officers the bank are J. C. Corbett. President: T. J. O'Connor, cashier: M Fischer and Martin F. Brown. assistant eashiers. renberg. John Brosnahan, John P. Baldwin. J.M. Fischer and J. C. CorThe bank was established in 1893 as a private bank and incorporated in 1900 as national bank. Last Statement January 9th. The last official statement published January 9th hows the following figures Loans and di counts, $350,815.64; securitie owned. $40,000: othreal estate other than banking house, $5,750: reserve with federal reserve bank. cash and due from with and due from U. treasurer $2,000 Total resoureThe liabilities are given as fol. etc., $2,334.80 circulating notes out cluding certified and checks Officers Stand High. and The writ on deposit bank expre fidence that things would right was heard again any officer of the bank Cause Not Stated. Plaindealer this forenoon that any statement as to the cause of closing would have to come from the examThere at pears to have been withdrawal of deposits for several datys prior to closing when rumors began to circulate that the bank was involved in several bankruptcy cases No Statement From Bank Examiner Mr. Laufer. the bank examiner in charge would give out no statement for publication He stated that national bank -taminers were not auThorized to give any statement except the one pearing on the door. He would hazard no guess to the reforter as to when the depositors would know about their money. The interred from his statement that it would likely be some time be fore any withdrawals could be made. There are three methods pursued. according to information given The Plaindealer. in closing the affairs of banks reorganization, liquidation or receivership. Cash Hurried to Citizens Bank. With the thought in mind that the closing of the Commercial bank might possibly start run on the Citizens bank. the officers of that bank secured $50,000 in currency from Chicago, available for use Wednesday morning and during the af ternoon 150,000 more arrived in an automobile closely guarded by five hicago men, and highway patrolmen along the way. The sheriff's office was advised and Deputies Joe Myers, F. Branz and Gordon Westerholt hand when the mon ey arrived. Leonard French and Miginel Klug were sworn in as speend deputies and guards were kept on duty at the bank during the af termoon and night. A portion of these guards will be on duty night and day until such time as the money " deemed not needed and returned to the There was no run on the tank nor one anticipated but the officers took no chances They merely prepared for any emergency

5. April 17, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, April 17, 1930

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MINNESOTA Tells of Acreage Reduction and Some Farming Propositions. Humboldt, Minn., April 1930 the Plaindealer, Chatsworth, welcome our home your newsy, good paper. It covers the ground thoroughly in all and every detail and certainly much appreby Enjoyed reading every one of Mr. Quinn's letters and sorwhen they ended. Will sure interesting writer, good entertainer and fine fellow with real ability knowing how to picture to others all that he has seen in the wonderland of his travels and experience. has always been pleafor me to meet men who are every way congenial like Mr. Will Quinn, and there goodly number this type and quality in dear old Chatsworth, too. At last our snow banks out here, which were from to 20 feet high, have all disappeared, was the longest and most severe winter we had here for many years, but the spring is late, farm operations delayed and much talk of all that new farm board may possibly accomplish in behalf of farmers. The Farm Board If that man, Mr. Legge, as chairman, can do much for farming in the future as he has in the great organization of the machinery busithen all farmers should take off their hats to him. But it strange that most of the farmers are inclined to stand in their own light any organization, but this time let hope that every farmer will stay this organization like soldier war. There nothing to lose and all to gain in this new farm board propoNever listen to grain speculator who might tell you that will all end failure. Just ask him what his object in talking that way, watch him walk away from the subject. Let us all be termined making the whole proposition real success for what will benefit you will also assist your neighbor. Co-operation Needed All that need present is real co-operation, let cheerfulour mite, and assist in every way possible and not allow ourselves become slackers in this matter, and the laughing stock of every othsuccessful member that farming business and much any other busiand when allow ourselves flunk anything that undertaken for the betterment of that business then can be justly called flunkers, backsliders, or something worse, and, you know nobody can results without first putting forth sincere effort. farmer would attempt to start talking parrot store tomorrow and then lot folks would sit around and say cannot be run here but at the same time could give no reason why would not be success, providing man charge took great interest in the parrot selling business. So must expect criticism in anything undertake. We sorry to learn of the failand closing of the Commercial National bank your city, and hope that depositors and customers of that institution will not sustain any great financial losses, and in the end that everything will figure out the benefit of all concerned. Cutting Down Acreage The big farm guns directing asking all farmers the northwest here, to discontinue the usual large acreage of spring wheat production, because of such large surpluses the general markets, and result that wise warning more flax will be put crop here this year than before. To lustrate this fact, Mr. Florence, large farmer here Humboldt, to drill in the ground soon now, 1500 acres of flax and is to do every bit of this work with tractors and other machinery and without the aid of horse outfit of any kind on the entire job, and Mr. Florence farms 3,000 acres all told and this same manner. He calls his farms the Florence Incorporated Farms of Humboldt, capitalized and apparently he has made great of this and venture, employs lot of hired men, cuts all grain with combines, which the grain and thresh one ation. (continued

6. May 15, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, May 15, 1930

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COMMERCIAL BANK RECEIVER HOPEFUL OF FINAL OUTCOME The Plaindealer has been asked number of times to what progress being made in clearing up the Commercial National bank failure. Receiver Crichton tells the reporter that he making very fair progress. In answer to the question to when the depositors might pect dividend he stated that no dividend could be made until after the ninety-day period for filing claims, had expired which will be in July. He is anxious to make this first dividend even though small one just soon possible. said, time of makthe dividend and the amount depend on the collections made." He says he meeting with very fair success in collecting on the small notes outstanding and that for closed bank he finds affairs in very good shape. When sufficient money on hand to warrant dividend he recommend to the department Washington that dividend be declared. The department there will make the dividend. He would be permitted, even though he knew, to say what per cent the bank will pay the depositors but he was optimistic as to the final outcome.

7. May 15, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, May 15, 1930

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S. H. HERR SUCCEEDS JOHN BROSNAHAN AS VILLAGE Herr, assistant cashier of the Citizens Bank, was appointed treasurer of the village of Chatsworth the regular meeting of the council Tuesday evening. The appointment made by President William Cording and was confirmed by the board trustees. He succeeds John Brosnahan who has served in the capacity of village treasurer for many years. Mr. Brosnahan read his annual report at the meeting, and this report and the appointment of the new treasurer all the business transacted. The treasurer's report, received little late for publication this week, will in The Plaindealer May appear 22nd. Briefly summarizing it, the tailed will show balances report follows: General Fund $2,529.99 Public Library 3,548.92 Band Fund 200.00 Fire Department 756.00 Drainage Account 1,410.43 Total $8,345.34 Of this amount there was on the Commercial National posit at bank at the date of its closing the sum $3688.64, according to figthe Plaindealer by the given receiver.

8. July 18, 1930 The Fairbury Blade Fairbury, IL
Article from The Fairbury Blade, July 18, 1930

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Fairbury Blade Published by The Blade Publishing Co. PATTERSON, Editor CORA EVANS HARRIS FRANK PHELPS JAIL DOOR CLICKS ON CLICK FOR TEN DAYS The Watseka Republican of this week has the following article regarding John Click, who at one time barbered John Click, 40, Onarga barber of inagain-out-again fame, was again arrested during the wee small hours on Saturday morning by police officer Tom Sweeney, Gilman. He was brought before Judge John H. Gillan in the county court later the same morning and was sentenced to pay a fine of $110 and serve 10 days in the county jail when he pleaded guilty to a charge of drivin ga car while intoxicated. He's in the jail house now. Either losing his footing or partially overcome by the excessive heat Friday morning, Chester Minard, 15year-old Crescent City youth, fell off a truck on which he had been riding while working on the hard road near Kansas, and was almost instantly killed when the heavy wheels of the cart passed over his chest and abdomen. News of the boy's death was conveyed to his father, who had also been working on the road. Coroner James Lewis, of Edgar county, held the inquest the same day and the body was removed to the home at Crescent City that evening. Chester was on the platform of Streicht six-yard dump wagon. There were two of these wagons being hauled by tractor and Chester was on the second one, his duty being to operate the lever that dumps the trucks. In some way he lost his balance and fell over, the wheel of the truck crushing his chest and he died within five minutes. JUST KIDS Cake Day. FEED OWN GROUND GRAINS One of our subscribers handed us a trade journal containing an article which he believes would be of interest to the farmers. The following are excerpts: When we get down to plain horse sense reasoning we know that there are only two primary factors which are responsible for wide-spread depression such as is upon us at the present time. These factors or causes of business are as follows: First is the law of supply and demand. When production exceeds consumption of merchandise or of farm products, the producer has more than he can sell and to stimulate consumption the price must come down. Second is price control. When the country is in a prosperous condition and the consumption of food and general merchandise is sufficiently active to keep our mills and factories running and give employment to everybody who wants to work, prices begin to go up and it is then that manufacturers show a disposition to control prices. It is no longer a theory but a literal fact that the farmer is manufacturer of food products. He is producing or converting grain and hay into meat, butter, milk and eggs. He is the only manufacturer who can produce all his raw material and convert it into finished food products for immediate consumption. Only a small proptrtion of the hay and grain produced on the farm is shipped to the primary markets of the country. Probably 75 per cent of this raw material is retained on the farm for feeding livestock and poultry and this raw material should be processed or prepared in a way that will reduce the obst of producing the finished products of the farm. However, the farmer has but small chance to reduce his production costs if he continues to depend upon someone at a distance to do the job that he can handle much better for himself and at far lower cost. His grain and hay should be processed and properly prepared in his own community. In this way the farmer can make meat, milk, butter and eggs at a much lower cost than he pays and he will earn satisfactory profit on his operations. The farmer brings in his hay and grain and for small charge he has it properly ground and mixed. He can have molasses put into his feed by a new cold process which forces the molasses into the fiber of the feed without heating. We know that heat destroys the vitamins in the raw grain. A good rural producing can save and keep at home $15,000 per year for each 1,000 tons of feed consumed by its livestock by providing its own grain to be ground and processed for stock and poultry feeding. In the estate of Edward Roeder the final account and report of Arthur W. Gray, of Forrest, administrator, has been filed. It was ordered that the administrator the balance on hand according to the report and upon filing final receipts he with his bond discharged and the estate closed. Obtains Judgments. James A. Williams, receiver of the Farmers' National bank of Strawn, has obtained a judgment by confession against John M. Quinn in the amount of $1,862.03 in the circuit court of Judge S. R. Baker. An immediate execution was awarded. R. M. Crichton, receiver for the Commercial National bank of Chatsworth, obtained judgment by confession against Clara A. M. Brayton in the sum of $2,581.99 in the circuit court of Judge S. R. Baker. An immediate execution was awarded. Pontiac Man Held in Stabbing Case. Elmer Roe, Earl McDonald and Eddie Schall, more familiarly known as Eddie Six, all of Pontiac, are being held by Sheriff J. R. Scarratt following an assault on Sunday afternoon which it is asserted was made by Roe on the person of Eddie Schall in which Schall received a deep cut with a knife in the back of the head, and Roe was slashed over the heart. The story told by police officers concerning the case that Roe, McDonald and a girl, Ollie Shockey, were driving down the lane into the property known as the Old Country Club along the Vermilion river when they were approached by Schall, who says he has been acting as overseer for the property, Schall asking the party leave the promises. From this it is reported that an altercation arose which resulted in the stabbing of Schall by Roe, the latter during the fray falling on the knife used, cutting a deep gash over Roe's heart Roe, after receiving medical attention, was reported to have gone to the baseball field in the Play park, where he was scheduled as one of the players in the Sunday ball game, but did not play. At the hearing held Monday afternoon in the justice court of E. A. Jamison at Pontiac, Sheriff Scarratt read a warrant for the arrest Roe charging assault on the person of Edward Schall with a deadly weapon. Asked by Justice Jamison what he had to say for himself, Roe said, "Guilty, I guess. was too drunk to know.' The defendant was then held over to the action of the October grand jury under $2,000, which it was expected he would arrange. Schall and McDonald were instructed to appear before the grand jury as material witnesses in the case. MARKETS. (Corrected Thursday, July 17, 1930.) Hogs (Chicago market) $9.70 Wheat, No. Corn, white, No. 2 .74 Corn, yellow, No. 2 .70 Oats, No. .29 Oats, new, No. 3 Barley .40 Eggs, fresh .16

9. September 11, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, September 11, 1930

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THE BANKRUPTCY RACKET seem to have taken their place in the racket class, and there to be sweeping investigaby United States solicitorgeneral's office. Changes in the bankruptey act to prevent the abuses which have become prevalent will be recommended. At present firm can through bankruptcy, write off its debts and start all over again. Sometimes one firm thus discharged two or three times. That an easy way to escape sponsibility. The losses through bankruptcy now averaging about year. Too much. time some action taken about Danville CommercialNews. Judgments By Confession Judgments by confession obtained the circuit court include the following: Crichton, reeciver for the Commercial National bank of etc., against Thomas Bergan, and Neuhoff afainst Harry Hanson H. Speer against Thom Bergan and others, Crichton, receiver for the Commercial Nation bank of Chatsworth etc. W. E. Bergan, $5,228.Immediate executions awarded in each case. Judgments by confession obtained the circuit court included Max Lang against Flora Oliver, and James Williams, receivagainst Roth, Immediate executions were awarded each instance.

10. January 1, 1931 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, January 1, 1931

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County Seat Notes and Happenings Daily Realty Transfers Carrie M. Salisbury to Walker, warranty deed, lot block in Strawn, $300. Affidavit for Attendance An affidavit for attendance has been issued out of the circuit court in favor of Parish, and against Florence Ross in the sum of $7,678.55. Convict Recaptured James Harvey, reformatory inmate, made his escape from that institution on August last, was returned to that institution Sunday. He was captured at Hickman, Ky. Foreclosure Suit R. M. Crichton, receiver for the Commercial National bank of Chatsworth, has filed suit in foreclosure the circuit court at Pontiac directagainst John Kerrins and others. Suit Dismissed The case of Frank Haase against Frank H. Herr, conservator for Puffer, appellant, an appeal from justice of the peace court, was dismissed in the circuit court at Pontiac Tuesday morning, December 23. The suit was dismissed by the plaintiff his costs. Seeking $5,000 Damages Ivan Brucker, resident of Fairbury, has filed suit in the circuit court against Herbert Powell and Richard E. Thorne, doing business as Powell & Thorne, also of Fairbury. The action asks for damages in the sum of $5,000. Only the praecipe in the case has been filed. Decree of Foreclosure Master in Chancery W. Tuesberg presented to Judge Baker in the circuit court Tuesday morning his report of evidence and conclusions in the foreclosure action of Agnes Gingerich and others against Helena Meister and others. Later the court entered decree of foreclosure and sale for $13,665.38 not paid within ten days. Partition Suit Filed Orville O. Oliver has filed an tion in the circuit court at Pontiac against Arthur Oliver and others seeking partition of certain real tate, the property of the late AmaOliver, pioneer settler of ingston county. The land in quesdescribed as part of lot one in the northwest quarter of section lot one in the northwest quarter of section except 24 acres off the west side lot five of the northwest quarter of section east half of lot five of the northeast quarter of section all in Germantownship.

11. January 1, 1931 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, January 1, 1931

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NEW BANK RECEIVER Kelley came to Chatsworth few days ago to assume the receivership of the Commercial National bank, insolvent. He succeeds Crichton, who has gone to Augusta, to be receiver for closed bank there. Mr. Crichton left Chatsworth Friday. Mr. Kelley receiver bank at Milford, and has made notably satisfactory official there, Crichton has here. For the present Mr. Kelley will continue receiver for both the Milford and the Chatsworth bank.

12. January 8, 1931 Woodford County Journal Eureka, IL
Article from Woodford County Journal, January 8, 1931

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NEW BANK RECEIVER Kelley came to Chatsworth few days ago assume the receivership of the Commercial National bank, succeeds Crichton, who to Augusta, closed bank there. Mr. Crichton Chatsworth Friday Kelley receiver bank Milford, and has made notably satisfactory official there, Mr. Crichton has here. For the ent Kelley will continue ceiver for both the Milford and the Chatsworth bank. Chatsworth Plaindealer.

13. June 18, 1931 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, June 18, 1931

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W. J. KELLEY NOW IN CHARGE OF FOWLER BANK Another bank was last week turned over to W. Kelley by Federal government for liquidation. It was the First National Bank of Fowler, Ind. Mr. Kelley came to Milford more than a year ago to serve as receiver for the First National Bank here. Later he was appointed receiver for the Commercial National bank at Chatsworth and then a few months following was appointed as receiver for the national bank at Veedersburg, Ind. With the addition of the national bank at Fowler, Mr. Kelley is now adjusting the affairs of four banks, Milford being the central point of the territory covered.-Milford Herald. Chatsworth people, or at least some of them, are wondering if the government is short of bank receivers. Mr. Crichton seemed to have things just moving nicely when he was transferred from Chatsworth to Augusta, Illinois. Mr. Kelley, who succeeded him, was then receiver for a bank that had failed in Milford, and had hardly lit in Chatsworth until he was also appointed receiver for a failed bank at Veedersburg, Indiana, and now he has been given fourth bank's affairs to look after. It would seem with so many capable men out of employment that the government might furnish a few more jobs by naming them bank receivers. Mr Kelley's nearest other bank is at Milford, 45 miles away. If the government simply had to double up on receivers it would look like good policy to have placed Strawn and Chatsworth under one receiver instead of moving Mr. Kelley further away from his duties here. Strawn and Chatsworth are 11 miles apart while Fowler and Chatsworth are nearly 75 miles apart. Chatsworth, it would seem, should be entitled to just a little consideration.

14. June 25, 1931 Woodford County Journal Eureka, IL
Article from Woodford County Journal, June 25, 1931

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NEED MORE FAILED BANK RE. CEIVERS Another bank was last week turned over to W. J. Kelley by Federal government for liquidation. It was the First National Bank of Fowler, Ind. Mr. Kelley came to Milford more than year ago to serve as receiver for the First National Bank here. Later he was appointed receiver for the Commercial National bank at Chatsworth and then few months following was appointed as receiver for the national bank at Veedersburg, Ind. With the addition of the national bank at Fowler, Mr. Kelley is now adjusting the affairs of four banks, Milford being the central point of the territory covered. Milford Herald. Chatsworth people, or at least some of them, are wondering if the government is short of bank receivers. Mr. Chrichton seemed to have things just moving nicely when he was transferred from Chatsworth to Augusta, Illinois. Kelley, who succeeded him, was then receiver for bank that had failed in Milford and had hardly lit in Chatsworth until he was also appointed receiver for failed bank at Veedersburg, Indiana, and now he has been given a fourth bank's affairs to look after. It would seem with so many capable men out of employment that the government might furnish few more jobs by naming them bank receivers. Mr. Kelly's nearest other bank is at Milford, 45 miles away. If the government simply had to double up on receivers would look like good policy to have placed Strawn and Chatsworth under receiver instead of moving Mr. Kelley further away from his duties here. Strawn and Chatsworth are 11 miles apart while Fowler and Chatsworth are nearly 75 miles apart. Chatsworth, it would seem, should be entitled to just little Plaindealer. A luxury is something the average man doesn't need, but which makes him uncomfortable just from thinking how much he wants it. If there were some way to induce the rich to spend more money and the poor to save it, the country would quickly recover.

15. December 18, 1931 Ford County Press Melvin, IL
Article from Ford County Press, December 18, 1931

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CHATSWORTH DEPOSITORS TO RECEIVE SECOND DIVIDEND Chatsworth Commercial National Bank Receiver To Pay Ten Per Cent On Liabilities. The Comptroller of the Currency at Washington has authorized a ten per cent dividend to all persons who have filed their claims against the Commercial National bank, of Chatsworth. As soon as the schedules and checks have been compared and signed and returned to the receiver they will be available for distribution. The Plaindealer has been permitted to make the above statement by a government official. The following information is not officially authorized but thought to be authentic. Just how soon the dividend checks are returned to Chatsworth for distribution is a question but it seems probable tha they will be available before the first of the year. The writer understand that there are a number of obstacles that have retarded the present distribution of a ten per cent dividend and limited the amount. There appears to have been some contingent claims filed against the bank which the courts will likely have to decide and it appears the government is withholding sufficient cash on hand to pay the dividend on these claims should the bank be held liable. The bank closed February 26, 1930. The first dividend was paid in September, 1930. This was for 30 per cent, making a total dividend authorized of 40 per cent. The ten per cent dividend will release approxi nately $29,000 in the community w) ich will be of much advantage at the present time.-Chatsworth Plaindealer.