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An Iowa Bank Closed. OSCEOLA, Ia, Nov. 23-The Osceola bank closed Wednesday afternoon and is in the hands of a receiver. The capital was $25,000. There is said to be $90,000 on deposit with only $3,000 in the vault. It is rumored that the president has been speculating in wheat. The bank was supposed to be on an exceptionally strong footing.
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The Iowa Bank Failure. THE BEGINNING OF A SUIT AGAINST IT BY THE STATE THE IMMEDIATE CAUSE. CHICAGO, Nov. 24.-A dispatch from Des Moines, Iowa. says: It seems that the immediate cause of the suspension of the Osceola bank was the commencement of a proceeding by the attorney-general for failure to report its condition to the auditor of state as required by law. Judge Harvey appointed Capt. Nix, of Afton, receiver, and the work of ascertaining the assets and liabilities of the institution is now under way.
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An Iowa Bank in Tronble. OSCEOLA, Ia., Nov. 24.-The Osceola bank has closed and is in the hands of a receiver. The capital was $75,000. There is said to be $90,000 on deposit with only $3,000 in the vault. It is rumored that the president has been speculating in wheat. The bank was supposed to be on an exceptionally strong footing.
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Would Not Bear Inspection. Special to the Globe. DES MOINES, Io., Nov. 23.-It seems that the immediate cause of the suspension of the Osceola bank was the commencement of a proceeding by the attorney general for failure to report its condition to the auditor of state, as required by law. Judge Harvey appointed Capt. Nix, of Afton, receiver and the work of ascertaining the assets of the institution is now under way, but is progressing slowly.
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The Iowa Bank Failure. THE BEGINNING OF A SUIT AGAINST IT BY THE STATE THE IMMEDIATE CAUSE. CHICAGO. Nov. 24.-A dispatch from Des Moines, Iowa, says: It seems that the immediate cause of the suspension of the Osceola bank was the commencement of a proceeding by the attorney-general for failure to report its condition to the auditor of state as required by law. Judge Harvey appointed Capt. Nix, of Afton, receiver. and the work of ascertaining the assets and liabilities of the institution is now under way.
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VALPARAISO'S FUGITIVES. Money Raised on Bogus Mortgages and Other Worthless Paper. CHICAGO, Nov. 24.-A special dispatch from Omaha, Neb., says: "As the examination of affairs of F. A. Scoville and G. A. Crafts, the absconding Valparaiso bankers, progresses, it becomes evident that their swindling operations have been carried on in a systematic manner for some time. Several more crooked transactions have come to light. Among them is the forging of notes and mortgages to the extent of more than $20,000. To one ,of these for $9,000 was forged the name of J. L. Magee of Valparniso and was on property which Magee had never owned or claimed to own. The mayor's name was forged to another for $1,500, also on property which belonged to other parties. In both of these cases the mortages were made in Scoville's favor and were negotiated by him. He also executed forged instruments to several citizens of this county in various amounts, all on property to which he never had a shadow of title. "Scoville is about 37 years old. He was a member of the lower house of the Nebraska legislature in 1885-'86 from Saunders county, and has always been regarded as an upright business man, and stood high in the community. "Crafts, the cashier, was about 23 years of age, rather small in stature, dark complexioned, and wore a small, dark mustache. It is thought that the men have gone to Canada." OSCEOLA'S BANK CRASH. DES MOINES, IA., Nov. 24.-It seems that the immediate cause of the suspension of the Osceola bank was the commencement of a proceeding by the attorney general for failure to report its condition to the auditor of the state, as required by law. Judge Harvey appointed Capt. Nix of Afton receiver, and the work of ascertaining the assets and liabilities of the institution is now under way.
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Charged With Crookedness. DES MOINES, Ia., Jan. 7.-[Special Telegram to THE BEE.]-George H. Cowles, exvice president and manager of the Osceola bank, now in the hands of a receiver, has been arrested, charged with crookeduess, and has been bound over in $3,000 bonds for his appearance. At the conclusion of the trial Justice Trent held him in bonds of $5,000 for his appearance at the next term of court.