4116. Liberty State Bank (Bloomington, IL)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 3, 1933
Location: Bloomington, Illinois (40.484, -88.994)

Metadata

Model: gpt-5-mini
Short Digest: 0192c055

Response Measures

None

Description

The Liberty State Bank in Bloomington was closed with the March 3, 1933 banking holiday and never resumed general banking. The state auditor's office took control in early October 1933 and a receiver (Carter Pietsch) was appointed to liquidate the bank. Subsequent 1934 articles describe receiver's actions and litigation over securities; no reopening is reported. Cause of the initial suspension is the March 1933 banking holiday / banking crisis (macro/systemic).

Events (4)

1. March 3, 1933 Suspension

Cause: Macro News
Cause Details: Closed with other banks on the statewide/national banking holiday (March 3, 1933) and did not resume general banking operations thereafter.
Newspaper Excerpt: closed to general banking business March 3.
Source: newspapers

2. October 1, 1933 Other

Newspaper Excerpt: Auditors take over Liberty State bank; receiver may appointed Page (headline) / AUDITOR TAKES OVER LIBERTY STATE BANK - RECEIVER MAY BE NAMED SOON (article describes auditor taking possession and actions to appoint receiver).
Source: newspapers

3. October 2, 1933 Receivership

Newspaper Excerpt: PIETSCH MADE BANK RECEIVER - Attorney Appointed to Direct Liquidation of Liberty State. Carter Pietsch ... has been appointed receiver for the Liberty State bank, effective Monday ... the bank, closed to general banking business March 3, has since been open for receiving payment on obligations due it. Monday afternoon the doors were closed and notice affixed explaining the closing was for auditing purposes.
Source: newspapers

4. June 16, 1934 Other

Newspaper Excerpt: LIQUIDATION OKAYED - ... the mayor and City Clerk ... were authorized to sign stipulation whereby the Liberty State bank deputy receiver, Carter Pietsch, may proceed with the liquidation of $134,000 in assets under legal dispute ... proceeds are to be segregated pending appeal.
Source: newspapers

Newspaper Articles (10)

1. October 1, 1933 The Pantagraph Bloomington, IL

Article from The Pantagraph, October 1, 1933

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Spice of the News Mechanical department promotions announced by Alton railroad Page State federation historian to address Woman's club luncheon Page Bloomington high battles Central tie Page New fertilizer method promising Page 12 Much damage done in BloomIngton area by heavy wind rain Auditors take over Liberty State bank; receiver may appointed Page Philharmonic orchestra to be reorganized and choruses formed this month The public library's relation discussed by Miss Parham, librarian Will Rogers spikes the report that are no big ranches anymore Page Origin of name "Chicago" considered in Personal Service department Page Adopted children of homes brighter, says Kathleen Norris. Page An is announced for The Junior Pantagraph this week Page 12 Logan county prepares for huge Armistice day celebration Page Receivership asked to clear bank situation in Lincoln Page Iowa surprises Northwestern with upset

2. October 1, 1933 The Pantagraph Bloomington, IL

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AUDITOR TAKES OVER LIBERTY STATE BANK RECEIVER MAY BE NAMED SOON Loan by R. F. C. Expected to Hasten Payment to Depositors. The Liberty State bank. founded in 1919, closed by state and national holiday since March was taken over by the state auditor's department Saturday, when was determined by the bank's officials that the for reopening or for liquidation through the trust department of some other bank in the city were so high as to be impossible to meet. As consequence, it is expected receiver will be appointed within the next few days. The closing order was delivered Saturday by W. W. Lucas. bank examiner, sent here from the auditor's office at Springfield. The requirements tentatively set recently by the state auditor for liquidating the bank's through the trust department of another bank, included the pay. ment of about $45,000 by the bank's stockholders, and the posting with the Reconstruction Finance corporation, of bonds. the par value of which $120,000. for loan of about $50,000 to increase cash held In the bank sufficiently to make an immediate payment to depositors of 25 percent of their deposit. The Chicago office of the R. F. C. however, declined to make loan, stating that while loans are made to banks in receivership, it was against the corporation's policy to loan money to banks that were to be liquidated through trusteeship. Converting these bonds into cash at present market values would have brought only about $60,000. May Hasten Payments. Finally. the Washington office of the R. F. C. was contacted by the state auditor's department. according to William D. Bain. chief bank examiner of the state department, and agreed that loan should be made to the Liberty bank on its bond holdings. provided the $45,000 payment by the stockholders did not excuse them from the original 100 percent liability on their stock as prescribed by state law. view of opinions expressed by R. C. officials. and in the light of practice elsewhere and the President's bank program, it is expected the R. C. may now loan to the bank's receiver money to hasten payment to depositors Officers directors of the bank then determined they could not raise the $45,000 in the face continued liability for the $100,000 they might be required to pay un der the banking law. and advised the auditor. thereupon sent Mr. Lucas here Saturday. Supported Consolidation. Efforts to reopen the Liberty bank have been made continuously since it was closed with all other banks on March 3. Instead. how ever, of attempting an individual reopening, the Liberty bank joined with the other Bloomington banks not then reopened. in the various plans advanced for consolidation, move the bank's officers actively supported. These plans, discussed by the local clearing house association immediately after the banking holiday was declared. were later continued and

3. October 2, 1933 The Pantagraph Bloomington, IL

Article from The Pantagraph, October 2, 1933

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PIETSCH MADE BANK RECEIVER Attorney Appointed to Direct Liquidation of Liberty State. Carter Pietsch, 1528 South Main street, attorney, has been appointed receive for the Liberty State bank, effective Monday, and participated in the compiling of an inventory to be submitted to the state auditor's office. The bank, closed to general banking business March 3. has since been open for receiving payment on obligations due it. Monday afternoon the doors were closed and notice affixed explaining the closing was for auditing purposes. Awaits Instructions. Ray McCarthy and W. W. Lucas, state examiners, expect to ac. company Mr. Pietsch to Springfield Tuesday to present the statement to the office. In line with the state's practice of uniformity in liquidating closed banks, Mr. Pietsch is expected to receive detailed instructions under this head. The examiners' duties here ceased Monday. A standard bookkeeping system mandatory by the auditor's office for closed banks will be made ef. fective at the local institution. Examination of the inventory by state officials at Springfield is expected to result in special procedure instructions relative to col- Acts as Attorney, Too. Appointment of Mr. Pietsch was by the state auditor. He was employed in clerical capacity having to do with collections from 1919 to 1923 at the American State bank while he was law student at Illinois Wesleyan university. Because of this experience and in view of his legal status. he is serv. ing also as attorney for the bank under the receivership. This, it was explained. is consistent with Lib. erty State bank officials' desire for administrative economy in the attempt to provide the maximum on

4. October 3, 1933 The Pantagraph Bloomington, IL

Article from The Pantagraph, October 3, 1933

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PIETSCH MADE BANK RECEIVER Attorney Appointed to Direct Liquidation of Liberty State. Carter Pietsch, 1528 South Main street, attorney, has been appointed received for the Liberty State bank, effective Monday, and participated in the compiling of an inventory to be submitted to the state auditor's office. The bank. closed to general banking business March 3, has since been open for receiving payment on obligations due it. Monday afternoon the doors were closed and notice affixed explaining the closing was for auditing purposes. Awaits Instructions. Ray McCarthy and W. W. Lucas, state bank examiners. expect to accompany Mr. Pietsch to Springfield Tuesday present the statement to the office. In line with the state's practice of uniformity liquidating closed banks, Mr. Pietsch is expected to receive detailed instructions under this head. The examiners' duties here ceased Monday. A standard bookkeeping system mandatory by the auditor's office for closed banks will be made effective at the local institution. Examination of the inventory by state officials at Springfield is expected to result special procedure instructions relative to collections. Acts as Attorney, Too. Appointment of Mr. Pletsch was by the state auditor. He was employed clerical capacity having do with collections from 1919 1923 at the American State bank while he was law student at Illinois Wesleyan university. Because of this experience and in view of his legal status, he is serv. ing also as attorney for the bank under the receivership. This, was explained, consistent with Lib. erty State bank officials' desire for administrative economy in the attempt to provide the maximum on deposits.

5. January 26, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, January 26, 1934

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JUDGE STUDIES PLEA FOR FUND Liberty Receiver Would Recover Securities Held for Bond. Recovery of $134,000 worth of securities alleged to be withheld assets of the closed Liberty State bank and now held in deposit box of the First National Bank and Trust Co., also closed. sought by action of Carter Pietsch, Liberty bank receiver, under advisement by Circuit Judge Chalmer C. Taylor. Defendants named by Mr. Pietsch are: Will F. Costigan, former attorney and director of the Liberty bank: Richard M. O'Connell, former city attorney; his successor Thomas S. Weldon: the municipality; Mayor Louis F. Wellmerling and John A. Cleary, city comptrolMr. Pietsch, in arguments conducted last month before Judge Taylor, asserted that although his duties authorize him to take possession of all books, records and assets of the Liberty bank and conserve them for the benefit of the bank's creditors, the defendants unlawfully interfered with this process by refusing to surrender the assets in question. Agreement Cited. The receiver's petition to the court recites that the Liberty bank's officials and the municipality entered secret agreement whereby. to protect the city' funds deposited in this bank. the latter would place in First National Bank & Trust Co. safety deposit box listed securities and notes secured by first mortgages on Bloomington real estate in the market value of $250,000. This agreement. given verbatim in the petition, explains that the arrangement was occasioned by the inability of the bank at that date to complete arangements for depository bonds in the city's behalf. Depository bonds which protected city funds in the bank for the two years prior to the agreement date expired May 21 and 22, 1931. and the Liberty had been designated as the city depository for another. two year period, the agreement stated. The agreement, the eti tion shows, bore the signatures of John W. Rodgers and Russell E. Shearer Liberty president and cashier, and of the then mayor, Ben S. Rhodes and City Clerk Herman J. Bock. Authority Delegated. The deposit box, the agreement stipulated. could not be opened save in the presence of Mr. Costigan or Mr. O'Connell. The latter's authority in this matter, the petition continues, was delegated to Mr. Weldon by council action last Aug. 4. Mr. Pietsch represented that when he became the bank's receiver last October, examination of the books showed the city had $130, 941.69 on deposit, carried as follows: Firemen's pension fund, $9.742.02; fund No. 1, $1,517.13; fund No. 2, $29,293.12: fund No. 3. $736.43 general fund, $24,007.85: library fund, $3,202.76; payroll, $995.05; police pension fund, $2,036.89; sinking fund. bonds, 1941, $56,500, and water fund, $2,910.44. Admittedly Assets. The petition recites that he also discovered worth of securities had been withdrawn from the files and vaults of the Liberty bank; that he was informed they were being held under the terms of the agreement in the First Na. tional bank's safety deposit box. No. 8. Mr. Pietsch stated "that said property so contained in said box is admittedly assets of this receiver having been withdrawn and taken from this bank and segregated in pursuance to said agreement which said agreement and the subsequent segregation and removal of the assets as aforesaid is invalid and void. "The depositors of the Liberty State bank," Mr. Pietsch told Pantagraph reporter, "are entitled to as much protection as the municipality. The appellate court's opinion in the case of the People ex rel. Nelson versus Seward State bank. handed down in October, 1932, held such secret agreement invalid and void. No Higher Rulings. This opinion said, in part: "The statute of this state gives to banking institutions no authority to enter into secret agreements for the both. benefit or preference of one depositor over another and any attempt to do so must be held void Such practice, If countenanced. might work great injustice and inflict financial loss upon the unsecured depositors and would enable large depositors to absorb all, or the greater portion, of the assets of bank. The state supreme court refused to review the case.' Mr. Weldon informed The Pantagraph that his contention is there have been no higher court decisions applicable to the local situation. "Although the state law has since been changed," he said, "at the time of the agreement, the law was that city was entitled to depository bond from the bank designated as the municipal depository as in the case of the Liberty bank. "At the time this agreement was signed, the depository bonds of the preceding two year period had expired. Thousands of banks were failing and surety companies had COLFAX Mr. and Mrs. J. B. Miller and a friend, Mrs. Gertrude Gowan of LaPlace visited Monday with Mr. and Mrs. H. W. Eagan and their family. Mrs. Miller is a sister to Mr. Eagan. Mrs. Eagan returned home Sunday from the Brokaw hospital in Normal, where she was patient for several days. Her condition is about the same. There were about 50 persons of the Mt. Glieod, community surprised Mrs. Mariam Welsh and her sons at their new home near Gridley with a potluck supper at 6:30 Tuesday. Joan, eight month old daughter of Mr. and Mrs. Claude Lawrence, recently underwent mastoid operation at the Brokaw hospital in Normal and was released Wednesday of last Mr. and Mrs. A. G. Millikan accompanied Howard Roth of Fairbury to Athens and visited Satur day and Sunday with Mr. and Mrs. Lloyd Roth and their son, Maurice Dean. Howard and Lloyd Roth are refused to write any more depository bonds to protect municipal funds. Holds Not Secret. "Although the Liberty bank had not succeeded in getting these bonds renewed at that time, it was hopeful of doing so. Since the law at the time entitled the city to this protection and since the bank was unable to get It, in lieu, the city took depositors securities and this can hardly be construed as having been secret agreement. "It should be borne in mind that these securities were not like collateral under that agreement. The agreement specifies they were held in trust by both the city and the bank and that the deposit box could be opened only in the presence of the designated representatives of "The state law has been changed so that municipalities may no longer require depositors' bonds and it also relieves the city treasurer from liability in case of loss, even though he may have recommended a bank as depository." brothers. Mrs. Roth is the daughter of Mr. and Mrs. Millikan. The winners of the Night Bridge club during the last six months entertained the losers at the home of Mrs. Fred Dale Monday night There was potluck supper and three tables of bridge. William Thom pson has been quite ill at his home for several days Drs. Lee and Cecil Thompson of Streator spent Sunday with Mr. and Mrs. Thompson. Miss Carmelita Basso, teacher of the Leonard school, spent the weekend at her home at Athens. Mrs. M. A. Hornbeck of Chicago came Sunday to spend an indefinite time with W. Thomas and his family Mrs. Thomas is daughter of Mrs. Hornbeck Mr. and Mrs. L. C. Hornbeck of Bloomington visited here Sunday Fred Scholl of Joliet returned Tuesday after visiting relatives here last week. He spent the week end in Rockford visiting at the home of his brother, William Neta May Ridgway, Corr.

6. February 27, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, February 27, 1934

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FUND RETURN PLEA ALLOWED Court Orders City to Turn Over Securities to Liberty Receiver. Circuit Judge Chalmer C. Taylor Tuesday granted the petition of Carter Pietsch, Liberty State bank for the recovery of $134,000 receiver, worth of securities, held under between bank city agreement officials to insure municipal dedeposit box the posits, First National Bank Trust company, also closed. Defendants named in the petition Will Costigan, former attordirector the Liberty Richard M O'Connell, former city attorney his successor, Thomas Weldon: municipaliMayor Louis Wellmerling. and John Cleary, city comptrolMr. Pietsch. in his petition argued before the several ago, contended that although his duties authorized him to take charge of all books, records and assets of the bank, and conserve them for the benefit of creditors, the interfered with this by refusing to surrender the assets in question. $130,000 Deposited. The petition recited that the bank officials municipality entered whereby, to protect the city's funds deposited the bank. the latter would place in First National Bank Trust company safety deposit box listed securities notes secured by first mortgages on real valued $250,000. Mr. Pietsch represented that when he became receiver Octothe books showed that the city deposited from varifunds Mr. Weldon. arguing the municipality's side the circuit court December, maintained the time the signed. the depository bonds of the preceding two year period had pired. said many were failing and that surety companies refused depository bonds to protect municipal funds Mr. Weldon pointed that the law that time entitled the city this protection the bank unable to get the city took The he specified the securities held trust by both the city the bank and opening the deposit box permissible only in the designated representatives of both. his Judge Taylor said: appears that the bank (Liberty State) had been the depository certain accounts prior to having by surety bonds. records do show that the bank had designated the depository by any municipal ordinance as provided by statute Agreement Made. "On the last mentioned date written made tween the city bank. their proper officials, which recited complete rangements surety rangement the agreed certain under the control the city attorney the for the these securities deposited purpose the loss the posits. apparent from the the agreement that only However, arrangement remained force until the bank closed general moratorium March The bank never after date, eventually the petitioner appointed for purpose of liquidating the thereof. "The question here (Continued 1.)

7. April 28, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, April 28, 1934

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CITY TO SEEK FUND RULING Employee Heating Council Will Appeal Decision of Court on Money Locked in Bank. The city will appeal the adverse the Trades circuit court ruling ordering at restore to Liberty State bank from uty Receiver Carter Pietsch 000 worth of securities which the eral court held to be withheld assets tional the defunct bank. This was voted rived Friday night's weekly council conferred meeting on recommendation of the during the and finance the meeting report presented by Alderman Sargent. The securities were represented the having been transferred to will First National Bank Trust com- and attempt pany safety vault secure city to the deposits in the Liberty bank cordance with an agreement tween officials the latter and of the city while Ben Rhodes mayor tion of The empowered City Attorney Thomas Weldon that they are assisting counsel the engage taking decision the that to appellate court. raises in pay WOULD CHANGE SYSTEM. Action to improve the lot of the garbage Bloomington was instituted by Alderman Frank Gunn when motion proved for investigation with view to reforming conditions erning this work. "There are only 10 men hired the city to do this he is heavy work at best. During the last six understand. they have had to hire helpers and pay for this help out of their own pockets. Their wages have been cut like everyone else. It's not right. Most of them have to arise and unless they work like they don't get through before m. propose that the necessary spets be taken to trict the garbage collection tem and to arrange it so that none of the men will have to work more than eight hours day. I'd like to refer this to the mayor. the health committee and the finance committee. Some effort ought be made to the public what is garbage and what's not It's reached the point where the garbage men are pected to haul everything away that householders pile up around the garbage cans. CLAIM IS DENIED. On motion of the claims committee report. presented by Alderman Charles H. Kurtz. the request R. Smock. 703 South Mason street, for reparations from the city for injuries to his daughter, Harriett, received and for damages to his car in an accident on the Main street viaduct March 30, was denied. Mr. Smock's letter to the council represented that the car, driven by his daughter. skidded in the cartracks and struck parked city truck. REQUESTS STUDIED. Requests for permission to erect small structures were referred the streets and alleys committee and Building Inspector William Maloney. was from Ted Jones. 1211 East Oakland nue, building confectionery at 1203 East Oakland avenue, the other from George Buck asking to be to build an cream parlor at 511 East Grove street. ALLOTMENTS GRANTED Requests from the William Sherman G. R. post and the General Lawton United Spanish War Veterans camp for $75 and $25 customary Memorial day allotments were granted. APPOINTMENT OKAYED. Appointment of Charles W. Brown as special policeman for Woolworth company, to serve without municipal pay, recommended by Mayor Louis Wellmerling, was approved by the council.

8. May 12, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, May 12, 1934

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CITY SALARIES REMAIN SAME Beer License Problem Put Up to Council by Petitioners. of of percent off pay been get the club, artes this year as last by club and the for the annual at the The of was an Fred at the proposed that the which relates percent made year the the salary ordinance be form of talent the aldermen and The theme and at the April in Lawrence Turpin proposed "In the that the finance in pre- hall paring the new consider popular salaries to dancing in These remain at the with nice Finances Low. After the placed on passage by Aldermen John D. fard and Goodger said they favored the restoration but clared that the city's did not permit resoluties from the City Firemen's union urged the It was " ferred to the finance BEER FEE STUDIED. The proposition of whether amend the liquor to tablish beer license $100 year for the benefit of TM from the shallow grave with the reading of petition from 25 res. taurateurs and This was referred to the judiciary and Griffard thereafter presented resolution to the same effect and his suggestion that It be considered by the council as committee of the whole at meeting some time week was accepted. Alderman Alonzo Bargent opined this was duplication be. cause of the petition. ASKS INSURANCE A communication from Carter Pietsch. Liberty State bank deputy receiver. asking the city to consider Insuring the equities in real estate and other interests involved in the city's appeal of an adverse circuit court ruling. was referred to the judiciary committee and City Attorney Thomas Weldon. The city was court ordered to tender to the receiver approximately $134,000 worth of the bank's securities held in escrow as security on municipal deposits in the defunct bank. PATRONAGE PROBLEM. Mr. Griffard's that litical patronage in city jobs equitably apportioned among the various wards on the basis of the last mayoral vote was referred the judiciary committee on motion of Mr. RECOMMENDS DANCES. Prenzler. park commissioner recommended that two or three public dances week be authorized the Miller park pavilion with adequate police supervision: but no Sunday dancing Mr. Olson contended dancing should be permitted since "young folks could and do go to dance other places on Sunday where there is no police protection. He argued that baseball be permitted at the park on Sundays also: "We ought to make the place popular,' said he DUSTS ONE OFF. New Alderman John P. Kane dusted off an old bugbear of the council when he proposed that the much-discussed traffic signal at Washington and Allin streets be lowered to the motorists' line of vision or supplanted with streetside signals. Mr. Turpin explained that be lowered because of street cars and buses: that the city cannot afford the side type replacement and that the interval timing has been changed to favor Washington street traffic. FREE SWIMS OKAYED Alderman Willis Schueth's proposals that free swimming privileges be granted school children at Miller park each Monday from to during the vacation season was adopted. LOTS TRANSFERRED. Transfers of two Lake Bloominglots from George, Frances Marie Smith to Mrs. Minnie Osborn, Gibson City, and Mrs. Jennie

9. June 8, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, June 8, 1934

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Nine Free Courses Agreement Expected to Be Submitted at Meeting of Council An agreement whereby the Lib- erty State bank deputy receiver Carter Pietsch. would be allowed to proceed with the liquidation of $134,000 worth of disputed securities, in expected to be for creases. action at Friday night's council The circuit court upheld Mr. Pietsch's contention that the securities were withdrawn assets of the bank and ordered the city to restore them to the deputy receiver history. from the First National Bank & Trust company safe deposit box where they were alleged to have been sequestered. The securities were alleged to have been used to secure municipal Carrington said. deposits in the Liberty bank in 1931 and the circuit court ruled this Board Will Discuss arrangement invalid. City Attorney Thomas S. Weldon has been authorized by the council to appeal the case and the agreement to be education will be held at 7:30 considered by the council would permit the liquidation of the securities in order to avoid possible time depreciation during litigaton. Proceeds would be segregated will permit. from receipts from other liquidation of the bank's assets and would be held intact for either the city or the receivership in accordance with the appellate court's finding.

10. June 16, 1934 The Pantagraph Bloomington, IL

Article from The Pantagraph, June 16, 1934

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CITY BACKS PLAYGROUNDS Votes to Pay Supervisor: Other Matters Are Discussed. of playground at the and meeting Friday weekly of night : after presented on the matter report that group the Relative the Council Agencies at the the the I recreational appointed by the mayor the approval of the with the purpose of employing for supervisor and trained recreational purchase of for the and to and out of suitable places for recreational activities BUYS EQUIPMENT also reported that Mr. Goodger the the of Mark R. to proposal and dock to the city for two at Lake equipment and formerly Leland The such by the purchase RECEIVES PETITION A 640 name from his on his route was on file without celved and placed REFERRED TO COMMITTEE. A Army municipal help in suggesting taining that organization's transient relief service, was referred to the finance of Alderman Alonzo The ter stated that the last year the local organization provided 61,290 meals and beds for clothfumigation and night shirt ing Mayor Louis F. Wellmerling pointed out that the finance had discussed the matter with the Salvation Army board at Friday morning meeting CLAIM PRESENTED. A request from John C. McGraw that the city settle an old case he filed against the Bloomington Wa. ter company for damages Alleged to have been entailed to his land below Lake Bloomington because of the dam construction. was ferred to the claims committee and on motion of Alderman DeWitt Gray. Mr. McGraw offered to set. tie the matter for $140. SALES TAX DISCUSSED. A from the Tolman, Chandler & Dickinson law firm, Chicago, suggesting that Bloomington provide water and electrical deta with view participating in general municipal resistance the sales tax on these referred to the judiciary committee and city attorney motion of Alderman Willis O. Schueth. who remarked: "It's pretty pass in the United States when are trying to tax each other." LIQUIDATION OKAYED On motion of the finance committee. the mayor and City Clerk Herman J. Bock. were authorized to sign stipulation whereby the Liberty State bank deputy receiver. Carter Pietsch, may proceed with the liquidation of $134,000 in assets under legal dispute between Receiver William L. O'Connell and the city Proceeds are to be segregated pending the result of an ap. peal by the city from circuit court order here ordering return of the securities to Mr. Pietsch. BOX OFFICE ASKED. A request that the city permit use of part of the sidewalk for building box office at the Castle theater was referred to the streets Discussing state politics. Mr. said: "We had Democratic platform in 1932, which would make fine reading matter today. Since the Democrate have come Into power in Illinois what has occurred to the civil service? What has to economy in government? Ever more and new revenues has impelled the Chicago Tammany Democratic rule in Illinois. Even the road fund has been (Continued on Page 5. Col. 1)