4168. Commercial National Bank (Chatsworth, IL)

View Charter #5519 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
5519
Charter Number
5519
Start Date
February 27, 1930
Location
Chatsworth, Illinois (40.754, -88.292)

Metadata

Model
gpt-5-mini
Short Digest
a5a8594f

Response Measures

Full suspension, Books examined

Other: Voluntary closing by directors and placed under control of Comptroller; later receivership and liquidation.

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

Directors voluntarily closed the bank Feb 1930 'for protection of the depositors' after several days of withdrawals and circulating rumors of involvement in bankruptcy cases. Examiners took charge immediately; a receiver (R. M. Crichton) was later appointed and the bank remained in receivership and insolvent, indicating permanent closure.

Events (7)
1. July 27, 1900 Chartered
Source
historical_nic
2. February 27, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Several days of withdrawals driven by circulating rumors that the bank was involved in bankruptcy cases; panic among depositors prompted heavy withdrawals.
Measures
Directors voluntarily closed the bank 'for protection of the depositors' and placed notice; national bank examiner took charge.
Newspaper Excerpt
There appears to have been withdrawal of deposits for several days prior to closing when rumors began circulate that the bank involved in several bankruptcy cases.
Source
newspapers
3. February 27, 1930 Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors voted to close the bank for protection after deposit withdrawals and rumors; closure was voluntary but under examiner control pending examination.
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
4. March 8, 1930 Receivership
Source
historical_nic
5. May 15, 1930 Other
Newspaper Excerpt
The treasurer's report ... showed balances on deposit at the Commercial National at the date of its closing the sum $3688.64, according to figures given by the receiver.
Source
newspapers
6. May 15, 1930 Receivership
Newspaper Excerpt
R. M. Crichton, receiver for the Commercial National bank of Chatsworth, obtained judgment by confession ... Receiver Crichton tells the reporter that he making very fair progress ... no dividend could be made until after the ninety-day period for filing claims, had expired which will be in July.
Source
newspapers
7. January 1, 1931 Receivership
Newspaper Excerpt
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.
Source
newspapers

Newspaper Articles (13)
1. February 27, 1930 Chatsworth Plaindealer Chatsworth, IL
Article from Chatsworth Plaindealer, February 27, 1930

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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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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. 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

4. 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.

5. 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.

6. 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

7. 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.

8. 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.

9. 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.

10. January 2, 1931 The Fairbury Blade Fairbury, IL
Article from The Fairbury Blade, January 2, 1931

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PUBLIC SALE. Having decided to quit farming, will sell public sale at the old farm, south Forrest, miles north of Strawn, mile Route Thursday, January 15, 1931, the following described property: Head of 10 years old, 1700. bay years weight 1300. gelding, years old, weight 1250. One roan suckling Five Head of Cattle One black years old, giving four milk. years old, giving gallons of One Jersey old, will years fresh May, giving One sey old, giving two gallons milk. One Holstein bull, old. Eight Buff Orpington cockerels and brooder sets of work harSome collars. Farm Machinery Consisting of box wagons. One truck rack. One Klondike buggy. Hummer McCormick binder. One mower. One planter, 120 rods of One 9-foot Hoosier Fordson One Oliver corn plow. John Deere plow. One 2-row Bradley plow. surface plow. One gang plow. John Deere sulky One walking plow. One harrow. butcher table. One kerosene heater. One kerosene lamp. laundry stove. Two barrels. Set husking boards and numerous othNo property to be until terms sale are with. plied BAER. Downs, Auct. Meeker, Clerk. Bros. SALE OF PERSONAL PROPERTY Notice hereby given that on Thursday, the 8th Day of January, 1931, between the hours 10:30 in the forenoon 5:00 o'clock in the afternoon on said day, to-wit, o'clock M., at residence John Wessels, ceased, Quarter of Township North, Range East the Indian Grove Township, Livingston County, Illinois, and miles west of Fairbury, Illinois, State Bond Issue Route No. on south said road, the personal property of said consisting Fourteen Head Horses and One mare, weight gray years 1850. gray old, mare, years weight 1875. One horse, gray years old, weight 1750. gray mare, years weight 1800. matched team mares, and years One matched team and years old, weight 2800, good team One span mules, and years old, weight 2850. One mare, years old, weight 1350. One bay mare, year extra weight 1550. black old, weight 1400. black mare, weight Eight Head Cattle One red Shorthorn cow, years old, fresh March. One Jersey old, years will fresh in Swiss years old, be fresh January. One Jersey and Shorthorn cow, years old, will be fresh by day One Jersey and Shorthorn cow, will be fresh January. Jersey Holstein cow, giving milk, will be fresh FebruOne roan heifer, years old, be fresh January Guernheifer, old, will be fresh January. These are all extra good milk cows. tractor. One John Deere plow. One corn picker. John Deere manure spreader. Two Deering binders. One Black Hawk planter. Peoria seeder. Monmouth Tarnum harrows. John Deere Budlong sulky plow. International hay loader. One Schroeder dump. Five cultivators. One 2-row Tower Columbus One Schuettler One Moline wagon. wagon. One rack. 6-horse engine. One truck with grain box and stock rack. One disc sharpener. One post drill. One corn sheller. corrugated roller. One walking plow. Shop tools. sets of Mapel Bros. heavy harness, used two years. Together with other goods, includDictator sedan, inder, 1928 model, sale highest and best order of the County Court CounIllinois, duly entered of record therein. Terms of sums of under, cash. On all over $25.00, credit and time will be given, than nor more than taking good security purchassuch bearing 6% 2% count will allowed amounts property removed from premises until settlement made. JOHN M. WESSELS, of the Estate of John Wessels, Deceased. Downs Zobrist, Auctioneers. Heins, Kilgus, Clerks. Sale held under tent. the Sam Watson farm was first Rous when Rous to town for which carried The tives did not clear of their bonds about Saturday when officers were informed the robbery. Times. After years of continthe drug store first established by the late Rogers ceased an institution of this community, last Thursday deal consummated whereby Reeves disposed the stock business competitor, Mayor Paso Journal. sometimes high school teacher. The Wabash Railroad company very reticent about their through trains, when they informed Miss Mildred Olson, Winfield, Iowa, would not able home boy friend at the dispatcher kindly very stopped the train Tuesday afternoon Olson Chronicle. Elevator company given notice January they not store more grain their grain must delivered. Sam Payne injured in when belt caught him the tractor. His throat seriously cut and was broken. His brother present the occurred shut the engine, which thing that from His injuries and developbut he now slowly improving. Two well known Iroquois families, the but in related other, unitlast Almet Tamof Danforth. The young their license County FriAs if to bind the that both plicants same old and that the father each the same Henry Tammen (father of son to give his youth's minority. Republican. Drilling operations near Momence in the hope striking to be continued for 25 more days, was decided at recent meeting busines funds continue the project. The Hughes company which been work, exhausted its funds the project taken over interests under name the Momence Oil Syndicate. Further evidence that does not lift to brought home Eason, Tydol truck driver Iroquois, when his kindness in pick- young Chicago Greek Iroquois Donovan afternoon repaid truck, Watseka truck later exciting chase, Sheriff Phelps his deputies the sconding Greek, gave his Christ county jail under waitaction the March grand Eason said he felt sorry seemed suffering and him up the road Arriving the latter place, he stopped outside Elliot garage for While the filled stepped inside moment, his Greek friend the truck. Presently passerby the door and asked truck going away. Eason rushed out just truck, the Greek, turn the to garage Sheriff Phelps then jumped into another Sheriff Phelps drove toward Pittwood, trucks the The these, in answer sheriff's questions, said he large yellow truck such the stolen, him minearlier, towards The officer then turned driving through town to O'Neil's station, again picked the trail. The truck, learned, had west. sheriff then drove City without running truck. the meantime sent word Kankakee and Vermilion county officials he drove north as the county Kankakee officers truck had been seen. He then returned Gilman, where found the truck and the Greek custody Gilman officials, also notified lookout. truck returned Eason duced Magistrate Peter Kamp. He with grand larceny. Crichton, receiver the Commercial National bank Chatsworth, has been ordered to to gusta, take national bank which has just failed there. Friday morning those out on Chestnut street block tearing from the north terrific arrived front the National one the breaks seemed the swerved the sidewalk and into the front chain the then whirled directed its toward the plate glass front the Princess Sweet Shop, the store adjacent south. accident. the National store the posts that hold the plate glass of the front of the vestibule leading the front door, were caved but there not crack any the glass. Bros. PrinSweet Shop, the missed crashing into plate glass by the fraction of inch. The driver the his name Bissenhome place, he alleged. He hired "drive your at stating that to to Springfield. Minonk One of the four bank robbers who killed following series robberies weeks Indiana, the name Albert aged Chicago. All four of the bandits captured. Johnson was raised township, southwest Benson. young old home farm located Chicago, where been rungarage business. ried Chicago girl, now aged early spring, baby son born them about six weeks On Tuesday of the week the bery, Johnson wife he coming down Benson visit parents, but apparently into company and participated the fair which him The states there had been dence that Johnson had any leaning towards life of crime she lieves that last week's escapade his initial Johnson's remains shipped Benson first the funeral services were held in Minonk at 11 o'clock Wednesday morning. Page Price, aged colored, highwar veteran city, died at his home Tuesday morning. He had been in failing health time. Tenn., Septem1864, enlisted 40th the Colored Troops. discharged from the service April 1866. had been resident of Gibson City City Courier. Friday. by sisted Rev. the United Brethren church Gibson City. The members Lee of the American Legion, City.

11. 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.

12. 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.

13. 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.