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Blocks Attempt of Former Bank Official to Grab Cash An interesting side picture as to what some bank receivers encounter in the liquidation of suspended banks is brought to light in connection with the Citizens Trust and Savings bank, 55th and State Sts. Recent action of the supreme court saved $100,000 for the depositors. From the time establishment about Jan. Oliver Smith was president and director of bank. 1922 Ossian Cameron was director of the The bank suspended business Aug. 1930 and 25 per cent dividends have been paid to the depositors. presented to the receiver his claim of sented his claim of both The receiver refused these and accept petitioned the superior court of Cook couny for their allow controversy at issue and referred to master in chancery Attorney Gives Facts The report before master's 1932 court sustained the master judgment Appeal the the of Illinois affirmed the court July further appeal to the court of Illinois preme was finally disallowed appeal on Oct In the claims alleged that Citizens bank had converted 582 shares which theretofore were the stock property of Oliver F. Smith his right of action to 110 shares having been assigned to Ossian Cameron that the claims thus represented the leged conversion of 472 shares on the part of Oliver Smith and 110 shares on the part of Ossian Cameron. The evidence at the hearings the claims outlined by Edward Hess. counsel for the receiver, developed general That in the summer of 1921 the sued of Citizens Trust and Sav ings bank in condition: that Smith had sold stock to sometimes giving them certificates and sometimes merely that late these coming in for there unissued stock and all the authorized stock of the bank had been and in fact Smith had overcovered. the state Illinois ly ordered them Have you heard of Irene Castle? Of course have you'll chance to see her in person Dec. 28.