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Frozen Assets Force Mansfield Bank to Close (Continued directors to vote for the closing and readjustment "There's nothing wrong with the books These are being the regular preliminary to readjustment The officials the bank and the directors have forseen for some time that the frozen acsets would force some kind of action toward readjustment, and to forstall situation that might not improve, the agreereached to close "The depositors are going to be taken of The bank reopeh days, may be liquidated entirely. course action depends upon what the books show the exact to There has been some talk with the other bank At the ent time, we don't know what will be done. but definite that the dewill not lose positors Depositors Not Alarmed The People's State bank of Mansfield the with which the Mansfield State bank has been connected consolidation rumors. Among the residents of Mansfield, there to be no Saturday over the closing of the Mansfield State bank, reports being that the majority of the Institution's depositbelieve their money Is safe. Rumors that the Mansfield State bank was in atraits due to loans granted farmers have been prevalent around the community for weeks However, there was no real on the bank, such was the apparent confidence reposed by the peoin the officers of the institution. factor contributing to the decisthe officers directors to close up the bank was the crop situation, according to business men. It was recognized that the bank could not hope to collect much on its loans to the farmers from the proceeds of the 1027 corn crop. this being late and in some parts Platt count, levelled by the heavy rains late September The Mansfield State bank has gone through two closings in the past. W. founder, succumbed financial years ago in the early career of the institution Later, the revived bank went under again, due was alleged speculation losses by Langley, charge the time. years ago, H. Firke took charge and has remained at the head to the present 1925, the bank was robbed of 000 by bandits who shot and killed Frank Hilligoss, night watchman. Since then policy keeping only small amount of ready cash on hand has been followed. The of the institution is composed of the Atty Kirke. John Bechenholdt of Bloomington and Gillespie and Mrs Ada of Mansfield. The officers and directors were on hand at the bank when the of its books began and plan remain on the ground until the institution's affairs are adjusted and plan settling with the depositors ">rmed "The way to interest the farmer in radio is put up set in his house for few days and let him see what Atwater Kent.
