4426. First National Bank (Chicago, IL)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
8
Charter Number
2670
Start Date
June 25, 1932
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
adfd24ab

Response Measures

Public signal of financial health

Description

Multiple contemporaneous articles (June 25–26, 1932) report an incipient run on the First National Bank of Chicago that Melvin A. Traylor halted by appearing on the banking floor and pleading for confidence. The bank did not suspend; other Chicago banks did close, but First National remained open.

Events (3)

1. June 22, 1863 Chartered
Source
historical_nic
2. May 1, 1882 Chartered
Source
historical_nic
3. June 25, 1932 Run
Cause
Rumor Or Misinformation
Cause Details
Bank officials attributed the run to a deliberate campaign/plot of false rumors and anonymous telephone calls aimed at undermining confidence in banks; Traylor explicitly cited a well-planned plot and enemies.
Measures
Bank president Melvin A. Traylor appeared on the banking floor, publicly pleaded for depositor confidence; bank stated it was able to pay any depositor and remained open.
Newspaper Excerpt
Melvin A. Traylor ... stemmed an incipient run on his $25,000,000 First National Bank ... by appearing on the banking floor and pleading for faith.
Source
newspapers

Newspaper Articles (21)

Article from Green Bay Press-Gazette, June 12, 1931

Click image to open full size in new tab

Article Text

Chicago's Banking System In Good Condition: Traylor bankweek closings and three Melvin president of First National bank and the nation's leading told the United terests are restore small which have the banks small They ant entire banking their must, of course, greatly Helped Check Run Besides being the most workers Chicago's banking Traylor has come known to thousands depositors and understanding On he ried his help quiet depositors starting run on an outlying bank. Standing on chair the millionaire banker cited patrons that had of cash and deposits The crowds thinned out the bank out Traylor's that wished his money. The bank open. the tion from palatial office towering First National building from where aided in the quieting the unrest in days. Traylor tall man boyhood Kentucky present position as head dollar institution Mergers Have Helped helped Continued Page 2, Column


Article from Lincoln Journal Star, June 12, 1931

Click image to open full size in new tab

Article Text

wholesale withdrawals and we can safely say the trouble mainly past. Many patrons are returning their money to the banks from which they withdrew it in panic few days ago.' Mob hysteria was responsible for the situation which caused the twenty-seven banks to close, Traylor said. Other banking leaders said the nature of Chicago's population brought about the panic. Chicago has a high percentage of foreign born residents and many of them do not understand the American banking system. Most of them are thrifty and many of them of nervous temperament. Traylor's part in bringing order out of the financial unrest included directing the merger of the First National and its affiliate. the First Union Trust and Savings, with the


Article from Lincoln Journal Star, June 12, 1931

Click image to open full size in new tab

Article Text

wholesale withdrawals and we can safely say the trouble mainly is past. Many patrons are returning their money to the banks from which they withdrew it in panic a few days ago. Mob hysteria was responsible for the situation which caused the twenty-seven banks to close, Traylor said. Other banking leaders said the nature of Chicago's population brought about the panic. Chicago has high percentage of foreign born residents and many of them do not understand the American banking system. Most of them are thrifty and many of them of nervous temperament. Traylor's part in bringing order out of the financial unrest included directing the merger of the First National and its affiliate. the First Union Trust and Savings, with the


Article from The Northwest Enterprise, June 25, 1931

Click image to open full size in new tab

Article Text

LOAD OF MONEY PILED IN FRONT OF CUSTOMERS the past two weeks Chicago suffered the worst financial flurry in its history. Twenwhite banks, several of them with heavy deposits, closed their doors within space three days. The disaster began with the merof the State National banks, institution, with the First National. Half dozimportant institutions which the Foremans controlled were foreed to Depositors throughout the city became panicky. Runs began on the smaller institutions, twenty-four of which closed. in Southside Close Colored people, scarcely recovering from the Binga, Banker's State, and Citizens Trust crashes, suffered severely. The Lincoln State, and State Streets, with $1,000,000 deposits, a good portion of which said to have belonged to colored peo(Continued on Page


Article from The Macon Telegraph, December 12, 1931

Click image to open full size in new tab

Article Text

HOGAN FILES PETITION Jasper Thomas Hogan, former the defunct yesterday UnitStates and $5,220. the Among Mr. Hogan's liabilities obligation of the First National bank Chicago. secured There obligareceiver of Hatcher, Turpin All went jail default $1,000


Article from The Houston Post, June 26, 1932

Click image to open full size in new tab

Article Text

Traylor Halts Run on Bank Official Appears to Ask Faith of Customers in Chicago. CHICAGO, June A. Traylor, considered by many Democratic presidential timber, stemmed an incipient run on his $25,000,000 First National bank and $10,000,000 First Union Trust and bank Satur day by appearing the banking floors pleading for faith. Traylor, is president of both the three plot against the banks had been laid by and said had taken steps to put in more liquid condition than Both banking floors were crowded large number of whom apparently intended withdraw accounts. bank will be open during the usual business hours and will on Monday morning Traylor trons. will be willing and able to pay off any depositor who wishes to Referring to the alleged plot, Tray. was promoted by those who are friends friends. are the best position in our history. tell your that We will be open Mon day morning and every morning at The crowds quickly thinned after be had bank attaches said, normaley had been restored.


Article from Albuquerque Journal, June 26, 1932

Click image to open full size in new tab

Article Text

STEMS RUN ON HIS BANK CHICAGO, June 25 Traylor, considered by many democratic presidential timber, nation stemmed an incipient run on his his First National bank The Union Trust and Savings bank Saturday pearing the banking floors and for faith.


Article from Evening Star, June 26, 1932

Click image to open full size in new tab

Article Text

TRAYLOR CHECKS RUN ON HIS BANKS Plea for Faith Wins at Two Institutions.- Plot by "Enemies" Charged. By the Associated Press. CHICAGO, June 25.-Melvin A. Traylor, considered by many Democratic presidential timber, stemmed an incipient run on his $25,000,000 First National Bank and $10,000,000 First Union Trust & Savings Bank today by appearing on the banking floor and pleading for faith. Traylor, who is president of ooth banks-among the three largest in the city-declared a well-planned plot for a demonstration against the banks had been laid by "enemies" and said the banks had taken steps to put themselves in a more liquid condition than ever before. Able to Pay Off, He Says. Both banking floors were crowded with customers, a large number of whom aparently intended withdrawing accounts because of fear engendered by recent closings. Four closings today, one in the Loop, brought to 39 the number of banks here that have shut down this month. "The bank will be open during the usual business hours and will be open Monday morning," Traylor told patrons. "It will be willing and able to pay off any depositor who wishes to withdraw his funds." Referring to the alleged plot, Traylor said: "This was promoted by those who are not your friends or our friends. Fortunately, we are in the best position in our history. Please tell your neighbors that we will be open Monday morning and every morning at 9 o'clock." Crowds Disperse Quickly. The crowds quickly thinned after he had spoken and within an hour, bank attaches said, normalcy had been restored. The Loop bank to close was the Chicago Bank of Commerce with $5,200,000 deposits. It had absorbed the Union Bank of Chicago last September. Its assets are understood to cover deposits. Three other banks in outlying sections closed. two of them in North Shore suburbs-the First National Bank of Wilmette and the Northbrook State Bank The fourth was the South Ashland National Bank. These three together had about $1,000,000 deposits.


Article from News-Press, June 26, 1932

Click image to open full size in new tab

Article Text

Traylor Halts Run On Bank By Appeal vin A. Traylor, considered by many as democratic presidential timber, stemmed an incipient run on his $25,000,000 First National bank and $10,000,000 First Union Trust & Savings bank today by appearing on the banking floors and pleading for faith. Traylor, who is president of both banks among the three largest in the city-declared a well-planned plot for a demonstration against the banks had been laid by "enemies" and said the banks had taken steps to put themselves in a more liquid condition than ever before. Both banking floors were crowded with customers, a large number of whom apparently intended withdrawing accounts because of fear engendered by recent closings. Four closings today, one in the Loop, brought to 39 the number of banks here that have shut down this month. The bureau of census has announced that 1,201 of the 6,055 retail outlets for oil and gasoline in Kentucky are filling stations. Troops from Fort Riley, Kas., were called out to capture 68 hogs spilled from the trailer of a truck.


Article from The Los Angeles Times, June 26, 1932

Click image to open full size in new tab

Article Text

FOUR IN CHICAGO AREA CLOSE CHICAGO, June additional banks the Chicago been closed. They the Chicago Bank Commerce, deposits about South Ashland with posits about $110,000; First tional Bank deposits about and Northbrook State Bank of Northdeposits about Chicago Bank Commerce State


Article from The Index-Journal, June 26, 1932

Click image to open full size in new tab

Article Text

Melvin A. Traylor Stops Run On Bank By Timely Appeal CHICAGO, June A. Taylor, considered by many Democratic presidential timber. stemmed an incipient run on his $25,First National Bank and $10,000,000 First Union Trust and Savings Bank today by appearing the banking floors and pleading faith.


Article from Lewistown Daily News, June 26, 1932

Click image to open full size in new tab

Article Text

Trayler Halts Run On Chicago Bank vin A. Traylor. considered by many democratic presidential timber, stemmed an incipient run on his $25,000,000 First National bank and $10,000,000 First Union Trust and Savings bank today by appearing 6n the banking floors and pleading for faith. Traylor. who is president of both banks among the three largest in the city-declared a well-planned plot for a demonstration against the banks had been laid by "enemies" and said the banks had taken steps to put themselves in more liquid condition than ever be. fore. Both banking floors were crowded with customers. A large number of whom apparently intended withdrawing accounts because of fear engendered by recent closings Four closings today, one in the Loop, brought to 39 the number of banks here that have shut down this month. "The bank will be open during the usual business hours and will be open on Monday morning," Traylor told patrons. "It will be willing and able to pay off any depositors who wishes to withdraw. his funds.' The crowds quickly thinned aft. er he had spoken and within an hour. bank attaches said, normal conditions had been restored.


Article from The Daily Worker, June 29, 1932

Click image to open full size in new tab

Article Text

DRIVE WORKERS AWAY FROM CLOSED BANKS IN CHICAGO Three Banks Fail Since Republican Convention Announces Decrease in Failures CHICAGO, with clubs drove people away and helped stop runs on two of the largest banks in the city, the First National and the Continental Illinois, which closed their doors, temporarily, at 11 o'clock Friday morning thus preventing people from getting their savings out. The Chicago News on June that banks have closed their doors here within the past month. On June 14th the day that Senator Dickinson made the keynote speech at the stating, "Bank failures diminished, thus preserving the resources of millions depositors", three banks failed here and since then up to Friday, POLICE ATTACK June 24th, 23 additional banks failed with total deposits of $30,539,000. All over the have been JOBLESS IN AL trying to drive the people away who tried to get their funds from banks still open. Heavy runs are being CAPONE'S TOWN made by the panic stricken people. receiver asked for the Cook County Trust Company which was controlled by the same officers of Beat Up Women with the Phillip State Bank which failed Black Jacks Who June 21st. Charges were made that the officers of the Trust Company Demand Relief transfered trust funds to the bank although knowing that the bank Worker insolvent CICERO. meeting called Moe Rosenberg, west side democrathe Cicero Unemployed Council tic sold the Cook County Avenue and 14th Street Trust Company to the Phillip Bank. broken up by the police. Some of through the sale of $200,000 prefered the Chicago Red Squad, the county stock and 10,000 shares of common highway police and the local cops stock. As we go to press news was leased five more banks having veritable wave bank failures wiped out the hard earne savings of thousands depositors in Chicago during the last two weeks. The wave was set in, it stated here, by the failure of the 12 Bain Banks. These banks loaned many thousands of dollars to relatives and political any security. being disclosed at the trial of the Bains now in progress. disclosed how many workare being deprived of their savings through these continued failures which expose the utter deception which General Dawes attempted to smuggle in when he stated, upon turning to Chicago, that the financial structure of the country getting to stable.


Article from The Indianapolis Times, July 27, 1932

Click image to open full size in new tab

Article Text

NATION-WIDE 'PLOT' TO RUIN BANKS PROBED Traylor Says Campaign to Destroy Confidence Known for Months. RED LINK IS CHARGED Detroit Police Hunt for Alleged Communist Head of Drive. By United Press CHICAGO, July 27.-Melvin A. Traylor, president of the First National bank of Chicago, charged today that a nation-wide plot to destroy public confidence in banks has been in operation for many weeks. Meantime, George Rowland, alias George Salzman, wanted by Michigan police in connection with a reported communistic plot to blast the banks of the middle west through destruction of public confidence, was reported either in Chicago or en route here. "There is not the slightest doubt that persons seeking the overthrow of the American banking system have carried on their attacks in all parts of the country," Traylor said. "They have worked through anonymous letters, anonymous telephone calls, false rumors and in other ways. "I believe the recent runs on the First National and other Chicago banks were caused, at least in part, by this destructive and subversive campaign."


Article from The Bismarck Tribune, July 27, 1932

Click image to open full size in new tab

Article Text

SOCIAL REVOLUTION IN COUNTRY OBJECT OF RUMOR CAMPAIGN Ramifications of Conspiracy Are Revealed by Police at Pontiac, Mich. SEEK REGIONAL DIRECTOR System Followed Was for Agents to Undermine Depositors' Faith in Banks Pontiac, Mich., July 27.-(P)-State police sent out orders Wednesday for the arrest of George Rowland on a charge he acted as Detroit agent of a radical group which planned a social revolution by circulation of rumors attacking a number of large banks in the country. The officers said that a raid on Rowland's hotel room here Tuesday revealed ramifications of the plot. Capt. Ira H. Marmon of the state police, who directed an investigation of Rowland's activities here and led the raid on his room, said letters and telegrams seized established that Rowland had directed circulation of rumors against banks in Illinois, Indiana, Ohio and Michigan and that he had been instrumental in attacks against the First National bank here. Marmon believes Rowland was warned by a confederate and fled. Marmon said the letters showed that Rowland was one of several regional directors of attacks against banks and that a number of subordinates were working under his direction in the middle west. particularly in Chicago and Cleveland. Called Big Depositors Telephone conversations from Rowland's hotel room, which were tapped by detectives, Marmon said, showed the method of operation of the ring. Agents going into a new city, secured the names of prominent business men from the city directory, called them by telephone and warned them that banks in which they had money were unsound. Letters written by Rowland but not yet mailed also were taken. These, Marmon said, asked for reports on the progress of campaigns and suggested means of procedure. Advertisements assuring depositors of the soundness of the First National bank here recently were placed in a Pontiac newspaper after oficials of the institution said they felt that pressure had been brought to bear against depositors. One letter, which had been written to Rowland by "Comrade HG" at Cleveland read: Tells of Campaign "Following your instructions to me, I am writing to give you as clear a picture as possible of our campaign against the banks in this district. "You know it is a slow proposition to get people steamed up for a run. However, your telephone program seems to be working out fine. There is considerable unrest here and we are informed by clerks in both the Union Trust and the Cleveland Trust that the depositors are very nervous. We have tried to keep up the good work. "We note here with great satisfaction that you are making considerable progress in Pontiac and that you are taking a good crack at the one jug (bank) which is there, the First National, and it seems to us if you can that over a good dent will be put made in the bank at Detroit and it won't be long before our combined efforts will make a lot of trouble there as well as here, Chicago and elsewhere. Object to Strip Faith "I did not have much trouble in convincing the agitation propaganda bureau that this was important work and the sooner we strip the petty bourgeois and the white collar stiff we of his faith in banks the sooner will bring about the unrest that will lead to the revolution. "All of the other activities: campaign, unemployed councils, workers' ex-service men's league, etc., are going forward satisfactorily. "We will all hope to see you in the hear future as we know you are in a not spot. Yours for the revolution." A letter written to "Dear Comrade GH" read in part: "I am very encouraged because we have had plenty of runs against the banks, particularly the big five in Chicago, big meaning the First National, Continental Illinois, etc., and the Union Trust and Cleveland Trust in Cleveland and others. My work here n breaking down the outpost of the banking structure in Detroit by breakfruit." ng the First National is bearing


Article from The Indianapolis Times, July 28, 1932

Click image to open full size in new tab

Article Text

FOSTER DENIES 'RED PLOT' TO DESTROY BANKS 'Whispering Drive' Charges Attempt to Find Excuses for Crashes, He Says. By United Press CHICAGO, July 28. Federal agents and police today hunted a mysterious individual, described as George Rowland, whom they charge with being an agent in a widespread campaign by persons of Communistic beliefs to wreck banks by starting runs among panicky depositors. The sensational charges were met with direct denial by William Z. Foster, Communist party candidate for President, that such an individual as Rowland exists. Foster denounced the accusations of a plot as "deliberate fabrications." Regardless of Rowland's existence, reports were in the hands of government investigators showing banks in many cities victims of runs apparently started by telephone "whispering" campaigns. Bankers were inclined to agree with federal agents that a concerted drive had been made. Traylor Charges "Plot" Melvin A. Traylor, president of the large First National Bank of Chicago, was positive an organized campaign had caused recent runs on his and other large Chicago institutions. "I have information," he said, "from virtually every large bank in the nation indicating a plot to wreck banks by unfounded rumors. Anonymous telephone calls were used in attempts to cause panic." At Salt Lake City, Utah, banks reported their belief such a plot was being attempted at the present moment. At Washington, D. C., federal authorities said the department of justice had investigated a virulent campaign against banks in a Pacific coast city. "Whispering" Campaign Traced The same investigators said, however, that study of runs showed many inspired by personal malice or misinformation. Authorities of the twin cities reported a recent whispering campaign against large banks there. Reports of similar activity came from Cleveland, O. Police of Pontiac, Mich., continued to reveal details of the plot which they said was aimed at the destruction of the First National bank there. Captain Ira Marmon of the Michigan state police, who caused the


Article from The Miami News, August 4, 1932

Click image to open full size in new tab

Article Text

Horoscope What Tomorrow Means to You The BY HELEN ROWLAND EX-LOVERS Alas, for the fragility of these romances! Like poplar trees and morning glories, they are good," they die young To man, every little summer love-affair is just another woman, leaf the Book of Memory "LEO The Fates and will be man at gerheads Aug. and are apt receive jolt, which will force you to realize the necessity of being the worries There BORN but within family There be married. The girl will usually may cause regret the laxity find him Marriage doesn't UNITE him to parental married merely ATTACHES him to of way. couples may the of courtA bigamist is merely an altruist, whose misguided enthusiasm has led they wish have and to the shoulder the matrimonial responsibilities pair of bachelormate. Children this will They will slightly highly and capable affection the They jolly sympathetic friends and They will have set life. Your born the qualities your and You have good spirit the feelings and interests your fellows. able establish real contact the minds others, and are usually peace with your little world. You tact tience, all ing good friend, There nothing slovenly about habits, you lack neither Success for not from paid usefulness. but assets. brain in curate orderly files. You cannot motiveless life, and must peg which hang your efforts. effort never keep you from your goal, though you have "try There is great deal gentleness nature. be man your make nurse sickness within the outside help available. The Aug. 5th woman her delight visit, and whether rich state has good 1932. 500,000 gallons fuel its prison farm at Raiford the Standard Oil of Kentucky BEDTIME STORIES approximately $20,000. board of institutions called for for furnishing three the supply system at state hospital for the insane Chattahoochee. coroner's jury night verdict that Lester Youngblood, 18, to his death driven carelessly by Douglas, Gainesville charged manslaughter and posted $5,000 TALLAHASSEE The supreme court remanded E. Martin. Orange county tax collector, Sheriff Frank Karel's custody await trial criminal court record Orland charges embezzling more than $12. 000 excess fess from the county. The court's order based habeas corpus action brought by Martin in effort escape trial on the charges. BANK RECEIVER SUES CHICAGO. Aug. receiver for the First tional bank of has filed suit federal accounting from J. Fred McGuire, Chicago realtor.


Article from The Buffalo News, March 4, 1933

Click image to open full size in new tab

Article Text

ILLINOIS BANKS ORDERED TO CLOSE FOR THREE DAYS CHICAGO. March general three-day holiday Illinois was early urday extended Chicago financiers and Gov. Henry Melvin the First National made announceeffect Saturday. Monday and Tuesday Traylor closing upon signed by The the reopen March may ited per cent. during the following eight Gov. Horner said the past several days have been conference banks Illinois effort the course tion has bank states surroundIllinois and the counthe banks this state would strain has them. This hour issued statement effect holiday The has made The banks paid more in the past effort tide also expected the national government might regard The picture has materially changed Friday day banks the banks and association the Federal Bank Chicago, deem the welfare citizens the protection bank referred my issued The Federal Reserve bank of Chijoined holiday and no gold Saturday would not reopen "until conditions


Article from The Belleville News-Democrat, March 10, 1933

Click image to open full size in new tab

Article Text

Horner Issues mation to Conform With Roosevelt. Chicago, March banks closed today der another "harmonizing" proclamation Governor Henry Horner. The Governor said that his third proclamation issued last night because of action of our tional government of this date and also necessity of action with national action, near may Other developments in the Illibanking situation of the First tional Bank of Chicago and filiate, the First Union Trust Bank, state institution. legislation to give the Governor powers insurance affairs during the bank holidays. of hoarded gold to Chicago Federal Reserve Bank. of Board of Trade rockets $2,000. meat prices. Melvin Traylor, president First National Bank and affiliate, said the decided upon of the recent developments and the prospect that banks which members of the Federal Reserve system enjoy wider privileges." The Union Bank for number has not been member of the Federal Reserve Bank, depending on its parent The combination makes the First National Bank the second largest Chicago with resources of proximately Governor Horner and Ernest Palmer, Superintendent of Insurfor Illinois, conferred to draw up proposals garding insurance companies the bank holiday which will the Tuesday session the State Legislature. The posals, explained, will policy holders, as well under farm and home gages held by insurance companies. bill provides that the ernor shall have authority to stay foreclosure proceedings and grant extension time for the payment mortgage indebtedness farms and homes where such mortgages held or owned by insurance companies,' Palmer said. Federal Reserve Bank officials here said "noticeable" amount had been returned but they did not estimate the In two sales of Board of Trade seats the price jumped from $6,000. Traders erally regarded this an expression of confidence in the future. Quotations on Hogs were 50 cents lower lambs cents and steady to cents under the highs earlier this week. THE PROCLAMATION Chicago, March lowing the text Governor Horner's proclamation issued last night: In of the action of our tional government of this date necessity harmonizing state action with national action, near may to the holidays during which banks and trust companies are be closed for the transaction of business Henry Horner, of the state of Illinois, hereby declare, proclaim and direct that lamation of March third further modified amended that shall provide that no bank company shall be open the transaction trust business prior to company 1933. Until take further action, other provisions of the proclamation issued by me March third, shall remain force. should clearly understood this time that no proclamation heretofore made by me shall permit any Illinois state bank trust company transact any business, any which violation of the this state Dated Springfield, Illinois, this ninth day March, at Henry Horner, Governor nois.


Article from Herald and Review, April 27, 1933

Click image to open full size in new tab

Article Text

TEACHERS in Besiege Trust Company DEMAND RELIEF bankofficials shafts song. 3,000 militant school their anger the Icop Wednesday siege the Chicago Trust company and the First National bank. precipitated former when police tried to their advance. From the bank, they marched city the school board holding its meeting. Like major military offensive, the march began. Commanding general was TeachJohn who auto equipped with amplifying apparatus, his followers martial music reminding them their impelling purposes. was the second teachers have staged their annual spring cation period. Police Wield Clubs The challenge they hurled before offices of the Trust company today "Pay your general melee resulted and pedestrians felt the of the being jostled pushed. Traffic halted for the Some of the teachers forced their way into company's offices. milled about street and doors. clubs bring about some semblance of many them scratched and their Several teachers seriously, and several women fainted The demonstrators clamored for audience General Abel Davis, chairman the board of Trust company and shouted taxes on much of property controls. Referred to Solons committee teachers received by Holman president Trust company. told have been property could not present pay their to the remedy Pettibone them. then proceeded to the First National see president. Traylor. Despite carefully guarded got operations suspended they paraded about, chanting: Traylor not appear and president heckled into teachers then marched to the school board them and speak their views. All against the City Hall School Wallace Cald original proponent of plan close schools from May declared had students themselves would about shutdown by walking from their next The board voted to defer action the proposed closing adoptEdward Kelly's legislative relief program. teachers attempted storm meeting the city council and police cordons the aldermanic teachers mitted addressed the and councilmen he and of the teachers permitted to enter.


Article from The Thomson Review, August 3, 1933

Click image to open full size in new tab

Article Text

As Championship Form CHICAGO BANK AGREES TO GIVE CARROLL BANK POSITORS LOAN OF 15 CENT was made Carroll Saturday that First tional Bank has agreed lend percent the liquid assets of the First Carroll County State bank. This will be money paid percent dividend who agree the monto pay for stock the new bank which being organized Mt. Carroll. Officials the Carroll County State Bank, which has been closed since the March holiday, have plied to the Finance Corporation for loan, and representative of the expected Carroll soon. Three hundred the 500 shares the new bank have been sold. FARM AND STERLING ALL WIN SUNDAY GAMES INDIAN HEAD LEAGUE The Standings Fulton Savanna Bureau Sterling Shannon Thomson .300 Lanark Leaders the Indian Head leagretained their positions, Sunday, Fulton showing championship form the Whiteside boys the lowly Lanark Blues by Savanna took from Mt. Carroll; farm bureau had little trouble feating and and Sterlhard pressed eke over Lanark Pushed Lower Cellar The Lanark Blue Sox before the offensive fensive power the league Fultonites Sunday, and had take to beating most manner. seven rally first inning started the with the winners scoring the first six frames. Seven along with 18 hits garnered by Fulton, them the gave dozen and five Fulton 732 421 Lanark Shear and Wilkins; Cole and Garland. Savanna Just Manages Win five rally the eighth ninth made possible few solid and couple bobbles by the lads county seat the Brewers victory over the Mt. Carroll Cubs Savanna Sunday. The winners took the lead in the first three nings, only to have Mt. Carroll out front with three run batting spree the fifth and two affair in the sixth The Savandefense tightened then, and the county-seat another across the platter. Score by innings: Savanna Carroll Summary: Home runs, Adams, King. Three base Two hits, Reed, Bashaw, Hanna. Strautz. Stolen base, King, Grimm. Passed balls, Bashaw Wild pitch, Schaut. Struck out, by Ginie Schaut Bases balls off OR Cchaut Winning pitcher, Ginie. Losing pitcher Schaut Umpires, Crouse and McGrath. Time of game, 2:05. Eighth Wins for Sterling The Shannon entry the Indian Head league enjoyed comfortable lead on their diamond until the eights inning staged the Sterling when the dus. had cleared front The engineered the their balf the 8th fell and the game ended and county team the short Sterling. and Johnson led The Shannon and mier. the registering three Erdmier. Shanmon 001 Shannon Batteries: Thomson took one run lead the second inning were unable hold for long the Sunday, heavy hitting Farm Bureau taking an victory when the game was over. The boys from the melon village played ball most the time. the slugging Farm Bureau players were much handle, and the winners poked out 14 solid smacks. Manager Ware and his boys turned on full power the fifth, sixth and seventh, seven the eight runs. B. Ab Hawkins Royer Kensinger ef 2b 3b Goble 1b Weymeier 1b Sturtevant Rahn Ware Rahn Leavens Totals Holland 2b Lewis Tousley Hartman Groharing Brown Ores 1b Totals Score by innings: 020 Summary: Two base Royer. Leavens. Stolen base. Hawkins Struck out by Rahn Leavens Leavens Brown Winning pitcher Losing pitcher. Brown.