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Jersey State Bank Fails to Open Doors Jerseyville Depository Is Closed By Action Of Its Officers Reserve Depleted' Surviving Bank Marshalls to Meet All Demands Jan. Jersey State Bank, whose were listed Dec. failed to open for today, its executive officers their action closing the institution to "depleted The bank would not be reopened until the directors and state auditor of public deemed action decided upon "solely protect stated. The auditor of public Springfield notified. to take charge. the Chapman Outler, bonding the bank. Total deposits, according annual financial which demand beginning of the was listed year Report of Run An report had reached that the the Jersey State Bank had caused resulting in on the State Bank across street. Cashier Haniey, when interviewed today, there had little bank way closed, but subsided. deposits the bank, Hanley said, would exceed the withdrawals today, and he believed that the excitement allayed. ready to demands money, havon hand named prominent merchants of report run, brought express their confidence, the surviving made to bank, Cashier statutory Steady. In Jerseyville the failure of the disquiet due changes in the sonnel of the bank George for years minated had been and the bank, was just slowly bled white by them. Besides officers of the Jersey State Bank are E. Reddish, Russell Warner, cashier, and Miss Minnie Barron, cashier. The closed bank is located in the building formerly occupied by the National Bank Jerseyville, the closing which, Jan. followed the suicide of Frank Heller, the bank. Singularly enough, was the Jersey State Bank through which dividends the national bank were distributed the depositors the by receiver during the process of quidation. Eighty percent of the deposits were The Last Report. In addition to the cash reserve the Jersey State Bank listed United and in other bonds easily negotiable at the beginning the to this were "other loans" loans on real "other real bank and furniture $10,"other $7,781.41, all less easily negotiated assets. Capital stock of the bank totalled Other liabilities. besides the deposits, were undivided profits: reserve other banks, and $12,500 bills payable.
