1.
March 23, 1933
Marion Weekly Leader
Marion, IL
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Asks Court To Set Aside Deed Made By Stockholder
In suit on file in circuit court, James Johnson, trustes in the bankruptcy of Nora Aikman is seek. ing to have the conveyance of a cer tain piece of real estate from Miss Aikman to her mother set aside and the real estate turned over to Miss Alkman's' creditors, principal of whom are the depositors of the Marlon State and Savings Bank. It is charged in the suit that Miss Alkman in 1929 became the owner of 31 shares of the Marion Trust and Savings Bank. Subsequent to the bank's closing. James, receiver, obtained judgment in stockholders liability suit for $3367 against Miss Aikman who on October 26, 1932 filed petition in bankruptcy. In the bankruptcy proceedings, according to Johnson's suit, Miss Alkman listed no real estate, having on April 10. 1930 conveyed to her mother piece of property described as a strip 75 feet wide of lot block Dunaway's addition to the city of Marion. Altho the deed of conveyance lists the consideration involved as $4500 the trustee's suit charges no money consideration was involved and tends that the real estate is being held in trust for Miss Alkman by her mother. In addition to asking the court to set aside the deed the suit asks that the trustee in bankruptcy be authorized to take possession of the property and dispose of it for the inteerst of the creditors
It is alleged in the suit that Miss Alkman had received information that the Marion Trust and Savings Bank might close, and that the conveyance of her real estate two days before the bank's last day in business was made with the knowledge that in case the bank suspended she would become liable for the amount of her stock.
The trustee in his suit asks that both Miss Aikman and her mother be required to answer under oath questions which may be propounded to them relative to the charges contained in the suit. Miss Aikman in hearing before the referee in bank ruptey at Carbondale is said to have denied that she had any information that the bank was in a failing condition which she executed the deed conveying her real estate to her The case is filed to the May term court.
2.
May 11, 1933
Marion Weekly Leader
Marion, IL
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REPORT OF BANK RECEIVER SHOWS $51,578.81 BALANCE
The last quarterly report of O. James, receiver for the Marion Trust and Savings Bank, filed in cuit court here shows balance on hand of $51,578.81 Collections for the three months period amounted to which added to the previous balance of left 49 on hand until the disbursement for the three months period left balance of The previous report covering the months of October, November and December showed collections of The report for the first quarter this year shows slight gain in collections over the last port of 1932 and it is understood that collections since the filing of the quarterly report have continued to show gains.
3.
May 25, 1933
Marion Weekly Leader
Marion, IL
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WARDER NAMED BANK ATTORNEY
Marion Attorney to Represent Group of Bank Receivers, Including One Here.
That Attorney Warder Marion is to be appointed attorney for the receivers group of closbanks including the Marion Trust and Savings Bank and the Herrin State Savings Bank was learned here Saturday morning. Attorney Warder lifelong Democrat who has rendered service to his party in various tive party capacities thruout an tive His choice as legal counsel for group of closed banks expected include many couthern Illinois institutions said to be part of the new ministration's plan to group bank receivedship under legal counsellors employed under contract to replace individual attorneys representing separate receivers on fee basis James, receiver for the Marion Trust and Savings bank, who will be one of the receivers represented by Mr. Warder under the new plan has since his appointment receiver been represented the law firm Stone and
4.
July 20, 1933
Marion Weekly Leader
Marion, IL
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DIVIDEND DISBURSED
Dividend Checks For Approximately Are Distributed
Dividend checks totalling approximately received by positors of the closed Marion Trust and Savings Bank from James, bank receiver, Thursday. The receiver sent out total 3583 checks representing the fourth dividend paid since the bank closed April 1930, and bringing the total amount paid depositors to about or 35 per cent of their pceits. It being pointed out by observors of local finance and investments that the 35 per cent paid by bank the since closed considerably more than paid by many other investments local and otherwise, which considered secure investments in 1929 and considerable portion of the bank's assets intact for realization of further dividend ments.
5.
October 12, 1933
Marion Weekly Leader
Marion, IL
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Bank Receiver Seeks To Foreclose on Church
Foreclosure of a mortgage on the church building of the Warder Street Baptist church is sought by O. A James, receiver for the Marion Trust and Savings Bank. According to the foreclosure suit on file the Marion Trust and Savings Bank upon the consolidation of the Marion State and Savings Bank and the Citizens Trust and Savings Bank became the owner of promissory notes amounting to $4000 held by the former and $2000 by the latter bank. The notes were secured by a mortgage on the church. A third note, one for $4000 held by the First National Bank, Is mentioned in the suit.
6.
October 12, 1933
Marion Weekly Leader
Marion, IL
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Receiver Asks Writ To Halt Tax Sale
In a suit on file in circuit court on Friday, O. A. James, receiver for the Marion Trust and Savings Bank asks an injunction restraining Sheriff G. J. Frick from selling 30-pieces of Marion real estate owned by the bank for delinquent taxes and special Listing the pieces of property, the bill for injunction sets out that in view of previous sales at which the properties in question were sold and redeemed by the bank the sale now advertised by the sheriff is not legal. A. temporary injunction is asked pending a hearing on the claims of the bank in court. The suit is filed to the February term of circuit court at which time a similar injunction proceeding initiated by the Marion Building and Loan Association in which a temporary injunction has al ready been granted is to be heard.
7.
August 23, 1934
Marion Weekly Leader
Marion, IL
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WARDER STREET CHURCH SOLD
Congregation Has 15 Months to Redeem Church Building Bought By Bank Receivers.
At a sale held by Laura Belle Warder, master in chancery, Wednesday, John Spires, receiver for the First National Bank and Joe P. Benson, deputy receiver for the Marion Trust and Savings Bank, bought the Warder Street Baptist church
Thursday it was stated authoritatively that neither of the bank receivers plans to hold church services in their newly acquired church building and it appeared likely that the present congregation of which Rev. J. W. McKinney is pastor, will continue to occupy the church property for the present. The congregation has 15 months in which to redeem the property which was sold under foreclosure of a joint mortgage held by the two banks. The receivers are empowered to ask for a receiver to collect rents and control the property during the period provided for redemp tion, but no such appointment has as yet been requested by either Benson or Spires Thetwo bank receivers bid on the property to protect the joint mortgage for $10,000 held by their institions. There were no other bidders The First National Bank held $4000 of the $10,000 mortgage, and the Marion Trust and Savings Bank held $6000, of which $2000 was acquired from the Citizens Trust and Banking Company at the time of the consoldations of the two institutions.
8.
August 23, 1934
Marion Weekly Leader
Marion, IL
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AROUND TOWN
ALAS, ALACK!
And they've put barb wire on top of the fairground fence.
NO PARKING PLACE
If the President realized the situaton he would do something about it. It is conservatively estimated that if all the sit in the windows and lean against the wall in theoffice of County Superintendent of Schools Don Moss were herded to the polls on election day they would make up a third party with a platform providing for more chairs in the superintendent's office.
THE LONG WAY 'ROUND
Wren Justice of the Peace H. McCluskey leaves home in the morning he is three blocks from his office. After he walks three blocks he still has two blocks to go and when he has walked four blocks his is one block further away from his office than he was after walking the firnt three blocks That's all because when he puts his foot on the steeps leading to his office he is still a block away from his destination. His office is in the Cox building which has its entrance on the south side of the public square. The building is block long, however, and his office windows are directly over East College street, at point which Justice McCluskey passes when he still has two blocks to
BUSY SEASON AHEADWith offices the chairmen of both major politicol parties located in the Marion Trust and Savings Bank building, Receiver Joe P. Benson may 100k forward to a busy season this fall. He has just had the floor coveding on the elevator replaced.
Ralph Hamlett and children, and other relatives and friends. Mrs Fred Bennett visited Saturday with Mrs. Ann Davis and Mrs. Emma Gill.
The Sunday School contest closed Sunday Ralls Grove Clauds White won the prize, which was nice Bible. He invited more visitors out than else in the race.
9.
September 13, 1934
Marion Weekly Leader
Marion, IL
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COURT APPROVES BANK LOAN
Authority Granted Marion Trust and Savings Bank Receiver to Borrow
Circuit Judge George B. White on Thursday granted authority to Joe Benson, deputy receiver for the Marion Trust and Savings Bank to secure loan of from the Reconstruction Finance Corporation for the purpose of securing funds with which to pay 10 per cent dividend to depositors of the bank. Application for the authority for the loan was filed by Benson several weeks ago following approval of the loan by the board of directors of the RFC. Notice of the application was given all persons interested given until Thursday to file objections to the pledging of the bank's as security for the loan. No objectons were filed. The date which dividend may be paid to depositors depends upon the receipt of the from the money RFC and the time the required for wrting of dividend checks, it is said.