1.
February 7, 1930
The Pantagraph
Bloomington, IL
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Farm Board Will Meet Monat Capital to Conday sider Grain Surplus.
CORPORATION PLANNED federal farm board into Monday deal its first emerwheat for which market Other of rescuing wheat farmer failed cause the surplus the board consider of the authority by to organize grain Prompt steps to create the wheat committee the Farmers' National Grain tion meeting with Chairman Legge the board Chicago The would steady the price the grain buying up surplus and holding off the market, that could be in the market. Authority take this action rests entirely the farm board. Board to Be Given Plans. Legge expected return Friday lay the situation before the Whether board will take the measures provided congress be forecast. congressional farm leaders expect the formation of million stabilization few days. The million would come the 150 million dollars fund appropriated by congress. The corporation would involve government greater magnitude than tempted before in this country peace time. The board faces an important cision the first real of the Hoover farm program. Congress provided the groups, the grain stabilization crops and steady the with the farm
Bank shutdowns Illinois FriMcKilvie Making Tour. mounted five in the day How seriously the board considwhen four institutions closed. wheat shown The first shut down the conferences Chicago Schuyler State bank Pana departure of Samuel Thursday afternoon Friday instiboard, tutions Nokomis, and Rosatrip through the wheat era. mond. both near Pana. and others facilities for wheat Milford and Cornell closed their "quite according the agriculture Export demand has dropped steadily with PLANE TAKES AID. Feb. Visible of wheat in the brought amount United States on Feb. several 168,bushels nearly 40 million here bushels more the Pana National bank. two more Wheat United States keeping demand CORNELL CLOSES. and the crop the the 570 Cornell, Ill., bank will be found about the as in 1928. story on Page Farmers Are Warned. The board warned farm added bank suspensions were repeatedly reduce their the list of those that day wheat acreage in an effort closed in this vicinity in the been reduce the supply about the six level the market. the Following on the closing The lack demand, export Schuyler State here Thurscoupled from the Auditor Oscar Nelson day, federal board that had not closed the Nokomis State bank would Nokomis, and the State higher in the has resulted here, bank Rosamond, both near decline of cents bushel for Friday. No. spring wheat in Closing Is Asked. Closing of the banks situation aggrarequest of their directors vated by the grain Their the closing of with the farm here Thursday were board's policies. They claim the buted frozen assets, to government competing with pricreased values farm lands vate business.
2.
February 7, 1930
The Taylorville Daily Breeze Courier
Taylorville, IL
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Schuyler Bank at Pana and The Rosamond State Bank Close Their Doors
The Closing of the Rosamond Bank Today Is the Ninth Bank in County to Be Closed Since October 10th of Last Year.
The posting of notice on the doors of the H. N. Schuyler State Bank of Christian county to be closed since October 10th of last year. State bank examiners closed the bank at 6 o'clock last night. The posting of the order closing the oldest bank of that city, came as the completion of an examination of the books after the bank's regular closing hour at 4 o'clock. Frozen assets was given as the cause of the institution's closing. Assets and liabilities totaled $2,381,087 on December 1. The bank has many farm loans outstanding." As soon as the news of the close spread, a meeting of the business men of called by C. R. Parthe town was of the Pana National rish. president bank, in an effort to maintain confidence of the depositors to prevent a the National bank Friday. run on More than 500 men attended the meeting in the Community bouse. Mr. Parrish read a report of the bank's condition. He told depositors that they could have their money at anydeposits in time. He showed would be safe. money
No Excitement Reported When the Pana National Bank opened this morning there were a numof officers there to prevent any ber should it arise and undue excitement there were more than fifty of the influencial business men of Pana at the bank assure the depositors that they had no cause to be worried. Shortly before noon today the deposits at be larger this bank were reported than the withdrawals. Schuyler Assures Depositors H. N. Schuyler, presid of the closed institution, went down to the bank this morning and cheerfully greeted a number of people gathered |around the bank and assured them that he would personally see that the depositors did not lose at his bank.
3.
February 8, 1930
Kenosha News
Kenosha, WI
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Airplane Rushes Funds to Prevent Run on Bank
Pana, airplane, carry. ing $200,000 from the Chicago FedReserve bank, landed here Friday afternoon and the money rushed under guard to the Pana National Bank to avert run. Sheriff and duputies the money to the bank. Parrish, president the bank, said the money was sent there after slight run on the bank.
4.
February 8, 1930
Herald and Review
Decatur, IL
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ARRANGE MINERS DESPITE BANK CLOSINGS
Confident Depositors Fail to Make Run on Pana National
PLANE BRINGS CASH
PANA, Feb. nouncement Friday night that rangements had been made to meet the miners' payroll here on Feb. brought to an end what little excitement existed during the day due to the closing of the Rosamond and Nokomis State banks Friday. the Pana National bank where feared run might made during only few persons to demand their and while they drawing out funds, Pana's business men making deposits. Plane Brings Cash So certain was Parish, ident of the bank, that no could his bank closed, he did not call the Federal Reserve bank Chicago that he feared He call from however, and told that plane bearing thousand dollars had for Pana 12:10 An hour and 40 minutes later the plane roarPana, and landed in by field. Sheriff Dunbar and squad of heavily armed deputies guarded the automobile that ported the money from the plane the bank. When sibility that National bank would close its shifted back to the the H. Schuyler State bank's closing. Although Schuyler, who 86 years declared that every depositor would receive his full deposit, there others close to the bank's fairs who optimistic. One them said that efforts had been made the last weeks to straighten out the tangle, but the they able to raise did money not meet requirements. Schuyler Teaviest Owner Of the 2,000 shares stock in bank, Mr. Schuyler the owner 1,805, stockholders owning from five 30 shares. The bank's failure paralelled (Continued on Page
5.
March 29, 1930
The St. Louis Star and Times
St. Louis, MO
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UNION-EASTON CLOSES DOORS
Directors Blame Detrimental Rumors Which Caused Heavy Withdrawals.
Continued from Page loans into the bank assets." Norris reported Cantley that he had heard no rumors of run on the bank unusual withdrawals. Officers of the bank are: Arthur president: Oliver vice president treasurer: William vice president; George secretary, and Moore. assistant of Directors. Directors Louis Becker, Arthur Blase, Blase, H. W. Felter, George Hanke, William Hendrickson, William KoeneMoberly Spring Arthur Blase an Moore member the state and Becker of internal The bank founded 1924 and has sixteen employes in addition the officers. This said: trust has been placed in the hands of the commissioner of finance for the protection of order of the Board of Dicertors. The bank's client includes large number of small wage maintained hours for the working man, remaining open one night week to receive Its Club and real by home owners the northindustrial district. State Bank Examiner B. Norris placed in active charge last indication of any irregularity has been found. Norris the that might be reorganized and reopened.
Sends for Emergency Funds. PANA. March ready cash all but depleted by heavy the suicide of Arnold Johnson, old executive, Pana National Bank has Chicago for emer gency funds. Johnson's suicide attributed financial troubles. officers the bank stated his death had connection institution's matters. president, said the bank is solvent.
6.
March 29, 1930
The Edwardsville Intelligencer
Edwardsville, IL
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Institution Suspends Business After Official Is Found Dead in Home.
Pana. III., Mar. examIners scruntinized books of the Pana National Bank today result of that institutions suspending business yesterday when depositors' ced directors to call halt on
The iun the alleged of John-on, second president. He was found dead In the pasement of his home here yesterday from the effects of double charge from shotgun. Johnson, cording to and bank dircehad been despondent because of health. Despite the bank's suspension rectors declare it Is in sound condition and will reopen. This is the ond run on the Pana National Bank this year. On February met mands ot depositors with the aid of several hundred thousand dollars rushed horo from Chicago by plane. The temporary closing of the Pana National Bank leaves this city without financial clearing house. The Schuylet State Bank closed last month. ten banks have been closed in this region in the last twelve months. Practically all suspensions been due to depletion of cash caused by loans on decreased farm values.
7.
March 29, 1930
Daily Republican-Register
Mount Carmel, IL
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BANK CLOSED RUN MADE BY DEPOSITORS
Say It is Sound and Will Open For Business Again.
March scrutinized books of Pana National bank today of that pending yesterday when run forced directors call halt on The the alleged suicide of second He was found dead the basement of home here yesterday from the effects of double charge from shotgun. his wife directors, had been desponill Despite the bank's directors in sound condition and will This the second run on the Pana National bank this year On Febmet of positors with the aid of several hundred dollars rushed here from Chicago by airplane.
8.
March 29, 1930
The Muscatine Journal
Muscatine, IA
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Suicide of Bank Official Cause Failure of Bank
Pana. III., March national bank examiner arrived here today to begin work at once on examination the accounts, assets and condition the Pana National bank which was closed today following heavy run yesterday. brought about part by the suicide of Arnold Johnson. second vice president and one of heaviest stockholders President Parrish and Cashier John A. Werner said today they had no statement to make at this time except that the depositors simply "gutted the bank" Friday afternoon following death of Johnson. Members of Johnson's family accredited his to despondency over ill health.
9.
March 29, 1930
Decatur Herald
Decatur, IL
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FAIL OPEN SATURDAY FOLLOWING RUN
Future of Institution Will Not Be Determined Until Monday
HOLD JOHNSON INQUEST
PANA, March bank examiners were closeted with officials of the Pana National bank Saturday morning. The bank failed to re-open Saturday morning after a heavy run had been made on it by depositors Friday. The withdrawals heightened news of the suicide of Johnsecond vice president and heavy stockholder the bank. Officials Silent The decision of directors to remain closed Saturday was announced Friday evening by Parrish, president of the bank. None of the officers of the bank nor the would make any statement regardthe future of the bank Saturday morning. It was indicated that statement would be issued Monday. The decision to remain came directors meeting after the close business at o'clock. Miners Cash Checks The run began the news of the death of Mr. Johnson spread, and continued throughout the afternoon. number of targe depositors reported to have withdrawn their accounts. In addition, miners who received theri checks from the Penwell Coal Mining made heavy drain on the bank supply of cash. At the close business Friday about lined before the bank's windows. manner when Senator Guy Smith, attorney for the bank, told them the bank out of money and could not pay any more checks. Senator Smith said that the bank was solvent and would open for business the next day. The decision to remain closed came later.
Pana Without A Bank at the time of the failure of the H. Schuyler State bank here on Feb. were greatiy instrumental in exhaustion of the bank's resources. At that time was sent by airplane from Chicago to the National bank, but the was returned later. Pana money left without bank. now The Schuyler bank with assets of closed because of $2,000,000 was The institution is now frozen assets. in process of re-organization. Dehave agreed to waiver positors their deposits that the half of bank may re-open. Ninth County The National bank the ninth inbe closed in Christian stitution to since Oct. 10, 1929. Other county closed during this period were State bank, Oct. 10: Colegrove bank, Oct. 11; Citizens Bulpitt State bank, Oct. TurState State bank, Oct. National bank, Oct. Taylorville National bank, Taylorville, Oct. First H. N. Schuyler State Feb. 6; Rosamond State Pana, verdict of suicide was returned morning by coroner's Saturday which conducted an inquest jury the of Johnson. Funbody eral will be conducted in the home Sunday afternoon at o'clock Rev. H. H. Wintermeyer, pastor by the German Evangelical Lutheran Burial will be in Linwood church. cemetery.
10.
March 29, 1930
JG-TC: Journal Gazette and Times-Courier
Mattoon, IL
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PANA'S ONLY
Pana National Closes After Due to
News Pana, March Pana National Bank, Pana's only financial institution, failto open for business today, following run on the instituyesterday. National bank examiners have been requested take charge of the instituuntil their audit is completed the bank will remain closed, officials announced. The on the bank was suicide Arnold Johnson, year old second vice president. large number of depositors of the bank as well as miners of the Penwell Coal and Mining Compresenting pay checks and in instances withdrawal slips, were hand in the bank when the closing announcement was made at four o'clock Friday afternoon. Until four the regular closing the bank, all withdrawals had Most of the desire the depositors to make withdrawattributed to the news Johnsuicide, which rapidly spread through the city, causing run. Offifeeling of uneasiness began February last with the closing of the Schuyler State Bank State Auditor Nelson. who ordered examinaand adjustment of that institution's affairs. The Pana National Bank withstood run on its depository at that time, money having been brought from Chicago by airplane. Johnson's wife, Mrs. Tillie Johnson, at home when Johnson killed himself in the basement of the house. About an hour earlier Johnson visited his owned by himself and grocery, William Heilers, At time Johnson apparently was in spirits, said. Members Johnson family attribute the suicide to poor health and stated that Johnson's financial affairs in good condition. Johnson had been resident of Pana for twentyand was highly regarded business circles.
11.
March 29, 1930
The Taylorville Daily Breeze Courier
Taylorville, IL
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Suicide of Officer Friday Afternoon Causes Heavy Run on this Institution
Uncalled for Run During the Afternoon Causes Funds of Bank to Become Exhausted and Directors Decide to Leave Bank Closed. Pana Now Without a Bank.
Chaliapin Ill
The Pana National bank did not open for business this morning. The suicide of A. J. Johnson, second vice president Friday noon, precipitated a Leavy run on the institution, which the bank was unable to withstand only until closing time. The decision to remain closed came a' a directors' meeting after the close of business at 4 'clock yesterday. National bank examiners were notified and a check of the bank's eondition will be started at once. The bank apparently is solvent, it is said.
Miners Cash Checks The run began as soon as the news of the death of Mr. Johnson spread and continued throughout the afternoon. A number of large depositors are reported to have withdrawn their accounts. In addition, miners who received their checks from the Penwell Coal & Mining company made & Heavy drain on the bank's supply of cosh. At the close of business Friday aftrnoon about 25 customers were still lined up before the bank's windows. They left in an orderly manner when Senator Guy L. Smith, attorney for the bank, told them the bank was out of money and could not pay any more checks. Senator Smith said that the bank was solvent and would be open for business the next day. The decision to remain closed came later. In a telephone conversation with Senator Smith this morning he stated that the run on the bank there late yesterday put their business in a paralyzed condition and the scare was all uncalled for as Mr. Johnson only had 17 shares in the bank and he is said to be worth at least $250,000.
Pana Without a Bank Withdrawals at the time of the failure of the H. N. Schuyler State bank of that city on February 6, were greatly instrumental in the exhaustion of the bank's resources, At that time $250,000 was sent by airplane from Chicago to the National bank, but the money was returned later. Pana is now left without a bank. The Schuyler bank with assets of $2,000,000, was closed because of frozen assets. The institution is now in process of reorganization. Depositors have agreed to waiver one half of their deposits so that the bank may reopen.
Ninth in County The National bank is the ninth institution to be closed Christian county since Oct. 10, 1929, Other banks closed during this period were the Colegrove State bank, Oct. 10; Bulpitt State bank, Oct. 11; Citizens State hank, Edinburg, Oct. 17; Turncr State bank, Edinburg, Oct. 18; Taylorville National bank, Oct. 18; First National bank, Oct. 18; N. Schuyler State bank, Pana, Feb. 6; Rosamond State bank, Feb. 7.
Plan New Bank It was understood from very reliable sources this morning that a definite plan has already been inaugurated in Pana for the organization of new bank there at the earliest possible convenience. A waiver of 50 por cent of the deposits of the Schuyler bank was recently voted and it hoped that plans can be made to merge the assets of the two organizations into a new bank.
12.
March 29, 1930
The Oakland Post Enquirer
Oakland, CA
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Suicide Starts Run On Illinois Bank
PANA, III., March 29 Its ready cash all but depleted by heavy withdrawals following suicide of Arnold Johns. 55-year-old executive, the Pana National bank today was to open its doors and trust that emergency money from Chicago will arrive in time. Johnson. heavy stockholder. shot himself through the head in the basement of his home.
13.
March 30, 1930
Chicago Tribune
Chicago, IL
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PANA NATIONAL BANK FAILS TO OPEN AS HOPED
Pana, III., March the first time in more than seventy years, Pana is without banking facilities. The Pana National bank, closed at o'clock Friday afternoon, following heavy run by depositors, failed to open its despite an ment late Friday by Guy Smith, counsel for the bank. that it would be open today with ample funds to meet all requirements Smith made his anto 100 many of them miners, after the institution had closed Posted on the door of the bank today was a reading: Owing to the tragic death of A. J. Johnson, vice president. this bank has been placed in the hands of bank for examination and adjustPresident C. B. Parrish and Cashier John A. said they had no statement to make for publication, except that the bank had by the run Friday. The examiner in charge declined to be interviewed by It was that a complete of the bank would require about three thile people of for the ing of the bank within thirty days. offers of assistance in the present were today from St. Louis, Chicago, and Indianapolis houses.
Another Bank Closed.
The bank of Bowen closed today by order of the board of of the ficers stated there would be no loss to ositors. The to taled 1920 and its last posits of George Pearce president and W C. Roland cashier
14.
March 30, 1930
The Pantagraph
Bloomington, IL
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Pana Without Banking Facilities Thru Failure
March first time than Pana is without banking cilities. The Pana National closed Saturday following run depositors, failed open doors. despite Saturday that there were ample funds to meet all Posted on the door of the bank today was notice "Owing to the tragic death of president, bank has been placed the hands national bank examiner for examination and number depositors appeared the bank Saturday mornand throughout the Many farmers who had not heard that the bank had closed: there and little comment.
15.
March 30, 1930
The Daily Illini
Urbana, IL
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Flashes of Late
BANKS CLOSED; CITY WITHOUT FUNDS
Mar. 29-For the first time than years, Pana is withbanking facilities. The Pana National bank, closed Friday afternoon, following run by depositors, failed doors, despite announcelate Friday that had ample meet all requirements. Business in Pana, which quiet, proceeded today, but merchants were handicapped for money to cash checks and change.
Marooned FRANCISCO, Mar chaperoned UniCalifornia co-eds and an number of men students, spend the night on the south of here by fog which mishaps to two ocean returned gaily from their today aboard the launch
Return Suicide Verdict Mar. verdict returned today in the Forbeck, near here, whose body found hanging from rafter in
Fears Gang, Suicide ROCKFORD, Mar. terror death the hand of gangsters, Bellone, 45, father nine chilswallowed poison yesterday today. He left note tellfear of but he named denied any him.
Polish Government Changed Mar. two difficult negotiations and feeling between the supporters of Marshal Pilsudski, "strong Polish government formed tonight by Slawek, succeeding the which resigned
Ratify Young Plan French chamber of deputies, answering appeal by Premier Andre tonight ratified the Young vote of 530 to
Oppose "Star Spangled Banner" Mar. Music Supervisors National conference resolution today protesting bill by Congress making Spangled Banner" the naanthem of the United States.
Charges Fraud Mar. 29 John Murphy. assistant state's attorney. charged that Cook county has defrauded of from $150,000 of court clerks scheme to pad
Entombed by Blast reported entombed, gas explosion, late mine near here belonging Pioneer Coal company. Dethe blast were meager, and reports said the men cut No bodies had
Duel Over Man Mex., Mar. between women man within three early this morncabaret pistols under street lonely suburb. The duel womens' affair. Each young woman friend duel became when seconds jumped fray with knives. All wounded before policeending the battle and
16.
March 30, 1930
Omaha World-Herald
Omaha, NE
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Depositors Strip Bank as Official Kills
Pana. III., March tional bank examiner arrived here today begin work once amining of condition the Pana National bank, was closed today lowing run brought about by suicide Arnold Johnson, second vice president one of the heaviest stockholders. President D. Parrish and Cash John Werner said today they had no statement make this time except that the depositors simply the bank' Friday afternoon following the death Johnson. Members of Johnson's family credited his act to despondency over ill health.
17.
April 4, 1930
Alton Evening Telegraph
Alton, IL
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"Finger at Piasa This Evening "Finger Prints" three act will be this evening the City Plasa. The play be given by pupils of the Lancaster School Expression.
Appoint Pana Bank Receiver PANA. April Martin of Macomb. today was appointed receiver for the Pana tional which closed its doors March 28, after heavy run the depositors brought about suicide Arnold Johnson, vicepresident.
18.
April 4, 1930
Waukegan News-Sun
Waukegan, IL
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DEATHS
Albert Clarke The remains of Albert Clarke will lie state at the White and Tobin funeral home until time of the funeral service which will be Saturday at p. m. from the Christ church chapel. Rev. H. Ganster will officiate Interment will be made later at Kansas City, Mo.
Jay Eddy The body of Jay Eddy will lie in state at the White and Tobin funeral home until time of service which will be Saturday at 10:30 m. Rev. W. Chidester. pastor the Presbyterian church will officiate Interment will be at Oakwood cemetery.
Mrs. Katherina Beckman Funeral services for Mrs. Katherina Beckman were held this morning at 10 o'clock from the St. Joseph church. Interment was made at the St. Mary's cemetery.
Mary Orr Wilson Funeral services for Mary Orr Wilson, beloved wife of Thomas Wilson, of 29 Washington circle, Lake Forest, will be held Saturday at 2:30 p. m. from the home. Interment will be in the Lake Forest cemetery.
Mrs. Louise Brown Mrs. Louise Brown, colored, of 220 Belvidere street passed away at her home this morning. She was 70 years of age A daughter, Mrs. Viola Payne of the same address and one son, John H. Payne. Funeral arrangements will be announced later.
DIES AT PRAYER KETTLE ISLAND, Ky., April H. Engle, coal miner on week days and Baptist preacher on Sundays, died kneeling in prayer after the terrific explosion in the Pioneer Coal company mine here last Saturday that killed 16 men. One the rescue workers who helped bring out the bodies told today of how Engle had been found, dead from the volume of poisonous gas that followed the blast Engle regularly condueted services on Sunday among his fellow workers in this little mine community.
NAME BANK RECEIVER PANA Ill., Apr. Martin of Macomb, Ill., today was appointed receiver for the Pana National bank which closed its doors March 28, after heavy run by the depositors brought about by the suicide of Arnold J. Johnson, vice president.
12 MINERS KILLED BRUSSELS. Belgium, April (UP)-Twelve miners were burned death and 9 seriously injured today by an explosion of firedamp in the Elouges mines, near Mons.
19.
April 4, 1930
Belleville Daily Advocate
Belleville, IL
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BANK RECEIVER NAMED PANA, ILL., April T. Martin of Macomb. III., today was appointed receiver for the Pana National Bank which closed its doors March 28, after a heavy run by the depositors brought about by the suicide of Arnold J. Johnson, vice president.
20.
April 4, 1930
The Taylorville Daily Breeze Courier
Taylorville, IL
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NAME RECEIVER FOR PANA BANK
Pana, III., April 4. (A.P.)-E. T. Martin of Macomb, III., today was appointed receiver for the Pana National Bank, which closed its doors March 28, after a heavy run by depositors, brought about by the suicide of Arnold J. Johnson. vice president.
21.
April 5, 1930
The Pantagraph
Bloomington, IL
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Lenninger Again Wins Model Plane Trophy John Lenninger, member of The Pantagraph Model Airplane club, the silver trophy cup again at the Friday night meeting. He not only everyone else the M. gym but bettered his last week's floor mark by seven points, making flight of 85 seconds. Ralph Leubbers made the next best record when his small plane flew 62 secSeveral af the boys tried their luck with letting them take off from the balcony of the gym. R. N. Fletcher, boys' secretary of the Y. M. C. A., was in charge.
Pana Receiver Named
Martin of Macomb, III., Friday was appointed receiver for the Pana National bank which closed its doors March 28, after heavy run by the about the suicide of Arnold J. Johnson, vice president.
22.
April 5, 1930
JG-TC: Journal Gazette and Times-Courier
Mattoon, IL
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RECEIVER APPOINTED FOR CLOSED PANA BANK
Pana, III., April 5.-E. T. Martin of Macomb has been appointed receiver for the Pana National Bank. "The bank will be given the usual opportunity to reorganize, in accordance with national bank laws," Mr. Martin said. W. A. Cutler, national bank examiner, who has been making an audit. turned the bank over to the receiver Friday. The bank closed its doors on March 28, after a heavy run brought on by the suicide of Arnold Johnson, vice-president, and a heavy stockholder.
KD-1 with Engineer Swanson displacing Syl Roy. Fireman Hicks is off duty on account of the illness of his wife. Charles Thornton, engine wiper, is off duty on account of the illness of his mother. Three men have been cut off the Mattoon firemen's extra board, the men losing out being Harry Prentice, Roy Cheever and Charles Bulla. Brakeman F. O. Crume has been assigned to the Mattoon extra board. Brakeman Welch has reported for service on the transfer job. The Livingston mine run has been discontinued for the present. Brakeman Dalton is off duty because of the illness of his mother Brakeman R. F. Guinee has reported for service on the Mattoon extra board. Brakeman P. G. Cox is off duty on account of illness. Brakeman Welch has reported for work after being relieved to attend the division safety meeting. Brakeman Dailey has been assigned to the head end of OS-1 and NY-6 with Conductor O. Hill. Brakeman L. C. Knight is off duty on account of illness.
23.
October 22, 1930
St. Louis Globe-Democrat
St. Louis, MO
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PANA BANK RECEIVER TO PAY DIVIDEND
PANA, ILL, October 21.-Receiver A. E. Martin of the Pana National Bank tonight that he had accumulated sufficient assets for the payment of the first 25 dividend and that checks made out in form and mailed within sixty days to those who proved their claims. took charge the bank few after it suspended and taken by the troller of currency March 28 last, following a run by depositors.