Article Text

GAINS DELAY BANK RECEIVER (Continued from holders who have not signed were available workers today the Rock Island Savings bank building, committee The stockholders list was released after noon by Chairman Dahlen. The adjourned meeting of stockholders scheduled for morning at o'clock at the Rock Island bank building will come to order, but in view the present situation journed until later in the month. Whether it will be necessary then, of course, depends upon whether the bank to reopen under the auditor's plan. Pay Honor to Dead. At the outset of this morning's meeting, one of the most largely attended meetings ever held in the history of the city in connection with civic enterprise, there was brief memorial in tribute to MayClarence Hodson, H. Bowlby and William H. Collins, three men always in community who have been recently taken by death. Chairman Paul Dahlen asked that those present, thronged the big ball room and good portion of the mezzanine floor of the hotel, give expression to the community's debt of gratitude for the service of these men and recognition of the inspiration of their loyal efforts for those engaged in the bank campaign. Mr. Dahlen called upon Ray Wilson for brief eulogy to Mayor Hodson. Mr. Wilson recalled that when the Rock Island Bank and Trust company was organized, Mayor Hodson in his place of business posted big banner with the legend, Rock Island Bank and Trust must be opened." Men, said Mr. Wilson, are measured, not by their years, but by the fullness of their lives, and the opening of the Rock Island bank, declared, would be finer tribute and more to the liking of the mayor than any block of marble or other monument. At the suggestion of Mr. Wilson the audience stood moment of silent prayer and Rev. Vance voiced brief prayer for courage and success in an effort for the community Raymond R. Walker spoke inspiringly of the status of the campaign, showing that waivers for $350,000 more of deposits are needHe reported stockholders have signed agreements covering of the $450,000 of stock assessment, about 70 per cent. Mr. Walker tersely contrasted effects of receivership and reopening of the bank under the auditor's plan. Urges Drastic Measures. M. Sexton, declaring the campaign had been conducted with too much too much tience, and too much kindness toward those holding out, declared in favor of "giving those who won't join in this movement limited time to Mr. Sexton declared that in his 70 years of residence in Rock land he had never known of so big and effectively handled an enterprise for the community good. He asserted that he is not pessimistic some about the success of effort, but believes blunt and energetic methods. "I'd tell these obstructionists. the who stand in the way of forward movement, just what they look like to he said. "These people don't won't their do not care anything about your interests. was suggested by Mr. Sexton that may find way to stitute proceedings in court of equity to compel the same distribution to hold-outs to the 14,000 other depositors. He said he believed the auditor should order that there be no larger payment to than to others. Mr. Sexadmitted that the general view that such an order cannot be sued, but said that he had seen lot of things done which had been characterized as things. (He proposed that in any event those who do not sign should be compelled to wait 60 days under the saving account before they get any money, while of us enjoy the benefits of our 25 per Mr. Sexton's view, the outburst applause indicated, met with hearty approval of the hundreds depositors present. Chairman Dahlen for the committee asked that threats or prisals be indulged in means signatures to agreements. The committee, he said, could not be held accountable for such instances one reported threat, by phone, that depositor's home woud bombed did not sign the agreement. Mr. Dahlen urged every proper influence to obtain signatures be exerted, and that the community, by taining 100 per cent of depositors, place itself in position to demand of the authorities permission for reopening of the bank. He said it is very possible that the only chance for reopening the bank will be full 100 per cent of signers on agreements. job squarely up to after he said, "and if we establish position can demand action. Halted for Funeral. As tribute to Mayor Hodson, was ordered by Chairman Dahlen that the be closed from o'clock this and he requested that the team workers and volunteers in the final drive refrain from any solicitation this afternoon during that period. after the meeting the hotel, of the in the former Rock land Savings bank building was jammed with volunteers, seeking information as to identity of hold-