5264. Saybrook Bank (Saybrook, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 15, 1933
Location
Saybrook, Illinois (40.427, -88.526)

Metadata

Model
gpt-5-mini
Short Digest
354b2be1

Response Measures

None

Description

Articles (Dec 1933) report the Saybrook Bank is closed and under a receiver; depositors petitioned to remove the receiver and recover receivership costs. No explicit contemporaneous run is described. Therefore this is a suspension leading to permanent closure/receivership.

Events (2)

1. December 15, 1933 Suspension
Cause
Government Action
Cause Details
Bank is under receivership; depositors report bank closed and no depositors paid, petitioning state auditor to remove receiver and restore receivership costs to assets.
Newspaper Excerpt
Miss Lillie C. Collins, a depositor, is seeking the signatures of more than 150 other depositors of the Saybrook bank to support her complaint the state banking department concerning the administration of the bank's receivership.
Source
newspapers
2. December 29, 1933 Receivership
Newspaper Excerpt
depositors of the Saybrook bank signed petition to the state auditor ... seeking the removal the present receiver and asking the return of the costs of the receivership, extending over period of two years, into the assets of the bank. ... she had her life savings, $2,100, in the bank and no depositors' have been paid.
Source
newspapers

Newspaper Articles (4)

Article from Gibson City Courier, March 23, 1933

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Article Text

the town Friday afternoon, which time ticket was named with M. Sutton as president, and Chas. Winn, M. Ring and H. Stine as members of the board. Mr. Sutton mayor at the present time, but refused accept the nomination. Several were approached for mayor, but no one care for the job. Late Tuesday afternoon Dr. Cline relentlong enough have his name placed the ballot as president of the board. This thing of having to argue with men get them run the lage ticket Saybrook perience. When the Saybrook Bank trying control every penny the village, Schureman always had ticket ready (in fact, was candidate every opportunity himself). And how he did dictate to how the town was to be run. Someone the bank was usually selected village treasurer, and that was the when the bank closed, Mr. Chethe president of the bank, holdthat informthat the village money that Mr. Cheney handled, and the funct bank which president, has never been repaid the lage. see, Mr. Schureman and Francis LaTeer, cashier of the funct bank, are Mr. Cheney's bondsmen, apparen. that the lage money will not be available someone starts suit to make these come across. Anyway nicely arranged to have brother ficers of defunct bank as your bondsmen like this. took about fifty for all years our people wake up to what Schureman and his doing to gang folks, we'll make guess that everyone connected will be made to pay before the matter cleared


Article from The Pantagraph, August 22, 1933

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Article Text

Suit on Note Asks Naming of Receiver bill to foreclose and appoint receiver concerning $15,000 promissory note was filed circuit court Tuesday by Fred Wasman. Minnie Folson, Max Kehr. Mabel Frances low, Emma B. Nelson. Gussie Balz. Alice Hartson, Etta B. Haase and Marie Mueller against Alma. Albert and Florence the Corn Belt bank. Thomas Freed who the Saybrook bank Charles Maurice H. Crosbie, John M. Pheme Intyre and Stanley Pruitt.


Article from Ford County Press, December 15, 1933

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Article Text

Was No Asset J. C. Lange, of Wonewoc, Wis., sends in an account of what is supposed to have happened when government appraiser visited a farm in order to list all the property and put a valuation on it. The appraiser had a little book of instructions telling how to estimate on all the different classes of animals and articles. Finally he something which failed to register in any of the classes covered, although he thought the thing was a goat. So he sent to Washington for special instructions. He wrote: "Have found animal with a forIorn face, a long beard, a skinny body and a bare rump. What is its name and what valuation shall I set upon it"? A few hours later he received this reply from headquarters: "The animal you describe is farmer and has no value. finder. SAYBROOK.-Miss Lillie C. Collins, a depositor, is seeking the signatures. of more than 150 other depositors of the Saybrook bank to support her cent complaint the state banking department concerning the administration of the bank's receivership. The petition sets forth the grounds for dissatisfaction with the present receiver and demands that the costs of the receivership be returned into the assets of the bank. It is addressed to the state auditór. Near the $2,000,000 Mark Revenue derived by the state from the Malt and Vinous beverage control law was almost at the $2,000,000 mark, it has been announced by the Finance Departmnt. Railroad Sends Big Check The Illinois Central Railroad has paid to State Treasurer John C. Martin the sum of $811,590.98 as its semi-annual payment to the State under its charter for the period ending Oct. 81. The previous semiannual payment was only $682,484.39. Pneumonia on the Increase Announcing that pneumonia prevalence in Illinois is now almost exactly twice as great as it was a month ago, with approximately 300 new cases occurring weekly, Dr. Frank J. Jirka, State health director, points to this fact as indicating that the shift from hot to cold weather health problems is now almost complete in the State.


Article from The Fairbury Blade, December 29, 1933

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Article Text

Interesting Items From Around Home Last Sunday the handsome new Mennonite church Waldo township northeast of Gridley was formally dedicated. The edifice replaces the one burned the last week in August and cost $8,000. The main building by 56 feet with basement under the entire building. The auditorium by 40 feet with two wings for Sunday school junior and intermediate departments. The mothers' room, cloak and rest rooms are located in the basement The building commitwas Joseph Orendorff, Jacob Dellenbach, D. Augsburger, S. Albrecht and William Schertz. Rev. D. Hartzler is the pastor. El Paso Journal. An inspector from the state fire marshal's office came to town weeks ago and informed Mayor Siemer that he was here to make thorough of conditions. This did. The report now back Mayor Siemer who made public the Colfax Business Men's club meeting last Tuesday evening. we city do not stand very high and unless tions are complied with pronto, will "feel it" in an of surance rates up 55 per cent. Colfax Press. depositors of the Saybrook bank signed petition to the state auditor, Edward J. Barrett, seeking the removal the present receiver and asking the return of the costs of the receivership, extending over period of two years, into the assets of the bank. The petition sponsored by Miss Lillie C. Collins, who declares she had her life savings, $2,100, in the bank and no depositors' have been paid. asserted in the petition that the courts have forced return of receivership costs where they have been shown be excessive, although they covered legal expentiures. The petition addressed to the state auditor after enumerating four against the receiver concludes with request: "Therefore, we demand that the present receiver of the Saybrook bank be removed immeditaely, and that he ordered to return into the assets of the bank the total costs of the receivership to date, aggregating $11,000, as being exorbitant and confiscatory charges, wantonly violating social not legal statutes. statement of the bank receiver, Freed, published as of September 30, carried several items which the petitioners object to. Among these were receiver's salary, $2,606.60; receivci's expense, $461.07; attorney's fees $1,710; legal expense, $151.90; clerk and stenographers hire, $1,147.50; miscellaneous expense (administrative), pense Known on the screen as Baroness Fern Andra von Weicks, name acquired by marriage when she was movie queen of Germany, and remembered in Watseka where her childhood was spent as Fern Andrews, Mrs. Ian Keith has filed suit in Los Angeles, Calif., for separate maintenance against her screen star husband, whose real name is McCauley Ross. She alleges that Keith deserted her November 23, and asks reasonable sum for her support, attorney's fees and court costs, saying that her husband earns around $20,000 year. -Watseka Times. Although his auto was badly damaged in the front end and turned pletely around in collision with limited Alton train at Towanda last Friday afternoon about two o'clock, James Donahoe, of ton, escaped injury. his sion was obstructed at the Mr. Donahoe could not stop in time and his car crashed into the second coach. The impact tore off the front wheels and radiator the car and mashed the fenders. The car itself was whirled around and landed upright between the double tracks. The Century of Progress Chicago has closed until next summer; and the "lost and found" some 3,000 articles left in its possession. Among these are gloves, umbrellas, cameras, coats, shoes, hats, etc. The department has given them all to the Salvation Army for distribution among the poor the city. Miss Murray, who charge of the department, says that among the odd things left in her care fifteen sets of false teeth, of whisky and a glass eye. She might drink the whisky and gnash the teech but we can't advise about the glass Leader. The Phil Patnaude farm home near Watseka was the scene of considerable excitement night recently, when one of their horses went crazy. broke through three wire fences and ran into the house. jumpcd the porch and broke the floor. Another lunge took through window into the house. The animal then turned and ran into the yard where fell dead. number farmers around Watseka have been losing horses recently, and one theory that it caused by the animals eating stalks. They are advised to feed the horses little each morning and night and to give them plenty salt when they are running in the stalk fields. Central Illinois Public Service men have finished removing bulbs from every other street light in the village under orders from the village board reduce the electric light bill. Chatsworth was one of the best lighted towns along Route between Peoria and the state line before the slaughter. Now there are dark and uninviting places after nightfall and people have just cause for complaint. The village has been paying $193.37 per month for street lighting, $20.38 per light, $2,320.44 per year. They will pay $105.47, saving $87.90 per month. There were 113 lights, 50 were discontinued, leaving at present. Chatsworth Plaindealer. Albert Jacobs, one and half year old son of Mr. and Mrs. Hans Jacobs, was badly scalded on his abdomen and thighs Tuesday when he loosened plug in washing Journal. During the warm spring rain last Friday was on the sidewalk in the 300 block North Melvin street, leisurely and meditatively journeying towards the south. That same the same worm easily identified by his friendly countenance, was seen in front of the Lutheran church, over two blocks south, where he had paused to cast contemplative eye that religious ifice. No further reports of his travels have come The Courier, but hoped reached warmer clime before the freeze of last City Courier Louis Kereszturi, who has been making his home with the Carl Strubhar family near Melvin since April when he injured one of his legs while attempting to alight from moving freight train, recently received word from the Hungarian consul America that considerable properhad been left to him by his parents, who were former residents that country. Louis, who visited the Hungarian vice-consul Chicago, was furnished with an inventory his parents' estate, of which he is the sole heir. Louis is making arrangements to leave for Hungary in near future to visit the town of Voyovo, which but hundred and fifty miles from Budapest. His property consists of 20-acre farm, which quite large tract in that country, 10,000 which equal $2,840.64 in American money. The lad, who was born in America, and who was six years of age when his parents died, became charge Illinois Children's Home and Aid Society Chicago. He hopes to leave the first part of January for Hungary. Talbot, of Long Point, died last Saturday morning at St. Mary's hospital in Streator, having suffered injuries when his oil truck, damaged in collision with fence post, overturned and pitched into the ditch. The accident occurred mile west of Long Point. A short time preceding he had driven into the barnyard at the Art Leutnan farm to make delivery. His truck hit post, damaging the front wheel. The truck was still capable of under its own power and Talbot started home. Apparently drove too fast and the damaged wheel buckled, causing the truck to overturn several times. He was born March 24, 1881, at Dana, the son of Daniel and Sarah Talbot. On March 1915, he married Grace Outram. are his widow and children, Marjorie, Ralph and Ray, all at home. Brown, of Cullom, and Miss Zillah Jump, Bloomington, wele married last Friday evening at the home of her brother in For the last six years she has been teaching at Piper City. The groom attended the schools of Cullom. He employed as salesman for an oil After short wedding trip company. the couple will be at home to friends in Cullom. Fred Immke, farmer residing southwest of Saunemin, was badly cut and bruised about five o'clock last Friday evening when the Ford automobile in which he was riding, was struck by Packard car at the intera section of Routes 116 and 47, just west of Saunemin. The Packard traveling northwest, struck Immke's car drove it west from Saunemin. Both left the pavement and went into the ditch, coming stop against telephone pole. Immke badly cut by flying glass and bruised about the body. The car which collided with the Immke car was large Packard, the property of H. Eickelkraup, an Ottawa contractor. No the Packard was injured. family which startabout milking time last evening on the farm east of resulted morning in the fatal shooting George Koepke, 48, by his wife, Stella, saved herself from assault with butcher knife. Death was due wound in the abdomen, single bulfired by Mrs. Koepke passthrough his body and punctured the intestine seven places. Her to State's Attorney Jesse Willis and Sheriff James Reeder, McLean county, was that Mr. Koepke was drinking Saturday evening and was necessary to summon neighbor boys to quiet him. At about Sunday, she said, while the breakfast table became violent again and drove her into the bedroom, threatening her with butcher knife. She said she obtained 32-calibre pistol from the canopy of nearby folding bed and fired shot. After the shooting, Mis. Koepke went to nearest neighbor's home to summon doctor the sheriff. Before his death Mr. Koepke was questioned at the hospital by authorities. He acknowledged had been drinking but said he did threaten his wife with knife and that she "blazed away' with the revolver without warning him. Mrs. Koepke was exonerated from any blame by coroner's jury, who that she be not held to the action of the grand jury. MELVIN 12, STATE SPELLING CHAMPION Bobby Thompson, aged 12, of Melvin, champion speller of Ford county, now state champion, winning distinction at Springfield on Tuesday when he defeated 58 others from many counties. Second place went James Wilson, of Canton, also 12 years third place to Wilma Davis, Clark county, with George Rhoades, Piatt county, fourth. The finalists, Thempson and Wilson, each spelled 245 words with the champion missing eight and the runnerup nine. Of the 50 contestants were girls. A gold medal is awardthe champion, silver medal to second place winner, bronze medal to third place, while fourth, fifth, sixth, seventh and eighth places ceive honorable mention. "Jawbreaker" and "trick" words mowed down all but nine contestants the first of the contest held high under the auspices of the State Teachers' association The nine who missed the fewest words for final honors and the right to participate in the na tional contest for state winners. The new missed only two the first 150 words, and the next highest missed three. Crouch, of Texas. brother, Robert Caughey, lives at Forrest. The funeral was held at the Methodist church at Chatsworth yesterday afternoon at o'clock. The Rev. Warlock officiated and burial was Forrest cemetery.