1.
October 18, 1929
The Taylorville Daily Breeze Courier
Taylorville, IL
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Best Interests of Depositors Given as Reason for Closing 2 Local, and Edinburg Banks
Directors of First National, Taylorville National and Turner State Banks Decide to Close Doors to Protect Their Depositors From Heavy Runs Being Made Upon Them as a Result of the Failure of the Colegrove State Bank Last Week
A financial situation never before equalled in Christian county has been brought about by the failure of the Colegrove State Bank one week ago today. A sudden fear on the part of the depositors of the Bulpitt State Bank and the Citizens State Bank of Edinburg, correspondents of the Colegrove Bank, caused a run on these banks that necessitated the elosing of their doors. This situation alarmed the depositors of the First National and the Taylorville National Banks caus* ting a run on them yesterday that the directors of the two banks felt would eventually threaten the safety of their depositors if they continued to remain open and they closed their doors this morning until this chaotic situation can be cleared up. The directors of the banks called for the national bank examiners to come and audit their books preparatory to the complete reorganization as soon as the conditions warrant. The Farmers National Bank was the only bank in the city to remain open and a large number of their depositors drew their money from the bank today but J. A. Adams, president of the bank. stated there was no cause for worry with them as they have a sufficient amount on hand to pay off all their depositors if necessary. Oscar Nelson, state auditor, is in the city today working in connection with the affairs of the Colegrove State Bank, and he stated that the people should not get unduly excited about these conditions as they can be adjusted much more readily if the depositors will remain orderly and not get nervous. When some of the depositors of the Farmers National Bank were cheerfulty given their money this morning became reassured and put their money back into the bank. Clifford Stokes, eashier of the First National Bank, and Troy Long president of the Taylorville National bank, had no statement to make except that the lack of confidence on the part of many depositors and their withdrawal of deposits had brought on a condition that might eventually jeopardize the security of the other depositors and they deemed it best to close their doors. The directors of the Turner State Bank of Edinburg took similar action and their doors were also closed this morning and State Auditor Nelson notified.
2.
October 19, 1929
The Plain Dealer
Cleveland, OH
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PLANE BRINGS $500,000, ENDING RUN ON BANK
(Chicago Tribune Press Service) arrival of three Federal Reserve Bank officers in government airplane at 1:45 this afternoon with $500,000 in abruptly halted an all-day run on the Farmers National Bank here after five other Christian County banks closed their doors within week. this morning, when the Farmers National opened its doors, line gathered and withdrawals began. At noon 250 persons were in the line and hysterical men and women fought for positions near the cashier's window. Realizing that at the rapid rate of withdrawals. the available currency soon would be withdrawn. Adams, president of the bank, appealed to Federal Reserve officers. The airplane bringing the money landed here one hour and 50 minutes after the call for help was received in Chicago. squad of deputy sheriffs, and three automobiles escorted the money to the bank.
Depositors who were in the line were shoved aside with shotguns the guards entered the bank, the two gunnysacks containing the currency thrown over their shoulders. With the entry of the guards and money, the waiting line melted away. The First National Bank and Taylorville National Bank and the Turner State Bank Edinburg failed to open today. Colegrove State Bank Taylorville closed the State Bank Bulpitt the State Bank Edinburg closed
3.
October 19, 1929
Finger Lakes Times
Geneva, NY
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MONEY RUN on the which Oct. made out to member the sky money syndicate sent last month bags bring faith said he did not know panic stricken town and stave off from bank which almost cerwhere he serving tainly empty tence for carrying concealed vaults the only bank which repons mained open. One official asserted that The drone of an airplane motor though Capone check was signal that day slender link potential possisaved and that the line of 250 bilities revealing the ramificapositors the Farmers tions the syndicate's operations tional Bank need have no fears of were such that, getting their money Almost would things open. like magic the line faded away and Federal authorities professed another redepossible connection positing the money they earlier had gangsters and withdrawn. the syndicate Relief rushed by airplane to last June Willard the Farmers Bank by Chicago FedElliott, president the officials they bart Trust Company of Passale, learned that Taylorville's other when Elliott after three banks had been closed. days he could not explain Today bank were scanbut described his abduning the books of the three closed "Chicago gangsters banks banks in three others in of the Unitnearby Thus "frozen States office attorney's sets' have been unofficially blamed Trenon went to Passaic today for the shutdowns investigate possibility that The banks that have been closed liott had been held in connection John Colegrove Com- with efforts force financial aid bank; the Taylorville from his bank for the smuggling National Bank and First National Bank, all of the Citizens State Bank and the TurnFire Destroys State Banks, of Edinburg. the State Bank of Bulpitt.
4.
October 19, 1929
Alton Evening Telegraph
Alton, IL
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Planes Rush Cash To Taylorville To Stop Bank Run
Confidence Renews As Money Arrives From Federal Reserve
Out of the sky yesterday dropped money bags to bring renewed faith to a panic stricken town and stave off a bank run which would almost certainly have resulted in empty vaults nt the only bank which remained open. The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmers National Bank need have no fears of not getting their money. Almost like magic the line faded away and another formed-custimers redepositing the money they earlier had withdrawn. Relief was rushed by airplane to the Farmers Bank by Chicago Federal Reserve officials as soon as they learned that Taylorville's other three banks had been closed and that a dangerous run had started. Today bank examiners were scanning books of the three closed banks and three others in nearby towns. Thus far, "frozen assets" have been unofficially blamed for the shutdowns. The banks that have closed are: John B. Colgrove and Co., State Bank; the Taylorville National Bank. and the First National Bank. all of Taylorville; the Citizens State Bank and the Turner State Banks both of Edinburg, and the State Bank of Taylorville merchants confident that the banks' conditions were sound, basically advertised today that they would accept checks payable on any of the banks for merchandise. Crops were both blamed for the difficulty and looked to for relief. Failure of approximately 50 per cent of the corn crop was believed to have caused the frozen assets, while the soy bean crop, now being harvested, Is expected to ease the situation.
5.
October 19, 1929
New Britain Herald
New Britain, CT
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AIRPLANE BRINGS MONEY TO BANKS Arrival of Cash Turns Run Into Depositors' Rush Taylorville, 111., Oct. 19 (A)--Out of the sky yesterday dropped money bags to bring renewed faith to a panic stricken town and stave off a bank run which would almost certainly have resulted in empty vaults at the only bank which remained open. The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmers' National bank need have no fears of not getting their money. Almost like magic the line faded away and another formed--customers redepositing the money they earlier had withdrawn. Relief was rushed by airplane to the Farmers' bank by Chicago federal reserve officials as soon as they learned that Taylorville's other three banks had been closed. Today bank examiners were scanning the books of the three closed banks and banks in three other nearby towns. Thus far, "frozen assets" have been unofficially blamed for the shutdowns. The banks that have been closed are: John B. Colegrove & Company, State Bank, the Taylorville National bank, and the First National bank. all of Taylorville; the Citizens' State bank and the Turner State banks, both of Edinburg, the State bank of Bulpitt.
6.
October 19, 1929
Evening Star
Washington, DC
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FUNDS DROP FROM SKY TO STOP BANK RUN AS 3 OTHERS CLOSE Plane Motor's Drone Saves Day and Customers Redeposit Withdrawn Money. By the Associated Press. tomers redepositing the money they earlier had withdrawn. TAYLORVILLE, Ill., October 19.Relief was rushed by airplane to the Out of the sky yesterday dropped money Farmers' Bank by Chicago Federal Rebags to bring renewed faith to a panicserve officials as soon as they learned stricken town and stave off a bank run that Taylorville's other three banks had been closed. which would almost certainly have reToday bank examiners were scanning sulted in empty, vaults at the only bank the books of the closed banks. Thus which remained open. far, "frozen assets" have been unofficially blamed for the shutdown. The drone of an airplane motor was The banks that have been closed are: the signal that the day was saved and John B. Colegrove & Co., State Bank, that the line of 250 depositors in front the Taylorville National Bank and the of the Farmers' National Bank need First National Bank, all of Taylorville; the Citizens' State Bank and the Turhave no fears of not getting their money. Almost like magic the line ner State Bank, both of Edinburg; the faded away and another formed-cusState Bank of Bulpitt.
7.
October 19, 1929
The St. Louis Star and Times
St. Louis, MO
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TAYLORVILLE MERGERS MAY BAR LOSSES IN CLOSING
Depositors Heartened by RuHalted by Airplane Remittance.
By Staff question minds this today what their prospective losses be of the closing three of the town's four banks. Miners, chants and others stood in front of the banks gazing the typed notices pasted and talking about of regaining their deposits. general opinion seems to be would be some loss depositors, but report that the Taylorville National Bank and the First National Bank merge and reopen heartened most of depositors. was pointed that similar year ago Shelby County, which adjoins Christian County, seven banks and that the banks reopened that reduced the loss of depositors to virtually Chief State Bank Examiner Nicholson, on the scene staff told reporter for The Star his investigation had not far the status of the closed Tried "Ride Out Deflation." Inability the banks collect examiner the loans were made the said that lands 1926 when land farm high that the bankers preferred out the deflation period" that followed rather than foreclose on their mortgages. just business judghe asserted. all. six Christian County banks closed They First all pany Turner Bank Edinburg. Farmers' State State The the first to This was last Friday. run started the after was rumored the wealthiest citizens of Illinois loan John Colgrove, head of the stitution. This and many other rumors were heard today wherever the reporter went. In barber hotels, the chief question much did have Deposits Total $2,900,000. The three Taylorville banks closed deposits Under Illinois, are liable for an amount twice stock. banks section of Christian County The of when Farmers' National here had died down today. $600,000, the bank open here When opened yesterday morning crowd 400 depositors rushed the doors. cried their bank books they pushed shoved line that passed the tellers' cages. Bank employes and shoutfor quiet they dealt out sheafs bank notes to the frantic deposThe was stopped in spectacular Adams, telephoned Springbank in an automobile The money rushed through and heaped in tellers' view of crowd. This, quiet them, Adams telephoned Federal officials Chicago rushed here airplane guarded by federal agents. The plane arrived hour and minutes after money was transferred guarded by deputy sheriffs policemen. the swept front the bank, guards, crowd. and their walked the building and the cages. The quiet two hours dispersed. withdrawn funds them. The Bank and this saved the The bank amount of bonds hand and borrow them. Colegrove attributed the condition bank to frozen assets. He that farm declined that the four of the Peabody Coal only one day during the because of in demand, throwing many men out work.
8.
October 19, 1929
The Daily Times
Davenport, IA
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CITY, rated the underdog today's homecoming game with Illinois, jumped into an early lead when Capt. Glassgow raced 78 yards for touchdown on the first play after the kickoff. Eluding Peters. Illini safety man the 15-yard line. the Iowa star made desperate lunge to pierce the invaders' goal. Glassgow made the extra point, the ball striking cross bar before going over. The Hawkeyes threatened again few minutes later when Glassgow punted from close behind goal line, catching the Illini flatfooted, with Rogge downing the punt barely foot from the enemy goal, but the kick was called back and Illinois penalized yards for Iowa taking ball on the line. plays through the line by Glassgow and Sansen, replaced Thomas full, carried the ball to the three yard line before Iowa lost the ball on downs. Illinois, given the ball on their five-yard line, made eight yards on two plays through the line before punting to midfield. penalty forced Iowa back the 35-yard line. from where Glassgow punted to Peters on the Illinois line. Both teams were forced to to sever leaving Illinois the ball their from which point Yanuskus and Timm made first down for Illinois, takthe ball their 45-yard line the quarter in Iowa's favor.
40,000 Present King Football ascended his throne today before crowd 40,000 who braved intermittent drizzle to see the University of Illinois open its Western conference season against University of Iowa. Sprightly blotches of cloth hastimprovised to protect against the bursts of rain which drenched the spectators at intervals dotted the stands. brief talk preceding opening kick-off, Williams, chairman of the Iowa board control of athletics, formally dedicated the new half million dollar Hawkeye stadium. Glassgow in Game Iowa's squad was first on the field. Captain Glassgow, who had previously announced would be kept out of the tilt by juries sustained weeks ago, appeared in the Hawkeye lineup, his injured face protected by specially designed mask. Coach Zuppke's Illini took the field to begin their campaign for their third consecutive Western conference title. Footing appeared fairly secure despite the frequent showers. The was slippery, players both squads fumbling repeatedly during the warming up drill. The sun was fighting seeminglosing battle with clouds forenoon. short shower last night and longer one early
Institution Kept Open at Taylorville After Others Close
Oct. (Associated of the sky yesterday dropped money bags to bring renewed faith to panic stricken town and stave off bank which would almost certainly have resulted in empty vaults the only bank which remained open. The drone of an airplane motor the signal that the day was saved and that the line of 250 depositors front of the Farmers National Bank need have fears not getting their money. Almost like magic line faded away and another depositing the money they earlier withdrawn. Relief was by airplane the Farmers Bank by Chicago federal reserve officials as soon they learned that Taylorville's oththree banks had been closed and that dangerous run had started. Today bank were the books of the three scanning closed banks and three others towns. Thus "frozen nearby assets" have been unofficially blamed for the shutdowns. The banks that have been closed are: John B. Colegrove State Bank, the Taylorville National Bank, and the First tional all of Taylorville: the Citizens' State Bank and the TurnState Bank both of Edinburg, and the State Bank of Bulpitt. merchants confident that the banks' conditions were sound, basically advertised today that they checks paythe banks merchandise. both blamed for the Crops were difficulty and looked to for relief. Failure approximately 50 per cent of the corn was believed crop have caused the frozen assets, while the bean crop, now beharvested, is expected to ease the situation.
9.
October 19, 1929
The Dispatch
Moline, IL
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Moline Will Have Large Radio Station.
Dispatch Special Service Washington, D. C., Oct. 19.-It has been definitely decided to include Moline among the 110 cities in which commercial radio stations for communication will be constructed by the Universal Wireless Communication company before 1932, officials of the Chicago concern stated here today. The Moline station is expected to serve Rock Island and other municipalities. The federal radio commission has just granted adequate channels to the company, and has been informed that work on ten stations will be under way at once. The station at Moline is not included among the first ten, but will be in one of the early quotas, officials believe. It was also announced that the first public showing of the apparatus to be used in the 110 stations will be made at the Chicago radio show. Cities in the first program are New York, Chicago, Buffalo, Cincinnati, Cleveland, Akron, Dayton, Columbus, Detroit, Trenton, New Brunswick, Milwaukee, Peoria, Springfield, Ill., Baltimore, Boston, Memphis, Norfolk, Providence and Washington. eral reserve officials as soon as they learned that Taylorville's other C. three banks had been closed and that a dangerous run had started. Today bank examiners were scanning books of the three closed banks and three others in nearby towns. Thus far, "frozen assets" have been unofficially blamed for the shutdowns. The banks that have closed are: John B. Colgrove and company, State bank, the Taylorville National bank and the First National bank, all of Taylorville: the Citizens State bank and the Turner State bank, both of Edinburg, and the State bank of Bulpitt. Taylorville merchants. confident that the banks' conditions were sound, basically advertised today dy. that they would accept checks payable on any of the banks for merchandise. Crops were both blamed for the difficulty and looked to for relief. Failure of approximately 50 percent of the corn crop was believed to have caused the frozen assets, while the soy bean crop, now being harvested, is expected to ease the situation.
10.
October 19, 1929
The Birmingham News
Birmingham, AL
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Money Bags Drop From Skies And Halt Run On Bank
Out Friday money bags bring faith to town and stave off bank run which would almost certainly have resulted empty vaults at the only bank which remained open. The drone an airplane motor was the signal that the day saved and that the line of 250 depositors in front of the Farmers Na. tional Bank need have no fears of not getting Almost like magle faded and other formed redepositing the money they had Relief rushed by airplane to the Farmers Bank by Chicago Federal officials they learned that Taylorville other three banks had been closed Saturday bank examiners were scanning the three closed and banks three other nearby Thus "frozen assets have been unofficially blamed for the The banks that have closed John B. Colegrove Company. National Bank First National Bank, all of Taylorville the Citizens State Bank and Turner State Bank, both of Edinburg: the State Bank
11.
October 19, 1929
Morning Pioneer
Mandan, ND
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LIKE MANNA FROM THE SKIES, -AIRPLANE BRINGS CASH, HALTS RUN ON BANK IN ILLINOIS
Taylorville, 111., Oct. 19. of the sky yesterday dropped money bags to bring renewed faith to panic stricken town and stave off bank which would almost certainly have resulted vaults at the only bank which open. The drone of airplane motor was the signal that the day saved and that the line 250 depositors in front the Farmers National Bank need have no fears of not getting their money. Almost like magic the line faded away and depositing the money they earlier had withdrawn. Relief rushed by airplane to the Farmers Bank by Chicago fed eral reserve officials as soon they learned that banks had been closed. other three bank examiners were Today scanning the books of the three closed banks books three others in nearby Thus far "frozen have been unofficially blamed the shutdowns. The banks that have been closed John B Colegrove and ComState Bank, the Taylorville pany, National Bank, and the First Na. tional Bank, all of Taylorviille; the State Bank and the Citizens State Banks both of Edinthe State Bank of Bulpitt.
12.
November 4, 1929
Decatur Herald
Decatur, IL
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NEBRASKA MAN BANK RECEIVER
M. E. Jensen Checked in, Assumes Duties in Taylorville
Nov. Jensen, Plainview, Neb., Monday was appointed receiver for the First tional Bank of Taylorville and the Taylorville National bank. He checked in Monday afternoon and preparing to assume duties in connection with the two banks closed two weeks ago. Mrs. Jensen declined to make any statement regarding the financial condition of the two banks. Mr. Jenhas had five years' experience National bank receiver.
13.
November 5, 1929
Herald and Review
Decatur, IL
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RECEIVERS OF THREE BANKS
Two Nationals and One State in Taylorville Are Taken Over
Nov. Jensen, Plainview, Neb., Monday was appointed receiver for the First tional Bank of Taylorville and the Taylorville National bank. He was checked in Monday afternoon and preparing to assume duties connection the two banks closed two weeks ago. Mr. Jensen declined to make any statement regarding the financial condition the two banks. Mr. Jenhas had five years' experience as National bank receiver. Colgrove Bank Receiver Late Monday was announced that Robert G. Early, prominent torney of Geneva, has been appointed receiver the John B. Colgrove state bank here. The Colgrove bank was closed about three weeks ago because of frozen assets. was the first of six banks in Christian county to be closed. Mr. Early is expected here Tuesday to take over management and reorganization of the bank. He has been the state banking department under State Auditor Oscar Nelson for some time.
14.
September 29, 1930
The Taylorville Daily Breeze Courier
Taylorville, IL
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BANK RECEIVER SUES VANDEVEER
Federal Judge Louis FitzHenry on Saturday ordered William T. Vandeyeer of this city to answer charges brought by F William Lensing. receiver of First National bank of this owlls sixty shares of stock in the bank and has not paid. an assessment of $100 a share levied by the United States comptroller of
Attorney for Vandeveer argued hat the stock in question is in the name of Roy A. Johnston. former president of the bank. and that Johnston is liable for the assessment. Judge FitzHenry ruled that the charge that Vandeveer is owner of the stock is sufficient to require an answer and that proof of the charge must be produced by the bank it court. The case has been set for hearing in January.
15.
October 17, 1930
The Taylorville Daily Breeze Courier
Taylorville, IL
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Bank Receiver Sues to Recover Money Garland Gambled With
F. W. Lensing, First National Bank Receiver, Sues Fernandes Grain Co. of Springfield for $8325 Paid Them By Rolley Garland, Former Assistant Cashier, to Be Used to Play Grain Markets.
F. M. Lensing, receiver for the First National Bank, through his special attorneys, Hogan and Coale, today filed suit in Federal Court at Springfield to recover a sum aggregating $8,325 from the Fernandes Grain Company of Springfield, which sum is alleged to have been paid them by Rolley Garland, former assistant cashier of the bank, now serivng a sentence in the federal penitentiary for embezzlement.
According to the contents of the suit Garland is alleged to have paid the above sum to the Springfield eoncern with five drafts paid out over a period of less than 6 months between July 27, 1926 and December 18, 1926 for the purchase and sale of grain on future contracts. These transactions were said to have been history of successive losses to Garland as the records show some 15 or 20 transactions with this of concern with only four or five them showing a small winning. The receiver of the local bank alleges in his suit that officers of the Fernandes Grain Company knew that they were dealing with R. Garland and that he was only buying the grain by paying the marginal amounts and was only playing the grain market on future prices, and did not expect to receive the grain purchased. The receiver also contended that the statute recognizes transaction of thi snature as a gambling contract in grain speculation and he seeks to recover this money for the bank from the grain concern. The rules of the Board of Trade, of which the Springfield concern is a member, also declares that no member is allowed to accept marginal accounts from any employe of a bank, other than the President or the Vice President, without the full consent of the employer. Two of the five drafts were made out by Garland to F. M. Young, a fictitious character, and then endorsed by R. Garlon, who was none other than Garland himself. Garland covered up his shortage of these amounts at the bank for some time by keeping two separate sets of books, one foir the bank and one for his own use. He then kept enough cash on hand to honor the drafts by forging the signatures of depositors having savings accounts at the bank to various amounts and leaving these checks as record for the bank. This shortage was discovered May 2 1929 and about one month later Garland admitted the crime and was immediately sentenced to the federal prison. Garland is alleged to have carried on the same kind of dealings with other grain concerns and other suits are also to be filed against those concerns in the near future.
16.
October 20, 1930
Herald and Review
Decatur, IL
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TAYLORVILLE BANK RECEIVER TO RECOVER $8,325 suit filed federal court Friday by M. Lensing. receiver defunct First National bank. of this city, to recover $8,325 from the Fernandes Grain of Springfield. This sum alleged to have been paid them by Rolley Garland. assistant cashier of the bank, who is now serving sentence for embezzle ment in alleged that Garland paid the above amount the Springfield concern with five drafts, paid within period of less than six months between 27. 1926. Dec. 18, 1926. for and grain on future contracts. That these dealings indicated by which show that some 15 or he only four five times. In the suit filed Friday. Mr. LenWEST GRAND BAPTIST sing alleges the officials of the grain that they were dealing Garland, and that he only buying grain by paying marginal grain market on future prices, and did not expect to receive the grain purchased. also contended in the suit that the statute recognizes this sort of transaction gambling contract grain speculation. this clause that Mr. Lensing seeking recover the money for Garland up his shortage at the bank for time by keeping sets of books, for the bank and one for his own use
17.
January 19, 1931
The Taylorville Daily Breeze Courier
Taylorville, IL
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First National to Pay Another 10% Dividend In February
Receiver Lensing Announced Today That He Is Preparing to Pay Approximately $85,000
More to Depositors.
F. William Lensing, national bank receiver in charge of the First National bank, Taylorville, is now preparing third dividend checks. The amount of the dividend to be paid at this time will be approximately $85,000. The bank already has paid dividends totaling $490,072.98. In addition to the above amounts secured claims amounting to more than $250,000 have been paid since inception of the receivership, making a total paid to creditors amounting to more than $825,000. Third dividend checks when prepared by Receiver Lensing, will be forwarded to Washington for signature and will probably be ready for delivery to depositors the latter part of February. The Breeze will carry a news item when they are ready for distribution. Do not misplace your receivers' certificate.
18.
February 10, 1931
The Taylorville Daily Breeze Courier
Taylorville, IL
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3RD DIVIDEND CHECKS AT FIRST NATIONAL READY
F. Wm. Lensing, National bank receiver, in charge of The First National Bank of Taylorville, will start on Wednesday morning at 8 'clock to pay a third dividend of ten per eent to creditors who have made satisfacfory proof of claim and hold receiv er's certificates. Your Receiver's certificates must be presented for endorsement before your check will be delivered to you! More than 1500 creditors will participate in the dividend, Dividends paid to date total $576,709.28, or 65 per cent of claims proven. Payment of future dividends de pends on how promptly people owing the bank pay their obligations. Creditors of the bank must present their Receiver's certificate for endorsement before the dividend check will be delivered to them. Do not lose your Receiver's Certificate.
19.
June 8, 1931
Herald and Review
Decatur, IL
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TAYLORVILLE BANK RECEIVER RESIGNS
Lenhas of the First National bank here. since last August, has resignation. was appointed receivfor the Citizens National bank He will leave for that city within next few days. Mr. Lensing will succeeded here by who has been receiver for some time the Pana National bank. He close his books Saturday night, and turn the of the local bank over Mr. Martin, Monday Mr. Lensing has made much in liquidating the affairs progress the bank.
20.
September 2, 1931
The Taylorville Daily Breeze Courier
Taylorville, IL
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4TH DIVIDEND CHECKS READY 1ST NATL BANK
Receiver Martin Announced Today that Checks Total $86,000.
The fourth dividend checks are now ready for depositors of the defunet First National Bank, it was announced today by E. T. Martin, receiver. They may be obtained at the bank, Friday and after. The First National, as well as all other banks of the county will be closed all day Thursday in order that officials and employes may attend the Town Guard Shoot at Deentur.
The fourth dividend is for onetenth the amount the depositor has in the bank, and the checks which will be handed out at this time total between $85,000 and $86,000.
The First National Bank was closed in October, 1929, and under the management of capable officiis als, its liquidation of assets moving along quite rapidly.