5337. Toluca State Bank (Toluca, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 25, 1927
Location
Toluca, Illinois (41.002, -89.133)

Metadata

Model
gpt-5-mini
Short Digest
c6318612

Response Measures

None

Description

Articles report Toluca State Bank placed in receivership by the state auditor (receiver appointed). No newspaper text describes a depositor run prior to suspension. Therefore this is a suspension that resulted in permanent closure/receivership (suspension_closure). Article dates placed the receivership in Feb 1927.

Events (2)

1. February 25, 1927 Receivership
Newspaper Excerpt
Toluca State Bank in Receiver's Hands bank into the receiver State Auditor appointed the First receivers State Every ... closing this institution ... will pay the estimated ... of their (OCR degraded). (Article 2 mentions federal court action declaring B. Ball a banker rather than farmer, relating to the bank's former president; no run is described.)
Source
newspapers
2. February 25, 1927 Suspension
Cause
Government Action
Cause Details
State Auditor appointed a receiver; bank placed in receiver's hands (official/state action).
Newspaper Excerpt
Toluca State Bank in Receiver's Hands bank into the receiver State Auditor appointed the First receivers
Source
newspapers

Newspaper Articles (2)

Article from The Pantagraph, February 25, 1927

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Article Text

Toluca State Bank in Receiver's Hands bank into the receiver State Auditor appointed the First receivers State Every for the the the and be done The at large given the for the closing this institution what this will pay the estimated very doubtful cent of their


Article from The Fairbury Blade, November 11, 1927

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Article Text

first vein of coal has been bare east of Coal City by the giant electric operated by the NorthIllinois Coal Corporation in their stripping project involving acres Will county, but actual of coal will be delayed unafter the arrival of larger shovdue about December The imshovel, scooping out tons made to feet deep, about 50 feet wide several blocks long field near county line, and the of coal, the first be produced, waiting be sent through the tipple and out to its consumers. More than 100 men are rushing tion work on the tipple and other buildings to be used in connection with what is said to be the largest stripping project in Illinois. Other workmen are rushing spur track that will soon connect the mine property with railroad facilities. Ray Weimer, engineer charge, states that the new machine to be the largshovel ever constructed in the world, will be ready for shipment factory about December With favorable weather, he said, he pected to be ready to begin assembthe mine by that time. The be produced what is known Wilmington coal, and for years favorite coal in the Chicago market until the opening of larger seams in the southern part of the state made mining in the small seams unprofitable. The improvement in electrical shovels and machinery has brought the Grundy county field back to where expects to take leading part in Illinois production. Cooksville has four fine churches, but only one resident pastor. Cooksville itself has population of only 200. Mrs. W. Lovenstein got quite surprise Friday when she received letter from Dallas, Tex., signed Mrs. Lovenstein, and informing the Chatsworth woman that her former husband was now the husband of the writer of the letter. newspaper elipping was inclosed indicating that Lovenstein had been granted divorce from Mary Lovenstein and the letter further disclosed the information that the divorce had been grantFebruary 1927, and that the writer of the letter was married Mr. Lovenstein on April 14. Lovenstein twice to Mary Megquier. First at Gary, Indiana, number of years ago. Then few ago it was that Mr. had not been divorced from his first wife long enough make his marriage legal with the Chatsworth woman. They Peoria and were married the sectime. He was then engaged in confectionery business in Chats- worth. After disposing of his business he secured position, traveling of with territory the south. He wrote to his wife and occasionally sent her sums money, according report. Last he visited her here for few days, her, promised to vide home her the south. He for short to write to her but for some time has been to locate him. The news the divorce came shock to the Chatsworth and she has consultlawyer an endeavor have the divorce decree set aside and the man punished for desertion and nonsupport and for Plaindealer. Gibson City citizens who have been waiting anxiously for the new Ford were given uite rare treat this morning when they viewed Ford coupe of ancient vintage, 1910 model, parked in Sangamon avenue. The Ford one the first closed models that Henry turned out of his factory. It had the band the radiator, gas lights, the gasoline tank the rear, shutters on the headlights and long plate-glass windows. From its evidently had been in service for and looked as was far from the junk heap The curio is the property of Paxton Courier. By action of the federal court, B. Ball, former president of the Toluca State bank, has been declared banker rather than As banker subject to proceedings and farmer he is Following this action the case will be placed before D. Gregg, referee in bankruptcy, as referee rather than as master in chancery. the ground that owned several farms, Ball maintained that he was farmer. Action of court naming him banker results in him losing point in his case. The south end of Route 116 connecting with Route was opened to traffic Monday and Piper City now has real hard road connection with the outside world. The north road also open except the crossing intersections the edge of town, laid week and ago for the detours where two bridges north town are not completed. We understand that temporary bridges to constructed and then Route will be in use from Piper City to City Journal. Mr. Seaman, who works on the section in found round agate stone while walking down along Farm and had jeweler send it away to get polished and mounted for charm. The stone remarkable in that on side shows perfect Odd Fellows emblem three links the opposite shows two owl's eyes which might make emblem of the Owls club. is quite curiosity. man in neighboring town who took city paper preference to country paper because he got more paper for money was attracted the advertisement of fire escape which would be forwarded on receipt of He the cash and in few days acopy of the New Testament. couple of colored women engaged fight at the road camp half mile west of Piper City Tuesday night last week. One the pair hold of butcher knife and what she did the other with plenty Dr. Diddy, who called the case, loaded the patient into car and her to the Gilman hospital, where the wounds were closed. many stitches were taken that looked like rag doll after the job had been finished. Cuts on her abdomen, both shoulders, across the nose, hands and forehead and other places too numerous to mention, were stitched by the surgeons, who worked for several hours on patient. The cuts on the abdomen were 80 deep that two layers of sutures were necessary. Sunday the patient turned to camp near Piper City, and she told her friends that the doctors had taken more than fifty stitches to close the wounds which she had received. The negress who did the cutting left camp soon as the fight was over. said that love affair was at the bottom of it Record. Suit for $10,000 has been filed Litchfield against the Fidelity Deposit company of Maryland outgrowth of loss of 20 revolvers purchased by the county during the strike several ago Hillsboro. State's Attorney Frank M. Ramsey, of Hillsboro, has brought the suit, acting for Sheriff Charles Hill. Unable to collect all of the guns which were given out during the men acting as special officers during the strike, the county board of instructed the state's attorney to act. Henry E. Jacobs, prominent torney Lacon, has been missing for more than month, his being laid the fact that he is in straightened financial circumstances. Mr. Jacobs Lacon business trip to Iowa October His wife and his private secretary received letter from him the following Monday stating that he would not be back and since that time he has not been heard from, although presumed that some of his business associates know approximately of his whereabouts. Miss Lizzie Zimmerman, who lives south of this city, received thrill Monday that she will not forget for some time. She was working out in the yard her home when she heard flock wild geese flying over. She grabbed the shotgunt and ran the for her brother. By this time the geese had passed over and her brother was not able to get shot them. She had hardly returned to her work when another flock geese flew over. This time they were flying very low. She decided to try her own luck at bagging them. After placing the gun to her shoulder, she pulled the trigger and down fell goose with broken wing. Miss Zimmerman feels quite lucky, as this was the first time she ever shot at flock of wild Gibson City Courier. Murnan has some fine educatgoats. That they have passed through high school. The boys usual were pretty active last Monday with Hallowe'en pranks. seems the powers that be expected the boys would visit the high school and they delegated Bruce Wrey to be guardian of the property. Bruce decided to sleep the building. He, however, made mistake. He did not arrive at the building until after the boys did. Upon his entry into the building said that in the he ceived jolt from the rear. When he turned on the lights he found nanny goat and three kids in the hall. Murnan says he has the only goats in the county that gone through Chronicle. When Dr. H. E. Bearss week discovered case of glanders in Minonk, disclosures that followed created apprehension that reaches throughout the state of Illinois. The authorities Springfield have the matter hand and every effort is being made stamp out the threatening danger. Last week when Dr. Bearss was called treat horse for Sutton, suspected glanders and tests showed that his fears were not groundless. He took blood from two mules and horse that were in same pasture and sent to Springfield for testing. Dr. Bearss received the following reply from the capital: blood samples upon being subjected to agglutination test proved positive glanders. The that was killed last week was one of carload that came here from Montana last spring. These horses were sold farmers in this vicinity, Dana, El Paso and other places, and some distant parts of the state. feared that every one of these animals infected and so means real to the state. The thorities at Springfield are tracing each of carload and tests be made each case. Already ten cases are reported from Chicago and from Minnesota traceable to this carload. The state does not that owners destroy animals flicted with glanders, but it enforces strict quarantine the premises long the animals are alive. required that but one person feed them and he must do at his risk. Thus will seen that the only recourse for the owners to the animals. state makes provision for paying for the loss. Mr. Sutton's loss will more than and hardly seems fair. Aside from losing the animals, he has already burned the barns in which they were kept, as step in the effort to vent the spread the malCharles Buck, years former prietor Lacon grocery store, the Methodist hospital in Peoria suffering from gunshot wounds accidentally while out hunting last Thursday morning with Rev. Atherton. accident occurred shortly after 7:30 o'clock, whilet he men were hunting on duck preserve. Buck, said, had placed his gun the on the edge of the boat while the two men were cutting willows with which to erect blind. In some manner the discharged, sending the full load Buck's left leg. The body of found in barn near Goodfield last Saturday evening, was identified Sunday as Iver Jacobsin, former resident of Odell, who had away from the state asylum at Bartonville. established by officials of the state hospital who to Eureka to view the body which was taken there following an inquest at the Sam Esser farm, three miles northeast of Goodfield. Jacobsin's name was found his clothes. Children going the barn to gather eggs discovered the body manger. Rewards totaling $100 have been offered for the arrest and conviction of the vampire driver whose car hit and fatally injured George Lucas, Pekin last Saturday night. The American Legion, of which Lucas was member, offered $25 reward; the Veterans of Foreign Wars, $25, and George Lucas, insurance agent and the father of the young man, offered $50. Lucas struck Saturday night while riding his bicycle. watch had stopped at 9:56 indicating that this was the time was The driver fled without stopping to ascertain the extent of the victim's nesday morning Chester Bailey, who resides near the Lucas home, gave himself up to the Pekin police, stating he could not sleep since he found out had killed Lucas wrecker on the Nickel Plate railroad worked all night Sunday and the greater part of Monday clearing the wreckage caused late Sunday ternoon loaded freight piled up in heap Perdueville, ten miles east of Gibson City. The wreck resulted when steam crane, which was loaded on two flat cars, tumbled off the cars the train was running about 40 miles an hour through Perdueville. thought that the crane was improperly loaded, too much of weight being on one the The cars piled in every minner, tearing up the main track and side tracks for distance of eral hundred feet. No trains were run over the line until about o'clock Monday morning.