e53e7835Accommodated withdrawals, Public signal of financial health
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BANK FORCED TO SUSPEND DECATUR. Ind. June People's Trust $500,000 forced suspend here following the bank depositors alarmed by the failure here yesterday of the 150,000 old County bank. At the time run was being on the first National bank, institution and the bank left operating here. The officials of this bank were said to have shipments of cash to be rushed here by airplane from the National Bank of Chicago, to enable them to withstand the near janic seized the resi-
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MAIL THIEF CONFESSES TAKING $4000 IN LOOT ST. LOUIS, June 14.-(AP)Louis C. Kanuer, Jr., 26, confessed mail box thief, today led postoffice inspectors to west end apartments and lifted door mats and rugs to show them more than 100 rifled letters. He was arrested Thursday when he attempted to cash a stolen check. Kaneur said he had opened about 1000 letters and obtained about $4000 since Christmas. He recently served an 18-months sentence on a similar charge. POSTMASTERS NOMINATED WASHINGTON, June 14-The following postmaster nominations were sent to the senate today: Missouri-Buffalo, Phil Hawkins; Collins, Earnest R. Smith; Eldorado Springs, John M. Atkinson, Jr.; Joplin, Charles L. Martin; Keytesville, Joe P. Stiles: Labadie, George E. Drewel; Licking, Berry Crow; Lilbourn, George E. Richars; Westboro, George Bentley; Winona, Ruby Foster. INDIANA BANK CLOSES DECATUR, Ind., June 14-The People's Loan and Trust company, a $500,000 institution, was forced to suspend business at noon here today following mad run on the bank by depositors alarmed by the failure here yesterday of the $1,150,000 old Adams county bank. At the same time a run was being made on the First National bank. $3,000,000 institution here, and the only bank left operating here.
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RUN FORCES BANK TO CLOSE DECATUR. June run by panic-stricken depositors caused the closing today of the People's Loan and Trust company of this city. The closing of the followed only few hours after the closing of Adams county bank here yesterday and left the First National bank the only banking institution in the city. This bank also expertenced serious run but open and paid depositors as they demanded Within the last two weeks two other in Adams county have closed. They were the Linn Grove State bank and the People's State bank of Illiana State bank here was closed today following the arrest of Fred Bell, former on charge embezzing $25,000.