c0160d5eFull suspension, Books examined
Other: State deputy banking commissioner took charge of affairs; shipments of cash from Chicago were reported but bank closed at noon.
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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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BANK FORCES SECOND RUN SUSPEND DECATUR TO AT and Trust Company, Decatur, capitalized doors at noon today closed the special meeting lowing directors. was the board In Decatur two bank closing Adams County Bank old having been closed yesterday. bank failure the the fourth was county of the old Adams Bank yesterday, steady Loan and Trust the Peoples continued this morning directors were compelled the bank noon. With the close the bank loft only the First city. serious run on this Bank. has was posted The Peoples Bank on the doors noon: for further protection of "Closed leaves four banks The are the First Nathe county. They tional Bank Decatur: the the Bank of Berne and State the Bank of Geneva. the two weeks the Within State Bank Berne and Peoples Grove Bank, also have the Linn been closed. Matthias Kirsch is president institution closed E. the Bell vice president, and Lower D. Barr, deputy state Thomas commissioner, who came banking charge of the here yesterday to Bank, also took old Adams County affairs the Feoples charge Loan and Trust Company. but declined to make statement.
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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.