First National Bank (Sapulpa, OK)

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SAPULPA BANK CLOSED TODAY BY U. S.

Directors Blame Slow Loans

Special to The Tribune.

SAPULPA.—The First National bank of Sapulpa failed to open its doors at 9 this morning. On the door of the bank was posted a notice signed by Charles H. Filson, national bank examiner, stating that it was closed by order of the board of directors and was in the hands of bank examiners.

This is the oldest bank in Sapulpa. It was founded in 1901 soon after the first permanent settlement was made here.

The board of directors issued a statement that the bank was closed pending a re-organization and that it was expected this would be completed in a short time. The directors stated that they did not believe the depositors would lose anything.

The old bank home burned more than a year ago and a new three-story building is in process of construction at Main and Dewey streets. The building is to cost $100,000. The re-organized bank will open there, according to the directors. No intimation of shortages in the accounts was given out.

Later in the day President F. B. Reed made a short statement. "We expect to reopen with new officers and new money," he said. "The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking. We didn't want an out and out run on the bank and as many were withdrawing their deposits the board of directors decided to call in the bank examiners."

In addition to Examiner Filson, Examiner L. K. Roberts is also at the bank today.

The First National is the third largest bank in Sapulpa. In addition to Mr. Reed its officers are E. T. Creegan, vice president; I. F. McGee, cashier and R. H. Bartlett, assistant cashier. On the board of directors besides Reed, Creegan and McGee are J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.

At the national bank call on April 3, 1923 the bank made the following statement:

Combined Resources.

Loans and discounts $750,975.91 Overdrafts 94.98 Federal Reserve Bank stock 3,400.00 Real Estate, Furniture and Fixtures 76,277.23 U. S. Government Securities 91,585.00 Warrants and Trade Acceptances 71,611.02 Cash and Exchange 154,868.55

Total $1,151,312.69

Liabilities.

Capital Stock $100,000.00 Surplus and Undivided Profits 25,111.87 Circulation 25,000.00 Rediscounts and Bills Payable 120,390.00 U. S. Government Securities, borrowed 13,000.00 Deposits 842,810.82

Total $1,151,312.69

The closing of the bank left the city dazed this morning, but no unusually ill effects were apparent at noon.

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NATIONAL BANK THAT SUSPENDED WILL OPEN SOON

First National to Start Again July 5 With $100,000 of New Money

By the Associated Press Sapulpa, June 26.—Reorganization of the First National Bank, which was placed in the hands of National Bank examiners yesterday, will be completed this week, president F. B. Reed announced today.

The bank will reopen July 5 in its new $300,000 home, which will be ready for occupancy then.

The reorganization committee announced that $100,000 of new money is to be placed into this institution by stockholders and that the amount is practically all secured now.

The depositors will lose nothing, President Reed announced.

Reed will remain in the bank.

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SAPULPA BANK IS NOT IN BAD WAY

Slow Repayment and Fear of Run Given as Reason for Reorganization

Sapulpa, June 26.—Slow repayment of loans and fear of an out-and-out run by depositors is given as the cause for the failure of the First National bank of Sapulpa to open its doors yesterday morning. Not a depositor will lose a penny, it was confidently stated, and business will be resumed in the new home of the bank as soon as it is completed.

Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.

"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank, and as many were withdrawing their deposits the board of directors called in the bank examiners.

"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building now nearing completion at Main and Dewey."

Examiner Filson, who with Examiner Roberts was busy at the bank today said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."

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SAPULPA BANK CLOSES First National, Oldest in City in Hands of Examiners

SAPULPA, OKLA., June 25.—The First National Bank of Sapulpa the oldest bank in the city, failed to open its doors this morning a notice posted announcing that the institution was in the hands of the National bank examiners.

Directors of the bank issued a statement saying the bank was being reorganized and that they believed depositors would lose nothing.

The bank was founded in 1901 and a new $100,000 home is now under construction. National bank examiner Charles Filson is in charge.

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BANK IN SAPULPA FORCED TO CLOSE

Slow Payment of Loans, Fear of Runs, Shuts Up First National

REORGANIZATION IS ON

Institution, Oldest in Sapulpa, Will Reopen Soon in New Three-Story Building

Special to The World.

SAPULPA, June 25.—Slow repayment of loans and fear of an out and out run by depositors, resulted in the First National bank of Sapulpa failing to open its doors for business at 9 o'clock this morning.

A notice on the door stated that the bank had been closed at the request of the board of directors and was in the hands of national bank examiners, pending a reorganization. The notice was signed by Charles H. Filson, national bank examiner who with L. K. Roberts, also national bank examiner, has taken charge of the bank.

Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.

"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank and as many were withdrawing their deposits the board of directors decided to call in the bank examiners.

"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building, now nearing completion, at Main and Dewey."

Examiner Filson, who with Examiner Roberts was busy at the bank today, said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained. "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."

Oldest Bank in Sapulpa.

The First National bank was the oldest of Sapulpa banks and the CONTINUED ON PAGE THREE

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NATIONAL BANK THAT SUSPENDED WILL OPEN SOON

First National to Start Again July 5 With $100,000 of New Money

Sapulpa, June 26.—Reorganization of the First National Bank, which was placed in the hands of National Bank examiners yesterday, will be completed this week, president F. B. Reed announced today.

The bank will reopen July 5 in its new $300,000 home, which will be ready for occupancy then.

The reorganization committee announced that $100,000 of new money is to be placed into this institution by stockholders and that the amount is practically all secured now.

The depositors will lose nothing, President Reed announced.

Reed will remain in the bank.

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SAPULPA BANK IS NOT IN BAD WAY

Slow Repayment and Fear of Run Given as Reason for Reorganization

Sapulpa, June 26.—Slow repayment of loans and fear of an out-and-out run by depositors is given as the cause for the failure of the First National bank of Sapulpa to open its doors yesterday morning. Not a depositor will lose a penny, it was confidently stated, and business will be resumed in the new home of the bank as soon as it is completed.

Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.

"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank and as many were withdrawing their deposits the board of directors called in the bank examiners.

"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building, now nearing completion at Main and Dewey."

Examiner Filson, who with Examiner Roberts was busy at the bank today said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained. "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."

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NAME RECEIVER FOR BANK HERE

RECEIVER FOR BANK IS NAMED

Antlers, Okla., Man to Take Over Affairs of Bank That Shut Its Doors Here.

Announcement was made here this afternoon that the Comptroller of the Currency had appointed a receiver for the First National Bank of this city which closed its doors four weeks ago today. The receiver appointed is Clark Wasson of Antlers, Okla., and he was in the city this afternoon preparatory to taking charge of the affairs of the bank.

This appointment came as a complete surprise for it was pretty generally known that a reorganization was about completed and in fact it was understood that the bank would be reopened within the next ten days or two weeks. This new organization had been practically completed although the details had not been given out to the public. Interested parties this afternoon declared that had the receivership been postponed a very few days the new deal would have been completed and the announcement of opening date made.

No definite information has been given out as to what creditors asked for the receivership, but it is understood that a bank in another city got restless and petitioned for this action.

Mr. Wasson, the man named as receiver, is not known here, but it is said that he was formerly in the banking business in the southeast part of the state. At one time he is said to have been a United States marshal. It is presumed that he will take charge of the bank's affairs as soon as his bond has been approved.

This action is a keen disappointment to all local citizens as it was hoped and believed that the unfortunate affair could be wound up without liquidation.

Local business men this afternoon expressed the opinion that when the comptroller of the currency is apprised of the progress that has been made toward reorganization that he will withdraw the receivership appointment and permit the completion of the deal. L. K. Roberts, chief bank examiner, is expected here Wednesday morning and an effort will then be made by interested parties to have the appointment annulled.

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TO REOPEN BANK HERE ON SEPT. 1

Pawhuska Bankers Will Reopen Local Bank; Huber Hughes Must Be Its Head.

September 1st, is the date set for the reopening of the First National Bank which closed its doors June 25, according to plans now under way for reorganization in co-operation with local bankers, depositors, business men and Pawhuska bankers who are to take the affairs over it was learned at a meeting of the depositors held last night. The opening date has not been officially set but it is believed by those in close touch with conditions of the reorganization that the work can be completed by that time.

According to present plans which are accepted by the depositors last night the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receiver, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major Kennedy and Edwin Kennedy of the Bank of Commerce there, is that out of $100,000 capital and $50,000 surplus they will raise $105,000 if the depositors of this bank will produce $45,000. This will put the bank on its feet with the provision made that there be no run made on the bank by depositors as soon as its doors are again opened.

All of the depositors at the gathering last night pledged their heartiest support to the plans agreeing to leave their deposits in the bank except for such ordinary business transactions and living expenses as it is necessary to draw out. The 4000 depositors of the failed bank have a total of $750,000 tied up now. Local bankers and business men expressed belief that the bank would continue a strong depository and will pay 100 cents on the dollar if the present depositors stand by it after it reorganizes.

The Pawhuska men have agreed to invest their money in this bank only on the condition that Huber Hughes, formerly of the Bank of Commerce here, takes charge of its affairs. Hughes agreed to do so and returned yesterday from Bella Vista, Ark., where he had gone on a fishing trip to be able to attend last night's depositors meeting. When the proposition was put before the house by R. B. Thompson, Hughes was heartily approved and applauded as the man for the place.

The total loss in bad loans which the bank has sustained and which in part forced the closing of its doors does not exceed its capital and surplus according to the statement of its condition made by Thompson. This means that the depositors will be paid in full but that the stockholders have not such a pleasant outlook. Hughes stated that he would not feel like putting his hands in the bank's affairs at all unless he believed he and the men with whom he is working could make it pay 100 cents on the dollar.

A number of depositors agreed to leave their entire deposits in the bank one year untouched and a number of others agreed to invest theirs or half of theirs in stock. It is thought by those in charge that $45,000 of a $124,000 loan can be collected within the next six days which will mean a great deal toward hastening the reopening of the bank.

The new bank building which is one of the best equipped and most modern buildings of its kind in the state was built by loans made by the Pawhuska men who have now offered plans which will put the bank on its feet. They intended to attend last night's meeting at the Christian church but were unavoidable detained at Big Heart on account of a wreck.

The bank, Thompson explained has for some time had a hard time getting money with which to continue business due to the withdrawing of deposits on account of "tips" that the bank was "shaky." More than one speaker pointed out that Sapulpa cannot afford the failure of a bank. The financial interests of the entire city will not allow it.

L. M. Lewis called the meeting to order after which Rev. R. P. Crawford of the First M. E. church gave a short prayer. Other speakers were G. L. Burke, L. J. Burt and J. J. Mars. Suggestions were offered and motions made by a number of depositors. The house was filled to capacity with a large number of the audience women. Construction work on the plans discussed last night will follow immediately on the arrival of the Pawhuska bankers who have become interested here. It will

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News of Sapulpa

SAPULPA, Aug. 4.—September 1 is the date set for the reopening of the First National bank, which closed its doors here June 25, according to plans approved at a meeting of the depositors of the bank held at the First Christian church Friday night. The plan which was accepted is that out of $100,000 capital and $50,000, the depositors raise $45,000, while Charles Stewart of the American National bank of Pawhuska, and Major and Edwin Russell of the Bank of Commerce there, raise $105,000. At the opening date 50 per cent will be paid on deposits with a percentage of the remainder from the hands of the receiver. A large number of depositors have made known their intention of leaving their deposits in the bank one year, and a number of others said they would take theirs in stock.

Huber Hughes, formerly of the Bank of Commerce here, who was at Bella Vista with his family on a vacation returned Friday. The 4,000 depositors of the bank have about $750,000 tied up now as the banks' affairs stand. The loans which are conceded to be a total loss to the bank do not exceed the capital and surplus of the depository, it was stated. An enthusiastic crowd of depositors greeted the reorganization plans with approval, pledging themselves not to make a run on the bank as soon as it opened, but to leave their accounts for a long enough time to put the bank on its feet.

Paul Osburn, who was arrested here on a charge of possession of intoxicating liquor will not be returned to Osage county on charges of wife desertion. He is charged here with possession of whisky, and with carrying a concealed weapon. He will be held on both charges but no date has yet been set for a hearing.

Bennie Wallis was able to be taken to his home from the city hospital Saturday following an operation Sunday.

Miss Bernice Mara returned to her home Saturday after spending two weeks visiting friends in the western part of the state.

Mr. and Mrs. W. E. Fiske and two daughters Bessie and Lonnie left Saturday for Los Angeles, Cal., where they will make their home.

Mr. and Mrs. Ike Walker and T. A. Herbert motored to Norman Saturday.

Road Conditions.

Oklahoma City, fair, rough in places. Miami, good; Muskogee good, rough in places. Shawnee good; McAlester, rough in places; Tishomingo, good; Chickasha, rough and dusty; Elk City, fair, rough in places; Enid, good, rough in places.

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PLANS MADE TO REOPEN BANK

REORGANIZATION OF SAPULPA FIRST NATIONAL IS WELL UNDER WAY.

Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa Saturday. Huber C. Hughes, who recently sold his interests in the Bank of Commerce there is to head the re-organized bank. The bank will be ready for business by September 1, or before.

Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:

"According to present plans which are accepted by the depositors last night the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receiver, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major Kennedy and Edwin Kennedy of the Bank of Commerce there, is that out of $100,000 capital and $50,000 surplus they will raise $105,000 if the depositors of this bank will produce $45,000. This will put the bank on its feet with the provision made that there will be no run made on the bank by depositors as soon as its doors are again opened.

All of the depositors at the gathering last night pledged their heartiest support to the plans agreeing to leave their deposits in the bank except for such ordinary business transactions and living expenses as it is necessary to draw out. The 4,000 depositors of the failed bank have a total of $750,000 tied up now. Local bankers and business men expressed belief that the bank would continue a strong depository and will pay 100 cents on the dollar if the present deposits stand by it after it reorganizes.

"The Pawhuska men have agreed to invest their money in this bank only on the condition that Huber Hughes, formerly of the Bank of Commerce here, take charge of its affairs. Hughes agreed to do so and returned yesterday from Bella Vista, Ark., where he had gone on a fishing trip to be able to attend last night's depositors meeting. When the proposition was put before the house by R. B. Thompson, Hughes was heartily approved and applauded as the man for the place.

"The total loss in bad loans which the bank has sustained and which in part forced the closing of its doors does not exceed its capital and surplus according to the statement of its condition made by Thompson. This means that the depositors will be paid in full but that the stockholders have not such a pleasant outlook. Hughes stated that he would not feel like putting his hands in the bank's affairs at all unless he believed he and the men with whom he is working could make it pay 100 cents on the dollar.

"A number of depositors agreed to leave their entire deposits in the bank one year untouched and a number of others agreed to invest theirs or half of theirs in stock. It is thought by those in charge that $45,000 of a $124,000 loan can be collected within the next six days which will mean a great deal toward hastening the re-opening of the bank."

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Sapulpa Bank Will Re-Open September 1

Special to The Tribune. SAPULPA.—Depositors in the First National bank here will receive 50 per cent of their funds when the institution re-opens September 1, according to reorganization plans approved at a meeting of the depositors held here last week. The rest of the deposits are to be paid later.

Many of the depositors will leave their funds in the bank while others will accept stock in the new organization, they announced at the meeting. They pledged themselves not to make a run on the bank. The bad loans which caused closing of the bank June 25 do not exceed the capital and surplus it is said.

Exchange to Close Friday. NEW YORK—The New York Exchange will be closed Friday in observance of President Coolidge's proclamation of a day of nationwide mourning.

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Argentine Put End To Sunday Flirting

Buenos Aires, Aug. 7.—"Beauty parading" and idle street flirtations, heritage of the Spanish colonial days, are becoming extinct pastimes in Argentina. The devotion given by Argentine youth to out-door sports in the last decade, first by the young men and now in growing measure by the young women, is held accountable for the change.

Twenty-five years ago, the young men of Buenos Aires, stiffly attired in black, with high poke collars and French patent leather shoes, devoted their holiday and Sunday afternoons to strolling along the avenues or loitering on street corners with an eye out, mainly, for pretty girls. The girls, decked out with the knowledge that they were to be admired, devoted the same afternoons to "coche" riding, forming a "beauty parade" as the vehicles drew them along the avenues past the groups of young men with whom they might exchange smiles and flirtatious glances. This was about all the outdoor exercise Argentine young folk took in those days, says the older generation.

Today in Buenos Aires there is hardly a vacant lot on a Saturday, Sunday or holiday afternoon that is not the scene of a football game. Tennis matches are in progress on hundreds of courts, golf balls soar over the fairways of eight different courses, swift racing sculls cleave the waters of the River Lujan, propelled by sunburned arms, on running tracks young men in spiked shoes seek to make records in the hundred meter dash, the hurdles and like events, swimming, basketball and boxing have numerous devotees, while young men of wealth indulge in polo and yacht races on the River Plate. The formal Sunday-afternoon black of a generation ago has been succeeded by light tweeds, homespuns, flannels and sport clothes. The young men have less time to flirt.

PLANT MADE TO REOPEN BANK

Reorganization of Sapulpa First National Is Well Under Way

Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa. Huber C. Hughes, who recently sold his interests in the Bank of Commerce, there is to head the re-organized bank. The bank will be ready for business by September 1, or before.

Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:

"According to present plans which are accepted by the depositors, the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receivers, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major"

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PLANT MADE TO REOPEN BANK

Reorganization of Sapulpa First National Is Well Under Way

Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa. Huber C. Hughes, who recently sold his interests in the Bank of Commerce, there is to head the re-organized bank. The bank will be ready for business by September 1, or before.

Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:

"According to present plans which are accepted by the depositors, the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receivers, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major Kennedy and Edwin Kennedy of the Bank of Commerce there, is that out of $100,000 capital and $50,000 surplus they will raise $105,000 if the depositors of this bank will produce $45,000. This will put the bank on its feet with the provision made that there will be no run made on the bank by depositors as soon as its doors are again opened.

All of the depositors at the gathering pledged their heartiest support to the plans agreeing to leave their deposits in the bank except for such ordinary business transactions and living expenses as it is necessary to draw out. The 4,000 depositors of the failed bank have a total of $750,000 tied up now. Local bankers and business men expressed belief that the bank would continue a strong depositors and will pay 100 cents on the dollar if the present deposits stand by it after it reorganizes.

"The Pawhuska men have agreed to invest their money in this bank only on the condition that Huber Hughes, formerly of the Bank of Commerce here, take charge of its affairs. Hughes agreed to do so and returned from Bella Vista, Ark., where he had gone on a fishing trip to be able to attend last night's depositors meeting. When the proposition was put before the house by R. B. Thompson, Hughes was heartily approved and applauded as the man for the place.

"The total loss in bad loans which the bank has sustained and which in part forced the closing of its doors does not exceed its capital and surplus according to the statement of its condition made by Thompson. This means that the depositors will be paid in full but that the stockholders have not such a pleasant outlook. Hughes stated that he would not feel like putting his hands in the bank's affairs at all unless he believed he and the men with whom he is working could make it pay 100 cents on the dollar."

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MAY LIQUIDATE SAPULPA BANK

RECEIVER HAS POSTED NOTICES TO PERSONS WHO HAVE CLAIMS ON BANK.

Liquidation of the First National bank at Sapulpa is regarded there as a certainty, according to reports reaching here.

An official notice to all persons having claims on the bank has been posted on the front door of the bank stating that all claims must be presented within three months from date or be void.

Clark Wasson, receiver, stated that the notice simply meant that the bank would have to be liquidated, but that he could not state at present how much could be saved for the depositors. No definite figures of the bank's assets can yet be compiled, he said.

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ed hereby that unless redemption is made by some person authorized by law to redeem said land within 60 days after the date of service of this notice a tax deed will be demanded and will be issued as provided by law, conveying to the undersigned the property hereinabove described. J. A. RANDOLPH, Holder of Tax Sale Certificate Nos. 1828 and 1829.

(Published in Sapulpa Herald May 29, June 5, 12, 19 and 26, 1924.) IN THE DISTRICT COURT OF CREEK COUNTY, OKLA. Hopping & Evans, a Partnership Composed of J. S. Hopping and T. D. Evans, Plaintiff, vs. W. W. Covert, Pauline Dean Orcutt, Glen J. Smith, Thomas B. Slick, W. T. Kinion and Oma McElroy Cadman, a Minor, Defendants; No. 14518. NOTICE OF SHERIFF'S SALE OF LANDS. Notice is hereby given that in pursuance of an order of sale issued out of the District Court of Creek county, Okla., on the 26th day of May, 1924, in an action wherein Hopping & Evans, a partnership composed of J. S. Hopping and T. D. Evans was plaintiff and W. W. Covert, Pauline Dean Orcutt, W. T. Kinion and Oma McElroy Cadman, a minor, were defendants, directed to me the undersigned Sheriff of Creek county, commanding me to sell, according to law, without appraisement, the following described property: Lots 1 and 2, and South Half of Northeast Quarter of Section 2, Township 19 North, Range 8 East, Creek County, Oklahoma, to satisfy a judgment and decree of foreclosure in favor of said plaintiff and against said defendants, obtained and made in said court on the 23rd day of November, 1923, for the sum of Thirty-seven Hundred Seventy-six Dollars and Twenty-two cents ($3,776.22), and Sixty-five (65) Dollars costs, and accruing costs, with interest thereon at 10 per cent from the 23rd day of November, 1923, until paid, I will, on the 30th day of June, 1924, at the hour of 11 o'clock a. m. of said day, at the north front door of the court house in the city of Sapulpa, in said County and State, offer for sale and sell to the highest bidder for cash, the said property above described, or so much thereof as will satisfy said judgment, with interest and costs. Said property will be sold subject to a Five Thousand ($5,000) Dollar first mortgage, in favor of Aetna Life Insurance Company. Witness my hand, this 26th day of May, 1924. ABNER BRUCE, Sheriff of Creek County. By H. H. BURNS, Deputy.

(Published in Sapulpa Herald June 5, 12, 19, 26, July 3, 1924.) IN THE DISTRICT COURT OF CREEK COUNTY, STATE OF OKLAHOMA. First National Bank of Sapulpa, Oklahoma, by Clark Wasson, Receiver, Plaintiff, vs. Ephriam T. Shelton and Bessie Shelton, Defendants; No. 12128. NOTICE OF SHERIFF'S SALE OF LAND. Foreclosure notice is hereby given that, in pursuance of an order of sale issued out of the District Court of Creek County, Oklahoma, on the 3rd day of June, 1924, in an action wherein Clark Wasson, Receiver of the First National Bank of Sapulpa, Oklahoma, was plaintiff and Ephriam T. Shelton and Bessie Shelton were defendants, directed to me, the undersigned Sheriff of Creek County, commanding me to levy upon, appraise and sell the following described property: Lot Five (5) and North Half of Lot Eight (8) in Block Fifteen (15), Frisco Place Addition to the City of Sapulpa, Creek County, Oklahoma, to satisfy a judgment and decree of foreclosure in favor of said plaintiff and against said defendant, obtained and made in said

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BANK RECEIVER SUES BIG BOND COMPANY

A suit was brought today in United States district court by Clark Wasson, receiver for the defunct First National bank of Sapulpa, against the Massachusetts Bonding and Insurance corporation for the sum of $20,000, with interest since September, 1923.

According to the plaintiff the bonding company is responsible for the acts of banking officers it has bonded, and the petition alleges that due to defalcation on the part of bonded officials, the institution lost the sum named in the suit.

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BANK RECEIVER SUES BIG BOND COMPANY

A suit was brought today in United States district court by Clark Wasson, receiver for the defunct First National bank of Sapulpa, against the Massachusetts Bonding and Insurance corporation for the sum of $20,000, with interest since September, 1923.

According to the plaintiff the bonding company is responsible for the acts of banking officers it has bonded, and the petition alleges that due to defalcation on the part of bonded officials, the institution lost the sum named in the suit.

SECRET OF KEEPING YOUNG

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BANK RECEIVER WITNESS BEFORE FED QUIZ BODY

Clark Wasson Is Called Presumably for Sapulpa Bank Probe

Clark Wasson, receiver for the defunct First National Bank of Sapulpa and former assistant superintendent of the Five Civilized Tribes, was a witness before the United States grand jury sitting here.

A large number of witnesses in various postoffice cases appeared before the grand jury this morning. Cases involving violation of the postal laws consumed most of the day, after which the presentation of bank cases was begun immediately.

See Long Session

Attaches of the United States district attorney's office said today that in all probably the jury would not complete its work before the latter part of next week.

W. J. Barrett, expert bank accountant with the department of justice, returned from Washington where he was in conference with the Attorney General regarding the national banking situation of this state. On his return here he immediately went into conference with Frank D. Lee, United States district attorney, preparatory to the presentation of a number of bank cases before the grand jury.

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FRAUD CHARGES IN BANK SUITS

Receiver for First National of Sapulpa Claims Funds Misused

TULSA May 21.-Charging "fraudulent misappropriotion" of certain funds of the defuner First National celver of the bank Wednesday after noon filed in federal court suit for accounting from the former of fleers and directors of the bank for the sum of $195,518.90 growing out of loans made in five different cases. The bank closed its doors early in 1924.

The suit is brought against F. B. Reed. former president of the bank: F. McGee former cashier. J. A Boyd. Sam Dreyfus A. H. Stone, J. W. Adams, W. Miller and Rose G. Creegan as executrix of the estate of

In the first charge of the petition is alleged that the blank loaned M. B. Downs a total of $111,442.89 on a series of notes from June 30, 1922 to June 18. 1925 and alleges that MeGee. Reed Creegan. Adams and Boyd personally interested in the var ous enterprises for which Downs IS charged with having borrowed the money

The second charge is that the bank loaned money to B C Burnett and B. Burnett for the use of the GenPetroleum company, Ross Investment company and Nash Creek Motor company. The total amount of loans in this charge is $17,400. The third charge is that the defesdants fraudulently misappropriat ed the bank's funds by making loans to J. M. Bryan and M. E. Bryan for the use of Electric Amusement park and that Reed and McGee were per sonally interested in the park adventure. Th amount alleged to have been loand for the benefit of th park