f1a630e2Full suspension, Books examined
Other: State banking department (deputy commissioner) took charge; directors decided to liquidate
Click image to open full size in new tab
Matthews Bank Closed at Request of Officers May 16. The Farmers bank Matthews. Ind., twelve miles of here, late tonight at the request the board Tom state bank Unfound rumors of the perilous financial conditions caused the bank directors Frazier VanBurean take charge for will not suffer any loss, direc
Click image to open full size in new tab
FROZEN LOANS CAUSE RUN ON THIS BANK Institution Is Closed, Depositors Will Not Lose Anything [INTERNATIONAL NEWS SERVICE] Ind., May Frozen loans and run caused by rumors the of the closof the Farmers State Bank of Matthews, Ind., $170,000 its board directors, Luther F. Symons, state banking far can lieve the will lose anything in this said. of the bank had Symons stated. state banking the rectors of the bank that liquidate its affairs. think was management by the directors close The bank which was an old one had deposits of nearly $100,000. W. K. Frazier, of Van Buren, state bank was in charge of the bank's affairs today. Richards president and Mrs. Mary Roberts, cashier, of the bank. Matthews is located about 12 miles east of Marion, Ind.
Click image to open full size in new tab
FROZEN LOANS CAUSE RUN ON THIS BANK Institution Is Closed, Depositors Will Not Lose Anything Ind., May Frozen loans and run caused by the causes of the closof the Farmers State Bank of Matthews, Ind., $170,000 tion, its board directors, Luther F. Symons, banking explained "As can don't believe the depositors lose anything this Symons said. "The operation of Matthews bank had "The banking department to the directors the bank liquidate its think good by directors to close the institution. The bank which an old had $100,000. K. Frazier, Van Buren, state bank examiner, in charge of the bank's affairs today. Richards president and Mrs. Mary Roberts, cashier, of the Matthews located about miles of Marion,*Ind.
Click image to open full size in new tab
FROZEN LOANS CAUSE RUN ON THIS BANK Institution Is Closed, Depositors Will Not Lose Anything INDIANAPOLIS, Ind., May Frozen loans and run caused by rumors were the causes of the closof the Farmers State Bank of Matthews, $170,000 institution, by its board of directors, Luther F. Symons, state banking commissioner, explained here today. don't bedepositors will anythis Symons said. operation of become unprofitable," stated. state banking the directors of the liquidate think by directors to which old one of $100,000. Frazier, Van Buren, charge of the affairs today. D. Richards president and Roberts, cashier, of the located about 12 miles east of Marion, Ind
Click image to open full size in new tab
FROZEN LOANS CAUSE RUN ON THIS BANK Institution Is Closed, Depositors Will Not Lose Anything Ind., May Frozen loans and run caused by rumors the of the of the Farmers Bank of Matthews, Ind., Institution, board of directors, Luther F. Symons, state banking explained here today. don't lieve depositors will anything this said. of bank Symons stated. "The banking to the directors of the bank that liquidate its think was good management by the directors to the The bank which an old of W. K. Frazier, of Van Buren. charge of the bank's affairs today. D. Richards president and Roberts, cashier, of the Matthews located about 12 east of Marion,
Click image to open full size in new tab
FROZEN LOANS CAUSE RUN ON THIS BANK Institution Is Closed, Depositors Will Not Lose Anything INTERNATIONAL NEWS SERVICE) Ind., May Frozen and caused by rumors causes of the closof the Farmers State Bank of Matthews, Ind., $170,000 instituboard of directors, Luther Symons, state banking explained today. don't depositors will lose anythis Symons said. of had stated. "The banking the rectors of the bank that liquidate think was good management by the directors to bank which an old one had of Frazier, Van Buren, in charge bank's affairs today. D. Richards president and Mary Roberts, cashier, of the located about 12 of Marion, Ind.
Click image to open full size in new tab
Late News Flashes cloudiness with probably THE late Saturday. Warmer tonight. showers beginning tonight or Cooler in north and west portion Saturday afternoon. RUMOR STARTS RUN ON BANK loans and run causIndianapolis, of the of the Farmers ed by were the causes closing rumors institution, by its State Bank of Matthews, Ind., $170,000
Click image to open full size in new tab
LEGION WILL HONOR LANDIS Run Closes Bank state which opens Saturday at the Hotel Deming ducted the Klee and Burkhart funeral parlors o'clock Friday MARION Ind., May afternoon by the Rev. Paul M. The American Legion's national ex- judicious rumors were said to be re Schroeder, pastor of St. Lucas Evanecutive committee at its closing ses- sponsible for runs on the Farmers gelical church. The body was taken sion today voted to bestow the dis- State bank at Matthews, Grant coun- to Calhoun, Ga., for burial tinguished service award of the or- ty, which resulted in the bank being Surviving are the widow Millie, ganization to Kenesaw Mountain closed today by Thomas Barr, deputy young son and daughter, the parcommissioner state bank the rebaseball The award is made annually by quest of the board of directors. AYER'S the legion. Landis, native of In- Pectoral WOODLAND Cal., May 17.-(AP)diana, third and the Two men dressed as laborers robbed Cherry tenth person to receive the award the Woodland branch of the Bank since was established. The other of Yolo of $13,716 yesterday They two Americans who have received HOSPITAL CERTIFIED escaped in sedan. the award are Gen John Pershing and Admiral R. E. Coontz The marriage of Miss Mae Good man, 521 Cherry street. to Samue Salm. 817 Adams avenue, took place Thursday morning at 10 o'clock Washington Avenue Temple Rabbi Jack Skirball officiating. Mr. and Mrs. Salm left later for New York and will return here to make their ents. Mr. and Mrs. George Mills. and Sindler are one son. Jacob F. Huber one brother of another Mrs. Bertha Callendar: four brothers: one Mrs. Sarah Higginbotham sister, four and two Mrs Sarah Higginbotham, 86, died great-grandchildren. at the home of her son, William, 410 Dresden street at 4:30 o'clock ThursMrs. Wilhelmina Richardt day afternoon Surviving besides the Mrs. Whilhelmina Richardt son are two daughters, Mrs. Alice died at the home, 1814 East Columbia Connors and Mrs. Janie Ford. both of this city, and nine street at 5:30 o'clock Friday morning Funeral have Surviving are the husband Ernest arrangements not two Louis and William been completed. both Chicago: three sisters, Mrs. Catherine Grund Mrs. Charles Wintenheimer and Mrs. both of Mrs. Catherine Grund, 64. West ville. and Mrs. Elizabeth Greiner of Virginia street, died at her home at Cleveland o'clock Thursday night Funeral Funeral arrangements have not services will be held from the been at 7:30 o'clock Monday with continued at o'clock St. Anthony's Catholic church Burial will be in St. Joseph She is survived by the husband Paul, sr: three daughters, Mrs George Rausch, Misses Anna and Catherine Grund and Paul,
Click image to open full size in new tab
LATE WIRE NEWS (Continued From Page 1.) PARIS, May 17.-Shortly after passing Valence at 3:05 m. today, Dr. Hugo Eckener, commander of the Graf Truck Trailer Burns Zeppelin, sent the following wireless message: Wtih a Loss of $8,000 'What is the best located landing field in this vicinity. Please advise ValWhile C. E. Roop, deputy oil inspecence garrison may be necessary to tor, was in Ingalls Thursday, he witland. Please have troops in readiness. nessed a disastrous fire there in which The French ministry of air has been a trailer attached to a large truck remaining in constant communication owned by the Dudlo Manufacturing with Eckener, and advised him to inCo. of Fort Wayne, was destroyed. Herform the ministry immediately if he man Wagner of Fort Wayne, the the needed help. driver of the truck, and was said to roadway and crashed into a large tree, MARION, Ind., May 17.-W. K. Frazier of Van Buren, took charge of the the trailer catching fire. Joseph DenFarmers State Bank at Matthews, 12 nis, another driver with the truck, was miles east of here today on behalf of seriously hurt in the accident. The truck was enroute from Fort Wayne to the state banking department after the St. Louis with a load of electrical institution had been closed due to a equipment, much of which was destroyrun. ed. The loss in the accident was estiThe bank failed to open its doors mated at $8,000. this morning at the request of the board of directors to Tom Barr, deputy state banking commissioner. No loss Funeral of Creek will be suffered by depositors, it was Victim Held Today said, as the run was due to unfounded rumors. NEW HAVEN, Conn., May 17.-A gunpowder explosion at the Winchester Repeating Arms Company plant injured three men, one perhaps fatally. today. Patrick Doherty was taken to