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Big Shortage Cause of Bank Suspension NOBI Ind., June 22. Citizens State Bank of Noblesville was today on Thomas State Bank discovof shortage of traced chief bookkeeper bank for years. Patterson was his at hotel effects poison. He had been money from the bank for several years.
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NOBLESVILLE BANK OPENS FOR BUSINESS NOBLESVILLE, Ind., July (U.P.) $47,000 of the of Omar Patterson, its who committed suicide, restored, The Citizens State Bank opened here today after having been closed since Patterson ended his life. Life insurance policies, real and sonal property and gifts Patterson made to friends, have been turned over to the bank reducing the shortOf the gifts, minister paid $10 for each of two speeches delivermany banquets given by terson, gave back the money, and $500 diamond ring Patterson gave woman has also been returned. young man who was given Masonic blem ring announced he will turn over to the bank.
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Ind., July well dressed bandits chain store here today and sight scores of robbed the proprietor of $500. The bandits escap- CLINTON, Ind., July the Clinton Trust pany here Saturday in which thousdollars the bank's seriously depletthe bank was closed today the the 16th bank failure Indiana since January 1st. NOBLESVILLE, Ind., July The Citizens State Bank reopened today reorganized institution but with its old President William Dunn. There no run the bank business normal. NEW YORK. July on the of York. Governor Smith took things today. easy The presidential nominee will start off political fireworks Wednesday, the Fourth of July, speaking engagement the meeting new voters in city hall here. BICKNELL, Juny the running board of automobile when crashed into another chine Johnny Gaugh, killed here. several companthe ions returning from swimming the time of the accident. July indicted for the murder of the police "couldn't find.' captured here this former Captain of Detectives John Stege Ind., July against 37 alleged bootleggers catered Purdue University dents Lafayette, made known federal Hamcourt mond today when for those indicted were issued.
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YERY SUCCESSFUL Large Number of Callers and All Were Depositors BANKERS WERE VISITORS Start Was Pleasing to All Officials of the Institution The Citizens State Bank, of this city, which was closed ten days on account of the $147,100 Omar Patterson, for years in the opened its doors, Monday morning, for the transaction of business under the most favorable auspices. The institution, following the reorganization last week, firm foundation and will go ahead along channel which the old bank for many years and which established confidence the people of the county in among very marked There were large crowds in the bank during the forenoon and estimated by one member of the bank officials that cent of them were making deper posits. Only one at the windows. Earl Baker, for years or more cashthe bank, back on his er old temporarily to help out. To most of the depositors face Baker is familiar one. Harry Craig, the cashier, was his old window and Harry Essington, also one of the old employees, was at his usual place. Those charge of the books were John Carey, Russell Fleming and Wesley Afflerbach, all of whom were the old bank. acting president the National Bank, ed on officials of the new stitution, extended tions himself as being the fact that the going in good bankers who visited the bank during the day Patterson, of the Indiana National Bank, Indianapolis; Henry Harry, H. Wieshahn, also connectwith the Indiana and and G. H. Muellatter, the American National Bank Mr. Mueller was enthusiastic over the manner which the local bank had been reorganized. have passed through dozens and experiences this kind, Mueller said, "but this about the affair have ever seen. You men here the situation glance, behind the new bank and they have started out fine. They are on they have This the situation was by Mr. Wainwright, stockholder the old bank and also in the new all that could be desired,' said Mr. W. Dunn, Walter Duckwall, John Dulin and other of the board of directors the new bank themselves being much pleased with the start that had been made the opening day. friend of the bank sent very large flowers and was given place near the window of Cashier Craig.
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BANK REOPENED AT NOBLESVILLE NOBLESVILLE, Ind., July 2-The Citizens State Bank reopened today as a reorganized institution but with its old head, President William E. Dunn. There was no run on the bank and business was normal. The bank closed its doors on June 22 after shortage of $147,100 was discovered in the accounts of Omer G. Patterson, 54, who committed suicide. Depositors suffered no loss as the stockholders subscribed the necessary money to reorganize the bank.
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NOBLESVILLE CITIZENS BANK RESUMES BUSINESS NOBLESVILLE. July 3.-(INS)The Citizens' State bank reopened today as reorganized institution. but with its old head, President William E. Dunn. There was no run on the bank and business was normal. The bank closed its doors on June 22 after shortage of $147,100 was discovered in the accounts of Omer G Patterson, fifty-four, who committed suicide. Depositors suffered no loss, as the stockholders subscribed the necessary money to reorganize the bank. SUES FOR PARTITION Edith Meadows filed suit for partition of real estate and personal property in circuit court Monday against Martha Ulam and others. The plaintiff asks that all real and personal property belonging to the plaintiff and the defendant, Martha Ulam, be sold and the proceeds divided. The plaintiff also asks that $75 be allowed for her attorney to be taxed as costs in the action.
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NOBLESVILLE OPENS FOR BUSINESS Ind., of the shortOmar Patterson, its bookkeepwho committed suicide, restored, Citizens State Bank opened here today after having been closed since Patterson ended life. Life insurance policies, real and personal property and gifts Patterson made to friends, have been turned the bank reducing the shortOf the gifts, minister paid $10 for each speeches delivermany banquets given by terson, back the money, and diamond ring Patterson gave young woman has also returned. who given Masonic emblem ring announced he will turn to the bank.
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For Generous Efforts In Citizens State Bank By request of the officers of Citizens State Bank, Will H. Craig has prepared the following article appreciation of the generous efforts all assisted in the the bank: said that every cloud has its silver lining. true that adversities their benefits and compensations. weeks this community shocked by the news the peculation of bank clerk and the closing the oldest bank the county. There tears, gloom and depression on every side, many stockholders, widows others that could ill afford the loss, were victims of crime by one who had long been honored trusted. But week of that sad day the clouds were rolled away. Instead of tears there were instead gloom there was light; instead depression there hope and confidence. The such tragedy are the operation understanding the people this comThere organized public spirit rarely seen any The man to save the Citizens State Bank from the hazards and losses long drawn out receivership with heavy loss to all concerned, except receiver and attorney. To the First National Bank has been the hands of receiver for two years. There notes and counts still uncollected the end not sight. With the Citizens State Bank all the business less than week and the bank was opened ten under the most auspicious circumstances. Monday was the banner business day in the history of the bank, nearly half million dollars were cleared through the bank that day. Around more deposits than out. of Fletcher AmerNational Bank and The IndiNational Bank here with "stacks of money" case of need, but not needed. There was not the the happens in such cases Instead the people there with their money to bolster old institution that they had patronized long. Credit for the salvaging of this looted bank not due any every citizen by person. money, talk or influence helped to inspire confidence the bank credit the who spent night and day adjusting due the thanks praise of cerned. To the banks who from the offered every assistance possible credit also But we must not forget the Indistate banking department. Four members of this department here part all time from its closing on June 22nd until its opening 3rd. They were Deputies Barr and Symons and Expert Accountants wood and Parrett. They had both heart and official interest this bank. From the first they said the bank must and would be saved and reorganized and swore by the eternal that no receiver should ploit assets. Inwood and Parrett did an immense amount of important work in week. They did limit themselves to eight hours day, labor unions would demand. worked twelve, fourteen and sixteen hours day. These men entitled to credit for their efficient, said the beginning there all our tragedies and adversities. this bank case in closer and more sympathetic co-operation of our citizens trouble; the development of kinder public