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ASK TEMPORARY RECEIVER FOR CITIZENS BANK Wabash Officials Silent on Charges Made by Examiners WABASH, Ind., Oct. 18.-Application for a temporary receiver, to be followed by a permanent receiver for the Citizens Savings & Trust Company here was to be filed in circuit court either late today or tomorrow, following an audit of the bank's books by state bank examiners, following the closing of the institution yesterday by the state banking department. Officials of the bank were silent, with no comment to make on any of the charges made by the bank examiners and none of the officials was allowed in the bank unless an examiner was present. It was reported that the bank had deposits amounting to approximately $400000 at the time the bank examiners demanded and received the keys to the institution. For the past two weeks there had been a steady run on the bank by small depositors who had heard rumors that the bank was attempting to sell its assets to the other two banks here, but that the sale could not be made without the stockholders agreeing to guarantee that there would be no loss to the buying bank. Stockholders are said to have refused to agree to this Now it is said that the stockholders will probably have to pay an assessment of one hundred percent on their stock, and that with this assessment, which is the full amount that they can be held liable for, depositors will only receive from 75 to 90 percent of their money. Bad loans and loss of business was generally given as the cause of the failure. It was generally believed that W H. Sharpe, former newspaper publisher here, would likely be named as receiver of the bank, in the event be would agree to accept the appointment. Mr. Sharpe about two years ago made an unusual record with a Lafontaine bank which was closed by bank examiners when he paid all depositors 100 percent and did not call on the stockholders for additional assessments. Joe Barrett was painfully injured yesterday when he was kicked by a horse which he had gone out in the country to get and bring to his home here. No bones were broken, however. Members of the Delta Theta Tau sorority will enjoy a beekstake roast this evening at the M. M. Moore cottage in Pleasant Valley. Mrs. E. A. Ford is chairman of the committee and is assisted by Misses Anna Engle, Josephine Burke, and Katherine Holderman. Mrs. Elizabeth Wilson will entertain members of the Rich Valley Ladies Aid Society tomorrow afternoon. Mrs. Carl Townsley will be assistant hostess. Mrs. David Freeze and Mrs. Esther Holderman were guests of friends in Huntington last evening. Mrs. Nellie Morris, who has been visiting at the Wim Smith home here for the past two weeks left for her home in Chicago today. Mrs. Julia Payne has returned from Columbia City where she visited at the home of her sister, Mrs. Lorin Hively Mrs. Ray Hipskind will be hostess on Wednesday afternoon to members of the Duo Decum club. Mr. and Mrs. Robert Dalton have returned to their home in Elkhart after spending the past two weeks here guests of Mr. and Mrs. Mark Green. Mrs. S. W. Straughn and her son, Major Hugh Strughn who is here on a furlough, left today for a two week's visit in Cincinnati, Ohio. Mr and Mrs. Warren Speicher have gone to Bay View, Mich., for two week's visit. Mr. and Mrs. Milo Kitson of Syracuse, Mr. and Mrs. Harley Arnold and Mrs. Nora Craft spent yesterday here at the Petit Craft home. Miss Marvel Walrod entertained at her home here last evening with pienic supper honoring Mrs. C. A. Anderson of North Manchester. Miss Rose Coate, assisted by her sister, Florence Coate entertained members of the Neighborhood Club at her home. Those present were Misses Bess and Lou Baer, Margaret Plummer, Mildred Adams, Esta Sprinkle, Nelle Smith, Carrie and Fanny McCarty, Mrs. F. J. Harvey and Mrs. Ira Downey Mr and Mrs. Bert Fisher have returned to their home here after a short visit at the Ben Piper home in Mr. and Mrs Roy Shook and children returned home today after visiting at the Wayne Miller home in Mrs. P. C. Stineman will entertain members of the Good Will Bible class on Thursday afternoon Members of the Huntington street Embroidery club will meet Friday afternoon at the home of Mrs. E. L. Miller on Adams street. Mrs. John Shambaugh will be hostess tomorrow afternoon to members of the Progressive Community club. The members of the Charity Circle will be entertained Thursday afternoon at the home of Mrs. Ernest Hettmansperger. Mr. and Mrs. Fox are spending the week with relatives in Indianapolis. Mrs. Harriet Rigdon left today for Washington, D. C., where she will spend the next two months in national D. A. R. defense work. Mrs. Ina C. Ply has returned to her home here after spending the past several weeks with her daughter in Fort Wayne. Mr. and Mrs. J. A. Selle and Mr. and Mrs H. D. Newell left today for two week's motor trip through Iowa. Mrs. I. D. Bennett and Mrs. J. H. King of Chicago and Mrs. John Yearer of Hammond are spending the week here at the home of Mrs. Chester Small. Mrs. George Yarnelle has returned from Bloomington where she was a guest for the past week of Mr. and Mrs. W. H. Thom. Dr. T. Biggerstaff left for Kansas City where he will attend an international medical meeting Mr. Gordon Watson and son have returned from two month's stay in Kalamazoo, Mich. Mr. and Mrs. George Parks entertained number of relatives at a family dinner at their home yesterday.
