93e8acddFull suspension, Books examined
Other: Receiver appointed; bank building later sold to new loan company.
Click image to open full size in new tab
RUN ON GARNETT BANK RESULTS IN CLOSING Topeka, Jun. The Citizens State Bank closed today its board directors, the state banking partment was Gradual withdrawal deposits was given the reason closing. The bank had $25,000 capital: $305,000 deposits and Dooring president and officer of the Date deputy bank The bank operated under
Click image to open full size in new tab
LINK BANK Reports Say President Sold Holdings. Jan. here tonight indicated the oil interests of president of the Citizens' State had something to do with slow run which caused the board directors to close the bank this mornFor the last three weeks there has been run bank which had about 1,000 and about 000 in Included in the posits items the city of Garnett, Anderson County and the school district, totaling about The started after run tion of the January statement of the which showed was in good condition as it had been reports here noticed Mr. many of his holdings. The bank president was an extensive in Anderson County field. which shallow field. Recently the bank with from the Kansas state guaranty fund. Soon after this the city council served notice the bank officials they would be required post bond $75,000 the city would its deposits. Bank officials refused to post the The city council was to meet tonight is understood, was vote for of the funds from the bank. This believed to have had some bearing the action the directors in closing bank this morning assets said by Mr. Doering to have caused the Dale R. Ainsworth deputy state bank examiner, arrived tonight and will take charge of the bank in the morning. EXPLOSION STOPS MOTORIST. Fire at 513 Damage From Resulting Walnut Street Is $6,500. Ekel, mechanic living at Thirtystreet and State Line, crank his motor car front 513 Walnut street night when an explosion occurred and piece of plate glass window struck him. He ran down the street shouting "Fire!" blaze in the Firemen discovered of the Cash Hotel Supply basement Company. operated by Allen, 309 Damage to the conGarfield avenue. was the The origin of the blast undetermined. occurred there similar explosion about two years ago.
Click image to open full size in new tab
The Cole Bros. Store at Garnett Carried An Account in the Closed Bank. Garnett, Kas., Feb. Citito have made his leaving his escape, zens' State Bank was closed here 200 ignorant followers to fight and yesterday by action of its board of take their punishment. Roy L. D. Bone, state directors. The attack on the fortress was definance commissioner, was notified layed week because the princess and announced he would send an had refused to leave the side of her examiner to take charge at once. husband and the constabulary H. C. Deering, president of the forces feared she would be slain in bank, announced that "frozen asthe fighting. The battle today sets" had forced the action. He lasted several hours with the conblamed the agricultural depression stabulary forces using tear gas largely. Mr. Deering recently had bombs. been interested in the Monitor Oil and last week had sold his GHOULS UNEARTH Company interests in effort to head off the COFFIN BUT FAIL an impending bank crash. There had TO FIND GOLD been quiet "run" on the bank for about four weeks. Springfield, Mo., Feb. 2.-Rumors The Cole Bros. store at Garnett Brothers of the closing of the bank report was current in Garnett that all of the bank would be depositors paid in full. circulated for years in Niangua, Mo., that Calhoun Miller, who died in cently unearthed Miller's coffin in northeast of the little Webster town, proved fruitless county Monday unearthed the old fashMiller had been buried and discovered it hda been tampered with. However, the officers stated, there was nothing about the casket which might indicate that Miller had buritd with him. The casket any money with thin copper lining which fitted snugly inside. There was no "secret compartment" in the money casket. When Mliler died he left between $8,000 and $9,000 in cash and real estate to his wife. When she died three years later, she bequeathed the property to two relatives, to C. Grizzel of Marshcording field, who was executor of the estate. that Miller was miser story and that he buried money with him in absurd," Mr. Grizis, my opinion, zel said. "He alwyas had money posited in the citizens' State Bank at Niangua and loaned money many times to residing in and persons around Niangua." We give you the best prices on field seeds of any house in Southwest Missouri and we sell you the best seeds Money can buy. w1 Robinson & Son. Nicholas and Henry Rapp of Rockville were in Nevada on business afternoon.
Click image to open full size in new tab
NEW ENTERPRISE TO OPEN DOORS AT GARNETT Commonwealth Loan and curity Company To Occupy Citizens State Bank Bldg. new financial enterprise just been organized Garnett and will begin the transacting business few days. The the the enterprise Commonwealth Loan and Company, and will transbusiness in the building that occupied the Citizens State Bank. The new company purchased the furniture and tures this bank. The bank's receiver will tinue the building until its fairs settled. The organizers the Commonwealth Loan and Security Company are Cannon, Blair Cannon, Ralph Fraker, George Hunley, Cripe, Wycoff Gowdy, John Williams, President, Richmond State Bank; James Adams, cashier, and Williams, Polk Williams will be in charge of the enterprise. The the Commonwealth Loan and SecurCompany well known, and enjoy the confidence of those had dealings with