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MAY LOSE ALLA MULVANE FUND HAS CHANCE TO GUARANTY ESCAPE 1-4 MILLION PAYMENT. Hinges on Suspension Depositors' and Its Later Reinstateof Bank Which May Be Illegal. AND NEVER SHOT THE VIGILANTES. Feb. ago bankers of several Sumtowns decided to fight Vigilance committees An invitation was proposed. extended Mulvane residents and their They were given badges and arms and instructed in their new duties the meeting the bankers triends started for home was J. the Farmers State Bank of C. B. Lambe, cashier Valley State Bank of Belle proprietor of Art meat market at Mulvane: S. J. editor of the Mulvane Pat manager of light plant at Mulvane The men discussed bandits and all manner of plans to them In the car they carried high powered rifles. sawed of power was further reinforced by bright nickel stars Lambe was at Belle and the others went to Mulvan every man in the car in question has been affected by bank Mr. Lambe and Mr. Resecrants DOW are in the state for looting their respective banks and the other three Mulvane men lost all their savings the closing of the Farmers State The rifles, revolvers and badges rust. Two banks have been without any alarm be TOPEKA BUREAU THE KANSAS CITY fund escape paying the quarter of dollar loss caused by the loot. Farmers State Bank at Mul to today has been conceded the guaranty fund would be forced the loss to depositors. probability of escape from respon sibility on the part of the guaranty based upon the facts of guaranteed order effective the following cashier looted to that records refused that order pending the backed from statements and officially restore the before Peterson left Bone letter officials Mulbank the guaranteed But the question which now arises that, if the suspension of the bank were legal the mere fact that Bone letter to the Sumner County was not sufficient to restore It to the list The law prescribes how bank may enter the guaranteed list It must be done by formal application and formal record of The responsibility of the guaranty fund rests now upon whether Peterson the right to suspend the bank on one day's notice. held that months' notice is necessary to suspend There is a case now in the supreme court that will settle the legal tangle the same day Peterson suspended Mulvane bank he suspended bank Oswego. The two orders of suspen- sion were identical Subsequently the Oswego bank failed. The depositors contested the suspension order on the ground of insufficient notice. The case has been argued in the supreme court. and now is ready for decision If the Oswego suspension was legal then It is held the Mulvane suspension was legal. If It WAS legally suspended It contended It was not legally restored. and, therefore, the guaranty fund would escape the payment of the Mulvane