Rock Island Savings Bank (Rock Island, IL)

Episode Information

Episode UID
70012071581
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
7001207 routing
Routing Number
70-0120
Start Date
September 30, 1931
Location
Rock Island, Illinois (41.509, -90.579)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fd8a0e5863532f9a

Response Measures

None

Description

Run in Sept 1931 led to 60-day withdrawal restriction; bank later consolidated (Jan 1932) into Rock Island Bank & Trust.

Events (3)
1. September 30, 1931 Run
Cause
Local Banks
Cause Details
Run followed immediate closing of Central Trust & Savings bank and widespread rumors/disturbances affecting local banks.
Measures
Posted 60-day withdrawal notice for savings deposits; officers addressed depositors urging calm.
Newspaper Excerpt
The Rock Island Savings bank ... posted 60 day notice when it became evident that a run on the bank had started.
Source
newspapers
2. September 30, 1931 Suspension
Cause
Local Banks
Cause Details
Imposition of 60-day rule to protect depositors during the run sparked by nearby bank closure and rumors.
Newspaper Excerpt
posted 60 day notice when it became evident that a run on the bank had started.
Source
newspapers
3. January 9, 1932 Other
Newspaper Excerpt
Consolidation the Rock Island Savings bank ... into the Rock Island Bank and Trust company, which will open at Monday morning ... ratified unanimously by stockholders yesterday afternoon.
Source
newspapers

Newspaper Articles (10)
1. September 30, 1931 Quad-City Times Davenport, IA
Article from Quad-City Times, September 30, 1931

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ROCK ISLAND BANK CLOSES. TO HALT RUN Other Institutions Post 60Day Notices to Protect Depositors. One Rock Island bank closed its doors today and three of them posted 60 day withdrawal notices as the result of a run made on the banks early this morning. The Central Trust & Savings bank, Rock Island's largest institution, opened at o'clock and closed shortly afterwards as approximately 150 people filled the lobby to withdraw their savings. The bank had taken steps to meet the emerg. ency, but when it became apparent that the depositors were to be placed in precarious condition, the board of directors posted the notice on the door. Say Bank Solvent. The directors claim that the bank is solvent and that an audit will be The Rock Island Savings bank, located directly opposite the Central Trust, posted 60 day notice when it became evident that a run on the bank had started. President Hugh Curtis stepped on a chair in the lobby and addressed the 200 depositors who were seeking their money He said that his bank was solvent, that there was no danger of it clos-

2. September 30, 1931 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, September 30, 1931

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Financial Situation Is Climax of Crisis in Rumors and Series of Untimely Incidents Affecting Banking Structure. PAYMENTS ON SAVINGS ACCOUNTS STOPPED Appeal to Public to Be Calm in Emergency; Closed Bank Regarded as Solvent and Capable of Covering All Money on Deposit. Unfortunate circumstances developing during the past week in banking, resulted this morning in the closing of the Central Trust Savings bank of Rock Island by order of its board of directors, and the imposition during the morning of the restriction requiring 60-day notice for withdrawal of savings accounts by the Rock Island Savings bank, the State bank of Rock Island and the Manufacturers Trust & Savings bank. At o'clock this afternoon officers of the ManufacturTrust bank announced its board would meet later in the afternoon to discuss its future policy and to determine whether or not it is advisable to attempt to continue the operation of its commercial department under present circumstances. Immediately upon the opening of the banks this morning, runs developed, and within minutes after the opening, the officials of the Central Trust Savings bank ordered business suspended. It was stated by officers of the Central Trust bank that action in closing the bank was taken for protection of depositors, and that the bank will liquidate in full its obligations to depositors. This statement was supported by the view of representatives of the office of Oscar Nelson, state auditor of public accounts, who immediately assumed charge of the bank for an audit and examination. The other three Rock Island banks enforced the 60-day rule during the height of the run this morning. Merchants to Honor Checks. Following the orders restricting this mornof representative Rock Island merchants ing, a group made public announcement of their willingness to accept checks against savings accounts in Rock Island banks in for merchandise purchases. These merchants payment unqualified terms declared their confidence in the security and stability of Rock Island's financial houses, and urged the public not to become disturbed by the developments of the day. In Moline and East Moline the banking situation today ported be comparatively calm. Officials Peoples Savings Bank Trust the Moline company, State Trust Savings bank and the Bank of East Moline anState nounced that they had imposed restrictions withdrawal Davenport the Union posits. bank continued meet Savings withdrawals, while steps for the the American Savings Bank Trust company, which yesterday adopted 60-day notice rule on savings and commercial deposits, were under way with of Bettenthe naming dorf chairman of the board. Incidents Disturb Public. The climax of the disturbance the banking situation in Rock land today came after succession developments that unsettled the public mind many instances. Last the Savings bank Moline hill district voluntarily closed and placed its affairs control the audioffice. The suicide two days later of Walter Hanson, assistcashier the bank revelation that the audit disclosed of about in On the heels of this came the closing the State bank East Moline. imposition 60-day notice requirements by the bank about deposits, was one the final the background and depositors of Rock Island banks. the rectors the Rock Island banks had all to large cash supplies meet the situation day. brunt the run the beginning of the Central Trust and bank, and its had placed for its the hands of the board's tive Bankers the and city the imposthe 60-day notice ings been agreement reached for concerted action. Close After 10 Minutes. Five minutes before this morning there were half dozpeople the sidewalks near the entrances the Central Trust bank. o'clock there were 150 and 200 depositors the lobby of the bank. with withdrawal of funds, chiefly savings accounts. The committee of the directors five minutes after minutes later had ordered business suspended. Patrolmen Charles Miller and Thomas the Rock police department were hand the bank, and the quest of the bank officials took over the task of clearing ately banking house all except the doors employes. were closed. Groups of people gathered the sidewalk. No turbance developed, and many waiting the bank windows withdraw money declared loudly that they approved of the bank, and were not worried their deposit. Checks money on torn up. Crowd Attracted. Instantly word flashed over thousands of telephone lines through city, and within half an hour the streets near the Central Trust were jammed with people and automobiles, and run large was other banks, the Rock Island Savings bank which occupies quarters directly across the street from the closed Central Trust. 150 and 200 tomers and banking room of the Rock Island bank. Many departed withdrawing funds after discussing the situation with officers the bank. At Manufacturers Trust bank there unusual crowd any time, but there steady of savings, and the directors less than an hour determined that situation quired imposition of the restriction withdrawals savings. Typewritten notices

3. October 1, 1931 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, October 1, 1931

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CONFIDENCE BANKING SITUATION REFLECTED AS EXCITEMENT PASSES Hysteria of Yesterday Gives Way Quickly in Rock Island as Public Shows Desire to Preserve Business Structure of Community. RUN ON DAVENPORT BANK BEGINS TO EBB Deere Co. Issues Statement of Confidence in Peoples Savings Bank Trust Company; Moline State Bank Applies Notice Rule. Hysteria and excitement which created turbulent day in quad-city banking history yesterday had disappeared in Rock Island today and was dwindling in Davenport. In Moline the 60-day rule was imposed by the Moline State Trust & Savings bank. Those persons in Davenport who could not be dissuaded from withdráwing their deposits at the Union Savings bank, Davenport, transacted their business to strains of lively music by an orchestra stationed in the bank. Business men, churchmen and civic leaders talked to the crowds and urged a calm view of the situation, and assured skeptical depositors that there was no occasion for alarm. In Rock Island the examination of the Central Trust & Savings bank, occasioned by the voluntary closing yesterday to protect all depositors, was begun under the direction of Jaeger, examiner in charge representing Oscar Nelson, state auditor public accounts. Normal activities in progress at the three other Rock Island banks which yesterday imposed the 60-day notice rule for withdrawal of savings deposits, the Rock Island Savings bank, the State Bank of Rock Island and the Manufacturers Trust & Savings bank. None of the excitement of yesterday was in evidence. Deere Co. Statement. At Peoples Savings Bank Trust company, Moline, persons who entered the banking house handed copy of statement signed President Wiman Deere Co. The statement presses the confídence of Deere Co. the soundness the Peoples Savings Bank Trust announces that Deere the extent of its power and ability, with the cooperation othdepositors, will aid and support the bank." Nearby Iowa communities felt the effect of banking velopments of the last week, when the Peoples Trust Savings bank Clinton, DeWitt Savings bank DeWitt, and the Union Savings bank of Wilton, Iowa, closed, and the bank nounced would require 60-day notice deposit withdrawThe First National bank of business usual. The City bank of Clinton revoked the requirement for 60-day notice of it ready to pay all depositors. Statement by Hallgren. the Trust and bank held ference late after the close of for the day, lowing which Carl issued formal statement follows: Manufacturers Trust and bank in for the purpose of taking over the deposit liabilities bank that had been closed, and for the tection the that Every depositor paid in full. sound carried on its business servative and businesslike "Unusual which vailed yesterday the height of the the closone Rock Island bank quired careful analysis and sideration. directors agement the Trust Savings bank felt that necessary carefully measeffect the developments of the day, in order determine whether further restrictions were necessary full protection of depositors and best interthe community. happy to announce that after the careful and thorough analysis situation, judgment that there no reaany further measure than the requirement the 60-day tice as provided by the state banking for withdrawal savings Manufacturers Trust and Savings bank in position to tinue normal activities, and will continue to serve its customers usual. are gratified by the general expressions confidence and believe that that the public has given calm thought to the will realize that there occasion fear alarm, that measures which have taken for the protection best interests of the depositors the community. "No depositor has ever lost penny of in Rock Island bank in the entire history of the Rock Island depositors who called to sign the notices were shunted from the main banking rooms to private established the They were greeted of the bank talked the situation calmly with them. Very notice of of the amount of deposits. Most of those signed did arrange meeting current and limited the notice to sums estimated actually needed for such purposes. deposits were to the volume greater. Officials reported number of new accounts opened with substantial deposits. Explain Banking Process. handling this situation the best judgment have the welfare of depositors and bank officials told savings account depositors. shall endeavor to impose no hardships there any way avoid them. The banks sound depositors need have no alarm, but bank immediately cash the full amount of its posits. All money deposited us not kept in the vaults. has been loaned perfectly sound security the ordinary course business. The people who borrowed from the banks agreed pay and but they have not many cases tracted to back they rowed in days in six months. Ordinary cash requirements always met, but every depositor be paid full amount deposit 60 because loans made sound can not be collected that In almost all instances the planation the fundamental proof banking the assurance bank officers that depositors need worry ness the banks. resulted in limitation notices normal needs. Those who withdrawal few number. houses accepting savings account checks in Rock (Continued on Page Nine.)

4. January 9, 1932 The Dispatch Moline, IL
Article from The Dispatch, January 9, 1932

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Will Start Business Monday; Stockholders Ratify Consolidation. Announced Earlier in Week Approved; To Move Tonight. Consolidation the Rock Island Savings bank, the Trust and Savings bank and the closed Central Savings bank into the Rock Island Bank and Trust company, which will open at Monday morning the building heretofore known Central Trust, ratified unanimously by stockholdat yesterday afternoon. Members of the board of directors elected follows: vice president Illinois Oil company; Harry Cozad, president Casualty company; Hiram Cable, banker and former chairman of >board of Rock Island Savings bank; Hugh Curtis, president of bank; Gerald Falder, president Midway Oil company; John Hauberg, president, and Denkmann; Morris Heagy, and former chairman board of Central Trust and ings bank; Edward Krell, vice president trust officer of the bank; Walter Klockau, proprietor Klockau Auto works; Lachner, physician and surgeon; Charles Larkin, president, Rock Island Sand and Gravel company; Leon W. Mitchell, vice president, Rock Island Stove company; Louis merchant; John Potter, vice president of the Potter Ben H. Potter, Potter company; Walter board Rock Island Bridge and Iron works; Oscar Smith, ager of Fries estate; Martin of Horst and Strieter company; members firm of Stafford and Schoede; Kenneth Sturtevant, of Sturtevant Ice Cream Dr. George Wiggins, physiand surgeon. Elect Officers. This morning at 10 the newly elected directors met and elected officers follows: Chairman of the Hauberg. Curtis. Vice president and Johnston. Vice president and trust Edward Krell. Vice Litten. Secretary of the Schoede. Appointments were made of the following executives: and assistant Osterman. Assistant WilW. Christensen, and Gilloley. Assistant trust Mangelsdorf and Frank M. Brown. State Examiners Present. Jaeger and Mark chief examiners of the office Oscar Nelson, Illinois state auditor public accounts, were in Rock land today and remain through the final legal steps to make the consolidation effective and take the charters of the four banks. Last night state auditor's their control of the affairs of the Central Trust bank to the new Rock Island and Trust The state officers have been in of Central Trust since tember Oscar Nelson, state auditor, is in Rock Island tomorrow pected for the state the formally approve for consolidation proceedings and the certificate of The legal step in making the effective be taken Monday when the of consolidation will tificate record in office placed County Recorder Sam Ryerson. Move After Midnight. Moving the physical effects of of the Rock Island Savings and Manufacturers Trust probably delayed till after midnight tonight. The banks will observe the hours from this banking after the ning. hours, the bank forces banking the of prepare commercial depositors, ready for customers Monday morning. will several hours, the work require will be delayed until late moving early in the morning. night Demonstration Planned. demonstration to be Plans for the the retail bureau the staged by Chamber of Commerce Rock Island when the bank opens have Monday The opening will and greeted (Continued

5. March 18, 1933 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, March 18, 1933

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OF OPEN TUESDAY (Continued from First Rock Island Bank Trust company Confidence Restored. Authority for reopening of the State extended ferences Thursday and Friday in Chicago, the bank's situation havfederal thorities, the federal reserve bank, and Chicago bankers well State Auditor Barrett and his advisors. When directors of the State bank concluded that would not necessary make use the agreed restriction on per of deposits, approval of immediate lease was given the auditor and view the directors dorsed by banking experts of cago. explained by officers of the State bank that changed conditions due national situation, and the new currency issue, well the sound condition the bank, had removed necessity for deferment of the per cent of deposits. Public confidence banking stitutions reopened under permisstate national authorhas been restored and need of general restrictions on activities been removed result. loyalty depositors evidenced by their signing the agreement defer the 50 per cent of itself facdetermining that such strictions are not necessary, stated. Officials of the State bank, in nouncing the permit to reopen, pointed out today that has been policy of both state and federal authorities, as indicated by announcements of President Roosevelt and State Auditor Barrett, permit reopening of only those which in such condition that they can remain open and meet the of positors. the experiwhen banks reopened has been have ceeded the public action being renewed confidence. regardState bank. its statement analyzed by number Chibankers and officials, they expressed themselves of the State bank regarding the institution standing condition. compared to banks generally in Illinois. This noon large number of employes went on duty the State bank prepare for reopenthe task mean working day and night through today, Sunday and Monday. Accumulated two months had brought date, ledgers being posted, deferred for deposiare being made ready. Statements Issued. the opening of the bank were made day by Floyd Thompson, who nection with local banking situations, President White of the Chairman Popplewell the citizens' mittee which conducted the successful campaign depositors' agreements in the program for opening the Albert president the Rock land chamber of commerce. Their statements appear elsewhere.

6. May 16, 1933 Quad-City Times Davenport, IA
Article from Quad-City Times, May 16, 1933

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trust department of the Rock Island Bank and Trust company be the next days, Edward Barrett, state public stated this Hays Britton, today. Mr. Britton for Moline State Trust and bank has been active re-opening Rock Bank Trust Co. Mark Waggoner and three sistants from the state auditor's office returned Rock Island the clerical work attached the reopening trust department. will before this plished.

7. August 3, 1933 Quad-City Times Davenport, IA
Article from Quad-City Times, August 3, 1933

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ISLAND Record of Seven Weeks' Campaign Taken to Springfield. The report of the campaign to obtain depositors' agreements reopening Rock Island Bank and Trust company, which failed to reach its goal, today the hands State Auditor Edward Barrett Springfield. What action will be taken, any, keep the institution out of the hands the receiver, depend the decision of the state auddepositors, and interested the welfare the eagerly awaited word from field. In conference with the state audtoday Herbert Pemberhis special representative campaign; State RepresentaThomas Sinnett, and Britton, special counsel the auditor. The three left day night for Springfield the report.

8. August 7, 1933 The Dispatch Moline, IL
Article from The Dispatch, August 7, 1933

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Blood Clot in Artery Proves Fatal; Death Shock to Community. (Continued from Page another operation. Blood sitating resorted to after transfusions were the second operation. The mayor and was believed to be on rallied the way to recovery. The body of Mayor Hodson will state in the Knox chapel, from until this Rock Island. evening and in Central Presbyterian church from until tomorrow afternoon. Knight Templar cort will stand guard at the church. will be held the church afternoon. The Rev. Moore of the Central church and the Rev. Edward Williams of Broadway Presbyterian church will officiate. Burwill be in Memorial Park cemetery. Masonic rites will be conducted at the grave. To Hold Special Election. Isador Rock Island attorney, said today that the mayoralty vacancy will have to be filled special election within six months. Herman Brown, alderman from the Second ward, actmayor. Became III in June. Mayor Hodson had hardly any more than just started his duties mayor of Rock Island when he suddenly became ill. In entering the office of mayor, Mr. Hodson had background of municipal service, having been member of the city council representing Sixth ward for three years. He was member of the finance committee when an alderman. In campaigning for the office of mayor last spring he advocated plan of relieving the city of its In the republican primary he defeated five candidates, George E. George Schmidt. Ray E. Summers, John Gruske and Le Roy Dehler. Mayor Hodson won the subsequent election. defeating his democratic opponent, Frank Meenan, also former Sixth ward alderman, by margin of 2657 votes. Mayor Hodson was inaugurated on May Six weeks later, June 12, he became ill. Throughout the recent campaign to bring about the reopening of the Rock Island Bank and Trust company. Mayor Hodson, although confined most of the time, took tive part as year he was of the group that obtained capital to bring about the reorganization of the bank. Born in Nebraska. Mr. Hodson was born in Wayne, Neb., Jan. 1893, son of John and Sadie Hodson. In 1900 he companied his family to this munity. They resided on farm south of Milan for four years. MayHodson had resided in Rock land since 1904. He Rock Island public schools On Sept. 11, 1915, he married Miss Dorothy Coyne in Rock Island. Since 1916, Mayor Hodson had been engaged in the automobile in Rock Island. Prior that time he had been employed as truck driver. He started business for himself in the Negus barn, 1219 Second avenue. For five years he handled the Studebaker line. conducting garage which offered day and night service for all kinds of repairing. In 1930 he appointed local agent for the Nash motor company. At present the garage is located at 1512 Fourth avenue, Rock Mayor Hodson was member Rock lodge and M. and of Rock No. Knights Templar. He was trustee of the Central Presbyterian church, Rock Island. Surviving are the widow; daughter, Miss Virginia Hodson: two sons, Paul and Gary Foster; his mother. Mrs. Sadie Hodson of Rock Island: two brothers. Ralph Hodson of Princeton, and John Hodson of Burlington, Ia., and sister, Mrs. Iona Peterson of Port Byron. Mayor Arp's Statement. Mayor Henry Arp of Moline today issued the following statement when informed of Mayor Hodson's death: deeply grieved to learn of Mayor Hodson's death. He had in every way with our city in problems which affected Moline and Rock Island alike. He established friendrelations between the two cities and his death is great loss to ourand this city as well to the of Rock Island." and Mrs. George A. Ellis and Mrs. Harry Ellis. The Ellis baseball team defeated the Kindelsberg team in game yesterday afternoon. The score was Miss Dorothy Christopher of Newark, N. has arrived for weeks' visit with her mother, Mrs. Lydia 1913 Fifteenth street She made the trip by airplane. Mrs. Bennett, 2415 1/2 teenth avenue, Rock Island, accompanied by her houseguest, Miss Marjorie Harris of Rialto, Cal., returned this morning from week's visit to the Chicago world's fair. Mr. and Mrs. Ivan V. Kinney, 1536 street, Rock Island, left yesterday for an vacation at Balsam Lake, Wis. George Loge, 1315 street, Rock Island, entered the United States Veterans' hospital at Hines, Ill., for treatment, last Saturday. Mrs. Mina Davis of Burbank, Cal., arrived in Rock Island Saturday spend few months with her brothand Mr. and Mrs. Oscar Boughton, 4008 Eleventh street, and her nephew, Roy Boughand his mother and aunt 1232 Nineteenth street, Rock Island. Miss Sylvia Kanter, 1120 Fifteenth avenue, Rock Island, who has been in Chicago the last five weeks visiting and attending the world's fair, has returned home.

9. August 7, 1933 The Dispatch Moline, IL
Article from The Dispatch, August 7, 1933

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MAY CHOSEN Auditor Says Action Is State Slated for Today; Further Time. Dispatch Special Service. Rock Island, teleAug. phone from State Auditor Edward Barrett's first assistant late Saturday, State Sinnett was notified Thomas that receivership for the Rock Island Bank and Trust company was to be instituted today. edict as surprise to came Mr. Sinnett, Hayes Britton, Pemberton and Chairman Herbert of the citizens' and Paul Dahlen committee, for although depositors' definite extension of time was no granted by the auditor's office upon the receipt the first report of Chairman Dahlen and commitit was hoped that tee last Thursday, additional few days, at least unan this week, would be Thursday allowed by Auditor Barrett for final effort to secure the depositors and stockholders' necesto the bank under the reopen auditor's plan. late hour today no definite At word from the auditor ordering the closing of bank had been ceived, due probably to the insistence of Mr. Sinnett that receivership action be deferred in the interests of the community until conference could be arranged and final supplemental report be filed. so much work having been done and so much accomplished, ceivership for the Rock Island Bank and Trust company now, without few days more of grace in which attempt to complete job, would be indeed for the declared Mr. Sinnett at his office today. "We are so close to the goal that seems impossible that we are to fail now. am sure that if can secure an audience with Auditor Barrett that can bring home to him the seriousness of the local

10. August 9, 1933 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, August 9, 1933

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GAINS DELAY BANK RECEIVER (Continued from holders who have not signed were available workers today the Rock Island Savings bank building, committee The stockholders list was released after noon by Chairman Dahlen. The adjourned meeting of stockholders scheduled for morning at o'clock at the Rock Island bank building will come to order, but in view the present situation journed until later in the month. Whether it will be necessary then, of course, depends upon whether the bank to reopen under the auditor's plan. Pay Honor to Dead. At the outset of this morning's meeting, one of the most largely attended meetings ever held in the history of the city in connection with civic enterprise, there was brief memorial in tribute to MayClarence Hodson, H. Bowlby and William H. Collins, three men always in community who have been recently taken by death. Chairman Paul Dahlen asked that those present, thronged the big ball room and good portion of the mezzanine floor of the hotel, give expression to the community's debt of gratitude for the service of these men and recognition of the inspiration of their loyal efforts for those engaged in the bank campaign. Mr. Dahlen called upon Ray Wilson for brief eulogy to Mayor Hodson. Mr. Wilson recalled that when the Rock Island Bank and Trust company was organized, Mayor Hodson in his place of business posted big banner with the legend, Rock Island Bank and Trust must be opened." Men, said Mr. Wilson, are measured, not by their years, but by the fullness of their lives, and the opening of the Rock Island bank, declared, would be finer tribute and more to the liking of the mayor than any block of marble or other monument. At the suggestion of Mr. Wilson the audience stood moment of silent prayer and Rev. Vance voiced brief prayer for courage and success in an effort for the community Raymond R. Walker spoke inspiringly of the status of the campaign, showing that waivers for $350,000 more of deposits are needHe reported stockholders have signed agreements covering of the $450,000 of stock assessment, about 70 per cent. Mr. Walker tersely contrasted effects of receivership and reopening of the bank under the auditor's plan. Urges Drastic Measures. M. Sexton, declaring the campaign had been conducted with too much too much tience, and too much kindness toward those holding out, declared in favor of "giving those who won't join in this movement limited time to Mr. Sexton declared that in his 70 years of residence in Rock land he had never known of so big and effectively handled an enterprise for the community good. He asserted that he is not pessimistic some about the success of effort, but believes blunt and energetic methods. "I'd tell these obstructionists. the who stand in the way of forward movement, just what they look like to he said. "These people don't won't their do not care anything about your interests. was suggested by Mr. Sexton that may find way to stitute proceedings in court of equity to compel the same distribution to hold-outs to the 14,000 other depositors. He said he believed the auditor should order that there be no larger payment to than to others. Mr. Sexadmitted that the general view that such an order cannot be sued, but said that he had seen lot of things done which had been characterized as things. (He proposed that in any event those who do not sign should be compelled to wait 60 days under the saving account before they get any money, while of us enjoy the benefits of our 25 per Mr. Sexton's view, the outburst applause indicated, met with hearty approval of the hundreds depositors present. Chairman Dahlen for the committee asked that threats or prisals be indulged in means signatures to agreements. The committee, he said, could not be held accountable for such instances one reported threat, by phone, that depositor's home woud bombed did not sign the agreement. Mr. Dahlen urged every proper influence to obtain signatures be exerted, and that the community, by taining 100 per cent of depositors, place itself in position to demand of the authorities permission for reopening of the bank. He said it is very possible that the only chance for reopening the bank will be full 100 per cent of signers on agreements. job squarely up to after he said, "and if we establish position can demand action. Halted for Funeral. As tribute to Mayor Hodson, was ordered by Chairman Dahlen that the be closed from o'clock this and he requested that the team workers and volunteers in the final drive refrain from any solicitation this afternoon during that period. after the meeting the hotel, of the in the former Rock land Savings bank building was jammed with volunteers, seeking information as to identity of hold-