Peoples State Bank (Ramsey, IL)

Article Text

UPHOLDS INDICTMENT OF

Ruling Sustains Six of the Seven Charges Against Ramsey Pair

TRIAL OCTOBER

(Special to The Herald) Thomas Jett sustained six the dictments against Robert president. and the defunct Peoples State bank Ramsey decision circuit court Ruling the seventh indictment withheld Trial of the former bank officers set for The had sought have quashed. They are charged with confidence game deposits when aware that the bank solvent and with obtaining personal property under false pretenDecision on the latter ment was withheld Friday by Judge Jett.

Another Hearing Sept. 22 Hunt and Smith are to have hearing Sept. connection transaction disclosed by Receiver Don of leged that Robert secured what amounted to loan of $30,000 from his brother. Hunt. in the presidency the bank H. Hunt given valued $30.000 Later the $30,000 cash received from the brother listed deposit and Hunt returned the securities the bank contends that both The the $30,000 deposit and the securities are classed among assets the Rep. Arthur Roe. representing the

Article Text

BANK RECEIVER SENDS OUT DIVIDEND CHECKS

Vandalia, Ill., June Conner, receiver for the People's State Bank of Ramsey and the Bingham State Bank announced this week that he had mailed out checks to the depositors of the Ramsey bank for 15 per cent dividend. This brings the total dividend paid up to 45 per cent.

He also paid 10 cent diviper dend to the stockholders of the Bingham bank. Depositors in the Bingham bank were paid in full without any stock assessment.