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PRIVATE BANK IN RECEIVER HANDS Speculation in Grain Alleged to Have Caused Crash at La Rose, Ill. ALL DEBTS WILL BE PAID Father-in-law of Concern's Manager Says He Will Meet Accounts of Depositors. Larose, Ill., Jan. 27.-The Larose bank, a private institution owned and conducted by J. A. Simpson of Minonk, and his son-in-law, F. N. Rood, closed its doors yesterday. The latter had been in charge of the bank since its organization in 1896, conducting a grain business in connection therewith. The cause of the failure is alleged to be due to speculation on the Chicago Board of Trade by Mr. Rood. The deposits are in the neighborhood of $80,000. The liabilities are about $140,000. The deposits are in small amounts, principally by farmers in and around the village, and following the closing of the institution there was a general rush for the bank and a great deal of excitement and talk of violence, but the excitement cooled down. In the circuit court yesterday afternoon Harry Taggart of Wenona was appointed receiver of the bank. Mr. Simpson, who owns a number of farms and is worth a quarter of a million dollars, has pledged himself to pay all depositors in full.