American State Bank (East Chicago, IN)

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GROVES CAUSES ALARM

Friends of County Treasurer Much Concerned Over His Disappearance

Some alarm was caused this morning the reported disappearance of Hazel the treasurer county prominent East Chicago left his home yesterday morning and seen only once or twice since then.

While his numerous friends in political business life optimistic the prospects his future, searches have been and office Sheriff Kyle, who has dozen deputies attempting to trace his movements during the past 24 hours. The possibilities of foul play not being overlooked. measure, the American State of East Chicago, Mr. Groves ident and majority closed its this morning called Examiner John Meyers well notifying office the state No concern felt present for either the bank county treasurer's office, since there had been the clared to solvent, and the direction office the hands Dan chief deputy Mr. Groves. Mr. the republican nominee succeed Groves in office, this morning assurances of the sound condition of his office, and among expressed confidence that Groves would First alarm felt yesterday when Mr. left home bound for an This when Mr. appear, the day report Cedar Lake on route He failed return home last his family, other officials the bank and friends. The bank was closed today temporarily on the advice of Mr. Meyers to allow an examination before its reopening, which doubtless will take place. Bank officials said this morning that the institution solvent. Mr. Groves one of the most prominent citizens the county, at completing his second term as county and having president of Lincoln club of Hammond, addition distinctions.

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President Found Amnesia Victim

EAST CHICAGO, Ind., Sept K. Groves, Lake county treasurer and president American State Bank of East Chicago who disappeared two weeks ago. returned his home last night, apparently victim of Amnesia. The American State Bank closed after the disappearance its president has been under examination state inspectors reported finding slight regularities its accounts. said no serious exists and the books of the Lake county treasury were declared to satisfactory condition.

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County Treasurer Returns, Apparently Victim Of Amnesia

East Chicago, Ind., Sept. Hazel Groves, Lake county treasurer and president of the American state bank East Chicago, disappeared two weeks ago, returned home last night, apparently victim of amHe said he could remember nothing since seen at dar lake hotel The American State bank closed after the disappearance of its president, and has been amined. said serious shortage the books of the Lake county treasurer were said to in satisfactory condition.

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Banker Declares,

Upon Return East Chicago, After Absence To Party, He Recalls.

Chicago, Ind., September Groves, Bank dent and County Treasurer, turned his home, but his disappearance much of mystery during the week gone. Groves, disappeared September 19, returned early today and sued statement, through his saying could remember nothing from Saturday until yesterday, when awoke in Peoria hotel. He refused to reporters, but had short conference with busiassociates, which said proposed merger of Groves's and another East Chicago bank was cussed. similar conference the merger which Groves failed to attend September 19, causing great alarm his safety. had been on way to the but did not and could not found. Wide search resulted clue reported seen Cedar Lake, Ind., resort the day after scheduled bank meeting. Then trace was lost. Fearing on the bank, directors of the American State Bank immediately

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BANKER RETURNS, BUT HIS ABSENCE STILL IS MYSTERY

Wakes Up in Peoria, HI., Hotel Almost Week After Vanishing From E. Chicago

EAST CHICAGO Sept. Hazel K. bank president and county treasurer has returned to his home but his disappearance mystery it during the he was who dropped out of sight returned early today and statement through his he could nothfrom Saturday until when he in He refused to reporters but held short conference at which the proposed merger and East Chicago bank was dis-

WIDE SEARCH RESULTS It was similar the to attend Sept. 19. for safety He had seen enroute the did not arrive and could not be search resulted in but reported Cedar Lake the after the scheduled bank meeting Then trace of lost. Fearing run on the of the AmeriState closed the the banking department to examine the The bank found to be in satisfactory despite Groves Lake county also examined and found be in good shape LAPSE OF MEMORY Groves his by he Cedar from the morning he awoke hotel He he got how there whether he in any other towns absence He had not robbed but still had awoke He called his Harry Springfield and latter him East Chicago bearing the license to Groves was reported today seen week from Peoria last time the license noticed in Canton was Wednesday

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MYSTERY TREASURER

East Chicago, Ind., Sept. K. Groves, bank president and county treasurer, has turned to his home but his disappearance is as much of a mystery as it was during the week he was gone. Groves, who dropped out of sight Sept. 19. returned early today and issued statement through his son saying he could remember nothing from last Saturday until yesterday when he awoke in Peora, Ill., hoHe refused to see reporters but held short conferenc with business associates at which it was said he proposed merger of Groves and another East Chicago bank was discussed. It was similar conference on the merger which Groves failed to attend Sept. 19, causing great alarm for his safety. He had been seen en route to the meeting but he did not arrive and could not be found A wide search resulted in but one was reported seen at Cedar Lake, Ind., resort the day after the scheduled bank meeting Then all trace of him was lost Fearing run on the bank, directors of the American State Bank immediately closed the institution and asked the state banking department to examine the books. The bank was found to be in satisfactory condition, despite "slight irregularities." Grove's books as Lake county treasurer were also examined and found to be in good shape. Groves' story, as related by his son, was that he suffered a lapse of party at Cedar Lake Sept. 20. He remembered nothing from the time of the paruntil yesterday morning, when awoke in a hotel room in know how he got to Peoria, how long he had been there whether he had been in any or other towns during his week's absence.

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Banker Returns, Reports Lapse Of Memory

EAST CHICAGO, Ind., Sept. (AP)-Hazel Groves, bank president and county treasurer, has returned to his home, but his disappearance much mystery as it was during the week he was gone. Groves, dropped out sight September 19, early Saturday and issued statement through his saying could remember from last until Prihe awoke in Peoria, hotel. refused reporters, but held short conference with business associates which was said proposed merger Groves' and another East Chicago bank was discussed. It was similar conference on the merger which Groves failed to attend September 19, causing great alarm his safety. He been en route to the but did arrive and could not be A wide search resulted in but one reported Cedar Lake, Ind., resort the day after the scheduled bank meeting Then all trace of him was lost. Fearing run on the bank. directors of the American State Bank immediately closed the institution asked Department to examine the books. The bank was found to be in satisfactory condition, irregularities books as Lake County also amined and found to be in good Groves' story, as related by his son, was that he suffered lapse memory after party Cedar Lake September nothing from the time of the party until Friday morning, when he awoke in Peoria. He did not know how got to Peoria, how long he had there whether he had been any other towns during his absence. He had not been robbed but still had money he awoke Friday. He called his brother, Harry Groves, Springfield, III., the latter brought him to East Chicago. An automobile bearing the license plates issued to Groves was reported Saturday to been several times in Canton, about forty miles from Peoria. The last the plates were noticed in Canton was Wednesday.

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GROVES CASE STILL MYSTERY

EAST CHICAGO, Indiana, Sept. prest- 27 Groves, bank has dent and but his disapturned to his home much of mystery the he was was during gone. dropped of who returned early today September 19. through his issued statement and he could remember saying from last Saturday nothing yesterday when he awoke Peoria He refused to hotel held short but which said. the proposed merger of another List Chicago bank discussed similar conference Groves failed to the merger which 19. causing great attend September He had been alarm for his safety the meeting but en route arrive and could not be not found search resulted in bu wide one reported Sedar Lake resort after the scheduled bank meetday Then all trace him run on the American State immediately the Bank tution asked the examine the department

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Bank Head Returns Victim of Amnesia Chicago, Ind., Sept. Lake county the American State Bank East Chicago, disappeared weeks returned home apparently victim Groves said he could remember Cedar Lake, awoke hotel State Bank was closed the their and been under and the Lake County condition.

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AMERICAN STATE BANK OPENS ITS DOORS TODAY

American of East Chicago opened doors ing for the time positors of than $200 sign time under which the bank East latter part of and ultimately sume the full deposit liability of the American formal statement from Thomas D. Barr, chief deputy banking Walter president of East Chiin last set forth the terms Mr. clared of depositors already the bank had accepted time certificates, and his optimism over the expressed of the depositors days the bank will night. Mr. volunteered time to take the American and pay off the depositors in full withdraw, but in the of protecting the cash of the State, Mr. As ternative that the banks the of or the savings $100 would agree to accept token of their money, of assets of the American State by the East Chicago State, and enable full ment deposits without the necesproceedings and of receivership consequent loss.

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AMERICAN STATE BANK OPENS ITS DOORS TODAY of opened doors ing for first time since positors of than $200 to time under which expects East latter part of this and ultimately sume the full deposit liability of the American formal statement from Thomas D. chief deputy Schrage, of the East Chicago State, in last Times set forth the of the merger. Mr. Schrage, the American State this clared number of depositors already into the bank and had accepted the time certificates, expressed his optimism over the depositors Judge Clyde Cleveland afternoon designated the Peoples which the bank will be open State bank the receiver for the day and defunct Peoples Co-Operative State Mr. volunteered bank of Deputy Attorney General E. Burke Judge and pay the depositors and for full the will receive the the interest of the cash tection the court in of the East Chicago and obligations as the liquidating Mr. Barr prevented this. agent. that the The Peoples immediately the assets of the Peoples account of $200 or Co-Operative, proceed to liquiand the depositors date them and pay out the depositors of $100 would agree to accept gradually as realization made on token of their the notes and other allow the assets ligations payable to the Peoples Coof the American State by the East Operative. In manner, payment Chicago State, and full of 100 percent on deposits will ment deposits the necesmade, although will necessarily of receivership proceedings and sity require little time pending the the consequent loss.

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AMERICAN STATE BANK OPENS ITS DOORS TODAY

The American State Bank of East Chicago opened its doors this mornIng for the first time since closweeks allow depositors of more $200 to sign time certificates, under which expects East Chicago Bank the latter of this the full deposit liability of the formal statement Thomas D. Barr, chief deputy state banking Walter Schrage, president East in last Times forth the the American clared that number depositors already the bank and had accepted time certificates, expressed his optimism over the prospect of most the depositors coming during which the bank will be open and night. Mr. volunteered some time ago State pay depositors in full withdraw, but in the protecting the reserve the Chicago State, Mr. Barr prevented alternative it agreed that banks would merge if checking account depositors $200 more and the depositors of $100 would agree accept time token of their money, allow the taking over of the assets of the American State by the East Chicago State, and enable full ment deposits without necessity of receivership proceedings the consequent