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CLOSE HOOSIER BANK ! AFTER TWO-DAY RUN EVANSVILLE, Oct. 17.- State Bank Examiner Wicker Monday night refused to make any statement as to when the Farmers Bank of Newburg would be reopened, the bank having been closed Monday by the examiner after a two days run Friday and Saturday last week. The examiner also refused any statement as to condition of the bank's books. The Newburg business men saved the bank Saturday when they advanced money to meet demands of depositors.
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ASKS RECEIVER FOR BANK. BOONVILLE, Ind., Oct. 20.-Petition for a receiver for the Farmers Bank of Newburg, near here, has been filed by Charles W. Camp, Indiana bank commissioner. The bank is a private institution with a capital stock of $10,000. The petition alleges insolvency. Cashier Hulverson is missing. A majority of the stock is owned by Jorgen Olsen, a North Dakota banker.
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SEEK RECEIVER FOR NEWBURG STATE BANK BOONVILLE, Ind., Oct. 20.Charles W. Camp, state bank commissioner, yesterday filed a petition here for a receiver for the Farmers' bank of Newburg, this county, a private bank of $10,000 capital. He alleges that the bank is insolvent and asserts that Cashier Hulverson is missing. Jorgen Olsen, a North Dakota banker, is said to own a majority of the stock of the Newburg institution.
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speakers who addressed visitors at the thirty-second annual convention of the Indiana Federation of Clubs, held here. Shelbyville.-Hog cholera, which has been raging in Shelby county, with a large loss to farmers, is believed to have been checked, the county agent has announced. L. Megee, who lives near Boggstown, says he has sixteen hogs left out of 100. Some farmers lost all their hogs. South Bend.-Paving prices in South Bend suffered the greatest de- cline in the last seven years when a South Bend construction company re- duced the quotation for asphalt from $3.50 a square yard to $2.80. The com- pany announced the reduction was made to encourage city improvements, and thus provide work for many men who are idle. Indianapolis.-Forty-three thousand dollars in Liberty bonds have disap- peared from the Farmers' bank of Newburg, Charles W. Camp, state bank commissioner, said. A. H. Hulverson, cashier of the bank, also has disap- peared, Mr. Camp said. A receiver is to be appointed for the bank on peti- tion of Commissioner Camp, who closed the institution. Martinsville.-Proceeds from the sale of Ayrshire cattle, Percheron horses and Berkshire hogs at the Ravinia farm on the Gossard breeding estate, west of Martinsville, amounted to more than $50,000. Nearly sixty head of Ayr- shire cattle brought more than $25,000. Forty registered Berkshire hogs aver- aged $331 each, which is said to be the highest average price paid at any sale in America this year. Petersburg. Roasting ears are still being sold by truck growers near Pe- tersburg, retailing at 40 cents a dozen. Although there have been a number of light frosts in the locality, little damage has been done to vegetation, and tomatoes on high ground have es- caped. Sweet potatoes have not been damaged and are still growing. The crop is the largest in years, some growers having more sweet potatoes than they can market. Indianapolis.-Wardens of the state conservation department arrested 130 persons, charged with violating state fish and game laws during September, George N. Mannfeld, superintendent of the division of fish and game, an- nounced. Conviction of 123 of the 130 persons was obtained. Convicted per- sons paid fines and costs amounting to $2,644.05. In September, 1920, 86 ar- rests were made, with the conviction of 80, who paid fines and costs amount- ing to $1,837.60. Indianapolis. Mrs. E. C. Rumpler of Indianapolis was unanimously elect- ed president of the Legislative Council of Indiana Women for the next two years, at a meeting in Indianapolis, Other officers elected are: Mrs. Ida Mix, Kokomo, first vice president; Mrs. White, second vice president; Mrs. H. C. Sheridan, Frankfort, third vice president; Mrs. Iona Jay Fore- man, Indianapolis, secretary Mrs. Ed- na E. Pauley, Indianapolis, treasurer; Mrs. Stella C. King, Indianapolis, as- sistant secretary. Indianapolis. A marked improve- ment in the conditions in the jails of the state was reported by representa- tives of the board of state charities at the quarterly meeting of the board. The board discussed the work of the department in regard to the condi- tions in the poor asylums and care of dependent children. Every jail in the state has been visited by representa- tives of the board and the opinion was expressed that the marked improve- ment in conditions is due to the fact that there is a very small jail popula- tion. The situation in the poor asy- lums, it was disclosed, has been bene- fited by the work of the county boards of charity. Decatur. The annual grind of the Decatur plant of the Holland-St. Louis Sugar company has started, giving em- ployment to 350 men on two 12-hour shifts. It is expected that the run this year will require 100 days. Beets have been planted in 10,000 acres in northern Indiana and northeastern Ohio, and from these beets it is expect- ed that at least 20,000,000 pounds of sugar will be manufactured. A new filtration plant was constructed last summer, which is expected to stop the pollution of the St. Mary's river, said to have been caused by the plant each fall. It cost $250,000. Indianapolis. Governor McCray has telegraphed Secretary Hoover, regard- ing the possibilities of meeting in part the unemployment situation in Indi- ana by state road work, that Indiana "could start $5,000,000 worth of work within 90 days, providing federal funds could be made available for its part of the contracts at the time the contracts were made." The governor said: "We have only $600,000 of un- finished federal-aid contracts. If oth- er money were available, it would be used for preparing roadbeds, building grades and resurfacing with macad- am or gravel. Concrete construction cannot successfully be done in Indiana
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MADE NEWBURG BANK HEAD. EVANSVILLE, Ind., Nov. 11.-Announcement was made Friday that Eugene Sargeant, of Newburg, hod been selected as president of the Newburg State bank, just organized. The bank, which will open for business Monday, will succeed the Farmers' bank. closed since the run on the institution several weeks ago.