85a128fcFull suspension
Other: Receiver appointed and liquidation/ dividends paid later.
Click image to open full size in new tab
COUNTY MONEY SAFE Morris county will lose no public funds as result of the of either the Wilsey or White City state banks this week. Wilsey had about $5,000 of county money on deposit which is protected by 4th Liberty bonds. The Farmers White City had deposits which is protected by municipal bonds. In both stances the public money be recovered County Clerk Owen states.
Click image to open full size in new tab
WHITE CITY BANK STAY OPEN TODAY Forced Withdrawal of Surplus By Patrons Current Needs Depleted Reserves Fear that the face of four other bank the jeopardize the interests of depositors influenced the Farmers State bank of White City to close its doors this morning. It makes fifth bank in Morris county to close within month. "Our assets amount to $2 for every one deposit, and confident that all patrons will be paid in full," Alvin Gates, cashier of the bank, stated the phone today could have gone ahead longer but by could protect our depositors better decision to close the bank after directors held after the opening hour this Mr. Gates E. Von Trebra, deputy bank who has been in charge of the defunct Home State at Junction City, is ing up White City records this afternoon. The Farmers State has sufferfrom the gradual checking out of reserves by patrons who have required this surplus meet current expenses during the last year. year ago the farmers State bank had deposits and loans of This morning these two items balanced each other about each. The bank capital The Farmers State was organized in 1907, officers being Frey, president; John vice president; Alvin Gates, cashier; and Marvin Mastin, assistant Its liquidation not leave White City without bank as the National considered one of the strongest small town banks in central
Click image to open full size in new tab
RHODES IS RECEIVER Of Farmers State Bank ionals to Elect Tuesday Rhodes has been named receiver the Farmers State bank at White City by Chas. state bank receiver. He has qualified and will take immediate charge of the bank affairs. Mr. Rhodes is especially competent liquidate this stitution because of the banking experience he gained during his long years of association the Morris County Savings and Loan. H. Snyder has been named attorney for the Farmers bank. The annual stockholders meeting of the Council Grove National bank will be held here on Monday, Directors will meet the following day to choose officers. The First National bank at White City will hold its stockholders and annual election on Tuesday, 12.
Click image to open full size in new tab
STRIVE TO PAY Bank Receivers Eager to Declare Early Dividend At lease one bank receiver will comply with the of Chas. state and declare an initial dividend 60 days. Snyder, who in charge of the Peoples State, hopes pay 25 and 30 per within the period fixed by Johnson. Most the first dividend must be met by double liability on stockholdStatements covering this assessment were mailed today to those shares in the bank, and estimated that 75 per cent of these obligations will be paid the receiver within days. Geo. Parker, receiver for the Latimer bank, uncertain whether collections there will be sufficient to warrant preliminpayment in 60 days or not, but he is making an effort to comply with that date In White City, Rhodes is receiving such splendid co-operation in handling affairs of the Farmers State that he sanguine making an distribution to depositors in March.
Click image to open full size in new tab
BANK CLOSES White City Bank Did Not Stay Open Thursday Fear that the face of four other bank suspensions in the county -might jeopardize the interests of depositors influenced the Farmers State bank of White City to cose its doors Thursday morning. It makes the fifth bank in Morris county to close within "Our assets amount to $2 for every on deposit, and am confident that patrons will be paid in Gates, cashier of the bank. stated over the phone today noon. could have gone ahead longer but by discontinuing operations now could protect our depositors better decision to close the bank came after directors meeting held after the opening hour this morning. Mr. Gates states. Von Trebra. deputy bank commissioner who has been in charge of the defunct Home State Junction City, is checking up White City records this The Farmers State has suffered from the gradual checking out of reserves by patrons who have required this surplus to meet current expenses durthe last ago the ing year. year Farmers State bank had deposits of $115,000 and loans of $120,000 This morning these two items balanced each other about each. The bank capital The Farmers State organized in was 1907. officers being president: John Torgeson, vice president: Alvin and Marvin Mastin. assistant cashier Its liquidation will not leave White City without bank the National considered as one of the strongest small town banks central Alvin cashier of the Farmers the heaviest owner of its He holds 83 shares and Gates, his wife controls more The book of this stock when turned for assessment last March was placed stockholders in the bank Other Herhold 10 shares. Mrs. R. Herhold Woo Alice Frey John Torgeson 10. Frey Stenstrom Joe Becker M Hackey Reeves North Sanford M. Sanford Buckley Edgetron Hedeen Gunter Oley Olson Swenson McKinney Jahnke John Larkin Walker sisters Gordon Nelson North Cooper Mrs. Agnes Lydia Scharp Ben Wist North Kitchen Lee Alfred Evans Osterhout publican. of
Click image to open full size in new tab
STRIVE TO PAY At least one bank receiver will comply with the instructions of Chas. Johnson state receiver. and declare an initial dividend to depositors with60 days. who in charge of the Peoples State. Parkerville, hopes to pay between 25 and cent within the period fixed by Johnson. Most of the first dividend must be met by double liability assessments Statements on covering this assessment were mailed today to those owning shares in the bank, and it is estimated that 75 per cent of these obligations will be paid the receiver within Geo. receiver for the Latimer bank. is uncertain whether collections there will be sufficient warrant preliminary payment in 60 days but he making an efor fort to comply with that date. In White City, Rhodes receiving such splendid co-operation handling affairs of the Farmers State that he sanguine of making an initial distribution to depositors in
Click image to open full size in new tab
BANK DIVIDEND Rhodes to Pay 25 Percent at White City Now The first dividend to depositors from any of the five Morris county banks which closed last winter paid this month by the Farmers State of City. Rhodes, assistant receiver, has secured authorfrom Chas. Johnson, general bank to disburse dividend of 25 per cent on May 25 per cent will return about $8,000 to deThe White City bank closed on Jan. and is putting portion of its frozen assets back in circulation ahead of the Burdick Latimer, Wilsey, and Parkerville banks which suspended about the same time. At Latimer meeting bank officials has been called for this week and is likely arrangements will made to declare dividend there.
Click image to open full size in new tab
Governor to Take Week's Vacation and Dodge Army of Job Hunters Topeka, Landon going fishing. Announcement was made today that he would be gone week for rest and to escape the army of job hunters beseiging office. Since his return from Washington and the national conference, Landon has had little time for business except conference with persons seeking appointments. Thousands have visited his office in the past ten days and the governor has talked with between 200 and 300 daily. One newspaper man whose experience Topeka dates back years commenting on the number of job hunters said have never seen anything like ELECT LOCAL MINISTER Rev. M. Thorne of this city was elected president of the Methodist ministers group, at the regular monthly meeting in the Kelso church Monday. Rev. Hatter, pastor of Emmanuel church, near Alta Vista, was chosen vice president, and Rev. H. W. Glaze of Delavan secretary. The feature of the day's program was sermon on the theme On Your by Rev. Ira Nicklin of Dunlap. UTILITY SALE LIKELY Although the corporation commission yesterday took under an to dispose of the Council Grove Gas along with other company, Nicoll plants, is believed certificate of conveniene will be issued and the way cleared to dispose of the property here. Action by the Hoch commission is expected within two weeks. FILES $5,000 BOND A. Pullins, who was elected city mayor last Tuesday, has filed surety bond of $5,000 with City Clerk Louise Brown and will be sworn in tonight. The new official probably became mayor upon the execution of this bond, but he will not take any city duties until the regular weeksession. BANK PAY Three stockholders the Farmers State bank at White City have paid their double liability and been released by Johnson, state bank receivE. Sanford. owner of shares of stock paid $300, Ole Olson paid $200 and Alfred Kitchen paid $100. MAY SESSION HERE The conference of MethoMay dist in the MorrisWabaunsee districts will be held in Councl Grove. Rev. Westerman, new minister Alta Vista, will preach the mon. TEMPLAR SERVICES Knights Templar observe Easter this at Methoyear dist church. The members attend morning service in regalia and listen to special preached by Rev. Thorne. ASSESSORS BOOKS IN Johnson, assessor for Garfield, turned his records in the county clerk tnis ing. He has all valuations except from two residents. IS GENUINE? An unopened bottle of pale amber brew labeled Blue Ribbon' was sitting enticingly the counter of local busupon iness house this morning. WHEAT TO The local wheat markt touchhigh point today when the Saunders quoted cents for No. grades.
Click image to open full size in new tab
SEEKS STOCK PAYMENT May Gates, stockholder in the Farmers State bank White City has been made defendant in suit filed district court by Johnson, bank receiver. The latter is asking double liability on nine shares bank stock ued at $900 and owned the defenadnt. H. E. Snyder the attorney. TO ADOPT FAMILY The Business Professional Women's club will adopt needy family again for the holidays. Plans caring for family not help from other was made the Christmas narty which the club is to hold the home of Miss Canzada Figley GETS GEODETIC JOB Warren Lyttle has been pointed to place the geodetic and go duty within Kansas. He Manhattan morning to bework. Warren graduated from the engineering school of Kansas State. KEEP STORES OPEN All stores in the county seat remain open until o'clock Friday night and until 10 o'clock Saturday accomodate tardy Christmas shoppers. This actwas taken by the Chamber of Commerce last evening. ARE PIANISTS When Washington school gives its Christmas tomorMargaret Mary and Martin will play all the PROSPERITY ITEM Smith is in Kansas day Ford sedan which by White. It will be driven day. GRIFFING ON SQUAD Dean Griffing has been made member of the basket but trying for guard position. STORK NEWS Mr. and Mrs. Ed Jaerger are the parents of born this morning, December 21.
Click image to open full size in new tab
LIEBSCH DAMAGE ACTION MUST BE TRIED HERE Woman Stockholder Must Failed Bank Brought by Bank Against mer is Sustained. Richardson, attorney for Esther Leibsch, whose damage suit against Miller Kerr has occupied the attention of severdisrrict court juries, was nied change venue this by Judge Clark. Snyder opposed hearing case in any other court. Possession personal property taken was the First National bank its action against Chalker. The was granted judgment of In the Fay Perrin Warrensburg, the court allowed 20 days answer. The suit is for cancellation of lease and accounting. Hembrow was appointguardian Litem the foreclosure action of the Farm Mortgage Holding Co. Judgment was given the plaintiff in the sum of $10,796. H. Snyder is the attorSale was confirmed in the of Pearson Southard. The attorney was Pirtle. in the sum of the action of Chas. Johnson, bank ceiver, against Ross Stice. The same plaintiff was given judgment against Larkin. Snyder was attorney double liabilSuit recover on back stock held by May Gates the time of the sion the Farmers State bank White was decided against defendant. The court returned judgment favor of the bank. Snyder attorney. Judgment of and second lein was turned against Pettyjohn of the Penn Mutual Life favor insurance company. The Farmers State bank was judgment agains H. Thomas. Among the sales confirmed were Prudential Insurance Penn Mutual Life Chumos, Fullerton, and the Lydia Scharp National Life Merritt.