18d9b240Borrowed from banks or large institutions, Full suspension, Books examined
Other: Receiver appointed; grand jury inquiry into receivership transactions noted later.
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BANK IN WICHITA KANSAS IS CLOSED Closing of the Merchants' Reserve State Bank, of Wichita, with deposits of about $1,000,000. and two other small banks was announced today by the Kansas Banking Dcpartment. The others were the State Bank of Kechi which in its last statement reported deposits of $92,500 and the Farmers Merchants State Bank of Muscotah with deposits of approximately $50,000.
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Kansas Acts to Aid Banks in Reopening TOPEKA, Kan., Feb. 28 Gov. Alfred Landon today pushed through the Kansas legislature law to permit insolvent banks under any plan to by per cent the general creditors and approved bank commissioner and the State banking board. The action followed the closing the Merchants Reserve State Bank Wichita yesterday. Three smaller banks were closed this morning.
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Wichita State Bank Closes Doors Kan., lone remaining financial instituthe Merchants Reserve State Bank, closed today, following vote of its directors. statement cited heavy with drawals the last days responsible. Officials said loan from due had arrived in time to avert the closing.
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GRAND JURORS WILL LOOK TWO BANK RECEIVERSHIPS HERE Men in Charge of Farmers and Merchants Institution Are Summoned TWO WOMEN SERVING One of the first official acts of the grand jury which began service yesterday to reach its inquisitorial hand into two bank receiverships, was apparent summons issued late yesterday by Harvey S. McIntosh, foreman. Sam Brown. receiver for the Farmers State bank, was summoned to bring the records of that institution of January 14. 1933; record the bonds in the bank; the notes the bank holds, the minute book, and the auditors' report of assets and liabilities. Wilson, receiver for the Merchants Reserve State bank was asked appear and to bring records, note the, amount of $25,690; records of $16,000 transaction about January 20" and records of transaction of on February Four were summoned to testify in cases It presumed these will precede the bank ceivers' inquisition, and it was lieved the cases are minor personal character Summoned for these Lois Quiring, 703 South Water: Berdine Hinton. 251 Ohio; Viola Mozingo, 838 South Millwood and Mary Peoples, 1305 North St. Francis. First to appear before the grand jury was Simon Laughlin. His complaint duly filed and taken under advisement. Start Work at M. It was agreed that the grand jury would observe the working hours during session of to noon from session only about an hour Some persons came to Judge Grover Pierpont's courtroom yesterday in answer to summons for grand jury service. Thirty were brought from which draw grand case some of the original 15 could not Seven were R. Vanley, Valley Center: Flora Fry school teacher: Harry C. Whalen, 826 West Central; Sarah Grier. Viola; N. Hanson, 416 North Rutan: E. Dye, Oatville, and In the 15 finally sworn and charged are two Three of the men are farmers; there is one salesman, one barber, jeweler; one mechanic, man, an apartment house operator: grain dealer; deputy county treasurer; Baptist minister. and former deputy state fire marshal Judge remarked was varied an assortment of jurors as he ever had seen. Two Women on Jury The jurors Worden, 210 South Poplar, salesman; Harvey S. McIntosh. Cheney, farmer and forcounty commissioner; Kopp. Baker Grain company. 312 South Terrace Drive: H. E. Davenport, 1211 South Lawrence. jeweler; Dan 124 South former state fire marshal; Cliff Pray, route farmer; Lida Wagner, 115 South Poplar, former deputy register of deeds; Mrs. Dora Fidler, housewife, 846 North Green; H. Debbrecht. Andale, farmer; H. Osborn, 1488 Coolidge. deputy county treasurer: Frank White, barber: 125 South Minnesota: Magruder, 1251 Coolidge, Baptist church pastor; C. Skaer, 308 South Market, apartment operator; Wohlgemuth. at the Jones Milling company, 224 North Lorraine, and Nitschke. retired carrier 152 North would be one in this city could have heard the given this grand jury." one member of the panel declared yesterday, after Judge Pierpont had read his charge to the jurors. It required about half an hour to the selection of the 15 There no challenges motions quash the panel entered by attorneys. Judge Pierpont admonished in his instructions that it the direct duty of the grand jury to "diligently inquire all public offenses against the laws this state committed triable within county of which have or can obtain legal evidence.' Consider Liquor Violations The court asked the jurors to consider violations liquor laws; he instructed against the operations of trusts or combines for economic effect. "It has been openly charged in public print," the court continued "that intoxicating liquor and gambling laws this state have are being violated in Sedgwick "Also been similarly charged that banking and bond practices violation of the law as to depositors and investors. charge you that it is your duty to investigate all such matters the subject common and and for whether such rightly made and, so, and if possible, to ferret out the guilty ones to bring in indictments in order that speedy trial may be had you. find that and similar have been unjustly made then your solemn duty to refuse to bring in indictments and by your action silence such charges, placing the blame "These are days of unrest. This always true in times of economical depression. No one is particularly to blame for that. On the other hand no one has right advantage of such situation for personal the expense citizens judge spoke at length upon the general situation of motor trafthe awful toll of death taken by crashes. He declared the motor violations had been upheld by the preme To Inspect County Jail He instructed the jurors they would be required to make an inspection of the county jail as to its sanitation and for the safekeeping prisoners. It is indicated that County Attor-