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Two Kansas Banks Closed by Directors TOPEKA, Kan., Sept. 23.-(P)-Two state banks were closed today by their boards of directors. At Council Grove the Citizens State Bank, having deposits of about $150.000, asked the state banking department to begin a receivership and at Zarah the Zarah State Bank suspended business because of the arrest of Sam King, cashier on charges of embezzlement.
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ZARAH BANK FAILS Cashier Charged with embezzlement Of Funds Topeka Sept. Zarah state bank suspended business and was taken over by the state bank department today following the arrest of the cashier Sam King on charges of embezzlement. King was arrested at midnight on six accounts after an investigation of the affairs the bank. He placed in jail at Olathe and today charges were filed by the Johnson county authorities following checking by the bank authorities. King is 36 years old and has two children. The bank was organized in 1919 and its deposits totalled $46,000. It had loans of $52,000. Peake Mettee is president of the bank. LET FARMERS WORK Salina, Kans Sept fall term of the Salina county district court has been abandoned, court ficials announed. The action was ken in order to enable farmers, paneled for jury service, to perform
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CASHIER BANK HELD Sam King Of Zarah State With ing By Bank Is Closed. Olathe, Sept. 23. Sam cashier of the Zarah King, State Bank Zarah, Kan., arrested midnight last night on counts after investigation the bank's and was placed in jail here fairs, today. charges were filed by Johncounty authorities after the Kansas bank thorities, which lasted until late last night. Largest Loss $3,000. According authorities, the largest alleged embezzlement The bank was ordered closed day by its board of directors. The charges alleged false finan statements the banking department June 30 and that false entries made consisting of credits to accounts where deposits were record Board Closes Bank. Topeka, Sept. Zarah State Bank Zarah Johnson county was closed today by its board of directors. The banking withheld comment action pending the Kennedy, assistant state bank has Zarah to investigate the bank's affairs. The bank $10,000 capital stock. When Kennedy arrived he nounced that Sam King, cashier and principal stockholder of the was placed in jail Olathe o'clock this morning. The sistant bank commissioner clared that King falsified cash items and overdraft Kennedy that King took overdrafts of depositor, whose not revealed. Parents Heartbroken. King years old. He ried and the father of two children. aged parents living They Kennedy said when they learned their trouble Deposits in the bank taled Loans amounted Rediscounts Park Mettee is president the bank but only minority stockholder. Accusations of irregularities made King following of the bank yesterday by Carson, deputy bank Two Banks Closed. Topeka, Sept. banks closed today by their boards of directors At Council Grove the Citizens State Bank having deposits of about $150,000 asked the banking and the Zarah State Bank suspendbecause of the arrest Sam King, cashier, on charges of loans, the banking partment the Council Grove bank to close.
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PREACHERHELD ON CHARGE San Quentin Man Hanged for Murder. GRAND RAPIDS.-The Rev. Willis J. Jordon, Columbus, Ga., preacher, was arrested here on telegraphic advices from the sheriff at Charlotte, N. He was taken into custody at the home of Mrs. Ella Thomas, whom he said he came here a week ago to marry The telegram from the Charlotte sheriff did not specify the charge on which the Rev. Jordon was sought. CHARLOTTE.W. c. Dowd Sr., publisher of the Charlotte News, died suddenly at his home here. KINSLEY, Kan-Harold Dewitt, accused slayer of Sheriff Govan C. Mills of Hamilton county, was captured here. He was found in a railroad coal chute, where he had taken refuge when rain began falling. following his escape from jail at Dodge City. SAN QUENTIN.-Earl J. Clark, convicted of murdering Charles Silva, San Pedro sailor, in April, 1925, was hanged here. The trap was sprung at 10:01 and Clark was pronounced dead 13 minutes later TOPEKA.-Two state banks were closed Friday by their boards of directors. Council Grove, the Citizens State bank, deposits of about $150,000, asked the state banking department to begin receivership, and at Zarah, the Zarah State bank suspended business because of the arrest of Sam King, cashier, on charges of embezzlement. NEW YORK.-Mrs. Alice Ardis, 28, wife of J. T. Ardis, wealthy broker, either jumped or fell from 15th floor window of her apartment on Fifth avenue at 84th street and was killed. maid said Mrs. Ardis had been 111 and under docto: care for nervous trouble for some time.
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TWO BANKS ARE FORCED TO CLOSE THEIR DOORS Citizens State at Counell Grove Un. der--King Charged With Six Embezzlement Counts Topeka, Sept. 23. (AP)-Two state banks were closed today by their boards of directors. At Council Grove the citizens state bank, having deposits of about $150,000. asked the state banking department to bezin receivership and at Zarab the Zarah state bank suspended business because of the arrest of Sam King. cashier on charges of embezzlement. "Bad" loans, the banking department announced, compelled the Council Grove bank to close, All of the loans had a face value of $161,000. at the time of the last quarterly
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statement. The bank's capital stock was $25,000 and the surplus $12,500. D. W. Wooley, deputy bank commissioner, was placed in charge of the Council Grove institution. Clathe, Kas., Sept. 23 (AP)-Sam King, cashier of the Zarah state bank at Zarah, Kas., was arrested at midnight last night on six counts of embezzlement after an investigation of the bank's affairs, and was placed in jail here today The charges were filed by Johnson county authorities after the investigation by Kansas bank authorities, which lasted until late last night. According to authorities, the largest alleged embezzlement was $3,000. The bank was ordered closed today by its directors. New York- couple of freight cars full of rocks valued at $250.000 or more are going to Toronto. The col. lection of minerals owned by the Inte Mengo L. Morgenthau has been bought by F. M. Ruggles It includes specimens of amphibole, anatese. spudumens and other things such as opals and a gold nuggest. Mr and Mrs Lewis B. Deal arrived today from Chicago 10 visit Mrs Deal's mother. Mrs. P. J. Clark and
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Two Kansas State Banks Are Closed By Officers The Associated Press) TOPEKA, Kans., Sept. state banks were closed today by their boards of directors. At Council Grove, the Citizens State bank. having deposits of about $150,000 asked the state banking department to begin receivership and at Zarah the Zarah State bank suspended business because of the arrest of Sam King. cashier, on charges of embezzlement.
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Two Kansas State Banks Are Closed Sept. state banks were closed Friday by their boards of directors At Couneil Grove the Citizens' State bank. having deposits of about $150,000, asked the state banking department to begin receivership. and at Zarah, the Zarah State bank suspended business because of the arrest of Sam King. cashier, on charges of
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COUNCIL GROVE BANK CLOSES The Citizens' State bank Councilhaving deposits of about asked the state banking to last the banking departannounces, compelled the bank The captial stock was and the surplus GabFrank the president and the An share on the bank stock been called for by the bank mission. At Zarah. Kansas. the Zarah State bank business the past week because of the arrest cashier, no charges of
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RISE AND SETBACK ON THE CURB. Football Amenities. THE LATEST MARKET NEWS Receipts of cattle. exclusive of 6,000 established new high for the the City but the below for this the day year ago were and the 1926 Local receipts will not today's The the year the and here last Monday the year total less the last year and less than the period two years ago and and and feeders in supply were also fairly Beef of formed the bulk the and sold slowly mostly weak to 25 cents Sales ranged from $7 to $10.75 for grass for westup for lightweight were 10 to 15 selling and with with the top were weak 50 cents and down loads reached the bulk of the ranged from last only cattle and not heavy for this Range of quotations for the various classes of cattle follows: pounds and Good to 950 pounds. fed and 800 pounds mixed rearlings good and pounds and down and to 10 cents higher in The top was choice to Bulk the and to and 140 to at $10 to Heavy sold slowly 270 to averages hogs were 15 cents higher. with stags on basis sold about steads Sales of stock grades ranged from $10 to Average price Kansas City last week 229 $10.81 weight 246 Omaha $10.32. weight of the and good good Bulk western lambs here steady and the bulk 75 to and were weak to 15 cents lower tive lambs sold the same basis and Only odd lots of mature fat sheep were Half the run were feeder Early sales of were of sheep and good medium and Livestock with here City City Kansas City trade 10 higher on better grade hogs: sows cents cents top $11 bulk 210 to 250 to sows largely $9 best 4,000 grain fed better grade steady fat butcher bulls about 6,000 run mostly steers with stockers and more numerabout bulk fed few fat weak $13.00 best selec bulk good fat $5.50 East St. Oct bulk $11.50 packing 10 15 cents calves packers taking little western few prospects steady on fat lower steady choice no early sales undertone 2,500 market top. sows mostly 7,000 steady grass steers stock steady 50 fat lambs 15 to 25 cents good 12.00 best fat feeder choice range feeding lambs held Neb. steady $11.4 load 225pound fed steers and weak butcher stock weak 25 bulls steady: weak stockers and feeders in liberal supply on slow lings $15.85 closed fully other classes $6.00 bulk Foreign New York for change demand bills are here sterling franc displayed moderate strength the of the and to the and closed the low with losses City and unchanged to , Liverpool higher fell the past and was cool in had back all increased week of only year last over and at 332 an of and 32 less than year Duluth had and for corn for to favorable weather over the corn The market the with day Light frosts were reported and over area northern belt the hours No rains were The corn of for the an year corn included 34 at and Chicago for for CITY and the close here Range of for and close Monda closed in May Wheat futures October up 10s 10s 10s new red up May hard December May No. sold hard $1.32 No. yellow mixed Closing futures New York December up City Carlot Grain Prices dark were with the The premium basis was cent higher and was cent Genwas hard nominally sales dark 58, nominally $1. nominally sales sales No. nominally sales nominally sales nominally sales $1 $1.42 sales red. sales No. mixed sales $1.42 to was corn, nominally No. sales color sales Demand for good white sales sales No 45c and were to was reported nominally No No. Milo 52: No. nominally $1.43 nominally feed. sales Nominal prices for feeding seed barley $70 changed steady un January 20c: light 16c springs cent stock cent. Live 15c Oct. 46% K. New -General declines occurred the following good of strength in good many the rose new high good many Motors and Steel in Air General Electric Mack Mont New Cast Iron States and Wright and other losses of Motors the low was down and new in the case had little have been for the about Call at Taylor. Ewart Branch Managers Meet. manager the City office Ewart Co., will leave for Chicago attend office managers of the company the annual golf tournament will be held Club Brown and the local also in the BIG DECLINE IN COTTON New York Oct Opening prices for were down 70 and the loss of to down and and favorable weather in the Bouth ARGE DEALINGS IN RI BBER. Shipments of Stockers and Feeders Movement cattle the the Kansas City stockyards last week figure for year at 23,282 took head: Nebraska 2,083 Ohio 987: Indiana 959 THE GOOD OF DEFEAT. But such defeats are healthful. It brings our sportsmen back to a realization that they are not inherently superior to other Too much usually swells the head deteat strengthens the will and the determination. It also adds to sport. One-sided games are not the best of tons. The figures compare New York the with 3,594,000 year there was the as by 3,717 tons two years the Septem ber increase was 204,000 Low Pow New York Oct rubber ex more than 150 million the year ended August 72,000 calling for tons of crude F. of the exchange. the annual He asserted the has had beneficial effect upon helping to stabilize and the hedging facilities the market offered were widely used by all During the ranged from 45.50 on 26. 1926. to 33 cents on 1927 Pacific British of the regulating rubber from and Ceylon. the material East Indies of their and pool formed by some and for the all that might Mr. Henderson "but the been the effect has been one of considerable stabilization states. average 709 preceding weight 738 pounds: year weight pounds and sheep and were 15,210 with the week and year ago. Since July of and hogs ased 5,536 head and head. for cumand 13,140 hogs and sheep and lambs Irregular Market for Hay hay was 50 cents to higher. but were steady to 50 Other of hay were steady to cents higher Sales prairie ranged from $7.50 $11: alfalfa. $5 to $25; cars total 167 year dairy No. 20.00 $13.50 West No. No. 9.00 Clover mixed light No. No. $9.00 Americans have been winning all the athletic competitions, taking all the prizes and breaking all the records so long and consistently that it came as sort of shock to see the Davis tennis Oil cup lifted by France and see our swim_ mers outclassed in the recent Ontario Both contests called for endurance stamina and under trying physical It is in just these things that Americans are supposed to shine Our athletes are supposed to train better. be tougher and to refrain more than those of any other nation drinking and smoking and all other indulgences that could dull the edge of efficiency ZARAH BANK OPEN FOR CLAIMS Depositors Requested to Bring Books for Balancing OLATHE KAS., Oct. Ashlock receiver for the Zarah State Bank of Zarah, Kas, opened the doors the closed bank today for the filing of claims. notice was placed on the door Ford requesting depositors to bring passbooks for Mr. Ashlock lives in Olathe. where he is receiver for the Olathe State Bank which failed last November He will the failed Zarah bank open thirty days for the filing of claims, and two each week for one month thereafter for Then he will take the bank's books to Olathe, where the of liquidation can be handled from the same office with the failed Olathe bank The loss the Zarah bank is about $17,000. Sam King, former cashier, charged with and falsifyOil ing records, will appear Friday before Justice H. Lemon in Olathe for Sug preliminary hearing. El the It is still permissible in Chicago to say that neighbors live within gunshot of each other