72-0120tional or the Iowa City Savings banks, which closed Wednesday leaving the city without banking faIn the meantime the committee announced that office of the People's Savings bank of Cedar Rapids will be opened Saturday with authorization of the state banking department to cash checks and accept savings and checking deposits.
Receiver Empowered To Approve On Iowa City Savings
Andrew, superintendent banking in Iowa. as receiver for the Iowa City Savings bank. ceived general authority Friday morning in an order signed in trict court Hon. Popham, to allow, confirm and approve, from time to time, any and all off-sets held by parties indebted to the ceivership of the bank that are certained by him be correct. further stated that the receiver will have the authority to proper credits upon the indebtedness of the parties.
Judgment in the sum of promissory note awarded receiver the Iowa City Savings bank. against Frank Jiras, and Anna Jiras, in dietrict court Saturday. judg ment was default of the fendants.
Asks Recover of $48,492 Committee Members Will Due Iowa City Meet Saturday For Savings Decisions
Eighteen petitions seeking the recovery of total of promissory notes were filed in district court Wednesday Andrew, receiver for the Iowa City Savings bank. Most of the promissory notes sued upon were made the former Commercial State bank here. and later transferred and assign. to the Iowa City Savings bank. The suits filed, Messer and Nolan, Long and Davie, attorneys for the receiver. The in the actions and the total amounts asked of each. are follows: H. Black, Ernest H. Hall, Roy $275: M. and Harmon. $190; Christy and Addie Coffey and H. Wingert. $300: Emert Jacobs and Mrs. Clara $120: George D. Webb Hughes and Donohue, Ruth Campbell. Williams. $1,250; Joe $200: John Eisenhofer. Frank and Jessie Samuel Hunter. and Charles M. Secrest, $1,250.
Premium list for the 1932 son county 4-H club show will be compiled meeting at o'clock Saturday night, July 23rd. at the farm bureau office in the postoffice building The members of the boys' livestock club committees will meet with Mr. Emil Meyer. county boys club and County Agent Lysle Duncan. The boys' club committee. ap pointed by Mr. Meyer and approved Mr. Glen Hope. farm bureau president. are as follows: Baby beef: Emil chairFrank Crow. Yoder. Glen Burr and George Liljedahl. Beef heifer: Fred Stock. chairman: Slemmons Birrer. Dairy heifer: chairman; George Mueller, Fuhrmeister. Purebred pig: R. chairman: John Miller. subchairman: Snider and Harvey Michel. Market pig and litter: R. Williams. chairman: Winborn, sub-chairman; Reeve and Alton Zeller. Sheep: Joseph Miltner chairSchwimley and George Black. The farm bureau officers are the officers of the 4-H club show. and are follows Mr. Glen Hope, president; Mr. Glen Burr, vice president: Robert Spencer, and John Thomas, treasurer.
Andrew Asks Recovery of Loaned Six Notes
Six additional suits promissory notes totaling were filed Friday the office of the clerk of the district court receiver the Iowa City Savings bank. Eighteen petitions were filed here The defendants and the amounts recovery asked are follows: Georgia Jones. $482.Cooper. Burns, Lawrence Burns, Roy Bulechek and Frank William and Martha Vondrasek. Sipple and Frank Fairall and Minnie Fairall, $1,148.13. All but one of the promissory were executed the former Commercial State bank here and transferred and assigned the Iowa City bank. The William and Martha Von drasek made the Iowa City State bank. and later transferred to the Iowa City Savings. The petitions filed Mes and attorneys for the ceiver.
Bank Receiver Files Two Petitions Asking Recovery Money Due
Two petitions seeking to recover sums money alleged on promissory notes have been filed the office of the clerk of the district court by Andrew. ceiver of the Iowa City Savings bank. Judgment in the sum of $2,322 asked the Hartnell Lang, Fred Hartnell Lang. and William Cash promissory notes executed by Hart. and Lang to William and assigned to the Iowa City Sav. The receiver also asks judgment $248 of the defendant. WH! notes, executed Kirkpatrick, H. Donohue Lewis. trustees. for $98 second for $150 the former Commercial State bank.
F. C. LOANS APPROVED FOR THREE BANKS
Expect Funds Will Be Available to Pay Out Cash in January to and
Loans to approved
Loans to Local Banks The of made to the lowa City banks follows Johnson Savings City Savings and the Citizens and Trust company The R. has approved for for payment of dende in banks early in Janu ary, this fund to be matched by like of the banks liquid as The three other loans made to are Farmers Savings bank Meservey Commer dal State bank of Independence $40,000 and the Farmers Savings With the aid of the R. loans. the disbursement of more than in the form of per cent dividends from the three closed banks will be made early in Jan has been This money. plus the $75,000 dividend of the Farmers Loan and Trust com pany Wednesday will bring the to tal near the half million mark The dividends will represent the third 10 per cent from the Johnson County Savings bank. the second from the Citizens Savings and Trust company and the first 10 per cent disbursement from the lowa City Savings hank Thirteen thousand one depositors will bene fit by the coming dividends from the four local banks Necotiations for the loan from the Finance corpor ation have been carried on by Mr Summerwill for the last five weeks The application was approved at the Des Moines and Chicago offices and then forwarded to Washington for final approval. made Monday what advance of the three other banks in the state loans. in the matter of receiving the monannounced by Asst Atty Gen Earl Wisdom legal adviser to Mr L Andrew superintendent of banking due misunderstand ing The approval of the loans sought from the R. F. C. for the three lows City banks ed in the Johnson county district court before the assets of the banks had been submitted to the R. Court actions approving the loans made to the three other Iowa banks have not yet been started
Furnished County Abstract company and Security Abstract company. Joanna Oakes to William B. Oak QCD Dated 2-23-33. Filed_ 3-2433, SW% SE% of N½ SE% SE% off east side SE% Sec. NW% 10 acres SE% NW% Sec. 9-80-8. Con. Subject to life estate. Florence M. Oakes to William B. Oakes, QCD Dated 2-28-33, Filed N½ SE% acres off east side SE% Sec. North acres of SE% of 9-80-8. Con. $1. William B. Oakes and wife to Joanna Oakes, QCD Dated 2-28-33, Filed 2-24-33, SE% SE% Sec. NE% NE% and North 10 of SE% NEW of 9-80-8. Con. Clara M. Shultz, by sheriff, to A. Andrew, receiver, Iowa City Savings bank, Shf. D. Dated 3-1333, Filed 3-27-33, Lots to inclusive, Block Black's Park Addition, Iowa City, Ia. $5,297.45.
R. F. c. LISTS LOANS IN IOWA
$515,000 for Needy Aid Granted in April.
WASHINGTON D. C. (AP)Loans totaling $5,782,442 to Iowa institutions were authorized by the Reconstruction Finance Corp. during April, the corporation reported Thursday. The state of Iowa was lent $515,300 for relief on Governor Herring's application. The largest loan was $4,368,597 to the Regional Agricultural Credit Corp. at
Loans in Detail. The list of Iowa loans was as follows for April: Amber Savings bank, Amber. $7,000 (x): Lee County Savings bank, Fort Madison, $35,000 (x) Menlo Savings bank, Menlo, $22.000: Monticello State bank. Monticello, $120,000 (x): Russell State bank. Russell, $14,845 (x) Farm ers Savings bank. Wever, $20,000 Dike Savings bank, Dike. reinstated loan for $25,000 previously canceled.
$515,000 for Relief. Guaranty Life Insurance company of Davenport, $220,000; Burlington Joint Stock Land bank Des Moines, $425,000 (x): Regional Agricultural Credit Corp., Sioux City, $4,368,597: lent Iowa at gov. ernor's application for emergency relief. $515,300 (x): lent Monte$9 700 (x). (x) Not been disbursed up to May 15. Iowa loans authorized but withdrawn or canceled between July 21. 1932. and Mar 31. 1933 Clinton Savings bank, Clinton (receiver) $105,000 Iowa City Savings bank, Iowa City (receiver) $35,000: Commercial National bank, Waterloo, $280,000.
Canceled in Part. Iowa loans withdrawn or canceled in part, with amount canceled withdrawn: United State bank. Dyersville, $5,000 Grinnell State National bank, Iowa Falls (receiver) $22,000. Security Savings bank. McCallsburg, $2,600: Cedar Rapids Life Insurance company, Cedar Rapids, $850; Des Moines Joint Stock Land bank, Des Moines, $1,376; Regional Agricultural Credit Corp., Sioux City, $600.
Bank Demands Drop. An April drop in the demands by the federal government for financial aid by banks over the nation a whole was reported by the corporation. The report for that month showed. too. decrease in total loans. In March the month of the bank holiday, loans authorized by the corporation for business and relief amounted to $233,195,000 The report for April totaled only $195,582,000 There was however, an April increase in relief loans to the states In March these totaled $32,360,000 and in April $49,423, 000.
More for Liquidation.
Ten times as much went in April to aid in the liquidation or reorganization of closed banks The March total for this classification was $4,196,000 and that for April $46,756,000 The total bank loans authorized in April by states included 845; Kansas, $7,002: Michigan $136,806.
R. F. C. LISTS LOANS TO IOWA INSTITUTIONS
The following loans were authorized by the Reconstruction Finance corporation to Iowa institutions during April, the corporation reported today: Amber Savings bank, Amber, $7,000 (X): Lee County Savings bank, Fort Madison, $35,000 (X); Menlo Savings bank, Menlo, $22, 000; Monticello State bank, Monticello, $120,000 (X): Russell State ers Savings bank, Wever $20,000; Dike Savings bank. Dike, reinstated loan for $25,000 previously cancelled; Guaranty Life Insur- ance company of Davenport, $220,000; Burlington Joint Stock Land bank, Burlington, $425,000 (X); Regional Agricultural corporation Sioux City, $4,368,597; loaned Iowa at governor's application for emergency. relief $515,300 (X); loaned Montezuma, $9.700 (X). (X) Not been disbursed up to May 15. Iowa loans authorized but with drawn or cancelled between July 21, 1932 and March 31. 1933: Clinton Savings bank, Clinton (receiver) $105,000; Iowa City Savings bank, Iowa City (receiver). $35,000: Commercial National Iowa loans withdrawn or cancelled in part, with amount cancelled or withdrawn: United
States bank, Dyersville, $5,000; Grinnell State bank, Grinnell, $16,039; State National bank, Iowa Falls (receiver), $22,000; Security Savings bank, McCallsburg, $2,600; Cedar Rapids Life Insurance company, Cedar Rapids, $850; Des Moines Joint Stock Land bank, Des Moines, $1,376; Regional Agricultural Credit corporation, Sioux City, $600.
BANK RECEIVER'S WIFE ENDS LIFE BY HANGING
IOWA April 23, Mrs. Grover Watson. 46, wife of the cashier of the former Iowa City Savings bank, committed suicide this morning hanging. Her body was found by neigh George Maresh, county coroner, gave ill health as the
the depositors and all persons in. in the and assets Iowa City Savings Bank of Iowa City. WHOM IT MAY YOU ARE HEREBY NOTIFIED. That there now on file in the office of the Clerk of the District Court of D. County, Bates, fowa, the Application Banking of the State of Iowa, and Receiver said Iowa City Savings Bank Town City, Town, asking for an order this Court and directing him to convey to the Abraham Life Insurance pany the following real estate situated in Johnson County, Iowa. towit: The North one hundred ten (110) of Lot Four (4) part of the Northeast of the Quarter of Section Sixteen Township (79) North, Range Six (6). West the 5th to the Plat in Book 3, page 100. of the Plat Records of Johnson County, Iowa, excepting therefrom an for driveway purposes over the South five feet thereof for the benefit of the owners of the South forty (40) fedt Lots three (3) and (4) In said Triangle Place and their grantees, and therefrom an casement for driveway over the west five (5) feet (110) the North hundred Four (4) for ten the benefit feet of said owners of the North one hundred ten (110) feet Lot Three (3) in said Triangle Place and their granalso an over the East five (5) of the north one fifteen (115) feet Three and over forty the north feet five (5) feet of the South (3) (40) of lots and four (4) in said Triangle Place. driveway shown Place,- on said Plat of Triangle on the terms as set out In said Appliwhich your to be to the best of all and to which now on file, you are referred for further You are further notified that said Application has set hearing fore said Court on the 5th day November, 1934, nine said day to at the Court In the Court Room in Iowa City, Johnson County, Iowa, at which time you may appear and show cause. If any have, why said Application should not be granted as prayed for BATES therein. SUPERINT OF THE STATE OF RECEIVER OF IOW CITY INGS BANK OF IOWA CITY. IOWA.By Ben Summerwill Oct.