Farmers Bank (Lawton, IA)

Episode Information

Episode UID
72168171497
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7216817 routing
Routing Number
72-1681
Start Date
September 26, 1924
Location
Lawton, Iowa (42.479, -96.184)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5148cfc3d398976c

Response Measures

None

Description

Bank was unincorporated and a receiver had been appointed; judgment awarded to receiver.

Events (1)

1. September 26, 1924 Receivership
Newspaper Excerpt
Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmer's bank of Lawton
Source
newspapers

Newspaper Articles (3)

Article from The Sioux City Journal, September 26, 1924

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Article Text

LAWTON BANK RECEIVER GETS $150,000 AWARD Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmer's bank of Lawton, who sued B. K. Younglove, W. H. Rockerfeller, Emma J. Rockerfeller and C. H. Smith, former partners in the bank. The bank never was incorporated, so the partners are responsible, both collectively and individually, for all of the liabilities of the bank. The case was heard before Judge A. O. Wakefield in district court. The judgment confirms the fact that the liabilities of the bank amount to $150,000. It also gives the receiver the right to take whatever action is necessary to seize the private property of the individual members, should they fail to produce it voluntarily. It is claimed that the total assets of the partners does not equal the amount of the judgment, however. Two other judgments were awarded in district court. F. E. Webb won a suit against Frank G. Bush for $2,692 while S. F. Benson was awarded a judgment against Fay Rathburn for $1,064. Both judgments were for promissory notes declared due.


Article from The Los Angeles Times, September 29, 1924

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Article Text

LARGE JUDGMENT FOR IOWA BANK RECEIVER [EXCLUSIVE DISPATCH] DES MOINES, Sept. 28.—Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmers' Bank of Lawton, Iowa, who sued B. K. Younglove, W. H. Rockerfeller, Emma J. Rockerfeller and C. H. Smith, former partners in the bank. The bank never was incorporated so the partners are responsible, both collectively and individually, for all of the liabilities of the bank.


Article from The Recorder, October 7, 1924

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Article Text

Lawyers and the Law Items of Interest to the Legal Profession. "The Recorder" will welcome short items concerning lawyers and the law for publication in this column. Personal items, notes of recent cases and rulings will be particularly acceptable. Speed Trap Case to Supreme Court. LOS ANGELES, Oct. 6.—The Supreme Court has been asked to settle the speed trap dispute. District Attorney Nelson of Orange county has petitioned the state's highest tribunal for a hearing and review of the District Court of Appeal decision in the case of Victor Fleming against the Superior Court of Orange County (45 Cal. App. Dec. 143). Nelson hopes to upset the decision of the appellate court and sustain the ruling of Superior Judge F. C. Drumm, who decided, in Fleming's case, that Section 155 of the Motor Vehicle Act, which prohibits speed trap evidence, is unconstitutional and invalid. The Court of Appeal recently reversed the Superior Court and held the legislation was constitutional and valid. Whether the speed trap returns to use as a legitimate weapon against the speeder or is permanently set aside until such time, if ever, as the state Legislature decides to re-establish it, now hinges on the outcome of the district attorney's appeal. Nelson argued, in his petition, that the question is one of such vital importance to the people of California that it merits a definite decision by the Supreme Court. The opinion of the Appellate Court, he held, was not definite and decided nothing as to the constitutionality of the act. Editors Held for Criminal Libel. FRESNO, Oct. 6.—Assemblyman Charles A. Foster, publisher of the Fowler Ensign, and F. I. Drexler, publisher of the Riverdale Free Press, have been held to answer to the Superior Court at Coalinga on a charge of criminal libel made by L. A. Buchanan, Coalinga City Clerk. Justice B. W. Kilby allowed bond of $1000 previously furnished by each of the editors to stand. In his decision Justice Kilby said he took the case under advisement on September 12, expecting that a retraction would be printed. He said he now believed that neither editor would publish a retraction. Buchanan filed the charges following publication of an article in Foster's paper, originally printed by the Riverdale paper, claiming that it cast aspersions upon his morals. Bank Receiver Gets Judgment. DES MOINES, Oct. 6.—Judgment of $150,000 has been awarded E. M. Corbett as receiver for the Farmers' Bank of Lawton, Iowa, who sued B. K. Younglove, W. H. Rockefeller, Emma J. Rockefeller and C. H. Smith, former partners in the bank. The bank never was incorporated so the partners are responsible, both collectively and individually, for all of the liabilities of the bank. Judge James to Sit in New York. LOS ANGELES, Oct. 6.—Judge James of the United States District Court here has gone to New York City, where he has been designated by Mr. Chief Justice Taft to sit for a month on the United States District (Continued on Page Eight.)