Full suspension, Books examined
Logan, O., March 20, (U.P.) The First-Rentel National Bank here closed its doors today due to a heavy run and continued withdrawals.
A notice posted on the door said the board of directors had adopted a resolution to close the bank and place It In the hands of the comptroller of currency. The notice was posted by Thrimble Smith, National Bank examiner.
Logan, O., Mar. 20. (UP)- The First National Bank here closed its doors today due to a heavy run and continued withdrawals. A notice posted on the door said the board of directors had adopted a resolution to close the bank and place it in the hands of the conptroller of currency. The notice was posted by Thrimble Smith, national bank examiner. A statement issued by A. F. White, vice-president, said: "Owing to a continued run due to malicious and unwarranted gossip, it was decided by the board of directors to further protect the interest of the depositors and community by placing the bank in voluntary liquidation. A run was started on the bank two weeks ago and has continued ever since. Capital stock on the bank is listed as $100,000 and resources at $250,000. The bank resulted from a merger of the First National and Rentel National banks two years ago.
Secks to Recover Securities Deposited in Institution Before Its Failure.
Columbus, O., Aug. 29, (U.P)-C. Jones, receiver for the National Bank, Logan, O., has filed sult in federal court against H. Troxel, treasurer, and county commissioners of Hocking county to cover $63,000 In securities and bonds which the bank gave the county to protect county deposits less than month before the bank crashed. Jones alleged that the bank was Insolvent or In immediate danger of so being when the county officers, alarmed frim on the bank, on Feb. 28 forced the bank to give the additional security to protect $100,000 county reposits. The bank went into receivership March 19, 1931.
Columbus, Ohio, Aug. Jones, receiver for the National Bank, Logan, Ohio, has filed suit in federal court against H. Troxel, treasurer, and county commissioners of Hocking county to recover $63,000 in curities and bonds which the bank gave the county to protect county deposits less than month before the bank crashed. Jones alleged that the bank was insolvent in immediate danger of so being when the county officers, alarmed at run on the bank, on February 28 forced the bank to give the additional security to protect $100,000 in county deposits. The bank went into receivership on March 19,
Andrew Brown, of Memphis made perfect score in grade examination, high mark in second grade tests, and was promoted without dely to the third grade.