First National Bank (Boswell, OK)

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Hugo Bank Fails To Open Doors Saturday

HUGO, Okla., Oct., 9-(.P)-The Citizen State bank of Soper, 10 miles west of here did not open for business this morning. The institution was closed by the vote of the board of directors. The failure of the Soper bank followed the closing of the First National bank at Boswel yesterday and a run on the Soper bank. The Citizens State bank was established more than a year ago to take the place of the Liberty State bank, which failed in May 19, 1925.

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SOPER STATE BANK CLOSES ITS DOORS

Board of Directors Vote to Close Institution- Established More Than Year Ago to Replace Liberty

[By The Associated Press] HI Okla., Oct 9.-The Citizens State bank of Soper, ten miles west of here, did not open for business this morning The institution as closed by a vote of the board of directors. The failure of the Soper bank fol. lowed the closing of the First National bank at Boswell yesterday and run on the Soper bank. The Citi zens State bank was established 2 Modern 5 room more than a year ago to take the rent near high school Phone place if the Liberty State 215. J. R. bank Agent 8-tf which failed May 19. 1925

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RUN ON SOPER BANK LEADS TO CLOSURE PROTECTION zen's State bank of Soper, 15 miles west of here. did not open for business this The institution was closed by a vote of the board of directors Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the same section of Choctaw county, yes. terday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30. last, showed individual deposits of $36,863.32 and time certificates of 1,792.07. Loans and discounts amounted to $37,046.2 The statement was signed by F. R. Crain, cashier, and R. E. Crossett, W. M. Yeargan and L. E. Butler. as directors. The Citizens' State bank was 05. tablished over year ago ' take the place of the Liberty State bank, which failed in 1925.

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Oct

Citizens State bank of Soper, 10 miles west of here, did not for business today. open The institution was closed by vote of its board of directors. of the Soper bank followed the ure heels of the closing of the First National bank Boswell in the same section of Choctaw county yesterday on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. The statement signed by and Crosssett, M. Yeargan and Butler rectors. The Citizens State bank established more than year ago take the place of the Liberty bank which failed in 1925.

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SOPER BANK CLOSES FOLLOWING BIG RUN

Oct. Citizens' State bank of Soper. 10 miles west of here. did not open for this morning. The institution was closed by vote of its board of directors. Failure the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the section of Choctaw yesterday. the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. statement of the bank's condition at the of business June 30, last. showed Individual deposits of time certificates $1,792.07. Loans discounts amounted to $37,046.24.

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Soper Bank Fails to Open Its Doors

HUGO, Oct. 9.-(P)-The Citizens State bank of Soper. 10 miles west of here, did not open for business today The institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, in the section of Choc. taw county, yesterday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of the depositors. The statement was signed by F. R. Crain, cashier and R. E. Crossett, W M. Yeargan and L. E. Butler as direct ors. The Citizens State bank was established more than a year ago to take the place of the Liberty State bank which falled in May. 1925

Start night or day Business College classes this week. Phone 629.-Adv.

Honor Volta COMO. Italy is nearly 100 years since the death of Volta, after whom the volt was named It has been proposed to celebrate the centenary by an international exhibition and congress here sometime between May and October

As London Sees It LONDON.-A current London must cal show spills the following line cerning American divorce laws: say understand she was married three times. "Yes, indeed she was married three times, twice in America and once in earnest.

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Soper Bank Closes Doors To Business

HUGO, Okla., Oct. 9. (P)-The Citizens' State Bank of Soper, 10 miles west of here, did not open for business this morning.

The institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National Bank at Boswell, also in the same section of Choctaw county, yesterday.

A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30, last, showed individual deposits of $36,836.32 and time certificates of $1.792.07. Loans and discounts amounted to $37,046.24.

The statement was signed by F. R. Crain, cashier, and R. E. Crossett, William Yeargan and L. E. Butler, as directors. The Citizens' State bank was established over a year ago to take the place of the Liberty State bank which failed in May 1925.

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SOPER BANK CLOSES TO SAVE DEPOSITORS

Second to Shut Its Doors in Choctaw County Within Two Days

HUGO. Oct. 9 (A.P.)-The Citizens' State bank of Soper, 10 miles west of here, did not open for bustness this morning. The Institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the same section of Choctaw county, yesterday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30, last, showed individual deposits of $36.863.82 and time certificates of $1,792.07. Loans and discounts amounted to $37,046.24. The statement was signed by F. R. Crain, cashier, and R. E. Crossett, W. M. Yeargin and L. E. Butler, as directors. The Citizens' State bank was established over a year ago to take the place of the Liberty State bank which failed in May, 1925. an opportunity to give him that eye. "He assailed me because am Catholic, an Irishman, a Knights of Columbus. I was no less the same when I accommodated him, even though he was a Baptist preacher. "If the souls of the departed really are cognisant with what transpires on earth. cannot but wonder what Thomas Jefferson must be thinking about this afternoon when he sees in what hands his beloved democracy has its keeping in Oklahoma."

Russian wheat is being used extensively in Latvia, and recently a shipment of 163 carloads was recelved there.

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RECEIVER OF HUGO BANK TO PAY PERCENT dividend of percent on assets defunct City National bank of Hugo to soon, according advices received by Roy Cooper, ceiver the institution, from the currency The bank May 27, 1925 and Roy Cooper, been named receiver for the Hugo National bank, in of its fairs. To has paid to positors This will be increased more than $10,000 by the new dividend, stated. No statement was made the concerning the possibility dividends on the assets the Hugo NationBank, the First National Bank Boswell, for which Cooper also receiver.

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BOSWELL BANK DIVIDEND WILL BE PAID SOON

20 Per Cent Payment Is Authorized by Comptroller

20 per cent dividend is to be paid on assets of the defunct First National bank of Boswell, according to official notification to Roy Cooper, receiver, from the office of the comptroller of the currency at Washington. More than $80,000 will be avail. able through the dividend, it was stated. When the bank suspended operations October 7, 1926, and Cooper was placed in charge of its affaris, liabilities of the institution were $285,974.09. When the last quarterly report was made on June 30 last, the total liabilities had been reduced to $157,207.78. Cash on hand at date of closing was $1.524.39 and when the June report was made the receiver had $26,529.30 on deposit wit hthe comptrbller.

Announcement Is Surprise

Announcement of the digidend reported to be somewhat of surprise to many Boswell residents who were of the opinion, shortly after the close of the bank. that not more than 10 per cent would be realized on its assets. The receiver would issue no state ment whatever concerning the probability of indicating that any information to that ef feet could only be issued from the comptroller's office. Employes of the receiver's office here will start work soon in computing and making out checks for individual depositors When that done the checks will be sent Washington for verification and sigThe time somewhat longer than in the case other defunct banks in Cooper's charge, due to the fact that another quarterly report is now being made possible, however, that the checks may be in days.

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BOSWELL BANK PAYS DIVIDEND

Receiver to Distribute $30,000 to Depositors; Closed Oct. 7, 1926.

20 percent dividend is to be paid on assets of the defunct First National bank of Boswell, according to Roy A. Cooper, receiver for the institution.

More than $30,000 will be available through the dividend. When the bank suspended operations Oct. 7. 1926, and was placed in Cooper's charge, liabilities were $285,974.09. When the last quarterly report was made on June 30. last, the liabilities had been reduced to $157,207.78. Cash on hand at date of closing was $1,524.39, and when the June report was made the receiver had 30 on deposit with the comp-

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Boswell Bank Dividend Will Be Paid

A 20 per cent dividend is be paid on assets of the defunct First National bank of Boswell, according to official notification to Roy A. Cooper, receiver, from the office of the comptroller of the currency at Washington. More than $30,000 will be available through the dividend, it was stated. When the bank suspended operations October 1926, and Cooper was placed in charge of its affairs, liabilities of the institution were $285,974.09. When the last quarterly report was made on June 30 last, the total liabilities had been reduced to Cash on hand at date of closing was $1,524.39 and when the June report was made the receiver had $26,529.36 on deposit with the comptroller.

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BOSWELL BANK RECEIVER IS PAYING DIVIDENDS

Payment of a 20 per cent dividend on assets of the defunct First National bank of Boswell, west of Hugo, is being made by Roy A. Cooper, receiver. The total to be available through the dividend is $25,552.43 The bank failed October 7. 1926, and Cooper immediately was named as receiver.

We deliver C-O-A-L to any part of the city. Phone us your orders.

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$442,651.91 Paid to Bank Depositors

A total of $442,651.91 has been paid to depositors of three defunct banks in Choctaw county so far, it was revealed by the quarterly statement of Roy Cooper, national bank receiver, issued here this week. Hugo National depositors have received 43 per cent; the City Nationbank of Hugo has paid 43 per cent, and the First National bank of Boswell 20 per cent. Detailed figures of his operations given by the receiver in the report to the comptroller of the cur-

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Half Million Is Paid Choctaw Depositors

HUGO, Feb. 4.-A statement lividends paid depositors of three defunct banks of Choctaw county was made here in quarterly report issued by Roy A. Cooper, national bank receiver. Forty percent has been paid positors of the Hugo National bank 13 percent to depositors of the City National bank of Hugo, and 20 cent to depositors of the First National bank of Boswell. Total of dividends was fixed

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Half Million Is Paid Choctaw Depositors

HUGO, Feb. 4.-A statement of dividends paid depositors of three defunct banks of Choctaw county was made here in quarterly report issued by Roy A. Cooper, national bank receiver. Forty percent has been paid positors the Hugo National bank: 43 percent to depositors of the City National bank of Hugo, and 20 cent to depositors of the First Na. tional bank Boswell Total amount of dividends was fixed at

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BANK RECEIVER IS FOUND DEAD

HUGO, Okla., Feb. Roy A. Cooper. 52. receiver for the defunct Hugo National and City National banks here and the first National bank of Boswell was found dead in his room at a local hotel today He apparently had been dead for eral hours. Heart disease was given as the eache of death. Prior to Coo: appointment as receiver here in May he was for many years national bank examiner and was well known banking circles. At one time he was examiner for the state bank. ing department.

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ROLLINS WINS IN (Con't from Page 1) other political honors should be sent to the democratic convention at Houston. Over fifteen hundred visitors were present in the city, it is estimated with 736 registering, and the estimated crowd at twice that many. There were over two hundred at the banquet last night. Visitors were loud in their praise of Pawhuska's hospitality, and many of them expressed the desire to return. This is the second convention of the organization that this city has received in five years, the previous one being held here in 1923. she shall not dance and that the agreement shall become void if she marries. The superintendent of schools in Kiowa County desires to place such a clause in the teachers contract, H. H. Porter, assistant state superintendent, wrote the Attorney General. The clause is as follows: "It is expressly agreed and understood that the party employed shall not attend any dance during the life of this contract. It is also agreed and understood that if the party hereby employed marries during the life of this contract, the contract becomes null and void." Whether Leap Year has anything to do with it, was not made plain but Lewis said that he intended to hold that prevention of marriage of school teacher is against public policy. He still is looking un law on the daneing clause.

Bank Receiver Dies HUGO Okla., Feb. 23 (P)-Roy A Cooper, 52, receiver for the Defunct Hugo National and City National banks here and the First National Bank of Boswell, Okla., was found dead today in his room in a local hotel.

Be up and doing, but mind whom you do.