Liberty State Bank (Soper, OK)

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HUGO BANKS CLOSED TODAY

By Associated HUGO, May Hugo Nation. al banks failed to open for business today. The Hugo State Bank and the Liberty State Bank of: Soper, a town west of here were closed by order of 0. B. Mothersead, state bank commissioner in connection with the closing of the national institution. Officials of the national bank attributed their difficulties to the refusal of the federal bank at Dallas to handle paper of the First National bank which merged with the Hugo National bank two years ago. Depositors/in the two closed banks include a number of the leading bus iness concerns of the city, The closing was unexpected.

OKLAHOMA May The Hugo Satte bank was closed today by O. B. Mothersead, state bank commissioner, as a precaution against a run, he said. The bank has no connection with the Hugo National bank which failed to open this morning. "While Dhad ground to close the state bank, it has not failed,' Mothersead said. "The bank had insufficient reserve cash to withstand a run and ordered it closed precaution." Mothersead said the Liberty State bank of Soper, which Be also ordered closed today, has the same directorate as the Hugo National.

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State Bank Commissioner Orders Hugo State Bank and Liberty Bank at Soper Closed Today

HUGO, Okla., May Hugo National Bank failed to open for business here today. The Hugo State Bank and the Liberty State Bank Sopher, town west of were closed by order of Mothersead in connection with the closing of the national institution. Officials of the national bank attributed their difficulties to the refusal the federal reserve bank Dallas to handle paper of the First National bank, which merged with the Hugo National bank years The City National transacted business today It was said that had sufficient cash to pay all depositors necessary. Depositors the two closed banks include number of leading concerns of the city. The closing was unexpected.

OKLAHOMA CITY. May Hugo State Bank was closed today Mothersead, state bank commissioner. precaution against run. The bank has no connection with the Hugo National Bank, which failed open this morning "While had grounds to close the State bank. It has not failed." Mothersead said. "The bank had insufficient reserve cash withstand and ordered closed precaution Mothersead said the Liberty State Bank of Sopher which he also ordered closed today, has the same directorate the Hugo National

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NATIONAL BRINGS BANKS TO RUIN

Fails to Open Doors and As Result Hugo State and Liberty Banks are Ordered Closed.

FEDERAL RESERVE REFUSES PAPER

Banks Reported Closed as Precaution Against Threatened Run.

Hugo National bank failed to open for business Thursday. The Hugo State bank and the Liberty State bank of Sopher, town west of here, were closed by order of Oscar Mothersead, state bank commissioner, in connection with the closing of the national institution. Officials of the bank attributed their difficulties to the fusal of the federal bank at Dallas to handle of paper the First Na. tional bank which merged with the Hugo National bank two years ago. Depositors in the two closed banks include number of the leading ness concerns the The closing unexpected.

To Prevent Run OKLAHOMA Hugo State closed Thursday by order Mothersead as caution against run he bank had connection with the Hugo National bank which failed open this While had ground to close the state bank it had not Mothersead "The bank has insufficient cash to withstand run and ordered closed Mothersead Mothersead said the Liberty State of Sopher ordered closed on the same ground as the Hugo National

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THREE BANKS ARE CLOSED: NATIONAL OF HUG0 IS CAUSE

HUGO, Hugo National bank failed to open for business day. The Hugo state bank and the Liberty State Bank of Sopher, town west of here, were closed by order of Mothersead pection with the closing of tional Officials of the national bank tributed their difficulties the fusal the federal reserve bank Dallas to handle paper First National bank. which merged with the Hugo National bank two years ago. The City National bank Hugo transacted business today usual. that ficient cash to pay off all depositors necessary Depositors in the two closed banks include number the leading business concerns of the city, The closing was unexpected.

Run Was Expected Hugo State bank was closed today by Mothersead, state bank comagainst run, he said. The with the Hugo National Bank, which failed to open this morning. had grounds to close the state bank, it has not failed, Mothersead said "The bank had insufficient reserve eash to with stand run, and ordered it closed as precaution. Mothersead said the Liberty State bank of Sopher, which he also dered closed today. has the same directorate as the Hugo national

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STATE BANK SAVES SMALLER BANK

Oklahoma City, May The bank Wash closed day by state bank The bank has no connection with the Hugo National bank which failed to open this morning have grounds close the state bank has bank had Insufficient reserve cash to withstand run and ordered closed as precention." Mothersond said. The Liberty Sto bank of Sopher, which he also ordered closhas the directorate the Hugo National,

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Two Hugo Banks Ordered Closed; One Act As Precaution Against Run

CLOSING ACTION IS SOPER INCLUDED

Hugo National Fails to Open for Business and Mothersead Orders Others Closed

Associated Press Hugo bank failed for busiThe Hugo State ness bank and the Liberty State bank of Soper, town here. closed by connection with the closing of the national Officials the national bank tributed difficulties to the the federal bank fusal Dallas paper the First the National Hugo bank The City National bank of Hugo usual It said that had sufficient cash all necessary pay the two closed banks Depositors include number of the leading busiconcerns the city. The closing unexpected

CLOSED AS PRECAUTION AGAINST "RUN" May 7.-The Hugo State bank closed today by he said. against connection with the bank has no National which to Hugo this morning the had had insufficient run. and ordered precaution. the Liberty State which he also ordered bank has same directorate today, as the Hugo

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State Bank Closed As caution Against Run

(By the Associated Press) HUGO, May Hugo National bank failed to open for ness today. The Hugo State bank and the Liberty State bank of Soper, town west of here, were closed by order of Mothersead, state bank commissioner, in connection with the closing of the national institution. Officials of the national bank tributed their difficulties the fusal of the Federal Reserve bank Dallas to handle paper of the First National bank, which merged with the Hugo National bank two years Depositors in the two closed banks included number the leading business concerns in the city. The closing was unexpected.

OKLAHOMA CITY, May Hugo State bank was closed today by Mothersead, state bank commissioner, as precaution run, he said. The bank against has connection with the Hugo National bank which failed to open this morning. "While had grounds to close the state bank has not failed,' Mothersead said. bank had insufficient reserve cash to withstand and ordered closed precaution. Mothersead said the Liberty State bank of Soper, which he also orderclosed today, has the same rectorate as the Hugo National.

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THREE OKLAHOMA BANKS CLOSED

One Fails to Open and 2 Others Closed by State

National bank here failed to open for business today. The Hugo State bank and the Liberty State bank of Soper, town west of here. were closed by order of O. B. Mothersead, tion with the closing of the national Officials of the national bank attributed their difficulties to the refusal of the Federal Reserve bank at Dallas to handle paper of the First National bank. which merged with the Hugo National bank two years ago,

Oklahoma City, Okla., May 7.The Hugo State bank was closed today by O. B. Mothersead, state bank commissioner, precaution against a run. he said. The bank

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Two Hugo Banks Close Their Doors

Okla., May Hugo National bank failed to open for business here The Hugo State Bank and the Liberty State Bank of Soper, town west of here closed by order of B. Mothersead in connection with the closing of the national institution. The Hugo State Bank was closed by O. B. Mothersead, state bank commissioner, as precaution against run, he said. The bank with the Hugo National Bank which failed to open had grounds close the has not failed, Mothersead said "The bank had fficient ordered it closed precaution, Mothersead said the Liberty State Bank of Soper, which he also ordered closed today, has same directorate as the Hugo National Officials the national bank attributed their difficulties the refusal the federal reserve bank at Dallas to handle paper the First National Bank, which merged the Hugo National Bank two The City National Bank of Hugo business today as It was said that had sufficient cash to pay off all depositors if Depositors in the two closed banks include number of the leading business concerns of the city, The closing was unexpected.

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To Avoid Run On Bank

OKLAHOMA CITY. Okla., May The Hugo State Bank was closed today by O. B Mothersead. sinte bank commissioner, as precaution against a run, he said The bank has no connection with the Hugo National Bank which failed to open this morning Mothersead said the Liberty State Bank. of Soper. which he also ordered closed today. has the