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The Shaw Bank and Trust Company. 1501 South Grand boulevard, failed open for business today It the seventeenth of the smaller banks in the city and county to close the last fifteen days An unsigned notice. posted on the door, read follows: "Owing to the unrest existing among the citizens of St. Louis with respect to their bank deposits, the of funds and the banking thereby, the board of directors for the proall the to turn over the affairs this bank to the finance this time, when, the judgment the directors, its affairs be liquidated that each depositor can be paid Dierberger cashier of the bank According Dierberger and Maryin Boisseau, attorney for the bank. institution without active president They said that derman Harry Riefling of the Fifteenth Ward listed president, but wthdrew from participation few months ago. "Riefling sent of resignation to the board of directors last June," Boisseau said, "but it has never acted Riefling his home His daughter, Miss Ruth Riefling, that her father has not been active the bank's affairs June. financial statement issued on December showed that, on that date, the bank mand deposits and $367,383 in time deposits. The bank was capitalized for had surplus of $60,000 and loans and discounts totaling the bank obtained loan from ReconstrucFinance Dierberger said that the bank placed limit month withdrawals from checking counts Saturday. but removed the restriction yesterday Heavy withdrawals followed, he asserted. Bank in Donovan, III., Suspends State Bank closed today for 30-day bank holiday. The closing proclaimed Mayor also of the bank. The town president now has no other bank Rich Chicagoan Ends Life. Chisilk firm official, strangled cago himself today apartment the Lake Shore Athletic Club.
