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WANT RECEIVER FOR BANKERS TRUST CO (By Associated Press.) St. Louis, Mo., August 21-Suit for the appointment of a receiver for the Bankers' Trast Co., was filed here today. The company owns the stock of many small southwestern town banks, Vice-President Leming of the San Antonio, Uvalde & Gulf railroad brough the suit. The trust company holds the railroad's stock.
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St, Louis. Aug. 21.-Suit for the appointment of a receiver for the Bankers' Trust company, a St. Louis concern that owns stock in many small town banks in the southwest, was filed in the circuit court here today.
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WANT RECEIVER St. Louis, Aug. 21.-Suit for the appointment of a receiver for the Bankers' Trust company of St. Louis, a concern that owns stock in many small town banks in the southwest, was filed in the circuit court today.
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ASK RECEIVERS FOR TRUST CO. (By Associated Press.) St. Louis, Mo., Aug. 21.-A suit for the appointment of a receiver for the Bankers Trust Company has been filed The company owns stock in many small Southwestern town banks. Vice President Leming of the San Antonio, Uvalde & Gulf Railroad, brought the suit. The trust company holds the railroad's stock.
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ST. LOUIS BACKERS OF TEXAS RAILROAD ARE WITHOUT CASH REPORT SHOWS BANKERS TRUST CO. MADE INVESTMENTS IN ARKANSAS. ST. LOUIS. Oct. 0.-Leen W. Quick. who was appointed receiver for the Bankers' Trust Company, which was the chief backer of the San Antonio, Uvalde & Gulf. last Tuesday, made a report today to Circuit Judge MeQuilin stating that the books of the company show direct liabilities of $1,336,740.97, with 8789 cash on hand. which has been seized by the United States revenue collector and therefore is not available top use The report states "the following companies and institutions, in which the Bankers' Trust Company is financially interested are in the hands of receivers or liquidators: San Antonio, Uvalde & Gulf Railroad Company, in the hands of receivers appointed by the United States District Court sitting in San Antonio: Cross 8 Farming Company, receiver appointed by the court of Bexar county: Bank of Wynne, Wynne, Ark., in the hands of a special agent of the State Bank Commissioner, and State National Bank of Little Rock, Ark., in process of liquida tion, under the direction of the Comp(roller of the Currency. "The books show the ownership of several tracts of real estate for which no deeds of abstracts of title are in the office of the company." Litigation pending includes suit by the city collector of St Louis against the Bankers' Company for $18,639 78 taxes in land controversy involving some 14.000 acres of land in Mississippi county, Arkansas, and against the company in Bexar county, Texas, for $11,000 by an attorney on a claim for fees,
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TRUST ASSETS ARE LITTLE DOUBTFUL ST. LOUIS, Jan. 2.-That some of the assets listed by the Bankers Trust company of St. Louis when it went into the hands of a receiver are of doubtful value was stated today by Leon W. Quick, receiver, in his report filed with the circuit court. The Bankers Trust company owned stock in small town banks in Missouri and Arkansas. It did not transact a banking business in St. Louis. The report filed today says: "The receiver does not attempt to pass upon the validity of many of the claims against the company, neither is he prepared to attempt to estimate the value of any or all of the assets of the company. "Nearly all the bills receivable are past due, many of them are unse cured, others secured by collateral of doubtful security."
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TRUST COMPANY ASSETS OF DOUBTFUL VALUE TBY MORNING JOURNAL SPECIAL LEASED WIRE) St. Louis, Jan. 2.-Some of the 0.8sets listed by the Bankers' Trust compapy of St. Louis when it went into the hands of a receiver are of doubtful value, Leon W. Quick, receiver, said today in his report filed with the circuit court. The Bankers' Trust company owned stock in small town banks in Missouri and Arkansas. It did not transact a banking business in St. Louis, The receiver also reported to tife court the following: There is due $163,000 for equipment and material for the San Antonio, Uvalda & Gulf railroad of Texas, financed by the Bankers' Trust company, but this was not carried upon the books of the Bankers' Trust company B8 a liability. Railroad bonds of $3,949,000 were carried as an asset at par value. Unsecured railroad notes, amounting to $348,000 were carried as an asset.
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BANK ASSETS ARE OF A DOUBTFUL VALUE RECEIVER CANNOT PASS UPON SOME ASSETS OF DEFUNCT ST. LOUIS TRUST CO. St. Louis, Jan. 2.-That some of the assets listed by the Bankers' Trust Company of St. Louis when it went into the hands of a receiver are of doubtful value was stated today by Leon W. Quick, receiver in his report filed with the circuit court. The Bankers' Trust Company owned stock in small town banks in Missouri and Arkansas. It did not transact a manking business in St. Louis. The report filed today says: "The receiver does not attempt to pass upon the validity of many of the claims against the company, neither is he prepared to attempt to estimate the value of any or all of the assets of the company. Nearly all the bills receivable are past due, many of them are unsecured. others secured by collateral of coubtful security." The received also reported to the court the following: There is due $163,000 for equipment and material for the San Antonio, Uvalde and Gulf railroad of Texas, financed by the Bankers' Trust Company, but this was not carried upon the books of the Bankers' Trust as a liability. Railroad bonds of $3,949,000 were carried as an asset at par value. Unsecured railroad notes amounting to $348,000 were carried as an asset.
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# SAYS BANK FAILURE # BANKRUPTED HIM Dr. F. W. Gale of Marquand Files Petition With Commissioner Here. Dr. Frank W. Gale, of Marquand, a physician and surgeon, yesterday filed a voluntary petition in bankruptcy in the U. S. District Court, showing in his schedule of assets and liabilities filed that his difficulty was due to investment in stocks now worthless of the Bankers Trust Co., of St. Louis, a defunct concern formerly run by J. E. Franklin. Dr. Gale's liabilities total $16,596.46 including many claims secured by the worthless Bankers Trust Co., paper. His assets amount to $5,166.35, and he has assets in action before the court amounting to $20,238.50. The claims that are secured by the Bankers Trust Co., stocks are no better than the unsecured claims of which there are $200 worth, so far as the value of the collateral is concerned. He owes the Bank of Madison County of Fredericktown, Mo., $2200 on a promissory note at 8 per cent interest, secured by sixteen shares of the Bankers Trust and a $1000 life insurance policy. Charles Whitener, of Zion, Mo., holds a similar note for $900, W. A. Kinder, one for $800. The Farmers Bank, of Farmington, holds a note for $2000 secured by ten shares of Miners Lumber Co. stocks and fifteen of the Bankers Trust. The lumber stocks are worth $1000. Mrs. Callie Ward, of Fredericktown, holds a promissory note for $1350 secured by a deed of trust on his homestead, and the Mississippi Valley Trust Co., of St. Louis, holds a note for $2725 secured by sixty-two shares of Bankers Trust which have been sold and there is a suit pending in Circui' Court of Madison County to recover the balance on the note.
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ST. LOUIS BANK CLOSES DOORS OWING $900,000 With Institution Neighborhood Many Depositors in Examiner's Hands. ST. LOUIS, November 8.-The Broadway Bank, a neighborhood institution in the southern part of St. Louis, with deposits of approximately $900,000. did not open its doors today. The bank was taken in charge by a state examiner today. The last official statement of the institution, issued September 2, gave the deposits at $814,000; capital, $100,000. The resources, according to the statement, included loans and discounts amounting to $691,000. The bank was a member of the St. Louis Clearing House Association. It was affiliated with the Bankers' Trust Company, now in a receiver's hands, and the suspension is said to be due loans on securities of speculative and development enterprises in which the Bankers' Trust Company was interested and promoted.
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Bank Closes Door St. Louis, Nov. 8--The Broad bank Bank, a neighborhood institution in the southern part of St. Louis, with deposits of approximately $800,000, did not open its doors today. The bank was taken in charge by a state examiner today. The last official statement of the institution, issued September 2. gave the deposits at $814,000; capital, $100,000. The resources, according to the statement. included loans and discounts amounting to $691.000. The bank was a member of the St. Louis Clearing House Association. It was affiliated with the Bankers' Trust Company, now in a receiver's hands. and the suspension is said to be due loans on securities of speculative and development enterprises in which the Bankers' Trust Company was interested and promoted.