1.
November 12, 1926
The Austin Daily Herald
Austin, MN
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DETROIT LAKES CRASH MORE BANKS
Dual Closings Today Boosts Week's Failures To Three
ONE CLOSED MONDAY
Shooting Of Two Bankers With Financial Crises
[By Associated two Callaway with deposits 000 because of depleted reserves. Closing of the Security State Bank of Detroit Lakes its totaling $780,000. Continuation records of the First National the largest bank in the which closed Monday.
Wounded Better
Word from physicians that Norby and Frank Murphy, county bankers, found wounded in the Callaway bank, were improving The two bank closings, one here the other follow closely he discovery of the wounded bankers behind the locked doors the Callaway State Bank. Sletvold County Attorney clines to comment on the developments today before he has made investigation closing and shooting of the SecurBank, brother of Norby Lake Park. of the two found shot in the State Bank of laway, Becker County, Tuesday. A run on the Security Bank the last was responsible for the according to state bank examiner, now in charge.
2.
November 12, 1926
Morning Pioneer
Mandan, ND
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BANK SHOOTING AFFRAY ENDS IN BANK'S CLOSING
INSTITUTIONS WITH WHICH NORBY AND MURPHY ALIGNED SURPEND Investigation of
State Continues RUN ON BANKS FOLLOWS FIND. ING OF WOUNDED BANKERS
Detroit Lakes, Minn., Nov. 12 (AP) mysterious shooting of Norby and Frank Murphy, Becker county bankers, in the Callaway State bank Callaway early in the week. followed today by the closing two more Becker county banks by the state department. The institutions are the Security State Bank Detroit Lakes, with posits of $780,000 and the Citizens' State Bank of Callaway, with deposits of $150,000 The First National Bank here was closed Monday. H S. Erickson, president of the Callaway bank, is also cashier the Security Closing of the Callaway bank fol. lowed the shooting affray there Tues. day which Frank Murphy, cashier and W. Norby, stockholder were found wounded in the former's of fices. The cause the shooting and who is responsible for it, has not been determined. County Attorney O. Sletvold declined to comment on the developments today before he had more intensive investigation of the clos and shootings. Today the Security State Bank of this place failed to open its doors. J. Norby president of the bank, brother of Norby, the man who suffering with wounds in hospital Shortly after the Security State Bank closed today word was celved here that the Citizens' State Bank Callaway had closed its Whether the bank closings any connection with the unexplained shooting the two Becker county bankers is, point which has not been cleared. County Attorney Sletvold was vestigating the possibility of there being connection. but he declined make any comment on the situathan "was other
Thursday night deputies from the State Bank Examiner's office officals the Security bank and the county with officers of attorney consulted Callaway bank the It was decided to close the bank today. and place all assets in the hands of state banking commis. sion. Mr. Sletvold announced that there no criminal action hinted in the close of the bank Officials said the bank was closed to preserve what was left of the after depositors safely to off pay the state department has had time to go over the books and collect on outstanding paper of the bank been permitted the bank Had of the run althe face open in stay bank and county cials ready assert the result might disastrous to more Closing the Security bank. said, has temporarily halted National plans of the First reorganization in Detroit bank remaining The State Bank, was the Detroit face run. this morning preparing business men on hand. but money off all than pay to more positors. Sletvold said attorney County question Murphy unable to would be wounds until about their and Norby delay is This Saturday sioned after by the condition of the seriously men. the more Norby event he should and in the special grand the called investigate be
3.
November 12, 1926
The Albert Lea Tribune
Albert Lea, MN
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BECKER COUNTY
Security State Bank at Detroit Lakes Fails to Open as quiry Into Shooting of Bankers Is Continued.
Detroit Lakes, Minn., Nov. county the making three in week as officials tinued their investigation of shooting of two bankers. Developments today included: Closing of the Citizens State bank at with deposits because depleted serves.
Closing of the Security State bank of Detroit Lakes with posits totalling $780,000. Continuation of check of the records of the First National Bank, the largest bank the county which closed Monday. Word from physicians that Norby and Frank Murphy, Beckcounty bankers found wounded the Callaway bank were improving.
Norby, president of the Security bank, is brother of Norby of Lake Park, one of the bankers found shot the State bank of Callaway, Becker county, Tuesday. run on the Security bank ing the last three days was responsible the closing, according state bank examiner, now in charge.
4.
November 12, 1926
The Minneapolis Star
Minneapolis, MN
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RUN CLOSES NORBY BANK
Closing of Security State at Detroit Lakes Follows Shooting
The Security State bank of Detroit Lakes of which L. J. Norby is presi. dent, was closed today because of de pleted reserves according to A. J. Veigel, state banking commissioner. run was started on the bank after the recent closing of the First National bank at Detroit Lakes. J. Norby is a brother of W. J. Norby. former cashier of the closed Becker County State bank. who with Frank Murphy. president of the Calla way State bank was found seriously wounded in the Callaway bank on Tuesday Neither Murphy nor W. J. Norby have explained how they were shot. The Security State bank was capl. talized at $25,000 and had $780,000 in deposits.
Three railway systems of the Belgian Congo are to be extended and electrified.
Hanging by a clothes line from an improvised gibbet on the second floor of his home, August Laube, 58 years old, 244 Rondon street, St. Paul, was found dead by his neighbors today. Not having seen him for several days, neighbors entered the house and found the suicide. He had been dead for four days. The body was taken to the county morgue and search was made for relatives.
5.
November 12, 1926
The Bismarck Tribune
Bismarck, Mandan, ND
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TWO BECKER COUNTY BANKS ARE CLOSED State Banks at Callaway and Detroit Lakes Fail to Open Their Doors Today Detroit Lakes, Minn., Nov. 12.(AP)-Two Becker county banks with total deposits of $930,000 were closed today by the state banking department because of depleted reserves. The institutions are the Security State Bank of Detroit Lakes, with deposits of $780,000. and the Citizens' State Bank of Callaway, with deposits of $150,000. The First National bank here was closed Monday. H. H. Erickson, president of the Callaway bank. is also cashier of the Security bank Closing of the Callaway bank followed the shooting affray there Tuesday in which Frank Murphy, cashier, and W. J. Norby, a stockholder, were found wounded in the former's office. The cause of the shooting and who is responsible for it has not been determined. Declines to Comment County Attorney A. O. Sletvold declined to comment on the developments today before he had a more intensive investigation of the closings and shootings. Financial uneasiness started here with the closing of the First National bank with deposits of approximately $800,000. A few months before the Merchants National bank with deposits of $500,000 closed its doors. Today the Security State bank of this place failed to open its doors. L. J. Norby. president of the bank. is a brother of W. J. Norby, the man who is suffering with wounds in a hospital here. Shortly after the Security State bank closed today, word was received here that the Citizens' State bank at Callaway had closed its doors. Whether the bank closings have any connection with the unexplained shooting of the two Becker county bankers is a point which has not been cleared. Investigation Under Way County Attorney Sletvold was investigating the possibility of there being a connection, but he declined to make any comment on the situation, other than he "was investigating." Thursday night deputies from the state bank examiners' office, officials of the Security bank and the county attorney consulted with officers of the Callaway bank. It was decided to close the bank today and place all assets in the hands of the state banking commission. Mr. Sletvold announced that there is no criminal action hinted in the closing of the bank. Officials said the bank was closed to preserve what was left of the assets to pay off depositors safely after the state department has had time to go over the books and collect on outstanding papers of the bank. Had the bank been permitted to stay open in the face of the run already begun, bank and county of ficials assert the result might have been still more disastrous to depositors. Closing of the Security bank, it is said. has temporarily halted plans for reorganization of the First National. The remaining bank in Detroit Lakes, the Detroit State bank, was preparing this morning to face a run, but money is on hand, business men say, to more than pay off all depositors. County Attorney Sletvold said he would be unable to question Murphy and Norby about their wounds until after Saturday. This delay is occasioned by the cond: tion of the men. Mr. Norby is the more seriously wounded. and in the event he should die, Mr. Sletvold said, a special grand jury will be called to investigate the shooting.
6.
November 12, 1926
The Bismarck Tribune
Bismarck, ND
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TWO BECKER COUNTY BANKS ARE CLOSED
State Banks at Callaway and Detroit Lakes Fail to Open Their Doors Today
Detroit Lakes, Minn., Nov. Becker county banks with deposits of $930,000 were closed today by the state banking department because of depleted reserves. The institutions are the Security State Bank Detroit Lakes, deposits of $780,000. and the CitiState Bank with deposits $150,000. The First National bank here was closed Monday H. H. Erickson, president of the Callaway bank. also cashier of the Security bank Closing of the Callaway bank followed the shooting affray there Tuesday in which Frank Murphy, cashier. and W. Norby, stockholder, found wounded in the former's office. The cause of the shooting and who responsible for it has not been determined. Declines to Comment County Attorney A. O. Sletvold declined to comment on the developments today before he had more intensive investigation of the closings and shootings. Financial started here with the closing of the First National bank with deposits of approximately few months before the Merchants National bank with deposits of $500,000 closed its doors. Today the Security State bank of this place failed to open its doors. Norby. president of bank. is brother of W. Norby, the man who is suffering with wounds in hospital here. Shortly after the Security State bank closed today, word was ceived here that the Citizens' State bank at Callaway had closed its doors. Whether the bank closings have any connection with the unexplained shooting of the two Beckcounty bankers is point which has not been cleared. Investigation Under Way County Sletvold was investigating the possibility there being connection, but he declined to make any comment the situation, other than he "was investigating. Thursday night deputies from the state bank examiners' office, officials of the Security bank and the county attorney consulted with officers of the Callaway bank. It was decided to close the bank today and place all assets in the hands of the state banking commission. Mr. Sletvold announced that there no criminal action hinted in the closing of the bank. Officials said the bank closed to preserve what was left of the assets to pay off depositors safely after the state department has had time to go over the books and collect on outstanding papers of the bank Had the bank been permitted to stay open in the face of the run already begun, bank and county ficials assert the result might have been more disastrous to depositors. Closing of the Security bank, said has temporarily halted plans for reorganization of the First National. The remaining bank in Detroit Lakes, the Detroit State bank. was preparing this morning to face run, but money on hand. business men say, to more than pay off all depositors. County Attorney Sletvold said would be unable to question Murphy and Norby about their wounds until after Saturday. This delay occasioned by the cond:tion of the men. Mr. Norby is the more seriously and the event he should die, Mr. Sletvold said, special grand jury will be called to investigate the shooting.
7.
November 13, 1926
The Cincinnati Enquirer
Cincinnati, OH
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RUN CAUSES BANK CLOSING. Detroit Lakes, Minn, November 12 (A. P.).-The Security State Bank here, with deposit of $780,000. was closed today, marking the second bank failure here within week. The First National, the largest bank in Becker County. was closed Monday. Norby, President of the Security Bank, brother of W. Norby. of Lake Park. one of two bankers found shot Tuesday. A run on the Security Bank during the three days was responsible for the closing
CRUSHED IN ELEVATOR. Harry Killinger, 22 years old, 4673 McNeil avenue, Norwood, was crushed to death yesterday morning in an elevator cab at the Kinney-Rome Bed Company's factory. West Water street. Killinger was employed shipping clerk at the factory The accident not discovered until smoke from friction, caused by belt on the elevator. filled the factory The Fire Department life saving squad was called. but Killinger was pronounced dead.
8.
November 13, 1926
The Cincinnati Enquirer
Cincinnati, OH
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RUN CAUSES BANK CLOSING
Detroit Lakes, Minn, November 12 (A. P.).-The Security State Bank here, with deposit of $780,000 was closed today. marking the second bank failure here within week The First National, the largest bank in County. was closed Monday L Norby. President of the Security Bank is brother of W Norby, of Lake Park one of two found shot Tuesday run the Security Bank during the three was re. sponsible for the closing
9.
November 13, 1926
The Springfield Daily Republican
Springfield, MA
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Two Banks Close After After Mysterious Shootings
Detroit Lakes, Minn., Nov. mysterious shooting of bankers in the Citizens' State bank Callaway followed today the closing that and Security State bank here because of reserves. Physicians said another 24 hours elapse will permit to question W. stockholder bank, Frank found the Tuenday suffering from president Callaway bank, cashier of Security bank and both instituclosed caused their The bank posits and the bank had $150,000 deposits. he had found nothing in the closing the banks warrant any action by him. First National shooting of Norby Callaway Security bank," Sletvold's and to the runs that forced their closing.
10.
November 13, 1926
The Independent-Record
Helena, MT
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Two Bankers Shot, Institution Closed
Detroit Lakes, Minn., Nov. 12.-(P) -Mysterious shooting of two bankcrs in the Citizens State bank of Callaway, Minn., was followed today by the closing of that bank and the Security State bank here because of depleted reserves. Physicians said another 24 hours must clapse before they will permit authorities to question W. J. Norby, stockholder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds in the bank Tuesday. H. S. Erickson, president of the Callaway bank also is cashier of the Security bank here and both institutions were closed after runs had caused withdrawals imperilling their resources, the bank's officials said.
Will Live. Norby and Murphy, found unconscious in locked room in the rear of the Callaway bank, were reported improving today but were not out of danger. There has been no defi- nite indication of responsibility for the double shooting. The Security bank here had deposits of $780,000 and the Callaway bank had $150,000 in deposits.
11.
November 13, 1926
Star Tribune
Minneapolis, MN
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Bank in Which Officials Were Shot Is Closed
Callaway Institution Shuts Doors, Along With Detroit Lakes House.
Two Bankers Wounded Tuesday Reported Improving.
Becker county today saw the closing of two banks, making three in week, as officials continued their Investiga tion of the shooting of two bankers. Developments today included: Closing of the Citizens State bank at Callaway with deposits of $150,000, because of depleted reserves. Closing of the Security State bank of Detroit Lakes with deposits totaling $780,000. Continuation of check of the records of the First National bank of Detroit Lakes, the largest bank in the county, which closed Monday.
W. J. Norby and Frank Murphy, Becker county bankers. found wound. ed Tuesday in the Callaway bank, were improving. physicians reported. Closings Follow Shooting. Today two bank closings, one here and the other at Callaway, follow closely the discovery of the wounded bankers behind the locked doors of the Callaway bank. County Attorney A. O. Sletvold declined to comment the developments today before he made a more complete investigation of the closings and the shootings. Financial uneasiness started here with the closing of the First National bank with deposits of approximately $800,000. A few months before, the Merchants National bank with deposits of $500,000 closed its doors. Tuesday Frank Murphy, vice prest dent of the bank at Callaway, Minn., 17 miles north of here, and W. J. Norby. former cashier of the Becker County State bank at Lake Park, were found unconscious in the Callaway bank, with bullet wounds in their
Banks Closed Today. Today the Security State bank of this place falled to open its doors. L. Norby, president of the bank. is brother of W. Norby. one of the men who is recovering from wounds in hospital here. Shortly after the Security State bank closed today. word was received here that the Citizens State bank at Callaway had closed Its doors. The president of the Citizens State bank is H. 8. Erickson. The bank has a capital of $15,000 and surplus of $3,000. Mr. Erickson also is cashier of the Security State bank at this place.
Shooting Is Unexplained. The shooting of Murphy and Norby has not been explained. Neither man. in telling his version of the affair, has been able to say how he was shot. Norby declared that he did not know who shot him. Sletvold reported. he said under questioning Thursday. was sitting at table figuring," the county attorney said Norby told him. "Suddenly heard what seemed to be an explosion. not know what happened after that until regained consciousness. was lying on the floor saw Murphy nearby. felt kind of sick to my stomach and then went downstairs to wash. I lost conscious ness." Norby said that there had been no quarrel between him and Murphy. Murphy told the county attorney that he could not remember what happened. He, too, denied that there had been quarrel. Security Bank Had Run. The Security State Bank of Detroit Lakes closed following three-day run on the institution which was due, busimen say, indirectly to the shooting at Callaway. Thursday night examiners from the state banking department, officials of the Security bank and the county at. torney consulted with officers of the bank. It was decided to close the bank to. day and place all assets in the hands of the state banking commission. Mr. Sletvold announced that there is no criminal action hinted in the close of the bank.
Seek to Preserve Assets. Officials said the bank was closed to preserve what was left of the assets to pay off depositors safely after the state department has had time to go over the books and collect on outstand ing paper of the bank Closing of the Security bank. it is said, has temporarily halted plans for reorganization of the First National. County Attorney Sletvold said he would be unable to question Murphy and Nordby more about their wounds until after Saturday This delay is OC. easioned by the condition of the men. Mr. Norby is the more seriously wounded and in the event he should die. Mr. Sletvold said special grand jury will be called to Investigate the shoot-
12.
November 13, 1926
Evening Star
Washington, DC
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TWO BANKS CLOSE AFTER SHOOTING Mystery of Wounding of Two Men in Minnesota Institution Nnexplained. By the Associated Press. DETROIT LAKES, Minn., Novem. ber 13.-The mysterious shooting of two bankers in the Citizens' State Bank of Callaway, Minn., was fol. lowed yesterday by the closing of that bank and the Security State Bank here because of depleted reserves. Physicians said another 24 hours must elapse before they will permit authorities to question W. J. Norby, stockholder in the Callaway Bank, and Frank Murphy, its cashier, found in the bank Tuesday suffering from bullet wounds. H. S. Erickson, president of the Callaway Bank, also is cashier of the Security Bank here and both institutions were closed after runs had caused withdrawals imperiling their resources, the banks' officials said. The Security Bank here had deposits of $780,000 and the Callaway Bank had $150,000 in deposits. A. O. Sletvold, county attorney, said he had found nothing in the closing of the banks to warrant any action by him. The closing of the First National Bank here Monday, followed by the unexplained shooting of Norby and Murphy, "caused uneasiness among depositors of the Callaway Bank and Security Bank," in Sletvold's opinion, and led to the runs that forced their closing.
13.
November 13, 1926
The Independent-Record
Helena, MT
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Two Bankers Shot, Institution Closed
Detroit Lakes, Minn., Nov. 12.-(P) -Mysterious shooting of two bankers in the Citizens State bank of Callaway, Minn., was followed today by the closing of that bank and the Security State bank here because of depleted reserves. Physicians said another 24 hours must elapse before they will permit authorities to question W. J. Norby, stockholder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds in the bank Tuesday. H. S. Erickson, president of the Callaway bank also cashier of the Security bank here and both institutions were closed after runs had caused withdrawals imperilling their resources, the bank's officials said. Will Live.
Norby and Murphy, found unconscious in a locked room in the rear of the Callaway bank, were reported improving today but were not out of danger. There has been no defi- nite indication of responsibility for the double shooting. The Security bank here had deposits of $780,000 and the Callaway bank had $150,000 in deposits.
14.
November 13, 1926
The Sacramento Bee
Sacramento, CA
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BANKS CLOSED AFTER MYSTERY SHOOTING OF TWO
Officials Found In Bank With Bullet Wounds; Depositors "Run" On Bank
DETROIT LAKES (Minn.). Nov. shooting bankers in the Citizens' State Bank of Callaway, Minn., was followed yesterday by the closing of that bank and the State Bank here because reserves. Physicians said another twentyfour hours must elapse before they will permit authorities to question Norby. in the Callaway bank. and Frank Murphy. its cashier, found suffering from bullet the Tuesday. Closed After "Run." H. S. Erickson, president of the Callaway Bank, also is cashier the Security Bank here, and both institutions were closed after runs had caused withdrawals imperiling their resources, the banks' officials said. Norby and Murphy, found unconscious in the rear the Callaway Bank, reported improving to-day, but were not out of their physicians said. There has been no definite indication of responsibility for the double shooting.
SUFFRAGE WORKER DIES. LOS ANGELES, Nov. 13.-(P)Mrs. Mila Lupper Maynard, 60, author, lecturer and philanthropist, was quite geenrally known for her work on behalf woman suffrage. last night. She came here number of years from Denver. where she was engaged as an editorial writer for the Denver News-and Times.
TO-DAY'S 12 Noon Highest yesterday
15.
November 13, 1926
Record-Journal
Meriden, CT
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Two Bankers Mysteriously Shot As House Closes
Detroit Lakes, Minn., Nov. of two bankers the Citizens' State Bank Minn., was followed today the that bank and the Security State Bank because depleted reserves. Physicians said another hours must elapse before they will perauthorities to question Norby, stockholder the Callaway and Frank its ier, found Tuesday suffering from bullet wounds. Erickson, president of the cashier the Security and closed after runs had caused withdrawals ling their resources the banks ficials said.
16.
November 13, 1926
Star-Herald
Scottsbluff, NE
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Customers Become Suspicious After Two Officials Had Been Found Wounded.
Detroit Lakes, Nov. Mysterious of bankers the Citizens State bank of Callaway, Minn. was followed today by the closof that bank and the Security State bank here because depleted
Physicians said another hours must elapse before they will permit authorities question Norby, holder in the Callaway bank and Frank Murphy, its cashier, found suffering from bullet wounds received the bank Tuesday. H. Erickson, president of the Callaway bank also cashier the Security bank here and both institutions were closed after runs had caused withdrawals imperiling their resources, the banks' officials said. Norby and Murphy, found unconsclous locked room in the the Callaway bank were reported improving today but were not out danger, their physicians said. There has been definite of sponsibility for the double shooting. The Security bank heer had deposits of $780,000 the Callaway bank $150,000 in deposits. Sletvold, county attorney said he had found nothing in the closing of the banks to warrant any action by him. The closing the First National bank here Monday. followed by the unexplained shooting of Norby and Murphy "caused uneasiness among positors the Callaway bank and curity Sletvold's opinion, and led to the runs that forced their closing.
17.
November 19, 1926
The Producers News
Plentywood, MT
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MANY BANKS GO TO WALL Trust Co. Stops Business TWO MORE Kansas City, Nov. 13.-The state finance commissioner was in charge of the Federal Trust company of Kansas City which suspended busiMINNESOTA ness yesterday following recent heavy withdrawals. BANKS FAIL The bank was organized under the state banking laws with a capital of $200,000 and a surplus of $40,000. Institution Where Two Bankers Were Deposits totalled approximately $2,Found Shot Closes Doors - Three 000,000 and resources were listed at nearly $3,000,000. The institution Day Run Shuts Security State. was accorded privileges of the federal reserve system. Two Becker county banks with total P. E. Laughlin, president, said he deposits of $930,000 were closed by thought the deposits were safe. A the state banking department because city deposit of $300,000 was protectof depleted reserve. ed by government bonds. Funds of The institutions are the Security the state of Missouri were covered State bank of Detroit Lakes and the by a surety bond. Citizens State bank of Callaway, scene Laughlin organized the Mid-West of the shooting of W. J. Norby and National Bank and Trust company Frank Murphy, Becker county bankhere 10 years ago. This institution ers recently. was merged in 1920 with the NationFailure of the two institutions al Reserve bank under the name of marked the third bank failure in Becthe Mid-West Reserve Trust comker county within a week. The First pany. It closed a year later. De~ National bank of Detroit Lakes, largpositors were paid but directors and est bank in the county, closed Monstockholders lost investments. A day by order of the board of directshort time later, Laughlin became ors. head of the Federal Trust company. A. J. Veigel, commissioner of banks
18.
November 19, 1926
The Producers News
Plentywood, MT
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TWO MORE MINNESOTA BANKS FAIL Institution Where Two Bankers Were Found Shot Closes Doors - Three Day Run Shuts Security State. Two Becker county banks with total deposits of $930,000 were closed by the state banking department because of depleted reserve. The institutions are the Security State bank of Detroit Lakes and the Citizens State bank of Callaway, scene of the shooting of W. J. Norby and Frank Murphy, Becker county bankers recently. Failure of the two institutions marked the third bank failure in Becker county within a week. The First National bank of Detroit Lakes, largest bank in the county, closed Monday by order of the board of directors. A. J. Veigel, commissioner of banks announced at St. Paul that the deposits of the Security State bank at Detroit Lakes totaled $780,000 while those of the Callaway institution totalled $150,000. Officer in Two Banks H. S. Erickson, president of the Callaway bank, is also cashier of the Security State bank at Detroit Lakes. L. J. Norby, president of the Security bank, is a brother of W. J. Norby, former cashier of the closed Becker county bank of Lake Park, who was wounded in the Callaway shooting incident. Frank Murphy, the other wounded banker, is president of the Callaway institution. W. J. Norby is a stockholder in the Callaway institution. Closing of the Security State bank and the First National bank leaves Detroit Lakes with but one bankThe Detroit Lakes State bank. The remaining bank was preparing this morning to face a run as a result of the closing but money is on hand, business men say, to more than pay off all depositors. A three-day run on the Security State bank, said to have been precipitated by the closing of the First National bank. was responsible for the closing, O. L. Granvold, a state bank examiner, announced today. Closing of the two Detroit Lakes banks, inability to make collections, and depleted reserve, were given as causes of the Callaway failure. The immediateca use for the failure was the closing of the Detroit Lakes bank, it was said. Several years ago Callaway's two banks, the State bank and the Citizens State bank, each of which was capitalized at $10,000, consolidated and were capitalized at $25,000. The State bank was backed by the First National bank of Detroit Lakes and the Security State bank backed the Citizens State bank. When the consolidation was completed, each of the Detroit banks retained an interest in what became the Citizens State bank of Callaway.
19.
November 28, 1926
The Minneapolis Journal
Minneapolis, MN
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DETROIT BANK MAY BE REOPENED
Depositors of Closed Security State Map Steps o Make Possible Resuming Business
Detroit Lakes, Minn., Nov. Chances that the Security State Bank of Detroit 12, the the board of direcwill reopen, here tonight meeting of the dethe Sletvold, Becker county attor was chosen chairman the meeting Selander, of Detroit Lakes, elected secretary was pointed out that the state banking commission advised that since the bank had closed voluntarily the bank's enough and the depositors are willing to meet certain conditions the migh: be reopened. committee, E. O. Hanson, Hage, of Detroit Lakes, Griffin, representing territorq. south the town Gandrud, representing territory north of the city, was named the bank's assets and report state tanking department. As soon report has been made, meeting of depositors be asked to regard to their and thus make run the bank The bank present in charge'of deputy bank examiner.
Fergus Falls Women Plan Museum Fergus Falls, clubs of Fergus are planning to establish historical museum here and are pealing for material show the trend early life.
20.
November 29, 1926
The Bismarck Tribune
Bismarck, Mandan, ND
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Shot fired from trolley car in Berlin, as Paul Loebe, president of Reichstag, addresses outdoor socialist-labor demonstration, grazes head of an organizer; police seize facists. Purchase and distribution of medicinal whisky by a private corporation as now proposed by the treasury department is approved by Wayne B. Whecler of the Anti-saloon League, in Washington. Representative Nelson, Republican, Wisconsin, insurgent leader, expresses belief in Washington that all insurgent members of the house will be reinstated in party councils. Chinese cabinet in Peking tenders resignation in telegrams to five northern war lords, declaring lack of funds prevents carrying on of even the most elementary functions of government. Fergus Falls, Minn.-Gus Comstock, claimant of the world's coffee drinking championship, announced he would meet challenges if there is a purse in sight. St., Pa"!-Northern Pacific announced $3,000,000 rail project for vassey of Montana. Detroit Lakes, Minn. - Depositors of closed Security State Bank decided to take steps looking toward reopening of institution. East Grand Forks, Minn.-Coroner's jury held that Richard Marquette died from accidental burning when fire destroyed Franklin hotel St. Paul-George Gerard, 15, newsboy, was killed by hit and run motorist believed to be bandit who held up grocery store and obtained $50. 1 St. Paul-Executive committee selected Minneapolis for 1927 convention, November 10-13, of Minnesota Education association. Washington-Senator Shipstead of Minnesota favors expenditure of expected treasury surplus in public buildings construction.