First National Bank (Breese, IL)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
May 31, 1934
Location
Breese, Illinois (38.611, -89.527)
Bank Type
national
Charter Number
9893

Metadata

Receivership Details

Depositor recovery rate
72.4%
Date receivership started
1934-05-31
Date receivership terminated
1938-06-22
Share of assets assessed as good
76.5%
Share of assets assessed as doubtful
21.4%
Share of assets assessed as worthless
2.2%

Notes

The articles focus on the receivership period and a scandal involving the receiver; they do not describe the initial suspension or a run.

Events (4)

1. November 23, 1910 Chartered
Source
historical_nic
2. May 31, 1934 Suspension
Cause
Government Action
Cause Details
The bank was placed in receivership by federal authorities.
Newspaper Excerpt
Harry Lang of Lebanon, is clerk the local First National Bank, under Receiver Fred Manny
Source
newspapers
3. May 31, 1934 Receivership
Newspaper Excerpt
Fred Manny, who formerly held the position as receiver for the First National Bank at Breese
Source
newspapers
4. May 31, 1934 Receivership
Source
historical_nic

Newspaper Articles (4)

Article Text

OF INTEREST ITEMS

Walter Leitsch Carl Deutsch, and visited of this city, were old, both years in local by being placed punished boys weer playing jail. The two city near the fire Sunday afternoon with and and Main street, Zirkel building on of the fire spreadthere was danger Police family Chief of to the building. notified and the S. Holtgrave was jail short time. boys were placed in in there Sunfew hours Carl spent could not be afternoon. Wally day not until early found, and Monday that Mr. Holtgrave and visited by to his home, found him, going about an hour, he him in jail placed Mr. he released. Wally after which was Louis, and cool in said was nice Wolters and Mr. and Mrs. Henry their home in departed for evening, af Detroit, Michigan Sunday since last Tuesday ter here Wolters' Mr. with parents, Mr. Wolters mem Kruep. force in Detroit. ber of the police Mottin and famMr. and Mrs. spent Sunday ily of Rich Kruep. here with and Mrs. daughter Mr. and the here to spend a few Marie, staying days her Wieland, of Calumet City, John A. Ill., candidate for the Democratic Public Instruction. on ticket, spent short time in this Friday He was introduced E. R. local voters by numerous Haag, of this city. of EdwardsJames Jordan and son ville, III., about completed the the water tower at painting the local hat factory Lang of Lebanon, is Harry clerk the local First National Bank, under Receiver Fred Manny Mr. and Mrs. Henry Schuette and III., of Red Bud, Louis Schriever Mrs. with Elmer visited here Sunday Schuette. Louis, visited Strake of St. Frank relatives Sunady. with Brockenfeld and son Mr and Mrs. friend, of Quincy, and his lady were visitors here Saturday Mrs. Geo. Buehler returned home with Mr. and after visit Sunday other relatives in Mrs. Jim Ross and Louis since Friday East St. Garlich Edwin and night from turned home Sunday left here the west. They trip went Tobias. weeks ago Garlich visited where Mrs. Nebraska, with her train there for boaded Rohde night and Sunday city with and spending returned Sunday the hotel visited Clyde Pitt to Paon his way Sunday Kentucky, he ducah, His remained making preparations to move. Mrs. Miller returned Mrs. Henry Stuever spending the past three months her son who Belleville, with ill. Indians defeated score Sunday Batteries for Breese Bud Maue and R. Ess. Carlyle Albot and H. Albot and R. Hollenkamp. Mr. and Mrs. Edwin Garlich goods to Nashville Tuesday, where make their Garlich been future home. the local high school teacher in but has resigned the past years, to become his position in the NashMr. Garlich ville high school. the Illinois University graduate work. He and majored in well for his work, and and interested being very in school work, and good citizen. loss the community to see Mr. Garlich and his wife leave. Mr. and Mrs. Theo. Peltes and Mrs. Anton Boeing motored to Kirkwood, Mo. Sunday to view the mains of John Markus, a distant relative to Mrs. Boeing. Mr. Carl Brockmann Detroit, Michigan, are visiting here mother The tomato crop is good around Breese, especially those took and them of plants gave care Emerof Dr. Harry plenty one of these. He has fine his home in the north garden at the city, which lead by the he has raised mato Already weigh two pounds Ben Wolter of Detroit, Mich. parted for his home in Detroit, here Sunday after spending He accompanied back by Vincent Knies will visit there Mr. and Emmanuel Jones Mrs. Elizabeth Jones of Mr. and Mrs. Harry Ill., visiited with Payne here Sunday afternoon Bernard Zander and Miss Sally Bolof St. Louis, visited linger Pollmann and famMrs. Herman iy Arnold Sunday. Schmidt of St. Louis visited here Sunday with his parents, Mr. Schmidt family and Mrs. Mr. and Mrs. Charles Blake and daughter, Margaret visited with relatives in St. Louis Sunday. Miss Alice Lipscomb of St. Louis, visited with mother, Mrs. Anna Lipscomb here Saturday and Sunday. Misses Derothy Strake and Catherine Niemeyer Some Tuesseveral days with day after spending relatives in St Louis.


Article Text

EX-BANK RECEIVER INDICTED AT CARLYLE

Grand Jury Accuses Illinoisan of Attack on Young Woman at Breese.

SPECIAL DISPATCH TO THE GLOBE-DEMOCRAT. CARLYLE, ILL., November 19.β€”The Clinton County grand jury returned fifteen indictments today before Judge William B. Wright.

Among the true bills is one against Fred Manny, who formerly held the position as receiver for the First National Bank at Breese, charging him with assault. The prosecuting witness is Miss Viola B. Petermeier, 20, of Breese, who was employed in a tavern located near the bank, and she charged it was in this place that the alleged assault occurred.

A complaint was filed in the court of Police Magistrate Otto Beier, in Breese. The defendant waived a preliminary hearing, gave bond signed by his father, of Mt. Sterling, Ill., and was held to await the action of the grand jury.

Manny is about 38, has a family and resides in Mt. Sterling. He could not be reached for a statement.

Another indictment charges Mrs. Hester Backs Brown, 20, of Carlyle, with bigamy.

Krenski is charged in one of the indictments with the holdup of Hathaway and Miss Davison, who were robbed of $11.45 and a watch.

Monday night, Krenski, who is held at Police Headquarters, attempted to commit suicide by slashing his wrist with the broken handle of a tin cup. He was prevented from inflicting serious injury to himself by the presence of a prison guard, who passed the cell and saw the boy's wrist bleeding. After being treated at City Hospital he was returned to his cell.


Article Text

EX-BANK RECEIVER INDICTED ON GIRL'S CHARGE AT CARLYLE

CARLYLE, ILL., Nov. 20β€”(AP)β€”The Clinton county grand jury returned fifteen indictments today before Judge William B. Wright.

Among the true bills is one against Fred Manny, who formerly held the position as receiver for the First National bank at Breese, charging him with assault. The prosecuting witness is Miss Viola B. Petermeier, 20, of Breese, who was employed in a tavern located near the bank, and she charged it was in this place that the alleged assault occurred.

A complaint was filed in court of Police Magistrate Otto Beier in Breese. The defendant waived a preliminary hearing, gave bond signed by his father, of Mt. Sterling, Ill., and was held to await the action of the grand jury.

Manny is about 38, has a family and resides in Mt. Sterling. He could not be reached for a statement.

Another indictment charges Mrs. Hester Backs Brown, 20, of Carlyle with bigamy.


Article Text

FRED MANNY CASE TO MAY COURT TERM

Fred Manny, formerly Receiver of the First National Bank of this city, charged in an indictment containing three counts as the result of the testimony before the recent grand jury deliberations given by Miss Viola B. Petermeyer of this city, has retained the services of Maurice B. Johnston, well known Carlyle attorney, to look after his interests.

The defendant has filed bond for $1,000.00 signed by his father, Walter I. Manny, of Mt. Sterling, and W. B. Davis. By agreement the hearing of the case was continued to the May term of court.

One count in the indictment charges Manny with assault with intent to rape, and the other two with assault. The alleged assault occurred on July 16th in this city.

Miss Petermeyer at the time was employed in the O. Baier Cafe as a waitress.

ers in the county. Unless there is a stretch out of regulations to include a certain per cent of registered unemployed, or relief workers are brot in from other counties, the pending projects, like in Breese township and other communities, will continue to lag because of lack of man-power.

The issuance of bonds for the purpose of qualifying for a WPA allocation for highway improvements in Irishtown was authorized at a special election held in that township last Thursday by an overwhelming majority, but the materialization of the project will be held up temporarily at least until the validity of the election can be established through competent legal authorities. The necessary petitions for the special election were filed, notices posted and other requirements of the law apparently complied with, but the official ballots were typewritten slips of paper containing these words:

"Shall bonds for the purchase of trucks and their upkeep during the project and for hire of tractor, as needed, all to be used for road purposes on Project No. G 72,533 WPA for Irishtown Township, be issued for $4,000?" Two spaces were provided where the voter could indicate a preference by checking "Yes" or "No."

The results were as follows: Precinct No. 1, which embraces Keyesport, 135 for and 20 against; No. 2, lower Irishtown, 55 for and 17 against or a grand total of 227 for and 37 against.

It is proposed to improve approximately fourteen miles of roads with gravel from the pits west of Keyesport which are conveniently located.

There appears to be considerable doubt among both friends and the small minority opposed to the project as to the form of the official ballot because it was typewritten and no attempt was made to designate the two separate polling places on the outside of the same.

Generally speaking the Australian Ballot law provides for the designation of the polling place on the outside of the ballot, and Section 26, providing that none but ballots provided in accordance with the provisions of this act shall be counted, are mandatory, and hence none of the ballots cast at a special town election authorizing a road tax and bonds, on which there was no attempt to designate the two separate polling places were valid, and neither the tax nor the bonds can be sustained as legally authorized. The above citation is from Section 117, laws on Roads and Bridges, Smith-Hurd 1933 Revised Statutes.

Section 120 says: "Such special election shall be held at the place of the last annual town or district election and shall be conducted and returns made thereof be made in the same manner as the regular annual town or road district elections."

But there seems to be some doubt after all as to the obligations of the election officials to proceed under the above requirements insofar as the same pertains to the form of ballot. The Australian Ballot Law does not apply to all elections, locally speaking and for this reason it is held that the typewritten ballot may be held to be valid after all regardless of the usual certification by the town clerk failing to appear on the outside of the same.

However the sentiment seems to prevail in certain influential quarters that the "longest away around" after all may be the "shortest away across," which means the filing of new petitions, new notices, new ballots and another election. It is pointed out that this procedure would remove all doubt as to the legality of the bonds the validity of which might be attacked by an objecting taxpayer, or for example a railroad corporation.

In regards to the Breese Township project nothing more has been learned.