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in nearby Gary metropolis of the rich northern Indiana industrial district University of Iowa students and citizens of Iowa City, former bustling corn belt center could not get checks cashed for any considerable amount and there was no way for régular business to proceed The First National and the Iowa Savings Banks which closed today were the fourth and fifth in recent months to suspend
IOWA CITY TO HAVE TEMPORARY BANKING FACILITIES SATURDAY of local business men was to meet again Friday in an effort to draw up plans for new bank or reorganization of either the First Na-
Iowa City to Get Bank Branch Today Cedar Rapids, Ia. Jan 22 John Burianek. president of the People's Savings bank announced today that the bank will open branch office in Iowa City Friday Iowa City has been without bank since the closing of the First National and Iowa City Savings banks early this week.
IOWA CITY, Ia., June filed today Johnson county district court, asking from the closed National bank, its Craig, and County Treasurer Charles The petition filed by CounOlsen and Davis and Hart, of special council. Berry claims have deposited the First National bank The bank records show deposit $6,000. When the bank closed Jan. 20. Berry's the counhad on deposit First National records show balance Craig, the receiver of the bank, records clear that they balance and always balanced. He further states that James O'Meara, teller, handled the deposit the county funds. Henry Negus, attorney for the county claims that Berry had two bank books of the and color and went the bank to deposit the county funds on He claims Berry, upon finding out the wrong bank deposited the money was given duplideposit Negus says Berry later took the book bank and the entry of the deposit made. Craig says he has examined the book and that he doesn't the entry made by any employe of the bank.
Johnson Board Begins Action to Trace Shortage (The Register's Iowa News Service.) IOWA CITY, Notice of court action against Charles L. Berry, Johnson county treasurer, and the receiver of the First Na tional bank was served here Friday The action is an attempt by the board of supervisors to trace the responsibility for shortage of $20,000 in county funds Berry claims to have deposited $26,000 in the First National bank Jan. 2, 1932, while the bank's records show a deposit of only $6,000. The supervisors filed a petition demanding an accounting of the bank and the treasurer, June 17. and authorized attorneys to start proceedings to ascertain the discrepancy Pare of the county's evidence will be a report of Allen, Busby, and Harrigan, Des Moines auditors, who checked the county rec ords last month.
Two Suits Against Bank in Iowa City Come to Court Two suits to establish priority claims of creditors had been filed today in federal district court in Davenport against C. Craig, receiver the First National bank of Iowa City, on transcripts from the Johnson county court In one, Arthur Steindler sets forth claim of $5,000, and in the other, Pearl M. Chapman asks an accounting on notes of $5,500 which were given to the bank for collection. Both state that they carried on their transactions with the late W. dent McChesney, the formerly presiof bank. Steindler says that he paid $5,000 Aug. 5. 1931 for note, cured by mortgage, as an investment. They were never delivered, he contends in his petition. Messer & Nolan, City, are his attorneys. In the second action, it is said that collection was made on the six five per cent gold notes the Electric Public Utilities Co., but that an accounting was never given by the bank. The plaintiff's attorneys are Dutcher. Walker & Ries, Iowa City. The transfer the federal court was obtained by Kenneth M. Dunlop, Iowa City, and Harrison Spangler, Cedar Rapids, counsel for bank receiver, on the grounds that national bank is involved and that the amount suit in each case is in excess of $3,000.
BANK RECEIVER TRANSFER Because the receiver for the First National bank Iowa City permitted more than 30 days to elapse before filing motion for transcript of the case in which he was named defendant from Johnson county to the federal district court at Davenport, Federal Judge Charles Dewey has dered the case returned to the county jurisdiction. The suit involves approximately $5,000 sought by Dr. Arthur Steindof Iowa City, who claims that placed that amount with the bank for specific investment which consummated. Accordingly he asks return of the money preferred payment in the More than days elapsed between the time the original ing the and notice and bond for its removal federal jurisdiction which was contrary to law. Arguments for its return heard Dec. Des Moines.
LOUIS COOK SPEAKS HERE Addresses Assessors at Annual School of Instruction board of and review. addressed the 29 Johnson county assessore meeting held courthouse Thursday morning. Mr. address at the annual called by County Auditor Ed Sulek The county assessors. who begin Monday, also ceived their supplies for the 1933 work the Thursday and Mr. Harrison Spangler torney for the First National and Mr Craig receiver con through afternoon Mr. Berry responded questions that he first discovered the $20 discrepancy when he received January when the First closed He County Attor Olsen went confer Mr treasurer he then saw deposit slip bank made out for the amount checks and added that adding machine tape had total addition figures red and Large Amount Currency Mr Spangler questioned Mr. Berry length entries made the daily cash book and concern ing currency hand various times during the month of Decem 1931 Mr. Berry told Mr. Spangler that was nothing un usual to have large amount currency in the safe in the treas. urer's office Mr. Berry related meeting with the board of supervisors in his of fice January 1932. at which the board counted the cash. Mr. Berry said that he not think the board counted all the money in the treasurer's of fice safe. but that the time he busy making out his semi-anmual statement for board and little attention to their ac- Question About Bank In answer to Mr. Spangler's ques Did any the board mem bers tell you, during 1931, not the First National put money Mr. Berry said that he did not remember but that they might have mentioned sometime be fore January 1932. was brought out by Mr. Berry during by Mr. Spangler that Mrs. Abbie Rate Bickett was waiting behind him part of the time he was window the First Na the tional bank on January 1932 Mr. Berry said that after discov the discrepancy sometime and going to the bank with the county attorney. he had first told Mr. Craig that most but of the deposit when he later checked through he found most of the his in
ACCOUNTANT HEARD IN BANK SHORTAGE IOWA CITY, Jan. 13, (P)-B. J. Meltzer, Cedar Rapids accountant for the First National bank receiver, took the stand for crossexamination today to complete testimony in the district court suit to fix responsibility for a $20,000 shortage in Johnson county funds. The bank receivership and former County Treasurer Charles L. Berry are defendants in the suit resulting after in records of deposits by the bank and those in the treasurer's pass book. Witnesses yesterday were representatives of four insurance com- panies who said that Berry had borrowed $1,300 on insurance policies during that year to cover losses in dealings on the board of trade.
First National Receiver Names McChesney Estate Claim in the total sum of has been filed district court against Mr. Ben Summerwill administrator of the estate of the late W. former president of the First National bank of Iowa City died year Daytona Beach, Fla. The claim was filed by Mr. Craig, of the First Nation. bank. for seven notes signed the former First National bank while he officer of the institution. The notes were the following amounts: $325. $1,000. and addition. the claim includes an ment shares bank totaling The claim filed by Atty. Kenneth M. Dunlop and Atty. H. Spangler. representing the bank receiver. The McChesney estate opened here last November.
Ask Spangler Be Removed as Bank Receiver Counsel July sociated Press) Comptroller of the office said today letter had been received from Iowa asking that the resignation Harrison Spangler Cedar Rapids be demanded as attorney for the receiver of the First National bank of Iowa City No action has been taken. the comptroller's office said. Spangler's removal requested on political grounds, the comptroller's office asserted. The identity of the writer was not intimated that Rep. Eicher had written the letter, however.
Sues For $5,190 On McChesney's Bond Special to The Gazette. IOWA CITY—A judgment for $5,190 against the American Surety company on the bond of the late W. J. McChesney, former president of the First National bank here, was asked in a petition filed in district court here Wednesday by K. L. Lindenmayer, receiver for the bank. The receiver, in his petition, says a claim for that sum against the bank was recently granted Pearl M. Chapman by the federal court. He reports that this sum was granted on an alleged claim that McChesney collected some notes for Mrs. Chapman and failed to account for them. Claiming that the loss of $5,190 is accountable to the acts of McChesney, Lindenmayer asks judgment against the bonding company for the amount. STRAWBERRY POINT — The preliminary declamatory contest will be held at the senior high school here Jan. 29 and the following will participate: Oratorical—Llewellyn Hock, Callistus Houlihan and Bernard Frenchel; dramatic—Velma Carpenter, Marvin Merritt, Garnet Sargent and Mary Sherman; humorous—Elsie Frederick, LaVerne Miller, Lavon Steward, Marvin Snyder and Wanda Lang.
TRANSCRIPT OF $5,000 SURETY Transcript for brought county district court Lindenmeyer, ceiver First National Bank Iowa City against the American Surety New York, was filed federal district court Davenport today. obtained transcript the which based on their alleged liability the company on the bond of McChesney, president of the bank. The receiver claims that the amount of the suit due from company result of decision federal court which awarded claims of to Pearl Chapman and Chapman Iowa against the receiver, Chapmans claimed that sold certain bonds them had never delivered the ceeds.
semble their foster parents more than their true parents? A.—One of the best researches on this point was made by a British psychologist, E. M. Lawrence—analyzed in Schwesinger and Osborn's "Heredity and Environment," the best critical book on this subject. Lawrence found a large group of illegitimate children reared in a uniform environment in an institution still resembled their true fathers about as closely as do children reared in their father's own home. The institution had neither made the children like one another nor very unlike their true parents. The study by Prof. Frank Freeman of the University of Chicago indicated greater influence from environment. Q.—Almost as many women graduate from college as men and they each produce the same number of children per marriage, but do they each produce the same number of children per graduate? A.—Married men graduates produce an average of 1.89 children per man graduate and the women only 1.41, owing to the fact that nearly 90 per cent of the men have married but less than 70 per cent of the college women have found husbands. (Copyright. 1935.) IOWA CITY—George S. Carson, Iowa City, was awarded a judgment of $6.73 against K. L. Lindenmayer, receiver of the First National bank, by Judge James P. Gaffney in district court here Thursday. Judge Gaffney dismissed the bank receiver's petition which sought $508 balance on a promissory note with prejudice.