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Depositors' Run Forces Chicago Bank Close Chicago, Aug. Citizens Trust and Savings Bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were This bank is the third south side bank closed during the last week.
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BANK IS CLOSED. CHICAGO The Citizens Trust and Savings bank was closed by the state auditor Tuesday following run on the bank during which $500.000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
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Chicago Bank Closed After $500,000 Run CHICAGO-(P)-The Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $300.000 in deposits were withdrawn. This bank is the third South side bank closed during the last week.
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Third South Side Bank Is Closed At Chicago Chicago, Aug. the Assoclated Press Citizens' Trust and Savings bank closed by the state auditor today following run on the bank during which in deposits were This bank the third south side bank closed during the last Silver. New the silver,
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Chicago Bank Closed After $500,000 Run Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500.000 in deposits were withdrawn This bank is the third South side bank closed during Lt. Gov. Huber Files Nomination Papers Henry Huber filed nomina tion papers for re-election with the secretary of state today
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RUN ON CHICAGO BANK ENDS AS BANK CLOSES Chicago, Aug. 5, Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
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CHICAGO BANK CLOSED. CHICAGO, Aug. The Citizens Trust and Savings bank was closed by the state auditor today following run on the bank during which $500,000 in deposits were withdrawn. This bank is the third South Side bank closed during the last week.
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CHICAGO BANK CLOSED. CHICAGO. Citizens' Trust and Savings bank was closed by the state auditor Tuesday following run on the bank, during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed durink the last week
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Chicago Bank Closed After a $500,000 Run Chicago, III., Aug. (P). The Citizens' Trust and Savings bank was closed by the state auditor to day following a run on the bank in which 500 thousand dollars in de posits were withdrawn. This bank is the third South Side bank closed during the last week.
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Chicago Bank Closed After a $500,000 Run Citizens' Trust and Savings bank was closed by the state auditor today following a run on the bank in which 500 thousand dollars in deposits were withdrawn This bank is the third South Side bank closed during the last week.
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BANK CLOSES AFTER "RUN" CHICAGO (AP)-The Citizens Trust and Savings bank was closed by the state auditor Tuesday following a run on the bank during which $500,000 in deposits were withdrawn. This bank is the third south side bank closed during the last week.
Blocks Attempt of Former Bank Official to Grab Cash An interesting side picture as to what some bank receivers encounter in the liquidation of suspended banks is brought to light in connection with the Citizens Trust and Savings bank, 55th and State Sts. Recent action of the supreme court saved $100,000 for the depositors. From the time establishment about Jan. Oliver Smith was president and director of bank. 1922 Ossian Cameron was director of the The bank suspended business Aug. 1930 and 25 per cent dividends have been paid to the depositors. presented to the receiver his claim of sented his claim of both The receiver refused these and accept petitioned the superior court of Cook couny for their allow controversy at issue and referred to master in chancery Attorney Gives Facts The report before master's 1932 court sustained the master judgment Appeal the the of Illinois affirmed the court July further appeal to the court of Illinois preme was finally disallowed appeal on Oct In the claims alleged that Citizens bank had converted 582 shares which theretofore were the stock property of Oliver F. Smith his right of action to 110 shares having been assigned to Ossian Cameron that the claims thus represented the leged conversion of 472 shares on the part of Oliver Smith and 110 shares on the part of Ossian Cameron. The evidence at the hearings the claims outlined by Edward Hess. counsel for the receiver, developed general That in the summer of 1921 the sued of Citizens Trust and Sav ings bank in condition: that Smith had sold stock to sometimes giving them certificates and sometimes merely that late these coming in for there unissued stock and all the authorized stock of the bank had been and in fact Smith had overcovered. the state Illinois ly ordered them Have you heard of Irene Castle? Of course have you'll chance to see her in person Dec. 28.
Made Deputy Receiver of Two Closed Banks J. Turner Wall, well-known business man of Chicago, has been appointed as deputy receiver in charge of the Citizen's Trust and Savings bank and the Roosevelt Bankers State bank by W. L. O'Connell, general bank receiver for the state of Illinois. As soon as the inventories of these banks have been checked all records and securities will be moved from the Loop to the Binga State bank at 35th and State Sts.