218801321 21880
national
4589b245ebf073baCapital injected, Full suspension, Books examined
Click image to open full size in new tab
Indiana Bank Closed. Evansville, Ind., Jan. 17.-Crowds of depositors today assembled in front of the Citizens' National Bank, which temporarily suspended pending an investigation by examiners. There are $1,400,000 deposits on the bank's books. The bank's total assets are $1,900,000; capital and surplus, $267,000.
Click image to open full size in new tab
FAILED BANK IS BESIEGED BY DEPOSITORS Evansville, Ind., Jan. 17.-Crowds of depositors today assembled in front of the Citizens' National bank, which has temporarily suspended pending an investigation by examiners. There are $1,400,000 deposits on the bank's books. The bank's total assets are $1,900,000, and capital and surplus $267,000.
Click image to open full size in new tab
BAD LOANS ARE CHARGED Evansville, Indiana, Citizens' National Bank Closes Its Doors This Morning. (Herald Special.) Evansville, Ind., Jan. 17.-The Citizens' National, one of the oldest banks in this city, closed its doors this morning by order of the national examiner, who is investigating the institution. The directors announce that they believe the bank will pay its depositors in full. Bad loans and an alleged embezzlement are said to be the causes for the suspension.
Click image to open full size in new tab
BANK CLOSES DOORS. Citizens National of Evansville Temporarity Suspends Pending Investigation. Evansville, Ind., Jan. 17-Crowds of depositors today assembled in front of the Citizens' National bank, which temporarily suspended pending an investigation by examiners. There are $1,400,000 deposits on the bank's books. The bank's total assets are $1,900,000. The capital and surplus is $267,000.
Click image to open full size in new tab
National Bank Suspends. Evansville, Ind., Jan. 18.-The Citizens' National bank, one of the oldest and regarded as the strongest banking institution in Evansville, closed its doors by order of the directors.*
Click image to open full size in new tab
Citizens National Bank Evansville Ordered Suspended (Continued from First Page.)
Click image to open full size in new tab
Bank Will Be Reopened. Evansville, Ind., January 21.-It is learned from a high authority tonight that the Citizens' National bank here, which has been closed several day will be reopened in a week or 10 days. It is generally understood that plans have been formulated to start the bank with new capital. It was definitely learned tonight that no receiver will be named for the bank. The capitalists who are said to be back of the deal to reorganize the bank are F. W. Cook of the Cook Brewing company and Allen Gray, one of the wealthiest men in this part of the state.
Click image to open full size in new tab
Bank Likely Will Reopen. Evansville.-Deputy Controller of the Currency W. J. Fowler of Washington, D. C., spent the day interviewing directors and debtors of the suspended Citizens' National bank and the belief is strengthened that a resumption of the institution will result. Arrangements made to pay doubtful loans or to get better securities are reducing the losses. A satisfactory adjustment on loans of nearly $150,000 was effected with losses of only a few thousand dollars, and if this ratio holds good throughout it is said there is no question of resumption.
Click image to open full size in new tab
EX-BANK PREST. GILLETTE PLACED UNDER ARREST Evansville, Ind., June 23.-Capt. S. P. Gillette, former president of the Citizens' National bank, which was suspended for two weeks in January, 1910. following the discovery of many insecure loans, was arrested today on an indictment charging violation of the banking laws. The indictment was PLturned by the federal grand jury at Indianapolis yesterday. Capt. Gillette gave $10,000 bond. He is 70 years old. He was graduated from the United States naval academy during the Civil war but retired from the navy 40 years ago. The losses of his bank were $272,000. The bank was immediately reorganized.
Click image to open full size in new tab
DOWNFALL OF A MAN OF WEALTH Evansville, Ind., June 23.-Capt. S. P. Gillette, former president of the Citizens National bank, which was suspended for two weeks in January, 1910, following the discovery of many insecure loans, was arrested today on an indictment charging violation of the banking laws, The indictment was returned at Indianapolis yesterday. Capt Gillette gave $10,000 bond. He is 70 years old. He was graduated from the United States naval academy during the civil war, but retired from the navy forty years ago. The losses of his bank were $272,000 The bank was immediately re-organized.
Click image to open full size in new tab
ARREST BANKER, $272,000 LOSS Captain S. P. Gillett, 70 Years Old, Naval Academy Graduate. Evansville, Ind.. June 23.-Captain S. P. Gillett, former president of the Citizens' National Bank which suspended for two weeks in January, 1910, because of the discovery of a large volume of insecure loans, was arrested to-day on a federal indictment charging violation of the banking laws. He gave a $10,000 bond. Captain Gillett is seventy years old. He was graduated from the United States Naval Academy during the Civil War, but retired from the navy forty years ago to become a banker. The losses in his bank were $272,000. The bank was reorganized.
Click image to open full size in new tab
GRAND JURORS INDICT FORMER BANK PRESIDENT EVANSVILLE, Ind., June 23.-Captain S. P. Gillette, a retired naval officer, former president of the Citizens National bank which was suspended for two weeks in January, 1910, following the discovery of many insecure loans, was arrested today on an indictment charging violation of the banking laws. The indictment was returned by the federal grand jury at Indianapolis yesterday, Captain Gillett gave $10,000 bond. He is 70 years old. The losses of his bank were $272,000. The bank was immediately reorganized.
Click image to open full size in new tab
CHARGED WITH VIOLATING BANKING LAW IS ARRESTED By Associated Press. Evansville. Ind., June 23.-Captain S. P. Gillett, former president of the Citizens National Bank, which was suspended today for two weeks in January, 1910, because of the discovery of the large volume of insecure loans, was arrested today on an indictment charging violation of the banking laws. Captain Gillett immediately gave $10,000 bond. He is 70 years old.
Click image to open full size in new tab
ARREST BANKER, $272,000 LOSS. Captain S. P. Gillett, Seventy Years Old, Naval Academy Graduate. Evansville, Ind.-Captain S. P. Gillett, former president of the Citizens' National Bank, which suspended for two weeks in January, 1910, because of the discovery of a large volume of insecure loans, was arrested on a Federal indictment charging violation of the banking laws. He gave a $10,000 bond. Captain Gillett is seventy years old. He was graduated from the United States Naval Academy during the Civil War, but retired from the navy forty years ago to become a banker. The losses in his bank were $272,000. The bank was reorganized.
Click image to open full size in new tab
ARREST BANKER, $272,000 LOSS Captain S. P. Gillett, Seventy Years Old, Naval Academy Graduate. Evansville, Ind.-Captain S. P. Gillett, former president of the Citizens' National Bank, which suspended for two weeks in January, 1910, because of the discovery of a large volume of insecure loans, was arrested on a Federal indictment charging violation of the banking laws. He gave a $10,000 bond. Captain Gillett is seventy years old. He was graduated from the United States Naval Academy during the Civil War, but retired from the navy forty years ago to become a banker. The losses in his bank were $272,000. The bank was reorganized.
Click image to open full size in new tab
INDICTED, SHOOTS SELF. Former President of Bank Probably Is Fatally Wounded. EVANSVILLE, Ind., November 26.Capt. Simeon P. Gillette, former president of the Citizens' National Bank of this city, who is under two series of federal indictments for alleged mismanagement of the bank prior to its temporary suspension and reorganization last January. shot himself in the right temple at his home in this city today. His trial was scheduled for December 1, in the federal court at Indianapolis. Physicians say he will die.
Click image to open full size in new tab
CAPTAIN SIMEON P. GILLETTE, former president of the Citizens' National Bank of Evansville, Ind., who is under two series of federal indictments for alleged mismanagement of the bank prior to its temporary suspension and reorganization last January, shot himself at bis home in that city Saturday. His trial was scheduled for December 1, but rather than force the ordeal he sought death at his own hands. Another object lesson.
Click image to open full size in new tab
CAPTAIN SIMEON P. GILLETTE, former president of the Citizens' National Bank of Evansville. Ind., who is under two series of federal indictments for alleged mismanagement of the bank prior to its temporary suspension and reorganization last January, shot himself at his home in that city Saturday. His trial was scheduled for December 1, but rather than force the ordeal he sought death at his own hands. Airother object lesson.