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Comptroller of the Currency Kane recelved word to-day from National Bank Examiner Seybolt, of the closing by the directors of the First National Bank of Sutton, Neb. A large shortage was reported by the examiner. Frank B. MeCormick was appointed receiver.
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SUTTON BANK CLOSED. Lrage Shortage in Accounts of No. braska Institution Reported. Washington, Nov. 5.-Acting Comptroller of the Currency Kern received word today from National Bank Examiner Soybolt of theo losing by the directors of the First National Bank of Sutton, Neb A large shortage was reported by the examiner. Frank B. McCormick was appointed receiver.
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National Bank Is Closed. Washington, Nov. 5.-Acting Comptroller of the Currency Kane received word today from National Bank Examiner Seybolt of the closing by the directors of the First National Bank of Sutton, Neb. A large shortage was reported by the examiner. Frank B. McCormick was appointed receiver.
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Shortage Closes Bank WASHINGTON, Nov. 5.-Acting Comptroller of the Currency Kane received word today from National Bank Exam'ner Seybolt of the closing by the directors of the First National Bank, of Sutton, Neb. A large shortage was reported by the examiner. Frank B. McCormick was appointed receiver.
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Nebraska Bank Closed. Notice that the First National Bank of Sutton, Neb., was closed today by the directors on account of a big shortage was received by Acting Comptroller of the Currency Kane from Bank Examiner Seybold. Frank B. McCormick has been named as receiver. The condition of the bank at the last report showed loans and discounts of $177,840 and deposits of $159,103.
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Nebraska Bank Closes Doors. Washington, Nov. 5.-Acting Comptroller of the Currency Kane received word from National Bank Examinet Seybolt of the closing, by the directors, of the First National bank, of Sutton, Nebraska. A large shorta was reported by the examiner. Frank B. McCormick was appointed receiver.
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NEBRASKA BANK CLOSED. First National of Sutton Short in Accounts, Reports Examiner. The First National Bank of Sutton, Nebr., closed its doors yesterday on account of a shortage, according to & telegram received from National Bank Examiner Floyd Seybolt by Acting Controller of the Currency Kane. The bank had & capital and surplus of $32.182, and assets, according to the report of its condition on October 31 last, of $234,603. Individual deposits amounted to $159,103. Frank B. McCormick has been-appointed receiver for the bank.
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Nebraska BOARD MEMBERS ARE BACK Railway Commissioners Say Meeting in East Successful. WARDEN'S FATHER IS DEAD Expires at Advanced Age of Eighty Years at His Home in Dawson -Another Call for Warrants. (From a Staff Correspondent.) LINCOLN Nov. 7.-(Special.)-Railway Commissioners Hall and Taylor returned from Washington this morning where they had been attending the session of the Interstate Commerce commission for the last week. They said that there was very little to report outside of what had been covered In the press dispatches, but that the session had been of inestimable value to those who were in attendance. In the minds of those who had been attending the sessions for years the meeting was the most largely attended and more good things brought out than in any previous sessions. The main feature of the session was a discussion of values and methods to be used in securing them. while capitalization of railways was also one of the important questions discussed. The commissioners found their desks piled high with work and will be busy individuals for some time to come, as like ordinary people, work accumulates in their absence and they have to make up for loss of time. Express Company Pays. The Adams Express company has paid its occupation tax under the Smith law passed at the last session of the legislature and the exchequer of the state was made richer this morning by a check of $8,518.28. More Applications Filed. Another state bank may be instituted at Sutton, if the State Banking board considers favorably the application of Wallace & Co. of Exeter and others for the/formation of the City State Bank of Sutton, with a capital of $25,000. This is the third bank to make application to the board to take the place of the First National bank of that place, which is now in the hands of a receiver. State Treasurer eGorge has made a call under date of November 0, for all registered warrants outstanding up to number 204,772, in the amount of $56,000. Governor Morehead received a message this afternoon from Warden Fenton, who was called to Dawson by the illness of his father, that he died this morning. Mr. Fenton was over 80 years of age. F. A. Anderson of Holdrege has been elected captain of Company M of the Fifth regiment, stationed at the Phelps county capital. The election was held this week. Game Warden Gust Rutenbeck and Fish Commissioner O'Brien were in Dakota county this week and stocked Crystal lake with about 6,000 or 8,000 carp, bass and perch. They also seined the small ponds and streams which have become low and endangered the, lives of the fish, and placed them in the lake. This is necessary every year after high water, or there would be a large number of fish which would not survive the winter.
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# WOULD QUASH INDICTMENT Counsel for Thomas H. Matters Seek Abatement of Charges. # JURY IS ALLEGED ILLEGAL Plea on Legal Technicality is Set Aside for Consideration by Judge Morris Until Week from Monday. Thomas H. Matters' case was taken up before Federal Judge Paige Morris when ex-Senator Burkett and W. J. Connell, representing Mr. Matters, offered a motion of abatement in an effort to quash the indictment. Connell for the defense asserted that the grand jury which brought the indictment was drawn illegally owing to the fact that the deputy clerk at Lincoln drew the jurors, when the law declares that the clerk himself must perform this act. Judge Morris did not agree with the defense on this point insofar as sustaining their plea in entirety, but put the case over until a week from next Monday. Matters' attorneys have been arguing ever since the case has been taken up that United States Attorney Howell did not have the books of the bank at Sutton and the papers relative to the case at their disposal for examination. Howell stated in court that everything relative to the case had been in his office for weeks, and on application Matters and his attorneys might peruse them at their leisure. "Your honor, this is merely a sfubterfuge to continue this case, and I don't want to see this ball game called on account of rain when there is no rain," argued Howell. "I am willing this case comes to trial next Monday if the defense guarantees that it will make no effort to continue it." "No, you bet we won't," inserted Mntters, "You don't get me that way." Federal Judge Morris finally set the date for a week from Monday, and instructed Howell to write the receiver at the First National bank of Sutton to send every scrap of paper relative to the books and case, at once, to the United States attorney's office. "Gentlemen," concluded Judge Morris, "this will give all a concerned a chance to straighten this book argument. I set th's case for a week from Monday and you can count that there will be not many rain checks issued by this court at that time unless it's raining very hard."
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# FILE AMENDED ANSWER TO # SUIT STARTED BY MATTERS An echo of the recent trial and convic- tion of Thomas H. Matters in federal court is brought up by the filing of an amended answer to a civil suit started some time ago by Matters against Frank R. McCormick, receiver of the bank. The National Surety company, bondsman for the receiver, in an amended separate an- swer to the civil suit, disputes Matters' original claim that the First National bank of Sutton owed him about $30,000 when it failed, and makes counter claims and set-offs totaling $14,000, alleged to be due the bank from Matters.