9c3ebcfeFull suspension, Books examined
Other: Receiver appointed; permanent closing and liquidation followed (receivership and asset auctions through 1932).
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MASON CITY BANK CLOSES ITS DOORS MASON CITY. TA., Dec. The Security National bank closed its doors here this morning by order of its board of directors who in public statement, declared this act tion was taken to protect the depositors. The loss in deposits since May reported as $600,000 while $225,000 was withdrawn in the last five days depleting the reserve in the Institution. F. F. Potter, national bank examiner is in charge of the institution.
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Closing Of Sixth Bank Announced In Colorado First National, or Rifle, Latest In Chain To Suspend In Three Days. Denver, Col., Dec. 19 (AP).-The First National Bank of Rifle, with capital of $25,000 and resources $200,000, closed yesterday, L. K. Roberts, national bank examiner, announced today. The action was taken at the initiative of the directors. This is the sixth bank closed in Colorado in three days. Texas Bank Closed. Cleburne, Texas, Dec. 19 (A).-The Home National Bank of Cleburne remained closed today when the hour for the opening came. The institution was placed in the hands of national bank examiners by the board of directors. Iowa House Closes After Run. Mason City, Iowa, Dec. 19 (A).-The Security National Bank failed to open this morning. The closing was ordered by the directors after a run which depleted cash on deposit. Victoria (B. C.) Records Quake. Victoria, B. C., Dec. (P).Gonzales Observatory, here, recorded an earthquake, beginning at 8.22 this morning and lasting two hours. The disturbance was placed 5,500 miles to the southwest.
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NUMBER OF WESTERN BANKS ARE CLOSED Sixth Bank in Colorado Closed in Three Others Fail Open Doors. Denver, Colo., Dec. First Bank of Rifle, total L. K. erts, anThe taken at the Initiative the in Colorado The other five are RUN ON BANK CAUSED IT TO CLOSE FOR PRESENT Mason City, Iowa, Dec The Security National bank failed to open The was ordered by the board of directors after run early in week which depleted the cash deposit such an further operation was deemed
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Petition for Good Road. Ida Grove, Jan. 2.-Special: petition has been filed with the board asking for an im proved road between and Schaller. The petition was signed by about 90 per cent of the land owners in that section. It was argued that road No. should have been direct north from Kiron to Arthur and then north to Schaller as the shortest route. Fire In Big Coal Pit. Ida Grove, Jan. big bins coal the electric light plant have been on fire for over week. The fire caused by the sulphur in the coal coming contact with water and 400 tons fuel are in danger. Efforts are being made to empty the sheds soon possible and holes have been cut in the roof of the sheds to let the steam escape. Celebrate Golden Wedding. Rock Rapids, Jan. Special: Mr, and Mrs. E. Roach, of this place, have just celebrated the 50th anniversary of their wedding day. Their had its inception when they were students college. They have resided here since 1882. Mr. Roach lawyer and was member of two Iowa Mine Electrician Killed. Des Moines. Jan. liam Covik, 19, an electrician, was accidently electrocuted today the coal mine of Grimes. He repairing short circuit in an electric when he took hold of live wire. Bank Receiver Appointed. Mason City, Edward Rorebeck, Washington, pointed receiver of the closed Security National bank here by the controller of currency, assumed his duties, taking the place of Bank aminer F. Potter. Boy Dies Burns. Wapello, Jan. old son of Mr. and Mrs. Oscar Dotson dead of burns received when his clothing caught while he was playing with matches. His sister, Geneva, tried to extinguish the flames. Tenant Sues His Landlord. Ruthven, Jan. Silas King is being sued by his tenant, Mills. $3,000 because he failed to provide sufficient water for live stock. King agreed have wells dug, Mills claims, and failed to Des Moines Has 141,441. Des Moines, Ia., Jan. census returns from Des Moines give the population 141,144, Lou Morgans, director of the census, nounced Wedded Century. Ida Grove, Jan. Mr. Mrs. Pearl Carner, Grinnell, celebrated their golden wedding the home of their son in Hayes township.
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BRIEFS MASON second dividend per cent soon be paid positors the closed Security tional bank, stated by Rorebeck, received. The dividend will total $160,000. services for Dr. H. Murphey, head of the erinary anatomy division Iowa State held in Ames today interment the ashes be the cemetery. In suiDr. Murphey body cremated there be no Only the first portion of this request complied DES palm to pine traveling along Jefferfrom New Orleans Winnipeg, stalled in the mud northern Missouri therefore missed banquet arranged bers of the party. Governor the had to pocket his notes for time. DES 77. from Okla., in Des Moines after the the widow rlage has been issued to and Mrs. Lottie Martin, 69.
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MISSING DEPUTY SHERIFF BOBS UP; LEAVES AGAIN Spirit Lake, Ia.-Special: L. E. Ewing, former deputy sheriff, who mysteriously dropped of sight on Easter Sunday, returned to Dickinson county, where he left keys for delivery to Sheriff Paulson and left immediately. Bank Receiver Passes Away. Mason City, Rorebeck, receiver for the Security National bank, died shortly after he suffered a heart attack while attending boxing show He had been in ill health for several weeks. Rorebeck came here from Minneapolis to take charge of the bank's affairs aft. er its closing a few years ago. He is survived by a widow. To Manager Phone Exchange. Correctionville, Ia.-Special: Anhas been made by James Rae, district manager of the Northwestern Bell Telephone company, that Wilbur Holcomb, resident this place and former wire of the telephone company's exchange here, and Anthon, la., has been pro. moted to manager of this branch Mr. Holcomb has been in the employ of the telephone company nine years Phone Firm Improves Home. Spencer, Ia., Special- The Western Electric Telephone company is enlarging its quarters here, putting in more switchboards and more equipment. New office rooms for the manager, J. O. Levea, will be provided rooms now used by the American legion. Seven Nurses Graduate. LeMars, Ia.-Special: The graduating nurses' class the Sacred Heart hospital has been given dlplomas. The graduates are: Nina Hilmer, Lois Hendricksen, Lulu Welter, Marie Arens, Malvina Hentges, Armell Luters, Loretta Linster. Train Kills Truck Driver. Iowa City, Ia.-(P)-Melvin B. Slaymaker, Marengo, was killed at Oxford today when he drove truck in front of a special Rock Island train which was bringing an orchestra from Neodesha, Kan., to the national orchestra contest here. Woman Born at Sea Buried. Maurice, Ia.-Special: Mrs. Ed Ostlund, of this place, was buried in Willmar, Minn. She was 60 years old and was born while en to the United States, on ship. She is survived by her husband and 10 children. Will Build Big Garage. Orange City, Ia.-Special: Preliminary plans are being made for the for 75 feet by 142, to be used by Motor here. The new building will have large show windows, Fair Dates Are Chosen. Spirit Lake, Ia.-Special: Dickincounty will hold its counfair September 11 to 14, and the affair hereafter will called the Dickinson County Club congress. Turkey Dinner Costs $200. Spirit Lake, Ia.-Special: Pleading guilty to larceny of turkey from Charles Deel's farm, Harvey Dowd sentenced to pay fine of $200 and costs. Nurse Examiner Reappointed. Des Moines, Hammill has reappointed Marianna Zichy, Iowa City, as member of the state board of nurse for a twoyear term beginning July 1. Only Will Graduate. Alton, Ia.-Special: Alton high school will close the school year here May 23, when a class of three will graduate.
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BANK RECEIVER MAKES REPORT Security National Has Paid Total of $620,507.02 in Dividends. Assets coming into the hands of the receiver of the defunct Security National bank of Mason City have totaled $1,425,125.13 according to a statement issued Wednesday. Remaining assets uncollected amount to $205,115.65. Liabilities are listed at $779,026.70. Dividends paid to date amount to $620,507.02 and $17,729.36 is given as cash on hand. The receiver's report, dated as of the close of buisness Sept. 30, follows: ASSETS Bills receivable $ 977,149.53 Cash on hand 31,243.23 Assets other than bills receivable and cash on hand 301,677.97 Additional a acquired 15,054.40 Stock assessment 100,000.00 Total of all assets coming into the hands of the receiver $1,425,125.13 ASSETS UNCOLLECTED Bills receivable $146,541.49 Assets other than bills receivable 28,441.15 Additional assets acquired 5,862.95 Stock assessment 14,270.06 Total assets uncollected $205,115.65 LIABILITIES Total claims proved on unsecured liabilities Total unproven unsecured claims Total additional libailities proven Total of all li~bilities $779,026.70 Total dividends paid to date 620,507.02 Cash on hand 17,729.36 It is possible that in the course of time some endurance flyer will manage to stay up long enough to be declared legally dead.-Detroit News.
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Two Bank Auctions. Receiver W. published in Friday's Mason City list assets the Security National bank, Mason City, and advertised the same for sale auction Friday, April The list took four columns of small type. Receiver W. Helden, Swea City, likewise advertising the assets of the closed First National bank, of that town, at public sale.
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Russell, Receiver of National Banks, Also Given Office One of the offices to be established in the new federal building is that of Selby Russell, national bank receiver for this section of the state. Mr. Russell has been assigned room 200 in the building. Mr. Russell is the receiver for national banks in Thompson and Titonka, aside from completing the disbursement of divi idents in the Security National bank of Mason City.