United States Bank (Crystal Lake, IL)

Episode Information

Episode UID
3892889991577
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
389288999 hash
Start Date
May 29, 1931
Location
Crystal Lake, Illinois (42.241, -88.316)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dc307765f753eb05

Response Measures

None

Description

Closed by state auditor and placed in receivership; bank did not reopen.

Events (2)
1. May 29, 1931 Suspension
Cause
Government Action
Cause Details
Closed/suspended by action of the State Auditor of Illinois (state examination/closure for liquidation)
Newspaper Excerpt
on the 28th day of May, 1931 said United State Bank of Crystal Lake suspended business and was closed by the action of the Auditor of the State of Illinois
Source
newspapers
2. July 2, 1931 Receivership
Newspaper Excerpt
Frank J. Green has been appointed receiver for the United State Bank of Crystal Lake ... affairs of which bank are now in the hands the State Auditor of Public At The State Additor selected Mr Green for this respon Ible duty several days ago, and after a conference ... the appointment was made and confirmed by Judge E. D Shurtleff in the circuit court of McHenry county
Source
newspapers

Newspaper Articles (15)
1. July 2, 1931 The Herald Crystal Lake, IL

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More Than 600 Depositors of United State Bank Favor New Organizatian Planned Enthusiastic Meeting Is Held High School on Friday Night That depositors of the United State bank, closed May 29, wish new bank be organized instead of letting the old institution be liquidated clearly indicated at meeting Friday night the Community High school auditorium when about 650 persons gathered to hear the plan discussed. Most the group depositors, directors and Forman, an active and prominent member of the gion, called the order. He spoke briefly of the plans that had been worked out for organizing bank explained that the meeting had been called get the view the depositors. He then troduced Attorney Henry Cowlin was employed some time the directors to work out plan might result new organization. Attorney Cowlin explained in the work done since the bank was closed. He told of number of meetings of the board directors, they had agreed raise $50,000 more if they were legally liable, how the later meeting had agreed raise $40,000 or much they of were legally liable for and how this had led the of the depositors. He told of the class one, two and three paper of the bank, how the state auditor's office approved of the plan organization, etc. Attorney David Joslyn, who also working the plan Attorney Cowlin, then addressed the group. He went further details outlined by Attor(Continued On Last Page)

2. July 2, 1931 The Herald Crystal Lake, IL

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Frank J. Green Is Appointed Receiver United Appointment Is Made by State Auditor Nelson Still Possible to Re-open Believed That Efforts to Organize New Bank Can Be Carried Out Frank Green of Woodstock has for the United State Bank of Crystal Lake. The made State Au ditor Oscar Nelson. Mr. Green, will assume his duties and take the of the closed bank as soon his bonds auditor's office has had to turn over him the affairs institution. The appointment of receiver this somewhat of surprise for had been believed that long definite efforts were being the made organize bank to take over the the auditor's office would not put receiver charge the institution. Efforts along this line progressing nicely. Still Possible to generally believed that it still to carry out the plans last week to bank. In fact appears that the of receivwill be an advantage to the community. said that in other places Illinois where bank has closed friendly receiver appointed he worked with the people of the community and them in formulating plans for reviving the bank organizing new one take its place. While the people community were perfecting plans and raising money for bank, the receiver has to collect money due the bank, thereby building up the cash resources and has lent aid other ways. believed that Frank Green prove to friendly for the interest of the and the Mr. Green well known throughthe out McHenry County. He directhe American National Bank the Woodstock, served as mayor Woodstock and was candidate treasurer two ago. He county years engaged in business in McHenry county for many years and widely known throughout the county and northern Illinois. believed that he endeavor handle affairs of the closed bank for the (Continued On Page Four)

3. July 3, 1931 The Daily Sentinel Woodstock, IL

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FRANK I GREEN NAMED RECEIVER CRYSTAL LAKE BANK Frank J Green has been appointed receiver for the United State Bank of Crystal Lake, affairs of which bank are now in the hands the State Auditor of Public At The State Additor selected Mr Green for this respon Ible duty several days ago, and after a conference with Mr. Green. the appointment was made and confirmed by Judge E. D Shurtleff in the circuit court of McHenry county Mr. Green at once filed a bond of $100,000 for the faithful performance of his important responsibilities and on Wednesday began work checking and invoicing all of the affaris of To the Daily S entinel Mr Green pas sent word that be hopes to have bank open for the public by next Wednesday or Thursday for the beneit of those persons who have notes nd counts payable to the bank leet all money due the bank and dis tribute it for the benefit of the depositers. In the mean time the plans of the people to organize bank whi take over the offairs of old bank will continue Mr. Green's and a tiviti will Interfere with those plans but instead will ail them Reports are the of Mr. Green for important duty of rebe received favorably the people of Crystal Lake His sperteno in business and in banking wide mintance with the people of Crystal Lake all him in his work nd also assurance that both the creditors debtors of the bank will be protected best of his ability

4. July 23, 1931 The Herald Crystal Lake, IL

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Developments in Bank Are About Same Nothing Definite as to New Organization Receiver Is in Charge Frank J. Green Reports Depositors Are Steadily Filing Claims During the week elapsed since the last issue of The Herald, nothing definite has been the of new bank here take over the United State bank closed May 29. Meanwhile, Frank Green, for the bank, is continuing with his work. Attorneys L. Cowlin and David R. employed by the Board of Directors when the bank was closed, report nothing further just now their for new outlined in the columns Herald in previous issues. This must receive the okeh of the state auditor's office before active work on can be started. Whether this plan carried through remains to be Committee to Meet The depositor's committee, named at depositors the high school June 26, has held meeting, at that time deciding advisable add new members Another meeting be held soon. present, this committee has nothing definite to with tive of The Herald Mr. that his work at the bank favoram doing my best to work the many phases this work for the best of the he stated. "Patrons of the bank, general, shown fine attitude and am very appreciative their and consideration. Claims Being Filed Mr. Green stated that before last week's issue The Herald, the bank was kept unusually busy account word spreading that had to file their claims Thursday noon. As announced in this have 12 weeks which file their claims, effective from June 29. Depositors are now filing their claims leisurely, blanks being obtainable the bank The receiver pointed out that posits in the bank cannot be the liability stockholder This true only when depositor note the bank But the lia bility must be paid regardless of the the bank. Mr. Green stated that must pay his her liability of the liability of the cannot tell later just what the liability of the present but this has nothing to with the stockholders paying their liabilities,' he said. Persons who have safety deposit boxes at the the contents, provided do not owe the bank money. the latter true, notes must be paid before the valuable papers boxes removed. Better Informed Since the filing the suit to enforce liability, number have become excited due the served by the sheriff Woodstock Sept. 28. appear Mr. Green stated that there need no alarm over this the usual customary procedure if the ability is paid there be no need of appearing circuit court. "The Herald very adequately plained the whole situation here the issue of last and patrons the bank have much better derstanding the procedures result," said Mr. Green.

5. July 23, 1931 The Herald Crystal Lake, IL

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Developments in United State Bank Are About Same Nothing Definite as to New Organization Receiver Is in Charge Frank J. Green Reports Depositors Are Steadily Filing Claims During the week elapsed since the issue of The Herald, nothing definite has concerning the organization of new bank here to take over the United State bank closed May 29. Meanwhile, Frank Green, for the bank, is continuing with his work. Henry L. Cowlin and David Joslyn, employed the Board of Directors when the bank report nothing further just now <their for new bank outlined in the columns of The Herald in previous issues. This plan receive the okeh of the state auditor's office before work it started. Whether this plan carried through remains to Committee to Meet The depositor's committee, named of depositors the high school June 26, has one at that time deciding advisable add new members meeting will held At this committee has nothing definite to with representaThe Herald yesterday, Mr. Green that his work receivat the bank is progressing favorably am doing my best to work out the many phases of this work for the best interests of the he stated. "Patrons of the bank, general, have shown fine attitude and am very appreciative of their and Claims Being Filed Mr. Green stated that before last issue of The Herald, the bank kept unusually busy account word spreading that depositors to file their claims Thursday at noon. As announced in this 12 weeks in which to file their claims, effective June 29. Depositors now filing their blanks being obtainable at the bank. The receiver pointed out that posits in the bank be used to offset the liability stockholder. This true only when depositor has note at the bank But the bility must be paid of the in the bank, Mr. Green that must his her pay liability the liability of the cannot tell until later just what the liability of the be at present but this has nothing to do with the stockholders paying their liabilities," he said. Persons who have safety deposit boxes at the bank can remove the contents, provided they not owe the bank money. the latter true, notes must be paid before the valuable boxes be removed. papers Better Informed Since the filing of the suit to enforce stockholder's liability, number have become excited the summons served sheriff Woodstock Sept. 28. appear Mr. Green stated that there need no alarm over this as it the and if the ability is paid there will be no need circuit court. Herald very adequately explained bank situation here the of last and patrons the bank have much better unof the procedures as a result," said Mr. Green.

6. August 13, 1931 The Herald Crystal Lake, IL

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Depositor's Is Retained at Mass Meeting Friday (Continued From Page One) proving efficient in the above capa- Letter Is Read D. W. Kelley, another member of the depositor's committee, then gave short report. have great deal confidence Mr. Green," said. "We invited him to be here tonight but was on short notice and could not arrange to be with He has written a letter to be read tonight." Mr. Kelley then read this letter which was as follows: August 7th, 1931 "Mr. Fred E. Rose, Chairman Depositors Committee, "Crystal Lake, Illinois. "Dear Sir: me to attend your meeting tonight, assure you that it is my and desire to do physically possible for the benefit the positors of the United State Bank of Crystal Lake, Illinois, of which bank am the assure you that have had the best co-operation from the patrons this since have taken the receivership. It duty collect moneys bank, not only from standpoint of loans, but stockholders' liability well. am endeavoring to do this in manner that believe be satisfactory not only depositors of this bank, but the residents Crystal Lake: Stockholders that are deeply interested, all should be in the depositors, should make every effort at once come and pay their stockholders' liawhich just debt and should for any grievance any other cause said stockholders might against connection with this bank in operation, this time. There are several kholders have forward and have they arranging pay their liability and possibly Saturday this week several will have such arrangements to pay their liability. believe that that take this stand and come and not this chartry acter just, have depositors the United State bank of Crystal Lake at heart, and although there some of the stocksume are holders who do not fully understand all the conditions with the stockholders' liability, and for that reason holding back, will come forward and take up their just liability when they had the matexplained them. have the depositors of this bank heart and am going to my duty way which to tect them collect the money that justly due, towards paying the positors, regardless friendship, fear. or favor anyone. have friends this whom would enemies to punish, and believe have the co-operation of the well as the depositors and the borhave had so far, think rowers, there should be no reason matwill work out for the benefit ters not of hope your meeting tonight successful and pleasant and anything do any of the stockcan holders, borrowers any time in the way of advice or help, assisting them in any way sible, will be more than pleased do

7. October 1, 1931 The Herald Crystal Lake, IL

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HAPPY MEDIUM IS BEST Numerous arguments, statements, accusations and have been afloat the past week over the question of parking at the lake, and which exists at the park beach on Sundays and holidays. Let's not get "all het about one end of town fighting the other and the whole community turmoil. Let's smile at each other and attempt to get together and work out sane, sensible solution of what best an annoying problem. have all winter to think the situation over and work out plans for improving conditions next year what they were the past week two the frost will be on the pumpkin and the fodder in the and there wont be anybody on lake front except few skaters will when appear ice is thick So why burst blood vessels this time when we have eight months to the matter. Crystal Lake has enough trouble due to the failure of the United State bank without digging up another problem to scrap about especially when that problem will soon be for eight months old by man weather. We do not mean by the foregoing that the congestion in the park lake does not deserve has been serious problem years and in spite of anything that can be done always will be more troublesome. To the condiare such and will continue such that the whole into matter of regulation, adopting rules governing the the bathhouse, beach the lake front and then actually enforethose rules. writer can recall when the acreage which now the park at lake stinking, unsightly, and generally disgraceful muskrat swamp. No can the present park and say other than that decided the old slough from which converted. We believe that the newcomers to Crystal Lake had seen the old slough existed where the park is located they would agree that the present park more sanitary and sightly, parked cars and seething crowds of humanity On the other hand we agree that the at the lake the past on Sundays and holidays and that due to the conditions which existed, there were very few people living in Crystal Lake and the park district who

8. December 17, 1931 The Herald Crystal Lake, IL

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Proceedings of the City Council Crystal Lake, Illinois, Dec. 1, 1931 Regular meeting of the City Council. John A. Peterson, mayor, presiding. The following aldermen were present at roll call, constituting a quorem; McDonald, Jaster, Kruger, Bryant, Pierson and Meier. None being absent. The minutes of the meeting of Nov. 17 were read and on motion by alderman Meier seconded by alderman Jaster were approved. The following bills approved by the finance committee were presented and Illinois Bell Tel. Co., tele- phone $ F. Muffley, labor 13 50 Chas. Schultz, labor Lee Lockwood, labor 13 50 Alvin Knutter, labor 13 50 Ole Benson, labor 4 50 Sam Oklack, labor 96 Sid Sears, gas and oil 5 09 George Heisler, hauling 37 00 McHenry Co. Coop. Farmers, coal ect 70 69 Rosenthal Lbr. & Fuel Co., cement 21 24 Wm. Bruedigam & Co., repairs 50 C.F. Gumprecht, repairs 9 80 Standard Oil Co., gas & dil Builders Iron Foundry, repairs The Herald Publishing Co., printing Tread Corp., Tread W. S. Darley & Co., repairs D.C. Bacon, gas & oil Public Service Co., lights and 63 50 45 00 17 52 23 59 power 1036 11 Federal Union Ins. Co., Ins. premium 139 30 Tessendorf Bros., repairs Heisler Bootery, supplies Andrew Nelson, labor 22 30 John Fahrenholtz, labor Ralph Jackman, labor C. H. Nelson, labor 13 20 Martin Simon, labor Herman Rapp, labor 25 70 A motion was made by alderman McDonald and seconded by alderman Pierson that the bills be allowed as read and orders drawn for same. On roll call aldermen McDonald, Jaster. Kruger, Bryant, Pierson and Meier voted yea. Nays none. Motion carried. The City Treasurers report of Nov. 30 was read. A motion was made by alderman Meier and seconde: by alderman Bryant that said report be filed. On roll call aldermen McDonald, Jaster, Kruger, Bryant, Pierson and Meier voted yea. Nays none. Motion carried. A plat of Buhrmans Addition to Crystal Lake was presented and read. A motion was made by alderman Pierson and seconded by alderman Kruger that said plat be accepted. On roll call alderman McDonald. Jaster, Kruger, Bryant, Pierson and Meier voted yea. Nays none. Motion carried. The following resolution was presented and read: Whereas the voters of the City of Crystal Lake, a municipal corporation of McHenry County, Illinois, elected one, Florence E. Gilbert of said city, of Crystal Lake, as. Treasurer of said City of Crystal Lake, and thereupon the said Florence E, Gilbert gave a bond as such treasurer to the said City in the penal sum of Fifty Thousand ($50,000.00) Dollars, in pursuance to an ordinance of said City theretofore duly passed and approved, with sureties as follows: W. H. Wilbur, Lynn Richards, A. H. Hale, P. F. Rosenthal, Earl Bryant, Chas. F. Schroeder, G. D. Crabtree, F. H. Schroeder, John Pearson, W. A. Goodwin, Fred Bennett, which said bond in the penal sum of Fifty Thousand ($50,000.00) Dollars was duly signed and sealed by the said Florence E. Gilbert, Treasurer as aforesaid and sureties on the 29th day. of April, 1931 and thereafter on the 30th day of April, 1931 said bond was duly acknowleged before E. T. Huffman, a Notary Public of said County, by the said Florence E. Gilbert, as such treasurer and by the aforesaid sureties; and was on said 30th day of April, 1931 duly approved by the City Council of said City of Crystal Lake, and; Whereas at the time of the making and execution of the said bond the said City of Crystal Lake had on deposit in the United State Bank of Crystal Lake, certain funds of the said City of Crystal Lake, in the name of Helen Diekman as Treasurer of said City, which said funds consisted of general fund, Special funds, sinking funds, refunding bond funds, and sinking fund for municipal well, and that the said Florence E. Gilbert was elected as successor treasurer of said City to the said Helen Diekman and made and executed her said bond as such treasurer as successor in office to the said Helen Diekman; and thereupon the said Florence E. Gilbert as such city treasurer after having duly qualified as such treasurer under the law, took over by transfer upon the books of the said bank depository or otherwise all of the said funds of what name, nature or character soever and became as such treasurer of all of the then municipal funds of said city and that thereafter the said Florence E. Gilbert was the duly elected. qualified and acting treasurer of said City and possessed of all of the municipal funds of said City so coming into her hands or under her possession or control and thereafter as such treasurer received into her hands as such treasurer all moneys, licenses, funds or other emoluments to which said city of Crystal Lake was entitled and by force and effect of an ordinance of said city in full force and validated was required to deposit all such funds of such city in some responsible bank in the city of Crystal Lake, Illinois each day, and; Whereas on the 28th day of May, 1931 said United State Bank of Crystal Lake suspended business and was closed by the action of the Auditor of the State of Illinois, for liquidation or other purposes in accordance with the law, and that said Bank has since and all of the time remained so closed for liquidation and is now in the hands of a receiver, and Whereas, at the time said Bank so suspended business and was closed, as aforesaid, the said City of Crystal Lake, through its said City Treasurer had on deposit in said bank, the following city funds, special funds and money and property of the said City of Crystal Lake, that is to say: "General fund $11,376.56; Special Assessment Funds, derived from for local improvements in said City $52,960.41; Sinking fund for municipal well in said City $852.35, making a total of $65,189.52, and Whereas the said Florence E. Gilbert as such City Treasurer is unable to pay out and distribute or to apply the said funds in accordance with the ordinances of said city and the Statute in such case made and provided and the said city funds so on deposit cannot be used nor can the same be drawn upon by any warrants or by any action of the said City of Crystal Lake, because of the alleged insolvency of the said bank, and Whereas the said City of Crystal Lake, is about to take such action as may be authorized by law, to recover the said funds of the said city from the said Florence E. Gilbert as such treasurer and the said sureties upon her said treasurers bond and to institute such demand, notice and proceeding as may be authorized by law for such purpose and to employ and to arrange for council to help the said City of Crystal Lake in such contemplated legal proceedings and to, arrange for all such steps to be taken for the prosecution of any suit or suits as may be necessary and lawful. Now Therefore, Be it Resolved by the City Council of the said City of Crystal Lake, Illinois, Section 1. That L. D. Lowell, City Attorney of said City of Crystal Lake, be and he hereby is authorized, empowered and directed to take immediate action and steps to prepare and commence a suit in a court of competent jurisdiction of said County to enforce the liability of the said Florence E. Gilbert, as said City Treasurer, aforesaid and the said W. H. Wilbur, Lynn Richards, A. H. Hale, P. F. Rosenthal, Earl Bryant, Chas. F. Schroeder, G. D. Crabtree, F. H. Schroeder, John Pearson, W. A. Goodwin and Fred Bennett as sureties upon her said official bond, and to recover the said municipal funds or to recover the penalty of the said bond to the extent of $50,000.00 and to prosecute any suit or action at law or in equity that may be deemed by said City Attorney. necessary for the purpose of enforcing the right of said City in relation to the said funds and the collection and the procurement thereof as he may deem necessary and proper. Section 2. That owing to the fact of the large amount involved in such prospective litigation and of the importance of such action to the City of Crystal Lake, and its citizens and the tax payers it is deemed important by the City Council that assistance be furnished the said City Attorney by the procurement of the services of William L. Piece, an attorney of Belvidere, Illinois, to assist said City Attorney in the preparation and prosecution of any suit or suits or actions that may be deemed necessary or proper for the purpose of enforcing the liability of the said City Treasurer and her bondsmen upon her said official bond, and we do hereby authorize and empower the said City Attorney to arrange with the said William L. Pierce to assist him in the said proposed litigation to the extent that our said City Attorney may deem necessary, important or wise. Section 3. The said City Attorney is authorized, empowered and directed to prepare said suit or suits, or action in the name of the City of Crystal Lake, Illinois, a municipal corporation against any person or persons who may be necessary or proper parties defendant to any such suit or action. Be it further resolved that a copy of this resolution be furnished to the said City Attorney, and this resolution be spread upon the records of this City. Upon motion of Alderman Bryant and seconded by Alderman Pierson the above and foregoing resolution was duly adopted and approved this 1st day of December, A. D. 1931. On roll call aldermen McDonald, Jaster, Kruger, Bryant, Pierson and Meier voted yea. Nays none. A motion was made by alderman Meier and seconded by alderman Pierson to adjourn. Carried. John A. Peterson, Mayor E. H. Woodbury, City Clerk

9. February 23, 1933 The Herald Crystal Lake, IL

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Firing Bank Receivers Unwelcome Wholesale firing of bank receivers started by State Auditor Edward Barrett Cook county and downstate counties caused deep concern Crystal Lake. reported that Wm. O'Connell, prominent democratic political leader, over the work of the receivers. Republicans charge that the move being made to build up fees paid for by positors in closed banks and rendered especially because an expensive audit would be needed each time receiver changed. Frank Green, receiver of the United State bank, told The Herald yesterday that he knew of change concerning his status here. Mr. Green made an enviable record and him would bring about financial catastrophe that would mean disastrous results here, those familiar the work he has done believe. Local people earnestly hoping that continue as receiver. Suffers Stroke Joe Dietrich suffered paralytic stroke while iting with friends at Gumprecht's Blacksmith Shop. He removed to the home of Fred Dietrich, route 19, where his condition mains

10. July 22, 1933 Belvidere Daily Republican Belvidere, IL

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Crystal Lake Suit Draws to an End Friday marked the close of the trial of the $50.000 debt on bond suit of the city of Crystal Lake against Mrs. Florence Gilbert, former city treasurer. and her bondsmen. one of the longest cases heard in circuit court at Wood stock Judge E. D. Shurtleff presided. The trial has continued at Intervals since the suit was brought in December. 1931. in an effort on the part of the city to force forfeiture of the $50,000 bond to recover municipal funds approximating $60.000 on deposit in the closed United States bank of Crystal Lake. Attorney W. L. Pierce of this city and L. D. Lowell of Crystal Lake represented the plaintiff and Attorneys Charles P. Barnes of Woodstock and Hamilton O. Hale of Crystal Lake defended Mrs. Gilbert and her bondsmen.

11. October 4, 1933 The True Republican Sycamore, IL

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and Nearby James Clark, one of the ten escaped from the Indiana Prison last week, has been identified by Chief of Police Aurora the arrested in in 1925 on charges of burgand who is still wanted for feiture of his bond. invitation has been extended readers of The True Republican attend the of the District Two, association, comprising McHenBoone and Kane counties which be held OctoBatavia. Arthur Vandre of Shabbona by asked court for separation Beulah, who he charges left him in 1927 after being married to him 10 years. The annual Victor homecoming be held the Suydam church on October 7th. of $14,000 to homes institutions caring for dependchildren on old bills was begun last week Rockford by CounTreasurer N. Nelson. The was made possible by the board of supervisors in their September Professional safe crackers made to Elgin last Friday morning. open the safe in the Standard company filling station South and State streets, and made getaway with at least $50 cash. in police arrived too late to escape. The blast great amount damage to interior of the place, causing the entire neighborhood to be aroused. Herbert Van Volkenberg, retired farmer. and Catherine, both and Mrs. Minnie Schultz, Oswego home over the weekend after their harrowing experience with four of the 10 victs escaped last week from Indiana State Prison. They were forced to allow the convicts to cape in their machine. large barn. located near the main residential section in Rochelle. struck by lightning and burned last week during an electric storm. youths, John Harms and Christ Jensen, in the structure when the bolt struck. Sheriff Harry Crawford of Kane county was enlisted last week in the search for Russell Styche, who disappeared from his farm home Burlington the night of August His wife, who has not made such authority useful since that time, said he was probably about farm mortgage due this forthcomspring. Dr. Charles prominent Belvidere physician, died suddenly last week in Chicago of heart attack. Joseph and John Green, both more than 70 years of age, arrived in Aurora last week to spend several days. They had not seen the city since they left. 50 years ago. They are visiting brother there. The home Valentine Dannewitz Little Rock was completely destroyed by fire last week when an explosion clogged chimney cecurred. It gained rapid headway and the strong wind aided its aging that the entire house and Its contents burned. new Ford V-8 sedan, belonging to Mrs. Norris of St. Charles, which stolen from the vicinity of the Arcada Theatre on Sept. has been located at Springfield. On charge of receiving stolen property, Richard Hazelwood of Batavia entered plea of not guilty circuit court, presided by Judge Frank Shepherd last week and was released on his own bond Clarence Ruddy, assistant attorof Aurora, will be the principal speaker at the banquet which to be given at the Somonauk Congregational on day, October will be the 85th anniversary of the church. On Saturday, October the chelle lodge of the Loyal Order of Moose be host to the Legion Moose for their regular Fall Frolic. Harold Grange, the on boy who won fame the versity of Illinois gridiron several years ago and who has recently been playing pro teams, will open night club Chicago within the next few weeks. He will have display all of his letters, trophies earned and several other items interest. Charles Berve, of Berve Rochelle, plays tackle on CorCollege football team of Iowa. He played the Rochelle High school gridders the years from were confiscating six slot chines and near Elgin Monday State's Attorney George Carbary of Kane county filed chargin court against 24 Aurora charging them with of possession slot Raids were made several weeks in ago prominent Aubusiness houses where ported they had been allowed to erate and night.' M. Robert of man Valley, died last week of juries received in an accident tle over week before when the machine in which he was passencollided with another driven Holcomb man. Charged with reckless driving, Kenneth 29, Rockford, arrested late week by gin authorities for failing to pear at hearing last Monday he figured in mixup PinGrove when he forced large truck off the road. The city of Crystal has Lake its against Mrs. Gilbert, city treasurer, her bondsmen, who were directors of the United States Bank of that city the time closed in 1930. Judge Shurtleff handed down decree Woodstock circuit court that she must pay total sum of that being the amount of the bond.

12. December 28, 1933 The Herald Crystal Lake, IL

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Resignation Requested by the Auditor of State Stewart T. Oliver of Woodstock Said to Be Slated for the Job State of Illinois OFFICE OF THE AUDITOR OF PUBLIC ACCOUNTS Edward Barrett Auditor Public Accounts Springfield 20, 1933 "Mr. Frank J. Green, Receiver "United State Bank of Crystal Lake, "Crystal Lake, Illinois. "Dear Sir: the desire of the Auditor of Public Accounts to consolidate in McHENRY COUNTY and, order carry out his program, it will necessary for us to have your resignation, for the UNITED BANK CRYSTAL LAKE, Crystal Lake, Illinois. have, therefore, been quested by the Auditor to forward said resignation earliest convenience, to take effect as you can conveniently be checked out and released. truly yours, "Auditor in charge of Receiverships.' ARD:EM The above letter asking for his resignation was last Thursday Frank Green, for the United State Bank which closed May 1931. Mr. Green forwarded his ation to the state auditor's of fice Tuesday. While had been made up to the time of going press, are the effect that Oliver of Woodstock, of McHenry county's leading Democrats, named succeed Mr. Green. also said Mr. that Oliver will be named of the Citizens' State Bank of McHenry; placing Theo. Hamer, the Spring Grove Bank, replacing Frank nell. Mr. Green will end his duties today. Served 30 Months Mr. Green had served receiver 30 months and made enviable an record in preserving the for assets benefit of the which has, it is believed, been un-

13. December 28, 1933 The Daily Sentinel Woodstock, IL

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GREEN TO RESIGN AS BANK RECEIVER S. T. Oliver To Be Appointed Edward J. Barrett, state auditor of public accounts, who has charge of all state banks in Illinois, both those which are open and those which are closed, has called on Frank J. Green to resign as receiver of the closed United State Bank of Crystal Lake, which has been in charge of Mr. Green for liquidation for the past two and one half years. It is currently reported that Stewart T. Oliver of Woodstock will be appointed to succeed Mr. Green. Mr. Oliver is manager of the Ridgefield Sheep Feeding Yards and during the past two years has been quite active in Democratic politics in McHenry county as a member of the county central committee representing the Second Dorr precinct in Woodstock. He affiliated with the Barrett faction of Illinois politics. Green Served 30 Months Mr. Green had served as receiver for 80 months and made an enviable record in preserving the assets for the benefit of the depositors, a record which has, it is believed, been unequaled in the state of Illinois, considering the condition of the bank when closed says the Crystal Lake Herald. When he took over the affairs of the bank as receiver, there was a depositors liability, outside of preferred claims and offsets of $454,692.66. There was approximately $10,000.00 cash on hand and bills payable of $71,234.32. Mr. Green collected during his term as receiver $234,926.34 from the assets of the bank. He paid off $71,234.32 in bills payable, $41,913.02 in preferred claims and paid 12 per cent from assets of the bank. In his capacity as receiver, he collected $53.666.51 from the stockholders liability without a lawsuit. From this amount he paid a dividend of per cent. The three dividends totaled $95,485.45 or 21 per cent. He has also paid out a large amount in taxes, assessments, and the like to protect mortgages and real estate acquired, which will be returned to the bank when final settlements are made, and had on hand on Dec. 1, $35,230.57. Rupert Case Upheld Following almost on the heels of the request for Mr. Green's resignation came word that the Supreme Court had upheld the Appellate Court decision sustaining the decision rendered by Circuit Judge Edward D. Shurtleff in 'the Wm. H. Rupert case holding that funds misappropriated should be classified as preferred claim as to principal. It will be remembered that the Rupert Estate received an insurance check for $10,000 which was turned over to the cashier of the bank but was never paid to the heirs. The Supreme Court decision will mean no to the but will make It possible to pay an additional dividend of about 5%, due to the fact that there is still a balance of about $10,000 due from the W. S. Fidelity & Guarantee Co. bond covering the officers of the bank. The bond was originally for $25,000 of which about $15,000 has been paid on other claims. Mr. Green has been forced to hold $21,777.50 in reserve until the Rupert and other cases in Court have been settled. The decision in the Rupert case releases about $8000 from this fund, leaving $13,777.59 still to be held pending decisions on other cases now in the courts and making available at this time for a dividend to the depositors of $21,452.98 or slightly less than 5%. Operated Economically Mr. Green, as shown by his reports and audits. operated the closed bank most economically for the benefit of the depositors. The income for the 30 months he was in charge exceeded the administrative expense $100 a month. Administrative expense includes the receiver's salary, clerk hire, and attorney's fees, exclusive of foreclosures

14. February 15, 1934 The Daily Sentinel Woodstock, IL

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AUDITED REPORT OF F.J. GREEN IS FILED IN COURT AsReceiverofBank at Crystal Lake The audited report of Frank J. Green, Woodstock, as receiver for the defunct United States bank of Crystal Lake filed this week in Circuit court here shows receipts totaling $252,464.30 and disbursements amounting to $216,956.99 during the period the institution has been closed. The balance on hand Dec. 7, 1933, when Green retired as receiver is fixed at $35,507.31 in the report. The receipts listed include inventoried balance on hand May 28, 1931, $10,600.69; realization resources $206,423.30; administrative income, $22,599.10; nonadministration income, $373.50; real properties, $7.467.62; money borrowed by receiver, $5,000. Disbursements show the following items: Liquidation of liabilities, $167,564.58; administrative expenses, $21,168.56; nonadministrative expenses, $7,527.94; expenses advanced, real property, $15,612.91; resources acquired by receiver, $83; repayment of borrowed money, $5,000. The report covers the entire period since the collapse of the bank and the appointment of Green by Judge Shurtleff. Mr. Green, former mayor of Woodstock, made a splendid record during the time he was receiver of the bank. Crystal Lake people in general have been loud in praise of the fine work the local man did while at Crystal Lake. Mr. Green resigned recently and the bank is now in charge of S. T. Oliver of Woodstock who was appointed by State Auditor Edward Barrett as an assistant to the state bank receiver.

15. August 16, 1934 The Herald Crystal Lake, IL

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Depositors of the United State Bank Would Like (Continued From Page One) it necessary the receivers to hold sufficient funds to cover them if the held them to be common courts claims. Only statement has been issued receivers since they took by the the affairs the closed bank December; eight months ago. last This published July 12, much more than those formerly issued, but total of in cash, an sufficient to pay per cent dividend of and cash balance of $15,400.75 with the Depositors realize that it necessary for bank to keep some funds on hand but cannot of this $38,000 why fund has been distributed to cash not the past eight months. them during Green Has $7096.72 Green still reFormer the Stockholders' Liability ceiver of in his $7096.fund 72, for dividend purposes, an amount cent dividend sufficient pay per of $4546.92 in his possession balance $2449.80. suits covering $13,000 pending neare receivers to hold cessary both back sufficient funds to cover their liability should courts finally hold valid claims against the these be closed bank. Mr. Green has not distributed the on account the expense inper cent in issuing checks for the small volved amounts, but it said he stands ready to combine per cent dividend from the stockholders liability fund with dividend from the bank receivers at any time Fixtures Being Sold Quite bit equipment the old bank has been sold during the past months. The City of Crystal Lake purchased for $77.50 an electric adding machine, typewriter, beautiful desk, and Adding machines, desks, two chairs. chairs and other office equipment have also been disposed of at low figures considering the 50 Per Cent Expected hen Green resigned as he was questioned as to what the bank should eventually pay out but declined make definite statement. was generally believed at that time, howthose who had been in close ever, touch with him and with the affairs of closed bank and who had the died the made up to that time, that the and economical which he gave, the out to the depositors bank pay between 50 and 60 per cent. Inasmuch as the new receivers have had in their for eight months from $35,000 to $38,000 have as yet out nothing, deposiwondering just what they are tors are to expect. Lawn Party at Stephans Is Huge one hundred and Tuesday evening fifty people Oriole Trail for Stephan on and refreshments. Admission bridge was the proceeds of the afSt. Thomas Bazaar fair going to the Fund. Michael renowned Irish Player, appearing in Woodwho was to have giv. en during the Attend he under doctor's in that and could not attend. Mr. MacDespite the absence the party social and financial viewfrom both a point Mrs. Fred Rudat to Be Hostess to Aurum Bridge ClubClub members "Aurum" Bridge entertained Wednesday the home of Mrs. Walter ternoon McHenry Two tables Meier on of bridge and Club honMrs. Fred Rudat Mrs. Albert Guest Louis Mrs. H. merited Mrs. also Club was the the At the lunch the small tables. the The party Fred Auxiliary Unit Holds Pot Luck Supper With Edith they Auxiliary for American Legion Miss on Oriole Trail. after Edith Purvey which the regular business meeting held. This was the last the Unit was Auxiliary year and inmeeting of the will be held at the next stallation to be announced later. meeting, date Following the business session the guests gathered at the home of Mrs. Roy Schneider on Grant street where cards were played. Honors in 500 Amelia Eibisch, while went to Mrs. D. M. Ewing received the bridge award. Scouts Return From Camp Boy Scouts returned Saturday afternoon from stay Camp Rotary near Cherry Valley. All were enthusiastic over the camp and many more local scouts are anticipating next year's outing. Those who went this year were: Douglas and Elmer Etling, Charles Hauswirth, Mitchell Pearson, Lowell Walkup, Robert Abbott, Clifford and Robert Lippold, Clarke and Curtiss Dufield, Lee Works, Scott Colby, Ray Martin, and Warren Stange. Mrs. Entertains for Mrs. GraffMrs. Fred Peterson enterained few friends Tuesday afternoon at her home on in of Florence Graff of Seattle, Wash. The afternoon was spent in playing bridge, and the hostess served tasty lunch. Guests were: Mrs. Charles Allen of Cary; Mrs. Rose Austin of Woodstock; Mrs. Rose Sullivan and Miss Margaret Sullivan of Chicago; and Mrs. Emma Dezell of this city. Crystal Lake Garden Club to Meet with Mrs. Pomeroyregular meeting of the Crystal Lake Garden Club be held Tuesthe home Edward Pomeroy, Pomeroy avenue, 2:15 please notice change from last Mr. and Mrs. R. Ocock Celebrate 60th AnniversaryMr. and Mrs. Frank R. Ocock their 60th wedMarengo celebrated yesterday. Open ding house was held at their home 329 Elm avenue, from to o'clock and from to in the evening. Mr. Ocock 80 years of age and retired from business only three years and 55 in the leather after years ago in Marengo. was 1854, near Janesville, born June 1, children and the of ten born the United the only and sisters havStates, his brothers England. He the been in ing Ocoek this city. The uncle of latter's parents their 59th wedding anniversary last October. of and Mrs. years age on June 11, born England at the 1855, coming to this country She too was one age of one year. ten children and has five sisters living. married Aug 15, The Ococks were In spite of their 1874 at Woodstock. active in the advanced years, both Church and in Marengo Baptist social affairs of the and interesting thing to note It an of the Ocock brothers celethat three 50th wedding anniverbrated their which is reachsaries, an ed by only few. Are Wed At St. Thomas Church MorningMiss Alice Ostdick of 375 Mrs. Anna bride of ArElgin, thur Maloney, of Mrs. Katherine Maloney Laurel street, Batavia, Wednesday Aug 15. The mass clock by Rev. McCormick in St Thomas Church, the single ring ceremony being used. The bride was attractive in an semble brown crepe and wore of Her sister, Miss felt hat brown. Adelaide Ostick, attended her and was also in gown of brown moss lovely crepe with to match. Both of talisman Clarence Maloney served his brothbest man. after the ceremony wedding breakfast was served at the home of Rev. the bridal and the bride and party groom's mother guests. Mr. and Mrs. short and upon their return make home Batavia. The groom is employed in the office at Seventy Attend Benefit Dinner at Huling benefit dinner Seventy the and bridge Friday spahome Mr. and Mrs John cious the south shore of the lake, ing on members the Tuesday Club. Guests included members of the club and their husbands and guests. The Huling prettily dechome was orated with garden and low filled flowers the three large tables which the guests served deli dinner Guests were Father Beatty Rev. E. priest of St. and Church Father Ridgeway of and Honors bridge awarded to Kuehnert, Jack Housten, Mrs M. Norris, H. This and was and the gracious Mrs. Huling appreciated by the members of the Club. Wedding of Miss Wanda Henry Dunker, Mr and Mrs. Mary Miss and Wilber, Miss Anderson of this city and Harvey who attended the wedding Miss Wanda Ritt, daughMrs. William Ritt of ter Mr. and Schuett of AlAlgonquin, The gonquin, Saturday held of the wedding was Mrs. Schuett is Mrs. bride's parents Mary Dunker' followed the wedding. reception G. H. Pflueger to Be Mrs. Monday Bridge Club hostess MonMrs. Osborn was members the Monday day the Bridge her home Three tables and for bridge Chas. and the playing the At be held the Mrs. H. Pflueger, Monday, Aug. 20. Friends G. Lockwood Surprise on Birthday surprised Glen Lockfew Sunday when they gathwood Woodstock street ered at his on him celebrate his birthday anto help niversary. enjoyed, after which Pinochle refreshments, brought by the guests, were served. Those present were: Mr. and Mrs. George Krause, Mr. and Henry and Mr. and Mrs. Albert Buchert, Kammin. Miss Elizabeth Miller to Wed Floyd Boyer Sunday Miller will become Miss the bride of Floyd Boyer, Sunday, Aug. 19, at pretty wedding the bride's parents, Mr. the home and Mrs. Robert Miller, of near Crystal Lake. The single ring service o'clock by the bride's to be read Willard Purdy, D. of cousin, Mr. Boyer is the son of Mr. and Mrs. James Boyer. Guests include the immediate famiwill only lies. Former Crystal Lake Youth to Wed Chicago Girlbeen of the Word has of William proaching marriage Miss Mabel Shields of Chipert and will take place on Tuescago, which Ruppert well Sept. Mr. known day, here having lived here for of with his mother number years the late Dr. Wm. Ruppert father, Mrs. Ruppert, and graduate high the Crystal Lake Community school. Appear On Personal in appear contest at Personal This evening. of of the last personal those talent, and program Cobb will with saxophone.