4751. Farmers State Savings Bank (Cornell, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
savings bank
Start Date
February 6, 1930
Location
Cornell, Illinois (40.991, -88.730)

Metadata

Model
gpt-5-mini
Short Digest
9369b79f

Response Measures

None

Description

The bank was closed by its directors in early February 1930 for examination because of frozen assets. No run is described; a state-appointed receiver was named in April 1930, indicating permanent closure. Dates taken from contemporaneous newspapers (Feb 6, 1930 suspension; Apr 6, 1930 receiver appointment).

Events (2)

1. February 6, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank for examination because of frozen assets (illiquid or impaired assets) as reported in newspapers; action was voluntary by the board.
Newspaper Excerpt
The Farmers State Savings bank at Cornell closed its doors by voluntary action of its directors Thursday, Feb. 6th. ... The bank ... closed for examination and adjustment. Frozen assets were said to be responsible for the bank's suspension.
Source
newspapers
2. April 6, 1930 Receivership
Newspaper Excerpt
Greenebaum of Pontiac to Handle Affairs of Cornell Institution. ... has been named by Oscar Nelson, state auditor of public accounts, receiver for the Farmer's Savings bank, bank closed its doors recently by order of its board of directors. ... Mr. Greenebaum has already furnished his bond ... and will at once begin the task of untangling the affairs of the Cornell bank.
Source
newspapers

Newspaper Articles (10)

Article from The Des Moines Register, February 8, 1930

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3 Illinois Banks Close Their Doors During Single Day National bank at Milford. III., Friday closed its doors "for the protection of depositors and others The recent resignation of C. Patterson. cashier. caused uneasiness among depositors and small run on the bank Thursday. PANA. ILL. (P)-The Rosamond, with capital stock of $25.000 and surplus of $2,500 failed to open Friday morning. A notice posted on the door of the institution said that the bank was closed for examination and readjustment The Schuyler State bank of Pana with deposits of approximately $2,000,000 closed late Thursday because of frozen assets. BLOOMINGTON ILL. The Farmers State Savings bank at Cornell, closed Friday. A notice posted on the door said the directors had decided to close for examination because of frozen assets.


Article from Chicago Tribune, February 8, 1930

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PANA BANK GETS $250,000 BY AIR TO PREVENT RUN Two Other Institutions Close Doors. quarter of million dollars was brought here by airplane from Chitoday to protect the Pana cago tional bank from withdrawals that this in the wake of began morning the closing here yesterday of the H. N. Schuyler State bank. Although there was small run on the national bank early in the day. arrival of the money by air restored confidence and conditions were virtually normal at closing time. Two additional banks in this dis trict were closed today They were the Rosamond State bank, Rosamond, four miles west of here. and the No. komis State bank Nokomis, thirteen miles east. The Rosamond bank had capital of and surplus of $2,500. A notice posted on the door said the bank was closed for examina tion and The Noko mis bank, state officials said, has frozen assets, but is expected to pay depositors in full. Money Arrives in Two Hours. When withdrawals of more than normal volume began at the Pana Na. tional bank this morning, President C. B. Parris of the institution telegraphed the Chicago Federal Reserve bank to forward $250,000 in cash by airplane. Two hours later plane with armed guards aboard arrived with the money. Sheriff D. L. Dun bar and armed deputies transported the money to the bank's vault. Citizens at massmeeting yester day had declared their confidence in the national bank and President Par ris said today that obtaining funds from Chicago was only a precautionary A number of business houses, in cluding all the meat markets early to day went on cash and carry basis. Heretofore these merchants had car ried their customers for indefinite peri ods. Late today the volume of busi ness was declared virtually normal A number of business, fraternal and social events, including banquets, scheduled for next week, however, have been canceled. Both the Penwell and Pana coal mining companies announced today that they would continue operations at the present Milford Bank Closed. The First National bank of Milford twelve miles south of here. was closed today. A notice on the door said that the action was taken for the protec tion of depositors. Officers said that the bank is solvent, but that run had been feared as the rseult of rumors In circulation. The bank is 53 years old. It has deposits of $350,000. Cornell Bank Suspends The Farmers State bank of Cornell, Livingston county was closed today Directors announced that the action was taken because of frozen assets Louisiana Bank Closed. Bank of Napoleonville of Napoleon ville, La., was closed today by order of the state bank commisisoners be cause of frozen assets and sugar loans Officers of the bank were working on a plan of reorganization Deposits of the bank were estimated at with $500,000 in resources Emile Sundberry former state senator, was president of the bank.


Article from The Omaha Morning Bee-News, February 8, 1930

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FIVE ILLINOIS BANKS CLOSE Farmers State Savings bank at Cornell, closed Friday, one of five similar actions in the state. A notice posted on the door said the directors had decided to close for examination because of frozen assets. The First National Bank at Milford, III., closed its doors "for the protection of depositors and oth ers. The recent resignation of F. C. Patterson. cashier, caused uneasiness among depositors and a small run on the bank Thursday To stop a run occasioned by the failure of the Schuyler bank at Pana, 13 miles each of here. the Nokomis State bank Friday morning closed its doors. The Rosamond State bank of Rosamond, with capital stock $25,000 and surplus of $2,500, failed to open Friday morning A notice posted on the door of the institution said that the bank was closed for examination and readThe Schuyler State bank of Pana, with deposits of approximately $2,000,000. closed late Thursday because of frozen assets.


Article from Effingham Daily Record, February 8, 1930

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BANKS IN PANA Pana, III, Feb. quarter of million dollars was brought here airplane from Chicago today to protect the Pana National bank from withdrawals that began this morning in the wake of the closing here yesterday of the H. N. Schoyler bank. Although there small run on the National bank early in the day, arrival of the money by air restored confidence and conditions were virtually normal at closing time. Two additional banks in this district closed today. They the Rosamond State bank, Rosamond, four miles west of here, and the Nokomis State bank, Nokomis, thirteen miles east. The Rosamond bank had capital of $25,000, and surplus of $2,500. notice posted on the door said the bank was closed for exabina tion and readjustment. The Nokomis bank, state officials said, has frozen assets, but expected to pay depositors in full. Money Arrives in Two Hours. When withdrawals of more than normal volume began the Pana National bank this morning, President Parris of the institution telegraphed the Chicago Federal Reserve bank to forward $250,000 eash by airplane. hours plane with guards aboard arrived with the money. Sheiff Dunbar armed deputies transported the money to the bank's vault. Citizens mass meeting yesterday had declared their confidence in the National bank and President Parris said today that obtaining funds from Chicago was only precautionary number of business houses, includall the meat markets went cash and basis. Heretofore these carry merchants had carried their customers for indefinite periods. Late today the volume of business was declared virtually normal. number of business, fraternal social events, including banquets, scheduled for next week, however, have been canceled. Both the Penwell and Pana coal mining companies announced today that they would continue operations the present volume. Milford Bank Closed. Watseka, III., Feb. First National bank of Milford, twelve miles south of here, closed today. notice on the door said that the tion was taken for the protection of depositors. Officers said that the bank solvent, but that run had been feared the result of rumor in circulation. The bank is 53 years old. It has deposits of $350,000. Cornell Bank Suspends. Bloomington, III., Feb. Farmers State bank of Cornell, Livingston county, was closed today.


Article from The Fairbury Blade, February 14, 1930

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WING Miss Whately, Austin Horine and Mr. and Mrs. family and Mrs. Elizabeth Horine, the Sunday guests at Fairbury, Fred Metz Wilstead, of Chatsworth, was Dr. Wing caller last Saturday. Circle at the The Reading school last Thursday evWing public teachers attendance ening. Hazel Barclay, Mrs. Nora were: Mrs. Hagaman, Miss PearGibb, Miss Jane and Wilbur Whately Monohan Albert Bennett, of FairRoy and in Wing last Satwere visitors bury, urday. Rev. Burke, of Cornell, and Rev. Smith, of Kankakee, were guests at the Walter Holloway home Sunday. Fosdick were Mr. and Mrs. Jay by the death of ed Peoria, Sunday the former's brother, Sam Fosdick, seriously ill for some who had been time. Mrs. Fred Metz, Reuben Mr. and Metz, Mildred Whately Bernice Haab, of Forrest, were Deer Creek on Monday attending the Zobrist sale. Mrs. Gladys Holloway and sons, Donald and Edward, Miss Velda Hoke and Mrs. Knight, Chatsworth, were shopping in Bloomington, Tuesday. government bonds amounting to $50 CORNELL BANK CLOSED and other bonds and securities at BY REQUEST OF DIRECTORS. $500. The Farmers' State Savings bank at Cornell closed its doors by voluntary action of its directors last Thursday. MAY HOLD TRUCK DRIVERS. The bank has capital stock of $30,Sunday afternoon the Pontiac, funeral $10,000. The at 000, and surplus of Ira Erwin Coroner parlors Elmo Knick concluded takbank, was stated, was closed for examination and adjustment. Frozen ing in the inquest into the said to be responsible for E. Smith, of assets were death of Ernest the bank's suspension. field, who died at St. James hospital The representative of the state aud- in Pontiac from injuries received in itor's office took charge of the insti- truck accident near Cayuga on last tution following the close of business Thursday. The jury recommended held and Friday morning the driver, be last Thursday, that Frank Taylor, the door of the for negligence. notice appeared on to the grand jury bank which read: "By Taylor still patient the Helen Pontion of the board of directors this bank is also Miss tiac hospital, as closed for examination and adjust- An operation has been McNamara. the state auditor. performed the spine of Miss Mcment Frank by Johnson is president of the Namara report from the hosbank and has been personal charge pital stated that her condition was affairs for number of years. its quite had comment make Mr. Johnson no the bank. The other the affairs of BOXES BECOME GHOSTLY officers of bank are: B. Gour- Fantastic rural mail boxes are now Johnson, United States ley, vice-president; taboo. Besides, the cashier, Harry assistant post office department has said, in ef of the board cashier. The fect, that boxes may be painted any B. D. M. of directors are color, just long it is white. In Johnson, Johnson, Husted, other words, Uncle Sam says the mail D. Barton, Frank Johnson and boxes that stud rural highways and Miner. white nothing but roads must According to the last official state. That's that! While, of course white. the bank of Dement made by as color is primary uniformity of a 1929, and published Janucember 31, ary 10, the bank had demand deposits and time deposits of $3, 429.67. The report showed bills payable of $16,500 and rediscounts totaling $20,078.65. The report also showThe Better undivided profits of while the capital stock was listed at $30,000 with surplus of $10,000. The report also showed loans on securities of $20,854, other loans of and loans on real estate of $1,322. The on hand in the bank at the time of its report was $8,240.51. It also listed United States (By Another Correspondent) A. Horine, of FairMr. and Mrs. bury, were visitors in Wing last returned SunElizabeth Horine day. Mrs. with them for home Mr. and Mrs. Albert Swing were Pontiac visitors last Thursday. The former interviewed a number of Pontiac residents who have land in Pleasthe interest the proant Ridge issue road bonds to posed for graveling petition the roads of the townBert A. Miller and W. W. Holloway were in Pontiac last Thursday Joe Eymann for attending to some business matters in the County Treasurer Mr. probate and Mrs. Henry Wheatley spent last Sunday at the of the lat To the Republican Voters: near Having announced my Mr. parents and Mrs. Fred Metz. Wheatley Reuben Mildred candidacy for the office of County Metz and Misses drove to Deer Creek Treasurer of Livingston County, IlliBernice Haab and attended big nois, subject the will of the ReMonday where they on held by Zo- Primary, April 1930, and farm sale that place, who are now asking your consideration of such brist Bros., of the Metz family. candidacy, solely upon my business Homer Gibb enter- training, qualifications, record, ability and Mrs. Mr. and as accountant, to tained of friends at card give you the required and necessary party at their home last Saturday evservice which you demand and ening. The Ladies Community Circle held which you are entitled from such an official. their February meeting Mrs. last Fred Wednesthe home of Born Owego Township, reared of in day at the Township; graduate of the results of Rooks Creek Metz. report High School; bazaar and supper held last month the Pontiac Township for completing years training at the business Uniwell plans budget as for the local church expenses Illinois; entered with versity the American Well Company of was thoroughly discussed at the busAurora; years manager Graysession. Roy Swing, who attends Forrest mont Co-oeprative Association years firm; solicitor for Chicago high school, has been home from his grain of the Pontiac school for couple of days 1ยฝ years manager auditor account of sickness the first of the Farmers Grain Co.; years with firm connected with the Illiweek. Thomas Perrine is improving fol- nois Grain Dealers Association; emand sits up ployed in County Treasurer's office; lowing operation each day. His married and have family; always for while in chair special from Bloomington, releas- who attending him, was been has ed last Saturday and returned to that city Mr. and Mrs. Fred M. Metz and Mrs. Frank Shockey were Bloomingvisitors last Saturday. Miss Mabel Wilson of that city, who has home been at the nursing in Wing for the past ten days, returned with them. Mrs. Menno Moser has been quite the week with pneumonia, sick past is reported improved. but of the friends and large number attended the furelatives from Wing Stuckey at Fairbury on neral of Mrs. Burial was in Pleaslast ant Ridge Saturday. cemetery and the hearse and funeral procession had hard time getting to the cemetery on account of the muddy roads. team was secured to pull the heavy hearse and cars through the deep mud at Quite number several places. cars parked at the roadside and the occupants walked to the cemetery. Going home number of cars and the hearse came back through Farr's field which was not as bad going as the Such certainly highway. of more improved sustain the need roads, and in particular the road leading to the cemetery. Verne Zimmerman. aged nine Louis Verne years, died at the home A. Zimmerman, parents, Mr. and Mrs. Louis farm south of Wing, reside for many by which was child had only been John Metz. The and not considered sick few days, Friday when he dangerously fever and menindeveloped high Saturday gitis and passed away morning. Other of the family have sick, and another broth- being 14, has pneumonia, aged children in the There were nine family, leaving four sisters and four deceased was born brothers. The farm norththe George 1920, and with July 31, of Wing, that of year the exception Canada, Verne has lived in lived the family in the vicinity of his birth. He was pupil the third grade at the Miller school district near his home, and was bright and active scholar. Funeral were held MonChristian Apostolic day from church and burial was their cemetery. The parents and family have the sympathy of the community in this sad hour. Card of Thanks. We wish express gratitude the many friends for sistance sympathy in our sorrow. and Mrs. L. A. Zimmerman and Family. Republican and interested in public affairs. These facts will bear investithen satisfied and you are gation that have been in my undertakings, will not this and training better fit me for this ofwill bring to this office, if elected, and my experience my of bookkeeping and acknowledge countancy which will expedite and facilitate the handling of the volume of business in said office which must be of time in the done in short space of taxes. collection am not making promises but do pledge to you that if nominated and elected to this office, will give full time and attention and maintain in high standard of efficiency, keeping up to date, with courteous all and service unexcelltreatment mind that you are enbearing in and favtitled to all of taxes, and ors in the payment your the and am that employer you hired man. your Very truly yours, JOE EYMANN,


Article from The Piper City Journal, February 27, 1930

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Neighborhood News Notes After having served the movie patrons of this community for more than a decade, the Lyceum has discontinued sh wing motion pictures. the final show having been that of last Saturday night. Patronage has been decreasing gradually ever since the "talkies" have come into being, and attendance at the local theatre does not warrant a continuance of its operation.-Chenoa Clipper. The Farmers State Savings Bank at Cornell closed its doors by voluntary action of its directors Thursday, Feb. 6th. The bank has a capital stock of $30,000 and a surplus of $10,000 The bank; it was stated, closed for examination and adjustment. Frozen amets were said to be responsible for the bank's suspension. Patrick J. Lawless, Chatsworth township, Livingston county farmer, filed a petition in bankruptcy in the office of the U. S. district court clerk Wednesday morning. Assets of $98,066,79, and liabilities of $100,366 were listed. The latter included unsecured claims of $42,706,-Peoria Journal. Feb. 19. Numbers of our farmers are husking corn this fine weather, quite a little corn is still in the field.-Saybrook Gazette An order was signed in the Tazewell county court at Pekin last Saturday, approving a settlement of the claim of the estate of Lloyd Smith against the T. P. & W. railroad in the amount of $8,500. Smith, a fireman on the T. P. & W., was killed in a wreck when two engines met head-on in the railroad yards at Forrest, December 21 last. Suit had been brought against the T. P. & W. for $25,000 Fairbury Blade. The moving picture show at the Central theatre in Fairbury has discontinued their shows and will remain closed until after the city election At that time the proposition of Sunday shows will be submitted to the voters. In the meantime the talking picture equipment has been removed to the Dwight theatre which is also owned by Mr. McCull owner of the Central at Fairbury In the fall of 1928 the Sundav show propo-ition was defeated in Fairbury and just what effect the closing of the theatre will have in the vote remains to be


Article from The Pantagraph, April 6, 1930

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BANK RECEIVER IS ANNOUNCED Greenebaum of Pontiac to Handle Affairs of Cornell Institution. (Special to The Pantagraph. PONTIAC April Greenebaum, well known banker of this city, has been named by Oscar Nelstate auditor public accounts receiver for the Farmer's Savings bank, bank closed its doors recently order of its board of directors. Mr. Drennan. representative of the state.auitor was here Saturday for the purpose checking Mr. Greenebaum in as ceiver Henry Carl Zander. Mr. Drennan said that the (Special to The Pantagraph.) pointment Greenebaum came the SIBLEY April an individual and that the Illifor Henry Carl Zander were held nois State Savings bank. Tuesday of which Mr. Greenebaum is vice John's Lutheran church in Burial president cashier, is in no man Sibley the connected with the in church yard


Article from The Fairbury Blade, April 11, 1930

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PONTIAC BANKER NAMED CORNELL BANK RECEIVER J. C. Greenebaum, well known banker of Pontiac, being member of the Illinois State Savings bank of that city, which institution is receiver for the Claudon bank of this city, has been named by State Auditor of Public/ Accounts Oscar Nelson, as receiven for the Farmers State Savings bank of Cornell. This bank closed its doors recenly by order of the board of directors, they stating that the action was done for the purpose of readjustment. Mr. Drennen, a representative of the state auditors office, was in Pontiac last Saturday afternoon for the purpose of checking Mr. Greenebaum in as receiver. Mr. Drennen stated that the appointment of Mr. Greenebaum came as an individual and that the Illinois State Savings bank, of which Mr. Greenebaum is vice presi- dent and cashier. is in no manner connected with the receivership. Mr. Greenebaum has already furnished his bond, which as been approved by the state auditor's office. and will at once begin the task of untangling the affairs of the Cornell bank. Mr. Drennen stated that last Friday he checked in J. Weston Essington, of Streator, as receiver for the People's Trust & Savings bank of that city. The Streator bank closed its doors several weeks ago. Paul Hahn, formerly cashier of the Farmers State bank of Flanagan, which recently closed its doors at the order of its board of directors, was checked in last Saturday as receiver for that bank by R. Drennen, representative of State Auditor Oscar Nelson. At meeting of the depositors and bank officials of the Flanagan bank held several weeks ago Mr. Hahn was


Article from The Fairbury Blade, October 10, 1930

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High School Notes At three o'clock this afternoon the strong Forrest high school team will meet the Fairbury township high school team at Lewis field. Forrest has stronger team than usual. Fairbury's team is made up largely of green material, but the fans may depend on it that there will be real football game. The attention of the parents is again called to the fact that report cards were given to all students on Wednesday. The general exercise period was devoted to a pep meeting in preparation for the Forrest game. It was held on Thursday the 8th hour instead of on Wednesday and was in charge of Mr. French. Miss Edna Steidinger, who left school last year to take a position, has re-entered the school as special student. She is doing work in our commercial department. Mr. Hanna, of the department, and County Cupt. W. W. McCulloch spent Tuesday visiting the high school. The local high school has not been visited for some three years. Mr. Hanna was visiting the high school for the purpose its rating for another period of time. Farmers' Institute. The farmers' institute held two meetings in the building last Tuesday. In the afternoon Mr. Gougler spoke on Dairying. In the evening Sam Crabtree Mr. Hoff spoke. Neither meeting was very well attended. It rained during most of the afternoon and evening. Those who did hear the addresses are convinced that these meetings are worth while. Sam Crabtree is one of the big men of the farmers' institute in the state of Illinois. His address was given to an analysis of present farm conditions. Those who heard Mr. Crabtree are convinced that he has one of the best solutions of present farm problems that been given. Farm advisor Turner judged the corn and awarded prizes at least year as to his habits concerning liquor. Bail bond was released and the defendant discharged from custody under these terms. Roe's difficulty arose out of his assault on July 13, 1930, upon the person of Edward E. Schall on the old Driving park premises east of Pontiac. The principals in the affair are from Pontiac. Rights of Property. Judge Ryder has filed suit in the circuit court directed against the Taylor State bank of Emington, for the purpose of determining the rights of property. Mr. Ryder is claiming ownership to quantity of corn, oats and alfalfa on the northwest quarter of section 27 in Broughton township levied on by the sheriff by an execution in favor of the bank following judgment it secured against C. J. Olson, tenant. Released From Jail. Homer Sory, residing northwest of Cullom, from the county jail last Friday following the completion of a 60-day sentence. Sory was arrested on a charge of violation the prohibition act and on his plea guilty, drew a 60-day sentence in the county jail. WESTERN ELECTRIC ASHING Must Contribute to Support of Wife. -FOR Welderich. *-10-10 Howard Raub, of near Streator, was SHORTHORN BULL-FOR old. arraigned before Judge Ray Sealer in Compton. Phone the county court last Saturday morning on charging him with neglect and refusal to support his finest quality, Bring Steinberg, Cropsey. wife. He entered plea of guilty and on agreement with his attorney FOR in excellent condition, school. Priced and the state's attorney, Raub was right. Inquire at office. to contribute the sum of $2 per week for the support of his wife and he FOR RENT was released. Referred to Master. tric lights, city water, good cistern, basement, two-car garage. Apply at first The petition filed in the circuit court west. some time ago by Oscar Nelson, auditor of public accounts, against WANTED the Farmers State Savings bank of Cornell, to confirm the appointment of MARRIED corn huskHorine. c-10-17 receiver, was referred by Judge S. R. Baker to L. W. Tuesburg as master in chancery for evidence VANTED Mrs. Blanche and conclusions. cor. First Pine Sts. *-10-10 Jailed for Assault. In the county court of Judge Ray Sesler Tuesday Thomas Hughes, Pontiac, pleaded guilty to charge of assault and battery with deadly weapon upon the of James Brannon on May 25, 1930. Upon the plea the court the defendant to serve term of 60 days in the county jail and pay costs. His jail sentence was begun immediately. Liquor Law Violator Fined. Clay Quigley, of near was arraigned before County Judge Ray Sesler in the county court last Saturday morning to answer ation filed by State's Attorney R. M. Niven, charging him with violation of the prohibition He entered plea of guilty and was fined $100 and costs. Divorce Decree Granted. Judge S. Baker, in the circuit court yesterday forenoon heard evidence in support of a bill for divorce filed some weeks ago by J. Bohm against his wife, Electra W. Bohm. After hearing the evidence Judge Baker entered decree of divorce in favor of Mr. Bohm on the ground of desertion. Blade want ads get results.


Article from The Times, July 10, 1931

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LIVINGSTON COUNTY COURT NEWS. Probate Matters. In the probate court of Judge Ray Sesler the claim of Elizabeth Hoker, filed June 13. 1931, amounting to $4,795 and the claim of Adam Hoker, filed on the same date, amounting to $87.50 were both ob jected to In the estate of Hannah Thiss Claims of William A. Watson, of $559 and George F. Blough of $51 were allowed in the estate of Con rad Trecker and the claims of Mrs J. Pringle Greer for $120 was objected to. Inventory in the estate has been filed and approved. Theo dore Trecker and William Contad Tre ker are executors in the es. In the estate of Hannah F Hampton proof of will and of heirship was heard and will has been admitted to probate by the court Harlan C. Skinner was appointed executor upon entering into nond In the sum of $80,000. In the estate of Bertha L. Kes. sler. will has been admitted to pro bate and Emma M. Kessler has been appointed executrix under her personal bond filed and ap proved. Adjustment day has been fixed for the September term. 1931 Anna M. Tombaugh has been ap pointed executrix in the estate of John F. Tombaugh and her bond filed and will in the estate ad mitted to probate. Adjustment day has been fixed for the September term. 1931. A hearing on petition of the mi nois State Savings Bank as re ceiver for the Farmers State Bank of Cornell resulted in an order to Mrs. Charlotte Richards, admin Istratrix in the estate of Todd V Richards to execute and assignment on a $50 Liberty loan bond which had not previously been properly transferred as asset of the Farmers State Bank as owner of the bond. SPEEDY AIR-RAIL CAR GENEVA Prof. K. Wiesinger of the Zurich Polytechnicum of Switzerland, has revenled plans for fast train of light aluminum coaches. to be driven by a propeller which he thinks will attain 3 speed of nearly 225 miles an hour Frank Kruckenberg has already trick out "Zeppelin on wheels" Ger manv.