gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
575c467353b7bd07
Response Measures
None
Description
President admitted embezzlement and state auditor closed bank for frozen assets; receiver appointed and bank remained defunct.
Events (5)
1.October 1, 1929*Run
Cause
Bank Specific Adverse Info
Cause Details
Slow withdrawals over about 30 days as cash reserves fell; president's mismanagement/speculation and later-revealed embezzlement undermined confidence
Measures
President went to Chicago seeking funds; correspondent banks/city banks (First National) moved currency to guard against runs
Newspaper Excerpt
there apparently had been slow run on the bank for about 30 days prior to its closing and during this period about $200,000 in deposits had been withdrawn
Source
newspapers
2.October 21, 1929Suspension
Cause
Government Action
Cause Details
Closed by state auditor due to frozen assets and large bad farm loans
Newspaper Excerpt
The doors of the Urbana Banking Company ... were closed today by State Auditor Nelson because of frozen assets.
Source
newspapers
3.November 2, 1929Receivership
Newspaper Excerpt
Roger Little was yesterday pointed receiver of the Urbana Banking company, which closed its doors nearly two weeks ago, but will open up again tomorrow morning to adjust accounts with depositors.
Source
newspapers
4.November 4, 1929Reopening
Newspaper Excerpt
More than 300 depositors ... when the bank was opened for the first time since Oct. 21 to check over their accounts and the contents of their safe deposit boxes.
Source
newspapers
5.March 22, 1930Other
Newspaper Excerpt
The grand jury ... returned 36 indictments, 35 of which charge criminal ... including John H. Thornburn, president of the bank, charged with embezzlement.
Source
newspapers
Newspaper Articles (20)
1.October 21, 1929The Taylorville Daily Breeze CourierTaylorville, IL
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URBANA BANK CLOSED TODAY; FROZEN ASSETS
Urbana, III., Oct. 21. (A.P.)-The doors of the Urbana Banking Company State bank, were closed today by State Auditor Nelson because of frozen assets. The bank had a capitalization of $1 200,000 and bad farm loams amounting to between $200,000 and $350,000 were reported. President John H. Thornburn of the bank, was reported to be in Chicago in an attempt to obtain money. Other officials would make no statement. Glenn Hodges of the state auditor's by office said examination of the bank night. would require three or four dayse to stave off Basey bank at Urbana on that bank. run
2.October 25, 1929JG-TC: Journal Gazette and Times-CourierMattoon, IL
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URBANA BANK GUARDS AGAINST POSSIBLE RUN
Urbana, III., Oct. First National Bank of Urbana on Monday afternoon received $500,000 in currency from the First National Bank of Chi- cago to guard against run. The bank is having busy time in accepting new deposits but none has been drawn out. As the result of the crash of the Urbana Banking Company, the institution took judgments aggregating more than $66,000 in the Douglas county circuit court on Monday afternoon against L. B. and Luella M. Saffer of Rossville, formerly of Urbana, and were transferred to Urbana Tuesday morning by transcript and are now on file in the circuit court here.
3.November 3, 1929The Daily IlliniUrbana, IL
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BANK RECEIVER BY STATE AUDITOR
Urbana Banking Company Will Open Doors Tomorrow Morning to Adjust Accounts
Roger Little was yesterday pointed receiver of the Urbana Banking company, which closed its doors nearly two weeks ago, but will open up again tomorrow morning to adjust accounts with depositors. His appointment was made yesterday morning by the state auditor. Although auditing of the bank's books is not yet completed, it was deemed necessary to appoint ceiver. Up until this time the state examiners attempting to just the books and place the affairs of the bank in such position that receivership would not be necessary.
Gives $75,000 Bond
Little was appointed to the position at the of eral of the bank's largest creditors. After receiving his appointment yesterday morning the state representannounced that he would conduct the adjustment of the bank the lowest expenditure possible and the least litigation. He offered bond of $75,000 guaranteed by the Ameriican Surety company. Up until Friday George W. Busey and R. Webber were being considered for the position of receiver. However, the former told the auditor yesterday that he would not considthe position. Petitions had been circulated among the depositors asking that Webber be appointed for the receivership.
Report Is Expected report of the exact condition of the bank is expected from the auditor's office in the next few days. Glen Hodges, state examiner, who has been in charge of the auditing, checked out of the UrbanaLincoln hotel, where he was staying, Friday night. Although he left no word as to where he was going. thought that he left for Springfield. Any report on the examination will have to emanate from the state office. The auditors have been at work on the company's books for nearly weeks. State's Cline has been waiting for completion of their work before he goes to Judge F. H. Boggs and asks for reconvening of the grand jury to indict H. Thornburn, president of the company, on charge of bezzelment.
4.November 4, 1929St. Louis Globe-DemocratSt. Louis, MO
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JUDGE IS AWAKENED TO NAME BANK RECEIVER DANVILLE, ILL, November petition in bankruptcy was filed at late hour in the United States District Court Saturday night by attorneys representing Thornburn, president of the bankrupt Urbana Banking Company, and now
5.November 4, 1929Belleville Daily AdvocateBelleville, IL
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300 DEPOSITORS IN LINE WHEN CLOSED BANK OPENS DOORS
URBANA, ILL., Nov. 4—(AP)—More than 300 depositors of the Urbana Banking company were in line outside its doors this morning when the bank was opened for the first time since Octo. 21 to check over their accounts and the contents of their safe deposit boxes.
Only two or three persons were allowed to enter at a time by Roger F. Little, state representative and newly appointed receiver for the bank. Little said that no irregularities had been discovered in the accounts and boxes investigated so far today. State auditors are still checking the bank's books. The depositors have three months in which to file their statements for adjustment of their accounts.
BANK RECEIVER NAMED
TAYLORVILLE, Ill., Nov. 4. (AP)—M. F. Jensen, Plainview, Neb., has been appointed receiver of First National Bank of this city and will take charge tomorrow. The bank was closed Oct. 18 with the explanation that the action was taken to protect depositors following closing of the Coll-Grove bank because of frozen assets.
VISIBLE GRAIN SUPPLY
NEW YORK, Nov. 4—(AP)—The visible supply of American grain shows the following changes in bushels: wheat increased 1,237,000 bushels; corn decreased 407,000; oats decreased 645,000; rye increased 447,000; barley decreased 221,000.
NEW YORK COTTON
NEW YORK, Nov. 4. (AP)—Cotton futures closed barely steady, 15 to 19 points lower: December 17.70-71; January 17.80; March 18.10; May 18.36; July 18.47; spot quiet; middling 17.90.
6.November 5, 1929JG-TC: Journal Gazette and Times-CourierMattoon, IL
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MAN IS NAMED CLOSED BANK RECEIVER
Urbana attorney Republican floor leader of the Illinois house of representatives, has been appointed ceiver for the Urbana Banking Company by State Auditor Nelson. Charges of embezzlement have been preferred against John H. president the defunct institution Receiver the day in attempt to adjust accounts bank's customers At the time the crash the bank had deposits of and between and its assets are believed to "frozen."
7.November 5, 1929The Daily IlliniUrbana, IL
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CONSIDER CASE THORNBURN
Indicting Body Will, Meet Thursday; Urbana Bank Opens; Customers Empty Safety Boxes
Coincident with the opening of the Urbana banking company to allow holders of safety boxes remove their possessions came the call for the reconvening of the grand jury next Thursday morning to investigate case of President John H. Thornburn, charged with embezzelment. State's Attorney Roy R. Cline peared before Judge Boggs yesterday afternoon circuit court with petition for the summoning of the indicting body. It was granted and Chief Deputy Leo Kurt of the sheriff's force notifying the members of the jury last night. Reinforced reports from the state auditor, Mr. Cline is now prepared for his appearance before the grand jury. He already had Thornburn's confession to the misappropriation of in Urbana school board money, but was waiting until further information was obtained from the examiners. Customers Empty Boxes Meanwhile at the bank, which not yet in the hands of Roger Little, receiver appointed last Saturday, customers came in continuously through the day to examine and in some cases remove their possessions from the boxes. line of more than 50 depositors was waiting the doors the bank when opened o'clock yesterday morning. corps of state auditors, Mr. Little, attorneys and several worked on the affairs of the bank late Saturday night and all day Sunday night to bring them up to shape for opening yesterday. Exact Condition Unknown The receiver would make no comments as to the condition of the bank. true condition of the bank will be known when learn how much of the bank's holdings be collected," he said. "Meanwhile we will continue checking out holdings in safety deposits." Customers of the bank can now bring in their passbooks and file claims against the company. Checking over of the property of the bank Receiver Little is still being carried by four members of the state auditor's force. He must give ceipt for everything turned over to him. list of assets and liabilities will soon be filed by Thornburn's attorney in connection with the bank executive's voluntary entry into bankruptcy last Saturday the federal district court in Danville. George W Busey appointed receiver of the Thornburn property.
8.November 5, 1929The Urbana Daily CourierUrbana, IL
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The Urbana city council voted last night to publish officially a budgetcity and ary expenses for the fiscal year ending july 13, which shows total collections against disbursements aggregating making net excess revenue $1,993.86. The statement calls attention to the fact that $22,966.67 road and bridge money was turned over to Supervisor Jacob White and deposited by him the Urbana Banking company's bank, since closed, and that there no of determining how much of this saved. On motion of Alderman Scoville, the council voted to take legal steps to protect the city's interest in the road and bridge fund and the firemen's fund. Attorney to Investigate The city attorney was instructed to conduct an investigation toward determining the person responsible for non-collection of last year's taxes on Thornburn's property. The Petroleum company's petition for permit to erect filling station at Green street and Busey avenue came up for lively discussion again. Hursh moved that the petition be granted was ruled out of order by Mayor Harmon on grounds that, under the ordinances, the city has no right to grant such permit. Alderman Hornmoved that the ruling of the mayor be not sustained, whereupon Hursh moved to table the petition until the next meeting and this was done. canvass of the vote cast October showed that McIntyre been as Republican candifor alderman in the be voted on Tuesday, November for the purpose of filling the vacancy created by the resignation of McLarty. He defeated Robert Hackett by vote of to 40. There no on the Citizens' tickets, which leaves McIntyre without opposition. the Checker Cab Application company for permit to operate four cabs Urbana over until next meeting to permit amendment of ordinance, in that the $5,000 $10,000 indemnity the company carried on each cab better protectien than the $1,000 bond required by the city.
Recommend "Warrenite"
The mayor and Aldermen Kirkpatrick Furst having visited several cities for the purpose of specting "Warrenite" as material resurfacing old payements. They found well recommended and so reported. The registration of Ry Nelson pblice officer was accepted and the mayor appointed Sherman Glenn fill the vacancy for period of days. The police and traffic committee reported to bullet proof vests for shortage of funds and asked for further time in locating the four "Stop and lights recently Clark, department of public that an of the ported revealed safe for water supply drinking. The finance committee was ized to borrow current penses.
9.November 5, 1929Herald and ReviewDecatur, IL
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Grand Jury to Investigate Urbana Banking Company
Nov. State's Attorney Roy Cline for special grand jury tigate the affairs of the Urbana was granted day by Judge Franklin Boggs in court. The bank closed Oct. following the of President John Thornburn. The bank was reopened Monday under supervision receiver Roger Little. time to the problems encountered at that time now are testing determine the improved device.
HOURAN'S VACATION Houran of the Engineer railroad has been granted leave absence and by Mrs. Houran will go companied Seattle, Wash., to visit their Donald.
UNDER TRAIN M. coal miner, fatally injured Monday morning he attempted to beneath of freight train in Staunton. the train beneath man was injured knew nothing the accident. was found by the next train which to that place.
10.March 13, 1930The Paxton RecordPaxton, IL
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Court Hears Case Against Lodge
Urbana, III., March circuit court this morning Judge Baldwin listened to arguments by opposing counsel demurrers presented by the plaintiff, the Mary Yearsley against the Masonic order holding title to the Masonic buildIng, in suit growing out the failure of the Urbana Banking company fall. This where the Masons claimed paid $18,000 on the mortgage their building, but of the bank the mortgage notes that were paid were not to them for cancellation. These notes, according to the testimony, are now in the hands of innocent who purchased them from the bank good faith, and are looking the Masons for payment, which, if ordered, order to duplicate payments to the extent Judge overruled the seeond third but allow. the others. School Case Up Next Tomorrow morning the intention to take up the case of Riley Urbana school board against Urbana Banking company. The plaintiffs to against the Urmade preferred over the other of nature which the county clerk, the circuit clerk, county treasurer, and Cunningham may also up for disposal if the Riley case is decided.
Other Court Orders The Prudential Company America VS. Leola Gott. sale filed and Deficiency Gott and Harvey for $100 favor compalinant. complainant for approval of receiver and motion allowed and Commercial Trust and Savings bank appointed receiver on filing written acceptance Thomas VS. Nicholas E. Larry foreclosure. All denot answering and for confession and reWilson Frank WII and to resume Jessie Carnes al, John H. Thornburn, trustee, et al. Relief. Referred master. Evelyn Marmiam al, VB. John H. relief. Demur fendants not answering defaulted. Referred
11.March 22, 1930The Urbana Daily CourierUrbana, IL
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REA, HUSS, ARE
The grand jury, after spent under direction of Lott Herrick special posecutor, investigating the failure of the Urbana Banking company bank last this afternoon returned 36 indictments, 35 of which charge criminal on the part of county official and three officials of the bank. Those indicted are: Charles W. Dale, county treasurer; charged with receiving interest on public John H. Thornburn. president of the bank, now sentence Chester penitentiary for the embezzlement $100,000; indictments all, the charges being receiving posits with knowledge of the bank's forgery and larceny. Edwin Rea, vice president of the bank; 32 indictments, each charging acceptance of deposits with knowledge of J. Wesley Huss, 32 ments, each charging acceptance of deposits with knowledge of insolven
Dale's bail was fixed at Rea's at $32,000 Huss' $32,000. Huss Gives $32,000 Bail Huss was in court when the jury reported and gave His sureties are: Mrs. Huss. his Maude Huss. Stanley Boggs, Dr. G. Way, Prof. Leutwiler, FlaninHarry Millard and M. B. Hargam, land. The other indictment making the 36th was one of State's Attorney Roy Cline's cases having no connection with the bank failure. The grand jury, after making its return, reported that had not finished its investigation of the bank and therefore not adjourned. The jury submitted the following port: the Honorable James Bald presiding judge of said grand jury, which was specifically instructed by your honor investigate the affairs of The Urbana Banking and to determine company whether or not of the criminal any laws of the State Illinois have violated by of the officers any of said bank. any other person respectfully report as fol persons,
That in the course of our amination examined about 156 we to witnesses. "That hampered in our amination to no thoro and audit has made the books of bank; that such an audit would very expensive, and was not with employ an auditor and in our power such audnt be made: that cause the condition of the bank can probably never be unless thoro audit made: that the and his readily gave us much valuable information and cheerfully and promptly assisted the course That the books our investigation. the bank woefully juggled some time prior to the failure of that the accounts of many of the bank have been depositors That there apparently had been slow run on the bank for about its closing; that during days prior period about $200,000 30-day had been withdrawn from deposits the bank; that the cash reserve required by the state per cent. had dwindled banking department on the day the bank two per cent. closed. the basis which the That upon doing business for bank had been prior to its closing. was some time that the fundamentally unsound: interest high bank was paying annum different cent. upon open checking depositors That large number of counts. loans institu safe and unsound concerns in which the tions and and sident financially personal friends loans to some the president had been losses to the which will show large there was apparently That the part the on the books of by manipulating the state bank the bank. to deceive examiners. worthless and also prac That tically worthless of dollars were running into thousands bank to its depositors sold thru the and customers: grossest fraud apparently and instances in resorted to in many making such county treaThat the present well his predecessor. surer been receiving apparently funds deposited terest the public Banking and in Urbana company that the board of suprecommend take action ervisors of the county bringing of such suits authorizing the bonds
12.March 23, 1930The Daily IlliniUrbana, IL
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STORY OF CRASH REVIVED AS BANK CASE IS CLOSED
Tragedy, Pathos, Mystery All Bound up in Morning of October Failure
By HOWARD CARPENTER '32
Indictment of the three officers of the insolvent Urbana Banking company yesterday revived stories of the crash which occurred just five months ago. Early Monday morning, October 21, 1929. a small sign was placed in the doorway of the Urbana Banking company, at Main and Race streets, stating that the bank would not be open for business. A crowd which soon collected about the building increased in size during the day. Friends of the president, John H. and immediately sought him out at his home, 308 West Green street, Urbana. They found silent, mysterious house, however, and neighbors stated that the banker had left for Chicago on the previous Friday. It was immedisuspected that Thornburn had gone to the metropolis secure loan which would save the bank from insolvency. Vice-president Edwin E. Rea stated that the closing was slight interruption of business. No one will lose any money.' While Glen Hodges, state examiner, worked day and night on the bank's books, the county searched for Thornburn. On Friday, October 25, the financier walked into Sheriff Shoaf's office and declared that he ready to breast of the whole affair. He admitted embezzling $100,000 deposited by the Urbana township school board in order to meet number of personal claims against himself. He he had speculated in Missouri and IIIInois farm lands. Oscar Nelson, state auditor, appointed Roger F. Little to serve as receiver for the defunct institution on November 2, and Mr. Little immediately assumed charge. Judge Boggs issued an order for special circuit court grand jury to meet on November On this date details of Thornburn's voluntary bankruptcy proceedings were made known by The banker had $1,040,004 in Habilities which he could not pay at that time. Given One to 10 Years The special grand jury under State's Attorney Roy Cline indicted charge on the same that first met, November Five days later the banker was convicted circuit court presided over by Judge O. H. Walmsley. He was sentenced to from one to 10 years. Sheriff Shoaf took him to Chester the next day in company with two chicken On November 21. George W. Busey was appointed receiver for Thornburn's estate, and this loosed a flood civil suits in circuit court against the estate. Many who lost money thru the failure of the institution attempted to recover it by law suits. Roger F. Little issued an official statement of the bank's financial condition at this time also, It showed that the cash on hand amounted to $15,732.98. and other items brought the total assets to Deposit liabilities reached $982,206.55.
Herrick Appointed Prosecutor Riley was ousted as treasurof the Urbana school board on December as result of the board losing $100,000 in the bank. It was revealed that county officers lost more than $400,000 through the crash. Small depositors held indig nation meetings to protest against the suits of public officials to get the public moneys preferred when the bank debts were repaid. Lott Herrick was appointed special prosecutor at the request of Mr. Cline on February Mr. Herrick called special on February 10 and kept It work until February 28., It then adjourned and reconvened yesterday morning.
13.March 23, 1930The Daily IlliniUrbana, IL
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Special Grand Jury Returns Indictments
(Continued from Page One) the methods employed in the Investigation and outlined its findings. Following is summary of the report:
In the course of the examination, about 156 witnesses were examined. The jury was hampered because no thorough and comprehensive audit has been made of the bank's books, and the true condition of the bank can probably never be unless audit is made. The books of the bank were woefully juggled for some time prior to its failure and the accounts of many of the depositors have been looted.
2. There apparently had been slow run on the bank for about 30 days prior to its closing and during this period about $200,000 in deposits had been withdrawn, the cash reserve of 15 per cent required by the state banking department having dwindled to two per cent on the day the bank closed. Unsound Practices
The basis upon which the bank had been doing business for some time prior to its closing, was fundamentally unsound. It was paying interest as high as six per cent per annum to different depositors upon open checking accounts. Loans were made to institutions and concerns in which the president was financially interested, and like loans were made to some personal friends, all of which will show large losses to the bank. There was apparently studied effort on the part of Thornburn, by manipulating the books of the bank, to deceive the state bank examiners.
Worthless securities in amounts running into thousands of dollars were sold through the bank to its depositors and customers: the grossest fraud and misrepresentation apparently being resorted to in many instances in such sales. Recommend More Suits
The present county treasurer (Dale) as well as his prederessor (Edward Rogers) had apparently each been receiving interest on publie funds deposited in the Urbana Banking company The jury recommended that the board of supervisors of the county take action authorizing the bringing of suits on the respective official bonds of the treasurers to recover all such interest taken. In seeking the facts contributing to the failure of the bank. the jury admitted its findings were incomplete. Thornburn's bad investments and speculations in grain were attributed as partial causes of the failure. In closing the jury pointed out that its work not yet completed, and that further indictments may be expected. Dale, Thornburn, Rea, and Huss will not come up for trial until the next term of court. Thornburn will be brought back from the penitentiary at Chester to face the charges made in the indietments.
14.March 27, 1930The Paxton RecordPaxton, IL
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INVESTIGATE AFFAIRS OF BANKING CO.
Grand Jury Returns 36 Indictments On Officials
ONE COUNTY OFFICER
J. Wesley Huss Was in Court and Gives $32,000 Bail
III., March grand weeks spent under of Lott R. Herrick as speinvestigating the of the Urbana Banking pany bank last this after36 indictments 35 of which charge eriminal acts on the part of one county official and three officials of the Those indicted Charles W. Dale, treasurer; charged with receiving interest on public funds. John H. Thoraburn, president of the bank, now serving sentence Chester penitentiary for the embesin all, the charges deposits with of the bank's forgery and larceny. Edwin E. vice president of the bank; 32 indictments, charging of deposits with of each charging of deposits with knowledge of insolvency Dale's bail was fixed at at $32,000 and Huss' at 000
Huss was in court the jury and gave His sureties Mrs. W H. Huss, his his Boggs, Dr. G. F. Prof. Harry Millard and M. B. Har other making the 36th one of State's Attorney Roy Cline's having no with the bank failure. The jury making its after it had not finits of the bank case and therefore was not
The jury submitted the following the Honorable James S. judge of said courtgrand which was cifically by to the affairs of Urbana Banking and whether not the criminal laws the of have been violated by any of the officers of said or any or persons, respectfully report as fol That in the course of our examined 156 our to extent has yet been of the books of said that be very was not within our power to employ be that the condition the bank can be is made; that the promptly requested the of our tigation That the books of the bank were for time to the failure the that the of many of the deposit- the bank been slow run on 30 days that with drawn from the reserve by the state had to per cent on the day the bank closed. That the basis upon which the bank had been doing business for some time prior to closing was unsound; that the bank was paying Interest as high as six per cent per annum to different open checking counts. of safe and unsound to tions and concerns in which the sident was interested and like loans to some of the president had been made, of which will show large losses to the bank. That there was apparently studied effort on the part of the president, by the books the bank, to deceive the state bank "4. That worthless and also tically securities into of dollars were sold through the bank to its and the grossest fraud and apparently being to in many such sales. "5. That the county treasurer as well as his edecessor the funds deposited in The Urbana Banking Company and we that the board of supervisors of the county take action authorizing the bringing such suits on the respective official bonds of such may to recover for the county, all such "6. That we to determine all the ontributing to the failure of the "We had some evidence that the president had speculated in grain, but so far as we while these into several thousands of dollars speculation was to wreck the bank. that the president had lost heavily of ent types, from oil and min corn com "That the president had at the time 6,000 of the of which at the time the That an been Missouri closing of the but that no ap praised as the gage against That the charges the president on the at the That in some the our inthe criminal laws this state, but we have work "All of which is respectfully sub mitted.
"HARRISON SCOTT. the grand jury.
15.May 29, 1930The Daily IlliniUrbana, IL
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URBANA BANK RECEIVER GETS $21,540 JUDGMENTS
R. F. Little Awarded Amounts of $8,140, $13,400 by Confession
Rodger F. Little, receiver for the defunct Urbana Banking company, yesterday obtained judgments amounting to $21,540 in circuit court. The judgments obtained, by confession notes which the makers signed when the debts were contractThe first was against E. D. Blinn on note on December 19. 1928 for The second judgment was obtained against John C. Thorpe and Mrs. Carrie Thorpe for $13,400. The note 1923. in this case was made on May 23,
16.June 11, 1930The PantagraphBloomington, IL
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BANK RECEIVER GIVEN $17,000
Little at Urbana Is Awarded Two Judgments.
(Special to The Pantagraph.) session of circuit court this morning. presided over by Judge D. H. Wamsley Tuscola, substituting for Judge Boggs, Roger F. Little, as receiver of the defunct Urbana Banking company, was awarded judgment by confession for amounts aggregating $17,47.63. one against John Charles Thorpe for $13,777.05 and another against Hazel Huber for $3,695.58. Executions were ordered to issue in each case. Frances Alexander presented evidence supporting bill for vorce against Darrell Alexander. She was awarded decree of dithe custody of their minor children and $10 week alimony. George against whom Carl Runyon on May obtained dict of $3,625, was ruled to file motion for new trial in writing. giving grounds therefor The case grows out of injuries received by Runyon in an automobile accident.
17.April 11, 1931The Daily IlliniUrbana, IL
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Seven Confessions Of Judgment Filed By Receiver confessions of ment were filed yesterday by Roger F. Little, receiver for the Urbana Banking company, in the circuit clerk's office. The defendants and the amount of each as follows: nah Valentine, $2,292.52; E. C. Acuff, $10,806.95; Pearl Smith and Franklin Smith, $120.50; P. Weaver, $575.32; Clara Lindley, $1,611.73; Keith Reeve L. Reeve, $144.84; and Byron Emmons and Mrs. Lilly Emmons, $260.03.
18.April 19, 1931The Daily IlliniUrbana, IL
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Bank Receiver Sues Thornburn's Surety
An attempt to obtain $10,000 judgment against the Aetna Casualty & Surety company of Hartford, Conn., co-surety of the bond of John Thornburn, was instigated yesterday by Roger F. Little, receiver for the defunct Urbana Banking company, by filing a praecipe for summons. Mr. Little asks for $10,000 a year for 10 years. The claim is based upon the facts that the defendants and the Urbana Banking company insured Thornburn against dishonesty for each of the 10 years that he is said to have carried on dishonest relations. Records of the local agents for the surety company show that the bond was renewed each year during the ten year period. The surety bond was for $10,000 a year and the plaintiff believes that the company should pay that amount for each of
19.May 1, 1931The Daily IlliniUrbana, IL
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BANK CREDITORS TO GET $110,000
Roger Little Mails 10 Per cent of Claims in 2,500 Checks
Creditors of the Urbana Banking company will receive about 10 per cent of their claims today as approximately $110,000 in 2,500 checks has been mailed out by Roger F. Little, receiver of the bank. The receiver has taken about 208 claims through the courts because of added liabilities. Preferred claims that have been approved by the court amount to $49,815.60. Additional claims amounting to $170,717.46 have been filed against the bank since it closed in October, 1929. These additional claims raised the total against the bank to $1,334,961.80. Approximately all of these late claims were approved by the court and some of them were named as preferred.
HANSHAW IMPROVES Carl Hanshaw, taken to the County hospital suffering from injuries received when struck on the head Wednesday with a hammer, was reported as improved last night at the County hospital.
20.September 16, 1931The Daily IlliniUrbana, IL
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BANK RECEIVER FILES $1,989 IN JUDGMENTS
Confessions in judgment totalling $1,989.60 were filed yesterday by Roger F. Little, receiver for the defunct Urbana Banking company, in the circuit clerk's office. The confessions were against Chester Davis for $652.77: Hillie Davis and Chester E. Davis for $767.48; and Marie Klingelhoffer and Leo F. Klingelhoffer for $569.35.
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