Farmers Bank (Lawton, IA)

Episode Information

Episode UID
72168171477
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7216817 routing
Routing Number
72-1681
Start Date
January 1, 1923*
Location
Lawton, Iowa (42.479, -96.184)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb52faf58d7184cd

Response Measures

None

Events (4)
1. January 1, 1923* Suspension
Cause Details
Bank placed in receivership/closed prior to or by January 1923 (explicit suspension not detailed)
Newspaper Excerpt
E. M. Corbett, receiver for the Farmers bank, of Lawton, Ia.,
Source
newspapers
2. January 12, 1923 Receivership
Newspaper Excerpt
E. M. Corbett, receiver for the Farmers bank, of Lawton, Ia., has obtained three judgments on promissory notes totaling ...
Source
newspapers
3. February 18, 1923 Other
Newspaper Excerpt
Trial of a suit in which E. M. Corbett, as receiver for the Farmers bank, of Lawton, Ia., is suing R. L. Pilcher ... to recover $4,752 ...
Source
newspapers
4. September 26, 1924 Other
Newspaper Excerpt
Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmer's bank of Lawton ... the liabilities of the bank amount to $150,000
Source
newspapers

Newspaper Articles (5)
1. January 12, 1923 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, January 12, 1923

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Article Text

Indictments against the men were returned Thursday morning by the Sioux county grand jury, at Orange City. Waiving arraignment, bonds of each bandit suspect were fixed at $25,000, $10,000 on the assault charge and $15,000 on the burglary charge. The men will be brought before Judge William Hutchinson at Orange City, Monday. If they plead guilty Judge Hutchinson will fix a date of sentence. If pleas of not guilty are entered County Attorney Olin Reiniger, of Sioux county, will endeavor to have them brought to trial immediately. Those indicted are: John Lavery, Sioux City; Elmer Dingman, Sioux City; Harry Drury, Sioux City; Frank Olson, Chicago, and Guy E. Brooks, Louisville, Ky. Report of the grand jury was made at 11:45 o'clock Thursday morning. The investigators have been in session since 2 o'clock Monday afternoon. Presentation of evidence was conducted by Olin G. Reiniger, county attorney, assisted by J. M. Parsons, of Des Moines, representing the Iowa Bankers association. Forty-four witnesses testified during the grand jury session. Details of the flight of the bandits from the time they were surprised by officers while in the act of robbing the bank to the time of their capture were brought out by the witnesses. The murder assault charge grows out of the gun battle which followed the arrival of the posse. Indictments are based on the wounding of Sheriff Hugo Synhorst, who is suffering from 17 buckshot wounds. FOUR JUDGMENTS GRANTED. Bank Receiver Wins Three—Undertaker Gets Other. E. M. Corbett, receiver for the Farmers bank, of Lawton, Ia., has obtained three judgments on promissory notes totaling

2. February 18, 1923 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, February 18, 1923

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Article Text

MIDLAND NOTE TRIAL STARTS Bank Receiver Seeks to Collect on Paper Given for Stock. Trial of a suit in which E. M. Corbett, as receiver for the Farmers bank, of Lawton, Ia., is suing R. L. Pilcher, a farmer of that town, to recover, $4,752 on two notes originally given in payment for stock in the Midland Packing company, has been started before a jury in Judge A. O. Wakefield's court. Pilcher purchased the stock and gave the notes to agents of the Midland concern on July 3, 1919. The bank subsequently purchased the notes. Pilcher is fighting the suit on the ground that he was induced to subscribe for Midland stock through fraud. He asserts that the Midland agents told him the company had no debts and would pay 7 per cent dividends on preferred stock, and that all the materials necessary to erect the plant had been purchased and paid for. Pilcher also asserts that the Midland representatives promised to resell his stock, and upon the resale his notes would be returned to him, and he would not be required to pay his subscription. He says the organization of the Midland concern was a gigantic conspiracy to sell stock, that it never was the intention of the promoters to operate the plant, but to dissipate the proceeds from the sale of the stock. The stock which he purchased was worthless and never was delivered, Pilcher asserts. He says the notes were given at the solicitation of B. K. Younglove, president of the defunct bank, and charges that a conspiracy existed between Mr. Younglove and the Midland agents whereby the bank would repurchase the notes from the Midland and force payment from the original purchasers on the claim that the bank was an innocent buyer. Pilcher also says the sale of stock to him was in fact a resale of stock which Younglove had purchased in the Midland firm.

3. September 26, 1924 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, September 26, 1924

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Article Text

LAWTON BANK RECEIVER GETS $150,000 AWARD Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmer's bank of Lawton, who sued B. K. Younglove, W. H. Rockerfeller, Emma J. Rockerfeller and C. H. Smith, former partners in the bank. The bank never was incorporated, so the partners are responsible, both collectively and individually, for all of the liabilities of the bank. The case was heard before Judge A. O. Wakefield in district court. The judgment confirms the fact that the liabilities of the bank amount to $150,000. It also gives the receiver the right to take whatever action is necessary to seize the private property of the individual members, should they fail to produce it voluntarily. It is claimed that the total assets of the partners does not equal the amount of the judgment, however. Two other judgments were awarded in district court. F. E. Webb won a suit against Frank G. Bush for $2,692 while S. F. Benson was awarded a judgment against Fay Rathburn for $1,064. Both judgments were for promissory notes declared due.

4. September 29, 1924 The Los Angeles Times Los Angeles, CA
Article from The Los Angeles Times, September 29, 1924

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Article Text

LARGE JUDGMENT FOR IOWA BANK RECEIVER [EXCLUSIVE DISPATCH] DES MOINES, Sept. 28.—Judgment of $150,000 has been awarded E. M. Corbett, as receiver for the Farmers' Bank of Lawton, Iowa, who sued B. K. Younglove, W. H. Rockerfeller, Emma J. Rockerfeller and C. H. Smith, former partners in the bank. The bank never was incorporated so the partners are responsible, both collectively and individually, for all of the liabilities of the bank.

5. October 7, 1924 The Recorder San Francisco, CA
Article from The Recorder, October 7, 1924

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Article Text

Lawyers and the Law Items of Interest to the Legal Profession. "The Recorder" will welcome short items concerning lawyers and the law for publication in this column. Personal items, notes of recent cases and rulings will be particularly acceptable. Speed Trap Case to Supreme Court. LOS ANGELES, Oct. 6.—The Supreme Court has been asked to settle the speed trap dispute. District Attorney Nelson of Orange county has petitioned the state's highest tribunal for a hearing and review of the District Court of Appeal decision in the case of Victor Fleming against the Superior Court of Orange County (45 Cal. App. Dec. 143). Nelson hopes to upset the decision of the appellate court and sustain the ruling of Superior Judge F. C. Drumm, who decided, in Fleming's case, that Section 155 of the Motor Vehicle Act, which prohibits speed trap evidence, is unconstitutional and invalid. The Court of Appeal recently reversed the Superior Court and held the legislation was constitutional and valid. Whether the speed trap returns to use as a legitimate weapon against the speeder or is permanently set aside until such time, if ever, as the state Legislature decides to re-establish it, now hinges on the outcome of the district attorney's appeal. Nelson argued, in his petition, that the question is one of such vital importance to the people of California that it merits a definite decision by the Supreme Court. The opinion of the Appellate Court, he held, was not definite and decided nothing as to the constitutionality of the act. Editors Held for Criminal Libel. FRESNO, Oct. 6.—Assemblyman Charles A. Foster, publisher of the Fowler Ensign, and F. I. Drexler, publisher of the Riverdale Free Press, have been held to answer to the Superior Court at Coalinga on a charge of criminal libel made by L. A. Buchanan, Coalinga City Clerk. Justice B. W. Kilby allowed bond of $1000 previously furnished by each of the editors to stand. In his decision Justice Kilby said he took the case under advisement on September 12, expecting that a retraction would be printed. He said he now believed that neither editor would publish a retraction. Buchanan filed the charges following publication of an article in Foster's paper, originally printed by the Riverdale paper, claiming that it cast aspersions upon his morals. Bank Receiver Gets Judgment. DES MOINES, Oct. 6.—Judgment of $150,000 has been awarded E. M. Corbett as receiver for the Farmers' Bank of Lawton, Iowa, who sued B. K. Younglove, W. H. Rockefeller, Emma J. Rockefeller and C. H. Smith, former partners in the bank. The bank never was incorporated so the partners are responsible, both collectively and individually, for all of the liabilities of the bank. Judge James to Sit in New York. LOS ANGELES, Oct. 6.—Judge James of the United States District Court here has gone to New York City, where he has been designated by Mr. Chief Justice Taft to sit for a month on the United States District (Continued on Page Eight.)