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Will Pay 60 Per Cent.-The Citizens State Bank of Chautauqua will pay the depositors between 60 and 70 per cent, according to a statement issued by M. A. Thompson, examiner. F. E. Turner, the boy cashier, is still missing. Thompson has asked that a receiver be appointed.
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PROBE BANK DEAL Attorney General Investigating Troubles of Chautauqua Forgery. More of the troubles of F. E. Turner, the defaulting Chautauqua Springs banker, are being investigated today in the attorney general's office. S. M. Hawkes, assistant attorney general, was today in conference with local attorneys in the Turner case concerning the payment of alleged preferred claims against the bank. It is charged that Turner forged notes to the amount of $35,000, placed the money in the Citizens' State bank of Chautauqua Springs and went to South America. Persons whose names were attached to the notes have now brought suits as preferred creditors to recover the money in the bank. The state and the receiver for the bank will contest these claims. T. A. Cramer of Eldorado and W. H.
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No. 20,613. The Arnold Investment Company, Appellee. vs. The Citizens State Bank of Chautauqua et al., Appellants. Appeal from Chautauqua County. REVERSED. By the Court. Mason, J. Syllabus. The owner of money fraudulently obtained and used in the business of an insolvent bank, by its cashier, is not entitled to repayment by the receiver, in preference to other creditors, except so far as he shows that the assets which reached the hands of the receiver were larger by reason of such transaction that they would otherwise have been; it is not enough to show that the assets of the bank were increased, or that the money was used in reducing its indebtedness. All the Justices concurring. A true copy. Attest: [Seal.] D. A. VALENTINE, Clerk Supreme Court.
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Failed Bank to Pay.-S. G. Pottle, receiver of the Citizens State Bank of Chautauqua, of which F. E. Turner, "the boy cashier," was in charge when it was closed more than a year ago by M. A. Thompson, special bank examiner of Kansas, announced that December 18 he will pay a 25 per cent dividend to the depositors and creditors of the bank. Another small dividend may be paid later, Pottle stated. A half dozen legal suits against the bank are now on the court dockets at Sedan or Pawhuska.