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Two Kansas Banks Closed by Directors TOPEKA, Kan., Sept. 23.-(P)-Two state banks were closed today by their boards of directors. At Council Grove the Citizens State Bank, having deposits of about $150.000, asked the state banking department to begin a receivership and at Zarah the Zarah State Bank suspended business because of the arrest of Sam King, cashier on charges of embezzlement.
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Frozen Assets Accountable for Action of Loss May be Nominal The Citizens State Bank did not for business this morning. cision to close its doors was reached by the directors in meeting held last night. was immediately placed in the hands of the state bank commissioner, Roy Bone of Topeka, who has representative here checking over affairs of the institution. Until the ledgers have been thoroly checked by accountants, no decision can be made regarding its future. Whether it is re-organized or liquidawill depend largely upon the directors and present stockholders and the extent of its frozen assets. Inability to continue business was due, officers stated, to frozen loans on which the bank was unable to realize. Slow or "iced" collateral, has been responsible for most of the bank suspensions which have occurred in Kansas during the deflation period. There was no adverse comment over the situation along the street this morning and absolutely no criticism or censure of the bank officers. It generally understood that those actively connected in the management of the instituation made superhuman efforts to maintain its stability against conditions which have caught far larger banks over the state. Confidence is expressed that liquidation is decided upon sufficient assets will be collected to make any loss to depositors very nominal. Its last statement made to the bank commissioner on June 30 showed loans of and deposits of $155,248.89. The Citizens has capital and surplus of Stockholders and the number of shares controlled by each at recent statement are: Gabriel Frank, 127; E. Pirtle estate, 40; Morris 31; W. Clark, Rees, Cahill, Hanson, 2; Hugh Stewart estate E. Leatherwood, Alfred Richards, 10; Wilson, N. Dilley, Jr., 5; Sam Illk estate, Elva Illk, 5; Minnie Loop, Marburg,
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CASHIER BANK HELD Sam King Of Zarah State With ing By Bank Is Closed. Olathe, Sept. 23. Sam cashier of the Zarah King, State Bank Zarah, Kan., arrested midnight last night on counts after investigation the bank's and was placed in jail here fairs, today. charges were filed by Johncounty authorities after the Kansas bank thorities, which lasted until late last night. Largest Loss $3,000. According authorities, the largest alleged embezzlement The bank was ordered closed day by its board of directors. The charges alleged false finan statements the banking department June 30 and that false entries made consisting of credits to accounts where deposits were record Board Closes Bank. Topeka, Sept. Zarah State Bank Zarah Johnson county was closed today by its board of directors. The banking withheld comment action pending the Kennedy, assistant state bank has Zarah to investigate the bank's affairs. The bank $10,000 capital stock. When Kennedy arrived he nounced that Sam King, cashier and principal stockholder of the was placed in jail Olathe o'clock this morning. The sistant bank commissioner clared that King falsified cash items and overdraft Kennedy that King took overdrafts of depositor, whose not revealed. Parents Heartbroken. King years old. He ried and the father of two children. aged parents living They Kennedy said when they learned their trouble Deposits in the bank taled Loans amounted Rediscounts Park Mettee is president the bank but only minority stockholder. Accusations of irregularities made King following of the bank yesterday by Carson, deputy bank Two Banks Closed. Topeka, Sept. banks closed today by their boards of directors At Council Grove the Citizens State Bank having deposits of about $150,000 asked the banking and the Zarah State Bank suspendbecause of the arrest Sam King, cashier, on charges of loans, the banking partment the Council Grove bank to close.
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Cashier Held In Jail Bank Closed Sam King. cashier the Zarah State Kas., midnight last night on six counts after an of the affairs, and was placed in jail here The charges were filed by Johncounty after investigation by Kansas bank which lasted until late last According authorities the largest alleged embezzlement was Directors Close Bank. The was closed today by its board of directors. Kas., Sept. Zarah State bank of Zarah county was closed today by its board directors banking withheld comment the action pending the return Kennedy. assistant state bank comhas gone Zarah investigate the bank's affairs The bank $10,000 capital stock. Kas. Sept state banks closed today by their boards directors. Council Grove the Citizens State having deposits about $150,000. asked the state banking department begin and Zarah the Zarah State bank suspended busibecause the arrest Sam King. cashier on charges of bezzlement Bad "Bad" loans, the banking announced compelled Grove bank to close All had face value the last quarterly The bank's capital and the surplus Gabriel Frank president of the bank and M. Leatherwood cashier deputy bank placed charge of the Grove institution When Kennedy arrived he Sam King. cashier and principal of the was placed in jail Olathe o'clock this The assistant bank clared King falsified overdraft records. Kennedy said that took of overdrafts of whose not revealed Parents King years is married the father of two children aged parents are living They heartbroken Kennedy said, when learned their son's trouble Deposits the bank totaled $46,191 Loans to $52,366. RePark Mettee is president the bank only minority holder Accusations irregularities made against following bank terday deputy bank
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PREACHERHELD ON CHARGE San Quentin Man Hanged for Murder. GRAND RAPIDS.-The Rev. Willis J. Jordon, Columbus, Ga., preacher, was arrested here on telegraphic advices from the sheriff at Charlotte, N. He was taken into custody at the home of Mrs. Ella Thomas, whom he said he came here a week ago to marry The telegram from the Charlotte sheriff did not specify the charge on which the Rev. Jordon was sought. CHARLOTTE.W. c. Dowd Sr., publisher of the Charlotte News, died suddenly at his home here. KINSLEY, Kan-Harold Dewitt, accused slayer of Sheriff Govan C. Mills of Hamilton county, was captured here. He was found in a railroad coal chute, where he had taken refuge when rain began falling. following his escape from jail at Dodge City. SAN QUENTIN.-Earl J. Clark, convicted of murdering Charles Silva, San Pedro sailor, in April, 1925, was hanged here. The trap was sprung at 10:01 and Clark was pronounced dead 13 minutes later TOPEKA.-Two state banks were closed Friday by their boards of directors. Council Grove, the Citizens State bank, deposits of about $150,000, asked the state banking department to begin receivership, and at Zarah, the Zarah State bank suspended business because of the arrest of Sam King, cashier, on charges of embezzlement. NEW YORK.-Mrs. Alice Ardis, 28, wife of J. T. Ardis, wealthy broker, either jumped or fell from 15th floor window of her apartment on Fifth avenue at 84th street and was killed. maid said Mrs. Ardis had been 111 and under docto: care for nervous trouble for some time.
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TWO BANKS ARE FORCED TO CLOSE THEIR DOORS Citizens State at Counell Grove Un. der--King Charged With Six Embezzlement Counts Topeka, Sept. 23. (AP)-Two state banks were closed today by their boards of directors. At Council Grove the citizens state bank, having deposits of about $150,000. asked the state banking department to bezin receivership and at Zarab the Zarah state bank suspended business because of the arrest of Sam King. cashier on charges of embezzlement. "Bad" loans, the banking department announced, compelled the Council Grove bank to close, All of the loans had a face value of $161,000. at the time of the last quarterly
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Two Kansas State Banks Are Closed By Officers The Associated Press) TOPEKA, Kans., Sept. state banks were closed today by their boards of directors. At Council Grove, the Citizens State bank. having deposits of about $150,000 asked the state banking department to begin receivership and at Zarah the Zarah State bank suspended business because of the arrest of Sam King. cashier, on charges of embezzlement.
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Two Kansas State Banks Are Closed Sept. state banks were closed Friday by their boards of directors At Couneil Grove the Citizens' State bank. having deposits of about $150,000, asked the state banking department to begin receivership. and at Zarah, the Zarah State bank suspended business because of the arrest of Sam King. cashier, on charges of
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COUNCIL GROVE BANK CLOSES The Citizens' State bank Councilhaving deposits of about asked the state banking to last the banking departannounces, compelled the bank The captial stock was and the surplus GabFrank the president and the An share on the bank stock been called for by the bank mission. At Zarah. Kansas. the Zarah State bank business the past week because of the arrest cashier, no charges of
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SUES FOR C. Johnson, state bank receiver, has brought suit in the district court against the National Surey company for the collection of $10,000 bond in connection with the closing of the Citizens bank here. The bond, if paid kill be added to the assets of the bank and apportioned among depositors dividend. PLAY KID FINALS Finals in the state base ball games of the juvenile league sponsored by the American Legion are being played this afternoon at poria between that town and Salina. Yesterday Emporia fought its way to the finals by defeating Norton while Salina trimmed Kansas City. ABANDONS COTTONSEED Herington which experimented with cottonseed greens two years ago its golf course, has abandoned them for sand. The ton seed cost around thousand dollars but proved unsatisfactory to most golfers and will removed VIEW ON SEPT. The board of county commission. will go to Clark's Creek on Sept. to view the new road titioned for by Geo. Parker and others in that community. Yeserday the board spent afternoon inspecing road graders. PROSPERITY ITEM George Speer has purchased new Chrysler coach from the son agency. Delivery was made today.
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MORE BANK SUITS Three more suits for the recovof funds on deposit in the Citery izen's state bank were filed in the distret court today. The plantiff all Mexicans. H. Alvardo are he had balance of alleges on which was paid a idend of $428.30. Patricia Alvardo claims balance of which she has received Martin Alvardo had and has been paid posit bank receiver. Each asking the against Gabriel Frank judgement M. Leatherwood for the and Pirtle is the balance due. local attorney.
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ALMOST COURT DOCKET AGAINST FRANK Is Defendant Per Cent of Civil Cases Docketed Gabriel Frank, Morris county's largest land owner, will enter the December term of district court the most sued man in the county. There are 43 civil cases docketed for next term and 22 cent of per them are against Mr. Frank. The litigation in which he is defendent has resulted from the closing of the Citizen's bank of which he was president. The complete Docket as certified today by Rude, deputy clerk court Michael Missouri, Kansas and Texas, damage Frank Drake VanNatta and Council Grove city, damage Karns VS County Commission damage W. Mohr Gabriel Frank recovery of money Miller Agricultural Insurance company recovery money Tillie Martin vs Gabriel Frank, covery of money Curtis Mrs. Elizlabeth Schlosser and performance of contract. Reese Williams VS Gabriel Frank, recovery money Patricia and Martin Alverado Gabriel Frank, recovery of ney Ruch Gabriel Frank, recovery of money Earl Tanner and H. Songer Clark, suit on note Tanner Fred and White, suit on notes Tanner and Songer Blanton, suit on notes. Interlocking Cement Stave Silo Co. Strom for dismissal W. Pirtle M. Gross, recovery of money Gilmore Gilmore, divorce. White VS Sue Pirtle, recovery of money Ramsey Missouri Pacific, damage Gruwell Lee Meier, recovery of money Pearl Sharp Torgeson Lida Sharp, partition Burdick State bank R. and Cress, reviror of judgment Alex Cunningham VS W. Munkres, recovery of money C. Thomas W. Adam, covery of money Ona B. Morris Frank Morris, divorce Gabriel Frank Bowman recovery of money Ina Borman Prater, adm., partition and accounting White Gabriel Frak, recovery of money Mary Stauffenburg Quinter Sample settlement wages Citizens National bank Emporia Citizens State bank, recovery money Brigham and Wilson, VS Harry Snyder, adm., realty commission Johnson Edwards cancellation of oil lease Carl Tieman Drake, cellation of oil lease Hoffman Drake, cancellation of oil lease Dietrich Drake, cancellation of oil lease Aug. Herpich H. Faulters, mage and lease cancellation assignment Abbott, settlement of claims Belts James Eads, quiet title Drillers Supply company, Graham, foreclosore lein Graham Hiat, foreclosure mechanics lien Graham Ralph Rochat, can cellation of oil lease
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WILL APPROVE SALE is likely the state banking dewill the receivers partment approve sale of Citizens bank holdings made here The total realized today. the sale telephoned Chas. from was Johnson, bank receiver at Topeka. instructed the local receiver to ward formal report of the procertified check for ceedings. A purchase price was posted by White immediately after the sale.
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GETS STOCK RELEASE C. W. Johnson, state bank receiver, has filed with the district clerk release to Rees, showing that the latter has paid his double liability assessment caused by the failure of the Citizens State bank here. CLOSE DWIGHT STORES Dwight merchants have decided to support the high school football team there by closing all stores from to on days when there is home This week game played. Strong City plays on the Dwight field. CHESTNUT CROP James Sharpe, orchardist, has fair crop of Chestnuts along with Jonathan and other apples this year. He has chestnut tree near his house which bearing crop of good sized nuts. NOAH MATKINS HERE Noah Matkins here on short business Idaho where he trip from located after Council Grove. leaving
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TO LIQUIDATE BANK Receiver to Sell $100,032 in Notes And Claims Assets of the defunct Citizens State bank amounting to more than $100,000 will be sold at public auction Friday, November by H. E. Snyder, receiver. The sale will be held at the court house and includes unpaid notes, judgments and overdrafts due the bank, well as some real estate. The real estate cribed part of lots 13 to 16 in block 28. Assets of the note case consist of in notes given the bnk by borrowers on which the receiver has not been able to realize. This sum augmented by in judgments held against individuals by the bank, and in overdrafts. complete list of these frozen sets will be published The notes will be offered for sale tothe highest bidder.