842601585 84260
national
6c952dca5374e026Full suspension, Books examined
Two Day Run Closes Second Bank In Gary Gary, Ind., Jan. 6 (LP)-The First National Bank, a $4,500,000 institution, closed at 1:30 p. m. Tuesday after two day run on deposits. Gary was left with only one bank, the Gary State, the National Bank of America closed Monday and the run on the First National followed. Closing of the last bank in Hammond to weather the financial pressure in the Calumet district on Saturday was believed partly responsible..
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ALL BANKS BUT ONE HAVE FAILED IN CITY OF GARY, INDIANA Gary, Ind., Jan. 6.-The city of Gary found itself tonight with only one bank still doing business. The next to last bank in the city closed today because of a run. It was the First National, a $4,500,000 institution. President F. R. Schaaf predicted it would be reopened within a week. Bank runs started in the Calumet district of Indiana last week. On Saturday, the last bank in nearby Hammond, a city of 64,000 persons, was closed, making Hammond probably the only city in America of that size without a single banking institution. Monday the National Bank of America closed here. That left only the First National and Gary State. When the First National closed at 1:30 p. m. today, only the Gary State was left.
DAVID JENNINGS BANK RECEIVER David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
DAVID JENNINGS BANK RECEIVER David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
DAVID JENNINGS BANK RECEIVER David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
DAVID JENNINGS BANK RECEIVER David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr.
DAVID JENNINGS BANK RECEIVER David Jennings of Indianapolis has been appointed receiver of the First National Bank of Gary which was closed recently temporarily. Mr. Jennings expects to assume charge of the bank's affairs as soon as the examiners conclude their duties which is expected about the end of the week.
GARY EMPLOYES PROMISED PAY GARY, Ind., Feb. 17.-Gaty's city employes, who experienced "payless payday" Tuesday because the depleted condition of the general fund, will be paid in full on Saturday, partly result of action taken by the city council, By unanimous vote the council suspended its rules to pass an dinance authorizing the transfer $25,000 from special fund for street repairs to the general fund for use in meeting the city payroll. The money represents approximately half of Gary's share of the 1931 distribution of state gasoline tax revenue. A draft for the amount was received Saturday by City Controller Roswell B. Johnson. In addition to the $25,00 put into the general fund by the council, the city controller expects to realize $18,000 from the sale of U, S. government bonds obtained recently from the closed First National bank where they furnished security for city funds on deposit during the bank's solvency.
GARY BANK ANNOUNCES DEPOSITORS DIVIDEND Oct. 4.-Payment of 20 percent dividend for du. positors in the closed First Na. tional Bank here started today. A total of $340,000 was to De d14tributed, with the largest single The bank closed last Jan. 5.
MOOR NAMED DEFENDANT Theodore Moor, cashier of the suspended State Bank of Hammond action for $1,500 District receiver for defunct First National Bank of Gary Moor being sued for liability shares stock the institution $300 interest. Force, filed the action for Receiver
Gary Bank Employe Dies as Car Crashes Viaduct [Special to The Indianapolis Star.] GARY, Ind., March 12.—Driving his automobile headlong into the Indiana Harbor Line viaduct here today, James H. Gehring, 38 years old, was instantly killed. Gehring was an employe of the First National Bank receiver.