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Newspaper
Atlantic News Telegraph
Location
Atlantic, Iowa, United States of America
Date
Jun 04, 1926
Page
1
Notice to Atlantic subscribers advising delivery options and contact number for late papers. Includes mailing rates and carriers for Canada and the U S. and urges calling 504-W before stock to arrange evening delivery.
Debacle surrounding the Washington Idaho bank failure implicates State Senator J L Brookhart and his firm Brookhart Brookhart Lo and Smith Wildman as figures who disposed of holdings to escape deposits liability. Depositors claim guarantors could have paid far more and seek restitution as the bank’s collapse affects many ordinary citizens. The story, labeled nasty by depositors, highlights alleged pressure by Brookhart to reduce bond liability from 395000 to 6000 and suggests broad political-financial entanglements at a critical time.
An Iowa bank failure and related bond cancellations reveal alleged Brookhart influence and misdeeds. The Farmers and Merchants State Bank of Washington faced solvency issues tied to loans and a substantial bond, with allegations that Brookhart family members manipulated assets and insurance bonds to cancel debts. Local depositors, many farmers and widows, lost funds, while the bank’s directors supposedly controlled the outcome and kept details secret. The piece condemns political manipulation and argues for Senator Cummins over Brookhart in the upcoming election, framing the controversy within broader state politics.
The piece critiques biographers and readers who deify Lincoln while missing the complex, evolving public man. It contrasts hagiographic portrayals with Adams's view of Lincoln as a blend of Christian and agnostic traits, noble yet human, amid shifting literary treatments.
An opaque OCR fragment from 1928 NEA Service hints at political and financial schemes. It mentions Atish and a quick money plan, a Germany aircraft project, an in-air building concept, and familiar sayings about the Sahara. The text is garbled and lacks clear events or dates.
The eighteen firemen dropped from the department will have a final hearing before the civil service commission on June 8. The case, heard by Detten and Lunde, centers on their removal and potential reinstatement after the hearing.
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