Bank Inquiry 9 Continues Over Cosmopolitan Bank Debacle
State banking officials and Leo J. Van Lahr, president of Provident Savings Bank and Trust, met yesterday to appraise Cosmopolitan Bank loans. Overdue paper exceeding 400000 dollars is under review, with potential losses from liquidation approaching 925000 dollars.
MENTIONED IN THIS ARTICLE
Leo J. van Lahr
Provident Lavings Bank and Trust Company
Cosmopolitan Bank
Shafer
Edward D. Schorr
Commerce
Columbus
Nida
Jack E. Nida
State of Ohio
Hugh A. Shefer
Ambrose
Schorr
Frank J. Dorger
Clarence
Clarence Dorger
Dorger
Two Michigan Banks Closed After State Exam
State Bank of America and Merchants and Mechanics Bank in Hamtramck shut their doors following an inquiry by state banking authorities. Led by State Senator George J. Kolowich, the banks halted operations due to frozen assets, with no shortages found. Plans discussed to have Detroit bankers take over the state bank, which shows $100,000 capital, $65,470 surplus and profits, and $1,311,760 in deposits.
MENTIONED IN THIS ARTICLE
Michigan
Florida
Detroit
Mich
Hamtramck
State Bank of America
Merchants and Mechanics Bank
George J. Kolowich
State Bank
Bankers Trust of St Augustine Closes Under Liquidation
The Bankers Trust Company of St Augustine failed to open today with a notice on the door stating the directors voted to close and liquidate the institution due to unfavorable business conditions and insufficient local support. Depositors will be paid in full as liquidation allows.
MENTIONED IN THIS ARTICLE
ST. Augustine, Fla
Bankers Trust Company of
St. Augustine
Cleveland Trust aide indicted for embezzling 4000 dollars
Whitmore L. Pinder 37 assistant manager at a Cleveland Trust Co branch pleaded not guilty to embezzling 4000 dollars. He was held on bond of 25000 dollars. He faces a grand jury indictment in Cleveland Ohio.
MENTIONED IN THIS ARTICLE
Cleveland, O
Whitmore L. Pinder
Cleveland Trust Company
Man Charged With Embezzling Bank Funds
Trial set for Monday as bond for the suspect raised to 10000 dollars. He allegedly confessed to embezzling sixty thousand dollars from bank funds.
China to Force Customs Duties
The State Council at Nanking orders all ships bound for Tientsin to obtain government clearance in Shanghai and pay duties there. The move follows rebels seizure of the Tientsin Customs House on June 16 and revenue diversion. The customs staff at Tientsin will be withdrawn.
MENTIONED IN THIS ARTICLE
Shanghai
Nanking
Tientsin
China ratifies ILO convention on minimum wage machinery
In Geneva on June 19 China notified the International Labour Office it ratified the ILO convention creating minimum wage fixing machinery. It marks the first time China has ratified an ILO convention and signals Nanking's intent to align more closely with League of Nations activities.
MENTIONED IN THIS ARTICLE
Geneva
China
International Labor Office
League of Nations
Detroit Kidnaping Ring Stirs Long-Running Crime War
Warrants issued for six members of the Joseph Laman gang after Laman’s confession detailing nearly a decade of kidnapping and murder. Police say more suspects linked to crimes including the abducting of five-year-old Jackie Thompson and the ransom of Henry Thompson’s son.
MENTIONED IN THIS ARTICLE
Detroit
Mich
Joseph
Legs) Laman
Laman
Harry Hallisey
Ben Rubenstein
Stanley de Long
Joe O’reardon
Jerry Mulane
Roy Cornelius
O’reardon
Mulane
Cornelius
Leavenworth
Kan
Frances Poloski
Morris Kahan
Hyman Case
Harry Metzger
Gideon Gowatch
Frank Verzi
Max Kerner
David Cass
Harry Andrews
Michigan
Jackson
Fred Begeman
Edward Wiles
Frank Hohfer
Cass
Andrews
de Long
Reuben J. Cohen
Jackie Thompson
Henry Thompson
Jackie
James Fernando
Thompson
Senate Approves Danforth Promotion to Brigadier General
The Senate Military Affairs Committee voted unanimously to favor Col. Charles H. Danforth for brigadier general and Assistant Chief of the Army Air Corps. Danforth, commander at Selfridge Field Michigan, is expected to be acted on by the full Senate the next day with indications of unanimous approval.
MENTIONED IN THIS ARTICLE
Senate
Washington
Charles’ H. Danforth
Selfridge Field
Mich
Army Air Corps
Senate hearing on Steinert Committee and campaign funds
Caraway defends Steiner Committee limits and voices skepticism about charges of misappropriation. He notes many inquiries into political activities were withdrawn and cites several cases where no action was pursued by authorities or agencies, arguing the panel lacked authority beyond fact finding.
MENTIONED IN THIS ARTICLE
Senate
Steinner
Claudius H. Huston
Republican National Committee
Caraway
John J. Raskob
Democratic National Committee
Steiner
Jameson
Cannon
Union Carbide Company
Tennessee River Improvement Association
Wei
Prohibition
New York
Wadsworth
Baltimore
Noted Remarks on Matter Leave Action Open
The observer states that the facts are clear and the writer is not concerned with what action may be taken regarding the matter. The comment emphasizes reporting over prescribing any specific remedy or decision.
Berengaria's Speed Cut After Turbine Failure
The Cunard liner Berengaria, bound for New York, suffered a turbine failure reducing speed from about 23.5 to 17 knots. The exact cause wasn’t released and the ship won’t dock until Saturday. Aboard is Betty Carstairs, English motorboat racer.
MENTIONED IN THIS ARTICLE
New York
Berengaria
Cunard Line
Betty Carstairs
Slayer Testifies Fitts Promised to Save His Neck
Otto Sanhuber testified in Los Angeles Superior Court that District Attorney Baron Fitts promised to save his neck if he would tell the grand jury his story about the murder of wealthy manufacturer Fred Oesterreich.
MENTIONED IN THIS ARTICLE
Los Angeles
Cal
Otto Sanhuber
Fred Oesterreich
Superior Court
Baron Fitts
Grand Jury
Also Mentioned on This Page
State Banking Department
Gibson Hotel
Virginia Shafer
Chicago
Enquirer
Cincinnati
Enquirer Building
Main
Fred
A.schmidt
Theodore Roosevelt
Capt. Slayton
State Department
Cuba
Congress
Interstate Commerce Commission
Newngland
War Department
Valspar
Wilson Paint CO
Reading Road
Canal
Robert L. Hummel
Vine ST
No. 3
Fitts
Bes
Chesterfield
Uggett & Myers Tobacco Co
Liggett & Myers Tobacco CO
Eid
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