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]COURT DOINGSA three in one lawsuit involving over 510,000 is on trial to a jury in Judge W. L. KichendoiTs court. The case grows out of the failure of the the First State bank of Hawkeye lust April, and Ib typical g£ the varied assortment of civil litigation that always follows/a bank failure as the loaera seek to*''get from under.”The plaintiff in this case and in another case like it Is the First National bank of Hawkeye. In the third case the plaintiff Is the RandaJIa Savings bank. The defendants are William Raatz and his two sons, Louis G. and Leo G. Raatz, The point at issue Is exactly the Bame In all three cases, bo the way this case for $5,000 goes will determine all, for a total of $10,-150.Mr, Raatz and two sons bought the N, L. Watt farm of eighty acres in Center townehip, Mr. Watt was under financial obligation to the First National bank of Hawkeye and the Ran-dulia Savings bank. The Messrs, Itaalz in settling for the place at the National hank in Hawkeye offered cither cash or certificates of deposit on the First State hunk of Hawkeye, the National bank choosing the certificates, which were turned *over to them, endorsed by the three Messrs. Raatz, This was in November, 1026. Before the certificates became due the First State bank of Hawkeye failed, on April 8, 1927, and now the two bunks are suing the three MessrsRaatz on their endorsements,The jury returned a verdict Ibis (Wednesday) forenoon in favor of the First National bank of Hawkeye against William and L. G. Raatz for $5,000, under instruction by the judge,The $15,000 damage suit of B. F. Paige vs, the city of West Union, brought by a farmer who lives close to the city's sewage disposal plant. Is to be continued on request of Hon. W, S. Hart of Waukon, one of the plaintiff's attorneys, who la unable to come for trial at this thne.
Newspaper Details
Fayette County Leader
Fayette, Iowa, US
Thu, Jan 19, 1928
Page 4
Full Page
Clipped by
Marion P.
IA, USA 07 Jan 2018
Other Publications Near Fayette, Iowa
Leader Press
Fayette County Union
Fayette Reporter
Fayette Leader
Iowa Postal Card
