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BANK BURGLARS..(Continued from page one)also missed $40,000 in currenc in a large time-locked saflt; which tliey did not attempt t open. In addition to the silve they took a large quantity c American Express and Bank c America blank travelers check;Interi'or of the vault containin safety deposit boxes was shambles Friday morning. Boxe had been beaten, battered an pried, and the front was tor; off one entire section. On other hinges were broken off and som of the locks removed. Bonds abstracts and ‘other papers wer scattered on the floor, and ernp ty boxes were piled high agains the west wall. Apparently nothing but cash was taken fron any of the boxes. Even ode coins and souvenir gold piece* were left behind by the cro'oksIn both vaults, holes left ir the dotrs when locks were re moved had been plugged with paper to keep light from shining through while the thieves were at work. Ledger carts had beenBANK INSURANCEBank officials pointed out hex)B this week that money on deposit in the Laurens State Bank is insured, up to a maximum of $10,000 for each depositor, by the federal deposit insurance corporation. This applies to .both savings and checking accounts.In addition, the local bank carries $100,000 insurance on cash and securities., Although the bank lias another $100,000 insurance policy to cover safety deposit boxes and their contents, this does not cover currency left in the boxes. Money left in the boxes cannot be in-insuredLwheeled out to provide more room. Ledgers, ‘checks from the previous day’s business, note files $nd other records of the bank were left intact.Blind Closed 1The‘ large Venetian blind in the front window of the bank left open at night, was closec; when the burglary was discovered.The break-in occurred sometime between 11 p.m. Thursday and 6 a.m. Friday. Membere of the board of directors of Laurens Skyways, Inc., held a .meeting in the bank Thursday night that lasted until almost 11 'o'clock. Mrs. Vera Binning, who lives over the post officc s j two doors south, heard a muffled e[ pounding at about 1:30 a.m. but y. said she thought nothing of it ir ’ at the time. The sound apparently came from the direction of the bank.Phillip “Bud''' Vanderp'ool, town marshal, was on duty di^r-5-ing the night He reported he i had seen no suspicious charac-i j ters in town and had heard no ' commotion.Closed Friday The bank, remained closed. most of the day Friday to investigate the. burglary. Bank officials and employees were busy until a late hbur Friday night, sorting the contents of safety deposit boxes from the floor of the vault and checking for possible loss. A locksmith was also on hand to repair and replace broken lbcks.The “bank robbery” was the chief topic of conversation in Laurens Friday, as residents . of the community waited to find out whether their safety deposit boxes were among those opened.i
Newspaper Details
Laurens Sun
Laurens, Iowa, US
Thu, Nov 09, 1950
Page 5
Full Page
Clipped by
Ronald H.
AZ, USA 17 Dec 2019
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