Bank Examiner Reveals Raynolds Bank Plunder System
The state bank examiner filed a voluminous report with the superior court detailing a Raynolds bank scheme. The bank operated insolvent and unsafe while deposits were paid, with insider loans and questionable notes. Judge Crosby appointed John R. Hulet receiver and set a $25 000 bond to safeguard depositors as a full statement is prepared.
MENTIONED IN THIS ARTICLE
Raynolds Bank
Superior Court
Raynolds
R. R. Turbeville
Re|ee
Bankas
P. T
Verna Coleman
L. M. Raynolds
J.C
Crosby
John R. Hulet
Sapp
Adamana Holiday News And Local Notes
Mrs R K Bruton and daughter Helen visit Miss Helen’s grandmother J A Kosta in Adamana. Reports say a Holbrook bank collapse wiped out funds for the American Legion Red Cross Girls Friendly Society M E Sunday School and Christian Science Society relief funds. Local updates on teaching staff injuries and oil ventures also appear.
MENTIONED IN THIS ARTICLE
The
American Legion
Red Cross
Girls Friendly
M. E. Sunday School and
Christian Science Society
Raynolds Bank
Crumley
Holbrook Oil Field Advances Amid Optimism for Sand Reach
Holbrook oil operation reports six weeks of difficult drilling in a clay and limestone sequence with water sealed off. Geologists believe cap rock over the sand is reached soon and a gusher may follow once penetrated. Production sands expected by January 1921 with talks of 3 500 feet depth and improved rig readiness advancing field prospects amid rumors of a nearby Petrified Forest well.
MENTIONED IN THIS ARTICLE
Holbrook
Gossipy town notes mix politics divorces and travel
Rosaria Candelaria a cattleman of Concho was here on business Monday. C L Rhoton of Takesite was in Holbrook Monday on business. County Attorney Greer returned from Phoenix after a conference with the new attorney general and state county attorneys. Jack Marden came back from Phoenix and Prescott on business. R S Teeple was in Winslow on business. Arthur B Doyle of Winslow was granted a divorce from Delphine Doyle for desertion and Arthur G Smith was separated from Ola O for the same reason. D B Farnsworth and Margaret Reynolds of Winslow joined their fortunes in Holbrook this week with Cupid and Judge Easley. Judge Sweeney now serves Winslow as justice of the peace after Senator Parr was disqualified. The counties are letting supply contracts for 1921 including printing and publishing the Mesa Tribune won Maricopa county's bid. James G Colter of Apache county, father of TS Colter, admitted to Prescott Pioneers Home aged 79. resident of Arizona 49 years. F R Wigely and wife visited Pinedale Sunday. Supervisor elect Owens came down from Snowflake Tuesday with Red Mrs Owens, who left for California Wednesday.
MENTIONED IN THIS ARTICLE
Maricopa County
Mesa Tribune
Phoenix Papers
James G. Colter
Apache County
TS 'Colter
Pioneers
Prescott
Arizona
Yavapai County
Second Warrant Served On President Raynolds
L. M. Raynolds, head of the Raynolds banking system, stood pale as he entered the court in Snowflake with Deputy DeWitt escorting him. He disqualified himself from the case, and the judge remanded him to custody. A second warrant—issued after a depositor alleged he received funds knowing the bank was insolvent—will be heard by Justice Freeman next Monday. County Attorney Greer arrived from Phoenix to handle state interests amid public outrage.
MENTIONED IN THIS ARTICLE
Raynolds
Justice Freeman
Examiner
L. M. Raynolds
DeWitt
Josh
Snowflake
Greer
Phoenix
Give Us This Day Our Daily Bread Christmas Appeal
A wartime appeal describes starving children in Europe and refugees in the Near East, urging American readers to aid with food clothing and funds. It emphasizes Christian charity, the suffering of orphans and prisoners, and positions Uncle Sam as a source of aid across seas. The message invites readers to act as agents and cites Arizona HQ at 42 E Morroe St Phoenix and local holiday goods offers at Wetzler's.
MENTIONED IN THIS ARTICLE
Sam
America
Antheti
Turkey
Armenia
Persia
Russia
Near East
Arizona
E. Morroe Street
Phoenix
Also Mentioned on This Page
Bank Examiners
John R.hulet
Piper If
First National
Albuquerque
Wakefield & Co
Raynolds Outfit
Liberty
Citizens Bank of Los Angeles
Sa- Geo
Adamana
Chas. von Achen
Bibo
Miss Bower
Messrs
Arthur
Pete
Jiggs
Beasley
G Lake
Maggie
Everbreeze
Arthur Beasley
Poole
Holbrook Oil Field
Zuni
the Holbrook
Petrified Forest
Rosario Candelaria
Concho
C. L. Rhoton
Takesite
Jack Marden
R. S. Teeple
Winslow
Arthur B. Doyle
Delphine Doyle
Arthur G. Smith
Ola O
D. B. Farnsworth
Margaret Reynolds
Cupid
Judge Easley
Judge Sweeney
Borough of
John Sweeney
Board of Supervisors
Justice of the Peace
Parr
Sweeney
O Xe
F. R. Wigely
Pinedale
Owens Leame
Red
Owens
California
Wetzler's
Babbitt Brothers Trading Company
Holbrook, Arizona
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