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The Spectator in Joliet, Illinois

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Spectator

Location

Joliet, Illinois, United States of America

Date

Mar 02, 1939

Page

2

Bank Investors Probe Chicago Case in Historic Suit

The article outlines a court review of loan actions tied to Jeliet Bank and figures like Melvin A. Traveur and Charles Gates Dawes. It notes the RFC’s lack of service exors, the bank’s troubled era, and the resignation of Dawes as head of a key national effort.

Melvin A. Traveur Netecal Bemk Comia Bank Mor Charlies Gates Dawes United States Recon

Chicago Bank Crisis and RFC Lending Controversy

The RFC faced a legal clash over a 95 million loan to Central Republic Bank and Trust, with insiders signing a securing statement later deemed deceptive. Generals and bankers met in Chicago as the city’s banks pledged 5 million, RFC 90 million, and New York lenders 10 million, all amid a dire banking crisis.

Struction Finance Corporation Chicago Central Republic RFC Central Trust Company Gen. Dawes New York Reynolds Traylor Central Republic Bank and Trust Company

Banks' Officers Move Against Stockholders Interests

A fragment notes opposition by bank officers to stockholders interests and references continuation on page 25. No further details are readable.

Also Mentioned on This Page

Jeliet Bank Investors Watch City Office Joseph F Whalen Franco Spain England France Travelers Casualty Insurance Company Illinois Travelers Casualty Insurance Co W. Jackson Blvd Ill Leath’s Jefferson Eve Alamo Cafe W. Clinton St Chiese
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