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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Jan 06, 1925
Page
9
A state bank examiner took charge of the Waterloo Bank & Trust Co today. Depositors in other banks in the city are not alarmed. The auto bank suspension stemmed from unfounded rumors started a few days ago. Other banks report strong solvency with ample cash resources to meet all demands. The city credit structure remains sound.
London dispatches report bloody Italian street fighting from Fascist repression with several wounded and three dead. Mussolini seals a unified Fascist cabinet after liberal resignations, while Salandra departs as Italy reshapes governance. Public opinion should decide the regime's fate.
Notice instructs readers to ensure home delivery by 5 30 PM and to call 5100 if the paper is late. It adds that staff will send a copy and that calls must reach the office before 6 20 PM.
Secy of State Mrs Morence E Knapp takes office in New York becoming possibly the first woman in the United States to hold the post. She administered the oath to Gov Alfred E Smith in Albany as he began a third term. She is mother of attorney J T Knapp who practiced in Waterloo before moving to Chicago.
Wyoming Governor Nellie Taylor Ross starts work on the annual message and budget for the Wyoming legislature opening January 13. She signals a policy of sharp retrenchment likely cutting state expenditures and salaries, while keeping details undisclosed.
Florence McKinney a 19 year old Royal township girl was sentenced to one to seven years in the Detroit house of correction after pleading guilty as an accessory after the fact in the murder of Cora May Raber Aug 6. Judge Charles E White announced the sentence in Berrien county court. Raber was choked to death by her former sweetheart Emil Zupke while McKinney drove the roadster used in the crime. The body was found in a deep tangle of underbrush days later per confessions.
A French memo on refunding debt leaves Washington waiting for clearer proposals. Clementel’s unofficial communique to Am Dag remains noncommittal and offers no concrete plan, while Mellon and Jusserand have only prior understandings of French views to guide speculation.
In a citywide note, Commercial National and Leavitt Johnson National banks report Waterloo Bank & Trust Co placed in charge by the state banking department due to continued withdrawals amid rumors. Other local banks claim stronger resources, with cash holdings more than doubling from a year ago and no reason for public alarm.
Owing withdrawals in recent days the Waterloo Bank & Trust Co at Lafayette building was taken over by the State banking department at 1 p m today. The Waterloo Clearing House association aided with funds to save the bank though withdrawals proved too heavy. Examiners reported assets over two million dollars and praised clearinghouse cooperation while pledging to work with other agencies to return deposits promptly.
Fort Des Moines January 6 flaring barracks of the Ninth Field Artillery and other quarters were under threat as the army’s manpower was called to battle the blaze. Damage estimates were not available but service battery quarters were expected to be a total loss.
Warrants were issued today for Robert Santardick Wart Sehmitt federal prohibition agents and Deputy Sheriffs Ernest Fee Tank Graham and Dan Philips. They face charges of assault and battery and oppression under color of office in connection with alleged illegal liquor raids in Omaha Nebraska.
Washington reports Secretary of the Navy Wilbur and Solicitor General Beck as leading candidates for attorney general after Warlan R. Stone’s promotion to the Supreme Court. Stone to remain AG until Senate confirms a successor. Beck may act in interim. In Iowa Cedar Rapids supporters push James W. Good, former congressman, as Stone’s replacement citing cabinet potential and long Republican service.
At South and First streets around noon today Herman C. Miller and B. Mi. Stuarm collided. Miller suffered a knee and elbow injury with a cut on the nose. both cars were damaged. The crash happened as Miller swerved to avoid the Storm car, skidding on slippery pavement and striking a telephone pole.
Cinternational News Wired Los Angeles tai January 6 America faces a dire naval scene says William W Shearer a millionaire naval expert He notes American battleships lack reach speed and maneuver against possible EN powers who might strike The fleet would be destroyed before closing with the enemy according to his assessment
Former state treasurer Burbank hires George Cosson to defend against a state suit seeking recovery of more than 1 million dollars tied to funds he failed to turn over to successor Ray Johnson. Assistant AG H A Huff probes surety bonds and banks involved as records are incomplete. Iowa City Jan 6. Miss Charlotte Stowe, 10, tied here today as the oldest woman in Johnson County.
A Des Moines court heard charges filed by Ellen Diggins and Louise O'Brien against Wan Diggins, alleging abandonment and accompaniment of a 22 year old girl. Mrs Diggins expressed anger, while Diggins denied the accusations and faced trial.
Councilluis Ia Jan 6 The West Pattawattamia Farm Bureau adopted a resolution at its annual meeting opposing a state bond issue to pave primary roads and gravel others and opposing a 2 cent per gallon gas tax. It argues the gas tax is a sales tax and that direct taxes should fund road needs, noting farmers already bear most direct taxes and are not financially able to pay more.
In Chicago two minority stockholders sue Illinois Bell Teleph one Company alleging AT and T controls the firm in violation of Sherman antitrust law. They cite recent acquisitions as evidence while company officials note a Supreme Court upholding of AT and T connection with Illinois Bell.
New York Jan 6 A $506000 alienation suit against Cyrus H McCormick head of International Harvester will be settled out of court counsel for Edwin Jacobs the plaintiff announced today McCormick's attorney said no agreement had been reached yet and negotiations continue through counsel with both sides seeking a settlement.
Patterson of the Hygienic ice company announced a merger of about 1 000 000 in ice properties across 10 cities in the United States and Canada. Partners include Peoples Tea & Coal, Empire State Tea, Federal Refrigerating Company, and Hygienic. The consolidation aims to streamline operations and benefit the public.
Luther A. Brewer Republican Independent filed a senate contest in Washington DC alleging fraud and irregular ballots in the Towns Semgeorial election. Daniel F. Steck Brookhart’s Democratic rival also said he would contest the election citing voting irregularities and qualification questions.
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