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    1. FINANCIAL AFFAIRS AT RUSSELL.
    2. Nancee(McMurtrey)Seifert
    3. The Chariton Leader, Chariton, Iowa Thursday, November 14, 1906 The depositors of the Russell Bank held a mass meeting, on Saturday, to discuss the situation and formulate some plan to adjust matters. A.J. METTLIN was selected chairman of the meeting. Twelve men were named out of which a committee of three were to be selected by the chairman to investigate the resources of the bank and report -- in other words they were receivers in fact. The men selected were: W.H. BRANHAM, C.D. SMITH and WILL ELLIOTT, all good, level headed business men. As is already known this was a partnership bank, owned by F.R. CROCKER and THOMAS BRANDON, under the firm name of CROCKER & BRANDON, and each partner was liable for the full amount entrusted. MR. BRANDON gave a verbal statement of his resources and assured the depositors that they would be paid every dollar in full. His individual deposits in the First National Bank was not as much as he had at first supposed -- only footing about $22,000. The deposits in the Russell Bank, re-deposited in the Fi! rst National amounted to $65,000, making his loss, providing every dollar of the First National resources had been wiped out, $87,000. When the affairs are gone over MR. BRANDON will give his guarantee in writing. The depositors are well pleased with his attitude and have confidence that not a dollar will be lost at Russell. -------------------------------------------------------------------------------- Copied by Nancee(McMurtrey)Seifert October 17, 2004 [email protected] *Here you go, Tom!

    10/17/2004 02:25:23