Contributed by barbara-dave
Description: Bank Closed Page-1
Newspaper published in: Washington, D. C.
The Evening Times April 18, 1901 Bank Closed Page-1
AN IOWA BANK CLOSED.
The Vice President Missing With $30,000 of the Funds.
Lemars, Iowa, April 18 - The doors of the Lemars National Bank were closed yesterday pending examination by the Comptroller of the Currency. T. F. WARD, the vice president, has left with $30,000, leaving the affairs of the bank heavily involved. He left a note for F. KOOB, the cashier, saying he was going "God knows where," and that the Board of Trade had ruined him.
It has been known for years that WARD indulged in speculation on the Board of Trade. He leaves a wife and a week-old son. The liabilities to depositors amount to $125,000. The bank was organized in 1894 with $100,000 paid up capital.