The Montgomery advertiser., 1904-12-28
TEN BANKERS SUICIDE
YowA,s RECORD YEAR WITH FORTY FAILURES AND &12,000, 900 LOsss
Many of Them Caused by Drop In Cat tie Prices--Faced by Ruin and Dishonor, Half . Score of Onlcials Committed
 Suicide.

Some of the Iowa Banks That Failed Buck Grove--H. S. Greens private bank.
 Dow city--H. s. Greens private bank.
 Grinnell--Citizens National Bank. Waverly--German American Loan and Trust Company. Pisgah-Bank of Pisgah, private. \Curlew--Bank of Curlew, private. Little Sioux--Little Sioux Bank, pri- vate.
 Gaza-ABank of Gaza. private.
 Tiffn-Corn Exchange Bank. private. Emerson-Farmers' Bank, private. Sheldon--Sheldon State Bank. Germania-State Bank. Ireton-Bank of Ireton. private. Colfax--Bank of Coifax. private. Royal-Bank of Royal. private.
 Ireton-F. H. McKeever's bank. pri- lvate.
 Providence-o. E. Miller's Bank. prs- vste.
 Linn Grove--H. W. Mains Bank, private.
 St. Charles-Citizens' Bank, private. victor--Iowa County Bank. private. Mount Ayr-Citizens Bank, private. Sigourney--Slgourney Savings Bank Holstein-E. II. McCutcheon's Bank Corning-Corning Savings Bank. Pelia--Peoples Savings Bank. Coin--Bank of Coin. Garden Grove--Farmers' Bank. pri- vate.
 Maquoketa--Exchang Bank. pri- vate.
 Pleasanton- -Royal-Richardson Bank l private,
 Dixon-Bank of Dixon, private. | New Liberty-New Liberty Savings Birmingham-E. D. Skinner's private Bank.
 Imogene-Citizens Bank, private. bank.
 oln--Bank of olin. private. Des Moines Special to N. Y. World. | An unprecedented record of disaster among Iowa banks will be disclosed by report now being prepared at the State Auditors office for 1904. Culmi- hating last week with the closing of the savings bank in Dedham this Is the startling record: Ten bank cashiers dead by suicide. Forty banks wrecked and their sur plus squandered
 Twelve millions of dollars lost to de- positors. In two instances bank officers have absconded with funds, thus accounting for the failure. but the remarkable number of failures due to similar cir- cumstances has aroused the curiosity of the whole State to ascertain the cause
 These arc tho suicides of the year due to bank failures, so far as the State officials know:
 H. c. Spencer and his son, cashier. and assistant cashier of the Grinnell National Bank.
 George D. Wood. cashier of the Bank of Colfax. Ia.
 Charles Wood, cashier of the Citizens Bank of St. Charles.
 F. l.. LaRue, cashier of the Corning State Bank.
 G. D. Utterback, cashier of the Sig ourney Savings Bank.
 H. W. Main. cashier of the Linn Grove Bank.
 Cashier of the Lone Tree Bank.
 Two other suicides early In the year. whose names are not recalled by the attaches of the State Auditors office.
 Tragedy Follows Tragedy.
 It Is only within the past few days that the State has become aware of the magnitude of the disaster and the trag- edies attending them, many of the fail ures having been kept quiet. Not until the two suicides in quick succession at Lone Tree and Linnf Grove. and the failure of the Sheldon State Bank. with losses amounting to many thousands, created Statewide sensation was general attention attracted to the seri- our condition of affairs. The failure of the bank at Colfax, the National Bank at storm Lake and the bank at Sigour- ney. with the suicide of the cashier, ad- ded to the sensation.
 The suicide of Cashier Utterback of the sigourney Bank. was followed by the discovery of extensive forgeries which he had perpetFated to cover up a shortage which had been running for