Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-11-12
Bank at Imogene Suspends
Temporarily on Account OF
Cashiers Heavy Shortage
RELATIVE MAKES LOSS GOOD
Father Of Cashier McGarsi'I Agrees to
Make All Losses Right and tho Bank
Is Again Opened Under Management
Of Parties from Council Biuffs-Mc-
GarailI Specialized.
special to T,mes-Republican.

Special to TlneS-RepODNcans
Shenandoah, Nov. IA special to
the Sentinel from 1noTene says:
Th. Citizens l ark was closed We'd
nes,lay ant ON til: door was pinned
this ominous notice: wv. II. Nc
Garg.I Is out of town and Miss Nc
Gargill is i'll. The bank will open in
the morning end Your money will be
ready for you. Ed McGa"g;!l."
What did it mean: Sad to say TIE
bank haul failed and the popular
ca.nier. VIII M,t:;us!i had fled The
county never t.. return. He 3ad
been gambling Oh the board Of
trade AMI getting IN deep enough to
wreck the eanx he was unable tG
and wife and aged parents and gone to
no one knows whore. lie left Satur6cy
.loon say,ng he was going to Sh.a-
Andoah, AMI would reluln in the CIV n
ing. but he did rot return. No Gre
felt any concern about 1t; he often
went away. and hts sister Anna rum;
the bank III, mis- abs' nee all fright.
Yesterday mo, nitg letter was rece'v'-
ed frcin hun aj,iiti! ne his tr ouble, ana
saying he would lie er return AMI
would be- L.e,ess to seek him, for he
couic net be found. TIE shortage Is
said to lie IL the neighborhood OF
s35.0tC. hut his ftther promptly step
god into the b,eech and gave no''ce
that every dollar SHOULD be paid ana
he is abundantly able to do so. a
most remarkable fact becomes appar-
ent in connection with this sad
event. Altho nearly every business
man, farmer and even children, had
funds in the bank in large sums or
small. there is not the slightest indica-
ton of alarm or panic. Such is the
confidence they feel in Ed McGargill
that every ore goes about unconcerned
as to any loss they may sustain. The
feeling is of sadness, regret, of sorrow
for the splendid family over whose
happiness q shadow has been cast. The
money loss is one of the smallest con-
siderations; their honor and integrity
have been affected. They have the
sympathy Of the entire community.
will McGargill was regarded as mod
eli man, honest, honorable, obliging, he
was the friend of everyone, and
eyeryone his friend. He was ex-
eeedingly popular among all classes.
"A few there are who had better
chance of knowing the inside of
things, now say that he has been
going wrong for about a year. 1t is
intimated that he had a partner in
the business, who will soon appear,
and that there are further develop
rnents to be made. The writer of this
will not believe that Will McGargill
is criminallv guilty. He has made a
sad mistake, took a. daring risk and
lost.
4 what of the bank? It will go on.
paying every depositor in full, but it
win be under different ownership.
The bank has been sold to Father
HAYES and his associates. Banker Hart
and others Of Council Bluffs and the
bank Is again open. 1t is not known
who the cashier will be. The people
here are perfectly calm, satisfied that
Mr.. McGargill will make everything all
right. The new officers will assume
the obligations of the bank and pay de-
rooi%ore