Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1914-05-19
RADCLIFFE BANK
ERS ARE IN JAIL
Warrant Sworn Out by Farmer Who
Alleges They Forged His
= Name to Note for
$4,000.
SHERIFF NELSON HAS WARRANT
Liabilities Now Placed at 1921, 345
: Assets Figured at Only
$4,000.

Brothers, proprietors of the Farmer!
Bank here which closed it's door:
Wednesday, were arrested at Eldors
yesterday on the charge of forgery
and are now in the county Jail al
Eldora. They waived examination
and were bound over to the gran(
jury, the bond being fixed at $4,000
each. The grand jury will meet on
August 31st.
The arrest was made early yes.
terday morning after informa-
ton had been filed against the Him
NELL brothers by John Sampson OF
Radcliffe charging them with forg-
ing his name to note for $4,000.
AS soon as the news of their arrest
reached Radcliffe Gust J. Patek, de-
tective for the Iowa Bankers associ-
alton, who was sent here from Des
Moines to Investigate the case, and
Marshal j. O. Mason of Radcliffe
went to Eldora and accompanied
Sheriff Thomas Walsh of Hardin
county back to Radcliffe with the
prisoners.
The Himmell brothers were ar
raigned here for preliminary hear
ing before Justice c. E. Myers at
$3.50 o'clock this afternoon. Rogers
& Wood of Grundy Center were the
attorneys for the defendants, and
County Attorney C. A. Bryson of
Iowa Falls and w. r. Williams of
Eldora appeared for the state. Ow-
ing to the fact that the Himmells
waived examination the hearing
took but short time, and on their
failure to put up the $4,000 bond
fixed for their appearance before the
grand jury Aug. 81 they were taken
back to the county Jail at Eldora by
Sheriff Walsh.
1t is reported that second war
rant for the arrest of J. E. Himmell
on the charge of forgery is in the
hands of Sheriff R. E. Nelson of
Hamilton county at Webster City,
but it probably will not be served
now that the two men have been
bound over to the grand jury. W..
R. Williams, one of the attorneys
for the state, said tonight that
others in Radcliffe were prepared to
file information against the Him
mells but that they probably would
not do so unless the prisoners got
out on bond.
H. D. Himmell and j. E. Himmell,
as co-partners, doing business under
the name of Farmers bank" at Rad
cliffe, filed petition in voluntary
bankruptcy before Lee McNeely,
clerk of the United States district
court at Cedar Rapids, Wednesday.
Both partners were adjudged bank
rupt yesterday morning and the first
meeting of creditors was set for May
25 at 9 a. m. at Eldora.
The petition shows claims, secur-
ed by mortgages on real property,
amounting to $S2,345, claims secur-
ed by collateral, notes, bonds, stocks,
etc, to the amount of $4,000 and
the following unsecured claims: Cen
eral and time deposits, $4,000;
borrowed money on open account,
$4,000; borrowed money for which
notes were given, $4,000; making
the total liabilities $2S1,345.
The assets as listed in the petit
ton are equity in land, 100000; ma
chinery, $4,000; moneys due the
bank on overdrafts, $1,000; bank
furniture and fixtures. $500, making
the total assets $4,000.
The brothers have made no state
ment as to where the $1S7,000 has
gone.
Little excitement prevails at Rad
cliffe. Most of the depositors in the
Farmers bank were farmers living in
the vicinity of Radcliffe. 1t is also
reported that few comparatively
poor families had nearly everything
they possessed in the world deposit
ed in the bank.
Reports indicate that the first in
timation of trouble came when sew
eraI residents of the town received
registered letters from a Webster
City bank asking them to be pre-
pared to pay notes on them which
were about to fall due and which
the bank held as collateral for
money loaned to the Farmers bank.
1t is reported that the recipients
OF some of these letters, who had not