Smyrna times., 1928-12-19
|IllIlfI CLOSING PEOPLES
JIIIII BANK, NIDDLETOWN
,,EER. NATIONAL BANK
.a,rR NAMED RECEIVER
po,ts Cashier Of the Bank
Y, y I Death at Old Drawers
~ Rody Found Saturday

N uiddletown, the temporary
b, Il It's doors, the appointment |.
s..siver ] and the tragic death Of
K Belts, the banks popular
y, made a chapter Of occur
/. ,s,t VI has plunged our neighbor-
u, II Middletown in much ex-
W u and grief the past week. The
Y T%Feulties appear to be due to
|. ..sets' in the form Of loans
,--,rs which have been paid slow
\ shortage has been reported.
M L, of Watson K. Belts. the
y asher, was found in Draw
In four miles away, early
~ morning. Stephen i. Newn-
N S;sf examiner Of the Third Fed
S,.sre District, announced the
..rsnt Of William B. Baker, a
n Rank examiner, as receiver,
| 1. I romptroller Of hte Currency
r..Airrton. Just how Watson X.
/ n cashier, met his death will
4 never be determined. Belts,
\. forty-two, left the bank at
m. Thursday, five hours be
4, directors issued a statement
4 Institution would be tempor-
.b,ed. The cashier did not tell
.-oV employees where he propos-
n They knew he had been
~ about the loans and some of
t,ougbt he planned to seek
IN Wilmington, twenty miles
That apparently was his des-
He drove along the DUPONT
n 70 the bridge that crosses
IN creek at Odessa. AT this
h new highway crosses the old
Dad at an angle of forty-five
y The wooden bridge which
the older road across the
Ias been torn down and the
: tslf is but family discernible
ROSES the DUPONT highway.
Mdently sweved his car on to
zsed road and drove full tilt
y the edge Of the creek. 1t is
n by his friends that he was
when his car left the road
nshed into a tree and that he
d top the flow Of blood by US
!. which he had in his car and
Ezt to the edge of the stream
y water but was weak from
of blood and toppled into the
Blood was still flowing from
nd in the throat when the
Es found. Coroner Nichols re-
he body to Middletown un-
Sympathy for Belts Family
i general sympathy among
Ne for the family Of Belts and
regret over his death. Some
ltat he was worried over the
q the bank and this caused
Y careless driving in the fog
Nyailed at the time with the
I he went off the new road
va tree. Friends declare he
dded to drive to the home of
aiS near McDonough, a short
iion Middletown and be back
aler the bank opened on Fri
hlng. This is also taken as
ahailon Of why Belts took the
I0lgn Odessa instead Of using
road out Of Middletown.
zen going to Wilmington or
Y the State, it is probable he
M taken the other road but
VA Is easier reached over the
'lea ne took. The cashiers
Il found Saturday in Draw
u oy John Heller, a boatman,
NJ highway Policemen Knecht
.-'an' near the bridge. There
~ cash in the wrist and the
'aa vas also severed. He
WIDOW who was Miss Edna
4 granddaughter Of the
I oGunselman a Smyrna can
niece Of Mrs. Hirons Den
sns son Winfield Belts, aged
-sM At the University of
Ila- He is also survived By
parents formerly of Fred
sTs s brother, Richard r.
nncDonough. Deceased was
Ao'arlan and aside from his
N gss pn was interested in
Llkton theatre enterpris-
!. sons I. had charge of the
NJ grave and these pail
FIsonal 4 friends, bore his
Rs. y last resting place:
4 I. Maloney, John d.
'ry ". Hukill, DR.. War
-. I Everett Lewis, Henry
s.,sae, Lee Pennington. Nor
W and J. Broome Steele.
g in body. ''A
= Statement and Directors
y. = ! It's annual financial
i u, " Gsa October, recorded re- =.
ad N ~ deposits were
aaa.i " surplus s35. 900.
Hsnaiaou oOard Of directors are
.TSlas, Jsso ! 6. H. HukilI, Dr.. ].
II
u " MI, ,1reen, Morris S.
EJs,a.ii ,a.iid.d.letOwn; James A.