Isaac B Alter

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Obituary- Alter, I.B. 3

WEAVER SELECTED TO HANDLE LOCAL BANK
J. D. Weaver, former Maple Hill banker, was selected yesterday as assistant receiver for the Rossville State Bank until its affairs are closed up.

Mr. Weaver was agreed upon at a meeting held Wednesday afternoon in the Bank hall attended by a large number of the depositors and stockholders of the bank and Roy L. Bone, state bank commissioner. Mr. Weaver’s appointment as assistant receiver under Charles W. Johnson, the state’s general receiver, followed a conference of the day previous in Topeka when Bone refused to permit the Rossville people to put in A. J. Thomas of Silver Lake as receiver.

According to the bank department the local muddle has so many angles that it requires a man of wide banking experience to handle. Mr. Weaver has had many years experience in country bank work and as he has the confidence [sic] of the local people as well as the banking department work of straightening out the bank’s affairs should progress smoothly.

So far in the examination, according to the banking department the bank shortage is around $30,000, the amount Alter admitted in a note he wrote before taking his life.

But there are nearly $100,000 of Alter’s personal notes outstanding, and one of the questions that will have to be decided is whether these, or any of them, are a liability against the bank itself.

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ROSSVILLE STATE BANK
MAY PAY IN FULL
Nothing new has developed in the affairs of the defunct Rossville State bank this week. Mr. Weaver, the assistant receiver has been busy checking over individual accounts. In this he is being assisted by Mr. Olsen, first assistant to the general receiver of the state banking department.

No further shortage than the $30,000 announced by the examiners has been uncovered. This amount will in all probability be covered by the indemnity bond and the call for double liability from the stockholders.

Miss Blanche Parr, who has been with the bank for many years, has been retained as clerk, by Mr. Weaver.

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