Jasper County Democrat, Volume 22, Number 96, Rensselaer, Jasper County, 28 February 1920 — GENERAL AND STATE NEWS [ARTICLE]

GENERAL AND STATE NEWS

Telegraphic Reports From Many Parts of the Country. SHDRT BITS OF THE UNUSUAL Happenings in the Nearby Cities and Towns—Matters of Minor Mention From Many LocalitiesCLOSE PORTER COUNTY BANKS Two Institutions Ordered Closed by Auditor of State. The Farmers’ State bank of Valparaiso and the Hobart 'bank, a subsidiary Institution, were closed Wednesday by order of the auditor of state because of an alleged shortage of $225,000 which is said to have been caused from stock speculations. W. H Gardner of Valparaiso is president of the banks. It is announced that the depositors will lose nothing as Mr. Gardner has turned over his 465 shares of stock and will further reimburse the institutions. The stockholders are also wealthy men and will make good the loss and the institutions will open again fur business in a few days, it is announced.