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A Dubuque Bank In Trouble

A Dubuque Bank In Trouble image
Parent Issue
Day
7
Month
September
Year
1888
Copyright
Public Domain
OCR Text

Dubuque, Ia, Sept. L - W├╝liam Graham, United States district attorney, has filed witb Clerk Vanduzee, of the United States district court, the petition in au action by the governmunt to forfeit the franchise of the Commercial National bank of Dubuque. Comptroller 'i'renholm and Register McUue are nominally the plaintiffs. The petition alleges that the directors knowingly violated the law by loaning more than 10 per cent. of the capital stock of $100,000, and that they loaned money on worthless and fictitious draf ts, bilis of exchange, etc. , and discounted such, thus violating another section of the revised statutes of the United States.

Article

Subjects
Ann Arbor Argus
Old News