Timmons v. Security Savings Bank

For some years prior to March 3, 1933, there was operated at Marshalltown, under the laws of the state of Iowa, a bank known as the Security Savings Bank. On the 25th day of May, 1932, .John A. Timmons and Alice M. Timmons deposited $500 in this bank and received a certificate of deposit for that amount. Pursuant to a proclamation issued by the Honorable N. G. Kraschel, Lieutenant Governor of Iowa, acting in the absence from the state of Governor Clyde L. Herring, a temporary banking holiday for all Iowa banks was ordered. In compliance with this order, the Security Savings Bank of…