Blizzard v. First State Sav. Bk‪.‬

Since the action was disposed of on the pleadings, without the introduction of any evidence, the facts must be determined [243 Iowa Page 654] from the petition and its amendments and the exhibits attached to and a part of them. The petition of plaintiffs and its amendments and the multiple and alternative motions attacking them are too long to set out, and it is difficult to make a concise summary of them. The matters involved arose in early 1933 during the ""Bank Holiday"" period. The State Bank of McGregor, on or about March 3, 1933, was closed by proclamation of Lieutenant Governor Kraschel, and thereafter certain conditions were prescribed for reopening the bank, but owing to its insolvency it could not meet the conditions and remained closed. The Marquette Savings Bank of Clayton County, Iowa, was also closed, apparently by the same proclamation. It was also insolvent. The First National Bank of McGregor was closed at about the same time by order of the National Government. It was also insolvent.