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NAME SCHILLING AS BANK RECEIVER Appointed in Closed Beverly Hills Institution's Affairs Schilling today was the receiver for the First national bank of Beverly Hills, which ceased busioperations last June containing deposits of $4,200,000. Announcement of Schilling's pointment was made by John Pole, comptroller of currency.
Hollywood Bank Receiver Named BEVERLY HILLS. June 13. -(LP) -Film celebrities whose accounts were impounded when the Beverly Hills First National Bank closed last week breathed easier today when notified H. F. Schilling had been appointed receiver by Controller of Currency W. Pole. The comptroller said plans for reorganizing the bank were under way.
SUES BANK RECEIVER LOS Aug. Taylor, executrix of the estate the late George Taylor. nephew Flagler, Florida pioneer. today brought in fedcourt seeking from Schilling, receiver for the First National bank of Beverly Hills,
BEVERLY BANK RECEIVER SUED Nellie E. Taylor executrix of the estate of the late George W. Taylor. nephew of H. M. Flagier, Florida pioneer today had on file in fed. eral court suit seeking $200,000 from H. F. Schilling receiver for the First National Bank of Beverly Mrs. Taylor. who resides at 910 Roxbury Drive Beverly Hills charged that Richard Hargreaves former president of the First National Bank of Beverly Hills. induced her former husband whom she asserted to be man of limited education and an inebriate to transfer two trust funds, approximating $2,466,686 left to the Taylors by Mrs. Flagler from a New York bank to the Beverly Hills bank After the funds were transferred here. the complaint alleges Mr Hargreaves induced Mr Taylor to purchase out of the trust fund $200,000 worth of stock in the First National Bank of Beverly Hills at $100 per share when the actual value of the stock assertedly was only $20 per share Mr. Taylor received an injury which caused severe mental shock and left for Honolulu in Sept. 1931. to seek rest and quiet, the suit reveals "Shortly thereafter." the complaint charges "Hargreaves caused his wife, Helen Ferguson Hargreaves, former star of the stage and screen, to follow Tay lor to Honolulu to induce him to purchase an additional $800,000 work of stock In the bank. Taylor agreed to purchase the ad. ditional stock upon the representation by Mr. Hargreaves that the bank was in excellent condition, It further charged but Mrs. Taylor refused to consent to the additional purchase The First National Bank of Bev. erly Hills closed its doors several weeks ago by order of its board of directors Shortly thereafter Mr Schilling was named receiver for the bank which had many prominent motjon picture stars as deMr. Hargreaves' first wife was Grace Bryan daughter of William Jehnings Bryan, "the great com-
BANKRUPT PLEA Financial difficulties of Richard First National Bank of Beverly Hills. climaxed action, on file today in federal petition Mr. Hargreaves availed himself of his privilege of taking days which file schedule assets and The petition was filed by his William H. the firm of McAdon Neblett and Clagett Mr. Neblett said that closthe bank last June. brought about by general conditions. swept away Mr. Hargreaves entire $750,000 in stock of the bank Since the bank Mr. Hargreaves devoted his to Hope this not In the Mr. Hargreaves' creditors that their be paid. He to meet their him other ternative than Hargreaves, husband Helen Ferguson. actress, recently by Nellie Euretta Taylor against the bank's seeking recovery which husband had invested which she been misrepresented by Mr.
HOPE STILL EXISTS BANK MAY REOPEN Former Head of Beverly Hills Institution Gives Views as Creditors Meet Hope that he may yet succeed in his efforts to obtain financial aid and reopen the First National Bank of Beverly Hills, closed June 3 by its board of directors, was expressed yesterday by Richard L. Hargreaves, formerly president of the institution. Hargreaves, now in the Federal bankruptcy court before Referee Moss, voiced this hope at the conclusion of the meeting of his creditors. He has passed the last three months in efforts to reorganize and reopen the bank, now being liquidated by Federal Bank Receiver Schilling. and has not yet given up hope. E. A. Lynch has been appointed trustee of the bankrupt estate and Ralph F. Bagley is counsel. "In administering the estate of Hargreaves, everything possible will be done to assist the receiver of the First National Bank." said the attorney. 'An early payment to the depositors is of prime importance to them. and every asset of the bank should be collected.' Secured claims against the estate total $708,381. secured by stocks. Unsecured notes and claims amount to about $420,830. Most of the claims are loans from banks. Hargreaves said his receivables in the form of notes and memberships total about $122,562. most of which consists of stocks pledged to secure notes. The First National Bank is a creditor in the amount of $153,700 for assessments levied against him as stockholder Although carrying $197,000 life insurance, little equity will remain for the creditors, it was said
Reopening Of Bank In Beverly Sought will factor the reopening of the First National Bank of Hills, was indicated to day by Richard Hargreaves, president The bank being liquidated by Federal Bank Schilling and Mr. Hargreaves is in the fed eral bankruptcy Hargreaves said that he has financial aid reopen the bank, closed last June.
Elmer Hartz, Wife Face Suit by Bank Elmer Har'z, Beverly Hills busiwife. Deane Hartz. today faced suit filed municipal court by Schilling. receiver First National Beverly Hills. bank receiver seeks possession Harez automobile. sertedly included collateral $1550 The complaint asserts that only $25 has on the signed on Possession judgment for asserted cash value. sought.
BEVERLY HILLS' BANK RECEIVER PAYS DIVIDEND BEVERLY HILLS, Dec. 13 Motion picture folk have found Santa Claus the person of Schilling the United States controller's the treasury department. Schilling, receivFirst National Bank of Beverly Hills, which many stars their earnings trust funds deposited, today announced dividend per cent, first clared the bank went into receivership. dividend amounts about $400,000.
Defunct Bank Official Starts Suit For Libel Los Angeles, July (AP) damage charging for. mer officials of the defunct First Na tional bank of Beverly Hills with beling and him, was filed court Thursday by Richard L. Hargreaves, husband of Helen Ferguson, actress. Named defendant were E. as Eachel, Henderson, former rectors the bank; Nellie E. Taylor, widow of former director; Comey, director: H. E. Schilling, bank and M. Gardner, attorney the others. Hargreaves, official of the bank, stated in his suit that, after the closing of the bank in June, 1932, he was named president of New York financial institution and later was appointed the Park Savings bank in Washington, D. Through the concerted efforts the defendants, Hargreaves charged dismissal by the comptroller currency was brought about.
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BANKERS SUED LIBEL CASE UHJL IN LOS ANGELES, July 7. (U.P.) Damages of $750,000 for asserted libel and slander were asked in a suit on file today by Richard Hargreaves, former conservator of the Park Savings bank of Washington, D. C., against former directors and officers of the defunct First National bank of Beverly Hills, Hargreaves, former president of the Beverly Hills institution, and husband of Helen Ferguson, actress, accused the defendants of circulating stories which promped an investigation by department of justice agents and Drought about his dismissal from the Washington post. The defendants include Albert M. Gardner, described in the complaint as a former Republican governor of Maine who "ostensibly changed sides in the last presidential campaign and supported a Democratic nominee." Others named included Emerson C. Eachel and A. A. Comfey, former directors; H. H. Schilling, the bank's receiver, and J. E. Henderson and Nellie E. Taylor, stockholders. The group was accused of blaming Hargreaves for collapse of the bank. Gardner was charged with having "joined the conspiracy" later as attorney for Henderson and Mrs. Taylor. The Beverly Hills bank. which numbered among its depositors Greta Garbo and Jean Harlow, closed its doors June 3, 1932.
$750,000 HARGREAVES Los Angeles, July ages of $750,000 for asserted libel and slander were asked in suit on file today by Richard Hargreaves, conservator of the Park Savformer ings Bank of Washington, against former directors and officers of the defunct First National Bank of Beverly Hills. Hargreaves, former president of the Beverly Hills institution and husband of Helen Ferguson, actress, accused the defendants of circulatstories which prompted an investigation by department of justice agents and brought about his dismissal from the Washington Post. Hargreaves first wife was Grace Fryan, daughter of William Jenmings Bryan, whose sister, Ruth Bryan Owen, ambassador to Denmark Before entering the banking business in Beverly Hills, he was national bank examiner. The defendants include Albert M. Gardner, described in the complaint former Republican governor of Maine who "ostensibly changed sides in the last presidential campaign and supported Democratic nomineee." Others named included Emerson Eachel and Comey, former Schilling the bank's receiver, and Henderson and Nellie E. Taylor, stockholders. The group was accused of blaming Hargreaves for collapse of the bank. Gardner was charged with having "joined the conspiracy" later attorney for Henderson and Mrs. The Beverly Hills bank closed its doors June 1932.
Former Banker Asks Damages By United Press LOS ANGELES, July Damages of $750,000 for asserted libel and slander were asked in suit on file today by Richard Hargreaves, former conservator of the Park Savings Bank of Washington, D. C., against former directors and officers of the defunct First National Bank of Beverly Hills. Hargraves, former president of the Beverly Hills institution, and husband of Helen Ferguson, actress, accused the defendants of circulating stories which prompted an investigation by department of justice agents and brought about his dismissal from the Washington post. The defendants include Albert M. Gardner, described in the complaint as a former republican governor of Maine who "ostensibly changed sides in the last presidential campaign and supported a democratic nominee Others named included Emerson C. Eachel and A. A. Comey, former directors; H. F. Schilling, the bank's receivers, and J. E. Henderson and Nellie E. Taylor, stockholders. The group was accused of blaming Hargreaves for collapse of the bank. Gardner was charged with having "joined the conspiracy" later as attorney for *Henderson and Mrs. Taylor. The Beverly Hills bank, which numbered among its depositors Greta Garbo and Jean Harlow, closed its doors June 3, 1932.
BANKERS SUED IN LIBEL CASE LOS ANGELES July 7. (U.P.)Damages of $750,000 for asserted libel and slander were asked in a suit on file today by Richard Hargreaves, former conservator of the Park Savings bank of Washington, D. C., against former and officers of the defunct First National bank of Beverly Hills. Hargreaves, former president of the Beverly Hills institution, and husband of Helen Ferguson, actress, accused the defendants of circulating stories which promped an investigation by department of justice agents and brought about his dismissal from the Washington post. The defendants include Albert M. Gardner, described in the complaint as former Republican governor of Maine who "ostensibly changed sides in the last presidential campaign and supported a Democratic nominee.' Others named included Emerson C Eachel and A. Comfey, former directors; H. H. Schilling, the bank's receiver, and J. E. Henderson and Nellie E. Taylor, stockholders. The group was accused of blaming Hargreaves for collapse of the bank. Gardner was charged with having "joined the conspiracy" later attorney for Henderson and Mrs. Taylor. The Beverly Hills bank. which numbered among its depositors Greta Garbo and Jean Harlow, closed its doors June 3, 1932.
Former Banker Asks Damages By United Press LOS ANGELES, July Damages of $750,000 for asserted libel and slander were asked in a suit on file today by Richard Hargreaves, former conservator of the Park Savings Bank of Washington, D. C., against former directors and officers of the defunct First National Bank of Beverly Hills. Hargraves, former president of the Beverly Hills institution, and husband of Helen Ferguson, actress, accused the defendants of circulating stories which prompted an investigation by department of justice agents and brought about his dismissal from the Washington post. The defendants include Albert M. Gardner, described in the complaint as a former republican governor of Maine who "ostensibly changed sides in the last presidential campaign and supported a democratic nominee Others named included Emerson C. Eachel and A. A. Comey, former directors; H. F. Schilling, the bank's receivers, and J. E. Henderson and Nellie E. Taylor, stockholders. The group was accused of blaming Hargreaves for collapse of the bank. Gardner was charged with having "joined the conspiracy" later as attorney for Henderson and Mrs. Taylor. The Beverly Hills bank, which numbered among its depositors Greta Garbo and Jean Harlow, closed its doors June 3, 1932.
Bank Receiver Will Hold Property Sale BEVERLY HILLS July Receiver Schifting of the First National Bank of Beverly Hills will nell the highest bid der for cash property at Bev. Dr and Brighton pied the brokerage offices Hutton and Co. scheduled for Tuesday the north entrance to the Bank of America
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BANK HEADS INDICTED LOS ANGELES, December 21 (AP).Richard L. Hargreaves, president of the First National Bank of Beverly Hills, now in receivership, and John R. Scantlin, vice president, were charged with misapplication of funds and making false reports to the controller of the currency by the grand jury yesterday. It was disclosed that Hargreaves and Scantlin had been indicted secretly last July on a charge of misapplying $25,000 of bank funds and that this indictment will be consolidated for trial with the one returned today. The bank closed in June, 1933.
Beverly Bank Receiver Sues Former Depositor LOS ANGELES, May 31 (AP) Acting as Federal receiver for the First National Bank of Beverly Hills, H. F. Schilling nas begun suit in federal court against a former depositor, Harry Beaumont, seeking to compel him to restore $18,000 withdrawn several days before the bank closed. Other suits seek $75,000 from Joe Toplitzky as money loaned on promissory notes.
Beverly Bank Receiver Sues Former Depositor LOS ANGELES May 31 (AP) Acting as Federal receiver for the First National Bank of Beverly Hills, H. F. Schilling has begun suit in federal court against former depositor, Harry Beaumont, seeking to compel him to restore $18,000 withdrawn several days before the bank closed. Other suits seek $75.000 from Joe Toplitzky as money loaned on promissory notes.
Neblett Sued for Levy on Stock William H. Neblett. law partner of Senator William Gibbs McAdoo, yesterday was named defendant in a suit for $750 filed by H. F. Schilling, receiver for the closed First National Bank of Beverly Hills The amount represents an assessment against Neblett's stock in the bank, the receiver stated.
McADOO'S PARTNER SUED. LOS ANGELES Neblett, law Senator William Gibbs McAdoo, today named defendant suit for $750 filed by Schilling, for the closed First National Bank of Beverly Hills. The amount represents an ment against Neblett's stock in the bank, the receiver stated.