182901525 18290
national
9e456e3a7b79404eCapital injected, Full suspension, Books examined
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NAMED BANK RECEIVER. G. L Clark Is Appointed by Controller McIntosh. One of the most popular employes after the Capitol leaving tomorrow years' various Michigan the He George Clark, has National of Allegan, was yesterday Intosh, relieve of the National Bank Examiner H. R. Fuller.
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Today's State News Around The State DETROIT Governor Fred W. Green will be guest of honor at the annual Army-Navy ball here Tuesday, one of the outstanding events of the local social season. DETROIT-M. J. O'Dea Sunday was appointed chairman of a committee of local citizens to enroll students for the citizens military training camp at Camp Custer this summer. JACKSON Alfred Folks, of Hanover, has been appointed superintendent of farms at the state prison here, to succeed George Bretherton, of Henrietta. COLDWATER Wilson C. Stalwood rescued his eight children, ill with measles, when fire destroyed their home here yesterday. Members of the family were asleep when the fire broke out. DETROIT Andrew Scherpeck, 67, an employ of the local stock yards, sustained fatal injuries when he was attacked by an angry bull while unloading cattle from a car, yesterday. DETROIT When Steve Kisco refused a cigarette, proffered by Henry Papaka, a companion yesterday, the latter became angered and opened fire on Kisco with a pistol, inflicting serious wounds. Papaka wãs charged with felonious assault. KALAMAZOO-Lorado Taft, one of America's greatest sculptors, will lecture under the auspices of the Kalamazoo Institute of Arts at the Central high school auditorium Wednesday evening, February 23. DOWAGIAC-Miss Gertrude Kos- moski, librarian here for one and one-half years, has resigned to ac. cept a position as head librarian at Fonca City, Okla., a city which has grown from 6,000 to 18,000 population in six years. Miss Kosmoski will leave on March 8. KALAMAZOO-Mrs Helen Gifford was buried Sunday after services at her home in Augusta, where she died Saturday morning. She was 91 years old, and a pioneer of Kalamazoo. DOWAGIAC-Dowagiac will be represented at the National Outdoor Exposition at the Coliseum in Chicago for the third time this year. This is believed to be the city's best advertising medium, according to the Chamber of Commerce. The Chamber has appointed special committees to handle resort and tourist problems in the future. KALAMAZOO Dr. E. A. Honey; Sr., of Kalamazoo, was elected president of the Southwestern Michigan Dental society and the midwinter meeting of the organization. Dr. H. L. Courtright and Dr. J. F. Schwarz of Benton Harbor were voted into membership. ALLEGAN-George L. Clark has been appointed receiver of the First National bank of Allegan, which was closed a month ago following a fire which ruined the building in which the bank was located. Local business men were surprised at the receivership order, as they have been sttempting to reorganize the bank. The receiver will arrive here from Washington this week.
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REFINING COMPANY SUES ALLEGAN BANK RECEIVER Sinclair Refining Co. has started Garver Bly. the First National seeking collect alleged have passed through the bank for of gasoline the be declared preferred claim.
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BANKER HELD ALLEGAN CASE Barker Accused of Misappropriation of Funds in Failure There GRAND RAPIDS, Nov. 10.Basil W. Barker, 42, former cashier of the First National Bank of Allegan, pleaded not guilty before Federal Judge Fred M. Raymond in U. S. district court late Wednesday when arraigned on charges of abstraction and misappropriation of more than $21,000 of funds. Barker was released on $5,000 bail and his trial was set for the next term of court which opens Dec. 6. The specific charge is juggling spurious notes and recording note of no value on the books of the bank as a cash item, acts which allegedly have caused loss to depositors of possibly $204,295.45. Joseph H. Weiden, Jr., of Grand Rapids and Mae McKennon of Allegan swore to the bonds. Barker returned to Allegan, where he makes his home with his wife and two children. When the bank suspended business and Barker was dismissed, he assisted the examiners for the federal treasury department in straightening out the tangle and is alleged to have even signed statements admitting his actions, but at the same time asserted he had done nothing wrong and had nothing to hide. Barker asserted he considered a loan as legitimate when he accepted as security for it mortgages on property in Minnesota, Wisconsinfi Georgia and Idaho, all points beyond the legal limit of Allegan. What money he received on the notes he used in payment on notes he had personally given the bank in return for parcels of the bank's stock. Barker entered the employ of the bank as a clerk in 1918 and four years later, with the view of being elected cashier, purchased the stock, but the notes he tendered were not due until 1930. Before becoming identified with the bank, he spent six years with the American Railway Express company at Benton Harbor and Allegan and three years with the Pere Marquette railroad. He has been a leader in social affairs in Allegan. Twelve counts, according to the indictments prepared by U. S. Atty. Edward J. Bowman against Barker, charge misapplication and fraudulently paying to himself $4,000 which, it is said, he unlawfully discounted on a note of J. R. McKain on July 29, 1925. Similar transactions are alleged to have been made on various dates with Barker pocketing the money. The First National bank was es tablished in 1870 and at times listed deposits of $1,000,000 a year The bank building burned last January and later that month. while business was being transacted from a hardware store, bank examiners suspected the condition of the institution and a meeting was called in Chicago. Following a voluntary pledge of $40,000 to protect county funds, it was permitted to continue operations. Myron B. Moore, who succeeded Barker as cashier, refused to give R personal bond for the $40,000 county money and the supervisors withdrew the county account. Individual depositors then withdrew their savings and merchants began refusing checks on the bank, which was forced to close. The total amount of the failure is said to be in the neighborhood of $600,000. Depositors will receive 50 to 60 cents on the dollar it is believed. The board of supervisors last June demanded a state grand jury probe of the bank's affairs.
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SUED BY BANK RECEIVER Garver Bly, receiver for the National Bank of Allegan. has started suit in district court to collect from Clarence W. Young, alleged individual liability against him as shareholder in the bank.
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Allegan Bank's Receiver Is Ill Allegan Jan. Receiver Garver Bly of the defunct First National Bank of Allegan is his Ind. Bly sick with flu before Christmas but left before the holiday to his he again is down with the prevail-
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BANK RECEIVER ADMITS SHORTAGE IN ACCOUNTS Bonding Company Will Cover At Allegan Institution, Man Explains Court June 13 Garver former receiver for the First tional bank of Allegan and the Reed City National raigned Kalamazoo irregularity in handling the Allegan bank. same he promised not bondcover the Allemade the the defunct will bonded amount of Bly ousted recently receiver both banks.
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ACCUSED BANK RECEIVER FACES SECOND WARRANT Reed City, Mich., June for the Reed City National Bank and the First National Bank of legan, facing charges bank day was second warrant. issuance check. complaint signed Alfred Stevens, has the warrant Bly, under $5,000 left Michigan and now visiting in Indianapolis
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BLY. FORMER BANK RECEIVER. INDICTED Man, Once in Charge at Allegan, Accused of Embezzling Funds. GRAND RAPIDS Nov Garver Bly former the First National Bank of Aliegan and the Reed National Bank. indicted in United States district Court here Thurs on two counts for abstraction of funds while specified amouns were set bank examiner for Bly five years before being appointed receiver of the Allegan bank in 1927.
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BANK RECEIVER NAMED IN THREE TRUE BILLS Grand Rapids, Nov. 7-(P)-Three true bills, embracing 14 charges of embezzlement, abstraction, and misapplication of funds, were returned Thursday by the federal grand jury in true bill against G. Garver Bly, former for the defunct First National bank of Allegan and the Reed City National bank. An aggregate of $10,000 alleged to be involved in the counts.
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BANK RECEIVER GUILTY IN EMBEZZLING CHARGE Grand Rapids, Nov. (By Garver Bly. former refor the First National bank of Allegan and the Reed City National bank. pleaded guilty yesterday in federal court to several of 14 counts of embezzlement, abstraction and misapplication of funds. Other counts are to be dismissed. Bly, who previously had pleaded not guilty to all the counts, will be sentenced Thursday.
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BANK RECEIVER PLEADS GUILTY TO EMBEZZLING Grand Rapids, Nov. Garver former receiver for the First Allegan and Reed City National bank, pleaded guilty yesterday in Federal court to several of the 14 counts of embezzlement, and misapplication of funds. Other counts are to be dismissed. Bly, previously had pleaded not guilty the counts, be sentenced Thursday.