Blackfoot State Bank (Blackfoot, ID)

Episode Information

Episode UID
5457583891337
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
545758389 hash
Start Date
May 9, 1911
Location
Blackfoot, Idaho (43.190, -112.345)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9de2606b3bb11bc8

Response Measures

None

Description

Articles show heavy withdrawals, suspension May 9, 1911, followed by receivership and asset sale — embezzlement charges against the cashier are mentioned later.

Events (4)
1. May 9, 1911 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals by depositors over the prior month prompted by concerns about the bank's condition (later embezzlement allegations against cashier D.R. Jones).
Measures
Directors agreed to suspend business; bank closed its doors May 9, 1911.
Newspaper Excerpt
The Blackfoot Sta Bank at Blackfoot closed its doors May ninth because of heavy withdrawals by depositors during past month.
Source
newspapers
2. May 9, 1911 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board of directors suspended business following investigation/advice from bonding company and because of heavy withdrawals; state bank examiner began investigation.
Newspaper Excerpt
The Blackfoot State bank closed its doors this morning... Suspension was agreed upon
Source
newspapers
3. July 7, 1911 Receivership
Newspaper Excerpt
Mr. R. H. Cost, the receiver for the Blackfoot State Bank, will occupy the house for a few weeks with his family.
Source
newspapers
4. April 20, 1912 Other
Newspaper Excerpt
I will offer for sale for cash all the remaining assets of said bank... by virtue of the authority vested in me as Receiver of said bank.
Source
newspapers

Newspaper Articles (18)
1. May 12, 1911 Montpelier Examiner Montpelier, ID
Article from Montpelier Examiner, May 12, 1911

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BLACKFOOT BANK CLOSES ITS DOORS Blackfoot, Idaho, May 9. - The Blackfoot State bank closed its doors this morning, following a meeting yesterday of the board of directors. The meeting is said to have been held pursuant to a request from an eastern bonding house, who, after an investigation of the bank, suggested that action to protect its depositors and stockholders. Suspension was agreed upon, and assurances have been given that no depositor will sufter loss, but the stockholders may be called upon to make up a very small deficit. The directors who voted for suspension were Dr. C. A. Hoover of Pocatello, J. O. Morgan and Henry Dunn of Blackfoot. The deposits at the time of closing were $68,000. The bank has been in existence for three years, D. R. Jones, who was practically at its head, 18 in Salt Lake, recovering from a nervous breakdown.

2. May 12, 1911 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, May 12, 1911

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STATE BANK SUSPENDS DEPOSITORS WILL BE PAID IN FULL May Re-Open in Near Future-State Bank Examiner in Charge At a meeting of the directors of the Blackfoot State Bank held on Monday evening it was decided to suspend business and accordingly its doors were not opened on Tuesday morning. This action is said to have been taken largely upon the advice of a representative of the American Bankers' Assurance company, who are sureties for depositors to the extent of $200,000.00. It is a grave question whether this was the best thing for anybody concerned, but the officers of the bank were anxious to protect the interests of their patrons, and there is a growing conviction that they were taken advantage of and induced to take and ill-advised step. State Bank Examiner V. W. Platt, upon learning what had been done, referred to his records and expressed the belief that if the bank were in as good condition as it was at the date of their last published statement it should not have been closed. He came directly to Blackfoot and began an investigation of the bank's condition, and is still at work on the books. He says that while he has not yet covered the full scope of their business, he feels sure that the business can be straightened out so that depositors shall receive every dollar, and that he still hopes it may open again for business within a week or two. He will make every effort to have the business stand upon its own resources and pay out independent of the bonding company that stands as security for depositors. Besides about $20,000.00 cash in the vaults there are assets in the way of notes and other negotiable paper amounting to double the deposits. The deposits amount to about $80,000 dollars, and the total liabilities are thought to be about $127,000. There are objections to letting the bonding company take charge and pay the depositors because they are not required to take the initiative themselves and pay the claims, but it is left for each depositor to present proof of his claim and assign it to the assurance company within ninety and can days, they then themselves take another that ninety days to satisfy such claims are valid. In the meantime they can have charge of the assets and press for collection all obligations due the bank, thus squeezing money out of oneclass of the bank's customers while they hold the purse of the other half and keep them powerless, the stockholders looking on with no rights to save themselves from being filched. From the first there has been a strong demand for the bank to resume if possible, and many citizens have given assurance that they would stand by it as generously as possible and not withdraw deposits except to meet the necessities of their business transactions. Had it been generally known just what condition the bank was in, there would of course have been some who would have withheld their business or withdrawn their deposits, but there would also have been many who would have increased their deposits if possible and stood by it loyally to save it from its present predicament, fo" a bank failure hurts a community no matter how mild the failure, ann Indirectly it injures heavily the people who never do a dollar's worth of business through a bank. The class who have no money

3. May 13, 1911 Elmore County Republican Mountain Home, ID
Article from Elmore County Republican, May 13, 1911

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LOCAL NEWS What happened to Jones? E. J. Colthorpe transacted business in Boise Friday. Going fishing? Get your tackle at Thompson Furniture Company A. B. Eaton was a Boise visitor Thursday. Brink's Bread fresh from Boise, a/t Hoffman's Grocery. What Happened to Jones?. Burglars entered the postoffice at American Falls and succeeded in getting away with five hundred dollars. FOR RENT-three furnished rooms on Atlanta Ave. Inquire at this of fice. Sheep shearing at the Mathews & Brady camp has started and wool is arriving in large quantities. Bring us your old shoes and let us cure them. No cure, no pay. At Pearson's Shoe Store Tents, Tarpaulins, Wagon covers and complete camping outfits at Thompson Furniture Company. FOR RENT- Four-room plastered house, cement cellar, cement sidewalk one block from Court House. Good location. Inquire of O. E. Norell. A. J. Spaulding and John Evans of Pascoe, Washington, have been looking after business interests here this week. B. Querry is loading the remainder of his grading outfit and shipping it to Oregon where he has taken a contract for five miles of grdaing. FOR RENT-Furnished rooms, two blocks from School House, good location on cement sidewalk, shade and lawn. Inquire of O. E. Norell. Best Japanese matting at Thompson Furniture Company. Mrs. C. Crab and Mrs. Tom Brady went to Dixie last week to take charge of the culinary department at camp during sheep shearing. Mrs. Frank Coates accompanied by her mother and the boys left Sunday for Seattle where they will spend the summer with relatives. Frank Coates left Thursday night for California where he will spend the summer. Mr. and Mrs. Cleveland Darbee and son, Leonard leave Monday for Oregon for a visit. LOST-Bay mare, 900 lbs., roach mane, bob tail, 2 years old. $20 reward. A. P. Jacobs, Kuna, Idaho. Mrs. C. R. Wehterell and Marion spent a few days with Mrs. Adair at the ranch home near Sunnyside this week. FOR SALE-Milch Cow, fresh last March. Jersey Breed. Inquire of O. E. Norell. Linoleum, new designs, large assort ment and prices are right at Thompson Furniture Company. MARRIED:-On Wednesday, May 10th at the home of the bride, Lewi I. Morgan and Mildred V. Wildman. The ceremony was performed by Rev J. A. Peake. The infant daughter of Mr. and Mrs. Short is very ill with whooping cough The W. C. T. U. meetings will be held Tuesdays instead of Thursdays. The second and last Tuesdays of eac month. LOST-Chain and key ring containing keys and plate with initials, I. O. O. F. Finder please leave at Republican office. 32-33 Our Rugs are all sold but will have on a new supply in a. few days. Wait for them. Thompson Furniture Company. MR. AND MRS. LEWIS M. HORN, instructors in piano, voice and string instruments. Piano tuning. Studio at residence formerly occupied by Prof. I. B. Warner. Going to buy a Range or Cook stove? Come and see us. We can save you money. Thompson Furniture Company. The Blackfoot Sta Bank at Blackfoot closed its doors May ninth because of heavy withdrawals by depositors during past month. WILL ORGANIZE BAND.

4. May 19, 1911 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, May 19, 1911

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ALONG THE MACKAY BRANCH W. F. Miles, of Leslie, returned Monday from Boise where he had been on a business trip. He was looking for an opening to furnish timbers for the government work near there but did not make an engagement. A party from Spokane consisting of Chas. Gill, Mrs. W. Dye and Mrs. H. Collins were at Blackfoot Monday morning on their way to Mackay, where they expect to remain for some time. J. H. Early, of the Idaho Irrigated Lands company, made a business trip to Lost River the last of the week. Elmer Reese was down from May the first of the week on account of the suspension of the Blackfoot State bank. Mr. Reese is one of the stockholders and expressed his willingness to put up more money to get the business on a secure basis.

5. June 2, 1911 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, June 2, 1911

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STATE BANK HAS FAILED That the Blackfoot State Bank has failed seems more evident row than it did at first. It is in the hands of the state bank examiner, and he says that while there was no occasion for closing or suspending business, they have been unable to make arrangements by which to start it again. They are working on the accounts and expect to take care of all depositors, and it is possible they may yet make arrangements to open again, but the efforts already made have not been successful. When asked what is the proper course to take in the disposition of checks that are out and which the bearer had the opportunity to cash but did not, he said that the bank in making its disbursements will settle with the maker of the check, and it will then be his duty to redeem the checks outstanding, that the person who has carried a check around and neglected to cash it while the bank was doing business, can hardly insist upon the maker cashing it until he gets it back through the bank. This will probably require 30 to 60 days.

6. July 7, 1911 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, July 7, 1911

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Break up House Keeping Mr. and Mrs. C. A. Edwards have quit housekeeping for the summer. Mrs. Edwards and son, John, have gone to visit her people in Canada, and Mr. Edwards will board out until conference time, when he will have to be absent from town for a while. Mr. R. H. Cost, the receiver for the Blackfoot State Bank, will occupy the house for a few weeks with his family.

7. October 13, 1911 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, October 13, 1911

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STATE BANK WILL PAY Receiver R. H. Cost, of the Blackfoot State bank, states that he expects to pay a dividend of ten per cent within a short time, thus returning to the depositors a tenth or their money. If collections are good during the fall it is expected that other payments will be made. The question is frequently asked, what has been done with the money that was in the bank when it failed and with what has been paid in since. The receiver says that this has been paid out to other banks to redeem collateral notes. To make this plainer, John Doe has borrowed $1,000 of the State bank and had given his note for it. His note was considered good, and when the bank was short of money and went out to borrow some, they gave Doe's note along with others, as collateral or security to the Pingree bank or who ever they were borrowing fom. When Doe's note is due, he says he is ready to pay up, and the State bank has to repay the Pingree bank the money it loaned on that note in order to get it back again to deliver to Doe. This kind of transaction kept the money used up until recently, and now they have some to repay depositors.

8. October 19, 1911 The Blackfoot Optimist Blackfoot, ID
Article from The Blackfoot Optimist, October 19, 1911

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NOTICE TO CREDITORS. In the District Court of the Sixth Judicial District of the State of Idaho, in and for the County of Bingham. In the Matter of the Insolvency of the Blackfoot State Bank, a corporation. Pursuant to an order of the Judge of the above-entitled District Court, in the abc veentitled matter, Notice is hereby given. by the undersigned, Receiver of the Blackfoot State Bank. an Insolvent corporation. to the creditors of and to all persons having c'aims against the said the Blackfoot State B ink. a corporation, to present them, with the necessary vouchers, which claims must be verified, within sixty days after the first publication of this notice, to said Receiver, at his office in the bank building of said corporation, on the corner of West Main and Pacific streets, in the City of Blackfoot, B ngham County, Idaho. the same being the I lace for the transaction of the business relating to such corporation, or said claims shall be forever barred. Dated this 18th day of October, 1911. R.H.COST, Receiver of the Blackfoot State Bank, an O19-5t insolvent corporation.

9. November 9, 1911 The Blackfoot Optimist Blackfoot, ID
Article from The Blackfoot Optimist, November 9, 1911

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NOTICE TO CREDITORS. In the District Court of the Sixth Judicial District of the State of Idaho, in and for the County of Bingham. In the Matter of the Insolvency of the Blackfoot State Bank, a corporation. Pursuant to an order of the Judge of the above-entitled District Court, in the aboveentitled matter, Notice is hereby given, by the undersigned, Receiver of the Blackfoot State Bank, an insolvent corporation, to the creditors of and to all persons having claims against the said the Blackfoot State Bank. a corporation, to present them, with the necessary vouchers, which claims must be verified, within sixty days after the first publication of this notice, to said Receiver, 'at his office in the bank building of said corporation, on the corner of West Main and Pacific streets, in the City of Blackfoot, Bingham County, Idaho, the same being the place for the transaction of the business relating to such corporation, or said claims shall be forever barred. Dated this 18th day of October, 1911. R. H. COST, Receiver of the Blackfoot State Bank, an O19-5t insolvent corporation.

10. November 10, 1911 Montpelier Examiner Montpelier, ID
Article from Montpelier Examiner, November 10, 1911

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IDAHO STATE NEWS The new municipal water works sys. tem at completion. Mountain Home is fast nearing In spite of 40 new cells which have just been installed, the state peniten tiary is again crowded with prisoners John Dillon was sentenced by the Wallace court to life imprisonment at Boise for the murder of Frank X. Fox on July 24. The long contemplated bridge across Snake river at Loveridge's fer Ky, promises soon to be a reality. Bids have been advertised for. Frank Thomas and Beecher Higgins convicted at Caldwell of forgery, have each been sentenced to fourteen years in the penitentiary. Charles A elby, a teamster, suffered a fracture of the leg when he was thrown from a wagon in Boise, the sult ened. of his team having become re fright Frank Gardner of the Black Creek country last week brought twen ty-one coyote skins into Boise. Every one of the animals had been caught in a trap and killed by a prospector's pick in Gardner's hands. This year there has been shipped from Mountain Home 328 car loads of of sheep, horses and cattle, and 75 cars wool. Approximately two and half million pounds of wool a was shipped from this point alone. The Lewiston sugar factory is hay! ing an exceptional run this season. It doubtless will handle this year the greatest tonnage of beets of its history. Already they have their big sheds filled and are building immense piles out in the open. About 400 members of the State Retail Hardware & Implement Deal. ers' association will meet in Boise January 11, 12 and 13, in their nual convention, which is planned ana larger scale this year than that on of any previous meeting. That 300,000 tons of hay-enouzh for the winter's feed for all of the sheep now in the state of Idaho-is going to waste on the South Side Twin Falls tract alone simply because there no market for it, is the news that comes from that section. It is predicted that the little town of Malta will soon be wiped off of the map and swallowed up by its neighbor, Lovett, simply because of better railroad connections caused by the work of the Oregon Short Line now state. building through that section of the D. R. Jones and N. S. Sage, two of the most prominent bankers of south. eastern Idaho, the former being connected with the Blackfoot State bank, which closed its doors May 8, have been placed under arrest, charged with funds. embezzlement of $30,000 of the bank's A well-written and well-illustrated pamphlet descriptive of Downey and Marsh valley, Idaho, intended primarily for the information of eastern people who may still be unaware of the the splendid opportunities offering in Downey. west, has just been issued from Thomas Johnston, a two-year-old boy whose home is on Reynolds Creek, in Owyhee county, is suffering from a severe scalp wound, caused by the kick of a horse. The boy was kicked in the head and the scalp laid open four inches, but fortunately the skull was not fractured. Crops of all descriptions have been abundant in Elmore county this sea son, though the acreage is not overly large. The yield has been remark able, this not only applying to the grain and hay crops, but all kinds of dry fruit as well. Potatoes, especially farm land, vielded splendid crops on Tripping on the start down a 20 foot chute from the running track to the floor of the gymnasium at the Y. M. C. A. in Boise, two women, Miss Jacobs and Mrs. Gregory, each had their left legs broken between the ankle and the knee, the accidents of curing while they were making a 00 tour inspection of the gymnasium. Efforts are being made by the Commercial club to get the Burley institute train to visit Salmon. This train In will start from Salt Lake in Decem ber over the Oregon Short Line, Idaho. through northern Utah and southern 3 The first car of honey ever shipped P from Nampa was made last week by P McCarthy & Randall, who have about 3 the 1,000 hives of bees distributed about

11. November 10, 1911 The Meridian Times Meridian, ID
Article from The Meridian Times, November 10, 1911

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IDAHO STATE NEWS The new municipal water works system at Mountain Home is fast nearing completion. In spite of 40 new cells which have just been installed, the state penitentiary is again crowded with prisóners. John Dillon was sentenced by the Wallace court to life imprisonment at Boise for the murder of Frank X. Fox on July 24. The long contemplated. bridge across Snake river at Loveridge's ferry, promises soon to be a reality. Bids have been advertised for. Frank Thomas and Beecher Higgins, convicted at Caldwell of forgery, have each been sentenced to fourteen years in the penitentiary. Charles Jelby, a teamster, suffered a fracture of the leg when he was thrown from a wagon in Boise, the result of his team having become fright. ened. Frank Gardner of the Black Creek country last week brought twenty-one coyote skins into Boise. Every one of the animals had been caught in a trap and killed by a prospector's pick in Gardner's hands. This year there has been shipped from Mountain Home 328 car loads of sheep, horses and cattle, and 75 cars of wool. Approximately two and a half million pounds of wool was shipped from this point alone. The Lewiston sugar factory is havIng an exceptional run this season. It doubtless will handle this year the greatest tonnage of beets of its history. Already they have their big sheds filled and are building immense piles out in the open. About 400 members of the State Retail Hardware & Implement Dealers' association will meet in Boise January 11, 12 and 13, in their annual convention, which is planned on a larger scale this year than that of any previous meeting. That 300,000 tons of hay-enough for the winter's feed for all of the sheep now in the state of Idaho-is going to waste on the South Side Twin Falls tract alone simply because there is no market for it, is the news that comes from that section. It is predicted that the little town of Malta will soon be wiped off of the map and swallowed up by its neighbor, Lovett, simply because of better railroad connections caused by the work of the Oregon Short Line now building through that section of the state. D. R. Jones and N. S. Sage, two of the most prominent bankers of south. eastern Idaho, the former being connected with the Blackfoot State bank," which closed its doors May 8, have been placed under arrest, charged with embezzlement of $30,000 of the bank's funds. A well-written and well-illustrated pamphlet descriptive of Downey and Marsh valley, Idaho, intended primarily for the information of eastern people who may still be unaware of in the splendid opportunities offering the west, has just been issued from Downey. Thomas Johnston, a two-year-old boy whose home is on Reynolds Creek, in Owyhee county. is suffering from a sèvere scalp wound, caused by the kick of a horse. The boy was kicked In the head and the scalp laid open four inches, but fortunately the skull was not fractured. o g Crops of all descriptions have been abundant in Elmore county this seae son, though the acreage is not overly t large. The yield has been remarka able, this not only applying to the of grain and hay crops, but all kinds on fruit as well. Potatoes, especially e dry farm land, yielded splendid crops. Tripping on the start down a 20. foot chute from the running track a to the floor of the gymnasium at the e Y. M. C. A. in Boise, two women, Miss n Jacobs and Mrs. Gregory, each had their left legs broken between the anb and the knee, the accidents oct1 curing kle while they were making a tour of inspection of the gymnasium. & Efforts are being made by the ComS0 mercial club to get the Burley instiof tute train to visit Salmon. This train se will start from Salt Lake in DecemW ber over the Oregon Short Line, T through northern Utah and southern in Idaho. The first car of honey ever shipped W from Nampa was made last week by A McCarthy & Randall, who have about eh 1,000 hives of bees distributed about vi the valley. The car contains 35,000 pounds of comb honey and is billed to Cincinnati, O. ne A shooting scrape occurred at Giben bonsville in which Joe Glenning and te his son, Patsy Glenning are said to have engaged in a lively duel. As in the result of the family row, Joe Glenm ning was slightly wounded. The boy wi is about 20 years of age and the father is nearly 70. Re E. H. Moffitt of Wallace has been se elected president of the board of reba ments of the University of Idaho, suc-

12. November 16, 1911 The Blackfoot Optimist Blackfoot, ID
Article from The Blackfoot Optimist, November 16, 1911

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Register. O12t-6t NOTICE TO CREDITORS. In the District Court of the Sixth Judicial District of the State of Idaho, in and for the County of Bingham. In the Matter of the Insolvency of the Blackfoot State Bank, a corporation. Pursuant to an order of the Judge of the above-entitled District Court, in the abc veentitled matter, Notice is hereby given, by the undersigned, Receiver of the Blackfoot State Bank, an insolvent corporation. to the creditors of and to all persons having claims against the said the Blackfoot State Bank, a corporation, to present them, with the necessary vouchers, which claims must be verified, within sixty days after the first publication of this notice, to said Receiver, at his office in the bank building of said corporation, on the corner of West Main and Pacific streets, in the City of Blackfoot, Bingham County, Idaho, the same being the place for the transaction of the business relating to such corporation, or said claims shall be forever barred. Dated this 18th day of October, 1911. R. H. COST, Receiver of the Blackfoot State Bank, an O19-5t insolvent corporation.

13. November 29, 1911 The Daily Star-Mirror Moscow, ID
Article from The Daily Star-Mirror, November 29, 1911

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PRIVACY AND SAFETY All of the affairs of this bank are conducted with careful privacy. Next to the matter of safety, the officers of this bank regard business confidence as being of the greatest importance. We cordially invite persons who are contemplating the opening of a bank account to confer with our officers. We Invite Checking and Savings Accounts THE MOSCOWSTATE BANK ont only carefully inspect the banks they are connected with but to keep in close touch with its conditions. The supreme court in its recent ruling in a bank case made clear what the duties and responsibilities of a director are. I am preparing and expect to forward to state bank directors a detailed statement of what is required of them. State banks will be rigidly inspected by this department, no matter who should happen to be involved." Two Distinct Cases. Commissioner Platt explained that there appeared to be an erroneous report in circulation concerning the Sage, or Shelley Banking company's case, conflicting it with the case involving D. R. Jones of the Blackfoot State bank. He said that the Sage and Jones cases are distinctly separate, the Blackfoot State bank case having nothing whatever to do with the Shelley Banking company case irrespective of the fact that Jones, an official of the former bank, and Sage, who is connected with the Shelley bank, are under arrest. D. R. Jones is charged with the embezzlement of $1000, the complaint being filed at the instigation of Bank Commissioner Platt, whose department discovered irregularities. This bank closed its doors last May, announcing at that time it would suspend business. Jones may be tried at the present term of the district court, but in all probability his case will go over until February.

14. April 11, 1912 The Blackfoot Optimist Blackfoot, ID
Article from The Blackfoot Optimist, April 11, 1912

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NOTICE IS HEREBY GIVEN; That on Saturday, the 20th day of April 1912. at the hour of two o'clock P. M. at the banking house of the Blackfoot State Bank, corner, of Main and Pacific streets. in said town of Blackfoot, Idaho, by virtue of the authority vested in me as Receiver of said bank. and in accordance with an order of said District Court, made and entered on the 8th day of April, 1912, I will offer for sale for cash all the remaining assets of said bank, including the fixtures and lease on said bank building, to the highest and best bidder therefor. Bids will be received by me un to said time for any or all of said assets. The right to reject any or all bids is reserved, and said sale will be subject to confirmation of the same by said District Court. Dated at Blackfoot, Idaho, the 8th day of April, 1912. R. H. COST. Receiver.

15. April 12, 1912 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, April 12, 1912

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NOTICE OF RECEIVER'S SALE In the District Court of the Sixth Judicial District, of the State of Idaho, in and for the County of Bingham. In the matter of the insolvency of the Blackfoot State Bank, an insolvent corporation. NOTICE is hereby given that on Saturday, the 20th day of April, 1912, at the hour of two o'clock p. m., at the banking house of the Blackfoot State Bank, corner of Main and Pacific streets, in said town of Blackfoot, Idaho, by virtue of the authority vested in me as Receiver of said bank, and in accordance with an order of said Distr'ct Court, made and entered on the 8th day of April, 1912, I will offer for sale for cash all of the remaining assets of said bank, including the fixtures and lease of said bank building, to the highest and best bidder therefor. Bids will be received by me up to said time for any or all of said assets. The right to reject any or all bids is reserved, and said sale will be subject to confirmation of the same by District Court. Dated at Blackfoot, Idaho, the 8th day of April, 1912. 43-1 R. H. COST, Receiver.

16. April 18, 1912 The Blackfoot Optimist Blackfoot, ID
Article from The Blackfoot Optimist, April 18, 1912

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NOTICE OF RECEIVER'S SALE In the District Ccurt of the Sixth Judicial Distirct, cf the State of Idaho, in and for the County of Bingham. In the matter of the insolvency of the Blackfoot State Bank, an insolvent corporation. NOTICE is hereby given that on Saturday, the 20th, day of April 1912, at the hour of two o'clock p. m., at the banking house of the Blackfoot State Bank, corner of Main and Pacific streets, in said town of Blackfoot, Idaho, by virtue of the authority vested in me as Receiver of said bank, and in accordance with an order of said District Court, made and entered on the 8th. day of April, 1912, I will offer for sale for cash all of the remaining assets of said bank, including the fixtures and lease of said bank building, to the highest and best bidder therefor. Bids will be received by me up to said time for any or all of said assets. The right to reject any or all bids is reserved, and said sale will be subject to confirmation of the same by District Court. Dated at Blackfcot, Idaho, the 8th day of April, 1912. R. H. COST, Receiver. The above mentioned sale is hereby postponed until Saturday, April 27th, 1912, at the same hour and place. Dated at Blackfoot, Idaho, the 19th day of April, 1912. R. H. COST, Receiver.

17. April 26, 1912 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, April 26, 1912

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NOTICE OF RECEIVER'S SALE In the District Court of the Sixth Judicial District of the State of Idaho, in and for the County of Bingham. In the matter of the insolvency of the Blackfoot State Bank, an insolvent corporation. NOTICE is hereby given that on Saturday, the 20th day of April, 1912, at the hour of two o'clock p. m., at the banking house of the Blackfoot State Bank, corner of Main and Pacific streets, in said town of Blackfoot, Idaho, by virtue of the authority vested in me as receiver of said bank, and in accordance with an order of said District Court, made and entered on the 8th day of April, I will offer for sale for cash all naining assets of said bank, fixtures and lease of Dn g, to the highest and best erefor Bids will eceived by me up to said time for any or all of aid assets. The right to reject any or all bids is reserved, and said sale will be subject to confirmation of the same by District Court. Dated at Blackfoot, Idaho, the 8th day of April, 1912. R. H. COST, Receiver. The above mentioned sale is herby postponed until Saturday, April 27th, 1912, at the same hour and place. Dated at Blackfoot, Idaho, the 19th day of April, 1912. 45-1 R. H. COST, Receiver.

18. November 13, 1914 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, November 13, 1914

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AN EMBEZZLEMENT CASE DISMISSED The case of the state against D. R. Jones on the charge of embezzlement which has occupied a place on the calendar of this county for several years, was dismissed this week on the motion of the prosecuting attorney. The case has been fought with great bitterness on both sides. to The prosecuting attorney trying establish a new point in such matters few and failing after expending a thousand dollars of the public funds. The history of the case is briefly as follows: D. R. Jones was the cashier of the Blackfoot State Bank, and as such official passed upon and granted many loans that the rules of safe The banking would have denied. board of directors became inattentive indifferent or perhaps disgusted with or the way things were going, and more of the responsibility fell upon Jones. The panic of 1907 came on, and the bank was in hard straits. Jones visited some of the cities and arranged money matters so that he could pull the bank out of its straits, tided it over the panic and after year or two it was closed by the bank examiner, V. P. Platt, who was an ardent Domocrat and it was said, was unduly ardent in making victims of Republicans in the banking business. True it is that he closed some banks that were conducted by men who were active in Republican for politics, and made such a record himself that when Governor Haines demanded his resignation he resigned to without delay, but took occasion slur the governor in so doing. When the Blackfoot State Bank failed, Jones owed the bank some him$2,700 which he had loaned to self, and on turning over the institution to examiner Platt, he called attention to his own ledger account and said he would get some money together and settle in a week or two. He raised a thousand dollars in short time and paid it on the account and said he would need more time to get the rest together and offered to give his notes for the remain- seting $1600, which was accepted in tlement of the account. Later, Prosecuting Attorney Good brought a criminal charge against Lim, claiming embezzlement, and the Jones and his attorneys set up defense that Jones simply owed the bank $1600, and that it was not If a crime to be in debt to a bank. it was the whole population were criminals. Jones had not been conservative in his business methods, neither had hundreds of others, but he had always paid, and would be aple to pay this. The case was tried in the district court and the jury failed to agree. It was tried again and he was pronounced guilty, there being some inside history connected with the trial that would make startling reading, but we are not in a position to make it public. The case was carried to the supreme court on appeal, and that tribunal set aside the findings of the district court, and said in effect that whatever else Jones might have been guilty of, he was not an embezzler under the law. The case was argued before the supreme court by G. F. Hansbrough of Blackfoot and D. C. McDougal of Pocatello, and the point upon which the decision hinged was that when the examiner accepted Jones' thousand dollars and his note, it placed the matter upon a simple business plane of the bank having a bill against Jones for money and of accepting an ordinary bus'ness settlement; of them breaking faith in such settlement and keeping his note and his money and attempting to inflict a penalty besides. Jones haa a nice home on East Idaho street, and various pieces of property aggregating considerable value, and owed a few bills besides the one at the bank but none of them large amounts. The fight in the courts and the entanglement into which it threw his business, broke him up, and he is down and out and discouraged, and, we understand is working for wages at Ogden or Malad.