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MARVIN NAMES BANK RECEIVER President of Hopkins County Bank Will Look After Affairs Defunct Institution Associated Frankfort, Ky., May Marvin, state banking commissioner, today appointed H. Ramesy president Hopkins County Bank, Madisonville, special deputy to liquidate the of the Farmers Bank of White Plains, Hopkins county, which recently closed. An audit being made to determine the exact status of the bank's affairs.
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White Plains Bank Embezzlement Case Continued to May 24 MADISONVILLE Ky., May 13.Ruby Laffoon continued the trial of Claude Bass, forofficial of the Farmers Bank of White Plains which suspended May. 1925. today until May 24. This action was taken following the filing of an affidavit by defendcounsel for continuance. Bass is facing 11 indictments, turned since the bank suspended opthese charge embezzlement and making false entry on the books of banking corporation.
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Circuit Judge Rules Against Bank Depositors MADISONVILLE, Ky., Sept. (Special) Rudy Laffoon ruled that stockholders of the defunct Farmers bank of White Plains were preferred creditors tnd should receive payments from liquidated sets of the bank before depositors. His decision will be taken to the court of appeals. When the bank closed doors 1925, there was cash deposits and notes. The amount which were missing when the
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Judge Rules Against Depositors In Bank Madisonville, Sept. Rudy Laffoon ruled that stockof the defunct Farmers' of White Plains were ferred creditors and should receive payments from liquidated assets bank before depositors. His decision will be taken to the court of appeals. When the bank closed its doors in May, 1925, there was cash deposits and The amount of bonds, which missing when bank suspended operation totaled Claude Bass, this city, formereashier the bank, under several indictments in connection the bank's closing. His trial the September circuit court term.
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SPECIAL VENIRE ORDERED IN BASS EMBEZZLING CASE -Judge Ruby Laffoon directed Sheriff Hubert Woodruff to summon special venire of 20 men last night for jury service today in the Claud Bass trial after eight men had been accepted by both sides late yesterday. Bass is on trial on an embezzlement indictment returned since the suspension of the Farmers Bank of White Plains of which he was former cashier The bank suspended operation last May There are nine additional indictments pending against him as the result of the bank closing its doors, J. Waddill and Charles Frank lin. Bass' attorneys. fought hard to prevent their client from going on trial today. making several motions. the last one being for continuing but all were overruled by Judge Laffoon Libel cases against I. Willis Cole and William Warely. Louisville
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Special Registration For Voters Of Earlington County Clerk L. McGregor has announced there be supplemental registration for Earlington voters held in his office Monday, Tuesday Wednesday. The county clerk's office will be open for registrant's from to on the first two and from m. on Wednesday Orders Payment of Bond Amounts and Interest From Assets of Bank. Judge Ruby Laffoon ruled late Wednesday that bond owners who had deposited bonds in Farmers Bank of White Plains for safekeeping, and which missing when the bank suspended operation in May should paid out assets before creditors and debositors. Interest from Jan. was also lowed by Judge Laffoon Counsel for the Farmers Bank White which included Durand others, petition and which Balley defendants. were granted appeal to the appellate court. The claim of Ray. sheriff, for was and allowed in the same order Following the Est bond owners amounts of their bonds embraced in the court $2,000 N. and Mrs. George Ferguson, $1,000. Sharber $2,000. Henry $2,000. Mrs. Media Allen, $600 Tishia Allen, $100. $500. Florence Skaggs, $100. Carl M. Sisk. Friend Orphan Lodge No. 523, $200. Asks New Trial The motion for trial. filed the defendants the action of Buhler Travis West Kentucky Coal Company has been taken under advisement by the court, was awarded $500 jury for injuries suffered by falling the defendant Fox Run mine near St. Charles. order tered in Ernest Newton City of Earlington on the motion of the plaintiff Newton was awarded judgment in cir sourt for damage he claimed he when grade was established for street ment front The judgment reversed by the appellate court. Fowler W plaintiff adjudged lien on eight acres master directed to sell same. W. B. order amended and supplemented Stella Jones E. Laffoon guardian, latter ordered pend specified amount monthly for ward's maintenance. Vella 0. Gentle derendant filed answer. Charles Stodhgill vs. Co submitted. Ernest Patterson vs, West tucky Coal Company, generally Plaintiff is suing $3,000 for an injury suffered working the tendant's No. mine tipple at Earlington Citizens Bank & Trust pany Life Insurance Company. Defendant's murrer overruled. Morgan Talmadge Burchett ordered commissioner sell lot involved action at public sale. To Jury Friday The case Smith against the Illinois Central Company which has been on trial circuit court since Tuesday be sumbitted to the jury Friday morning. Evidence was adduced by Thursday noon. The property claimed to have been damaged by overflow water viewed by the jury Thursday afternoon. Smith<is seeking $3,000 judgment. 62 BUSHELS IN HOURS Robert Oakley. of the Slaughters country. set an apple picking record for the county when he picked 62 bushels of winesaps the farm Tippett. Hanson country. in nine hours.
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Bond Owners Ordered Paid MADISONVILLE, Ky., Oct. 23.Judge Ruby Laffoon has ruled that bond owners who had deposited bonds in the Farmers' Bank of White Plains for safekeeping and which were missing when the bank suspended operation in May, 1925, should be paid out of before creditors and Interest from January 20, 1925. also allowed by Judge Laffoon. Bonds court.
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BANK PROPERTY IS ORDERED SOLD MADISONVILLE, Ky., Oct. 13.(Special) estate and personal property owned by the Farmers bank of White Plains, which suspended op- 45, lower gauge, 5.3 feet, rising: Dam No. 46. lower gauge, 6.5 falling: Dam No. 47, lower gauge, 4.8 feet falling: Dam No. 48, lower gauge, 4.4 feet, falling: Dam No 49, lower gauge, 4.9 feet, falling: Mt. Carmel, 1.6 feet, falling: Shawneetown, 5.2 feet, stationary; Nashville, 7.5 feet. stationary: feet, falling: Johnsonville, 3.9 feet, rising: Paducah, 5.1 feet, stationary; Cairo, 15.0 falling. eration in May, 1925, will be sold under order state banking comsioner, Frankfort, at the Madisonvill door, 5, to settle the affairs of the which has been in liquidation since its suspension. The holdings are situated in Hop. kins and Christian counties. In this county there is brick building, parcels of land and office fixtures to be sold, while in Christian county six tracts of land are to be auctioned. Claud Bass, former cashier of the bank, is of indictments in the circuit court. returned after the bank's suspension.
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Ky., Nov. the former Farmers' bank White Plains, uated Hopkins and ties, will the Monday under order state banking Denny. to settle the affairs institution which liquidaits suspension in May 1925 The property be consists of brick building and three parcels which the bank interest wall the structure, lot Gap, in Franklin addition White Plains personal property banking consisting vault. desks, typewriters and other articles and holdings in The county property more 200 number pending circuit court against Claude former cashier the these turned after the bank had suspended operation
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BANK HOLDINGS ARE AUCTIONED Disposing of the physical propof the Farmers Bank of erty White Plains, in process of liquidation the state banking commissioner, Col. Frank D. Cardwell, under E. F. Thomsupervision deputy commissioner of asson, Calhoun, sold the holdings at auction $4,727 Monday afternoon for at the courthouse door. The property is located in Christian and Hopkins counties. The bank suspended on order of the state department in May, 1925. The brick bank the three lots on which the structure situated and bank fixtures were purchased by Judge R. HarriNortonville, for $1660. son, The Oates situated in White Plains, and property the bank was bought by Crick, White Plains, $305. O. Dillingham house and lot, White Plains, sold to J. R. Sisk, White Plains, for $800. 100-ac tract, north of A White Plains, was bought J. by R. Sisk for $926. This is known as the Moore tract. A house and lot, known as the situated in MorVaughn property, tons Gap, was purchased by G. E. Henry, Mortons Gap, $485. A 20-acre tract in Christian was sold to the Kentucky county Trust Co., trustee for $51. Bank A 110-acre tract in the same county was bought by Christian for $500. Lyle, county, W. J. Cox, bid $100 for city, 40-acre Sharber tract, Christhe tian county, but the bid was and the tract will be resold jected at date be determined. The Manaban 100-acre tract, Christian county, was not sold because the banking commissioner had been informed there is over the title and controversy is pending in the Chrislitigation circuit court. The tian county is to be sold at a future property date.
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BASS CIVEN 3-YEAR TERM (Continued From Page One.) that the bank was examined two or three times every year after Mr. Bass sold his stock and other officials were installed until it was closed in May, 1925. hat did they find ?" he inquired. "They four that the new cashier owed the bank $10,000 and the bank never got a cent of it. They found that another man owed the bank $2,700 which was never cell cted and never will be. That was all after Bass was gone. After relating that the board of directors met on June 23 and declared a 100 percent dividend for the purpose of reducing the bank's taxes. Mr. Frankl n stated that there still $5.100 left in the surplus and undivide profits of the institution after the dividend was paid, adding and yet, the commonwealt. is trying to show you it was that divident that wrecked the bank "Dr. Bailey and his family got part of that dividend just like Claude Bass did," he said. "O course. Bass got more than they did because he owned most of the stock. If Dr. Bailey had ONTER most of the stock. then he would have received most of the dividend." Mr. Franklin said that the Billey family had just as many employes in the bank as the Bass family had. "Then. why. he shouted "if there were any irregularities did Dr Bailey know no hing about it? Dr. Bailey kne that Mr. Bass cred ted those bonds to the emergency fund. Says Memory Fault The defense lawyer stated that he didn't charge that Dr. Bailey would deliberately swea. to falsehood but that his memory was bad, quoting that. is very fleeting thing He told of the many stocks the prosecuting witness had bought through the Farmers Bank and that Dr Bailey had testified on the witness stand that Studebaker was the only stock he had ever Lought through that institution 'He was placed back on the stand and didn't deny that ne nad bought those stocks Gentl he has also forgotten that ne knew all about the b. nd plan O. that bank. Mr. Franklin said that n a dollar of the money in t.e sale of the Liberty bonds went into the surplus or undivided of the bank, ror did it go pay that 100 percent div.dend h dividend was not even paid 11 cash," he continued It was paid in time deposits due in on an two years. So gentlemen. u can see that this bond mo ey didn't go to pay the dividend. Says Hung Jury Sough Charging that Bass' "stock in trande has been fooling credulous people John L. Grayot, veteran prosecutor launche into vere arraignment of the forme: that the defendant 11 actu tt d would "go out and grin abo.1 how he fooled the people Charging that the Le ens torneys had attempted to throw a smoke screen acout the rea issue in the case, Mr. Crayot said, in part They want to hang the They want to try to the av smiling detendant and ly deadlock the jury Mr. Grayot sald that the receipts presented in the d ne cid not tel. him the bonds wer 1.1 Louisville whe he h.s. tried to collect the interest, as the former cashier has mai Who Lied: "Who lied. gent.emen he asked Which world you believe on the stand that he was never told such thing "Would you believe this sic ducki this smooth article, gran. bing money herever he can put his ands on it Bass swore that when he gave D. Bailey nis the emergency fund and that no (Bailey get the money 01 the bonds whenever he called for them he knew that if he couldn't get the jury to believe those lies n would go to the pen quicker than a snowball would melt in heli. lieve Dr. Bailey on his word without being sworn before Pd believe ( Inude Bass if he swore in every court of the country Bass Family Profited. "They declared a 100 per en dividend with the trenzed reason given to 'beat the state out 0 the payment of taxes ther were other Basses on the board or directors Who protited Claude Bass drew $7.900 of the $15,000 declared in the d vider.a. His father and sister brought In amount of profit for the Bas: family up to around $12,00) 0 Whatever you say about laud Dass. he is no fool. Claude knew e bank was coming tumbing down in wreck and Claude was getting away from that wreck A 100 percent dividend in a Claude Bass can manage a ban like that. he can make a big sal ary in any city bank in the coun try. Whover heard of a bank declaring a 100 percent dividen but the Farmers Bank of White Signature Missing. Mr. Grayot contended that the absence of Dr. Bailey's signature on the bond book "shows plainly a permediated effort to sell those bonds without the knowledge of Dr. Bailey. In keeping this emergency fund, it is strange, strange, gentlemen, that there is not one scratch of the pen to show the bonds were sold Is that banking During Mr. Grayot's speech, a hot verbal encounter ensued between opposing counsel, which percipitated from continual ob jections advanced by Mr Waddill. The prosecutor made reference to these objections and Mr. Waddill was immediately on his feet stating that he knew bis rights in court as well as Mr. Grayot, who charged that the 00jections were merely intended to throw him off the line of his speech. Judge Laffoon informed the defense counsel that he could object as many times as he wished. Admits Bond Sale. Bass, the only defense witness, was severely cross examined by Commonwealth Attorney John L. Grayot Thursday afternoon, ad mitted he sold W. B. Bailey Liberty loan bonds. valued at $4.250, entrusted to his care while he was cashier of the Farmers Bank of White Plains, and said Dr. Bailey had knowledge of the sale for he (Bass) had informed him of the Dr. Bailey testified Wednesday afternoon he did not know his bonds had been sold until after the bank suspended in May. 1925, and discovery was made only when liquidation was in progress under the direction of the state banking department. Dr. Bailey testified he had not given Bass or anyone else authority to sell the bonds. Bass, in his testimony. stated he had inormed Dr. Balley OF the bank opening bond d partment and had explained it to him in detail, telling him bonds would be bought and sold The def endant said he did not give Dr. Bailey credit for the $4 250 Liberty bonds at the bank when sold, but placed the saie proceeds in the emergency fund because Dr. Bailey m ght want to draw on it or buy bonds When Bass was asked by Commonwealth Attorney Grayot if it was customary for banks to sel: bonds placed in their cust dy. Bass said "some do, but not all. He said he got the bond department form he used from a Louisville bank and thought it was from Liberty Insur ince bank When asked if it was not state on the back of certificates issued following receipt of bonds by the bank while he was cashier that bonds like those described would be returned to the owner, Bass stated any bonds like those n.ent oned in the certificate would do. Get New Receipt. He said Dr Bailey's reason for not signing the bond register was because he was issued a new receipt when his oll one was taken up and it was not necessary to sign the registe y. Plains declared its 100 percent dividend June 23, 1923, payable June 30, 1923. Bass said He testineo he owned 19 shares of stock then and he received about $7,900 as his dividend pait; his wite owned 33 shares, receiv ng $3, 300: his father, 5 shares, got $500: sister, 10 shares of st ck receiving $1,000 and a consn named Murphey, owner $1,000 when the shares receiving wife received more than at that time Bass admitted The bank had declared a 13 and at that time it had $15.00 fits. When the June, 1923. divi dend was declared it reduced in surplus to $5,000 and lef $1 0.03 as undivided profits, When Commonwealth Attorney Grayot ha: clicited this information from Bass he led the witness back to the Bailey Libe.ty bonds and asked ni.n why no entry O. Bailey might have lost the recelpt. the record he had of his bonds deposited in the tank for safekeeping. Bass replied, "in the first place Dr Bailey would not have lost his receipt (this being new receipt issued April 13, 1922. after the old one had been taken up by the bank) but if he had there was small book at the bank which contained the names of owners 01 bonds who had money in the emergency fund. Commonwealth Orders. Orders entered in commonwealth cases follow: Lem Davis and Eugene Davis, ontinued to second day of Septerm W. P. Westherly, continued to first day of the same term. Malcom Smoot continued to second day of September term. W. W Williams (appeal coninued to third day of the September term Neison Stevenson. two cases, ontinued to th.rd day of September term Howard Hunt. continued to second day of September term. ne grand jury recommended he dismissal of the housebreaking harge against J. H. Robb, in jail, nd he released from custody Civil Case Orders A. Y. Rudd etc., VS. J. K. Rudd. te., B L. Nisbet appointed guardian ad litem for infant defendCallie Hogan Staples vs. Sam Staples, oodie Gaynelle Stone vs. staude Stone &c., Beulah Eaves S. George Eaves. Oscar Henderon VS Nevaline Henderson, Paul Harris vs. Myrtle Harris, Beatrice Harvey vs. W. J. Harvey and Lillian Blanche Cain VS. John Cain vs. John Thomas Cain, sub-
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FORMER BANKER CONVICTED And Sentenced On Embezzlement Charge In Kentucky Case. Madisonville, May to the penitentiary Circuit Court jury here, today, executed appeal bond and appealed judgment the Appellate Court Review. charged with embezzlement of Liberty Loan bonds valued cashier the Farmers Bank White Plains, which pended operation faces Indictments returned the bank's suspension. These be continued until Court of Appeals the appeal. Bass to return Pontiac, Mich., few days, where he engaged business. This the second time Bass been convicted connection with bank's failure. sentenced months in prison his first trial charge having embezzled Liberty Loan bonds, totaling owned Henry Allen, another depositor the defunct bank. This conviction, October, 1926, versed by Court of Appeals.
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FORMER Sentenced On Charge In Kentucky Case. Madisonville, May convicted and sentenced to three in penitentiary Circuit Court jury today, executed $3,500 appeal bond and appealed the judgment the Appellate Court Review. charged with embezzlement of Liberty Loan bonds valued when cashier the Farmers Bank White Plains, which pended operation May, 1925, faces more returned since the bank's suspension. These are continued until Court of Appeals rules the appeal. return Pontiac, Mich., few where engaged business. This the second time Bass convicted connection with bank's failure. He was sentenced months in prison his first trial charge embezzled Liberty bonds, totaling Henry Allen, another depositor the defunct bank. This conviction, October, 1926, was versed Court Appeals.
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lieve Dr. Bailey on his out being sworn before I'd believe Claude Bass he swore in every court of the country. Bass Family Profited. "They declared 100 percent dividend with the frenzied reason given to 'beat the state out the payment of taxes. other Basses on the board were of directors. Who profited Claude Bass drew $7,900 of the $15,000 declared in the vidend. His father and sister brought the amount of profit for the Bass family up to around $12,000 the "Whatever you say about Claud Bass, he is no fool. Claude knew the bank was coming down in wreck and Claude was getting away from that wreck 100 percent dividend in country bank! Gentlemen, Claude Bass can manage bank like that, can make big salin city bank in the ary any try. Whover heard of bank declaring 100 percent but the Farmers Bank of White Plains and Claude Signature Missing. Mr. Grayot contended that the absence of Dr. Bailey's signature on the bond book "shows plainly permediated effort to sell those bonds without the knowledge 01 Dr. Bailey. "In keeping this emergency fund. it is strange, strange, genthat there is not one scrutch of the pen show the bonds were sold. Is that bank- During Mr. Grayot's speech, hot verbal becounsel, which percipitated from advanced by Mr Waddill. The prosecutor made these objections and Mr Waddill immediately on his feet stating that he knew his rights court as well as Mr. Grayot, who charged that the 00jections were merely intended throw him off the line of his speech. Judge Laffoon infor ned the defense counsel that he could onmany times as he wished. Admits Bond Sale. Bass, the only defense witness, was severely examined by Commonwealth Attorney John Grayot Thursday afternoon, admitted be sold Dr. W. B. Bailey's Liberty loan bonds, valued at $4,250, entrusted to his care while be was cashier the Farmers Bank of White Plains, and said Dr. Bailey had knowledge of the sale for he (Bass) had informed him of the Dr. Bailey testified Wednesday afternoon he did not know his bonds had been sold until after the bank suspended in May, 1925, and discovery was mane only when liquidation was in progress under direction of the state banking department. Dr. Bailey testified had given Bass anyone else authority to sell the bonds. Bass, in his testimony, stated he had inormed Dr. Bailey of the bank opening bond partment and had explained to him in detail, telling him would be and sold. The defendant said he did not Dr. Bailey credit for the Liberty bonds at the bank when sold, but placed sale proceeus in the emergency fund because Dr. Bailey ght want draw on or buy bonds. When Bass was asked by Commonwealth Attorney Grayot it was customary for banks to set: bonds placed their cust Lass "some do, but not He said he got the bond partment form he from Louisville bank and thought from Liberty Insur When asked was the back certificates issued following receipt of bends by the while he was cashier that like described would be the owner, Bass stated those ment certificate would do. Get New Receipt. said Dr Bailey's signing the bond register because he issued when his one taken up and not neces sign the registery Farmers Bank of declared its 100 percent June 23, 1923, payable 1923, Bass said. he owned 79 shares of and he received about his dividend part; 33 shares, $3, father, shares, got sister, 10 shares of stock receiving $1,000 and named Murphey, shares $1,000 the receiving dividend paid. received more that time,
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CONTINUE CASES OF CLAUDE BASS MADISONVILLE, Ky., Sept. 26. -Nine commonwealth cases against Claude Bass, former cashier of the Farmers Bank of White Plains, and WSO was indicted aft er the bank's suspension, were continued until Wednesday afternoon until the February term. Trial continuance was granted to await the appellate court's ruling on conviction of Bass.
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BLANKS, BASS AND FINLEY CASES ON FEBRUARY DOCKET (Continued From Page One) Attorney Thomas E. Finley charged with converting to his own use, money and property of value, the personal property of another without the consent of the owner, is also set for trial on the sixth day of the term. The attorney is charged in the indictment with converting to his own use money that belonged to a client. Nine commonwealth cases against Claud Bass, former cashier of the Farmers Bank of White Plains, which suspended operation in May, 1924, are set for trial on the third day of the term. been twice convicted when tried on indictments after the bank's suspension and penitentiary sentences were reversed when reviewed by the court of appeals. Blanks Charges. Two commonwealth cases mayor of Madisonville, are on the Springs. chief executive of the city.