916501479 91650
national
4dc5e63998ab8a9cFull suspension, Books examined
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BUSINESS IS SUSPENDED Billings, March 22.—(By The Associated Pres.)—A notice was posted on the door of the First National bank of Roundup Thursday morning, according to word received here from an authoritative source Thursday announcing that the bank had suspended business temporarily pending the arrival of an examiner who is expected Friday or Saturday. The bank is capitalized at $50,000 and is one of the oldest banking institution in Roundup.
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Attorneys Puzzled as to What Court Shall Try Man Who Killed Another in Park. Kalispell, March 22.—(Special.)—The question of jurisdiction in the case of Dave Rauscher, who is charged with the murder of Remi Decraene at Lake MacDonald on March 9, is puzzling County Attorney King, counsel for defense S. M. Logan and Associate United States District Attorney Ronald Higgins, who is now in the city in connection with the matter. The point involved is that while the crime was committed within the boundaries of Glacier national park, the shooting took place on deeded land, a part of a homestead entered and patented prior to the creation of the park and still privately owned. The park was created by an act of congress May 11, 1910, but jurisdiction was not formally accepted until 1914, and the act of that year states "Sole and exclusive jurisdiction is hereby assumed by the United States over such territory, saving, however, to the state the right to serve civil or criminal processes within the limits of said park on suits for or on account of rights acquired and obligations incurred or crimes committed in the said state but outside the park." The act creating the park describes the boundaries by metes and bounds, and while previously deeded lands are excepted, the wording is such that a strict interpretation might give the federal government jurisdiction over all land within the boundaries. Mr. Higgins in an unofficial opinion stated that he believed the case would have to be tried in federal court, although there is considerable dissent to such opinion among local attorneys. TEMPORARY SUSPENSION. Billings, March 22.—A notice was posted on the door of the First National bank of Roundup this morning, according to word received here from an authoritative source today, announcing that the bank had suspended business temporarily pending the arrival of an examiner, who is expected tomorrow or Saturday. The bank is capitalized at $50,000 and is one of the oldest banking institutions in Roundup.
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MONTANA BANK CLOSED, REPORT BILLINGS, Mont., March 22.—A notice was posted on the door of the First National bank of Roundup this morning, according to word received here from an authoritative source today, announcing that the bank had suspended business temporarily pending the arrival of an examiner who is expected tomorrow or Saturday. The bank is capitalized at $50,000 and is one of the oldest banking institutions in Roundup.
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FIRST NATIONAL BANK CLOSES By order of the board of directors the First National Bank of Roundup temporarily closed its doors yesterday morning, a notice posted on the door stating that unusual demands for currency made such move necessary. The comptroller of currency was immediately notified by officials of the bank of the suspension of the bank, and Irwin D. Wright, a national bank examiner arrived and took charge of the affairs of the bank this morning. No statement will be made until the examiner has completed a thoro examination of the bank. The bank's suspension of payment is due to the steady withdrawal of deposits during the past few months. The bank was the oldest in Roundup, having been established in 1908. It had a capital of $50,000 and was generally regarded as an unusually strong institution.
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NOTICE POSTED ON DOOR BANKING HOUSE, ROUNDUP (BY THE ASSOCIATED PRESS) Billings, Mar. 22.—A notice was posted on the door of the First National bank of Roundup this morning, according to word received here from an authoritative source today announcing that the bank had suspended business temporarily pending the arrival of an examiner who is expected tomorrow or Saturday. The bank is capitalized at $50,000 and is one of the oldest banking institutions in Roundup.
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Hardin Man Is Named to Guard Bank Assets Special to The Tribune. Roundup, April 14.—Word has been received here of the appointment of C. A. Greening as receiver of the First National bank, which suspended business here several weeks ago. Mr. Greene was formerly located in one of the banks of Melstone and recently has been connected with one of the banks in Big Horn county. He represented Big Horn county in the legislature during the last session.
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HARDIN MAN IS NAMED TO GUARD BANK ASSETS Roundup, April 14.-Word has been received here of the appointment of C. A. Greening as receiver of the First National bank, which suspended business here "several weeks ago. Mr. Greening was formerly located in one of the banks of Melstone and recently has been connected with one of the banks in Big Horn county. He represented Big Horn county in the legislature during the last session.
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Roundup, April 14.—Word has been received here of the appointment of C. A. Greening as receiver of the First National bank, which suspended business here several weeks ago. Mr. Greening was formerly located in one of the banks of Melstone and recently has been connected with one of the banks in Big Horn county. He represented Big Horn county in the legislature during the last session.
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CONTRACT WITH W. A. PENNINGTON DECLARED VOID ENFORCEMENT FUND OF $800 ALSO SAID TO HAVE BEEN ILLEGALLY WITHDRAWN State Examiner's Report Says County Attorney Should Make Restitution—Report Discloses Musselshell County Has $278,930.90 in Closed Banks. The contract entered into by the board of county commissioners of Musselshell county with W. A. Pennington whereby the latter was engaged to prosecute certain cases against former members of the board is declared to be without legal authority according to a report filed this week with County Clerk and Recorder Volney J. Hain by F. E. Williams, a deputy state examiner, who conducted an examination of the affairs of the county in October. A claim filed by Mr. Pennington for $300 for services performed in accordance with the terms of the contract and paid by the board, is stated to be illegal. It is pointed out in the report that both the contract and claim are illegal for the reason that the law provides that the board may provide the county attorney with additional help when necessary. The payment of $800 to County Attorney Chas. F. Huppe by the board for the purpose of financing detectives engaged in gathering evidence for the enforcement of the prohibition laws, is also declared by the report to be illegal and the money so paid should be returned to the county. In this connection the report says: "The using of this fund in this manner is entirely illegal, and the board of county commissioners should immediately direct that this fund be turned in to the county treasurer. Chapter 116 of the session laws of 1923, amends section 11,071, 11,075 and 11,079 of the revised codes of 1921, and you are referred to section 11,084 of this chapter, which defines the method of distributing the net proceeds of the fine and to what funds, viz., 50% to the general fund of the county and the remaining 50% to the law enforcement fund to be remitted by the county treasurer to the state treasurer. This law became effective March 7, 1923. All monies collected and credited since that date to the general school fund should be transferred to the general fund. You are requested to read carefully the said chapter 116." The report discloses the fact that Musselshell county has on deposit in closed banks an enormous sum, the names of the banks and the amounts being as follows: First National, Roundup........$55,055.78 Lavina State Bank................ 24,128.86 Melstone State Bank.............. 18,933.48 Roundup National Bank.......... 32,910.50 Musselshell State Bank.......... 63,702.28 Citizens State Bank.............. 70,274.81 In addition to the above there was $13,925.19 deposited in the Farmers & Merchants Bank of Ryegate, which closed its door since the examination was made, bringing the total amount of funds deposited in banks that are now closed to $278,930.90. The report commends all the county officials for the efficient manner in which the books and records of their respective offices are kept up. Criticism is confined almost entirely to irregularities of claims, such as failure to itemize properly or failure to sign or endorse. A new law passed by the last legislature provides that the examiner's report be made a part of the commissioners' minutes at the meeting following its receipt and that it must be published in the official county paper in full as a part of the proceedings.
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BANKS ARE RIFLED BEFORE THEY CLOSED Roundup, Dec. 6.—What is regarded as the first definite step toward the closing up of the receivership of the defunct First National Bank of Roundup has been taken in the form of a court order, issued by Judge George A. Horkan, authorizing Receiver C. W. Greening to sell the bank building and fixtures at public auction on December 19. It is understood that more than one bidder is expected to be present and that $18,000 is the minimum figure which will be considered. The building is now occupied by the Miners and Merchants bank under a lease which will expire in November, 1925, and it is certain that the Miners and Merchants will be one of the bidders at the sale.
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DIVIDEND NOTICE. Checks for first dividend of the First National bank, Roundup, are now ready for distribution. Holders receiver's certificates should pear person at the office of present certificate and
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Bank Merger Completed Assets of the First National bank Musselshell have been taken over and Merchants bank Miners the the being Roundup, The pleted recently. carried $100,000 deposits. stitution cashier of the MusselDundas, shell bank, becomes cashand Merchants and the Miners liquidating agent will also due in the accounts the Baker will National bank. First assistant cashier remain miners and the
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Bank Merger Completed the First National bank of Assets of Musselshell have been taken and Merchants bank the Miners the transaction being Roundup, The Musselshell pleted recently. carried $100,000 in deposits. stitution cashier of the MusselDundas, becomes assistant cashshell bank, Miners and Merchants and the agent in also act as liquidating due the collecting of accounts the Baker will First National bank. assistant cashier also remain as an miners and Merchants. the
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Bank Merger Completed Assets the First National bank been taken over Miners Merchants bank the Roundup, the transaction being recently. The Musselshell pleted carried in deposits. Dundas, cashier of the shell bank, becomes assistant Miners and Merchants and the will also as liquidating agent the collecting of accounts due in the National bank. Baker will First as an assistant miners and
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Bank Receiver Pays Dividend A dividend of $50,000 in cash has just been paid to depositors by the receiver of the failed First National bank of Roundup.
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Tribune's Helena Bureau. Helena.—In the case of the treasurer of Musselshell county against the First National bank of Roundup, its receiver, G. W. Greening, and T. C. Sherman, A. A. Morris, Martin Rauch and H. P. Lambert, as sureties upon its bond to secure deposits of county funds in such bank, the supreme court has reversed the order of the district court of Musselshell county and has remanded the case with directions to discharge the attachment unless plaintiff shall file an amended affidavit upon which the writ of attachment shall be modified. The bank had closed on March 29, 1923, at which time the county had on deposit therein $55,055.78, protected by a depositary bond expiring on March 4, 1923, upon which Sherman and Morris each qualified to the sum of $75,000, Rauch to $30,000 and Lambert to $20,000.
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M'CULLOUGH McCullough was Wednesday appointed joint receiver the First National and Roundup National bank, to take the place of Greening. who tendered resignation several days Mr. McCullough has been representing the Federal Rebank here for the past years and is well and orably known. He took charge his new duties once. Mr. Greening has accepted position as cashier of near Tacoma, and expects leave about
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C. W. GREENING GOES TO TACOMA TO RUN A BANK Word comes from Roundup that C. W. Greening, former state senator from Big Horn county and for the past couple of years receiver of the two defunct Roundup banks-t h 8 First National bank and the Roundup National n will go to Tacoma, Washington, to take the management of a new bank which is being organized in that city. With his family, Senator Greening expects to leave Roundup for Tacoma about July 25.