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OTHER CAPITAL CITY BANKS FEAR RUNS Helena, Aug. 24.-Irregularities discovered by Jay G. Larson, state bank examiner, and the unqualified statement of W. S. Goodyer, cashier, that he is $100,000 short in cash, caused the closing of the Farmers & Mechanics State Bank of Helena yesterday afternoon. when the directors met and were informed of a shortage of $50,000.00.
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# GOODYER GIVEN # 7 TO 14 YEARS William S. Goodyer, defaulting cashier of the closed Farmers' and Mechanics' State bank of Helena, last Friday changed his pleas of not guilty to three informations—one charging embezzlement of $90,000 of the bank's funds and two accusing him of forgery to guilty and was sentenced by Judge W. H. Poorman to serve from seven to 14 years in the penitentiary at Deer Lodge. The maximum was imposed on each count, but the terms will run concurrently. Immediately after sentence had been passed, Goodyer was taken to Deer Lodge to begin his imprisonment. County Attorney George W. Padbury has announced that later informations will be filed against Goodyer and that the convicted man will be returned to Helena and tried on charges of making false entries on the bank's books and of making false statements to bank examiners. Goodyer was arrested about a month ago, when examination by the state bank superintendent's deputies disclosed a shortage of between $100,000 and $108,000. He admitted his peculations, which he said had covered a period of four years. The Farmers' and Mechanics' State bank, according to the examiner's office, may pay depositors as much as 50 cents on the dollar, but its stockholders will lose heavily.
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POSSIBLE REORGANIZATION OF CLOSED BANK PUT IN HANDS OF A COMMITTEE TO KEEP IN TOUCH WITH RECEIVERSHIP AND ACT LATER, IF OPPORTUNITY ARISES At the close of an extended discussion of the affairs of the closed Farmers and Mechanics State bank. stockholders and creditors took action last night at meeting in the Pythian hall in the Sixth ward, in the appointment of a protective committec of four, to keep in touch with the receivership and to look into ways and means toward a possible reorganization of the bank. The committeemen were nominated from the floor, as follows: Representing the stockholders, Ole Swanson and F. E. Kennedy and for the depositors, S. J. Tomcheck and Ed Walker. Mr. Tomcheck president. The defalcation of the cashier, W. S. Goodyer, who is now in the state penitentiary, amounting to approximately $100,000, led to the bank's closing last August. Meet With Judge Poorman. The committee of four was requestcd to confer with Judge W. H. Poorman of the district court this morn- (Continued on rage Seven.)
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CASHIER'S SHORTAGE FOUND TO BE $91,333.16 HELENA-The actual cash shortage of W. S. Goodyer, defaulting cashier of the closed Farmers' and Mechanics' State bank, is $91,333.16, according to a report filed by Receiver H. E. Longmaid. Goodyer is now serving a term in the penitentiary at Deer Lodge. The report is for the period from October 27, when Mr. Longmaid was appointed receiver, to November 30. It shows that the individual deposits of the institution totalled $114,813.07; savings deposits, $41,706.53; time certificates of deposit, $25,539.18, and cashier's checks $16,424.02. Collections on stock liability so far total $3,650. A eonsiderable sum has been realized from stocks, bonds, and warrants.
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BANK RECEIVER TO SELL CITY PROPERTY Receiver H. E. Longmald of the Farmers and Mechanics State bank was given permission by District Judge W H. Poorman to sell lots in the Flower Garden addition to Christ Rickert for $1,010 and a lot in the Northern Pacific addition to Red Cross lodge, Knights of Pythias for $1,200 The sale was authorized to satisfy promissory note of C. J. Hill of Pocatello, formerly of Helena, according to Receiver Longmaid. USE FOR LOUD SPEAKERS. Japanese railway stations have loudspeakers for announcing trains
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Fraudulent Records Found Partly Burned in Stove in Helena HELENA. Oct and bits paper took court records here found the state bank examiner declares, stove in the Farmers and Mechanics State bank, Helena. the day closed, after embezzlements for which its cashier. W. Goodyear, serving prison sentence The papers were declared Wednesday fraudulent records carried by Goodyear hide his from state The Auto Finance suing to recover alleged have collected for by the bank Receiver Harold presented the partially destroyed papers in supof that destroyed and it is impossible determine to whom credits are due. Quebec senator has reached 100 years and never had headache Congress must be lot different up there.
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TORN AND CHARRED RECORDS USED FOR CHECK-UP ON BANK By Press. HELENA, Mont., Oct. 5.-Torn and charred bits of paper took place in court records here today. Found, the state bank examiner declares, in stove in the Farmers and Mechanics' State bank here the day it closed after embezzlements for which its cashier, W. S. Goodyer, is serving a prison sentence, the papers were declared today to be fraudulent records carried by Goodyer to hide his irregularities from the state officials. The Helena Auto Finance company is suing to recover $21,000 alleged to have been collected for it by the bank. Receiver Harold Longmaid presented the partially destroyed papers in support of statement that records were destroyed and it is impossible to determine to whom credits are due.
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RECORDS DESTROYED. CREDITORS OF BANK LEFT HOLDING SACK (By Associated Press! Helena, Oct 7.-Torn and charred bits of paper took a place in court records here. They were clares. in stove in the Farmers and Mechanics State bank here the from the state officials alleged to have been collected for visited. it by the bank Receiver Harold Longmaid presented the partially destroyed papers in support 01 statement that records destroy ed and it is impossible to determing to whom credits are due.
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LAWYERS ATTACK BANK TESTIMONY MRS. ABRAHAMSON'S COUNSEL ATTEMPTS TO IMPEACH WORD OF STEVE TOMCHECK. In an effort to impeach the testimony of Steve J. Tomcheck, witness for the defendant in the case of Clara Abrahamson, intervenor. against Harold Longmaid, receiver of the Farmers' and Mechanics' State bank, portions of his testimony before the court in the Helena Auto Finance corporation trial were this morning ordered read into the record. This morning he said that he had talked with Mrs. Elsie Goodyer concerning notes purported to have been held by her mother. Clara Abrahamson, shortly after the bank was closed after embezzlement of funds by Cashier W. S. Goodyer. He testified that he recognized two of the notes as having been signed by Mr. or Mrs. Drake. Mrs. Abrahamson asks that she be allowed $1,500 alleged to be due her on R note she had purchased from the bank before its failure and which she claims was listed among bank assets. Attorneys Gunn and Spaulding for Mrs. Abrahamson alleged this morning that in testimony yesterday in the case of the Helena Auto Finance company, Tomcheck testified he could not remember whose signature were on notes shown him by Mrs. Goodyer. Mrs. Goodyer denied the conversation ever took place. Mrs. Abrahamson, on the stand. told of taking $2,000 from her savings account in the Farmers' and Mechanics bank and investing it In notes and bonds which were recommended by Cashier Goodyer: $1,500 was invested in so-called Drake notes, she testified The notes she said, were left in the bank for safekeeping and she never saw them although she produced a re. ceipt for them signed by Goodyer. Before the notes came due she said the bank failed and she has not been paid. Receiver H. O. Longmald told how he had searched for such notes among papers at the bank when the demand was made. He found none which had been indorsed to Mrs. Abrahamson, he sald, although there were several Drake notes among the bank's assets, among which was one for $1,500. R. L. Smith. deputy state bank exam Iner identified several notes as those he had found and had listed as assets of the bank when It failed. When Tomcheck testified that he had seen Drake notes endorsed to Mrs. Abrahamson In the possession of Mrs Goodyer after the bank had closed, plaintiff's attorneys asked him to reconcile that statement with one made yesterday that he did not remember the signatures. They offered to put Colonel J. J. McGuinness, court reporter on the stand to testify as to the court record of yesterday. A compromise was reached whereby portions of the transcript will be read into the record when it is completed. The trial of the case of the Helena Auto Finance company against the bank's receiver was completed yesterday afternoon and both cases were taken under advisement by Judge W. L. Ford, of White Sulphur Springs. Attorneys were given 30 days after the completion of the transcript for the filing of briefs Receiver Longmald was represented in each case by Attorney Henry C. Smith. C A. Spaulding and Milton C. Gunn represented the Helena Auto F1nance company and Mrs. Clara Abrahamson
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NOTICE TO CREDITORS Farmers and Mechanics State Bank Helena, Mont. The third dividend checks are ready and may be called for at the office of the receiver. Be sure to have your certificate with you
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SMALLPOX PATIENT NOT EXPOSE OTHERS IS STATEMENT OF FATHER The pupil of the Jefferson school. son of Mr. Little. who lives at 915 Breckenridge, who was taken with the smallpox lately is reported as doign very well. The report received by Dr. Jordan, health physician, that the boy was ill in school for two days before taken out was mistake, according to Mr. Little, who made the statement yesterday that the boy was taken out of school the day he complained of being ill. Two physicians have been in at tendance upon him since then. and every precaution taken, Mr. Little stated, to prevent the spread of the disease. He also said that it was the boy's brother who played with another boy, and not the patient, and that the brother had not been exposed. NOTICE TO CREDITORS Farmers and Mochanies State Bank Helena, Mont. The third dividend checks are ready and may be called for at the office of the receiver. Be sure to have your certificate with you. H. E. LONGMAID, Receiver.
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Failed Bank Will Pay Another 15 Per Cent Dividend to Creditors terday filed petition in the district court in the receivership of the Farmers and Mechanics State bank of Helena asking to be allowed to declare another dividend of 15 cents. and Judge Poorman made an order granting the petition. The petition said that seven per cent of the money was from general collections from debtors of the bank, while eight per cent was from stockholders The receiver also filed three reports, one each from the months of July, August and September. In July the reports said the assets and lia- the expenditures came to $668.73. The assets and liabilities in August were given at $248,917.11 and the expenditures at $126.50 The assets and liabilities of September came to $249,000.44 and the expenditures totaled $118 The receiver also asked and received approval of the allowance of three claims by Caroline Baumgart for $3, James Donovan for $56.24, and Eugene McPherson for $25. The claimants waived rights to participate in past dividends, one and two. The receiver's bond lately was cut from $75,000 to $35,000.
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BANK RECEIVER ASKS PERMIT TO DEPOSIT $24,000 H. E. Longmaid, receiver of the Farmers and Mechanics State bank, asks permission to deposit $24,000 in a bank for six months, in petition filed in district court. He sets forth that al. though judgment has been returned in district court in favor of the bank in the suit of the Helena Auto Finance corporation which sued for $22,000, it is understood that an appeal is to be taken. A suit is pending In which Mrs. Clara Abrahamson asks a judgment of $1,500.