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RANKIN TO RENEW PLEA FOR BANK RECEIVER Helena, May 10—Attorney General Wellington D. Rankin received from the superintendent of banks, L. Q. Skelton, Wednesday, a statement of the insolvency of the Banking Corporation of Montana and he immediately began the preparation of a supplemental complaint to meet the requirements of the Montana banking act to bring about the appointment of a receiver.
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Bank Receiver Appointed. HELENA, Mont., May 15.—Claude C. Gray, chief clerk for the collector of internal revenue here, was appointed today by Judge Poorman to be receiver for the Banking Corporation of Montana. Mr. Gray's salary is fixed at $500 a month and his bond $100,000. The banking corporation closed its doors May 1.
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HELENA MAN NAMED AS BANK RECEIVER By the Associated Press. Helena, May 15.—Judge W. H. Poorman, in the district court today, named Claude C. Gray, chief clerk in the office of the internal revenue collector here to be receiver of the Banking Corporation of Montana. The appointment of Mr. Gray came after the filing of an amended complaint by the attorney general on Monday afternoon. Judge Poorman fixed the salary of the receiver at $500 per month. The receiver must furnish a bond in the amount of $100,000.
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GRAY IS NAMED BANK RECEIVER Helena, May 15.—Claude C. Gray chief clerk for the collector of internal revenue here, was appointed Tuesday by Judge W. S. Poorman to be receiver for the Banking Corporation of Montana. Mr. Gray's salary is fixed at $500 a month and his bond at $50,000. The banking corporation closed its doors May 1.
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NAME MONTANA BANK RECEIVER Helena, Mont., May 17.—Claude C. Gray, Chief clerk for the collector of internal revenue here, was appointed today by Judge W. H. Poorman to be receiver for the Banking Corporation of Montana. Mr. Gray's salary is fixed at $500 a month and his bond $100,000. The Banking corporation closed its doors May 1.
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Receiver Directed to Sue for Liability Bank Stockholders Helena, July 26.—Claude C. Gray, receiver of the Banking Corporation, is directed to collect on the stockholders' liability due the creditors of the defunct bank to the extent of the stock of each stockholder in the bank at the par value thereof, in addition to the sums invested in the said stock, in an order entered today by Judge A. J. Horsky in the state court. When necessary to recover on stock of this bank, the receiver is authorized to institute suit in the court of any county in Montana.
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Sues Bank Receiver on Check Deposited on Day Bank Closed (Tribune's Helena Bureau) Helena, Aug. 1.—Suit has been instituted in the district court of Lewis and Clark county against the Banking Corporation of Montana and Earl H. Gray, receiver, to set apart the deposits received by the bank on the last day it remained open, May 1, and to have this set aside as a trust fund. The action was instituted by Edward G. Twoomey, as counsel for George W. Ascough, of Helena, who, on May 1, deposited a check for $75 drawn upon the Union Bank & Trust company by which the sum was paid to the now defunct bank. In his complaint Ascough charges that the bank was insolvent and known by the bank officials to be insolvent for several days prior to the date of its closing, May 2.
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Helena, Mont., Wednesday, Jan. 23. L. Q. Skelton, state bank examiner and a director in the defunct Banking corporation here, was arrested yesterday together with several other officers and directors of this bank under indictments returned by the grand jury to Judges W. H. Poorman and A. J. Horsky in the district court. CASTEEL IN LOS ANGELES JAIL George W. Casteel, who was president of the Banking corporation at the time it was closed on May 2, 1923, and for some time previous to that date, was arrested in Los Angeles, where he is held in jail in default of bond of $8,500, according to advices from there last night. Casteel is under four separate indictments. The directors and officers of this bank who were under arrest up to a late hour last night, are the following named: ARRESTS EFFECTIVE George W. Casteel, president and director, now in Los Angeles. L. Q. Skelton, a director of the bank, Helena. Fred Naegle, president of the Naegle Printing company, and a director of the bank, Helena. F. S. P. Lindsay, a former mayor (Continued on page eight)
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FORMER CASHIER IN HELENA TAKEN Los Angeles Police Arrest O. A. Tweed on Embezzlement Charge From Montana. By The Associated Press. Los Angeles, Jan. 25.—O. A. Tweed, former cashier of the Banking Corporation of Montana, was arrested by deputy sheriffs here today on a telegraphic warrant from Helena charging him with receiving deposits in an alleged insolvent bank. George W. Casteel, former president of the bank, was arrested here Tuesday and is being held in the county jail in default of $8,000 bail. George L. Ramsey Surrenders. By the Associated Press. Helena, Jan. 25.—George L. Ramsey, former speaker of the Montana legislature and former president of the Banking Corporation of Montana, surrendered himself yesterday to the sheriff of Cochise county, Arizona, at Tombstone, according to Lester H. Loble, his attorney here. Ramsey, who was fiscal agent of the Central Copper company after leaving Montana, was indicted by a district court jury on a charge of accepting money for deposit at time when he knew or had reason to know the bank was insolvent. L. Q. Skelton, state superintendent of banks of Montana and four other directors of the bank were indicted with Ramsey and have been arrested on this or other charges. After talking with Ramsey by telephone, Loble offered a bond of $5,000 for Ramsey in the district court here. Harold O. Mead, assistant cashier of the bank, was placed in custody here today and gave bond. Governor Dixon yesterday issued requisition papers for George W. Casteel, who is under arrest in Los Angeles.
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MONTANA A News Review of the State SORORITY GRANTED NATIONAL CHARTER BOZEMAN.—The Zeta Kappa women's fraternity of Montana State college has been granted a national charter and will be installed as Delta Gamma chapter of Alpha Gamma Delta. The Zeta Kappas were organized five years ago as a local and its members have taken an active part in all phases of women's activities. Alpha Gamma Delta fraternity was organized at Syracuse university in 1904. It now has 30 chapters. LIVINGSTON JAIL IS TENANTLESS 30 DAYS LIVINGSTON.—"There hasn't been a soul in the city jail for more than a month," declared O. T. Ragland, police judge. In December there was but one arrest and that man, who was accused of disobeying a minor city ordinance, forfeited his bond. It is the first time in four years, at least, that Livingston's jail has been empty more than 30 consecutive days, according to Mr. Ragland. ACCUSED BANKER SPENDS THE NIGHT IN JAIL CELL HELENA.—George W. Casteel, president of the Banking Corporation of Montana when it failed, pleaded not guilty to violation of the state banking laws, when arraigned Monday. A similar plea was entered by C. A. Tweed, former cashier of the bank, with whom Casteel was brought back from California Sunday night. Tweed managed to obtain bail immediately on arrival here, but Casteel was compelled to spend the night in jail. He said he did not know whether he would be able to obtain bonds. "That," he added, "depends on my friends." UNIDENTIFIED BODY IS FOUND IN COULEE SIDNEY.—Mystery surrounds the identity and manner of death of an unidentified man whose body was found by Tom Rice in a coulee about four miles from Sioux pass, near here. Though the body was badly mutilated by exposure and by animals, Sheriff O'Brien and Coroner Combs, who visited the scene after the find was reported by Mr. Rice, say that there are means of learning the general appearance of the deceased. They say the body had lain in the open for about a month. Authorities are working on the theory that the victim had lain down during a snow storm and had frozen to death. OIL RIG IS DESTROYED BY OVERHEATED STOVE HARLOWTON.—The Big Elk Oil rig southwest of here burned to the ground, the crew having just finished the night shift, and being at the bunk house at breakfast when the fire was discovered. The bunk house is situated about 150 yards from the rig and it could not have been more than 15 minutes after the departure of the crew, according to E. S. Churchwell, manager of the company, when the derrick house was discovered enveloped in flames. The origin of the blaze is thought to have been from an over-heated stove. The fire quickly spread to the huge 72-foot derrick, the supporting timbers of which were soon eaten through by the flames, and the superstructure toppled with a crash. CASH SHIPMENT DELAY CLOSED FERGUS BANK LEWISTOWN.—Delay of 24 hours at Great Falls in a shipment of currency dispatched from the reserve bank at Helena to the Empire bank at Lewistown forced the Fergus institution to close Saturday, officials of the bank announced. Arrangements had been made to meet the usual heavy payroll disbursement on Feb. 1, with a consignment of $200,000 in bank notes from the Helena bank. Depletion of the cash reserve necessitated payment of several checks in silver, caused rumors which resulted in a heavy run and the subsequent closing, officials stated. Officials stated Sunday night that the finances of the bank were sound and that plans were being made for a speedy settlement. BOY CAUGHT IN SPREADER CYLINDER SERIOUSLY HURT GREAT FALLS.—Carl Sanders, aged 7, is at the Deaconess hospital, suffering from severe injuries sustained Saturday when he was caught in the cylinder of a manure spreader driven by his father, John Sanders, a farmer near Belt. The boy was seriously cut and bruised about the head and body, but no bones were broken. He is expected to recover. According to the account of the accident received at the hospital, the father was unaware of the son's presence about the machine until after the lad had been entangled in the cylinder. When the machine was started the father noticed that the cylinder was not working properly, but he thought it was obstructed by a piece of ice. Continued efforts to make the machine work were without result and Mr. Sanders stopped the team and went back to examine the cylinder. He found the boy caught in the spikes of the cylinder, badly injured. TAX PAYMENT HALTED BY BANK FAILURE IN COURT FORSYTH.—A suit to enjoin Rosebud county from selling land belonging to the J. E. Choisser estate for delinquent taxes has presented a real problem of law. Mrs. Choisser, as executrix of the estate, had paid the taxes Nov. 30, and had also paid several other taxes on other lands on the same day. The taxes were divided into four payments, all being paid by checks on the Bank of Commerce. Three of the checks passed through the bank and were cleared, but the check on which suit was brought was deposited in the bank Dec. 11, two days prior to the closing of that institution. The check was written for the amount of $281.87. At the time the check was deposited by County Treasurer G. G. Davis, the Bank of Commerce had a trustee fund and checks were held in trust until Dec. 13, when the bank became insolvent and closed and the check was returned to the county treasurer.
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Grand Jury Reports No More Indictments Helena, Feb. 23.—(By The Associated Press)—Final reports was made Saturday by the district court grand jury which has been in session several weeks. No additional indictments were returned and the report exonerates all county officers of wrong doing. The grand jury indictments previously returned involved principally directors and officers of the defunct Banking Corporation of Montana, of which L. Q. Skelton, state superintendent of banks, was one.
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BANK'S RECEIVER ADMITS OPENING CASTEEL LETTERS Helena, March 20.—Admissions that personal letters to President George W. Casteel and Cashier H. O. Tweed were opened after he became receiver of the defunct Banking Corporation of Montana, were made by Claude C. Gray during the hearing Thursday of the case against Casteel on charges of violating the state banking laws. Gray admitted also that the bank received the money for the sale of Sturrock Heating and Plumbing stock which the indictment charges was kept on the books as an asset of the bank until the time of its closing May 2. **
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CASTEEL ACQUITTED FOURTH TIME IN HELENA BANK CASES For the fourth time in the past month, George W. Casteel, president of the defunct Banking Corporation of Helena, was found not guilty of the charges brought against him the last being a larceny charge. Casteel is still in jail awaiting the trial of the fifth and last charge, that of accepting money as a general deposit, instead of a trust, when he had reason to believe that the bank was insolvent.
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# STATE CAPITOL The Stanton Trust and Savings Bank of Great Falls is entitled to receive $8,574.88 now held as a special deposit by the receiver of The Banking Corporation of Montana under an opinion handed down in the supreme court which directs the district court of Lewis and Clark county to make an order directing the receiver to pay this sum over to the Stanton bank or its representatives. This claim grew out of the closing of The Banking Corporation, a Helena concern, and resulted in the filing of an action in the district court of Lewis and Clark county by the receiver of The Banking Corporation against the Federal Reserve bank of Minnesota, to recover the above sum which he claimed was the property of the insolvent bank and was being wrongfully withheld from him. Bad weather during the latter half of September, when several heavy snows and rain storms were experienced causing the roads in many parts of the state to be virtually impassable, prevented threshing and marketing of Montana wheat to the extent that shipments for the month fell off 2,767 carloads from those of the corresponding MARRY IF LONELY: Join "The Successful Correspondence Club." Reliable; descriptions free. Box 556. Oakland, Calif.
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IN THE GHT LIMI F P.J. Wallace and and to and pert of paragraphs Things by Great pertinent Pertaining Events small Concern. RECEIVERS are a type very of BANK crows who have become carrion in Montana during the past They the common years. predesessors, usually disapate four their the of the assets They make the of banks. bankers, what ever left last 10 of job up" a bank fat years of "winding which they live on the unduring and the money of the the depositors. Very many their of not satisfied fortunate land are with forms them but indulge in various of salaries graft such as selling property a of banks cheap and taking closed commission from the buyer. A3 there of choking a cat without of butter there are of looting the many use ways ways the assets also the of bank without a know. Some public many closed receivers letting that they ply their trade so successfully, few show evidences of wealth in a after receiving their apI have in one who was a months ceiver pointment. struggling mind hard- Rewhen he was of a closed bank a charge ware clerk thru but the in put coun- few in he swanked a brand new months try in Hudson of super-six this colthe readers will learn the story Some umn day riches of and how then he acquired his sudden something will happen to a lot of pillars of respectability in a short time. DESPITE the fact that most bank are of the same receivers their species of the burglar family as prebehind the many are paying of decessors closed banks wickets dividends to thirty per cent of year. ferent from ten parts Montana this Corpora- in difThe of the Banking tion of story Montana, pubished in in this point. issue of the News is a case This may be due to the honesty of the Receiver but I think the deposare now a comthey itors in appointed Helena depositors' mighty glad mittee when this institution first closed its doors. Frank Edwards was chairman of the first Depositand most will concede positors ors Committee that, due of the to the deafter was start, way he much looked skulduggery things at elim- the inated and the receiver was helped in his effort to be honest. The depositors in the closed banks in Sheridan county seem to be the most unfortunate individuals in the state. In most instances the Receivers in this county haven't given them a pleasant look much less a dividend. not for a Maybe Depositors' it would Committee be out of to place look into various some banks of here. the affairs In the of short the time Mr. Fred Ibsen has been Receiver he has collected a lot of money. He got over $5,000 in one haul a would for oblige a bank building. curious public Mr. Ibsen by telling money and them what where he he intends keeps to this do with it. If Mr. Ibsen finds it difficult to follow the example of other Receivers in Montana who are deand to some claring the depositors dividends of giving the money back stolen from them, perhaps a Depositors committee would help him. A little dividend now would help many hard up people, who could use the money as well as Mr. Ibsen. We do to cast on of we not the wish integrity Mr. any Ibsen reflections but too much in the venture believes the that opinion that money the public hands of receivers is or "divid of their own ing desirable up" and that money not a little necessary amongst the depositors of closed banks is now in order. * BABBITS IN STRAW HATS is a headline of an editorial in the Cut Bank Pioneer Press which reads as follows: "Great Falls is maintaining is reputation as the silliest town in Montana. It has a half dozen
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# NOTICE OF APPLICATION FOR TAX DEED To Joe B. Wills, Receiver of the Montex Corporation; a corporaion, 506-7 Burk Burnett Bldg., Fort Worth, Texas; Fred Klein and Elizabeth Klein, of Sheboygan, Wisconsin; and Claude C. Gray, Receiver of the Banking Corporation of Montana, a corporation, of Helena, Montana; You will please take notice that the following described property, situated in the County of Carbon, State of Montana: West half of the northeast quarter; southeast quarter of the northeast
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NOTICE OF APPLICATION FOR TAX DEED To Joe B. Wills, Receiver of the Mon- tex Corporation; a corporaion, 506-7 Burk Burnett Bldg., Fort Worth, Texas; Fred Klein and Elizabeth Klein, of Sheboygan, Wisconsin; and Claude C. Gray, Receiver of the Banking Corpora- tion of Montana, a corporation, of Hel- ena, Montana; You will please take notice that the following described property, situated in the County of Carbon, State of Mon- tana: West half of the northeast quarter; southeast quarter of the northeast
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NOTICE OF APPLICATION FOR TAX DEED To Joe B. Wills, Receiver of the Montex Corporation: a corporaion, 506-7 Burk Burnett Bldg., Fort Worth, Texas: Fred Klein and Elizabeth Klein, of Sheboygan, Wisconsin: and Claude C. Gray, Receiver of the Banking Corporation of Montana, a corporation. of Helena. Montana: You will please take notice that the following described property. situated in the County of Carbon, State of Montana: West half of the northeast quarter; southeast quarter of the northeast