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RUN FORCES MONTANA BANK TO CLOSE DOORS TUESDAY HAVRE, Mont., Jan. 22.—Officials of the Security State bank, of Havre, announced that the bank would not open today. Steady withdrawals of funds brought the decision to close the institution, it was announced. The bank's statement of December 31, last showed approximately $750,000 in deposits. This amount has been reduced to about $600,000, officials said.
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RUN CLOSES BANK. Helena, Jan. 22.—The Security State bank, of Havre, which closed its doors Tuesday morning, according to L. Q. Skelton, state superintendent of banks, had footings of approximately $1,000,000. Other than that the closing was forced by a run, nothing is known at the state department as to the condition of the bank, Skelton stated.
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HAVRE MEN GET BEHIND LOCAL BANK Following a meeting of business and proffessional men at the Elks club yesterday afternoon, adopting a suggestion of F. A. Buttrey, most of those present went to the Montana National bank and if not depositors opened up an account. The meeting went an record as believing strongly in the stability of the only remaining bank in Havre and every member of the Kiwanis club, of the Rotary club and most of those present present pledged their support to the bank and agreed to open up an account. A committee was also appointed to visit the railroad yards and shops and local business houses and explain the strength of the institution, as well as the necessity of maintaining a bank in Havre. The meeting was called through the efforts of a committee headed by Mr. Buttrey and was a result of the closing of the Security State bank and the starting of a small run on the Montana National bank. However, this run did not amount to much as only 39 accounts were closed and many times that number were opened by new customers during the day.
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Security State Bank of Havre Closes Doors (Continued from Page One) the directors of the bank to State Superintendent of Banks L. Q. Skelton. No statement of the financial condition of the bank was made yesterday by deputy examiner or by the officials and it will be several days before a complete examination of its affiars is finished. The action of the officials of the bank followed a series of heavy withdrawals, amounting to about $106,000 last week, and was taken to protect the interests of the depositors. The statement of the bank made at the time of the last call, December 31, 1923, showed footing of $952,995. 81, with deposits aggregating $753, 691.30. Officials of the bank and those who had looked into its paper yesterday were optimistic as to the condition of the bank and expressed the opion that the examination would disclose it was solvent. There was talk of an affort to reorganize and reopen it and also liquadating and the appointment of a receiver. It was said that the officers of the bank felt that the continual drain that is being madé through deposits placed with the government made it advisible to close. Attorney Arthur Le Sueur left for St. Paul Saturday.
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SECURITY STATE BANK OF HAVRE CLOSES DOORS Pioneer Banking Institution Suspends as Result of Series of Heavy Withdrawals Lessening Deposits. Officers of the Security State Bank of Havre yesterday morning posted notice that the bank was closed and its affairs were placed in charge of George W. Graff deputy state bank examiner, sent to Havre on request of (Continued on page 8)
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TELEGRAMS. ST. CROIX STATION. Chicago, Jany. 22nd -With the list of bank failures in the Northwest swelled during the last two days by forced closures, representatives of the financial powers of the United States Government named by President Coolidge, are holding conferences here designed to bolster the credit of the Northwest. Pwo Montana banks decided to close their doors today. At Havre, the security bank of Havre, with approximately $750, 000 in deposits, was forced to close because of heavy withdrawals, and the Stockmans National Bank of Fort Benton was placed in voluntary liquidation by the stockholders. The Fort Benton Bank had been in business forty-four years. Two banks in South Dakota closed yesterday due to withdrawals. They were the International State Bank of Sioux Falls, and the Western National Bank of Mitchell, the former having deposits of $1 300,000 and the latter $425,000. About twe ve banks have closed in South Dakota since January 1st, because of depleted reserves. The youngmens Booster Association, the largest businessmens organization in Sioux Falls. after a meeting last night, at which the banking situation was considered. passed resolutions declaring the complete financial ruin in South Dakota is likely, unless there is immediate relief from federal and other outside sources. Paris, Jan. 23rd. - The controversy between Great Britain and France, concerning the operation of the railways in the Rhindland appears to be reaching an acute stage. The British complain that the French and Belgians are operating
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TALK OF LABOR BANK IN HAVRE There are reports here that an effort is being made to establish a labor bank in Havre. The railroad labor organizations have successfully established a number of banking institutions in different parts of the country and recently entered the Montana field at Three Forks. The bank situation at Havre has quieted down after the excitement of last week. The activities of the business men in securing support for the remaining bank there put a stop to a threatened run and no further trouble is feared. There is talk of attempting to reorganize and reopen the Security bank which was forced to close there.
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RECEIVER ASKED FOR KREMLIN BANK Action was started in the district court yesterday by the State of Montana looking toward the appointment of a receiver for the Farmers State bank of Kremlin. In the Action Attorney General Wellington D. Rankin and County Attorney A. F. Lamey represent the state. The action is taken in compliance with provisions of the statute, the bank having suspended at the same time as the Security State bank of Havre. Twenty days is allowed in which the stockholders may answer the complaint.
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RECEIVER ASKED FOR THE KREMLIN BANK (Havre Promoter) Action was started in the district court yesterday by the State of Montana looking toward the appointment of a receiver for the Farmers State bank of Kremlin. In the action Attorney General Wellington D. Rankin and County Attorney A. F. Lamey represent the state. The action is taken in compliance with provisions of the statute, the bank having suspended at the same time as the Security State bank of Havre. Twenty days is allowed in which the stockholders may answer the complaint.
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RECEIVER ASKED FOR KREMLIN BANK Action was started in the district court yesterday by the State of Montana looking toward the appointment of a receiver for the Farmers State bank of Kremlin. In the Action Attorney General Wellington D. Rankin and County Attorney A. F. Lamey represent the state. The action is taken in compliance with provisions of the statute, the bank having suspended at the same time as the Security State bank of Havre. Twenty days is allowed in which the stockholders may answer the complaint.
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Receiver Asked For Bank at Kremlin Havre, March 1.— Action has been started in the district court by the State of Montana looking toward the appointment of a receiver for the Farmers State bank of Kremlin. In the action Attorney General Wellington D. Rankin and County Attorney A. F. Lamey represent the state. The action is taken in compliance with the provisions of the statute, the bank having suspended at the same time as the Security State bank of Havre. Twenty days are allowed in which the stockholders may answer the complaint.
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ASK BANK RECEIVER. Havre, March 1.—Action has been started in the district court by the State of Montana looking toward the appointment of a receiver for the Farmers' State bank of Kremlin. In the action Attorney General Wellington D. Rankin and County Attorney A. F. Lamey represent the state. The action is taken in compliance with provisions of the statute, the bank having suspended at the same time as the Security State bank of Havre. Twenty days is allowed in which the stockholders may answer the complaint.
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to TO REHABILITATE d SUSPENDED BANKS & Drg FIRST AID OF AGRICULTURAL le FINANCE CORPORATION TO n GO TO FAILED BANKS 1Where Institutions Are of Reasonr able Degree of Solvency; Assistance Said to be Forthcoming Im1e mediately. 1Re-establishment of suspended banks at Lewistown, of the Security d State bank of Havre, and of suspended solvent banks in other parts r of the state will be the immediate objective of the Agricultural Finance Corporation in Montana, with attention to be given in due season to the assistance of men engaged in various e lines of agriculture. e Announcement to that effect was made by Sam Stephenson, chairman 1 of the corporation's Montana committee, upon his return from Minneapolis, where he attended the conference called by C. T. Jaffray to formulate plans for applying the organizations program in the northwest. Mr. Stephenson's announcement was a confirmation of the report received last week that a major aim of the corporation would be to re-establish to suspended solvent banks where such action could be consistently taken. Immediate Action i Mr. Stephenson anticipates immeS diate action by the corporation and he finds encouragement in the fact V that Twin City men who compose the p central body of the organization are t determined to make of it an instrua ment of genuine relief. In a prepared statement, Mr. Stephenson T thus set out the aims of the corporaie tion: V "I have just returned from Minnto eapolis, where I attended a meeting I called by C. L. Jaffray, chairman of a the board of directors of the recently 1 organized Agricultural Finance cork poration. "I was greatly pleased to learn of m the progress that has been made in 0 perfecting a working organization. The executive committee, upon whom the work will largely fall, is made th up of executive heads of the various Twin City banks, all of whom I know 00 personally to be men who do not unsa dertake a job without intending to 0 do their work effectively. Plans Perfected po se "Plans have been perfected wherecc by assistance will be given forthwith to various solvent banks in the northsu west that find themselves in need of th assistance at the present time; and 27 within the very near future the ased of this cornoration will be
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BANKS REOPEN AS BUSINESS REVIVES AND CROPS LOOM With a bounteous crop in prospect, a business revival in sight and confidence returning to panicky depositors since the epidemic of bank suspensions has past, bankers and business men throughout the state are at work with renewed energy in the reorganization and reopening of many of the unfortunate institutions, says the Montana Banker. At Havre, the reorganized Security State Bank is to open for business the latter part of July under the name of the Hill County State Bank. The Farmers and Merchants Bank of Winnett has just begun business, succeeding the Winnett State Bank. The committee working on the reorganization of the Commercial National Bank of Miles City announces positively that the program will proceed and that the bank will open in the coming fall. The reorganization of the American Bank and Trust Company of Missoula is proceeding rapidly. A committee has been named to carry on the work and frequent meetings of depositors are being held. Efforts are being made to secure sufficient agreements to enable the First National Bank of Polson to reopen by September 1. A plan for the reopening of the State Bank of Culbertson, whereby the new bank will begin without a penny of borrowed money, has been presented to depositors.
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Advertisements Legal SHERIFF'S SALE NOTICE OF the State Monthe Judicial County of Hill. and for the tana, Plaintiff, Emery E. Barrows Gillespie, and Sinclair Adella Barrows, Company, his wife; John as Receiver Corporation Sinclair Company, of John Bank of Box Security State E. Brown State Bank Security Receiver St. AnBox thony Dakota and Hewson, Sheriff's Sale, at be at house front door of Hill city of March, D., the 11th day of day, all o'clock interest of the right, title defendants and in and to the real Montana property situated in Hill of Section FourQuarter Thirty North, Eleven East, M. Range 3rd this Dated day of TIMMONS, Sheriff, Hill County, Under Montana. Sheriff. E. Plaintiff's attor Albert Anderson, ney, Billings, (2-5-25) No. 11113 ALIAS SUMMONS In the District State Judicial of for the tana, Holding Company, Sinclair Josef Plaintiff, Josef or Joseph known as Margaret his of ration State Bank the State Bank the Farmers Machine Threshing porated) Gas Long Krem lin Oil Comthe Carter Jestrab pany Jestrab, the name under Jestrab De a Sinclair fendants. Montana sends greet of above named ings the each of them and to summoned to are this action complaint of of the filed Court, copy each county you reside and to wherein of you copy thereof and serve your plaintiff's attorney upon the this after the service twenty of the of servyour failure and will be taken judgment the relief default, for against demanded the to foreIn this action mortgage given close notes, said series being dated and mortgage notes said notes 1919 ruary of three hun for dred the one aggregate dollars together interest mortgage thereon being notes and Froehlich and Josef executed his wife, Margaret Sinclair Company the John which said corporation, of the plaintiff and mortgage notes holder, the legal the covering township north section Meridian the Montana of the amount to recover together of thereon and attorney's lars dollars the abstract for cost of continuing plaintiff's and title and for Seal of hand and the Witness Court this 19th day of February. GEO. W. GLASS (Seal) Ford & Eickemeyer, Building, Smith Great Falls, Montana, attor. neys for (2-19-25) fee and plaintiff's sonable attorney's this action costs and the cost contin incurred including abstract of title to uation premises. Seal of hand and the Witness Court my this 19th day of 1925. GEO. W. GLASS, (Seal). attorneys Smith & Great Falls. Montana, plaintiff, 429 Ford Building (2-19-25) ALIAS SUMMONS Town In the Justice Before B. Pyper, of the Plaintiff, George Gumbert Hell, Simmons, The State of Montana to the above greeting: summoned to appear You are W. Pyper, the Justice in and for the County the your Hill, State Montana, at my the upon of on in the City April, at 1st day said and there of the answer pear make above named plaintiff in the certain sum acof you tion $72.50, with the per pose rate June eight which alleged to from the due the and labor by plaintiff for defendant, request, June and 1920 and plaintiff of this Hill sum of to appear action; and judgment will be taken above to the against hand this 19th day that my of February, W. PYPER, Justice the Peace. Mont., attorney Max P. Kuhr, Havre, for plaintiff. (2-19-25) Northeast Quarter of Section Nineteen, quarter Thirty Thirteen East, M. Range which said note and mortgage now held and owned the fully hereall of which the verified from plaintiff on file, to which is specifically hereby my hand and the seal of 1925. this Court this 11th GEO. W. GLASS, Clerk. (Seal) Anderson, Montana. Plaintiff's Attorney, Billings, (2-12-25) ALIAS SUMMONS In the State of MonDistrict tana, Judicial and for Plaintiff, County of Hill. Shortle, vs. William know Joseph Stremcha, his and Agnes Stremcha, Bankers Holding and Invest and ment Company, M. Bolter, The Leon State of Montana defendants greet the named to to answer the are hereby this filed in the copy of is County upon and to file of thereof serve within the the of after twenty the day of to and your be answer, judgment default, for the lief against demanded the the ble certain real made by above Agnes Bankers Stremcha, his to as Investment ing the mort- office County Clerk and 15th day on Book M. said on page 245 and thereof valuable and thereafter for good course business the Holding and Invest Company signed named since been said and plaintiff has signment and holder the mort following Quarter the Quarter Southeast the Half the Southeast (S%SE%) the Section South west Quarter and the the Northwest Quarter west of Section Twelve Thirty-six all in numbered ship numbered (16) East of Range Montana Meridian, Montana according to or 320 Government Survey for the purpose the the princl inpal sum of title lis fees, filing all of which and of suit, pendens appears the plain file refertiff's which seal of the said court this 19th of January, 1925. the GEO. W. GLASS, (Seal) Hildebrand Warren, for Plaintiff, (2-12-25) untion of abstract of title to said premises. the Seal of Witness my hand and Court this 19th day of said 1925. GEO. W. GLASS, Clerk (Seal) & attorneys Smith Montana, 425Great Falls, 429 Ford Building (2-19-25) ALIAS UMMONS District the Eighteenth In Judicial the District of the State of Mon- Hill in and for the County tana Gast, Plaintiff, John Harriet Margarete Schneible, Schneible and Dickey Company, Hill County Montana, corporation the Farmers State Bradford, Bank Rudyard, Montana, and the Christ Langel; corporation Midland Bank, corpora sends The State named each of summoned to anhereby You the this the Clerk filed the office which is of served reside and any and file your attorney upon the thereof after the within twenty day your failure of will answer, judgment appear for the by default, taken against in the complaint. relief for the Said action judgment obtaining purpose the against his wife, Schneible, Hundred Nineteen with together Eight interest ($225.05) dred Twenty there taxes paid of the closing and Schneible, plaintiff and assigned Company, said reasonable the mortforeclosure all which gage, file from the The which said mortgage in as south Two (2) One and Lots of Northwest south NEW section Northwest half section quarter (35) Nine (9) East North Meridian. the Seal of the Witness my of February, 19th day Said Court 1925. W. GEO. attorneys & Church, Maddox Montana. Great plaintiff, (2-19-25)
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JUDGE ROSE OF HAVRE PRESIDES (Continued from first page) poned until the next law and motion day. Divorce A divorce was granted in the case of Wesson Murdock vs. Rosie Four Eagle Boy Murdock. Estates Henry Lowe was appointed executor for the estate of Good Walking B. Deon. In the estate of Pearl P. Pitman the court was petitioned to allow the name of Pearl P. Pitman as guardian to be changed to Pearl Pitman Watson. on the court records only. Evidence supporting the petition was in the form of a marriage certificate. An order to sell certain property of the estate of David N. Funk was signed by the judge. The administrator was directed to give additional bond of $800. Letters of administration were given to C. S. Tange for the estate of John Purvis. Bond was fixed at $500. Order Briefs In the case of H. C. Skarie as receiver of the Security bank of this city VS. J. B. Switzer and others, the court ordered both parties to submit briefs tubstantiating their respective arguments. Fails to Appear Harry Burns, whose hearing was set for this date of law and motion day failed to appear and his hearing was postponed until Feb. 9.