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Bank Suspension Due To Hail Damage, Claim Special to The Billings Gazette. Roundup, June 30—It is reported here that the failure of the Lavina State bank, which closed its doors Wednesday was directly due to the depreciation in the value of securities held for
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FURIOUS HAIL STORM CAUSES BANK'S SUSPENSION The failure of the Lavina State bank at Lavina, Golden Valley county, which closed its doors June 27, is reported to have been due to the depreciation in value of securities held for loans which was caused by damage done to crops in that section by the hail storm of last Sunday. D. W. Slayton is the president of the Lavina bank. It is understood that arrangements were under way for the further financing of the institution and were about completed at the time the hail storm struck the southeast bench and totally destroyed crops in that locality. It was stated in Roundup that the closing of the Lavina State would not affect the plans for the reopening of the Citizens State Bank, Mr. Slayton's assessment for the latter having already been paid over to the state bank examiner.
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RECEIVER VANANDA BANK E. A. Cornwell of Forsyth, has been appointed receiver of the Vananda and Lavina State banks.
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CONTRACT WITH W. A. PENNINGTON DECLARED VOID ENFORCEMENT FUND OF $800 ALSO SAID TO HAVE BEEN ILLEGALLY WITHDRAWN State Examiner's Report Says County Attorney Should Make Restitution—Report Discloses Musselshell County Has $278,930.90 in Closed Banks.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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On Saturday Judge George A. Horken, judge of the fifteenth judicial distrist, got busy with his official ax. He let out Receiver John Oliver of the Citizens State Bank. Also let out Receiver Lukes of the Melstone State Bank and turned that bank over to Receiver Cornwell of the Vananda and Layina banks. The court also appointed Lou Jacobson, former casbier of the Vananda State Bank, as receiver of the Bank of Commerce to succeed Receiver Calvin who resigned. Judge Jeffries, upon taking up the judicial duties of the district, sent our old time friend "Jake" back to his War Finance job in Helena and will appoint another receiver for the Bank of Commerce. It is also pretty well understood that Senator John Oliver will be re-instated as receiver of 'the Citizens State Bank. Just what disposition will be made of the Melstone, Lavina and Vananda situations is hard to say. It looks to a man up a tree, as if the new judge was going to be judge.
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Named Bank Receiver E A. Cornwell of this city, has been appointed receiver of the Melstone State bank, succeeding C. N. Luke of Miles City, resigned. The appointment was made by District Judge George Horkan on his last day on the bench. Ed is also receiver of the Lavina State bank.
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Local prices prevailing the local market yesterday were follows: Dark Get your used auto Northern Spring parts at $1.55 Roundup Auto Supply Northern Spring 1.46 Co., opposite depot, Dark Hard Winter Hard Winter 1.46 Durum Duncan was appointed justice 1.19 the peace township Oats, 1.60 the regular meeting of the board commissioners this week and daughter was born Christon Campbell was named as mas eye to Mr. and Mrs. Walter Tillman of Shelby, according to word Fresh eggs, this week, 45c per doz. here. Dr. K. MacDonald, dentist, building, December gave five inches of snow tfc. The will meet with Mrs. Swingle next Friday, Jan. 15, at George Stephensen, well known clear days, nine partly clear rancher of Broadview country eight cloudy during the month, The in Roundup on business. highest temperature reading was 61 December and the lowest 11 be For warm, furnished rooms. 723 First east, Tel. McCormick this week has on display in his stock room milk ing machine which can operated either by electricity or gasoline pow the first of its kind to be shown in Roundup and is attracting dairy farmers who realize its simplicity and labor saving. Steam heated rooms with bath, Maryland Apartments. What might have been very seriaccident happened at the Klein crossing Sunday when an unknown driver stopped his car, with the motor running, close to the track when train was passing. In some manner, his foot slipped from the clutch and the car against the train. No one was injured but the front of the car was badly damaged. Stoves at bargain Shaw and Mrs. H. Marshall and son had the novel experience in Europe of making the trip from London to Paris by aeroplane, according to word received in Roundup this week by M. Jacoby from Mrs. Jacoby and Miss Marie. After sightseeing trip of southern France the shalls left for Italy where their names were noticed by Mrs. Jacoby on the register in the Rome office of the American Railway Express company was but short time after when they met each other at the postoffice and happy greetings were extended. The Marshalls expect to return to Roundup after tour of Italy and other European countries. Tom Smith of Number Three received the radio given away by the public library board, tickets for which were sold as follows: By Mrs. Paul Lapina and Mrs. MacDónald. 119, Twanet Cherry and Judith Belden, 11, $5.50; Mrs. H. Johnston and Mrs. MacDonald, 13. $6.50; Mrs. R. Sproul Mrs W R. Evans, 21, $10.50; Mrs. Arch Swingle and Mrs. Pingree 15, $7.50; Mrs. Sarah Pilch and Miss Grace Simpson 10, donation, cents; total of $95.30. The brary board extends vote of appreciation to Who's Allen for donating the radio, to the Roundup Drug company for displaying it, and to all who so generously helped. Notice of meeting stockholders tist church together the Lincoln Oil to company department thereof held in the Bushnell hall on Friday, sent out sent out store Saturday, open the Wrecking day, Jan. Subject, "Child portant business to Spain's Grocery, phone 43c Furniture and of inch of rainfall in the district, according the monthly report of Balgord, operative observer United the Peace States weather There were and plea of guilty state gambling law low December Dr. Vedova, Dentist, 110 PapLoucas Bldg., Roundup, Mont. State examinations for seventh and eighth grade pupils will be given in the court house January 21 and 22. according to announcement by Miss Marie Erdahl, superin president, Under recent ruling by vice president; Mrs. the state board of education all pup secretary and Mrs. ils in the eighth grade must take the ald, state examination before entering high school. Get Nitro your Fresh eggs, this week, 45c per doz. Spain's Grocery, phone 248. 43c Petitions asking to sell at public auction all remaining assets of the Lavina State bank, which closed its doors in 1923, were filed in district court of Golden Valley Ryegate Cornwall, the bank's receiver, The bank has not yet paid any dividents to general creditors. January 21 was set as day for hearing on the petition by Judge Jeffries. 25 pounds sugar, with every $5 purchase of groceries. 100 lbs, with $10 purchase groceries East Side Grocery fine of $25 was imposed upon Albert Wooten. alleged to having disturbed the peace in the Central room. ing house New Year's eve, when he was brought before Justice of the Peace R. this week by Chief of Police Wm. Drummond. Upon complaint by his wife John Thomas was brought into police court and was fined $10 for drunkeness and dis orderly conduct. An automobile smashup which could have resulted more seriously occured on the No Three road Thursday last week when the cars of Donald Cook and Huppe oposite directions scraped each other damaging both machines but leaving the drivers uninjured The Huppe car lost its front wheel while the Cook stripped of fender and running board and also damag ing the front collision causing considerable damage to both machines and the occupants of Gilbert Jackson's car who Harrison Mast, Marvin Nessl and Merrill Langness, occurred last Thursday night, when is alleged that Joe Skantel run his auto into the former's car standing near the pavement on the west end of first avenue, Nessl and Langness were the more unfortunate ones in the perience, suffering injuries requiring medical attention, while Skantel unhurt. Young people of the Congregational church circle and their friends enjoyhobo party New Years' Eve Houses where the hobos were ceived and entertained during the evening until the ushering in of the New Year were those of Mr. Dye, Mrs. Henninger, Mr. Belden, Mrs. Carl Thompson and Zoller. New members were received into the organization special candle lighting service and consecrations meeting Sunday ning. State Grand Worthy Matron Mrs Mary Brown of Bozeman with Past Grand Matron Mrs. Roundup, acting as grand marshal conducted the annual installation officers of Jewel der of Eastern Star, at meeting held in the Community Tuesday night, December 29. Refreshments served at the program. They Worthy matron, Mrs. Hazel Dearborn: worthy patron. Ralph Sproul; assistant matron, Mrs. Althea Maris; secretary, Mrs. Alice Sproul; treasurMrs. Nellie conductor, Ruby Liggett. assistant conductor, Mrs. Elizabeth McNaught; lain, Mrs. Cleo Belden; marshal, Mrs Kate Lapina; organist, Mrs. Mabel Van Hise; Adah, Mrs. Fern Mercer; Ruth, Mrs. Hattie Cook; Esther, dred Zoller: Martha, Irene Beever; Electa, Mrs. Hazel Spain; warder, Mrs. Florence Herzog, sentinel, Geo of
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John and WIII Maxey have set machinery to pumping out the old Black mine a quarter mile west of Chimney Rock on the road to Hoffman. They have been erecting new buildings and they are using the coal they bring out to run their engine and in their homes. The coal is equal to the Chimney Rock coal which won the state premium some years ago according to Mr. Allen. The Maxeys expect soon to place their coal on the market. E. A. Cornwall, receiver of the Lavina State bank, has filed a petition In district court at Ryegate asking for permission to sell at public auction all the remaining assets of the defunct bank under his charge. Judge G. J. Jeffries has set January 21 as a day for the hearing on the petition. It is anderstood that this is the first step in closing the receivership. The bank closed during the summer of 1923 and has not as yet paid any dividend to general creditors. D. W. Slayton of Lavina was Its president.
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John and Will Maxey have set machinery to pumping out the old Black mine a quarter mile west of Chimney Rock on the road to Hoffman. They have been erecting new buildings and they are using the coal they bring out to run their engine and in their homes. The coal equal to the Chimney Rock coal which won the state premium some years ago according to Mr. Allen. The Maxeys expect soon to place their coal on the market. E. Cornwall, receiver of the Lavina State bank, has filed petition in district court at Ryegate asking for permission to sell at public auction all the remaining assets of the defunct bank under his charge. Judge Jeffries has set January 21 as day for the hearing on the petition. understood that this is the first step in closing the receivership. The bank closed during the summer of 1923 and has not as yet paid any dividend to general creditors. D. W. Slayton of Lavina was its president.