959401510 95940
national
7e10ee7e03f940c3Partial suspension, Full suspension, Books examined
Other: Bank placed in receivership; depositors signed waivers agreeing to leave funds for staged repayment (reorganization under receiver).
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LIBBY BANK CLOSED The First National bank of Libby closed its doors Monday and the state bank examiner is in charge. According to report from there, a heavy run resulted following rumors that the bank was unsound, and the institution was unable to withstand the heavy withdrawal of the depositors. It is expected that the bank will reopen again shortly and the affairs be adjusted. According to report, the run was entirely unwaranted.
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WAYMAN WILL BE RECEIVER OF LIBBY BANK Shelbyite Who Already Has Four North State Banks in His Hands, Receives Fifth to Liquidate. Depositors Sign Waivers. W M Wayman, receiver for the past two years of First National banks at Shelby, Cut Bank Joplin and Galata, was notified late yesterday while in Great Falls that he has been appointed by the comptroller currency receiver of the First National bank of Libby which recently closed its doors. Mr. Wayman departed immediate ly for Libby to establish temporary and perhaps permanent headquart. ers there More than 75 per cent of the depositors in the Libby bank have signed deposit waivers which permit the reorganization of the institution. Under this plan. depositors agree to leave their money with the bank for period of three years, 25 per to be paid in one year. 25 per cent more in two years and the remaining 50 per cent in three years. Mr Wayman formerly was locat. ed at Valier. where for several years he was manager of the Valier Irrigation project. His headquarters as bank receiver have been in Shelby the past two years. He was visiting his daughter, Marian Wayman. student in the Creat Falls Commercial college. when news of the appointment came
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STATE BRIEFS Albert M. Easterday, foreman of the park roads in Glacier National park, has resigned to accept a position with the state irrigation department of New Mexico. Judith Gap business men are co-operating with the Central Montana Chauber of Commerce at Lewistown in placing good grade milch cows on the farms in that vicinity. An expenditure of $500,000 on the Custer Battlefield highway in Montana next year is announced by W. D. Fisher, Mitchell, S. D., secretary of the association backing that national route. Lewis and Clark county's potato crop is worth a quarter million, according to estimates of L. G. DeVore, county agent and Tom Herrin, president of the Montana Potato Growers association. . Two hundred and seventy-five carloads of "wine" grapes, representing 3,510 tons, have been shipped into Montana during the later part of the summer and fall to date, according to shippers' figures from all over the state, compiled at Butte. + © © The Missoula Public Service company is spending $250,000 this season to add to the efficiency of its plant through improvements starting 20 miles up the Rattlesnake valley and continuing into the water main system in the city itself. © W. M. Wayman, receiver for the last two years of the First National bank at Shelby, Cut Bank, Joplin and Galata, has been appointed by the comptroller of the currency as receiver of the First National bank of Libby, which recently closed its doors. ... Production of wheat, oats and hay in Meagher county during the crop year of 1924 practically doubled that of the crop year of 1919, with which comparisons are made by the U. S. department of commerce inits afrm census of htat county for January 1, 1925. . Enrollment at Intermountain Union collego at Helena shows an increase of 22 per cent over last year. There are 25 seniors, 93 freshmen, and a total of 189 college students this year as compared to 16 seniors, 74 freshmen and a total of 158 college students last year. According to the report of C. A. Arnett, who has just completed his first month of testing for the Lake County Cow Testing association, the herd of six Holsteins owned by Lars Beck of Round Butte, had the highest butter fat production for September, with record of 38 pounds of fat. % @ After being lost for two days and nights in the mountains of the upper Bitter Root valley. Roscoe Hamm of Darby, was found about seven miles up the East Fork of the Bitter Root river. He had been without food or shelter and his feet were badly frosted, but this is thought not serious. Vernon G. Mays, principal of the Great Falls high school was reelected president of the north central division of the Montana Education association at the Great Falls meeting. J. R. Culver of Belt. reiring secretary, was chosen vice president and Miss Elizabeth Ireland of Havre, was made secretary-treasurer. Mrs. Jennie T. Duglas, at one time a teacher in the Great Falls high school, and later in Gallatin county high school, has left for a trip to Adgar, Madras, India, to attend the 50th anniversary of the founding of hte Theosop socelty, where it is expected there will be delegates from every part of the World. © Announcement has been made by Judson Bibb, manager of the Libby Water & Electric company, that his company's interests in Libby have been purchased by the Mountain States Power company, a subsidiary of the H. M. Byllesby company of Chicage. Possession of the Libby property was taken as of October 1. . Officers elected for district No. 1 of the Montana Federation of Women's clubs are Mrs. Henry Good, Whitefish, president Mrs. A. N. Tobie, Kalispell. first vice president; Mrs. C. B. Hamilton, Eureka, seTroy, recording secretary; Mrs. W. J Powers, Whitefish, corresponding secretary; Mrs. Ethel Long, Eureka, treasurer J. L. Baltazar, Great Falls policeman was named defendant in a $5,000 slander suit filed in the district court by Isabell Chumi, recently dismissed on an insanity charge brought by Patrolman Baltazar and a half a dozen neighbors. The slander ac e to tion is based on statements alleged have been publicly made by the patrolman reflecting character. on her mentality, honesty and Suit has been filed in the district court at Forsyth by Mrs. Mae Costello against No. 33 of Rosebud county to recover the sum of $668.88 with interest at 8 per cent from January 19, 1925, claimed as back salary due her as teacher in the Ingomar c public schools, together with $200 for at torney fees. Henry Youngblood, a rancher on the East Boulder, is in the Big Timber hospi tal with a holt through the bridge of his nose an dother severe injuries about his head and body as the result of a peculia P accident. Leaving his farm work he wen out to the road to help a passing friend re Lair a flat tire. Just as the repairs were made and the tire inflated, It "blew out, literally shooting the old-fashioned inne Try the New
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W. M. Wayman, receiver for the last two years of the First National bank at Shelby, Cut Bank, Joplin and Galata, has been appointed by the comptroller of the currency as receiver of the First National bank of Libby, which recently closed its doors.
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FOR WOLF COYOTE EXTERMINA them: nine coyotes one that gets night. brought Free circular NEW GEARHART KNITTING MACHINE Write Jno. Skonsales price. ord, 1101 1st Valley City, RECIPES for Milk Chocolate, Eating Chocolate and Almond Bar Easy make home Milk the nublic $1. Ro Gans, Pt. Marion. Box 838. FOR CHEAP-18 shares Silstock of Ington Fox and 400 shares Minn Silver George Farm Todd, 1102 Pacific Avenue, Ta IF HAVE ANYTHING YOU WANT sell write us and buy, tell you how get in touch with Write the do people Box 891 Great Mont. SHOOT MORE and supverything reload your and revolver cartridges. Full inform FREE circulars 50c for HANDBOOK Belding Osceola Road, Philipsburg, Pa. WATER WELLS DRILL H. Warner, Sand Springs, Mont. WILL BUY YOUR and Eggs. One thousand. Gooch Poultry Co., Butte. WE ARE IN THE MARKET every day for live turkeys, ducks and geese. Highest market prices paid Montana according Meat of arrival quality Commission day Co., Butte Montana BRIEFS STATE of the M. Easterday, foreman Albert National park, has Glacier position with resigned state irrigation to accept of New Mexico. business men are ing Judith Gap the Central Montana good in Commerce grade milch at cows Lewistown on the farms in that vicinity. $500,000 the Custer expenditure of on in Montaua Battlefield highway Mitchell, announced by backing secretary the that national Lewis and Clark county's million, according potate cro; worth quarter agent estimates of of the Montana president Tom Potato and Growers association. Two hundred and representing seventy 3,510 carloads have been grapes, into Montana during the later part of the summer and from fall to all date, over to shippers' figures the state, compiled Butte. The Missoula Public Service company add $250,000 this season its plant through provements the starting of 20 miles up the snake valley and ontinuing into the water main system in the city W. M. Wayman, receiver for the last two years the First National Shelby, Cut Bank, Joplin Galata has the been eurren- appointed by the First National bank of Libby, which of recently the closed its doors. Production of wheat, oats and hay Meagher doubled during the that the crop year 1924 1919. with which comparisons are made by the S. htat of county com census of merce 1, 1925. for January Enrollment at increase Union colHelena shows an lege last year. There are cent over total of 93 freshmen and seniors, as compared 16 college 74 this and total of 158 college students last year. A. Arnett, According to the report his first month who has Cow Testing the Lake testing for six Holsteins the herd Round Butte, had Lars Beck of owned by fat September, the highest with butter record of 38 pounds of fat. After being lost for the two days Bitter and nights Root mountains upper in the Roscoe Hamm of valley. East up found Fork the He had been without food shelter and his feet were badly frosted, but this is thought not serlous. Vernon G. Mays, principal reelected of the president Great of the north school central division at of the the Great Mon tana Falls Education meeting. Belt. reiring was chosen vice and Miss Elizabeth Ireland of Havre, was made one time Mrs. Jennie Falls high school, and Great teacher later high school, India, has Madras left for trip of the found attend the 50th anniversary of ing expected there will delegates from of the World. every part has made Jud. been Bibb. manager Libby company that his company in been purchased by States Power company the Mountain the M. Byllesby subsidiary the Libby prop of Chicage. erty taken as of October Officers elected for district No. of the Montana Federation Women's clubs are Mrs. Henry Good Whitefish, resident Mrs. Mrs. secretary Hamilton, Eureka, Mrs. tary; Mrs. Ethel Long. Eureka, treasurer J. L. Baltazar, Great Falls policeman. was defendant in slander suit filed the district court by Isabell Chumi. recently dismissed on Insanity charge brought by Patrolman Baltazar and The slander half dozen alleged to tion based on made the have reflecting on her mentality, honesty and Suit has been filed in the district court Mrs. against 33 county to the sum of $668.88 with interest per from January 19. 1925. claimed back salary due her the public schools, together with $200 for at torney fees. Henry Youngblood rancher on the East Boulder. in the Big Timber tal with holt through the bridge of an dother injuries about head and body the result peculiar Leaving his farm he SHUR- SHOT TIMER out to the road to help passing friend reflat tire. Just the repairs were The SHUR-SHOT TIMER will enable the tire inflated. out, you to get more work done with your tractor and when you save trouble you Mr. Youngblood, striking him steel rim at in the head and rendering him committee composed of Miller, John Paugh M. and Loundagin president has been of appointed the Fort Benton Commercial club to have general for the 1926 charge of the Mentana meeting oneers the which and will Daugh. Montana Pioneers held that city. Stephen Ely of Sand Coulee, elected president the Montana State Federation Labor over Patrick Lougherty of Butte, almost three to one Other named were James Ander Helena, Edward Hel vice Butte, over Levingood, Butte, secretary treasurer. Superintendent Owen Speer of Deer was president the west ern Montana at its Carver, professor of history at the State Normal college, was elected vice president: William Lowry vice dent: Superintendent Ira B. Fee of Mis. soula was elected secretary Helena was chosen as the next meeting place. Alleging he was falsely arrested Sidney on Harry H. for insanity that town but now Minneapolis, filed suit the federal court in Great Falls, asks judgment for damages George totaling $112,000. O'Brien, The sheriff Rishland Jake Obergfell. deputy of Collett, and the Casualty company, corporation.
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Taxidermy and FURRIER. Save your traps by having them mounted. H. Gundwaldson, Sandpoint, Ida.17-23 Albert Peterson of Wilbur, Wash., has been visiting during the past week with his sister, Mrs. M. W. Christle. Mrs. W. M. Wayman arrived Saturday to join her husband here, Mr. Wayman being in charge of the First National Bank as receiver. Mrs. Earl Garrett was in Bonners Ferry last week visiting at the home of her sister, Mrs. Jas. Eagan, and renewing acquaintances with old time friends. Have Your Auto Curtains Repaired. We can repair torn curtains or make new ones. Ask us about it.-Noel Shoe & Tailor Shop. 23-24 Mrs. Mary Fleek returned last Saturday to her home at Portland, Ore., after visiting several weeks in Libby and attending to business matters. If you are planning on having Christmas cards, you should place your orders now. Do not wait until the last week. See our beautiful line before ordering.-The Western News. WANTED-To hear from owner of good Farm for sale. State cash price, full particulars. D. F. Bush, Minneapolis, Minnesota. If you want a radio, write us for prices and terms. We have the world's leading makes, Zenith, Grebe, Radiolas, Stewart-Warner, Kennedy. R. L. Jones Music and Floral Co., 22-24 Sandpoint, Idaho. Will sell high grade piano, for balance of unpaid contract, at Libby on terms to suit. WRITE R. L. Jones Music & Floral Co., Phone 16, Sand22-24 point, Idaho. of the relief fund has been spent properly for disaster relief. Except for the irreparable loss of loved ones and the results of serious personal injuries the community stands restored, rehabilitated, its homes rebuilt and refurnished, the widows and orphans of the disaster provided for, farms restored, business better than before. This is a short outline of the work done by the Red Cross when disaster visits community. If you care to carry a membership in the association and thereby help in this great relief work, you will have an opportunity during the week.
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Libby Bank Reopens The First National bank of Libby, Mont., which recently went into receivership, will reopen about March 9. according to W. M. Wayman of Libby, the bank's receiver.
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COOLIDGE WON'T SAVE MURDERER Refuses to Stay Death Sen tence of Officer. WASHINGTON March Ident Coolidge today rejected the appeal of Rev Milton tion Thompson Thompson's to save from execuson. John S Thompson, under Lieutenant sentence Philippine courtmartial for shooting Audrey Burleigh, society girl, because she spurned his mar- The First National bank of Libby. Mont., ceivership, which recently went into will man March of 9. according reopen to M. about Way the bank's receiver
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SHELBY BRIEFS Sam Krause transacted business Great Falls, Monday. Ford, prominent Helena torney, transacted professional busiTuesday. Born: To Mr. and Mrs. Laurich Wednesday, March baby Peter Jacquemarte was visitor Great Falls the week end, ceiving Mr. and Mrs. K. Talbot and daughter Genevieve were visitors the home of Oakes, north Devon, last Sunday departed Sunday for Pulaski, Iowa, upon receipt the sad her mothdied at that place. The Altar meets with Mrs. Society Fred Lewis Jan. o'clock. erybody welcome and all members requested to present. Roseth of Great Falls, reprethe Texas company, and interested north field operations, business Shelby. Mrs. Anderud Maddock, Dak., visiting this week and Mrs. Jack Heickson. home Anderud is Heickson. Clifford Coover is in Libby this week with the the First National bank that place. Wayman has bank's receiver. given the Catholic Ladies March very well patthe proceeds netting about ronized, The Ladies continue these the first Saturday each month. Miss Miriam Wayman has returnfrom Great Falls, where attending business college, accepted position the law offices of Louis Shelby Donovan. Newendorf, 53, of KalisHenry Minnie Getchell, also were united marriage March Judge John Bett. The groom in the Kalispell. The this week printed bills for the personal his farm property Conrad, March All farm machinery, livestock and personal effects are The next regular meeting of the be held Community high school auditorium on Tuesday, March starting particularly good program worked for this meeting. Try and be there.
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Libby Bank To Re-Open A message has been received from the comptroller of currencey at Washington, D. C., by Receiver W. M. Wayman granting permission for the First, National Bank of Libby to resume business.
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# GREAT NORTHERN MAN # BOOSTS SHEEP INDUSTRY Eureka Journal: W. M. Wayman, agricultural development agent for the Great Northern, who makes his home at Valier, where he is engaged in farming and sheep growing, was a visitor here last week. Mr. Wayman came at the request of General Immigration Agent Leedy to make a study of our valley and conditions in order to help with the colonization program the Great Northern has under way here. Mr. Wayman is remembered by some of our people as having been reciever of the First National bank at Libby, when it closed several years ago. He is a successful sheep grower and is much impressed with the possibilities for expansion of that industry in the Tobacco valley. The following clipping, which he had in his possession, although published last fall, may be of interest to some of our readers who are interested in the sheep game or who contemplate entering it: "Helena, Oct. 25. -The Cooperative Sheep company which was organized some two years ago to put sheep out on shares in southwestern Montana has just completed distribution of earnings amounting to $165,000. One-half of this went to ranchers who had sheep on shares, and the other half to the company. All of this was new money, proceeds from wool and lambs for the year. The company has out in the neighborhood of 17,000 sheep, mostly in bunches from 100 to 500. "The plan is for the company to furnish the ewes and necessary number of bucks, pay the taxes, one-half of expenses of supervision. The ranchers pay the balance of the expenses, and the proceeds are divided equally between the ranchers and the company. The company during the two years of its existence, paid the stockholdeers 34 percent in cash dividends and has reduced its indebtedness in the past year some 40 per cent. "The company was incorporated a short time ago by Senator T. J. Walsh, Governor J. E. Erickson and Lewis Penwell. The directors for the first three months were Ben Cardwell and Joseph H. Hanlon of Billings, P. H. Hawkins, Absarokee, and W. T. Pigott and Lewis Penwell of Helena. This new company has purchased about 6,000 head of breeding ewes, which are now being delivered to the lessees in the neighborhood of Columbus, Red Lodge, Absarokee, Laurel and Billings."
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Turner. A. N. Richard and H. W. Miller were witnesses for the applicant. Bartholomew Sullivan is also a new citizen, his witnesses being James Mahoney and George E. Hennessy. The third new citizen was Duncan John McDonald, his witnesses being Sam G. Ratekin and Michael A. Shanahan. The seven children of Romeo Garrison were declared neglected and dependent children and all were committed to the orphan's home with the exception of Evaline Lorraine Garrison who was committed to the care and custody of the child protection bureau. J. Alford Peltier of Eureka was granted a divorce from Juanita Peltier, he to have the children for 11 months of the year, she for one month. George McGlenn and wife of Eureka were given an order of adoption for Shirley Jean Loftsgaarden. # Important Case Argued. The case of James M. Blackford vs. the City of Libby was argued before the court and the matter taken under advisement. In this case all the facts were agreed upon by the parties thereto and no testimony was taken, the determination of the case being wholly a matter of law. The case involves the collection of a $500 warrant held by Blackford against Improvement District No. 15 of the City of Libby, the improvement district having been organized for the construction of a sewer in west Libby. This district was unable to pay all the warrants issued against it because certain of the property in the district defaulted the payment of the improvement taxes. Therefore there was no money to pay four or five of the last warrants. That condition, however, does not cover all of the present controversy. It turns out that one of the district's warrants in the sum of $500 was paid by a former city treasurer twice through an error, and therefore, as Blackford contends, the city had no money with which to pay his warrant because of a mistake by the city treasurer. It is alleged that a certain warrant was paid by the then city treasurer, John Johanson, who was at the same time cashier of the then First National Bank. It is further alleged that Johanson failed to cancel the warrant when paid and retained it in the files of the bank as an asset of the bank. When the bank went into the hands of a receiver, this uncancelled warrant for $500 was found in the file as an asset. It was thereupon presented by the receiver of the bank to the acting city treasurer, who was at that time W. S. Spencer, cashier of the First State Bank. The warrant, not being cancelled on its face, was paid by Spencer, which was in effect paying it the second time. Soon thereafter it was discovered that the warrant had been paid twice and demand was made on the received of the First National Bank to return the money. This he refused to do. It is further alleged that the city officials took no action to recover the money either from Johanson, from the receiver of the First National Bank or from Spencer, or their bondsmen, until too late, such action being outlawed by the statute of limitations. Blackford therefore contends that it was through negligent action of the city's officials, or agents, that there was not enough money in the improvement district's fund to pay the warrant held by him. Therefore he is suing to recover. The city contends that there are certain stipulations in the law covering such cases that relieves the city of any liability in the matter. Mr. Blackford and E. M. Child of Kalispell appeared as attorneys in behalf of Mr. Blackford and Hans Walchli of Kalispell as the attorney for the city.