10030. Commercial National Bank (Great Falls, MT)

View Charter #10530 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10530
Charter Number
10530
Start Date
October 4, 1922
Location
Great Falls, Montana (47.500, -111.301)

Metadata

Model
gpt-5-mini
Short Digest
a9cce295f1747fa7

Response Measures

None

Receivership Details

Depositor recovery rate
27.7%
Date receivership started
1922-12-09
Date receivership terminated
1930-10-22
OCC cause of failure
Economic conditions
Share of assets assessed as good
21.7%
Share of assets assessed as doubtful
57.7%
Share of assets assessed as worthless
20.6%

Description

Articles report the Commercial National Bank of Great Falls suspended operations on Oct 4–5, 1922 due to inability to maintain a sufficient reserve (loans slow to collect). No article describes a depositor run prior to suspension. A federal receiver was requested and appointed in December 1922 and the bank remained closed; later criminal indictments of officers followed. Thus this is a suspension that resulted in permanent closure/receivership. Dates corrected/standardized from newspaper reports (suspension announced Oct 4/5, 1922; receiver named Dec 12, 1922).

Events (5)
1. May 1, 1914 Chartered
Source
historical_nic
2. October 4, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board cited inability to maintain a sufficient reserve because collection of loans was greatly retarded; directors decided to stop accepting deposits and suspend business.
Newspaper Excerpt
Doors of the Commercial National Bank here did not open this morning. suspension having been announced last night by the Board of Directors.
Source
newspapers
3. December 9, 1922 Receivership
Source
historical_nic
4. December 12, 1922 Receivership
Newspaper Excerpt
F. D. Williams ... was named receiver of the bank by D. R. Crissinger, comptroller of the currency. Mr. Williams' commission is effective at once and he will immediately take over the management of the bank pending the working out of reopening plans by the stockholders.
Source
newspapers
5. November 19, 1923 Other
Newspaper Excerpt
Officials of the defunct Commercial National bank of Great Falls were arrested ... on indictments ... alleging misapplication of moneys, funds and credits and the making of false entries in the books. The bank closed its doors on October 4, 1922 and for which a receiver ... has been appointed.
Source
newspapers

Newspaper Articles (21)
1. October 5, 1922 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, October 5, 1922

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Article Text

COMMERCIAL NATIONAL BANK TO SUSPEND THIS MORNING Collection of Loans So Retarded That Board of Directors Decide to No Longer Accept Deposits. Inability of the Commercial National bank in May, 1914, when it acquired membership in the federal reserve. The bank of Great Falls during the last officers are L. H. Hamilton, president; several months to realize on loans at a J. C. Peters, vice president; O. A. Carlrate permitting maintenance of a suffison. general manager, and E. R. Funk, cashier. cient reserve caused the board of directors of that concern Wednesday night to decide to suspend business. The action was taken owing to the deFIGHTING POWER cision that it would be unwise to accep. further deposits and the suspension (Continued From Page One) will become effective this morning. The comptroller of the currency at made at least two more runs. But Washington, D. C., has been notified it happened. of the suspension and the bank's affairs Says Defense Won will come under the supervision of the "Last year we learned that the federal department of banking. The last statement issued by the bank, on Giants were a team of fighters and September 15, showed that the total we appreciate their power on the offensive. Their defense, however, won of deposits was $1,202,651.42, with loans aggregating $1,532,612.76. The for them today, in my opinion. total of deposits on that date was a "It looks like we'll have to get more slight increase over the footing of the than two runs a game to beat them. previous call. "I haven't an ycriticism of my playWhen it became apparent that a sufers; they worked admirably." ficient reserve could not be maintained, Hughey Jennings, the venerable some of the larger stockholders offered Giant coach, declared the Nationals their personal assets as security for won the game by half an inch. enough money to re-establish the re"In the eighth,' 'he said. "when our serve to a point that safely would almen filled the bases, Irish Meusel low the immediate transaction of busiconnected. The ball sailed a half inch ness, but it was impossible to procure above Bush's extended arm and went funds, it was stated by the board folfor a hit that scored the tying runs. lowing the decision Wednesday night to Half an inch lower and Bush would suspend. The board expressed confihave had an easy double play." dence that there will be no ultimate Huggins said that Bob Shawkey or loss to the depositors. Carl Mays would do mound duty for The bank was established in Novemthe Yankees, while John McGraw deber, 1912, as the Commercial Trust & clared he wolud start either Jess Savings bank and became a national Barnes or "Deacon John" Scott.

2. October 5, 1922 Evening Public Ledger Philadelphia, PA
Article from Evening Public Ledger, October 5, 1922

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Article Text

Great Falls, Mont., Bank Suspends Great Falls, Mont., Oct. 5. Doors of the Commercial National Bank here did not open this morning. suspension having been announced last might by the Board of Directors. The suspension announcement gave the bank's deposits as $1,202,000 and \ its loans $1 505,000.

3. October 5, 1922 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, October 5, 1922

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MONTANA BANK SUSPENDS (By Associated Press) GREAT FALLS, Mont., Oct. 5.Doors of the Commercial National bank here did not open this morning, suspension having en announced last night by the bc ard of directors. The suspension anriouncement gave the bank's deposits AS $1,702,000 and its loans $1,505,000.

4. October 6, 1922 The New York Herald New York, NY
Article from The New York Herald, October 6, 1922

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MONTANA BANK CLOSES. GREAT FALLS, Mont., Oct. 5.-Doors of the Commercial National Bank here did not open this morning, suspension having been announced last night by the board of directors. The suspension announcement gave the bank's deposits as $1,202,000 and its loans $1,505,000.

5. October 6, 1922 The Daily Banner Cambridge, MD
Article from The Daily Banner, October 6, 1922

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Bank Doors Fail to Open. Great Falls, Mont., Oct. 6.-Doors of the Commercial National Bank here did not open, suspension having been announced by the doard of directors. The suspension announcement gave the bank's deposits as $1,202,000 and it. loans $1,505,000.

6. October 12, 1922 The Holly Chieftain Holly, CO
Article from The Holly Chieftain, October 12, 1922

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CAUGHT FROM THE NETWORK OF WIRES ROUND ABOUT THE WORLD DURING THE PAST WEEK RECORD OF IMPORTANT EVENTS CONDENSED FOR BUSY PEOPLE WESTERN Michael Sherman; New York writer. lecturer was drowned in the advocate, newspaper J. and Colum- labor bia river near Priest Rapids, Wash. William S. (Bill) Hart, motion picture actor. who WAS reported serlously III in Los Angeles with typhold fever and complications. is recovering. Doors of the Commercial National Bank. at Great are National closed, having Falls, been Mont., suspension The HDnounced by the board of directors. suspension announcement gave the its bank's deposits at $1,202,000 and loans $1,505,000. M. W. Friedell. former president Phila- of oll refining corporation in Los delphia an was taken into custody author- in Angeles at the request of the he ities of that city or a charge that had embezzled $30,000. "I am' can not guilty." declared Friedell. "and I prove It.' Proposal of the Chicago, Milwaukee effect St. Paul railroad to put Into & reduction of 7 cents a hundred wheat pounds a on the freight rates on Puget shipped from Montuna points to opposed sound terminals for export is the by the millers of Montana and by state railroad commission. James Thomas. 14, student at An- the High school in Los with inglewood In trying to prevent H door thrust geles, from slamming. a through the a his glass band panel panel heart. and sliver of glass pierced his walked As nothing had happened, he Then If the steps of the building. he down collapsed and death came quickly. the Joe Dieker. while sitting on was of a church in Los Angeles, Denver, steps for the police of charge arrested he is wanted to answer a Dieker. where murdering William Hanlon. deof according to the arresting officers, return to his willingness to of the clared to tell what be knew witness affair, Denver but declared he was a and not a principal. Frank W. Roach, allas postFrank 50 years old, formerly taken master Frants, at Calexico, Callf., was Colo., by custody in Sterling, Jarvis and into Postoffice Inspector F. E. Roach McKean, who stated that with a in F. wanted in connection $7,000 was of approximately Calexico. shortage of the postoffice at for accounts had trailed Roach The inspectors thousand miles, visiting Nebraska cities several Missouri, Kansas, Calexico in and Texas, Colorado. since he left on Sept. 1. WASHINGTON dis woman from Georgia won of her the sex tinction A of being the first the United obtain appointment to W. H. Felto Senate, when Mrs. long known States Cartersville. Ga.. Georgia." ton of "grand old woman of Thomas W. as the named by Governor succeed the was as senator to the NoHardwick IC. Watson, until Mrs. late Thomas elections. when a successor Felvember will be chosen at the old polls. and has been ton is 87 years in Georgia politics for prominent half a century. renearly Vice Consul Barnes, department at Smyrna, that of ported to the refugees state from Smyrna 500 been evacuation completed except Since for the who are to 222.000 refugees had the report embark said, from soon. Smyrna 180, and fire, embarked these American naval 000 American neighboring had were cared ports, for and by relief of workers. agreement area and The peace the western forces rallroads and in between formal- forty nine conductors was ly signed in Chicago. of the trainmen and continuance The agreement pres- and for the conductors calls of pay to eight-hour ent rate for one year. the and time and trainmen be maintained eight day basis a half to for overtime after a hours. labor to be partisan party, Pres- to Declaring than to a Federprinciple of the American Gompers rather a formal statement Ident in "important next in ation Washington, of reactionary Labor, predicted legislation" Congress, that no would be enacted by the activities The fedcause be of labor's asserted that "labor has stunned eration head the reactionists in Congress section effectively.' of the southeastern and brotherRailroads United States and hood of organizations the an of conductors agreement in trainmen signed all outstanding Washington settling them and extenddifferences wages between and working regulaing tions present until Oct. following 81, 1923. three will be One of the at Brush, Colo. David named for Charles postmaster F. McMullen, They They are Cecil P. Lamb. to the are on the department by postoffice P. Saunders eligible and list certified the civil

7. October 12, 1922 The Raymer Enterprise Raymer, New Raymer, CO
Article from The Raymer Enterprise, October 12, 1922

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CAUGHT FROM THE NETWORK OF WIRES ROUND ABOUT THE WORLD. DURING THE PAST WEEK RECORD OF IMPORTANT EVENTS ONDENSED FOR BUSY PEOPLE. WESTERN J. Michael Sherman. New York newspaper writer, lecturer and labor advocate, was drowned in the Columbia river near Priest Rapids, Wash. William S. (Bill) Hart, motion picture actor. who was reported seriously III in Los Angeles with typhoid fever and complications, is recovering. Doors of the Commercial National National Bank. at Great Falls, Mont., are closed, suspension having been announced by the board of directors. The suspension announcement gave the bank's deposits at $1,202,000 and its loans $1,505,000. M. W. Friedell, former president of an off refining corporation in Philadelphia, was taken into custody in Los Angeles at the request of the authorlties of that city or a charge that he had embezzled $30,000. "I am not guilty," declared Friedell, "and I can prove It." Proposal of the Chicago, Milwaukee & St. Paul railroad to put into effect a reduction of 7 cents a hundred pounds on the freight rates on wheat shipped from Montana points to Puget sound terminals for export is opposed by the millers of Montana and by the state railroad commission James Thomas. 14, student at the Inglewood High school in Los Angeles, in trying to prevent a door with a glass panel from slamming, thrust his hand through the panel and a sliver of glass pierced his heart. As if nothing had happened, he walked down the steps of the building Then he collapsed and death came quickly. Joe Dieker, while sitting on the steps of a church In Los Angeles, was arrested for the police of Denver, where he is wanted to answer a charge of murdering William Hanlon. Dieker, according to the arresting officers, declared his willingness to return to Denver to tell what he knew of the affair, but declared he was M witness and not a principal. Frank W. Roach, alias Frank Frantz, 50 years old, formerly postmaster at Calexico, Calif., was taken Into custody in Sterling. Colo., by Postoffice Inspector F. E. Jarvis and F. McKean, who stated that Roach was wanted in connection with a shortage of approximately $7,000 in accounts of the postoffice at Calexico The inspectors had trailed Roach for several thousand miles, visiting cities in Texas, Missouri, Kansas, Nebraska and Colorado, since he left Calexico on Sept. 1.

8. October 13, 1922 The Keota News Keota, CO
Article from The Keota News, October 13, 1922

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IN LATE DISPATCHES DOINGS AND HAPPENINGS THAT MARK THE PROGRESS OF THE AGE. WESTERN Doors of the Commercial National National Bank. at Great Falls, Mont., closed. suspension having been announced by the board of directors. The suspension announcement gave the bank's deposits at $1,202,000 and Its loans $1,505,000. City Paymaster F. P. Schooley and Robert Armstrong of the city hall staff of Vancouver, B. C. were held up and robbed of $75,000 by two automobile bandita. The robbers escaped. making a sensational dash through the business district. Federal postal authorities of San Francisco are Investigating an alleged to extort Red death. plot der King. threats wealthy of $20,000 Bluff from K. Four resident, K. Gorham threaten. K., were un- K. ing letter, all signed turned over to the postal authorities. M. W. Friedell. former president of an all refining corporation in Phila. delphia. was taken into custody in Los Angeles at the request of the authorItles of that city on n charge that he had embezzied $30,000. "I am not guilty." declared Friedell. "and I can prove 11." Lightning struck two 55,000-barrel tanks at the Union Oil Company's tank farm at Oleum. fifteen miles from San Francisco on San Pablo Bay. and set them afire recently. One contained crude all and the other a refined prodact. The damage was estimated at $250,000. James Thomas 14. student at the Inglewood High school in Los Angeles, In trying to prevent n door with . glass panel from mamming. thrust his hand through the panel and n sliver of glass pierced his heart. As if nothing had happened, he walked down the steps of the building. Then he collapsed and death came quickly. Joe Dicker. while sitting on the steps of a church In Los Angeles, was arrested for the police of Denver. where he is wanted to answer a charge of murdering William Hanlon. Dicker. according to the arresting officers, declared his willingness to return to Deaver to tell what he knew of the affair. but declared he was a witness and not n principal. Frank W. Roach. alias Frank Frantz. 50 years old. formerly postmaster at Calexico, Callf. was taken into custody in Sterling. Colo., by Postoffice Inspector F. E. Jarvis and F. McKean. who stated that Roach was wanted In connection with a shortage of approximately $7,000 in accounts of the postoffice at Calexico. The Inspectors had trailed Roach for several thousand miles, visiting cities in Texas. Missouri. Kansas, Nebraska and Colorado. since he left Calexico on Sept. 1. WASHINGTON The peace agreement between forty. nine railroads in the western area and trainmen and conductors was formally signed In Chicago. The agreement calls for the continuance of the prescat rate of pay to conductors and trainmen for one year, the eight-bour day basis to be maintained and time and a half for overtime after eight hours

9. October 13, 1922 The Ordway New Era Ordway, CO
Article from The Ordway New Era, October 13, 1922

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BRIEF RECORD OF PASSING EVENTS IN THIS AND FOR. EIGN COUNTRIES. IN LATE DISPATCHES DOINGS AND HAPPENINGS THAT MARK THE PROGRESS OF THE AGE. WESTERN Doors of the Commercial National National Bank, at Great Falls, Mont., are closed, suspension having been announced by the board of directors. The suspension announcement gave the bank's deposits at $1,202,000 and its loans $1,505,000. City Paymaster F. P. Schooley and Robert Armstrong of the city hall staff of Vancouver, B. C., were held up and robbed of $75,000 by two automobile bandits. The robbers escaped, making a sensational dash through the business district. Federal postal authorities of San Francisco are investigating an alleged plot to extort $20,000 from Gorham K. King, wealthy Red Bluff resident, under threats of death. Four threaten ing letter, all signed K. K. K., were turned over to the postal authorities. M. W. Friedell, former president of an oil refining corporation in Philadelphia, was taken into custody in Los Angeles at the request of the authorities of that city or a charge that he had embezzled $30,000. "I am not guilty," declared Friedell, "and I can prove it." Lightning struck two 55,000-barrel tanks at the Union Oil Company's tank farm at Oleum, fifteen miles from San Francisco on San Pablo Bay, and set them afire recently. One contained crude oil and the other a refined product. The damage was estimated at $250,000. James Thomas, 14, student at the Inglewood High school in Los Angeles, in trying to prevent a door with a glass panel from slamming, thrust his hand through the panel and a sliver of glass pierced his heart. As if nothing had happened, he walked down the steps of the building. Then he collapsed and death came quickly. Joe Dieker, while sitting on the steps of a church in Los Angeles, was arrested for the police of Denver, where he is wanted to answer a charge of murdering William Hanlon. Dieker, according to the arresting officers, declared his willingness to return to Denver to tell what he knew of the affair, but declared he was a witness and not a principal. Frank W. Roach, alias Frank Frantz, 50 years old, formerly postmaster at Calexico, Calif., was taken into custody in Sterling, Colo., by Postoffice Inspector F. E. Jarvis and F. McKean, who stated that Roach was wanted in connection with a shortage of approximately $7,000 in accounts of the postoffice at Calexico. The inspectors had trailed Roach for several thousand miles, visiting cities in Texas, Missouri, Kansas, Nebraska and Colorado, since he left Calexico on Sept. 1.

10. October 20, 1922 The Pioche Record Pioche, NV
Article from The Pioche Record, October 20, 1922

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Great Falls, 'Mont.-Doors of the Commercial National bank here have closed. The suspension announce. ment gave the bank's deposits as $1,202,000 and its loans at $1,505,000.

11. December 6, 1922 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, December 6, 1922

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NATIONAL BANK ASKS RECEIVER APPOINTED BE Quickest Seeks Examiner Means for Aiding Reorganization. a Request for the appointment of receiver for the Commercial National bank of Great Falls, which suspended October 4, was made of the comptroller of the currency Tuesday by F. D. Williams, federal examiner in charge. The action was taken, it was announced, as a means of facilitating the reorganization and reopening of the bank pursuant to plans that have been followed since the suspension was decided upon by the board of directors. Through the application of personal funds of the stockholders, it has been thought probable that the bank would reopen before the holidays, but this plan has been interrupted by the position taken by a few of the minor share owners, according to different of the stockholders. Under the reorganization plan contemplated, all of the share owners would immediately pay their liability on their stock, but payment is not compulsory except through demand made by a duly appointed receiver and three or four stockholders are said to have declined to recognize the obligation until such an official is in charge of the bank's affairs. Repeated conferences between the stockholders failed to bring about a change in the attitude of the few who asked that a receiver be named before the stock liability is paid, it was stated, and Examiner Williams filed his request for a receiver after discussing the situation with the board of directors. Plans for reopening the bank are far advanced, according to different of the directors, and it was asserted that after the receiver is placed in charge matters will move rapidly towards resumption of business. The receiver will be appointed by D. R. Crissinger, comptroller of the currency. but until the appointee is named his identity will not be known here. It is considered certain that the comptroller will follow his usual policy of naming somebody from his official staff. It is thought possible that V. M. Smith, who was receiver of a bank at Poplar prior to its recent reopening, will be placed in charge while the reorganization plans are being worked out.

12. December 12, 1922 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, December 12, 1922

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WILLIAMS IS RECEIVER OF COMMERCIAL Federal Examiner Named to Act Pending Working Out of Reopening Plans. F. D. Williams, federal examiner in charge of the Commercial National bank of Great Falls since that concern suspended early last month, Monday was named receiver of the bank by D. R. Crissinger, comptroller of the currency. Mr. Williams' commission is effective at once and he will immediately take over the management of the bank pending the working out of reopening plans by the stockholders. Will Collect Stock Liability Because of circumstances preceding Mr. Williams' recommendation to the comptroller that a receiver be appointed, it is generally expected that he will at an early date make demand upon all stockholders for payment of their stock liability. Plans under way with the stockholders to reorganize the bank were interrupted by the refusal of a few minor share owners to pay their stock liability until a receiver was named. Other plans for refinancing the bank are well advanced, it has been stated, and early development in the work in progress is expected by those closely in touch with the bank's' affairs. Detailed announcement of the refinancing methods contemplated has not been made, but it has been stated on reliable authority that the banks expects to reopen with its affairs in good condition. Government Will Help Mr. Williams said after his appointment that it always is the government's policy to give all possible assistance in the reorganization of a closed bank. Mr. Williams is a permanent member of the comptroller's corps of examiners and once before has served as a bank receiver in Montana. This was at Butte, where he liquidated a savings bank following its suspension. Much of the work looking to reopening of the Commercial bank is in the charge of J. C. Peters, chairman of the board of directors, who is expected home today from a business trip to Chicago, where he was called in connection with his oil interests.

13. December 15, 1922 The Producers News Plentywood, MT
Article from The Producers News, December 15, 1922

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ANOTHER BANK ASKS RECEIVER Receiver for the Commercial National Bank of Great Falls, which suspended October 4th, has been asked of the comptroller by F. D. Williams, federal examiner, and it is understood that V. M. Smith, who was receival of the First National Bank of Poplar, will be appointed. Miss Constance Duckstad, one of our city school teachers, spent Thanksgiving with her parents at Columbus, N. D.

14. December 20, 1922 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, December 20, 1922

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PROSPERITY DUE WITH BUSINESS BOOM STARTED Commercial Bank Reopening Proceeding Rapidly, Says Peters. The optimism with which Montana is looking ahead to the new year is fully justified as viewed in connection with the general trend of the business situation in the east, it was stated Tuesday by Julius C. Peters, president of the Homestake Oil company and chairman of the board of directors of the Commercial National bank, following his return from a trp to Chicago, New York and Washington. "Business is decidedly on the upgrade in the east," said Mr. Peters, "and there is confidence everywhere that the next year will seek marked progress made in many branches of industry. One of the signs considered to be favorable is an apparent clarifying of the European situation as it affects foreign buying. There is strong hope that Germany will be in position during the next year to make large purchases in the United States, which with improved markets in other countries would mean a better demand for America's surplus grains and metals." Mr. Peters stated that work looking to the reopening of the Commercial bank, which suspended October 4, is progressing to the entire satisfaction of the board of directors and that the bank will resume business early in the spring. "So far as outside financing is concerned, the work is completed," said Mr. Peters. "When the stock assessment has been paid and we have made necessary arrangements with the depositors, we will be ready to resume without further delay. The comptroller of the currency assured me of full co-operation and the eastern creditors have shown the finest possible spirit. "It is my understanding that the comptroller will ask that the stockholders pay their assessments within 90 days, which would leave this portion of the organization work completed by April 1. It is very probable that by that time we will have completed satisfactory arrangements with the depositors and it should take little time after April 1 to reopen." Mr. Peters arrived from the east Tuesday morning.

15. December 29, 1922 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, December 29, 1922

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NOTICE Treasury department, office of the comptroller of the currency, Washington, D. C., December 29, 1922. Notice is hereby given to all persons who may have claims against "The Commercial National Bank of Great Falls," Montana, that the same must be presented to F. D. Williams, receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency.

16. November 30, 1923 The Producers News Plentywood, MT
Article from The Producers News, November 30, 1923

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FOUR BANKERS UNDER ARREST GOVERNMENT MOVES AGAINST GREAT FALLS INSTUTION. Butte, Nov. 19.-Officials of the defunct Commercial National bank of Great Falls were arrested by the United States marshal late Saturday on indictments returned in Butte Monday by the federal grand jury, which alleges misapplication of moneys, funds and credits and the making of false entries in the books. Those under arrest, all of whom gave bond before U. S. Commissioner W. S. Frary of Great Falls, it is reported here by federal officcials, are Edward R. Funk. former cashier of the bank; D. A. Davidson, former assistent cashier; Robert S. Noble, former director and now president of the Noble Mercantile company; Julien C. Peters, former director and atorney at law. Another man, who has not yet been arrested, ras also been indicted in connection with the failure of the bank which closed its doors on October 4, 1922 and for which a receiver, T. E. McClintock, has been appointed.

17. December 20, 1923 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, December 20, 1923

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Frank Rush and Sarah Rush, his wife, Cascade County, a body politic, and T. E. McClintock, as Receiver of the Commercial National Bank, a corporation, Defendants. Under and by virtue of the decree in the above entitled case the Sheriff of said County will sell at Sheriff's Sale on TUESDAY, the 15th day of January, 1924, at 2:00 o'clock P. M. of said day at the West Door of the Court House in Great Falls, Cascade County, Montana, all the right, title, claim and interest of the above named defendants in and to that certain property described as follows, to-wit: The Northeast Quarter of the Southeast Quarter. (NE%SE%) of Section Twelve (12) Township Eighteen (18) North of Range Six (6) East; Lot Seven (7) and the Southeast Quarter of the Southwest Quarter (SE%SW%) and the Southwest Quarter of the Southeast Quarter (SW/SE) of Section Six (6), Lots One (1) two (2) three (3) and the East Half of the Northwest Quarter (E%NW%), the East Half of the Southwest Quarter (E%SW%) and the North Half of the Northeast Quarter (N½NE%) of Section Seven (7) Township Eighteen (18) North of Range Seven (7) East, Montana Meridian, containing Five Hundred Two and 57-100 (502.57) acres, more or less, according to the government survey thereof. Dated at Great Falls, Montana, this 15th day of December, 1923. BOB GORDON. Sheriff of Cascade County. By H. B. HOFFMAN, Undersheriff. (First Publication December 20, 1923) (Last Publication January 3, 1924.)

18. December 27, 1923 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, December 27, 1923

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cade. Phoenix Mutual Life Insurance Company, a corporation, Plaintiff, Frank Rush and Sarah Rush, his wife, Cascade County, a body politic, and T. E. McClintock, as Receiver of the Commercial National Bank, a corporation, Defendants. Under and by virtue of the decree in the above entitled case the Sheriff of said County will sell at Sheriff's Sale on TUESDAY, the 15th day of January, 1924, at 2:00 o'clock P. M. of said day at the West Door of the Court House in Great Falls, Cascade County, Montana, all the right, title, claim and interest of the above named defendants in and to that certain property described as follows, to-wit: The Northeast Quarter of the Southeast Quarter (NE%SE%) of Section Twelve (12) Township Eighteen (18) North of Range Six (6) East; Lot Seven (7) and the Southeast Quarter of the Southwest Quarter (SE%SW%) and the Southwest Quarter of the Southeast Quarter (SW SE%) of Section Six (6), Lots One (1) two (2) three (3) and the East Half of the Northwest Quarter (E%NW%), the East Half of the Southwest Quarter (E%SW%) and the North Half of the Northeast Quarter (N%NE%) of Section Seven (7) Township Eighteen (18) North of Range Seven (7) East, Montana Meridian, containing Five Hundred Two and 57-100 (502.57) acres, more or less, according to the government survey thereof. Dated at Great Falls, Montana, this 15th day of December, 1923. BOB GORDON, Sheriff of Cascade County. By H. B. HOFFMAN, Undersheriff. (Last Publication January 3, 1924.)

19. December 27, 1923 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, December 27, 1923

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TWO BANKERS ARE GIVEN 30 MONTHS JULIUS C. PETERS AND R. B. NOBLE MUST DO TIME IN FEDERAL PRISON. Were Officials of Failed Commercial National Bank of Great Falls, and Prominent in Northern Montana Financial World. Julius C. Peters and R. B. Noble, directors of the Commercial National bank of Great Falls were found guilty in the federal court of making false entries in the books of the bank, were sentenced by Judge George M. Bourquin to two and a half years at Leavenworth, and fined $2,500 on the first count and the same time sentence on the other 24 counts, the sentences in the penitentiary to run concurrently. Julius C. Peters is a young lawyer of Great Falls who has met with unusual success in a financial way within the past few years, being president of the Homestake Oil company of Cat Creek, the Homestake Exploration company, in the Kevin-Sunburst, and the Hard Rock Oil company of Salt Creek, Wyo., and was rated at the time of the bank failure, October 4, 1922, as a millionaire, the Cat Creek company alone bringing in 17 wells without a dry hole. He is a son-in-law of L. H. Hamilton, president of the closed bank, a pioneer sheep man of the northern part of Montana and who sold a part of his sheep and land holdings a few years ago for $400,000. R. B. Noble has lived for 30 years in Great Falls, is head of the Noble Mercantile company, the largest retail grocery house of Great Falls; cwns many ranches and city property; was chairman of the Great Falls school board, former alderman, president of the West Side bank, and prominent in civic life of the city for a quarter of a century. Peters is a man 36 years of age, and has a wife and three children, while Noble is 58 and has a wife and nine children living.

20. December 28, 1923 The Circle Banner Circle, MT
Article from The Circle Banner, December 28, 1923

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TWO BANKERS ARE GIVEN 30 MONTHS JULIUS C. PETERS AND R. B. NOBLE MUST DO TIME IN FEDERAL PRISON. Were Officials of Failed Commercial National Bank of Great Falls, and Prominent in Northern Montana Financial World. Julius C. Peters and R. B. Noble, directors of the Commercial National bank of Great Falls were found guilty in the federal court of making false entries in the books of the bank, were sentenced by Judge George M. Bourquin to two and a half years at Leavenworth, and fined $2,500 on the first count and the same time sentence on the other 24 counts, the sentences in the penitentiary to run concurrently. Julius C. Peters is a young lawyer of Great Falls who has met with unusual success in a financial way within the past few years, being president of the Homestake Oil company of Cat Creek, the Homestake Exploration company, in the Kevin-Sunburst, and the Hard Rock Oil company of Salt Creek, Wyo., and was rated at the time of the bank failure, October 4, 1922, as a millionaire, the Cat Creek company alone bringing in 17 wells without a dry hole. He is a son-in-law of L. H. Hamilton, president of the closed bank, a pioneer sheep man of the northern part of Montana and who sold a part of his sheep and land holdings a few years ago for $400,000. R. B. Noble has lived for 30 years in Great Falls, is head of the Noble Mercantile company, the largest retail grocery house of Great Falls; cwns many ranches and city property; was chairman of the Great Falls school board, former alderman, president of the West Side bank, and prominent in civic life of the city for a quarter of a century. Peters is a man 36 years of age, and has a wife and three children, while Noble is 58 and has a wife and nine children living.

21. June 27, 1924 The Circle Banner Circle, MT
Article from The Circle Banner, June 27, 1924

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Receiver Announces Dividend Announcement is made by Receiver T. E. McClintock of the Commercial National bank of Great Falls, which closed its doors October 5, 1920, that a dividend of 15 per cent will be paid within the next two weeks, the dividend checks now being in Washington for signature. The total of the dividend, which is the first to be paid, amounts to $220,000.