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Receiver Asked for Bank. HELENA, Mont., March 13.-Application for a receiver for the Hardin State bank of Hardin was filed with the district court of Big Horn county this morning by Attorney General W. D. Rankin. The application followed transmission by Governor J. M. Dixon of a report on the institution by State Bank Examiner L. Q. Skelton. who closed the bank on January 15.
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# HARDIN BANK SUED Hardin—The county attorney of Big Horn County has filed suit against the Hardin State Bank which recently suspended for the recovery of $74,372.03 which the county had on deposit in the bank at the time it closed.
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BANK BOND PROPERTY CAN BE HELD ROPERTY of bondsmen who have P gone surety for the protection of county deposits in banks is subject. to attachment, according to a decision handed down by the state supreme court. An opinion delivered recently by Associate Justice Galen holds that such a bond is a contract for the direct payment of money, and as such will sustain an attachment. The suit was decided five days after It was submitted. The case was entitled the State of Montana on the relation of Harvey H. Barnett as county treasurer of Big Horn county against S. G. Reynolds, receiver of the Hardin State bank, C. W. Greening, Bert Barey, Dan Sullivan, Walter O. Lee, J. R. Boyd and Henry Skaug. The Hardin bank executed a bond of $75,000 to secure the deposit of county moneys. When the bank closed its doors there was on deposit by the county the sum of $74,372.05 and suit was instituted to recover on the bond the amount of the deposit. The court in its decision declared "But one question arises determinative of the case, namely: was an attach ment of the defendant's property war ranted?" and the court held that 1 was, therefore that the trial court was warranted in refusing to dissolve the attachment on the property of the bondsmen.
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SEN. GREENING ARRESTED FOR PERJURY Hardin.-On a charge of perjury, State Senator C. W. Greening of Big Horn county was arrested in connection with the affairs of the defunct Hardin State bank, as was Bert Rarey, both being former vice presidents of the institution. A complaint also was filed in justice court and a warrant issued for Henry Skaug, former cashier, who recently has been a deputv state examiner. All three of these men are charged with perjury alleged to have been committed when they swore to their true worth in connection with a surey bond given by them to the county treasurer of Big Horn county as security to the county for the money deposited from time to time by the county treasurer in the Hardin State bank. In addition to these charges there is a charge of grand larcenv placed against Mr. Rarey by J. R. Boyd of Wyola in the sum of $1,500 alleged to have been taken on September 20, 1922. Senator Greening was arrested at Roundup where he is receiver of the First National bank of that city, and gave bond to appear in district court. Rarey was located at Columbus, Ohio, (where he has been employed in a bank the past year) through the efforts of Sheriff Gilmore, who wired the chief of police to put him under arrest. He refused to return to Montana without requisition papers and County Attorney Haven went to Helena, where the necessary papers were issued by Governor Dixon. On his return to Hardin, County Attorney Haven turned the papers over to Undersheriff John H. Kifer. who left on the sâme train for the east. It is expected that he will return with Rarey this week.
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NOT AN EARTHQUAKE A few months ago we were called upon to contribute to a neighboring county, suffering from an earthquake. This community has experienced two bank failures in the past three years. It was recovering nicely from the effects of the failure of the Hardin State Bank and is now met with the loss occasioned by the closing of the First National Bank of Hardin. These failures are directly the result of the inflation period during the World war and the heavy deflation period following the war, and resemble a condition quite generally prevalent in the Northwest in particular, on account of its lack of industrial enterprises and its dependence for its prosperity on agricultural conditions. The closing of the First National Bank of Hardin has come as sudden as an earthquake and has cast a gloomy atmosphere about our community that will retard to some extent our progress and development, but unlike an earthquake it leaves the community intact and its people unimpared in body and mind. Someone has wisely said, "Give me my health and mental faculties and I will overcome financial adversities, but take away from me my health and mental faculties and endow me with abundant wealth and I an poor Big Horn county embraces a vast, fertile area of agricultural land as yet practically undeveloped, still under these conditions many people on farms have 66 year realized an income from the farm equal to the value of it. Beets have produced a very fair return and beans at present prices are a profitable crop; grain prices are quite satisfactory and the live stock valuations are certainly encouraging. Having the facilities at hand to rehabilitate the losses incurred, it would scem that it behooves the people of the community to band themselves together in an endeavor to re-establish ourselves on a sound financial basis. Our schools should assist the rising generation by instructing their pupils how to analize financial statements and to judge the actual market value of the assets listed therein-anything that concerns the public should be subject to analysis. The Big Horn County Bank has the utmost faith in this community and pledges its undivided co-operation (in so far as conservative banking principles will permit) in the task before us. 49-1 BIG HORN COUNTY BANK, By W. E. Warren, Pres.
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STATE EXAMINER'S ANNUAL REPORT MONTANA OFFICE OF STATE EXAMINER We of herewith submit report of the examination Helena, of the books July 15, 1926. aminer, ords BIG on July HORN 6th COUNTY, to 13th, 1926, as made as follows: by F. E. Williams, Deputy State and rec- ExCOUNTY TREASURER To balance in funds August 15, 1925 MR. R. P. ROSS $182,632.66 To Receipts from August 15, 1925, to July 8, 1926, 486,904.11 619,586.77 410,566.20 $208,970.57 Security $1,200.00 None Some None None None None None None None None 115.00 115.00 EXAMINER'S NOTES COUNTY TREASURER Transfers, distribution of protested taxes and-distribution of month's tax collections business. should be made on the cash book below the close personal of the An over-deposit of $2,170.63 existed in the First National Bank of money Hardin at the time of closing. The County Treasurer should deposit the tal and under his control in solvent banks of the county on basis of CapiSurplus, as provided by law. He should under no circumstances deposit in excess of the security pledged by the bank. legal From the records of the Clerk of the Dictrict Court we find that the proceedings concerning the personal bond furnished by the First National Bank of Hardin, have been very promptly and ably handled. Judgcess ment of was the entered amount of of record the judgment. some months The ago and properly attached in expromptly to levy against such property If settlement County of the Treasurer judgment should is not proceed made CLERK AND RECORDER The claims were examined and the warrants checked against the recfollows: ord of "Warrants and Bond Issued," and reconciled to July 1, 1926, as The official bonds of the various Increase county officials $ were $1,653.87 examined and found The to be approved by the District Judge and properly filed. minute book was examined and found to be written up to date and properly signed. CLERK OF DISTRICT COURT Book. Greater care should be exercised in entering fees in Registers and Fee was In ordered the case of State of Montana VS, Craig, & bond in the sum of $1,000 deposited with forfeited the County by the Treasurer. Court All fines and forfeitures should - be SHERIFF Great care should be exercised in writing up the records of the office. PUBLIC ADMINISTRATOR The county is without a Public Administrator at the present time. The CORONER Board of Commissioners should appoint some one to fill this office CLAIMS We are pleased to find that the Coroner has his record written up. Claim No. 22915, Bessette Stork Co., $27.50, is signed "Chas. Bessette." of Claims some of official corporations or the should corporation. bear the full corporate name followed by that Claim No. 22921, C. W. Wilson, $66.45, is not sufficiently itemized. The points of travel are not shown, 545 miles having been traveled. The hotel expense of $9.35 is not segregated. Claim No. 22928, Robert A. Vickers, $41.00, in signed, but not sworn to, Claim No. 24070, $88.75, contains an Item of $20.00 for hay and grain fed to horses used for assessment purposes. The proper charge would be for charge to be made for the use of the horses rather than the feed. Claim 24019, Tractor & Equipment Co., $4,700.00 shows an allowance of $800.00 for a used 75 Holt Tractor No. 2528. The disposition of county property is thoroughly covered in the statutes, which provide that property belonging to the county can only be disposed of by sale at public auction for cash. A sale should have been held of the old tractor, no which sale the company selling the new tractor could have been a bidder. and The claims of M. H. Techirgi, No. 24182, Henry G. Campbell, No. 24182, J. W. Scally, No. 24184, have not been signed by the claimants The claims of the Commissioners show that in some instances work have made inspections of roads and bridges where construction or repair they was not in progress. The Attorney General has ruled that members of the Board of Commissioners can legally make claim for per diem and expensé where they make inspections of roads and bridges when work to to progress on some and before payment is made. Respectfully submitted. JAY G. LARSON, State Examiner Deputy State Examiner. To Balance in Funds July 8, 1926 ACCOUNTED FOR AS FOLLOWS: Balance Hardin State Bank, Hardin (closed) $74,372.05 First National Bank, Hardin (suspended) 62,170.63 American Surety Co., continuous Approved by Board of Commission $ 10,000.00 Personal Bond, expires December 31, 1925 50,000.00 Demand has been made and Judgment has been entered against bondsmen. $ 60,000.00 Little Horn State Bank, Wyola Fidelity & Deposit Co., expiring November 1, 1926 Approved by Board of Commissioners 7,500.00 School County District and County Warrants of Big Horn 151.31 $49.70 9.12 40.58 1917 to 1926 Property Disposition None None None None None None None None None 1 qt. whiskey Mr. Echstrom None None None None Do Fund General Road Poor Bridge Contingent Library Seed Grain Bonds outstanding Lass Sinking Fund County debt INDEBTEDNESS JULY 1, 1925 Fund General Road Poor Bridge Contingent Library Seed Grain Bonds outstanding Less Sinking Fund County Debt COMPARATIVE COUNTY INDEBTEDNESS $454,231.32 $525,875.19
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Sterling M. Loaney, assistant manager of the Hardin Motor and Miss Gracia Dillon, assistant cashier of the Big Horn County Bank, stole march on their friends, Easter Sunday, by slipping to away Billings and getting married. Immediately after the ceremony the happy couple left for Banff, Alberta, will Canada, where they spend a brief honeymoon at this famous winter pleasure resort. They expect to be absent from Hardin about ten days or two weeks. The groom native of Bozeman, but has been a resident of Hardin since boy in his early teens. He attended the public schools of this city, graduating from the Hardin high school with the class of 1917. He attended the Northwestern University at Chicago and later. for two years, was employed by the Western Electric Co. at Los Angeles. In the fall of 1924 he returned to Hardin and accepted the position of assistant manager of the Hardin Motor Co. The bride has been resident of Hardin number of years, coming here from her home at Lamoni. Iowa, about 12 years ago to accept position as in the Hardin State Bank, with which institution she remained until the bank suspended in January, 1923, when she returned to her Iowa home. In September, 1924, she returned to Hardin as assistant cashier of the then neworganized Big Horn County Bank, a position she still fills and will continue to hold. Mr. and Mrs. Loaney are among the most popular of Hardin's of friends wish them much joy and prosperity in their new relation.