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Resolution, Introduced Monday, Calls for Lists of Receivers of Closed Banks and Fees Paid Them.
Jefferson Democratic house Monday struck out at practices the state finance handling the affairs of closed banks adopting resolution calling finance to furnish list of bank and torneys and the fees paid for the work. Introduced by Roy Hamlin of Hannibal, newcomer the legislature, the on Harrison, Republican finance detailed accounting of all fees paid receivers attorneys the 150 banks which have failed since 1930. want to know more about the 4-year practice of looting defunct Hamlin said explaining his resolution. quick interchange of questioning by house members indicated the legislature desired to back the picture in the get four Republican rule. Sevyears eral remarks made regarding 1932 before certain publican officials retired from office." Judge Henry Lay of Warsaw, the most widely known lawyers Missouri and attorney for several country banks, was quick to support told the house members them things that would make their hair stand in referring to huge fees paid and for closed receivers for many closed banks been taking farms and other properties and have been selling them the the Hamlin said. want the exact ture of this situation and the facts brought light.' Democratic leaders revealed that among the of the resolution purposes strike Arthur Curtis, chairman of the Republican state committee, whose Springfield law firm of Curtis Farrington acted attorney for some banking institutions in The fees paid John Cahill of Springfield, active Republican worker and many years special deputy liquidating agent for the finance partment, also are be scrutinized. information called for the house resolution will be compiled Harrison, retired Tuesday state finance commissioner to ceeded H. Moberly of Harris, Governor Park's selection for the portant financial post. Harrison, regarded one of most able bankers will tinue temporarily the department. nothing to hide,' Harrisaid. fact, are proud of the record of this office during these Liquidating agents appointed Harrison his Cantley, have never received in cess month for their ices receiver for banks and legal fees have been by courts in the circuits which the banks have been located. "Attorneys' fees closed bank litigation have varied from $500 to and never have been high derstand members the house chargtoday, Harrison said explainthat finance attorneys' fees approved circuit court judges before being paid from the assets the closed banks. Cornelius Roach of Kansas City, pointed Friday receiver for the Pioneer Trust there, will ceive but $3,600 year for his Harrison said would estimate what fee impossible Leedy, appointed attorney for Roach, would receive. Leedy for Francis campaign manager and Governor Park, Speaker Meredith appointed Representative Hamlin, Hannibal; Jasper; Keating, Kansas of Dallas Lay, Benton, members special county house committee conduct after the detaildata of fees from the finance partment.
