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Ashton Returning To Ardmore; Made Bond at Chickasha Orin Ashton, receiver of the State National Bank, will return to Ardmore, Monday morning to resume his duties, according to W. B. Johnson, who conversed over long distance telephone Saturday night. Mr. Ashton advised Mr. Johnson that when he was advised information has been filed against him at Chickasha charging embezzlement, he voluntarily went to that city, where he made bond Saturday. Saturday night he was in Oklahoma City.
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KATY CITED FOR a CONTEMPT IN STA RAILWAY CORPORATION HAS Assessment Made on State National Bank AND STATE BIG OUTSTANDING MEDIATION FAILS HOT TIME AT COAL CONFAB Settlement of CLOUDBURST IN GRANTED LOANS ON RECORD Local Affairs KANSAS FLOODS Valle Midland Loans Authorized Since Expected Soon Corporation ( Jan. 1 Total $363,000,000 Two Trains a Shareholders of the defunct State CITY IN HURRY of Which $237,000,000 National Bank of Ardmore are today Pulled off Remain on Books. called upon by order of the comptroller of the currency to pay to the receiver diately Food Block Pavement is an assessment equal to the par value AGRICULTURE GETS of the stock so held by them. Torn up; Trees and WORKERS STI The order is signed by F. P. Kane, MAJORITY AMOUNTS acting comptroller, and Bernhard UI. Shrubbery Suffer; JOB IN ROA rich is named as the receiver to whom Lights Out. the amount shall be paid. August 12. Exports Helped by Hand1922, is the latest date of payment, the Little Sign of N outs Here and There Durorder indicates, at which time it is exDELUGE LASTED BUT Spreading Over pected some definite step will then be ing the Past Year. taken to clear up the affairs and pay ABOUT TEN MINUTES Coast Syst off all indebtedness of the institution WASHINGTON Books of the war The assesment and requisition upon OKLAHOMA CITY the stockholders is for a total of $200.finance corporation showed a total of Heavy Rains General Over poration commission tod 000 each shareholder being assessed $237,000,000 in loans outstanding at the State and Missouri DurAlthough they peeled off their coats, coal operators and United Mine tice that the Midland $100 for each share of stock so held close of the fiscal year June 30, accords Workers could reach 1.0 agreement in their preliminary conference at Washhad withdrawn from by him. The order is dated/ Wash. ing Monday and Tuesday. ington. On the platform, left to right, Wm. Green, secretary of the mine ing to a summary of operations issued senger trains operating ington, D. C., on July 5. workers; Alfred M. Ogle, president of National Coal Association: Secretary of kogee and Fort Smith, Mr. Ulrich is the third receiver sent today by Managing Director Eugene KANSAS CITY, Mo.-Leaving the Labor and Secretary of Commerce Hoover. the general strike of Meyer. here to take charge of the bank affairs. outlying districts, for the most part, shopmen immediately When the corporation resumed operfollowing its closing on February 23. untouched except for a, slow steady with the road, demandi in January 1921. he stated, the Several suits are now pending in district rain, cloudburst struck the downformation to why the se outstanding totaled $111,000,000 court, asking judgment on notes and town district here about midnight last curtailed A report and since that time the corporation has properties due the bank. night in streams, flooding basements OFFICERS PRORE Lord Mayor O'Neill vainly sought to IRISH ARMY IS
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HAROLD WALLACE IS SUED BY RECEIVER MUSKOGEE, Okla.-Bernard Ulrich, receiver of the State National Bank of Ardmore, filed suit in the United States district court today against Har old Wallace, the Waxahachie National Bank and others to foreclose on Carter county lands given as security for a note amounting to $77,474.71. Attorney fees in the sum of $7,747.47 with interest at the rate of ten per cent also are asked.
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Treasury Department, Office of Comptroller of the currency Washington, D. C., July 21, 1922. Notice is hereby given to all persons who may have claims against "The State National Bank of Ardmore, Okla that the same must be presented to B. Uirich, receiver with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency.
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NOTICE CALLED TO RECEIVER'S NOTICE Bernard Ulrich, receiver of the State National Bank of Ardmore has requested the Ardmoreite to call the attention of all creditors of the aforesaid bank to the "Notice to Creditors" contained in the Ardmoreite each Friday. It will be necessary for all creditors to make legal proof of claim for any amount due them on forms furnished by the receiver before any dividends can be paid to them. Depositors should call at the receiver's office at the State National Bank for this purpose taking with them their pass-book, certificate of deposit or other evidence of indebtedness on the part of the bank.
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LEGAL NOTICES Treasury Department, Office of Comptroller of the currency Washington, D. C., July 21, 1922. Notice is hereby given to all persons who may have claims against "The State National Bank of Ardmore, Okla," that the same must be presented to B Ulrich, receiver with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency.
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ARDMORE BANKER IS DECLARED A BANKRUPT (By The Associated Press) Ardmore, Okla., Sept. 13.-Harold Wallace, eashier of the defunct State National bank. was declared bankrupt and Hugh L Sturm. prominent oil operator, was named receiver by Judge R. McMilian. referee in bankruptey, acting on authority from federal judge Williams, who is out of the district.
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WALLACE RECEIVER TAKES UP DUTIES Hugo Sturm, appointed receiver for Harold Wallace, has qualified and made bond for the office, according to information reaching the Ardmoreite. He enters at once into details of the Wallace estate. Mr. Wallace was vice president of the State National Bank which was closed last spring. According to information received, Wallace's total resources will run more than $2,000,000. Of this amount his personal liabilities are around $400,000 while his contingent liabilities as endorser on paper will reach approximately $200,000. It is said that he was also surety for bonds of the State National Bank to the extent of $200,000. to surety companies. Just what position the receiver will take regarding the handling of the estate could not be learned. It was as. serted that if the estate were held intact it would entirely pay out all indebtedness and leave a sum for the owner.
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STATE OF OKLAHOMA, COUNTY OF CARTER, SS. The board of County Commissioners of Carter County, State of Oklahoma, met on Saturday, September 16th, 1922 all members of the Board being present the following business was transacted towit: RESOLUTION WHEREAS, the County Treasurer of Carter County, Oklahoma, had on deposit in the State National Bank of Ardmore, Oklahoma, the sum of $234,703 23, on or about February 24th, 1922 secured by bonds of the United States Fidelity and Guaranty company, aggregating the total sum of $228,000, and a bond of the American Indemnity company in the sum of $10,000 and municipal bonds in the sum of $1,499.75 and, WHEREAS, on the day and date above mentioned, said State National Bank, passed into the hands of a receiver, and the said Treasurer immediately made demand upon said Bank for payment of said deposits which said payment was, by said bank refused, and which sum of money yet remains due and unpaid; and it appearing to the Board that it is necessary to proceed against the above bonding companies for the amount secured by them: BE IT THEREFORE RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF CARTER COUNTY, OKLAHOMA, IN SESSION ASSEMBLED. That S. F. Haynie, present Treasurer of Carter County, Oklahoma, be and hereby is, authorized and directed, in behalf of said county, to make formal demand of said Bonding companies for the amount of said deposits secured by them, to accept payment and receipt of same, to take all other necessary, legal and proper steps for the purpose of arriving at final settlement of the claim or claims herein mention-ed; and, upon payment, to deliver into the hand of said Bonding Companies or their agents, the Security Bonds so executed and delivered by them. Dated this the 16th day of September, 1922. JOE T. TAYLOR, Chairman Board County Commissioners Carter Co. Oklahoma. Attest: CLARENCE HARRIS, County Clerk. RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS OF CARTER COUNTY, OKLAHOMA. Whereas, it is the judgment of the Board of County Commissioners of Carter County, Oklahoma, that that part of the State Highway in Carter County, Oklahoma, designated as Section J, Miles 3 to 9, inclusive, should be improved to be made a permanent State Highway, and Whereas, surveys have been made as required by law, and same have been approved by the State Highway Department, copies of which plans are now approved by the Board of County Commissioners and are now on fiis with the County Clerk of Carter County and Whereas, moneys of the Bond Issue of 1921, for permanent State Highways are now available for the construction of this improvement. Now, therefore, be it resolved by the Carter County, Okla., the County Clerk of Carter County be Instructed to advertise for bids for the construction of this improvement, to be known as Bond Issue Project Number 15, as required by law. Passed this 16th day of September, 1922. JOE T. TAYLOR, County Commissioner. M. T. PIERCE, County Commissioner. ROY M. JOHNSON. Attest: CLARENCE HARRIS, County Clerk. County Commissioner.
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Treasury Department, Office of Comptroller of the currency Washington, D. C., July 21, 1922. Notice is hereby given to all persons who may have claims against "The State National Bank of Ardmore, Okla," that the same must be presented to B Ulrich, receiver with the legal proof thereof, within three months from this date, or they may be disallowed. D. R. CRISSINGER, Comptroller of the Currency.
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# NO FARMER WHO TRIED HAS BEEN # CLOSED OUT IN LAST TWO YEARS # IS REPORT OF ARDMORE BANKER "Not one farmer in Carter county has been closed out by any of the local banks within the past two years if he has shown any disposition to make good, and try to help himself along," said M. Gorman of the American National bank this morning, while the question of bankers and farmers was under discussion. Mr. Gorman said that some had been dealt with, but they were invariably of the class who would pack up and leave without notice, leaving the banks that had supplied him to make a crop, to collect in the best way they could, but even these were rare instances, he avers. In the case of the defunct State National bank, Mr. Gorman said he presumed the receiver had to use such measures as he thought expedient in order to liquidate, but speaking for the other institutions as well as the American National, Mr. Gorman said that banks had helped, and were continuing to help the farmer in every way possible to come out on top. "When I tell you that the banks have carried men from year to year against their will, in order to see if they could not make good, I am telling you the truth," Mr. Gorman said. "I recall six men right off the reel that came to me and asked to be relieved when the times looked the darkest. I talked them into sticking to it; three of them have paid up in full, while the other three are rapidly getting above board," he said. "The farmers and bankers of Carter county have always worked together in perfect harmony," Mr. Gorman said, "and there never has been a time when a man showed a disposition to be on the square, that he could not secure help from any of the local banks with which he chose to do business, all this report about local banks squeezing the farmer is untrue, Ask any of the heaviest borrowers among the farmers for verification of this statement," he concluded,
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BANK RECEIVER GOES TO TRUST COMPANY SOON Bernard Ulrich Who Has Been in Charge Station National Affairs Goes to the Chicago Company. Bernhard Ulrich, receiver for the State National Bank, will leave Ard more about -January 1, to become associated with the Central Trust company of Chicago: one of the larges: banking institutions in the West, he announced Tuesday afternoon. Whether a new receiver will be ap. pointed at that time could not be stated but it is hoped that the affairs of the bank will be finished, Unless affairs are completed, a new receiver will be nam. ed and will arrive here before Mr. UI. rich leaves. Mr. Ulrich is the third receiver to be sent here by the comptroller of curren. cy since the bank closed early in the year, and he has remained on the job longer than any of his predecessors. In closing up the affairs of the bank, Mr. Ulrich has filed nearly a score of suits asking legal judgment.
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ARDMORE, Dec. 1.—Barnard Ulrich, receiver for the State National bank in Ardmore, will leave here on January 1 for Chicago where he will take up new duties following his association with the Central Trust company of that city. Ulrich is the third receiver to be sent here by the comptroller of currency since the bank closed early this year and has remained on the job longer than have his predecessors. In closing up the affairs of the bank, he filed almost a score of suits asking legal judgment.
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BELIEVE DEFUNCT BANK WILL OPEN IN NEAR FUTURE Proposition Submitted By Wallace Satisfactory to the Depositors of the Institution. Some time ago certain depositors with the defunct State National Bank determined to secure a statement of its affairs from the receivers, and with that object in view, secured a list of the depositors who were in favor of such a movement that a meeting might be held, and the matter inteligently discussed. Pending that,period Harold Wallace had formulated a proposition for the reorganization of the bank which he stated he would submit to the depositors as soon as they held a meeting. One of the largest depositors at the meeting Tuesday afternoon stated that they were not ready to divulge what his proposition was, but added that it was entriely satisfactory to all depos. itors concerned and if the matter can be legally sunctioned, believed that the bank would reopen as an early date. Letter To Receiver The following communication was addressed to Earl A. Letteer, receiver for the State National Bank, who is expected in his official capacity to take the matter up with banking authorities to determine the status of the proposition. December 26th, 1922. Mr. Earl Jn Letteer, Receiver, The State National Bank, Ardmore, Okla. Dear Sir: At a meeting of the depositors of the State National Bank of Ardmore Oklahoma, held on December 26th, 1922 Mr. Harold Wallace submitted R prop. osition for they reorganization of the bank. His proposition involved certain concessions on the part of the depositors and was favorably received by the de positors, mut 12 is realized that they cannot intelligently consider this proposition without, definite knowledge as to the present status of the bank's at. fairs and unless they had some idea what the bank would pay upon final liquidation. For this reason, the following resolution was addipted: "Resolved: That the Chairmen of the meeting appoint a committee to be composed of Wimself, the secretary of the meeting at five others, depositors of the State National Bank, the duties of said commattee to be to make a request for, and It such request was granted, to eliamine into the affairs of said bank and ascertain the present fl. nancial condition of the same with a view of determining approximately the per cent the bank would pay upon final liquidation. "Further, that the Department be re. quested to Turnish in addition to the in formation and rights heretofore mentioned, a list of the depositors and the amount claimed by each." The above resolution was unanimously adopted, and pursuant thereto, the following committee was appointed: Thos. Norman, attorney in fact for Het. t) Norman; E. R. Hendon; O. 4. Marka
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DEPOSITORS WILL RECEIVE CHECKS FROM BANK TODAY Receiver of State National Bank Announces Payment of Dividends. Receiver Earl J. Liteer of the defunct State National Bank announethat beginning this morning payments will be made to depositors as divends from that bank. Checks have already been drawn and those who have filed proof of claim and who have receiver certificates may now call for their portion of funds. There much legal litigation to be gone through before the final payments can be made Mr. Liteer stated and he is not able as yet to make statement as to when the last payments will be made to depositors. Since the bank closed its doors in February. 1922 two payments have been made to depositors and it is quite probable that one more pay. ment will be made after the present one.