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MANY PEOPLE ENTANGLED BY FAILURE After Being In An Insolvent Condition for Over Two Years State Banking Department Finally Orders Institution Closed. Wednesday afternoon of last week the. Citizens State Bank of Antelope KJELSTRUP'S BABY finally gasped and flikkered out after being on the very verge of death for the past two years. DIED THURSDAY The fact that the Citizens State Bank of Antelope has been allowed to operate as long as it has is due te Of Complications of Measles the criminal policy pursued by the and Scarlet Fever-Private Montana State Banking Department under the management of Bank ExFuneral Sunday. aminer Skelton who is at present under indictment on a felony charge The beautiful little baby daughter in connection with the looting of the of three years, one of the twins of Mentana Banking Corporation of Mr. and Mrs. Ed. Kjelstrup, passed which he is a director and which office into the great beyond. Thursday evhe is allowed to hold by Gov. Dixon ening, about 7:30 after a lingering in spite of the fact that he has been illness of a couple of weeks, the reaccused of a felonious crime against sult of a complication of measles and the depositors and stockholders of scarlet fever. The little girl was the above Helena institution. born February 7th, 1921. Thursday The Citizens State Bank of Anteafternoon it became apparent that lope has been allowed to stay open the tot's life was commencing to ebb, and operate in brazen violation of when the parents sent for Dr. Jones of Williston and Frank Fishbeck made every banking law an the statutes of the State of Montana. The institua record drive to Culbertson and back tion has not had the required reserve in two hours and a half but the docfor over two years and it was actualtor was too late, and the little soul ly bled dry. A number of Antelope slipped away a couple hours after citizens are the losers because of this night fall. policy of the State Banking DepartThe funeral which will be private ment, many farmers and business will be held at the Kjelstrup home men having deposited the returns Sunday and interment will be made from this fall's crap and business, at the Lutheran cemetery. which they were unable to afterwards to get out of that bank. Officers of the State Banking Department arrived in Antelope ThursSID BENNETT AND day and took over the bank pending the appointment of a receiver. Sheridan county had in this bank, BILL STEVENS BUYS when it closed. which it has been unable to get out of it, the sum of DANIELS CO. LEADER $22,000, entirely covered by surety bonds. The county treasurer has been trying to reduce the county dePlace Burley Bowler, Former Editor posits in this bank since early in 1921 when this bank became insolvof the Scobey Sentinel in Charge of Same. ent and commenced the policy of refusing to pay the County Drafts and The deal was closed Monday at early in 1921 protests were filed with Scobey whereby Bill Stevens and the State Banking Deparment by Sid Bennett became the owner of the County Treasurer Olson regarding its Daniels County Leader, buying the condition, but the county treasurer same from Joe Dolin, who founded was never able to get any cooperathat paper about two years ago. It tion from the State Banking Department which allowed that bank to take is reported that several others are interested in this paper with Messrs. the money of innocent depositors in Stevens and Bennett. The new prospite of the fact that those officers well knew that this institution was prietors of the paper will run the same as a stand pat republican pubhopelessly insolvent. lication and with the aid of Burley Many farmers and business men are Bowler, whom they have hired for edibadly involved because of the Antetor of the paper. they will try to lope banking situation. come back politically in Daniels counThere is no talk about reorganizaty. It is reported that there will be tion and reopening in reference to a complete Stevens-Bennett republithis bank. A receiver will probably can ticket in the field for the coming be appointed shortly by Judge Comer. election in the above county.
