11210. First Trust & Savings Bank (Billings, MT)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 2, 1910
Location: Billings, Montana (45.783, -108.501)

Metadata

Model: gpt-5-mini
Short Digest: 24c02d85

Response Measures

None

Description

First Trust & Savings (a subsidiary of First National) suspended operations after the First National was closed by the comptroller/examiners (early July 1910). A receiver was appointed in mid-July and the bank remained in receivership (closure). No explicit depositor run is described in the articles.

Events (2)

1. July 2, 1910 Suspension

Cause: Government Action
Cause Details: Suspension followed the closing of the First National by direction of the comptroller and after national bank examiners imposed conditions; the subsidiary suspended as a consequence.
Newspaper Excerpt: With the closing of the doors today of the First National bank of this city the business of the First Trust and Savings bank of Billings, a subsidiary concern, also was suspended.
Source: newspapers

2. July 14, 1910 Receivership

Newspaper Excerpt: Samuel D. Reynolds has been appointed receiver for the First Trust and Savings bank of Billings. ... The bank closed its doors last week and since then its officials have been engaged in an effort to arrange for its re-opening.
Source: newspapers

Newspaper Articles (15)

1. July 3, 1910 The Daily Missoulian Missoula, MT

Article from The Daily Missoulian, July 3, 1910

Click image to open full size in new tab

Article Text

BANKS ARE FORCED TO SUSPEND PAYMENT THE TWO LEADING BILLINGS IN. STITUTIONS COMPELLED TO CLOSE THEIR DOORS. Billings, July 2.-(Special.)-Financial interests and the public in general were given a shock this morning by the posting of notices on the doors of the First National bank of this city to the effect that that institution had suspended payment. Although there is considerable comment about the streets it seems to be the prevailing opinion that the bank will soon open its door and little fear is expressed. As in the time of the recent financial stringency, however, a large number of people are resorting to the postal money order department as indepository. It is understood that National Bank Examiner Goodhart has been going over the records of the Institution for several days and that he Incposed certain conditions which the directors declared could not be met on the spur of the moment and suspension was decided on The First Trust and Savings bank identi. fied with the First National, thought bei to also close its doors for the present. It is hoped, however, that conditions will be so arranged that both banks will be able to resume business.

2. July 3, 1910 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, July 3, 1910

Click image to open full size in new tab

Article Text

undivided profits and $1,692,425 in deposits. SUBSIDIARY CONCERN IS CLOSED WITH PARENT BANK BILLINGS, Mont., July 2.-With the closing of the doors today of the First National bank of this city the business of the First Trust and Savings bank of Billings, a subsidiary concern, also was suspended. The latter institution was managed independently of the First National, but the officers of both institutions were the same. The Trustees Savings bank has a capital stock of $100,000 and an unofficial statement places its deposits at $450,000.

3. July 4, 1910 New-York Tribune New York, NY

Article from New-York Tribune, July 4, 1910

Click image to open full size in new tab

Article Text

TWO MONTANA BANKS SUSPEND Subsidiary Concern at Billings Affected by Closing of First National. Billings, Mont., July 3.-With the closing of the doors yesterday of the First National Bank of this city, the business of the First Trust and Savings Bank of Billings, a subsidiary concern. also suspended. The latter institution was managed independently. but the officers of both institutions were the same men. The Trust and Savings Bank has a capital of $100,000 and an unofficial statement places its deposits at $450,000. The official of the First National Bank are: P. R. Moss, president: L. M. Goodwin, vice-president: Robert N. Newton, cashier; L. B. St. John, assistant cashier. None of the seven other banks of Billings appears affected by the suspension. Officials of the other banks say both suspended institutions will resume soon.

4. July 6, 1910 The River Press Fort Benton, MT

Article from The River Press, July 6, 1910

Click image to open full size in new tab

Article Text

A. J. Hodge in the Berlin murder trial in Judge Donlin's department. If the the testimony of Hodge is corroborated by other witnesses, and he was not put on the stand by the prosecution, Berlin's act appears to have been committed in self defense. GREAT FALLS, June 30.-The Tod block, at the corner of Central avenue and Second street, was sold late this afternoon to the Cooper-Hughes Investment company of Milwaukee, the consideration being $150,000. The deal is the largest that has been made in Great Falls realty for a number of years past. The building was purchased from the heirs of J. Stewart Tod of New York city, who erected it in 1892. BOZEMAN, June 30.-Two highwaymen held up and robbed Wm. Buck within a few rods of the Northern Pacific depot here this evening, obtaining $20 in gold. Buck, who is a middle-aged laborer, was waiting between trains and was strolling about the place. Two young men stepped up and chatted for a minute, then one presented a gun and demanded Buck's money. They took all he had, but gave back 25 cents and told him to get something to eat with that. LEWISTOWN, June 30. - Thomas Burke, aged about 50, was murdered in his cabin at his claim close to the Cumberland mine, at Maiden, yesterday afternoon. The body was accidentally discovered by A. Moller, of the Cumberland last night. He had some business with Burke, and failing to find the man anywhere about town went up to the claim. So far there is no clue to the murder, except some trouble Burke had over a mining claim last winter may have had something to do with the shooting. HELENA, July 2.-Montana was enriched to the extent of $2,688 this afternoon, when Dr. W. H. Haviland deposited with the secretary of state a check for the amount covering the filing of fees for the articles of incorporation of the Butte, Boise & San Francisco Railroad company. HELENA, July 2.-Gold ore running $50,000 to the ton was discovered this week in the Golconda mining district, near Jefferson City, on a group of claims in which W. E. Farlow of New York, but now living in Helena, is interested. Mr. Farlow refuses to talk, saying he wanted nothing in the papers about the strike. GREAT FALLS, July 1.-A complimentary banquet was given former United States Senator Gibson, the founder of Great Falls, in the New Park hotel tonight by more than 200 of his townsmen, who gathered for the purpose of observing his birthday. Senator Gibson was showered with congratulations in the hotel lobby while the guests were waiting for the banquet to begin. In the toasts that were delivered during the course of the evening the guest of honor received many a fitting and deserved tribute, delivered in a manner that indicated that they came straight from the heart. BILLINGS, July 2.-The announcement yesterday of the suspension of the First National bank and the First Trust and Savings bank, following a visit of the national bank examiners, came as a distinct surprise to the people of this city. Both banks are largely owned by P. B. Moss, who for the past ten years has been one of the leading spirits in the development and encouragement of the industries of this city, as well as the settlement of eastern Montana.

5. July 7, 1910 The Twin City Star Minneapolis, MN

Article from The Twin City Star, July 7, 1910

Click image to open full size in new tab

Article Text

the Debolt Building and Loan association of Cincinnati, who was found guilty of embezzling $20,000 from that institution, was sentenced to serve nine years in the Ohio penitentiary. Everett Carleton Crear of Albany, N. Y., a cadet at West Point, denied that he was chewing gum when asked by the officer of the guard. Crear was tried and found guilty of making a false statement and was dismissed. Chief Justice Melville Weston Fuller, for nearly twenty-two years the presiding officer of the United States Supreme court, died suddenly July 4 at his summer home in Sorrento, Me. His death, which was wholly unexpected, was caused by heart failure. All the rooms of the White House will be accessible to the public during the coming summer for the first time in many years. Before leaving Washington President Taft gave instructions that the buildings should be thrown wide open. Members of the Order of Red Men from northern Indiana and Ohio went to Roanoke, Ind., to celebrate the one hundredth birthday of Mrs. Anthony Revarre, an Indian princess whose nasp ешви ear Five thousand regulars took part in Chicago's "sane Fourth" parade and opened a big military tournament to last ten days. The Catholic Educational association began its annual meeting in Detroit, among the notable persons present being Mgr. Falconio, the apostolic delegate. Angelo Hamilton, convicted of murdering Mrs. Sallie B. Hix at Lynchburg, Va., last June, was electrocuted at Richmond, Va. Many of the cotton mills of the United States were shut down until July 11 to curtail production. One hundred thousand operatives are affected. Freight rates on lemons from southern California to eastern destinations were reduced from $1.15 to $1 by the interstate commerce commission, to take effect September 1. Engineer E. B. Jolley and Fireman H. Mitchell of west-bound passenger train No. 5 of the Atchison, Topeka & Santa Fe railroad, were killed at Cedar Point, Kan., in a wreck caused by an switch uedo John William Hallahan III., a prominent junior member of the Philadelphia bar, husband of a daughter of the late Daniel O'Day, Standard Oil millionaire, was killed by being caught between the floor and an elevator in a hotel at Cape May, N. J. Two negro men who robbed and killed a white man were taken from the county jail at Charleston, Mo., and lynched by a crowd of 350 whites, most of them being farmers. The failure of the First National bank and the First Trust and Savings bank at Billings, Mont., which closed their doors, came as a great surprise to commercial and industrial circles of the state. It is believed they will pay every dollar. Meat prices will remain high till the fall at least. The best authority in the country made that statement-the Sujxy quit op 07 e.rom has oum ивш prices the packers send out than any other in the country-J. Ogden Armour, when he returned after eight weeks in Europe. Pleading for a united party and urging the elimination of rancor and strife, many county conventions in Iowa adopted resolutions calling upon President Taft to remove from his cabinet those who have attempted to read out of the party the Insurgents. W. J. Bryan returned to Lincoln, Neb., from his six weeks' trip to Europe. He will remain ten days in Nebraska, devoting his time to state politics. Just what form his political activity will take Mr. Bryan is not prepared to say. The convention of the National Education association in Boston began with sessions of the National Council Education JO A masked bandit held up the mail and express stage which runs betwen Placerville and Norwood in San Miguel county, Colorado. Several passengers were lined up along the road and compelled to surrender their valuables. Prof. William F. Bade of the University of California will soon undertake an expedition into the Hamath region of Asia Minor to excavate cities of the ancient tribes of Hittles, which flourished several thousand years before the Christian era. Collector Loeb's figures for the fiscal year just ended show he collected in duties and fines at the port of New YORK Reports from London say that Mrs. Anthony J. Drexel, Jr., who before her marriage a few weeks ago was Miss Marjorie Gould, is suffering from an abscess in the ear, which may make a dangerous operation necessary. Philip Schanz, secretary and cashier of the Aldo Sommers Drug com-

6. July 7, 1910 Gilpin Observer Central City, CO

Article from Gilpin Observer, July 7, 1910

Click image to open full size in new tab

Article Text

WESTERN. Denver building permits for June totaled $1,150,000, a record breaking figure for one month. Three were killed in an explosion at the Du Pont powder factory near Tacoma, Wash., Thursday. Prospects are reported good for the location at Denver of the 1913 conclave of the Knights Templar. It was estimated that 70,000 persons gathered at City park, Monday night, to see the fireworks exhibition. Ex-Senator W. A. Clark of Montana returned from abroad Thursday and denied that he aspired to the Senate again. Ambrose Donahue, a merchant policeman of Leavenworth, Kans., was shot and killed by a boxcar hobo whom he was endeavoring to arrest. Six persons were killed, twenty or more injured, and a number of buildings destroyed by a powder explosion in a store at Boulder, Jefferson county, twenty-five miles south of Helena, Thursday evening. The First National Bank of Bill ings, Mont., was closed by direction of the comptroller of the currency, Friday. Succeeding the closing of the First, the First Trust and Savings, a subsidiary concern, suspended also. The meeting of the Trans-Missouri bureau, to have been held in Denver Wednesday has been abandoned. This indicates that the western railroads will make no attempt to adjust western freight rates until a final ruling is had from the Supreme Court on the Kindel case in October. Porter J. McCumber, stalwart, and A. J. Gronna, insurgent, have been nominated in the North Dakota Re. publican primaries for the United States Senate. In the gubernatorial contest C. A. Johnson the stalwart candidate, has defeated J. A. Buchanan, the insurgent candidate, for the nomination. Manager H. H. Younger of the Palisade (Colo.) Fruit Growers' association has received notice from Traffic Manager Bush of the Colorado Midland of a reduction in freight rates on peaches, pears and apples to $1.25 per 100 pounds. This is the rate in California, and the reduction may have been a result of the passage of a law prohibiting higher charge for a "short" than for a "long" haul. The Rio Grande and the Eastern roads will make the same rate.

7. July 7, 1910 The Julesburg Grit-Advocate Julesburg, Big Springs, CO

Article from The Julesburg Grit-Advocate, July 7, 1910

Click image to open full size in new tab

Article Text

WESTERN. Denver building permits for June totaled $1,150,000, a record breaking figure for one month. Three were killed in an explosion at the Du Pont powder factory near Tacoma, Wash., Thursday. Prospects are reported good for the location at Denver of the 1913 conclave of the Knights Templar. It was estimated that 70,000 persons gathered at City park, Monday night, to see the fireworks exhibition. Ex-Senator W. A. Clark of Montana returned from abroad Thursday and denied that he aspired to the Senate again. Ambrose Donahue, a merchant policeman of Leavenworth, Kans., was shot and killed by a boxcar hobo whom he was endeavoring to arrest. Six persons were killed, twenty or more injured, and a number of buildings destroyed by a powder explosion in a store at Boulder, Jefferson county, twenty-five miles south of Helena, Thursday evening. a The First National Bank of Billings, Mont., was closed by direction of the comptrolier of the currency, Friday. Succeeding the closing of the First, the First Trust and Savings, a subsidiary concern, suspended also. The meeting of the Trans-Missouri bureau, to have been held in Denver Wednesday has been abandoned. This indicates that the western railroads will make no attempt to adjust western freight rates until a final ruling is had from the Supreme Court on the Kindel case in October. Porter J. McCumber, stalwart, and A. J. Gronna, insurgent, have been nominated in the North Dakota Republican primaries for the United States Senate. In the gubernatorial contest C. A. Johnson the stalwart candidate, has defeated J. A. Buchanan, the insurgent candidate, for the nomination. Manager H. H. Younger of the Palisade (Colo.) Fruit Growers' association has received notice from Traffic Manager Bush of the Colorado Midland of a reduction in freight rates on peaches, pears and apples to $1.25 per 100 pounds. This is the rate in Callfornia, and the reduction may have been a result of the passage of a law prohibiting higher charge for a "short" than for a "long" haul. The Rio Grande and the Eastern roads will make the same rate.

8. July 8, 1910 The Ely Miner Ely, MN

Article from The Ely Miner, July 8, 1910

Click image to open full size in new tab

Article Text

the officer of the guard. Crear was tried and found guilty of making a false statement and was dismissed. Chief Justice Melville Weston Fuller, for nearly twenty-two years the presiding officer of the United States Supreme court, died suddenly July 4 at his summer home in Sorrento, Me. His death, which was wholly unexpected, was caused by heart failure. All the rooms of the White House will be accessible to the public during the coming summer for the first time in many years. Before leaving Washington President Taft gave instructions that the buildings should be thrown wide open. Members of the Order of Red Men from northern Indiana and Ohio went to Roanoke, Ind., to celebrate the one hundredth birthday of Mrs. Anthony Revarre, an Indian princess whose native name is Kil-so-quah. Five thousand regulars took part in Chicago's "sane Fourth" parade and opened a big military tournament to last ten days. The Catholic Educational association began its annual meeting in Detroit, among the notable persons present being Mgr. Falconio, the apostolic delegate. Angelo Hamilton, convicted of murdering Mrs. Sallie B. Hix at Lynchburg, Va., last June, was electrocuted at Richmond, Va. Many of the cotton mills of the United States were shut down until July 11 to curtail production. One hundred thousand operatives are affected. Freight rates on lemons from southern California to eastern destinations were reduced from $1.15 to $1 by the interstate commerce commission, to take effect September 1. Engineer E. B. Jolley and Fireman H. Mitchell of west-bound passenger train No. 5 of the Atchison, Topeka & Santa Fe railroad, were killed at Cedar Point, Kan., in a wreck caused by an open switch. John William Hallahan III., a prominent junior member of the Philadelphia bar, husband of a daughter of the late Daniel O'Day, Standard Oil millionaire, was killed by being caught between the floor and an elevator in a hotel at Cape May, N. J. Two negro men who robbed and killed a white man were taken from the county jail at Charleston, Mo., and lynched by a crowd of 350 whites, most of them being farmers. The failure of the First National bank and the First Trust and Savings bank at Billings, Mont., which closed their doors, came as a great surprise to commercial and industrial circles of the state. It is believed they will pay every dollar. Meat prices will remain high till the fall at least. The best authority in the country made that statement-the man who has more to do with fixing prices the packers send out than any other in the country-J. Ogden Armour, when he returned after eight weeks in Europe. Pleading for a united party and urging the elimination of rancor and strife, many county conventions in Iowa adopted resolutions calling upon President Taft to remove from his cabinet those who have attempted to read out of the party the Insurgents. W. J. Bryan returned to Lincoln, Neb., from his six weeks' trip to Europe. He will remain ten days in Nebraska, devoting his time to state politics. Just what form his political activity will take Mr. Bryan is not prepared to say. The convention of the National Education association in Boston began with sessions of the National Council of Education. A masked bandit held up the mail and express stage which runs betwen Placerville and Norwood in San Miguel county, Colorado. Several passengers were lined up along the road and compelled to surrender their valuables. Prof. William F. Bade of the University of California will soon undertake an expedition into the Hamath region of Asia Minor to excavate cities of the ancient tribes of Hitties, which flourished several thousand years before the Christian era. Collector Loeb's figures for the fiscal year just ended show he collected in duties and fines at the port of New York $234,250,000.01. Reports from London say that Mrs. Anthony J. Drexel, Jr., who before her marriage a few weeks ago was Miss Marjorie Gould, is suffering from an abscess in the ear, which may make a dangerous operation necessary. Philip Schanz, secretary and cashier of the Aldo Sommers Drug company at Quincy, III., has disappeared and expert examination of his books is alleged to show a shortage of more than $15,000. Prince Henry of Prussia and a party of scientists sailed for the Arctic ocean to prepare for Count Zeppelin's proposed dirigible balloon expedition to the pole in 1912. When the parachute in which he was attempting to come to earth after a balloon ascension at Albany, Ind., failed to open Ray Bradley, twentyfive years old, dropped 1,500 feet and met instant death. Three persons were killed, twenty or more were injured nd a number of buildings were destroyed by a powder explosion in the store of the

9. July 14, 1910 The New Era Walden, CO

Click image to open full size in new tab

Article Text

WESTERN. Denver building permits for June totaled $1,150,000, a record breaking figure for one month. Three were killed in an explosion at the Du Pont powder factory near Tacoma, Wash., Thursday. Prospects are reported good for the location at Denver of the 1913 conclave of the Knights Templar. It was estimated that 70,000 persons gathered at City park, Monday night, to see the fireworks exhibition. Ex-Senator W. A. Clark of Montana returned from abroad Thursday and denied that he aspired to the Senate again. Ambrose Donahue, a merchant policeman of Leavenworth, Kans., was shot and killed by a boxcar hobo whom he was endeavoring to arrest. Six persons were killed, twenty or more injured, and a number of buildings destroyed by a powder explosion in a store at Boulder, Jefferson county, twenty-five miles south of Helena, Thursday evening. The First National Bank of Billings, Mont., was closed by direction of the comptroller of the currency, Friday. Succeeding the closing of the First, the First Trust and Savings, a subsidiary concern, suspended also. The meeting of the Trans-Missouri bureau, to have been held in Denver Wednesday has been abandoned. This indicates that the western railroads will make no attempt to adjust western freight rates until a final ruling is had from the Supreme Court on the Kindel case in October. Porter J. McCumber, stalwart, and A. J. Gronna, insurgent, have been nominated in the North Dakota Republican primaries for the United States Senate. In the gubernatorial contest C. A. Johnson the stalwart candidate, has defeated J. A. Buchanan, the insurgent candidate, for the nomination. Manager H. H. Younger of the Palisade (Colo.) Fruit Growers' association has received notice from Traffic Manager Bush of the Colorado Midland of a reduction in freight rates on peaches, pears and apples to $1.25 per 100 pounds. This is the rate in California, and the reduction may have been a result of the passage of a law prohibiting higher charge for a "short" than for a "long" haul. The Rio Grande and the Eastern roads will make the same rate.

10. July 15, 1910 The Washington Times Washington, DC

Article from The Washington Times, July 15, 1910

Click image to open full size in new tab

Article Text

RECEIVER NAMED FOR BANK. HELENA, Mont., July 15.-S. D. Reynolds has been appointed by the distriet court receiver for the First Trust and Savings Bank of Billings.

11. July 15, 1910 The Daily Missoulian Missoula, MT

Article from The Daily Missoulian, July 15, 1910

Click image to open full size in new tab

Article Text

APPOINTS RECEIVER FOR BANK ASSISTANT ATTORNEY GENERAL PLACES SAMUEL D. REYNOLDS IN CHARGE. Helena. July 14.-Assistant Atterney General Murphy announced this evening that Samuel D. .Reynolds had been appointed receiver for the First Trust and Savings bank of Billings. This action was taken pursuant to an order issued yesterday by Judge Sanner at Billings, sitting in place of Judge Sidney Fox. Attorney General Galen, who Is at Billings, had instituted suit there in the district court of Yellowstone county in the name of the state of Montana, which has $25,000 deposited in the First Trust and Savings bank. The object of the suit was to have a receiver appointed and Judge Sanner's order was made returnable at 2 o'clock this afternoon. Mr. Reynold's bond was fixed at $60,000. The bank closed its doors last week, and since then its officials have been engaged in an effort to arrange for its re-opening.

12. July 15, 1910 Albuquerque Morning Journal Albuquerque, NM

Article from Albuquerque Morning Journal, July 15, 1910

Click image to open full size in new tab

Article Text

Receiver for Montana Bank. HelenA, Mont., July 14.-Samuel D. Reynolds has been appointed receiver for the First Trust and Savings bank of Billings, Mont., pursuant to an order issued yesterday by Judge Sander at Billings. Reynolds' bond was fixed at $60,000. The bank closed its doors last week and since then Its officials have been engaged in an effort to arrange for its reopening.

13. July 15, 1910 The Salt Lake Herald-Republican Salt Lake City, UT

Article from The Salt Lake Herald-Republican, July 15, 1910

Click image to open full size in new tab

Article Text

STATE GETS RECEIVER Montana Has Official Appointed to Look After Its Deposit in Closed Bank. 1 Helena, Mont., July 14.-Assistant Attorney General Murphy announced this afternoon that Samuel D. Reynolds had been appointed receiver for the First Trust & Savings bank of Billings, Mont. This action was taken pursuant to an order issued yesterday by Judge Sanner at Billings, sitting in place of Judge Sidney Fox. Attorney General Galen, who is at Billings, had instituted suit there in the district court of Yellowstone county in the name of the state of Montaña, which has $25,000 deposited in the First Trust & Savings bank The object of the suit was to have a receiver appointed, and Judge Sanner's order was made returnable at 2 o'clock this afternoon. Mr. Reynolds' bond was fixed at $60,000. The bank closed its doors last week, and since then its officials have been engaged in an effort to arrange for its reopening.

14. July 23, 1910 The Garland Globe Garland, UT

Article from The Garland Globe, July 23, 1910

Click image to open full size in new tab

Article Text

NORTHWEST NOTES There is a movement on foot for the incorporation of the town of Elko, Nevada. Major John Talbot, U. S. A., retired, a famous civil war veteran, Indian fighter and pioneer, died at his home in Cheyenne, July 13, aged 78. A fire caused by sparks from a chimney on the Steve Williams ranch in White river valley, Nevada, destroyed the corrals, cow sheds, seventy-five tons of baled hay and all this year's crop of alfalfa. The first through green fruit train over the Western Pacific left Sacramento on July 13. It is made up of twenty cars billed to Chicago and made a run of forty-six hours from Sacramento to Salt Lake City. The great glacier in Rainy Hollow near Haines, Alaska, is moving at the prodigious rate of twelve feet a day. Huge masses of ice are falling with thunderous noise over the precipice at whose brink the glacier discharges. Twenty-five preachers of the Ministerial association of Tacoma have waited on the city commissioners and asked them to prohibit the exhibition of the Jeffries-Johnson fight pictures. The council took it under advisement. James Franklin, believed by the authorities to have been one of the three men who held up and robbed a north bound Oregon Short Line passenger train near Ogden, Utah, a short time ago, has been arrested at Reno, Nevada. Girls turning 16 are absolutely irreligious and have no soul to speak of, according to Dr. G. Stanley Hall, president and professor of psychology at Clark university, Worchester, Mass., lecturing at the summer normal school at Greeley, Colo. Robert Blackley, a carpenter, who had been working at Garrison, Mont., and who was on his way to Deer Lodge to do some carpenter work, was struck by a Northern Pacific passenger train, about three miles from Garrison, and killed. A compulsory bath nearly proved fatal to H. Schwartz, under arrest for vagrancy in Denver. When Schwartz was taken to the city jail he was compelled to take a bath. He entered the tub in fear and trembling, was immediately seized with a fit and nearly drowned. Professor William T. Foster of Bow. doin colelge, who this summer is teaching in Columbia university, has accepted the presidency of Reed institute, a college to be built at Portland, Oregon, from a fund given by Mrs. Amanda Reed and now amounting to $3,000,000. Maggie T. Lockart, 17 years old, was drowned while bathing in Big Moose creek, a few miles from Sheridan, Wyo. The girl had been in bathing with several companions and reached a depth over her head. Grace Allen went to her rescue and narrowly missed meeting the same fate. Acting in behalf of the state, Attorney General Galen has made application to the district court of Yellowstone county, Montana, for a receiver for First Trust & Savings bank, alleging insolvency. The state had on deposit $50,000 in this and the First National bank of Billings, allied institutions. Governor Norris and Attorney General Galen have addressed a circular to sheriffs and county attorneys of Montana, calling attention to alleged violators of the gambling, fighting and wine room laws, and warning them that if they are not enforced steps will be taken to bring about their summary removal. A portion of the J. C. Teller dam in Turkey Creek valley, in Colorado. gave way on July 13, the result of a cloudburst, which had caused the

15. December 16, 1910 The Harlowton News Harlowton, MT

Article from The Harlowton News, December 16, 1910

Click image to open full size in new tab

Article Text

DIVIDEND BY FIRST TRUST CO. Initial Payment of the First Trust and Savings Bank at Billings to be Made this Month As a Christmas present to the depositors of the First Trust and Savings Bank of Billings, the receiver, S. G. Reynolds will declare the first dividend within the next few days. Judge Sidney Fox of the district court stated last week that the affairs of the institution were now in such shape that it will be possible to give those who have money tied up in the bank, a small portion, on or before the twentieth of the month. It cannot be definitely told at this time, just what the size of the dividend will be but Judge Fox stated that it would be in the neighborhood of 20 per cent. "I expect to work day and night from now until the time for declaring the dividend," said Receiver Reynolds, "but we will be able to pay in the neighborhood of 20 per cent, before Christmas anyway.