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Montana Bank To Pay About Third Great Falls, Mont.-Receiver H. M. Emerson, of the West Side State Bank of Great Falls, last Wednesday applied to the District Court for permission to pay a 35 per cent divident to depositors, and checks for the various amounts will be issued July 3rd. The bank closed December 20th, 1923, the claims against the bank being something over $70,000.
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News of Montana Brief Notes Concerning the Treasure State Plan Sugar Factory.-A sugar factory for the lower Yellowstone valley in the not distant future is one of the t possibilities that is at this time stirring the morale to a hectic enthusiasm. Three weeks ago a party of men, composed of directors and officers of one of America's largest sugar companies, made a trip over this project, and although publicly declaring to the contrary, the inspection was so thorough as to demonstrate more than passing interest. Comes now R.S. Nutt, a Sidney man, who has always ben a leader in financial and development circles and who, the community has reason to presume, is in closext touch with this large sugar company, and who has taken 90-day options on five pieces of choice farm lands which he admits is highly suitable for beet sugar factory sites and demonstration farms. Insurance Plan Launched.-A farmer's mutual Insurance company has been organized by the ranchers of Tobacco Valley and Lincoln county. Temporary organization was perfected by the officers of the Tobacco Valley Livestock association, the directors of which are C. 0. Winkley, J. M. Rummel, Fred Marvel, Joseph Peltier, T. M. Quirk. J. W. Millegan, secretary for the association is acting as secretary. The articles of incorporation recite that the name of the company shall be, Lincoln County Farmers'' Mutual Insurance company; its purpose to protect the members from loss by fire and lightning: its field of operations, Lincoln county. and the principal place of business, Eureka; its directors those listed above: that the 25 members incorporating with insurance totalling $55,945. Mine Money on Looted Train-Rep cent looting of the crack mail train on the Milwaukee railroad was of more than passing Interest to the miners employed by the Republic Coal company, h of the Klein mine near Roundup. A shipment of currency amounting to apM proximately $30,000, intended to meet the mid-month pay roll, was among the fi loot taken by the bandits. This fact Id was ascertained shortly after the robfi bery and a duplicate shipment was S sent from Chicago immediately. de Men Now Operating Holdings.-WN. p liam Maxwell, state mining inspector, H who recently organized the Highland C Consolidated Mining company, has se taken a crew of men to the property, 19 miles south of Butte to start the B work of getting things ready for active K operations. The property, which cono sists of 19 adjoining claims, has been M nactive for the past eight years. More to than a score of Butte persons are ownper ers of the group, which was recently consolidated by the Highland company, st Crops in Richland Show 100 Per an Cent-The weekly crop report is as fe ollows: Richland county's wheat to lax and oats acreage maintaining 100 er cent condition. Corn slightly backM vard with promise of being knee high y July 4. Sugar beet acreage of best ut little chance for weeding. Alfalfa, ay and grazing continuing improve cla nent even over last week. Five rains Ch uring last week total two and three Ce uarters inches. Best prospect in pa istory. will Bank WIII Pay Dividend.-A diviend of 35 per cent will be paid soon by the depositors of the West Side mu tate bank of Great Falls following the thi ranting of the petition of Receiver H. peo Emerson, filed in the district court, the sking permission to disburse $23,717 per ow available for that purpose. a Improve Beaver Creek Roadmir hrough an arrangement in which ins ewis and Clark county and the forit service are co-operating, the highgra I ay from Nelson up Beaver creek to bas e Martien ranch is being repaired. of here is considerable bridge work to done. pre feet
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ENTER DEFAULT JUDGMENTS TO BANK RECEIVER Two Stockholders in West Side Institution Have Not Paid Liability Default judgments' for $605.65 and against W. W Moses and L. H. Hamilton, respectively, were Friday granted S. Doyle. as receiver of the West Side State bank of Great Falls, by District Judge H. H. Ewing. The action was instituted to enforce payment of stockholders' statutory liability. The bank, according to the complaint. was capitalized at $25,000. divided into 250 shares of $100 par value each, On December 21. 1923, the institution suspended operations and Mr Doyle was appointed receiver on June 28. 1924. Needs Full Liability In the action, the receiver stated that the bank is "in hopelessly insolvent condition." and that in order to pay its debts and liabilities it was necessary to collect the full amount of stockholders' liability. Such action was authorized by the court on April 23. 1924. which issued an order requiring the payments to be made ratably on or May 1926. G. P. Andrews, Newman. James Byre. Jone Boehme F. G. Givens, W. H. George. L. H. Diehl. Margaret B. Johnson Lucy A. Major. Robert Rundle Minnie Schubert. Mary E. Stone. W Sherwood, Lorene Burks and D. K. Schrader. all stockholders. it was stated. remitted the full amount of their liability. Two Have Not Paid Moses. however. was alleged to have failed and refused to pay $500 asand similar charge was made against Hamilton, who was liable for $1,000. The two defendants are the only persons against whom action can be taken as Berry McDonald Edna O'Brien. the Ottawa Banking & Trust company as trustee for Katherine Lou Rhoades and Horace Rhoades. other stockholders. are residents of Canada and cannot be sued.