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OTHER CAPITAL CITY BANKS FEAR RUNS Helena, Aug. 24.-Irregularities discovered by Jay G. Larson, state bank examiner, and the unqualified statement of W. S. Goodyer, cashier, that he is $100,000 short in cash, caused the closing of the Farmers & Mechanics State Bank of Helena yesterday afternoon. when the directors met and were informed of a shortage of $50,000.00.
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POSSIBLE REORGANIZATION OF CLOSED BANK PUT IN HANDS OF A COMMITTEE TO KEEP IN TOUCH WITH RECEIVERSHIP AND ACT LATER, IF OPPORTUNITY ARISES At the close of an extended discussion of the affairs of the closed Farmers and Mechanics State bank. stockholders and creditors took action last night at meeting in the Pythian hall in the Sixth ward, in the appointment of a protective committec of four, to keep in touch with the receivership and to look into ways and means toward a possible reorganization of the bank. The committeemen were nominated from the floor, as follows: Representing the stockholders, Ole Swanson and F. E. Kennedy and for the depositors, S. J. Tomcheck and Ed Walker. Mr. Tomcheck president. The defalcation of the cashier, W. S. Goodyer, who is now in the state penitentiary, amounting to approximately $100,000, led to the bank's closing last August. Meet With Judge Poorman. The committee of four was requestcd to confer with Judge W. H. Poorman of the district court this morn- (Continued on rage Seven.)
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POSSIBLE REORGANIZATION OF CLOSED BANK PUT IN HANDS OF A COMMITTEE TO KEEP IN TOUCH WITH RECEIVERSHIP AND ACT LATER, IF OPPORTUNITY ARISES At the close of an extended discussion of the affairs of the closed Farmers and Mechanics State bank. stockholders and creditors took action last night at a meeting in the Pythian hall in the Sixth ward, in the appointment of protective committec of four, to keep in touch with the receivership and to look into ways and means toward a possible reorganization of the bank. The committeemen were nominated from the floor, as follows: Representing the stockholders, Ole Swanson and F. E. Kennedy and for the depositors. S. J. Tomcheck and Ed Walker. Mr. Tomcheck president. The defalcation of the cashier, W. S. Goodyer, who is now in the state penitentiary, amounting to approximately $100,000. led to the bank's closing last August. Meet With Judge Poorman. The committee of four was requestcd to confer with Judge W. H. Poorman of the district court this morn- (Continued on Page Seven.)
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THE JUDGE POORMAN THINKS DEND SHOULD NOT UNDULY DELAYED Claims are being filed with H. Longmaid, receiver of the Farmers and Mechanics State bank, the Sixth ward, but not as rapidly might bc, was said yesterday. At the suggestion of Judge Poorman, the district court. the ceiver has mailed letters to all perhaving claims pending, urging haste in filing and thus expedite the business of the receivership. short instruct the receiver his report," said Judge Poorman, "even though that time there to be claims appears outstanding, that an order can made for the distribution of dividend. The financial condition the receivership makes substantial dividend possible. and am of the opinion that should be declared without undue delay, in many stances would relieve money stringency perhaps especially acute coming winter."
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STATE BRIEFS Butte-Edward J. McCool foreman at the Steward mine, died at St. James hospital as a result of injuries received from a fall of ground on the 2,800-foot level of the Steward. Helena-Commutation of the sentence of William L. Hemmick of Carter county, as recently recommended by Governor J. E. Erickson, has been approved by the state board of pardons. Butte-A 10 per cent dividend of approximately $120,000 has been declared for Yegen bank depositors, according to a report filed with Judge William E. Carroll by Receiver Harry Hanson. Deer Lodge-Z. G. Coolidge in a heroic manner, saved James E. Penkake, flagman for the Northern Pacific railway at their crossing here, from serious burns when he extinguished the burning clothes of Mr. Penkake. Missoula - Vivian Corbly, journalism graduate at the State university of Montana in 1922 has recently been named national adjutant of the Disabled American War Veterans, according to word received here. His headquarters are in Cincinnatti. Fort Besten-John W. Tattan, age 79. judge of the district court and one of Montana's widely known pioneers, fell and broke his left collar bone while feeding his chickens. His chief regret was that he also broke seven perfectly fresh eggs. Helena-The request of the stockmen of Wolf Point and vicinity contained in a petition filed with the Montana railroad commission October 8 for enlarged and improved stock yards at Wolf Point, has | been concurred in by the Great Northern railway. Helena-Articles of incorporation of the North West Service Stores, Inc., have been filed with the secretary of state. The corporation is formed to engage in the retail mercantile business in Wolf Point, Glasgow and Plentywood, Mont., and Williston N. D. Roundup-Concern of a relative over possible propery loss to Eddie Green and sulted Tuesday in the arrest of Green and Mr. and Mrs. George Bennett and incarceration in the county jail with a charge of illegal possession of intoxicants placed against them. Helena-The Legal Tender Mining company has been incorporated with principal offices in Butte, according to articles filed with the secretary of state by the incorporators, L. M. Cobb, L. C. Chapman and Alex Walker all of Butte. The authorized capital is $250,000. Roundup-John Fink, a pioneer resident here, was found dead in a well at Carpenter Creek. He had been drilling a well there. It is believed he had been dead several hours before he was found. A paralytic stroke resulting in instant death is said to have been the cause. Helena-Harold E. Longmaid of the Interstate Lumber company, one of three who had been recommended by creditors and stockholders of the defunct Farmers and Mechanics State bank of Helena has been appointed receiver of that bank. His bond was fixed at $75,000. Missoula-Dr. J. H. Underwood of Missoula, one 0 fthe oldest faculty members of the state university in point of service, and author of note, an authority on sociological subjects and a representative of national and international societies died in a Washington, D. C., hospital a few days ago, Great Falls-An estate valued at approximately $308,300 was left by the late AnX drew Thisted, Great Falls merchant who y died October 12 according to a petition for probate of the will filed in district court by Mrs. Augusta Thisted, widow. The major portion of the estate consists d of real estate, located in Great Falls. a Roundup-To have traveled across Canale da to the Pacific coast and back through the United States as far as Roundup withdie,
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CASHIER'S SHORTAGE FOUND TO BE $91,333.16 HELENA-The actual cash shortage of W. S. Goodyer, defaulting cashier of the closed Farmers' and Mechanics' State bank, is $91,333.16, according to a report filed by Receiver H. E. Longmaid. Goodyer is now serving a term in the penitentiary at Deer Lodge. The report is for the period from October 27, when Mr. Longmaid was appointed receiver, to November 30. It shows that the individual deposits of the institution totalled $114,813.07; savings deposits, $41,706.53; time certificates of deposit, $25,539.18, and cashier's checks $16,424.02. Collections on stock liability so far total $3,650. A eonsiderable sum has been realized from stocks, bonds, and warrants.
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BANK RECEIVER TO SELL CITY PROPERTY Receiver H. E. Longmald of the Farmers and Mechanics State bank was given permission by District Judge W H. Poorman to sell lots in the Flower Garden addition to Christ Rickert for $1,010 and a lot in the Northern Pacific addition to Red Cross lodge, Knights of Pythias for $1,200 The sale was authorized to satisfy promissory note of C. J. Hill of Pocatello, formerly of Helena, according to Receiver Longmaid. USE FOR LOUD SPEAKERS. Japanese railway stations have loudspeakers for announcing trains
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Fraudulent Records Found Partly Burned in Stove in Helena HELENA. Oct and bits paper took court records here found the state bank examiner declares, stove in the Farmers and Mechanics State bank, Helena. the day closed, after embezzlements for which its cashier. W. Goodyear, serving prison sentence The papers were declared Wednesday fraudulent records carried by Goodyear hide his from state The Auto Finance suing to recover alleged have collected for by the bank Receiver Harold presented the partially destroyed papers in supof that destroyed and it is impossible determine to whom credits are due. Quebec senator has reached 100 years and never had headache Congress must be lot different up there.
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TORN AND CHARRED RECORDS USED FOR CHECK-UP ON BANK By Press. HELENA, Mont., Oct. 5.-Torn and charred bits of paper took place in court records here today. Found, the state bank examiner declares, in stove in the Farmers and Mechanics' State bank here the day it closed after embezzlements for which its cashier, W. S. Goodyer, is serving a prison sentence, the papers were declared today to be fraudulent records carried by Goodyer to hide his irregularities from the state officials. The Helena Auto Finance company is suing to recover $21,000 alleged to have been collected for it by the bank. Receiver Harold Longmaid presented the partially destroyed papers in support of statement that records were destroyed and it is impossible to determine to whom credits are due.
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RECORDS DESTROYED. CREDITORS OF BANK LEFT HOLDING SACK (By Associated Press! Helena, Oct 7.-Torn and charred bits of paper took a place in court records here. They were clares. in stove in the Farmers and Mechanics State bank here the from the state officials alleged to have been collected for visited. it by the bank Receiver Harold Longmaid presented the partially destroyed papers in support 01 statement that records destroy ed and it is impossible to determing to whom credits are due.
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LAWYERS ATTACK BANK TESTIMONY MRS. ABRAHAMSON'S COUNSEL ATTEMPTS TO IMPEACH WORD OF STEVE TOMCHECK. In an effort to impeach the testimony of Steve J. Tomcheck, witness for the defendant in the case of Clara Abrahamson, intervenor. against Harold Longmaid, receiver of the Farmers' and Mechanics' State bank, portions of his testimony before the court in the Helena Auto Finance corporation trial were this morning ordered read into the record. This morning he said that he had talked with Mrs. Elsie Goodyer concerning notes purported to have been held by her mother. Clara Abrahamson, shortly after the bank was closed after embezzlement of funds by Cashier W. S. Goodyer. He testified that he recognized two of the notes as having been signed by Mr. or Mrs. Drake. Mrs. Abrahamson asks that she be allowed $1,500 alleged to be due her on R note she had purchased from the bank before its failure and which she claims was listed among bank assets. Attorneys Gunn and Spaulding for Mrs. Abrahamson alleged this morning that in testimony yesterday in the case of the Helena Auto Finance company, Tomcheck testified he could not remember whose signature were on notes shown him by Mrs. Goodyer. Mrs. Goodyer denied the conversation ever took place. Mrs. Abrahamson, on the stand. told of taking $2,000 from her savings account in the Farmers' and Mechanics bank and investing it In notes and bonds which were recommended by Cashier Goodyer: $1,500 was invested in so-called Drake notes, she testified The notes she said, were left in the bank for safekeeping and she never saw them although she produced a re. ceipt for them signed by Goodyer. Before the notes came due she said the bank failed and she has not been paid. Receiver H. O. Longmald told how he had searched for such notes among papers at the bank when the demand was made. He found none which had been indorsed to Mrs. Abrahamson, he sald, although there were several Drake notes among the bank's assets, among which was one for $1,500. R. L. Smith. deputy state bank exam Iner identified several notes as those he had found and had listed as assets of the bank when It failed. When Tomcheck testified that he had seen Drake notes endorsed to Mrs. Abrahamson In the possession of Mrs Goodyer after the bank had closed, plaintiff's attorneys asked him to reconcile that statement with one made yesterday that he did not remember the signatures. They offered to put Colonel J. J. McGuinness, court reporter on the stand to testify as to the court record of yesterday. A compromise was reached whereby portions of the transcript will be read into the record when it is completed. The trial of the case of the Helena Auto Finance company against the bank's receiver was completed yesterday afternoon and both cases were taken under advisement by Judge W. L. Ford, of White Sulphur Springs. Attorneys were given 30 days after the completion of the transcript for the filing of briefs Receiver Longmald was represented in each case by Attorney Henry C. Smith. C A. Spaulding and Milton C. Gunn represented the Helena Auto F1nance company and Mrs. Clara Abrahamson
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Failed Bank Will Pay Another 15 Per Cent Dividend to Creditors Receiver Harold E. Longmaid yesterday filed a petition in the district court in the receivership of the Parmers and Mechanics State bank of Helena asking to be allowed to declare another dividend of 15 cents. and Judge Poorman made an order granting the petition. The petition said that seven per cent of the money was from general collections from debtors of the bank. while eight per cent was from stockholders The receiver also filed thice reports, one each from the months of July. August and September. In July the reports said the assets and lia- bilities amounted to $247,600.42 and the expenditures came to $668.73 The assets and liabilities in August were given at $248,917.11 and the expends tures at $126.50. The assets and ha bilities nt September came to $249.00041 and the expenditures totaled The receiver also asked and rereived approval of the allow of three claims by Caroline Baunigart for S3. James Donovan for $56.24. and Lugene McPherson for $25. The claimants waived rights to participate in past dividends. one and two. The receiver's bond lately was cut from $75,000 to $35,000.
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NOTICE TO CREDITORS Farmers and Mechanics State Bank Helena, Mont. The third dividend checks are ready and may be called for at the office of the receiver. Be sure to have your certificate with you
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BANK RECEIVER FILES HIS FEBRUARY REPORT Longmaid of the Farmers and Mechanics State bank, vesterday filed in the district court his monthly report 01 the finances of the institution for the month of February The report gives the expenditures at $415.50 for the month The assets and liabilities are set down at the same figure, $250,131.19 The rents collected during the month, set down 111 the liabilities column, are given at $29. Additional that terest received at $3,093.62
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BANK RECEIVER ASKS PERMIT TO DEPOSIT $24,000 H. E. Longmaid, receiver of the Farmers and Mechanics State bank, asks permission to deposit $24,000 in a bank for six months, in petition filed in district court. He sets forth that al. though judgment has been returned in district court in favor of the bank in the suit of the Helena Auto Finance corporation which sued for $22,000, it is understood that an appeal is to be taken. A suit is pending In which Mrs. Clara Abrahamson asks a judgment of $1,500.