Click image to open full size in new tab
Article Text
Special Federal Grand Jury Meets; May Consider A Bank Case, Is Rumor
A special federal grand jury, with Harry J. Burgess of Silver City as foreman, began its deliberations at the old Federal Building this morning. The special jury was called recently and it is rumored that it may investigate developments in the so-called Herndon bank case
The names and residences of the jurors follow:
L. P. James, Clayton.
F. L. Smith, Roswell.
Harry J. Burgess, Silver City.
Willard L. Prager, Roswell.
J. F. Ott, Corona.
C. E. Oden, Albuquerque.
Oliver Sharp, Aztec.
W. H. Jennings, Deming.
J. A. Lowe, Santa Fe.
Wm. H. Johnson, Roswell.
Climaco W. Aguirre, Los Lunas.
Chas. P. Trumbull, E. Las Vegas.
Otto Thomas, Aztec.
E A. Snook, Clayton
Leo Regensberg, E. Las Vegas.
F. L. Mehlhop, Dexter.
J. T. Cole, Santa Rosa.
Harold Scott, Las Cruces.
John Byrne, Clovis.
Fred A. Vogeding, French.
Hugo H. Lowenstern, Nara Visa.
Lawrence H. Burns, E. Las Vegas.
M. M. Shelton, Gallup.
SURETY CASE SET DEC. 1
Monday, December 1, has been set as the day of trial of the case of the Southern Surety Co., a corporation and the Fidelity and Deposit Co., of Maryland, a corporation vs. George A. Kaseman, O. N. Marron, and M. K. Wylder. The case will be tried by U. S. District Judge Phillips.
LOAN IS APPROVED
Judge Phillips has signed an order in the case of the War Finance corporation vs. the Livestock and Agricultural Loan Co., of New Mexico, authorizing Receiver Levi A. Hughes, of the livestock company, to loan El Capitan Livestock Co., funds sufficient to pay off a mortgage on the lands of said company now held by the First National bank of Albuquerque, due in the sum of $21,500.
SUIT FOR NEARLY $4,000
Suit was filed in the U. S. district clerk's office today by the National Bank of Commerce in New York, a banking corporation, vs. D. W. Condown, receiver of the Plaza Trust and Savings bank, a banking corporation, asking judgment for $3,964.55 and interest from December 15, 1923 and costs as due on a note. Attorney C. W. G. Ward represents plaintiff.
The complaint alleges that the plaintiff is entitled to such pro-rata distribution of dividends declared and paid by the defendant received as paid to other creditors of the Plaza Trust and Savings bank; it is also alleged that plaintiff has made demands for payment since the Plaza Trust and Savings bank declared a 25 per cent dividend.
DEFAULT DECREE
A default decree has been issued in the case of the government vs. Leon M. Aldrich for cancellation of homestead patent. Judge Phillips signed the decree.
RECEIVERS OFFERED $50,585 FOR DEFUNCT BANK
In the matter of the receivership of the First National bank of Clovis, H. A. Jacobs, as receiver of that bank, has filed a petition asking an order to sell all the real property of insolvent bank.
It is stated that the bank suspended business about August 30, 1924, and that petitioner has received an offer from S. A. Jones and A. W. Skarda, of Clovis, of $50,585.73 cash for real property and unpledged assets of the bank.
The petitioner says he has submitted the offer to the Comptroller of the Currency of the United States who has approved it; also that no better offer has been made. W. A. Havener, of Clovis, is attorney for petitioner.