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c. M. ROUSE NAMED BANK RECEIVER TO SUCCEED PAGE GALLUP, N. M., Nov. 20 (Spc clal)-Judge Reed Holloman Be urday appointed C. M. Rouse succeed the late Gregory Page receiver of the Gallup State bank Mr. Rouse will take charge once.
14439. Gallup State Bank (Gallup, NM)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- March 1, 1925*
- Location
- Gallup, New Mexico (35.528, -108.743)
Metadata
- Model
- gpt-5-mini
- Short Digest
020e9992
Response Measures
None
Description
Articles describe the Gallup State Bank as having closed and being operated under receivership (Gregory Page initially, later C. M. Rouse). There is extensive reporting about alleged misconduct by receivers and transactions around the bank's failure, but no article describes a depositor run or heavy withdrawals as the initiating event. Thus this is a suspension (closure) with receivership due to bank failure/insolvency (bank-specific adverse information). Dates of closure are not explicitly given; receiver appointment of C. M. Rouse is reported Nov 20, 1926. Other reporting (1927) discusses the receiverships and events surrounding the failed bank.
Events (3)
1.
March 1, 1925*
Other
- Newspaper Excerpt
- on March 19, 1925 ... the bank sold to the First National bank, Los Angeles, $70,000 notes ... that Page later, as receiver, paid the notes from receivership funds in order to protect himself and associates ... on the day the bank closed, Page withdrew more than $5,000 from his personal account.
- Source
- newspapers
2.
November 20, 1926
Receivership
- Newspaper Excerpt
- C. M. ROUSE NAMED BANK RECEIVER TO SUCCEED PAGE ... appointed C. M. Rouse succeed the late Gregory Page receiver of the Gallup State bank.
- Source
- newspapers
3.
November 20, 1926
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed and placed in receivership; reporting describes dwindling deposits, insolvency and transactions around failure (withdrawals by president on day it closed).
- Newspaper Excerpt
- Judge Reed Holloman ... appointed C. M. Rouse succeed the late Gregory Page receiver of the Gallup State bank. Mr. Rouse will take charge once.
- Source
- newspapers
Newspaper Articles (10)
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BYRD PARTY SAFE; PLANE IS SMASHE Holloman Refuses Data On Closed Banks HANNETT ASKS BAR BOARD TO GIVE ACCESS TO BOOKS OF GALLUP RECEIVERSHIPS Former Governor Alleges Information Is Necessary in Order to Prepare Answer and Bill of Particulars; Judge Declines to Let Auditors See Records Until After Date They Are Needed Alleging that it is essential for him to have access to the records of the receivers of the McKinley County bank and the Gallup State bank in order to prepare the bill of particulars he has been directed to file with the state board of bar commissioners on or before July 15 in the Holloman controversy, and alleging further that Judge Reed Holloman has refused to give permission for such access, former Governor A. T. Hannett, through his attorney, Fred E. Wilson, mailed to the clerk of the commission Thursday night a petition asking that the commission either direct the bank receivers to produce the records or ask the supreme' court to issue an order for them to produce the records for examination by certified accountant to be H. Hudspeth, of Carrizozo, chairman of the board of bar commissioners, told Attorney Wilson in a long distance telephone conversation Thursday night that he lieves the matter is one to be acted on by the bar commission as whole and that he will call meeting of the board of nine commissioners for that purpose. In his petition, former Governor Hannett sets forth that Inasmuch as the bar commission has directed him to file on or before July 15, together with his answers to charges made by the bar association committee and discipline. a bill of particulars setting forth in detail any specific charges tending to prove the truth of general charges made against Judge Holloman, will be necessary for him to have the books and accounts kept by the receivers examined by auditors. Mr. Hannett. in his writings in the Journal, as result of which he was cited to appear before the bar commission. criticized severely the conduct of the receiverships of the two Gallup banks, whose receivers were appointed by Holloman. Mr. Wilson. after consultation with Simms and Botts, Holloman's attorneys. telephoned Holloman Thursday noon asking him to make the receivers' records accessible to certified auditor to be paid by Hannett, but Holloman refused to do this until after Hannett has filed his answer and bill of particulars. The preparation of the petition followed this refusal. The general charges made in connection with the receiverships. upon which he is required to file bill of particulars setting forth the charges in detail, are that Holloman working the receivership business over time, that the re. ceivership of the McKinley county bank has been used as a part of Holloman's political machine. that Holloman authorized settlement in full of notes due depositors of the McKinley County bank on perfectly solvent debtors for mere fractions of what they owed, in return for political support, and that Holloman "engaged in politics and was active in political conventions, lobbying with the legislature. dabbling with receiverships, and threatened receiverships, for political purposes." Loans Unsecured In his petition. Hannett sets Continued on Page Eight AUTO KILLS CHILD ALAMOSA. Colo., June 30 (P)Floyd Eskridge, a 4-year-old son of Mr. and Mrs. J. T. Eskridge of La Jara, Colo., was instantly killed Wednesday night when an automobile driven by his mother turned turtle near there. The boy's neck was broken.
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HOLLOMAN THROWS OPEN BOOKS OF GALLUP BANK RECEIVERS TO AUDITORS OF HANNETT Simms Says Hannett's Position Amounts to Admission He Didn't Know What He Was Talking About in Making Charges Against Judge; Bar Commission Takes no Action in View of Agreement; Holloman Wants no Exoneration by Default. The hearing on T. Hannett's petition asking them to order Gallup State and McKinley County bank receivers to permit an of their records came sudden and unexpected finish bethe state board of bar commissioners today when Judge Reed Holloman voluntarily offered to to open their to Mr. Hannett's auditors on a single condition. In view of this, the former governot's counsel. assenting to Judge's terms, there was no necessity of the board's taking any action on Mr. Hannett's petition. as worded by John of Simms Botts, counsel is that Mr. Hannett's judge, gentleman's agreement in his answer, and attempt charges against Judge Holloman quoted from Mr. Hannett's colin the Albuquerque Journal petition taken up by today. THE CHARGES charges working the receivovertime." receiver of the county bank was appointseveral ago. The rehas been used as part Holloman's political machine.' "Holloman's settiement in full of notes due the of the bank (referring bank on perdebtors for mere fractions of what they owed in for political support." was not fault of the writer that Judge Holloman is engaged in polities and active in conventions, lobbying the legislature, dabbling with and threatened for political puragree to this you can have today," said Mr. Simms. WANTS NO DEFAULT charges were made against newspaper, said Judge HolloMr. Simm's statethe gentlemen will agree them here before this board, Hannett's answer, they can the books today. don't want cleared these charges by deoffimanner by Mr. Hannett and to attempt to prove them." as these charges are conin the boar's complaint against said Fred E. Wilson, of for the former they have to be included in his He was to Judge Holloman's proposal respect to one charge, in Mr. Hannet inand believed the McKinley bank receiver has lent large of money certain business in the Town of Gallup" with Holloman's consent and without As to this Mr. said was not embraced in which Mr. Hannett to answer. AGREE ON AUDITORS suggested Burke of Albuquerque as the Mr. Simms consented, proMr. Stephenson Mr. StephenMr. Linder jointly have charge audit. Zinn. who was beside Mr. Wilson, raised some to whether Mr. Stephenson able to undertake the work. need to make order matter, shall wire the Judge Holloman told the questions arise to carrying out the James Hervey, of was appointed umpire by the as to the personthe auditing force NOT THERE members of the board were H. Hervey, Carl H. Gilbert, D. and Percy Wilson. Hahnett did not appear. we're hear Hudspeth the attorneys were summoned the supreme court room followshort executive session by the Wilson then read the former petition (which was printthe New Mexican July have the board order the bank to allow Mr. Hannett's audimake an examination of their HANNETT NEEDS INFO. want the information before of particulars filed: not Mr. Wilson, com the stand hereofore taken Holloman that once Mr. filed his him against open up the books to his be said, these sources of information facts and figures and other data bearing on his newsallegations against the judge. your contention that has the to power subthe them their books before Wilson. any event replied Mr. Wilson commission could summon them Aug the date set with their and continue the hearing until had chance to go over The commission could could not order the to appear he Mr. Hannett was required by the board to file bill of particulars, listing the charges he has made the Journal, together with his swer to the Ethics committee's complaint against Mr. Hannett by July 15. KNEW WHAT WAS TALKING ABOUT? "Mr. Hannett wrote (in the Jour nal) not as what he thought but as statements fact," said Mr Simms. "Now he says that certain of bis charges such that Judge Helloman is working receivership business over time. The commission is now proof of this by July 15, but asking Mr. Hannett to specify be meant by this-what particular receiverships and what he meant by working them over time. Either he knew what he was talking about when he wrote that, or he didn't All he has to by 15 is tell what he meant by this: not to prove time for proof comes later at the hearing on August "Their position amounts to this: We didn't know what we were talking about in making these yague charges, but if we can examine all the records we might find something to criticise. Mr. Hannett talking about audit when he these charges his newspaper? He couldn't have been. "Their position is like man who threatened with indictment by grand jury for sheep stealing insists upon being present in the grand jury room when the investigation of his case is made, saying it won't fair unless he "They can have those books not for the purpose of finding some_ thing to charge, but for the purpose of what they charge when they file their "HUNCH" CHARGES? not going to say Hannett didn't know what he was talking about when wrote these artireplied Fred Wilson "because not authorized to and wouldn't be true might make charge that man is confirmed horse thief. just because have hunch when he walks across the street. If, brought to trial on libel charge, prove that he is, that would be ample justification. Mr. Hannett might prove his charges, from what he had in mind when wrote, from his notebook or by facts he had never heard
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HANNETT HAS HIS CHARGES AGAINST HOLLOMAN READY TO FILE WITH BAR BOARD Concern Seeking Franchise in Santa Fe Paid Judge $500 Influence; that Bank Receiver Lent Ilfeld Company $31,000 Political Support; that He Conspired with Others to Control Mulct Gallup Water Company; that Receiver Used ReceivFund to go Into Hardware Business. Albuquerque, July Gov. A. T. Hanhis answer prepared for to the citation the of bar commissioners charges against Judge Holloman of Santa Fe, althe articles written and by him in his daily colthe Albuquerque Journal and he offers to furnish the board of the truth of set forth in the artihearing scheduled bethe board on Aug. 2. in of particulars filed with the forth in detail accusations receiverships of two Gallup alleging irreguthe settlement of notes for favor and the loans of totaling $31,000 by on an employe of the Charles to the company withevidence of Indebtedness, the loans on the books and charging an average interest of per cent and political support the $500, CHARGE particulars also alleges Holloman accepted $500. promised $1,000 more stock for his support and utility interest that was electric light franchise in charges are that Holloman to perform the function judge: that Holloman has the his for political purposes; that used his judicial power to force the payment of $675 he knew to be illegal Joseph Peterson, teacher Juan county and from carrying out his by force of an in San Juan county. CONSPIRACY further says that Holloman entered into conH. Denny and H. Gallup attorneys, Arthur Gallup and Francis E. attorney. to gain control municipal works mulcting the water attorneys and receivership of the patronage the operation of the plant the plant an instrugain control of the plant and use Hannett's property interest Electric Light Power Co. LAUNDRY DEAL Mapel, receiver of County bank, appointed arranged sell himone Henderson, the laendry for when an offer for $6,000 for the from Martin Murphy and offer was not accepted transaction had been in Hannett's column in the Mapel has never filed required law, although received upwards of receiver; that laundry to be worth than as he has purmachinery and supplies costof $4,300 for the plant receivership funds, but short and had stated that he sell the laundry for less ACCUSES MAPEL rring to the authorization of of debts by the receiversolvent debtors for less than Hannett alleges that two the K. M. Drug aggrewere settled for two notes aggregating $3.two years and John Chapman for settled for $250. to the alleged manipulafor political purHannett, charges that B. appointed Holloman McKinley County bank, guilty of malfeasance. in directly chargeable and that the assets of the bank for the highest depositor's POLITICS receivership has been loss and that the operat for years and nine been $63,460.15 while revenue was bought the property bankrupt appraised for out of ceivership fund for the purpose of operating hardware store in competition with Vidal, political That Mapel is engaging in business with the funds of the and far as can be ascertained, continue the receivership That the late Gregory Page, close political and personal friend of Holloman, was appointed receiver of the closed Gallup State bank of which he had been president in spite of motion by the attorney general protestIng against the appointment. ATTACKS DEAD MAN That Mr. Page transferred 500 shares of his stock in the bank to Botems prior to its failure and that Page withdrew $5,239.43 of his personal funds from the bank on the day It closed. That Page, Sharp Hanson and H. Morris, officers of the bank. endorsed notes aggregating sold to the First National bank of Los Angeles and then paid these notes funds to protect them. selves from liability their guaranty. That property worth more than the amount of their savings deposits the closed bank was transferred McDermott and Floyd and to McDermott in cancellation of their savings deposits and that this was done for the purpose of concitiating McDermott. prominent Republiand strengthening Holloman's political organization. RECEIVER POLITICIAN That large sums money from Gregory account were transferred to the account Gretchen H. Lyon prior to the closing of the bank and that this was done for the purpose of the money from of the bank and that Page, nor his successor, M. Rouse has ever made any tempt to recover this money. That Rouse, appointed by Holloman to succeed Page is an active politician without banking experience and owed the bank when closed and still though he has received approximately $1,000 for acting receiver.
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SUMMARY OF HANNETT CHARGES AGAINST JUDGE HOLLOMAN In brief the Hannett charges Holloman as developed in against of particulars are follows in addition to the Gallup telephone case: POLITICAL ACTIVITY That Holloman too active specifically that he was the 1922 Republican state delegate to was candidate for govconvention, before president the ernor Manuel Otero for Governor club, lected and disbursed money in advocacy Otero's candidacy: made speeches the 1926 for Republican state candidates; member state executive committee; political boss of Santa city and county: lobbyist at the legislaand took part in the caucus on ture, senate ratification Hannett pointees during pendency Otero contest. alleged Holloman has "openly boasted' his power political boss. That refused disqualify himself in the McKinley county election cases, certifying that he had not election of the Republican conurged alleged that Holloman's is ties and judicial functions impartial That he told civil service would get him fired if he employe voted for Hannett. told Dr. Luckett the That he officer levy be McKinley but that Dr. M. Washburn would not because he was to close to the ployed Hannetts. BRIBE ALLEGED It is alleged Holloman received $500 in cash and the promise 000 more promise his influence with the Santa Fe city council in the matter the electric light and water That he said his fight with Hannett and Magee was not over until they driven of the state.. That Judge Holloman wrongfully his office San county force the of alleged legal claim for teacher salary one Mary Joseph for political purposes. WATERWORKS CASE alleged Holloman entered into with Denny, Yersin, Arthur and Francis E. Wood through the Gallup for fees, control patronage, and use control of the municipal power plant order destroy interest the Gallup Electric Light and Power Co. STEAM LAUNDRY failed to Laundry proper reports his trust, that the partially deal property and that later the receiver for NOTE SETTLEMENT It alleged that to gain political support court fairs insolvent McKinley County bank, authorized settlement notes aggregating 000 note for $399.15 for $250. McKINLEY COUNTY BANK In the case of the McKinley County bank alleged that the has failed to report the condition of his trust, this with the knowledge and consent of the court. That the court refused petition of the sell the bank assets public That the receivership has been erated loss. LOANED MONEY TO HIS COMPANY That Receiver Mapel, while also paid the Charles company, loaned company much without security evidence of indebtedness, to detriment of the depositors, in the political behalf of That with depositors' money ceiver Mapel bought business Bankrupt Shanklin $26,000 punish Vidal. bidder at the and busicompetitor Vidal was political enemy of Hollo- That the has showed months monthly loss of under Mapel, engaged in business with the funds power. That note for property worth only and note for lower interest when rence worth more than and that Lawrence and other debtors the receivership were told by HolDenny and Mapel that obligations would comprised for political support, which they gave. That had over deposited the Gallup State bank, when closed. without bond or security, the loss of the depositors. GREGORY PAGE. RECEIVER alleged and retain Gregory Page, president of the insolvent Gallup Bank receiver despite motion the attorney general to the conPage being close political and personal friend Holloman alleged Page transferred stock certificates from the bank personal liability on them. and withdrew over $5,000 from the bank the day closed its doors alleged Page paid notes the sum the First National Bank Los Angeles of the depositors' and funds protect himself and assoclates from liability on the guaranty Los Angeles alleged with the approval court the receiver state transferred Dermott and Floyd and Dermott property excess their claims settle claims, cillate McDermott and strengthen the "Holloman political organization" alleged that Page sequestered large accounts money failure of the bank, and
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GREGORY PAGE TOOK $5,200 FROM GALLUP STATE BANK ON THE DAY IT CLOSED, VICE PRESIDENT ADMITS J, W. Bontems Describes Purchase of Stock; Says President Exercised No Control Over Shares (By Special Leased Wire) SANTA FE. Aug. Bontems. vice president of the Gallup State bank. was led through labyrinth of financial deals by John Simms of counsel for Judge Reed Holloman at the Friday afternoon of the Hannett hearing before the state bar commission in an effort to explain the of transactions previous to the fullure of the bank, that have been brought out in the hearing in proof of charges that Judge Holloman manipulated receiverships for political purposes. Mr. Bontems told of the organition of three different companies -the Atargie, the Ramah and the Rocky finance cattle and sheep men who had heavy lines of paper in the bank. After this came the by which of paper was sold to the First National bank Los Angeles without which was later repurchased by the receiver. The notes were guaranteed by Directors Page, Morris and Hanson. Exceeded Legal Limit Mr. Bontems said that at one time David Garcia had much as $60,000 paper in the bank, when the legal limit was $20,000. Other excess loans were admitted. Mr. Bontems told of his purchase of 500 shares of stock of the bank, 250 on August 15, 1924, and 250 shares on Oct. 15. 1924. He said he gave notes and pledged life insurance and there was no side agreement with Mr. Page except that Mr. Page was to pay any assesements made on the stock. He Mr. Page later paid 150 per cent on the stock. amounting to $82,500. The money came from the sale of the Gallup Mercantile company to the Charles company and other property. The deposits of the bank were dwindling all the time. Mr. Bontems said and dropped from $875.000 to about $375,000 at the time was closed. In all. he said the stockholders paid of 350 per cent to keep the bank go. Mr. Page had never voted the stock he sold Mr. Bontems or exerclaed ownership of it, Mr. Bontem's said. Asked why there was delay in the naming of receiver after the bank closed. he said the examiner said after long distance call that he had talked with Governor Hannett and he did not think one would be made immediately. The counse) for Judge Holloman Continued - Page Five
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WOULD NAME PAGE AS RECEIVER FOR GALLUP BANK AGAIN, TELLS BAR COMMISSION Says It Was Not His Custom to Appointed by Him to Give Accounting; proved Use of Depositors' Money for purchase of $70,000 Loans Sold Without course to Bank and Indorsed by Page Other Bank Stockholders (By Special Leased Wire) SANTA FE, Aug. Reed on stand Friday night at the close of the Gallup State phase of the hearing of former Governor the State Bar commissioners for his charges in relation to receiverships in Judge Holloman's court, said he appoint Gregory Page receiver he had to do again, in spite of all the charges that have been made the hearing. The judge said he did not consider the transfer of 606 shares of stock by Mr. Page to W. Bontems, alleged have been made to escape liability, questionable. made the same remark about the repurchase by the ceiver of $70,000 loans sold without recourse, and charges. The judge said he had never seen a general report either of the two bank receivers in Gallup and was his custom to require such reports in
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Gallup State Bank Closing Is Heard In Hannett Case Santa Aug. documentary evidence was again troduced into the hearing of former governor Arthur T. Hannett, before the state board of bar commissioners, for his attacks through the Albuquerque Journal on the official integrity of district judge Reed Holloman, when the taking of testimony relative to Holloman's alleged manipulation to his own funds of the receivership of the Gallup State bank was begun Friday Governor Hannett's allegations with relation the alleged misconduct of the That appointed the late Gregory Page, president of the bank, receiver his bank. Holloman refused allow petition by the attorney general appointment. That Page transferred 500 shares his stock in the institution to W. Bontems, vice president, in order avoid personal liability as when the bank That on the day the bank closed, Page withdrew more than 85,000 his personal account That on March 19. 1925. month before the the bank, the bank sold to the First National bank. Los Angeles, $70,000 notes, pay ment which was guaranteed by Mr. Page and his associates and that Page later. as receiver, paid the notes from receivership funds order to protect himself and assopersonal liability counsel said they pected to show that Page, in transferring the stock agreed pay the if the bank certain period and did pay 150 per cent on the transferred stock. Gould, Albuquerque. special auditor employed by Hannett make an accounting of the records. was placed on the stand by Hannett Charles Faby partner to W Barker, the missing witness in the case, notified the commission that would with Barker Long Beach and felt sure he would return.
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JOURNAL MONDAY MEMBER BUREAU CASE The hearing of former Governor Hannett, who was cited before the State commission to prove his charges flecting on the official integrity of Judge Reed Holloman, has progressed through probably half of its course. This stage of hearing finds the board delving into the fourth the receivership charges alleged by Mr. Hannett, in all which some very interesting stories have been unfolded. Mr. Hannett alleged that receiverships in Judge Holloman's court were operated for the purpose of loot and for building the political machine of the judge. Enough evidence has been adduced thus far in the hearing to convince the average layman that there something peculiar about the operation of receiverships in the court. The judge admits he required reports of receivers in his court. The trusts were operated at the pleasure of the receiver and the judge with no opportanity given to creditors of the corporations to find out what was being done. The receiver of the McKinley bank in county four years had never made an accounting of his trust; had not even had recorded first inventory he made of the erty. the case of the Gallup the naming of the president of the bank ceiver against the petition of the attorney general and the charges of the bank aminer, defended: also the act of the president in drawing out his money the day the bank closed and in other transactions alleged to be illegal. The telephone company was thrown Into the hands of receiver without due notice, although the judge had threatened action order to accomplish merger he openly boasts he sought to effect. The made after the receivership, as the judge desired, but with several thousand dollars additional tacked on to the cost of the receivership. Through all these appears name of one C. Denny of Gallup. either counsel for some of the terested parties, attorney for the receiver. instance, for two interests almost diametrically opposed. He the judge's man "Friday" in almost action. judge as yet has made no defense the action of newspaper operated in receivership in his court in running antagonistic news stories about banks until made peace by advertising with the and then naming former newspaper enemy and the judge's intimate friend attorney for his bank. This one recital from the lips of the banker himself was evidence of the power of receiverin the judge's court to punish or bring enemies to terms. But the receivership charges are not all that have been touched Judge Holupon. admits his political activity, saying conscience and are his guide. He testified he would not subscribe to the canons of ethics of the American Bar association. He asserted there not judge in the state that does. will be disputed. There no other on the bench in New Mexico this time who has been accused of pernicious activity. Judge Holloman sets the of Klan opposition in San bogey county factional fights in Kinley county as the reason the threats has made in those places against dividuals and officers of his court. the existing, but does plores conditions far enough and state that is unhis political activity that doubtedly own the people the state mind They are resentful, true, largely responfor. judge on the bench would them; judge on the bench arouse off the bench twopolitician monster that is bound to create and strife. Enough evidence has been adduced thus in the hearing to make evident the state bar commission has before it. The controduty Mr. Hannett and Judge between not political fight. has admitted he is in politics; not to subscribe to he does propose of ethics of the American all serious enough to cause but now the from the bench, into charges of official going do reflect to the which not bar in the state. being aroused by the opinion the Mr. Hannett has charges which he protesting he offering before of the state people on the judicial and
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RECEIVER'S ASSISTANT GALLUP BANK LEFT JOB SHORTLY AFTER PREVENTED J. Hannett Says He Put $6,000 Purchase After Order for Disposal Plant to Henderson for $4,000 Been Signed by Court; Receiver Mapel Said Laundry Would Be Operated as Long as There Was Any Money in Bank; Hannett Paid Indebtedness to Bank with Promptness, Mapel Testifies Special Leased Wire) (By was lent SANTA FE, Aug. rather dull night session of the hearing before the state bar commission when Dr. stand at the close of the testimony took the the Gallup laundry deal to tell how he had put of the purchase price of $6,000 that Hender after the sale to paid for laundry phy been and after court $4,000 had der had been issued for the sale. Dr. Hannett testified later sold his half interest for $3,070, retaining that is formed $1,000 stock in the company operate the laundry. Hannett's charges the Journal to the Albuquerque that there conspiracy the laundry for expended $4,000 the receiver plant within for equipment for the the year previous. of Dr. Hannett The testimony rather took counsel for Judge Holloman off their feet after they working during been the afternoon and night session that there was nothing show usual the decision price of that Murphy because better ofwas merely for the plant made. fer first intimation Judge It was the Holloman's counsel had that Lebeck missing witness case. and former employe Mr. the receiver the McKinCounty and charge ley was actually party the the final purchase and party of the deal the blocking arranged by the "What. anything. did you have do with the assistthe of the purchase in Gallup Steam laundry for the Martin Murphy Dr. Hannett asked. up $3,000." "Where did receive inyou formation that the laundry and be told me that figured out that the was being sold. about the process of sold and he thought would be opportunity buy good and wanted good paying to know would like to go into the proposition. that the same Mr. Lebeck who assistant Mr. result of that conversation with Mr. Lebeck, what anything did you reference to buying the laundry he asked me about the matter. He didn't feel that he