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Poteau Gets New Bank Receiver ing Page has been appointed receiver of the First National bank, succeeding J. H. McMorrow who has been called to Bartlesville where his oil business demands his attention, there being in creased activity in oil, BUTLER-Two modern fireproof cotton gins will be constructed here.
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FIRST NATIONAL PAYING OFF IS The defunct Frist National Bank ten per of Poteau began paying cent dividend last Tuesday, the dividend coming year and month the bank failed. after The bank has thousand dollars to pay off this time, and the payments will continue until this amount is paid out. The first day something like six thousand dollars was paid out to something like two hundred people. One thousand people will get dividends from this, the first payment. The bank had approximately two thousand depositors at the time went broke, representing every community within twenty miles of No tell positively one can how much will be paid to the depositors before the bank is finally wound up, that depending, we sume on the amount collected oweing the bank. Mr Page, the Receiver, says he has handled many banks in this condition but that he has never, in all of his experience come in contact with people equal to the people he has met while paying out this dividend. He says they are the most friendly, cheerful and helpful he ever saw, treating him more like people who had not lost any thing than people who had just suffered heavy loss. We regret to note that Mr. R. H. his Greenlee has been confined to room this week with sickness.
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BANK'S RECEIVER SUES BOND GROUP Suit was filed Monday in the United States court by Irving Page, receiver of the First National of Poteau against the United States Fidelity Guaranty company, of Baltimore, for $10,000 This sum is alleged to be due by reason of the bank's funds by S. Doyle, director and cashier, is under ten by the in the of The petition that Doyle's much more than the sum named in the bond.
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Poteau Steam Laundry in and against of the plaintiff in all the defendants entered in said Court and action on the 13th day of May, 1925. for the sum of $2250.00. together with interest thereon at the rate of the ten per cent per annum from the 1st day of December, 1924, the further well as until paid, as sum of $200.00 attorney's fees. Third: To the payment of judgement lien in favor of the defendant, J. H. Morrow, Receiver of First National Bank of Poteau, Okla., a corporation, and against his co-defendants, Hattie Knapp and J. L. Knapp, her husband, entered in said court and action on the 13th day of May, 1925, for the sum of $500.00 with interest thereon at the rate of ten per cent per annum from the first day of November, 1924, until paid and the further sum of $50.00 attorney's fee. Said property to be sold without appraisement subject to all taxes due and unpaid. Given under my hand this 14th day of November, 1925. MONROE SELF, Sheriff. E. C. Stanard, Attorney for Plaintiff, Shawnee, Okla. Pub. Nov. 19-26. Dec. 3-10-17.
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NOTICE OF SHERIFF'S SALE No. 5094. Notice is hereby given by virtue of an order of sale issued by the Court Clerk of LeFlore County, Oklahoma on the 14th day of November, 1925, and to me directed and delivered as the Sheriff of said county in an action pending in the District Court of said County wherein W. W. Meeker is plaintiff and Hattie Knapp and J. L. Knapp, her husband, Conservative Loan Company, Conservative Loan poration, Trust Company, a corporation, Fluke and C. M. Cade, Receivers, George Parker, the First National Bank of Poteau, a corporation, H. Morrow, Receiver of the First National Bank of Poteau, are defendants, will at the hour of two o'clock P. M., on the 22nd day of December, 1925, at the front door of the Court House in the City of Poteau, LeFlore County, Oklahoma, offer for sale and sell at public auction to the highest bidder for cash in hand the following described real estate premises which are charged with the payment of the hereinafter described debts and cost, to-wit: The West Half of the Northwest Quarter of Section Township 6, North of Range 25 E. M., in LeFlore County, Oklahoma. and will apply the proceeds arising therefrom as follows: First: To the payment of the cost of said action and sale. Second: To the payment of judgment and decree of foreclosure