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BANK RECEIVER NAMED Albany, Or., Aug. 18 C. Bryant, Albany attorney. has been appointed by the comptroller of the currency as receiver for the First National bank of Albany, according to word received yesterday from Washington. The botany collection of the University California contains approximately 500,000 specimens.
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COUNTY TREASURER WILL BE ENJOINED Nance Awaiting Notice of Action by Receiver of First National County Treasurer Grover Nance this expecting with an injunction by Receiver Bryant of the First National Bank Albany the sale Albany bonds posted by the bank to secure county deposits. In conversation this Mr. Bryant notice of the forthcoming action while the the proposal that the bonds sold the United States National Bank of Portland. where they are deposit for safe keeping, money held by the bank awaiting the by court. The court ordering the the time provided that the bonds Albany. that time the Port land bank has refused to turn bonds the treasurer. holding that issued receipts for them National Bank can not except at the receiver. The chief that of possession of the bonds, the receiver hold that they the property bank the county that rightfully belong the county, since the bank closed its The comptroller of banks, according reaching Albany. has ruled that $12,000 bonds over which the question of the the act in posting them for originally been put jeopardy prior ruled that subsequent pledging the bonds given legal stamp transaction that not exempted liability for the Included the Klamath Falls bonds, which were held by the county sheriff secure the bank and which were the sheriff's by the treasurer. The receiver asking this $2,000 bonds returned bank but he has objection the the bonds, they sold Portland and the money in subject the federal court's the money.
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BOND SALE HITS SNAG Bank Receiver to Go Into Court to Prevent County Action. ALBANY, Or., June County Grover Nance was notified today by C. Bryant, receiver for the First National bank of Albany, that the receiver will seek prevent the sale of in bonds posted as security for county deposits in The securities in United States National bank The was that the be satisfied the turn of $2000 held security for the sheriff's account, today but the county yields this point the scheduled next will be held up. Bryant made that the sale held the proceeds be held in trust subject to award of the federal
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COUNTY BANK CASE UP MONDAY Oscar Hayter, of Dallas, attorney for C C. Bryant, receiver of the First National Bank of Albany, was here Tuesday conferring with the county attorney regarding the injunction hearing which will come up in Federal court in Portland next Monday. The injunction prohibited the county treasurer from selling security given by the bank to protect county funds, other than enough to cover his own account. The bank receiver says that the sheriff's and clerk's accounts are unpreferred claims while the county claims they are preferred. These accounts total $7,043.57. The county has held up secur-