State Bank & Trust Company (Carson City, NV)

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SPECIAL BILL FOR STATE BANK UHUL CASE Special to the Bonanza. CARSON CITY, Mar. 8.-The assembly today passed a bill providing for the re-incorporation of assets of defunct banks. The bill was framed to take care of the anticipated decision in the State Bank & Trust company case, in the event that there are any assets remaining after the costs of the receivership are paid.

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(Special to the Bonanza) CARSON CITY, Nev., Jan. 29. Judge, Langan decided the State Bank and Trust company case today in favor of the depositors and al lowed Receiver Wildes' fees allowed

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Judge McFadden to Decide Noted Case Judge McFadden will be called to sit in judgment in one of the final appearances in court of one of the oldest cases and one that will be remembered for a life time by many citizens of Carson City, who lost their savings through the failure of the State Bank and Trust company of that city. The information was received by Judge McFadden in a letter received Friday from Governor Boyle stating that Attorney General Fowler and Attorneys Mack and Green, appearing for the receiver in the case of the State of Nevada vs. the State Bank & Trust company of Carson, have entered into a stipulation assented to by District Judge F. P. Lanyon in which it is agreed to have Governor Boyle call a district judge to hear and determine any and all matters touching and affecting the Axing and allowance of attorneys fees and compensation for the receiver in the action. The governor wrote that he had learned that Judge Taber of Elko had declared himself disqualified through reason of a former partnership and requested Judge McFadden to act, writing "I have therefore named and called you in the place of and stead of Judge Taber. I sincerely hope that you will not find yourself disqualified in any way and I am sure that you will do a distinctive service by disposing of this matter."

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Judge McFadden to Hear Bank Case Judge C. J. McFadden expects to leave this morning for Carson City, where he has been called by Governor Boyle to occupy the judge's bench in the receivership case of the State Bank and Trust company.

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FEE OF ATTORNEYS IN STATE BANK CASE $28,500 In a decision filed in the Carson City district court by District Judge McFadden the attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution. The attorneys for the receiver are Mack and Green and A. A. Heer. The case was heard before District Judge McFadden under an agreement between the receiver's attorneys and Attorney General Fow. ler. Judge Langan, before whom the case originally was heard. had allowed a fee of $30,000 to the attorneys for the receiver.

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Judge's Removal Demanded

Carson City, Nev.-The removal of District Judge Frank P. Langan from office by the legislature of Nevada was recommended in a report filed in the senate by the joint committee that has investigated the district court proceedings in the State Bank & Trust company receivership's case, which has been pending almost thirteen years.

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Will Carson Papers Let Deceased Know For the edification of the deceased depositors of the defunct State Bank & Trust company, will the Carson papers kindly furnish enlightenment regarding the compensation that has been allowed the receiver, Frank L. Wildes, by Judge Frank P. Langan. Here is the item that appeared in one of the Carson papers. "In district court yesterday forenoon reports of Receiver Frank L. Wildes of the State Bank & Trust company covering the period beginning September 7, 1922, and ending January 1, 1922, and for the period from the first of the year until April 1, were heard and approved except as to items relating to compensation. Attorneys who participated in the proceedings were George Green for the receiver, Deputy Attorney General Robert Richards and Alfred Chartz, the latter appearing for certain depositors of the defunct bank."

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SALE CONFIRMATION WILL

BE VIGOROUSLY OPPOSED

The Carson News says that the recent sales of property belonging to the defunct State Banking and Trust Company, will probably be opposed by the state's attorney general and states: "The attitude of the attorney general's office toward confirmation of the sale of the State Banking & Trust Company assets made Monday by Receiver Frank L. Wildes under order from Judge Frank P. Langan was forecast yesterday by deputy Robert Richards, who stated: "Confirmation will be opposed primarily, on the ground that the whole proceeding was 'burlesque,' and secondly, on the theory that one of the essential elements of the notice of sale, 'place where,' was lacking. The general public could have no definit knowledge of the place of the sale through reading the published notice.'

"Richards said that he will insist that the receiver's report of the sale, which he invariably called "the burlesque," be made part of the records of the court, after which confirmation will be opposed.

"Judge Langan's order directing the sale provided that the receiver conduct the same and that it be held at the State Bank & Trust Company building in Carson City. The printed notice, however, gave no place other than the information that sealed bids could be received by the county clerk.

"One of the gentlemen who attended the sale on that day confided to a representative of the News that he doubted very much if sales would be confirmed, at the same time calling attention to what he claimed was omission of an essential part of the notice. He declared had the notice been perfect, according to his views, bidding on some assets offered for sale would have been higher."

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BANK RECEIVER IS DECLARED IN CONTEMPT

CARSON CITY, Nev., April 6.—Verbal charges that Frank L. Wildes is guilty of contempt of court in setting aside funds for his salary as receiver of the defunct State Bank and Trust company were made by Attorney General M. A. Diskin in the hearing held yesterday before District Judge G. A. Ballard. Diskin asserted Wildes had drawn a salary although a restraining order had been issued by the court forbidding him to set aside any sum for such purpose.

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CARSON CITY, Nov. 4.—The resignation of Gilbert Ross as receiver of the State Bank and Trust company was formally acknowledged by Judge G. A. Ballard of the first judicial district court when an order was entered vacating his appointment.