3943. Idaho State Bank (Hailey, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1910
Location
Hailey, Idaho (43.520, -114.315)

Metadata

Model
gpt-5-mini
Short Digest
43c34506

Response Measures

None

Description

No run is described in the articles. The bank failed to open around Aug 31–Sept 1, 1910, was turned over to the state bank examiner and a receiver was appointed; it did not resume operations and was wound up over the next two years. Cause cited in contemporaneous reports: ill-advised loans and largely worthless hypothecated collateral (loans to officers, esp. Leo Cramer). Receiver appointments and final discharge reported in subsequent articles.

Events (4)

1. September 1, 1910 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Ill-advised loans and investments; practically all collateral hypothecated and said to be worthless, large loans to vice-president Leo Cramer and his brother resulting in insolvency.
Newspaper Excerpt
The Idaho State bank at Hailey closed its doors Wednesday and is now in the hands of State Bank Examiner G. W. Cruse... The bank was not reopened on Thursday.
Source
newspapers
2. September 5, 1910 Receivership
Newspaper Excerpt
Hal Coffin, of Boise, a stockholder in the institution, has been appointed receiver. Bank Examiner Cruse declares that none of the depositors will lose. The liabilities of the bank are given as $475,000.
Source
newspapers
3. September 1, 1911 Other
Newspaper Excerpt
Fred G. Brown, receiver of the defunct Idaho State bank of Hailey, passed up the road Tuesday of this week from a business trip to Boise.
Source
newspapers
4. December 28, 1911 Receivership
Newspaper Excerpt
Fred Brown, late receiver for the defunct Idaho State Bank, of Hailey, has made his final report, and has been discharged... depositors will receive about 37% (or 68% if a suit decided for the bank).
Source
newspapers

Newspaper Articles (13)

Article from Shoshone Journal, September 2, 1910

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Trunks $8 to $15 at Bowler Bros. John Skillern, the big wool grower of Boise, was in Shoshone last Wednesday. New line of Sweater coats, Knit skirts, Scarfs and Mufflers at The Morse Store. Mrs. Griffin of Ontario, Oregon, is in Shoshone to spend the winter with her brother, J. W. Newman. Men's shoes, $4 to $5, the famous "Sharood" make, at Bowler Bros. A heavy frost was reported at American Falls a few days ago that trimmed down vegetation to a frazzle. A full line of "Sharood" brand of men's shoes lately received at Bowler Bros. W. E. Albers is expected in Dietrich in the near future to look after his big ranch southeast of that place. Particular shoes for particular men at Bowler Bros. Mrs. A. J. McMahon and children are spending a few days in Richfield the guests of Mrs. T. J. MeMahon. At the Morse Store, the celebrated Jackson Waist, the only waist that fits like a corset. Mrs. R. J. McMahon left yesterday for Boise where she will visit for a couple of weeks with her sister, Mrs. S. S. Champlain. Do not forget the 5, 10, and 15 cent counters at the Morse store. R. E. McAlister is in the city again after spending the season with a construction outfit at the lower and upper Salmon Falls. The famous front laceing J. C. C. corset, long hip model, at the Morse Store. Senator Fred Hastings of Wendell was in the county seat Wednesday being interested in election returns as relates to county division. Suit cases $5 to $20 at Bowler I Bros. Mr. and Mrs. Claude Myers are a rejoicing over the arrival of a little baby girl New suits, skirts, coats and kimonos at the Morse Store. t Miss Edna Blodgett is spending the week in the county capital, the i guest of Miss Leah Borden. Miss I Blodgett is the daughter of Editor H. P. Blodgett of Gooding. e Anyone looking for a trunk or a e suit case can find what they want at Bowler Bros. e Judge Walters went to Hailey recently to appoint a receiver for the Idaho State bank if such a course was deemed best. If good merchandise, low prices, prompt service and personal attene tion appeal to you, trade at the 6 Merse Store. J. W. Porter was down from to Hailey to take part in the primary t election this week. Mr. Porter likes his work in the law office of Stock slager & Bowen where he recently C accepted a trusted position. n TO Mr and Mrs. John Helman return ed last Monday from Ketchum a where they have been spending the 0 past two weeks camping. I Going to travel any this fall? Get B your trunk or suit case of Bowler Bros. and you will get the best obe tainable for the price. n Mrs. Frank Darrah arrived from in California last Tuesday evening to a join her husband who will take C charge of his uncle's ranch on the fo Big Wood river, the late J. S. Darrah. This ranch was left by the sl deceased to the mother of the Darer rah brothers. th T. J. Clark, proprietor of the new pr town of Harriman was in the counha ty seat Wednesday on business. Mr. vi Clark states that the Oregon Short Line tracklayers which were transto ferred from the Malad or Bliss end th of the Rupert-Bliss cut-off to WyVI oming, are expected back to take ho up tracklaymg east of the Malad vi bridge about September 10. This ot gang will return with a new trackSt


Article from The Salt Lake Tribune, September 3, 1910

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aho State Bank of That Place Suddenly Collapses and Closes Doors. LLATERAL SAID TO BE PRACTICALLY WORTHLESS lieved That Depositors Will Lose Virtually All of Their Money. "he little city of Hailey, Idaho, col- is roughly aroused over the sudden se of the Idaho State bank of Hailey. 3 bank closed its doors Wednes - and is now in the hands of State nk Examiner G. W Cruse of Boise 3 affairs of the bank are in a tangled dition, and it will probably be a g time before they are straightened ractically all of the collateral held is the bank as security for loans assets a to be worthles, so that the the bank amount to little or nothing e total liabilities, consisting amount largely money owing to depositors, almost $500,000. rom present indications, the loss total. to depositors will be practically , failure of the bank will undoubtedcause a depression in the prosperous take amunity from which it will of e time to recover. The effects farfailure, however, will not be banks ching. as there are no other Camas busines houses involved. The by irie bank of Soldier was owned Idaho State bank, but just the before failure it was taken over by iley National bank, and is in good dition. Ill-Advised Loans Responsible. 'he failure of the bank is said to e been largely due to all ill-advised ns and investments Practically and , the Cramer, collateral securities is said were to vice-president be and hypothecated worthless. general hager of the bank, was the principal the ckholder. The investments of k consisted largely of loans to Mr. mer and his brother, who invested money in projects that at best gave V hough returns. the bank has been shaky for e time, its condition was not genIly known. Word reached Salt in Lake Sunday night that the bank was ilous condition, and J. B. Na- Cosgriff, e-president of the Continental al bank of Salt Lake, and a stockler in the Hailey National, left Salt e for Hailey. The Hailey National it to the assistance of the distressed k and helped it to keep open on nday. Advantage was taken of the t that Tuesday was primary election in Idaho, and the banks were closed that day. After the exact condi1 of the bank was learned on Tuesthe state bank examiner was sent The bank was opened on Wednesand business carried on as usual. - depositors were kept in the dark to the bank's condition, and there 75 uodn una ou : Camas Prairie Bank Saved. he result of the investigation, howr. showed that there was no pose way to save the bank, and its irs were turned over to the state k examiner. The bank was not rened on Thursday. In the meantime state bank examiner planned to e the Camas Prairie bank at Sol:. At the request of the state bank miner, J. B. Cosgriff purchased of the ** of that bank, the control ch had been held by the Idaho te bank, and the reserve of $43,000 transferred from the Idaho State the Hailey National. t the time the state bank State examiner bank


Article from The Morning Standard, September 4, 1910

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BANK AT HAILEY FAILS TO OPEN The little city of Halley, IJaho, is over sudden thoroughly aroused the bank of bank its doors Hailey. collapse of The the Idaho closed State Wednesday and is now in the hands of G. W. Cruse Boise. State Bank The Examiner affairs of the bank of are in a tangled condition, and it will probably be a long time before they are straightened out. of held Practically the bank all security the collateral by as for loans is said to be worthless, so that the assets of the bank amount to little or nothing The total liabilities, consisting largely of money owing to depositors, amount to almost $500,000 loss to From the depositors present indications, will be practically the total. will cause a in the undoubtedly The failure of depression the bank prosperous community from which it will take some time to recover. The effects of the failure, however, will not be far-reaching, as there are no other banks or business houses involved The Camas Prairie bank of Soldier was owned by the Idaho State bank, but just before the failure it was taken over by the Halley National bank, and is in good condition. III-Advised Loans Responsible The failure of the bank 18 said to have been largely due to ill-advised loans and investments. Practically all of the securities were hypothecated and its collateral is said to be worthess. Leo Cramer, vice president and general manager of the bank, was the principal stockholder. The investments of the bank consisted largely of loans to Mr. Cramer and his brother, who invested the money in projects that at best gave slow returns. Though the bank has been shaky for some time. its condition was not Salt Lake on that bank generally Sunday known night Word reached the was and of the ConCosgriff, in perllous vice president condition, J. B. tinental National bank of Salt Lake, and a the NaThe tional, left stockholder Salt Lake in for Halley, Hailey bank asand sistance Hailey National of the distressed went bank to the on Monday was taken of the fact that helped Advantage It to keep open Tuesday was primary election day in were closed on exact condiIdaho, that day and the After banks the tion Tuesof the the state bank bank was learned examiner on day was sent for. The bank was on and as were Wednesday usual, The depositors business carried opened kept on in the dark as to the bank's condition, and there was no run upon it. Camas Prairie Bank Saved. The result of the investigation, however, showed that there was no possible way to save the bank, and its affairs were turned over to the state bank examiner. The bank was not reopened on Thursday. In the meantime the bank examlner save Prairie of planned bank at to Soldier. state the At the Camas request state J. B. Cosstock of the griff purchased the bank examiner. the that bank. control of which had been held by the Idaho State bank, and the reserve of $43,000 was trans. ferred from the Idaho State to the Hailey National examiner of State At took the time charge the state the Idaho bank bank the deposits were $112,000 in open accounts: $41,000 in savings accounts and $155,000 in time accounts. An additional liability of about $200.000 was occasioned by the hypothecation of the securities. The total assets consisted of $76 in the vaults, and a large amount of collateral, the value of which is problematical, but belleved to be very slight. The last annual statement of the bank gives its capital stock as $75.000, surplus $13,000, deposits $434,000 and loans $343,000. Since that statement the deposits have shrunk approximately $100,000. J. J. Plummer was the president of the Ill-fated bank: Leo Cramer, vice president and manager: F. M. Coleman, cashier, and W. D. Cutts, assistant cashier.


Article from Daily Capital Journal, September 5, 1910

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IDAHO STATE BANK AT HAILEY IS CLOSED [UNITED PRESS LEASED WIRE.] Boise, Idaho, Sept. 5.-Although it is generally believed that the Idaho state bank at Hailey was closed owing to certain transactions involving $136,000 worth of securities between the bank and an insurance company, State Bank Examiner Cruse today refused to discuss the nature of the transactions. Hal Coffin, of Boise, a stockholder in the institution, has been appointed receiver. Bank Examiner Cruse declares that none of the depositors will lose. The liabilities of the bank are given as $475,000. It is capitalized at $75,000.


Article from Shoshone Journal, September 9, 1910

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IDAHO STATE BANK OF HAILEY CLOSES ITS DOORS. Receiver Appointed Who is Now at Work On the Books, H. N. Coffin, the receiver of the Idaho State Bank, who was appoint ed by Judge Walters, arrived from Boise Saturday and assumed charge of the duties of his office this mort ing. says the Wood River Times of Hailey. He said that he is too unfamiliar with the affairs of the bank to form an opinion regarding the outcome. Furthermore, that as he left for Hailey at two hours' notice he will in a day or two have to return to Boise for a day or so to attend to pressing business matters that cannot be managed by wire or letter. It will take the receiver about a week to familiarize himself with of the duties of his office this mornably another week to prepare a report of its condition that can be sworn to in court. That done the receiver will be able to say when he can begin paying off the depositors. As money is collected he will declare dividends as frequently as possible. But the bank may be reorganized, as that is manifestly the thing to do. The bank's business is established and it is Loo valuable an asset to be allowed to be lost if it


Article from Shoshone Journal, September 1, 1911

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E. G. Merrifield and James R. Bothwell of Shoshone, were in town on Monday. The former is the well known photographer and the latter the county attorney.North Side News. 7 If good merchandise, low prices, prompt service and personal attention appeal to you, trade at the Morse Store. John L. Cullen has been appointed a deputy game warden for this county. So if you see John coming have your little permit ready. John B. Johnson unloaded a new Case seperator here Wednesday of this week and yesterday morning he left for the Dietrich tract where he will be engaged in threshing for the farmers for the next three weeks. Fred G. Brown, receiver of the defunct Idaho State bank of Hailey, passed up the road Tuesday of this week from a business trip to Boise. Mrs. H. G. Baugh returned Wednesday from Pocatello where she went to meet her sister, Miss Ruth Turner, of St. Louis, Mo., who will visit here for some time. W. L. Clouser, the well known sheep man of the Wood River country, has been spending several days in the city. He has just returned from Chicago where he has been with a train load of sheep and stopped off on the way back and attended the Frontier Day celebration in Cheyenne. Lee Helper, who has been employed in the grocery department of the Stockgrowers Mercantile Co., for the past two years, departed t last Friday evening for Seattle, I where he will make his home in the future. i Rev. H. W. Parker, district supt erintendent for the M. E. church, I for this district, was in town Tuese day visiting at the home of Mr. and Mrs. C. F. Borden. f S. D. Perrine came up from Twin e Falls Saturday and remained over until Tuesday morning when he returned to the Magic City accomd panied by Mrs. Perrine and family, y who have been visiting with relti atives for the past two weeks. to r Mr. and Mrs. Oliver Nicely, who Il have been visiting friends in this city for tue past two weeks, dere parted Sunday for their home in K Ontario, Oregon. tl Victor O. Johnson, of Shoshone, O special attorney for the woolgrowers, arrived Friday afternoon from el the north to consult with Secretary la C. B. Stewart, relative to the ina terstate commerce commission m hearing in this city next month. ci They will examine many witnesses in with reference to their appearance sh before the commission in behalf of fo the woolmen, the witnesses coming de from various points in the interm mountain country.-Desert News, ha Salt Lake City.


Article from The Salt Lake Tribune, November 23, 1911

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HO BANKER MUST DO TIME IN PRISON preme Court Affirms Verdict in the Case of Leo Cramer of Hailey. relal to The Tribune. DISE. Ida., Nov. 22.--Leo Cramer. eely vice president of the Idaho bank of Halley, must serve an inirale sentence in the state peniThis is the edict of the suLery court of Idaho in an opinion it ted down today in the case of the of Idaho VS. Leo Cramer. appealed the verdict of guilty in the Fourth dal district. which is affirmed The is one of the most celebrated state Her cases that has originated in Idaho state bank of Hailey was one of the most prosperous inIn tions years Blaine controlled county, by and the Cramers. its stock Mitually the over a year was ent Investigation to wall made officers by of the ago Blaine state and examiner and with the result that John J. president: Leo Cramer, vice er ent: Arthur B. Cutts, cashier. and Cramer, a director of the bank. arrested. chaged with accepting a on August 31. 1910. from one Foster when they knew that the was insolvent. The act was classithe information as having been unlawfully, feloniously and mly. velently executed with the intent to Cramer was the first of the four to be tried. The trial took place at and proved to be of a sensational acter. exposing the insolvency of the Cramer was convicted and sento serve an indeterminate term in cententlary. appeal was immediately filed in ease and it was carried to the sucourt. James E. Babb counsel one of the defendants in the Idaho Bank of Commerce case of Walappeared in the case as a friend court. filing a brief in which he ed certain law points involving the Avency of a bank and the liability of directors. but the court held CraUA bank officer was criminally llawhether he received the deposit in or not. court récites the facts in the case. that the evidence showed that day the cashier, received the $40 deand entered upon the books by that on September 1. or three days sing. the bank failed to open its and since then the institution has in the hands of a receiver Leo was active manager and in conthe bank up to that time


Article from The Salt Lake Tribune, November 29, 1911

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MER BEGINS HIS PRISON SENTENCE ad of Idaho Banking House Convicted for Action of a Teller. PLOYE TOOK DEPOSIT ad of Banking House Convicted for Action of a Teller. dal to The Tribune OISE. Ida., Nov. 28.-Leo Cramer, president and active manager of the the State bank of Hailey. defunct, is an inmate of the Idaho state penitiary. His sentence is from six the to two years and unless the apcation for a review of his case now ling before the supreme court is nted he must serve the sentence for full time if the beard of pardons not Interfere. Tamer entered Idalto's penal institulast Saturday night. None of the 1 formalities connected with the retion of prisoners at the penitentlary te suspended for him. He was given 1862. shown a cell and will remain quiet inmate until the officials have nded the occupation for which he is at Stted. Tamer had been identified with Idaho king institutions for many years and Hosely connected. through relationship many prominent people. both in this and many parts of the state. His is peculiar in that his conviction was uted under a statute of this state ich no other state in the union has. it holds that a director or officer of bank actively engaged in its manageat CRD be held guilty of having rered a deposit when the bank was Inrent. although the deposit Itself was tually received by another. This tute was enacted In 1905 and it is thout a precedent anywhere Teller Accepted Deposit. The Idaho State bank closed its doors tember 1. 1910. On August 31 of that Mr. while the bank was open and coneting business as usual Helen Foster, of the customers of the bank. desited $10 with Teller Arthur B. Cutts. Her the bank closed the next day. and then an investigation was made by the late bank examiner. Cramer and Cutts more arested on the charge of accepting Reposits in an insolvent bank and with be knowledge at the time the deposit (1.8 received that the bank was defunct. ugh Cramer a director, and John J. lumer. president, were also placed unarrest. Leo Cramer elected to be fed first and was convicted in the diset court. He appealed to the supreme mrt, but the high triounal of this state fused to remand the case and affirmed to judgment of the lower court sending ramer to prison. Application for a reearing of the case was Immediately


Article from The Richfield Recorder, December 28, 1911

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RECEIVER DISCHARGED Idaho State Bank Creditors Know How Much They Lose. Fred Browwn, late receiver ffor the defunct Idaho State Bank, of Hailey, has made his final report, and has been discharged to take up his new duties as National Bank Examiner. courts, which affects a llarge sum There is one suit pending in the of money claimed by Mrs. Milller of Bellevue, on which a report can not be made untill it is settled in the courts. Should this be decided inn favor of the bank, the deposito will receive about 68 per cent of other way, depositors will receive only about 37 per cent. A payment on account is expectMay, when ten per cent willl be dised to be made aboout the first of tributed among the creditors. The real estate and other long-time securities will be availlable lalter, but not nearly at their face values. While the work off winding up the bank's affairs is practically COL pleted, Ech. Daft of Hailey was appointed to oversee the final distribution of the assets. lo


Article from Lincoln County Times, January 4, 1912

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IDAHO STATE NEWS Idaho is to receive a neat little present in the form of $52,594.33 in cash as her share of the receipts from forest reserves in the state. In the suit brought by Anna I. Miller at Hailey against the receiver of the Idaho State bank for $65,000, the court decided in favor of the defendant. Santa Claus visited the state school for the deaf and blind at Gooding, and selected out of his pack gifts of all sorts for every single child in the institution. According to present plans, the water of Hot Springs, two and a half miles west of Hailey, will be piped to that city in the near future and used in the business houses and residences for heating purposes. After an illness of several weeks. Socrates Moore, an aged resident of Emmett, died last week. He was over 90 years of age, being born in Beaver county, Pennsylvania, September 27, 1821. Charles Frederick Adams of New York, one of the greatest advocates of the single tax and "progressive legislation," will be in Boise on January 20 and will, in all likelihood, address the legislature then in session. As a result of a sheriff's sale the Soldier Local Telephone company has been sold to the Camas Prairie bank. The latter had secured judgment against the telephone company which, with the costs, amounted to $1,188.55. Idaho's foremost dairymen are scheduled for addresses before the state dairy convention, which meets at Twin Falls on January 3 and 4, as are also some of the most prominent agricultural and dairy experts of Utah. A table prepared by Register Jenness shows that during the past year 53,904 acres of state land were sold for a total of $781,561.25. Another table shows that 160,765.17 acres were leased for a total rental of $17,271.45. Gene Ellison, a freight brakeman, in attempting to jump from an engine at Payette, caught his coat on a valve and was dragged for some distance. No bones were broken, and although he was badly bruised, his condition is not serious. The area of land within the state which is planted to orchards is approximately 120,000 acres, while in 1908 the total orchard area was only 60,000. There are 102 nurseries paying bonds to the amount of $160,000 to transact business in the state. Governor Hawley has declared in an interview that had it not been for the determination of the last legislature to ignore his recommendations, revenue laws would have been enacted which would have prevented the necessity of a special session of that body. One of the important features of the Christmas program at Boise was the dinner given for homeless men at the Salvation Army building. It was a pronounced success, making a bright spot in the life of each of the 253 men who shared in the hospitality of the occasion. A list containing the names and addresses of over 6,000 persons who requested that literature descriptive of Idaho be sent to them was received at the office of the state immigration bereau last week. The names were secured during the tour of the "Governors' Special." Governor Hawley has figured the cost of an extra session of the legislature at $22,000. This, he says, will be a little over 6 cents per capita, or, for every $1,000 taxable property as shown by the assessment roll, it will cost between 6 and 7 cents additional for the expense. After losing all his money at gambling and being ejected from the building, Arthur Jones, colored, of Boise, is said to have returned and at the point of a Winchester forced all the men in the room, 15 in number, to hold up their hands, while their pockets were relieved of valuables. Mrs. Maggie Winans, who lives four miles northwest of Twin Falls, is in receipt of a check for $15 from the State fair at Syracuse, New York, for third premium on potatoes. The information was also received that these potatoes would have taken first prize had they been sufficiently matured. The construction of the Buhl-Nyssa extension of the Minidoka & Southwestern railroad from Buhl to Nyssa, Ore., along the south side of the Snake river, over the Bruneau project, by the Harriman system of which the extension will be a part, may be taken up in the spring. Never before in the history of the state has the Idaho militia been as great in number of members and general efficiency as at the present time, says Adjutant General McCall. In a decision at Boise, the supreme court holds that a creditor, in order to be entitled to pro-rate in the proceeds of attached property, must both com-


Article from Montpelier Examiner, January 5, 1912

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# IDAHO STATE NEWS Idaho is to receive a neat little present in the form of $52,594.33 in cast as her share of the receipts from forest reserves in the state. In the suit brought by Anna I. Miller at Hailey against the receiver of the Idaho State bank for $65,000, the court decided in favor of the defendant. Santa Claus visited the state school for the deaf and blind at Gooding, and selected out of his pack gifts of all sorts for every single child in the institution. According to present plans, the water of Hot Springs, two and a half miles west of Hailey, will be piped to that city in the near future and used in the business houses and residences for heating purposes. After an illness of several weeks, Socrates Moore, an aged resident of Emmett, died last week. He was over 90 years of age, being born in Beaver county, Pennsylvania, September-27, 1821. Charles Frederick Adams of New York, one of the greatest advocates of the single tax and "progressive legislation," will be in Boise on January 20 and will, in all likelihood, address the legislature then in session. As a result of a sheriff's sale the Soldier Local Telephone company has been sold to the Camas Prairie bank The latter had secured judgment against the telephone company which with the costs, amounted to $1,188.55 Idaho's foremost dairymen are scheduled for addresses before the state dairy convention, which meets at Twin Falls on January 3 and 4, as are also some of the most prominent agricultural and dairy experts of Utah. A table prepared by Register Jenness shows that during the past year 53,904 acres of state land were sold for a total of $781,561.25. Another table shows that 160,765.17 acres were leased for a total rental of $17,271.45. Gene Ellison, a freight brakeman, in attempting to jump from an engine at Payette, caught his coat on a valve and was dragged for some distance No bones were broken, and although he was badly bruised, his condition is not serious. The area of land within the state which is planted to orchards is approximately 120,000 acres, while in 1908 the total orchard area was only 60,000. There are 102 nurseries paying bonds to the amount of $160,000 to transact business in the state. Governor Hawley has declared in an interview that had it not been for the determination of the last legislature to ignore his recommendations revenue laws would have been enacted which would have prevented the necessity of a special session of that body. One of the important features of the Christmas program at Boise was the dinner given for homeless men at the Salvation Army building. It was a pronounced success, making a bright spot in the life of each of the 253 men who shared in the hospitality of the occasion. A list containing the names and addresses of over 6,000 persons who requested that literature descriptive of Idaho be sent to them was received at the office of the state immigration bereau last week. The names were secured during the tour of the "Governors' Special." Governor Hawley has figured the cost of an extra session of the legislature at $22,000. This, he says, will be a little over 6 cents per capita, or, for every $1,000 taxable property as shown by the assessment roll, it will cost between 6 and 7 cents additional for the expense. After losing all his money at gambling and being ejected from the building, Arthur Jones, colored, of Boise, is said to have returned and at the point of a Winchester forced all the men in the room, 15 in number, to hold up their hands, while their pockets were relieved of valuables. Mrs. Maggie Winans, who lives four miles northwest of Twin Falls, is in receipt of a check for $15 from the State fair at Syracuse, New York, for third premium on potatoes. The information was also received that these potatoes would have taken first prize had they been sufficiently matured. The construction of the Buhl-Nyssa extension of the Minidoka & Southwestern railroad from Buhl to Nyssa, Ore., along the south side of the Snake river, over the Bruneau project, by the larriman system of which the extension will be a part, may be taken up in the spring. Never before in the history of the state has the Idaho militia been as great in number of members and general efficiency as at the present time, says Adjutant General McCall. In a decision at Boise, the supreme court holds that a creditor, in order to be entitled to pro-rate in the proceeds of attached property, must both commence his action and prosecute the same to final judgment within the specified 60-day period. The gold production of Idaho in


Article from Shoshone Journal, February 9, 1912

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a MORE LOCAL DOPE Joe Culbertson was up from the Dietrich tract Wednesday. 8 Mrs. Daniels has returned from the hospital in Boise where she has been receiving treatment for on some time past. She has returned in quite good health. E. E. Daft of Hailey, newly appointed receiver of the Idaho State bank, was in Shoshone on Tuesday on business connected with the defunct institution. Mr. Daft is making a great effort to collect the indebtedness owed to the bank and hopes to be able to pay a dividend within a few months. Sam Malicoat and wife were in town Wednesday and Thursday from their place in the northern part of the coun'v. Mr. Malicoat is one of the best coyote and bob cat trappers in Southern Idaho, and during this winter has sold the pelts from several hundred of these animals. Last Saturday both boys and girls basket ball teams piled into wagons and drove to Richfield to try their skill against the renowned heavers of that beautiful berg. The next day a sleepy and delapidated aggregation returned and reported a victory for the boys of 15 to 13. The girls, however, were defeated by a narrow margin. It is stated that the advance agents of the wool buyers have already made their appearance and I are offering good prices for this year's clip. It is thought that wool will bring seventeen cents or e better this spring which is conb siderable advance over the prices that wool brought last season. Whittington & Millsaps pool hall 8 was filled Wednesday night until to there wasn't a chance for even a P P mouse to get in edgewise, with men n who turned out to see Fred B. It Hall do some fancy stunts at pool fi playing and juggling pool balls. Many of the best pool players pres18 ent pronounced Mr. Hall's exhibia tion the finest they had ever witt nessed. g to Sheriff Zug has returned from a E rip to Boise where he was suboenaed as a witness before the W Federal Grand Jury. While in per Boise he was waylaid at every turn g 80 and asked how his delegation of bootleggers were getting along as guests of his county. He was assured that no new colony of law


Article from The Caldwell Tribune, September 19, 1913

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Depositors Sue for Damages. The depositors of the defunct Idaho State Bank of Hailey have brought suit against the American Surety Co. for damages in the sum of $50,000.00, the amount of the company's bond as surety for State Bank Examiner William Cruse. It is alleged that by reason of the failure of the state examiner to do his duty, the depositors lost their money, and the surety company is responsible. The specific charge is that on the 31st day of August, 1910, William G. Cruse, "knowing the said Idaho State Bank to be insolvent, in violation of law, allowed, permitted, sanctioned, approved and directed, the transfer, sale, assignment and disposal of certain notes, bonds, mortgages, and other securities, of the value of $43,500.00 to the Hailey National bank, J. E. Cosgriff and H. D. Curtis, and other persons whose names are unknown to this plaintiff, for the use and benefit or the Camas Prairie State bank and the said William G. Cruse thereby and by means thereof deprived the said depositors of the said Idaho State bank of their lien on all of the assets of the Idaho State bank and of the proceeds thereof." The plaintiffs hold that the state bank examiner knew the bank to be insolvent and that he should have applied for the appointment of a receiver. Failing to do this he neglected to do his duty and his bondsmen are liable.