3955. Leadore State Bank (Leadore, ID)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 29, 1913
Location
Leadore, Idaho (44.680, -113.358)

Metadata

Model
gpt-5-mini
Short Digest
3755dfd7

Response Measures

None

Description

The Leadore State Bank was closed by the state bank commissioner (March 29, 1913) and a receiver (Roy B. Herndon) was appointed. Articles describe the cashier's falsified returns and subsequent arrest and embezzlement charges. No article describes a depositor run; the action was a regulator-ordered suspension and receivership (government action).

Events (2)

1. March 29, 1913 Receivership
Newspaper Excerpt
W. W. Lottridge, cashier of the Leadore State bank, has been arrested ... and the bank has been placed in the hands of a receiver by Judge Stevens, on application of the state bank examiner. ... Roy B. Herndon was appointed receiver for the institution (reported elsewhere).
Source
newspapers
2. March 29, 1913 Suspension
Cause
Government Action
Cause Details
Closed by the state bank commissioner on March 29 after false reports of the bank's condition by the cashier.
Newspaper Excerpt
The Leadore bank was closed by the state bank commissioner March 29. Roy B. Herndon was appointed receiver for the institution.
Source
newspapers

Newspaper Articles (5)

Article from The Blackfoot Optimist, May 1, 1913

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Article Text

Banker Arrested W. W. Lottridge, cashier of the Leadore State bank, has been arrested, charged with making falso returns of the bank's condition, and the bank has been placed in the hands of a receiver by Judge Stevens, on application of the state bank examiner. It is believed the depositors will be paid in full, but the stockholders may stand to lose a little.


Article from The Salt Lake Tribune, May 29, 1913

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Article Text

CASHIER IS HELD. Face District Court on Charge of Falsifying His Records. to The Tribune. ON CITY, Idaho, May 28.-The of the charge against W. W. Lotformer cashier of the Leadore bank, accused of making a false ent of the bank's resources to the nk commissioner. took place bege McCracken this week and reIn Lottridge being held to answer district court. Evidence was givR. B. Herndon. the receiver of the bank, and Gllbert Yearian, vice nt. County Attorney G. Padgham ttorney A. C, Cherry represented de while Attorneys Cowen and mb appeared for the defendant. Ishon WRS found guilty of cruelty als and fined $100 and coste by on McCracken. that the Leesburg McMahon road and 1s a it stage was A animal horse. he had had The cruelly fallen defendant In beaten the snow and alleged inge of the road and had cut and on himself on rocky ground. An as been taken to the district ap-


Article from The Idaho Republican, October 24, 1913

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Article Text

CASHIER STILL IN TROUBLE. Banker of Leadore Wins One Case in Court, But is Rearrested. W. W. Lootridge, cashier of the defunct Leadore State bank, gained a brief respite when the case brought against him for making false reports to the state bank commissioner's department was non-suited in district court of Lemhi county Saturday. Mr. Lootridge was immediately rearrested on a cahrge of embezzelment, and his preliminary hearing was set for next Saturday. Information regarding the Leadore case was received by State Bank Commissionr Reid Thursday evening from his deputy. A. A. Record. who was summoned as a witness for the state. The grounds on which the case was non-suited have not been learned here. The Leadore bank was closed by the state bank commissioner March 29. Roy B. Herndon was appointed receiver for the institution.


Article from The Idaho Recorder, February 19, 1914

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Article Text

The Guild will [meet with Mr. 18 '97 February PIA Mr. and Mrs. G B. Quarles entertained a number of their friends at a six o'clock dinner last Saturday evening. J. S Johnson was a passenger for Armstead Tuesday morning. He went out to meet Mrs. Johnson and HSTA B more Services O/R 04 M 'sqeq with relatives at Dayton, Ohio. The Eastern Star held a very pleas. ant meeting Tuesday evening At the close of the business session a nice luncheon was served and a pleasant social time enjoyed. Mr. Goodheart, of Weiser, has been in the city for the past week. He is the Grand Instructor of the Masonic bodies and has been giving Instruetion to the members of the Salmon lodge. Although search has been made for the body of George Swith, who was drowned last week in the Salmon river, no trace of it has been found, and it is not probable that It will until the ice is gone from the river. Mrs. Emma Yearian came down from her home at Lemhi Friday to attend to business matters and visit with relatives and triends in Salmon over Sunday. She attended the masquerade ball given by the married folks club last Friday evening. T. L Lee and wife. of Leadore, parents of Loy H. Lee, the Leadore merchant, spent several days in Salmon this week looking the place over 'sn Shome 10 mean E They returned to Leadore this, Thursday, morning. H. M. Shaw received word the first of the week of the serious illness of his mother, who resides at Louisville, Kentuky. Mrs. Shaw visited Salmon a couple of years ago and made many friends ho will regret to hear of her fillness and hope for her early recovery. Chas. Shultz. who has a lease on the U. P. mine, was an overnight visitor in Salaion Monday. lie is very much pleased with the outlook of the mine and thinks [there is no question whatever ab est the future prrospects of the mine since they have discoveredd such rich ore recently ino peddius SPM shoq 10 10ad JED V from this plice last Thursd y morn10 dn apem SEM II Porticud 01 801 hogs from the W. H. Mulkey, Eddie Edwards and Curtis Moore ranches. These are said to have been the finest bunch of hogs ever sent out from this place and without doubt will command the tup of the market. Roy B. Herndon, went out to Hoise Tuesday morning. Mr. Herodon went to B ise to make his report to the State Bank Commissioner as Receiver of the Leadore bank. and tender his resignation to that cial, which is necessary before be takes up the position of postmaster of the local office. Wh le in Bolse ne will also resign from the lower house of the legislature, which is atso necessary before be can become


Article from The Idaho Recorder, March 19, 1914

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Article Text

IN THE GEM STATE The city of Bancroft dedicated its new high school building last week. Mrs. Mildred McRea, aged 61 years of Aberdeen, has filed suit for divorce from M. F. McRea, aged 73 years. Charles Nelson, colored, is in jail at Shoshone charged with stabbing a Japanese named Moriko, owner of a pool hall. A. G. Draper has been appointed special deputy bank commissioner for the purpose of closing the affairs of the Leadore State bank. By the report of the tax commission just issued for the state of Idaho during 1913 it is found that the total taxes levied were $8,619,637.27. According to the announcement just issued from the Boise office of the reclamation service, $1,867,649 is available for work on the Boise project during the year 1914. A trunk being unloaded from a bag. gage car at Idaho Falls was dropped and a stream of liquor poured forth. The trunk contained twenty-nine quarts of liquor No one has called for the trunk. The Idaho Intermountain Fair association, which for a number of years conducted the intermountain fair in Boise and aspired to become a state fair, has been placed in the hands of a receiver. Captain John E. Yates, one of Boise's leading citizens for the past twenty years, died March 4, of aneurism of an artery of the heart. About two months ago Captain Yates exble. perienced his first attack of the trouGround has been broken for the new federal building and postoffice at Pocatello. The work will be pushed to completion as fast as labor and material can be secured. Pocatello material will be used in the construction. Many charges of high cost of state educational institutions have been made in Idaho, but the report of the tax commission shows that the man who pays a tax of $100 only pays to the four state educational schools $2.31. The residence of Jesse Crow at Ammon, six miles east of Idaho Falls, was burned to the ground on the 7th. The water ditch being frozen over, little could be done toward saving the property, but neighbors saved a large portion of the furniture. The Pocatello city council has passed an ordinance creating a cluster lighting district and providing that the cost of the first installation may be paid in separate installments and that the city will bear the ex. bense of the lights. Adopting the means that were suc. cessful in eradicating the disease known as scab among sheep in Ida ho, the farmers of Gooding county have combined to stamp out hog cholera which has taken such a heavy toll already in the state. The coroner's jury of Minidoka county has decided that the death of Mike Moultrie of Burley, killed by falling from an Oregon Short Line special train one mile west of Ru pert, was due to his own carelessness and that of the train crew. The Commercial club of Hailey raised approximately $500 in twenty four hours to pay for eighteen pages of text. illustrations and advertising in the Idaho State Automobile Guide book to be issued soon by the InterMountain Good Roads association. Officials at Burley have received notice that maintenance charges against land on the Minidoka project would be added to construction charges. This will mean a saving to the farmers around Burley on the Minidoka project of at least $165,000 Lemhi county has received an ap portionment of forest reserve receipts amounting to $2,979.78. This money is made up of 25 per cent of timber sales from the Salmon, Chal lis, Lemhi and Beaverhead forests and may be applied to school and road funds. H. W. Dorman, president of the state board of horticulture, has sent out to a number of the fruitgrowers of the state and to others interested in the industry, a letter urging COoperation with the state inspectors in the matter of spraying and caring for the orchards. It is reported that the potato bug has appeared in the northern part of the state. In Latah county the in sect has been reported to quite an ex. tent, but as yet it has not appeared in the south. The bug is quite com mon in the east, but has never ap peared out here to any extent. The district schools cost an aver age of $39.48 for every $100 taxes levied, and the total cost of the edu cational work of the state, including salaries, is about $40 for every $100; $11.30 per hundred of taxes goes for roads: $15.83 for towns or cities: 26 cents for state departments; $5.05 for police department; $2.91 for judicial department. Bee raising has come to be a rec ognized industry in the state of Ida ho. The first special report ever made on the subject in this state