State Bank (Belt, MT)

Episode Information

Episode UID
5455045291474
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
545504529 hash
Start Date
October 11, 1922
Location
Belt, Montana (47.386, -110.926)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
197c711073000ce8

Response Measures

None

Description

Closure followed arrest of the bank president and was taken by state examiners; receiver later appointed.

Events (2)
1. October 11, 1922 Suspension
Cause
Government Action
Cause Details
Deputy state bank examiner posted closing citing insufficient reserve after arrest of president L. B. Lockhart for misappropriation of funds.
Newspaper Excerpt
the State Bank of Belt closed its doors ... the bank failed to open after Thursday's legal holiday, Columbus day. The notice posted on the door ... stated the reason for the closing as an insufficient reserve.
Source
newspapers
2. July 1, 1923 Receivership
Newspaper Excerpt
W. C. Blomquist, receiver, to say that these reports are absolutely without foundation. ... W. C. Blomquist, receiver, named receiver in July, 1923 and until now has devoted all of his time to the office.
Source
newspapers

Newspaper Articles (15)
1. October 19, 1922 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, October 19, 1922

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After staggering a week from the blow dealt it by the arrest of its president, L. B. Lockhart, on a charge of misappropriation of funds, the State Bank of Belt closed its doors last Wednesday evening, and although no notice of its official closing by the state banking department was posted until late Thursday night or early Friday morning, the bank failed to open after Thursday's legal holiday, Columbus day. The notice posted on the door and signed by H. E. Stewart, deputy state bank examiner, stated the reason for the closing as an insufficient reserve. S. L. Kleve, assistant superintendent of the state banking department, and E. E. Dawson, cashier of the bank, appointed as deputy examiner, are now in charge of its affairs. Mr. Kleve states that no receiver will be appointed immediately, and not until every effort toward the reopening of the bank has been made. What the prospects of this are he does not state. The bank, he states, was examined last December and was found te be in a very fair condition. The last statement of the bank, issued in response to the call of September 15. shows loans and discounts of $257,980.57, and it is supposed that the greater amount of the loans are placed in this vicinity. The deposits totaled $142.656.41, and the borrowed money $110,122.20. The cash reserve was slightly more than required by law $12,936.61. Both the deposits and the cash reserve were undoubtedly lowered to a considerable extent during the few days the bank remained apen after Lockhart's arrest , though no withdrawals other than those made in the natural course of business are said to have been allowed. The State Bank of Belt is this city's

2. October 26, 1922 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, October 26, 1922

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County Funds Protected By Bonds That Cascade county will lose no money nor be deprived of its use for any length of time, through the recent failures of banks in which county deposits were carried is the statement of Fred C. Andretta, county treasurer. In the case of the Commercial National Bank of Great Falls, which at the date of closing carried a county deposit of $50,611, the county was fully protected by a surety bond for $34,000 and by stock of the Montana Power company assigned over to the county treasurer as collateral for the balance of $15,611. It has been stated that personal bonds of officers of the bank had been given in this case. The State bank here and the Miners State bank at Sand Coulee had deposits of county funds in the following amounts; the State Bank of Belt had $10,000 on deposit insured in the American Surety Co., of New York; the Miners State Bank of Sand Coulee had $7,800 on deposit secured by a Surety bond in the amount of $8,000 in the American Surety Company of New York. In the even that any of the banks reopen for business, which is highly probable according to rumor; Mr. Andretta states that with suitable security the amounts will immediately be replaced in the banks upon the proper guarantees being submitted to the county treasurer.

3. October 26, 1922 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, October 26, 1922

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Additional Locals Harvey Nulliner, who was arrested a week ago last Sunday morning on a charge of second degree assault after he had gotten careless with a revolver at his home and firing several shots, was released from the county jail under $1,000 bonds late last week and has returned to Belt. He has been ordered to appear in district court today to show cause why he should not pay temporary alimony while his wife's suit for divorce is pending. The Calone& Johnson mine has completed arrangements for the use of the coal loading chute built on the Great Northern right-of-way near the Rocky Mountain elevator by the defunct Higwhood Coal Mines last year, and is now loading coal over it. The new arrangement enables the mine to load all grades of coal at the same time. lump and nut being loaded at the chute and mine run and slack into cars on the house track. A party of 20 young people were ntertained a the rooms of Miss Mary Pattsner Monday evening in honor of Mrs. Albert Santschi and Miss Sophie Krebs, who left this morning for California. Cards formed the chief source of entertainment, followed by lunch. Miss Genevieve Schoeder and Burney Kjose won prizes for obtaining the high scores at the games, while Miss Alice Beaudry and Leslie McHose were consoled with suitable prizes for the low scores. While there have been may rumors current about the city regarding the reopening of the State Bank of Belt, which closed its doors two weeks ago, Cashier E. E. Dawson, who is in charge as a deputy state bank examiner, states that it is not probable that any action along this line can be taken before early in the new year. S. L. Kleve, assistant superintendent of the state banking department, who was here directly after the closing of the bank, has departed, leaving the affairs in charge of Mr. Dawson.

4. December 14, 1922 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, December 14, 1922

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Expect Receiver for State Bank Nothing favorable to the reorganization of the State Bank of Belt has as yet developed. Apparently a receiver must be appointed soon. We hear that W. C. Blomquist, who is associated with the Stockman's National bank of Raynesford is a candidate for the position and that petitions are now being circulated among the depositors in his behalf. Of course our name is not on that petition because we were not a depositor there but, if we may be pardoned a slight intrusion into other people's affairs, we believe no better man could be found for the position. He is thoroughly conversant with the banking business. He has the confidence of the depositors and he knows local conditions.

5. April 12, 1923 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, April 12, 1923

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LOCKHART IS ARRESTED AGAIN Charged with the crime of grand larL. B. Lockhart, Cascade county Falls ceny, banker, was arrested on a Great street Thursday afternoon. Deputy LockSheriff C. S. Dennis, who took him to hart into custody, accompanied the county jail, where he immediately bonds in the sum of $1,500. Pengave for grand larceny is a sentence than alty of less than one year or more 14 in the state not years prison. A direct information was filed against Lockhart in district F. court A. Thursday by County Attorney isEwald and a bench warrant was who sued for his arrest. Lockhart, jail, his age as 28 at the county Belt gave president of the State Bank Miners' of and is vice-president of the inState Bank of Sand Coulee, both in stitutions having closed their doors October, 1922. According to the information filed with against Lockhart, he is charged of theft of $3,357 from the funds the State Bank of Belt. The information the contains two counts of larceny officer against the banker, one as an of the bank and one as bailee. The information charges that Lockhart "did, on or about the 29th day cus- of May, 1922, have in his possession, tody or control, as bailee, servant, State agent, trustee or officer of the Bank of Belt, certain money, property, of evidence of debt, contracts, articles value, credits, things in action, of the the value of $3,355.00, then and there property of said bank, and did, willfully, unlawfully, feloniously, deprive the true owner of said property." In the second count, it is cited that Lockhart, as president of the Belt institution "did, on or about the 29th day of May, 1922, take, steal, withhold or appropriate to his own use certain moneys." L. Q. Skelton, state superintendent of banks, E. M. Klebe, H. G. Lescher, and H. E. Stewart, deputy bank superintendents; M. T. Messelt, Mr. and Mrs. Ed. Gerber, E. E. Dawson, James G. Larson and E. Lundell are named witnesses for the state. Mr. Lescher as was named receiver of the bank at Sand Coulee in November, 1922, shortly after it closed its doors and at about the same time he took charge of the Belt institution as deputy state superintendent of banks. Asked as to whether any action would be taken in connection with y Lockhart's association with the Sand Coulee bank, Mr. Ewald said that recf ords alleged to be missing from that concern have prevented the finishing of an investigation there. Mr. Ewald S stated that on the night before the I state examiner's deputies took charge of the Sand Coulee bank, certain rect ords are alleged to have been removed from the vault, and that all efforts on f the part of state officials to locate P them have been without success. V It is specifically charged in the in8 formation against Lockhart that the f defendant wrongfully transferred n $2,300 to his own credit at the Belt bank. It is alleged, Mr. Ewald said, raised the furniture and bank's that Lockhart fixtures value in of the the t amount of $2,300 and later placed that c sum to the credit of his personal acit count. No intimation was given by t officials as to the way in which the 5 balance of the amount named in the p information is alleged to have been taken. e d Lockhart has been in Belt and Sand t Coulee for the last two years. He is c married and has one child. Lockhart came to Great Falls about three weeks ago and has been maintaining his residence at the Y. M. A. -Great Falls Tribune. b th A plea of not guilty was entered Friday morning in district court by L. B. Lockhart, Belt banker, when arbefore Judge H. H. S with the crime of raigned charged grand Ewing, larF ceny. Lockhart's trial was set for 8 April 25. Attorney D. J. Doyle of ly O'Leary & Doyle appeared for Lockti hart. County Attorney F. A. Ewald said p Friday that he was unable to state 11 whether additional charges against Lockhart would be made. Disappeard ance of books from the bank at Sand t Coulee the night before the state su-

6. July 12, 1923 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, July 12, 1923

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Rumors have been rife that funds of the liquidating State Bank of Belt are involved in the closing of the Stanton Trust & Savings bank. We are authorized by W. C. Blomquist, receiver, to say that these reports are absolutely without foundation. Miss Maggie Young of Helena, and formerly a resident of Belt and a graduate of the Belt Valley high school class of 1916 was in town Monday on her way to the camp meeting at Neihart. Mike Kessler has opened a shoe repair shop on Second avenue south in Great Falls. Last week his family joined him there. Dr. Stewart's office will be closed from July 15 until Aug. 1st to allow the doctor to attend the state meeting at Missoula and to take a short vacation.-Adv. At the next regular baby elinic, babies will be scored according to habit and physical development. They will be graded according to the following ages: babies to nine months; nine months to two years; two years to six years. If possible certificates will be issued to those grading over 75 per cent. Those who wish may bring a pienic lunch. Friday, July 27, is the date, 12 m. to 4 p. m. Bring the babies. Summer school will start Monday in the eighth grade room of the Custer school.

7. December 27, 1923 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, December 27, 1923

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Sue Bond Co. Demand that companies which bonded L. B. Lockhart while he was president of the State bank of Belt and vice president of the Miners state bank of Sand Coulee indemnify the banks for embezzlements alleged to have been made by Lockhart is made in actions filed in district court Saturday by W. C. Blomquist, receiver of the Belt bank, and H. G. Lescher, receiver of the Sand Coulee bank. The suit brought by Receiver Blomquist is directed against the American Surety company of New York and claim is made for $10,000, the sum declared to be due on Lockhart's bond. The complaint specifically enumerates alleged embezzlements of several thousands of dollars of the bank's funds by Lockhart. In the Lescher suit, demand is made against the same surety company for $5,000 pursuant to a bond in that amount under which Lockhart aperated as an official of the Sand Coulee bank. A long list of alleged embezzlements by means of bogus promissory notes is set out in the Lescher complaint. Lockhart was tried last June in district court on an embezzlement charge, which grew out of his alleged embezzlement of the bank's funds prior to their closing. The trial resulted in a disagreement by the jury after the 12 men had deliberated more than 48 hours without being able to break a deadlock vote of six to six. Lockhart now is understood to be in California.

8. January 8, 1925 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, January 8, 1925

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STATE BANK IS LOOKING GOOD In order to give the depositors of the State Bank a better idea of the conditions under which the receiver is working we are adding, to what we printed last week, a few explanations. There remain in the receiver's hands notes to the amount of $122,757.63, bonds and warrants of a face value of $10,314.70, banking house, furniture and fixtures $16,382.27, and other real estate $1,800. Among the notes, together with the accumulation incident to a period of hard times, are the notes of Lockhart's brother, Lockhart's wife and Miss Lundell in an amount aggregating $11,600, the collection of which is doubtful. A good crop in 1925 will insure the payment of several notes while there are a considerable amount of other notes that are gilt-edged. Among the bonds and warrants are f $10,000 in Mackton Coal bonds which be may yield 50 per cent. t The banking house, furniture and T fixtures, whose value Lockhart boost. S ed to $16,382.27, will doubtless be a 3 partial loss because the most sanguine t person can not see 100 per cent ob8 tained at a forced sale. f The receiver has brought suit against L. B. Lockhart, his brother, I E. E. Dawson, Ebba Lundell, M. T. h Messelt and D. McLeod to compel payS ment of their stock assessment Colt lection is not considered probable. b Their aggregate stock liability is in $31,100.00. The greater portion of the cash to d be paid out later in dividends must be derived from the payment of notes W held by the receiver. di Among these are many that are abf solutely good and which will be paid g to the last cent if not crowded. The P interest upon these notes is paying G the cost of the receivership. G The balance due on deposits is approximately $107,000 after this divice dent has been fully paid. There are li still items to be liquidated, not includa ing stock assessments, to the amount al of $155,000 and making allowance for all bad paper and sacrifices incident bi to forced sales, it is confidently exhi pected that further dividends to a considerable amount will be paid. ed Much satisfaction has been exte pressed that all Belt stockholders in the defunct institution promptly and di without pressure paid the assessments w on their stock. da We are confident that the final closing of the chapter will see the deth positors in the bank satisfied with the af conduct of the receivership and grathe ified at their dividends. Mi

9. January 7, 1926 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, January 7, 1926

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Dividend Notice Checks for Dividend No. 2 of the State Bank of Belt are ready for distribution to the holders of receivers certificates. Present your certificate when calling for check. W. C. Blomquist, Receiver

10. February 4, 1926 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, February 4, 1926

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# Jimmy Shannon Estate Settled The Jimmy Shannon estate wih now be settled and the executors J. E. and J. P. Healey will now breathe a sigh of relief. All the property had been divided among the heirs with the exception of a Receivers certificate for $5228 on the State Bank of Belt and this could not be divided without a court order. The executors were anxious to have the matter finally settled and petitioned the district court for an orde upon W. C. Blomquist, receiver, directing him to issue receivers certificates to each of the heirs in accordance with their respective shares in the estate. Last week Judge Cowley sitting on probate matters ordered that the original receiver's certificate be so divided and that individual receiver's certificates be issued to the heirs This will permit the estate to be closed and the heirs will receive the dividends as they may be paid. The majority of the heirs live in Ireland where Jimmy Shannon emigrated to the United States.

11. June 10, 1926 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, June 10, 1926

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JUDGE RETAINS $ RECEIVER ON A CHANGED BASIS A full time receivership for the State Bank of Belt which closed Oc tober 11, 1922, was terminated Mom day by District Judge Stephen 3. Cowley and an order issued which provides that the receiver shall in the future receive as compensation 20 per cent of all funds collected and received. The action of the court was taken on petition of W. C. Blom quist, receiver of the bank Mr. Blomquist was named receiver in July, 1923 and until now has devoted all of his time to the office. In his petition to the court Monday Mr. Blomquist said that it would not be for the best interest of the creditors if a full time receiver was notained at a salary of $300 a month, due to the diminished assets, It was his opinion that termination of the receivership by sale of the assets would not be advantageous. The receiver's petition shows that the banks remaining assets have a value of at least $30,000, and that these can be realized on if the debt tors are given an opportunity to liquidate their obligations. Judge Cowley entered an order providing that the future Receiver Blomquist's compensation shall be 20 per cent of all moneyn collected, to which will be added a reasonable amount for rent and attorney's fees which will be fixed by the court. The filing of Receiver Blomquist's petition followed the presentation of another petition last week in which Albert Beaudry and 27 other creditors asked that the policy of maintaining a full time receiver for the bank be abandoned. This proceeding was dismissed by the court on the ground that the title was faulty.

12. November 9, 1926 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, November 9, 1926

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APPEAL TAKEN BY BLOOMQUIST IN BOND CASE Belt Bank Receiver Dissatisfied With Ruling in Suit Over Surety Liability A decision of Judge Charles N. Pray of the federal court in dismissing an action brought by W. C. Blomquist. as receiver of the insolvent State Bank of Belt. against the American Surety company of New York will be appealed to the circuit court of appeals as the result of authorization granted the receiver Monday by District Judge Stephen J. Cowley The receiver, according to his petition for authority to make the appeal, in stituted against the surety company to recover $10,000 on bond issued to in demnify the bank against embezzlement or wrongful acts of L. G. Lock hart. former president of the bank. The action was originally filed in district court, but was transferred to the federal court. Judge Pray on October found in favor of the defendant. and pointed out that Lockhart had appropriated $500 of the bank's fund on August 24, 1925, to his own use. This was by other officers of the bank and the money ordered returned The surety company was not notified of the abstraction and this alone. the court held. was sufficient to permit the company to avoid all liability The receiver states in his petition that he believes the court erred in the opinion. and that an appeal should be made to the circuit court appeals in order that justice may be done to the stockholders. The decision. according to Mr. Blomquist. should not be ae cepted as final or conclusive. In addition to authorizing the appeal. Judge Cowley directed that the costs of prosecuting the appeal be allowed as an expense against the receivership.

13. January 18, 1927 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, January 18, 1927

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BELT RECEIVER PAYS DIVIDEND OF 10 PER CENT State Institution Will Make Third Distribution to Its Creditors Payment 10 per cent dividend. representing $12,015 of the insolvent State Bank of Belt authorized Monday morning by District Judge W. H. Meigs application of of the institution. The dividend the third which been made since the bank closed in October. 1922. In requesting authority to pay the 10 per dividend, Receiver Blomquist stated that preferred claims have paid that total was hand the bank. The payment the will leave balance of $2,807.85 in the receiver's hands. dividends made by the bank were for 69 and each representing 10 per cent of the general claims. At the time the bank suspended erations. total of $53,193 was due to depositors certificates of deposit, $12,004.40 deposits also due for payment, and deposits totaled totalled $35,201. which cancelled by Total assets were placed at $207. which classed $43,315.32 and $73,115.32 "worthless." Total collections of the receiver to date are

14. February 4, 1927 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, February 4, 1927

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STATE BRIEFS Moore-Moore meets. Hobson in the first debate of the year sometime before February 15. Hobson won the choice of place and Moore the choice of question. Helena-W. E. Albright of Granite county was elected president of the state association of assessors. W. T. Beaumont of Deer Lodge county was named secretary. Sidney-Earl T. Vance, eastern Montana's commercial aviator, who resides here, has gone to southern California to spend the winter months. He is traveling via plane. Sidney-Prohibition under an ordinance passed by the city council is to be given a tryout here following the passage of such an ordinance at the regular meeting of the city council. Helena-Four wolves, 43 mountain lions and 8,996 coyotes were killed for the bounty or by hunters of the predatory animal division of the United States biological survey in Montana last year. Wolf Point-Charles Gordon, secretary of the commercial club, has received a letter from Scott Leavitt advising that President Coolidge signed the Wolf Point bridge bill on January 15. Harlem-According to figures compiled by R. J. Niewochner, Great Northern agent, 754 carloads of produce were shipped out of Harlem the last year, and income shipments totaled 294 carloads. Great Falls-A recommendation that the first North Montana fair be held in Great Falls in the fall of 1928 has been submitted to the board of county commissioners by the Cascade County Fair association. Libby-Sam Anderson and Howard Hull pleaded not guilty when arraigned in district court here on the charge of murdering Frank Gregson, Great Northern operator at Eureka, on the night of January 2. Sidney-Monta Bane and Cora Moneilley, in charge of the Sidney Deaconess hospital for the past eight years, have retired from the management and gone to California where they will engage in a similar line of work. Troy-The annual election of the fire department resulted in the following being chosen for the ensuing year: L. A. Hosea, president; G. R. Nead, vice president; C. W. Hurley, secretary. These officers have served the department efficiently for several years. Big Timber-One of the biggest derricks ever used in Montana has been erected for drilling the Shoshone Consolidated Oil company's well on the Hamilton coulee structure, 10 miles northeast of Big Timber, according to C. E. Gunhus, field superintendent for the company. Sidney-The Sidney high school, working in conjunction with the Holly Sugar interests here, has started a night class in sugar technology. About 15 factory workers are attending the school which is being instructed by Prof. Silas Baiser and H. Nevins of the Holly company. Helena-Reduction of the bag limit for ducks as extended to the entire United States is approved by the state game commission. The subject was brought up by Chairman Marlowe, who said the federal authorities were considering the establishment of a limit of 15 birds a day. Great Falls-Payment of a 10 per cent divident, representing $12,015 to depositors of the insolvent State Bank of Belt has been authorized by District Judge W. H. Meigs on application of W. C. Blomquist, receiver of the institution. The dividend is the third which has been made since the bank closed in October, 1922. Helena-With about the same number of men employed, the coal mines of Montana produced a slightly greater tonnage during the year ending June 30, 1926, than during the preceding 12 months period The value of the year's production 01 2,758,739 tons is fixed at $6,691,548 at the mines by Ed Davies, state coal mine in spector, in his annual report. Valier-At the first meeting for this year of the Valier Community club a Hotel Valier, W. L. Bullock was elected president for the third consecutive term Henry Pond was elected vice president and Fred Plain, secretary. The discussion was chiefly concerned with the construc tion of the Park-to-Park highway and the advisibility of its passing through Valier Laurel-With the receipt of his fina decree of discharge as receiver of th American Bank of Laurel, George W. Graf has just terminated a bank receivershi that has vindicated his theory that it for the best interests of depositers terminate a bank receivership as speedil as possible. Within less than 18. month after appointment of a receiver the ban liabilities. has paid all but $16,418.22 of its $122,007. Helena-Lewis and Clark county is to have according its first Chinchilla rabbit industry t

15. May 3, 1928 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, May 3, 1928

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BLOMQUIST REQUESTS COURT TO END BELT RECEIVERSHIP Belt State Bank's Assets Will Be Sold June 9 on Order of Judge Meigs; Property Has Face Value of $100,000 Termination of the receivership of the State bank of Belt which suspended Oct. 13, 1922, on complaint of Wellington D. Rankin. former attorney general, requested Wednespetition filed in district day in court by Blomquist, of the The sale of the asof the bank was set for June sets m. at the bank building in Belt Judge W. H. Meigs. Closing of the receivership of the bank will involve the sale of assets having face value of approximately $100,000. but with marketable value less than one-third of this amount. Since the bank was placed in the hands of receiver it has been paid dividends of $36,038. or 30 percent. The Belt bank at the time of suspension had total liabilities in excess of including $47,871 individual deposits, $12.004 public deposits and certificates of deposit. The assets totalled about $207.000, of which $91,771 was classified good. $42,566 as doubtful and $73,155 as worthless. Collections of the receiver have included $66,922 from bills receivable. 84.071 from other and $10,870 interest. rent. etc. To this amount added $8.900 secured by assessment of stockholders. Assets to be sold include promis- sory notes on which balances totalling are due. In many instances, the receiver reports certain notes being outlawed and in other cases he refers to the of the notes being or from the state and not Notes in excess of $1,000 listed by the receiver are as follows: Irwin, $2,375: Nels Roman, Trygve Aos, R. Anderson. $2,504; Brown, $6,038; H. Clarke $1.103: Clarke & Eaton 600; Skinner. Ellis JohnMolin, $2.500 and $3,000 and Mary Porro $6,755. Other assets are judgments totalling against Doyle, Otto Spiller, $819: G. G. Hedrick. $789: Hedrick. $678; Margaret 200; B. McVay. William Shannon. $2.414 and $7,000, and B. Young. $1,200. Real estate to be sold consists of 80 acres in 17 and 20, township 20, north of range east, Cascade county: 160 acres in section 33. township 27. north of range east, Pondera county. The banking house and lot at Belt and furniture and fixtures will also be auctioned. requesting termination of the receivership, Mr. Blomquist states that he has collected and liquidated the assets as far as possible and that RELIEF FROM CURSE the property has been reduced such degree as to make termination OF CONSTIPATION of the receivership advisable. During the last 18 months several attempts have been made by creditors A Battle Creek physician says, of the bank to force termination of the receivership and hearings on pe"Constipation is responsible for more titions to this effect were filed in misery than any other cause." district court. The court. however. But immediate relief has been refused order termination of the found. A tablet called Rexall Order- receivership until Wednesday.