74-1076On petition of Rudolph Reichert, state banking Judge Charles White Tuesday afternoon appointed George C. Tyson, Baroda, the temporary receiver for the Baroda State bank. Mr. Tyson was cashier of the bank, before directors voted to close three weeks ago. The bank had never been moneymaker for the stockholders, and closing of the had been under consideration for many months.
The Tribune's Special Service. ST. JOSEPH, Mich., Sept. 23.George C. Tyson, cashier of the Baroda State bank closed two weeks ago, was appointed temporary receiver Tuesday afternoon by Judge Charles E. White in Berrien county circuit court. A petition ordering that the bank remain closed was filed Tuesday by the state banking commission.
BIRTHS IN ELKHART. The Tribune's Service ELKHART, Ind., Sept. 23.-A daughter was born this morning to Mr. and Mrs. Harry Cadman, 1768 East Beardsley avenue. Daughter, this morning, in Elkhart General hospital, to Mr. and Mrs. Walter Cochran, 1217 Bower street.
ENGAGEMENT ANNOUNCED.
The Service. ROCHESTER. Ind., Sept. 23 Mrs. Amelia Wile has announced the engagement of her granddaughter, Miss Josephine Yuster, daughter of Mr. and Mrs. M. L. Yuster, of Columbus, O., and Arthur Jacobs, of Akron, O.
Circuit Court Jury Brings in Verdict no Cause for Action
A verdict was returned by jury in county circuit court shortly before noon day in the suit filed by George receiver for the Baroda State bank, against Dr. Frank King, Benton Harbor The jury its verdict after the case one hour and 10 minutes. The bank receiver sued the Benton Harbor doctor to collect on $2,500 note given by Dr. King the Commercial Bank Trust company of St. Joseph in payment for 10 shares of bank stock on December 11, 1930. The note was later transfered to the Baroda bank. Dr. King payment of the note on the grounds that Commercial bank had the value of the stock and the condition of the bank at the time the purchase. by Attorney John To Appeal Verdict Attorney Barr, who represented the bank receiver, (Continued on Page 2)
NEW TRIAL IN DR. KING SUIT
Verdict in Bank Stock Sale Dispute Set Aside by Court
Judge Charles E. White in the Berrien county circuit court, today granted the motion of Attorney R. E. Barr for new trial in the suit filed by George Tyson, receiver for the Baroda State bank, against Dr. Frank A. King, well known Benton Harbor hysician. The bank receiver filed suit to collect on $2,500 note given by Dr King to Commercial National Bank Trust company on December 11, 1930, as payment for the purchase 10 shares stock in the St. Joseph bank The note was later transferred to the Baroda bank. Dr. King charged that the value of the stock been misrepresented to him by officials of the Commercial bank, and protested payment. The case was heard in the April term of the circuit court and the jury returned verdict of no cause for action. Attorney Barr in his motion for new trial argued that the purchaser never attempted to rescind his contract, paid the interest on the note and that the defense failed to show that the value of the stock was worthless the date of purchase. The judge set aside the verdict returned by the jury and granted the motion for the new trial. Attorney John Sterling, who represented Dr. King, stated in open court that he would appeal the ruling, but was informed by the court that under the rules he would not be permitted to do so.
The retrial of the suit filed George Tyson. receiver Baroda State Bank, against Dr. Frank King. well known Benton Harbor physician will probably the this cials the Berrien county circuit asserted King is being sued to collect on the $2,500 note signed in December 1930 for the of 25 shares the Commercial Bank Trust Company His note was later sold to the Baroda bank.
DR. KING AGAIN VICTOR IN BANK STOCK DISPUTE
For the second time circuit court jury this afternoon returned verdict no cause for action in connection with the efforts of George Tyson, ceiver of the Baroda State collect $2,500 from Dr. Frank King, prominent Benton Harbor surgeon. Twice the receiver has brought suit for judgment claiming that the physician refused to pay note given him exchange stock in the funct Commercial National bank St. The case was first tried last spring both instances Dr. King insisted that the bank solvent at the time was persuaded purchase stock, alleging he was the victim fraud. The stock was purchased shortly before the bank closed. King the bank stock to the Babank The was represented by Attorneys Barr and Ross Lamb. King represented by Attorneys John and Gray.
ATTY. WEBSTER WINS HIS LEGAL SPURS
Attorney Webster Sterling, son John Sterling, and the members of the county won his spurs in circuit court this when tried won one and acted associated counsel in The young man attorney for Mrs. Spear, city, terday awarded judgment against Cleveland Lester. Attorney was associated his father for defense the of George Tyson, Baroda State bank receiver, who failed in second tempt payment note Frank King, this stock the defunct CommerNational Bank Trust company
Baroda Bank Receiver Sues Three for Notes
Three suits were filed in circuit court today by George Tyson, receivthe Baroda State bank, collect balances due on notes. The defendants in the suits, and the amount of judgement asked in each follow Orville Dunham, John and Henry Johannes, $450; Henry Dinges, $860. The suits were filed for the receivby Atty. R. Barr.
CENTRAL SKATING RINK Prices 10c free, Mon. Thurs. 9-10(2t)
Two more suits to collect on notes were filed in the Berrien county circourt today by George Tyson, receiver for the Baroda State bank The receiver is represented by Attorney The defendants in the two suits, and the amount asked in each case, follow: Walter Hattie Carlson, $375; Mrs. Mary Rudel, $300.
JACKSON, only was Ray Olsen, 24, arrested by woman store detective, but he was overpowered by her when he attempted to escape en route ot jail. That was the reason Olsen was arraigned in municipal court yesterday charge of shoplifting. The detective is Mrs. Marie Fletcher,
George E. Tyson, receiver of the Baroda State bank, today filed five suits the circuit court to collect on promissory notes. The suits were filed against L. E. Brunke, $295; Fred and Augusta Schultz, $718.73; Will Schlutt, $1,316; David and Henry Siefert, $833; and Bauman, $350. The suits were filed through Attorney Rolland E. Barr of St. Joseph.
Baroda Bank May Pay Dividend Before Xmas petition for license to borrow was filed the Berrien county circuit court today by Benjamin Kral, receiver for the Baroda State bank. According to the petition, which was filed Attorney Barr, torney for the receiver, the bank ceiver may be able another pay dividend before Christmas he obtains approval of the state department. The petition states that has on posit with the state banking departpay the second 10 cent dividend the $1,000 borrowed from the Peoples State bank in for the loan will be posted with the seph bank, and it will repaid withJudge Charles E. White signed the order Mr. Kral obtains the permission the banking partment he will be able to the dividend per cent. which to approximately He stated today that he would week just when the dividend per cent dividend of the closed Baroda bank paid August The bank closed September of 1931.
Baroda Bank Receiver Sues to Collect Levy Against Stockholders
Suit to collect the unpaid balance due on a 100 per cent bank stock assessment was filed in the Berrien county circuit court today by Benjamin F. Kral, receiver for the Baroda State bank, against John Emlong and Millie Emlong, husband and wife.
According to the declaration filed by Attorney Rolland E. Barr, who represents the bank receiver, the two defendants own five shares of stock in the closed Baroda bank and have only paid $20 on the $500 assessment.
The receiver asks for a judgment in the sum of $480.