7471. Farmers Bank (White Plains, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 1, 1925*
Location
White Plains, Kentucky (37.184, -87.385)

Metadata

Model
gpt-5-mini
Short Digest
d75c3cba

Response Measures

None

Description

The Farmers Bank of White Plains was ordered suspended in May 1925 by the state banking department and placed in liquidation. Property was ordered sold (Oct 1928) and auctioned (Nov 1928). Multiple newspaper items discuss ensuing liquidation and criminal indictments of the former cashier Claude Bass. There is no description of a depositor run in the articles; suspension was by state banking authority and the bank remained closed and liquidated.

Events (7)

1. May 1, 1925* Suspension
Cause
Government Action
Cause Details
Suspended on order of the state banking department (state banking commissioner).
Newspaper Excerpt
the bank suspended operation in May, 1925.
Source
newspapers
2. September 7, 1926 Other
Newspaper Excerpt
When the bank closed doors 1925 ... Rudy Laffoon ruled that stockholders of the defunct Farmers bank of White Plains were preferred creditors and should receive payments from liquidated assets of the bank before depositors.
Source
newspapers
3. September 29, 1926 Other
Newspaper Excerpt
Selection of a jury to try Claud Bass, indicted for bezzlement following suspension of the Farmers Bank of White Plains ... the bank suspended operation several years ago.
Source
newspapers
4. May 1, 1927 Other
Newspaper Excerpt
the Farmers Bank of White Plains ... Bass from an eighteen months follow his conviction on an indictment in connection the bank suspension
Source
newspapers
5. October 13, 1928 Other
Newspaper Excerpt
estate and personal property owned by the Farmers bank of White Plains, which suspended operation in May, 1925, will be sold under order [of] state banking commissioner ... to settle the affairs of the [bank] which has been in liquidation since its suspension.
Source
newspapers
6. October 13, 1928 Receivership
Newspaper Excerpt
will be sold under order state banking commissioner ... to settle the affairs of the [institution] which has been in liquidation since its suspension.
Source
newspapers
7. November 6, 1928 Other
Newspaper Excerpt
Disposing of the physical property of the Farmers Bank of White Plains, in process of liquidation the state banking commissioner ... sold the holdings at auction Monday afternoon ... The bank suspended on order of the state department in May, 1925.
Source
newspapers

Newspaper Articles (16)

Article from Evansville Courier and Press, September 7, 1926

Click image to open full size in new tab

Article Text

Circuit Judge Rules Against Bank Depositors MADISONVILLE, Ky., Sept. (Special) Rudy Laffoon ruled that stockholders of the defunct Farmers bank of White Plains were preferred creditors tnd should receive payments from liquidated sets of the bank before depositors. His decision will be taken to the court of appeals. When the bank closed doors 1925, there was cash deposits and notes. The amount which were missing when the


Article from The Messenger, September 29, 1926

Click image to open full size in new tab

Article Text

BASS TO FACE JURY AS CASE ORDERED Move for Continuance bezzlement Case Overruled. NEAL STIVERS ABSENT, DEFENSE CONTENTION Testimony on Point petent Anyway, Laffoon Decides. Selection of a jury to try Claud Bass, indicted for bezzlement following suspension of the Farmers Bank of White Plains, began in circuit court at 2 o'clock Wednesday afternoon after legal moves for continuance by C. Waddill and Charles G. Franklin, defendant's attorneys, failed. At the afternoon session court Bass' counsel filed motion to strike the particulars and require the commonwealth to furnish proper bill. This was overruled by Judge Ruby Laffoon. The next move of the defendant's attorneys was the filing of motion for continuance, asserting that Neal Stivers, one of their principal witnesses, was detained in Florida by the recent hurricane in that state and could present. was claimed by the defendant in the written motion that Stivers knew of the operation of department by the bank and that he knew the rules under which was operated by the directors and officers of the institution In overruling this motion Judge Laffoon held that he considered Stivers' testimony on that point would be incompetent. Bass was acquitted at term court when he was tried on an returned nection with the bank's sion. Legal maneuvers in one Claude Bass cases tically all of the morning After hounced ready in the first ten Bass cases on the Waddill and Bass attorneys, filed motion requiring the state to furnish bill of particulars the Henry Allen case which the wealth was ready to Commonwealth Attorney Bennett, County Attorney Gooch and John Grayot, assisting the council for banking department, filed state which, said, such was included receipt Bass alleged to have given Allen when the latter deposited bonds the Farmers Bank of White Plains. The case one in which charged embezzling Liberty bonds, one of and of the $500 missing when the bank suspended operation, John Baker, shooting tent to kill, was reduced to in sudden affray, to which ing the defendant pleaded guilty. He fined $50 and costs. There mistrial, the to agree, the May term. E. (Jim) Kirkwood, liquor appeal case, defendant pleaded guilty. He was fined $200 costs, sentenced to thirty days Jail at hard labor and required execute $1,000 for one year the court. Peyton, liquor also imposed by the which included the execution similar peace bond. The court approved the of the West Kentucky pany for the removal tion against the which Roy Stoltz damages, the States district court. stituted suit burns gas well months H. Lundson reinstated on equity reinstatement motion the court to defend Albert filed motion requiring monwealth particulars the against Stokes.


Article from The Hustler, October 22, 1926

Click image to open full size in new tab

Article Text

Special Registration For Voters Of Earlington County Clerk L. McGregor has announced there be supplemental registration for Earlington voters held in his office Monday, Tuesday Wednesday. The county clerk's office will be open for registrant's from to on the first two and from m. on Wednesday Orders Payment of Bond Amounts and Interest From Assets of Bank. Judge Ruby Laffoon ruled late Wednesday that bond owners who had deposited bonds in Farmers Bank of White Plains for safekeeping, and which missing when the bank suspended operation in May should paid out assets before creditors and debositors. Interest from Jan. was also lowed by Judge Laffoon Counsel for the Farmers Bank White which included Durand others, petition and which Balley defendants. were granted appeal to the appellate court. The claim of Ray. sheriff, for was and allowed in the same order Following the Est bond owners amounts of their bonds embraced in the court $2,000 N. and Mrs. George Ferguson, $1,000. Sharber $2,000. Henry $2,000. Mrs. Media Allen, $600 Tishia Allen, $100. $500. Florence Skaggs, $100. Carl M. Sisk. Friend Orphan Lodge No. 523, $200. Asks New Trial The motion for trial. filed the defendants the action of Buhler Travis West Kentucky Coal Company has been taken under advisement by the court, was awarded $500 jury for injuries suffered by falling the defendant Fox Run mine near St. Charles. order tered in Ernest Newton City of Earlington on the motion of the plaintiff Newton was awarded judgment in cir sourt for damage he claimed he when grade was established for street ment front The judgment reversed by the appellate court. Fowler W plaintiff adjudged lien on eight acres master directed to sell same. W. B. order amended and supplemented Stella Jones E. Laffoon guardian, latter ordered pend specified amount monthly for ward's maintenance. Vella 0. Gentle derendant filed answer. Charles Stodhgill vs. Co submitted. Ernest Patterson vs, West tucky Coal Company, generally Plaintiff is suing $3,000 for an injury suffered working the tendant's No. mine tipple at Earlington Citizens Bank & Trust pany Life Insurance Company. Defendant's murrer overruled. Morgan Talmadge Burchett ordered commissioner sell lot involved action at public sale. To Jury Friday The case Smith against the Illinois Central Company which has been on trial circuit court since Tuesday be sumbitted to the jury Friday morning. Evidence was adduced by Thursday noon. The property claimed to have been damaged by overflow water viewed by the jury Thursday afternoon. Smith<is seeking $3,000 judgment. 62 BUSHELS IN HOURS Robert Oakley. of the Slaughters country. set an apple picking record for the county when he picked 62 bushels of winesaps the farm Tippett. Hanson country. in nine hours.


Article from The Courier-Journal, May 2, 1927

Click image to open full size in new tab

Article Text

MADISONVILLE COURT TO OPEN Important Cases Expected to Be Tried At Term Starting Soon. Special to The Madisonville, Ky., May 1.-The May Circuit Court term will convene here Monday with heavy dockets. Among the important cases on docket for trial at the term, which Mack indicted for murder the slaying Ernest Lee son Springs May Henry Johnson, victed in to in the fatal wounding Deputy Sheriff Murphey in March 1925, and granted new trial Court of Appeals Herman Gillard the wounding of Clint Dillingham Nortonville months Magistrate B. E. Laffoon, facing indictments work in the and nine cases against Claude Bass, with the the Farmers Bank of White It expected the cases Court of Appeals in the peal of Bass from an eighteen months follow his conviction on an indictment in connection the bank suspen sion There are several big law actions on the docket of the May term.


Article from The Messenger, February 3, 1928

Click image to open full size in new tab

Article Text

Trial of Johnson Berry, Slayof Wife, Docketed er for Feb. TAPP BROTHERS WILL BE CALLED FOR TRIAL Herman Gilliard to Charge of Killing Clint Dillingham. Trial of Johnson Berry charged with killing his wife last August will be one of three murder cases to come before the February term of circuit court to convene here Monday for four-week session. Berry has been in jail since release from the Madisonville hospital, where he was patient several weeks while recovering from wound in the head, seit inflicted with shot gun at the time he fatally wounded his wife. His trial is set for February The case will probably come first public Tapp Brothers Case. Lee Tapp and (Boss) Tapp, charged with murder connection with the slaying County Patrolman Allen dance in the Beulah country several months ago, are scheduled go trial on the day. These cases were reset for trial circuit court following reversal the circuit court the appellate court, the defend having been sentenced to penitentiary their prior trial Herman Gilliard, indicted for fatally wounding Clint ham, Nortonville, is to trial on the third day the term. The trial of Daisy negro woman, indicted for manslaughter, is set for the third day. Bass Cases. Nine commonwealth against Claude Bass, returned connection with the suspension the defunct Farmers Bank White Plains, set for trial the same day. Bass was convicted on indictment in connection with the bank's suspension and sentenced to the penitentiary, this judgment reversed by the court of appeals several weeks ago. Two cases against Magistrate B. Laffoon, returned nection with county road work. are on the docket for the fourth There are 66 new divorce tions on the equity appéarance docket. Thirty-five cases will be submitted to grand jury for vestigation from county and Madisonville police courts, Six of these from the latter court. One Madisonville police court charge against County Judge Hughett, who is under bond assault and battery which is set for the fourth day of the term.


Article from The Messenger, September 26, 1928

Click image to open full size in new tab

Article Text

8 BASS CASES ARE CONTINUED Eight indictments against Claude Bass, returned in connection with the suspension the Farmers Bank of White Plains, of which he was formerly cashier, were continued Wednesday afternoon's circuit court session until the third day of the May term because of absent commonwealth witnesses. The bank suspended operation several years ago. In the common law action of the Farmers National Bank vs. J. D. Utterback &c., defendants Wednesday morning tendered offered to file bill of exceptions and official stenographer's transcript and report evidence and carbon copy thereof, preparatory to appealing the court's judgment to the court of appeals. The bank was awarded a $5,000 judgment, interest and costs at the May® term on note, claimed to have been executed as part payment for John W. McDonald, former cashier of the bank. in an alleged shortage at the institution while McDonald was connected with the bank. McDonald was sentenced to the Atlanta, Ga., federal prison in the U. S. district court at Owensboro for a year and is now in the Atlanta penitentiary. Orders in commonwealth cases Wednesday morning were: Lucian Ratcli... continued to second day of February term. Cordie Laffoon, similar order. Dexter Taylor, like order. Jack Heltsley, continued alias and defendant's $300 bond forfeited. William Burden, continued to second day February term. A like order was entered in the commonwealth case against Ola Logan. John Waters and Cooper Watkins went on trial shortly before noon. Orders were made in the following cases Tuesday afternoon: R. E. Lee, under indictment for unlawfully keeping and harboring a dog without license (Please Turn to Page Six)


Article from Evansville Courier and Press, October 14, 1928

Click image to open full size in new tab

Article Text

BANK PROPERTY IS ORDERED SOLD MADISONVILLE, Ky., Oct. 13.(Special) estate and personal property owned by the Farmers bank of White Plains, which suspended op- 45, lower gauge, 5.3 feet, rising: Dam No. 46. lower gauge, 6.5 falling: Dam No. 47, lower gauge, 4.8 feet falling: Dam No. 48, lower gauge, 4.4 feet, falling: Dam No 49, lower gauge, 4.9 feet, falling: Mt. Carmel, 1.6 feet, falling: Shawneetown, 5.2 feet, stationary; Nashville, 7.5 feet. stationary: feet, falling: Johnsonville, 3.9 feet, rising: Paducah, 5.1 feet, stationary; Cairo, 15.0 falling. eration in May, 1925, will be sold under order state banking comsioner, Frankfort, at the Madisonvill door, 5, to settle the affairs of the which has been in liquidation since its suspension. The holdings are situated in Hop. kins and Christian counties. In this county there is brick building, parcels of land and office fixtures to be sold, while in Christian county six tracts of land are to be auctioned. Claud Bass, former cashier of the bank, is of indictments in the circuit court. returned after the bank's suspension.


Article from Evansville Courier and Press, November 4, 1928

Click image to open full size in new tab

Article Text

Ky., Nov. the former Farmers' bank White Plains, uated Hopkins and ties, will the Monday under order state banking Denny. to settle the affairs institution which liquidaits suspension in May 1925 The property be consists of brick building and three parcels which the bank interest wall the structure, lot Gap, in Franklin addition White Plains personal property banking consisting vault. desks, typewriters and other articles and holdings in The county property more 200 number pending circuit court against Claude former cashier the these turned after the bank had suspended operation


Article from The Messenger, November 6, 1928

Click image to open full size in new tab

Article Text

BANK HOLDINGS ARE AUCTIONED Disposing of the physical propof the Farmers Bank of erty White Plains, in process of liquidation the state banking commissioner, Col. Frank D. Cardwell, under E. F. Thomsupervision deputy commissioner of asson, Calhoun, sold the holdings at auction $4,727 Monday afternoon for at the courthouse door. The property is located in Christian and Hopkins counties. The bank suspended on order of the state department in May, 1925. The brick bank the three lots on which the structure situated and bank fixtures were purchased by Judge R. HarriNortonville, for $1660. son, The Oates situated in White Plains, and property the bank was bought by Crick, White Plains, $305. O. Dillingham house and lot, White Plains, sold to J. R. Sisk, White Plains, for $800. 100-ac tract, north of A White Plains, was bought J. by R. Sisk for $926. This is known as the Moore tract. A house and lot, known as the situated in MorVaughn property, tons Gap, was purchased by G. E. Henry, Mortons Gap, $485. A 20-acre tract in Christian was sold to the Kentucky county Trust Co., trustee for $51. Bank A 110-acre tract in the same county was bought by Christian for $500. Lyle, county, W. J. Cox, bid $100 for city, 40-acre Sharber tract, Christhe tian county, but the bid was and the tract will be resold jected at date be determined. The Manaban 100-acre tract, Christian county, was not sold because the banking commissioner had been informed there is over the title and controversy is pending in the Chrislitigation circuit court. The tian county is to be sold at a future property date.


Article from The Messenger, May 10, 1929

Click image to open full size in new tab

Article Text

BASS CIVEN 3-YEAR TERM (Continued From Page One.) that the bank was examined two or three times every year after Mr. Bass sold his stock and other officials were installed until it was closed in May, 1925. hat did they find ?" he inquired. "They four that the new cashier owed the bank $10,000 and the bank never got a cent of it. They found that another man owed the bank $2,700 which was never cell cted and never will be. That was all after Bass was gone. After relating that the board of directors met on June 23 and declared a 100 percent dividend for the purpose of reducing the bank's taxes. Mr. Frankl n stated that there still $5.100 left in the surplus and undivide profits of the institution after the dividend was paid, adding and yet, the commonwealt. is trying to show you it was that divident that wrecked the bank "Dr. Bailey and his family got part of that dividend just like Claude Bass did," he said. "O course. Bass got more than they did because he owned most of the stock. If Dr. Bailey had ONTER most of the stock. then he would have received most of the dividend." Mr. Franklin said that the Billey family had just as many employes in the bank as the Bass family had. "Then. why. he shouted "if there were any irregularities did Dr Bailey know no hing about it? Dr. Bailey kne that Mr. Bass cred ted those bonds to the emergency fund. Says Memory Fault The defense lawyer stated that he didn't charge that Dr. Bailey would deliberately swea. to falsehood but that his memory was bad, quoting that. is very fleeting thing He told of the many stocks the prosecuting witness had bought through the Farmers Bank and that Dr Bailey had testified on the witness stand that Studebaker was the only stock he had ever Lought through that institution 'He was placed back on the stand and didn't deny that ne nad bought those stocks Gentl he has also forgotten that ne knew all about the b. nd plan O. that bank. Mr. Franklin said that n a dollar of the money in t.e sale of the Liberty bonds went into the surplus or undivided of the bank, ror did it go pay that 100 percent div.dend h dividend was not even paid 11 cash," he continued It was paid in time deposits due in on an two years. So gentlemen. u can see that this bond mo ey didn't go to pay the dividend. Says Hung Jury Sough Charging that Bass' "stock in trande has been fooling credulous people John L. Grayot, veteran prosecutor launche into vere arraignment of the forme: that the defendant 11 actu tt d would "go out and grin abo.1 how he fooled the people Charging that the Le ens torneys had attempted to throw a smoke screen acout the rea issue in the case, Mr. Crayot said, in part They want to hang the They want to try to the av smiling detendant and ly deadlock the jury Mr. Grayot sald that the receipts presented in the d ne cid not tel. him the bonds wer 1.1 Louisville whe he h.s. tried to collect the interest, as the former cashier has mai Who Lied: "Who lied. gent.emen he asked Which world you believe on the stand that he was never told such thing "Would you believe this sic ducki this smooth article, gran. bing money herever he can put his ands on it Bass swore that when he gave D. Bailey nis the emergency fund and that no (Bailey get the money 01 the bonds whenever he called for them he knew that if he couldn't get the jury to believe those lies n would go to the pen quicker than a snowball would melt in heli. lieve Dr. Bailey on his word without being sworn before Pd believe ( Inude Bass if he swore in every court of the country Bass Family Profited. "They declared a 100 per en dividend with the trenzed reason given to 'beat the state out 0 the payment of taxes ther were other Basses on the board or directors Who protited Claude Bass drew $7.900 of the $15,000 declared in the d vider.a. His father and sister brought In amount of profit for the Bas: family up to around $12,00) 0 Whatever you say about laud Dass. he is no fool. Claude knew e bank was coming tumbing down in wreck and Claude was getting away from that wreck A 100 percent dividend in a Claude Bass can manage a ban like that. he can make a big sal ary in any city bank in the coun try. Whover heard of a bank declaring a 100 percent dividen but the Farmers Bank of White Signature Missing. Mr. Grayot contended that the absence of Dr. Bailey's signature on the bond book "shows plainly a permediated effort to sell those bonds without the knowledge of Dr. Bailey. In keeping this emergency fund, it is strange, strange, gentlemen, that there is not one scratch of the pen to show the bonds were sold Is that banking During Mr. Grayot's speech, a hot verbal encounter ensued between opposing counsel, which percipitated from continual ob jections advanced by Mr Waddill. The prosecutor made reference to these objections and Mr. Waddill was immediately on his feet stating that he knew bis rights in court as well as Mr. Grayot, who charged that the 00jections were merely intended to throw him off the line of his speech. Judge Laffoon informed the defense counsel that he could object as many times as he wished. Admits Bond Sale. Bass, the only defense witness, was severely cross examined by Commonwealth Attorney John L. Grayot Thursday afternoon, ad mitted he sold W. B. Bailey Liberty loan bonds. valued at $4.250, entrusted to his care while he was cashier of the Farmers Bank of White Plains, and said Dr. Bailey had knowledge of the sale for he (Bass) had informed him of the Dr. Bailey testified Wednesday afternoon he did not know his bonds had been sold until after the bank suspended in May. 1925, and discovery was made only when liquidation was in progress under the direction of the state banking department. Dr. Bailey testified he had not given Bass or anyone else authority to sell the bonds. Bass, in his testimony. stated he had inormed Dr. Balley OF the bank opening bond d partment and had explained it to him in detail, telling him bonds would be bought and sold The def endant said he did not give Dr. Bailey credit for the $4 250 Liberty bonds at the bank when sold, but placed the saie proceeds in the emergency fund because Dr. Bailey m ght want to draw on it or buy bonds When Bass was asked by Commonwealth Attorney Grayot if it was customary for banks to sel: bonds placed in their cust dy. Bass said "some do, but not all. He said he got the bond department form he used from a Louisville bank and thought it was from Liberty Insur ince bank When asked if it was not state on the back of certificates issued following receipt of bonds by the bank while he was cashier that bonds like those described would be returned to the owner, Bass stated any bonds like those n.ent oned in the certificate would do. Get New Receipt. He said Dr Bailey's reason for not signing the bond register was because he was issued a new receipt when his oll one was taken up and it was not necessary to sign the registe y. Plains declared its 100 percent dividend June 23, 1923, payable June 30, 1923. Bass said He testineo he owned 19 shares of stock then and he received about $7,900 as his dividend pait; his wite owned 33 shares, receiv ng $3, 300: his father, 5 shares, got $500: sister, 10 shares of st ck receiving $1,000 and a consn named Murphey, owner $1,000 when the shares receiving wife received more than at that time Bass admitted The bank had declared a 13 and at that time it had $15.00 fits. When the June, 1923. divi dend was declared it reduced in surplus to $5,000 and lef $1 0.03 as undivided profits, When Commonwealth Attorney Grayot ha: clicited this information from Bass he led the witness back to the Bailey Libe.ty bonds and asked ni.n why no entry O. Bailey might have lost the recelpt. the record he had of his bonds deposited in the tank for safekeeping. Bass replied, "in the first place Dr Bailey would not have lost his receipt (this being new receipt issued April 13, 1922. after the old one had been taken up by the bank) but if he had there was small book at the bank which contained the names of owners 01 bonds who had money in the emergency fund. Commonwealth Orders. Orders entered in commonwealth cases follow: Lem Davis and Eugene Davis, ontinued to second day of Septerm W. P. Westherly, continued to first day of the same term. Malcom Smoot continued to second day of September term. W. W Williams (appeal coninued to third day of the September term Neison Stevenson. two cases, ontinued to th.rd day of September term Howard Hunt. continued to second day of September term. ne grand jury recommended he dismissal of the housebreaking harge against J. H. Robb, in jail, nd he released from custody Civil Case Orders A. Y. Rudd etc., VS. J. K. Rudd. te., B L. Nisbet appointed guardian ad litem for infant defendCallie Hogan Staples vs. Sam Staples, oodie Gaynelle Stone vs. staude Stone &c., Beulah Eaves S. George Eaves. Oscar Henderon VS Nevaline Henderson, Paul Harris vs. Myrtle Harris, Beatrice Harvey vs. W. J. Harvey and Lillian Blanche Cain VS. John Cain vs. John Thomas Cain, sub-


Article from The Cincinnati Enquirer, May 11, 1929

Click image to open full size in new tab

Article Text

FORMER BANKER CONVICTED And Sentenced On Embezzlement Charge In Kentucky Case. Madisonville, May to the penitentiary Circuit Court jury here, today, executed appeal bond and appealed judgment the Appellate Court Review. charged with embezzlement of Liberty Loan bonds valued cashier the Farmers Bank White Plains, which pended operation faces Indictments returned the bank's suspension. These be continued until Court of Appeals the appeal. Bass to return Pontiac, Mich., few days, where he engaged business. This the second time Bass been convicted connection with bank's failure. sentenced months in prison his first trial charge having embezzled Liberty Loan bonds, totaling owned Henry Allen, another depositor the defunct bank. This conviction, October, 1926, versed by Court of Appeals.


Article from Evansville Courier and Press, May 11, 1929

Click image to open full size in new tab

Article Text

FORMER CASHIER CONVICTED AGAIN Claude Bass Appeals Sentence of Three Years to Appellate Court MADISONVILLE Ky., May 10.(Special Bass, convicted and sentenced to three years in the penitentiary by circuit court jury here this executed $3,500 appeal bond and appealed the judgment to the appellate court for review. Bass, who was charged with and convicted for embezzlement of Liberty loan bonds valued at $4,250, the property of Dr. W. B. Bailey. while the former was cashier of the Farmers bank of White Plains, which suspended operation in May. 1925. now faces more indictments returned since the bank's suspension. These will continued until the of appeals rules on the conviction today Bass will return to Pontiac, Mich. in few days, where he is engaged in business. This is the second time Bass has been convicted in connection with the bank's failure He was sentenced to 18 months in prison at his first trial on charge of embezzling Liberty bonds totaling $4,000, by Henry Allen, another of the bank This conviction in October, 1926, was reversed by the court of appeals.


Article from The Hustler, May 14, 1929

Click image to open full size in new tab

Article Text

lieve Dr. Bailey on his out being sworn before I'd believe Claude Bass he swore in every court of the country. Bass Family Profited. "They declared 100 percent dividend with the frenzied reason given to 'beat the state out the payment of taxes. other Basses on the board were of directors. Who profited Claude Bass drew $7,900 of the $15,000 declared in the vidend. His father and sister brought the amount of profit for the Bass family up to around $12,000 the "Whatever you say about Claud Bass, he is no fool. Claude knew the bank was coming down in wreck and Claude was getting away from that wreck 100 percent dividend in country bank! Gentlemen, Claude Bass can manage bank like that, can make big salin city bank in the ary any try. Whover heard of bank declaring 100 percent but the Farmers Bank of White Plains and Claude Signature Missing. Mr. Grayot contended that the absence of Dr. Bailey's signature on the bond book "shows plainly permediated effort to sell those bonds without the knowledge 01 Dr. Bailey. "In keeping this emergency fund. it is strange, strange, genthat there is not one scrutch of the pen show the bonds were sold. Is that bank- During Mr. Grayot's speech, hot verbal becounsel, which percipitated from advanced by Mr Waddill. The prosecutor made these objections and Mr Waddill immediately on his feet stating that he knew his rights court as well as Mr. Grayot, who charged that the 00jections were merely intended throw him off the line of his speech. Judge Laffoon infor ned the defense counsel that he could onmany times as he wished. Admits Bond Sale. Bass, the only defense witness, was severely examined by Commonwealth Attorney John Grayot Thursday afternoon, admitted be sold Dr. W. B. Bailey's Liberty loan bonds, valued at $4,250, entrusted to his care while be was cashier the Farmers Bank of White Plains, and said Dr. Bailey had knowledge of the sale for he (Bass) had informed him of the Dr. Bailey testified Wednesday afternoon he did not know his bonds had been sold until after the bank suspended in May, 1925, and discovery was mane only when liquidation was in progress under direction of the state banking department. Dr. Bailey testified had given Bass anyone else authority to sell the bonds. Bass, in his testimony, stated he had inormed Dr. Bailey of the bank opening bond partment and had explained to him in detail, telling him would be and sold. The defendant said he did not Dr. Bailey credit for the Liberty bonds at the bank when sold, but placed sale proceeus in the emergency fund because Dr. Bailey ght want draw on or buy bonds. When Bass was asked by Commonwealth Attorney Grayot it was customary for banks to set: bonds placed their cust Lass "some do, but not He said he got the bond partment form he from Louisville bank and thought from Liberty Insur When asked was the back certificates issued following receipt of bends by the while he was cashier that like described would be the owner, Bass stated those ment certificate would do. Get New Receipt. said Dr Bailey's signing the bond register because he issued when his one taken up and not neces sign the registery Farmers Bank of declared its 100 percent June 23, 1923, payable 1923, Bass said. he owned 79 shares of and he received about his dividend part; 33 shares, $3, father, shares, got sister, 10 shares of stock receiving $1,000 and named Murphey, shares $1,000 the receiving dividend paid. received more that time,


Article from The Mayfield Messenger, September 27, 1929

Click image to open full size in new tab

Article Text

CONTINUE CASES OF CLAUDE BASS MADISONVILLE, Ky., Sept. 26. -Nine commonwealth cases against Claude Bass, former cashier of the Farmers Bank of White Plains, and WSO was indicted aft er the bank's suspension, were continued until Wednesday afternoon until the February term. Trial continuance was granted to await the appellate court's ruling on conviction of Bass.


Article from Lexington Herald-Leader, January 22, 1930

Click image to open full size in new tab

Article Text

ZERO SWIMMING HARLAN With zero weather throughout the State, three Harlan high school athletes dared the frozen waters of Cumberland river and took swim. While several shivered on the banks to the students carry out their agreement to go swimming in the cold water the trio cut the ice. enjoyed dip and then retired to their homes. SMALL BLAZE AT HOTEL Fire fighting equipcalled to the Hotel Henry Watterson to extinguish small blaze in an elevator motor on the 11th floor. The flames were confined to the Officials at the Fire Tower said the damage amounted to about 8250 and that the blaze was caused the heated One of the two in the main lobby was temporarily put out of order BELIEVES ACH CROP LOST HENDERSON Ben E. Niles secretary of the Horticul Society expressed the belief here that the entire peach crop in Henderson county had been killed by the sudden drop in temperature. entailing loss of approximately $150,000 Mr Niles the statement after with peach growers of the He also said that he understood 'that almost the en. tire crop the central valley had been Mr Niles estimated that there acres of peach bearing trees Henderson county FILES St IT AGAINST CLERK HOPKINSVILLE Suit for $2,500 was filed circuit court in the name of the Commonwealth for Dick against Walter former circuit alleging that the defendant's had Dill serve 30 days in jail he had paid fine Dill was freed few days ago on by ruling Judge Ira D Smith on habeas corpus writ He asks damages and the amount of the fine The Ezell and his surety. the Fidelity Guar. anty Company. of Baltimore as defendants FACES OTHER INDICTMENTS MADISONVILLE -Claude Bass. cashier of the Farmers' Bank of White Plains which suspended operations on of the State Banking in and won reversal of the in the penitentiary judgment of Hopkins circuit court by the Appellate Court at Frankfort Tuesday. faces nine additional indictments in circuit court here as the result of the bank's pension Eight of these indictments charge embezzlement and the other with having made false entry on the books of banking corporReversal of the lower court's judgment is the second one Bass has won since the suspended He was to 18 months the penitentiary this first trial He engaged in the tile manufacturing business in Pontiac Mich. Business World BY.J. C. ROYLE. WASHINGTON, Jan. 22 (CPA) is busy taking leaves from the book of experiFor years agricultural experts of the government have been urging the agriculturist to practice diversified farming. To a large extent they have been successful. as shown by the cold cash which has flowed in to the farmers from time dairy poultry and from truck gardening. Now the manufacturers have seized this leaf from the farmer's book and are turning to diversified industry to bolster This trend fully exemplified by the determinat of the largest radio receiving set manufacturers to enter the refrigeration The corporation points out that the time of largest consumption radio sets by the public in the fall winter Thus they had two alternatives in operations during the spring and summer. Either they could pile up big stocks, which might through new developments become practically obsolete before they left the factory or which might be difficult to move. or they restrict production during part of the Curtailment would disrupt their working forces. make the savings of mass production impossible mitigate against plant The company therefore has turned manufacture of mechanical The idea there is that the time of best sales of refrigeration units is in the spring and summer Their enable the company to keep its ing force intact. into production in the one field while demand in the others low The same trade outlets for retail distribution they made to serve for both Machinery in plants is adaptable for either class of This trend has become real busfactor and there is reason to believe. according to government that will grow steadily throughout 1930 The two largest producers of have taken similar One is in the refrige ration field. the manufacture of aircraft in the production of radio sets and in the making of flying boats. Plano manufacturers are turning motor boats. Drug stores have become in everything but name The coal and coke producers are engaged in the manufacture of of are manifold Grocery which handled them before are adding lines of fresh meats and vegetables The packers are seeking to enter the grocery field Mail order houses are going into the chain store Chain stores are becoming book well and rumored that cigar are preparing to add lines of groceries and dry These developments have disturbed some of They declare is legitimate hunting for markets customers but "poaching" on the of others Many officials alarming in provided the provisions of the anti-trust laws are strictly observed. One economist likens the position of the objectors to that of man who is accustomed to walk down the street to business day after day. One day he finds the street blocked and is disgruntled until he finds way around the obstructions. The proponents of the trend declare that business example of perpetual motion that has been It cannot stand still and unless move with it they are likely to get run over They add that the prosperity of industrin America has been built up on plant efficiency and that must be matched by managerial efficiency Labor leaders see in the procedure stabilization although they fear that until the plan becomes general many may have difficulty in readjusting themselves to these diversified conditions They point out the failure registered in the efforts to transplant coal miners and textile operatives from the factory towns of England to the fields of Canada as an example of this danger.


Article from The Hustler, March 4, 1930

Click image to open full size in new tab

Article Text

JACKSON CASE Continuance to the May term was granted by Judge Ruby Laffoon the common law action of City of Madisonville and Roscoe Cash against Whitnell JackFriday morning in circuit court. In this action, $6,200 judgment sought against Jackson, former Madisonville patrolman, following the wounding of Cash in the arm by bullet from Jackson's revolvlast December. Cash, co-tenant in a West Censtreet dwelling with Bernice Campbell, wounded after Jackson and Ernest Siria, then patrolman, had gone to the house to investigate reported disturbance. Jackson claims thought Cash was Campbell advancing on him with intention of fire with shotgun. Base Filed. Mandate of the court of appeals reversing the Hopkins court the case against Claude Bass, former cashier Farmers Bank of White Plains, in which Bass was convicted May 10, 1929, and sentenced to three years in the penitentiary, has been filed in circuit court. No further court order been made in this Bass convicted on an embezzlement charge the suspension of White Plains bank and the judgment appealed higher court for view. This is second reversal for Bass since he was indicted following the bank's suspension, the lower court's judgment eighteen months having been set aside by the higher tribunal. Common law cases orders entered follow: Minnie L. Johnson, administratrix, vs. Louisville Title Company, filed to sponse to motion to apportion costs, plaintiff objects, court ruled and permitted to be filed to which plaintiff excepts. Ruby Gordon vs. Eula Gipson, dismissed, settled. Mrs. Farleign Williams vs. Wm. Bradley, plaintiff filed amended petition Earlington Bank Frances Rodgers Rodgers, submitted to court. Rudd, etc., K: Rudd, order and partial distribution. A. Hamby vs. Wilson Darnell, jury trial waived and case submitted court. Plaintiff awarded $668.37 judgment and costs. Court adjudged tenant on plaintiff's lands 19929 and had two-thirds interest in corn and tobacco crop. Sheriff Charles Barnett ordered to sell crop on premises after lien had been enforced to secure $509.11 under contenancy. Defendant filed motion and grounds for new trial and taken under visement by the court.