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Kerman Bank in Receiver's Hands Polton, federal bank examiner, today took chareg of the First National Bank of Kerman. The bank was closed. Bank records. it was understood were to be checked, following the unexplained absence of William Richards, cashier,
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HOME AND MISSING KERMAN CASHIER ATTACHED KERMAN (Fresno Co.) July Kerman property belonging William missing cash of the First National Bank closed its doors last yesterday by bank the Institution Hilliard attachment made to Insure partial funds allegedly embezzled the bank by Richards and acres of tential land The cashier's was tached. of its value Richards had his home to his June 16th. that then had planned to disappear Mrs. Richards has moved the liable for debt. the Shortage Grows While examination of the at fairs the bank has not yet been completed. reports were current day the amount missing funds will total "much more than Harris of San Francisco chief national for this district, said will be days before definite available extent the shortage in the local institution United Commissioner SamHollins of Fresno said search will be made for Richards all facts are available by the investigation now Friends of Richards residing here have expressed the opinion will give himself up the proper time."
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EX-CASHIER GETS PRISON TERM FOR STOCK GAMBLE For succumbing to the temptation to play the stock market, William Richards, former cashier of the First National Bank of Kerman, Fresno county, must pass the next seven years in the Federal prison on McNeil's Island. Richards, 31 years of age, abstracted the undivided profits of the bank and its cash on hand, amounting to $67,000, and speculated with it. With each succeeding loss he purloined additional money intrusted to his care, hoping in one "big killing' regain his losses and repay the bank, according to Asst. U. Atty. Layng and the Department of Justice agent who brought about his arrest. The killing" never came his way, and when his peculations were uncovered the bank, capitalized at was placed in charge of H. Hilliard, Federal receiver, who now is liquidating the institution. Richards pleaded guilty last Monday before United States District Judge Cosgrave to the eight counts in the charging embezzlement. He appeared yesterday for sentence. The court voiced the opinion no leniency be asked as no tangible offer had been made for satisfactory of the $67,000. The judge stated he had letter written by Richards's counsel in which suggested offer of repaying the bank receiver $1000 month was presented, but when the prisoner said he could not make tangible offer the court said the prisoner would be sentenced. On the first count the sentence five years' imprisonment. seven remaining counts tence two years to each, concurrently, but consecutively to the first count. The total sentence, the court said, will be seven years.
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Kerman Bank To Pay 25 Per Cent Dividend KERMAN, Dec. 6. 25 per cent dividend depositors and creditors of the defunct First National bank of Kerman will be paid Tuesday, H. Hilliard. federal bank receiver. announced today The dividend, the first since the bank closed in July, will total $26.062, Hilliard said.
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money and has some in the bank. the second county call off Eureka payments, being the other. 25 cent depositors and creditors defunct First National Bank Kerman Tuesday, Federal bank receiver, announced today. The dividend, the first since the July, total $26,062, Hilliard said.
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TAX PAYMENTS EQUAL LAST YEAR'S Eleventh hour taxpayers caused something of traffic jam in the office of Tax Collector E. W. Houston yesterday, as they hurried to get across the line before the closing of the first installment period. The tax collector is quite optimistic regarding tax payment, believing that the amount on the first installment will be as large as last year's. All letters containing tax money that are postmarked before today will receive consideration at the office, and there is large stack of such missives to be opened and the contents compiled before the amount paid on the first installment can be computed. KERMAN BANK DIVIDEND Kerman, Dec. 6-(LP)-A 25 per cent dividend to depositors and creditors of the defunct First National Bank of Kerman will be paid Tuesday, H. P. Hilliard, federal bank receiver, announced today
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KERMAN BANK CREDITORS WILL GET DIVIDEND Twenty-Five Per Cent Of Total Claims To Be Paid, Starting Thursday Payment of a 25 per cent dividend depositors and creditors of the defunct First National Bank in Kerman, the first since the bank closed its doors last June, was announced to-day by H. P. Hilliard, federal bank receiver in charge of the affairs of the inThe dividend. payment of which will begin next Tuesday morning at 10 o'clock the bank's headquarters in Kerman, will aggregate $26,062.27 Hilliard said additional dividends will be paid as demaining assets the bank are liquidated. although the or dates of the can not be announced this time. Must Prove Claims The 25 per cent initial dividend will be paid only upon the presentation creditors of certificates proving claims Creditors who proved claims and have not certificates may obtain them at the receiver's office in Hilliard said his Kerman office will be for days, beginning Tuesday, from 10 M. to M. the distribution of dividend After Thursday, December 15th. dividend checks will be mailed or distributed at Hilliard's office in the T. W. Patterson Building in Fresno $104,249 Total Claims The receiver said proven claims creditors this total $104 The bank had deposits of $149,644 49 at the time it closed doors June 30th, last The Kerman bank failed followthe disappearance William Richards, who later was arrested and pleaded guilty to the 000 of the institution's funds He was sentenced to term in the federal penitentiary.
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Closed Kerman Bank to Pay Dividend Dec. per cent dividend depositors creditors of the funct First National Bank man be paid, H. federal bank receiver, announced today. The dividend, the first since the bank closed July, will total $26,062, Hilliard said.
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Post's News Stories NEW TRIAL DENIED ST. LOUIS. Dec. defense motion for new trial in the suit of Mrs. Adele Lynch Tatum. Los Angeles, aside the will of her sister, Mrs. Blanche Borddenied today by Circuit Judge Rutledge. The will leaves the estate of Mrs. Bordley, variously estimated at $900,000 to $2,000,000 in value, for the establishment of home for The suit alleges she was unsound mind at the time the will was made. JUDICIAL POST FILLED LOS Dec. William H. Waste, chief justice of the State Supreme Court, today announced reappointment of present members the State Judicial Council, one exception. Judge Charles R. Barnard of Fresno, presiding justice of the Fourth District Court of Appeal. was named to fill the vacancy caused by the election defeat of Justice Hugh L. Preston. PLAN PRISON FENCE SAN FRANCISCO. Dec. California's new women's prisonunoccupied because did not meet the requirements of be adorned with ten foot fence. the state prison board has decided. The modern, attractive buildings in the Tehachapi mountains California, were supposed to have been "opened for last summer, the tenants being who are at present housed at San Quentin prison. Several days before the migration of women was to occur. however, was that since the Tehachapi "farm" had no wall, bars or guards, could not be called prison, and that it legal move prisoners from farm without making some stringent provisions. STRIKE IS ENDED BUTTE. Mont., Dec. 6. (INS). Hundreds of clerks returned work in Butte business houses today, abruptly ending strike that has been progress for The decision return work was made last night, after the clerks had declared their intention of on strike until threats of wage reductions were removed. 'MOUNTIES' AFTER KILLER PINE RIVER, Man., Dec. 6. (INS) Determined "get their man," Royal Canadian mounties today forced their way through heavy snow the trail of an unknown assailant who shot and fatally wounded John Chumick as he amined his trap lines near here yesterday. GIRL ENDS LIFE LIVINGSTON. Dec. ception pretty young daughter of Mr. and Mrs. Frank Malonado, calmly walked into her parents' room early this morning after from dance, and announced she had taken poison. She was dead minutes. She had mixed potion of used to squirrels. No motive for her action was determined. MEET ON JOBLESS CAMPS Dec. Governor Rolph will meet in San Francisco Saturday December with the California labor camp committee decide whether the committee seek loan from the Reconstruction Finance Corporation for the expansion of the labor camp program, it was nounced here today. VANDERBILT LOSES SUIT NEW YORK, Dec. fault judgment for $56,000 was entered in Supreme Court today against Cornelius Vanderbilt, Jr., in behalf of Ralph Cebrian of San Francisco. Cebrian charged Vanderbilt induced him to purchase stock in Vanderbilt Newspapers, redeem the Inc., chase price within two or three years. DEFUNCT BANK TO PAY KERMAN, Dec. 25 dividend depositors and cent creditors of the defunct First National Bank of Kerman will be Tuesday, fedpaid bank receiver, announced toThe dividend, the first since day. the bank closed in July, will total Hilliard said.
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KERMAN EDITOR IS ACQUITTED OF CRIMINAL LIBEL Jury Finds H. H. Fast Not Guilty After Taking But One Ballot Taking only one ballot and de liberating less than fifteen min utes, court jury this aft ernoon found Henry H Fast editor of the Kerman News, not guilty of criminal libel The crime of which Fast was acquitted is high triable in the superior court and punishable by fine imprison ment in the county jail action tried Superior Judge The charge against Fast was that shortly after close the now defunct First National Bank in Kerman in July he published ticles in his newspaper characteriz Johnson, president of the burglar thief and crook He that John son aided William Richards. ab away with $67,000 of the bank's Richards surrendeded few weeks pleaded guilty charge of bank funds, and sentenced United States District seven in the federal penitentiary McNeil Island He any nection shortage in the his behalf day said he published an news artiand an swers Johnson on charge of Grilled examination by Assistant Herbert Briggs, Fast admitted that the questions and answers of his pre liminary as reported his been imagined and had by Briggs hinted shady dealings before going to Kerman twenty years believed crime had been Fast money the money friends been taken and nothing was being done tried to start something that the guilty ones would be "Then, had kept story concerning the bank out of my paper and had felt Johnhad treated me fairly and You just kept it up, hoping to get Johnson fight. didn't Briggs "Yes," answered the Kerman ed.
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Depositors Of Defunct Bank Get Dividends and creditors of the First National Bank in Kerman to day had collected major portion of the $26,062.27 due them as the initial 25 per cent dividend on the assets liquidated by H. P. Hilliard of Fresno, federal bank receiver in charge defunct institution Depositors who failed to present their claim certificates at the bank office Kerman up hereafter will their first divi dend check through the mails or by the fourth the W. Patterson Building in Proven claims of creditors to date total Additional divi dends will be paid as remaining of the bank are liquidated, Hilliard said
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FAILED BANK PAYS DIVIDEND Kerman, Dec. 16-Depositors and creditors of the First National Bank in Kerman had Thursday collected major portion of the $26,062.27 due them as the initial 25 per cent dividend on the assets liquidated by H. P. Hilliard of Fresno, federal bank receiver, in charge of the defunct institution.