Article Text
FEDERAL COURT NEWS Orders signed today by Judge Neblett William W. Hendrick of Dawson, error with Coltax county, discharged from bankruptey that existed August 1. 1923. Eppy L. Northcutt, of French. Colfax county. discharged from bankruptcy that existed December 23, 1924. William C. Kennedy, of Seboyeta. Valencia county, is named U. S. commissioner OFF_R OF $8000 APPROVED In the case of the War Finance Corporation vs. the Livestock and Agricultural Loan company of New Mexico: Judge Phillips signed an order authorizing Levi A. Hughes, receiver of the livestock loan company to accept $8,000 from M. U. Finley satisfaction of indebtedness of Mr. Finley DESTRUCTION OF LIQUORS Judge Neblett signed an order in of the bank. the matter of the destruction of liquors and materials used in the manufacture of liquors It requires the U. S. marshal immediately to prepare a motion and form of order for the destruction of liquors when they have been seized and may be destroyed. CONDEMNATION SUIT A final order approving report of commissioners in the case of the gov. ernment VS. the Pueblo of Taos et al. was signed by Judge Neblett in a land suit. MANDATE FROM SUPREME COURT A mandate was received from the U. S. Supreme Court in the case of T. M. Wing vs. C. C. Ozmont, receiver of the Bowman Bank & Trust entered in the district court October 24, 1924. in favor of Ozmont. The supreme court dismissed the writ of costs. CLOVIS BANK SUIT Suit was filed today in the U. S. district clerks office by James M. Porter as receiver of the First National Bank of Clovis VS. Daniel W. Dunn, and Homer A. Jacobs as receiver of the First National bank in Clovis, asking that a payment of $7.360 to Mr. Dunn be adjudged an 11legal preference and that the same be set aside, and that Mr Dunn be required to make restitiution of said money with interest. It. is charge that Mr Dunn as director of the First National. which suspended. knew was no longer safe to leave his money in it-a deposit of $8.909 -and that on January 7. 1924. seeing the bank's fàilure imminent Mr. Dunn drew check for $1,360 with the knowledge and consent of the officers It is charged that it. was the duty the officers and directors of the bank, including Director Dunn. 10 preserve all of the assets of the oank including the deposit of Mr. Dunn. but contrary to this duty the bank honored Mr. Dunn's check when presented. thereby preventing the amount from being ratably distrib uted among the bank' creditors Messrs. Hall and McGhee, of Clovis. are attorneys for plaintiff A similar suit is filed against C. Frank Doughton charging that he as director of this bank. took an unfair advantage and that he withdrew $3,286.50 of a deposit for 153.62 in the name of the Doughton Land Company, of which he was the sole owner is stated that there was run on ary 8. when the bank closed.
