Citizens State Bank (Antelope, MT)

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MANY PEOPLE ENTANGLED BY FAILURE After Being In An Insolvent Condition for Over Two Years State Banking Department Finally Orders Institution Closed. Wednesday afternoon of last week the. Citizens State Bank of Antelope KJELSTRUP'S BABY finally gasped and flikkered out after being on the very verge of death for the past two years. DIED THURSDAY The fact that the Citizens State Bank of Antelope has been allowed to operate as long as it has is due te Of Complications of Measles the criminal policy pursued by the and Scarlet Fever-Private Montana State Banking Department under the management of Bank ExFuneral Sunday. aminer Skelton who is at present under indictment on a felony charge The beautiful little baby daughter in connection with the looting of the of three years, one of the twins of Mentana Banking Corporation of Mr. and Mrs. Ed. Kjelstrup, passed which he is a director and which office into the great beyond. Thursday evhe is allowed to hold by Gov. Dixon ening, about 7:30 after a lingering in spite of the fact that he has been illness of a couple of weeks, the reaccused of a felonious crime against sult of a complication of measles and the depositors and stockholders of scarlet fever. The little girl was the above Helena institution. born February 7th, 1921. Thursday The Citizens State Bank of Anteafternoon it became apparent that lope has been allowed to stay open the tot's life was commencing to ebb, and operate in brazen violation of when the parents sent for Dr. Jones of Williston and Frank Fishbeck made every banking law an the statutes of the State of Montana. The institua record drive to Culbertson and back tion has not had the required reserve in two hours and a half but the docfor over two years and it was actualtor was too late, and the little soul ly bled dry. A number of Antelope slipped away a couple hours after citizens are the losers because of this night fall. policy of the State Banking DepartThe funeral which will be private ment, many farmers and business will be held at the Kjelstrup home men having deposited the returns Sunday and interment will be made from this fall's crap and business, at the Lutheran cemetery. which they were unable to afterwards to get out of that bank. Officers of the State Banking Department arrived in Antelope ThursSID BENNETT AND day and took over the bank pending the appointment of a receiver. Sheridan county had in this bank, BILL STEVENS BUYS when it closed. which it has been unable to get out of it, the sum of DANIELS CO. LEADER $22,000, entirely covered by surety bonds. The county treasurer has been trying to reduce the county dePlace Burley Bowler, Former Editor posits in this bank since early in 1921 when this bank became insolvof the Scobey Sentinel in Charge of Same. ent and commenced the policy of refusing to pay the County Drafts and The deal was closed Monday at early in 1921 protests were filed with Scobey whereby Bill Stevens and the State Banking Deparment by Sid Bennett became the owner of the County Treasurer Olson regarding its Daniels County Leader, buying the condition, but the county treasurer same from Joe Dolin, who founded was never able to get any cooperathat paper about two years ago. It tion from the State Banking Department which allowed that bank to take is reported that several others are interested in this paper with Messrs. the money of innocent depositors in Stevens and Bennett. The new prospite of the fact that those officers well knew that this institution was prietors of the paper will run the same as a stand pat republican pubhopelessly insolvent. lication and with the aid of Burley Many farmers and business men are Bowler, whom they have hired for edibadly involved because of the Antetor of the paper. they will try to lope banking situation. come back politically in Daniels counThere is no talk about reorganizaty. It is reported that there will be tion and reopening in reference to a complete Stevens-Bennett republithis bank. A receiver will probably can ticket in the field for the coming be appointed shortly by Judge Comer. election in the above county.

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F. D. MORCK, as Receiver of THE CITIZENS STATE BANK OF ANTELOPE, MONTANA, a corporation, Plaintiff,

vs.

CARL E. LINDQUIST and EMMA LINDQUIST, his wife; and JOHN GRAYSON and RICHARD GRAYSON, co-partners, trading and doing business under the firm name and style of GRAYSON BROTHERS, Defendants.

### TO BE SOLD AT SHERIFF'S SALE

on the 17th day of January A. D. 1924, at the hour of two o'clock P. M. of said day, at the front door of the County Court House, at Plentywood, in Sheridan County, Montana, the following described real propery, to-wit:

The West Half (W½) of the Southeast Quarter (SE¼) and Southwest Quarter (SW¼), all in Section Eight (8), and North Half (N½) of the Southeast Quarter (SE¼) of Section Seven (7), Township Thirty-four (34), North of Range Fifty-seven (57), East of the Montana Meridian, containing 320 acres, more or less, according to the Government survey thereof, together with all the tenements, hereditaments and appurtenances thereunto belonging, or in any wise appertaining.

Dated this 26th day of December, A. D. 1924.

RODNEY SALISBURY, Sheriff

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F. D. MORCK, as Receiver of THE CITIZENS STATE BANK OF AN- TELOPE, MONTANA, a corpora- tion, Plaintiff,

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F. D. MORCK, as Receiver of THE CITIZENS STATE BANK OF AN- TELOPE, MONTANA, a corpora- tion, Plaintiff,

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F. D. MORCK, as Receiver of THE CITIZENS STATE BANK OF AN- TELOPE, MONTANA, a corpora- tion, Plaintiff,

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c date at the rate of 2½ per 423.75 cent per annum 7,594.28 Certificate of deposit No. 2805, issued by Sheridan County State Bank June 7, 1922, in favor of E. H. E. 7,635.08 Helgeson, as trustee Interest on said Certificate of Deposit from June 7, 1922 up to February 3, 1925 at the rate of 5 per cent per annum (Rex Mo1,014.82 vius refund) Total amount of C D. wi 8,649.90 interest to date Total amount of the claims of Sheridan county against Sheridan County State 16,244.18 Bank, Feb. 3, 1925 As an offset against the above claim he following credits have been entered: Sheridan county school districts and town of Plentywood warrants and Liberty 12,013.43 Bond held as security Interest accrued on war3,141.09 rants Interest accrued an Liberty 42.50 Bond ($500.00) Total amoun of credits as 15,197.02 offsets Balance due and owing to Sheridan county by Sheridan County State Bank, 1,047.16 February 3, 1925 Pursuant with your instruction claims shall be filed with O. S. Gullickson, receiver, for the balance due, in the sum of $1,047.16. Plentywood, Sheridan county, Montana, his 4th day of February 1925. J. C. Gronvold, County treasurer, By Eng. Torstenson, Deputy Tresurer. 0 At 12 o'clock M the board recessed until 1:30 o'clock p. m. t At 1:30 o'clock p. m., February 4, 0 1925, the board met pursuant to recess taken. e On motion, the county surveyor was g instructed to call for bids on two carloads ial. of lumber and bridge materd S On motion, at 2 o'clock p. m. the di board adjourned the meeting until n February 18th, 1925 at 2 o'clock p. m. Edward Iverson, di Chairman of the board Niels Madsen, Clerk nt At 2 o'clock p. m. February 18. ed 1925 the board met pursuant to ad journment at regular meeting, February 2, 1925. on t. Edward Iverson, Frank French and the Clerk present. The appointment of Beryl Pierce 45 as clerk and Nora Thompson as typist proved. in the assessor's office was ap92 The report of Special Seed Grain Collector J. F. Murray was accepted and the Clerk was instructed to write 0 parties who had promised to pay Mr. Arthur LeSeuer apeared before the board and explained about settle ment with the closed banks of Ante lope, Montana, and after thorough consideration the following resolution was passed and adopted: 09 RESOLUTION WHEREAS, an action has been be gun by the county of Sheridan a plaintiff, against the American Sure ty Company of New York, a corpora 51 tion, as defendant, and said action being now pending in the Twentiet Judicial District of the state of Mon tana, in the coun y of Sheridan, an 60 WHEREAS, an action has been be gun by the County of Sheridan a plaintiff, against the Fidelity & De posit Company of Maryland, a cor 88 poration, as defendant, and said a tion being now pending in the distric court of he United States for th district of Montana, and WHEREAS, an action has been be gun by the County of Sheridan a 96 plaintiff, against the National Suret Company, a corporation, as defend ant, and is now pending in the di .88 tict cour of the United States fo the district of Montana, and WHEREAS, the said county 0 Sheridan has a claim for unpaid de 88 posits against the Citizens Stat Bank of Antelope, Montana, a 001 91 poration, and there being a seriou question as to the liability upon sai 76 claim against the Citizens State Ban of Antelope, aforesaid, concerning th sum of $7,000.00 which it is claime .04 by said Citizens State Bank wa tansferred as a Sheridan Count de posit from the First National Ban 9.88 of Antelope to the Citizens Stat ED, Bank aforesaid, and the said full sur of said claim being $20

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SHERIDAN COUNTY STATE BANK, a coporation, acting by and through O. S. GULLICKSON, Receiver of said bank, Plaintiff,

vs.

JACOB RONNING, JOHN W. SHELBY, THE FIRST NATIONAL BANK OF ANTELOPE, MONTANA, a coporation, CITIZENS STATE BANK OF ANTELOPE, MONTANA, a corporation, F. D. MORCK, Receiver of Citizens State Bank of Antelope, Montana, RICHARD GRAYSON, EDITH S. DAY and D. D. DAY, her husband, ST. ANTHONY & DAKOTA ELEVATOR COMPANY, a corporation, T. L. BEISEKER and E. W. PALUTZKE, Defendants.

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Elizabeth Bonny, Plaintiff, Versus

Glenn Smith, a single man; The Citizens State Bank, Antelope, a corporation; F. D. Morck, as receiver of The Citizens State Bank, a corporation, Defendants.

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LEGAL NOTICES

NOTICE OF SALE

IN THE DISTRICT COURT OF THE TWENTIETH JUDICIAL DISTRICT OF THE STATE OF MON- TANA, IN AND FOR THE COUNTY OF SHERIDAN.

The FEDERAL LAND BANK of Spokane, a corporation, Plaintiff, -versus- RICHARD GRAYSON and EMMA J. GRAYSON, husband and wife, and JOHN GRAYSON and ELIZA A. GRAYSON, husband and wife; ANTELOPE NATIONAL FARM LOAN ASSOCIATION, a corpora- tion; The ST. ANTHONY & DA- KOTA ELEVATOR CO., a corpora- tion; THE CITIZENS STATE BANK of ANTELOPE, Montana, a corporation, and FRED IBSEN as Receiver of the Citizens State Bank of Antelope, Montana, a corpora- tion FIRST NATIONAL BANK of PLENTYWOOD, Montana, a cor- poration; E. O. TEIGEN, OLAF

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No. 5243. J. B. Colt Co., attorney T. W. Greer vs. C. F. McNulty, attorney, Paul Babcock, No. 5122. J. B. Colt Co., attorneys, Lewis & Wagner, vs. Bert Herron and Mrs. Alice Herron, attorney A. C. Erickson. No. 5353. Helena Retail Merchants Exchange, attorneys James G. Wagner, vs. Cora B. Hill, attorney Paul Babcock.

December 14, 1927, at 9:30 A. M. No. 5367. W. H. Endersby, attorney Babcock, vs. E. E. Thompson, attorney J. J. Gunther. No. 5379. W. E. Endersby, attorney Paul Babcock, vs. E. E. Thompson, attorney, J. J. Gunther.

December 15, 1927, at 9:30 A. M. No. 5299. E. T. Peterson, attorney T. W. Greer, vs. L. J. Moe, attorney H. M. Lewis. No. 5290. Farmers & Merchants Bank of New Ulm, Minn., attorney, Paul Babcock, vs. Chas. G. Becklund attorney, H. M. Lewis. No. 5381. Earl R. Briggs, attorney, J. J. Gunther, vs. Emma Savage, attorney, Howard M. Lewis.

December 16, 1927, at 9:30 a. m. No. 5141. W. T. Raleigh & Co., attorneys Lewis & Wagner, vs. Melvin H. McKenzie et al, attorney, Grant Bakewell for C. W. Paulson and Clifton McKenzie.

December 19, 1927 at 10::30 A. M. No. 5314. Alice M. Davis, attorney, Al Hansen, vs. Fred Ibsen, as Receiver of Citizens State Bank of Antelope, attorney Howard M. Lewis No. 5248. John W. Shelby, attorney T. W. Greer, vs. Edward E. Hannah et al, attorney, Paul Babcock. No. 5359. In the Matters of the Connelly Machinery Co., attorneys T. W. Greer and Harlow Pease, vs. Sheridan County, attorneys A. C. Erickson and Paul Babcock. No. 5360. In the matter of the Connelly Machinery Co., attorneys, T. W. Greer and Harlow Pease, vs. Sheridan County, attorneys, Paul Babcock and A. C. Erickson.

December 20, 1927 at 9:30 A. M. No. 4960. Bessie Honey, attorneys Lewis and Wagner, vs. Scho

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NOTICE IS HEREBY GIVEN

NOTICE IS HEREBY GIVEN, that the undersigned, Receiver of the above-named insolvent bank, will sell at private sale at any time prior to the 27th day of January, 1928, and thereafter and on the 27th day of January, 1928, at the hour of two (2) o'clock P. M. of said day, at the Citizens State Bank building at Antelope, Montana, will sell the remaining assets of said bank at public auction, of whatsoever nature, collectively or separately, for the best cash price obtainable, and subject to the confirmation of the above-named Court.

The real estate to be sold is described as follows, to-wit: Lot 6 of Block 4, Antelope original townsite.

The personal property to be sold consists of bills and notes receivable, stockholders' liabilities and furniture and fixtures, a list of which is on file in the above-entitled Court, and also with the undersigned Receiver. Dated this 16th day of January, 1928.

FRED IBSEN, Receiver.

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NOTICE IS HEREBY GIVEN, that the undersigned, Receiver of the above-named insolvent bank, will sell at private sale at any time prior to the 27th day of January, 1928, and thereafter and on the 27th day of January, 1928, at the hour of two (2) o'clock P. M. of said day, at the Citizens State Bank building at An- telope, Montana, will sell the remain- ing assets of said bank at public auc- tion, of whatsoever nature, collective- ly or separately, for the best cash price obtainable, and subject to the confirmation of the above-named Court.

The real estate to be sold is de- scribed as follows, to-wit: Lot 6 of Block 4, Antelope original townsite.

The personal property to be sold consists of bills and notes receivable, stockholders' liabilities and furniture and fixtures, a list of which is on file in the above-entitled Court, and also with the undersigned Receiver. Dated this 16th day of January, 1928.

FRED IBSEN, Receiver.