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BANK RECEIVERS NAMED Special to The Tribune. Forsyth, Jan. 11.—Monday afternoon Judge George A. Horkan appointed Samuel Wilkinson of Carter, Chouteau county, receiver of the Farmers' and Merchants' State bank of Ryegate and the Farmers' State bank at Barber. Henry Thien of Ryegate was also appointed receiver of the State bank of Ryegate by Judge Horkan.
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Receiver Asks Court To Authorize Sales Of Assets of Banks ing will be held here, April 12, when Sam Wilkinson of the Farm- Regular Sunday Dinners ers Merchants State bank of Rye- Noon Luncheons gate and the Farmers State bank of Evening Dinners Barber, will be asked to show cause why the remaining assets of the two banks should not be at public auction. The hearing set on the petition of the receiver. Chocolate Croquettes, pound From the Farmers & Merchants State Opera Nut Chocolates, pound bank of Ryegate there would be sold notes totaling $78,490.65 together with Pure Sugar Taffy, pound claims, and equities Cream Nut Fudge, pound estate owned by the bank. the receiver announces. From the Farm-
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AUTHORIZES RECEIVER TO SELL BANK ASSETS AT PUBLIC AUCTION of Ryegate.-In the absence any protests Judge G. J. Jeffries has signed orders granting Sam Wilkinson, receiver of the Farmers & Merchants State bank of Ryegate and the Farmers State bank of Barber, authority to sell at public auction all of the remaining assets of the two banks now in the process of liquidation. Mr. Wilkinson has announced that the sales will be held on Thursday, May 6. Notes aggregating about $84,000, equities in real estate, the bank building at Barber, and numerous bank fixtures will be sold at that time. The receivership will be closed soon after the sales. *
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# SUPREME COURT From Cass County Glenn R. Corrington, for the use and benefit of all the creditors of the Farmers State Bank of Barber, Montana, Plaintiff and Appellant, -vs.- H. D. Crosby, et al, Defendants and Respondents. Syllabus: 1. A judgment or order of a District Court in Montana, declaring a banking corporation to be insolvent, and levying an assessment on the stockholders generally, in proceedings against such corporation for the appointment of a receiver, and for winding up its affairs, is conclusive on stockholders in this state, though they were not partice to said action nor served with process therein. 2. A creditor of an insolvent banking corporation, domiciled in Montana, may, on behalf of himself and all other creditors, institute and maintain, in this state, a suit against stockholders resident herein, to recover their added statutory liability without first having his claim reduced to judgment. Appeal from District Court of Cass County, sustaining demurrer to the complaint: Hon. A. T. Cole, Judge. REVERSED. Opinion of the Court by Cooley, District J., sitting in the place of Mr Chief Justice Christianson, disqualified. John G. Pfeffer, Fargo, North Dakota, Attorney for Plaintiffs and Appellant. Lawrence, Murphy & Nilles, Fargo, North Dakota, Attorneys for Defendants and Respondents.