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Eureka, Mont.-The Farmers and Mechanics bank closed its doors voluntarily here following run on the bank after word had been received of the arrest of Mosek, president, on n. state vagrancy charge in connection with narcotics possession. in Spokane. Officials of the bank said they closed the doors because of lack of cash to meet the withdrawals.
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Deputy Examiner Reports Finances Sound. Directors Draft Plans for Reorganization
Special to The Tribune. Eureka, Oct. 25.—Deputy Bank Examiner T. T. Taylor has completed an examination of the condition of the Farmers' and Merchants' State bank here, and directors credit him with the statement that he found conditions good, and considers the bank to be in a perfectly solvent condition, though many of its securities are slow and it will take some time to work them out.
At a meeting of the directors of the bank a committee for reorganization was selected, consisting of H. G. Pomeroy, James K. Lang, P. V. Klinke, J. H. Saling and Joseph Peltier.
Mr. Taylor, according to members of this committee, has stated that in order to reopen the bank it will be necessary for 80 per cent of the depositors to sign waivers agreeing to allow the accounts to remain there for a certain time. In order to reopen, some such plan must be used in order to preclude any run on the bank and maintain it on a stable foundation, he says.
It is understood that J. G. Masek, former president, will be connected with the bank in order to close some deals which are now pending, but that he will not be connected with it in any official capacity when it is reopened for business.
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Eureka Bank May be Reopened Soon; Finances Sound
Oct. Bank ExEureka, aminer Taylor has completed the condition of the Farmers' and Merchants State bank here, and directors credit him with the statement that he found conditions good, considers the bank be perfectly solvent condition, though many its securities are slow and will take some time to work them out. meeting of the directors of the bank committee for reorganization was selected, consisting of H. Pomeroy, James K. Lang, Klinke, Saling and Joseph Peltier.
Depositors Must Waive.
Mr. Taylor, according to members committee, has stated that order to reopen the bank will necessary for 80 per cent the positors to sign agreeing allow the there for certain time. In order to reopen, some such plan must be in order to preclude any the bank maintain on stable foundation, he says. understood that Masek, former president, will be connected with the bank in order close some deals which are now pending, but that he not be connected with in any official capacity when is opened for business.
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Eureka, Farmers and Mechanies bank closed Its doors untarily here following run on the bank after word had been received of the arrest Mosek president, on state vagrancy charge connection with narcotics possession in Spokane Officials of the bank said they closed the doors because of lack of cash to meet the withdrawals.
Click image to open full size in new tab
Mont.-The Farmers and Mechanics bank closed its doors voluntarily here following a run on the bank after word had been received of the arrest of Mosek, president, on a state vagrancy charge in connection with narcotics possession, in Spokane. Officials of the bank said they closed the doors because of lack of meet the withdrawals.
Click image to open full size in new tab
Eureka Bank May Be Reopened Soon; Finances Are Sound aminer T. Taylor has completed an examination of the condition of the Farmers' and Merchants' State bank here, and directors credit him with the statement that he found conditions good, and considers the bank to be in perfectly solvent condition, though many of its securities are slow and it will take some time to work them out. At meeting of the directors of the bank committee for re-organization was selected, consisting of H. G. Pomeroy, James K. Lang, P. V. Klinke, H. Saling and Joseph Peltier. Mr. Taylor, according to members of this stated that in order to re-open the bank it will be necessary for 80 per cent of the depositors to sign waivers agreeing to allow the accounts to remain open for certain time. In order to re-open, some such plan must be used in order to preclude any run on the bank and maintain it on stable foundation, he says.
It is understood that G. Masek, former president, will be connected with the bank in order to close some deals which are now pending, but that he will not connected with it in any official capacity when it is re-opened for business.
Click image to open full size in new tab
Eureka, Farmers and Mechanics bank closed its doors voluntarily here following on the bank after word had been received of the arrest of Mosek, president, on state vagrancy charge in nection with narcotics possession, in Spokane. Officials of the bank said they closed the doors because lack cash to meet the withdrawals.
Click image to open full size in new tab
Eureka, Farmers and Mechanics bank closed its doors untarily here following the bank after word had been received of the arrest Mosek, president, state vagrancy charge nection with narcotics possession, in Spokane. Officials of the bank said they closed the doors because of of cash to meet the withdrawals.
Click image to open full size in new tab
Eureka, Farmers Mechanics bank closed its doors untarily here following the bank after word had been received the arrest president, state vagrancy charge nection with narcotics Spokane. Officials of the bank said they closed the doors because of cash to meet the withdrawals.
Click image to open full size in new tab
Eureka, Farmers and Mechanics bank closed Its doors untarily here following on the bank after word had been received the arrest of Mosek, president, state vagrancy charge in nection with narcotics possession, Spokane. Officials of the bank said they closed the doors because of of cash meet the
Click image to open full size in new tab
Eureka, Farmers and Mechanics bank closed its doors here following the word had been received of the arrest of Mosek, president, state charge vagrancy nection with narcotics possession, Spokane. Officials of the bank said they closed the doors because of lack of cash to meet the withdrawals.
Click image to open full size in new tab
Farmers and Mechanics bank closed its doors volunterlly here following run on the bank after word had been received of the arrest of Mosek, president, state vagrancy charge In con nection with narcotics possession, In Spokane Officials of the bank said they because of lack of cash meet the withdrawals.
Click image to open full size in new tab
Eureka, Mont.-The Farmers and Mechanics bank closed its doors voluntarily here following a run on the bank after word had been received of the arrest of J. J. Mosek, president, on a state vagrancy charge in connection with narcotics possession, in Spokane. Officials of the bank said they closed the doors because of lack of cash to meet the withdrawals.
Click image to open full size in new tab
Mont.-The Farmers and Mechanics bank closed its doors voluntarily here following a run on the bank after word had been received of the arrest of J. J. Mosek, president, on a state vagrancy charge in connection with nareotics possession. in Spokane. Officials of the bank said they closed the doors because of lack of cash to meet the withdrawals.
Click image to open full size in new tab
Eureka, Farmers and Mechanics bank closed its doors voluntarily here following the bank after word had been received of the arrest of Mosek, president, state vagrancy charge nection with narcotics possession, in they closed the doors because lack of cash to meet the withdrawals.
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At a special session of the district court at Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about a month ago. Mr. Wolf is publisher of the Eureka Journal.
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At a special session of the district court at Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, for the Farmers and Merchants State bank at Eureka, which closed its doors about a month ago. Mr. Wolf is publisher of the Eureka Journal.
Click image to open full size in new tab
At a special session of the district court at Libby, Judge C. W Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about a month ago. Mr. Wolf is publisher of the Eureka Journal.
Click image to open full size in new tab
At a special session of the district court at Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about month ago. Mr. Wolf is publisher of the Eureka Journal.
Click image to open full size in new tab
At special session of the district court Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about a month ago. Mr. Wolf is publisher of the Eureka Journal.
Click image to open full size in new tab
At a special session of the district court at Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about month ago. Mr. Wolf is publisher of the Eureka Journal.
Click image to open full size in new tab
At special session of the district court at Libby, Judge C. W. Pomeroy appointed Oscar F. Wolf, receiver for the Farmers and Merchants State bank at Eureka, which closed its doors about a month ago. Mr. Wolf is publisher of the Eureka Journal.