First National Bank (Newman, CA)

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Bank Receiver Asks Compromise

(By The Associated Press)

SAN FRANCISCO, Jan. 19.—Henry P. Hillyard, receiver for the defunct First National bank of Newman, Cal., petitioned the United States district court today for an order permitting him to enter into a compromise with certain contesting depositors for $25,000. Claims of depositors and others against the bank total $223,000.

Hillyard explained to the court that it was the only chance for the depositors to realize anything as a result of the closing of the bank. Forged checks and notes and bad securities, he said, caused the failure of the institution.

William J. Burris, president of the bank at the time of the failure, is serving a seven-year sentence in San Quentin prison, after having been found guilty in Sacramento of falsifying the bank's accounts. He was sentenced in April, 1921.

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Bank Receiver Sues—Henry P

Hilliard, receiver of the First National Bank of Newman, today started suits in the superior court against Phil Ghiorzo to collect $5531 on a $5600 note and against Jos. Avila, Jr., for $513 on a note for $545.

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Bank Receiver Sues—Henry P

Hilliard, receiver of the First National Bank of Newman, today started suits in the superior court against Phil Ghiorzo to collect $5531 on a $5600 note and against Jos. Avila, Jr., for $513 on a note for $545.

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BANK RECEIVER SUES ON NOTES

MERCED, July 19.—Henry Hilliard, as receiver for the defunct First National Bank of Newman, has begun action in the superior court here against Fred J. Sutton to foreclose a mortgage held by the bank on land owned by the defendant in Stevinson colony for $550. In his same capacity he has filed suit against J. Bruce and Mae Bruce for the collection of a promissory note alleged due the bank.

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BANK RECEIVER GIVEN JUDGMENT BY DEFAULT

Clerk Issues Order Allowing Hilliard $7,126.55 Decision Against Ghiorzo

Henry P. Hilliard, receiver of the First National Bank of Newman was given a clerk's default judgment for $7,126.55 against Phil Ghiorzo yesterday afternoon by Deputy County Clerk M. V. Wilson. The sum includes the principal and interest alleged due on a promissory note and court costs contracted in filing the action.

Attorneys Whitehurst and Logan of Newman appeared during the action in behalf of the plaintiff.

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BANK RECEIVER SUES ON PROMISSORY NOTES

Suits to collect various sums due on five promissory notes given the defunct First National Bank of Newman, were filed in the superior court today by Henry P. Hilliard, receiver, against Manuel E. Freitas, J. R. Lawrence, Jr., and Pat Covello. The complaint against Freitas seeks $1976 on two notes, $2046 on two notes from Lawrence and $1013 on a $2305 note signed by Covello in December, 1919.

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NEWMAN BANK RECEIVER PAYS

Last Dividend Is Made To-day To Depositors Of Old Institution

NEWMAN (Stanislaus Co.), July 25.—Creditors of the First National Bank of Newman, which failed in 1920 with a responsibility of $500,000 are to-day being paid a final dividend of 4½ per cent at the Mercantile Trust Company office, Henry P. Hilliard, receiver, announced. With this dividend, depositors will have obtained approximately $247,500 or about 49½ per cent of their claims. Nearly 20,000 accounts were involved.

Following the closing of the bank doors in January, 1920, William J. Burris, president, and Frank P. Gomez, cashier, were convicted in connection with the failure of the bank and were sentenced to serve prison terms.

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Bank Receiver Is Again in Newman

NEWMAN, Sept. 26.—Henry P. Hilliard, receiver of the defunct First National Bank, who has been absent for a number of days, has returned to Newman and will be in his office Saturday to transact business in connection with his receivership. The affairs of the bank are now being closed up.

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Bank Receiver Will Return To Newman

NEWMAN, Sept. 26.—Henry P. Hilliard, receiver of the defunct First National bank, who has been absent for a number of days, has returned to Newman and will be in his office Saturday to transact business in connection with his receivership. The affairs of the bank are now being closed up.

DELHI SCHOOL OPENS

DELHI, Sept. 26.—Enrollment at the Delhi grammar school reached a total of 144 after the opening of the institution Monday, this total exceeding attendance of former years. New desks have been ordered to accommodate the extra attendance.

The Madison school at the Ballico townsite also opened Monday with an attendance of 90. A Parent Teacher association is to be organized at Ballico in the near future.