The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-06-30
Tie RaceiYerShin.


The report of the receiver, filed yeSter
day afternoon, is as follows:
In the Supreme Court of Utah Territory
The United States of America, plaintiff
VS.. the late Corporation of the Church
of Jesus Christ of Latter-Gay Saints e.
al, defendants.
To the Honorable Supreme Court:
The order appointing me receiver of the
| Church of Jesus Christ of Latter Gay
Saints provides, among other things, thai
! shall report to the court at least once {
month, all of my doings as such receiver
etc. I have at the beginning Of each and
every month Submitted full and complete
report af all my dOinGS III compliance with
! that order so that all the information
asked in the order made on the 22d inst, is
before this honorable court, except the
whereabouts of the deposits.
In complying with said order of June %,
| 1889, | submit herewith d detailed state
ment showing 1.-The respective sums Of
money received" by me las such receiver
1.-The names Of the respective parties
| from whom it was received" the time
! each amount was received and what It
was received for. The money has been IN
my care cOntinCouSly-nO person having
had one dollar of it for any purpose what
ever, except that it has been deposited at
three banks in this city-that of Messrs.
Mccormick & Co., MessrS. Wells, Fargo &
Co. and the Deseret Nationals shown
| by my report to this court of June l, 1889,
neither OF which paid Or agreed TO pay
for the use thereof, or any part of it:'
my information being that no bank viii
pay interest upon uncertain deposits and
there has been no time prior to the thir-
teenth day of May, 1SS9--the date of the
adjournment of the United States supreme
court-that could assure my banker that
said money could remain with him for
even period of sixty days; and as soon
after, May l3, 1889, as was possible, came
to this court asking for I'D ice and direc-
ton as to what disposition was to be
made of this said money. ! will state
further, that have not LOANED, invested,
or used said money, or any part of it, The
several sums were deposited in the banks
at the times they were respectively re
ceived, and have remained there ever since
except such disbursements Us are shown
by the account.
It is nearly or quite impossible to make 4
suitable loan Of such sum of money as
this in the market. There is no demand
for 'call loans" in this city. Loans can
only be made for a definite time and in
sums comparatively small. To negotiate
the whole of this sum, on personal security,
it WOnld be necessary to substantially en-
gage in d banking business. The banks
themselves refuse to pay interest on de
posts. | have made inquiries at the banks
to see if | could obtain interest, and have
been informed that they would not pay any.
My credits at the banks have been eX-
actly for the amounts which l have de
posted with them.
The only thing ever done which at all
approached anything like a loan, was
transaction with John 4. EVinder in the
summer of 1888, at the time of the general
settlement of turning over. He, the said
Winder, informed me that they did not
have the cash to settle with. the same being
the settlement authorized by the court on
the ninth day of July, 1888. and accepted
temporarily in lieu thereof, certain note
of Woodruff, Eldredge, Sharp, Dinwoodey,
Grant and others for Sl51, 66615, which
was perfectly good for the amount, which
was paid October l, 1888. and upon which |
collected s., 2336 interest, as shown in
my report for the month of October, 1888.
Should the court wish that some definite
steps be taken to attempt to loan this
money or any part of it, l should be very
glad to make the effort; but l must re
specially request that the court win de-
termine the security to be taken, the terms
and times of loans to be made, and assume
the responsibility thereof in case the money
should be needed and required to be pro
duced when the decision of the supreme
court of the United States shall be rem
dered in the pending suit.
FRANK H DYER,
Of the Church of Jesus Christ of
Latter-day Saints.
This is sworn to before VIM. j. Clarke
clerk of the supreme court.
Accompanying this is a detailed state
ment of the receipts, showing that the re
eeiVer has received in notes, rents, diVi-
1ands, personal property to the amount of
-, 0O5.3f. The statement of disburse-
nents is also rendered. 4 summary shows
by order Of court in salaries,
For the investigation of charges against
Current expenses for past seven months 1,243.95
Rebate on lease Of Church farm 67.jO
Total disbursed ACKNOWLEDGEMENTS $50. 456 10
Balance on hand June %, 1889, S251, 549.71. |
Of this there is deposited with Mccormick
& Co, SlI4,603G5; Wells, Fargo & Co, /
80 11A0S; Deseret National Bank, |
81. 1872 S.
The court ordered that the receiver ask
Tor bids for interest for four months on the
funds in his hands from the banks, and /
inquire if the receivers bOndsmen would /
consent to the procedure. He is to report
MS action on Saturday, July 9th, at pm. |
Mr.. Dyer also submitted the following to !
he court:
m the Supreme Court Of the Territory of Utah:
The United States of America plaintiff,
IS. The late Corporation of the Church OF |
Jesus Christ Of Latter-Say Saints ct ell, |
defendants.
TO the Hon orable Supreme Court:
As receiver of the property of the de-
endant in the above entitled action, l wish |
% have the order and direction of the court !
'elative to the leasing of the sheep in my
lands as receiver. L have $4,000 sheep, !
which have been for the past year leased
o w. L. Pickard, J. ]. Freeman and 9TH
RS; the payments on account of said leases
ire now about due. The lessees retain
possession and take care of said sheep to
he first day of September; but usual time
or leasing sheep is earlier in the year, and
should be in July. These sheep should be
eased before the time arrives at which l
IN to resume the possession of them, so
hat the lessee will be ready to take posses
iion when the former lessee gives them up.
suggest, and, unless otherwise or
Tered by the court, shall so offer,
hat advertisement be made 10 lease these
sheep at a cash rental to the highest re
iponsible bidder, the person taking the
sheep TO give bonds with sureties satisfac-
,ory to me, and in penalties sufficient to Sc
cure the performance of said bond that such