The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-04-12
ALL BUTTE IS REJOICING
Glad to See the Right Thing Done
at Last.
THE DAVIS CASE SETTLED
The Ownership OF the First National
Bank Fixed by the United States
Supreme Court Beyond Any
Additional Dispute.

There is rejoicing in Butte and Andy
Davis is rejoicing for one, and the
members of his family are rejoicing
and all his friends are rejoicing. But
the rejoicing goes farther than that. IL
includes the business men of the city
and the people OF the town generally
who are glad to see the right thing
done at last and Andy Davis get what
is his due. There is rejoicing I'm Butte
and not only Butte rejoices, for the
question of the ownership of the First
National bank is settled at last-set-
tied beyond any additional dispute or
any further appeal.
The news came i'm the form of a tel
egram yesterday to Judge w. w. Dix
on from Washington, ID. G. 1t stated
that the supreme court of the United
States has dismissed the writ of error i'm
the Davis bank stock case. the decision
being that no federal question is in
volved i'm the case. The decision gives
validity tn the previous decision Of the
Montana supreme court. awarding to
A. j. Davis $50 shares of the stock of
the First National bank of this city.
given to him by his uncle, the late mil
lionaire. Judge Davis. Ii is said that
Justice Harlan was inclined also to
affirm the judgment of the Montana
court, but the case did not come to him
in such a form as to warrant that. The
decision. however. settles the matter
beyond possibility of further contro-
versy.
When Judge Davis started the First
National bank of Butte 1t was capital
lied for $l00, 600. Before his death the
undivided profits were more than $780,
900. and the bank was valued at more
than 81 1000, 900 at the time of his death.
IL Inl -A- TA.-.- II.
into the bank with him. and IL was gen.
orally understood that he was to hav
his uncle's interest i'm the bank. In
fact, the old Judge often expressed him
self to that effect. He died intestate
and young Andy Davis claimed the
stock. The Montana heirs of the estate
considered the bank stock to be his
property. and j. II. Leyson, admins
traitor of the estate, after careful in
vestigation, said there was no doubt
than the stock belonged to Andy. But
some of the Eastern heirs OF the estate
kicked N accused Andy OF trying to
steal the bank" The litigation over
the. bank stock started and finally, in
December, 1895. the supreme court of
Montana decided in favor of Andy's
ownership. A writ of error from this
decision was yesterday denied at Wash
ington.
So the stock is really at last the prop
erty of the young banker who, i'm spite
OF his years, has already gained a
leading position among the ~6nanciers of
the country. is at the head of the bank
which ranks third i'm credit and stand
ing among the banks of the United
states and who. great as was the abil-
ity of Judge Davis. undoubtedly sur
passes his uncle as a banker and finan-
cier. The $50 shares of stock includes
all but 80 shares of the entire stock of
the bank. Under the able management
OF the young banker since the death of
Judge Davis the stock and undivided
profts now foot up a total of more than
s.. 600 600