The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-12-20
Lawyer Makes a Talk

I'd y = itfII - ave ~ JOG AtA Altt tthAAAiitA-
istering Of the law as regards to the
SchettIer bank"
Lawyer Makes a Talk
Chairman Grundfor was followed by
Attorney c.. ". Meyer representing a.
number Il depOsitoIs. Mr. Meyer said,
i'm part:
Il am satisfied THAI there are suf-
tCieut assets existing if they are only
lo0red up. 10 pay of every deposition
dollar for dollar Not only this but
the assets would be sufficient T. satisfy
ali incidental expenses.
II want 10 say right here that in any
statements / have made III regards 10
property being concealed which might
be listed as assets, / have I'm no way
sought to reflect upon Receiver Ander-
son. j have known Mr. Anderson
many years and believe he wiz dis
charge his duties with ability and re-
Eard to the best interests Of the credi-
tors.
However. l 90 say that Schettler
has been dishonest i'm the conduct of
his private bank I'm The Herald of
this morning ne practically admits. he
does admit. that he has been liable 20
the penal code for months past Ar
evidence of his dishonesty there is the
deciding OF his Brigham street property
last May over to his wife. Another evil
dcpce of his dishouesty-he took money
from trusting depOsitOIs 10 until al
most the last day"
Attorney Meyer was here interrupted
by shouts OF He took mine" and He
got this mans money and similar CN-
Dressions.
Mrs Title Switzerland related that
Schettler had taken as nOn-interest-
bearing deposit $3.50 on oct Is. six
days before the bank suspended bust
ness. Others told OF ha. ing placed
various sums in the bank prior to ten
days Of Oct. 10, when tae bank Waa
closed.
Continuing. 1Ir. Meyer advised
against tedious and expensive iitiEa-
zion. He urged the depositors TO ferret
out and set hold of al the legal assets
and then convert these into cash.
Things ought 10 bo wound up i'm
six months" he said Don't let
SChettIer name the day. He's had his
day"
And we've got to have ours" came
voice.
Kinney Charges Felony.
Attorney c. 5. Kinney. representing
other depOSitOTs. spoke briefly. He
objected TO permitting Banker Schet-
tier the run of the receivers office
where he was enabled 10 look over the
different books and papers. Mr.. Kin
ney told of visits 90 the Office when
he would find Schejtler alone. finger
ing over papers and stock and bank
books 10 which b. right he had no
access"
If I had my way" continued the
an. T-r.v.
n2pe Of the neck and The trousers and
lift him out Of the office door. While
we can't get him out this way, there
is way. Under section APP, revised
statutes of Utah. Schettler is un-
doubleday guilty of a felony The
penalty for his Offense would be inn
prisonment in the state penitentiary
for period of not to exceed FIVE
gears"
The section referred TO by Attorney
Kinney is as follows
Every officer, agent teller or clerk
OF any bank. and every individual
banker or agent. teller or clerk of amy
individual banker, who receives any
deposits. knowing that such bank or
banker is insolvent, is guilty of a
felony"
The section comes under the caption
VI -AStliA Vi AllAtlAtllA uclllA AetG-A liis-
deposits
The question of the proprlety Of per-
hitting Schettler an opportunity of
looking over the institutions books
was discussed at length by several of
those present. At this jupcture. some
one suggested to the chair that "as
Receiver Anderson is here, why not
let him tell us something Of the banks
aftairs?"
The announcement that Mr., Ander-
son was in attendance created con-
siderable interest. as few had observed
him come in. He was called upon by
the chair TO address the meeting, but
his son explained. felt that he should
decline owing to the position which
he held through court appointment
representative alike of the depOsitors
and of Sohettler Chairman Grundfor
explained that the meeting WAS an en-
Continued on Page ~