The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-12-20
.SCHETTLER AND
WIVES ARE SUED
Are Made Defendants by Re-
CeiVer R. R. Anderson.
DEPOsITORS HOLD MEETING.
LEARN OF $4,000 ACTION FILED
IN COURT.
/ N-THREE suits filed yesterday in
the mini distr ,.nl1rt T.nhnrt !,

;. II. Schettler being a cO-defeudunt
With one Of his three wives i'm each
'aoe. Receiver Anderson's action is in
inc with the wishes of the majority
# the deI1sitors, who are DESTROYS of
the legality of the three
leeds concerned
Receiver Anderson desires to recover
these properties and have them listed
ash aSSts. provided the court shah so
decide The complaints ask that the
deeds be declared void.
Mr.. Anderson made the above an
louncemeut i'm brief statement at
the meeting of depOsitors held fast
night ian room -. Hooper EIdredgc
block. ~ Main street. The receivers
assurance that ne had taken steps 10
have the court determine whether or
C. the properties may be listed as as
sets of the Schettier bank was well
coined with considerable warmth by
those present
Over Fifty at Meeting.
The meeting of creditors was called
10 order shortly after 8 o'clock by
Chairman Andrew GruUdfor. J. r.
o. BIien acted as secretary. Mr.. CiruUd-
to the fifty or more depositors present
In which he outlined a series of qucs-
tons which he, as a depGsitor, wanted
TO have investigated and answered.
81 want 90 know the cause Of failure,
something more and beyond the fact
that il was the result of continued in
declared the speaker.
Il also want To find qut all T can
about the assets OF the Bank. So far
as have seen. these figures have
been furnished O. the public only 10y
The Herald. The proper course to be
pursued in order 10 wind M the af-
fairs of TIE bank is not just clear a.
me We are NOT here. of course I'm a
spirit Of revenge. We are simply here
10 get all We can on the dollar. What
about the daily expenses 1t seems "a
me that it might be wise TO have SONS
of these matters looked after more
carefully.
The question as to the extent tC
which the state officials are T. blame is
one Of interest to us. There seems Z,
have been grave errors ian the admin
istering OF the law as regards TO the
Schettler bank"
Lawyer Makes a Talk.
Chairman Gruudfor was followed by
Attorney G.. W. Meyer, representing
number # depOsitofs. Nh Meyer said
in part:
II am satisfied that there are suf
-ficieut assets existing. If they are oull
lOO6ed mp, 10 pay of every deposition
dollar for dollar. Not only this bu
the assets would be sufficient d satisfy
ali incidental expenses.
Il want TO say right here that in an!
statements l have made ir regards q
property being concealed which Nigh
be listed as assets, / have i'm no wa,
sought to reflect upon Receiver Ander
son / have known Air- Andersen
many years and believe he wiz dis
charge his duties with ability and re
Eard to the best interests Of the credi
tors.
However. 90 say that SChettle
has been dishonest in the conduct o
his private bank In The Herald o.
this morning ne practically admits d,
does admit that he has been liable ID
the penal code for months past. Az
evidence of his dishonesty there is Thu
deciding Of his Brigham street property
last May over to his wife. Another eVi
dcpce of his dishonesty-he took money
from trusting depositors 10 until al
most the last day.
Attorney Meyer WAS here interrupted
BY shouts OF He TOOK mine oUd H'
got this mans money and similar cN
DressionS.
Mrs. Tiliie Sutherland related tina
Schettler had taken as non-interest
bearing deposit $3.50 on oct Is, sil
DAYS before the bank suspended bust
ness Others told of ha- ing placed
various sums i'm the bank prior 10 tel
days Of Oct. -, when the bank wa,
closed.
Continuing, Mr.. Meyer advised
against tedious and expensive litiEa
tion. He urged the depositors to ferre
out and set hold of al Ire legal assets
and then convert these into cash.
Things ought % be- wound up II
six months" he said. Don't le
SChettler name the day. He's had hi
day"
And we've got to have ours. cam
d voice.
Kinney Charges Felony.
Attorney G. :. Kinney. representa-.
other depositors spoke briefly I'll,
objected to permitting Banker Schet
where he was enabled 10 look over tn,
different books and papens. Mr.. Kin
ney told of visits TO the Office Whel
he would find Schettler alone. finger
ing over papers and stock and bauG
books TO which by right he had u,
access"
If f had my way" continued tn,
speaker, I'D take Mr.. Schettler by tn
nape of the neck and tho trousers an,
lift him out of the office door. Will,
we can't get him out this way. thert
rs way. Under section 4.4l2,- revised
statutes of Utah. Schettler is un
dOubtedly guilty of a felony. Thi
penalty for his offense would be i'm
prisonment in the state penitentiar,
for a period of not to exceed ny,
years.
The section referred to by Attorne,
Kinney is as follows;
Every officer, agent. teller. or clerl
of any bank. and every individual
banker. or agent. teller or clerk of AN,
individual banker, who receives an,
deposits. knowing that such bank o
banker is msolvent, is guilty of
felony"
The section comes under the captioi
Of Agent of insOlvent bank receivin,
deposits.
The question of the propriety Of per
hitting Schettler an opportunity o
looking over the institutions book
was discussed at length by several O
those present. At this juncture. som
one suggested 10 the chair that "a
Receiver Anderson is here. why no
let him tell us something of the bank
affairs -
The announcement that Mr.. Ander
son was in attendance created con
siderable interest, as few had observe
him come i'm. He was called upon b
the chair to address the meeting. bu
his son explained. felt that he Shout
decline owing to the position whie
he held through court appointments
representative alike Of the depositor
and OF Schettler Chairman Grundfo
explained that the meeting was an EN-
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