Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-12-20
.DEPOSIT0RS MEET
TO PLAN FOR SUIT
viii Probably Decide on Action
Against B. Il. SchettIer at
Meeting Tonight.
RECEIVER AFTER The LAND.
Yesterday Filed Suits to Recover the
Homes Of Schettler's Wives as
Bank Assets.

Last night at room % Of the Hooper
Eldredge block, about fifty creditors Of
the b, H. schetuer private bank as
sembled to Informally discuss and IL
possible to secure light upon the banks
recent failure forced by action Of the
secretary Of state Tonight another
meeting VIII be held at the same place
to take further action,
Earlier in the day, to forestal any
suit which might secure the property
to the benefit Of any portion Of the
creditors to the exclusion Of the others,
Receiver Robert r. Anderson filed suit
10 recover as bank assets the three
pieces of property decided by Schetter
TO his three wives. I'm his complaint
Receiver Anderson alleges that 1t was
the general belief that schettler owned
these pieces OF property, that maintained
faith In the bank, and kept It's deposits
coming in and that through allowing
the transfers to his wives TO go un-
recorded Schettler was enabled to con-
tlnue I'm business and receive credit
At the meeting Of creditors last night
Receiver Anderson was present and at
the request Of the chairman explained
the nature of the suits fled He stat
ed, first In answer to complaint that
Schettler seemed to have control IN
the receivers office, that all assets and
valuable papers were locked up In safe
deposit vaults, and that Schettler had
no access to them
Then turning to the subject Of the
suits, he explained that he had filed
three OF them, one against each wife
with schettler as a co-defendant In
each case.
PROPERTY VALUED AT $4,000.
The valae Of the property sought to
be recovered Is $4,000, and consists Of
the three homes ON which the wives are
living. The most desirable piece Of
property Is that located at east South
Temple and c streets, and Is valued at
$4,000, the suit for recovery being filed
against Mary Morgan Schetler and b.
II. Schettler.
The second suit is filed against Eliz-
abeth Parry Schettler and B/H, Schett-
Ter to recover lot Of fifty sQuara rods
on Fourth street, between A aud Il
hIIhIlHs II ~ NhlNAh NA NhNhN F'fN"Nt
the deed to Mary Schettler being dated
June II, 1904,
The last suit is that against Agatha
Peters Schettler for recovery of a lot
situated on a street between Fourth
and Fifth streets, the deed for which
was not placed on record till July 10,
1904. although the transfer was made
shortly after the purchase Of the prop
erty from d. H. Wells In 1872,
PURPOSE or MEETING.
The meeting at which the filing of
these suits was announced by Receiver
n. X. Anderson was presided over by
Andrew Grunfor while j, +. OBrien
acted ag secretary. In calling the
meeting to order Chairman Grunfor
stated that the purpose Of the meet
ing was not TO act IN revenge, but to
investigate conditions until 1t became
apparent lust how things stood ana to
secure the largest possible percentage
of payment on deposits in the bank
Among the questions he thought
ought to be cleared up is the charge
AGAINST Schettler that he has hidden
oesets the charge that the bank con-
tinued to receive deposits until the very
doy Il was closed IN insolvency. the
charge that IN overdrawing his per,
sonaI account Schettler had rendered
himself liable to prosecution for a fell
onv and finally the charge that the
state officials have been negligent m
their duty by allowing the bank 10
continue so long
Following MIR Grinfor Atty. Meyer
talked against Schettler, IN a speech
which did not spare him. Inc pahkeh
he accused OF dishonesty on seNefal
counts, one being the fact that ne over
drew his personal account without BN-
ing security, another that he deedeu tile
Brigham street property to ms Wiie'
and another that he continued TO tahe
money right up to the last minute
GRAVE INs1NUATGoNs.
Atty C. s. Kinney followed with an
other speech IN which criminality was
ALLEGED lie stated that he had several
fines called nc Receiver Anderson's
oflce and found Schettler there alone,
going over his papers, which he had
no legal right TO do. Kinney was fur
ther of the opinion that Schettler had
committed felony under section Ail3
OF the statutes prohibiting officers OF
bank to receive money knowing the
hank 10 be insolvent
At the conclusion Of the discussion a
general call for another meeting was
issued for tonight az room % Hooper
Eldredge .block. Today informal meet
ines were held ~ the offices OF the at
toineys interested In the case,
FEELING AGAINST BANKER.
The feeling against schettler seems to
be- growing az the actual condition Of
his business becomes more evident. The
most charitable view Is inclined to con-
denim him severely FOR gross Ignorance
M business conditions and require