Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1907-07-04
Is OTHER BANKERS
TO keep C. G, KING
COMPANY IN PRISON
Scotland Bank Wrecker Jol
Colony Of His Kind in
leavenworth.

Scotland, s. d., June 26.-Charlea c.
King, president of the defunct flrst
National bank of Scotland is now IN
prison at L~eavenworth under five years
sentence. He is the fourteenth banker
under sentence at this time to arrive at
the Kansas penltentiary. The others
are:
Frank G. Bigelow, president First Nat
ional hank. Milwaukee,, Wis; IS years old:
sentenced for 10 years from June. ~, l@o'
isiis s'' '"e
bank. Milwaukee; rs years OLD; sentenced
for 10 years from May D. 1906; good '1me
term expires on January 5, 1878;
, Justus \. Broderick, president, flrs.
10 years from April q. 1894; good tme@
term expires December q. 1910.
Wilson l.; Collins, cashier First National
years from April "a. 1904: good time eS-
plres September 10, 1905.
Walter Brown. director First National
bank, Elkhart, Ind: 43 years Old: eight
years from April u. 1904; good time ex-
pires March 3. 1916.
John r. Cooper. president First National
S Sean: M from March Ia !. 1884, ) se good timss
term expires November 3, 1907.
Gustave 4. Conzman, president Vigo
county und.) National Dank: oo years ON,
eight years from January y. 1906; good
time term expires December III, 1911.
Alfred c. Parker, cashier First National
bank. Bedford. Ind: IS years old; five
years from May Is. 1904; good time term
Cyrus F.. McCrady. cashier First Natio-
nal bank. Seymour, Ind. Al years Old: SIX
years from May Is. 1904; good time term
expires October q, 1908.
John H. Wood. cashier First National
bank: Matthews, md; , ~ years so 1ldi SIX
term expores June 3. 1909.
Robert B. Taylor. bankcr-forger,. st.
Louis. Mo; so years old; five years from
Arsns II; 1904; "sood time" term ex-
Herman Haass, Chicago. transferred
from Joliet.)
Francis b.. Wright, Kane county, Ill.
Statement Of Scotland Bank.
Following is a report of Kings transac-
ton published by the Citizens Republican,
whose editor had free access to the bank
books for nearly Two months when clerk
under Receiver Landmann:
When the First National bank was
closed by the. examiner February 2, 1907,
the total assets Of the institution were
half were listed as worthless and about
One-third as doubtful. Among the worth
less list was included a bunch Of eerti-
ficates OF deposit issued by the old Bank
of Scotland which went out of existence
when the First National was organized.
These certificates to the amount of ST.
777.A had been redeemed by the First
National, and were being carried as bills
receivable. There We're school warrants
amounting to Sl,946. 10 that had been sold
to a bank in Sioux City but still carried
as assets: notes to the amount Of So
433. 13 held as collateral by a bank In Sioux
City to secure a loan of $500 and also to
secure the payment of over sl1, 600 worth
of notes that had been sold with guaran-
tee of payment: Unsecured notes signed
by Mr.. King. his wife and his mother
amounting to $1,000. and his notes signed
by j. p. Resner, his wife and son amount
ing to s2,715. besides a bunch OF fictitious
notes amounting to many thousands of
dollars In the doubtful list were shares
of stock in the Mitchell Gas company, car
ried at s1S.es4.96. bonds of the company of
$500. and notes signed by the company of
s6,O17.3. The total cash on hand at the
time of closing was only s., 1899. 40. The
banking house and fixtures were valued at
S9.0I.lS.. but had been well sold at $1,000.
.The liabilities OF the bank consist Of,
claims proved at about SCI, 900. of which,
S6.4S.75 were filed as special claims.