Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1908-05-18
COURT APPOINTS FL.
WILDES TO POSITION
T. 3. Hickey Blamed For Present
Conditions. !-angan Does Not
Decide Banks Are InSoivent
But Acts to Protect Cred
itorS

This morning at 10 O'Clock the mo-
ton by the State for the appointment
OF a receiver for the State Bank and
Trust company was resumed before
Judge I.angan Mr.. Platt, the attor-
ney for the State Bank and Trust com
many. read his answer to tne motion
of the Attorney General in which ne
maintained that the State Bank ana
Trust company is at the present time
a solvent institution and that II the
promises of T. 3. Hickey, its former |
president had been kept III regard
10 the protecting of his stock IN the /
hank that that institution would be /
ab,a Ia resume business and by taking
ahyantare Of the agreement signed
by IS per cent of the cepositors
After the reading of the answer
Attorney General StodGard called Sec
retary of State Douglass as witness
He testified to being member OF Tue
State Bank Commission AMI ldentlned
a
Examiner Miller on March 9TH, ana
stated that the same had beer III the
custodv of the commission ever since
its fling with that body. The report
of the examiner was introduced IN evil
dence and the objection to It's ad-
n,ission was oyerruled on the GROUNDS
that the report was a public document
made under oath and should not ne
questioned as to it's veracity
Rank examiner Hofer was the next
-i,roes called. He testified that ne
had filed the Office since the ISL DAY
a. Anril last and had been in posses
.;on of the chain Of banks OF the state
p.nk and Trust company since the
o:+b of April taking possession rom
las T. Davis, cashier OF the banks
He testified that at the time oi MS
+.l;no over the banks he had received
coin to the sum OF S59,39' ~. n's
renresentel the cash in the vaults
of all the branches Of the 'nstl'u''oi
rhis amount had been compiled lol
him bv the respective cashiers oi 'iie
ai.orent hanks whom he had appolh
ted to assist him.
las r. Davis was then caileu. ~
testified that he had beeh secl e's'' :
80 cashier Of the banks for the pas
g. wears He told of the ehofo
Ia raise the required amount u n'on>
- ,ehahi1itate the bank and open
~ h,s;ness and stated that the agree
mont presented to the deposi'ois -
+hair signatures had been iaSoi az
raceiyed. Mr. Davis furthef s'a'e
that a compiled report made os III
Of the various branches OF the 'an ~,
showed that on March IL i''o' ~
ote of the institution were s4oo
>. oA in excess of the llapi'i'ie
When asked what the STOCK ~ :. =
,a,t was worth at the preseh. ~,
:. et,ted that it would be "or'
.,i,o unless some one secureu =
entire issue ana lSopS
business. 81
~. nax;s then stated that on the q
,,,rcb he had compiled a fepo
oe the condition of the banks anu -.
:. .h,t time there was s71,3o7 10
tba vaults of the local ana o'n
,..,cbes of the corporation. he te
t;eea that the banks had not oeen y
mo banking business s'hce ~
.,osaa ON the 23d of last oc'o''
49, the only money that had De
lasnt was the wages for the cas-
,ar. and that it was necessary - !. !.
,,in these men in order to pfo.e'. , ,
,nterests of the bank. ihe '.e9 !.
rho counsel of the bank anu i ~;
u,oes Of Mr.. Shaw of the rehao'
rst,ns committee has come out ol
e.nds Of the bank. This amoon'eu .
.1zoo % and $3.50 expense money LOT