Rocky Ford enterprise., 1908-02-07
BANK DIRECTORS
IAkMG GOOD
Swink and Barkley Doing the
Square Thing by the
Depositors
THEY WILL MAKE
FULL SETTLEMENT
Rses,ver Hall WIN Take Good Show.
iag % Deposltoes will iive
Him Necessary Time.

0OSSsV0S sboss WV s8AS oVoss sSssVW
iag u Deposltoes viii slve
Him Necessary Time.
Ever since the closing Of the State
Bank Senator Swink has expressed a
willingness to discharge his obliga-
tions as director. lie holds four
teen shares. face value $Iaoo. and ac-
cording to law is liable for the sum
OF ss.Soo. He is ready to turn over
to Receiver Hall check for $2.Soo
whenever the legal formaiities have
so far progressed as to allow Mr..
Hall to receive tho money. This &C.
,ion is only what the depositors OF
the bank have had every reason to
expect from Senator Swink.
On Monday ID. w. Barkley. Jr..
late assistant, cashier OF the suspend
cd State Bank. L. ]. Wilcox. of Den
vcr. and ID. w. Barkiey. Sr. held n
conference with the committee OF
seven representing the depositors.
Mr.. Wilcox mainly presented the case
OF ID. w. Barklcy. Jr., the latter. how
ever. answering all questions pro
pounded by the members Of the com
mittee.
!, was shown during the discussion
that neither David Barklcy nor any
member OF his family had eyee made
any deposi; in any La Junia bank, as
per street rumors. The rumor that
Mr.. Barklcy as assistant cashier had
refused deposit from Rev. l.. Nj.
PotaShinsiy and Immediately after
ward accepted n large deposit from
another party, was spoken o! The
facts are as follows: On Thursday.
the day following the closing OF the
bank, Mr. Barkiey. who was acting
treasurer OF the NJ. l.. church build
ing iund. was telephonod by Mr..
Pntashinsky that he had collected
some money on the building fund and
that he wished to turn II into ihe
church treasury. Nothing was said
about deposi,ing the money IN any
bsrk. bur Nr. Bsrklcy asked Mr.
Taiashinsky. the pastor OF the church.
TO retain the money for the present.
The matter of Barklcy. Jr.. giving
y mortgage on 4 Rocky Ford busi-
ness property was explained TO the
committee \ number OF years ago
Barklcy. Sr was requested by his
daughter. Mrs. Wilcox. to purchase
n site for All Office for the Enterprise
Publishing Co. and she would fur
nish the money for lot and building.
Lots were bought and Mrs. Wilcox
sent checks TO pay for same; also TO
paw for the building as the consirue-
ton progressed. The lots had been
purchased in the name OF the Enter
prise Publishing Co. in which Bark
lev Sr. was largely interested.
A deed to Mrs. Wilcox was executed
bu. not recorded. When the Enter
prise was sold almost year ago to
w. r. Monkman. the question OF re-
cording the deed was discussed. and
Mrs. Wilcox wished her father to
have the benefits OF the increased val
uation, consequently it was suggest
cd that the property be decided to her
father. or some member OF the fam
ily. she to have security for the
amount which she had advanced for
the grounds and building. A deed
was made by the Enterprise Publish
ing Co. to D. w. Barkley Jr.. making
him owner by courtesy without hav-
ing pu, dollar in the property. The
matter OF giving security was neg
lcctcd from time to time until the
first part OF December. The mort
gage should have been recorded at
That time and it was most unfortunate
that it was recorded so near the time
that the bank closed its doors. Mr..
Wilcox said that had he not been in
the east. knowing nothing OF the cir
cumstanccs, he would not have APP
proved OF the recording OF the mort
gage a; the time it 4 sas filed. He
stated further that if he was assured
that Barkley. Jr. justly owed the bank
that Mrs. Wilcox would Immediately
release the mortgage so that Mr..
Barkley might use the property to
cover his obligations to the receiver.
Mr. Barkley's personal account
showed an overdraft of SsIo, with one
months salary of SIIo due him, leav-
ing an overdraft of SIoo.
About June of last year the presi-
ucnt of the State Bank asked Mr..
Barkley to purchase seven shares OF
stock and give his note for the same
This he did giving his note for $500.
This note was at once cashcd i'll the
State Bank. Mr.. Barkley never re
ceived one dollar of benefit from this
obligation. but instead not only loses
the $1,000 with interest, making the
amount almost $4,000. but was by this
purchase of stock made liable for
double the face value of the stock, i.
c. $1,000.
This one transaction has made his
losses total S3.4oo, although there is
serious question as to the legally
binding character of the $500 note.
However, Mr.. Barklcy said that 9TH
crs had suffered and that he was will
ing to get under the burden and pay
this obligation This makes the late
assistant cashier one of the most un-
fortunate victims of the bank failure.
The property thus turned over TO
Receiver Hall is worth about $500