Rocky Ford enterprise., 1908-01-10
STATE BANK SUSPENSION
lccn,inusd from FRS, Psgsl

snens. but the height to which public
sseiing can be developed in \ short
period. under such circumstances as
the suspension of bank may preeip-
itafe. was shown in Col. Loekhart's
receiving bu; sixteen votes ou; OF \
possible az. Mr.. Hall received sti.
The other nominees were X. Hardey.
who got six votes, and A. c. Sloan.
who got three. l.. X. Feniason and
+. ]. Gretchen. who were also named
by the meeting. declined the position.
Hon. w. II. Ebbcri,. who was call
cd to preside over the meeting. ask
cd the gentlemen who had been in
formally and hastily chosen TO so to
Pueblo and ask for delay in the ap-
poin;mcnt OF a receiver. TO report
what had been done. and Judge II.
NJ. Minor and J. II. Crowley were the
two who reported the eorsen, u
Judge Riser OF the District Court TO
defer the appointment pending ;he
expression OF preference from a pub
lie meeting OF the depositors.
II. I. Maxwell was asked and re-
ported on the committee meeting the
Bank Examiner and with the bank
officers. The former had said IL was
too early for him to speak. The gem
cral tenor of the report from the Of
ficcrs was that they had profcssed 4
willingness to turn over all their per-
Sonal property to increase the assets
of the bank. Attorney w. II. Goblin
volunteered the information iha; the
wife o: the Prcsider; had already
signed a power OF attorney with the
implied intention OF doing all in her
power TO help the situation with her
resources. The sentiment OF the
.ks. 20 .f,. nFG@.,. - ,t,.
bank were ready to do this the de-
positors would go slow with refer
cnee to any criminal action that
might be threatened 4 resolution
that the chair appoint 4 committee TO
interview the officers OF the bank
was PIT and carried. and later the
chair named w. d Goblin. Geo. c.
Preblc and Judge Minor. The chair
man also named Judge Minor, J. II.
Crowley and J. c Iawion 20 appear
before the court IN Pueblo and ask
that G. VI. Hall. the choice Of the
meeting, be appointed receiver.
There was reported a total OF 1919
depositors OF the bank. The
meeting before il dispersed was
something less than 200.
Monday morning the committee
from the dcposiiors' meeting went in.
RizcT OF the district court with its
report from the meeting Col. Lock.
.hart was also present with Attorney
McCorklc and argument was heard IN
reference to the Tcccivcrship. Judge
Rizer took the matter under advise
ment and At p. NJ. reported his de-
cision to act upon the rccommend7-
tion OF the meeting and appoint G.
NJ. Hail Mr.. Halls bond was pu;
at $4,000, and it was furnished on
Monday afternoon. On Tuesday
morning a plaeard was placed upon
the bank door annouucing that the
bank was in the hands of Mr.. Hall
as receiver. Mr.. Hall promptly gave
ii out that no information would be
given to anybody by him regarding
the banks affairs until he has filed
his Official statement with the court
This should properly head off any
street runors current as coming from
the Receiver and help to discourage
some OF the tendency to agitation.
On Tuesday morning 4 request was
made by the officers OF the bank for
an interview with the business mems
committee OF last week and they
met Mr.. Godding and Mr.. Smith at
the home OF the president. While
part OF what transpirei at that con-
lcTSllSC was gwen IN commence ana
is not for publication the general pur-
port OF it has been made public and
is calculated to give a more hopeful
tone TO the situation. The object of
the conference was to ask for a week
or ten days consideration in the be-
lief that friends are available who will
come to the relief OF the suspended
institution and place it upon its feet
again, the proposition being a COM
pletc reorganization OF the bank and
the payment OF depositors in full.
This it was admitted might take some
months and would require the consid-
cration OF the creditors of the bank
in order to be made effective.
he committee, as far as it had au-
thority to do so, assured the officers
OF the bank that such a proposal
would meet with tire liberal r9vai
OF the creditors. They however had
n authority to speak definitely. And
ir the meantime it was understood
II the ReceivershiD must proceed
a. any other formalities legally re-
O. red be complied with.
Bank Exsminer Beatty turned over
tn effects Of the bank Tuesday to