The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-10-04
BANK MATTER N COURT

fact taat neither he nor Bank Com.
missioner Young had been served a
cops Of the spetitlon filed bv the
plaintiffs. which practice vas ad
mltted 70 be customary BY the court,
that he would have had an answer
filed and have been prepared to pro
ceed al once with the hearing upon
The granting OF the injunction.
Ames Appears for Plaintiffs.
{. b. Ames appeared for the plain,
this and In his opening remarks
stated that he had an order in his
pocket signed by the plaintiffs. re-.
questing that the suit be dismissed
as soon as their claims were paid.
He also admitted that If the bank
We're returned to the bank officials
that they would be willing to cooper.
ate and settle the suits without hav.
Ing a receiver appointed. Tie stated
that he mad presented the claim OF
the National Insurance company OF
Chicago on Friday to Bank Commits
sioner Young and that the latter de-
'lined TO pay the claim for various
reasons. including an objection 10 the
interest clause OF the time certificate
deposit slip which had been changed
He said that payment Of the claim
was again refused Saturday. but nd.
mittel that the commissioners had
agreed to make the payment on Mon
day If the old officers were not In
charge Of the bank
Ames Asks for Delay.
Although Attorney Ames stated
that il was only the money he want
ed, he Gade an effort to get the
whole matter tied up in ths courts
indefinitely by asking the court 10
suspend all proceedings in the case
ind TO tre Bank Commissioner Young
IN the charge of contempt of court,
declaring that Con- missioner Young
vas giving bills receivable 10 some
" the creditors Of the bank and
that they We're paying such credits
as the bank commissioner pleases.
He also alleged that they were dis
eliminating against Oklahoma City
banks, stating that the source of his
Information was the press ANA pro.
iuced a cop yof Sundays 0klahoman
containing a purported interview Civ
IN cut b. Bank Commissioner Young
Judge Cotteral objected 10 the read.
ing of the interview. stating that he
would not entertain such testimony
Jr statements which he declared TO-
be not OF judicial character ard that
such statements could not be cred
tied by the court. He further an.
nounced that the only thing that
could come before the court under
he the present status was the hear
ing Of the temporary injunction and
that he would not consider citing
Bank Commissioner Young until some
rreditable evidence was filed to show
that he had violated the orders Of
the court.
ledbetter Says It's Politics.
Attorney Ledbetter answered MI
Ames by declaring that the attorney
lor the plaintiffs was attempting to
play politics and get delay in order
TO keep the state from placing the
bank in operation again and 10 de-
stroy the guaranty law He declared
that Commissioner Young had stated
TO him that he would abide by the
orders Of the court and that any
statement published TO the contrary
was false
Attorney Veasey also denied the
charge made by opposing counsel lie
stated that President Norton and his
associates had agreed to raise $500
900 additional security for the state
banking board. that he was conf
lent the bank officers would be IN
,harge OF the bank before the clos
ing hour today and that every depos
itor and every creditor would be paid |
in full He also declared that ar
rangements had also been made to
secure $lo00.000 or more IN cash
and that The bank when taken over
would be prepared to pay any claim
no matter how large
Judge cottera Explains Order.
Before taking a recess until the
attorneys were ready TO begin argu-
ments on the temporary injunction, |
or until other proceedings in the case
were commenced Judge Cottera an |
nounced that he realized the matter
wlls Of serious moment to re entire
state and for that reason ne had
made his temporary order plain and |
exact, that The order only prevented |
the bank commissioner from paying |
any claim in preference 20 another
which was conceded BY the defend |
ants not 10 be an unreasonable order |
Judge Cotteral announced that he
lad expected TO convene court at
IAwion today, but that since the
bank matter had come up he had /
the convening OF court al
Lawton until Wednesday and was
prenared 70 hear the matter immedi |
atelA He held that the court had
absolute jurisdiction in the matter
He stated that the plaintiffs would
have cause of action If the bank
were to show any par
ticle Of discrimination in paying
Judge Cotteral announced that he
would leave Tuesday afternoon for
! aviton and return here Thursday
afternoon. ATTORNEY Ames requested
the court to hear the application for
q reeeivership at the same time the
hearing on the temporary Injunction
was had