Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1909-12-09
BANK OFFICERS
TO STAND TRIAL
U. S. Supreme Court Reverses Ac'
tion OF Judge Sanborn in Case OF
Defuncs FIRST National Sank

ton OF Judge Sanborn in Case OF
Defuncs FIRST National Bank
The decision of the u. S. supreme
court, mention of which was made II
all Wisconsin dailies Monday, came as
something of SUI prise to many Lady
smite citizens. who had been led to be-
lieve that the case against Messrs.
McGilI, Newman and Corbett, officers
of the defunct First National Bank OF
this city, which was dismissed by Judge
Sanborn at EauClaire in June OF last
year, would never be heard of again,
although it was known that the govern
ment had taken an appeal to the su-
preme court.
The following is the special dated
Washington, Dec. 6, which appeared III
Mondays Superior Telegram:
That the comptroller of the currency
is an agent of the government with
power 10 examine into the affairs OF
national banks was decided by the su-
preme court of the United States today
in the case of the United States versus
John A Corbett and others in favor OF
the government.
C0rbett was the cashier of the First
National bank of Ladysmith, Wis, and
he and others of the bank We're indicted
on the charge of making false entry
in report to the comptroller, the pros
ecution being under the statutes which
prohibit any effort to deceive bank
examiner.
The United States district court for
the western district of Wisconsin, in
which court the indictment was found,
dismissed the complaint on the ground
that the comptroller was not an ex-
aminer as contemplated by the statute.
The supreme court failed to sustain that
view.
The court decision was announced by
Justice White who said the comptroller
is an agent of the highest character.
The time for the trial of the case has
not been published. Since the time
when the case was up before, U. S.
District Attorney Gordon has succeed
ed w. G Wheeler as the prosecuting
attorney for this district.
This was the first case ever appealed
to the supreme court on these grounds,
although many men have been given
FIVE years in the penitentiary, the min
imum sentence, on conviction of the
same offense charged in this case.
Accept Woodenvess Third Addition
The common council spent almost the
entire time at its meeting Tuesday
evening discussing the acceptance of
the revised plat of the Menasha Wood
en- Ware Co.'s 3rd addition to Lady
smith. 1t was finally accepted, Alder
man keifer's being the only dissenting
vote.
The addition in question lies wholly
on the east side of the river, extending
from opposite the Gerard hotel down to
the new sulphite mill. A large part of
this territory had previously been ac-
cepted as the M. w. W. 3rd addition,
but before any lots were sold the
Wooden Ware Co. had it resUrveyed
ana the SCfeeCS Idiu ouC 10 coIIeoPOhu
with those on this side of the river.
Something like $4,000 was expended by
the company in clearing and stumping
the principal streets, the old plat was
legally vacated, to which the council
gave its consent, and the proposition up
to them Tuesday night was to accept
or reject the revised plat.
The council granted to Harry Speidel
a druggists liquor license.