Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1910-04-01

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around and wonder what the final
outcome will be. They do not
discuss the washouts on the f. & P.
Railway, neither do they appear to
care when the Wells Fargo Company
will bring here the three or four
tons of express matter consigned to
Eureka that has been lying at Pail
SADIE for the past month. their minds
being conferred on the financial
disaster.
To add to the distress of the people
they were unable to obtain any
information regarding the affairs
of the suspended bank further than
the statement made by Cashier c..
II. German that there were
sufficient funds in the bank when it
closed to pay the depositors over
thirty cents on the dollar.
kilograms sent to Oscar j. Smith,
president of the bank, who is now
at Reno, remained unanswered up
to Friday night.
According to the statement in the
complaint filed by the attorney
general the deposits amount to
1919, 1928 the liabilities are
$4S6, S4l.l6 and the assets r $685.
96S.73. According to this state
ment the bank will be able to pay
so odd cents on the dollar of its
deposits.
On Saturday, Judge Breen
summoned a grand jury to meet on
April 7th to investigate the affairs
of the bank.
A Sentinel reporter asked Judge
Breen if he had anything to say in
regard the calling of the grand
jury. The Judge replied:
Not for the present. That in
formation had reached him semi
officially which he considered amply
sufficient to demand investigation at
the hands of a grand jury. That
the sudden closing of the doors of
our local bank, an institution which,
up to a few days ago was regarded
as one of the most solvent in the
state, coupled with rumors of
wrong doing, made it his duty to set
the machinery of the law in opera
ton to the end of obtaining the
facts, and acting on them when
found. That his instructions to the
jury will be to thew to the line, let
the chips fall where they may"
Suit was begun in the district
court of Eureka March % at the
instance of the State Banking Board
by the Eureka County Bank against
the Eureka Live Stock Company of
South Dakota to ercover the sum of
$51,362.S so, besides interest. The
nature of the.'plaintiff's claim is.as
follows:
Two promiSsOry notes, each dated
December II, 1908, and payable to
plaintiff or order on demand, each
for the sum of $4,000 with intecst
at the rate of s per cent per annum,
upon which notes the interest has
been paid up to January !, 1909,
also upon three notes, each for the
sum of $4,000, dated December /,
1905, payable upon demand with
interest at Z per cent per annum, on
one of which notes the interest has
been paid up to December |, 1907,
and on two of said notes up to June
l, 1909; also upon two other
promiSSOry notes dated December |,
1907, each for the sum of $500,
payable four months after date
with interest at 8 per cent, upor
which the interest has been paid tC
June /, 1909; also for moneys loan,
cd and advanced upon the account
within the two years last past.
Sheriff NJ. Mahoney and deputies
levied upon properties of the Live
Stock Company on Thursday.
On Thursday afternoon the
Eureka County Bank commenced
attachment proceedings against
Minnie ID. Smith to recover the sun
of $ 5,736.24. moneys advanced with.
in the past two years, which defend.
ant promised TO pay upon demand
with interest at the rate of 10 per
cent per annum. Mrs. Smiths
interest in the Eureka Opera House
was levied upon.
The First National Bank of ElkC