The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1910-04-02

be made TO appear. Nothing ia this Act
shall affect any proceeding now pending In
settling up the affairs Of any bank now in
custody Of the present Bank Commissioners
or the Bank Examiner, or any receivership
now pending, but all such settlements and
proceedings shall be continued and completed
in accordance with the present law, and all
rights that may have accrued under and by
virtue Of any law now existing are hereby
preserved.
Now, then, how is 1T that with the re-.
ports of the bank examiner before them
the members of the State Board failed
for so long a time in their duty aud thus
facilitated the plundering of the public
by this so called bank. The penal pro.
visions of the law have just read were
evidently intended by the Legislature
to protect the public. depositors and
business men, not from the bank man.
agement OF honorable msp, but from the
rapacity Of men who have three of the
qualifications for successful road agents,
to one for conservative ban king.
/ consider the appointment of re.
ceiver under these circumstances a mat
ter OF vital importance to the people Of
this community, and whilst I believe
that the utmost speed consistent with
safety should be exercised by the Court
in the appointment Of a Receiver, l
deem 1t my duty under the sworn testi-
mony presented to me to-day to take q
few days at least to think over and de-
termine who in my mind would be the
proper person to take charge Of the as
sets Of this bank in the interests of the
depositors and all concerned. When /
am ready to appoint receiver I shall
give notice Of it, so that all who are
interested may be present in Court, il
they desire to be present.
As the county is deeply interested ]
should like very much to have at least
a majority of the County Commission
ers in this town before determine who
Snail De receiver.
/ understand that Commissioner
Fraser will be here in few days. and
upon his arrival I shall certainly sug.
gest the appointment of additional
counsel to assist the District Attorney
in an examination into the situation
that now confronts us, and l say again
that it will only be few days before l
appoint receiver.
Here the Deputy Attorney General
arose and addressed, the Court in regard
TO the action of the State Board and
others for not closing the doors of the
bank. or otherwise notifying the public
of its insolvency, and spoke substan-
TALLY as follows:
Deputy Attorney Generals Statement
'It may be meet for me to make a
statement at this time. I do not wish
to condone or mitigate any wrong. One
thing is certain, and that is that at
every turn of the roadway Mr.. Van
Fleet has performed his duty, but it may
appear that the State Banking Board
delayed too long before taking action,
but in waiting and negotiating it ex.
pected to accomplish benefits to the de-
positors. II the members of this Board
worshiped the goddess of Hope. it was
in the firm belief that something valu-
able would be obtained that would pre-
vent sorrow and ruin to the people of
Eureka and financial distress to the
people of Nevada.
'Mr. German at all times was willing
to cooperate with the State Banking
Board in its efforts to prevent loss to the
depositors. and during the months of
it was the hope that the
bank would be placed on a sound finan.
cial basis and the depositors saved from
any loss"
Mr.. Fowler in an interview given to
a representative Of this paper said:
1.-THE all important thing at the
present time is the protection of the
interests of the depositors. 1t is easy to
look back and see what might have been
done, but it is always difficult for finite
minds to penetrate the future. The
necessary action at this time is to con-
serve the assets of this bank, and to do
this conservative handling Of the stu.
alton is required.
1.-The appointment of Receiver rests
entirely with the Court and it is sacred
and serious responsibility. hope that
the best man possible will be selected.
but as to whom should be appointed l
have no suggestions to make. No mat