The Alaska citizen., 1911-04-17

2 r.Nr.uiuE If .h" Washiuetou- Alaska hank matter Is aims and results are summed up in the fol lowing report
 At a meeting of he women de posters oC the Wa.hiug' 'on-Alaska bank of Nevada and of the Washing tou-Alaska bank of Wazh.uet n. held March 2I. l4ll. it was decided 10 call mass meeting of all the de posi'ors If both Ct fhe above bank rup- institutions, which mass meet ing 70 k place at the Auditorium March 2a 1911
 A rhis mass meeting. certain resolutions were unanimously pass ed to be submitted 10 the court for consideration. X committee of five was then unanimously appointed. to take charge of affairs frr the depos- irrrs If the two insti'utiouS 10 cir culate the resolutions passed among the d,pozi'ors for their signatures in Fairbanks and on the creeks, and "a submit the signed resolutions to the court Upward of 4oo signatures were secured; more will come in from the m re remote districts, said districts having rcques ed copies of the resolutions for signatures. The committee 'h uCht lest no' 10 wait for those last sigma before placing the above mentioned resOlu- ti IFS before the court for Considora- tiOn.
 The principal aim of the reso- lutions being to secure an iuyesti- gation which would result in the in dic'ment of r.. T. Barnette for loot ing the two banks mentioned above and his ultimate conviction fir such footing. they embodied the following
 The removal of Receiver Flaw kins
 An investigation before another grand jury
 The appointment of an expert bank accountant. in order 10 secure facts upon which to base such grand jury investigation.
 "On April 13 the undersigned com. mittee waited upon Judge Oyerfield and presented the resolutions pass I'd by the depOsitors for his consid- cratiou After pursuing same. Judge Oycrfcld stated as his reply 10 the committee that he would not re- move Receiver Hawkins upon the repre.cnraiious of said resolutions. Although agreeing with the commit tee tna, the work of all expert bank accountant would be necessary in order 10 secure new evidence upon which 10 base an investigation by another grand jury, Judge Overfeld refused 10 allow the d2pOsitOrs the requested eXper, bank accountant A present.
 The committee does not submit the ah ye as final report, but feel that the depositoTs are entitled to knowledge of progress to date.
 "ALINE BRADLEY. Chairman,
 ELIZABETH SMART (Mrs ] KD
 MRS KATE FARRELL.
 MRS MARY C. CAMBRIDGE.
 MRS. l H. CONDIT. Secretary.
 The petition. which is not the one presented To the mass meeting held on March 29 recites that the un- dersigned petitioners, Dr. Aline Bradley, Mrs. Kate Farrell, Mrs J. K. Smart, Mrs NJ. C. Cambridge and Mrs. J H. Condit, representing themselves and several hundred other dep sitors, who had signed a memorial requesting them to so
  ing petitions and prayers to the court
 After reciting the history of the two banks, and the fact of the Fair banks Banking company becoming insolvent through the fact that it's directors appropriated from it's funds s250,000 to purchase from w. II. Parsons, the capital stock of the ;+ 10 say that
 E.-That on October 1. 1910. F. T. Barnette, president of the Washing ton-Alaska bank of Nevada and of the Washington-Alaska bank of Washing Il, caused the directors of the two institutions to enter into negotiations, the result of which was a secret and fraudulent sale, a pretended and purported sale, by which the Washingt on-Alaska bank of Washington sold to the Fairbanks Banking company, then insOlvent for more than six hundred thousand dol lars, in consideration of which the inSOlvent Fairbanks Banking COm- pany promised and agreed to become responsible for the debts and lia- biities of the Washington-Alaska bank of Washington. From that time the insolvent Fairbanks Banking company carried on the business of both institutions at it's own place of business under the name and style of Washington-Alaska bank of Nevada.
 That the moneys of the solvent Washington-Alaska bank were paid out to the depositCrs and creditors of both banks indisCrimnately, and without regard to the rights of the respective institutions. That the bus mess of both said banks were con ducted under the name of Washing ton-Alaska bank, without notice of any kind to the public.
 Then the change in name was done, or caused to be done, by E. T. Barnette for the purpose and with the intent of deceiving. and ulti- mately to cheat and defraud, the depositors of the WashingtOn-A Alaska bank of Washington.
 In sections VII and VIII of the pc tition 1t is stated:
 VII.-That the officers and direc- tors of both banking institutions were in possession of knowledge of the matters set forth in this peti- tion, and knew that the Fairbanks Banking company was insolvent In September, 1909. That notwith standing this insolvency and their duty to the respective depositors of botu banking institutions, the direc- tors of said institutions, and espec- iallv tho iirartors nffi1arS 0f the