The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1911-05-12
SAID THAT MANY BANKS
WILL RESIST COLLECTION
Temporary Injunction Secured
By Bank Of Indian
Territory

Securing temporary Injunction
aaaiBst tbe state banking boati in
efforts 90 enforce the one per cent
guaranty assessment the Bank 81 la.
alaa TergitOgg EO&ag c0mmenced
test case 81 the utmost Importance 70
banks. the state ana the people gen.
orally a large number d state
banks are resisting the payment 0t
assessments recently made Jnde ihe
guaranty law. claiming the call Is tor
too large q share Os their earnings
This Ola aud strong Guthrie bank
took the initiative today. wAen Frank
laie director and attorney applied
% Judge y G. Strang, acting dsstries
Z judge, FOR temporary 0rdeg re-.
suaiDing ihe state banking board
4 from taking charge oi TIE affairs oi
the institution Judge Huston was
rot in the city, an0 ID ig assumed thai
I b. his return PROBABLY tomorrow ap'
I pIication viii be made bg tue bank
ling board i0E dissolution 0i the w.
I junction This VIII Bring Or the main
I fight, Il Is expected The plan tor
test By tile Bank 0f Indian Tetrit-
tory Was agreeable 10 tae representa-.
iises Of the banking board, and on
the outcome Of this case VIII PROV
ably depend the entire matter ot as
essments.
The title Qg the suit Is gae BaAA 0l
Indian Tertiary against Lee Cguce
lk0yernoF OK Os.ah9ma. f q Dennis
laHa y G. McClelIand, members o
tae state banking board. snd tA'
State banking board a G cguee ap
pears 81 aytorney i0r tue oaaaiHs
board
What Tire sHl Sets Out
Tht blll for injunction selA 0ut ina
the officials named we're about z
take charge 0i tine Bahk and 70 ous
Hts officers aud directors II is claim
lad the enforcement o. fhs assess
u eRts R0uld deprive stockholders 2
reasonable returns ou their capita
stock IL is set up that the action
threatened meant taxing yhe aEoperi
0s tine bank R.iA0ut due process 9
! 4 iAw aBa t1at lAe taking a0nla hat'
I Teen c1nAscatOgY Ihe clasia
, made that tae board was ngf pra
ee@iiue under ans gfd'f @f f8afl
and tAe affairs 0i tAe uans stHelt as
"a good condition
Force &c alleged 4 beiBg asssffe
that tAe military arm 0f iae staf
pas represented 8Y tAt adialaaE sei
eal
d n Il Dennls. a g cruee Adig'aa
+ geDers4 r 81 Canton a8a bank n
4 smlner M R Garrett appsaged hei
4 yesterday If was stated tHai "
3 aoas8 intesazsi ~ make aeelsi'
& bsht for ihe collection 81 ALI asses
& ments. ame taFee mouths tr0n a8n
- banks. lt Is said The Bank q J.
g Gtan TERRITORY was taeaied Arss aH
b # vas s008 understood aif 4fftt
. iaat it aoula take ~ gne hgai ia
a beBii mas 8ied 0n tae formal 1at
2 tent Uf Representatives o. f1e 99ai
that gae} would laAe charge
&r Garnet made au exAhlAat'
"a sAe hank ending lia aayer an4
aigs generally ln good condition
Ore per Cert Asssssmert
The one Hef resE assessment y
8ten hanglag Age sgg taFee m9aia
land 5s fn GNa OK glafaaty 8aBkS
Oklahoma hast refused to pay i A'
assees ment Is das tn tae iai#Fe
the gi8 Columbia ssae 9aAs 69Fef
~ C405s has advised ~. saus8 70 y
iteis assessment Yesterday sQe
bankers AeGs Informed thas oihcla
If state baBas who coutla1e go feig
a ts paF the reeens assessment N
A sDeyaie the gu4rsatg fuue wlll
l fsm0vel sor violation q ihe sie
\ Laws. The baaka at iA# Sen. W.
" alsa aad Mgsk0ges aaYs refused
raw The assessment wofas aal
ship om maag haa
In Gu.hrle faegs AVE fpgF saal'
X tse banks K8e oHe Per eeti asae
ent means paYaeAi ~ fiHN
I rae 0klahoma stste baak szAg1
the Guthrie Savings 1880 by Log
tauntY aNd ss4a h8 tae Bank "
an Territ0Ff