The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1911-04-01

Petition of Spencer Reynolds. as
Receiver Of the Eureka County Bank.
for an order to continue the employment
of a clerk at reduced cost to Receiver.
To the District Court of the Third
judicial District of the State of Nevada.
within and for the County of Eureka:
The petitioner, Spencer Reynolds. Re-
ceiver in the above entitled action, re-
specially shows to the Court:
l.. That, by an order Of the Court,
dated on the sixth day of April, 1910.
your petitioner was duly appointed Re-
ceiver Of the Eureka County Bank. q
corporation, organized and existing
under and by virtue Of the laws of the
State of Nevada, and having its banking
Office and place Of business at Eureka,
in the County of Eureka and State Of
Nevada that. thereafter he qualified as
such Receiver, and that he is now the
duly appointed, qualified and acting
Receiver Of said Bank.
2. That, upon and after accepting
the position of Receiver In the above
entitled action, this petitioner was in
formed by members of the State Bank
ing Board of the State Of Nevada, that,
with full consideration Of the amounts
involved and the difficulties presented
in this Receivership, this petitioner
should receive as his compensation, the
sum of $40 per diem, or. approximately
the sum of $500 per month, and in ad-
dition thereto the services of an expert
accountant or bank clerk; that the
compensation aforesaid. if allowed to
this Receiver, is a just and reasonable
allowance; that this petitioner, how.
ever, to comply with the frequent ex-
pressions OF this Court for an economi.
cal administration Of the affairs Of said
Bank, and with regard for the interests
of the depositors of said Bank, has re-
requested and been allowed by this
Court, in compensation for his services,
a sum much less per month than the
sum deemed adequate by the said State
Banking Board, to-wit, the sum of 5000
per month, or. 800 per month less than
permitted to him under the laws of this
State; that the said allowance Of 5000
per month for this Receiver is a just
and reasonable one to be paid to this
Receiver for his personal services to be
by him performed in said R~eceivership
in the future.
8. That, Notwithstanding that many
of the collections and sales of property
which have come into the hands of this
Receiver have been made, yet, the af-
fairs Of said Bank and the conservation
of the interests of the creditors thereof
demand the continuance or an expert,
honest and trustworthy bank clerk in
the employ of the Receiver; that. as
additional reasons for the continuance
of such expert, this petitioner represents
to the Court, that the Directors Of said
Bank kept no record in their minutes
of the transactions of said Bank, as is
required by good business methods,
and, that ne officer, director. cashier or
other person connected with said Bank,
although willingly, receiving or borrow
ing the deposits made in said bank.
thereby causing or helping to cause a
loss to the depositors and creditors Of
said Bank, has either offered to give or
given any advice, counsel or assistance
to this Receiver, which would lessen or
tend to lessen the loss Of the depositors
aud creditors of said Bank. or to ex.
plain the trasactions of said Bank. but
on the contrary. the parties aforesaid.
who induced or permitted the insol-
vency Of said Bank. have hampered