The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-11
IS PERSECUTION
| N BANK INQUIRY
|ho's Bank Commissioner
|Declares His Deputy Is
4 Wrongly Accused.
kcLAREs 1T IS A PLOT
|ne of States Most Promi-
| nsut Financiers Must
Stand Trial.
y The Tribune

hi 10 The Tribune,
',rsr Ida. Oct. 1o.-The bank scandal
.u,,e Ida, in which grave charges
..ds nv a grand jury against some
mast prominent financiers, capital
,nnber and mining men of this state
a, connection With the defunct State
A :, commerce, has attracted the at
n The state bank examiners de-
-,nt. for included in the list of men
hi n ". o. Pierce. deputy state
commissioner. 1t is claimed by
/ Rank Commissioner V. w. Platt
pierce is innocent OF any wrong
and the head OF the stale depart
,s open In his defense OF the dep
.s charge Is the result of an at
by certain individuals who were
s.,sd with the bank to clear their
sflrts' even at the expense OF an
,Snt party, and, in short. was orig
"a hy certain parties or party who
az This means TO avoid the payment
5hscrors' liabilities" boldly states
missioner Platt in his defense OF
EN Pierce.
ID wire from the sheriff at Wallace
la" continued the commissioner.
Al receipt OF his message, | replied
Nr Pierce was away on official
Il and. as he was in territory
Il The only means of communication
% Telephone. and unfortunately the
Fss out OF repair al the time, he
NOT be reached. I communicated
bun as soor as Dossibic.
Stirs Whole State.
1hs report that bonding company
emphatic demands for money from
Pierce is also untrue and misleading
1 only one Of several misstatements.
tonpany or corpora tion made request
nuand for money in this affair"
hank failure in this state followed
hdctmcnis has stirred Idaho as has
d the state Bank Of Commerce Of
are. INVOLVING as IL does the names
c5omlnent men, including state off
The following indictments were re-
<rIam o. Pierce, former receiver and
ry state bank commissioner. charged
cmhezzlcmcnt OF $1,000.
trick II. Wall OF tho Lane Lumber
esny. also dcfuncr. charged with Civ
tiltih sl ptA lll'AI' VI AZ 'N'' w n
IN which he had not sufficient funds
ftdit for the payment.
y. 0Ncil. Edgar 5. .Wyman- 9. Scott
Fon. John Nordquist: Eugene Y.
aud STANLEY y. Eas,on, charged with
'yinr deposits in n bank with the
hedge that the institution was in
Var Wymsn. John H.sNor'' jiist and
ky A. Esston. charged WI making
reports concerning the financial
iflon and prnr9rtv Of corpora ton.
nsusl Paulsen. Q. Scott Anderson,
d Mcintosh Harry l.. Day. Il, F.
ii and Eugene r. Day. charged viii
1rine In the publishing Of false re-
concerulng the financial condition
property of n corpora ton
fee WAS appointed receiver OF TIC
By order Of the court made shortlS
Tie doors We're closed. Since thor
pas been acting as deputy state
co'pmissioner II was while he was
as receiver that the alleged short
ocfu7ed. but II is stated that Tho
sasrsimhursed He gave his per
check on the First National banl
ceHer. Ida. In the sum of $1,000 tc
Naie Bank of Commerce to balance
ccount The check was protested
s1nl OF funds,
rrs was notified and he immedia tel!
'iceo TO those In charge OF the Wal
tanE check covering the amoun
IN the National Bank Of the Re
OF Salt Lake This check wa!
e protested and returned marked
ssted for the want OF funds. on Au
i The bonding company made
no Tor tho money in cash and Pierre
~ fsid TO have telegraphed ii Il
directors, with the exception o
and Mcintosh. furnished bonds Il
mount Of $4,000 each McTntosl~i
Florida, said To be sick with con
,,oh: No effort will be made,
IN bring him back TO Idaho, a
charged only with a misdemeanot
Cite Six False Reports.
lalse reports Of tho banks condi
bior TO the time II failed are citec
enafged the amount Of the over
N each false statement WAS re
ana The figures juGgled and pad
me reductions range ali tho wa
10000 10 500. 900. All overdrafi
tpresenied as secured. when il
mat in fact they were not SO
all. Loans and discounts. it
~ were boosted as we'll as The 70
anu cash on hand The last state
the bank. published March
Nsnowc5 an ovcrdraft OF S647i. whe
iRurs should have been $96.4J
~,~c were dropped in the same mar
m 'he cash on hand Items, dis
counts against each Of the IL
men range from two TO siNtee
against Mcintosh and Augu
~ sixteen against Nnrdduist. n
sdss'nst Wym5n. fourteen again
fourteen against Scott Anderso
asainst Harry l.. Day and Ea
~ elevrn against Eugene Il. Day
,act came Ia Hight here todc
statement Of Governor jam
,s.Ny that the State Bank Of Con
would not he operating. ard II
rg WOULD not have followed had
M iS,bie ,9,,n,bie for the Days, who a
Al Eanlions. owners and controllers
.ihdnd nv and famous Hercules mine,
neaie $4,000 OF the banks sLo
n.s'ed In Portland, This sto
{ IN OF the bank & president, r,
voVernor Hawley requested {
A.. o eke the bank over and neg
were entered into, but the sto
hri,, security blocked the deal. r
Vn Wes unable 10 open Its dooi
sh,,,as result depositors Will recci
|~'ui 1U cents IN tho dollar,