The Alaska citizen., 1911-03-13

Engagement was arrived at Friday morning at o'clock. and the neCes- >ary papers were duly signed by all parties concerned at that time. By the aEr, eweuf Captain Barne.te binds himself 10 make good any C. u..cuDy 'o the depOsitors that may ,Ni-' af.er the assets f the bank have been realized on. The securities Le pu.s in the hands of Trustee Shinkle are all of his hold ings in this country and in Mexico, and he further agrees to apply the rentals from his Fairbanks property anu any royalties that may accrue from the holding on Vault and Dome creek t.vatd the payment of the banks debts
 By 'he terms of the agreement the dep-s sitors in the bank will re- ccive per cent. interest on their deposits from January ,. 1911, un- til they are paid in full. For the purpoSa of aftoriing a consideration for the nrract. so that 1t would be binding instrument, Captain Barne;tc acknowledges his respOn sibility 10 the depositors.
 The committee which negotiated with Captain Barnette was appoint cd by the depositors at meeting of he deposi,srs held on Tuesday March 9 t was composed of the following: E. T. Wolcott, W. A. Shinkle. J E. Robarts, pr. Aline Bradley. Tn mas Gibson, Lee Jes- son and Jesse Noble. The agree ment arrived al is as follows:
 This agreement. made and enter cd into this Stn day of March, 1911, by and between E. T. Barnette, of the town of Fairbanks, Alaska, the party of the first part, and Isabelle Barnctte, wife of the said F.. T. Barr. tie. of the same place, the par.y of the seccnd part. and w. A SAiukle as trustee for the de positors If the Washington-A Alaska bank. a corporation, incorporated under the laws of the state of Nevada, and heretofore doing gen eral banking business at the town of Fairbanks. Alaska, the party of the third parJ;
 Wh rcas. the Washington-Alaska bank, corporation. incorporated under the laws of the state of Ne. yaGa. and heretofore doing gen ,ral banking business at the town of Fairbanks Alaska did become involved in financial difficulties and was compelled, as a result thereof tJ close is doors and suspend it's general banking business on the %ri day of January, 1911, and al said time was and is now unable 'o pay is depositors upon demand in full. and the affairs and property If said bank are now in the hands of F. ". Hawkins and F.. H. Mack, as receivers duly appointed by or Gers of the district court, district of Alaska, Fourth division, in that cer ain case numbered 1,591, in said curt; and
 Whereas the said F. T. Barnette for a long time prior to the ap- pointmsnt of said receivers was, and ever since has been, and is now, the president of said Wash ington-AIaska bank; and
 Whereas the said E. T. Barnette, party of the first par, desires to secure to the depositOrs of said bank payment in full in the way and manner and with the property as hereinafter set forth and de scribed of all deposits that may remain unpaid after the affairs of said bank shall have been wound up and the assets thereof realized upon and not later than the 18th day of November, 1914, together with interest on said deposits at the rate of per cent. per annum from the 4th day of January, 1911; and
 Whereas the said Isabelle Bar nette, party Cf the second part wife of the said F. T. Barnette party of the first part for the love and affection in which she holds her husband, desires to aid her said husband in making payment of the said depositors; and
 Whereas the said E. T. Barnette, first party, and the said Isabelle Barnet,e, second party, have agreed to and with the said w. A. Shinkle, as trustee aforesaid, the third par ty, that the said third party shall act as trustee for the depositors of said bank in the manner and fer the time as hereinafter more fully set forth; and
 Whereas, the said w. A. Shinkle, trustee, the third party, has agreed to act in the capacity of trustee aforesaid and to honestly and faith fully fulfill and perform the duties of the trust reposed in him;
 Now, therefore these presents witnesseth: That in consideration Of the premises and of the liability of E. I. Barnette to the depositors of said bank arising out of his con necton with said bank as president and director thereof, and for other good and valuable consideration, 1t is hereby agreed between the par ties hereto in manner following, that is to say, the said E. T. Bar nette. party of the first part, shall make and deliver unto the said w.. A. Shinkle, as trustee for all the depositors of the aforesaid Wash ington-Alaska bank, deeds of the following described lands and real estate. tO-Wit:
 That certain rural property de- nominated Canada del Tobaco, situ- tiago rlver, in the municipality and district of Santiago, IXcuinlta, and district of Topic, which has a sup erficial extension of 7,577 hectareas, Il aras and 70 centaras, there be- ing comprehended in this area 2S5 hectareas. 9 aras and 90 centaras, being the superficial area of the island called La Culebra," which formed part of the Hacienda de Navarrette, but which was separated from the same and incorporated into the Canada del Tobaco by reason of the change in the course of the Santiago river by strong flood