The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1913-11-14
PERTINENT news OF
STATE With OUR
own Comment
Depositors of Nampa Bank Or
ganize Protective AS
ISOLATION.
BANK REALTY TAXABLE
Gooding Replies to Senator Brady
Says he VIII Tell Truth-Press Fa-
vors Pardon of Barney O'NeiL
Scarcity of Cars is due to Fight
Among Railroads over Traffic.

VOI8 x&IQOu Oh barney ~ INCL"
Scarcity of Cars is due to Fight
Among Railroads over Traffic.
The depositors of the Bank of Mann
pa have organized the Protective As
ISOLATION of the Depositors OF the
Bank of Nampa. AS the name indi-
Gates the association is organized tor
the purpose of protecting the interests
of the depositors of the bank. The
association has appointed an execu-
tive committee consisting of M. N.
Baker, chairman; w. c. Frazier, Sec
retary-treasurer; and L. Foster. 1t
has also levied an assessment of one
half of one per cent Of the deposits in
the bank on all depositors in order to
defray the expenses of the association.
The first matter that will claim the
attention of the association will be the
petition filed in the district court ask
ing that the states claim of 81, 500 be
declared a preferred claim and paid
out of the first money coming to the
receiver of the bank. In case this is
done the depositors will receive no
portion OF this 81, 500 and they will
lose to that extent. OF course the de-
positors do not want the settle
ment of the affairs of the bank to take
this course and they will fight it bitter
ly.
At the present time there is no way
of telling what the depositors OF the
bank will realize. Receiver Small
wood is doing all in his power to
straighten out the affairs of the bank.
1t will be some time however before
he will be able to pay dividends.
The action of State Treasurer AL
len in depositing state funds illegally,
beyond the amount authorized by the
bonds, is meeting with criticism. This
criticism Is all the more bitter be-
cause of the rumor that the state
treasurer had borrowed money at the
bank. If it proves true that the state
treasurer was heavy debtor to this
bank it indicates bad condition OF
affairs. In the seven or eight state
bank failures which have occurred in
Idaho during the past few years q
state officer has been "a borrower In
every one of them.
Realty Exemptions are Limited.
Bank real estate exemptions from
taxes are limited according to an opin.
ion recently given by Attorney Gen
eral Peterson. In replying to w. H
Wyatt, assessor of Nez Perez county
Attorney General Peterson says tina
the only safe and legal rule for as
sessors to follow in assessing banl
stock is to assess it at its full casl
value and to deduct as an exemption
the value of such real estate as is uses
for a banking house, or such real es
tate as a bank would purchase. for
building site to be used in the future
such exemptions however, are not t.
exceed 500 of the total capital stool
and surplus of said bank. He contin
ues:
while banks, of course, are au
thorized to realize upon their secur
tiles, and to acquire real estate in thi
manner, yet they can only hold it TO
4 limited time, and the law does no
contemplate the investment OF tn
bank funds of capital stock in rea
estate as a part of the banking bust
ness. but limits the amount of rea
estate that may be purchased by tn
bank to 500 of its capital stock an
surplus, and that purchase would b
, for the use of the banking house. Thi
would include, however, building !
which portions of it could be rente
as 4 source of income for the bank.
1.-THE fact that 4 bank acquires re;
estate in payment Of q debt or fort
closure Of q mortgage will be alrno'
conclusive evidence that 1t was secu
cd by depository money because
q general rule the deposits of bar
are always much in excess Of the cap
tai stock OF q bank, and the deposit
of . bank are used in making loan
and it would be practically inpossib
for q bank to show how its capt.
stock 10 invested in such real esta
90 acquired, so that there can arise Z
conditions upon which the latter pa
Of section l73 can apply, and such LEI
islation becomes meaningless whit
attempted to be applied to actual CO.
ditions."
0ooding Replies to Brady. y
Governor Cooding has no intentie
OF being diverted from his purpose
show up political conditions in Il
{ State Of Idaho and in the Republic;
party, Senator Brady gave out an !
{eyview, the principal part Of whi'
appeared In the last issue OF The u
buns, deploring the fact that N
0oodlng was entering upon z INT
slinging campaign. The Senat
stated that he would not engage
such methods, AZ The Tribune pu
llshed the announcement OF Govern
Gooding and the statement OF Senat
Brady simple Justice to our reade
warrants the publication of Govern
Il Gooding's second statement. We G
pect to give publicity to the statmen
E Interviews and announcements
/ other candidates a. they are made. v
(Continued on page 6ve.)