The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-07-05
ASKS EARLY EXTRA SESSION
OF THE LEGISLATURE
Attorney General Says State Bank
Probe Shows Grounds For
Removal of District
Judge Langan

iature De called TO remove from ONCE District /
Judge Frank p. Langan Of Virginia City and
Carson for "concealing from those who are
entitled to know the conditions" Of the State
Bank & Trust Company receivership, and
that Receiver Frank p. Wildes of the COM
pany after a final account Is rendered, shall
be discharged and the whole matter taken out
of court, Attorney General Thatcher filed
with Governor Oddie Monday morning at Car
son one OF the most severe and trenchant i'm
peachments Of a public official and his ap-
pointee that has probably ever been written
in this State.
To Remove Langan
The report would occupy ten columns Of a
newspaper If printed in full. The summary,
with which it concludes, offers the recon-
mendations of the Attorney-General, in ac-
cordsnce with the legislative act under which
the investigation and report were made by
him, and is as follows:
"If grounds for impeachment should not
exist against Judge Frank p. Langan, grounds
for his removal do exist, as shown by the fore
going record. and it is the duty Of the Legis-
l%ature, under the facts which can and will be
presented, to remove him.
Early Special Session Asked
"ln view of the fact that it will be neces-
sary that a special session of the Legislature
be called before the next election, we deem it
necessary that such special session be called
at as early a date as practicable in order that
the charges against Frank p. Langan may be
presented to the legislative body, and, If found
true, that he be removed from the Office of
District Judge of the First Judicial District
of the State of Nevada. We deem it right
and proper that the public should know what
we advised in the event of the removal of
Judge Langan, and, therefore, would recon-
mend.
Recommendation
THAT a competent. fearless and just Judge
be appointed to fill the vacancy caused by
the removal of Frank P. Langan. That the
receiver of the State Bank and Trust Com
pany, F. L. Wildes, be required to render a
full, true and correct account of his trust.
That be be held to a strict account for his
misfeasance and malfeasance in office, and
that the necessary legal steps be taken to en-
force the same. That in the event that the
Supreme Court should hold on the appeal
now before it, that the allowances made to F.
L. Wildes and to his attorneys are illegal for
failure to notify the State of such intended
application for allowances, that hearing be
had thereon, that reasonable allowance be
made. if found that any be due after misfeas-
ance, malfeasance and negligence be taken
into account.
Nominate Trustee f.
THAT a trustee be nominated by the deposit
tors and creditors to represent them. That
| the assets, franchises chosen in action Of every
kind and character be by the court ordered
sold, and that the same be purchased by such
trustee for and on behalf of the depositors
and creditors as provided by law in case of
insolvent corporations. That a new corpora
ton be. formed, which will take over and own
all of the assets remaining in the hands of the
receiver, the stockholders of such corporation
TO be the depositors and creditors. That the
business Of the corporation be carried on in
a businesslike manner by a board of directors
elected by the stockholders (depositors). That
the stock Of the corporation be distributed
among the stockholders in the property to the
amount Of their respective claims-for every
dollar of claim due any depositor or creditor
that he be issued a share OF stock of the par
value of one dollar.
Discharge Wildes
THAT F. L. Wildes, receiver. after a final
account be had, together with his attorneys,
be discharged, and that the whole matter be
taken out of court. We believe that by so
doing the depositors and creditors, who de-
sired to sell. will have in their stock some
thing of a marketable value and of ready sale.
That those who hold their stock, if the cor
~poration is properly managed, and the mines
and other property handled in a business-like
manner, will ultimately realize more than
could possibly be hoped for in carrying on the
estate in court under a receiver, and far more
than could be realized by a forced sale in any
other manner than the one above proposed,
and the depositors and creditors, acting as
stockholders of the corporation through their
board of directors, will have the right to
fix the compensation of the officers and EN-
ployes in the employ of the corporation, and
will not be burdened by extravagant and exorb-
liant receivers fees, attorney fees and costs.
The Bank Looted"
At the very outset the Attorney General
does not hesitate to say that Immediately
after the bank closed its doors the looting be-
gam" That the then State Treasurer and
the then Secretary of State were directly
interested is for the first time openly and
squarly stated. Says Thatcher, who was as
sisted by William Forman of counsel in draw
ing up the report:
Ryan, as State Treasurer. at the time held
certificates of deposits of the bank to the
amount of S29, 436. "a. w. G.. Douglas was at
the time indebted to the bank in the sum of
$11, 965. So, aud Frank L. Wildes, the present
receiver of the defunct bank, was indebted in
tho ann, of 90 277 OF AT this time and mn to /