Pine Bluff daily graphic., 1914-12-08
PUGH IS ENTITLED
 ID FEE 0F S25OO Commissioner Davis Re spends to Protests of Bank
 of Pine Bluff fl Creditors. SERVICE WORTH THAT
SERVICE WORTH THAT
State Examiner Declares That None Of the Items 0f Expense Is Excess siye, and Shows Purpose for
 Which Money Iy Spent.

That the proposed fee of $2,a00. to be paid Special Deputy Banking Com missioner Pugh as partial payment for his services as liquidating agent of the Bank of Pine Bluff is mot eX- cessive or out of proportion" to the
 services he is rendering, and that
 none of the other items of expenses
 is, unreasonable, are declarations
 contained in responses filed by State
 Banking Commissioner John M. Davis
 to protests against allowance of. the
 items filed by Harry B. Curtis and
 several other creditors of the Bank
 Of Pine Bluff.
 Concerning the proposed partial
 payment to MT. Pugh, the response or the state banking commissioner, filed
 by Attorneys Brodges & Woodbridge,
 states that Mir. Pugh is giving prac- tically all of his time to the banks affairs: that he is in charge of the
 J. w. Sanders mill, acquired by him
 for the bank and which is liquidating
 it's indebtedness at the rate of $5,000
 month, and is also in charge of the Clear Lake Farming company and the Hearndale, both of which he is operating for the benefit of the bank; l that he is collecting all rents due l the bank on real estate. and is also
 making other collections. The re- sponse says that considering the re- responsibilities and duties of the spe-
 cial examire-c, S2,5C0 is not unreason-
 able as a partial payment of his ser vices.
 | Relative to other items of expense
 to which protest has been made, she
 state commissioner says the expenses
 incurred during the four months the
 bank has been in charge of the state l department are not unreasonable, nor do they exceed the cost of operation | while the institution was doing a gen.
 eral banking business. He says the l records of the bank show that for the
 same period of time, while the off i cers of the bank were in charge, the expenses were $10.000 Taking up 1 in detail the items protested, the state commissioner affirms: That the salary paid Ronald Helvie is the same as paid him by the bank; that the $60 paid a stenographer is the
 same as paid by the bank; that the 1 $50 paid Frank A. Miner is not un- reasonable. and is less than has been offered him since he has been em- ployed by the commissioner: that the S5 week paid the porter is half of the amount paid him by the bank the explanation being made that tenants on the second and third floors of the building contracted for ianitor ser vice and half the wages of the. porter is charged to that account. The items l for light and water and street lighting also include service for the tenants of
 the bsnk building, the commissioner | affirming that the water consumption | has been reduced hy the repair of "a pipe. the leakage being discovered by | the special examiner. Relative to l the personal expense account of the special examiner and telegraph and 1 telephone tolls. the response de clares that these were incurred in roneetion with the administration of
 the banks business and shoul9 be al- 1 lowed The sum naid for tho repair of an auto was also for the benefit l of the bank. the commissioner say.
 paired and placed in use, the special