The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-12-24

money lac had an deposit In the HOl-
brook bank, and for which this bank
and it, officers lad mt the most re-
motc responsibility. There l. no doubt
whatever that hnd We been willing "a
submit tn Puiucy's demand thnt We
pay him this money, hts activities In
connection with this IIolbrook bank
fnilurc would lave ceased.
we Will un doubt be subjected 10
further attacks from the Albuquerque
Morning journal which Is under
putney's influence We will ask the
public. az those attacks proceed. to
have in mind the facts concerning
this institution md the motives which
are behind these attacks We will
not submit To l,ackmail In any form,
nor will We be- intim1tcd by threats
or Influenced " hypocracy For 40
years this bank has stood us the ~
runcial bulwbrk of this city and SUR
rounding region. During al of that
time its affairs have boon guided by
the highest standards of business
honor and financial morality Under
| the Influence pf those standards the
bank has grove stct MY from year
to year until ID stands today as tho
strongest financial institution In our
state.
During the course uf the fight be-
| Ing wuscd against this bank by Put
ucy and Mage We have remained
silent and patient. urm In our knowi-
edge OF the riglt of oar position. We
shall continue Co sustain that position
/ but we Will up longer remain silent
under attach OF this kind. IL Il -
| necessary for ~ to undergo a contest
| involving "a trial as 10 financial
strength and business integrity be-
tween the First National bank AMI
these people W. will no longer go out
| OF the way tu vvoid H. This bank
viii defend itself at every point aud
| IT, officers Will dcfcnd themselves a.
| individuals We will emerge from
| the situation completely justified ~
every action wo have taken or may
| find II necessary to take from the
beginning Of this ilolbrook bank In
/ ctdont to IT, conclusion
CIVIL SUIT SEEKS no
RECOVER s5i,Os7.tl
In the suit MED this morning by
| Reid, Herycy and ldcn az Attorney
| for jesse HulCtt ana Il. T.. putnoy.
receivers ot llolbrook State bank, VS.
| First National bank of Albuquerque,
IL complaint of 81 typewrittcn pages
sets up sixteen alleged causes OF lc-
tlnn Tor the recovery ut tht,OA1.ll I,
fifteen Of which are based on notes
| OF the liolhroOk state bank alleged
TO have been discounted by the First
National bank and which the com
piaint alleges were charged 10y tho lat
ter against the account Of the hol-
brook bank ON deposit with 10, the
| complaint alleging that the First Nn.
tiunnl knew the notes To he worthless
and uncollcctuhle and thus made Z,
and uncollcctihlc" and thus made IT.
SELF O. preferred creditor OF the Ari,
konu bank
The nrt part of the complaint al,
leges that the purchase of the Hul,
brook State bank IN 1915 was by the
, First National bank, and that u latei
cold the stock 10 l., NJ. Ruynolds. the
complaint alleging In effect that tn,
First National continued to bc IN,
owner Of the bank, through Reynolds
and is therefore responsible for itl
| Obligation
The complaint shows that J NJ Ray
! nolds resigned as president OF the Hol
brook bank In 1917. when his con
? nocrop with The bank ceased