The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-09-02

Together With K Wheeler A. f. Volum and Receiver NJ
L. Nelson and Paul Babcock to Meet Other Beiseke,
Creditors-F1ope to Work Out Settlement
MEET IN MINNEAPOLIS TUESDAY, SEPTEMBER {
Proceedings of the Board of County Commissioners Which
Met Tuesday Noon-Pass Resolution Authorizing Them
selves to Go to Minneapolis Beiseker Matter-and
Pass Number of Current Bills.

It seems that the settlement nego-
tiated between Sheridan county and
T. l.. Beiseker in June, relative to
the $235, 900 of the taxpayers money
deposited in the above institution at
the time of it's failure last December.
has blown up because Of Mr.. Beisek-
er's inability to induce the Minneapo-
lis Loan & Trust Company to under
take the trust and guarantee the pay
ment. That there had occurred a
fa!!!! !!!!=daown in the plans Of Mr.. Beis-
eker became apparent couple of
weeks ago, when the sixty days time
allowed to complete the terms Of the
contract had expired and notnl1ie had
heen done and. the Beiseker interests
asked for more time;
This request for t me, it is reported,
was followed by a confession OF the
inability to secure trust company TO
guarantee the trust and execute the
proper security to Sheridan county,
pursuant to the June agreement, and
| bv the submission of a modified plan,
predicated upon the opening up OF
| the Sheridan County State Bank, and
the taking by the county OF Certlh,
Gates of Deposit in the re-openeo
bank at the rate of interest provided
for in the June agreement, the Ger,
tiicates of deposit to be secured by
the personal signature of L. L. Be1s'
ATTORNEYS BECOME ACTIVE
By the end of last week it ap
peared to the attorneys representing
Sheridan. county that something hat
| to be done at once to protect the IN
lterest of the county, and Attorne.
lVollum wired Wheeler & Baldwin t.
that effect, and B. K. Wheeler LET
Lake McDonad Tuesday evening TO
Minneapolis, where Attorney Vollun
had already gone, to make a persona
: investigation of Mr.. Beiseker's act
vities and to meet with the numerou
|other creditors of T. L. Beiseker, i
order to formulate a plan OF proce
dure. and to complete a settlement
), possible.
! Acting under the advice of tn
y County's attorneys, the Board
! County Commissioners met luesda
! afternoon and passed resolutions d
= recting themselves to go to Mime;
: apolis, together with N. L. Nelso
). receiver Of the Sheridan County Sta
: Bank. to meet with the Beiseker cre'
itors and with Mr.. Beiseker's repr
lsentatives in order that some settl
; ment might be reached, if possibl
= protecting the interest Of the taxpa;
r ers of Sheridan county.
Paul Babcock, attorney for the +
II ceivers of the Sheridan County Sta
! Bank will also attend the meeting
) the Beiseker representatives and
Reiseker creditors which will be he
Il in Minnapolis next Tuesday. Wheel
,ms m and Vollum are already in Minneap
= lis and the County Commissioners a
In. {. Nelson will leave Sunday NOR
10 ing.
- Besides passing the above referr
cf to resolutions, the commissions
~ transacted other routine business, t
), minutes of which follow:
u MINUTES OF THE BOARD (
= COUNTY COMMISSIONERS
IS At 200 o'cock T. NJ, Tuesday, Al
d ust goth, 1921, the Board OF CouI
It. Commissioners met in special sessl
B. pursuant to call; all members 9
the Clerk present:
On motion, the following resolut
was adopted: -.
arl WHEREAS, Sheridan County, N.
,e- ttana. had on deposit In the Sherit
al County State Bank Of PlentyWo
re Montana, $27O, 100000, and said bs
as WAS closed as insolvent in Decemt
IN 1920. and has not yet been reopen
"a "a and the full sum of $235, 900 90 due
Sheridan County Montana, from s
bank remains unpaid and said b;
M fails upon demand to pay the san
nv WHEREAS, T. 1. Beiseker OF Z
le- sender, North Dakota. the PIesld res q
i'm lof said bank and main stockhol
en therein, has discussed the matter
ms settlement of the said 1885, ,OOe
M with said county and it appears
at the properties Of T. L. Beiseker
atl part at least, have been delivered g
ar Ia the Minnesota Loan and Il
hal Company Of. Minneapolis, Minnes
7ill as trustee, ana this Board is infoI1
fhatlvarious creditors residing in \