The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1921-03-10
TRIAL BEGUN TODAY
To UNSEAT JUDGE
CONTINUED from Page one)

dividend No. of 10 per cent, and
total dividend payments of $780,
1904 Pursuant to an order of the
court made February 10, 1915, the re-
ceiver filed report covering the
period from February Is, 1910, to
March 81, 1915, which report shows
that since the commencement of the
receivership up to the latter date the
total receipts were $530,621.47. and
the total disbursements were $685.
414.91, leaving cash on hand $2,206.56.
Said disbursements included total
dividend payments of $189,34616, on
dividends Nos. 1, and 3. Since said
report, no dividends have been de-
clared. From the best information
available, no report of any kind has
been demanded by or filed with the
court. But the receiver has, during
said period of six years, prepared
he states that the court has re-
quested that same be not filed. Dur
ing said period the cash ON hand has
grown from $2,206.56 in 1915, to
SS,42232, as shown by report for
quarter ending January l, 1921. At
that rate of progress, the receiver
should, some time about January 1,
1868, be able to pay the depositors
another dividend of per cent So
much for the high-lights.
Perhaps Mr.. Wildes as receiver has
not acted otherwise than would the
majority of human beings under
cimilar circumstances, with sense
enough mot to kill the goose that
lays the golden eggs" But, in the
opinion of your committee, little, If
any, benefit will accrue to the de-
positors from the critical inspection
of his past performances. Results
can most probably be OF aimed only
by closely following TIE recommen-
dations contained on p: es IL and 10
of the Thatcher repors. The passage
of an act which Win limit the re-
ceivers compensate, and doubtless
prompt his resign tion within the i'm
mediate future, Gs. in his own words,
the compensate suggested would not
pay for his slce-leather."
1t Is furthef suggested that said
act be introduced as an amendment
of section / Of an act entitled "An Act
regulating the compensation of re-
ceiyers of corporations in cases of
involuntary dissolution or liquida
tion," approved March 49, 1915
Status 1915, page SOD. In this con-
nection, it should be remembered that
the compensation fixed so far has
been $1,000 per month for the period
from May Is to July Is, 1908, and,
by order of March 7, 1913, $4,000 per
year from July IS, 1908, to March Is.
1910, and $4,000 per year from March
Is, 1910, to August l, 1912.
While, at first thought, it might APP
pear that recommendations made in
1918 would not be applicable to q
situation in 1921, your committee feels
that, when the progress of the re-
ownership within the past six years
is taken into consideration, such
gross misconduct now, even more so
than in 1913, demands the removal of
the presiding officer of that court in
which the rights of the depositors
of the State Bank and Trust Company
have been so shamefully neglected
In this connection you are urged to
carefully read the Thatcher report,
particularly pages IA to II, contain
ing matter leading up to the recon-
mendations above referred to on
pages Is and 10.
If the legislature should agree with
the unanimous opinion of your COM
mittee to the effect that complaint
for removal should be filed and acted
upon during this session, the attor-
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