The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-05-20

I to ReCCV0i 1sAN11y ,-A'...@ee -
the Bringing of Wrong Do
.,.rs, meeting was held in the
.,.s,;rg ua, rooms Of the State Bank OF
Dsnars b. annat,ssood. Pleatywood, Montana, on
Henssa ~ "vO evening, May ID, 1921: This
SaMm' .;,s was called by County Treas.
neeuH Olson, for the purpose of
tnarrmulating nra plans for the dlstrlnu- d o.
l;aa lesaf af County Funds and for the
luon n,.se - Of getting together on Ger
pup. nroLlenas in connection With
|coaass %hs meeting was called to order by
= i1' ! (9Ison and the roll call showed
=. .sst = the cashiers Of the following
hanks ss were present:
D1ra r;t;zers State Bank Of Antelope
T;r Trst National Bank of Antelope. .gs
r;t;1en rtSa State Bank of Dooley
.r,n Earmers State Bank Of Medicine
ldHH E,.et State Bank Of Medicine Lake
Security State Bank of Outlook
P;Ia State Bank Of Plentywood
Sfate Bank of Plentywood
E;,. E;rst National Bank Of PlentyWood
Fira National Bank of Reserve
state Bank Of Redstone
FARMERS State Bank of Westby
F;rst National Bank of Westby
The following banks we're not rep
resented
Sate Bank of Homestead
FIRST National Bank Of Raymond
Mr.. Olson explained to the bank
ew the purpose Of the meeting and
called their attention to the fact that
treat amount. Of complaining had
come to him from different sources in
regard to the distribution Of the
funds Of Sheridan county, the bank
srs themselves being mostly respon-
sible for the complaints and asked
them what suggestion they had to
make as to a workable method where
Sby the County funds could he dis
tnbuted without distressing some OF
the banks. Suggestions were made
pro and cen, one being that q conn
mittee Of five bankers be appointed te
look after this matter and find out
what the bankers were prepared for
Reports were next submitted showing
the correct distribution in case al
County funds We're available ane
I showing exactly what each banl
Wsuld be entitled to, and also what
funds were available for distributor
at the present time and it was shown
that the entire amount Of count,
funds On May 1st We're as follows:
County Bond Sinking
Fund d...-...i-.--.---......SI91, ,566.5-
County Current Funds 257, ,143.9'
District School funds 73,397.7'
Other Trust and Agency
funds l0,27t.3'
$3.50, ,ss4.5'
# the above amount could be dis
tnbuted according to the amount @
capital stock, each bank with
&O,OO000 capital, would be entitle!
to S2S,400, and banks with S25, ,OOO.O
would va be entitled to approximate
So,5OO.OO, exceptions to the abov
0elng the State Bank of Outlook
Which would be entitled to twice tn
amount Of the first named amount
having $4,000 capital; and the Firs
National Bank Of Plentywood wsul
Oe entitled to twice the amount show
aooSe as the proper amount for
uaak with capital of $25, ,O00.0O i
having S50,000.00 capital. Howeve
49, ss the {. fact remains not all Of th
soSS3S4.53 are available for distr
Out'on because s235, 100000 Of thu
amount is tied up in the Sherida
SsaoNuanty State Bank, leaving onl
~ S%zso,SS4.53 available for Distribution
me proper apportionment of the la
Nl ngure would entitle each ban
WIN s2O,000.00 capital to $15,875.f
sno s1a dls those with a SEE, 100000 capital
Sss,oi5W with the exceptions Of Il
suseIoIlty State Bank of Outlook an
% Me FIRST National Bank Of Plent,
/ WOO as shown above.
IMPORTS showing schedule Of II
ss ySst years was also submitted whit
suos suoW that the approximate expend
ss;ss .siss mat may be expected above r
0S 0pss between May 1st, 1921 AZ
M MTs;ooer lst, 1921, was $137, ,OOO.0
~ MN ~ would leave in all County BAN
M an oN voctober 1st approximately $161
moV. .uW which does not include q
Poley Pssey in the Sheridan County Sta
Il rsk, ~, thus showing that at the q
Ma = september saa Of this year, each ba1
wv IN s2O,0W.oO stock, f the mon
: ~ soe evenly oa distributed, would ha'
SNo9 Of the County money & q
hss. se " With $4,000 capital won
sbosS s Sle,560.e0 The reports furth
bred banrree that there were only Il
fh.a .s y N, ! the County which had le
y - 10000 on May IA, 1921.
our11sf 1sf these reports had been thu
Ey y 8 explained, the bankers ask
R,;.ss.ol ssollum and County Attorn
ths;ea Il S; who were present, VI
a'0ahen was in ara to |