The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-09-25
HANNA REFUSES
RECEIVERSHIP;;.
OTHERS NAMED
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Judge Cooley Appointed M. G.
Bachelor of Grand Forks
1 and L. r. Baird of Dickinson
WILL ACT JOINTLY Y
Former Governor Hanna Un.
able to Take Over Duty of
Handling Bank Affairs

Following the decNnation Dy 1or-
mer Governor l.. B. Hanna Of the ap-
pointment as general receiver of all
closed banks in the state, Judge c.
M. Cooley today appointed M. e.
Bacheller of Grand Forks and l.. n.
Baird Of Dickinson to be joint re-
ceivers of the closed banks.
The appointment Of Mr.. Bachelor
and Mr.. Baird followed few hours
after the court had received q let
ter from Mr.. Hanna stating ne
was unable to serve, and after con-
ference with the members Of the su-
preme court Judge Cooley announced
the new appointments shortly after
noon today.
Mr.. Bacheller Is connected with the
Northwestern Trust company OF
Grand Forks and has been active in
civic affairs of that city. Mr.. Baird
is a Dickinson banker, major in the
National Guard and member OF the
North Dakota State Senate.
1t is understood Mr.. Bacheller and
Mr.. Bard will accept the appoint
ments. Judge Cooley stated that
there WIS no division Of work as
Signed to the two men, this being
left tr them. They are named as
jointly exercising power.
Judge Cooley has taken no action
as yet upon the petition filed by At
torney General Shafer in which he
asked that 63 banks be declared in
solvent and receivers named, other
than disposing Of demurrers in some
cases. According to Attorney Gen
eral Shafer many of the banks named
in the petition have defaulted in an
swer and will not contest proceed
ings. Time for answer by several
banks named in q second petition oi
Mr.. Shafer has not expired.
The newly appointed receivers will
replace present bank receivers. Mr.
Hanna declined the appointment al
general receiver because Of tn
pressure Of otherIbusiness, particu'
larly because he now Is managing
several estates and feels that j
would not be fair to those asking
him to do this to turn to another
task.
Unable To Take Place
Mr.. Hanna's letter follows: az
Hon. Chas. M. CooleA tae
Judge of the First Judicial District
Bismarck, North Dakota.
My dear Judge Cooley:
hereby acknowledge receipt o
your order appointing me Receive
for the closed State banks in Nortl
Dakota, and my understanding i
that this appointment is in conform
ity to and with the wishes Of tn
Supreme Court Of our State.
I wish to express to you and T.
our Supreme Court Justices my ap
>preciation for the confidence whicl
ou and they have expressed by ten
dering to me this appointment.
It is with regret that feel tn
necessity Of declining the appoint
nent for if I were to accept the ap
pointment, in justice to you and t
our Supreme Court, I would need t
give the Receivership my undivide
time and attention in order to secur
results for those who are the credi
tors of the banks, and with all o
the work and worry connected wit
the proposition, in view Of the fac
that the closed banks are SO widel
scattered, and that, the claims du
the banks run into 50 many thou
sands, I feel that would not b
justified in undertaking q work s
arduous, and fear my health woul
not permit me to take hold Of 3
large an undertaking.
Further, for many years hav
had, and have now, charge Of man
Estates, and investments for othe
people, and cannot in justice to thel
in these times neglect or refuse I
continue to care for their business
As stated, regret. to decline tn
appointment. but II you and tn
Members Of the Supreme Court an
s, the Receiver, or Receivers, whom yo
.fmay appoint, shall wish, i will
pleased in an unofficial. way to rel
der to the Receiver, Or Receiver
every assistance that lies within m
power to help him, Or them, in tn
organization Of their work, and wi
De glad to do this O. . matter {
public service and because Of my d.
sire and wish to cooperate with Il
Courts Of North Dakota,
Again expressing TO You my appr
citation h for offering me ths Receive
Yours very truly,
+. B. HANNA.
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