The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-09-03
CASHIER LOSES DEPOSITORS':a..ss:.
MONEY PLAYING THE MARKET
Continued from page One)

During his spare time at the county
Jail Goodyer is busy with a pencil and
scratch pad figuring. He referred
several times to sheets covered with
figures, attempting to refresh his
memory regarding deposits, cash on
hand, bonds and savings accounts at
the little bank. This morning he
had reduced his estimate of the short
age from the 100000 which he es-
timated when arrested to $4,000. The
state bank examiners had located
about ST, 900 of the amount before
his being taken into custody.
Coupons Intact
"If had S25, 900 in cash right nov"
he declared, 81 could go right down
there and pay out dollar for dollar. l
estimate that my deposits we're $210,-
600. There's something like $33, 900
in government securities from which
/ have not clipped the coupons for
some months and these bonds are now
than their face value. Take that
Bonneville apartment deal l made re-
Gently. for example / bought the
option on the building at $4,000 and
there's an offer out now of $20,OOO
L.
900 on that deal.
"Now that l think OF it another fact
that shows that the story about my
planting the money is fabrication
is the fact that the Helena Ice com
panv, which is being managed by my
wife, lost more than $4,7OO IN the
bank, while the Electric apartments,
which I have managed with Mrs.
Goodver, had something like $4,000 on
deposit. If I was planting money l
wouldn't take it out of one pocket
and put it into another.
81 have been told that Scott de-
stroved the books of the brokerage
house about two weeks ago. If that
is the case and he can net show the
dates and accounts of the losses and
explain where the money went that |
took out of the bank, then I'll SIM
ply have to suffer the consequences
I'm a victim Of circumstances. l had
hoped that these books could be pro-
duced. He surely must remember
those big losses because mine were
the only outstanding losses at that
time, l dropped the money on wheat
about the time a fellow in Townsend
Assets of the Farmers and Mechan-
les State bank were increased this
morning by the discovery Of about
81 900 in unclipped interest coupons
on bonds deposited with the state
treasurer to secure state deposits. On
the other hand it was discovered that
state warrants which formed part
of the security, while good for their
face value and for a years interest
at percent, were called by the state
treasurer last May. They have not
been bearing interest since that time.
Attention of the bank was called to
the situation at that time by Deputy
State Treasurer James w. Rogers,
when he suggested an exchange. The
amount lost through failure to ex-
change the called warrants for new
paper amounts to about $35.
According to State Bank Examiner
Jay G. Larson the examination of the
books of the bank will not be complet-
ed before Saturday night at the earli-
est.
Mysterious disappearance of two
pages of the loose leaf ledger of the
4, Scott brokerage company, supposedly
carrying the record of the Goodyel
| account, which according to Mr.. Good
yer was carried in the name of his
wife, "Mrs. Elsie Abrahamson Good
yer" continues to puzzle those inter
ested in the financial mess today. The
fact that the pages were missing was
discovered when the books were taker
to the offices of the state auditor fol
examination. Because of these pages
being short and further because of the
auditors office having so legal au-
thOrity to check the books, the credi
tors committee was advised to en-
yloy a certified public accountant. The
books were then turned over to Hugh
D. Galusha and the audit of the fig.
ures were made by Hal Higgins Scott
subsequently referred the missing
sheets to the ledger, At the meeting
of creditors the account of al. H
Campbell" which was blamed in large
part for the failure continued to be {
matter cf speculation. His identity
and whereabouts have not yet beer
learned, they asserted.
Although advised by her attorney
! that she is legally entitled to hold the
option, Mrs. Elsie Goodyer today
turned over to the bank depositors the
option en- the Bonneville apartments
It was bought at a purchase price Of
$4,000, the option expiring Septem
Der 1, and, according to an offer re
Gently made, it can be transferred a
profit of $4,000. Mrs. Goodyer as
serts that it was her money that wa!
used in making the deal.