The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-04-09
IN TIE

.,-r RECEIVERS are a type of
d. rows who have become very
eafilOn IN Montana during the past
con,n've COM Years. They usually disapate
igul i. oyer their predecessors. the
Ehd' .es left of the assets of the
hs oallhs'' They make the job of
0dllh5; 5;uo nm" a bank last 10 years
,IiDg li,u,' which they live on the fat OF
~ land and the money Of the un.
l.hs.l1ote lhs 'a,, depOsitOrs. Very many of
u. lg.a - are not satisfied with their
'iig" - hat indulge in various forms
sSi1-.f rrsft such as selling property of
y .'oss5 banks cheap and taking a
80 '-,T1ission from the buyer. As there
tO-, ar vavs Of choking a cat without
". ..a- gso of butter there are also
=, nv ways of lOOting the assets of
.csed hank without letting the
anIlic know. Some receivers ply
- trade so successfully, that they
4ov evidences Of wealth in a few
montbs after receiving their ap-
ointment. / have in mind one Re-
ssiyer who was a struggling hard
~are clerk when he was put in
,5sroe of a closed bank but in a few
~onths he swanked thru the cOun-
nv n a brand new Hudson super-six
scme dav the readers of this col
rmp viii learn the story of how he
,ropired his sudden riches and then
.omething will happen to a lot of
pillars Of respectability in short
tine.
DESPITE the fact that most bank
receivers are Of the same species
Of the burglar family as their pre-
decessOrs behind the wickets many
dosed banks are paying dividends of
from ten to thirty per cent in diff
ierat parts Of Montana this year.
The story Of the Banking Corpora
ton of Montana, published in this is
sue Of the News is a case in point.
This may be due to the honesty Of
the Receiver but / think the depOs-
TORS in Helena are now mighty glad
they appointed a depOsitOrs' COM
mittee when this institution first
closed its doors Frank Edwards
vas chairman Of the FIRST Deposit
0rs Committee and most of the de-
pOsit0rs will cOncede that, due to the
way he looked after things at the
start much skulduggery was elm
mated and the receiver was helped
in his effort to be honest. The de-
pOsitOrs in the closed banks in Sheri-
dan county seem to be the most un-
fortunate individuals in the state.
In most instances the Receivers
IN this county haven't given them a
pleasant look much less a dividend.
Maybe it would not be out of place
tor q DepOsitOrs' Committee to look
nto some of the affairs of the
various banks here. In the short
llme Mr. Fred lbsen has been Re-
eeVer he has collected a lot of
money He got over $4,000 in one
maui for q bank building. Mr.. Ibsen
s0ad O6llge a curious public bv
telling them where he keeps this
money and what he intends to do
WIN It. If Mr.. Ibsen finds it diff
TuI TO follow the example of other
heceNers in Montana who are de-
oanng dividends and giving hack
70 me depOsitOrs some of the money
aOlen from them, perhaps Deposit
g.1 M committee would help him. A
Ie II.ue dividend now would helD MANY
nara up people, who could use the
money as well as Mr.. Ibsen. We
% not wish to cast any reflections
N me integrity Of Mr.. Ibsen but we
sg'ure the opinion that the nubIiC
S.5'es Ss.ng'es that too much money in the
aau9s Of receivers is not necessary
ueslra6le and that a little "diviC
~ ~ Up Of their own money amongst
n iD' uSpOsltors Of closed banks is now
sAAiBBITS IN STRAW HATS IS a
R..I FRsaqli1e 4. Of an editorial in the On
taHa GiIA Pioneer Press which reads AZ
,. Great Falls is maintaining Is
gsu's.lon Mutation as the siIliest town n
Aultdna- II ho- . IL