Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1927-06-24
HEAD FREED.
BY HELENA COURT.
SUPREME COURT BUSINESSES CASE
AGAINST j. T.. ARNOT
NASHUA BANKER

Title to Land and Building Used by Ent-
omology Department Confirmed by Su-
preme Court; N. p. Plan to Abandon
Track Disapproved
(By Our Helena Correspondent
Dismissal of charges against j. f..
trnot, growing out of the closing last
summer of the First State bank of
Nashua. OF which he was president.
was ordered by the Montana supreme
court recently. The court also ordered
a new trial for T.. p. Asal, cashier OF
the institution. These men, with A..
VI. sheldon of Minneapolis, vice presi-
dent, were charged shortly after the
Nashua bank n W. afhliated insti-
tutfons failed, with having made to
the state banking department a false
report OF the affairs OF the Nashua
bank.
Arnot and Asal were convicted and
given prison sentences from which they
appealed. A request for Sheldon's extra
clifton from Minnesota was not granted
and because OF his refusal to act, the
Minnesota governor drew a formal criti-
cism from he Montana house of rep
|Iesentatives In a statement to the press,
Governor Christensen replied that the
situation, at hat time, did not justify
eXtradition.
Oficers Were Indicted
The First State bank failed last year
with two affiliated institutions. Shortly
afterward, the grand jury of Valley coun-
" indicted the three officers on a charge
of having made a false report to the
state superintendent OF banking on the
condition OF the institution, December
81, 1928. Sheldon was not brought to
trial but Arnot and Asal were convicted,
the former sentenced to two to four
years in prison and the latter to one to
two years. From this conviction they
appealed.
They assert that it was common knowl-
edge that a bank statement cannot be
automatically correct. 1t has been the
custom. they explain, to permit banks to
take credit for remittances to a CORE
spondent institution on the day they are
made end 1t is the understanding Of the
beT department. they insist, that
part OF the credit shown on the state
ment is in transit. On this day they are
charged with showing a credit Of "a, 1876. 03
due from the First National bank, Min
neapolis. where there actually was an
overdraft Of $971. 10 there.
Mailed Deposits. Claim
They explain that two certificates Of
deposit, each for 5000. were mailed to
the Minneapolis bank December % for
credit under an arrangement with Shell
don Bros, Minneapolis. which thereto
fore had been honored by the Minneapo-
lis bank. They say they did not learn
for some time that the certificates OF
deposit were not honored but then made
the corrections on their books and it
was not until January 3, 1924, that they
learned OF a note given for the Nashua
bank to the Minneapolis bank by Shell
don, they assert. December 81, 1923,
there were remittances totalling So. 871 .26
cNfpr fcrurarI IN fhasv c~odtf IN fha N63r-
neapolis bank SC that the Nashua bank,
in any event, was entitled to a credit
there, they insist.
In the suit brought by O.. S. Warden.
w. j. Mulvaney and j. H. Rowe, as the
state highway commission, against Albert
Lalonde and 80 other defendants, to liti-
gate their claims to SO. 463 "a. owing to
some Of them for building a piece Of
highway In the northern part of the
state. 81 defendants have answered in
district court, denying and admitting
parts OF the complaint, declaring they
own the money named and denying that
any other of the defendants had any
right to it. Attorney for answering liti-
giants was W. r. Mcdonald, Browning.
Title Of E. v. Waddell to the land and
building now used as a field laboratory
by the state board OF entomology cut
formerly a schoolhouse In Ravalli county.
has been confirmed by the state supreme
court.
II 1893, the waddells decided to school
district No. 8, in Ravalli county, a site
for a school building. The transfer i'm
posed the condition that the property
was for the sole use of the school district,
and If not used for school purposes. re-
verted to its former owners. In 1921 dis
1900 NJ . -,a- .A~xr - lz-+-4@A NJ
ID, n the schoolhouse abandoned. 1t
then was leased to the bureau of health
as o field laboratory and the receipts
used for the benefit of the school. Wad-
dell demanded that the property revert
to him, asserting hat the conditions of
the deed had been broken. He won In
the district court and the school authori-
ties appealed.
Abandonment of a 19-mile line be-
tween Hyndman and Queen Tor Elkhorn)
siding, both in jefferson county, Mon
tana. by the Northern Pacific railroad
was decided unwtse and not in the pub
lie interest by the interstate commerce
commission q few days ago.
Although the railroad has lost about
S11 900 a year in operating the line, the
commission held the service was needed
and that mining production and agricul-
ture along the route was likely in the
near future to afford increased traffic.
The commission suggested that the
Great Northern rather than the North
ern Pacific is in a better position to op-
crate the branch. The two roads were
advised to consider a proposition tc
transfer ownership of the branch. Mean
time the Northern Pacific was directed to
maintain service.
Foals may be taught to eat at the age