Salt Lake Telegram | 1932-06-14 | Page 1 | 2 Lawyers Ousted for Bank Fight

Ii 2 LAWYERS I OUSTED FOR BANK FIGHT I Purported Part In Move to Remove Leggat Brings Action by Hadlock COMMISSIONER IS SILENT Men Were Attorneys fo for Closed Institutions B Because of or their purported part parl In Ina a fight to oust Joseph N. N Leggat as bank examiner of the Farmers' Farmers Merchants' Merchants bank of Provo which closed its doors on January 16 A A. B D. Morgan and J. J W. W Robinson Provo attorneys attorneys attorneys at at- Tuesday were summarily dismissed as ns attorneys for two closed banks by State Bank Commissioner Walter H. H Hadlock Mr Leggat submitted his resignation tion Ion as examiner of the Provo Pro bank Monda Monday and the dismissal of ot Mr M. Morgan Morgan Mor Mor- gan gan and Mr Robinson followed Tues Tues- day Mr Morgan was attorney for lor the Bank of American Fork and Mr Robinson Rob Rob- inson was attorney for State Bank of Payson Both institutions arc are in inthe inthe inthe the hands of the state banking department de de- de The letters mailed to both attorneys Tuesday follow SERVICES DISMISSED Dear Sir Your fight on this department making employment therein inconsistent inconsistent incon incon- with that mutual confidence which should exist your services and employment arc hereby terminated with the D Bonk Bank n of ot American Fork and the State Bank of Payson effective June 15 1932 Si Sinned Signed ned WALTER H. H HADLOCK State Slate Bank Dank Commissioner Mr Hadlock declined to comment on the dismissals and said he had not nol yet vet selected the successors to the at at- s. torneS In addition to leading the fight to oust Mr Leggat as examiner of the defunct Provo bank Mr Morgan and Mr Robinson also participated in the court ourt fight to have two petitions filed by the banking department in connection connection con con- w with lh the affairs of or the closed dosed bank sank denied LEVY WAS SAS ASKED The petitions sought permission to levy evy a stockholders' stockholders assessment and to notify creditors to file me claims Mr Leggat in announcing his res res- as examiner of the Provo bank made the following statement For some time past I have been contemplating resigning from this sort of work and returning to the practice of ol Jaw law Mr Hadlock has known m mj my desires in this matter malter but It Jt has been both oth his wish and mine that I remain here until our recent hearing was over The work In fn the matter of the liquidation of or banks has necessitated my being away from my famil family as well as my practice and now that the he local court has sustained us in our hearing I wish at this time to have lave my resignation accepted effective tive li ive on June 15 and to return to my homeI home lomeI lome I s shall be very happy happ to remain as long as it is necessary for my sue suc cessor who has not yet been named to o accustom himself to this work have lave made many friends in Provo and have lave enjoyed my work here immensely immense- immense ly y but I feel at this time that my ray famil family needs me and I need it John A. A Malia president of ol the First National bank of Park City has las been named examiner In charge charee of f the Farmers and Merchants bank Continued on Pure PAre Three D I S t 2 LAWYERS OUSTED FOR BANK FIGHT Continued From PAil Page One at Provo Walter H. H Hadlock Hadock state slate bank commissioner announces Mr Malia succeeds John N N. Leggat Lecat resigned re re- signed Mr Leggat will continue his duties as examiner in charge of or the Sugar bank in Salt Lake and of the State Bank of Payson according to an an announcement announcement announcement an- an made by Commissioner Hadlock Hadock Tuesday Mr Malia MaJia was formerly cashier of I I Ithe the National Copper bank of Salt Lake He also has held positions of trust in m Nevada banks