Show IDAHO STATE STAT BANK IIAN COMMISSIONER PLAIT PATT k 1 CO COMS TO DEfENSE Of DEPUTY PIERCE i S S BOISE OISE Ida Oct The 11 The bank scandal l of Wallace Ida in which grave rave charges are re made by a grand rand jury a against some Kf of the most prominent financiers capitalists capital capital- lumber and mining men of this state stateS S in their connection with the defunct State Bank of 0 Commerce has attracted the at attention attention at- at of the state bank examiners examiner's department deS der de- de r S for Included in the list of men ment t indicted is is W. W O. O Pierce Pierce a deputy state tate bank commissioner commissioner It is claimed by bv state Bank Commissioner V. V W. W Platt that J Pierce is innocent of any wrongdoing wrongdoing wrong wrong- doing and the head of the state department depart- depart ment nent ent is open n in his defense of ot the Jeo- Jeo dept t fc uty The char charge e is the the result of an at- at f Jt by bv certain IndivIduals who were connected with the bonk bank to clear their J. J n OT skirts skirts' even at at- atthe the expense of an ani i i Innocent party and In short was vas orl k mated by certain parties or party who ho seeks bv by this means to avoid old the payment of directors directors' liabilities bold boldly boldly- b states tes Commissioner Platt fn In his defense of Deputy Pierce Plen-e. s i The statement that I did not reply to the wire from the sheriff at Wallace WaIlace I S. S Is false continued the commissioner 5 Upon receipt of his message e. I replied that Mr Pierce was aWa away on official lulles and as he was in a territory I where here the only means of communication was was by telephone and unfortunately the theline theS theline S line Une was out of repair at t the time he lie could not be reached I communicated with him as soon soar as Do possible Stirs Whole Stats The report that a bonding company 6 is made emphatic demands for mone money from fromI I- I Mr Pierce is 8 also untrue and misleading and Is only one of several misstatements No 10 company or corporation made request r or orr demand e for money nr in this aff affair i S No bank failure I in this state followed ed bv by indictments has lias stirred Idaho as has hasS S that of f f the State Bank of Commerce of Vallace Wallace Involving ol as It does Jes the names Of f prominent men including state off The following folio indictments were re returnEd returned returned re- re turned S William O. O Pierce former mer receiver and andS S deputy deput state hank bank commissioner char charged ed i s embezzlement of 1300 1500 S Patrick H. H Wall Tall of the Lane Lumber I compan also defunct charged ed with i S. S ing ng- ng a a. check in of a debt on a R I bank hank in which he had haci not sufficient funds or credit for the th payment B. B F F. ONeil O'Neil Edgar Edar S S. S Wyman G. G Scott Anderson John Eugene R R. Day Dav and Stan Stanley Stanle lev A A. Easton charged with receiving deposits in a bank with the knowledge that the Institution was as in In- In solvent solent Ediar r Wyman r John o II H. Nor u and et St Stanley A. A Easton r n charged wiO wi making k false reports concerning the financial condition and of a corporation August Paulsen G. G Scott Anderson Ewen McIntosh Harry Harr L. L Da Day B. B FOKE F. F OKE ONeil O'Neil and Eugene R. R Day Daj charged with concurring In the publishing of false re reports reports reports re- re ports concerning the financial condition and property P of a corporation or antle Pierce was appointed p Oi receiver r er of the bank by order of the court made shortly after the doors were closed Since then he has been acting as a deputy deput- state bank commissioner It was while he was acting as receiver that the alleged shortage shortage short short- age age occurred but hut it is stated that the bank was reimbursed ed He gave ave his personal per I check on the First National bank of Weiser Elser Ida in the sum of 1300 to I the State Bank of Commerce to balance his account The check cheek was protested for want of funds Pierce was notified and he lie immediately forwarded to those In charge of the Wallace Wallace Wal Wal- lace bank a a. check covering the amount drawn on the National Bank of the Republic Republic Re Re- public of Salt Lake This check was Vas likewise protested and returned 1 marked protested for the want of funds on August August August Au Au- gust 11 The bonding company made a demand for the mone money In cash and Pierce Is then said laid to have hae telegraphed it In full The directors with the exception of ONeil O'Neil and McIntosh furnished bonds In Inthe Inthe inthe the amount of each McIntosh Is Isnow Isnow isnow now In Florida said to be sick with consumption con con- No effort will be made ItIs it itIs itis Is said to bring him back to Idaho a ahe as ashe ashe he is charged on only I with ith a misdemeanor Cite Six False raise Reports Six false reports of the b banks bank's condition condition condition condi condi- tion prior to the time It failed are cited cHed It is charged the amount of the overdrafts overdrafts over over- drafts in each false statement was vas over over-I re reduced reduced reduced re- re and the figures Juggled and padded padded pad pad- I ded The reductions reduction range all the way from 50 to All overdrafts I I were represented as secured when it is alleged that In fact they were not se secured secured se- se cured at all Loans and arid discounts it is I charged were boosted as well as the re reserve reserve re- re serve sene and cash on hand The last statement state state- ment merit of the bank sped published March 7 i 1911 showed an overdraft of when the figure should have been Figures were dropped in the same manner manner manner man man- ner with the cash on hand Items discounts discounts dis dis- counts etc S I The counts ag against each ot the in indicted indicted in in- men range two to sixteen or two against 1 McIntosh osh and August Paulsen sixteen against fifteen if- if teen against Wyman man fourteen against ONeil OXell fourteen against Scott Anderson twelve against Harry I tj 1 Day and lon ton and eleven eleen against Eugene R. R Day Da- The fact came to light here today through a statement of Governor Go James H. H Hawley that the State Bank of Commerce Commerce Com Corn merce would not be operating and the would not have followed had it been for the Days who are worth millions owners and controllers of the rich tich and famous Hercules mine to hypothecate of the banks bank's sto stock k kh h hypothecated In Portland This stock was that of the banks bank's president B. B F T. ONeil Governor Hawley requested the theDas theDa's Lays Days to take lake the bank over o and negotiations were entered into but the stock l held eld as Sf security blocked the deal The institution was unable to open its doors and as a result depo depositors will receive but about 50 cents on the dollar doltar |