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Show BAD TANGLE IN FAILED WALLACE BANK BO I SB, July 14. Angry and disappointed disappoint-ed depositors of tha Stat Bank of Com-rosrro Com-rosrro of Wallace. Ida. bitterly scored B. r. O'NelU forms r president of that Institution, which waa foreed to th wall by severs financial reverses, and Edgar 0. Wyman. Its cashier, at a mass meeting meet-ing held Saturday night In Wallace, charges of criminal liability for ths failure fail-ure of the hank against them being freely free-ly mads. Adam Autbach, an attorney, represent -tng a large number of depositors of the bank, mads the charge that there Is scarcely a loiter of the stats banking law that has not been broken by O'Nefl and his cashier; that they virtually opened the doors of their vaults to ths Leans Lumber company and shoveled th depositors' de-positors' money Into thst concern's hands. He also accused Receiver W. O. Pierce of covering up the real liability of ths officers of ths institution. Pierce's report shows the combined Indebtedness In-debtedness of O'Nstl and the Iane Lumber Lum-ber company to the bank as t?e.T40. O'Netl hss a persons 1 overdraft of $11,-tlf) $11,-tlf) and three notes totaling $61,644. Ths depositors appointed a committee to Investigate the bank's affslrs and bring criminal proceedlnge Is necessary. C. W. McCsndlees. representing directors direct-ors of ths defunct Carnegie Trust company. com-pany. In which O'Xell was Interested, Is now In Wallace making rn Investigation. |