Show I rm REE ff r TRIAL Al BECOMING MIN Y r r f r I of Receiver nation B Brings angs Out Sharp Objections bv by coun counsel for or tho thoi objection p j rp cl claimed aimed d to o be lie beof t what they t I of counsel for 01 the put tt on t Genes for or the witness testify t tlC u to tl tb Hie Ike defend r tr rejoinder cr b by enlivened ened the proceed proceed- i I a CI jit John K i. Tobin and andin f Judge b eore t Ir in the trial of tit John nods nods' J f defunct of tho the Pr iJ nt o former honk ank w is charged lI w with th i Is Insolvent In- In n- n In III an t IT dtP deposits I n The controversy er came In then thee the theon of ot e Stephen II 11 Lynch retti re- re on n the b bof bank who ho for or several sc tor or r tt r has bis occupied the stand and tad has dl da value of or the assets a the M u i to closed ie bank yank when hon It Jt was wad ht bed Di br the loll S 1918 QUESTIONED ON NOTE fh e objection dro arose e when Samuel P for or the defendant aCt after er Klic J attorney If Ie Lynch ch knew the maker of or ih the thew w under r di discussion and rind nd receiving an w lout SIr I tt In t the n negative naked n kd if Ir th thi the know that the maker si i t eJ ess did not nol lit of t the note It was aa a s successful business 1 w man man and was In fact act a n wealthy man mall I I In sustaining the objection of oC the state that than ling King was putting words Into the thc I mouth in order to get gel before the Jury Jur facts which he had already I said eald he knew nothing about th the court declared that he would ha have sustained other objections on on that or order er during the entire course cOUIse of th the inquiry during during dur dur- ing IllS the past two da days 8 EMPHATIC ANSWER I King III rejoined emphatically saying that he was merely trying to ascertain Just what means Lynch had employed I and how far ar he had gone gont in trying to toa a ascertain the tru true worth of the securities securities ties held bv hy the bank hank or In ascertaining ascertain ascertain- I In ing the financial standing of or the makers of oC the notes Lynch declared I that ha t he hI had hart not said t that h t some of or th these the the- j set se- unties untie were Here ert worthless hut but had hail fixed their value Rlue on their ha based e on his own efforts to collect them and those of pC his attorney Chief interest during luring the mornings morning's se session slon was aroused b by the discussion of oC the affairs of or the Utah Packing and Provision Pro company which at the time the bank closed owed the bank approximately The bank held at that tithe time 57 OO of or preferred stock of or the packing company om pan of or which John Pingree president of or th the bank was also president nn and George GeorgeE K g. I Ford ord also an official of or the bank was secretary Counsel for the defense defense de de- de- de Cense presented a a. statement that Pingree Pingree Pin Pin- gree re and Ford had been made officers oUt utU- cers of the packing company compan in order to protect the banks bank's interest NOT TOTAL LOSS Receiver L L. Ly testified that ho he did lid not consider l r the obligations of or the c company to h the hank bank a total loss id- id I He lie said that he had Is visited ted the pan plant of the company compan and knew that it was doln doing business s. s He lie said that he he had I placed a tentative valuation of upon the property and that If the i company om pan sold for Cor that figure the I bank hank could probably get et out from under un- un unI under un un- I der tier in good shape He admitted that he be had heard that negotiations were pending for tor the purchase of oC the property property prop prop- I erty crt b. b by F E. E Slater and had heard hearda a figure l ure named of DC Among other matters taken up to today today to- to I day was a note not for of or the Utah Publicity company signed b by James JamesT I T 1 1 Goodwin Lynch said In answerIng answerIng answering answer- answer Ing a a. question to that effect erect by br King Kingi that Goodwin had i Deceived ed an equity I from Crom the of or hl his father tho the late lato I Judge Goodwin and was now in business business busi busl- ness neos in to New York and that he was wasI I not apprised of those matters He Hei i I jd there hal hail been no security CorI for Cor i I this thi note so far tar as he knew I In discussing discussIng- tho ho notes of or the Utah i Concrete Pipe PIle com company 11 aggregating I more than and indorsed h by byI I L. L Morris Lynch said that he I had put some of or this paper In as good b because cause o of Mr Morris Morris' well wen known financial standing and ami because he did not believe Mr rr Morris would r repudiate ate an any obligation that he could pay |