Show AIRING AN OLD CASE 11 II 11 whipple as a newspaper writer stockholders of the defunct citizens bank take exceptions to statements credited to the attorney the bank new light on an old subject where will tho probing end the following article Is contributed with the understanding that the con tribu tors aro responsible for all statements therein the article is a reply to misleading article in an afternoon paper which is credited to an attorney in the case evenings press contained an at lacfi on mr J 0 armstrong receiver 0 a athe Citizens Bink case not only did it atack mr armstrong but the court ahu passed upon the cabe and gave mr y ibrous a pat on the back the reporter for the is mr Whip stenographer and the article bears the earmarks et R H W it buet have beep dictated by him as the language used is in harmony with hie speech at the trial atje ehwald advertise ize in the advertising columns and not by articles let ua see what mr broughel Bro administration cost abo stockholders as erenee he was in about ten months 41 robinson brough competent mr brough paid to himself 2200 or bob inson broseh Brou eh judee decided that 25 was a reasonable amount and complaint testimony wag not introduced that 7 per month was reasonable the matter of the abstract should have been allowed t had the fact been aired mr bete hie regular charge ani allowed mr a commie aion a thing which no doubt mr whipple has received num bers of times in fact the matter in the light of all the circumstances was not mr armstrongs fault aa shown by the record ae to the trip to payson for mr armstrong cli arged 2650 mr wripple desired mr armstrong to ride f on the brake beam sleep on the cellar S door and take his lucach with him mr A armstrong testified that was pad s or car fare 5 for deed 2 for recoil f hate was gone four days and paid out 8 for board and other incidental expenses absorbed the remainder let us inquire about mr broughel Bro rule of economy he and mr robinson made an assessment of all of the property of the bank without the knowledge of the directors or stockholders for the benefit 0 mr brough and mr robinson and themselves per month for carrying out their plan to swipe the funds of the bank for their own benefit their administration cost the stockholders 2200 in ten month not only this but a few months before the bank failed the cache valley canal coa corporation controlled by Rob innon brough and whip with a capital nf all paid up in one day mr whipple draw ine of his baab out of the bank to pay ins part mr robinson drawing to pay his and mr brough this amount was enough to break any bank especially when the bank biad only on hand but it was ab eo lately necessary to do this or they could not organize the cache valley canal company and make the proper certificate to the secretary of state i e that all the capital was paid in at the time now canal company made its note to tie continental tin national bank of chicago for and brough and robin the credit of tl bank to the payment of the note and a few days before the bank failed the bauk bad to take it up out of the stockholders money this very transaction made it necessary to have a receiver appointed mr W hippie and mr robinson endorsed endo reed abo note of the cacelie valley company but repudiated thair oblie aton to the bank bat did not repudiate the obligation of tie Cili zoe bank to alie continental tin national of chicago illinois mr brough did not economy with the bank abil lie was cashier in other waye lie required u bank to pay his tor city treasurer ahn be says was authorized by the dire cora mr farrell thomas C E nil ol 01 whom are now dead and one else he could not remember after being elecey t the position of treasurer Oden city for charged the bank interest on the city money there on deposit alter paying his camp expenses when charges were maie to the court against mr brough as assignee in the case li et al v ct zons bink B ink about nine i plaintiffs joined in the action and about twenty five othera signed a to have mr brouen removed aa almonr whom tiro tho following G oneil R A wells director 65 A baad i 5 N pree and director SO WB faridi director nettle 8 i sa geo director i 25 M N kin 22 richard hill 20 RJ hill 10 J coolidge 10 1 Jno eaB 10 dr carnaban 1 john cortaz ii 4 t 15 john tire director 6 jolin 4 3 15 I 1 L dark 10 A E shaw t 8 alrae warren 6 H madden 10 F T sanford 10 tw the above persons never borrowed one dollar of the bank it ia true that mr brouch and employed mr whipple to have the receiver and have the eland eo aba the per month would be coming in regularly but this is not the wish of the the who have furnished the funds that have been secretly abstracted from the bank and loaned to a favored few come again mr whipple there is a record ba k of this MANY stockholders |