Mail Tribune 100, June 12, 1922 – Medford News, Weather, Sports, Breaking News

Mail Tribune (Medford, OR — Wayback)

2022-06-12

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Mail Tribune 100, June 12, 1922 By Alissa Corman Jun 12, 2022 12:00 AM A A News from 100 years ago The following news items were drawn from the archives of the Mail Tribune 100 years ago June 12, 1922 GAMBLING RIFE AT DAYS OF ‘49 Faro, monte, poker, roulette, and all the other various mining camp dance hall games will operate full blast in the Nat. Thursday night during the American Legion “Days of ‘49” celebration, five hundred thousand dollars in American Legion currency will be in circulation and a number of old time slickers will play for the house. Since the gold rush excitement in this district died these old-timers have not had an honest-to-goodness round of poker, roulette, faro or monte and their palms fairly itch for a clutch on a real deck of cards. Everyone who enters a game will be required to unlimber his shootin’ irons and to park them at a reasonable distance for the game table. $14,000 WILL BE PAID DEPOSITORS OF J’VILLE BANK An order issued by Judge F. M. Calkins of the circuit court Saturday authorizes the payment of a five percent dividend on all claims of depositors against the Bank of Jacksonville, which failed in August, 1920. The payment will be through the Superintendent of Banks, Frank C. Bramwell, ten days after the granting of the order. In the neighborhood of $14,000 will be disbursed. Attorney George M. Roberts acts as attorney for the state bank board. This is the first step towards a refund to the depositors of the defunct institution, and is made from collections of notes, overdrafts due and collected by those in charge of its liquidation. According to the report of the state banking board on the condition of the bank, claims approved total $282,216.87, and the assets of the bank aggregate $208,062.85, plus approximately $62,000 more, leaving a difference between assets and liabilities of close to $25,000. The assets include large judgments obtained for overdrafts, etc., which, the report says are highly improbable of collection. The report of the state banking board is on file in the office of Attorney George M. Roberts, and is a lengthy and intricate collection of figures that is difficult for the layman to comprehend, as all the complexities of bookkeeping are involved. Several of the Bank of Jacksonville depositors have perused the report, and were completely dazed by it. — Alissa Corman; [email protected]