OFFICEOF THE A~~RNEY GENERALOF’TEXAS
AUSTIN
Hooorablo H. A. Jaxoiaon, Commissioner,
Stat0 hDaddJlW2t Oi hJlkiZJ&
A
Dear Mr. Jamlronr~.
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ha5 bmn made to erroct a coapromlse
cb refaranoo we6 259da in our letter
042 aUctrsosaU to Mr. B. 19. Wilds,
&ant in. Charga, Internal Ravenue
as; TWUNJ, a oo,,y OS ntloh iS eaC10sad~
*The oSSar In ccmpromiso has been rojaated bi the
Internal Revonus De~2?WepC ah?0 euch deprtmuat ba-
lleves that t&a amount tendered, in oomyro~loa;doaa
ncit rsproarnt’ths ua+~~ amount ooUeotlbla’Srom the
taxpay4r.
vie wish to ada thnt in ad&blon to the plodga OS
the assots to the ,R.P.C.,,as sst out in the attaahed let-
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Honorablr 8. A. Jan&eon - pegs S
tclr, tlicl atockholdare of the Amorfoan State Rank of
nmrlllo, exnoutod. 0 gunrsnty figrobing to lndtxnnify
the R.Ir.C. to the axtoat or $50,000,00 a ainat loea
bp ronton of making the Man to the Amer.Ecan State
Link, Amarillo.
“In Sqpttmbor 1942 all tha rcz~alnlng assets or
th.3 ban* v.cm eold to the R.F.C. for a oonsfdorntlon
of <~09,CtX3.41, which amount con=tltutsd n rsaoonablo
mnrkat value of tha anootn. This amount wea applied
a3 5 credit upon the lndabtednosu owlni: t!ca R.F.C.,
whloh wan at thot time approximately $150,000.00 Un-
dur ttm taran or said oale the R.f’.C. was, to i;ay, and
did gny over to the Eonkin& Comaioslonor an amount
eufrlalont to protoot him In rogpoct to tho OUtBtUnd- .
ins claim of the ~ntornal &avenue no@rtnont. Aooord-
in::ls NO now hold In our poeooaslon the awn of
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$~3,114.B& which 1t1 our o~iidnn ia etl&htibry In exde8e
of tne fti1.l amount.of the claim plus lntoroet and
pmoltiaa.
We are nowlnrormed by the R.F.C. thnt the
Guarantors have retired in full the obligntion to it
and all eeseto have been trene$&rred’ baak ,to the
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.Guarmntorar Thereiore, the R.F.C. la not at thd,
~presont t ims a party at interest.
,*‘Although this Uepw%nent hae r&ognlzed the
,alalm of tho lntornel Rovsnua %qnrtnent en ovldenced
by suoh correnpon6choe pertalnln$ to an offer in co-+
r,romina of thn oleim we have not orrlalally approved
or rejected the olala as filed, a co;~y of whloh 1s at-
taohotl.
Vho Cusraators are 0; the oplnlon 'that the olaim
is unjust and that t&a 8amo can be dafnatofl, and ~honre
two not ~~illlng to agree to the payment of the claizn.
7’ho over-all nature of the controversy FOUUS mmm to
result in tho Banklllg CWzii&aioner ocoupyia~ a position
cf ~1 mere stakeholder between the Guarhntore and the
Ireclcwol Covcmumnt. ; ,
“Tharefose, ie reepsotfuily rOqUeat an OpiUtOlI
from y0u L:S to whether or not; WQ cnn tr3nefar th0
funds wo nre holding into the roCktry of the oourt
and in tfm prooous brlnf; about a ;rocoadlng that ~111
roJult in.an apgroprLato odJudloatLon or the oontro-
vorsy by a coul’t 0% oompetant jurlndiatloL*
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Iionopx0lo ii. A. Yaslson - pago 3
xe hntv oarerully ccnnidaroa ywr problem, aiid UFO or
tkn opiolon the propor r:ny to handle the matfar is for you to
r:xjm t. t?.9 olnim in too, and t!, not.lry the Collaotor or your
actfan, nn proscribsd in &tlclo 54 2-810 of tho Taxaa ;)ankiq~
CCdO, 343, (Vr.rnon'4.3 c0amctiti0n).
Upon such rojectf.on the claimant will, of co::rsa,
Zilo e*rlt to -~otnblloh the clair dgalnst you dn Con-inslnnrr,
~i!~~~*u~on it woulb be proper to make thn atockholdsra - clalm-
onts - of tno fund prtios tC. tha suit, und by appropriate
nnncm alxw~ f.ld all otl?sr clnjms havs bttoa pewld, and all other
snoots dis{:osecl of, otxi set-forth the rc?spoctfos clotme ol the
C.ollcctor und tbo atockholdors, and tonaor..lntci tha court th*
amount romh: t-43 Ln~your hands, to the end thnt tha aourt may
aot..arxPne tha ricJAA~l.ownor~ of the fun@ as betwesa tho'aon-
tistonte.
This, %a ara thiiiifng, would not roquuiro pous furthor
attoodnnao upon the a6urt, einoa the jud@lont'of tha court nduld
d&~ooe'of tho.oontrooersy in suoh mannor a8 to bind tha contond-
im jartier, in the JuQmmsnt, and at the same times protaat you*
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; '. spa& truly your8 .~. : .: I :
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