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Show INSOLVENT ; ! MANY YEARS Receiver Anderson Dc-clarcs Dc-clarcs Schcttlcr Was Broke In 1897a Robert R. ; Anderson, receiver for B. H. Schettler, private banker, 'r created consternation among the depositors at the meeting held "Tuesday evening in the Hooper-Eldredge building, when he announced that Schettler' had been Insolvent In-solvent since March IS, 1897, an4 in all probability for several years before that date.. . - - - Chairman Andrew Grundfor of the committee appointed to look after the interests of the depositors, announced that he did- not believe that the depositors de-positors could hope to receive more than 25 cents on the dollar unless the proper, ty deeded to Schettler s three wives could be returned to the estate. If this Is done It is probable that about 70 cents on the dollar will be paid. Mr. Grand for then said that Receiver Anderson was doing all that was possible' for the depositors. de-positors. . A motion was nade that an assessment assess-ment of 6 mills on the dollar' be made against the depositors in order that they might employ counsel, and this was carried. car-ried. Peter Hansen, Danish Consul here, was named as treasurer to collect the assessment. - - ' .jm - Several of the depositors af very bitter bit-ter against Schettler and intimated Tuesday that they might take criminal action if It could be proved that the banker was Insolvent when he received their deposits. .... Receiver Anderson filed suits Tuesday against B. H. Schettler and Mary Schettler, Schet-tler, his wife; Ernest F. Schettler and Emily Davis Schettler, his wife; Cornelius Corne-lius Schettler afld Florence A. Schettler, his wife, and G. Herman Schettler. The complaint alleges that on March 13. 1897. B. H. Schettler and Mary Schettler, Schet-tler, his wife, executed a warranty deed to Ernest F. Schettler to property valued val-ued at $4000, and that defendant was insolvent in-solvent at the time. |