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Show PEOPLE'S BANK DEPOSITORS TO BE PAID DIVIDEND f'&j liquldatlocLoJUw affairs ofLtho lHCigitJS?Vtalrron by tho oUIco of Soth Pixjon, stnto bank commissioner, havo progressed as far that Mr. Plxton expects to bo ablo to pay dlvldond to depositors of about CO per cent, It is announced. This payment will bo mado somo tlmo about tho first part of July. Tho law requires that thirty days explro after tho closing of a bank boforo claims of depositors aro rocelvod. Thoso must thon bo chocked and a notlco published four weeks boforo any dlvldond could bo paid. This tlmo requirement would run Into July. Tho following Is in part an artlclo publlshod in tho Desert Nows, facts of which WQro given out ly tho Bank Commissioner's ofllco. Mr. Flotch, who Is in chargo locally, verified tho statements state-ments yesterday when asked about tho artlclo. "Tho bank, commissioner's ofllco has ontorcd Into negotiations with local Interests In-terests whereby tho oasots of tho bank will bo taken over at onco and tho credits disposed of and paid out to tho depositors, "Tho Peoplo's Bank of Lohl was closed rocontly on tho ordor of Mr. Plxton after tho banking department had tried for sovoral wooks to placo tho bank on its foot. Each attompt had fallod, howovor and tho hank's nffairs woro taken ovor 'by Mr. Plxton who undor tho new law onacted by tho Fourteenth legislature is receiver of tho affairs of all such defunct institutions. in-stitutions. Herbert Taylor, cashier of tho bank, wns placed In chargo temporarily. tem-porarily. "Tho bank has liabilities as follows: current liability, $5,970,08; tlmo deposits, depos-its, $45,000; tlmo certificates,-f 01,000; savings doposits, $38,000; borrowed inonoy, $10,000. Tho bank's assets aro claimed to bo $139,000 in notes; $15,-000 $15,-000 in real ostato, and $4,900 in cash on hnnd." o |