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Show BANK SUIT TO ENDjpOAY Petition for Permission to Accept Ac-cept Settlements Filed in Court SALT LAKE, July 1 Saturday Will mark the closing of the suit brought to recover from twenty-nine former directors of the Merchants bank, money alleged to hac been lost through mishandling, according to an announcement made yesterday. A petition pe-tition for permission to accept run-ClUdlnBT run-ClUdlnBT settlements from five of tho defendants and for dismissal of the suit if such settlements are authorized author-ized was Hied In the Third dlMrlcl court yesteruay by Stephen II. Lynch, reeelvcr for the l:ink. Hearing on the petition Is set for 9:30 o'clock Saturday Sat-urday morning, before Judge NY. II. I Ira mel. Th- reci iver asks that the court authorize him to accept 110.000 from John Plngree. $10,000 from .V . Jacobson, 110,000 from George EE, Ford, llT.."i0n from Charles K. Kaiser and 111500 from l.esicr ). Kreed. This will brine the total of collections collec-tions from the former directors up to 1350,000, of which the greater part baa been paid In cash, according to the petition, the unrald portion being be-ing covered by notes given the re-ceivojr re-ceivojr by the defendants, the notes secured by the b si collateral possible for the defendants to provide. The action as brought sought a judgment of 1100.000 agaln.st the defendants. de-fendants. The settlements effected will enable the receiver to pay 90 rents on the dollar to the deposltOl I o' tin- hank, it is understood. Ihe osts of litigation haing been largelv a old-ed old-ed and the money being available for early distribution without trouble of execution of Judgments A dividend Of 1 fi per cent was recently paid bj the receiver out of the money had from the settlements made vvlth the d I rec tor -defendants. oo |