Show MERGER WAS FRAUDULENT Report of the Special Master in inI I Chancery on American Bond BondI j I Reserve Company I Kansas ansas City May 31 Judge Walter Valter WalterI I special SI cial master in ht chancery chancer appointed to take evidence announced to today today day that he is ready to make a report of his findings in n the Investigation into the tha merger of or the American Bond Reserve t c cI tI tI company I find that the merger of the several companies was a fraudulent transaction Judge Littlefield said and that the pro proceeds proceeds proceeds of the fund deposited with Kith the state treasurer of Missouri should be distri distributed distributed distributed buted pro rata among the creditors of the several companies no preference being given to creditors in this state The state treasurer holds I of the defunct funds The Mississippi pi Valley Trust company of St SL Louis is the receiver Judge Littlefield said he believed no at attempt attempt attempt tempt would be made in the final ac accounting accounting accounting counting to compute Interest on deposits It has been estimated he said that it would require five expert accountants years ears to settle the affairs of ol the company by this method and there therefore therefore therefore fore it Is Impracticable Judge Littlefield was in the federal court here today prepared to receive ex exceptions exceptions exceptions to the report which he will file me soon It has hns been agreed that all exceptions exceptions exceptions will be disposed of before July Jul 1 next preparatory to the final contest The case Interests depositors not only all over Oer Missouri but in Chicago Louis Louls Louisville Louisville ville me and other cities |