Show MAY GIVE BANKS TO DEPOSITORS Receiver Dunbar Favors N New ev Pla Plan for Reorganizing ing Institutions Reorganization b by tho the depositors themselves of ot the tho defunct Citizens State bank of or BIngham and Copperfield Copperfield Copper- Copper field State bank also of ot BIngham loomed as is i's s a probability last night hen when depositors of ot tho the two Institutions formed an organization to take ov overtIre over r tho tIre assets assels of or the two banks Tho The plan has the tho approval of ot D. D C. C Dunbar receiver of ot both banks and Mr r. r Dunbar said last night he ho will probably recommend Monday to the state statA bank batik examiner that the tho depositors depositors' depositors depositors' tors' tors proposition bo be accepted Under the plan worked out by the de deposItors depositors depositors' de- de committee each depositor will agree reo to accept for tor his hla deposit 73 75 5 cents on tho the dollar In cash and 25 5 per percent percent percent cent In stock of tho the now new banks By Dr this absorption of or 25 per cent of or the de deposits deposits deposits de- de posits in the tho two tso institutions Mr 11 Dunbar Dunbar Dun- Dun bar said each will gain slightly more capital than It now has line Putting Into effect of ot the depositors depositors' proposition would moan mean wiping out the Interest of or the former stockholders and Mr lr Dunbar said It If It Is accepted he will nm i igo for an go before the court and antI apply order permitting him to transfer all tho the Interests of or the former stockholders ors ers to the tho credit of ot the new atlon While tho the depositors were perfecting their plan tho the stockholders of or the banks continued their efforts to work ork workout workout out their proposition of ot reorganizing tho banks and paying to the depositors depositors tors 7 75 is cents on tho the dollar for accounts In the Copperfield bank bunk and 6 li cents for tor those In tho the Citizens State bank Mr r Dunbar expects to receive a a. re report report report re- re port from them tomorrow v morning If It Is not forthcoming he said his re rePort rePort report re- re port as s receiver will probably bo be filed tiled during tho the day with the Third district court Sensational disclosures s are arc an anticipated anticipated anticipated an- an If Ir tho the report Is filed Wed Should tho the state stale banking d department department depart depart- part part- ment accept the depositors depositors' proposition It will Insist It Is understood that thal I some Bomo wealthy men be Induced to lend their support to lo tho the reorganized banks to protect depositors against possible runs though It Jt was pointed out that as us the depositors In the now new banks will also be bo tho the stockholders there lher Is IR no great groat likelihood of ot an Immediate runs It I la Is anticipated also that the thc state slate banking department will Insist that the new banks whelk will rise on the ruins of ot the thc old In case the tho depositors depositors' proposition Is 19 accepted shall bo be affiliated atod with th the tho federal reserve reser banking sst system em |