Show o o- o 0 J I TO SPEAK HERE I 0 I I WILLIAM HOWARD TAFT DISMISSAL OF BANK BANKa a CASE IS SOUGHT Defendants Make lake Effort to I Set Settle e Claims Out of Court settlements b by several se defendants de cJe- de- de in the suit brought b by Stephen II I Lynch against the tho former r directors o of the tho defunct Merchants Merchants Mer Mer- Ier-I Ier chants lIan bank were ere offered In a petition petition peti pet tion filed tiled yesterday In the Third Thir dI dIetrict dIe dIe- I court Mr Ir Lynch Is la receiver for tor forthe or orthe the Merchants bankIn bank In a n. previous pre petition five n of or the ninety nine defendants ants offered to settie settle set set- tIe tle the suit out ut ot of court each agreeing agree agree- Ing to pay from down to lo for tor or dismissal of ot tho the case ease against him Nine names were Included In th the pe petition petition petition pe- pe filed tiled yesterday est rda With the sums agreed to pay th they are arc M or O. O Packard Pack Pack- ard O. O P. P Soule James It H. Brown R. R P. P Morris Morrl James F. F Burton C C. CP P P. Overfield Over Over- field S. S W W. Morrison A A. II H. G and F. F TV W. Yo Price The The- names on the first petition petition peti peti- tion and fUld tho the sum Bum each agreed to pa pay were M. M l. l S. S Solon Spiro Moroni homer Heiner John Watson and L 11 R. R Eccles J hearing on the original petition Is set for foi June I t at 30 n a. a m. m In Judge W W. II Bramel's division lalon of ot tho the Third district court Judge Bramel will consider consider con con- sider the second petition June 6 5 at p. p m. m In the petition Mr T Tynch declares ho he thinks the offers to settle were made In good faith and that It would b be in the interests of the Merchants bank fur tor or the court to 0 authorize him to proceed with the settlement as Indicated ed d in tho the petitions Th The Merchants l bank failed In Jul July 1918 Suits were begun to recover reCO the tho amount of ot deposits on on stockholders stockholders' liabilities and c carried to the supreme court this recourse of ot recovery now being practically exhausted The on only other available a method of ot securing funds Iund was suit Bult against the former di directors di- di I rectors which was started and sot I for trial May a 17 7 An extension was was' granted to June 7 7 when the thc trial will wilt start in Judge P. P C C. E a Evas 8 division of or the Third district court The following resolution was adopted adopt adopt- ed etl b by the depositors depositors' committee o of the I I Merchants Merchants' bank yesterday Resolved ed b by the undersigned committee com corn I officially representing the de depositors do- do of or tho the Merchants Merchant bank bl that the general basis of settlement settle heln being I now hOW n negotiated ot in ted by the rec receiver of th I Merchant hank bank and his with I the former directors o of the tho said bank I and recommended to lo said raId committee h by byI I said paid receiver r and his attorneys s be lc and unanimously unanimous approved ap the same sanie Is IR lu I proved by hy the tho undersigned nea I of or the d' d depositors J Thomas Homer Homor chi chairman C. C F R Bray J. J U. U More H. H A. A Mauck Tom Torn Ferguson S. S A. A Greenwood Greenwood Greenwood Green Green- I wood A. A t C C. C Davis ls secretary tt r |