Show JAP RECEIVER I 1 fOR THE DEfUNCT BANK Nippon Financier Tries to Reorganize ize Institution With Depositors Stockholders Special to The Ogden Nov 6 KIso Kiji correspondent correspondent correspondent dent of ot the Industrial ration of this city states that the Japanese business men of Ogden are put putting putting ting forth their best efforts to finance a anew aneW anew new and Independent bank to succeed the one that recently became defunct because of ot its relation relationship relationship relationship ship to the parent bank in San Fran Francisco Francisco Francisco cisco Mr states however that this can cannot cannot cannot not be accomplished until after the af at affairs affairs fairs of the defunct bank banI have been be n sat satisfactorily satIsfactorily satisfactorily adjusted The depositors of ot the old bank he ho says must be taken care of before there can be any assur assurance ance of ot success in the incorporation of the new bank The idea that prevails with the Japa Japanese Japanese nese financiers is that the depositors of the new bank should become identified with the tho institution as stockholders and have a voice in the handling of their money Mr Kiji is of the opinion that the de depositors depositors depositors will receive at least 75 76 per cent centor of or their deposits in the defunct bank especially if a Japanese receiver Is ap appointed appointed pointed to aid in settling up the accounts |