Show SINGERLYS HONESTY Everything Controlled hy Him to Be Applied to Liquidation Philadelphia Dec 27The conferees selected se-lected to formuate a plan of settlement of the affairs of the Chestnut Street National Na-tional bank and the Chestnut Street Trust company of which William Singer ly proprietor of the Record was president presi-dent tonight presented their plan for the con sideration of the depositors and creditors cred-itors > The first measure suggested is the Issuance r is-suance of Kecord stock to secure the J creditors It is believed that if Mr Sinserly will continue to give his entire attenton to the development of his great paper the peculiar qualifications which enabled him to build up a property earning it Is stated in the fiscal year 1S96 310000 net and earning also it is said n the last seven years an average annual sum of 5213000 will enable him to do what not raerer will be impossible under changed conditions namey to maintain the present pres-ent great value of the property but also to increase it This plan will of course be greatly aided by Mr Singerlys insistence that everything possessed or controlled by him shall be promptly without legal contest transferred to the managers to be applied to the above purpose The document was agreed upan after an all day conference between the assignees and J Howard Gendell Mr Singerlys at torncATs and Director Loeb of the finance committee of Pennsylvania c |