Show Stockholders of Tooele Ban Bank Held Liable by Court TOOELE April 10 Special Dis Dis District Judge Oscar V. V W. W McConkle McConkie Issued an order In court here Friday morning mornIng morning morn- morn Ing holding the stockholders for the total liabilities of the Tooele Tooele- County State bank The liabilities of the bank on Jannary Januar January Jan Jan- nary uary 14 1931 when It was taken over overby overby by bj the st state te banking department amounted to Under the court order to stockholders they are required to pay Into the the- bank an nn amount equal to their holdings in the banks bank's stock in addition to losing their original investment as stock stock- holders At the state slate banking department department de de- de- de It was stated Friday afternoon afternoon afternoon after after- noon that this would not cover the obligations to depositors It was said however that Inasmuch as the banking bank bank- lug ing department took the institution over opportunely the percentage of recovery by depositors would be unusually unusually un un- usually large The American Surety company re recently re- re paid to the state approximately approximate approximate- ly Jy being the amount of principal principal principal prin prin- cipal and int interest interest- rest due the state slate on Its deposit in the bank and covered by surety bond Out o of the assets of the bank the surety company will re recover recover re- re cover its share of this amount on the same basis as depositors |