OCR Text |
Show Bank to Pay 20 Per Cent m m m m m i. m M Checks Coming-on-Dec45 Rrt'KIVKK STKI'MK.V IT. l-YNi'M of the Merchants hank, full owing 'tie plan he announced to The Tele-pram Tele-pram several day ago. today applied ap-plied for and was given perm is- M..n l.y .lll'lUP tV. II. iujiiumI m distribute 2 per cent dividend to creditors and depositors on le- camber 18. The proposed distribution was I protested My the Tracy Loan and Trus i com pan . but I he pi otet was disallowed. Receiver I. nch slated In his petition that ho now had on hand about $170 000 in mh nnd that between be-tween 'tt"w w ml I ""CfMUher 1 n He-1 He-1 loved the amount would he Ht least fL'O.OOO, which will he sufficient suf-ficient to pay the proposed 10 per crtil dividend. |