Show 3 boods ME ANE BANK dl the liquidates y the 1 I 1 PO douglas M todd jr examiner examiner R i ch charge arc of the state bank of lite 4 lane ilief returned from richfield ifield the week arid and informs us 0 f the lat hat the business affairs of the lipove ba e pained named bank have been up ill and that th the e de asi tors creditors will all re tle eai e per cent on the dollar thin tile tho next ten days this ank closed its doors on august 5 1921 with liabilities to deposit rs kiil creditors in the sum of if oo A large percentage aorl N j ilic securities being held in the art At jonal city B bank ank of salt la lake ke city ly after that institution went for A into 0 the han hands als of the receiver af hirs rs became so involved with 0 to pr pending iding law suits which were d will t long g drawn out and very expensive ns I alner ahert affairs u rs the ie civer eiver thought though t it will t best t for all concerned to that blaer giai erB institution first and get the affairs out of the muddle and avoid more w long drawn law suits that bank gave ave tile the State Bank of kane n i about a discount in the jf settlement that is the reason ma ij the aff affairs airs of the state bank of 1 1 1 katie Kai ie seemed so long to some K 6 hh r people getting in in shape i to n liquid 1711 B ate but ut in m the le long ong run the state u raf daaling department is to be con B granulated upon the methods of handling the affairs in sucha manner as are the people of kane a B county and vicinity for the extra efforts made in giving over more securities and assisting the department and doing all iq ii the their lr power to make thi things as easy as possible X there was not a foreclosure and all liabilities were settled without vit hout one liw law suit and we believe the department has the good will of all there has been no extra expense to the kane county concern as was hinted in the beginning and in ill handling the matter the receivership 1 earned over and above expenses in interests and very little legal services services have been required all in all with the way things looked on the start with the clo closing of the national city bank at salt lake city we believe seth state bank commissioner and douglas M todd jr receiver in charge have aone done wonders and that it i is s appreciated precia ted by the people e of that is as are the efforts put forth ly by the people appreciated by the banking department jakres al peterson of the richfield ban bank k of the same name took over enough of th the remaining hing paper to have sufficient funds to pay off all depositors and other creditors pet per cent ceni mr peterson so ulsa have a considerable e amount of credit for the confidence ze he has placed in the people of the district in taking tal cing over ver the paper and for the ray of he be has scattered through their midst it is apparent that the state of Gar garfield fieta wilt start paying off ff in the ve very rynear near future and it I 1 s to be hoped thai trough through the manipulation of ob bu business i siness matters ill the hands bands oft no state banking apartment Depart nent the people of this dis arii ct win will ec receive el eive ve some hive have thought in the past A state I 1 b 1 ment was given out in salt lake city the other day that this bank was to receive a payment of twenty per cent but we did not get tile the matter direct from mr as we had bad understood the federal reserve bank was to receive money first in order to stop a heavy drain of interest that must muse be made up to those people as waa vas abou t the theania th sania same cased casem the nj na tignal dional city bank in liquidation the of t the he state bank of kane |