| Show I I GUARDIAN FOR BANKER SOUGHT Georgia Experts ts to lo Re- Re Reopen Re Reopen Reopen open Twenty Defunct Banks I ATLANTA Ga Aug Aug H-Dy H H The Associate Associated Press PressA Press A A guard guard- guardIan guardIan guardian ian to administer the affairs of w Ii D Manley Atlanta banker con con ho aho ha has Item hen been Indicted d In con con- connection I with the recent closing ot of the tho Farmers and Tra Traders l bank ot of which he ho was provident president preb lent Is sought In a hearing today Tim The petition for tor guardianship I wits was filed flied by Joe Patterson Man Man Man- ManIe Ie Icy son-in-law son who alleges th the banker is not mentally capable to conduct his affairs A warrant issued estel tay for Manley charges that he ho allowed the tha Farmers and Traders bank to become fraudulently Insolvent July 12 The bank was capitalized at Manley also alao Is confronted with litigation In connection WIth nith ith the defunct flankers Bankers Trust company ot of which he was president The trust company recently was thrown Into receivership and many small banks throughout Georgia anti I for tor which It wa was wai fiscal were clo closed d ASSETS TH Receivers for the trust company have charged that Manley trans traits transferred erred more than In per per- per assets to the VI W U 1 1 lanley and Company Inc to defraud hIS who have hare claims ot of more than against him It charged that Manley endorsed notes for approximately for arlous various banks banks In the chain An An answer filed flied by Mrs Mra I acting tor for her Iter husband denies dellies the thA th charges es Tile The Answer states slates that the transfer ot of o Assets was wa made madeE E several veral months before belore tho the petition ot of bankruptcy was as rile tiled fIled by the trust company and that the poor poor health h and mental condition ot of Manley made It necessary to place his private Interests Into a II eor- eor corporation cor corporation In which they the might bo be bemore more efficiently handled Mean Iran Meanwhile while Moan while the Georgia state banking I department lato Ito whose hands were wera thrown the affairs ot of o 8 83 small hanks banks which closed has an- an announced announced an announced that 20 the ot-the Institutions will open within the tho next n weeks Several ot of the banks have ha already opened again The Florida banking department has lias made a similar announcement to 10 the Georgia department MAY 11 REOPEN flANK BANK Tentative plans have vo been an- an announced announced an announced also for the reopening ot of the tho Georgia State Bank flank ot of At- At Atlanta At Atlanta lanta lIta and end Its 20 branches The I Georgia State bank ot of which h Man Man- Man Ian Ian- IanI I Icy y was president was a capitalized nt at and was affiliated with the Bankers Trust company When the latter Institution went Into receivership the state bank hank closed Its doors S |
