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Show BANKERS' OFFER TO DEPOSITOR Plan to Settle With Henry Siegel Sie-gel & Company Creditors Meets Favor. New York, Jan. 29. Depositors of Henry Siegel & Company, which recently re-cently went into receiver's hands, have been Informed that the bankers offer a cash payment 'of 30 per cent of money due, if the depositors will accept notes for the balance, backed by about $4,000,000 of the common stock of the Siegel Stores corporation. corpora-tion. Tho offer was made yesterday by legal representatives of Henry Siegel and Frank E. Vogel to "counsel rep--resentiiigawjrmit-tee-:aH3f''creditors The amount offered aggregates about 760,000 in cash. Hundreds of depositors, both mon and women, heard the offer read at their meeting. While gratification was expressed, it was decided to place the matter in the hands of the committee. |