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Show MAY SETTLE SUIT IN : MERCHANTS BANK CASE SALT LAKE, June 3 In a second petition filed with the Third district court by Receiver Stephen H. Lynch against the former directors of the Merchants' bank, permission to accept further settlement in tho suit from $800,000 brought by Mr. Lynch, is asked. The first petition -aras filed Saturday. If tho permission in if is granted, $100,000 will be paid to the receivers by five of the former directors. direc-tors. The petition filed Tuesday asks that the receiver be allowed to accept a total of another $105,000 from nine others of the twenty-nine defendants in the action, bringing the total up to; ?205,000. Hearing on the first petition is scheduled for 9:30 tomorrow morning morn-ing and on the one filed Tuesday for 1,:30 Saturday afternoon. Both will be heard before Judgo W. H. Bramel who appointed the receiver. no |