| Show loan to liquidate bank seems certain interested parsons given opportunity to protest before court authorizes borrowing depositors 0 of f the bank ot of iron county which is in process of liquidation qui dation by the state banking department part ment are akely to be paid a substantial part of 0 their money by september at least that Is tile opinion of 0 depositors committee members it is understood that negotiations tor for a loan from the reconstruction finance corporation have progressed to a state where all that a ne C now is a court order authorizing the banking department to borrow the money petition tor for such an order has been set by the court tor for hearing on september ath kotce of 0 such i hearing being published on page tour four of 0 this issue in case there are no protests and none or likely tile the order will undoubtedly be glyen given and tho the loan completed what wha percent ot of deposits the loan will pay off definitely known at this time already depositors have lec elved thirty per cent in three dividends and it has been estimated that the loan will provide lor for another forty to fifty per cent payment persons who are interested in the hank bank will do well to read the notice given by judge cox in column 2 of pago page tour four this issue |
