Closed Bank Fixtures To Be Put on Block
Thomas N. Nagle, receiver, yesterday was given permission by Supreme Court Justice Marsh N. Taylor to dispose of furniture, fixtures and equipment of the First National Bank of East Rochester at public or private sale. The bank suspended business Mar. 15, 1933, and Nagle was appointed receiver Oct. 10, 1934.
Bank Receiver Pays 40 Per Cent Dividend
Checks Sent Depositors in East Rochester
A 40 per cent dividend is being distributed to depositors of First National Bank of East Rochester, Thomas N. Nagle, receiver, announced yesterday.
Closed in the bank holiday of March, 1933, the bank failed to reopen. Checks now are available to investors who file proof of claims, Mr. Nagle said yesterday. Approximately 50 per cent of the depositors have failed to file proof, he announced, and until these proofs are acted upon they will receive no payment of any claims.
A 40 per cent dividend is being distributed to depositors of First National Bank of East Rochester, Thomas N. Nagle, receiver, announced yesterday.
Closed in the bank holiday of March, 1933, the bank failed to reopen. Checks now are available to investors who file proof of claims, Mr. Nagle said yesterday. Approximately 50 per cent of the depositors have failed to file proof, he announced, and until these proofs are acted upon they will receive no payment of any claims.
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per cent dividend to depositors of the Nunda Bank, according to Mr. Kendall. It is impossible to estimate even tentative dates for payment of additional dividends to depositors of the other closed banks, he said. The Arcadia Trust Company and the Gaylord State Bank still have RFC obligations to pay off.
Individual Receivers
Liquidation of closed national banks in this area is not consolidated but is being handled by individual receivers appointed by the Comptroller of Currency. Now being liquidated are the First National Bank of Sodus, the First National Bank of Newark, First National Bank of Brockport, the First National Bank of East Rochester and the First National Bank of Webster.
Edwin M. Nelson as receiver for the First National Bank of Sodus has paid depositors a 12 per cent dividend. Depositors of the First National Bank of Newark have [received a dividend].
Death Claims Julia Carroll
Mrs. Julia Webster Carroll, widow of Clarence T. Carroll who was former head of Rochester public schools, died yesterday (May 11, 1935) at her home in Boscawen, N. H.
Mrs. Carroll was born in Boscawen, Apr. 1, 1853, the daughter of Lucy and Nathaniel Webster and a close relative of Daniel Webster. She lived in Rochester from 1903 to 1911 during her husband's career as superintendent of the city schools.
Since leaving Rochester she has divided her time between her ancestral home in Boscawen where she lived during the summer and with her children in the winter.
Surviving are two daughters, Mrs. Laurence P. Tolman, of Reading, Mass., and Mrs. Almon G. Harris, of Penacook, N. H.; two sons, Carl H. Carroll, of Arlington, Mass., and Harry C. Carroll, of Chicago and 13 grandchildren. Mrs. Harris is the former Margaret E. Carroll, graduate of East High School in the class of 1907.
Funeral service arrangements are not complete. Burial will be in Boscawen, N. H.
Mr. Carroll died in Warner, N. H. in 1912. He was stricken while delivering a commencement address to the graduation class of that high school and died a few minutes later.
per cent dividend to depositors of the Nunda Bank, according to Mr. Kendall. It is impossible to estimate even tentative dates for payment of additional dividends to depositors of the other closed banks, he said. The Arcadia Trust Company and the Gaylord State Bank still have RFC obligations to pay off.
Individual Receivers
Liquidation of closed national banks in this area is not consolidated but is being handled by individual receivers appointed by the Comptroller of Currency. Now being liquidated are the First National Bank of Sodus, the First National Bank of Newark, First National Bank of Brockport, the First National Bank of East Rochester and the First National Bank of Webster.
Edwin M. Nelson as receiver for the First National Bank of Sodus has paid depositors a 12 per cent dividend. Depositors of the First National Bank of Newark have received a 67 per cent dividend from Receiver Jonas J. Hulse.
The First National Bank of Brockport through its receiver, Harold Kotta, has paid back 64 per cent of its deposits. The last dividend paid was made possible by an RFC loan. Thomas N. Nagle, receiver for the First National Bank of East Rochester, has given depositors a 40 per cent dividend.
The First National Bank of Webster of which Mr. Nagle also is receiver, stands in a class by itself. It is one of 19 national banks throughout the country that have paid depositors 100 per cent of their money. In addition, Mr. Nagle declared he has two legal cases pending and if successful will pay depositors 6 per cent interest on their money.
Only three of the nine village in banking difficulties are without banking facilities. They are East Rochester, Lima and Spencerport. Each has made application to Rochester banks for branches but this action is not regarded as likely in the near future.
Nunda has banking facilities in the Peter Dupuy Banking House, a private bank. Brockport has the Brockport National Bank, which superseded the First National. The Union Trust Company has established branches at Avon, Sodus and Webster. The Lincoln Alliance Bank & Trust Company has established a branch at Newark.
COMEDY IN DUTCH
"Haar Laatste Wil," "Latest Will" to you, a comedy in Dutch will be presented by Hollandio Dramatic Club of Detroit, in the German Club, Gregory Street, Saturday at 8 p. m.
The First National Bank of Brockport through its receiver, Harold Kotta, has paid back 64 per cent of its deposits. The last dividend paid was made possible by an RFC loan. Thomas N. Nagle, receiver for the First National Bank of East Rochester, has given depositors a 40 per cent dividend.
The First National Bank of Webster of which Mr. Nagle also is receiver, stands in a class by itself. It is one of 19 national banks throughout the country that have paid depositors 100 per cent of their money. In addition, Mr. Nagle declared he has two legal cases pending and if successful will pay depositors 6 per cent interest on their money.