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First National Bank Pays Ten Per Cent Surprise of surprises! The old First National Bank of Fairview is paying a ten percent dividend. Notices were mailed out by Receiver China R. Clark, national bank receiver, the first of the week apprising depositor creditors of the defunct institution that upon return of accompaning receipts properly signed and receiver's certificates, checks would be mailed to the individual creditors for ten percent of their claims. The First National Bank as an institution had been quite forgotten by the people who had sunk their money in it. They thought it treasure lost in its entirety. When the bank closed, after its remaining assets had been gone over and its liabilities revealed, the assets appeared to be all liabilities and by what means the receivership has paid the bills and at the same time amassed an amount equal to ten percent of the deposit liabilities for distribution to the depostor creditors is a conundrum, All credit to the receivership, however, and may more dividends be declared. It is said that the receivership expects make an additional five per cent distribution before windup the affairs of the bank.
