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CARROLL DIRECTS DISTRIBUTION TO BE MADE AT ONCE About $28,000 to Be Paid by Madison State Bank and Bank of Twin Bridges. Immediate payment of dividends to depositors in the Bank of Twin Bridges and the Madison State bank at Virginia City was ordered yesterday by Judge William E. Carroll, following conference with Edward P. Reid, receiver. Both banks were closed some time ago. Depositors of the Bank of Twin Bridges will be paid dividend of five per cent while those of the Virginia City bank will receive a dividend of eight per cent. About will be paid to depositors of the Virginia City bank and $12,000 will be paid in dividends to depositors in the Bank of Twin Bridges. to At the same time the dividend was declared E. P. Reid announced his resignation as receiver of the two institutions. The court appointed P. B. McClintock of Twin Bridges receiver of the Bank of Twin Bridges and Clifford Albright, of Virginia City, receiver the Madison State bank. Each will receive salary of $100 per month. Both men will qualify as receivers by filing bonds within the next few Mr. Reid surrendered his post because he is moving from Madison county. He is former county attorney of Madison and is throughout that section of Montana. He made no announcement of his plans for the future.
