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BANKS ASSERTS THERE WAS A CONSPIRACY (Continued from Page One.) Stating that although Mr. Benham had testified that it was understood the First Bridgeport National bank was to finance the composition jointly with the Royal Adjustment Co. and that this composition would financially benefit the Royal Adjustment Co., and the First Bridgeport National bank and not the creditors of the bankrupt, he was satisfied as to the entire good faith of Mr. Benham and the other officials of the bank in the transaction and that the charge that they were parties to a conspiracy to defraud the creditors was without foundation. The testimony taken in the hearing takes up five thousand typewritten pages and the official court stenographer will have a bill of several thousand dollars for services and copy. No allowance is made to the attorneys for the bankrupt or receivers, but they are given the right to claim an allowance at some future time upon showing that they rendered services that were of benefit to the credit estate. "No allowance is made Mr. Willett for his services as receiver. His activities during the entire receivership were directed to the acquisition for himself of the assets of the estate for the purpose of receiving the payment in full of his usurious claim at the expense of the other creditors." "I think the same rule must be made with regard to the allowance of Mr. Benham since he pemitted himself to assume a position where his personal interests as representing the bank came in direct conflict with his fiduciary obligations." "Mr. Dillon had no connection whatever with the arrangements entered into by the other two receivers for the financing of the composition, and no interest in the result. He was not active in the receivership, but I think he should receive compensation for the work actually done by him. the amount of which is fixed at $300.