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Bankers Accounts Listed in Closed Bank Receiver LaVeechia Says Trust Fund Considered Preferred Deposit Hope stockholders in New Jersey Bankers Securities Company will receive 490, their investments despite closing the New Jersey Na. tional Trust of Newark which trust account of $42,608 was yesterday by Nichclas La Vecchia, receiver for the La Vecchia said he believed the trust fund would be regarded preferred. deposit in the closed The showed the pany had two accounts closed Newark bank, of which John Stamler Was president, until he resigned on May One was for $976 checking count. The other was the $42,608 trust fund established for the payment liquidating dividend of $2 share to securities comstockholders The accounting showed the bank paid $867,130 from the trust Company stockholders claim against it were notified yes. terday to show cause on June 28 before John Backes in Newark supplemental filed by Mr. Stamler and Mr. LA Vecchia, should be approved and why Stamler should not discharged all obligations as co-receiver. The also asked show cause why La should. not continue AS sole The order is the result of Stamler's resignation, accepted by on May 24. The accounting covers the time tween Stamler's resignation and the receivers' report of November 1931. The account has been referred to Ralph E. Lum as correctness and propriety of disbursements. Lum report the court the same day on which the order to show cause is returned. Ownership by the securities company of stock in the closed bank and of Hquidating certificates the Guardian Trust Company Newark which was being liquidated by the closed bank is shown the accounting. Both are carried at cost, $29,648. La Vecchia said yesterday that they were among the assets taken over by the shows bank stock carried cost aggregating $615,557. the largest Item of which is $248,200 for stock Paterson bank. Cash in other Newark banks was reported as $41,758. Other liquid assets are $100,000 in bonds of the City of Newark: $100,000 in City of Perth Amboy bonds: $3,780 first mortgage bonds of Fink Sons of Newark and $900 first mortgage on realty at Branford Place, Newark. Claims against the company aggregate $833,930. which $306,108 involved in litigation with John Warren over Jersey City bank deal. The company has only one account payable, $500, which is dispute as the result of a merger of Passale banks. The receivers reported net operating loss of $72,919 from Sep. tember 1931. to April after the payment $77,725 in legal and professional fees, These include $25,000 each to Stamler and Vecchia and to their counsel, Leber The accounting showed payment to Jenks & Rogers, New yers, of as result of their claim against the company when was directed by Harry berger, the The prepared by Markel Becker, who have had charge the since shows deficit as April 30 of Assets are carried at face value, including the note given by Weinberg. the receivers, and aggregate Liabilities are reported as $7,850,364. mainly the stock is: 656.047 shares.