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FINAL PAYMENT TO DEPOSITORS OF RIFLE BANK
7.4 Per Cent to Be Paid At Once Will Make 77.4 Per Cent Paid On Deposits
Rifle Colo., Sept. Notices have been received by the depositors of the First National bank of Rifle, which closed Its doors December 18th. 1925, that a final dividend amounting to 4 per cent is to be paid them by Joseph A. Gamble. general receiver of Insolvent National banks, Washington, D. as soon as the receipts and their receivers certificates are returned to him in WashFirst National bank of Rifle voluntarily closed its doors after the Broadway National bank both of Denver, had been closed the previous day The directors of the First National bank decided to close in order that all depositors might be proTotal dividends of 77.4 per cent will be paid the depositors and It is believed by many that the bank could have continued in business and not experienced any serious run. as the bank was considered in good shape when it was closed. This is evidenced by the fact that shortly after the appointing of a receiver, a first dividend of 50 per cent was paid the depositors, followed by two other dividends of 10 per cent each, and now a final dividend of 7.4 per cent. Edward T. David was appointed receiver for few days after closing of the bank and continued as such for three years, when all work in connection with the receivership was taken over by Joseph A. Gamble, general receiver. in Washington D. and which is now being rapidly brought to close. of Paonia will be president of the industrial arts section H. Wubben is president of the asso-
Whatever else It may have demonstrated. the primary election in Gunnison county got Bob Williams and Bill Whallen away to an even start in their race for county commissioner from the third district. Williams. the republican candidate and Whalen. his democratic opponent each got 282, votes. according to the official count.
The last right-of-way required to be secured by Gunnison county for change in Black Mesa road, National Highway No. 92, through the land of D. McLeod was secured Tuesday. and it is understood that the contract will be let for the construction of the first project on the highway by the Federal Bureau of Public Roads in the near future.
Special classes and programs of work for mentally deficient. backward or unusually emotional types will be con-ducted in Routt county this year under the di rection of Elsie H. Martens of the University of California Mrs. Pearl A. Funk, county superintendent of schools, is cooperating with the federal office of education in starting this branch of education. Specialists agree that maladjustment in the early school years is frequent] the forerunner of social maladjustment and in adult life, Mrs. Funk said.
Preparations for further development of the Block mine near Steamboat Springs were completed last week with the installation of a new 40-hp. boller and pump. The mine is now about 600 feet in from the entry and will be opened another 100 feet into the vein. As the vein is opened further into the mountain it has increased from feet 4 inches in thickness to feet. The coal from this mine is semi-anthracite. James A. Wertz Is the operator of the mine.
Jute Lawrence of Saguache has been awarded the contract for the new Saguache-Gunnison mail route, which will be started October 1. according to the anof Postmaster Paul C. Boyles. The new contract calls for service three times a week. The mail truck leave Gunnison Tuesday, Thursday and Saturday at 9:15 m., and returning will leave Saguache at 7:30 m. Monday, Wednesday and Friday Eighty boxes, 320 people
