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ASSETS TO BE SOLD FOR SCHULTER BANK Receiver Applies to District Court for Order to Liquidate Accounts The failure of the First National bank of Schulter on December 15. 1923. soon closed incident. far as the United States and the of the currency are concerned. Irving Page of Henryetta. receiver for the bank under the national bankIng laws. said yesterday he had ex hausted every resource in attempting to liquidate assets of the bank. and had asked the district court for an order permitting him sell the accounts which are uncollectable at this time Free Hand Asked In his petition. filed before Judge James Hepburn yesterday Page asked for an in compliance with instructions from the federal comptroller permitting Page to sell the final assets and now uncollectable paper either a public or private sale, in one transaction or separately. as he may desire, at his office, Fifth and Main streets, Henryetta. Page was appointed receiver for the failed bank when James H. Ger. nert, the original liquidating agent appointed ten days after the bank failed, resigned his post. Others Can't Pay. Since that time, Page said, he has made investigations of the ability of debtors to pay the bank, has settled thousands of dollars worth of debts. and is confident at this time through his and personal interviews, that the remaining debtors cannot now pay "There not enough now being lected to pay expenses of liquida tion and administration of the bank's affairs. have waged vigorous and aggressive campaign to clean up the accounts. Having arrived at the conclusion that can collect no more have been given the comptroller's permission to sell the remaining sets' at either public or private Some of the accounts will collectable later," Mr. Page told the
