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1,300 Jap Soldiers Are Reported Slain In Desperate Fight PLANS TO DEPOSITORS G. P. SPARKS Weather BETTER DEMOLEADERS STOCK MARKET 20.000 MORE IS Among Oklahoma Republleans Over Reorganization ON WEDNESDAY Already Apparent SEND OUT CALL SURGES AHEAD REPLY SHIPS Cloudy,
RELIEF
"hinese Hold Grimly To Positions And Also Bring Up Help
LULL NOW BRIEF
LONDON from ters Shanghai Woosung but have driven Chinese losses The Japkilled or The anese were invaders to have crossed the point two miles from the Whangpo river, pontoons
By Morris Harris Press poured into Fresh Shanghai today while guns on the Chapei boomed to another Sunday and the day there between China and Japan had crossed defenders supposed to creek late SaturPress the Japanese lines
20,000 More Japs entered Foreign here despite efforts cover their secrecy said soldiers had within few hours. steamnight under forts and nese within the The force brought along and loads cavalry the strong Chapei's vast network of trenches the majority the been landed continued to trickle docks,
Japs Bring Tanks The force brought number along be used to crush Chinese machine network of positions trenches in These coming rived Friday six cruisers, torpedo boats. crowded stocky old army equipped implement modern The which they entered the Whangpoo military although the the forts tons Chinese bombs have and been rained on them, the long put the of the fortress comagreed that the Chinese scarcely would the big troop guns had been to send the transports to the shape bottom More "Diplomacy" Although thorities they expected drive to start the earlitheir big est believthere would be diplomatic before the guns and Continued on
Proposal Is To Pay Out 50 Per Cent Now And Balance Later
$50,000
Surplus Will Be $25,000, Placing New Bank On Sound Basis
A meeting of depositers of the Security State bank has been called for next Wednesday night when plan will be which if accepted by them, will mean the opening of the new about February 24 or 25. or not later than March The plan was worked out by committee stockholders of the proposed new bank, which would have capital of $50,000 and surplus of $25,000. all of which has been subscribed to by the new siockholders.
Under the plan, depositers of the old bank would be paid 50 cents on the dollar the opening of the new bank, and the remainder after the new stock holders have gotten back which they will advance which would be paid out of collection of notes due the bank in the amount of $542,638.
Further Plans Plans for payment the remaining 50 per cent on deposits would out committee of nine depositors to be chosen by the themselves, and officials of the new bank. There are 24 stockholders in the new bank. Of these there are 15 who were heavy in the old bank, not only opening the new institution but also in the remaining 50 per cent due after the per cent is paid on reopening. Under the plan proposed by the committee the new bank buy at face value $230,000 of the bonds now owned carried by the old bank. Against all the notes, totaling $542,638 now owned by the old bank and remaining bonds totaling $165,330 and other estate and property of the old bank, the new would make an advance of $246,448.85, and would draw eight per cent interest of this Credits on the amount of the new bank's advance would be made each day and bonds held in the old bank's liquidating account are paid or renewed in the new bank. Take Over House The new bank would take over the banking house at $10,000 and furniture and fixtures at $7,500. The depositors meeting will be held at the Plaza theater Wednesday at 7:30 m., which detailed plan the proposed new bank will placed before them for acceptance or rejection. If they accept, the committee the bank then could apply for a charter, which said would be obtained without cifficulty, organize open for business within about week, or not later than March will the Only depositors The plan has been approved by of the proposed new bank, and only the acceptance epositors remains before the new institution open for business. The which worked out the plans was composed of M. Harris, Harper Poling, Welsh, G. Denton L. K. Meek. After the plan, the new stockholders appointed the followContinued on page 4)
