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ANOTHER DIVIDEND TO BE DISTRIBUTED BY BANK'S RECEIVER dividend of $75,000 distributed stockholders the defunct Columbia Savings Bank and Trust company October announcement yesterday James Fowles, Dividends amounting been received by depositors when October distribution made, the total be salvaged receiver will be apper cent. In order yesterday, Receiver Fowles authorized file final report September 24.
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FOWLES TO PAY DEPOSITORS CASH Townsend Signs Order in Bank Matter. PAYS ON MONDAY Judge Gets Report Receiver of Savings Bank & Trust Company. Depositors in the defunct Columbia Savigs Bank & Trust company will October receive an adidtional divi. dend of 25 cent., representing cash in the sum of $75,000 under the terms an order signed yesterday by Judge W. H. who thorized James H. Fowles, receiver of the bank, to make the payment. The order of Judge Townsend was issued after he had received the port Mr. Fowles, receiver, and had testimony in regard to the closed The payment of this 25 per cent. total dividend of 25 cent. was paid June second dend of per cent September and third dividend of like amount. This per course in addition settlement of other indebtedness of the The receiver holding sum sufficient pay another dividend about which will be paid order the The affairs of the defunct bank are closed; the receiver has received all that he will receive, Mr. Fowles and is now merely question of moneys received. There is, however. in another court litigation pending for stockholder's liability but the receiver does not handle this phase of the matter. Gives Decree. Judge Townsend yesterday issued the following decree: "James H. Fowles, Receiver, PetiF. P. Leaphart et al., "Columbia Savings Bank & Trust Company Defendants report of the receiver came on before me for today After hearing and of the it is dered: James receiver of the Columbia Savings Bank Trust and hereby ized to declare and pay to credi tors and depositors said bank listed by him dividend of 25 said credits and Let the dividend be paid October "In view of the highly satisfactory of estate by the court deems proper that per of all funds actually collected and 1-5 cent of all funds actualy by him excepting funds paid to From the aggregate amount so be paid the shall be deducted the of $1,800 being pensation paid Irwin Sutphen whom the authorized employ as and whom he denomireport as ceiver.' This portion of the salary paid to Mr. Sutphen compensation receiver deducted because spoke to the about Mr. Sutphen's time the receiver stated that he regarded him him necessary personally would pay the salary Mr. Sutphen. Let deducted and let there further be have heretofore been paid to the ceiver. Attorneys' Fees. to the attorneys fees: The sum of suggested by W. S. for Mr. Fowles with Mr Nettles on the hearing held to the of receiver proper shall be Since Nettles suggested today doubt as to whether $500 ought paid by him out of the order the Mr. be deducted from the fee of Nettles herein think and the services Nettles worth the sum the therefore pay Mr. Nelson of $500 to Mr. Nettles the sum of less the sum of $5,000 paid to under "In figuring the amount of sions the amount shall be actually and disbursed the receiver and figures shall be presented by receiver his fina But the be lowed time draw the amount found to settlement of the litigation with to preferred claims the has and an order in that matter be duly funds the hands of the after the payment the amounts herein stipulated shall be held by the receiver subject to the