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SOON HOOVER URGES FIGHT BE PAID BY UPON WANING CRISIS; FIFTEEN BANKS PARLEY ADOPTS PLANS
153,000 Depositors in Six Closed Phila. Institutions Benefit Within Few to Weeks
Bankers Trust, Darby, Girard Ave. Title, Glenside, Jeffer- son and Mortgage Security
Co. Included
Six closed Philadelphia banks and nine in communities throughout the State will pay dividends to deposi- tors within little more than month, according to announcement made yesterday by Dr. William D. Gordon, State Secretary of Banking
The Philadelphia banks are the Bankers Trust Company. Darby
Bank and Trust Company of Darby Girard Avenue Title and Trust
Company, Glenside Bank and Trust
Company of Glenside, Jefferson Title and Trust Company and the
Mortgage Security Trust Company
More than 153,000 depositors in
Philadelphia and elsewhere will benefit through the dividends The payments will bring the total amount paid by closed banks to positors to approximately $19,600.000. Of this $8,478,412 will have represented payments by the Bankers Trust Company alone.
Payements to Be Made
According to the announcement, the Bankers Trust Company will pay 10 per cent. dividend of $2,792.on September 30, following 20 per cent. payment last November. This reduce the remaining deposit liability of the institution, which closed in December 1930. to slightly more than $25,-
Darby Bank and Trust Company will make payment of $56,060.52 representing five per cent. of its present deposit liability, next Wednesday. It made first payment of 20 per cent. last October Five per cent. will also be paid by the Girard Avenue Title and Trust Company September 13, that percentage amounting to $121,-
Glenside Bank and Trust Company will pay per cent., or $155,041.52 September It made previous payment of ten per cent. August *Jefferson Title and Trust Company will pay total of or 7½ per cent. of its total present deposit liability on September five per cent. payment, totaling will be paid by the Mortgage Sescurity Trust Company next Wednesday
A CALL TO ECONOMIC ARMS