Farmers National Bank (Granville, NY)

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BANK RECEIVER SUES ON JUDGMENT

A suit was entered in Rutland County court yesterday by H. N. E. Gleason, as receiver of the Farmers National bank of Granville, N. Y., against Levi A. Ayres and Carrie N. Ayres of Granville. The receiver seeks to collect on a judgment of $10,533.86 alleged to have been given the bank against the defendants in the Supreme court of Washington county, N. Y., at Hudson Falls.

Although all of the parties concerned live outside of Vermont, the suit is brought in this state because the defendants are said to have attachable property in Vermont. James P. Leamy of Rutland is attorney for the receiver.

PHEASANTS PERISH ON ACCOUNT OF BITTER COLD.

Members of the Rutland County Fish and Game association have learned that wild pheasants are dying in woodlands and fields about the city because they are not able to withstand the extreme cold. The most recent report came from Shrewsbury where the frozen bodies of three of the birds were found yesterday. Officers of the association have made a request that persons living in the country provide grain or other food for the pheasants until the cold wave passes.

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A suit was entered in Rutland County court yesterday by H. N. E. Gleason, as receiver of the Farmers National bank of Granville, N. Y., against Levi A. Ayres and Carrie N. Ayres of Granville. The receiver seeks to collect on a judgment of $10,533.86 alleged to have been given the bank against the defendants in the Supreme court of Washington county, N. Y., at Hudson Falls.

Although all of the parties concerned live outside of Vermont, the suit is brought in this state because the defendants are said to have attachable property in Vermont. James P. Leamy of Rutland is attorney for the receiver.

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Two Closed Banks To Pay Dividends; Directors Elected

Stockholders of Vicinity Institutions Name Officials

FUNDS AWAITED

Receivers of Granville and Mechanicville Depositories Announce Payments

Receivers of the closed Farmers' National Bank of Granville and the Manufacturer's National Bank of Mechanicville announced they were again to pay dividends on claims filed by depositors yesterday as stockholders of operating banks throughout this section of the state met to elect directors for the ensuing year. In most cases the directors met immediately and elected officers.

Claimant depositors of the Granville bank will receive within the next few days about $195,000 in dividends from the federal receiver, H. N. E. Gleason, the dividend representing eighteen percent of the savings on deposit when the bank closed January 7, 1932. Distribution started yesterday afternoon.

Dividends totaling 55 1/2 percent of the savings in the bank when it closed will have been paid out when the current dividend, the third paid, is distributed. The first dividend of twenty-five percent was paid in October, 1932, and the second of 12 1/2 percent in December, 1933. The bank was obliged to close its doors following a heavy run of depositors.

The Mechanicville bank dividend is for seven percent on the claims filed by depositors and is the fourth to be paid by the receiver, Pardon C. Rickey, bringing the total distribution to depositors up to seventy-four percent in less than four years after the closing of the bank.

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Receivers of the closed Farmers' National Bank of Granville and the Manufacturer's National Bank of Mechanicville announced they were again to pay dividends on claims filed by depositors yesterday as stockholders of operating banks throughout this section of the state met to elect directors for the ensuing year. In most cases the directors met immediately and elected officers.

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Bankruptcy Action to Block Recovery on Court Judgment

UTICA, Jan. 25.—Miss Theresa M. Keenan, of South Glens Falls on January 16 obtained a judgment for $8,342 against Lipman Jacobs, a tailor of 701 Hamilton street, Schenectady, but she isn't going to get the money.

Today Mr. Jacobs filed a bankruptcy petition in U. S. Court here stating that he cannot pay his debts which total $9,107, including the judgment. On January 22 Miss Mary McCarthy of Schenectady obtained a judgment for $270.

James H. Hitt, Hebron filed a voluntary petition in bankruptcy in Federal Court today with liabilities of $4,199 and assets of $925, livestock and farm equipment. The petition was filed through Attorney Milford D. Whedon of Granville.

The dozen creditors include Jennie E. Hitt of West Pawlet, Vt., $2,800; H. N. E. Gleason, receiver of the Farmers' National bank of Granville, $445; S. Weinberg estate, $56 and Louis Krause, $46, of Granville and Salem National bank and Wesley White, $250.