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Tipton National Reopening Depositors Show Inclination to Accept Conditions; Many Sign Waivers. Tipton busiattended meeting callthe Tipton Chamber Commerce, in dining room the Tinton hotel, Monday purpose of passing plans for the the Tipton National bank which, other banks of Cedar county has holiday until Feb. The by James Des Moines attorney, who explained plan whereby the bank may reopen and to serve this comare askeds to sign depositor's whereby they agree place 50 per cent their deposits for period five years, per cent interevery six months. The other 50 per cent be used to purchase like amount of least desirable sets of the bank, which are to be liquidated an orderly manner and dividends paid depositors fast funds are available. This last 50 per cent is to be placed trust fund, in charge of HarDodds, farmer west Tipton, CasterTipton attorney, and Rumble, former business man and present employee the bank. The directors of the bank, in turn, pledge the earnings the bank, during the period liquidation, to make any defiand be paid the stockholders during this period. The 50 per cent which placed in time deposits is pledgmost desirable assets the bank. The Tipton Chamber of Commerce the plan and committee was cure signers the depositor's similar meeting, which was held in the high school here Tuesday evening, attended by 300 depositors of the bank. The plan to the group able taken. It was announced that as soon the necessary were signed the would Bank who were pointed out that, under the as proposed, Tipton would have run proof which would able serve this community without fear. Deposits made after the bank reopens will not be bound by any depositor's agreement and loans can be deposits now in the bank order that there be no hardship to the depositors. While securities the bank are said to be sound, they could not be dumped on to the market the present time withthe depositors. Foreclosures, forced, would entail hardship to both the borrower but, it was exorderly over longer period, would be for the best interests all concernrealization of full 100 cent by the depositors not Similar plans are being adoptin other towns the county no trouble being found securing signers of the agreements. Each bank will open as soon as its depositors have signthe expected that will week. In the the Union Trust and Savings bank of 100 cent per signing of agreements fore-
