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BANK'S RECEIVER IS AUTHORIZED TO DISCOUNT ASSETS Court's Order Involves Claims Having Face Value of $156,270. In an order issued today by Judge H B. Boies in district court the receiver for Waterloo Bank & Trust Co. is authorized to compromise, setfle or sell personal assets in his hands amounting in face value to $156,270.61 as in his judgment he deems best. The order was on application of L Andrew. superintendent of banking in Iowa and receiver. who stated all such items scheduled are practically uncollectible and in his opinion the only way to derive any proceeds therefrom is to compromise settle the claims for less than the face value When the hearing on the application was called at 11 m. today. no one made appearance to offer objection The personal assets which three years of efforts by the receiver have failed to convert into cash consist of the following classifications:* Bills receivable $118,594.50 Real estate loans and int. 34,952.19 Special deposit loans 999.08 So-called cash items 289.74 Overdrafts 1,435.10 Total $156,270.61