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THE COURTS. The State Savings Bank and Its Calumet Bonds. An Important "Elevator Oase-Record of Judgments, Now Suits, Etc. THE STATE SAVINGS BANK. In the case of the State Savings Bank, the Receiver filed n petition yesterday stating that among the assets of the Institution are 310 of the first-mortgage bonds of the Calumet & Chicago Canal and Dock Company, par value $1,000 each, all dated Sept. 1, 1875, and due in five years with 0 per cent Interest; also, 3,503 shares of full-paid capital stock of the Company, par value $100 each. The principal and a large amount of Interest nie due on the bonds. No has received from J. Otls Wetherbee the following offer: CHICAGO, Feb. 23.-To the Hon. L. B. Other Rccelver of the State Savings Institution: I propose, on behalf of myself and others whom I reprosent at Boston, to purchase from you 310 tirstmortgage bonds of the Calumet & Chicago Canal and Dock Company with the coupons attached, also 3,500 shares of the capital stock of said Company of $100 each, making $350,300 of stock In all, at its face ($350,300), and to pay for said bonds, conpons, and stock what is due and payable upon said bonds and coupons, according to their topor, and $10 por share upon said stock; payment to be made upon delivery of bonds, coupons, and stock after the sale shall have been approved by the Circuit Court of Cook County. Yours very truly, J. OTIS WETHERBEE, by Geo. W. Smith, his nttorney. The Receiver was authorized to offer these bonds and this stock for sale to the highest bidder for cash. such sale to be made not less than ten days from the present time at the office of the Receiver, notice to be given by publication five thues, and If no better bid is made than that of Mr. Wetherbee, then the bonds and stock are to be sold to him.
