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Lincoln Bank Asks Receiver to Bring About Liquidation LINCOLN Directors of the Lincoln National bank Saturday morning adopted a resolution requesting the federal comptroller of currency to appoint a receiver of the American National bank. The action followed expiration of a contract Sept. 29 between the American National bank and the theLincoln National bank. Oct. 1931, the Lincoln National bank took over the American National bank and under a two year contract assets of the latter were pledged against $1,232,000 deposits which were taken over by the Lincoin National bank. Under terms of the contract at the end of the two year period remaining assets of the American National would be turned over as collateral for the balance. total of $294,000 liability of the American National is involved. Book value of assets of the American National bank which passes to the Lincoln National bank is said to total approximately $434,000 and the government banking authorities will be asked to make an appraisal of this collateral. In addition stockholders of the bank have liability of $150,000. A receiver for the American Na. tional bank is expected to be named within short time. William H. Berger who is in charge of headquarters of the depositors' committee which is endeavoring to raise $120,000 capital and surplus required for organiza. tion of new bank, announced slightly over $45,000 has been raised so far. Of the $180,000 $60,000 must be new money and the balance from depositors who have accounts frozen in the Lincoln National bank.