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FILES 3 CLAIMS OVER BANK CASE Receiver of Wabash Bank Seeks $6,000 Judgment Against Bank to Pay Stock Assessment Wabash, Ind., April H Kruse, receiver for the Farmers and Wabash National Bank today filed three claims against the Farmers and Wabash National Bank, administrator of three estates, asking judgment for $6,000 to pay a 100 percent assessment on stock in the closed institution. In each case it is set out that the comptroller of currency has ordered an assessment against stockholders in the bank and that the bank has sufficient funds on hand in the estates to pay the assessment asked. In the Amos L. Stephenson estate the sum of $1,000 is asked for 50 shares of stock he owned; the sum of $4,000 is asked from the Catherine Shively estate, representing 200 shares and. the sum of $1,000 is asked from the Anna T. Little trust, also representing 50 shares. Representatives of the bank announced today that a few of the stockholders have already made arrangements to pay their assessments, all of which are due by May 7 under the government order. Those so far paying have taken advantage of the 25 percent offer made by the government under which payments will be distributed over a period of four months, with one-fourth of the amount due to be paid each month. Under this plan there will be no interest charged on deferred payments. A total assessment of $160,000 has been ordered against stockholders in the bank, being 100 percent of the par value of the stock which was listed with a par of $20. In event stockholders fail to pay their assessments by May 7 the receiver has been given authority to start legal proceedings against them to collect.
