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RULING MAY SHATTER WILD DEPOSITORS' HOPES Future dividends to depositors of individual notes aggregating $100,000 to the receiver. Interest total on the defunct J. F. Wild & Co. State the notes raised the obligation to bank will be reduced materially be$125,000. Notes were executed by Robert I. cause of a recent ruling of the apTodd and John J. Appel, now dead, pellate court in which the bank's and Frank M. Milligan. Todd and receiver was prohibited from collectAppel each executed $25,000 notes ing three notes aggregating $125,000, on the bank prior to the closing, Probate Judge Mahlon E. Bash said and Milligan executed a similar in a statement issued today. paper for $50,000. Milligan and Hopes of Richard L. Lowther, reexecutors of the estates of Todd and ceiver, to pay out a total of 72½ per Appel sued to avoid payment. cent to depositors may be shattered, Bash's statement read: Bash indicated. To date depositors "If the decision of the appellate have received 62½ per cent of court stands the final dividend to money on deposit in the bank at the depositors will be reduced matetime its doors were closed in 1927. rially. This shrinkage of $125,000, Lowther indicated today a retogether with complete loss of the hearing will be asked of the appelbank's interest in the Wild building, late court on the decision as handed Majestic building, Elevator Realty down Thursday. Company, Inglerose Investment The appellate court, Bash pointed Company, and many other worthless out, upheld a Marion superior court securities makes the bank insolvent decision which released three Inby almost $900,000. dianapolis financiers from paying
