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ACTION AGAINST BANK RECEIVER LIEUTENANT GOVERNOR AND BONDSMEN OBJECT OF MOVE TO COLLECT SHORTAGE Little Rock, Nov. Seeking collection on the $15,000 bond of Lieut. Gov. Lawrence E. Wilson as liquidating agent of three south Arkansas banks, State Bank Commissioner Walter E. Taylor today notified the bonding company of shortages amounting to $7,717.55 existed in the accounts of the Louann State Bank and the People's Bank of Stephens. In addition, Mr. Taylor announced that an examination of the People's Bank revealed other items such as missing notes and charges to various expense accounts held by the banking department to be unreasonable and inaccurately reported, amounting to Final detemination of these items, Mr. Taylor said, depends upon the value of the missing notes. If not otherwise accounted for and by the determination of the allowance of quesionable items which Mr. Wilson contends are legitimate expenses. The bank commissioner said it was possible final determination of these would require hearing in chancery court which has jurisdiction ove the liquidation. The lieutenant governor resigned as liquidating agent for the three banks after H. A. Daugherty, state bank commissioner. had reported shortage of $3,131.34 in the Louanr bank's accounts. Mr. Taylor said in a formal state. ment concerning the alleged shortages today that Mr. Wilson had de livered cancelled vouchers against his accounts which satisfac torily cleared up items totalin of the short age, leaving the net balance the bank from Mr. Wilson of $2. He said the report of Examine Daughtery on the Stephens bank showed $4,970.51 consisting of un accounted for cash and overdrafts in the salary account due the bank by the lieutenant governor.