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Four Years Little Brings of Dividend Hope Despite of New Receivers Naming BELLEFONTE, Feb. than month Judge Arthur ago Dale appointed John Ginter, Tyrone banker; John Dale, tired State College farmer, and the Reed Steely, of Bellefonte, receivers for the Centre County Banking Company, and at the same time the 600 or 700 deposihad visions of an early distribution what money might be hand. Now looks there will be delay in the settlement of the bank's affairs. closed its doors May 13, 1922, almost four years committee depositors, seeking to fix liability for its instituted proceedings the Federal court for three years more the bank's affairs were tied litigation until the United States Court decided to the positors' committee. In the meantime Ivan Walker had been appointed temporary ceiver Judge Charles and he had charge of the bank's Failing to win their case in the Federal tion the deposiin the Centre County court for the of settle the liabilities. Upon petition of number of positors Judge Dale appointed three instead of one selected who heretofore been mixed in the affairs bank. three receivers, organizing, selected their attorthe judge, had retired from the bench on January Mr. Walker, the temporary ceiver, his been the Federal court, but the liquid assets turned to Receivers Ginter, Dale Steely not promise much of dividend the deposihis statement he specified that had collected $63.paid out cash balance of Of the money paid out, however, proximately went for bonds which bank negotiated collateral for loans previous to closing its When the bank suspended its were placed at less than $200,with liabilities approximating more than $400,000. this time not single distribution has been made the actual cash hand only about $30,000. There are other assets, will be necessary get court orders to disof estate, the that no definite statement be made the receivers just when made.