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Franklin Trust Dividend Of $2,200 is Promised DONALD ZOLMAN NAMED TO HEAD RILEY ALUMNI Donald Zolman president of the Riley High School Alumni amociation at Tuesday evening school building Her replaces Rob treasurer for the coming year Other officers are John and Mr man appointed the following to arrange for alumni pienic July Mr Man Jeanne Yockey Emmagene Ullery and Florence Ridenour 400 Depositors Will Get Payment Next Week. More than 400 depositors of the Franklin Trust company will tain more than of the money they had on deposit when the bank closed Oct early reported today by Miss Ethel Weaver and Ora attorney for the bank's receiver The dividend was made possible through recent order down by Circuit Judge Dan Pyle which transformed all deposits made after Jan 1928 into preferred claims petition filed by Donald Swisher Mr Parker said the order cleared the way for the preferred will followed soon by general dividend to all depositors Mr Parker added that the work of preparing checks for the pre. ferred depositors IN going forward rapidly and the checks probably will ready either Monday Tuesday of next week He said the distribution will be prorated cording the amount of money deposited after 1928, at which time Judge Pyle ruled the bank insolvent For this reason all monies deposited in the bank were taken despite the fact bank making those deposits preferred claims.
