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SEEKS TO HASTEN OIL SETTLEMENT
First Trust Bank Receiver Is Anxious to Close Affairs in Near Future.
Dispatch Special Service.
East Moline, Aug. 12.—Effort will be made soon by John F. Delany, receiver of the closed First Trust and Savings bank, East Moline, to hasten settlement between the bank and an oil syndicate which is said to be the largest single debtor of the bank.
Attorneys for officials of the company have told Mr. Delany that a list of the securities to be offered for the loans made to the syndicate by Henry D. Setzer, former cashier, will be submitted soon to the board of directors. Mr. Delany declared this morning that he would insist that this list be presented soon in order that negotiations may be entered into for a settlement.
"They have assured us that ample securities will be offered," the receiver said.
Other affairs of the bank are being rapidly brought to a definite head, Mr. Delany says. Many loans have been collected, other notes have been strengthened with additional security, and collection of the 100 percent stock assessment was completed yesterday. Approximately 90 percent of the assessment was paid when the report was sent yesterday to Andrew Russel, auditor of public accounts.
Suit will be brought by the attorney general against the stockholders who failed to pay the assessment.
The bank has been closed since July 1 when H. D. Setzer, the cashier, disappeared. He was later apprehended at Downs, Kas., and returned here. Affairs of the bank were placed in the hands of Mr. Delany, as receiver, and it was understood that his period of supervision should continue for sixty days.
Chemist States Seven of Ten Silvis Milk Dealers Fail to Meet Regulations.
Dispatch Special Service.
Silvis, Aug. 12.—Seven of the ten milk dealers in Silvis are distributing milk which contains an excessive amount of bacteria, according to a chemical analysis made by A. E. Anderson, Moline, whose findings are announced today by Dr. J. H. Fowler, city physician.
The report will probably be the incentive for immediate action by Silvis health authorities. Dr. Fowler has been assured of the support of the state health authorities, and working in conjunction with F. R. Lewis, sanitary food inspector, will notify the dealers that they must correct the situation or quit the milk business.
Samples of milk from all distributors contained the required amount of butterfat, 3 percent. Only three, however, showed milk containing less than 200,000 bacteria, which amount should not be exceeded at this time of the year, says Dr. Fowler.
Following is the report of the findings of A. E. Anderson, Moline chemist, as made public by Dr. Fowler:
Pete Fontenoy—Butterfat, 4.1 percent; bacteria, 1,100,000.
D. L. Metz—Butterfat, 3.2 percent; bacteria, too many to count.
J. Seitz—Butterfat, 3.8 percent; bacteria, 288,000.
Otto Stamp—Butterfat, 3.1 percent; bacteria, 2,400,000.
Reuben Swanson — Butterfat, 3.5 percent; bacteria, 170,000.
Schubert, Oak Grove dairy—Butterfat, 5.1 percent; bacteria, 100,000.
Frank David—Butterfat, 4.3 percent; bacteria, 160,000.
DeCoster brothers—Butterfat, 3.5 percent; bacteria, 1,800,000.
Van Echkoutt—Butterfat, 3.3 percent; bacteria, 4,200,000.
Rollin R. House—Butterfat, 3.2 percent; bacteria, too many to count.
