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WHITING STATE BANK RECEIVER'S STATEMENT (Continued from Page One) bank to the appointment of the rebank to the bills ceiver, the sold to payable was due, loss to the Cenapply on loan at tral State bank, in the amount of $13,385.96. It was important and essential to prevent further loss that this obligation be paid securities and reand the bank. This has been turned to the INDEBTED FOR RENT "When the receiver took charge of the bank he found that it was indebted for the banking rooms occupied by it, to the Central State Realty company in sum approximating $23,493.50 and also oblease for twelve ligated under years come, and in this connection found that the Central State Realty company to the bank in approximately the same sum. The in to pay its obligation; in fact, after the realty was also placed in charge of receiver in an action by of the preferred stock of that so settlement was effected whereby the two items of indebtedness were cancelled and in addition the bank released from obligaunder its lease. This ment resulted in great saving to the depositors and creditors of the addition the foregoing item of bills payable, the has collected the sum of $66,706.26 or total of $147,458.08, and has now on hand in cash, and earning six per which deposit is propcent by bond, the sum erly secured $60,545.21. This amount with that which will be collected from Octo3, 1931 on can be used to pay back to depositors on their claims just as as the courts decided what are and what are not The question of whether ferred claim is pending in the Supreme court of the state, and as the Central State bank had on deat the time large posit public no dividends sum of can be paid until that question has been decided or the has collected sufficient funds to cover all claims for do the latter, will be required as many of the investof the bank are not yet maments tured or due. will be further noted that the which follows, of $12,187.94 and shows earning ordinary and usual operating ex-