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BANK RECEIVER METHOD USED (Continued From Page One) der district heads. The report of Mr. Baird's office to the Workmen's Compensation bureau shows that for 115 banks the employes were as follows: General receiver, 8 district heads, 12 stenographers and clerks, 17 bookkeepers and auditors, 23 collectors. As the organization expands the same number of employes will be able to handle many more banks. The comparative figures represent a condition on Oct. 6, 1923, none being available since that time, but the employes have increased slightly with the taking on of more banks. Collections Exceed Expenses The organization now is collecting much more money, through interest paid on notes, and other methods of liquidation, than the expenses of the closed banks, a condition which was not true in many banks under the old method of handling them. During the month of April, 1924, the entire expense of receivership was $11,459.78 and the total collections during the month were $45,178.56. The general receiver has already ordered one dividend, and others are expected later. Expenses Compared A comparison of the expense of handling banks under the old method and the new follows: Previous Monthly Average | Under new law, month of April Peoples State Bank, Leith ... $ 326.08 | $150.25 Dazey State Bank, Dazey ... 134.82 | 40.53 Farmers & Mchts., Robinson ... 325.00 | 12.50 Farmers Bank, Hazen ... 511.60 | 59.13 First State Bank, Dawson ... 1,407.13 | 44.65 Williston State Bank ... 700.00 | 233.56 First State Bank, Ruso ... 184.60 | 136.14 Slope County State Bank ... 389.40 | 75.00 Bank of New Rockford ... 802.40 | 143.99 Scandinavian American, Van Hook ... 530.50 | 258.60 First State Bank, Sawyer ... 354.20 | 53.63 The chief method by which savings are accomplished is that one competent man may handle the business of three or four banks, and the necessity of the appointment of a receiver for each bank is avoided. WDAY To Broadcast Ceremonial Music Opening ceremonies, the musical program and the talk by Conrad V. Dykeman, imperial potentate, at the traditional banquet of El Zagal shrine tomorrow night will be broadcast over WDAY, Radio Equipment corporation station, Fargo. The musical program will include numbers by the El Zagal chanters, bugle and drum corps, band and oth-
