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THE BANK NOW IN GOOD CONDITION MACON COUNTY CONCERN SHOULD CONTINUE SAYS MILLSPAUGH Finance Commissioner Thinks The Wise Thing to Do is to Organize For Reopening and Operation. While Frank C. Millspaugh, State Finance Commissioner, was here this week he said he was very much pleased with the condition shown of the Macon County Bank; it was much better than he had anticipated and he added that Mr. W. E. Todd, bank examiner, and his assistant, C. L. Stout, had done some splendid work in getting in the assets and putting in shape the records and that they deserved high credit for their industrious and loyal service. Mr. Millspaugh said there were two things for determination—either to dispose of the bank to some people who will operate it or to appoint a receiver to liquidate it. The organization of a good company to run the bank was the plan favored by Mr. Millspaugh. That would mean the payment of the depositors in full and a valuable concern for Macon's Commercial channels. In the event a receiver is appointed, it was pointed out, the expense of a receivership would have to be met out of the bank's assets. Mr. Todd stated that his work here was practically finished. The accounts have been certified and the records are in shape for whatever disposition may be made of the property. "I would like to say here that the depositors and customers of the Macon County Bank have given us their loyal support and we sincerely appreciate this," Mr. Todd remarked this morning. "This has made it possible for us to accomplish our work satisfactorily. "It occurs to me that as this bank is now in good condition that it would be a mighty good thing for the community if some organization could be formed with men having the interest of the community at heart and who would make good officers and directors of the bank and subscribe a new capital stock and take over and reorganize and continue to operate the bank. I think that would be the wise thing to do, and best for the interest of all. If this is not done it will be necessary to appoint a receiver with the consequent expense of such procedure." Mr. Todd said his work was virtually finished, and that if anything was done toward reorganization it should be done at once.