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BANK LIQUIDATION IS PROVING SLOW Inability to Collect Loans Cited by Schramm in Report Released Slow liquidation of insolvent banks due to inability to collect outstanding loans and to market securities is indicated in the various reports of A. A. Schramm, state bank superintendent, filed in circuit court here Wednesday. The reports concern insolvent banks at Scotts Mills, Stayton, Hubbard and Aurora. Schramm's report shows that on the period from November 14, 1931 to May 14, 1932, commercial loans of the Aurora State bank were cut down from $91,240 to $84,674. Savings loans were reduced from $31,149 to $30,457. No additional dividends have been paid. Total dividends to date have been 50 per cent of savings claims aggregating $90,307 and $60,487 on commercial deposits aggregating $172,839. The State Bank of Hubbard's loans in the commercial department have been reduced from $34,281 to $32,527 in the same period while in the savings department in the six months' period the loans have been cut from $16,982 to $16,442. Half of the savings claims of $50,084 have been paid while $28,761 has been paid out as a dividend the $82,380 due to commercial depositors. Commercial deposits approved for prorated dividend in the Stayton bank are $215,409 while savings deposits total $122,273. Secured deposits total $31,196. The court accepted a plan of the bank superintendent for a division of moneys received on stock assessments between the savings and commercial departments of the insolvent banks.