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STOCKHOLDERS SUED BY BANK RECEIVER HAMMOND, Ind., Jan. 6.—(U.P.)—Collection of assessments on bank stocks is sought in six suits filed in the United States District Court here by Joseph Gamble, receiver for the defunct National Bank of Monticello. The assessments are directed at shares of the bank's capital stock. Defendants in the suits are George T. Marvin, Samuel V. Young, John L. Lowe, Evelyn Fairfield, Delbert M. Hatton and George Kassbaum, all of Monticello.
SEEK TO COLLECT ON ASSESSMENTS FIRST OF SUITS FILED TO COLLECT ASSESSMENTS ON STOCK IN DEFUNCT NATIONAL BANK The first of the suits to collect sessments on stock in the defunct National Bank of Monticello have been filed in federal court in Hammond by M. B. Beard, of Monticello, attorney for Joseph Gamble, Washington, D. general receiver of national banks, ed by the comptroller of the ury to liquidate and close up the fairs of the institution. The suits as follows: Samuel Young, $750 on 10 shares of stock; John L. Lowe, $75 on one share; George Marvin, $150 on two shares; Mrs. Evelyn Fairfield, $75 on one share; Delbert M. Hatton, $75 on one share; and George Kassabaum, $300 four shares. These stockholders are part of group who some time ago decided contest the assessment. probable that of will tried test for the remainder. It is likely that other suits will be filed by the attorney for who has been instructed by Mr. Gamble to bring action against collectable stockholders who have not paid their assessment. to the best advices the Herald is able to obtain, the 75 per cent assessment will be sufficient to close up the affairs of the bank. The receiver recently made payment $8500 deficiency note the Trust Company, thereby stopping the interest to large extent, and cutting the note down to figure which apparently can easily be taken of by the final installments, the last of which will be due January 9th. There even possibility that the stockholders may small refund. If after the collection of the 75 per cent assessment, the funds which not be needthe money and remaining will be turned over to sentative appointed by the shareholders who have paid their ment, and he will complete quidation and pro rata the balance among the shareholders.