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RECEIVER REPORTS ON MARION BANK who has been acting receiver of the First National bank, which closed December today made his first the public showing the assets of the bank exceed the liabilities by $170,985 The total assets are given as $1,952,643 and the liabilities as 781 657 He has cash on hands of $158,000 and the ability of the bank to make an early will on the collection of outstanding
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OFFER FOR BUS LINE Reindeer and Greyhound Seek to Acquire Indiana Coach. By Times Special MARION, Ind., May 23.-Authority of the public service commission has been requested following permission granted by Judge Oren W. Dickey to attorneys for Reindeer Stages, Inc., and Greyhound Lines, Inc., to take over the operation of the lines of the Indiana Safety Coach Corporation. The First National bank here recently was appointed receiver for the Indiana corporation. The receiver informed the court that the lines had not been operated at a profit and requested permission to turn them over to the other firms. Both the Reindeer Stages and Greyhound Lines are believed interested in continuing the operation of the lines until they are offered for sale by the receiver.
HOLDS CLAIMS CASE HEARING Superior Judge Oren W. Dickey today heard evidence claims filed against receivers in two cases pendin his court. Claims totaling $5,800 were lowed as general claims against the First National Bank, receiver the Indiana Safety Coach Corp The court claims parts of claims totaling $23,000. Creditors of the defunct concern will receive 15 cent claims which now total The court also allowed claim filed by Mrs Mand Kinnear against National bank. ceiver for the Kinnear in the sum The claim was allowed as general claim. A. A. U. RE-ELECTS BRUNDAGE KANSAS cluding annual convention the of Avery Brundage of Chicago, as president, and the selection New York its 1932 convention city, the Amateur Ath letic Union prepared today form an alliance with the Y. M
FILES FINAL REPORT IN RECEIVERSHIP CASE Final report of the First National Bank, receiver for the Kinnear Jewelry Co., today was filed in the Grant superior court. The report was approved and the receiver was discharged. The was charged with including $3,850 received from the sale of the assets. Expenses the receivership totaled leaving balance $2,029.13 that was distributed to creditors, who received approximate20 percent on their claims.