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JOB-MAKING PROGRAM LAUNCHED BY LEADERS SUES BANK STOCKHOLDERS Receiver Claims 100 Per Cent Assessment Not Made. collection $22,against two capital stockholders the insolvent Olympia Nationbank filed in federal court by Douglass, receiver The stockholders, Earle McRoskey and John C. Van Etten, the estate the late Clara Etten. have allegedly failed per cent assessments levied against their stocks
GREEN SUED FOR $25,000 BY BANK TACOMA, Sept. 7.—(AP)—O. M. Green, former Olympia banker, is named defendant in a $25,000 suit filed in federal court by H. W. Douglas as receiver of the defunct Olympia National Bank of Olympia, which closed its doors last January 22. The bank receiver seeks collection of a 100 per cent assessment on 250 shares of the bank capital stock held by Green. Similar suits were recently filed by the bank against Earle McCroskey and the estate of the late Clara C. Van Etten, Olympia.
R. F. C. AIDS OLYMPIA BANK 18 Per Cent Dividend Will Be Paid Today. OLYMPIA, Oct. (A)-Aided by funds from the finance corporation, the Olympic National bank tomorrow will pay an 18 nounced today. The dividend will be the first paid by the institution since was closed January 22. The payment will mean the distribution of to 2740 depositors. Douglas said he was not authorized to reveal the amount money received by the bank from the corporation.
E. B. BENN IS NAMED BANK RECEIVER HERE E. B. Benn, former state senator and at present receiver for a Kelso bank, has been named receiver of the Olympia National bank here, succeeding H. W. Douglass, according to a statement issued by the federal comptroller of currency Monday. Benn will assume charge January 30. Douglass left Olympia Saturday night for Sacramento, Cal., and there he will assume charge of the California National bank which closed its doors Friday. F. C. Wing, assistant to Douglass here, is in charge of the bank pending the arrival of Benn.
E. B. BENN IS NAMED BANK RECEIVER HERE E. B. Benn, former state senator and at present receiver for a Kelso bank, has been named receiver of the Olympia National bank here, succeeding H. W. Douglass, according to a statement issued by the federal comptroller of currency Monday. Benn will assume charge January 30. Douglass left Olympia Saturday night for Sacramento, Cal., and there he will assume charge of the California National bank which closed its doors Friday. F. C. Wing, assistant to Douglass here, is in charge of the bank pending the arrival of Benn.
E. B. Benn, former state senator and at present receiver for a Kelso bank, has been named receiver of the Olympia National bank here, succeeding H. W. Douglass, according to a statement issued by the federal comptroller of currency Monday. Benn will assume charge January 30. Douglass left Olympia Saturday night for Sacramento, Cal., and there he will assume charge of the California National bank which closed its doors Friday. F. C. Wing, assistant to Douglass here, is in charge of the bank pending the arrival of Benn.
BANK RECEIVER SUES ON STOCK Collection of $10,000, plus attorney fees of $1,200, is sought by E. B. Benn, as received for the Olympia National bank in suit filed in federal court Wednesday against Flora B. Christenson of Olympia. The money is sought under three causes of action, each seeking assesments on capital stock of the failed bank. Benn, former United States marshal, is also acting as receiver for the First National bank of Kelso.
BANK RECEIVER REPORTS ON CONDITION Assets of Defunct Olympia National, Amounts Collected and Sums Paid Out Related
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# BENN PASSES # AWAY, SLEEP OLYMPIA, Wash., Jan. 10.-E. B. Benn, aged 67, the first white child born in Aberdeen, former State Senator and United States Marshal, died of heart trouble while he slept, here. He was receiver for the Olympia National Bank.
BANK RECEIVER SUES INVESTMENT COMPANY Suit was filed in Thurston county superior court Thursday by P. J. Mourant, receiver for the defunct Olympia National bank, against the Olympia Investment company, an Olympia firm. The action seeks recovery on three notes which, including petitioned attorneys' fees and other costs of action, total $10,684.04; and asks that a receiver be appointed for the investment firm. Hearing was set for March 26, before Judge John M. Wilson.
TACOMA, Sept. 21.—(AP)—An action seeking a court decree favoring $150,000 of state of Washington deposits in the closed Olympia National bank as a preferred claim, was filed in federal court today by the Standard Accident Insurance company of Michigan. The complaint recites that state funds of $690,768.45 were held in the bank at the time it was closed January 22, 1932, and that previous efforts of the state treasurer to have $251,591.74 of the amount classified