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CAMP PETITIONS FOR BANK RECEIVER SCHROLL PROMISES STATEMENT OF CONDITIONS OF DECATUR BANK SOON Unofficially it is reported there are 2,500 signatures on the 50 petitions being circulated in behalf 01 Camp as the choice of the de positors for receiver of the Farmers State bank of Decatur. The heading of the petition reads as follows: the undersigned, each being creditor of the Farmers State Bank and Trust Co., of Decatur, III. inois, in the amount set opposite our respective names, do hereby respectively petition that Francis M. Camp, of Decatur, Illinois, pointed receiver said bank. our Intention in signing this petition to express our desire that such appointment be made. regardless any other appointment which has been made previously, or is in contemplation of being made. The despositors' committee, which made an heroic effort last week to make the receivership unnecessary by organizing new bank to take over the assets of the closed one, has not disbanded, but is held subject to call In case new developments should arise that would make feasible the carrying out of the plan for new organization. After several days of almost con stant work the port of John Schroll receiver of the insolvent bank, and his assistants. hopes to have ready within the next hours complete statement 01 the affairs of the bank for the information the depositors, it was said Monday. While the statement, at the time, cannot be expected to be complete. since time only can tell bility of large number of the notes bank, will haustive as is possible, Mr. Schroll gave assurance. Such statement expected to give as authoriative an indication as can be obtained at this time as to the percentage of their accounts that the creditors may hope to collect when the liquidation is completed. policy from the start has been to keep the depositors fully informed as to what is Mr. Schroll declared. have right to know and they're going to know soon we can compile enough authoritative data to give them real insight into the conditions here. It's no one day job, but will soon have enough to make possible real statement of affairs." The law provides that the state auditor shall from time to time, as cash is accumulated during liquidation make ratable dividend payment to creditors whose claims have been proved. How soon such payment will be possible there no way of, telling at time. Mr. Schroll expects, however, get enough money on hand the earliest possible date justify the first payment, although will be, in probability, small one. Proof claims on the part of depositors simple matter, and they will be put to no disadvantage by the fact that the great majority the books were turned in shortly after the bank closed, for ba!ancing, Schroll explained. Drafting of forms for proof of claims all descriptions has been one of the tasks occupying the time of the recelver for the past several days. Outstanding checks written by depositors on the closed bank, pecially checks issued after the bank was closed, do not constitute claims, now believed. In such cases, understood that the checks will have to be turned down and that the depositor will be given an opportunity to prove his claim on the basis of the full amount of his account. As is possible, the bank will be opened for the collection of obligations and that. in all probability, will be within the next few days. Demand notes, it understood, automatically became due when the bank was declared in solvent. The handling of time paper is to the receiver.
