70801604 7080
national
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MAY SELL BANK ASSETS. Receiver of Athol Institution Gets Permission from Federal Court. BOSTON, Nov. 14.—Approval of the sale of about $600,000 of assets of the Millers River National bank of Athol to "approved committees" at the best possible prices was granted C. Edward Rowe, receiver of the bank, by Judge Elisha H. Brewster in the federal court here yesterday. The court approved a lease of the closed bank's
ATHOL PAYMENT OF SECOND BANK DIVIDEND STARTS About $600,000 Being Distributed to Depositors in 25 Per Cent Shares Athol, Dec. Edward Rowe, ceiver Millers River National bank, and Robert receiver the Athol National bank nounced this that per cent dividend would be paid immediately depositors have proved claims. Payment started banks tonight. for being delivered surrender positors bank books either stated divimade possible this untiring effort work the employes trust, aid treasury department, insolvent national and the Reators David Walsh and Coolidge helpful, stated, making this possi- Tomorrow and Friday may be obtained at either the Nationbank funds from Millers River National bank for from and on from that either Receiver change street or the Athol bank. This, the second 25 cent dividend paid, amounts about ,the same as the first dividend.
TWO ATHOL BANKS GRANT DIVIDENDS 25 Percent Payments Are Allowed by Receivers Special Dispatch to the Globe ATHOL, Dec 20-C. Edward Rowe, receiver of the Millers River National Bank, and Robert E. Greenwood, receiver of the Athol National Bank, announced late this afternoon that a 25-percent dividend will be paid immediately to all depositors who have proved their claims. Payment was started at both banks tonight. Checks for a 25-percent dividend will be delivered upon the surrender by depositors of bankbooks in either bank. The receivers state that this divident was made possible because of the untiring effort of the employes of the banks, the aid of the Treasury Department, the division of insolvent national banks and the Reconstruction Finance Both Senators David I. Walsh and Marcus A. Coolidge were also helpful, it was stated, in making this divi- dend possible. On Friday dividends may be obtained at either the First National Bank for funds from the Millers River and at the Athol National Bank for those from that institution from 9 m to 9 P m and on Saturday from a m to 6 p m. After that payment will be made at either Receiver Rowe's office on Exchange st or at the Athol National Bank. This is the second 25-percent dividend to be paid and amounts to about $600,000, the same as the first dividend.