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LATE REALTY NEWS MORTGAGE DEEDS Joseph F. Egan to Charles C. Wiehn, two parcels of property on the westerly side of Hill street, $1,000. QUIT CLAIM DEEDS Salvatore Borrelli to Graziella Borrelli, real estate on the south side of Bronson street. Samuel Traurig to the Waterbury National Bank, temporary receiver, real estate on the northwest side of Lincoln street.
LATE REALTY NEWS MORTGAGE DEEDS Joseph F. Egan to Charles C. Wiehn, two parcels of property on the westerly side of Hill street, $1,000. QUIT CLAIM DEEDS Salvatore Borrelli to Graziella Borrelli, real estate on the south side of Bronson Samuel Traurig to the Waterbury National Bank, temporary receiver, real estate on the northwest side of Lincoln street,
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Judge Jennings also granted permission to the Waterbury National bank, receiver for the closed Kazemekas & Co bank, to deliver to respective owners, a number of Lithuanian government and United States liberal loan bonds. These bonds, Attorney L. Russell Carter, counsel for the receiver said, were held by the Kazemekas & Co bank for safe keeping and that the receiver of the closed bank had no legal right to them. The bonds amount to about $1,500, ranging from $50 to $100 each.
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FIVE MOTIONS ON CLAIMS AGAINST MERCHANTS TRUST They Were Filed in the BANKS OF STATE Superior Court To-day By the Receiver of the TO OBEY ORDERS Be Will Co Trust OF PRESIDENT Heard on Friday Five motions, relating the report Will Comply With the Four on the claims against the Merchants Trust Co. as outlined by Day Holiday and Re= State Referee Isaac Wolfe, were spect Command Issued filed in superior court today by the receiver for the Merchants Trust From White House Co. All motions will come up for consideration before Judge FredHartford. Conn, March 6.-(UP) erick M. Peasley at the short cal -Connecticut's banks and savings enlar session on Friday. institutions were closed to-day unChief among the motions is the der the terms of the state legal one asking that a more specific holiday ordered by Lieut-Governor statement be filed in support of the Roy C. Wilcox and the federal claim of the People's Bank & Trust closing order issued by President Co in the amount of $171,419.70 Roosevelt. The others motions include the While many banks did not heed acceptance of the state referee's the holiday proclamation Saturday. report; motion for allowance and except to place restrictions on disallowance of claims in accordwithdrawals of cash. none was beance with the referee's report: mo. lieved to have remained open totion for determining the status of day. the claims reported on by the state Clearing House associations in referee: motion seeking instructions the large centers had decided over as to the agreement with the Peo the week end it was necssary to pe's Bank & Trust Co. and its close banks until the free movement stockholders. of currency was reestablished, and In relation to the People's Bank the federal order from Washington & Trust Co., which incidentally the at midnight ended all doubt that largest of all the claims, the receiv the moratorium would be in full efer points out that the claim is feet in the state to-day. simply a brief statement that that In Hartford and New Haven the $171,419 is due under the terms bankers were prepared to carry of a merger agreement with the along with scrip. issued through Merchants Trust Co. The facts upthe clearing houses, So that the on which the claim is based. are normal flow of business would not not set up, the receiver states. be hindered In relation to the motion seekAt Waterbury the clearing house ing status on the claims. the reestablished a center where change ceiver asks the court to set a time and small bills were exchanged for and place for hearing all the claimbills of large denomination. ants so that the status may be finPossibility that the state holiday ally determined as to whether or would be extended also was seen not they are depositors in the Merto-day. Emergency legislation chants Trust Company or merely which will vest power over the general creditors. commissioner, was expected to be As to the motion on the agrees Continued on Page 8) ment between the People's Bank and Trust Company and the Merchants Trust Company, the receiver BACK AGAIN points out that the said agreement was entered into in January and IN HOSPITAL February of 1931, under the terms of which the banking business of the People's Bank and Trust CoinNorwalk, Conn Mar -(UP)pany and that the complete perIt's getting to be a habit with Dall. formance of the agreement must iel Flanagon of Fall River. Mass. be carried out by the contracting Six months after he was disparties in April of 1933. The recharged from Norwalk hospital afceiver asks whether it and the ter recovering from severe autoMerchants Trus Company should mobile injuries. he was back again carry out all of the agreements -the same trouble. His condition mentioned in the terms of the cong was regarded as good by hospita tract. authorities today.
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Payroll Checks Issued To-day (Continued from Page 1) bury banks will issue scrip remains to be determined. Austin L. Adams president of the Colonial Trust Company returned to Waterbury today from New York, where he arranged for the issuance of scrip to the local clearing house if needed. He is one of the committee of three bankers chosen at Monday's meeting to make all necessary arrangements for a substitute for currency, if the occasion warrants it. No decision will be given out until congress convenes tomorrow. Whether scrip will never be used in this city and whether the banks will reopen for general business Friday, Saturday or next Monday morning will be known within the next 24 or 48 hours. The Merchants Bureau of the Chamber of Commerce were notified today again as to what was expected of them. They are expected to accept factory payroll checks and those issued by the city of Waterbury up to a reasonable amount in exchange for merchandise or in payment of a bill. They are to be provided with sufficient fluid currency to carry on their business. They will be able to obtain cash daily during the emergency at the Menchants Trust company, but it will be a cash-for-cash proposition. No checks will be accepted for cash. To co-operate with the merchants the city of Waterbury and the factories issue checks ranging from $1 to $20. Most of the checks, however, are $1, $5 and $10. Merchants are expected to return the checks as change in any transaction. The whole arrangement is expected to be only of a few days duration. All banks are expected to be open for general business not later than Monday and they will take over the task of cashing of all payroll checks. The question has been asked thousands of times to the effect, what does a person receive for change if he makes a purchase and gives a check for $1 to a storekeeper in payment of an article valued at 30 cents. He will receive 70 cents back in quarters nickels, dimes or what the merchant has conveniently at hand. He is not obliged to take any credit slip or a specially devised scrip for use only in that particular store. If a merchant wishes to carry on business he is expected to carry sufficient change and to be reasonable in his dealings. The New Haven railroad owing to the conditions resulting from the bank holiday has announced a curtailment of service throughout New England. Busses running between Waterbury and New Haven on the New England Transportation company's lines are also affeeted.
BANK RECEIVER ASKS The Waterbury National Bank. receiver Kazemekas Co. bank, instructions on the of an order to liquidate $5,500 mortgage on propGreen street, petition filed superior court petition states the has an $500 to the mortwhich is appraised at $14,500. TWO TO BE ELECTED Bridgeport, June (UP) to the the 47th convention the grand council Connecticut, Royal Arcanum, which opens here tonight. About delegates will to attend which continue until Friday
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HEARINGS ASSIGNED The following foreclosure actions will be heard by Judge McEvoy in superior court, Friday morning. HOLC against Frank M. Kerner; HOLC against Karl Zepp and others; Ross E. Newell and others against Helen R. Walker and others: Waterbury National Bank, receiver Sanditz & Traurig Co. against Katherine Azunaris; Hattle M. Newton against Margaret M. Belcourt and others; Waterbury Savings Bank against Antonio Cilfore and others; HOLC against Charles J. Twiss and others.
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SANDITZ-TRAURIG TO PAY DIVIDEND Dividends amounting to $15,000 will be paid to depositors of the Sanditz-Traurig Company next Wednesday--and today the Waterbury National Bank petitioned the superior court for an allowance for services during the past six months. The dividend to be paid represents 10 per cent of depoists. The bank, as receiver, seeks an allowance for its actions from June 1, 1937 to December 1, 1937. Attorney L. Russell Carter counsel for the receiver filed the motion. The court is asked to determine the amount and order the payment.
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Application for an allowance of $750 plus employes' expenses was made today by the Waterbury National Bank, as receiver for the Sanditz & Traurig company. Judge Edwin C. Dickenson, to whom the petition was presented in superior © court, reserved decision.
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ORDER ON RECEIVER'S MOTION FOR A DISCHARGE FROM FURTHER LIABILITY The Waterbury National Bank, Receiver in the above entitled action, having filed a Motion for a discharge from further liability and for an Order of Notice, it is ORDERED-That said Motion be heard by the Court at its regular Short Calendar session at 9:00 a. m. Standard Time, Friday, June 23, 1939, in the County Court House at Waterbury, and that notice thereof be given by publishing a copy of this Order in the Waterbury American, the Waterbury Republican and the Waterbury Democrat, once, on or before June 21, 1939. BY ORDER OF COURT, GEORGE H. FREEMAN, 6-20-1t Clerk at Waterbury
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Authority to destroy cancelled checks, papers, and other records of the defunct Sanditz & Traurig Co., in connection with the termination of the receivership, was granted the Waterbury National Bank today in superior court by Judge Kenneth Wynne. Application for a final discharge of duties as receiver was
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Waterbury National Bank has been acting as receiver for the past several years. Numerous other matters are listed for action, among them an application for the payment of attorney's fees in the receivership of Charles A. Templeton, Inc., and several motions in regard to the receivership of Industrial Properties, Inc. Four uncontested divorce suits will be heard. They are those of Marie Mariano against John Mariano, Sadie Partridge Bartholomew against William Bartholomew, Leonard E. McGarty against Anna G. McGarty, and Mary Trumio Jones against Edward Jones. Temporary alimony and support orders are sought in several cases, and several foreclosure actions will be heard.
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BANK RECEIVERSHIP OFFICIALLY ENDED The final chapter of the receivership of the Sanditz & Traurig Co. was penned by Judge Kenneth Wynne in superior court yesterday, when he affixed his signature to the discharge of the Waterbury National Bank as receiver. All assets have been liquidated and a dividend totalling 45 per cent paid to depositors. In a previous decision, the receivership received permission to destroy documents pertaining to the company.