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COMMERCE BANK'S RECEIVER AT POST Confers with Stockholders' Head; U. S. Probe Asked. Rensselaer L. Curtis, appointed receiver for the old National Bank of Commerce by Comptroller of the Currency Henry M. Dawes, opened offices yesterday at No. 54 State street, preparatory to his work of supervising this disposal of the assets of the bank. Mr. Curtis explained yesterday that the task which he faces is rather unusual. He said that the receiver, appointed by the comptroller when the latter becomes dissatisfied with the bank's financial status, ordinarily must dispose of the assets of the bank, furniture, fixtures, buildings and collateral, and turn over the proceeds to the creditors. In the case of the National Bank of Commerce, he said, the liabilities have been assumed by the new National Bank of Rochester. Assets, in the form of collateral, also have been turned over, he said, and his task will be to see that these are disposed of as advantageously as possible, to the end that any surplus may be turned over to the stockholders. Mr. Curtis conferred yesterday with Howard Sneck, of the Business Men's Committee of the National Bank of Commerce Protective Association, formed of stockholders of the old bank. The association has opened headquarters in the Powers Hotel, and is planning a meeting of stockholders in the near future. Mr. Sneck announced yesterday that he had written to President Coolidge and to Comptroller Dawes, asking for an investigation of the taking over of the assets and liabilities of the old bank by the National Bank of Rochester.
