Evening Republican, Volume 14, Number 37, Rensselaer, Jasper County, 12 February 1910 — More Money in Sight for Goodland Fowler Bank Creditors. [ARTICLE]

More Money in Sight for Goodland Fowler Bank Creditors.

Grant flail’s visit to Bloomington, Illinois, was prolific of good results. He closed up the sale of the Arkansas land to Mr. Prince and received cash and yotes for the full amount of the sale. He also found a man who will take up the notes if he can have them all and the receiver will rebate the interest up to the time of maturity, a matter of a few months over a yentr and amounting to perhaps abouW2y--000. If this were done the depositors of the Fowler bank would be paid in full within thirty days. This would also give the Goodland bank the sum of $13,672, which, if we understand the situation rightly, would also enable that institution to ,pay out in full at once. Mr. Hall is of the opinion that this is the proper method of proceedure at this time and feels, that the depositors should have their money at the earliest possible moment. Judge Lairy, of Logansport, is opposed to the plan, however. He is willing to discount a part of the notes, but not all of them, which means that the man with the money will take none of them. If there is any further delay in the matter the responsibility of it will rest with Judge Lairy. Another year’s delay in the settlement of the affair will profit the depositors not a penny and the expense of the receivership for the additional time will practically eat the amount of interest which will accrue. If the question were left a vote, of the interested parties at least 99 per cent of them would vote to rebate the interest and pay the depositors the money for which they have waited so patiently.—Fowler Review.