Jasper County Democrat, Volume 11, Number 75, Rensselaer, Jasper County, 20 February 1909 — WILL DECLARE FIRST DIVIDEND. [ARTICLE]

WILL DECLARE FIRST DIVIDEND.

Trustee of Parker Bank at Remington To Declare Dividend Feb. 23 The referee in bankruptcy, John O. BoWers of Hammond, has notified the creditors of the /Parker bank at Remington which failed in December, 1907, and also the creditors of the Bank of Kouts, a branch bank of the Remington concern which recently came into the hands of the federal court, that a meeting of creditors of the two banks will be held at his office in Hammond on next Tuesday, February 23, for the purpose of declaring a dividend in each.

The dividend in the Remington bank will be about 10 per cent, we understand, but we are not advised as to what it will be in the Kouts bank. The latter, however, is said to be in pretty good condition and it is likely the dividend in that case will be considerably larger. This will be the first dividend to be declared in the Parker bank, which failure was one of the worst and most complete that ever took place in this section of , the state, with liabilities of upwards of $300,000 and assets of very little value. Mr. Parker, who was the trusted banker, confidant and advisor of the whole of that well-to-do farming community surrounding Remington, is now in the penitentiary at Michigan -City, serving a sentence of two to fourteen years for the betrayel of this confidence. He is now about 62 years of age, and it is not likely that he will ever breathe the free air of liberty again while life lasts. The law has been satisfied, but the people who trusted their money in this bank will get a very small per cent of it back in dividend dribs.