Jasper County Democrat, Volume 12, Number 85, Rensselaer, Jasper County, 5 February 1910 — THE BALDWIN-DAGUE BANK MATTER. [ARTICLE]

THE BALDWIN-DAGUE BANK MATTER.

Grant Hall’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 notes 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 receivers will rebate the interest up to the time of maturity a matter of a few months over a' year and amounting to perhaps about $2,000. 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 with the money will take none of them. If there is any further delay in matter the responsibility of it will rest with Judge Lairy. Another year’s delay in the settlement of the affair will profit the deposiors not a penny and the expense of the receivership for the additional time will practicably eat up the amount of interest which will accrue. If the question were left to a vote of the interested parties at least 9 9 per cent of them would vote to rebate the interest and pay the depositors the money for which they have waited so patiently.—Benton Review.