Rensselaer Semi-Weekly Republican, Volume 36, Number 70, Rensselaer, Jasper County, 26 April 1904 — The Situation to Date. [ARTICLE]

The Situation to Date.

Up to the time f goimz to press there have been no ne w developements in the bank fai’ure case, in the way of schedules filed, or assignee’s bond presented; nor other matters of public record. It can not be concealed howevei that facts as they develope through unofficial sources constantly make the situation Lok more unpromis ing for the depositors. Some of these, with large sums deposited now offer to sell their claims as low as 33 cents on the dollar, and some even for 30 cents. The knowledge of the fact that Wood Brothers, of Chicago, have claimed and taken away nearly all of the 330 head of cattle scheduled as among the assets, has contributed largely to the growth of this discouraged view; and naturallv more surprises of the kind are antioipated. Petitions asking for the removal of the assignee chosen by the failed parties and the appointment of one chosen by the creditors, are being circulated, but whether being largely signed or not, we are unable to say.