Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-01-03

|
| expenses and compensation or the re- re-
cciver This is but little more than the
actual amour, Of his disbursements, ana
| he is entitled to much credit for the Va.u-
able services rendered the depositors In
settling the affairs Of the institution.
| AMERICAN BANKING AND TRUST
COMPANY.
! The liabilities as shown when a receiver
was appointed. December ~ 1879; "ere
On the 10Th day of May, 1898, dividend
of % per cent was paid TO the creditors
| follows:
posi,' s3.OO9.9i
On demand deposits, BOZ. 3s
! On time deposits, .4S9.o2
! On plIaranfend mortgage loans J,26S. Is
! Ot,,,er claims allowed 1918
| Total. s16,S71. ss
The receiver reports that he will pay
| another dividend o. % per cent very soon.
| NORTHERN BANKING COMPANY.
/ The receiver of the Northern banking
"That on the eighteenth day Of August,
| 1897, special master was appointed oy
claims and demands against she North
ern Banking Company. and 10 determine
the value OF the collateral securities held
| by the several creditors
/ The final report Of the master was nlei
| on the twenty-iifth day Of November,
! 1858, and the total amount of claims al
lowed against the Northern Banking
| Company Is $l5S.JSi.1i
In some instances collateral security Is
| held by the creditors and the value of tho
same as determined by the master VIII
! no doubt be applied under the direction of
! the court. in reduction Of such creditors
respective claims. and will some what re-
duce the gross liabilities of the COM
pany.
from the assets of the company that
came 10 the possession OF The receiver, Is
| Sc. 1921.
4 petition has been filed in the supreme
judicial court by and in behalf Of the
creditors Of said Northern Banking Com
pany. setting forth that the amount that
can be realized by the receiver from the
assets of ale company, is wholly made
quate anu insufficient 10 satisfy the con-
tracts. debts and liabilities of the North
ern Banking Company, and that ii will
require the enforcement of such liability
as may exist against the shareholders Of
said corporation or the stock held by
them. and asking for authority for the
receiver to proceed against sucn share
holders 10 enforce such liability.
The petition furtlner asks the court 10
determine the priority OF the various
claims reported by the master.
y hearing will be mad before the court
on this petition at an early date.
| GRANITE STATE PRovIDENT ASSo-
CATION.
Hon Henry i. cleaves. receiver of the
l1Granite State Provident Association,
ports: THAT since the date of his last re-
port TO the department. thsrty-ihree loans
have been paid and fourteen pieces of
real estate hav come 10 the possession Of
the receiver by foreclosure.
The report Of she special master APP
pointed by The court 20 determine the
claims of the various shareholders OF the
association resident in the State Of
Maine, was duly filed In court, and the
| aggregate amount of claims allowed a
the date NJ the filing Of the report was
substantially $4,000.
On the eleventh day Of May, \. d. 1898.
the Stale bank examiner petitioned the
court for distribution OF the assets in
Maine shareholders. After an exhaustive
hearing by the court on this petition,
Judge Haskell, on the thirteenth day of
September A. ID. 1898 "OrdereA adjudged
and decreed that the prayer Of the petit
toner be granted ana that the dividend
be declared as prayed for.
Under this decree the receiver was 1i-
rected TO pay dividend of 70 cents on
the dollar to the shareholders and with
drawal certificate holders in accordance
with the dividend sheet filed and APP
proved by the court. and upon presenta-
ton by the respective shareholders of
their certificates. in order that the div
dend might be endorse thereon, The
court further decreed that the receiver
was directed 10 pay "A dividend of 20
cents on the dollar TO the shareholders
and Withdrawal certoiicate holders i'll ac
and approved by the court. and upon pre-
sentation by the respective shareholders
of their certificates. in order that the
dividend might be endorsed thereon. the
cour, further dccreed that the receiver
hold the balace of assets as security that
the Maine shareholder share equally with
all the shareholders in said association
and until further order OF court in refer
ence thereto.
BY authority of the court the sum of
$37 1896 was drawn from the aserts OF
the association in the hands of the State
treasurer, and APPLIED with the funds in
the hands of the receiver to the payment
of such dividend.
The order of distribution required the
disbursement of an amount in excess of
$4,000 and the principal portion of the
same has already been paid TO the share
holders
A license was granted, under the provi-
sions of chapter l31, Public Laws of 1891. |
to the following foreign corporeigns to
sell or negotiate their obligat tons in this |
State during the year ending December J. |
1925 viz:
Iowa Loan and Trust Compony Of Des |
MoineS. Iowa.
Middlesex Banking Company of Mid
dlesex Loan and Trust Company of Hast |
ings. Nebraska.
Besides all these there is contained in |
the report detailed statement of the re- |
turns and examinations of all the institu- |
tons under the supervision Of this depart
ment; statistical tables complied there
from; A list of depoSitors in savings |
banks who have not made a deposit nor !
withdrawn any part thereof for 4 period |
of more than 70 years; the statements !
furnished by all foreign corporations hav- !
ing a license from this department to do |
business in the State: and an appendix |
containing a synopsis OF the laws rclat- |
ing To investment by savings banks.
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Fully Warranted.