Waterbury Democrat., 1901-10-26
THE AGREEMENT
By Which Parsons Bank Depos-
 itors Get Their Money
INTEREST AT THREE PER CENT.

WIFI Pc Made on All Moneys Due De-
 positors Under the Agreement-T The
 Payments Will Be Made in Thir'y
 Days if Those Interested Sign ths
 Documents Promptly.
 Everything is ready for Q speedy settlement Of the Parsons bank cns,. Tie rest lies with the individual ie' posirors, the committee or fifteen nAt- ing s.gned the agreement, which M. Parsons has also done. The following is the text of the agreament:
 The undersigned being members ur q committee appointed by certain creis itGrs CT the late banking house of (. $. Parsons X Co, with authority to cn gage counsel to protect their Interest," in the settlement of their clafai against said banking house in snti manner as should be deemed adyist bic, report that the terms of settlement attached hereto have been asSented tu ] and approved by Mrs Eliza J. Parsons: that We have carefully examined ;ha satle and informed ourselves. as fully as possible, concerning existing coll ditiolis and tine prospects of saccc;s through further litigation; and that We ! for ourselves approve said terms or settlement. and are ready to accept ths same. and believe that 1t will De 10 1 the advantage of all other creditors b do likewise.
 Il is expected that payments will ] be made within thirty days after the 1 creditors have signed the agreement tu { accept this settlement. Such an agrae- Inent may be found in the office of Bisr- ! pee X Carmody, Odd Fellows buildins. l,,iF ,l,.,, T ..sr ,.,h { cred tor as soon as possible in order l that there may be no unnecessary ia- ' lay.
 Dated at Waterbury, October IS, ! 1901.
 i l. Said depositors shall retain all ! money paid or repaid to them after { Mir i'arsons's death. either by Mrs Far- i sons, MT Merriman. the employees of ! tlir bank or the receivers. 1 . Each depositor who had q hai- i ance due to him in said banking house { on the day of the death of G. S. Par 1 sons on account of deposits made or ! sal day. or prior thereto. and Wit, ! made nc deposits or withdrawals frOfn l tile date of said death to the date If the appointment of the receivers, shall
 receive an additional payment of lJ
 per cent of the amount of said balance
 as it appeared on the books of said I banking house on the date of saul | death.
 I 2 Each depositor who had a bai. | auce due to him in said banking house on the day of the death of q. ;. Pn-- sons cn account of deposits made on sad day, or prior thereto and ~ho l withdrew moneys from said banking
 house after the date of said death to
 tue date of the appointment of the re- .,r. t4.
 posted by him during said period.
 shall receive an additional payment of 1 10 per cent of the balance due him as
 it appeared on the books of said bank 1 ing house on the date of the appoint
 ment Of said receivers.
 4 Every depositor who made de-
 posits in said banking house after the i death of Mir Parsons exceeding the
 amounts withdrawn by him after said
 death shall receive the full amount of | thu excess of such deposits over such
 withdrawals less the amount already paid by the receivers, and also shall
 receive 10 per cent of any amount due 1 him on the date of the death of c. <. ! Parsons
 :i. Each depositor shall receive in- l terest on the amounts which shall be
 found due to him as herein provided, at tie rate of 3 per cent per annun
 from the date of the appointment Of
 tha receivers.
 G. Nothing herein contained shall
 in any wise affect any claim which any
 depositor may have against any per-
 coa or persons except the said Mrs | Eliza .;. Parsons and William E. Mer- l riman. individually and as administrn- l triX and administrator or the estate or | Guernsey $. Parsons. deceased ana
 said estate. and the receivers.