Evening star., 1933-10-16
Two Reeeiverships Planned
in Liquidation Move to
Benefit Creditors.
'EARLY DIVIDEND SOUGHT,
n. F. c. PLEA INDICATED
New Set-Up Barred as Reason for
Delay in Naming Successors
to 4 Bank Officers.

Transfer Of the seven conservator-
ships in charge of the remaining as
sets Of member banks of the Hamilton
National Bank merger into two re-
ceiverships will be accomplished as the
next big step toward nquidating these
assets for the benefit Of creditors.
The first so per cent dividend to de-
positors In the seven member banks
has been made available through the
Hamilton National Bank, but what Is
left in the member banks now Is being
administered by the seven conservators
Names Of the two receivers who will
handle the two large groups Of remain
ing assets have not yet been deter
mined by the controller Of the currency
Controller Of the Currency OConnor
according to reliable information today,
is giving close attention to the prob
lem OF how to handle the remainder Of
the second so per cent for depositors In
the seven member banks. It was indi-
Gated overtures may be made to the Re-
construction Finance Corporation with
view to determining whether any more
loans could be advanced on the remain
ing assets 50 as to pay a dividend as
soon as possible. When this second div
idend may be made available, however,
IS question as many things depend on
the liquidation of the assets.
Plan Delays Appointments.
The plan Of the controller for two big
receiverships was disclosed as the real
reason for delay In appointing new men
to take the place Of four who have be-
come officers In the Hamilton National
Bank. II new conservators we're ap-
pointed to take their place this would
necessitate an exhaustive check Of the
entire sitution In each Of the new banks
before the new men would take charge.
The status of the four conservators
who have been taken over by the Ham
ilton Bank Is actually that Of Govern
ment agents, but they are serving only
part time, leaving much Of the detail
to their assistants in the closed banks
It was learned they are conservators
by request of the Government, having
asked long ago to be released from
these positions so they could 60 to the
Hamilton Bank.
Compensation Undetermined.
The question of how much they will
receive from the Government remains
to be determined. If they receive any
thing at all as conservators, it was said
the compensation would be nominal.
The four men occupying these dual
capacities are: Joshua Evans, jr., con-
servator Of the District National Bank,
who is senior vice president of the
Hamilton National Bank; Robert A.
Sisson. conservator of the Washington
Savings Bank. who is assistant cashier
of the Hamilton; George F. Hoover,
conservator Of the Northeast Savings
Bank and branch manager for the
Hamilton at that branch and E. L.
Norris, conservator Of the Woodbridge
Langdon Savings and Commercial Bank
who is branch manager Of the Hamil-
ton at that place.
The conservators of the other three
member banks are John Poole, Federal
American National Bank & Trust Co.;
George w. O1utt, conservator Of the
Potomac Savings Bank. and John D.
Howard. conservator of the Seventh
Street Savings Bank.
The appointment of two receivers tc
handle remaining assets will have nc
official effect or connection with the
Hamilton except that the four officials
who are also conservators will be re.
lieved of their latter job to give full
time to the Hamilton Bank.