January 15,1934. Washineton m De Ce Dear “=lbert: | I received your your letter of 10th. January Marriner's comment wire from New York, and now have almost as much As would | appointment hes the Presidential election. caused very favorable locally as reaction should be morning, <I hed a pleasant conversation with Marriner this durine which he outlined the plan of procedure, which euess, the papers have I had already from hoth The Implement your letter that the you and Marriner has the it up main splendidly, to from our and the public institutions. Charlie. I assume subject was not mentioned, plan briefly submitted previously to You steted in a former your approval, Brownine »vut deal, wes hesitant about the was that he would leave letter his in comment only in Marriner that letter his had played you the matter The Implement Company reduced its benk loans ¢25000,00, to me. accordine to report meade in e First National board meeting last but the This is good news as far as the benk is concerned, week, that see makes the matter with your onoinion liquidation, as difference particular any it of out came probably reduction of amount far as not I do and we are con- so, you vere While it indicates prsiseworthy activityon the part of cerned, the management, I am inclined to view the reduction merely 4s an added evidence of the value of the debentures it is proposed that I assume from your letter either that you did not we accept. discuss confirmed in which Ynelosed is summarizes matter. Late last morning thet from very eager fribune week is now offer as outlined to in if you would be did advanterceous a newspaper elipping from this the latest developments in the I asked close the with that and of deposits, the clipping. Howell he Directors You of ine settlement to Young's they were made criminally The Directors, course, that theybe report the of Us. morning's State Bank he information will learned that Thomas the basis of the on remegiber that of suits were filed against the Directors by patrons of the who had made deposita only a few days prior to the closing, who alleged thet the Directors were aware of the insolvency bank tO status of Sigelow's position He reported this Directors. with interview what get to Young the the sould from Howell, both es to ani as to the settlement with en desl the that that, or Marriner relieved Directors of liable by the stipulatedin all liability, Commissee is a number bank 6nd of the acceptance their offer and sccord- now making an