Last week the long-tangled affairs of the late Bank of United States moved eleven bulky volumes closer to a settlement. The volumes were promulgated by New York State Superintendent of Banks Joseph A. Broderick, who stated therein which of the many creditors' claims against the bank he allowed and which he did not. Of a total $254,639,733.26 of claims and other accounts payable, only $131,002,495.16 were allowed. Bulk of the rejected category, however, consisted in $102,000,000 claims against the bank by the receiver for its three bankrupt affiliates. Superintendent Broderick plans to pay a first 30ยข on each dollar of the...
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