163001151 16300
national
5b07d49eb6f3d986Full suspension, Books examined
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A Georgin National Bank Suspends Columbus, Ga., Nov. 29 - --The Chattahoochie National Bank, of this city, did not open this morning. The directors held a meeting yesterday and decided to pursue this course. A continued withdrawal of deposits, shrinkage of values of securities. and inability to realize on assets promptly, is assigned as the reason for suspension. The deposits amount to about $120,000. The officials think they can pay out 60 per cent,
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A COLUMBUS BANK CLOSED. Withdrawal of Deposits Precipitates the Collapse. Columbus, Ga., Nov. 29.-Business circles were astonished this morning to find a notice posted on the door of the Chattahoochee National Bank announcing that the bank had been closed by order of the board of directors. While no figures were given out to-day, it is known that the bank has sustained heavy losses in the last few years. A few weeks ago it secured a judgment against a brewing company for $47,000, but has not been able to realize on the judgment. The depositors have been gradually withdrawing their accounts, and it is said the actual cause of the closing was due to the withdrawal of the Central railroad deposit, amounting to $25,000. It is thought the depositors will get their money, but many believe the bank is hopelessly involved. The examiner has been notified. This was the oldest national bank in the city. Only a few years ago its surplus and undivided profits were greater than its capital stock. A shrinkage in the value of securities and inability to realize on assets promptly, together with the withdrawal of deposits, are assigned by the directors as the reasons for suspension. The deposits amount to about $120,000. The officials think they can pay out with 40 per cent. of the assets.
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1 COLUMBUS NATIONAL BANK CLOSED. Columbus, Ga., Nov. 30.-The Chattahooche National Bank of this city did not open yesterday morning. The directors held a meeting on Thursday and decided to pursue this course. Continual withdrawal of deposits. shrinkage of values of securities and inability to realize on assets promptly are assigned as the reasons for suspension. The deposits amount to about $120,000.
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Appointed a Bank Receiver. Comptroller Eckels today appointed J. F. Flournoy receiver of the Chattahoochee National Bank. of Columbus, Ga., which failed a week ago.
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Receiver for Georgia Bank. WASHINGTON, D. C.DecemberComptroller Eckels to-day appointed J. F. Flournoy receiver of the Cha tahoochee National Bank, of Columbus, Ga., which failed a week ago,
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. Telegraphic Brevities, Comptroller Eckels has appointed J. F. Flornoy, receiver of Chattahoochee National Bank of Columbus, Ga., which failed week ago. Near Shelbyville, III., typhoid fever is epidemic. Whole families are prostrated with it. A notable instance is the family of Stephen Flanders, a brickmaker. Eight members have the disease in its worst form. Four deaths in ten days resulting. Bishop Nicholas says the story telegraphed from Chicago that the NAME synod had directed him to build a $500,000 cathedral at Chicago, is incorrect. He has authorized the priests in Chicago to build a church there, but the price will be nearer $5,000 than $500,000. The American Schooner Bessie E. Creighton, Captain Russell, from Boston, November 23d, for Pensacola, stranded December 4th, on Hog Cay, Abaca, Bahara Islands, The vessel and its cargo of fertilizer are a total loss. The crew and materials were saved. In Chicago, a fire early yesterday morning destroyed part of the extensive soap manufactory of James S. Kirk & Co., at 36 North Water street. The total loss estimated by Kirk at $130,000. The loss is covered by insurance.
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Receiver Placed in Charge. Washington, Dec. 7.-Ccmptroller Eckels Saturday appointed J. F. Flourney receiver of the Chattahoochee national bank of Columbus, Ga., which failed last week.
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National Bank Receiver. Washington, Dec. 9.-John F. Flournoy, of Columbus, Ga., has been appointed receiver of the Chattahoochee National bank of Columbus.
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LATEST NEWS IN BRIEF GLEANINGS FROM MANY POINTS. Important Happeuings, Both Home and Foreign, Briefly Told. Newsy Southern Notes. There were five hangings in South Carolina on Friday. TheSpotts Manufacturing Company, of Richmond, Va., makers of vinegars and ciders, have failed for $12,000. Rev. John E. White succeeds Dr. Durham as corresponding secretary of the Baptist State Convention of North Carolina. Secretary Carlisle has accepted aninvitation to deliver an address on the government finances to the business men of Richmond, Va. Col. W. O. Bradley, the first Republican to be elected Governor of Kentucky, was inaugurated with great ceremony on Tuesday. Comptroller Eckels has appointed J. F. Flournoy receiver of the Cbattahoochee National Bank, of Columbus, Ga., which failed a week ago. George Washington, colored, was hanged at Tarboro, N. C., Wed., for the murder of Charles Neville, a pump hand of the Atlantic Coast Line. The execution was public. The murder was for robbery. The murderer confessed. The South Carolina Republican State committee at Columbia have issed an address to the people, in which the committee refuses to accept as final the new constitution foisted upon the State by the Tillman faction, on the ground that it is per se fraudulent, and because it is not to be submitted to the people for ratification.
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RIGHT OF WAY REFUSED. Col. L. F. Garrard in a Row With Commissioner Tillman. Columbus, Ga., May 2.-The controller of the currency has authorized Receiver Flournoy to pay a cash dividend of 25 per cent. to the depositors in the Chattahoochee National Bank, which failed last fall. This afternoon a good deal of bad feeling cropped out between Col. W. L. Tillman and Hon. L. F. Garrard during the trial of an injunction case to restrain the Columbus Railway Company from extending its track out Hamilton road, one of the most important thoroughfares in the county. The action was brought by County Commissioners Tillman and Bass. Col. Garrard is also a commissioner, but being attorney for the railroad company, did not join in the action. The judge granted a permanent injunction and after the conclusion of the case some hard words passed between Messrs. Tillman and Garrard, followed by a blow or blows. according to some accounts. Those who witnessed the affair refused to talk and what actually occurred cannot be definitely stated.
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AND FLORIDA. GEORGIA IN NEWS OF THE TWO STATES TOLD IN PARAGRAPHS. Cost of Two Murder Trials to Twiggs County-A Colored Leader at Newnan Raising Troops to Fight Spain. Soldier Found Dead in a Chair in a Restaurant at Atlanta. GEORGIA. H. M. Loyless, a prominent warehouse man and leading citizen of Cochran, died Saturday night, aged 66 years. Another dividend of 5 per cent. has been declared in favor of the depositors of the defunct Chattahoochee National Bank or Columbus. Rome's cotton receipts up to this week are 64,266, being 30,000 bales in excess of last year. The city will probably receive several hundred bales more before the season ends. Capt. William A. Patton of the Rome Light Guards and Capt. H. J. Stewart of the Hill City Cadets have received orders to increase their enlistments to at least fifty men each. They have had no trouble doing this. Four times that many VOI in unteers could be secured with little tro ble A Crawfordville will have a bank soon. meeting of those who subscribed to t he capital stock was held Monday. John F. Holden was elected president, J. A. K endrick, vice president: M. F. Griffith, er ish jer, and Roger T. Brooke, assistant c ashjer. The capital stock will be $25,000 and all of the shares have been taken by citizens of Telfair county. It is estimated that the trial an a imprisonment of Mrs. Nobles and Gus Fambles cost Twiggs county about $1.10 1. The cases of Shaw and Criswell, convi eted of wrecking two trains on the Souther n Railway the last day in February of 1 198. cost the county about $1,800. There is therefore, no ground for the story th at these trials have bankrupted the cour ity. Arthur Evans was killed in ti ie northern portion of Monroe county S anday by Joe Wooten. It is reported tha t the two men became involved in a quarr el about a friend of Wooten, when Evans assaulted him with a knife, whereupon W boten drew his knife and cut his antagonis # to death. Both men are weil known and the tragedy has caused a sensation. Immed Nately after the killing Wooten surrendere d to Sheriff Newton. One train left Arlington Frid lay with 1,200 cattle and another left yester day with the same amount. and so on u Antil one man has shipped over 12,000 he ad, which he intends getting out by May , 1 for Indian Territory. Arlington has for the past three years fed more cattl to for the market than any other town in the state. The Arlington Oil and Fertilize x Company and J. W. Calhoun feed grea it quantities of cattle for the market. Judge J. H. Lumpkin h las directed Burton Smith, attorney for Receiver J. M. Slaton of the United States Bond and Mortgage Company of Atlanta to sue the subscribers to $90,000 of the capital stock which was never paid in. The subscribers will defend the Spaits on the ground that they had transferred their stock to Harry Cassin, who was one of the organ izers. The capital 4 tock was $100,000 and only $10,000 was paid in. A.C. Banks, a colored leader of Newnan, and who for the passt two weeks has been serving on the federal jury in Atlanta, spoke for an hour in the court house Saturday, picturing to a colored audience the horrors of the thousands starving in Cuba and enthused them with American patriotism. He says that fifty-two men were enlisted and that on next Saturday another meeting will be heid, when he ex pects the enlistment to run up to 200 men. Their services will then be tendered to the authorities. William DeMarques, a United States soldier, was found dead in a chair in negro restaurant at Atlanta Sunday morning. On the night previous he had en tered the restaurant to sleep off the effects of whisky and was left there when the restaurant closed Saturday night. Sunday morning an employe in the restaurant attempted to arouse the sleeping soldier and found him dead. The coroner held inquest over the body and the verdict of the jury was that the deceased came to his death from the effect of alcohol, which produced heart failure. An ordinary pine coffin containing the body of a negro was found in a small cemetery on the rivez' line, about six miles from Atlanta Saturday. No one was about the coffin when the keeper of the o the grounds found it. and it was not unlate in the day that the keeper had certained that a negro had brought the body there for burial at a late hour the vious evening. and finding no grave or any one to take charge of the coffin and its contents just left both on the ground, trusting that the proper parties would find the coffin and contents, there in the morning Macon Telegraph: So far the fruit crop safe, in the opinion of fruit growers and of those in position to know, and if the next few weeks are passed in safety the crop will be fine. The frost predicted by the weather people for last week came Saturday night, but was very light, and though the cool weather somewhat retarded the growth of fruit, it did no permanent injury. The fruit growers now only fear the full moon in this month, which will be about the 20th, and say that if they pass that period everything is safe Some of the growers say that a ll ght frost cannot now seriously damage the peach and pear crops, as the trees have taken on unusually heavy foliage. This follage in a large measure protects the young fruit from the frost. It has been years since the prospect of such a fine fruot crop was had in Georgia, and verybody is hoping for favorable weather. Hawkinsville's river front presents a lively appearance since the navigation of the Ocmulgee river has begun. There were tied up at the docks Saturday four steamboats, the government snag boat Sathia, the City of Macon. the City of Hawkinsville and the Little William. The carriage capacity of the three last named boats is respectively 113, 328 and 155 tons, or nearly loads. These boats
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A SENSATIONAL CROSS BILL. Filed in Chattahoochee National Bank Case at Columbus. Columbus, Ga., Feb. 14.-Certain stockholders of the defunct Chattahoochee National Bank have filed a sensational cross bill in the suit brought against them as shareholders of the bank by Receiver William Reese. They declare that former Receiver John F. Flournery was wasteful and extravagant in administering the assets of the bank during his receivership. They claim that Flournery lost $41,000 of the trust fund by ill-advised expenditures. They assert that a large part of this sum was lost on the Chattahoochee brewery, that $$8,500 was lost on the Connellsville Coal and Coke Company, and $3,500 on an orange grove in Florida. The plaintiffs are being sued by present Receiver Reese on a second assessment to pay depositors. They pray to be relieved of further payments, on the ground that former assessments would have been ample to pay depositors but for the wastefulness and extravagance of former Receiver Flournery, for which they aver they are in no wise responsible. The suit is brought in the United States Court.
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# DECISION IN BANK CASE. One Stockholder Not Liable For Failure of Another, Says Judge Newman. At Columbus, Ga., Thursday, United States District Judge Newman handed down a highly interesting opinion in a branch of the defunct Chattahoochee National bank case. The receiver of the bank levied a second assessment of 39 per cent upon the bank's stockholders, and they resisted it. The receiver then demurred to the cross bill. Judge Newman has just overruled the demurrer, and the case will be tried on its merits. In his decision Judge Newman says that one stockholder in a national bank cannot be made liable for the failure of another stockholder to pay his assessments, and that the stockholders should not be responsible for any disastrous investments by the receiver,
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Final Division Made. Columbus, Ga., April 2.-The depositors of the defunct Chattahoochee National Bank to-day received checks aggregating $12,000, this being the last dividend declared by the receiver. In all they received 60.1 per cent. of their deposits. The bank failed in 1895, and it took nearly eight years of litigation to wind up its affairs. The dividend just declared is the final one.