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Americus Bank Closes. Macon, Ga., March D.-The People's Bank of Americus, Ga., W. H. Simmons President. closed Its doors today as a result of a quiet run for a week. The capital of the bank was $50,000 and the amount due creditors is said to be $30,000. The County had $6,000 on deposit. President Simmons claims that the assets will offset the liabilities. The assignee is G. R. Ellis of Americus.
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Telegraphic Briefs. (By the Associated Press.) Capt. W. W. Rigely for 37 years cashier of the First National Bank, of Macon, Ga.. is dead. The New York Stock Exchange will be closed on Good Friday and the following day, and the Produce Exchange Friday. The prevailing opinion seems to be that unless the mine operators shall make some concessions that are demanded by their men a general strike in the two Virginias will be ordered by May first. The People's Bank of Americus, Ga., W. H. Simmons, president, closed its doors yesterday as a result of a quiet run for a week. The capital of the bank was $50,000, and the amount due creditors is said to be $30,000. President Simmons claims that the assets will offset the liabilities. The Department of Agriculture will immediately prepare a list of articles imported into this country in which boracic and other acids are supposed to exist. This action is the first step taken by the Government looking to retaliation for the German prohibition on the importation of meats containing horacic acid. Arthur J. Simpson, a book-keeper, employed by the Warman, Black, Chamberlain Company, livestock commission brokers, at the Union Stock yards, was arrested at Paoli, Ind., and brought to Indianapolis, Ind., on the charge. of forgery. Detectives who have been working on the case, said they understood from members of the firm that Simpson's shortage is anywhere from $30,000 to $70,000.
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The People's Bank of Americus, W. H. Simmons president, made an assignment last Thursday morning. The closing of this well known financial institution created considerable surprise, as it wasalways accorded liberal patronage President Simmons, in a personal in. terview, savs reports of insolvency maliciously circulated started a quiet run which extended nearly all the week, during which time the bank paid out all available funds. Realizing the ineyitable result he voluntarily made an assignment to G. R. Ellis. President Simmons stated that the assets are more than sufficient to offset liabilities. The People's Bank of Americus was capitalized at fifty thousand dollars.
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A BIG BANK FAILURE IN AMERICUS. Peoples' Bank in the Hands of an Assigneer After a Quiet Run by Depositors for a Week. Sumter County Had $6,000 on Deposit. Rumor of Weakness Said to Have Had Malicious Origin. President Simmons controlling a large The People's Bank of Americus, W. majority of the stock, while members H. Simmons president, made an asof his family had thirteen thousand signment last Thursday morning. The dollars deposited there. closing of this well known financial inSumter county had over six thousand stitution created considerable suron deposit, while other depositors had prise, as it wasalways accorded liberal amounts ranging from a few dollars to patronage two thousand. The total amount due President Simmons, in a personal in. creditors may aggregate thirty thouterview, savs reports of insolvency masand dollars. liciously circulated started a quiet run President Simmons was a personal which extended nearly all the week, friend of the late Charles Broadway during which time the bank paid out Rouss and a former business associate all available funds. Realizing the inin New York. When Rouss died reevitable result he voluntarily made an cently some one in Americus started assignment to G. R. Ellis. President the rumor that President Simmons' Simmons stated that the assets are bank would probablv be affected theremore than sufficient to offset liabiliby. The id.e story was repeated and ties. embelllished with the result that the The People's Bank of Americus was run on the bank was precipitated. capitalized at fifty thousand dollars.
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Bank Closed. : Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday as a result of a quiet run for a week. The capital of the bank was $50,000 and the amount due creditors is said to be $30,000. President Simmons claims that the assets will offset the liabilities.
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Macon, Ga., March 20.-The People's Bank of Americus, Ga., W. H. Simmons, president, closed its doors today as a result of a quiet run for a week. The capital of the bank was $50,000 and the amount due creditors is said to be $30,000 The county had $6,000 on deposit. President Simmons claims that the assets will offset the liabilities. The assignee is G. R. Ellis of Americus.
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Bank Closed. Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday as a result of a quiet run for a week. The capital of the bank was $50,000 and the amount due creditors is said to be $30,000. President Simmons claims that the assets will offset the liabilities.