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Payment Temporarily Suspended. Memphis, Tenn., Jan. 20.-A special to The Scimitar from Little Rock, Ark., says that the Bank of Little Rock and the Little Rock Trust company have suspended payment temporarily, pending an investigation of the affairs of the Alphin Lake Cotton company.
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PAYMENT IS SUSPENDED. Little Rock Institutions Find Themselves Embarrassed. Memphis, Jan. 20.-A special from Little Rock, Ark., says: The Bank of Little Rock and the Little Rock Trust Company have suspended payment temporarily, pending an investigation of the affairs of the Alphin Lake Cotton Company, to which they have made advances.
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Little Rock Banks Suspend. MEMPHIS, TENN., January 20.-A special to the Scimitar from Little Rock, Ark., says: The bank of Little Rock and the Little Rock Trust Company have suspended payment temporarily, pending an investigation of the affairs of the Alpin Lake Cotton Company, to whom they have made advances.
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Payment Temporarily Suspended. Memphis, Tenn., Jan. 20.-A special to The Scimitar from Little Rock, Ark., says that the Bank of Little Rock and the Little Rock Trust company have suspended payment temporarily, pending an investigation of the affairs of the Alphin Lake Cotton company.
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Bank of Little Book Suspends. Little Rock, Ark., Jan. 21.-Notices posted on the door of the Bank of Little Rock yesterday morning announced temporary suspension of payment by that institution.
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Senator-Elect Clarke for Receiver. Chancellor Hart Friday appointed Senator-elect James P. Clarke as receiver of the bank of Little Rock, Ark. and the Senator filed his bond of $25,000 and took charge of the bank's affairs. The application for a receiver was made by several depositors.
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Bank of Little Rock to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made financial arrangements to reopen the institution. In such an event all depositors and creditors will be paid in full. The Citizens' Bank at Foreman, with a capital of $30,000, has b oen opened for business.
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Bank of Little Rock to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made financial arrangements to reopen the institution. In such an event all deposttors and creditors will be paid in full. The Citizens' Bank at Foreman, with a capital of $30,000, has been opened for business.
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Bank to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made fi ancial arrangements to reopen the institution. In such an event all depositors and creditors will be paid in full.
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The Alphin-Lake Cotton Company of Little Rock and El Dorado, has been declared a bankrupt. This is the firm whose transactions caused a big sensation a few weeks ago, and resulted in the Bank of Little Rock suspending payment.
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New consignment or R. & G. Corsets at including the new deep hip style Chas. Meyer's Great Bargain Store. Sigmund Wolff returned Tuesday St. morning from a short visit in Louis. He reports Mr. lke Goldman about the same and says Miss Ray Brandenburg and Elise Hooker are getting along nicely. G.A. Predeau, a young man who alcomes well recommended and has artistic ready proven himself an has printer as well as speedy typo, as accepted a permanent position foreman of the INDEPENDENT. William Hencke left Tuesday mornfor St. Louis, where he will take at six ing months' course of short-hand Barnes Business College to prepare office himself to assist his father as an Merman with the Wolff-Goldman cantile Company. The Missionary Ladies of the Meth- at odist church will hold their bazar the Hazel Hotel, Saturday April 11, the day before Easter Sunday. Special orders for plants or cut flowers should be placed now with Mesdames T.B. R. W. Bandy, J. W. Wallace or 91 dtf Stewart. Mr. J. D. Goldman of the LesserGoldman Cotton Company, spent Sun- Ad in Little Rock the guest of Mr. just day Hamberg. Mr. Goldman has and started a bank at Nashville, Ark., and he thinks well of Arkansas, investsays Little Rock in particular, for ment purposes.-Little Rock Democrat. Miss Cora Warner, the only lady cotton buyer in the state of Arkansas, came down from Batesville Tuesday morning on her way to Smithville, an Texas. Miss Warner is said to be expert judge of the fleecy article and the has been in the employ of Lesser Cotton Company at Batesville the past season. Capt. W. L. Heckman, owner of the steamboats Kennedy and Buck Elk, which have been engaged in hauling ) supplies for the White River railroad and construction, was here Tuesday expected the arrival of his boats, St. which are to be taken around to the Louis. This leaves the hauling on Joe Upper White in the hands of the Wheeler. "The Missouri Girl," which comes to Newport, April 3, produces more genuine, hearty laughter than any comedy yet written. In connection it with a strong and interesting plot, contains the most ludicrous situations ever conceived. The company pre- of senting the play is fully capable it out extracting this fun, and dealing to the public in a most satisfactory dtd. manner. 1 The Duncan-Clarke minstrel comleft on No. 2 Tuesday morning Kid pany for Poplar Bluff. Their treasurer, Berry,who was bound over to the next term of court on the charge of embez- them zlement refused to accompany his and returned to Batesville with newly found friend, Tom. G. Cushing, and his attorney, Dene H. Coleman, y both of whom attended the preliminary here Monday night. S The first drawing in the Star Cloth- held d House Suit Club No. 1 was and ing Monday-evening at eight o'clock e George E. Tremper, who is absent from the city, proved himself a lucky a S man, his number 28 being drawn by . disinterested party. The scheme, and 1 which afford no chances to lose one-fourth of the entire number to win, aside from the advantage of payt ing for a suit in a way that the money t is hardly missed, has been received with general favor. It is learned on good authority that o the fourth 25 per cent of deposits with will d the Little Rock Trust Company this be paid by that institution during the week, completing the payment of the entire deposits on hand when on y company temporarily suspended January 20. The ninety days will expire April 20. It is also learned that P. f during this week Receiver James Clarke of the Bank of Little Rock will file his report with Chancellor Hart the and be discharged, after which el bank will reopen and pay all deposa itors the full amount of their deposits. -Little Rock Gazette. h WATCH REPAIRING
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# Receiver for Compress Company. The El Dorado Compress Company of El Dorado was placed in the hands of a receiver by Chancellor Hart of the Pulaski chancery court upon petition of Senator James P. Clarke, receiver of the Bank of Little Rock. An injunction was also granted prohibiting the proposed sale of the property to satisfy a debt of $15,000. The petition for a receiver stated that the assets of the company were between $30,000 and $35,000, and that the liabilities were far in excess of this amount.
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Receiver for Compress Company. The El Dorado Compress Company of El Dorado was placed in the hands of a receiver by Chancellor Hart of the Pulaski chancery court upon petition of Senator James P. Clarke, receiver of the Bank of Little Rock. An injunction was also granted prohibiting the proposed sale of the property to satisfy a debt of $15,000. The petition for a receiver stated that the assets of the company were between $30,000 and $35,000, and that the liabilities were far in excess of this amount.
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Receiver for Compress Company. The El Dorado Compress Company of El Dorado was placed in the hands of a receiver by Chancellor Hart of the Pulaski chancery court upon petition of Senator James P. Clarke, receiver of the Bank of Little Rock. An injunction was also granted prohibiting the proposed sale of the property to satisfy a debt of $15,000. The petition for a receiver stated that the assets of the company were between $30,000 and $35,000, and that the liabilities were far in excess of this amount.
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Bank Pays Up in Full. The Bank of Little Rock, which went into the hands of a receiver about three months ago, as a result of the failure of the Alphin-Lake Cotton Company, has paid all its depositors in full. This action was made possible by President Stiewell, who applied the amount of the deficiency, $86,990.70, taking in return a transfer of the uncollected accounts of the bank. The biggest account upon which the receiver was unable to realize was the overdraft of the Alphin-Lake Cotton Company for $159,135.53.
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Bank Pays Up in Full. The Bank of Little Rock, which went into the hands of a receiver about three months ago, as a result of the failure of the Alphin-Lake Cotton Company, has paid all its depositors in full. This action was made possible by President Stiewell, who applied the amount of the deficiency, $86,990.70, taking in return a transfer of the uncollected accounts of the bank. The biggest account upon which the receiver was unable to realize was the overdraft of the Alphin-Lake Cotton Company for $159,135.53.
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IF Senator Jas. P. Clark can rake in a few more fees like the one he was given a week ago, he won't suffer by reason of the fact that his time belongs to the state of Arkansas for the next six years. Senator Clarke was appointed receiver of the defunct Bank of Little Rock, and within six months was al lowed $10,000 for his services, which, all told, probably didn't comsume more than 30 days. The allowance was made by Chancellor Hart of the Pulaski chancery court. - Russellville Record.
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RAILROAD COMPANY WILL HAVE AGENTS. Repetition of Eldorado Frauds Will Be Prevented By Placing of Agents at Every Compress Point. It is learned from reliable authority that th Iron Mountain Railroad Company wi place an agent at each cotton compress point in the state who will receive and sign the cotton delivered on compress property. The compress company will be required to give an indemnity bond to the railroad company and the superintendent of eachcompresswill be made the agent of the railroad company as well. As soon as the cotton is received on the compress property the railroad agent will give a certificate that the cotton is in possession of the railroad company, and on this certificate the cotton buyer or shipper can secure a bill of lading. This method will make it impossible to "kite" receipts or practice fraud, and will protect all parties interested, from the country shipper to the receiver of the cotton at the final point of destination, whether it be at a milling point or a foreign port. This regulation has been brought about by the experience of the railroad companies in the gigantic frauds recently perpetrated at Eldorado, which resulted in the failure of the Alphin-Lake Company, the Bank of Little Rock, the Bank of Eldorado, and a loss of nearly $200,000 to the railroad companies, besides individual losses that can never be scheduled. The new rules will be made effective as soon as some of the minor details can be arranged, and when once fully understood by shippers, receivers and the general public, will be welcomed as a happy solution of the hitherto question of the proper handling of cotton by the railroads. All roads will practically adopt the same method, with a few minor differences.
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RAILROAD COMPANY WILL HAVE AGENTS. Repetition of Eldorado Frauds Will Be Prevented By Placing of Agents at Every Compress Point. It is learned from reliable authority that the Iron Mountain Railroad Company will place an agent at each cotton compress point in the state who will receive and sign the cotton delivered on compress property. The compress company will be required to give an indemnity bond to the railroad company and the superintendent of eachcompresswill be made the agent of the railroad company as well. As soon as the cotton is received on the compress property the railroad agent will give a certificate that the cotton is in possession of the railroad company, and on this certificate the cotton buyer or shipper can secure a bill of lading. This method will make it impossible to "kite" receipts or practice fraud, and will protect all parties interested, from the country shipper to the receiver of the cotton at the final point of destination, whether it be at a milling point or a foreign port. This regulation has been brought about by the experience of the railroad companies in the gigantic frauds recently perpetrated at Eldorado, which resulted in the failure of the Alphin-Lake Company, the Bank of Little Rock, the Bank of Eldorado, and a loss of nearly $200,000 to the railroad companies, besides individual losses that can never be scheduled. The new rules will be made effective as soon as some of the minor details can be arranged, and when once fully understood by shippers, receivers and the general public, will be welcomed as a happy solution of the hitherto question of the proper handling of cotton by the railroads. All roads will practically adopt the same method, with a few minor differences.