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MACON'S BROKEN BANKS. A giance over the report of W.H. Terrell, of Macon, one of a con.mittee appointed to examine into the affairs of the Macon Savings Bank, hows a rotteness connected with the management of that institution which is appalling. The fact seems to be that the bank has been a broken institution for several years, and running almost who!ly upon the deposits; the depositors being deceived by the good standing of the officers of the bank and their sworn statements regarding its condition. How this thing could be done and not sooner be discovered, to the uninitiated is a mystery. The capital stock of the Macon Savings Bank was $65,000. We find that Malone, Epperson, Towner, Benedict and others, all connected with the bank, have drawn over $175,000 from the bank giving only their individual notes unsecured, to their own bank, for the same; and upon this kind of collateral the bank has been doing business for years, and each year sworn statements came from the officers of the bank that, these were notes of undoubted security. These men were considered honest, upright men, some of them leaders in their respective churches. People had confidence in them. The merchant trusted his savings with them the farmer placed the proceeds of the sale of hogs or eattle with them the mechanic who was trying to accumulate money to buy him a home for his little family. placed his money with these men for safe keeping, until he had accumulated sufficient for his purpose. These things went on for years, the depositors in many instances stinting themselves, in order to accumulate, and those connected with the bank living in affluence and splendor.-upon whose money? Not their own, but that of depositors. And at last when the bubble burst, as it necessarily had to, sooner or later, and the merchant, the farmer, the mechanic, and the widow I with her brood of littleones,who had placed her few dollars in the Macon I Savings Bank until she wanted to use a t it, will get in return for their hard earned money, perhaps 20 cents on the : dollar. It is outrageous, and every I man who would engage in such a swindling scheme ought to be in state's a prison. ( All civilized communities look upon t the man who will knock you down upa on the highway and rob you as an outM law, and unfit to run at large, and SQ o o he is, but he is a gentleman by the side of the man who will profess to be your friend, and so conduct himself for months and years as to gain your T confidence and then rob you. It is useless to say that such men M are high-toned gentlemen. That or ly E makes the crime the greater, for of to such men we expect integrity and hon16 esty. p The history of the failure of the othca er bank at Macon is much the same, t A and the whole transaction is a sad k thing for Macon City, and a damnable to one upon the parties who practiced g such a fraud. en ti
