5d7c97f0Capital injected, Full suspension
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Bank Suspended Greenwood, Miss., January 25.-Heavy withdrawals of deposits, it was announced today. caused the suspension of the Bank of Leflore, a Greenwood institution. The bank has a capital stock of $100,000 and owes depositors, the officers say, about $55,000,
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GREENWOOD, LEFLORE COUNTY. MISSISSIPPI, FRIDAY. JANUARY 31, 1913. BANK OF LEFLORE CLOSED. THE CITIZENS BANK & TRUST COMPANY. On account of several large depositors withdrawing their money As was expected, it seems a therefrom, the Bank of Leflore new bank will be organized and Grernu of this city was forced to close its opened for business in the bank doors on Friday of last week. building of the Bank of Leflore. This was Greenwood's third Greenwood is a growing cityoldest bank, and when its doors in fact, is the "Queen City of the closed had about eight hundred Delta." Our cotton receipts this depositors. Naturally our people season will easily go to 120,000 have been in somewhat of a bales. All the land in the Greenflurry over the bank's embarrasswood territory is rich and not TO THE ment, but the stockholders met menaced by floods or boll weevils. Wednesday and the depositors Our planters are progressive and We beg were given assurances that they the price of lands are skywards. would be paid dollar for dollar, transferred to The We need four big banks and we and the anxiety has quieted down predict success for the new conthe entire busines -the depositors being confident cern. that the stockholders will fully We understand $70,000.00 of will. We are appre as protect them as soon as possible. the $100,000.00 was subscribed for in entrusting At the stockholders meeting at the meeting of the stockholders the Directors who withdrew their of the Bank of Leflore last Wedour successors the noney from the bank last Friday nesday and the remaining $30,that your business voluntarily agreed to return the 000 will be distributed among innoney and share losses (if any) vestors who will throw business by The Delta Insura reds with the other depositors of the to the new bank. cars. We bank, which was a magnanimo us man It seems from expressions we act upon their part and heartily hear from the subscribers of the nascommended by the public. stock that Hon. G. A. Wilson will At this meeting a movement be president, Hon. A. F. Gardner, of was launched for the organization vice-president and Mr. G. A. Wilothof the Citizens Bank & Trust Co., son, Jr. will be the cashier. with $100,000 capital. Each of the stockholders of the Bank of LIVER GETTING LAZY? DON'T Leflore readily subscribed for STOP WORKING. stock in the new bank. It is the and Take Dodson's Liver Tone and Go purpose of the new bank to take vay. About Your Business. It will Liven ENGAGEMENT CANCELLED. er is over the holdings of the Bank of Up Your Liver Without Harm. wo. Leflore and liquidate its obligaA bilious attack or constipation can The engagement for "Little ads tions as soon as practicable. In be relieved in a short while by a spooney. Miss Brown" at the Greenwood ful of Dodson's Liver Tone-the mild the meantime, Assistant Cashier Theater for Friday, Feb. 7th, has vegetable remedy that every druggist Warner Wells and Bookkeeper guarantees. Sam Montgomery are urging the been cancelled by her company, Just ask S. L. Raines about Dodson's prompt payment of all amounts and Manager Schilling is trying Liver Tone. He knows that it is a due the Bank of Leflore. to secure another attraction inharmless preparation that starts the We sympathize with the offiliver without violence and puts you stead for one night next week. If into shape without interfering with cers and stockholders of the Bank successful, announcement will be your habits. This store guarantees it of Leflore in their misfortune, and made by circulars. to be all that, and will give you your hope everything will work out in money back if you don't find Dodson's Calomel, Calomel, you can not stay, a manner to prevent anybody Liver Tone gives you quick, easy relief. LIV-VER-LAX has shown us as easier Dodson's Liver Tone is for both from losing a dollar.
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# CHANCERY COURT IN SESSION # ALL WEEK. Though there were no special cases of importance, Judge Denton has been busy all the week with disposition of cases. The usual number of divorce cases, all negroes save one, were diposed of Tuesday, and the rest of the week was consumed with the hearing of guardianship, administrations, partitions, etc., which were more voluminous this term. One matter settled of local interest was the petition of the Receiver of the Bank of Leflore, which gave said receiver authority to offset creditor notes with the deposit that the creditor had in the bank at the time of its suspension. Many were under the impression that they would be compelled to pay up these notes full face value and then receive whatever per cent. was declared on deposits.
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1913. 18, GREENWOOD, LEFLORE COUNTY, MISSISSIPPI, FRIDAY, APRIL $75,000 PAID TO RECEIVER OF BANK OF LEFLORE. The latter part of last week Hon. A. F. Gardner paid to Hon R. V. Pollard, Receiver of the Bank of Leflore, of this city, the less noticed an sum of $50,000.00, and since that time Messrs W. T. Johnson, W T. Fountain, J. Kantrovitz, S. L. Brister, S. C. Lenoir, A. Davidson, stores of fancy A. Weiler and Robert Herman have paid to the Receiver the additional $25,000.00, as per agreement to the decree of the Chanexpensive decora cery Court, in full settlement of their liabilities to the defunet bank, and receipts were issued to rtising OLD NORTH them by Mr. Pollard for same. The above named gentlemen, while these payments were a bacco. hardship on them. are commended in the highest terms by the publie generally for having contributed SO liberally of their personal means to SO materially aid in the these things, you protection of the depositors of the bank. The Receiver is going ahead rice would come with the matter of winding up the bank's affairs, and just as soon as possible will make the first distribution of money to the depositors, which will be 25 per ers pockets-less cent. of the amount due them.
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GREENWOOD, LEFLORE COUNTY. MISSISSIPPI, FRIDAY, APRIL 25, 1913 SPECIAL TERM CIRCUIT COUI IN SESSION. The special two weeks term Circuit Court for this county en vened Monday morning-Jud Monroe McClurg presiding, at District Attorney T. E. Mortime County Attorney O.L. Kimbroug Court Stenographers H. B. Le and B. C. Trigg, Sheriff W. Taylor and his deputies, and Cle G. S. Pate and his deputies, being present for the dischar ualily" of their respective duties. Judge McClurg proceeded empanel the following petit juri OLD NORTH for the first week of the speci term: Jury No. 1-Fritz Chatony, P. Clark, J. Q. Coppage, P. Malone, J. D. C. Hammond, A. manufacturers\ McLemore, G. A. Speery, W. Neblett, G. R. James, R. L. Kirb J. L. Brady, F. P. Pleasants. Jury No. 2-J. S. Deal, S. Cobbs, W. S. Wingfield, D. owledging Hat OLD Montgomery, S. H. Montgomer F. A. Word, Frank Armstrong, A. Godsey, L. T. McShane, above all other Shuler, J. C. Crowell, J. Prophet. THE INDICTED BANKERS. The cases of the State VS. \ T. Johnson, W. T. Fountain, S. in quality. Lenoir, Jake Kantrovitz, S. Brister, A. F. Gardner and G. Ray-all of whom were indict at the last term of court on ti charge of being officers of tl Bank of Leflore and having I ceived money for deposit, know ing the bank to be insolvent, we called during the progress of tl GREENWOOD'S TRADE WEEK. sounding of the docket. It w finally decided to postpone ti Several of Greenwood's merhearing in these cases until tl chants will experiment with a first day of the fourth week Trade Week, beginning April the regular term of court in Ma 28th and ending May 3rd. They This was done in order to giv will refund railroad fare to all CAR the Receiver ample time in whi who trade $1.00 and upward at to furnish the court certain di the rate of 6 per cent. on each sired information concerning tl dollar's purchase at the stores bank's affairs. This informatic the that taking part in this Trade Week is deemed necessary by the cou Sale. Some of our merchants and the prosecuting attorneys five refund railroad fare to out-ofplaced order that they may act intel town customers regularly, but gently and fairly upon the pe Fire Departit is believed this concert of action tions, which are being nume on the part of quite a number of ously signed by our people, as them will attract a good many ing that the indictments again people here during next week. If the bank officers be nolle pros the experiment proves successMassathe of quied, inasmuch as they har ful, it is proposed to have Trade paid into the Receiver of tl Weeks in this city frequently in in Boston, bank their respective pro ra future. Special bargains will be shares to protect the depositor and of offered all next week on all cars, The Commonwealth heartily co classes of merchandise, and it will curs in the request made by th proving up the pay you to visit Greenwood and petitions, and we understand th: take advantage of them. each of the members of the gran by the jury finding the indictments hav FIRE MONDAY NIGHT. condiof sorts signed a similar petition to I presented to the court. specialized The residence of Harry White, ROBERT WILSON'S CASE. including the household furnishits onclusively The court granted a contir ings, was entirely consumed by uance until the November, 191 more fire last Monday night at about power term in the case of the State v 12:30 o'clock. Mr. White's home Robert Wilson, ex-Cashier of th the was located west of the Buckeye figuring Bank of Leflore, who was in Cotton Oil Co. on River Front. dicted for both embezzlement an His loss is estimated at about $3,receiving money for deposi 500.00, on which he carried $1,knowing that the bank was it 800.00 insurance. The fire origisolvent at the time. Wilson nated in a back room and when represented by Hill & McBee. discovered the flames had spread teresting. to such an extent that it was imSOME OTHER CASES. possible to save anything in the In the two charges of murde building. against Ed Powell, white, h entered a plea of guilty to man For Weakness and Loss of Appetite The Old Standard general strengthening tonic, slaughter in one case and wa GROVE'S TASTELESS chill TONIC. drives out given a life sentence to the pen Malaria and builds up the system. A true tonic tentiary. In the other case a jur and sure Appetizer. For adults and children. 50c. Garage, and verdict of not guilty wa ordered. FOR SALE. MISSISSIPPI. State vs. Lockhart James, Jersey Bull, 4 years old, good negro, for murder; convicted an breeding. Apply to Chickasaw sentenced to life imprisonment. Stock Farm, Vicksburg, Miss. State vs. Buck Chandler, negro, for murder; plea of guilt of manslaughter and given te years in the penitentiary. State vs. Oliver Crawley, negro, for murder; verdict o OUR # guilty and given life sentence. State vs. Will Flowers, negre verdict for manslaughter and giv en three years in penitentiary. HOES HOSE
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A CORRECTION In our mention last week of the postponement of hearing in the cases against the officers of the Bank of Leflore, we stated that it was deemed necessary by the Court and the prosecuting attorneys to get certain information from the Receiver "in order that they may act intelligently and fairly upon the petitions, which are being numerously signed by our people, asking that the indietments against the bank officers be nolle prosequied." Distriet Attorney Mortimer informs us that this is erroneous; that while the postponement was necessary in order to give the Receiver time in which to furnish desired information for the Court, that the matter of the petitions cut no figure whatever in the matter, and that he wishes to disabuse the minds of the public of any such impression. We regret that our District Attorney takes this view of the matter, because the petitions will be presented, from the grand jury and the publie, asking that the indictments against those who have paid their respective shares toward protecting the depositors of the bank be dismissed-and there is absolutely no sane reason why their request should not be respected and given prompt consideration. These gentlemen haven't stolen anything, and they have acted the part of men in every particular in contributing liberally of their means to make good any carelessness of which they may have been guilty in connection with the bank's affairs. The indictments should be dismissed.
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WILL PAY 25 PER CENT. Receiver R. V. Pollard is ready to pay 25 per cent. to the depositors of the Bank of Leflore as soon as Chancellor Denton returns from Cuba and gives him authority to disburse the amount he now has on hand for the creditors. The next distribution will not be made until next fall or winter, when it is believed that a distribution of 50 per cent. will be made, and that soon thereafter the final payment in full will be made to the depositors.
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RECEIVER'S NOTICE. To All Depositors and Other Creditors of the Bank of Lefiore, of Greenwood, Mississippi: Notâce is hereby given that the undersigned Receiver of said Bank has filed bis petition in the Chancery Court of Leftore County, Mississippi, to be allowed to pay a dividend to the depositors and other creditors of said Bank whose claims are filed and allowed by said Court, and you are hereby notified to file statements of your claims against said Bank in said Court with the said Receiver on or before the 1st day of July, 1913. All parties interested who object to the allowance of any of said claims are hereby notified to file objection thereto with the said Receiver before the 12th day of July, 1913. At 10:00 o'clock A. M. on the 12th day of July, 1913, at the court house in Greenwood, Mississippi, the Chancellor will examine and adjudicate all claims against said Bank filed with said Receiver and fix the amount of dividend to be paid thereon. This the 6th day of June, 1913. R. V. POLLARD, Receiver.
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RECEIVER'S NOTICE. To All Depositors and Other Creditors of the Bank of Leflore, of Greenwood, Mississippi: Notice is hereby given that the undersigned Receiver of said Bank has filed his petition in the Chancery Court of Leffore County, Mississippi, to be allowed to pay a dividend to the depositors and other creditors of said Bank whose claims are filed and allowed by said Court, and you are hereby notified to file statements of your claims against said Bank in said Court with the said Receiver on or before the 1st day of July, 1913. All parties interested who object to the allowance of any of said claims are hereby notified to file objection thereto with the said Receiver before the 12th day of July, 1913. At 10:00 o'clock A. M. on the 12th day of July, 1913, at the court house in Greenwood, Mississippi, the Chancellor will examine and adjudicate all claims against said Bank filed with said Receiver and fix the amount of dividend to be paid thereon. This the 6th day-of June, 1913. R. V. POLLARD, Receiver.
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GREENWOOD, LEFLORE COUNTY. MISSISSIPPI, FRIDAY, JULY 18, 1913. F BANK OF LEFLORE DEPOSITORS PAID 25 PER CENT. Mi The creditors of the defunct an Bank of Leflore are the happy vil recipients of checks dated July by 24th on the Wilson Banking Co., Pl of this city, drawn by R. V. Polme lard, receiver, in their favor for the over $50.000, 25 per cent of the lin indebtedness of the said bank. lia The impression prevails that with the careful management indicated ELLIN on the part of the receiver, reasonable certainty of good crops and the consequent ability to realros ize on the bank's holdings, that another dividend of equal or M larger proportion will be forthcoming in the next few months bu only do we make the PRICES, but and that finally the bank will E GOT THE GOODS. Modern probably be able to pay its entire indebtedness, except to stocklandising, where styles change every holders. domanda I Boods
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# BANK OF LEFLORE DEPOSI- TORS TO BE PAID. Receiver R. V. Pollard requests The Commonwealth to state that on tomorrow, the 17th inst., he will pay one-half of the balance due to the depositors of the Bank of Leflore This will leave unpaid a balance of 37½ per cent. due the depositors of the defunct bank, which will be paid in full by the Receiver as soon as he realizes on the collaterals held, which are ample to take care of the interests of the depositors dollar for dollar.
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PAID IN FULL. Bank of Leflore Settles With Creditors and Depositors. Greenwood.-What is considered un. precedented under similar conditions and circumstances in the relation of a defunct financial institution settling dollar for dollar with its creditors and depositors, has been effected in the case of the Bank of Leflore failure in Greenwood. On January 25 the Bank of Leflore closed its doors and the general attitude and consensus of opinion was that the depositors and creditors would hardly get 50 per cent on their claims. In a short while after the closing of its doors Hon. R. V. Pollard, one of Greenwood's substantial lawyers, was unanimously named receiver of the defunct institution, and began the administration of its affairs. A 25 per cent dividend was declared July, 1913, and a dividend of 37½ per cent fol; lowed in January, 1914. Later the balance due the depositors and creditors, 37% per cent, was paid in full. This last dividend was made possible by a few of the directors of the defunct bank, A. F. Gardner, G. L. Ray, W. T. Johnson, W. T. Fountain, S. L. Brister and S. C. Lenoir, guaranteeing the payment of a $40,000 note executed by Receiver Pollard and loaned to him by the First National bank of Greenwood. This was effected after Receiver Pollard reported condition of the remaining assets.
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BANK OF LEFLORE DEPOSITORS AND CREDITORS PAID IN FULL. What is considered un recedented under similar conditions in the relation of a defunct financial institution settling dollar for dollar with its creditors and depositors has been effected in the case of the Pank of Leflore failure in Greenwood. On January 25, 1913, the Bank of Leflore closed its doors and the consensus of opinion was that the depositors and créditors would hardly get 1.0 per cent. on their claims. In a short while after the closing of its doors Hon. R. V. Pollard, one of our leading lawyers, was unanimous1y named receiver of the defunct institution. and began the administration of Its affairs. A 25 per cent. dividend was declared July, 1913, and a divilend of 37 1/2 per cent folowed in January. 1914. Last Monday the balance due the depositors and creditors, 37½ per cent was paid in full. This last dividend was made possible by a few of the directors of the defunct bank. A. F. Gardner, G. 1. Ray, W. T. Johnson. W. T. Fountain. S. L. Drister. and S. C. Lenoir. guar. anteeing the payment of a $40,000 note executed by Receiver Pollard, and loaned to him by the First National Bank of Greenwood. This Was effected after Receiver Pollard report rd condition of the remaining assets. It is doubtful if a defunct banking institution in Missssipri, certanly not within the past few years, has paid its claims dollar for dollar and within this course of time. This was made possible by the better conditions of the bank's assets, the co-operation of several of its directors with the heceiver and Receiver Pollard's clean, business-Mike administration of 115 affairs. Greenwood is delighted over the result and this merely indicates that the Queen City of the Delta always humps to accomplish the right and best things and is composed of 3 citizenry capacitated mentally and morally to bring about such accounI lishments. He congratulate Receiver Pollard upon the manner in which be has handled the winding up of the bank's Mairs. the depositors and creditors upon having received every cent of their money. The office rs and di. cectors of the late bank. who aided 81) substantialy in making is possible to bring about this complete (tiement cannot be commented too highly for their braisoworthy conduct throughcut the trying ordeal they have undergone in the unfortunate bank fallure.
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News Items of N Mississippi West Point-Wash Powler, a ne gro ilneman, working for the City Light and Power company. met instant death by coming in contact with 2,200 voits. Meridian Mrs. Susan V. Derricks, through Attorneys Summer and Thig pin, has entered suit against the Continental Casualty company of Chicago for $2,250. Long Beach.- political rally at Long Beach marked the formal opening of the fire-cornered judicial campaign in this district. The gathering took place at Angell house. Biloxi. Ernest Seymour. 22 years old. who came here three weeks ago to work for Joseph Pons as a deliverer of fish from the latter's fish wharf. was drowned off the end of the Pons wharf. Gulfport. At the regular monthly meeting of the Mississippi oyster commission the members made favorable reports on the progress of planting shells, which has been under way for the past two weeks. Walthall Ivy Gardener, a boy about 17 years old. son of Mrs. Mary Gardener. a widow whose home is about two miles from this place, shot and seriously wounded R. K. Adkins, his uncle by marriage. Vicksburg - Minnie Naugher, a young white woman, held in Jail here on a charge of theft of diamonds from a local Jewelry store. made her escape. A rope hanging on the inside of the jail yard enclosure and footprints were the only clews to the means of escape. The bars of the cell window had been sawed Hickory The bodies of two young men. W.J. Shakleford of Philadel. phia, Miss., the other supposed to be James Potter of Lincolnton, Ga., were found on the A. V. railway track about three miles west of Hickory. The first report was that three men ) were killed. but upon further investigation proved only to be two. Natchez. Winneld Scott, 30, a merchant of Wildaville, La. whose home is in Natchez. shot himself with . shotgua at the home of his mother in a Natchez He was despondent ove e business reverses and failing eyesigh a and thought be was going blind. d left a note to his mother. He is d just below the heart. He is no pected to live. P. re Oxford-The June term of fed nd court began here, Judge Niles pres. th ing. Juries were promptly selected and Judge Niles gave one of his charir acteristic splendid charges to the legrand jury. The work of the court of will probably be completed soon. as re there are no large cases to be diaal posed of The peonage indictments rd against W. A. Thorsen of Doddsville o were quashed and defendant disa charged. Jackson. According to the construcII tion put on the case by the supreme court in a decision handed down by Justice Reed, the First Baptist church of Oxford seems to have a legitimate claim for a showing on the sureties on the bond of Contractor Leonard, who was sued for failure. as alleged. to faithfully comply with the terms of such contract. The contract was for $6,500. conditioned on the faithful performance of its stipulations, and taking the record as presented, the court was of the opinion that the appellants had sufficient ground for action. After a brief statement of the case by Judge Reed a decision was handed down reversing the trial court. Greenwood What is considered unprecedented under similar conditions and circumstances in the relation of a defunet financial institution settling dollar for dollar with its creditors and depositors, has been effected in the case of the Bank of Leflore failure in Greenwood. On January 25 the Bank of Leflore closed its doors and the ten. eral attitude and consensus of opinion was that the depositors and creditors would hardly get se per cent on their claims. In a short while after the closing of its doors Hon. R.V. Pollard, one of Greenwood's substantial law yers, was unanimously named receiver of the defunct institution. and began the administration of its affairs. A 25 per cent dividend was declared July. 1913. and a dividend of 37% per cent followed in January, 1914. Later the balance due the depositors and ereditors, 37 1/2 per cent. was paid in fuil. Looman An unknown negro was found dead on the railroad track two miles north of this place. He is supposed to have been stealing passage on a freight train and fell off. striking his head against a cross tte. Meridian . Where is Ruth Smith? is a question that is being asked in Meridian and although the county authorities know. may refuse to tell, but will have the girl on hand in court when the habeas corpus hearing. instituted to secure the release of the girl from custody will be heard before Chancellor Whitman Natches. While crossing the Mis sissippi river in a skiff. Leon Ross, negro, lost his life through his frantie efforts to recover possession of his
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term. PAID IN FULL. Bank of Leflore Settles With Creditors and Depositors. Greenwood-What is considered unprecedented under similar conditions and circumstances in the relation of a defunct financial institution settling dollar for dollar with its creditors and depositors, has been effected in the case of the Bank of Leflore failure in Greenwood. On January 25 the Bank of Leflore closed its doors and the general attitude and consensus of opinion was that the depositors and creditors would hardly get 50 per cent on their claims. In a short while after the closing of its doors Hon. R. V. Pollard, one of Greenwood's substantial lawyers, was unanimously named receiver of the defunct institution, and began the administration of its affairs. A 25 per cent dividend was declared July, 1913, and a dividend of 37 1/2 per cent followed in January, 1914. Later the balance due the depositors and creditors, 371/2 per cent, was paid in full. This last dividend was made possible by a few of the directors of the defunct bank, A. F. Gardner, G. L. Ray, W. T. Johnson, W. T. Fountain, S. L. Brister and S. C. Lenoir, guaranteeing the payment of a $40,000 note executed by Receiver Pollard and loaned to him by the First National bank of Greenwood. This was effected after Receiver Pollard reported condition of the remaining assets.
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PAID IN FULL. Bank of Leflore Settles With Creditors and Depositors. I Greenwood.-What is considered unprecedented under similar conditions and circumstances in the relation of a defunct financial institution settling dollar for dollar with its creditors and depositors, has been effected in the case of the Bank of Leflore failure in Greenwood. On January 25 the Bank of Leflore closed its doors and the general attitude and consensus of opinion was that the depositors and creditors would hardly get 50 per cent on their claims. In a short while after the closing of its doors Hon. R. V. Pollard, one of Greenwood's substantial lawyers, was unanimously named receiver of the defunct institution, and began the administration of its affairs. A 25 per cent dividend was declared July, 1913, and a dividend of 37½ per cent followed in January, 1914. Later the balance due the depositors and creditors, 37½ per cent, was paid in full. This last dividend was made possible by a few of the directors of the defunct bank, A. F. Gardner, G. L. Ray, W. T. Johnson, W. T. Fountain, S. L. Brister and S. C. Lenoir, guaranteeing the payment of a $40,000 note executed by Receiver Pollard and loaned to him by the First National bank of Greenwood. This was effected after Receiver Pollard reported condition of the remaining assets.