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BANK FAILS FOR $60,000. MERIDIAN, Miss., March 17.-The Southern Bank of Meridian today closed its doors. Liabilities are given at $60,000. The capital stock is $100,000. The recent financial flurry is held responsible for the suspension.
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Closing of a Bank. Meridian, Miss., Mar. 17.-The Southern Bank of Meridian today closed its deors. Liabilities are given at $60,000, while the espital stock is $100,000. The recent financial flurry is held responsible for the suspension.
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Mississippi Bank Fails. By United Press Leased Special Wire. MERIDAN, Miss., March 17.-The Southern Bank of Medidian, today closed its doors. Liabilities are given at $60,000, while the capital stock is $100,000. The recent financial flurry is held responsible for the suspension.
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Aguila. Agulla. The best 5c Cigar. m12 LOVE DRUG CO. MERIDIAN BANK CLOSES ITS DOORS Voluntary Liquidation is Decided Upon in the Interest of the Stockholders. Meridian, March 16.-Instead of opening its doors as usual this morning a notice was posted on the door of the Southern Bank at 25th avenue and Fourth street announcing that the bank had temporarily suspended business and calling a meeting of the stockholders, which will be held in the directors rooms this evening at 8 o'clock. The following notice was the first news given to the general public that the bank had suspended; "Resolved by the board of directors of the Southern Bank, that the busiV ness of said bank is suspended for the present and that a voluntary lie quidation of the affairs of said bank is to the interest of depositors, creditors and stockholders, and that the terms, conditions and methods of said liquidation be submitted to a meeting of the stockholders and creditors to be held at said bank at 8 o'clock on the 16th day of March, 1908. (Signed.) = B. V. WHITE, President. J. C. RUSHING, Cashier. When seen at the bank this morning Cashier Rushing stated that he considered that it was best for all concerned that the bank suspend payment on its deposits for a few days, at least until the stockholders deci led just what action they desired to take. "I really don't know just what the foutcome will be, in fact it would be 1difficult for me to make any statement at all until after the meeting of ts the stockholders tonight," said Mr. se Rushing. on As to the financial condition of the of bank Mr. Rushing had nothing to say, aside from the fact that the liability ties of the bank are close to $60,000. nd He could not say just what the assets on will be. Several weeks ago when the finanbe cial panic first struck the country he the Southern bank announced the fact that the depositors would be limited in drawing out their deposits to the amount of $10 a day. This rule has been in vogue since that time and remained so up until the time the bank closed its doors this morning. The failure of the Southern bank slawill scarcely be felt in Meridian. I has been looked for ever since the ood beginning of the financial trouble few over the country. There are a larg number of depositors but the major anity of them are only for small amount anThe bank was capitalized at $100 000.
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MRS. BAUM'S TRIAL AGAIN TAKEN UP NOTHING NEW DEVELOPS IN THE CROSS-EXAMINATION - SOUTHERN BANK CLOSES ITS DOORS IN VOLUNTARY SUSPENSION. Meridian, Miss., March 16.-(Special.)The trial of Mrs. Sidonia Baum was resumed before the lunacy commission in the chancery clerk's office this morning after a suspension of a week or more during the session of the federal court. The trial was resumed with the continuance and conclusion of the cross-examination of Mrs. Baum. No additional light was thrown on the case. The afternoon session of the proceedings was devoted mainly to wrangling among the lawyers over the introduction of expert testimony. The trial will be resumed tomorrow morning. The Southern bank of this city failed to open its doors this morning. A notice posted on the door announced that the bank had temporarily suspended business. The following notice was given to the public: "Resolved, by the board of directors of the Southern bank, that the business of said bank is suspended for the present and that a voluntary liquidation of the affairs of said bank is to the interest of depositors, creditors and stockholders, and that the terms, conditions and methods of said liquidation be submitted to a meeting of the stockholders and crediters. "B. V. WHITE, President.. "J. C. RUSHING, cashier." The liabilities of the bank are close on to $60,000. Just what the assets are could not be determined. The Southern bank at the beginning of the recent panic limited withdrawales to $10 a day and the action taken has created no very great surprise to the people of Meridian.
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A Meridian Bank Fails For $60,000 By Associated Press. Meridian, Miss., March 16.-The Southern Bank, of this city, failed to open its doors this morning. A notice posted on the door stated that the directors closed the bank for the benefit of the depositors, pending arrangements to liquidate the liabilities of the institution. The bank is capitalized at $100,000 and it is said the liabilities will run close to $60,000.
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BANK FAILS TO OPEN. Notice Posted on the Door at Meridian, Miss. Mobile. Ala., March 16.-A special to The Register from Meridian, Miss., says: "The Southern Bank, an institution known to have been in financial distress for some time, failed to open its doors this morning. "President B. V. White and Cashier J. C. Rushing, posted a notice on the doors stating the directors had closed the bank for the benefit of the depositors pending arrangements to liquidate the institution. "The bank was capitalized at $100,000 and Cashier Rushing is quoted as say+ ing the liabilities will run close to $60,000.
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MRS, SIDONIA BAUM AGAIN IN COURT Doctor Testifies That Defendant Is Quite Sane AGED NEGRO FOUND DEAD Coroner's Jury Investigates Death, But No Arrest Follows-Fine Residence Is Robbed and Burned By Unknown Persons. Meridian, Miss., March 17.-(Special.)The trial of Mrs. Sidonia Baum before the lunacy commission was resumed this morning with Dr. W. W. Hamilton on the stand for cross-examination. His testimony was to the effect that he had visited Mrs. Baum on several occasions and that in his opinion she is sane. He had never seen her act in any but a sane way. Dr. Hamilton is president of the Mississippi Medical college. The next witness was N. L. Clark, dean of the same college. His testimony corroborted that of Dr. Hamilton in the main as to the sanity of Mrs. Baum. The cross-examination of Dr. Clark will occupy the attention of the commission tomorrow. The trial has now been in progress about five weeks, and it is expected that it will be concluded this week. News reached the city today of the killing of Jake James, a negro, aged 30, at his home 10 miles southeast of the city. The negro's death was due to a load of buckshot in his breast, and the general impression is that the shot was fired by his 12-year-old daughter. The girl gave the alarm about 3 o'clock this morning and could not give a satisfactory account of the tragedy. James was found lying across his bed with his gun on the floor. Besides the girl her little brother and three smaller sisters were in the same room asleep at the time. When they were awakened by the shot their older sister was up, but she, too, claims to have been awakened by the shot. The coroner held an inquest, returning a verdist that the negro met his death at the hands of unknown parties, as the evidence would not justify the arrest of the girl. Robert Brown and Miss Velma Blanks of Selma were married in Meridian this afternoon. The ceremony was performed by Dr. J. R. Farrish, a Baptist preacher. The young couple met in this city and had the marriage performed. The handsome home of Hall Harrison on the Highlands was robbed and burned tonight by unknown parties. The family was away visiting neighbors at the time, When the first alarm was sounded neighbors saw two men run from the house. An effort to save the valuables developed the fact that the house had been ransacked and it is presumed the thieves set fire to the building to hide the evidences of the robbery. The loss is estimated at about $5000. The directors of the Southern bank, which closed its <doors Monday, at a meeting held tonight>decided to turn the affairs of the bank over to J. A. McCain, cashier of the Merchants' and Farmers' bank of Meridian, for liquidating the indebtedness. The affairs, it is announced, will be wound up with due precaution and to the best interests of the depositors and stockholders.
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Meridian Bank Fails. Meridian, Miss.. March 18.-7he Southern bank, an institution known to have been In financial distress for some time, failed to open Its doors Monday morning. President B. V. White and Cashier J.C. Rushing post. ed a notice on the door stating that the the benefit of the depositiso ÉTAO directors had closed the bank for the benefit of the depositors pending ar. rangements to liquidate the Institution. The bank was capitalized at $100,000. and Cashier Rushing is quot. ed as saying the liabilities will run close to $60,000.
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The Southern Bank of Meridian suspended Monday, with liabilities of $60,000. The assets as yet unknown, and are to be determined by a meeting of stockholders. No sensation was caused by the suspension.