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NATCHEZ BANK, $2,000,000 DEPOSITS, GOES UNDER NATCHEZ, Miss., Oct. 30.-The First National bank of Natchez today was placed in the hands of receivers. The bank's capital is $250,000. deposits, $2,000,000. It was said the depositors would be paid in full.
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NATCHEZ BANK CASE. Court Overrules Defense Objections to Four Members of Jury. Natchez.-Objections made by counsel for A. G. Campbell, former president of the defunct First National Bank, to four members of the jury were overruled by the court, and the taking of testimony was begun against the accused banker, who is charged with receiving deposits in an insolvent institution. The chancery clerk was the first state witness. The recording charter and amendments of the bank were read, in an endeavor to prove it legally incorporated. L. P. Conner, receiver of the bank, on the stand read the mniutes from the records of the bank regarding its Incorporation in the state, showing by documentary evidence also that A. G. Campbell signed all documents as president of the bank. Probably the state was anticipating a contention by the defense that the bank was not legally incorporated and was an unlimited partnership. Fifteen witnesses were called by the state. C. F. Engle, one of the attorneys for the defense, is ill.
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MONEY awaiting DEPOSITORS. Natchez, Miss., July 28.-L. P. Conner, receiver of the First National Bank is anxious to find a number of depositors of the defunct institution. Recently a dividend of 5 per cent, amounting to about $75,000 was declared in favor of the depositors. Checks were mailed out by the receiver to the addresses as they appeared on the books of the bank. Many of the letters containing the checks were returned by the postoffice where they were sent for the reason that they were not called for. The receiver is making every effort to find these depositors, but with little success. Just how much is represented by the checks held has not been given out, but it is thought to be a substantial amount.
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Money Awaiting Depositors. Natchez.-L. P. Conner, receiver of the First National Bank, is anxious to find a number of depositors of the at funct institution. Recently a dividend of 5 per cent., amounting to about $75,000, was declared in favor of the depositors. Checks were mailed out and many of these checks have been re turned.
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Money Awaiting Depositors. Natchez.-L. P. Conner, receiver of the First National Bank, is anxious to find a number of depositors of the at funct institution. Recently a dividend of 5 per cent., amounting to about $75,000, was declared in favor of the depositors. Checks were mailed out and many of these checks have been re turned.
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BANK SUIT COMPROMISED. Natchez, Miss., Oct. 22.-The suit filed by L. P. Conner, receiver of the defunct First National Bank, against W. P. Stewart, a director of the institution, was settled today in the chancery court. A compromise was effected, whereby Stewart will pay $61,220. All of the directors of the bank were sued collectively and individually. The other directors had previously compromised. A petition is being circulated among the depositors of the failed bank, addressed to Chancellor Cutrer, asking that a co-receiver be appointed with L. P. Conner, on the ground that on account of the great volume of work involved one man cannot handle it.