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le ANOTHER WOODVILLE a A BANK GOES TO WALL S 1 t The Citizens' Bank of Wilkinson o County, located at Woodville, Miss., 1 has closed its doors and C. D. Mc13 Cloud, cashier of that institution, is ) in jail charged with embezzling ap: proximately $43,000 of the bank's funds. The suspension of business by the bank and the arrest of the cashier followed an investigation made in New Orleans by J. M. Sessions, president of the bank. When McCloud was taken into custody he admitted f having gotten away with the bank's funds and stated further that he had lost most of the amount in speculan n tion. Only five months ago the Bank of Woodville was closed for similar bt reasons, and now Woodville is withS out a bank. For some time a coterie of men in n Woodville have been dabbling in cotd ton futures. While some of them 11 have accumulated considerable mond ey from this source, it is a fact be that this has been the cause of wrecking two banks, the imprisonment of two men and the loss of much money to stockholders and depositors. At the time the Bank of Woodvillle went to the wall, the Citizens' Bank published a statement which looked very well on paper, E though at that time the same insidious cause that wrecked its rival was at work on its own vitals. The banking laws of Mississipp nt, paare not nearly so strict as those o he Louisiana, and there is no state bank ering department. It is related that a Ora recent session of the Mississipp legislature the proposition was mad el, vas to enact more stringent banking leg cal islation. This did not meet with th ent approval of Mississippi bankers, and it is said, there were not enoug ion boarding houses at the state capita ock to care for the crowd of people wh went there to lobby against the pro will eck posed laws. the $27,000 belonging to the count was on deposit with the bank whe and it closed its doors. age
