Article Text
LOT OF GOOD MONEY WASTED; HUGH M. TATE GOT HIS. While a lot of "dope" has been handed out about the Knoxville Bank and Trust Co., case a great deal has never been given by the Knoxville dailies and weeklies, and it will be our pleasure to let the truth be known. Among the different things which we will publish is the following court record showing where the attorneys for the receiver, received from the funds of the poor unfortunate depositors the reasonable fee of $20,000.00. No. 12465 Joseph Knaffl et al. Against In-the Chancery Court, Knoxville Banking & Trust Co. at Knoxville, Tennessee. This cause came on for hearing on the motion and application of T. A. Wright, R. M. Jones, D. C. Webb and HUGH M. TATE for a further allowance of $10,000.00 upon account of their compensation for services as counsel for the receiver in this cause, and the Court being of the opinion that said motion should be allowed, but that the question of whether or not the fee for $10,000.00 which has already been allowed and paid, together with the fee now being allowed, is more than reasonable compensation for the services rendered and to be rendered by counsel for the receiver in this cause, should be reserved, the Court doth accordingly order, adjudge and decree that such additional $10,000.00 shall be paid to said attorneys at this time, but only upon condition that they shall appear in open Court and agree that when a reference is had as to what is and will be reasonable compensation for the said counsel for their services to the receiver, if it shall appear or be adjudged by the Courts of this State that they have already been paid too much for their said services, then and in that event they will pay back into the registry of this Court and for the benefit of the creditors of the Knoxville Banking & Trust Company such excess as shall be adjudged has been paid to them as aforesaid. And it further appeared to the Court that said attorneys have appeared in open Court and have agreed and bound themselves jointly and severally to pay back into the registry of this Court any such amount as it shall be adjudged they have been overpaid for their said services, and have assented and agreed to this decree in open Court, the court is pleased to and doth accordingly order that the Receiver shall immediately pay said sum of $10,000.00 to said attorneys. Enter, Wright, Chancellor.