20051. Darlington Trust Company (Darlington, SC)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 7, 1905
Location: Darlington, South Carolina (34.300, -79.876)

Metadata

Model: gpt-5-mini
Short Digest: 9944f671

Response Measures

None

Description

The bank posted a notice (July 7, 1905) that it was temporarily closing due to financial troubles of the Independent Cotton Oil Company. Courts subsequently appointed receivers (reports July 8-9, 1905). No run or depositor panic is reported—this is a suspension followed by receivership/closure.

Events (3)

1. July 7, 1905 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors closed the bank because of financial troubles and large loans/exposure to the Independent Cotton Oil Company; notice posted July 7, 1905 indicating temporary suspension due to that firm's troubles.
Newspaper Excerpt: Owing to the financial troubles of the Independent Cotton Oil company, the directors deem it to the interests of the depositors and the stockholders of the Darlington Trust company to close the doors temporarily.
Source: newspapers

2. July 8, 1905 Receivership

Newspaper Excerpt: Judge Brawley appointed Bright Williamson, R. B. Lebby and G. H. Sass receivers...Judge Watts has also appointed E. C. Lide, former cashier, and L. E. Williamson, Jr., receivers for the Darlington Trust Company.
Source: newspapers

3. July 12, 1905 Other

Newspaper Excerpt: R. Keith Dargan...committed suicide...he mentioned financial troubles...The properties are in the hands of receivers and startling developments are anticipated.
Source: newspapers

Newspaper Articles (16)

1. July 8, 1905 Evening Star Washington, DC

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Another Bank Failure. A special from Darlington announces the closing of the doors of the Darlington Trust Company's bank, a notice posted by Cashier Lide informing the public that owing to financial troubles involving the Independent Oil Company business would be suspended temporarily. The bank was capitalized at $200,000, and of this amount $120,000 is said to be paid In. The former president, R. Keith Dargan, is president of the Independent Oil Company, which operates several plants and has a refinery in Charleston. It is understood that Bright Williamson, who was elected president of the bank two weeks ago, began an investigation, and yesterday called a special session of directors. It is understood that Williamson has already been appointed receiver of the bank by a judge of the circuit court. Bank officers claim that every liability will be met.

2. July 8, 1905 The Daily Morning Journal and Courier New Haven, CT

Article from The Daily Morning Journal and Courier, July 8, 1905

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TRUST CO. CLOSES DOORS. Darlington, S. C., Institution SuspendsCause of Trouble. Charleston, S. C., July 7.-A special from Darlington announces the closing of the doors of the Darlington Trust company's bank, a notice posted by Cashier Lide informing the public that owing to financial troubles involving the Independent Oil company business would be suspended temporarily. The bank was capitalized at $200,000 and of this about $120,000 is said to be paid in. The former president, R. Weith Darkan, is president of the Independent Oil company, which operates several plants and has a refinery at Charleston, Bank officers claim that every liability will be met.

3. July 8, 1905 The News & Observer Raleigh, NC

Article from The News & Observer, July 8, 1905

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At Waynesville. Waynesville, July 7.-Many members of the North Carolina Press Association and the Virginia Press Association were here today from Asheville where the two bodies have been in session. The editors had a delightful trip, and are being shown every courtesy and attention here. Waynesville is delighted to have them as its guests. BANK AT DARLINGTON CLOSES. The Financial Troubles Involve the Independent Oil Company. (By the Associated Press.) Charleston, S. C., July 7.-A special from Darlington announces the closing of the doors of the Darlington Trust Company's bank, a notice posted by Cashier Lide informing the public that owing to financial troubles involving the Independent Oil Company business would be suspended temporarily. The bank was capitalized at $200,000 and of this amount $120,000 is said to be paid in. The former president, R. Keith Dargan, is president of the Independent Oil Company, which operates several plants and has a refinery in Charleston. It is understood that Bright Williamson, who was elected president of the bank two weeks ago, begun an investigation and yesterday called a special session of the directors. It is understood that Williamson has already been appointed receiver of the bank by a judge of the Circuit court. Bank officers claim that every liability will be met.

4. July 8, 1905 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, July 8, 1905

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TREASURY BALANCES. Washington, July 1.-Treasury balances, $139,214 659; gold. $70,859,371. Another Bank Failure. Charleston, S. C., July 7.-A special from Darlington announces the closing of the doors of the Darlington Trust Company's bank, a notice posted by Cashier Lide, informing the public that owing to the financial troubles involving the Independent on Company business would be suspended temporarity. The bank was capitalized at $200,000 and of this amount $120,000 is said to be paid in. The former President, R. K. Dargin. is President of the Independent Oil Company, which operates several plants and has a refinery in Charleston. It is understood that Bright Williamson, who was elected President of the bank two weeks ago, began an investigation and yesterday called a special session of directors. It is understood that Williamson has already been appointed receiver of the bank by a Judge of the Circuit Court. Bank officers claim that every claim will be met.

5. July 9, 1905 Evening Star Washington, DC

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STARTLING SEQUEL TO FAILURE. Banks All Over the Country Alleged Victims. CHARLESTON, S. C., July 8.-The closing of the Darlington Trust Company's doors at Darlington, with a notice saying that the failure was caused by troubles of the Independent Oil Company, Is now followed with announcements of a startling nature. In two courts petitions of creditors have been filed alleging indebtedness of about $750,000, with assets mainly based on cost of the mills, which was less than $100,000. Banks all over the country are said to hold paper of this concern, including many warehouse receipts for oil, and for which, it is alleged, there may be found no oil. The stock of the company was $1,000,000 and was largely held in South Carolina, Charleston having a considerable amount. In the United States court here today Judge Brawley appointed Bright Williamson, R. Bee Lebby and G. H. Sass receivers. This follows the appointment of Williamson as receiver by Judge Watts of the state court. Judge Watts has also appointed E. C. Lide, former cashier, and L. F. Williamson, jr., receivers for the Darlington Trust Company.

6. July 9, 1905 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, July 9, 1905

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STRATLING STATEMENTS. Banks Everywhere Have Paper of Defunct Cotton Oil Company. Charleston, S. C., July 8.-The closing of the Darlington Trust Company's doors at Darlington with a notice saying that the failure was caused by the troubles of the Independent Oil Company, is now followed with announcements of a startling nature. In two courts petitions of creditors have been filed alleging indebtedness of about $750,000 with assets mainly based on cost of the mills, which was less than $100,000. Banks all over the country are said to hold papers of this concern, including many warehouse receipts for oil and for which it is alleged there may be found no oil. The stock of the company was $1,000,000. and was largely held in South Carolina, Charleston having a considerable amount. In the United States Court here today Judge Brawley appointed Bright Williamson, R. B. Lebby and G. H. Sass receivers for the Independent Cotton Oil Company. This follows the appointment of Williamson as receiver by Judge Watts of the State court. Judge Watts has also appointed E. C. Lide, former cashier, and L. E. Williamson, Jr., receivers for the Darlington Trust Company.

7. July 12, 1905 The Lancaster Ledger Lancaster, SC

Article from The Lancaster Ledger, July 12, 1905

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e Trust company were temporarily closed; the second was the statement that the affairs of the Independent Cotton Oil Company had been placed in the hands of a receiver. THE NOTICE. The first intelligence was gained from the following notice, which was posted on the closed doors of the Darlington Trust company: Owing to the financial troubles of the Independent Cotton Oil company, the directors deem it to the interests of the depositors and the stockholders of the Darlisg ton Trust company to close the doors temporarily. The directors have examined the books of the company and assured all stockholders that tbey will be paid in full. "By order ef the board of directors. E. C. Lide. "Cashier. THE OIL COMPANY. It will he seen by this notice that the Independent Oil company was involved and the news of R receiver having been appointed for this company followed soon. Your correspondent wanted only the most accurate information concerning the situs. tion and what follows is official: Going first to Mr Bright Wilhamson, president of the Independent Cotton Oil company, and one of its largest stockholders. the statement was secured from President Williamson: MR WILLIAMSON'S STATEMENT. "Ten days ago, because of the solicitation of my friends, I accepted the position of president of the Independence Oil company no s special meeting. I at once began investigations and a few days ago I found some inaccuracies which I had verified yester lay. 1 feared these were serious enough to place the company in the hands of a receiver, so called a director's meeting by telegraph. Seven out of nine members were present, Mr Nachman being in Paris and Mr Israel not being able to attend. After bearing my report these geutlemen were of the unanimous opinion that a receiver should be appointed and today an order from Judge Watts appoints me to that position to take charge at once." It is impossible now to get any definite statement regarding the assets and liabilities of the com pany. The capital stock of the Inde.

8. July 12, 1905 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, July 12, 1905

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CAPITALIST DRINKS CARBOLIC. Prominent South Carolina Man Worried About Finances. Charleston, S. C., July 12.-A special from Darlington says that R. Keith Dargan, formerly president of the Independent Cotton Oil Company and the Darlington Trust Company, committed suicide about 8 o'clock last night by drinking carbolic acid. He left a note, which the coroner has taken, in which it is known he mentioned financial troubles and stated that he intended to kill himself. The properties are in the hands of receivers and startling developments are anticipated.

9. July 12, 1905 The Watchman and Southron Sumter, SC

Article from The Watchman and Southron, July 12, 1905

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this morning and this will extend to a much wider circle when the facts are known. The first was the announcement that the doors of the Darlington Trust Company were temporarily closed; the second was the statement that the affairs of the Independent Cotten Oil company had been placed in the hands of a receiver. The first intelligence was gained from the following notice, which was posted on the closed doors of the Darlington Trust Company: "Owing to the financial troubles of the Independent Cotton Oil Company, the directors deem it to the interests of the depositors and the stockholders of the Darlington Trust Company to close the doors temporarily. The directors have examined the books of the company and assure all stockholders that they will be paid in full. "By order of the board of directors. "E. C. Lide, Cashier." The Oil Company. It will be seen by this notice that the Independent Oil Company was involved and the news of a receiver havit.g been appointed for this company followed soon. Your correspondent wanted only the most accurate information concerning the situation and what fellows is official: Going first to Mr. Bright Williamson, president of the Independent Cotton Oil Company, and one of its largest stockholders, the following statement was secured from President Williamson: Mr. Williamson's Statement. "Ten days ago because of the solicitation of my friends, I accepted the position of president of the Independent Oil Company at a special meeting. I at once began investigation and a few days ago I found some inaccuracies which I had verified yesterday. I feared these were serious enough to place the company in the hands of a receiver, so called a directors' meeting by telegraph. Seven out of nine members were present, Mr. Nachman being in Paris and Mr. Israel not being able to attend. After hearing my report these gentlemen were of the unanimous opinion that a receiver should be appointed and today an order from Judge Watts appoints me to that position to take charge at once." It is impossible now to get any definite statement regarding the the assets and liabilities of the company. The capital stock of the Independent Company was nominally $1,000,000 and the stock sold last week as high as 75 per cent. of the par value. The liabilities will approximate $500,000, so it is believed. The Independent Cotton Oil Company, under the management of President R. K. Dargan, has had a record and reputation seldom equalled. When he took charge of the one mill upon which the reorganization was afterwards founded, the stock was selling at 50 cents on the dollar. Latterly the company has operated plants at Charleston, Darlington, Mullins, Kinstree, Timmonsville, Syracue, Effingham, Wadesboro, N. C., Cheraw, Lamar, Homer, Lydia, Swift Creek, Mechanicsville, Marion, Manning, Auburn, Montclare, Davis Station, N. C., Summerton and Packsville. These 21 plants are still under the direct control of the Independent Cotton Oil Company, constituting its various branches. Mr. R. K. Dargan is president of the Darlington Trust Company, which was organized April 1, 1905, with authorized capital of $200,000. The Independent Cotton Oil Company borrowed $80,000, SO it is correctly stated. from the Trust Company on

10. July 12, 1905 The Manning Times Manning, SC

Article from The Manning Times, July 12, 1905

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BIG CRASH. The Independent Cotton Oil Company has failed with assets of about $400,000, and liabilities about $700,000. The indications are that the stockholders have been severely fleeced. with the prospect of not being able to recover a dollar. The company was closely allied with the Darlington Trust Company and it too, closed up shop and cried "busted," but the stockholders in the latter institution will probably get back something. The oil mill people are down and out. Both companies are now in the hands of receivers, and in our opinion the Trust company will permanently go out of business, and the oil company will be sold at public outcry, and be bought in at a low figure by a reorganized body of the "big fish" in the present organization. We sympathize with the local people who have been fieeced by this concern, and we do not mean to twit them with "we told you so"but our readers will remember that THE TIMES was never friendly to this Trust, or "Association" as some of our friends would have it, and we did not hesitate to give full and forceful expression to our distrust. We said the Trust would fleece the people, and would later fleece

11. July 12, 1905 Evening Star Washington, DC

Article from Evening Star, July 12, 1905

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Failure Caused Suicide. R. Keith Dargan, formerly president of the Independent Cotton Oil Company, and the Darlington (S. C.) Trust Company, committed suicide last night in that city by drinking four ounces of carbolic acid. Dargan was talking to his brother a short time before the deed was done, and seemed in good spirits, although the failure of the mills and the closing of the trust company's doors were naturally weighing upon his mind. He left a note, which the coroner has taken, in which It is known that he mentioned financial troubles and stated that he intended to kill himself. The oil company was capitalized at $1,000,000, and It is rumored that the deficiency may reach $700,000. The properties are in the hands of receivers, and startling developments are anticipated. Dargan was a man about forty years of age, and had a very large family connection in Darlington and adjoining counties.

12. July 13, 1905 The County Record Kingstree, SC

Article from The County Record, July 13, 1905

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1905, with authorized capital of $200,000. The Independent Cotton Oil SO it is from Trust on $80,000, the company company correctly borrowed stated, demand loan. These loans were called for yesterday and could not be met, but it is authoritatlively stated that depositors and stockholders of the Trust company will be paid in full and will be paid at once. Mr Bright Williamson, receiver, has at once gone to work and says he will make an official statement in a few days, just as soon as all the necessary facts can be ascertained. He has been receiving telegrams and message over the long distance 'phone all day from various sections sending substantial evidences of sympathy and interest. The circumstances are deeply regretted. by all and were freely discussed 'today. For several years, under the management of President R K Dargan, the Inand degendent grew, prospered paid good dividends. Now stockholders and business men unite in regretting the combination of events that has forced such an unfortunate situation and all hope for a satisfactory adjustment very soon. It is confidentially believed that the Trust company will at an early date pay back dollar for dollar. Nothing definite, of course, can yet be learned, regarding the exact details of the oil company's affairs. Mr Bright Williamson, receiver,has at once gone to work and with so experienced, conservative and successful a business man in charge it is hoped that a more satisfactory statement will soon be made concerning the present business situation of this organization.-The State. THE LATEST PHASE. The latest phase in the affairs of the Independent Cotton Oil Co. is the institution of bankruptcy proceedings in the United States District Court at Charleston and the appointment of three receivers by Judge Brawley, viz: Messrs Bright Williamson, RB Lebby and J C Simonds. The collapse of the corporation seems to be hopeless and the latest reports indicate that very little will be saved out of the wreck for the stock-holders of the Independent Cotton Oil Co. or the Darlington Trust Co., the two concerns being very closely associated in a business way.

13. July 13, 1905 The County Record Kingstree, SC

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AIRING STATE HOUSE MATTER Suit of State of South Carolina Against Architects For Faulty Construction of Repairs on State Capitol Comes Up For Trial at Columbia. Columbia Special to Charlotte Observer. The civil suit which will be begun by the State in the Circuit Court here for $200,000 damages against the contracting firm of McIlvane, Unkefer Company and Architect Frank P. Milburn, for faulty construction in remodeling the State capitol, will attract much attention throughout the State Governor Heyward and a number of other prominent men have been summcned as witnesses and it is expected that some sensational evidence will be brought out. In the opinion of experts twice as much money as was necessary to complete the building and put it in perfect condition has already been expended, although the work is not yet complete The scandals. following an exposure of the affair, involving certain prominent politicians belonging to the State house commission. which accepted the work and released those responsible from their bonds, caused the matter to be the subject of a number of heated bates in the last several Legislature. heated. in fact, did the debates become, that, at times, it looked as personal violence would result. The State house commission's architest, Mr. C. C. Wilson, declared that the new dome was faulty in construction and liable to fall in with disastrous sults, its supports being insufficient Governor Heyward employed the government's leading expert, Mr. Kert Berle, who came here and passed upon the dome. For the most part he sided with Mr. Milburn, though the commission loyally adhered to the contentions expert UMO its JO the architect and contractors Affer were paid for their work to complete the building, a subsequent Legislature found it necessahy to appropriate $145,000 more to complete the repairs. large amount of this has already been expended, in a new heating plant and in permanent work. The principal point of difference now and the one which will receive the most attention in the trial, is as to whether a new roof should be added to take the place of the one the contractors put on under Architect Milburn. The new commission has the plans and specifications for a new roof all ready for awarding the contracts, and will these contracts, as soon as the result of the trial is known. The new roof will be of terra cotta. The failure of the million-dollar Independent Cotton Oil Company and the resultant failure of the $200,000 Darlington Trust Company, will cause much suffering in and near Darlington, where a large amount of the stock was held

14. July 13, 1905 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, July 13, 1905

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DRINKS CARBOLIC ACID. Head of Defunct Bank Takes His Life In South Carolina. Charleston, S. C., July 12.-A special from Darlington tonight says that R. Keith Dargan, former president of the Independent Cotton Oil company, and the Darlington Trust company, committed suicide about 8 o'clock by drinking about four ounces of carbolic acid. Dargan was talking to his brother a short time before the deed was done, and seemed in good spirits, although the failure of the mills and the closing of the trust company's doors were naturally weighing upon his mind. He left a note which the coronor's jury has taken, in which it is alleged he mentioned the financial troubles, and stated that he intended to kill himself. The oil company was capitalized at one million dollars, and it is rumored that the deficit may reach $700,000. The properties are in the hands of receivers and startling developments are anticipated. Dargan was a man about 40 years of age, and had very large family connections in Darlington and adjoining counties.

15. July 19, 1905 The Anderson Intelligencer Anderson, SC

Article from The Anderson Intelligencer, July 19, 1905

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STATE NEWS. - A new oyster factory will soon be erected in Charleston. - Chesterfield is likely to fall in line and vote out the dispensary. - The fertilizer board reports that the sales for fertilizer last year came to $127,000. - The body of a man terribly mutilated was found on the coast at Sullivan's Island. - An insect said to be the boll weevil has been found in cotton fields in Saluda County. - Sumter's new electric lighting company proposes to build a trolley line in the Game Cook city. - Robert Kneece was killed near Batesburg in a runaway. He was driving a mule and got tangled up in the lines. - Movements have been started in Williamsburg and Florence Counties looking toward the voting out of the dispensary. -- Andrew Lamb, a well known farmer of the Cross Keys section of Union County, dropped dead while plowing in his field. - The Virginia-Carolina Chemical Company has purchased a plantation near Beaufort containing valuable phosphate deposits. - A negro woman in Orangeburg was fired on by an unknown person and an infant in her arms was killed instantly. The woman was severely wounded. - The Union & Glenn Springs Railroad, which runs from Pride's on the Seaboard Air Line to Union, has been inspected by the railroad commission and opened for traffic. - Henry Mosely is the richest colored man in Greenville. He was recently awarded more than $6,000 by the Southern Railway for certain lands to be used by the railway for terminals. - Miss Annie Holman, of Orangeburg, and Miss Kate M. Duncan, of Newberry, have been appointed missionaries by the committee on Foreign Missions of the Southern Presbyterian Church. - Vernon Nettles, aged 21. son of Rev. Hiram Nettles of Kershaw County, committed suicide by shooting himself in the head with a pistol, because his father reprimanded him for some offence. - W. E. McCarter, an engineer, was found dead in the cab of his en gine while it was slowly moving in the direction of the chalk beds near Aiken. Heart failure is assigned as the cause of death. - Andrew Wallace and J. W. Glenn, postmaster at Wallaceville, engaged in a street duel. Wallace was wounded in the hip. The rain was pouring down in torrents while they were fighting. - George and Westley Price, colored children aged seven and eight, were playing with a pistol at Johnston when the thing went off, the ball entering the abdomen of the older. He died the next day. - It is stated that since the dispensary has been moved from Pickens that the town council has dismissed the policeman, be fines from disorder and drunkennes. not being sufficient to pay for his services. - The Saluda Power Company has been granted a forty-year charter by the city of Greenville. It has a capital stock of $300,000 and is building a dam on Saluda river, from which power will be transmitted to the city. - Rev. P. N. Goldsmith, a native of Greenville, and pastor of the old feast Church at Salem. Mass., is lost in the mountains of Mexico. He was on an exploration tripand it is thought that he was killed in trying to photograph some volcano fires. - Isadore Thompson, of Greenville, was granted a pardon by the governor a few days ago. Thompson was given a life sentence in 1903 for the murder of a man who seduced his daughter. The petition was signed by the most prominent women of Greenville. - An application for a charter for a trolley line and power plant has been made to the city council of Florence. The trolley line is intended to run to Darlington on one side and Allison's landing, on the Pee Dee river, on the other-s distance of 30 miles, - The tobacco sales in the Pee Dee section have begun in real earnest. Large quantities of the weed are being sold daily in Timmonsville, Florence, Darlington, Mullins, and other places. Prices are said to be good. The tobacco acreage is much larger than it was last year. - Robert Keith Dargan, president of the Darlington Trust Company, and the Independent Oil Company, of Darlington, committed suicide on Tuesday, 11th inst., by drinking carbolio acid. The deed was a 00080quence of the failure of the two companies for something like seven hundred thousand dollars. He was about 35 years old and leaves & widow and two children, one a daughter about grown

16. August 8, 1905 The Semi-Weekly Messenger Wilmington, NC

Article from The Semi-Weekly Messenger, August 8, 1905

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C. Lide and L. E. Wishamson, 1: , reivers of the Darlington Trust ompany, is as follows: To the Honorable Court: We, the adersigned receivers respectfully subthe following as our report to the Having duly qualified as receivers of Darlington Trust Company, above we took charge of the books and of said company and we find on said books the following condition affairs: Cash on hand, $1,833.34; furniture fixtures, $1,612.86; discounts, $166 real estate, $59,245.26; Atlantic al Bank, $1,036.30; National of Commerce, $18,007.80; Murch:National Bark, $1,929.34; South arolina Loan and Trust Company, 12.3.05, Bank of Darlington, $5,805 62: $258,161.68. Liabilities: Capital paid in, $109,500; deposits, $31,6.91; rediscounts, $94,077.94; AmeriNational Bank, Richmond, $1,569.Merchants National Bank of R:ch$8,028; netto Bank and Trust ompany, $423.44; City National Bank reenville, $1,413.81; Third National Atlanta, $8,051.29; American ational Bank, Spartanburg, $31.00 and loss $788.92. Total $258,161. Upon the foregoing statement we it will no: be inappropriate for to make the following remarks: Cash and cash items to the amount of have been duly turned over us Discounts. We find all the notes listupon the books of the Darling n Company as spears in the forestatement, except such as have ...scounted and appear under that in the forego rg statement. We among the said notes and disunsecured notes of the IndepenCotton Oil Company to the amo int $80,000, of which said amount $10,of said notes had been rediscountWe also find rotes secured by stock the Independent Cotton Oil Company of the Darlington Trust Company moenting in the aggregate to $17,180. which we corsider doubtful also doubtful notes amounting to $2,600. Real Estate. We have taken charge real estate owned by the Darling Trust Company and will proceed to bllect rents upon the same as they due. ecome Accounts with banks. We have necked over all the statements of ac with banks SO far as we have able up to this date to obtain statements and we find them ap coximately correct, there being sotas djustments to De made which makes alteration 12' these accounts. With following exceptions: While the of the Darlington Trust Compa show a balance of $18,007.80, due to by the National Bank of Commerce New York, that bank claims that the mount had been reduced to approxi $3,000, they having charg against the Darlington Trust ompany notes OI the Indepen Cotton Oil Company to the amount $15,000, for which charge they claim hold orders from the late presiden the Darlington Trust Company Jeither these notes nor the charge an in any way upon the boks of the Darlington Trust Company, but since receivership the aforesaid note ggregating $15,000, have been turne: to us and are now held by us a ddition to the amounts above. W informed that the amount of on redit in the Atlantic National Banl been attached by the Third Nation Bank of Atlania, Ga., and that th mount to our credit in the Murchisor National Bank of Wilmington, agains he liability of the Darlington Trus tompany, on certain notes rediscounte it and not paid at maturity. We have not as yet been able to ob a statement of account from 1b ferchants' National Bank of Rich