20648. Peoples National Bank (Gallatin, TN)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 5545
Charter Number: 5545
Start Date: July 18, 1907
Location: Gallatin, Tennessee (36.388, -86.447)

Metadata

Model: gpt-5-mini
Short Digest: 194ef960

Response Measures

None

Description

Bank was closed by directors after discovery of irregularities/shortage (~$39,000) and a national bank examiner was appointed receiver on July 18, 1907. No run is reported; bank was permitted to resume business after stockholders made good the shortage and Comptroller allowed reopening Aug 7–8, 1907.

Events (5)

1. August 20, 1900 Chartered

Source: historical_nic

2. July 18, 1907 Receivership

Newspaper Excerpt: National Bank Examiner M. E. Patterson was appointed receiver. The People's National Bank of Gallatin, Tenn., today was closed by order of the board of directors and National Bank Examiner M. E. Patterson has been appointed receiver.
Source: newspapers

3. July 18, 1907 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Discovery of alleged discrepancy/shortage of about $39,000 in accounts (unaccounted discount paper, ordinary accounts, unidentified entries) leading directors to close bank pending investigation and examiner audit.
Newspaper Excerpt: The doors of the People's National Bank are closed pending an investigation of the condition of the bank. Some irregularities were discovered several days ago, and President Payne telegraphed to Washington for an examiner
Source: newspapers

4. August 2, 1907 Other

Newspaper Excerpt: Stockholders assessed themselves each 50 per cent of the amount and subscribed $15,000, which was collected at once... It is the intention to open the bank next Monday, and there is now only $10,000 to collect before doing this.
Source: newspapers

5. August 7, 1907 Other

Newspaper Excerpt: The People's National bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, 1907, having complied with the conditions imposed by the Comptroller of the Currency precedent to resumption, and its capital stock being now unimpaired, has been permitted to open its doors for business as an active national banking association.
Source: newspapers

Newspaper Articles (23)

1. July 18, 1907 Evening Star Washington, DC

Article from Evening Star, July 18, 1907

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BANK CLOSES ITS DOORS. People's National of Gallatin, Tenn., Suspends Business. GALLATIN, Tenn., July 18.-The doors of the People's National Bank are closed pending an investigation of the condition of the bank. Some irregularities were discovered several days ago, and President Payne telegraphed to Washington for an examiner, who is now auditing the books. The amount of the alleged shortage is not known, but the directors are confident the bank is solvent. It is believed the bank will soon resume business. An automobile carrying a large amount of money is on its way here from Nashville.

2. July 19, 1907 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, July 19, 1907

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BANK'S DOORS CLOSED. Irregularities In Financial Institution At Gallatin, Tenn. Nashville, Tenn., July 18.-A Gallatin. Tenn., dispatch to The Banner, says that the doors of the Peoples' National Bank at that place are closed pending an investigation of the cond:tion of the bank. Some irregularities were discovered several days ago and President Payne telegraphed to Washington for an examiner. who is now auditing the books. The amount of the shortage is not known, but the directors are confident the bank is solvent and that the depositors and creditors are safe. Cashier W. G. Harris, who has not been at home for some time, states that he can straighten out the irregularities when he returns. It is believed that the bank will soon resume business. An automobile carrying a large amount of money left here this morning for Gallatin under a heavy guard. It is believed a run on the bank can be prevented.

3. July 19, 1907 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, July 19, 1907

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Bank Is Closed WASHINGTON, July 18.-The People's National bank of Gallatin, Tenn., today was closed by order of the board of directors and National Bank Examiner M. E. Patterson was appointed receiver.

4. July 19, 1907 The Washington Herald Washington, DC

Article from The Washington Herald, July 19, 1907

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National Bank Closed. The Comptroller of the Currency announced yesterday afternoon that the People's National Bank of Gallatin, Tenn. was closed by direction of its board of directors, and National Bank Examiner M. E. Patterson has been appointed receiver. The bank's resources and liabilities at the close of business May 20 aggregated $236,647.56.

5. July 19, 1907 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 19, 1907

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BANK GOES UNDER. Washington, July 18.-The People's National bank of Gallatin, Tenn., today was closed by order of the board of directors and National Bank Examiner M. E. Patterson has been appointed receiver.

6. July 19, 1907 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, July 19, 1907

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EXAMINER CLOSES BANK AT GALLATIN SHORTAGE OF $39,000 DISCOVERED IN ACCOUNTS-CASHIER HAR. RIS IS ILL AT HIS HOME AND SAYS HE CAN CLEAR IT UP. Gallatin, Tenn., July 18.-United States Bank Examiner M. E. Patterson today took charge of the People's National bank of this place, a discrepancy of $39,000 having been found in the accounts. The discovery was made by the assistant cashier during the absence of Cashier W. G. Harris, who is ill at the home of his father-in-law, Judge William Hall. The latter, in a statement made for his son-in-law, asserts that Harris is straight/ with the bank and that but for his illness there would have been no trouble. The bank has a capital of $50,000, undivided profits of $14,500 and deposits aggregating $140,000. Of the shortage $29,000 Is said to be in unaccounted for discount paper; $7000 in ordinary accounts and $3000 in unidentified entries. The discounts unless they should be forgeries, will not represent a loss to the bank, the holders suffering, and it is therefore probable that actual loss to the stockholders will not exceed $10,000. It is expected that the bank will soon resume business. Other banks in town were prepared for emergencies, but there were no indications of a run.

7. July 19, 1907 New-York Tribune New York, NY

Article from New-York Tribune, July 19, 1907

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RECEIVER FOR NATIONAL BANK. Small Tennessee Institution Closes Its Doors, but Is Thought To Be Solvent. Gallatin, Tenn., July 18.-The doors of the People's National Bank are closed, pending an investigation of the condition of the bank. Some irregularities were discovered several days ago, and President Payne telegraphed to Washington for an examiner, who IS now anditing the books. The amount of the alleged shortage Is not known, but the directors are confident the bank is solvent. It is believed the bank will soon resume business. An automobile carrying a large sum of money is on its way here from Nashville. Washington, July 18.-The People's National Bank of Gallatin, Tenn., was closed to-day by direction of its board of directors, and M. E. Patterson. national bank examiner, has been appointed recéiver. The following is a statement of the bank's resources and liabilities at the close of bustness on Moy 20, 1907, the date of the last report called for by the Controller of the Currency. Resources-Loans and discounts, $166,698; United States bonds to secure circulation, $12,500; bonds. securities, etc., $120; premium on United States bonds, $375: banking house, $10,275; due from banks and bankers, $30,115; cash and other cash items, $15,838: redemption fund, $625. Total. $236,547. $50,000; surplus and undivided profits, $14,304; circulating notes secured by United States bonds, $12,500; due to reserve agents, $152; dividends unpaid, $115: deposite, $139,475; bills payable, $27,000. Total, $236,547.

8. July 20, 1907 Bryan Morning Eagle Bryan, TX

Article from Bryan Morning Eagle, July 20, 1907

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CONDENSED NEWS. Jenks. near Tulsa, I. T., is a new town. Ryan, I. T., will have a barbecue and celebration Aug. 9. Wods-Stubbs seed huse at Louisville burned, entailing a $100,000 loss. George Waters died near Granbury, Tex., from the effects of a mule's kick. Dr. G. A. Durland, a veterinary surgeon. died at Lawton, Okla., from an overdose of cocaine. People's National bank at Gallatin, Tenn., is in a receiver's hands. A $39,000 discrepancy was found. Arthur Duke, a Perry, Okla., boy, who was bitten five times by a supposed mad dog, was taken to Tulsa for treatment. In Lampasas county. Texas, a boy named Drager had a leg nearly cut off by a mowing machine, the foot hanging by tendons. J. A. Stinson, the well konwn wool grower, is storing at Clayton, N. M., 200,000 pounds of wool. He has contracted to sell 10,000 lambs. At Spaulding, eight miles south of Holdenville, I. T., the store of J. F. Evans was robbed in daylight. Two negroes held up the clerk with a pistol. Steamboat Tennesse struck an abutment of the Eads brdge at St. Louis and went to the bottom of the Mississippi "fver. She was valued at $30,00.

9. July 21, 1907 Gainesville Daily Sun Gainesville, FL

Article from Gainesville Daily Sun, July 21, 1907

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DISCREPANCY OF $39.000. Bank Examiner Takes Charge of Gal. latin, Tenn., Bank. Gallatin, Tenn.. July United tates Bank Examiner M. E Paterson has taken charge of the Peoles' National bank. of this place, . Miscrepancy of $39.000 having been Bound in the accounts. The discovery was made by the asIstant cashier during the absence of Cashier F. G. Harris. who is ill a: home of his father-in-law, Judge the Villiam Hall. The latter, in a stateent made for his son-in-law, asserts that Harris is straight with the bank and that, but for his illness. there would have been no trouble. The bank has a capital of $50,000: adivided profits of $14,500. and desits aggregating $140,000. Of the ortage, $29,000 is said to be in accounted for discount paper;$7.000 ordinary accounts, and $3.000 in maidentified entries. The discounts, mless they should be forgeries. will ot represent a loss to the bank, the olders suffering. and it is therefore robable that actual loss to stockolders will not exceed $10,000. It is expected that the bank will oon resume business. Other banks in the town were prepared for emerencies but there were no IndicaNong of a run.

10. July 22, 1907 Gainesville Daily Sun Gainesville, FL

Article from Gainesville Daily Sun, July 22, 1907

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DISCREPANCY OF $39,000. Bank Examiner Takes Charge of Gallatin, Tenn., Bank. Gallatin, Tenn.. July 20.-United tates Bank Examiner M. E. Patterson has taken charge of the Peoples' National bank. of this place. a discrepancy of $39.000 having been found in the accounts. The discovery was made by the asdetant cashier during the absence of Cashier F. G. Harris, who is ill at the home of his father-in-law, Judge William Hall. The latter, in a statement made for his son-in-law, asserts that Harris is straight with the bank end that, but for his illness, there would have been no trouble. The bank has a capital of $50,000; individed profits of $14,500, and deposits aggregating $140,000. Of the shortage. $29,000 is said to be in assocounted for discount paper; $7,000 ordinary accounts, and $3,000 in in unidentified entries. The discounts, unless they should be forgeries, will not represent a loss to the bank, the holders suffering. and it is therefore probable that actual loss to stockholders will not exceed $10,000. It is expected that the bank will soon resume business. Other banks 12 the town were prepared for emergencies but there were no IndicaCions of a run.

11. July 23, 1907 Twice-A-Week Plain Dealer Cresco, IA

Article from Twice-A-Week Plain Dealer, July 23, 1907

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ENACTED AWFUL SCENES Men, Women and Children Crushed in the Splintered Coaches, Few Escaping Injury. Terrible Ending to a Happy Day's Outing by the Employes of Pere Marquette Road. Salem, Mich., July 22.-Twenty nine excursionists were killed and 100 more injured, many of them. fatally, Saturday morning when a Pere Marquette excursion train of 11 coaches from Ionia, carrying nearly 1,000 employes of the Pere Marquette shops there, and their families, was run into by a local freight train at Washburn Crossing, about two miles east of here. Long List of Dead. The dead, all of whom are from Ionia: Will Dot, Ionia; John Patterson, Charles Macaloni, Al Hebert, Martin Kilduff, Mrs. Abraham Eddy, Herman Naff, N. J. Cornell, John Rog ers, Willie Grams, a boy; John Tafel, Mrs. August Richter, Ned Gallagher, Lee Alvord, Conductor E. E. Bixley, Fireman Knowles, Den Rogers, Frederick Latham, Frank Smith, Conducotr E. E. Pixley, Charles Hess and his two sons, Charles McCauley, Sr.; L. K. Merrill, Albert Trautwine, James Vizard, Harry Reynolds, Homer Smith, Fred Fitzgerald, William Steiger, Kansas City, who was working in Ionia, Dred Vaughan, South Bend, Ind. Coaches Telescoped. Three of the ceaches were telescoped by the terrific impact of the heavy freight train, and the fourth and fifth coaches were smashed into matchwood. Although there were probably 150 children among the excursionists it is a strange fact that few of them were severely hurt. Nearly all of the dead and the injured are men. Passengers on the wrecked train say that the passenger was running about 40 miles an hour when the trains met. Wreck Occurs in Cut. The banks alongside the track at the crossing where the collision OCcurred are ten feet high, and the space between them for several hundred feet is literally filled with wreck age. The railroad wreckers are makIng all the speed that is possible in clearing it, but even with the assistance of steam cranes at each end, it will be 12 hours before it can definitely be stated whether all the bodies are out. The passenger engine was completely wrecked and its crew killed, but in some miraculous manner the engineer and fireman of the freight engine escaped with their lives. A majority of the killed were men, who were seated in the smoking car. Farmer Saw Wreck. The trains met in a cut which is In the arch of a four-mile long curve in the track, and the banks run up for ten feet above the rails at the point of collision. E. E. Smith, a farmor living near the crossing, was at work in his field, and saw the two trains bearing down upon each other. Both of them dashed into the cut and out of his range of vision. Just the tops of the smoke stacks were visibly as they rushed along under the ten feet banks to destruction. He saw the stacks come together and then the two engines reared up above the banks and fell back as the roar of the collision came to his ears. Shrieks Filled the Air. Almost before he realized what had happened the air was pierced with screams of the wounded and dying people, staggering out from the wrecked cars. Mr. Smith with dozens of other farmers in the neighborhood, rushed to their assistance. Many of the farmers brought bedding and bandages for the injured and as the hours wore on, sent to their homes for food for the suffering people The scene about the wreck as the wreckers delved among the shattered cars was pitiful. Men, women and children weeping and moaning wandered about searching for missing friends and relatives. Scores Injured. In addition to the 75 to 100 people who were severely injured, there are scores more who were cut and bruised by being thrown about in the uninjured cars when the trains collided. Nearly every person in the first half dozen coaches needed some medical attention. The most severely hurt were first looked after by the surgeons. Their wounds were hastily dressed, and hemorrhages stopped, after which they were carried to the wrecking train from Detroit and laid on cots to be brought to Detroit hospitals for further treatment. Probing Bank's Condition. Gallatin, Tenn., July 19.-The doors of the Peoples' National bank are closed pending an investigation of

12. July 26, 1907 The Columbia Herald Columbia, TN

Article from The Columbia Herald, July 26, 1907

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CASHIER HARRIS ARRESTED MUST ANSWER FOR ALLEGED - SHORTAGE OF $40,000 IN GALLATIN BANK. Special to the Herald. NASHVILLE, Tenn., July 22.-A special from Gallatin, Tenn., announces the arrest there this morning by Deputy Marshall Jim Duggan of Cashier William Greene Harris of the Peoples National Bank. The warrant charges violation of national banking laws. There is an alleged shortage of $40,000 of the bank notes and cash. M. E. Patterson, Federal Bank Examiner, has been placed in charge as receiver.

13. July 26, 1907 The Columbia Herald Columbia, TN

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SHORTAGE $39,000 IN GALLATIN BANK, BUT LOSS WILL PROBABLY BE ONLY $10,000. GALLATIN, Tenn., July 18.-The discovery of an alleged shortage of $39,000 in the accounts of the Peoples' National Bank on Thursday, led to a temporary suspension of the business. The shortage was discovered by the Assistant Cashier, W. Y. Allen, during the illness of the Cashier, William Green Harris. An examination of the accounts of the bank is now being made, by United States Bank Examiner M. E. Patterson. A meeting of the directors will be held tomorrow, and it is possible that the bank will be reorganized and its business continued. Mr. Harris is confined to his bed at the home of his father-in-law, Judge Wm. Hall, cashier of the First National Bank, as the result of a sunstroke suffered two weeks ago, and could not be seen. A statement made for him by his father-is-law asserts that he is straight with the bank, and that but for his illness there would have been no cause for an examination. A part of the alleged shortage, $29,000, was made by unaccounted-for discount paper, it is understood; $7,000 in the ordinary accounts and $3,000 in unidentified entries. The discounts may not represent a loss to the bank, but will fall upon the present holders, and that the actual loss to the stockholders will not exceed $10,000. The bank is capitalized at $50,000, has a surplus of $14,500, and otherwise was in splendid condition. It is stated that a suspension of business was unnecessary, and was in fact the result of a panic on the part of the directors. The officers of the bank are very reticent, and nothing at all could be gotten from them. A notice pinned upon the door states that the bank has been temporarily closed, but beyond that nothing of an official nature would be stated.

14. August 8, 1907 The Washington Herald Washington, DC

Article from The Washington Herald, August 8, 1907

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NEW BANK APPROVED. Comptroller of Currency Issues Statement Covering Institutions. The Comptroller of the Currency yesterday approved the application to organize the First National Bank of Soda Springs, Idaho. Capital, $25,000. D. J. Lau, M. I. Meeker, L. S. Marriott, J. E. Fox, H. T. Darrien, and others. Correspondent, U. G. Palmer, Hutton, Md. The First National Bank of Lockport, III. Capital, $25,000. E. J. Murphy, care of Illinois State Penitentlary, Joliet, Ill.; William D. Heise, William A. Murphy, Leon McDonald, and Philip Yost. The Power National Bank, of Archer City, Tex. Capital, $30,000. F. M. Power, Archer City, Tex.: W. E. Forgy, H. A. Power, F. M. Power, jr., and Jacob Martini. A certificate was issued authorizing the following national bank to begin business: the First National Bank of Aspinwall, Pa. Capital, $25,000. L. A. Burnett, president; John J. Frey, vice president; J. L. Shakely, cashier. Chartered August 6. The Second National Bank of Jersey City, N. J., was placed in voluntary liquidation August 1, 1907. The People's National Bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver July 18, 1907, having complied with the conditions imposed by the Comptroller of the Currency precedent to resumption, and Its capital stock being now unimpaired, has been permitted to open its doors for business as an active national banking association.

15. August 8, 1907 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, August 8, 1907

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Galatin Bank Reopens. Washington, August --The comptroller of the currency announced today that the People's National bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, has been permitted to open its doors for business. The bank's capital stock is now unImpaired, according to the announcement.

16. August 8, 1907 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, August 8, 1907

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Gallatin Bank Opens. Washington, Aug. 7-The Comptroller of the Currency announced today that the People's National Bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, has been permitted to open its doors for business The bank's capital stock is not unimpaired according to the announcement.

17. August 9, 1907 The Washington Herald Washington, DC

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NEW BANK APPROVED. Comptroller of Currency Issues Statement Covering Institution. The Comptroller of the Currency yesterday approved the application to organize the Carnegie National Bank, of Braddock, Pa. Capital, $100,000. P. J. Brennan, A. Kazincy, C. E. Wade, P. Hasson, and F. H. McKinnie, directors. Correspondent, Cosmopolitan National Bank, Pittsburg, Pa. Approved August 7. Certificates were issued authorizing the following national banks to begin business: The Groves National Bank, of Hollis, Okla.: capital, $25,000; William B. Groves, president; L. H. Bellah, vice president; J. D. Pennington, cashier. The National Bank, of Toronto, Ohio; capital, $30,000; L. H. Hilsinger, president; Guy Johnston, vice president; J. C. Hilsinger, cashier. The Central National Bank, of Los Angeles, Cal.; capital, $200,000; William Mead, president; Perry W. Weldner, vice president; Walter C. Durgin, cashier; James B. Gist, assistant cashier. The corporate existence of the following national banks was ordered extended: The Abilene National Bank, Abiléne, Kans.; the Tazewell County National Bank, of Delavan, Ill. The People's National Bank, of Gallatin, Tenn., placed in charge of a receiver on July 18, 1907, resumed business August 7, 1907.

18. August 9, 1907 Watertown Weekly Leader Watertown, WI

Article from Watertown Weekly Leader, August 9, 1907

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Tennessee Bank Resumes Business. Washington, Aug. 8.-The comptroller of the currency announced Wednesday that the People's National bank, of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, has been permitted to reopen its doors for business. The bank's capital stock is now unimpaired, according to the announcement.

19. August 9, 1907 The Columbia Herald Columbia, TN

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GALLATIN BANK TO RE-OPEN SHORTAGE AT PEOPLE'S NATIONAL $25,000, WHICH STOCKHOLDERS MAKE GOOD. GALLATIN, Tenn., Aug. 2.-An enthusiastic meeting of the stockholders of the People's National Bank was held at the Court House this morning, at which $47,000 of the $50,000 capital stock was represented. The receiver's report was read, which showed that the total amount to be made good by the stockholders is $25,000. The stockholders assessed themselves each 50 per cent. of the amount and subscribed $15,000, which was collected at once. The balance of the amount is assured. The stockholders voted their unaniS mous thanks to the bank officials, W. Y. Allen, W. H. Hitchcock and Arthur V Earle. They also expressed their thanks to Bank Examiner M. E. Patg terson, Silas Cooper and others for their assistance in unraveling the affairs of the bank. ] All the old stockholders will remain as such, not one of them withdrawing their names. All the former officers were retained save the Cashier. W. Y. Allen was elected Cashier, and W. H. Hitchcock th Assistant Cashier and bookkeeper. B It is the intention to open the bank R next Monday, and there is now only in $10,000 to collect before doing this.

20. August 15, 1907 The Kemper Herald Scooba, MS

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Gallatin Bank to Reopen. The Comptroller of the Currency announces that the Peoples' National Bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, has been permitted to open its doors for business. The bank's capital stock is now unimpaired, according to the announcement.

21. August 15, 1907 Audubon Republican Audubon, IA

Article from Audubon Republican, August 15, 1907

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adjourned, voted money for a monument to Jefferson Davis. A safe in the post office at Stillman Valley, III., was blown open and $400 was taken. Mounted on a white palfrey and decorously clothed in masses of hair, pink fleshings, and clouds of gauze, a modern Lady Godiva gave a representation of the historic ride through the streets of Coventry, England. Arthur L. Fitch, superintendent of construction for the Sheffield Land company of Lorain. O., was found dead in his stable with a bullet wound in his head. Miss May Bushnell, of Winchester, Va., was killed when her automobile struck a log placed in the road by miscreants. United States District Attorney Sims and his assistant were said to be gathering evidence in Indiana for further prosecution of the Standard Oil company and the railroads. George Wallace Delamater, once candidate for governor of Pennsylvania, and who served as state senator from Crawford county from 1887 to 1890, committed suicide by shooting in his office in Pittsburg. In a series of 14 runs over a measured mile course outside of the harbor of Rockland, Me., the first-class battleship Connecticut, the first battleship of the class built by the government, made a showing which was highly satisfactory to Rear Admiral Robley D. Evans and the trial board. The average speed of the best five runs was Insts. 18.73 Four anarchists were seriously wounded in Lisbon by an accidental explosion in a bomb factory operated by an anarchistic group. Former Policeman Ben Curruth was arrested in Helena, Ark., charged with the assassination of J. M. Scott, city editor of the Helena World. The comptroller of the currency an nounced that the People's National bank, of Gallatin, Tenn., which was declared insolvent and placed in the has '81 Amp uo receiver e JO spury been permitted to reopen its doors for business. The Chicago directory for 1907 estimates the population of the city at 2,367,000. In joint session the Alabama legis lature elected former Gov. Joseph F Johnston to the upper house of the national congress for a term ending March 4, 1915, to succeed the late Senator Pettus. Twenty creameries in the northwest have gone out of Jusiness as the result of special rates granted their competitors by railroads, it was testified before the Nebraska railway commission. A proposed franchise for the Council Bluffs (Ia.) Waterworks company for a term of 25 years was defeated at a special election by a vote of 3,103 682 01 Three-fourths of the Golden Cycle Mining company's million dollar reduction plant, in the foot hills south of Colorado City: Col., was destroyed by fire. Loss estimated at $750,000. Insurance, $300,000. Casablanca, on the Moroccan coast, has been bombarded by French cruisers, the Moors are reported to have been shot down in large numbers and the town is practically in the possession of landing parties from French and Spanish cruisers. The first shots were fired by the Moors. The Frenchmen responded with a bayonet charge and the bombardment of the native quarter with melinite shells. The Frenchmen had six men wounded, but no one killed. Cyclones struck Clear Lake, Lake Mills and Hanlontown, Ia., causing one death and great damage. Winona, Minn.; Springfield, III., and other places suffered severely from furious wind and rainstorms. John T. Hanrahan, of New York, was in Appleton, Wis., looking over the paper mills, with the object of forming a combins of all the mills in the state that will not be declared a trust. Eleven persons, including Prince Alexander Begotoff of Russia, were killed in a railway wreck in Germany. William P. Taggart, formerly of Reading, Pa., was arrested in Philadelphia, charged with obtaining $1,500 though misrepresentation in the promotion of a coal manufacturing company. More than 300 veterans of the Fifteenth Pennsylvania cavalry, Gen. W. M. J. Palmer's regiment in the civil war, will arrive in Colorado Springs on the evening of August 20 as the guests of Gen. Palmer, who will pay all their expenses. Rev. S. E. Smith, noted colored preacher of the south, died suddenly in Lexington, Ky., from worry caused

22. August 15, 1907 The Brandon News Brandon, MS

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23. August 16, 1907 Greene County Herald Leakesville, MS

Article from Greene County Herald, August 16, 1907

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Gallatin Bank to Reopen. The Comptroller of the Currency announces that the Peoples'. National Bank of Gallatin, Tenn., which was declared insolvent and placed in the hands of a receiver on July 18, has been permitted to open its doors for business. The bank's capital stock is now unimpaired, aecording to the announcement.