1.
April 12, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
All should examine the large and elegant stock of spring and summer dry goods just received by HOWELL, WOOD & CO., 332 Main street.
# THE BANK SUSPENSION
The liabilities of the Franklin Insurance and Banking Company are said to be $93,000. The assets in bills and real estate will probably realize nearly that amount. The failure was caused by the stringency of the money market, the institution doing business principally upon the deposits. A bill is being prepared, in the name of the trustees, and many of the creditors of the institution, asking for a receiver to take charge of the assets, for the benefit of the creditors, and for an injunction restraining those instituting and preparing suits and bills against the company.
2.
July 20, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
A meeting of the Directors of the Frank-lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted:
WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is te be issued for the other third, to be taken up when the Directors are enabled so to do; and, whereas, the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachmens, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bankruptcy and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar:
Be it therefore Resolved by the Board of Directors elected by said Creditors, That notice be given to all creditors, who have not already done so, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company.
Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be instucted to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein settled.
The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street.
J. B. MERCER, Chairman.
3.
July 23, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
A meeting of the Directors of the Frank-
lin Insurance and Banking Company, held
July 19th, 1867, the following resolution was
adopted:
WHEREAS, A portion of the creditors of the
Franklin Insurance and Banking Company
have united for the purpose of reorganizing
said company and opening said bank upon the
following basis, to-wit: Each creditor sub-
scribes two-thirds of his amount in stock to the
company, and a certificate of deposit is to be
issued for the other third, to be taken up when
the Directors are enabled so to do; and, where-
as, the beneficiaries under the Trust Deed ex-
ecuted by S. D. McClure at the suspension of
said bank have agreed to quit claim their liens
under said deed, and many of the attaching
creditors have subscribed as aforesaid and filed
orders to dismiss their attachments, and,
whereas, two or three attaching creditors have
as yet failed to come forward and co-operate
in the effort to reorganize, which, if persisted
in by them, will defeat the reorganization and
ultimately throw the whole matter into bank-
ruptcy and thereby reduce the available assets,
by reason of expenses, etc., to such an extent
that the interest of the creditors will not be
worth over 25 cents to the dollar;
Be it therefore Resolved by the Board of
Directors elected by said Creditors, That no
tice be given to all creditors, who have not
already done so, to come forward, on or before
the 1st day of August next, and enter their
names upon the stock book of the company.
Be it further Resolved, That in case any
creditor shall fail and refuse so to do within the
time aforesaid, counsel be inst ucted to proceed
at once to file a bill in bankruptcy, that the
business of the bank may be therein set'led.
The stock book will be found at the store of
Mercy & Tally, No. 194 Main street, corner of
Washington street.
J. B. MERCER, Chairman.
4.
July 24, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
T a meeting of the Directors of the FrankA lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted: WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do: and, whereas. the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which. if persisted in by them. will defeat the reorganization and ultimately throw the whole matter into bankruptey and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar: Be it therefore Resolved by the Board of Directors elected by said Creditors, That notice be given to all creditors, who have not already done FO to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company. Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be inst ucted to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein set' led. The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street. J. B. MERCER. Chairman. 130
5.
July 25, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
# A
A meeting of the Directors of the Frank-lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted:
WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do; and, whereas, the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bankruptcy and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 15 cents to the dollar:
Be it therefore Resolved by the Board of Directors elected by said Creditors, That notice be given to all creditors, who have not already done so, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company.
Be it farther Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be instructed to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein settled.
The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street.
J. B. MERCER, Chairman.
6.
July 26, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
T a meeting of the Directors of the Franklin Insurance and Banking Company, held A July 19th, 1867, the following resolution was adopted: WHEREAS, A-portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do: and, whereas. the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed. and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them. will defeat the reorganization and ultimately throw the whole matter into bankruptey and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar: Be it therefore Resolved by the Board of Directors elected by said Creditors, That no tice be given to all creditore, "who have not already done so, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company. Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be inst noted to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein set led. The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street. B. MERCER, Chairman. 130
7.
July 29, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
A meeting of the Directers of the Frank-lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted:
WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do; and, whereas, the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have greed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed erders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bankruptcy and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar:
Be it therefore Resolved by the Board of Directors elected by said Creditors, That notice be given to all creditors, who have not already done so, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company.
Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be instructed to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein settled.
The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washingtoff street.
J. B. MERCER, Chalrmap.
8.
July 30, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
T a meeting of the Directors of the FrankA lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted: WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do: and, whereas, the beneficiaries under the Trust Deed executed by 8. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bank ruptey and thereby reduce the availa ble assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar: Be it therefore Resolved by the Board of Directors elected by said Creditors, That no tice be given to all creditors, who have not already done so. to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company. Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be inst ucted to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein set led. The stock book will be found at the store Mercy & Tally, No.-194 Main street, corner of Washington street. J. B. MERCER, Chairman. 130
9.
July 31, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
NEW ADVERTISEM'TS. OR SALE LOWF 100 Casks Clear Sides. W 500 Bris Mess Pork. 350 Mks Choice Rio Coffee. 50 Tres Extra Sugar|Cured Hams. For cash or city acceptances. MARTIN WALT & CO., jy31-3t 272 Front street. ST. PAUL'S ACADEMY, Helena, Ark. THE Fourth Annual Session of St. Paul's T'academy, Helena, Arkansas, for the reception of boarders and day pupils, will commence on the First Monday in September. Prospectus giving full particulars can be had by applying to jyal Im D. J. COGAN. President. Chancery Court of Memphis. No. 1807 N. R. D.-John R. Godwin VS. Franklin Insurance and Banking Company et als. OTICE is hereby given to all parties interN ested, that the undersigned has been appointed Receiver of the Franklin Insurance and Banking Company,and Franklin Insurance Company, in the above stated cause, in said Court. Debtors of said Companies are notified to call at room No. 4 Bethell Building, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedness. J. K. P. PRITCHARD, jy30 (tues)law4w Receiver,
10.
August 1, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R. D.-John R. Godwin vs. Franklin Insurance and Banking Company et als, N TOTIC- is hereby given to all parties interested. that the undersigned has been appointed Receiver of the Franklin Insurance and Banking Company,and Franklin Insurance Coro pany, in the above stated cause, lu said Court. Destors of said Companies are notified to call at room No. 4 Bethell Building, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedness. J.K. P. PRITCHA jy80 (triss)Iaw4w to Receiver.
11.
August 2, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
A meeting of the Directors of the Frank-lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted:
WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis, to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third, to be taken up when the Directors are enabled so to do: and, whereas, the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments, and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bankruptcy and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 25 cents to the dollar:
Be it therefore Resolved by the Board of Directors elected by said Creditors, That notice be given to all creditors, who have not already done so, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company.
Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid, counsel be inst acted to proceed at once to file a bill in bankruptcy, that the business of the bank may be therein settled.
The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street.
J. B. MERCER, Chairman.
12.
August 3, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
A Ta meeting of the Directors of the Frank-
lin Insurance and Banking Company, held
July 19th, 1867, the following resolution was
adopted:
WHEREAS, A portion of the creditors of the
Franklin Insurance and Banking Company
have united for the purpose of reorganizing
said company and opening said bank upon the
following basis, to-wit: Each creditor sub-
scribes two-thirds of his amount in stock to the
company, and a certificate of deposit is to be
issued for the other third, to be taken up when
the Directors are enabled so to do; and, where-
as, the beneficiaries under the Trust Deed ex-
ecuted by S. D. McClure at the suspension of
said bank have agreed to quit claim their liens
under said deed, and many of the attaching
creditors have subscribed as aforesaid and filed
orders to dismiss their attachments, and,
whereas, two or three attaching creditors have
as yet failed to come forward and co-operate
in the effort to reorganize, which, if persisted
in by them, will defeat the reorganization and
ultimately throw the whole matter into bank-
ruptcy and thereby reduce the available assets,
by reason of expenses, etc., to such an extent
that the interest of the creditors will not be
worth over 25 cents to the dollar:
Be it therefore Resolved by the Board of
Directors elected by said Creditors, That no
tice be given to all creditors, who have not
already done so, to come forward, on or before
the 1st day of August next, and enter their
names upon the stock book of the company.
Be it further Resolved, That in case any
creditor shall fail and refuse so to do within the
time aforesaid, counsel be instructed to proceed
at once to file a bill in bankruptcy, that the
business of the bank may be therein set'led.
The stock book will be found at the store of
Mercy & Tally, No. 194 Main street, corner of
Washington street.
J. B. MERCER, Chairman.
13.
August 6, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R. D.-John R. Godwin vs. Franklin Insurance and Banking Company et als. OTIC is hereby givea to a 1 parties interN ested, that the undersigned has been appointed Receiver of the Franklin Insurance and Bauking Company,and Franklin Insurance Company, in the above stated cause, la said Court, Debtors of said Companies are notified to call at room No. 4 Betheil Building, corner of Court and Main streets, Memphis, Tenny and settle their indebtedness. J. K. P. PRITCHARD, Receiver. jy30 (tues)lawsw
14.
August 6, 1867
Public Ledger
Memphis, TN
Click image to open full size in new tab
Article Text
T a meeting of the Directors of the FrankA lin Insurance and Banking Company, held July 19th, 1867, the following resolution was adopted: WHEREAS, A portion of the creditors of the Franklin Insurance and Banking Company have united for the purpose of reorganizing said company and opening said bank upon the following basis. to-wit: Each creditor subscribes two-thirds of his amount in stock to the company, and a certificate of deposit is to be issued for the other third. to be taken up when the Directors are enabled so to do: and, whereas. the beneficiaries under the Trust Deed executed by S. D. McClure at the suspension of said bank have agreed to quit claim their liens under said deed, and many of the attaching creditors have subscribed as aforesaid and filed orders to dismiss their attachments and, whereas, two or three attaching creditors have as yet failed to come forward and co-operate in the effort to reorganize, which, if persisted in by them, will defeat the reorganization and ultimately throw the whole matter into bank ruptcy and thereby reduce the available assets, by reason of expenses, etc., to such an extent that the interest of the creditors will not be worth over 15 cents to the dollar: Be it therefore Resolved by the Board of Directors elected by said Creditors, That no tice be given to all creditors, who have not already done 80, to come forward, on or before the 1st day of August next, and enter their names upon the stock book of the company. Be it further Resolved, That in case any creditor shall fail and refuse so to do within the time aforesaid. counsel be inst noted to proceed at once to file a bill in bankruptcy, that the business of the back may be therein settled. The stock book will be found at the store of Mercy & Tally, No. 194 Main street, corner of Washington street, J.B. MERCER, Chairman. 130
15.
August 7, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R D.-John R. Godwin vs. Franklin Insurance and Banking Company et als, TOTIC is hereby given to al parties interN ested, that the undersigned has been appointed Receiver of the Franklin Insurance and Banking Company, and Franklin Insurance Company, in the above stated cause, in said Court. Dectors of said Companies are notified to call at room No. 4 Bethell Bauding, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedo ess. J. K. P. PRITCHARD, Receiver. jy30 (tues):aw4w
16.
August 9, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R. D.-John R. Godwin vs. Franklin Insurance and Banking Company et als, OTIC is hereby given to a 1 parties interested. that the undersigned has been apN pointed Receiver of the Franklin Insurance and Banking Company,and Franklin Insurance Company, in the above stated cause, in said Court. Debtors of said Companies are notified to call at room No. 4 Bethell Building, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedness. J. K. P. PRITCHARD, Receiver. jy80 (tues)law4w
17.
August 25, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R D-John R Godwin vs. Franklin Insoranceand Banking Company el als. TOTICS is hereby given to all parties InterN ested, that the undersigned has been appointed Receiver of the Franklin Insurance and Banking Company,and Franklin Insurance Company, in the above stated cause, in said Court. Debtors of said, Companies are notified to call at room No. 4 Betheil Buliding, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedness. J. K. P. PRITCHARD, y30 (tues) law4w Receiver.
18.
August 30, 1867
Memphis Daily Appeal
Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Click image to open full size in new tab
Article Text
Chancery Court of Memphis. No. 1807 N. R. D.-John R. Godwin vs. Franklin Insurance and Banking Company et als. T OTIC is hereby given to all parties interN ested, that the undersigned has been appointed Receiver of the Franklin Insurance and Banking Company,and Franklin Insurance Com pany, in the above stated cause, 1u said Court. Debtors of said Companies are notified to call at room No. 4 Bethell Building, corner of Court and Main streets, Memphis, Tenn., and settle their indebtedness. J. K. P. PRITCHARD, jy30 (tues) law4w Receiver.