Article Text
Bank Suspends. Albany, Ga., Jan. 17.-The Com mercial bank did not open today. It suspended payment pending action of the state authorities on its application for a receiver. Its assets are said to be $191,000; liabilities, $123,000,
2631. Commercial Bank (Albany, GA)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- January 1, 1902*
- Location
- Albany, Georgia (31.579, -84.156)
Metadata
- Model
- gpt-5-mini
- Short Digest
1714469b
Response Measures
Full suspension
Other: Depositors were paid in full later; stockholders sued directors; receiver Morris Weslosky appointed.
Description
The Commercial Bank of Albany (GA) experienced a quiet run for about a month, could not meet clearing-house checks, suspended payment Jan 17, 1902, applied for/ had a temporary receiver appointed (Morris Weslosky). Depositors were reported likely to be paid in full; stockholders lost value. Thus a run led to suspension and receivership (permanent closure).
Events (3)
1.
January 1, 1902*
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- A quiet run (month-long withdrawals/nervousness) causing deposits to fall sharply and inability to meet clearing-house checks.
- Measures
- Directors attempted arrangements; ultimately decided to suspend payment and apply for a temporary receiver.
- Newspaper Excerpt
- The suspension of the Commercial Bank was the result of a quiet run which had been in progress for nearly a month past, during which time the deposits had fallen...
- Source
- newspapers
2.
January 17, 1902
Receivership
- Newspaper Excerpt
- On application of the Board of Directors, Judge W. N. Spence has appointed Morris Weslosky temporary receiver of the institution.
- Source
- newspapers
3.
January 17, 1902
Suspension
- Cause
- Rumor Or Misinformation
- Cause Details
- Bank suspended payment after being unable to meet checks in the clearing house following the month-long run; directors filed for a temporary receiver.
- Newspaper Excerpt
- The Commercial Bank of Albany did not open for business this morning and a posted notice stated that the bank had suspended payment pending the action of the state authorities.
- Source
- newspapers
Newspaper Articles (22)
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Receiver Asked for a Bank. Albany, Ga., Jan. 17.-Application for a temporary receiver has been filed by the directors of the Commercial Bank of Albany. The bank did not open for business today. Liabilities were estimated at $123,000; assets, $191,000.
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Want Receiver. Albany, Ga., Jan. 17.-An application for a temporary receiver has been filed by the directors of the Commercial bank of Albany, The bank did not open for business today, and a posted notice stated that the bank had suspended payment pending the action of the state authorities. The liabilities of the bank are estimated at $123,000. with assets of $191,000 on the bills receivable and real estate.
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TWO BANKS CLOSED. Commercial Bank, of Albany, Ga., and Commercial Bank, of Fulton, Mo. ALBANY, Ga., Jan. 17.-An application for a temporary receiver has been filed by the directors of the Commercial Bank of Albany. The bank did not open for business this morning and, a posted notice stated that the bank had suspended payment pending the action of the state authorities. The liabilities of the bank are estimated at $123,000 with assets of $191,000 in bills receivable and real estate. FULTON, Mo., Jan. .-The Commercial Bank of Fulton was closed this morning by George B. Carstarphen, chief of the State Baking Department. Philip S. Adams, cashier of the bank, left Fulton Monday afternoon, ostensibly for St. Louis, with $4,500 in gold and currency to His be deposited in the Franklin Bank. whereabouts are unknown. The bank was organized two years ago with $20,000 capital, and in November, 1901, had deposits of $32,800. It is believed depositors will be paid in full.
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SUSPENDS PAYMENT. Receiver Appointed For Commercial Bank of Albany. Albany, Ga., Jan. 17.-An application for a temporary receiver has been filed by the directors of the Commercial bank of Albany. The bank did not open for business this morning and a posted notice stated that the bank had suspended payment pending the action of the state authorities, The liabilities of the bank are estimated at $123,000, with assets of 100,000 in bills receivable and real estate.
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Bank Failure at Albany. Albany, Ga., Jan. 17.-An application for temporary receiver has been filed by the directors of the Commercial Bank of Albany. The bank did not open for business this morning and posted a notice stating that the bank had suspended payment, pending action of the state authorities. The liabilities are estimated at $123,000, with assets of $191,000 in bills receivable and real estate.
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MAN AND / COIN MISSING MISSOURI BANK IN HANDS OF STATE OFFICIALS. FULTON, Mo., Jan. 17.-The Commercial Bank of Fulton was closed this morning by George D. Carstephen, chief of the state banking department. Philip S. Adams, cashier of the bank, left Fulton Monday, ostensibly for St. Louis, with $1,500 in gold and currency to be deposited in the Franklin bank. His whereabouts is unknown. On the disappearance of Adams the president of the bank called in the state bank chief. The bank was organized two years ago with $20,000 capital, and in November, 1901, had deposits of $32,800. It is believed depositors will be paid in full. Stockholders are expected to lose perhaps 50 per cent of their investment. ALBANY, Ga., Jan. 17.-An application for a temporary receiver has been filed by the directors of the Commercial Bank of Albany. The bank did not open for business this morning and a posted notice stated that the bank had suspended pay. ment pending the action of the state authorities. The liabilities of the bank are estimated at $123,000, with assets of $191,000 in bills receivable and real estate.
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SOUTHERN BANK FAILURES. Institution in Georgia and One in Missouri Suspend. NEW YORK, Jan. 18.-Word was received in Wall Street today regarding the closing of two Southern banks. An application has been filed by creditors of the Commercial Bank, of Albany, Ga., for a temporary receiver. The Commercial Bank of Fulton. Mo., has been closed by the chief of the State banking department of Missouri. The National Park Bank and the Mercantile National Bank are the local corporations of the Georgia bank. The Chase National Bank is the correspondent in this city of the Commercial Bank of Fulton.
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ALBANY BANK SUSPENDS. The Commercial Unable to Meet Its Checks-Assets Far in Excess 01 Liabilities. Albany, Ga., Jan. 17.-The Commercial Bank of Albany failed to open its doors at the usual hour this morning, and the following notice appeared posted at the door, where it had been placed during the night: "The bank has suspended payment, pending action by the proper authorities. T. M. Carter, president. S. G. Turner, cashier." The suspension of the Commercial Bank was the result of a quiet run which had been in progress for nearly a month past, during which time the deposits had fallen from nearly a hundred thousand to about fifty-eight thousand dollars. Yesterday in the clearing house the balance was heavily against the Commercial in favor of the other banks of the city, and it had to acknowledge inability to meet its checks. The directors were in session all during the afternoon and up to a late hour last night, and it was hoped that arrangements could be made whereby the bank could carry on its business as usual, but it was finally decided that to suspend payment would be the wisest course. To your correspondent an official of the bank gave the following statement to-day: The assets consist of bills receivable to the value of $170,722.75, and real estate worth $21,000. a total of $191,722.75. Liabilities due depositors, $58,117.16 (of which $33,000 was held subject to check), and bills payable outstanding amounting to $65,000, a total of $123,117.10. From these figures it is seen that the assets are $68,505.65 in excess the liabilities. During the last thirty days the bank has redeemed $38,000 of its bills payable. It is believed that the depositors will be paid in full. On application of the Board of Directors. Judge W. N. Spence has appointed Morris Weslosky temporary receiver of the institution. The Commercial Bank has a capital of $79,000, and was organized in 1888. T. M. Carter is president. S. G. Turner cashier, and N. R. Dehon, assistant cashier.
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for Arkansas authorities, left Boston. Friday. He is wanted for the alleged larceny of $1200 from a hotel propretor in Hot Springs. As practically the closing act of his administration Gov. Shaw of Iowa, made public the names of 473 prisoners to whom he had extended Executive elemency within the last two years. The governor's record in this respect, it is stated, has never been equalled in Iowa. The Czar has decorated Franklin Gaylord with the Order of St. Anne of the third class. Gaylord, who is an American, is secretary of the Russian Society for the Moral and Physical Development of Young Men, organized by himself and James Stokes of New York, at St. Petersburg. The cross-examination of James Howard on trial at Frankfort, Ky., for alleged complicity in the Goebel assassination was continued, Friday. So has failed to make Howard contradict himself. Twenty witnesses for the defence from Clair county who failed to answer when called, Thursday, were arrested, Friday. John F. Ward, for 40 years a noted civil and mechanical engineer, is dead at his home in New York city, of septic pneumonia. He was employed in his profession in all parts of the United States and was the consulting engineer of the Providence water works. He was also an inventor as well as a practical engineer. James McLean of New York, who was arrested at Boston, Thursday eight, charged with shooting John McPherson of Olean, N. Y., during a quarrel about a woman, was arraigned, Friday, before Judge Dewey in the muinicipal court, charged with an assault with intent to kill. His case was continued until Jan. 23 on $1000 bail. An application for a temporary receiver has been filed by the directors of the Commercial Bank of Albany, Ga. The bank did not open for business, Friday, and posted a notice stating that the bank has suspended payment pending the action of the state authorities. The liabilities of the bank are estimated a $123,000, with assets of $191,000 in bills receivable and real estate. Although somewhat in doubt as to whether the prisoner should be held on the charge of manslaughter or murder, Judge Lyman at Greenfield, Mass., Friday, finally decided to hold Edward F. Smith, the Charlemont negro charged with causing the death of Henry L. Warner, Dec. 28, on the former charge. Bail was fixed at $500 and in default, Smith was remanded to the county jail. The jury which retired at Newport, N. H., Thursday, to consider the evidence in the case again Geo. H. Briggs, charged with the murder of Mrs. Chauncey Jones, did not return when court opened, Friday morning. The court room was crowded with spectators and much wonder was expressed at the delay. Many reasons are ad. vanced, the possibility of a disagreement becoming stronger as the hours increase. Henry Paul Ilgen of New York city, was arrested, at Chicago, Friday, on a cahrge of embezzlement. Ilgen, it is alleged, was for 10 years cashier for James J. O'Donoghue Sons of New York. It is alleged that when he left
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APPLICATION FOR RECEIVER The Commercial Bank of Albany, Georgia, Suspends Payment (By the Associated Press.) Albany, Ga., Jan. 17.-An application for a temporary receiver has been filed by the directors of the Commercial edBank of Albany. The bank did not open for business today and a posted notice stated that the bank had suspended payment pending the action of the State authorities. The liabilities of the bank are estimated at $123,000 with assets of $191,000 in bills receivable and real estate.
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ALBANY BANK SUSPENDS AFTER RUN OF A. MONTH ALBANY, Ga., Jan. 17.-The Commercial bank of Albany did not open for business this morning and a notice posted on the door stated the bank had suspended payment pending action by proper authorities. A quiet run had been going on for one month past and the bank was yesterday unable to meet its checks in the clearing house. The bank's capital was $79,000, reduced from $100,000, and notice had been given that it would be converted into a national bank. The liabilities are bills payable, $65,000; deposits, $58,117.10. Assets are estimated at $170,000 in bills receivable and $21,000 in real estate. It seems certain that depositors will be fully paid. The directors have applied to Judge Spence to have Morris Weslosky appointed temporary receiver pending action of the state authorities. The bank was organized in 1888. The bank's officers are: T. M. Carter, president: S. G. Turner. cashier, and T. M. Carter, R. E. Carter, M. Weslosky, John Mock, H. N. Parker, W. W. Pace, T. N. Woolfolk, S. G. Turner, directors. While the failure of the Commercial bank has created considerable excitement here, there is a general feeling that the depositors will be paid dollar for dollar. The honesty and integrity of the officers of the bank are not questioned, and this has done a great deal to lease the situation.
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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euelid Trust & Savings Co.: $1 1,500,000. II-Painesville, O. People's bank: $173,000 Chirago, Geo. H. Phillips, "corn king, falls for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000 2-Bellwood. Neb., Platte Valley state bank Feb. 10-Detroit, Mich. City savings bank. on account of shortage of Vice President Frank c. Andrews Il-Belment (0) national bank Burnett Tex., private bank of W. R. Westfall & Co. Mar. 1-Elkhart, III., State bank. II-Wanatah Ind., Julhia Center banker. Americus, Ga., People's bank: $30,000. Apr 4-BL Paul, U. S. Saving & Loan Co.: $800,000. N-Algonaç (Mich.) Banking Co.'s bank; $32,000 Jun. 3-Chicago, John A. & Alexander Davideen. marble contractors $1,891,888. II-Charlesten (S. C.) Exposition Co., placed in receivers' hands: $450,000. as Murdeck, Neb., German state bank: $37,000 Jul. -New York city, M. P. Anderson, real estate operator; $1,580,242 20-Brooklyn. N. X4 Malcolm Brewing Co.: $800.000. Allg 16-Elgin, IIL. Obadlah Bands Butfor corporation, $445,000. 20-Clayeland, O., Forward Reduction Co., beening Texas all: $500.000. 24 Kloora (Ind) bank $10.000. step -New York American bioycle trust. -Treaton. N. In National Balt Ca sell $800,000.
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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for secona time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (0.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett; $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boyton. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn. N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto. Ia., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house: $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston, Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclid Trust & Savings Co.: $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz. banker. 20-Americus. Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.: $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2--New York, American bicycle trust. 30-Trenton, N. J., National Salt Co. ("salt trust"): $300,000. Oct. 7-Oto, Ia., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILURES. Jan. 10- Cleveland O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Ch cago, Geo. H. Phill ps, corn king," fails 1or second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich Cit sav ags bank, on account of shortage of Vice Presidest Frank C. Andrews 25.-Belmont (0.) national bank. 26-Rurnett, Tex., private bank of W. H. Westfall & Co. Mar. 3- Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $ 00,000. 24-Algonac (Mich.) Banking Co."s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marbie contractors; $1,391,538 13-Charleston (S. C.) Exposition Co., placed in receivers' hands, $450,000. 30-Murdock, Neh, German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator, $1,535,212 29-Brooklyn, N. Y,, Malco n Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland On Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-No York, American blcycle trust. Oct. 7-Oto, Ia., bank of F H Cutting & J. T. Willett: $20,000. 16-New York, Giliman. Sen & Co's banking house; $200,000. Nov. 5-Richmond Va Leon L. Strause leaf tobacco; $300,500 13-Bosten Central national bank Dec. 8-Omaha, W. 11 Bennett Co's. department store
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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 2S-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.: $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32.000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadlah Sands Butter corporation. $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York. American bicycle trust. Oct. 7-Oto. 1a., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's bank. ing house: $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco: $300,500. 13-Boston Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILVRES. Jan. 10-Cleveland, O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, 0., People's bank; $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank; $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank, on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (0.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, III., State bank. 15-Wanatah, Ind., Julius Conitz, banker. 20-Americus, Ga., People's bank; $30.000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $800,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 30-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate. operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, III., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank; $10,000. Sep. 2-New York, American bicycle trust. Oct. 7-Oto, la., bank of F. H. Cutting & J. T. Willett: $20,000. 16-New York, Gillman, Son & Co's banking house; $200,000. Nov. 5-Richmond, Va., Leon L. Strause, leaf tobacco; $300,500. 13-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclid Trust & Savings Co.; $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," fails for second time in 7 months. 17-Albany, Ga., Commercial bank: $123,000. 28-Bellwood, Neb., Platte Valley state bank. Feb. 10-Detroit, Mich., City savings bank. on account of shortage of Vice President Frank C. Andrews. 25.-Belmont (O.) national bank. 26-Burnett, Tex., private bank of W. H. Westfall & Co. Mar. 3-Elkhart, Ill., State bank. 15-Wanatah, Ind., Julius Conitz. banker. 20-Americus. Ga., People's bank: $30,000. Apr. 4-St. Paul, U. S. Saving & Loan Co.; $500,000. 24-Algonac (Mich.) Banking Co.'s bank; $32,000. Jun. 3-Chicago, John A. & Alexander Davidson, marble contractors; $1,391,838. 13-Charleston (S. C.) Exposition Co., placed in receivers' hands; $450,000. 80-Murdock, Neb., German state bank; $37,000. Jul. 3-New York city, M. P. Anderson, real estate operator; $1,535,212. 29-Brooklyn, N. Y., Malcolm Brewing Co.; $800,000. Aug. 16-Elgin, Ill., Obadiah Sands Butter corporation, $445,000. 20-Cleveland, O., Forward Reduction Co., booming Texas oil; $500,000. 24-Elnora (Ind.) bank: $10,000. Sep. 2-New York, American bicycle trust. 80-Trenton, N. J., National Salt Co. ("salt trust"); $300,000.
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# Sheriff's Sales for November. Will be sold before the Court House door in the city of Marietta, Cobb county, Ga., on the first Tuesday in November, 1904, during the legal hours of sale, the following property to-wit: Also at the same time and place, One Hundred and Ninety-five shares of the capital stock of the Corporation known as the Belmont Farm, said shares of capital stock belonging to Mrs. M. M. Wight, as her property. Levied on as the property of Mrs. M. M. Wight by virtue of and to satisfy a fifa issued from Dougherty Superior Court in favor of M. Weslosky, Receiver of the Commercial Bank, of Albany, Ga, vs Mrs. M. M. Wight. Notice given to Mrs. M. M. Wight, defendant, and to Ed L Wight, President of Belmont Farm. Also at same time and place, Land lot No. 38 in the 17th district and 2d section of Cobb county, Ga. Levied on as the property of A. Y. Moss to satisfy a cost fi fa for use of officers of court, issued from Cobb Superior Court in favor of W. J. Nothern, Governor of the State of Georgia, vs Andrew Hayes and A. Y. Moss. Notice given in terms of the law. Also at the same time and place, Two shares of the capital stock of the Corporation known as the Belmont Farm, said shares of capital stock belonging to Ed L. Wight, as his property. Levied on as the property of Ed L. Wight, by virtue of and to satisfy a fifa issued from Dougherty Superior Court in favor of M. Weslosky, Receiver of Commercial Bank of Albany, Ga., vs. Ed L. Wight. Notice given Ed L. Wight, President of Belmont Farm, and Ed L. Wight, defendant in fifa. W. J. FREY, Sheriff.
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# COL. HAWKINS IS MADE MASTER In Hearing of Suspended Albany Bank Case. Col. E. A. Hawkins of Americus has been selected as special master to hear the proceedings in an important bank case, that of the defunct Commercial Bank of Albany, the supreme court having handed down a decision in the case of the minority stockholders against the directors. This decisior, it seems, sustaine the lower court and allows the proceedings to continue on the merits of the case. The minority stockholders entered suit against the officers and directors of the bank for value of their stock. The depositors were paid in ful, but stockholders received nothing, and the directors were charged with mismanagement as result of which the capital and surplus of the bank was lost. Exceptions were made by the defense when the case came up before Judge Spence, irregularities in the manner of the proceedings being alleged. These were overruled, and the case went to the Supreme Court. As the result of the decision just rendered the case will now go before Col. E. A. Hawkins, master, for a hearing on its merits. The capital stock of the bank had been $100,000, but was reduced to $65,000 prior to the failure. The officers and directors of the bank are among the prominent business men of Albany and wide interest attaches to the case.