6925c511Full suspension
Other: Receiver G. R. Ellis appointed; winding up and sale of fixtures; assets being distributed.
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A Georgia Bank Closed. MACON, Ga., March 20.-The People's Bank, of Americus, Ga., closed its doors to-day as a result of a quiet run for a week. The capital of the bank was $50,000 and the amount due creditors is said to be $30,000. President Simmons claims that the assets will offset the liabilities. The assignee is G. R. Ellis, of Americus.
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THE PITH AND POINT OF WHAT IS SAID By People of Americus in Various Walks. TALKED WHILE THEY TRADED. A Roundup Of The News and Gossip of a Day Here in Americus - A Bunch of Little Tales Whacked off Quite Short. Hudson's drugstore is prepared to serve the finest drinks as usual. Our new fountain has been ordered and will arrive shortly. Mr. Hugh M. Brown (that's Pete) is coming over from Birmingham today. His visit here is sure to be a most delightful one. The morning train from Macon, due here at 6 o'clock, was delayed several hours yesterday owing to'a small wash out near Byron. With the sunshine yesterday came a crowd of people, from the country, and business during the afternoon was very good indeed. Mr. Verlin Kervin is completing a handsome two story residence on Fur low street, which will be ready for occupancy very soon. The restoration of "shoofly" trains on the Seaboard would mean thousands of dollars monthly to the commercial interests of Americus. Subscriptions to the proposed Presbyterian College are adding up nicely. Americus can secure that college through proper effort, The weather forecast for today is fair and warm. It will be an ideal Easter Day, and the Bonnet Brigade will be early on parade. The candidate was in his element : yesterday, and the voter from Wayback was harpooned the moment he entered the city's gales. The lakelet in city hall park was drained yesterday, and a peck of little perch that had been devouring the goldfish were destroyed. March promises to quit buisiness in a whirl of breezes. There is much blustering weather just now, but April sunshine 18 almost upon us. t A candidate doing the hot foot yesterday claims to have kissed eightyone babies during the day, thus securing the family "influence." Local cotton men predict a jump in the markes tomorrow, following the Easter holidays and as the result oi re cent floods in the southwest. The petition for receiver in the case of the People's Bank will be heard by Judge Littlejohn next Friday. The proceedings will be of interest. Now let the county commtttee get together and order the primary. The candidates are running hard and are anxious to see the finish ahead. The head of the average Eik will probably not feel just a bit heavy this morning. The antlers of these noble animals are of unusual weight. An Americas candidate, while running yesterday, got across the borders of both Schley and Webster counties ere the mistake was discovered.
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GEORGIA AND FLORIDA ADJUSTING BANK'S AFFAIRS. Americus Times-Recorder: The winding up and adjustment of the affairs of the People's Bank has been proceeding slowly since the suspension of the bank several months ago, and there is a probability that the end is near at hand. What amount depositors and creditors will get remains to be seen. There is a considerable amount of cash on hand, and much of the outstanding indebtedness due the bank will probably be collected in full or in part very soon. Auditor R. L. Maynard heard yesterday the argument of attorneys representing various creditors upon the question of the priority and preferment of certain claims. He will pass upon same at a later date. Among these claims was that of County Treasurer J. E. Sullivan, who had some $6,000 on deposit when the bank suspended.
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BANK CREDITORS' PROSPECTS. They May Receive More Than Expected From Defanct Bank. Americus, Ga., Sept. 28.-The creditors of the People's Bank, which suspended here several months ago, will probably get more in the distribution of assets than expected at one time. Auditor R. L. Maynard will file his report with the court at an early date, and the funds in the hands of Receiver G. R. Ellis may be distributed soon thereafter. It is hoped that there will be sufficient funds available to pay 33 per cent. A movement is to be started here by the Ladies' Aid Society for the establishment of a home for infirm, sick and indigent women, and it will doubtless meet with success. Americus' cotton receipts continue to pile up handsomely. Already 12,200 bales have been received by wagon alone, at the warehouses, exclusive of railway shipments to the presses here. Receipts to date are just 7,500 bales in excess of receipts on Sept. 27th last year, but this fact is due to the early movement of the crop, and not to a better crop or increased acreage, as one might suppose. The rapid sale of cotton and increased business in every line combine to give Americus merchants the finest fall trade they have had in years. Everyone is doing plenty of business and the cry of hard times is never heard. The Americus Elks are busy in preparation for their carnival, beginning Nov. 3, and lasting one week. Many fine features have been secured already, and the fair promises to be one of the successes of the season in Georgia. All of the attractions now exhibiting in Atlanta will probably be brought here, except the dancing girls. A great crowd will come to see the show. The Georgia State Baptist Convention assembled in Americus the last week in November, this being the first annual session held here in twenty years. Between 300 and 500 ministers and delegates are expected to attend.
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BANK FIXTURES ARE REMOVED. People's Bank Vault and Fixtures Sold Yesterday. Under direction of Mr. J, L. Montgomery a force of carpenters began yesterday the work of dismantling the old Peoples Bank, in the Hotel Windsor, removing the ponderous yault. railing, desks and all other fixtures. These have be sold to a banking house at Arcadia, Fla. the sale having been effected through the kindly agency of Mr. W. H. Simmons, formerly of Americus but now of Arcadia. It is not known what price Receiver Ellis obtained for the bank's flxtures, but it was probably a good sum. The former bank building, now that the fixtures have been removed can be converted i nto a handsome store and will be one of the most desirable in Americus,
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BUSINESS FAILVRES. Jan. 10-Cleveland, 0., 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, 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-Boston. Central national bank. Dec. 8-Omaha, W. H. Bennett Co.'s. department store.
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BUSINESS FAILVRES. Jan. 10-Cleveland. O., Euclld Trust & Savings Co.: $1,500,000. 11-Painesville, O., People's bank: $173,000. 14-Chicago, Geo. H. Phillips, "corn king," falls 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 Pres!dent 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 âĴo.; $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. 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 blcycle trust. 80-Trenton, N. J., National Salt Co. ("salt trust"); $300,000.
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# THE DECISION WAS REVERSED. Supreme Court of the State Holds Claim Is Good. A case from the city court of Ameri- eus which was carried to the supreme court by the receiver of the defunct People's Bank, in which a claim pur- chased by one of the debtors to said bank was offered as a set-off, has just been reversed, the court holding that it was a just claim. The case was that of Nix vs. receiver, and the opinion was handed in by Judge Lumpkin.