3be0ffaaFull suspension
Other: Assignee G. R. Ellis appointed; petition for permanent receiver filed and temporary receiver appointed.
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Georgin Bank Closed. MACON. Ga., March 21.-The People's bank of Americus, Ga., W. H. Simmons, president, has closed its doors 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. The county had $6,000 on deposit. President Simmons claims that the assets will offset the liabilities. The assignee is G. R. Ellis of Americus.
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THE AMERICUS BANK FAILURE. Assets May Be Sufficient to Meet Liabilities. Americus, Ga., March 21.-The excitement relative to the suspension of the People's Bank of Americus has subsided and confidence prevails as to payment of indebtedness as far as possible. Assignee Ellis is preparing a full statement of the assets and liabilities for submission to a meeting of the depositors as quickly as possible. If permitted to administer the affairs of the bank fully and carefully there need be little loss as the assets are considered well nigh sufficient for liquidation of the indebtedness.
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PETITION FOR RECEIVER. People's Bank of Americus in the Courts-Other Matters. Americus, Ga,, March 23.-A petition for receiver for the People's Bank of Americus was filed late last evening by two of the creditors, J. E. Sullivan, county treasurer, and Mrs. S. E. Matthews. This bank made an assignment last Thursday, and G. R. Ellis, as assignee, was winding up its business. Judge Littlejohn last night considered the prayer of these two petitioners and appointed Assignee Ellis temporary receiver for the bank, fixing April 4 as the date of hearing of the prayer for permanent receiver. Both petitioners desire to be considered as having prior liens upon the assets of the bank. Treasurer Sullivan alleging that his deposit of $6,400 is county money, or trust funds. Judge Littlejohn purchased yesterday a very desirable residence in Americus, the former Barlow property on Tavlor street, paying $5,000 therefor. He has resided here for a year past, leasing his home, but in this purchase becomes a permanent resident. A business deal is being negotiated which promises the investment of probably $75,000 of foreign capital in an Americus enterprise. The terms will be consummated this week. The subscription fund for the new First Methodist Church building is growing rapidly. Already the sum of $14,000 has been subscribed readily, and when $4,000 more is raised, which can be done quickly, plans will be accepted and work upon the new edifice begun. It is hoped to have the new brick church completed this summer. Americus will make an effort to secure the location of the High School to be built by the Macon Presbytery at some convenient point within the confines of this presbytery. Columbus and Cuthbert also want the school. The will of the late Dr. E. J. Eldridge, a wealthy citizen of Americus, was filed for record yesterday. The estate of Dr. Eldridge and that of his widow combined is estimated to be worth $125,000. The two sons of Dr. Eldridge are the beneficiaries named in his will. Mrs. Eldridge likewise makes a deed of gift to her niece, Mrs. J. Morgan Eldridge, of property here worth more than $60,000. Many handsome homes are being built in Americus, and the outlook generally is very promising. Business at this season of the year was never better.
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Bank Closed. Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday 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.
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Bank Closed. Macon. Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday 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. Président Simmons claims that the assets will offset the liabilities.
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Bank Closed. Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday 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.
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Bank Closed. Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday 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.
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Bank Closed, Macon, Ga., March 21.-The People's bank of Americus, Ga., closed its doors Thursday 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.