2809. First National Bank (Cedartown, GA)

View Charter #4075 on SPMC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4075
Charter Number: 4075
Start Date: July 17, 1893
Location: Cedartown, Georgia (34.054, -85.255)

Metadata

Model: gpt-5-mini
Short Digest: b4c37f44

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1893-07-26
Date receivership terminated: 1894-11-16
OCC cause of failure: Losses
Share of assets assessed as good: 52.9%
Share of assets assessed as doubtful: 37.3%
Share of assets assessed as worthless: 9.8%

Description

Contemporary reports (July 17-18, 1893) state the First National Bank of Cedartown 'closed its doors' / suspended because it could not realize on collaterals. Comptroller appointed a receiver July 26, 1893. Later 1894 reporting shows the bank remained in receivership, was declared insolvent, the receiver ordered sale of assets, and indictments for criminal mismanagement—consistent with permanent closure. No clear run is described; articles explicitly attribute suspension to inability to realize collateral and deny rumors of shortage.

Events (6)

1. July 16, 1889 Chartered

Source: historical_nic

2. July 17, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Inability to realize on collateral securities led to suspension of payments
Newspaper Excerpt: The First National bank of Cedartown, Ga., closed today. The suspension was caused by inability to realize on collaterals.
Source: newspapers

3. July 26, 1893 Other

Newspaper Excerpt: The Comptroller of the Currency to-day appointed Mr. James R. Barber receiver of the First National Bank of Cedartown, Ga. / the controller of the currency to-day appointed James R. Barber receiver (reports July 26, 1893).
Source: newspapers

4. July 26, 1893 Receivership

Source: historical_nic

5. September 14, 1894 Other

Newspaper Excerpt: First National Bank of Cedartown ... failed more than a year ago and was placed in a receiver's hands ... special examiner reported that the bank was criminally mismanaged. (report of examiner and indictments in Sept. 1894)
Source: newspapers

6. October 8, 1894 Other

Newspaper Excerpt: A consent decree was taken ... by Receiver Lynch of the First National Bank of Cedartown, ordering the sale of the entire assets of that institution on Nov. 2, 1894 ... decree grows out of the insolvency of the bank.
Source: newspapers

Newspaper Articles (20)

1. July 18, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, July 18, 1893

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Telegraphic Brevities. The Bank of Grand Avenue and the Missouri National Bank. Kansas City, suspended payment at noon yesterday. The Comptroller of the Currency has been informed that the First National Bank of Cedartown, Ga., closed its doors yesterday. Mrs. T. H. Stevens, wife of Rear-Admiral Stevens, retired. died yesterday near Silver Spring, Md., where she had gone for the summer. The Federal Treasury Department yesterday purchased 50,000 ounces of silver at .7340a7345. The total purchases for the month are 948,000 ounces. The Emperor William has extended to Colonel Keim. chief of Chancellor von Caprivi's Special Bureau, special thanks for his efforts to secure the passage of the army bill. J. H. Hathaway, of Philadelphia, was yesterday awarded the contract at $13,995 for constructing a kitchen, laundry, wharf. etc. at the Cape Charles quarantine station. The court-martial appointed to try the surviving officers of the Victoria, sunk in collision with the Camperdown, was opened yesterday at Valetta, Malta, upon the Hibernia, the flag-ship of RearAdmiral Richard E. Tracey. A negro named Odem has been arrested at Boston, Ga., charged with burning the Savannah, Florida and Western trestle over the Aucilla river Saturday night. Several attempts to wreck trains have been made on this road within the past two weeks by placing cross-ties on the track, but none of them were successful. A special from Topeka, Kan., says: State-Bank Examiner Breddenthal says Hood & Cincard's bank, at Pleasanton, Kan., has failed, and is in the hands of Deputy-State-Bank-Commissioner Osborne. The capital stock IS $80,000. Commissioner Breddenthal has information of a number of other bank failures in Kansas, but be declines to give the names until he has taken possession.

2. July 18, 1893 The Herald Los Angeles, CA

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THE FINANCIAL TIDAL WAVE, Six Kansas Banks Go Down In the Flurry. Several More Kansas City Banks Forced to Close. Savings Institutions of Denver Begin to Collapse-A Georgia Bank Suspends-A Pacific Coast Failure. By the Associated Press. TOPEKA, Kan., July 17.-Six Kansas banks went down in the financial flurry today. They are: The bank of Ritter & Doubleday of Columbue; the Johnson City bank of Johnson City; the Bank of Wier City; the bank of Pleasanton; the Caney Valley bank of Caney, and the Bank of Meade at Meade Center. It is impossible to obtain a statement tonight. The banks have been taken possession of by the state bank commissioner. KANSAS CITY BANK FAILURES. KANSAS CITY, July 17.-The Grand Avenue bank, a private institution, suspended this morning. Assets, $290,000; liabilities, $140,000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. The comptroller of currency took pos. session of the Missouri National bank at noon. It has a paid up capital of $250,000. According to a statement to the comptroller Saturday, it had cash and sight exchange amounting to $271,000; deposits, $900,763, A later statement by the officers shows that the agsets are $1,254,000; liabilities, $700,000. Assistance was on the way from the east, but did not arrive in time, as the depositors were making heavy drafts on the bank. The officers declare the depositore will be paid in full. There was no well-defined run on any of the other national banks, although some deposits were drawn out. DENVER BANKS CLOSED. DENVER, July 17.-The People's Savings bank, the Rocky Mountain Dime and Dollar and the Colorado Savings banks did not open their doors this morning. The assets of the People's are $1,500,000; liabilities, $1,350,000. President Lawrence says the failure will in no way affect the People's National bank. The Colorado Savings bank's statement ehowe: Deposite, $486,000; with 1 aesets, $730,949 in excess of liabilities. 1 The assets of the Rocky Mountain Dime t and Dollar Savings band are $156.803; liabilities, 105,654. The officers of all three say the debte will be paid in full. It is understood that all the assignments were preconcerted for T self-protectson and the protection of the V depositors. President Lawrence of the t People's says the bank had about com1 pleted arrangements for temporary relief from eastern banks, but the doings of the silver convention here caused them to withdraw all aid and the bank o had no other recourse but to assign. f A GEORGIA BANK CLOSED, ( ATLANTA, Ga., July 17.-The First Na. tional bank of Cedartown, Ga., capital $75,000, closed today. The suepension was caused by inability to realize on 1 collaterals. The bank will resume as a state bank soon. A PACIFIC COAST FAILURE. ANACORTES, Wash., July 17.-The Bank of Anacortes failed to open its ( doors today, owing to inability to real1 ize on its securities. Liabilities, $29,i 000; assets, $78,000. Depositora will be t paid in full.

3. July 18, 1893 The Providence News Providence, RI

Article from The Providence News, July 18, 1893

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Georgia Bank Suspends. ATLANTA, Ga., July 18.-The First Na. tional Bank at Cedartown, Ga., closed its doors yesterday. The suspension was caused by inability to realize at once on collaterals

4. July 18, 1893 The Morning Call San Francisco, CA

Article from The Morning Call, July 18, 1893

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The East Refuses Denver Money. SAVINGS BANKS GO UNDER. Assistance Would Have Been Given but for the Doings of the Silver Convention. Special to THE MORNING CALL DENVER, July 17.-The People's Savings Bank, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks did not open their doors this morning. The assets of the People's Bank are $1,500,000; liabilities, $1,330,000. President Lawrence says the failure will in no way affect the People's National. The Colorado Savings Bank statement shows: Deposits, $486,000; assets, $73,064 in excess of liabilities. The assets of the Rocky Mountain Dime and Dollar Savings Bank are $156,803; liabilities. $105,654. The officers of all three say the debts will be paid in full. It is understood that all assignments were preconcerted for self-protection and the protection of depositors. President Lawrence of the Peoples' Bank says the bank had about completed arrangements for temporary relief from Eastern banks, but the doings of the silver convention here caused them to withdraw all aid and the bank had no other recourse but to assign. Stocks are stagnant. The realizations produced uneasiness. Foreign securities closed lower than Saturday. KANSAS CITY, July 17.-The Missouri National Bank suspended payment just before noon, and the Comptreller of the Currency took possession. There is no statement, It has a paid-up capital of $250,000. The statement by the officers showed assets $1,254,735. liabilities $700,000. Assistance was on the way from the East, but did not arrive in time, as the depositors were making heavy draits on the bank. The officers declare the depositors will be paid in full. The Grand-avenue Bank, a private in. stitution, suspended this morning. The assets are $200,000; liabilities, $140,000. It is expected to resume shortly. It is not doubted among bankers that it will pay dollar for dollar. There was no well-defined run on any of the other national banks. although some deposits were drawn ou: TOPEKA, Kans., July 17.-Six Kansas banks went down in the financial flurry to-day. They are: Bank of Ritter & Doubleday, of Columbus; Johnson City Bank, of Johnson City; Bank of Wier City; Bank of Pleasanton, Caney Valley Bank, of Caney, and Bank of Meade, at Meade Center. It is impossible to obtain statements of their condition to-night. The banks have all been taken possession of by the State Bank Commissioner. PHILADELPHIA, July 17.-John J. McConnell, morocco and cotton manufacturer, has assigned. The liabilities are $200,000 and the assets will exceed $100,000. NEW YORK, July 17.-The Duplex Street Railway Track Company, incorporated in West Virginia, has failed. The liabilities are $150,000. ATLANTA, Ga., July 17.-The First National Bank of Cedartown, Ga., which has a capital of $75,000, closed to-day. The suspension was caused by the inability to realize on collaterals. The bank will resume as a State bank soon.

5. July 18, 1893 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 18, 1893

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TELEGRAPHIC BREVITIES. John Cotton, a young negro, was lynched yesterday at Cornersville, Ark., for an attempted rape of a white woman. The Duplex Street Railway company of New York, incorporated in West Virginia, has failed; liabilities $150,000. The comptroller of the currency has been informed that the First National bank of Cedartown, Ga., has closed its doors. John J. McConnell, morocco and cotton manufacturer, of Philadelphia, has assigned. Liabilities $200,000, assets will exceed $100,000. The hansom in which the Prince of Wales was riding in London last evening collided with another, and the Prince got a good shaking up but was not seriously hurt. Frei Herr von Waltzann, secretary of the imperial treasury of Germany, has resigned. He will probably be succeeded by Herr Schraub, one of the ministers of Alsace-Lorraine.

6. July 18, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, July 18, 1893

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Small Bank Failure, ATLANTA, Ga., July 17.-The First National Bank of Cedartown, Ga., closed its doors today. The suspension was caused by inability to realize at once on collateral. Rumors of a shortage on the part of one of the bank officials are denied, and it is asserted that depositors will be paid in full. The bank will resume as a state bank soon. The bank was capitalized at $75,000; surplus, $9,000.

7. July 20, 1893 Grant County Herald Lancaster, WI

Article from Grant County Herald, July 20, 1893

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MINOR NEWS ITEMS. For the Week Ending July 18. The Bouton Foundry company in Chicago failed for $200,000. Yale is winner of the world's fair college baseball tournament. The First national bank of Cedartown, Ga., closed its doors. The 9th of September has been designated as Grand Army day at the world's fair. Osen Betts, a farmer living near ich, committed suicide by Hillsdale, hanging George Grandin left New York to walk to the world's fair. He carried no money with him. Patti Stone, the opera singer, died at the St. Louis home of her father, Maj George H. Stone. Bands of Mormons are at work in Virginia proselyting. They avow their belief in polygamy. Lick observatory astronomers claim the new comet is really two comets with two distinct tails. Ignoring a warning, Dan McCarthy attacked one Nethrow at Marysville, Ia., and was fatally shot. Robert Larkin, colored, was lynched at Ocala, Fla., for criminally assaulting Fannie Alexander, white. Workmen at Elwood, Ind., where factories have closed. were suffering for the necessaries of life. The business section of Luckey, O., was almost completely wiped out by fire, the loss being $100,000. John McConnell, morocco and cotton manufacturer in Philadelphia, failed for $200,000; assets, $100,000. Clement Miller and his wife and baby were fatally burned by the ex plosion of coal oil at Columbus, O. Sheriff Spradley, of Nacogdoches, Tex., killed his fifth man in Joel Good win. who had a murderous record. The private banking house of William Oberhauser in Peoria. Ill., closed its doors with liabilities of $60,422. Two oil tanks at Whiting, Ind., exploded and the Standard Oil company lost gallons of refined petroleum. John McGrath. leader of a notorious Chicago gang, has been sentenced to twenty-five years in prison for burglary. Rudolph won the Columbus handicap, worth $25,000, in a brilliant finish at the Washington park track in Chicago. Annie Morris has been masquerading as Frank Blunt for fourteen years. Arrest at Milwaukee revealed her identity. Dr. Henry C. W. Meyer, alleged poisoner and swindler of insurance com; panies, is now locked up in New York. Near Atchison, Kan., the Missouri river has begun eating away lands and is encroaching upon the railway roadbeds. The bank of Hay & Webb made a general assignment at Carmi, III., with liabilities of $176,000 and assets of $216,000. Glen house, a popular resort in the White mountains was destroyed by fire. entailing a loss of $160,000. Guests escaped. Richard P. Roughton and Frederick T. Rawlins, prominent eitizens of Sandersville, Ga., killed each other in a street duel. Warren Dean, a negro accused of assaulting a woman, was captured by a mob at Stone Creek, near Macon, Ga., and lynched. . Meredith Lewis, acquitted of the charge of murdering his wife, was lynched near Roseland, La., by unknown persons. William J. Christie, stage manager of the opera house at Elgin, Ill., was overcome by heat and died from the prostration ensuing. In a runaway at Thomasboro, III., two young sons of William Seymour were so injured that they died soon after the accident. The council of administration has decided not to cooperate with the plan of the railroads to bring all western newspaper men and their wives to the world's fair free. Annie Geary, aged 17. and Mary Schireber, aged 5, were burned to death at their home in Port Clinton, O., by an explosion of gasoline. A train ran off the track and went over a high precipice near Bilboa, Spain, and six persons were killed and thirty seriously injured. A man named Segerman and his son, aged about 13 years, were found murdered 4 miles from Wharton, O T. Their pockets were rifled. S N. Dussenberre, cashier of the suspended bank at Puyallup, Wash., was arrested on a charge of embezzling $41,000 of the bank's funds. Lizzie Byram, aged 19 years, daughter of A J Byram, of Newark. N. J., died at Asbury Park of hydrophobia, the result of a bite from a pet dog. George Pond, aged 24: Albert But teroux. aged 16, and Willie Clawson, aged 12. were drowned while bathing in the bay at Galveston, Tex. At a disreputable resort in the City

8. July 27, 1893 The Times Richmond, VA

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Washington News Notes. WASHINGTON, D. C., July 26.-Secretary Carlisle is at his post again, and spent part of the day at the Treasury. Surgeon-General Wyman, of the Marine Hospital Service, to-day received the following telegram from Passed Assistant Surgeon Gedings at the Delaware Breakwater: "Arrived yesterday, American schooner Hannah McLeon, Havana and Matanzas, with captain on board dead of yellow fever. Five other cases on voyage recovered. Buried captain ashore with all precautions. Vessel held for disinfeetion and observation." The Comptroller of the Currency to-day appointed Mr. James R. Barber receiver of the First National Bank of Cedartown, Ga. The silver offered for sale to the Treasury Department to-day aggregated 175,000 ounces, at prices ranging from .7025 to .7650 per ounce, all of which was declined, and .7020 tendered. Up to the close of business hours no seller had accepted this price.

9. July 27, 1893 The Morning News Savannah, GA

Article from The Morning News, July 27, 1893

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Receiver of Cedartown's Bank. Washington, July 26.-The controller of the currency to-day appointed James R. Barber receiver of the First National Bank of Cedartown, Ga.

10. July 28, 1893 Shenandoah Herald Woodstock, VA

Article from Shenandoah Herald, July 28, 1893

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South and West. AT Denver. Col.. the People's Savings, the e Rocky Mountain Dime and Dollar and the I Colorado Savings Banks have closed their e doors. At Kansas City, Mo., the Missouri National Bank has suspended payment: also 1 the Grand Avenue Bank, a private institu: tion. The assets are $200,000; liabilities, $140,000. l FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's e Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 having already been prepared. THE First National Bank at Cedartown. Ga., closed its doors. The suspension was caused by inability to realize at once on collaterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889. Miss EMMA GARRETT. of Philadelphia, who with her sister, Miss Mary 8. Garrett, had charge of the Pennsylvania blind children's exhibit at the World's Fair, committed suieide by leaping from a window at the Briggs House, THREE Denver (Col.) National banks-the Union National, the Commercial National and the National Bank of Commerce-closed their doors, owing to the heavy demands of excited depositors. The Mercantile Bank, a small private institution. also suspended, owing to the closing of the Union Bank. URUGUAY'S exhibition in the Agriculture Building, World's Fair. was thrown open to the public view, and was visited by large crowds. THE drouth, which exten led over an area of 40,000 square miles in Western Texas, has been broken by good rains. AT Denver, Col., the German, State and People's National Banks closed their doors to forestall the heavy demands that it was evident would be made. The list of closed banks in Denver is now thirteen. of which six are National, five savings and two private institutions. Two men were mortally wounded and on? instantly killed in a pitched battle between tramps and citizens near Sheffield, Ind. AT Green Bay, Wis., Rear-Admiral Melancton Smith. United States Navy, died after a two-days' illness. He was born in New York City, May 24, 1810, and entered the navy as 8 midshipman at the age of sixteen. THE Brazilian Building was dedicated at the World's Fair. THE Commissioners of Agriculture of the Southern States, in session at Atlanta, passed a resolution calling for the adoption of a uniform system of control and regulation of the manufacture and sale of commercial fertilizer. SWEDEN'S day at the World's Fair was celebrated by a big procession and a concert: Columbia's Building was opened on the same day. A NUMBER of striking miners, with their wives, attacked the strip pit miners in one of the mines near Weir City, Kan. A fierce fight ensued, in which clubs and firearms were used. About 100 shots were fired and a number on both sides were injured. No one was killed. IT is estimated that ten thousand persons in Denver, Col., and twenty thousand out. side of it have been thrown out of work by the cessation of silver mining. They are in great distress.

11. July 28, 1893 Fisherman & Farmer Elizabeth City, Edenton, NC

Article from Fisherman & Farmer, July 28, 1893

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South and West. THE Bank of Mound Valley, Kan., owned by C. M. Condon, of Oswego, was robbed by three men who rode into the town and entering the bank tied and gagged the cashier, J. 0. Wilson, and secured the money in sight. which amounted to $600. A YELLOWISH black cloud came up from the west and swept through Stillwater. Minn., along Lake St. Croix, thence across the lake, and spent itself in the Wisconsin woods to the southeast. Two persons were killed, William Anez and Samuel Simonson. THE National Bank of Kansas City. Mo.. has failed; the liabilities are about $1,000,000 and assets estimated at over $2,000,000. AN explosion of fireworks occurred at a grove near Chicago, III.. in which an Italian society was holding a picnic. The explosion resulted in the killing of four persons-three men and a boy-and the wounding of twelve others. THE last open Sunday of the World's Fair did not show any improvement upon other Sundays in point of attendance, but as nearly all passholders paid the entrance fee of fifty cents, the fund for the benefit of the sufferers from the cold storage fire was increased in a substantial way. About $30,000 was realized. AT Denver. Col., the People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks have closed their doors. At Kansas City, Mo., the Missouri National Bank has suspended payment, also the Grand Avenue Bank. a private institution. The assets are $200,000; liabilities. $140,000. FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 having already been prepared. THE First National Bank at Cedartown, Ga., closed its doors. The suspension was caused by inability to realize at once on co!laterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889.

12. August 2, 1893 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, August 2, 1893

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South and West. THE Bank of Mound Valley, Kan., owned by C. M. Condon, of Oswego, Was robbed by three men who rode into the town and enterIDE the bank tfed and gagged the cashier, J. O. Wilson, and secured the money in sight, which amounted to $600. A YELLOWISH black cloud came up from the west and swept through Stillwater, Minn.. along Lake St. Croix, thence across the lake, and spent itself in the Wisconsin woods to the southeast. Two persons were killed, William Anez and Samuel Simonson. THE National Bank of Kansas City. Mo., has failed the liabilities are about $1,000,000 and assets estimated at over $2,000,000. AN explosion of fireworks occurred at a grove near Chicago, III.. in which an Italian society was holding a picnic. The explosion resulted in the killing of four persons-three men and a boy-and the wounding of twelve others. THE last open Sunday of the World's Fair did not show any improvement upon other Sundays in point of attendance, but as nearly all passholders paid the entrance fee of fifty cents, the fund for the benefit of the sufferers from the cold storage fire was increased in a substantial way. About $30,000 was realized. AT Denver, Col.. the People's Savings, the Rocky Mountain Dime and Dollar and the Colorado Savings Banks have closed their doors. At Kansas City, Mo., the Missouri National Bank has suspended payment, also the Grand Avenue Bank, a private institution. The assets are $200,000; liabilities, $140,000. FOUR people were killed and several injured in a collision between a Grand Trunk train and a horse car in Chicago, III. THE foreign exhibitors at the World's Fair are getting ready to file claims against the National Government for damages, claims to the amount of $400,000 baving already been prepared. THE First National Bank at Cedartown, Ga., closed its doors. The suspension was caused by inability to realize at once on co!laterals. SECRETARY MOHLER has issued a statement saying that if the conditions continue favorable Kansas will have the largest corn crop in the State's history, with the exception of that of 1889.

13. September 15, 1894 The Morning News Savannah, GA

Article from The Morning News, September 15, 1894

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# CRIMINAL MISMANAGEMENT. First National Bank of Cedartown in a Peck of Trouble. Atlanta, Ga., Sept. 14. -The First National Bank of Cedartown, Ga., failed more than a year ago and was placed in a receiver's hands. Last February a report was made on the condition of the bank by J. P. Speir, special examiner. Until to-day the public and those interested financially in the bank have not learned the nature of the report. Now it develops that the special examiner reported that the bank was criminally mismanaged. The cashier, J. O. Hardwick, has been indicted in the state court at Cedartown, but there has not been any prosecution either in the state or federal courts. Mr. Speir's report states that the Hardwicks, who held a controlling interest in the bank, never paid in their subscriptions. They put in promissory notes for a part of their subscription to the capital stock. For making alterations in these promissory notes Cashier Hardwick is now under indictment. Overdrafts, exceeding by three times the maximum countenanced by law, were made, but not properly entered. Stock that was transferred in August, 1893, was entered as having been transferred four months earlier. The directors wrote Controller Eckels asking him not to change the first receiver, stating that they feared a change might not be to the benefit of the stockholders. They never received a reply, but the receiver was removed and a man was sent from Washington to take charge. The special examiner charges that the banking operations were rotten.

14. September 15, 1894 Birmingham Age-Herald Birmingham, AL

Article from Birmingham Age-Herald, September 15, 1894

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ROTTEN PROCEEDINGS. A GEORGIA BANK BADLY MANAGED. CASHIER UNDER INDICTMENT. ATLANTA, Ga., Sept. 14. -The First National bank of Cedartown, Ga., failed more than a year ago and was placed in a receiver's hands. Last February a report was made on the condition of the bank by J. P. Spier, special examiner. Until today the public or those interested financially in the bank have not learned the nature of the report. Now it develops that the special examiner reported that it was criminally mismanaged. The cashier, J. O. Hardwick, has been indicted in the state court at Cedartown, but there has not been any prosecution either in the state or lederal court. M r. Spier's report states that the Hardic kg, who held a controlling interest in the bank, never paid in their subscription. They put in promisory notes for a part of their subscription to the capital stock. For making alterations in these promisory notes the cashier. Hardwick, is now under indictment. Overdrafts exceeding by three times the maximum countenanced by law were made, but not properly entered. Stock that was transferred in August, 1893, was entered as having been transferred four months earlier. The directors wrote Comptroller Eckles asking him not to change the first receiver, stating that they feared a change might not be to the benefit of the stockholders. They never received a reply, but the receiver was removed, and a man was sent from Washington to take charge. The special examiner charges that the banking operations were rotten. It was on the points of supreme excel. lence that Dr. Price's Baking Powder received the highest honors at the Columbian and Midwinter fairs.

15. September 19, 1894 The Dawson News Dawson, GA

Article from The Dawson News, September 19, 1894

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council. They are Messrs. C. W. win, G. H. Hulme and H. R. Palmer. Their election gives eminent satisfaction. The fourth annual convention of the Woman's Parsonage and Home Mission Society of the north Georgia conference, which has just closed at Milledgeville, was a very interesting one. There were about fifty delegates present and much valuable work was accomplished. The sensation of the day in Augusta was the circulation on the streets of a pamphlet issued by Mr. Salem Dutcher, the independent candidate for state senator. It is an attack upon the administration of county affairs, more in particular directed against Judge Eve. Savannah was evidently very much excited a few daysago over the threatened riot, for Captain J. F. Wheaton telegraphed to Atlanta for 1,000 rifle ball cartridges which were sent him by Adjutant General Kell, and later in the day 5,000 more were sent on a telegraphic request from Lieutenant Colonel William Garrard. The following mortgages were foreclosed in the United States court at Atlanta a few days ago by the Equitable Mortgage company of New York. J. M. Hambrick, Stockbridge, Ga., $2,365; Kate B. Smith, Powder Springs, $2,472; John A. Baugh, Jr., LaGrange, $2,586. The mortgages were all on land owned by the above parties. Tuesday will be a red letter day in Atlanta's history. On that day the corner stone of the great main building of the Cotton States and International exposition will be laid, and the ceremonies attendant upon this will be highly interesting. A number of distinguished gentlëmen will be present to take part in the exercises. Hon. John P. Shannon, the worshipful grand master of the grand lodge of Masons of Georgia, will lay the corner stone. The contention between therailroads and the cotton compress owners as to the charge for compressing cotton, was settled by a compromise. Heretofore the roads have paid the compresses 10 cents a hundred pounds for compressing. Recently the roads announced that they would pay 7 cents a hundred this season. The compresses petitioned the Georgia railway commission to reduce the freight charges on compressed cotton. The matter was finally compromised, the roads agreeing to pay 81 cents a hundred. Thisincrease means $600,000 to the presses on Georgia's crop alone. The farmers of Georgia and Alabama, or at least the majority of them, are not entirely dependent on the cotton crop this year. Many farmers planted oats, peas and corn very largely and are raising meat of their own. These same farmers are also turning their attention to the hay crop. Plenty of fine hay can be found on almost any farm ripe for the farmers, blade. There is more money in hay than there is in five-cent cotton. Happy, indeed, are those farmers who raise their own bread and meat at home, together with good crops of oats, potatoes, peas, hay and the like.Columbus Herald. A sensation has been created at Cedartown by the announcement that the grand jury at the present term of Polk Superior Court has found two true bills against J. A. Hardwick, former cashier of the First National bank of Cedartown. It will be remembered that this bank failed about a year ago and has since been in the hands of a receiver. The bank was organized as a national bank by the firm of Hardwick & Co., who had previously been doing a banking business there. The indictments against Hardwick, the former cashier, are for forgery. His friends are indignant at the charges being preferred, and declare that he will have no difficulty in disproving them. The employes of the Central railroad shops at Macon have been made happy by being put to work on eight hours' time. For a number of months past the shops have been run on five

16. September 21, 1894 The Bolivar Bulletin Bolivar, TN

Article from The Bolivar Bulletin, September 21, 1894

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Ex-Bank Cashier Indicted. J. O. Hardwick, former cashier of the First national bank of Cedartown, Ga., now in the hands of a receiver, has been indicted by the grand jury on two counts.

17. September 21, 1894 The Union Times Union, SC

Article from The Union Times, September 21, 1894

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CRIMINALLY MISMANAGED. Examiner Spler Makes a Report on the Condition of the Cedartown Bank. ATLANTA, September 15.-The First National bank of Cedartown, Ga., failed more than a year ago and was placed in a receiver's hands. Last Februar a report was made on the condition of the bank by J. P. Spier, special examiner. Until yesterday the public, or those interested financially in the bank. had not learned the nature of the report. Now it develops that the special examiner reported that the bank was criminally mismanaged. The cashier, J. O. Hardwick has been indieted in the state court of Cedartown, but there has not been any prosecution either in the state or federal courts. Mr. Spier's report states that the Hardwicks, who held a controlling interest in the bank never paid in their subscription. They put in promisory notes for a part of their subscription to the capital stock. For making alterations in these promisory notes the cashier, Hardwick, is now under indictment. Overdrafts exceeding three times the maximum countenanced by law, were made but not properly entered. Stock that was transferred in August, 1893, was entered as having been transferred four months earlier. The directors wrote comptroller Eckels asking him not to change the first receiver, stating that they feared a change might not be to any benefit of the stockholders. They never received a reply but the receiver was removed and a man was sent from Washington to take charge. The special examiner charges that the banking operations were rather loose.

18. September 22, 1894 Le Meschacébé Lucy, Edgard, Bonnet Carre, Reserve, LA

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Ex-Bank Cashier Indicted. J. O. Hardwick, former cashier of the First national bank of Cedartown, Ga., now in the hands - of a receiver. has been indicted by the grand jury on two counts.

19. October 8, 1894 The Morning News Savannah, GA

Article from The Morning News, October 8, 1894

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We have heard that she Monday had a fuss morning. with her mother, and left home, saying that she was going off to kill herself, and as the railroad was only a short distance from the house, she walked over to the Cemetery street crossing and stood on the track in front of a freight train. She was badly bruised about her head and body, and one arm broken. She is not yet dead, and if the act was done intentional, she has no doubt fully repented of it. A consent decree was taken from Judge Newman of the United States court at Atlanta Saturday by Receiver Lynch of the First National Bank of Cedartown, ordering the sale of the entire assets of that institution on Nov. 2, 1894. The decree states that the bid which is accepted must cover the total indebtedness of the bank, together with the expenses of the receiver. This decree grows out of the insolvency of the bank, so declared by the controller of the currency some months ago. Upon an examination of the affairs of the bank Cashier Hardwick was arrested on the charge of forgery and embezzlement. In August, 1884, William Wilson, colored, went to the penitentiary from Echols county with a life sentence before him. He had been given two trials; the first resulted in a verdict of involuntary manslaughter with the penalty of three years imprisonment. The second trial went against Wilson worse than ever, and he got his term. Two years ago Mr. O. M. Smith of Valdosta, became interested in his case and worked hard for his release. Judge Hansell and ex-Solicitor R. G. Mitchell recommended the pardon, which Gov. Northen recently granted, and Wilson came to Valdosta last week where he is now employed. He is an industrious dom. fellow and appreciates his freeAtlanta will be represented on the football field this year, as formerly, by the Technological team. This team is now nearly organized and is training hard for the coming struggles. Ten men out of the necessary eleven have been selected thus far. They are: J. A. Stewart, manager; T. W. Raoul, captain; M. McRae, B. N. Wilson, Frank Ochiltree, J. A. Stewart, Charley Hill, W. H. Camp, G. V. Heidt, W. H. Wooten and C. H. Almand. The others will be selected in a few days. The team shows up well in practice. While it is somewhat lighter than that of last year, the team seems to be quicker in their work. Only two of last year's players will be on the team this year-McRae and Raoul. The Technological men propose to meet all comers, and expect to win their share of the contests in which they engage. The season will open on Oct. 20, with a game between Furman University and the "Tecks." Other games arranged thus far are: Oct. 27, Mercer vs. Techs; Nov. 3, University of Georgia vs. Techs; Nov10, Auburn vs. Techs; Nov. 17, Sewannee vs. Techs; Nov. 29, Athens vs. Techs. A suit was filed with George K. Calvin, clerk of the United States district court at Augusta Saturday in which the complainants are the Westinghouse Electric Company, and the defendants the Augusta Street Railway company, and W. E. Moore and R. J. Edenfield. The complainants claim that the defendants are making electric motors in violation of the patents granted to a man named Lemme of Pittsburg, who afterwards sold his rights to the Westinghouse company. Superintendent Moore of the street rallway company laughed at it. "The whole matter," he said, "is about the manner in which the coils are placed on an armature. We are not violating the Lemme patent, having adopted a different method, but all the big companies make their machines by the Lemme method, and nothing is said about it. They have no case against us in any way what-

20. October 14, 1894 The Morning News Savannah, GA

Article from The Morning News, October 14, 1894

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Case. GEORGIA. The drug firm of McLean & Co. at Statesboro has been dissolved. Elder J. S. Lamar has resigned his position with the Christian church of Valdosta. A party of United States officials are in Cherokee making a geographical survey of the county. Clarke & Parrott bought Thursday the entire stock of shoes and groceries of W. J. Pinson, at 105 Cotton avenue at Americus. E. J. Peacock will erect at an early day a brick store on the vacant lot between the stores occupied by M. Heimer & Co. and Johnson Bros. at Eastman. The "Signs of the Times" is the name of a new paper published in Arlington in the interest of the negroes. Rev. D. J. H. McGehee is the editor. The lumbermen of Brunswick will meet on Thursday, Oct. 16, next, for the purpose of organizing the Brunswick branch of the Lumbermen's Exchange. The Hartwell Cotton Mills find it impossible to keep up with orders by running in the day time, and just as soon as the electric lights are placed and another set of hands employed will run regularly night and day. F. Fielding Fitch has leased the mines of the Woodstock Iron Company and of Leake & Van Devander, located near Cedartown. The ore on the property is a high grade brown hematite, and will be thoroughly developed at once. The pea crop in Spalding county is larger this fall than for many years past. A large area was planted, the seasons were fine and the yield has been immense. Pea vine hay will prove quite helpful this winter to stock and cut short the demand for western hay. Berry Munger, a Twiggs county negro, brings suit in the superior court at Macon against the Macon, Dublin and Savannah railroad for $5,000. He was shot in the leg on July 4 last by one Goings, who claimed to be a conductor on that road, and who was shooting at another negro. O. B. Weaver, who was shot by Tom Chambers at Blakely last Thursday morning, died in a few hours after receiving the wound. The grand jury, now in session, after investigating the matter, failed to find a true bill against Mr. Chambers, who has been released from prison. The Statesboro Furniture and Carriage Company is the style of a new firm that is opening up stock in Dr. White's store, lately occupied by Mr. Jacobson at Statesboro. The proprietors of the concern are Messrs. Clark & Fuller of Savannah, while J. S. Tart, son-in-law of T. J. Fuller, member of the firm, will be the business manager. To-morrow the Third regiment of artillery, now stationed at Post McPherson at Atlanta, will be removed to Jackson barracks at New Orleans. One hundred and twenty-eight enlisted men and five officers under the command of Maj. Ramsey, will depart for the Crescent City at that time. The soldiers will board a special Atlanta and West Point train at McPherson station at about three o'clock to-morrow afternoon. Passengers on the noon train from Richland at Americus Thursday, reported a shooting affray in that town the night before, Dr. Miller and Albert Majors, both residents of the town, being parties thereto. Dr. Miller fired twice at Majors, both shots taking effect in the shoulder. The affair is thought to have resulted from bad feeling existing between the two for some time. Majors' wounds are not thought to be very serious. Last Saturday morning at 1:30 o'clock the gin house and contents of T. J. Warren of Centerville in Elbert county. was burned. The work is supposed to be of an incendiary origin, and revenge its motive. The loss of Mr. Warren was ten bales of cotton (packed), eighteen bales in seed and 500 bushels of cotton seed. Suspicion pointed to George Crawford, who had had a difficulty with Mr. Warren last Tuesday, as the perpetrator of the crime. Crawford is in jail. An order has been passed by the superior court at Eastman fixing $50,000 as the price for the Empire lumber Company's plant at Empire, and ordering the road sold at private sale on or before Dec. 1. The person who sells the plant at this price will receive 10 per cent. of the purchase money. It is understood that this amount will pay the preferred debts, which is about one-fifteenth of the entire indebtedness, the whole being about $800,000. The plant originally cost about $350,000, and was considered the finest milling industry in the south. Berry E. Provo of Dooly county, who has been in the penitentiary wrongfully for five years through his own ignorance, was pardoned by the governor Friday morning. In 1889 he was arraigned for burglary. He pleaded guilty and was sentenced to ten years in the penitentiary. It now develops that the boy went into a store that was open and stole what he did, committing the offense of larceny from the house instead of that of burglary. A pardon on this account was asked for and granted by the governor. Matches made from paper are novelties, but Brunswick has a factory in full operation that is daily turning out numbers of them. At present the factory is conducted on a limited plan, and was commenced merely as an experiment to see what demand could be created for the new product, but the success that has greeted the experiment justifies its continuance on a large scale, and it is expected that paper matches will soon be turned out in mammoth proportions. Rosenda Torras is the owner of the new factory, and Senor Antonio Prat is the manager. Receiver M. S. Lynch has obtained an order from Judge W. T. Newman of the federal circuit court to sell all the assets of the defunct First National Bank of Cedartown on Nov. 6. All the notes, accounts, mortgages, lands, the banking house and furniture and all other assets