1f19c375Full suspension, Books examined
Other: Receiver appointed by Comptroller; dividends later declared by receiver in 1896.
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A Georgin National Bank Suspends Columbus, Ga., Nov. 29 - --The Chattahoochie National Bank, of this city, did not open this morning. The directors held a meeting yesterday and decided to pursue this course. A continued withdrawal of deposits, shrinkage of values of securities. and inability to realize on assets promptly, is assigned as the reason for suspension. The deposits amount to about $120,000. The officials think they can pay out 60 per cent,
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a declared Comptroller Eckels to day ordered Bank Examiner Burgroin to take charge of the failed Chattahoochee Nation 1 Bank of Columbus, Ga. The capital of the bank is $100,000. In round figures the deficit for November will be $1,000,000 the receipts pooling up to $26,000,000 and the expenditures $27,000,000. The deficit for the five months of the current fiscal year stands at $17,500,000. Colonel Lamb of Norfolk is here. He not only fills the late General Mahone's two places-the chairman of the republican committee of his State and the Virginia member of the national repub lican committee-but occupies the late General's old quarters at Chamberliu's. Ex-Congressman Bowden of Virginia, now auditor of the Norfolk and West. ern Railroad, which is in the hands of a receiver, is also here. Colonel Lamb says he only came up to be introduced to the members of the next river and harbor committee. It is currently reported at the State Department that the full record of the trial in the case of Waller, the nego exconsul at Tamatave, has never been received from the French government, and never will be, and also that Waller has given himself away, and will have to submit to the penalty of his crime. Dennis Dulany of Alexandria has had his pension increased. Congressman Meredith of the Alexandria district was here to day and had a talk with ex-Speaker Crisp, as did also his new colleague, Mr. McKenny, of the Petersburg district. Mr. Meredith had a talk with the surgeon general of the marine hospital servic and urged him to reestablish the hospital post at Alexandria, but was unsuccess ful. Mr. Meredith did succeed in having young Mr. Kincheloe of Fairfax county reinstated temporarily as a laborer on the roll of the House em ployees. The company now building an electric railroad between this city and Baltimore, yesterday put a blanket mortgage on that road for six million dollars, and now have fifteen hundred men at work and will have the road completed as soon as possible. It is reported that Secretary Herbert is so enamored of civil service reform that he will recommend in his annual report that the appoint ment of naval cadets be put under civil service rules. If his recommen dation be adopted, cadets hereafter appointed will have to pass two examin ing boards, one before appointment, under civil service rules, and the usua one at Aunapolis before admission. Great is civil service reform. The District court yesterday overruled all the motions that had been made in the case of the Mahone-Windsor lot, and the in dications now are that that lot will be sold on Monday evening next, first the mortgaged half of the lot, and if the proceeds of that sale be not enough to pay the claims against it, then the other half will be sold also. Senator Palmer of Illinois says he thinks there will be a reorganization o the Senate on republican lines, with the aid of the populists, as the latter are human and, therefore, want some of the pie. Virginia republicaus here to-day say the support Mr. Reed will receive in their State will be the result of an agree ment by which he will support the ad mission of Yost and Thorp, contestants for seats in the House, as the vast body of the rep ublicans of their State are in favor of McKinley. The committee appointed by the silver conference in Memphis last summer will meet here this evening to de termine upon their course of action during the coming session of Congress Ex Senator Kellogg, of Louisiana says Congress should increase the tax on beer and replace the tax on foreign wool. Mr. Smith, ex member of the House from Brooklyn, says Congress will be unable to do anything with the tariff, but should provide for the issue of short time, low interest bonds of smail denominations. The bids for the construction of the two battle ships authorized by the last Congress were opened to-day. That of the Newport's News Company was he lowest, for both being] five million dollars As 8 result of Secretary Carlisle's recent favorable offer for gold, $357,000 in gold has beon deposited. In the meantime, however,
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A COLUMBUS BANK CLOSED. Withdrawal of Deposits Precipitates the Collapse. Columbus, Ga., Nov. 29.-Business circles were astonished this morning to find a notice posted on the door of the Chattahoochee National Bank announcing that the bank had been closed by order of the board of directors. While no figures were given out to-day, it is known that the bank has sustained heavy losses in the last few years. A few weeks ago it secured a judgment against a brewing company for $47,000, but has not been able to realize on the judgment. The depositors have been gradually withdrawing their accounts, and it is said the actual cause of the closing was due to the withdrawal of the Central railroad deposit, amounting to $25,000. It is thought the depositors will get their money, but many believe the bank is hopelessly involved. The examiner has been notified. This was the oldest national bank in the city. Only a few years ago its surplus and undivided profits were greater than its capital stock. A shrinkage in the value of securities and inability to realize on assets promptly, together with the withdrawal of deposits, are assigned by the directors as the reasons for suspension. The deposits amount to about $120,000. The officials think they can pay out with 40 per cent. of the assets.
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1 COLUMBUS NATIONAL BANK CLOSED. Columbus, Ga., Nov. 30.-The Chattahooche National Bank of this city did not open yesterday morning. The directors held a meeting on Thursday and decided to pursue this course. Continual withdrawal of deposits. shrinkage of values of securities and inability to realize on assets promptly are assigned as the reasons for suspension. The deposits amount to about $120,000.
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Appointed a Bank Receiver. Comptroller Eckels today appointed J. F. Flournoy receiver of the Chattahoochee National Bank. of Columbus, Ga., which failed a week ago.
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Receiver for Georgia Bank. WASHINGTON, D. C.DecemberComptroller Eckels to-day appointed J. F. Flournoy receiver of the Cha tahoochee National Bank, of Columbus, Ga., which failed a week ago,
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WAIFS FROM THE WIRES. Some of the Day's Events Set Forth in Short Stories. New York, Dec. 7.-Baring, Magoun & Co. to-day decided not to ship the $200,000 in gold bars secured by them in the open market yesterday. Washington, Dec. 7.-Controller Eckels to-day appointed J. F. Flournoy receiver of the Chattahoochee National Bank of Columbus, Ga., which failed a week ago. Washington, Dec. 7.-Bids were opened at the treasury to-day for ventilating the New York postoffice. The Dalton Company of Charleston, S. C., at $7,008, were the lowest bidders. Paris, Dec. 7.-The International Bimetallic League has received an intimation that British and German delegates will attend the bimetallic congress to be held in Paris Dec. 10, 11 and 12. San Francisco, Dec. 7.-Bishop Nicholas says the story telegraphed from Chicago that the holy synod has directed him to build a $500,000 cathedral at Chicago is incorrect. He has authorized the priests in Chicago to build a church there, but the price will be nearer $5,000 than $500,000. Shelbyville, Ill., Dec. 7.-There is a typhoid fever epidemic in this section. Whole families are prostrated with it. A notable instance is the family of Stephen Flanders, a brick-maker. Eight members have the disease in its worst form, and the fourth death in ten days resulted to-day. Paris, Dec. 7.-The Journal des Debats says the French government consents to communicate to the United States the contents of the documents in the case of John L. Waller, ex-United States consul to Madagascar, now serving a term of imprisonment in France. This action, the Journal says, is taken as a mark of courtesy to the United States. The paper denies that the latter government is entitled to demand the documents. New York, Dec. 7.-The United States battle ship Texas passed out by Sandy Hook this morning at 8 o'clock, and fifteen minutes later had cleared the bar, when she steamed off to the southward. The ship looked as neat and trim as any vessel ever does coming from the navy yard at Brooklyn, and nothing seemed to be amiss with her. She made rapid progress down the ship channel and turning Southwest Spit headed for Gedney's channel, where she passed and was saluted by the incoming National Line steamship England. The Texas returned and anchored off St. George, Staten Island, late this afternoon.
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Receiver Placed in Charge. Washington, Dec. 7.-Ccmptroller Eckels Saturday appointed J. F. Flourney receiver of the Chattahoochee national bank of Columbus, Ga., which failed last week.
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National Bank Receiver. Washington, Dec. 9.-John F. Flournoy, of Columbus, Ga., has been appointed receiver of the Chattahoochee National bank of Columbus.
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LATEST NEWS IN BRIEF GLEANINGS FROM MANY POINTS. Important Happeuings, Both Home and Foreign, Briefly Told. Newsy Southern Notes. There were five hangings in South Carolina on Friday. TheSpotts Manufacturing Company, of Richmond, Va., makers of vinegars and ciders, have failed for $12,000. Rev. John E. White succeeds Dr. Durham as corresponding secretary of the Baptist State Convention of North Carolina. Secretary Carlisle has accepted aninvitation to deliver an address on the government finances to the business men of Richmond, Va. Col. W. O. Bradley, the first Republican to be elected Governor of Kentucky, was inaugurated with great ceremony on Tuesday. Comptroller Eckels has appointed J. F. Flournoy receiver of the Cbattahoochee National Bank, of Columbus, Ga., which failed a week ago. George Washington, colored, was hanged at Tarboro, N. C., Wed., for the murder of Charles Neville, a pump hand of the Atlantic Coast Line. The execution was public. The murder was for robbery. The murderer confessed. The South Carolina Republican State committee at Columbia have issed an address to the people, in which the committee refuses to accept as final the new constitution foisted upon the State by the Tillman faction, on the ground that it is per se fraudulent, and because it is not to be submitted to the people for ratification.
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# TAXES ON BANK BUILDINGS. THEY MUST BE RETURNED THE SAME AS ALL REAL ESTATE. Attorney General Terrell Renders the Opinion in the Case of the Chattahoochee National Bank of Columbus-The Claim That the Pay- ment of Taxes on the Bank's Capi- tal Stock Exempts Them Denied. Atlanta, Ga., Jan. 18.-Attorney General Terrell to-day rendered an important opinion relative to the taxation of the property of national banks. When the Chattahoochee National Bank of Columbus went into the hands of a receiver appointed by the controller of the currency the receiver failed to re- turn the building of the bank for taxa- tion by the state. The matter was brought to the attention of the controller general, and upon inquiry it was developed that the reason the receiver had failed to re- turn the buildings was that it had never been given in for taxes by the bank on the ground that the real estate of a bank, being a part of the assets, and represent- ing a part of the value of the stock, was not subject to taxation. The controller general placed the question before the attorney general, asking his opinion of the position taken by the receiver of the bank. Attorney General Terrell holds that the building should have been returned for taxation just the same as any other real estate, this decision applying to all banks. The stock of the bank, he holds, is sep- arately taxable against the stockholder. This is on the same principle of the the- ory, the attorney general states in his opinion, as the taxation of realty under mortgage, and also the taxation of the mortgage upon the same realty. It is not known to what extent this de- cision will affect the banks of the state, as there is no data in hand at present to show whether it has been the general practice of the bank to withhold their real estate from taxation, as was done by the defunct Chattahoochee National Bank or not. If this has been the prac- tice, steps will be promptly taken to change it and require all banks, whether state or national, to return their build- ings to the state for taxation the same as other real estate, as well as their stock.
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RIGHT OF WAY REFUSED. Col. L. F. Garrard in a Row With Commissioner Tillman. Columbus, Ga., May 2.-The controller of the currency has authorized Receiver Flournoy to pay a cash dividend of 25 per cent. to the depositors in the Chattahoochee National Bank, which failed last fall. This afternoon a good deal of bad feeling cropped out between Col. W. L. Tillman and Hon. L. F. Garrard during the trial of an injunction case to restrain the Columbus Railway Company from extending its track out Hamilton road, one of the most important thoroughfares in the county. The action was brought by County Commissioners Tillman and Bass. Col. Garrard is also a commissioner, but being attorney for the railroad company, did not join in the action. The judge granted a permanent injunction and after the conclusion of the case some hard words passed between Messrs. Tillman and Garrard, followed by a blow or blows. according to some accounts. Those who witnessed the affair refused to talk and what actually occurred cannot be definitely stated.
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found in a brook near Mosholu, Parkway, was honorably discharged. Receivers Cowan and Murray of the Baltimore & Ohio Railroad company will soon make application for permission to issue $5,000,000 in certificates to be used in wiping out urgent indebtedness and for necessary improvements. Govenor Rich and the full board of control attended the monthly meeting of the board of correction at Ionia. Mich. John Q. Cressy, of Grand Rapids, was appointed a deputy warden to succeed W. E. Johnson, resigned. The supreme court of Iowa has decided that a farmer is liable for the loss sustained by his neighbors when his hired man sets out a prairie fire. A Pottawatamie county farmer has recovered $625 on the strength of the declstone Charles Houchins, who escaped from the Chester asylum last July, was captured at Peoria, III. Houchins robbed a woman on the street, and when taken before the court was recognized as the man the authorities had been looking for. A St. Louis lady has brought suit against the owners of a Hot Springs bath house. She wants $25,000. She was exposed to such a high degree of temperature that he sustained injuries from which she never been able to recover. Judge Jacob A. Kohler, of the court of common pleas at Akron, Ohio, has put the trial of Romulus Cotell, the 18year-old boy who confessed to the murder of the Stone family at Tallmadge two weeks ago, for Monday, June 22. Iowa democrats took strong ground for Boies as president and free silver. The unit rule was adopted, 26 votes at Chicago, though four are gold men. The temporary chairman stood by his colors and made a ringing declaration for punos One thousand men who have been idle for the past 10 days in Cleveland as a result of the strike at the shipyards of the Globe Iron company, returned to work. The company submitted a proposition offering a substantial advance in wages. Rev. Dr. Charles C. McCabe, of New York, and Rev. Dr. Earl Cranston, of Cincinnati, Ohio, were elected bishops of the Methodist Episcopal church by the general conference at Cleveland, Ohio. Dr. Homer Eaton was re-elected book agent at New York. Seventy-five Detroit pigeons were liberated at Sidney, Ill., at 6:50 Monday, and one bird entered the loft at 11:44, making the 300 miles in four hours and fifty-four minutes. The average rate of speed of this pigeon was over a mile per minute. Terra Haute by ordinance limits bicycle speed to six miles per hour on business streets and eight miles elsewhere. Children under 12 years are not allowed to ride on Main street. Lights are to be carried and warning bells sounded at crossings. A powerful combination to wage war on the ice trust which was formed in Chicago this spring was perfected last night at a meeting of the grocers and butchers' association. Nearly 400 business men, customers of the different ice companies, attended. The comptroller of the currency has declared dividends in favor of the creditors of insolvent national banks as follows: The Chattahoochee National bank of Columbus, Ga., and the Nop h Platte National bank of North Platte, Neb., 20 per cent. each. Governor Richards of Montana has offered a reward of $500 for the arrest of Phinp Allen, who eight years ago murdered a neighbor, and Saturday returned from his hiding place long enough to kill his former wife, who had remarried. thinking him dead. The body of the mysterious "Mrs. Everett, of Boston." who commited suicide at the Hotel Colonnade, New York, was identified as that of Miss Louise
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AND FLORIDA. GEORGIA IN NEWS OF THE TWO STATES TOLD IN PARAGRAPHS. Cost of Two Murder Trials to Twiggs County-A Colored Leader at Newnan Raising Troops to Fight Spain. Soldier Found Dead in a Chair in a Restaurant at Atlanta. GEORGIA. H. M. Loyless, a prominent warehouse man and leading citizen of Cochran, died Saturday night, aged 66 years. Another dividend of 5 per cent. has been declared in favor of the depositors of the defunct Chattahoochee National Bank or Columbus. Rome's cotton receipts up to this week are 64,266, being 30,000 bales in excess of last year. The city will probably receive several hundred bales more before the season ends. Capt. William A. Patton of the Rome Light Guards and Capt. H. J. Stewart of the Hill City Cadets have received orders to increase their enlistments to at least fifty men each. They have had no trouble doing this. Four times that many VOI in unteers could be secured with little tro ble A Crawfordville will have a bank soon. meeting of those who subscribed to t he capital stock was held Monday. John F. Holden was elected president, J. A. K endrick, vice president: M. F. Griffith, er ish jer, and Roger T. Brooke, assistant c ashjer. The capital stock will be $25,000 and all of the shares have been taken by citizens of Telfair county. It is estimated that the trial an a imprisonment of Mrs. Nobles and Gus Fambles cost Twiggs county about $1.10 1. The cases of Shaw and Criswell, convi eted of wrecking two trains on the Souther n Railway the last day in February of 1 198. cost the county about $1,800. There is therefore, no ground for the story th at these trials have bankrupted the cour ity. Arthur Evans was killed in ti ie northern portion of Monroe county S anday by Joe Wooten. It is reported tha t the two men became involved in a quarr el about a friend of Wooten, when Evans assaulted him with a knife, whereupon W boten drew his knife and cut his antagonis # to death. Both men are weil known and the tragedy has caused a sensation. Immed Nately after the killing Wooten surrendere d to Sheriff Newton. One train left Arlington Frid lay with 1,200 cattle and another left yester day with the same amount. and so on u Antil one man has shipped over 12,000 he ad, which he intends getting out by May , 1 for Indian Territory. Arlington has for the past three years fed more cattl to for the market than any other town in the state. The Arlington Oil and Fertilize x Company and J. W. Calhoun feed grea it quantities of cattle for the market. Judge J. H. Lumpkin h las directed Burton Smith, attorney for Receiver J. M. Slaton of the United States Bond and Mortgage Company of Atlanta to sue the subscribers to $90,000 of the capital stock which was never paid in. The subscribers will defend the Spaits on the ground that they had transferred their stock to Harry Cassin, who was one of the organ izers. The capital 4 tock was $100,000 and only $10,000 was paid in. A.C. Banks, a colored leader of Newnan, and who for the passt two weeks has been serving on the federal jury in Atlanta, spoke for an hour in the court house Saturday, picturing to a colored audience the horrors of the thousands starving in Cuba and enthused them with American patriotism. He says that fifty-two men were enlisted and that on next Saturday another meeting will be heid, when he ex pects the enlistment to run up to 200 men. Their services will then be tendered to the authorities. William DeMarques, a United States soldier, was found dead in a chair in negro restaurant at Atlanta Sunday morning. On the night previous he had en tered the restaurant to sleep off the effects of whisky and was left there when the restaurant closed Saturday night. Sunday morning an employe in the restaurant attempted to arouse the sleeping soldier and found him dead. The coroner held inquest over the body and the verdict of the jury was that the deceased came to his death from the effect of alcohol, which produced heart failure. An ordinary pine coffin containing the body of a negro was found in a small cemetery on the rivez' line, about six miles from Atlanta Saturday. No one was about the coffin when the keeper of the o the grounds found it. and it was not unlate in the day that the keeper had certained that a negro had brought the body there for burial at a late hour the vious evening. and finding no grave or any one to take charge of the coffin and its contents just left both on the ground, trusting that the proper parties would find the coffin and contents, there in the morning Macon Telegraph: So far the fruit crop safe, in the opinion of fruit growers and of those in position to know, and if the next few weeks are passed in safety the crop will be fine. The frost predicted by the weather people for last week came Saturday night, but was very light, and though the cool weather somewhat retarded the growth of fruit, it did no permanent injury. The fruit growers now only fear the full moon in this month, which will be about the 20th, and say that if they pass that period everything is safe Some of the growers say that a ll ght frost cannot now seriously damage the peach and pear crops, as the trees have taken on unusually heavy foliage. This follage in a large measure protects the young fruit from the frost. It has been years since the prospect of such a fine fruot crop was had in Georgia, and verybody is hoping for favorable weather. Hawkinsville's river front presents a lively appearance since the navigation of the Ocmulgee river has begun. There were tied up at the docks Saturday four steamboats, the government snag boat Sathia, the City of Macon. the City of Hawkinsville and the Little William. The carriage capacity of the three last named boats is respectively 113, 328 and 155 tons, or nearly loads. These boats