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KENTUCKY BANKS SUSPEND. Large Institutions Close Doore Pending Reorganization. Owensboro, Ky., April 24.-The Owensboro Savings Bank and Trust company and the Daviess County Bank and Trust company. are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions. The former has deposits of over $1,000,000, the latter $600,000.
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AN OLD KENTUCKY BANK CLOSES DOORS (By Associated Press.) Owensboro, Ky., Apr. 24.-The Owensboro Savings Bank & Trust Company, one of the oldest banks in Kentucky, and the Davies Countv Bank & Trust Company are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions. The banks are capitalized at $200.000 and have deposits of over a million dollars.
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Declluing to Receive Deposits. Owensbort, Kg., April 24.-Because of poor collections the Owensboro Bank & Trust Company and the Daviess County Bank and Trust Company are declining to receive deposits and have suspended cash payments pending reorganization,
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Suspends for Reorganization. Owensboro, Ky., April 24.-The Owensboro Savings Bank and Trust company and the Davies County Bank and Trust company are declining to receive deposits and have suspended cash payments pending a proposed re organization of both institutions. The former has deposits of over. a million and the latter $600,000.
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NAMED RECEIVER. To Take Charge of Wrecked Bank in Owensboro. Owesnboro, April 27.-Despite the protests of James H. Parrish, president of the Owensboro Savings Bank and Trust Company, Circuit Judge T. F. Birkhead named T. A. Pedley, manager of the Owensboro Clearing house Association, as receiver for the bank. Mr. Pedley qualified by executing bond in the sum of $200,000, and the bank, with a capital stock of $200,000 and deposits of over $1,000,000, which suspended payment last Monday, is now in his hands. The report of the Owensboro Clearing-house Assoociation shows the other banks of Owensboro to be in excellent condition and the action of the two banks suspending payment has not to any extent injured local business conditions. It is believed that the Daviess County Bank and Trust Compeny will resume payments in a few days.
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ASSIGNEE TAKES CHARGE Owensboro, Ky., April 29.-The Davies County Bank and Trust company, which declined deposits and suspended payments several days ago, was today taken in charge by Assignee Henry Cline The bank had a capital of $50,000 and deposits of over $600,000. The assignment followed that of the Owensboro Savings Bank and Trust company, which had a capital of $600,000 and deposits of over $1,000,000.
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FILES GENERAL ASSIGNMENT. Davies County and Trust Company, of Owensboro, Ky., Fails. Owensboro, Ky., April 29.-The Davies County and Trust Company, which declined deposits and suspended cash payments several days ago, last night filed a deed of general assignment. The bank has a capital of $50,000 and deposits of over $600,000. The assignment followed the assignment of the Owensboro Savings Bank and Trust Company.
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BANK MAKES AN ASSIGNMENT Suspension of Payment Followed by Liquidation. Owensboro, Ky., April 29.-The Davies County Bank and Trust company, which declined deposits and suspended cash payments several days ago, last night filed a deed of general assignment. The bank has a capital of $50,000 and deposits of over $600,000. The assignment followed the assignment of the Owensboro Savings Bank and Trust company.
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Kentucky Bank Closed. Owensboro, Ky., April 29.-The Davies County Bank and Trust company, which declined deposits and suspended payments several days ago, was today taken in charge by Assignee Henry Cline. The bank has a capital of $50, 000 and deposits of over $600,000. The assignment followed that of the Owens. boro Savings Bank and Trust company, which had a capital of $600,000 and deposits of over $1,000,000.
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Files Deed of General Assignment. Owensboro, Ky., April 29.-Davies County Trust company, which declined deposits and which suspended cash payments several days ago, last night filed a deed of general assignment. The bank has a capital of $50,000, deposits over $600,000. The assignment followed the assignment of the Owenboro Savings Bank and Trust company.
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ASSIGNEE TAKES CHARGE OF BANK Associated Press. Owensboro, Ky., April 29.-The Davies County Bank & Trust Co., which declined deposits and suspended payments several days ago, was today taken in charge by Assignee Henry Cline. The bank has capital of $50,000 and deposits over $600,000. The assignment followed that of the Owensboro Savings Bank & Trust Co., which had capital of $600.000 and deposits of over $1,000,000.
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Reorganize Two Banks. Owensboro, Ky., Apr. 25.-The Owensboro Savings Bank and Trust Company, one of the oldest institutions in Kentucky, and the Daviess County Bank and Trust Company are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions.
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Receiver in Charge of Bank By Associated Press. OWENSBORO, Ky., April 29.-The Davies County Bank and Trust company, which declined deposits and suspended payments several days ago, was today taken in charge of by Assignee Henry Cline. The bank has a capital stock of $50,000 and deposits of over $600,000.
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TAKES CHARGE OF BANK. Suspended Institution Passes Into Hands of Assignee. Owensboro, Ky., April 29.-The Davies County Bank & Trust company, which declined deposits and suspended payments several days ago, was today taken in charge by Assignee Henry Cline. The bank has a capital stock of $50,000 and deposits of over $600,000. Its assignment followed that of, the Owensboro Savings Bank & Trust company, which had a capital stock of $600,000 and deposits of over $1,000,000.
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Kentucky Bank Assigns. Owensboro, Ky., Apr. 30. - The Davies County Bank and Trust Company, which declined deposits and suspended cash payments several days ago, filed a deed of general assignment in the Davies county court, naming Henry Cline as assignee. Mr. Cline took charge of the bank's affairs Wednesday.
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OWENSBORO BANK SCANDAL MAY GET SOMEONE IN BAD Owensboro, Ky., May 18.-It is predicted that arrests will be made as the result of failures of the Owensboro Savings Trust company and the Daviess County bank. The receivers' report, it is said, shows nearly $300,000 worth of paper was signed by the Parrish family and busi ness allies. Only $96 were found in the savings vaults.
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ONLY $96.00 CASH FOUND IN VAULTS Of Defunct Owensboro Savings Bank. MOST OF PAPER WORTHLESS It is Predicted that Several Arrests Will Take Place This Week. Owensboro, Ky., May 18.-It is now freely predicted in Owensboro, not only by those who have lost money by the failures of the Owensboro Savings Bank and Trust Company and the Daviess County Bank, but by business men not personally® interested, that arrests will be made as a result of the failures by the middle of this week. Several depositors of the two institutions have consulted with Commonwealth's Attorney Ringo and County Attorney Finn with a view of taking out warrants. The report of Receiver Pedley, of the Owensboro Savings Bank, will reveal a condition of affairs by the side of which the irregularities of the Daviess County Bank will pale into insignificance. In the vaults of the savings bank there is between $260,000 and $300,000 of personal paper of members of the Parrish family and paper of their immediate business allies. All of these notes, ais well as a great deal of paper of persons and concerns other that the Parrish interests, are regarded as practically worthless. Some of it is so old and worn that it is falling to pieces. The only paper of value not rediscounted before the failure is a number of small land notes. Only $96 was found in the vault when the receiver took charge. In theDaviess County Bank over $100,000 of Anderson paper is considered practically worthless.
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The Owensboro Savings Bank and Trust Company and the Daviess County Bank and Trust Company, both of Owensboro, Ky., are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions.
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The Owensboro Savings Bank and Trust Company and the Daviess County Bank and Trust Company, both of Owensbore, Ky., are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions.
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The Owensboro Savings Bank and Trust Company and the Daviess County Bank and Trust Company, both of Owensboro, Ky., are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institut one,
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It CRIMINAL PROSEn is CUTION BEGUN. g S Parrish and Anderson Arrese ted at Owensboro. d a Revelations of Receivers Cause d S Issue of Warrants and are Held under $15,000 Bonds. 11 d Owensboro, Ky., May' 18.-James H. Parrish. president of the Owensboro Saving Bank and Trust Company and T.S. Anderson. president of the Daviess County Bank and Trust Company, were both arrested yesterday as a result of the disclosures following the recent failures of the two institutions. Both men waived examination and were held under bonds of $15,000 each to await the action of the grand jury. Thirty-one years ago James H. Parrish began work as a clerk in the bank owned at that time by T. S. Anderson. He learned the banking business from Mr. Anderson. His advancement was rapid. In 1884 he purchased the bank from Mr. Anderson. The latter moved to Detroit, Mich., and opened a bank. The rise of James H. Parrish in the financial world was phenominal. A few months ago his bank had a capital stock of $200,000 and deposits of over $1,000,000. Mr. Anderson quit the banking business in Detroit a few years ago and returned to Owensboro and opened another bank. He. too, a few weeks ago, had deposits of $640,000. To-night, James H. Parrish,president and largest stockholder of the Owensboro Savings Bank and Trust Company, and T. S. Anderson,president of the Daviess County Bank and Trust Company, the teacher and the pupil, are both under bond of $15,000 to appear before the August Daviess county grand jury. Anderson was arrested on two warrants. One charges him with fraudulently converting to his own use $20,000 of the funds of the bank. The other warrant charges him with receiving deposits when he knew his bank to be insolvent. Párrish was also arrested on two warrants, both charging him with receiving deposits when he knew his bank to be insolvent. The arrest of Parrish and Anderson did not come as a surprise to the citizens of Owensboro. However, it created one of the most profound sensations in the history of the county. On April 24, a motion was made for a receiver for the savings bank. T. A.
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The Owensboro Savings Bank and Trist Company and the Daviess County Bank and Trust Company, both of Owensbore. Ky., are declining to receive deposits and have suspended cash payments pending a proposed reorganization of both institutions.