1.
May 16, 1904
Alexandria Gazette
Alexandria, VA
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TELEGRAPHIC BREVITIES The First National Bank of Macon, Georgia, has suspended. One hundred and eighty thousand persons visited the St. Louis Exposition last week. Last night burglars blew open the safe in W. J. Hillary's grocery store at Cumberland, Maryland, and secured over $700 and a number of valuable papers. Albert Harris, a miner, 28 years old, was instantly killed by a fall of coal this morning at Cumberland, Maryland, making the third fatal accident in the Harris family within six weeks. The voting of the western Kentucky miners at Louisville, on the question of accepting a reduction of wages, was ded Sunday. There is no doubt but that the result will be in favor of the eperators' terms. Thirty-five hundred persons witnessed the close of the International Y.M.C. A. convention at Buffalo, N. Y., last night. The end was marked by the singing of "Blest be the tie that binds", in which the vast assemblage participated. The second trial of Mrs. Kate J. Taylor, who was a year ago sentenced at Monticello, Sullivan county, N. Y., to be electrocuted for the murder of her husband, Lafavel e Taylor, will begin next Monday at Monticello. While serving a warrant near Spartanburg, Ga., on Saturday, Magistrate Cox was killed by twonegroes. The negroes were arrested yesterday, and as the feeling of the people against them was very strong they were removed to Columbia for safe keeping. William J. Patterson pleaded guilty to murder in the second degree in the Supreme Court at Ballston, N. Y., today and was sentenced to life imprisonment by Jusilce John M. Kellogg. Patterson murderd twelve-year-old Elmer Robert in Waterford by crushing his head with a stone. Howard Dickings, aged 60, who for years had been janitor for the Dekalb street school, Bridgeport, Conn., was committed to jail at Norristown, Pa., for criminally assaulting Florence Beecroft, a 12 year-old-girl. His gift of a bicycle to keep her from telling her parents, led to the revelations of his misdoings in the basement of the school. The Standard Oil Company, of New Jersey, has declared a quarterly dividend of eight dollars per share, payable June 15th, as compared with a dividend of seven dollars for same dividend the declared period last today year. the company Including has the declared twenty-four dollars in dividends on each share this year.
2.
May 17, 1904
The Montgomery Advertiser
Montgomery, AL
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The Comptroller:Advised. Washington, May 16.-The Comptroller of the Currency has been advised by National Bank Examiner W. E. Albertsen that the First National Bank of Macon, Ga., closed its doors this morning by order of the Board of Directors. The failure of the bank, the Examiner states, is due to a heavy loss sustained by the suspension of I. C. Plant & Son, a private bank, of which the President of the First National Bank is also President. Examiner Albertsen has been appointed receiver. The resources and liabilities of the bank, as shown by the last report of condition, March 22. 1904, were as follows: Resources-Loans and discounts, $587,925 overdrafts, $13,640; United States bonds, $240,000; stock, securities, etc., and premiums, $51,304; cash and cash items, $164,635. Liabilities-Capital, $200,000; surplus and undivided profits. $65,574; circulation, $200,000; due to banks and bankers, $56,186; deposits, $525,470; rediscounts, $122,075.
3.
May 17, 1904
The Birmingham Age-Herald
Birmingham, AL
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Receiver Is Appointed. Washington, May 16. - The comptroller of the currency has been advised by National Bank Examiner W. E. Albertsen that the First National Bank of Macon, Ga., closed its doors this morning by order of the board of directors. The failure of the bank, the examiner states, is due to a heavy loss sustained by the suspension of I. C. Plant's Son, a private bank of which the president of the First National bank is also presi ted Examiner Albertsen has been a receiver. The resources and liabilities of the bank as shown by the last report of condition, March 28, 1901, were as follows: Resources-Loans and discounts, $587.925; over-draft, $13,640; United States bonds, $240,000; stock, securities, etc., and premiums, $51,304; cash and cash items, $164,635. Liabilities-Capital, $200,000; surplus and undivided profits, $65,574; circulation, $200,000; due to banks and bankers, $56,186; deposits, $525,470; re-discounts, $122,075.
4.
May 17, 1904
The Brunswick Daily News
Brunswick, GA
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A BIG SURPRISE IN CENTRAL CITY I. C. Plant and First National Closed Doors Yesterday FIRMS MANY EFFECTED Judge Speer Has Already Appointed a Receiver for Plant's Bank-First National May be Solvent, But Closed to Prevent Rush. Macon, Ga., May 16.-A financial sensation was caused in this city today by the failure of two banks, the I. C. Plant Sons' bank and the First Nation al Bank of Macon. The first named institution did not open its doors at all, but simply posted a notice announcing that it would not be open for business. The First Na tional opened at the usual hour, but an hour later It closed, also putting a notice that it would b closed until the arrival of the bank examiner. R. H. Plant, who is president of both the banks, refused to give out a state ment and says nothing officially will be given out until the arrival of the bank examiner. Judge Speer this afternoon appoint ed N. B. Corbin, president of the Macon Grocery Company, receiver for the I C. Plant's bank. it is understood that the failure OI the First National, as well as the Plant's bank, will effect a number O. business concerns in Macon, among them the Acme Brewing Company, It also stated that the Central of Geor 154 I-Groad carried a large deposit in the First National. The First National is said to be solvent, and closed its alcors today only to preve a big run after the failure or the thit's bank. The ouncement caused a complet sensation in Macon, and came as a surprise, THE 1. C. Piant Sons Bank was : pri ale. institution, founded in 1843, and. has never been incorporated. It was founded by R. H. Plant, The president of the two banks, R. H. Plant, is interested in a number of business concerns in this city, and it is believed that many of them will be effected by the failures. It is not thought, however, that any of the other Mscon banks will be effected.
5.
May 17, 1904
Evening Journal
Wilmington, DE
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The World's News WASHINGTON. The United States Supreme Court sustained the action of the New York immigration authorities in ordering the deportation of the Englishman, Turner, alleged to be an Anarchist. The opinion upholds the Federal law excluding Anarchists. The United States Supreme Court held that a telegraph operator for a railroad company and a fireman on a railroad engine are fellow-servants. There was a dissenting opinion. The inreads upon the treasury owing principally to Panama Canal disbursements caused a decrease in the available cash balance since May 1 from $219,091,651 to $174,361,378. POLITICAL. The deadlock over the nomination for Governor in the Illinois Republican Convention is still unbroken. Roosevelt leaders oppose the renomination of Yates. Hearst lost in the preliminary organization of the California State Convention. Republican leaders have urged the selection of Secretary Contelyou as Chairman of the National Committee. Colonel James M. Guffey is not a candidate for Democratic National Chairman. The Hanna faction will control the Ohio Republican Convention to be held toJay. FOREIGN. Rebels in Northern Nigeria were completely crushed by a British force, which, however, had thirteen officers killed. Austria gave permission for nine American warships to enter the ports of Trieste and Flume. Lord Curzon, Viceroy of India, had a great reception on his arrival in London. Owing to the bitterness of the partisans of rival candidates for President, and the demand for the resignation of army chiefs, Colombia is threatened with an outbreak. The Tibetans at Gyantse received heavy ordnance from Lassa and reinforcements of troops for a renewed attack on the British camp. SPORTING. Athletics beat St. Louis in the first game of the series 5 to 4. Phillies-St. Louis game prevented by rain. Lansdowne Country Club women defeated Belfield County Club players in an interclub tennis match three games to two. Hurst Park, a Kingston colt, captured another handicap event at Morris Park. The Guardsman won an exciting race at Louisville ran away and threw his jockey, breaking the latter's leg. Naval Board of the Schuylkill Navy announced the programs for the People's and Navy Day regatta, adopted a new rule and decided to petition the Park Commissioners to better police the Schuylkill river. MISCELLANEOUS. In his inaugural address, Governor Blanchard pledged Louisiana to protect the negro. The body of Leonidas Hubbard, who perished in the interior of Labrador last October while on an exploring expedition, is expected to arrive at St. John's, N. F., today. The First National Bank, of Macon, Cha., closed, following the suspension of I. C. Plant's Sons' private bank. Robert H. Plant was President of both Institutions. Dr. William E. Woodend, the New York bankrupt broker, may escape arrest upon any civil process. By an omission on the part of Congress no appropriation was made for forty clerks in the Steam Engineering Department of the Brooklyn Navy Yard. They will be laid off July 1.
6.
May 17, 1904
The Savannah Morning News
Savannah, GA
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# THE BANK EXAMINER
# REPORTS ITS FAILURE.
Washington, May 16.- The Controller
of the Currency has been advised by
National Bank Examiner W. F. Albert-
sen that the First National Bank, Ma-
con, Ga., closed its doors this morn-
ing by order of the board of directors.
The failure of the bank, the examiner
states, is due to a heavy loss sustain-
ed by the suspension of I. C. Plant's
Son, a private bank, of which the
president of the First National Bank
was also president. Examiner Albert-
sen has been appointed receiver.
The resources and liabilities of the
bank as shown by the last report of
condition, March 28, 1904, were as fol-
lows:
Resources: Loans and discounts,
$587,925; overdrafts, $1,364; United
States bonds, $240,000; stocks, securi-
ties, etc., and premium, $51,776; real es-
tate, $38,500; due from banks and
bankers, $85,304; cash and cash items,
$164,635.
Liabilities: Capital, $200,000; surplus
and undivided profits, $65,574; circula-
tion, $200,000; due to banks and bank-
ers, $56,186; deposits, $525,670. Re-dis-
counts, $122,075.
7.
May 20, 1904
The Herald and News
Newberry, SC
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GENFRAL NEWS NOTES. Items of More or Less Interest Condensed Outside the State. Admiral Johnson. commander of the Boston. navy yard. will soon be retired on account of age. Newton C. Blanchard was inaugurated on Monday as governor of Louisiana. In his inaugural address he touched on the subjects of lynchings, saying they would not be permitted under any circumstances if It was possible for the military, under the command of the governor. to prevent it. The Moros. who attacked a detachment of American troops in the Philippine islands on May 8. killing two officers and a number of men. may be severely punished by Major General Leonard Wood. who is marching on the band with a force of 450 officers and men. The plant of the Augusta Evening Herald was completely destroyed by fire on Monday night. The Herald's complete outfit of linotypes. presses: etc., was destroyed. The Herald will b issued from the Chronicle's office until a new plant can be obtained. In a recent primary in Florida two tickets for the national democratic convention were put in the field-a Hearst ticket and a ticket in the interest of no particular candidate. Three of the Hearst men were elected and six of the others. The First National bank. of Macon, Ga.. has closed its doors. by order of the board of directors. The suspension of the bank. it is stated. is due to the suspension of a private bank. of which the president of the First National bank was also president. Charles F. Pircher. of Choctow Bluff. Clarke county. Ala., was indicted in the United States court on Monday on eight charges. including forging a proposal to carry the mails, forging securities and bonds. forging checks. embezzleing etc. There are 32 counts in one indictment. If given the extreme penalty Pircher would get an aggregate sentence of about 180 years and be fined about $60,000. In default of a bail of $4,000 he was sent to the jail.
8.
May 22, 1904
The Wichita Daily Eagle
Wichita, KS
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HE KILLED HIMSELF. President of a Failed Bank Ends His Existence. Macon, Ga., May 21.-R. H. Plant, presIdent of the I. C. Plant & Sons' bank and the First National bank, which were closed here Monday, killed himself late this afternoon. He had been confined to his home by illness for several days. Unnoticed, he slipped away from his nurse, secured a revolver and shot himself through the head. Fifteen minutes later the nurse found the capitalist dead, with a pistol in his hand. Mr. Plant leaves a widow and nine children. The Plant banking institutions were the oldest in Macon. The receiver of the private bank has reported a shortage of more than $844,000. The national examiner has not yet reported on the First National. Mr. Plant had life insurance for more than $1,000,000. of which about $800,000 was for the benefit of creditors.
9.
May 22, 1904
The Washington Times
Washington, DC
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MACON BANK MAY RESUME IF CORPORATIONS PAY UP The Comptroller of the Currency has received a letter from National Bank Examiner Albertson, temporary receiver of the First National Bank of Macon, Ga., which closed its doors on May 16, stating he cannot at this time state definitely whether the bank will be able to resume business or not. Its ability to do so, he said, will depend upon whether certain corporations which were closely identified with the failure of I. C. Plant & Sons, can meet their liability to the bank. The examiner says his time has been so fully taken up since the suspension in protecting the bank's interests in various matters that he has been unable to complete his receiver's report, but expects to do so within a week.
10.
May 23, 1904
The Daily Palladium
Richmond, IN
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Macon Banker's Suicide. Macon, Ga., May 23.-Robert - H. Plant, president of the First National bank. and owner of the I. C. Plant's Son bank, both placed in the hands of a receiver last week, committed suicide.
11.
May 24, 1904
The Birmingham Age-Herald
Birmingham, AL
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SOUTHERN SUES BANK. Washington, May 23.-The Southern railway today entered suit in the district supreme court against the First National Bank of Macon. Ga., for $22,957, which was on deposit with the bank when it went into the hands of a receiver. The railroad company alleges that the bank owns 100,000 gallons of cotton seed oil now in this city.
12.
May 24, 1904
Wausau Pilot
Wausau, WI
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Two Banks Close Doors. The I. C. Plant Sons' bank, in Macon, Ga., failed to open its doors Monday. The First National Bank opened at 9 o'clock, but later closed, posting a notice that it would not open the next day, pending the arrival of a bank examiner. No official statement of the bank's condition has been given out. It is reported the action taken by the First National was from an apprehension of a run following the closing of the other institution.
13.
May 25, 1904
The Dawson News
Dawson, GA
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ACCOUNTANTS AT WORK. Depositors Await Report on Condition of Suspended Banks at Macon. The excitement, caused by the suspension of the First National and the private bank of I. C. Plant's Sons, it Macon, G2. is subsiding, and the people are patiently awaiting the report or the condition of affairs of the in. stitutions. It will be several days be 10.e the report will be ready.
14.
May 26, 1904
The Savannah Morning News
Savannah, GA
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FIRST NATIONAL REPORT UNAVOIDABLY DELAYED. Receiver Albertson Says Its Affairs Need Careful Investigation. By R. M. Larner. Washington, May 25.-The controller of the currency received a brief communication to-day from Bank Examiner Albertson, who is receiver of the First National Bank at Macon, in which it is stated that the affairs of the bank are in such condition that it will be several days before he can get at the facts sufficiently to make his report, and at his suggestion Robert Lyon, an expert in the handling of receivers' books, has been sent to Macon to assist him in order that the work may be expedited. The controller hopes to have a report the latter of this week or the first of next week.
15.
May 26, 1904
River Falls Journal
River Falls, WI
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KILLS SELF TO PAY DEBTS HEAD OF TWO DEFUNCT BANKS COMMITS SUICIDE. Shortage of $800,000 Can Be Made Good When Insurance Policies on Life Are Collected. Macon, Ga., May 23.-Realizing that he was financially wrecked and that he would be worth more to his creditors as a corpse than while living, R. H. Plant, once a millionaire banker, arose from a sick bed, put on his bathrobe and slippers, and asked his nurse to assist him to the bathroom. Then, passing through the bathroom, he went to the back porch and sent a pistol ball through his head Saturday afternoon. He died without a word. Nothing by way of explanation was found. He carried $800,000 life insurance. Of this $50,000 was incumbered to secure debts. Besides this he carried $250,000 in favor of his wife. He told a friend five years ago that he had $1,000,000 secured to his wife and children so that they would get it no matter what business reverses overtook him. Those who knew him intimately say they are satisfied that when the receiver for his two banks published a day or two ago that his net liabilities were $800,000, the figures became so fixed in his mind and he realized that the only way for him to pay his debts was by suicide. His total liabilities are upwards of $2,000,000. He was pro-' prietor of the I. C. Plant's Sons' private bank, which, was established here half a century ago, and he was president of the First national bank. He asserted that he had not known his distressing financial predicament until a bank examiner reached here last Saturday and demanded $100,000 represented by a due bill held against R. H. Plant in the national bank. When $100,000 was taken out of the private bank it exhausted the funds of the latter. When notified of this in his sick room on Sunday he ordered the private bank closed. A run on the national bank was started and the directors closed it early Monday morning. Mr. Plant was the general agent of the New York Life Insurance company for years. He secured investments of life insurance money paid by the company to beneficiaries of policies. Therefore hundreds of widows and orphans were heavy losers by his failure. He said after the failure that it was on this account that his misfortune wrung his heart.
16.
June 1, 1904
Edgefield Advertiser
Edgefield, SC
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Mortgage Sale of Lumber. Macon, Ga., Special.-In the United States Court a consent order was passed, under which the receiver of the Red Cypress Lumber Company may sell over three million feet of lumber at the company's plant upon which a lien is claimed by Receiver Albertson, of the First National Bank, under a mortgage executed by the lumber company to tue I. C. Plant's Son Bank for an aggregate of $114,000, to secure loans made by them to the company, which mortgage was transferred to the First National Bank. It is provided in the order that all of the funds arising from the sale of such lumber, or any part of. the same, shall be deposited and held as a separate fund subject to the lien.
17.
June 15, 1904
The Abbeville Press and Banner
Abbeville, SC
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BANKER SACRIFICES LIFE R. H. Plant Kills Himself That Insurance May Be Available. SAVES DEPOSITORS $800,000 Southern Financier Atones Through Death For Crash of Two Banks of Which He Was Head-Revolver Ends His Troubles-Had $1,015,000 Insurance, Which is Incontestable. Macon. Ga.-A tragic sequel to the crash of the private bank of I. C. Plant's Sons and the First National Bank came, when R. H. Plant, the head of both institutions. committed suicide. thereby making available over $1,000,000 life insurance for payment on liabilities of about $800,000 of the two banking institutions. That Mr. Plant deliberately sacrificed his life that the creditors should not suffer is believed by his most intimate friends and by banking and insurance men who knew him here. During the last twenty-five years Mr. Plant had accumulated life insurance amounting to $1,015,888, on which he was paying an annual premium of about $43,000. As a result of his death the indications are that the creditors of the two banks will not lose a single penny. Many of the creditors are working people. whose deposits represented years of self-denial and saving. At least $800,000 of Mr. Plant's life insurance is now made payable to his estate. and this amount, it is estimated, will fully cover his liabilities. Mr. Plant had been ill for two months past. When the banks collapsed ugly charges were circulated and much indignation expressed because he failed to make any statements as to the cause. During his illness, especially since the failure of his institutions, he had been closely watched at his home in College street here by his family and nurses, for fear he would commit some rash act. He told his nurse he wished to lie down. Twenty minutes later he asked to be assisted to the bath-room. While there he sent the nurse for a glass of milk. In her absence he secured his revolver from his room, returned to the bathroom and stepped out a small doorway leading to a porch in the rear of his home. There he placed the weapon to his head and fired. The nurse, returning with the glass of milk, heard the shot, dashed into the bathroom and out on the porch, where she found the capitalist dead, the smoking revolver still clenched in his hand. The bullet had passed through the right temple and out of the left, flattening itself upon the house wall. Death was probably instantaneous. The Coroner was at once summoned, and upon the testimony of the nurse and of a physician a verdict of death by his own hands was rendered. Mr. Plant leaves a widow and nine children. Wallace E. McCaw, President of the McCaw Manufacturing Company, and Mr. Felton Hatcher, a prominent attorney. are sons-in-law., The Plant banking institutions are the oldest in the city. The receiver of the private institution has reported a deficit of over $844,000. The National Bank Examiner has as yet made no report as to the First National's affairs. Mr. Plant, in addition to being identifled with various manufacturing enterprises, and formerly largely engaged with the New York Life Insurance Company. was known throughout the trotting world, and his horses for years have raced in the grand circuit. He owned Grattan Boy. Dulce Cor, Miss Willamont and other well-known horses. George H. Plant, Vice-President of the First National, is a brother.
18.
July 22, 1904
The Montgomery Advertiser
Montgomery, AL
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Creditors Will Get Their Money. Macon, Ga., July 21.-Receiver W. T. Albertson, who has been in charge of the First National Bank since its failure on May 16 today turned over the affairs of the defunct institution to Walter J. Butler, an attorney from Springfield. The receiver on retiring says that there is nothing in the situation to change his first announcement that the bank will pay its creditors in full.
19.
July 22, 1904
The Herald and News
Newberry, SC
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# GENERAL NEWS NOTES.
Items of More or Less Interest Condensed Outside of The State.
Frank Satterwhite, a farmer of Princess Anne County, Va., crazed by jealousy, attacked his wife with a monkey wrench on Friday night and battered her skull into a pulp. He then fled, carrying his two-year-old child with him and finally throwing it into a neighbor's yard.
Sampson Flournoy, a negro, fired with a shot gan on four fishermen, all white, at Alexander, near Waynesboro, Ga., on Saturday afternoon, killing two of them and mortally wounding a third. The negro had had a quarrel over a trivial matter with one of the party. He escaped and blood-hounds were put on his track.
Jack O'Brien and Bob Fitzsimmons fought a fast six-round bout in Philadelphia on Saturday. When the gong announced the close both men were on their feet, but were very badly burised.
August 10 has been fixed as the date for the formal notification to Judge Parker of his nomination for the presidency. The ceremony will take place at Judge Parker's home at Esopus and, following the desire of Mr. Parker, will be simple and brief.
The notification of Henry G. Davis, of West Virginia, of his nomination by the democrats for the vice-presidency will take place at White Sulphur Springs, W. Va., about the middle of August. Mr. Davis is now at Bedford Springs, Pa., for a rest and says that as this is the only opportunity he will have he does not intend to talk or think politics during his sojourn there. He will go to his home at Elkins, W. Va., on Thursday.
Senator Gorman, while he declines to be considered for the chairmanship of the national democratic committee, says, however, that he will be glad to render all the service in his power to those who may be selected to take charge of the campaign, which he fully believes will be crowned with success.
Gorman and Sheehan have both positively stated that they decline to be considered for the chairmanship of the democratic national committee and the choice will in all probability fall upon Thomas T. Taggart.
The Missouri democratic convention nominated Joseph W. Folk, of St. Louis, for governor, on a platform standing for the stamping out of boodling and of bribery of officials.
A number of indictments were found against members of the mob which made an attempt to lynch a negro in Danville, Va., on last Wednesday, and several fines have been imposed, while many have been released on bond and will be brought to trial this week.
The case of Senator Joseph R. Burton, convicted in St. Louis of accepting a fee for services before the post-office department while a member of the United States senate, will be reviewed by the United States supreme court, probably in the fall.
The First National bank, of Macon, Ga., which failed some time ago, and whose president, Mr. Plant, committed suicide in order that his creditors might get the full benefit of his life insurance, will pay its creditors in full, it has been definitely announced by the receiver into whose hands the institution was placed.
It is reported from London that during a discussion of South African affairs in the house of commons Joseph Chamberlain, who was defending the introduction of Chinese labor in the Transvaal, contended that white laborers would not work side by side with black laborers
20.
July 22, 1904
The Times Dispatch
Richmond, VA
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Receiver Retires. (By Associated Press.) MACON, GA., July 21.-Receiver W. T. Albertson. who has been in charge of the first National Bank since its failure on May 16th. to-day turned over the affair's of the defunct institution into the hands of Walter J. Butler, an attorney, who arrived here from Springfield, Ohio. The receiver, on reiring, says that there is nothing in the situation to change his first announcement that the bank would pay its creditors in full. Another dlvidend, It is said, will be made in a short time,
21.
July 27, 1904
The Savannah Morning News
Savannah, GA
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PLANT CLAIMS SOLD FOR THIRTY CENTS. Several Savannahians Attended Meeting of Creditors in Macon. Macon, July 26.-Claims on the estate of R. H. Plant were sold in Macon to-day at 30 cents. There is much speculation as to what will be the basis of the final settlement. Estimates range from 20 cents to 85. There is now pending a deal which may cause the dividends to go higher, it is said by as much as 10 or 12 cents. Receiver Corbin proposed at a, meeting of interested parties and their attorneys, a plan for reconciling the conflicting interest of the Red Cypress Lumber Company, the First National Bank and the Plant estate creditors. No agreement was reached, and the matter was referred to a committee. Among those at the meeting were Capt. John Flannery, president of the Southern Bank of the State of Georgia, Savannah: Henry Blun, president of the Germania Bank, Savannah: Attorney Gait, Nashville, representing Western claims; W. W. Gordon, Savannah, and W. L. Butler, receiver of the First National Bank, Macon.
22.
September 29, 1904
The Birmingham Age-Herald
Birmingham, AL
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WILL STAND FIRM. Is Instructed to Demand $200,000 From Stockholdes of Macon Bank. Macon, Ga., Spte mber 28.-Receiver W. J. Butler of th F1 rst National bank received today irtru ctions from Comptroller Ridgely at Wasshington directing him to stand firm S to his demand on the stockholders of the bank for $200,000, the amount for which it is claimed they are liable under the national bank law. The instructions came in reply to an inquiry from the receiver as to what course to follow in view of the fact that several stockholders are resisting the assessment OI the ground that It is too high.
23.
October 14, 1904
The Lee County Journal
Leesburg, GA
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Ordered to Stand Firm. A few days ago Receiver W. J. Butler, of the First National Bank at Macon, received instructions from Comptroller Ridgely, at Washington, directing him to stand firm as to his demand on the stockholders of the bank for $200,000, the amount for which it is claimed they are liable under the national bank law. The instructions came in reply to an inquiry from the receiver as to what course to follow, in view of the fact that several stockholders are regsisting the assessment, on the ground that it is too high.
24.
June 13, 1908
The Brunswick News
Brunswick, GA
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HILLYER MADE A GOOD REPORT CALLED ATTENTION TO PROSPER OUS CONDITION OF BANKS IN GEORGIA. Secretary L. P. Hillyer, of the Georgia Bankers' Association, made the following interesting report at the meeting here Thursday: Mr. President and Gentlemen of the Georgia Bankers' Association: It gives me much pleasure to report to you that our association is flourishing in spite of the late depression, and that our membership is larger than ever. The recent group meetings were largely attended and were very enjoyable as well as beneficial. The panic of 1907. the worst in some particulars this country has ever seen, affected our Georgia banks as lightly, perhaps, as the banks of any state in the union. The state treasurer reports only two failures of state banks in Georgia for the year 1907. Thése fail. ures were the Neal Bank of Atlanta and the Exchange Bank of Macon. The Exchange Bank closed its doors some time before the panic, the Neal Bank was the sole weak spot in our 600 odd banks developed by the panic of 1907. In order that an accurate report might be made, I wrote to the comptroller of the currency at Washington, asking him to give the name of the National Banks which failed in Georgia since June 1st, 1907, as well as the full particulars concerning them. He replied as follows: "Washington, June 6th, 1908. Mr. L. P. Hillyer, secretary Georgia Bankers' Association, Macon, Ga. Sir: In reply to your letter of the 3d instant, you are respectfully informed that there have been no failures of National banks in the state of Georgia subsequent to May 15th, 1904. The First National. Bank of Macon suspended payment on that date, and its affairs were finally closed May 12th, 1906, the claims of creditors having been paid in full wth interest. T. P. Kane, Respectfully, Our record is a magnificent one, and none of us can estimate how much of it is due to the educational and moral influence of this association. Our members frequently, without knowing it, acquire valuable knowledge through social contact, and hints suggested at group meetings and annual conventions often enables us to avoid the treacherous pitfalls of banking. The program committee, of which your secretary is a member, has secured speakers for this convention whose addresses will furnish food for thought, and who will, no doubt, suggest important work for our association to accomplish. I beg of you to give them careful attention. and let us make this the greatest convention 'ever held since our organization. L. P. Hillyer, Respectfully, Secretary.