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APPOINTS RECEIVERS FOR WHIGHAM BANKS Officers Arrested and Released On $2,000 Bond Each. Depositors Charge Crookedness. Valdosta, Ga., March 13.-In a hearing before Judge Thomas in this city today on the question of the appointment of permanent reeeivers for the Bank of Whigham and the State Bank of Whigham, the petition was granted and Dr. J. T. Culpepper of Thomasville, and Mr. W. T. Crawford of Cairo were appointed, with D.S. McNair of Whigham as advisory. Mr. McNair-was formerly connected with the two banks and is supposed to understand their conditions better than other man. Reports indicate that some of the depositors, who will lose heavily by the failure of the two banks are out. spoken in the belief that there has been "crookedness" somewhere. It is claimed that the first blow which® the banks received, and which started them on the down grade, was a debt held against A. D. Oliver, the "Climax Banker," for $14,000. Six thousand dollars of this amount was recovered. As aresult of the agitation against the ofici ils warrants have been sworn out for Cashier E. B. Stopleton, Assistant Cashier J. B. ierce and President O. C. Spence, all of whom have been arrested and are now out under bonds of $2,000 each. Warrants have also been sworn out against the board of directors including President E. M. Smith of the Bank of Thomasville, who was one of the directors of the defunct Bank of Whigham. It is claimed that the State Bank of Whigham was a mere branch of the Bank of Whigham, owning about $13,000 on its. $15,000 eapital stock, The capital stock of the Bank of Whigham was only $25,000. The depositors of the two banks are still trying to find out what became of the money, over $60,000, which is due them. The clain is mude that it will take all of the assets of the banks to satisfy the preferred creditors, who are mostly
