1.
January 21, 1903
The St. Louis Republic
Saint Louis, MO
Click image to open full size in new tab
Article Text
GENERAL DOMESTIC. Motorman Madden was sentenced to imprisonment and fine for causing the death of President Roosevelt's bodyguard at Pittsfield, Mass., last summer. The conductor also pleaded guilty, but his sentence was deferred. George Meyers, a prominent farmer near Keyesport, Ill., sent his wife away to visit relatives and took morphine. When she returned he was dying. By a collision between a work train and snow plow in Washington, nine men are killed and eight or ten badly hurt. S. W. T. Lanham is inaugurated Governor of Texas. The Illinois Retail Clerks' Association demands the Sunday closing of all places of business except drug stores, barber shops and cigar stores. The Governor of Colorado refuses to order out the State militia to compel Democratic Senators to admit Republican contestants. Both houses take the first ballot on United States Senator, Teller being one short of a majority. Trouble may arise at the joint session to-day. The deadlock for election of Senator in the Delaware Legislature seems far from being broken. Democrats and regular Republicans may make terms, but it is yet uncertain. San Francisco physician asserts that electricity and not oxygen is the force which cleanses the blood, his theory. disputing that generally accepted. Nine hundred delegates are attending the National Wage Convention of the United Mine Workers at Indianapolis, which has begun its work by hearing reports from the national officers. A real estate suit in Kansas City, involving the title to millions of dollars' worth of property, all depends upon a woman's age. The suit depends upon whether Mrs. Nancy Priddy, who died in 1892, was of age when she signed property deeds Ruskin College, which Walter Vrooman founded at Trenton, Mo., is to be moved to Glen Ellyn, III., a suburb of Chicago. A plot to deliver the jail at Owensboro, Ky., was discovered by the jailer, who frustrated the plan. Apostle Reed Smoot of the Mormon Church is elected to the United States Senate in spite of protests, and the Ministerial Association will carry its fight against him to Congress. The authorities of Mississippi County are bending every energy to solve the mystery which surrounds the murder of J. W. Bowser, a wealthy sawmill man, who was assassinated while reading in his home at Anniston The Bank of Little Rock closes its doors because of the failure of a large cotton firm in which the bank was largely interested. Payment on deposits is suspended pending investigation of the company's affairs.
2.
January 21, 1903
Richmond Dispatch
Richmond, VA
Click image to open full size in new tab
Article Text
GENERAL. New York Stock market closes weak, Coill, and at lowest 01 ine way WHIST, oats, au provisions au Chicagu minbeceral Denate passes legislauvt, CACCUtive, and Judicial appropriation Die: house passes DISTRICT 01 Columbia oili, and lakes up Pninppine comage measure -DlaLtmen by Congressmall on 11001 of House mei with crs of you ue! moin young woman in nery-Agumnaldo appears LO this country for a loan or day,000,000 and a credit of $80,000,000, for the development and improvement or Phinppine agnculture-mmster Bowen arrives 111 washigton-President Mitchell reads his annual report at Mintre National Conventon-rrank Rice, Tioga, and John Peters the winning favorites at New Orieans-- J. Pupe elected chier justice of the Supreme Court of South Carouna-J. B. Frazier (Dtmo(print), inaugurated Governor of Tennessee-bank or C. N. Flaeger & Co., Jackbonville, Tex. suspends-Bank of Little Rock, Ark., and the Little Rock Trust Company suspend payment temporarily -Julian Rall dies at his home in New York-Southern Lumber Manufacturers' Association meets in New OrleansLieutenant Greenleaf, of Hydrogram Office, dies at Savannah-Kimball and Rose, of Seventh National Bank, New York, plead guilty of over-certifying checksStreet-car men indicted for death of Craig, the President's body-guard, at Pittsfield, Mass., change pleas to guilty; one of them sentenced-The indications are that Teller will be re-elected Senator from Colorado to-day--Delaware, Lackawanna and Western Railroad Company concludes its case before the Coal Strike Commission, and Temple Iron Company begins presentation of its side-German cruiser Vineta said to have been ordered to Maracalbo--Sentiment among Southerners in Washington regarding the proposal of a statue of Lee for Statuary Hall, Washington, is that it should be first definitely ascertained that the statue would be accepted-Two thousand people attend funeral of N. G. GonzalesCongressman Lester, of New York. charges that he has been approached with a bribe-Hearing of base-ball injunction cases at Philadelphia postponed until Friday-Reed Smoot. W. J. Stone. and R. A. Alger elected United States Senators: C. W Fairbanks Boise Penrose. T. C. Platt and Orville H. Platt re-electedRev. A. S. Llovd D. D.. of Virginia, elected Bishop of Mississippl-Voling on Senatorship begins in Delaware-S. W. T Lanham inaugurated as Governor of Texas --Executive Council of Federation of Labor decides to prosecute active campaign in behalf of anti-child-labor laws American residents of Isle of Pines cline to pay taxes to Citha-Cantain Marmaduke, late commander of Colombian guinboat Bogota. arrives at New York-New York Supreme Court declares special franchise tax law unconstitutional.
3.
January 21, 1903
The Indianapolis Journal
Indianapolis, IN
Click image to open full size in new tab
Article Text
Philadelphia; Raphael R. Govin, George E. Adams, H. B. Hollins, Charles Steele and Oakleigh Thorne, of New York. The appellate division of the New York Supreme Court, third department has handed down a decision declaring a special franchise tax law unconstitutional. The main point upon which the law is declared unconstitutional is that it violates the home rule principle of the Constitution in giving the State tax commissioners power to assess local franchises, taking that power from the local tax boards. The case will be carried by the State to the Court of Appeals. The United Lead Company, with an authorized capital of $15,100,000, was incorporated at Trenton, N. J., on Tuesday. The company is to manufacture lead in commercial and medicinal forms and to manufacture charcoal by a process of constructive distillation, magnesia, carbons, dioxide and pyroligneous acid. The capital stock of the company is divided into $15,000,000 common stock and $100,000 preferred stock with 7 per cent. cumulative dividend. The incorporators are Eugene Treadwell, Herman J. Katz, Ignatius McGlone, all of Hoboken, N. J. Notices posted on the door of the Bank of Little Rock, Ark., Tuesday announced temporary suspension of payment by that institution. The Little Rock Trust Company, which is owned principally by stockholders of the bank, also suspended payment on deposits. It was announced later that the suspension was decided upon pending an investigation of the affairs of the Alpin Lake Cotton Company. According to the best information obtainable the bank of Little Rock is involved on loans to the Alpin Lake Company. A special from Eldorado, Ark., announces the failure of the Alpin Lake Cotton Company. Although a petition for an injunction had been filed and an order of notice had been issued by the court at the request of fourteen shoe manufacturers of Lynn, Mass., against the striking cutters of the Knights of Labor, there was a riot and well-nigh bloodshed when the cutters, supplied by the Boot and Shoe Workers' Union, supplemented by the Boot and Shoe Workers' Union, left the factories Tuesday night. The strikers and their sympathizers twice almost overpowered the police, knocking down three officers and roughly handling others. But the police, under the direction of Mayor Eastman, managed to beat off the rioters, and in addition arrested five men.
4.
January 21, 1903
The Birmingham Age-Herald
Birmingham, AL
Click image to open full size in new tab
Article Text
LITTLE ROCK BANK SUSPENDS. / Payments Held Up Awaiting an Investigation of Cotton Company. Little Rock, Ark., January 20.-Notices posted on the door of the Bank of Little Rock this morning announced temporary suspension of payment by that institution. The Little Rock Trust company, which is owned principally by stockholders of the bank, also suspended payment on deposits. It was announced later that the suspension was decided upon pending an investigation of the affairs of the AlpinLake Cotton company. According to the best information obtainable, the Bank of Little Rock is involved on loans to the Alpin-Lake company.
5.
January 22, 1903
The News & Observer
Raleigh, NC
Click image to open full size in new tab
Article Text
Two Banks Suspend. I (By the Associated Press.) Jacksonville, Texas, Jan. 20.-The Bank of C. N. Flaeger & Company has failed to open its doors. The three members of the firm are said to have left the city. At a meeting of the local depositors, mostly farmers, a committee was appointed to begin bankruptcy proceedings. Until this action is taken the assets and liabilities will not be known. Memphis, Tenn., Jan. 20.-A special to the Scimitar from Little Rock, Ark., says: The Bank of Little Rock and the Little Rock Trust Company have suspended payment temporarily pending an investigation of the affairs of the Alpine Lake Cotton Company, to whom they have made advances.
6.
January 24, 1903
The Grenada Sentinel
Grenada, MS
Click image to open full size in new tab
Article Text
OTHERWISE UNNOTICED. A plot to deliver the jail at Owensboro, Ky., was discovered by the jailer, who frustrated the plan. Ruskin college, which Walter Vrooman founded at Trenton, Mo., is to be moved to Glen Ellyn, III., a suburb of Chicago. By a collision between a work train and a snow plow at Happy Hollow, Wash., nine men were killed and eight or ten badly hurt. The Franciscan Sisters at St. Mary's hospital, in East St. Louis, III., have been succeeded by the Poor Handmaids of Jesus Christ. The Illinois Retail Clerks' association demands the Sunday closing of all places of business except drug stores, barber shops and cigar stores. George Meyers, a prominent farmer near Keyesport, III., sent his wife away to visit relatives and took morphine. When she returned he was dying. The Missouri court of appeals decides that the fellow-servant act, passed by the state legislature, applies to street as well as steam railroads. Patrolman Lynch, of St. Louis, has been suspended on the charge of allowing John McGillicuddy to escape after J. H. Lahmer was killed Monday night. A San Francisco physician asserts that electricity and not oxygen is the force which cleanses the blood, his theory disputing that generally accepted. Motorman Madden was sentenced to imprisonment and fine for causing the death of President Roosevelt's bodyguard at Pittsfield, Mass., last summer. The secretary of the interior has disbarred Francis P. Becker, of St. Louis, and James M. Young, of Batesville, Miss., from practice before that department. The Bank of Little Rock has closed its doors because of the failure of a large cotton firm in which the bank was largely interested. Payment on deposits is suspended. A delegation headed by the mayor of Charleston, S. C., will appear before the senate committee on commerce to protest against the appointment of the negro, Dr. Crum. Aguinaldo's suggestion for the establishment of a Philippine bank, on money to be loaned by the United States, has been submitted to congress by the war department. The deadlock for election of senator in the Delaware legislature seems far from being broken. Democrats and regular republicans may make terms, but it is yet uncertain. Lady Henry Somerset answers critics of the painting "Love and Life," explaining at the same time that the W. C. T. U. is not responsible for the opinions of women who "probably have no discrimination" in art. A real estate suit in Kansas City, involving the title to millions of dollars' worth of property, all depends upon whether Mrs. Nancy Priddy, who died in 1892, was of age when she signed nroperty deeds
7.
January 29, 1903
Mexico Missouri Message
Mexico, MO
Click image to open full size in new tab
Article Text
Senator-Elect Clarke for Receiver. Chancellor Hart Friday appointed Senator-elect James P. Clarke as receiver of the bank of Little Rock, Ark. and the Senator filed his bond of $25,000 and took charge of the bank's affairs. The application for a receiver was made by several depositors.
8.
February 12, 1903
Mexico Missouri Message
Mexico, MO
Click image to open full size in new tab
Article Text
THE NEWS RESUME. Several persons were injured in a TII 18 Four men rob the bank at Waterloo, Neb., and escape under fire with $3,500. First Vice President Valesco of Bolivia was banished for political reasons. The widow of General Franz Gigel month. B 0018 JO pensuon B receive IIIM An Italian doctor announces the discovery of a serum to combat pneumo"BPU Sir Thomas Lipton is negotiating for "I°M em jo чтоц ene JO durchase em ingtons. Charles H. Sherman, an old circus -Aas 180[ pus ервит peq оцм performer, eral fortunes, died at Clinton, Mo. Fifty or more insane women perish in a fire at the Colney Hatch Asylum, England. More than thirty persons are arrested no rier B making JOJ 18" Strattord's 18 a coal train. The Southern Lumber Manufacturers' Convention agreed to raise prices on all lumber. Senator G. G. Vest is elected president of the State Historical Society at Columbia, Mo. Doctor William Lowe Bryan was formally installed as president of Indiana University. 1 Texas em up 11 s! 1119 V islature to create a State Department of Agriculture. The sentence of death against Colonel Arthur Lynch is commuted to imprisonment for life. The United Mine Workers' Convention at Indianapolis completes its labors and adjourns. Fifteen persons are killed and thirty or more are injured in a railroad wreck at Westfield, N. J. John T. Crisp has introduced a bill in the Missouri House to prevent tax County Jackson up The House of Representatives has inaugurated the experiment of holding memorial services on Sunday. George H. Price, formerly of St. Louis, shot and killed his wife and then committed suicide at Enid, Ok. Jerry Kahler is sentenced to five years' imprisonment for connection with St. Louis Post Office Annex robbery. The statehood fight may result in an extra session of the Senate to ratify the Cuban, Colombian and other important treaties. Senator-elect James P. Clarke of Little Rock has been appointed receiver to adjust the affairs of the Bank of Little Rock. Venezuela's sister Republics distrust Germany and think of taking measures to restrict German immigration to South America. Three women are killed and several persons severely injured as the result of a panic in a New York cigar factory caused by a fire. Thomas Jefferson Burgess, a cousin -ng Misson the JO Burness Juntice JO 18 198y 8 up tous SBM Court, preme Kansas City, Mo. The report of the Wage Committee to the United Mine Workers' Convention advocates a raise in wages averaging about 20 per cent. eq ABUI brought against the District Judge at Butte, Mont., who decided the famous Minnie Healy case. John Barrett has been arrested in connection with the assassination of J. W. Bowser, the wealthy sawmill man, near Anniston, Mo. Governor Yates offers John Mitchell a place on the Illinois State Board of account no refused sp # and Arbitation of more urgent duties. Foreign Ministers at Pekin express the belief that China would have no trouble in paying the indemnity were the present extravagant expenditures reduced. Mrs. E. J. North-Dowie, wife of John Murray Dowie, who is the father of Evangelist Dowie, has brought suit for divorce, charging cruelty and inhuman, treatment. W. J. Stone was formally and officially elected to succeed Senator Vest. Senator Stone sent a letter of thanks to the Legislature, in which he outlined Polley. 219 London surgeons attack Doctor LoJO mothod 2118 jo renz: eq7 uj djq treature face of his successful demonstrations in the United States. The Missouri Legislature has requested Governor Dockery to issue a proclamation declaring April Bu, the one JO eq) Jo ejep Fair, to be a legal holiday. Owing to the stand the Circuit Judge of Paducah, Ky., has taken, that the authorities cannot enforce the vaccination laws, the Kentucky Board of and em 01 have ABUI Health county. puw Secretary Hay and the Cuban Minister extend the time limit of the Cuban reciprocity treaty for a considerable pe-
9.
February 13, 1903
The Forrest City Times
Forrest City, AR
Click image to open full size in new tab
Article Text
Bank of Little Rock to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made financial arrangements to reopen the institution. In such an event all depositors and creditors will be paid in full. The Citizens' Bank at Foreman, with a capital of $30,000, has b oen opened for business.
10.
February 14, 1903
The Van Buren Press
Van Buren, AR
Click image to open full size in new tab
Article Text
Bank of Little Rock to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made financial arrangements to reopen the institution. In such an event all deposttors and creditors will be paid in full. The Citizens' Bank at Foreman, with a capital of $30,000, has been opened for business.
11.
February 19, 1903
Woodruff County News
McCrory, AR
Click image to open full size in new tab
Article Text
Bank to Reopen. President Stiewell, of the Bank of Little Rock, which was forced to suspend payment several weeks ago, and of which Senator-Elect Clark is the receiver, announces that he has made fi ancial arrangements to reopen the institution. In such an event all depositors and creditors will be paid in full.
12.
February 27, 1903
The Forrest City Times
Forrest City, AR
Click image to open full size in new tab
Article Text
The Alphin-Lake Cotton Company of Little Rock and El Dorado, has been declared a bankrupt. This is the firm whose transactions caused a big sensation a few weeks ago, and resulted in the Bank of Little Rock suspending payment.
13.
February 27, 1903
Newport Weekly Independent
Newport, AR
Click image to open full size in new tab
Article Text
BRIEF MENTION. The Texarkana Eagles and Woodmen will give a street fair and carnival in April. Dr. W. A. Noel, of Pine Bluff, slipped and fell on the icy pavement and fractured his hip. T. G. Norris, a former resident of Carroll county, has been appointed city attorney of Prescott, Arizona. After a bitter fight, the prohis have been defeated at Newport, and whisky will be sold there this year. Cotton has reached the highest price in several years. One planter at Little Rock last week sold 1,200 bales at 10 cents. The Cleburne County Bank at Heber has filed articles of incorporation with the secretary of state. Capital, $10,000. Judge Mahoney, of Union county, has resigned, it is understood, to accept the chancellorship of the new Seventh chancery district. The Arkansas Coal Company, which will operate in the vicinity of Clarksville, has been incorporated with a capital of $25,000. A new town has been platted near Pocahontas, on the east bank of Black river, and on the Pocahontas and O'Kean road. It will be called Surridge. Stephen B. Wing, a prominent fruit grower of Benton county, is dead. Mr. King was a prime mover in the fruit industry of northwest Arkansas. Mr. and Mrs. J. F. Ray, of Little Rock, are the parents of a baby boy, who, when but six days old, developed two front teeth. The teeth are in the lower jaw in front. While in the act of kindling a fire at her mother's home in Pine Bluff, Pearl Walters, colored, was horribly burned, dying in a few minutes. The girl's mother, in attempting to extinguish the flames, was badly burned. The Alphin-Lake Cotton Company of Little Rock and El Dorado, has been declared a bankrupt. This is the firm whose transactions caused a big sensation a few weeks ago, and resulted in the Bank of Little Rock suspending payment.
14.
March 31, 1903
Newport Daily Independent
Newport, AR
Click image to open full size in new tab
Article Text
New consignment or R. & G. Corsets at including the new deep hip style Chas. Meyer's Great Bargain Store. Sigmund Wolff returned Tuesday St. morning from a short visit in Louis. He reports Mr. lke Goldman about the same and says Miss Ray Brandenburg and Elise Hooker are getting along nicely. G.A. Predeau, a young man who alcomes well recommended and has artistic ready proven himself an has printer as well as speedy typo, as accepted a permanent position foreman of the INDEPENDENT. William Hencke left Tuesday mornfor St. Louis, where he will take at six ing months' course of short-hand Barnes Business College to prepare office himself to assist his father as an Merman with the Wolff-Goldman cantile Company. The Missionary Ladies of the Meth- at odist church will hold their bazar the Hazel Hotel, Saturday April 11, the day before Easter Sunday. Special orders for plants or cut flowers should be placed now with Mesdames T.B. R. W. Bandy, J. W. Wallace or 91 dtf Stewart. Mr. J. D. Goldman of the LesserGoldman Cotton Company, spent Sun- Ad in Little Rock the guest of Mr. just day Hamberg. Mr. Goldman has and started a bank at Nashville, Ark., and he thinks well of Arkansas, investsays Little Rock in particular, for ment purposes.-Little Rock Democrat. Miss Cora Warner, the only lady cotton buyer in the state of Arkansas, came down from Batesville Tuesday morning on her way to Smithville, an Texas. Miss Warner is said to be expert judge of the fleecy article and the has been in the employ of Lesser Cotton Company at Batesville the past season. Capt. W. L. Heckman, owner of the steamboats Kennedy and Buck Elk, which have been engaged in hauling ) supplies for the White River railroad and construction, was here Tuesday expected the arrival of his boats, St. which are to be taken around to the Louis. This leaves the hauling on Joe Upper White in the hands of the Wheeler. "The Missouri Girl," which comes to Newport, April 3, produces more genuine, hearty laughter than any comedy yet written. In connection it with a strong and interesting plot, contains the most ludicrous situations ever conceived. The company pre- of senting the play is fully capable it out extracting this fun, and dealing to the public in a most satisfactory dtd. manner. 1 The Duncan-Clarke minstrel comleft on No. 2 Tuesday morning Kid pany for Poplar Bluff. Their treasurer, Berry,who was bound over to the next term of court on the charge of embez- them zlement refused to accompany his and returned to Batesville with newly found friend, Tom. G. Cushing, and his attorney, Dene H. Coleman, y both of whom attended the preliminary here Monday night. S The first drawing in the Star Cloth- held d House Suit Club No. 1 was and ing Monday-evening at eight o'clock e George E. Tremper, who is absent from the city, proved himself a lucky a S man, his number 28 being drawn by . disinterested party. The scheme, and 1 which afford no chances to lose one-fourth of the entire number to win, aside from the advantage of payt ing for a suit in a way that the money t is hardly missed, has been received with general favor. It is learned on good authority that o the fourth 25 per cent of deposits with will d the Little Rock Trust Company this be paid by that institution during the week, completing the payment of the entire deposits on hand when on y company temporarily suspended January 20. The ninety days will expire April 20. It is also learned that P. f during this week Receiver James Clarke of the Bank of Little Rock will file his report with Chancellor Hart the and be discharged, after which el bank will reopen and pay all deposa itors the full amount of their deposits. -Little Rock Gazette. h WATCH REPAIRING
15.
April 17, 1903
Newport Weekly Independent
Newport, AR
Click image to open full size in new tab
Article Text
# Receiver for Compress Company.
The El Dorado Compress Company of El Dorado was placed in the hands of a receiver by Chancellor Hart of the Pulaski chancery court upon petition of Senator James P. Clarke, receiver of the Bank of Little Rock. An injunction was also granted prohibiting the proposed sale of the property to satisfy a debt of $15,000. The petition for a receiver stated that the assets of the company were between $30,000 and $35,000, and that the liabilities were far in excess of this amount.
16.
May 2, 1903
The Van Buren Press
Van Buren, AR
Click image to open full size in new tab
Article Text
Bank Pays Up in Full. The Bank of Little Rock, which went into the hands of a receiver about three months ago, as a result of the failure of the Alphin-Lake Cotton Company, has paid all its depositors in full. This action was made possible by President Stiewell, who applied the amount of the deficiency, $86,990.70, taking in return a transfer of the uncollected accounts of the bank. The biggest account upon which the receiver was unable to realize was the overdraft of the Alphin-Lake Cotton Company for $159,135.53.
17.
May 7, 1903
The Monticellonian
Monticello, AR
Click image to open full size in new tab
Article Text
Bank Pays Up in Full. The Bank of Little Rock, which went into the hands of a receiver about three months ago, as a result of the failure of the Alphin-Lake Cotton Company, has paid all its depositors in full. This action was made possible by President Stiewell, who applied the amount of the deficiency, $86,990.70, taking in return a transfer of the uncollected accounts of the bank. The biggest account upon which the receiver was unable to realize was the overdraft of the Alphin-Lake Cotton Company for $159,135.53.
18.
May 30, 1903
The Van Buren Press
Van Buren, AR
Click image to open full size in new tab
Article Text
IF Senator Jas. P. Clark can rake in a few more fees like the one he was given a week ago, he won't suffer by reason of the fact that his time belongs to the state of Arkansas for the next six years. Senator Clarke was appointed receiver of the defunct Bank of Little Rock, and within six months was al lowed $10,000 for his services, which, all told, probably didn't comsume more than 30 days. The allowance was made by Chancellor Hart of the Pulaski chancery court. - Russellville Record.
19.
June 12, 1903
The Forrest City Times
Forrest City, AR
Click image to open full size in new tab
Article Text
Paid in Full. Hon. James P. Clarke has filed his final report in the receivership of the Bank of Little Rock. The report, aside from the statements for the information of the court and the necessary explanation of exhibits, states succinctly the work done. One hundred and ninety-six thousand, seventysix dollars and eighty-three cents has been collected, and the whole amount disbursed. There remains to be distributed to the depositors $1,387.71, and with $651.87 in drafts there is a total balance of $2,039.57. The depositors were paid in full.
20.
June 12, 1903
The Newark Journal
Newark, AR
Click image to open full size in new tab
Article Text
Paid in Full. Hon. James P. Clarke has filed his final report in the receivership of the Bank of Little Rock. The report, aside from the statements for the information of the court and the necessary explanation of exhibits. states succinctly the work done. One hundred and ninety-six thousand, seventy-six dollars and eighty-three cents has been collected, and the whole amount disbursed. There remains to be distributed to the depositors $1,387.71, and with $651.87 in drafts there is a total balance of $2,039.57. The depositors were paid in full.
21.
June 12, 1903
Newport Weekly Independent
Newport, AR
Click image to open full size in new tab
Article Text
Paid in Full. Hon. James P. Clarke has filed his final report in the receivership of the Bank of Little Rock. The report, aside from the statements for the information of the court and the necessary explanation of exhibits, states succinctly the work done. One hundred and ninety-six thousand, seventy-six dollars and eighty-three cents has been collected, and the whole amount disbursed. There remains to be distributed to the depositors $1,387.71, and with $651.87 in drafts there is a total balance of $2,039.57. The depositors were paid in full.
22.
June 19, 1903
The Forrest City Times
Forrest City, AR
Click image to open full size in new tab
Article Text
Paid in Full. Hon. James P. Clarke has filed his final report in the receivership of the Bank of Little Rock. The report, aside from the statements for the information of the court and the necessary explanation of exhibits, states succinctly the work done. One hundred and ninety-six thousand, seventysix dollars and eighty-three cents has been collected, and the whole amount disbursed. There remains to be dis. tributed to the depositors $1,387.71, and with $651.87 in drafts there is a total balance of $2,039.57. The depos itors were paid in full.
23.
September 15, 1903
Newport Daily Independent
Newport, AR
Click image to open full size in new tab
Article Text
RAILROAD COMPANY WILL HAVE AGENTS. Repetition of Eldorado Frauds Will Be Prevented By Placing of Agents at Every Compress Point. It is learned from reliable authority that th Iron Mountain Railroad Company wi place an agent at each cotton compress point in the state who will receive and sign the cotton delivered on compress property. The compress company will be required to give an indemnity bond to the railroad company and the superintendent of eachcompresswill be made the agent of the railroad company as well. As soon as the cotton is received on the compress property the railroad agent will give a certificate that the cotton is in possession of the railroad company, and on this certificate the cotton buyer or shipper can secure a bill of lading. This method will make it impossible to "kite" receipts or practice fraud, and will protect all parties interested, from the country shipper to the receiver of the cotton at the final point of destination, whether it be at a milling point or a foreign port. This regulation has been brought about by the experience of the railroad companies in the gigantic frauds recently perpetrated at Eldorado, which resulted in the failure of the Alphin-Lake Company, the Bank of Little Rock, the Bank of Eldorado, and a loss of nearly $200,000 to the railroad companies, besides individual losses that can never be scheduled. The new rules will be made effective as soon as some of the minor details can be arranged, and when once fully understood by shippers, receivers and the general public, will be welcomed as a happy solution of the hitherto question of the proper handling of cotton by the railroads. All roads will practically adopt the same method, with a few minor differences.
24.
September 18, 1903
Newport Weekly Independent
Newport, AR
Click image to open full size in new tab
Article Text
RAILROAD COMPANY WILL HAVE AGENTS. Repetition of Eldorado Frauds Will Be Prevented By Placing of Agents at Every Compress Point. It is learned from reliable authority that the Iron Mountain Railroad Company will place an agent at each cotton compress point in the state who will receive and sign the cotton delivered on compress property. The compress company will be required to give an indemnity bond to the railroad company and the superintendent of eachcompresswill be made the agent of the railroad company as well. As soon as the cotton is received on the compress property the railroad agent will give a certificate that the cotton is in possession of the railroad company, and on this certificate the cotton buyer or shipper can secure a bill of lading. This method will make it impossible to "kite" receipts or practice fraud, and will protect all parties interested, from the country shipper to the receiver of the cotton at the final point of destination, whether it be at a milling point or a foreign port. This regulation has been brought about by the experience of the railroad companies in the gigantic frauds recently perpetrated at Eldorado, which resulted in the failure of the Alphin-Lake Company, the Bank of Little Rock, the Bank of Eldorado, and a loss of nearly $200,000 to the railroad companies, besides individual losses that can never be scheduled. The new rules will be made effective as soon as some of the minor details can be arranged, and when once fully understood by shippers, receivers and the general public, will be welcomed as a happy solution of the hitherto question of the proper handling of cotton by the railroads. All roads will practically adopt the same method, with a few minor differences.