First National Bank (Cordele, GA)

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FIRST NATIONAL OF CORDELE

Receiver Appointed for Proceedings in Liquidation. Cordele, Ga., March 4.-The First National Bank of Cordele, having been in liquidation by its management for some months, the controller of the currency appointed a receiver upon the request of the directors. Mr. Burgwin, national bank examiner, was appointed temporary receiver. The receiver is expected soon next week. The bank has done a large business in Cordele, and on account of the death of its late president, Mr. Joseph E. Bivins, the present management desires to liquidate its affairs. The liabilities of the bank are about $10,000 on money borrowed. The deposits are about $3,000. The assets are about $70,000.

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NEW COLONY NEAR PALATKA

Receiver Appointed for Cordele's National Bank. Macon, Ga., March 11.-Maj. Glessner, immigration agent of the Georgia Southern and Florida, has just sold 20,000 acres of land near Palatka, Fla., to a sugar growing colony from Michigan. They will raise cane and manufacture products. Familles are already arriving there, ten thousand acres having been bought up by individual members of the colony. Judge Speer to-day appointed Iverson L. Harris receiver of the First National Bank of Cordele on the petition of Hall and Wimberly and Thompson & Whipple of Cordele. He has gone from Macon to take charge. The capital stock of the bank is $50,000. Insolvency is alleged.

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INVOLVING A CLOSED BANK

Court and Comptroller Disagree as to Jurisdiction. The action of United States District Judge Speer, of Georgia, in appointing a receiver for the First National Bank of Cordele, Ga., which had closed its doors, has precipitated a controversy between this court and the Comptroller of the Currency, as it is claimed the Federal courts have no jurisdiction in such matters. When the failure of the bank was made known to the Treasury Department W. H. S. Burgwyn, who is the bank examiner for that district, was ordered by the Comptroller of the Currency to take charge of the defunct bank. Mr. Burgwyn, however, was engaged in an important matter at Ashville, N. C., and Judge Speer took the matter in his own hands and appointed a receiver. This action will be contested by the Treasury Department.

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Controller's Receiver Appointed

Controller Dawes has received word that Judge Speer of the southern district of Georgia has discharged the receiver he appointed for the First National Bank of Cordele, Ga., and appointed the receiver named by Mr. Dawes. This was the case mentioned in The Star, in which the United States court selected a receiver against the law permitting the controller of the currency to do this. The prompt discharge of the court's receiver was a quick victory for the controller.

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CORDELE BANK'S RECEIVER

Dawes' Centroller Appointment Will Hold Good. Washington, March 21.-Mr. Dawes, the controller of the currency, has been informed that Judge Speer has discharged the receiver of the First National Bank of Cordele, Ga., appointed by him, and that the effects of the bank have been turned over to the receiver appointed by Mr. Dawes.

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The Receivers Discharged Washington, March 21.-Mr. - Dawes, the comptroller of the currency, has been informed that Judge Speer has discharged the receivers of the First National bank, of Cordele, Ga., appointed by him, and that the effects of the bank have been turned over to the receiver appointed by Mr. Dawes.

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Change In Bank Receiver, WASHINGTON, March 21.-Mr. Dawes, the Comptroller of the Currency, has been informed that Judge Speer has discharged the receiver of the First National Bank, of Cordele, Ga., appointed by him, and that the effects of the banks have been turned over to the receiver appointed by Mr. Dawes.

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Bank Receivers Changed

(By Telegraph to Virginia-Pilot.) Washington, March 21.-Mr. Dawes, the comptroller of the currency, has been informed that Judge Speer has discharged the receiver of the First National Bank of Cordele, Ga., appointed by him, and that the effects of the bank have been turned over to the receiver appointed by Mr. Dawes.

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BANK RECEIVERS

Power of the Controller of the Currency to Be Tested in the Courts. Washington, March 22.-The question of the powers of the controller of the currency in the appointment of receivers for defunct national banks has been raised by the action of Judge Emory Speer of the United States district court of Georgia. A few days ago the controller of the currency was notified that the First National Bank of Cordele, Ga., had closed its doors. According to law and usage the controller wired W. H. S. Burgwyn to take charge of the bank as receiver. Mr. Burgwyn is the regular bank examiner for that section. He was engaged on an important case at

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General.

A new mineral has been discovered at the University of Wisconsin. A crusade against fire-trap hotels is begun'in New York. Porto Ricans are forming a Republican party. The members of the Porto Rican cabinet will visit Washington next month. 'The federal court in New Orleans decides against the interstate commerce commission. The lake carriers' association has decided to advance wages of boat crews $5 per month. Digby Bell, the actor, filed a petition in bankruptcy at Chicago, in which he asks to be relieved of liabilities aggregating $27,000.

Henry A. Casperfield, who was formerly in the jewelry business at New York, has filed a petition in bankruptcy. Normal liabilities, $706,386. The remains of Lieut. George Elliott, U. S. A., whose death occurred Aug. 11 last at Santiago, were interred with military honors at Arlington. The old monitor Comanche, which has been bought from the government by an Oakland, Cal., firm, is to be converted into a freight ferry boat to run in San Francisco bay. The Illinois house passed the senate bill to prevent the introduction and spread in Illinois of the San Jose scale and other fruit-destroying insects. The Woodmen's circle at Memphis, Tenn., has formed the International Association of Deputy Organizers of the Woodmen of the World as an adjunct of the sovereign camp. The employes of the Belleaire (Ohio) Steel company's two blast furnaces were agreeably surprised when notified by the company of a 15 per cent increase in wages all around. An erecting gang, from the Pencoyd Iron works, will leave in a few days for Africa, for the purpose of building a bridge across the Atabara river, in the Soudan, near Khartoum. The battleship Iowa will at once be taken to the Union iron works, where she will remain about six weeks while being repaired. Her bollers will be retubed and her cylinders overhauled. The Pacific Express company has made arrangements for a through route to California and the points along the coast line and another through route to New York city and the whole Atlantic coast. Arrangements are being made for a reunion to be held at Guthrie, Okla., in June next for the rough riders who fought in the battles about Santiago. A letter has been received from Gov. Roosevelt of New York accepting an invitation to attend. President Simon Burns, of the Window Glass Workers' association at Pittsburg, was informed that all the shove boys and lehr-tenders at the South Side factories have given notice that on Wednesday they will demand erage of $75 gold per ton.

Mr. 'Dawes, the controller of the currency, has been informed that Judge Speer has discharged the receiver of the First National Bank of Cordele, Ga., appointed by him, and that the effects of the bank have been turned over to the receiver appointed by Mr. Dawes.

Passengers who arrived at Seattle, Wash., from Copper River, Alaska, on the steamer Excelsior, say that scurvy is reported in all the camps in the interior, and many miners are coming to the coast, either to escape it or to recover from its effects.