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Approve Plan for Reopening of the Golconda Bank Plans the First Nationreopen Bank at Golconda were approvheld there Saturday afternoon. A of remains to be worked out before the plan can go into effect, and ofcourse is possible that it fail, but the peomay much in earnest in their efforts to one of their financial inpreserve stitutions and will make the best of whatever opportunity offers to one back into operation. The meeting atracted the largest crowd that has assembled in the uo capital Pope afternoon for long time, and was pretty well parking space taken in the vicinity of the up court house. They can truly said have had a get-together meeting at least. The meeting was called to order by Mayor Ollie Trail, who introCongressman Claude Parduced who adressed the meeting on sons, the object for which they had He urged the depositors gathered. to the plan which would agree be submitted, as meeting the requirements of the banking them that this was the only telling in which could hope to all their and at back of money the have banking fasame cilities. Vance, receiver of the bank, M. sent to Golconda by the comptrolof the currency at Washington, er in which he told of the gave talk of the bank when he condition The bank rived and took charge. of $25,000 when closed: it perfectly solwas was there would have been vent and of its closing had not some panicky and of the depositors got withdrawn their money their panic to him. and causing the affecting others closing its doors. closing of iits doors. sold that about 90 per cent the depositors signed an agreehasten the reorment reopening of the and cent when the bank reopened. posits they are to and for the non-interest bearing certifreceive be follows: 10 per icates to paid as the end of six months, cent at 12 months, 30 per cent cent at per and 30 per cent at at 24 months Creditors for $5 or 36 months. wish get cash for the may if they the reopning of the entire sum at bank. Under this plan the stockholders must themselves for an ag. $50,000 put into the of to gregate If the stockholders bank's capital. old bank may be will do this the stockholders fail then open. If the will be turned to organattention bank to take over the ising new affairs of the old one. receiver and the comp The bank have but troller of the currency the matter exauthority the banking regulations aucept as However, it thorize them to act. that the plan scope submitted had been formulated. therefore being practically assured that if the conditions are complied will be apwith the permitted to be gone proved and through with. being directed Efforts are now what the stockholdtoward seeing ers are going to do. conditions outlined After all the and the compcomplied his formal approval, troller gives the bank may reopen any time bank officials ready to ceive the transfer from the bank examiner. The people of Golconda and Pope county very hopeful plan will carry that the suggested successful concluthe project to a sion. HALL GIVES BOND WILLIE Hall indicted on a charge Willie murder Will Shores at of assault to Memorial Day, has Mt. Zion last bond for his appearance filled out a of circuit court ot the next term from the has been released and has been held jail, where he county back from Missince being brought in the sum of $800 The bond was bondsmen are R. the and George Hall. Hall learn that Messrs We glad to are of Golconda have Bean and Masters rock at Shetthe quarry reopened intending to lerville and are it winter, as long as this operote remains down. They the water derrick rock for the out are getting Golconda and, we are dyke below to work about 25 informed expect have excellent men. These men at Golconreputation well knownwhere they are da, of contrast to parties something times been identified who have at We are glad with this enterprise.