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Receiver Named for Closed Bank at Walnut Ridge Walnut Nov. of Jonesboro has been named strong for the Planters National receiver Bank which closed November The bank was inspected by John Lilly, national bank examiner. Mr. Armstrong has been receiver for the First National Bank
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HODGES NAMED BANK RECEIVER Succeeds J. W. Armstrong As First National Bank Liquidating Agent. E. A. Hodges, formerly cashier of the Planters National Bank at Walnut Ridge and since receiver for defunct Bank at Dexter, Mo., has been named receiver for the defunct First National Bank of this city succeeding J. W Armstrong of this city. He will also succeed Mr. Armstrong as receiver for the Planters National Consolidation of National Banks in receivership resulted in the change as two receivers -will now handle the defunct National Banks of Northeast Arkansas instead of three as was formerly the case. Fourth Receiver Mr. Hodges will be the fourth receiver to be in charge of the First National Bank here since it failed eight years ago Forty per cent in dividends has been paid by the bank, twenty per cent having been paid while Mr. Armstrong served as Mr. Armstrong made an excellent record in handling the affairs of the defunct bank and payment of the dividends in recent years has been largely, due to careful management of affairs of the Mr. Armstrong stated today that the affairs of the bank would probably wound up this fall. He stated that he did not estimate that over additional two or three per cent dividend would be realized by the depositors. The 18 mountain counties of North Carolina have population of or 52.7 persons per square mile.
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HODGES NAMED SUMMONS COME BANK RECEIVER TO PROMINENT Succeeds J. W. Armstrong LOCAL LAWYER As First National Bank Liquidating Agent. E. A. Hodges, formerly cashier of the Planters National Bank at Walnut Ridge and since receiver for defunct Bank at Dexter, Mo., has been named receiver for the defunct First National Bank of this city succeeding J. W. Armstrong of this city. He will also succeed Mr. Armstrong as receiver for the Planters National Consolidation of National Banks in receivership resulted in the change as two receivers will now handle the defunct National Banks of Northeast Arkansas instead of three formerly the case. Fourth Receiver Mr. Hodges will be the fourth receiver to be in charge of the First National Bank here since it failed eight years ago. Forty per cent in dividends has been paid by the bank, twenty per cent having been paid while Mr Armstrong served as receiver Mr. Armstrong made an excellent record in handling the affairs of the defunct bank and payment of the dividends in recent years has been largely due to careful management of affairs of the bank. Mr. Armstrong stated today that the affairs of the bank would probably be wound up this fall. He stated that he did not estimate that over an additional two or three per cent dividend would be realized by the depositors. Died Early Today At HosSaturday Afternoon. Attorney John Hannibal Hawthorne, prominent Jonesboro lawyer, passed away Friday morning at three e'clock at St Bernard's Hospital, succumbing to an illness of stomach trouble. The deceased was the of the late Judge and Mrs. C. Hawthorne. He was born at Corning, Ark., and moved to Jonesboro in early youth. He attended school at the University of Arkansas at Fayetteville and Vanderbilt University at Nashville, Tenn. Lawyer Many Years. In 1885 he opened one of the first dry goods stores in Jonesboro. He united in marriage in 1902 to Miss Calla Oliver. He started the study of law and was admitted to the bar. For years he enjoyed a large practice here. He was member of the Elks Club, the Country Club and the Kappa Alpha Fraternity. Surviving are. his wife and one daughter, Miss Ann Hawthorne. One brother, Attorney Donald Hawthorne of Little Rock and one sister, Mrs. Virgil C. Pettie of Little Rock. also survive. Host Of Friends. Mr. Hawthorne is survived by host of friends. He possessed pleasing disposition which won friends easily. In his death a citizen who for years played a part in community development has been called. Funeral rites were held Saturday afternoon at 3:30 o'clock at the residence, 1206 South Main Street, conducted by Rev. Morley pastor of St. Mark's Episcopal Church of which the deceased was member. Interment will be at Oaklawn cemetery in charge of Gregg Funeral Home. Pall bearers were: Active Charles D. Frierson, Sr., J. A. Schindler, Tom Lane and Joe S. Long of Jonesboro Maurice Block of Paragould, L. Smith of Blytheville. Honorary, Judge N. F. Lamb Judge Gautney. E. Barton, Patton. Brough Patterson. Gordon Frierson, Gordon Matthews, Judge Archer Wheatley, B. H Berger, Hugh Alexander O. Knight. A. Ritter, Dr. H. H. McAdams, H. Pewett, R. M. Whitley, R. E. Montgomery, Horace Sloan, Arthur Adams, W. Green, Alex Berger, George Cunningham, L. Glover and Fed. eral Judge John E. Martineau of Little Rock