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M'CONNELL NAMED BANK RECEIVER Thinks Talbott Institution Will Pay Sixty Cents on the Dollar. Depositors of the Talbott bank, Jefferson county, which closed its doors recently when the president and cashier disappeared, should receive 60 cents on the $1 and perhaps more, according to S. S. McConnell, state superintendent of banks, who returned today from Talbott, where he went upon notification of the closing of the institution. According to Mr. McConnell, the trouble appears to be the surrendering of drafts by the cashier to the Acme Milling Company covering bills of lading on grain. The president of the bank, J. O. Witt, was also president of the milling company, and when the milling company went into receivers' hands the $12,000 covered by the draft, which had been surrendered without payment, wiped out the capital stock, which was only $10,000 and the cashier and president of the institution departed for parts unknown. "It is only a small institution," said Mr. McConnell, who was named receiver under a bill filed in court at Dandridge. "The deposits amounted to something like $30,000." There is a movement on foot, however, by the Mossy Creek bank of Jefferson City to operate a branch bank at Talbott and to act as agent for the bank in liquidation. The Talbott bank also owes $8,000 to the war finance corporation, but it is understood that this is well secured by collateral. LOCAL DRUGGISTS BOOST CONVENTION Visit Chattanooga on Special Pullman—Guests at Banquet. A special Pullman, carrying Nashville druggists, returned this morning from Chattanooga, where the local delegation staged a miniature boosting expedition in the interest of the forthcoming druggists' convention, which meets in Nashville July 15-17. The Nashville party was met at the station in Chattanooga by the Chattanooga druggists' club, taken on a sight seeing tour to Lookout mountain and other points of interest, and were guests at a banquet Thursday night. Much enthusiasm was noted and the Chattanooga druggists promised to send a large and representative delegation to the state convention. Among the Nashville druggists making the trip were the following: D. S. Sanders, president of the state association; W. W. Winters, secretary; W. H. Sewell, Jr., treasurer; Henry Buchi, J. G. Greener, Jr., Mac Gilmore, R. T. Walker, W. Dake Gleaves, Luther Alexander, Lucien Weakley, Joe Gibson, George Decker, W. H. Rose, J. G. Brumitt, Oscar Olson, Merrell Stone, J. G. Shannon, Fred Boylin, J. W. Brooks and J. E. Odom.