Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, December 25, 1907, Image 3

Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN AND NEWS. WEDNESDAY, DECEMBER 25. Something About the Fourth National Bank Smce its organization eleven and a kalf years ago, this hank has grown steadily and rapidly. The increase m its deposits has heen remarkable—from kalf a million m 1896 to four and three-quarter millions at this time. Its methods and its management have heen of so wise and so conservative a nature as to win the loyal confi dence of a large and ever-increasing patronage. The facilities of the Fourth National are not excelled. While its policy is soundly conservative in every fea ture, its methods are of the most approved modern type and its system of handling, business is practical and up-to-date. In addition to the regular examinations made under supervision of the United States Government, this hank has a contract which calls for frequent audits by an Audit Company of wide reputation. These audits are always made without previous notice and the contract includes a monthly count of all the Bank s cash, to be made at the will of the Audit Company. Reports of these examinations are made to the Officers and Directors of the Bank and published m the daily papers. The location of Fourth National is thoroughly convenient, its home being on the busiest corner in Atlanta. Last April, the Capital Stock was increased by the addition of $200,000, making the following figures now effective: Capital Stock ..... Surplus and Profits . . ! Shareholders' Liability . . . Mak ing as a Total Protection to Depositors OFFICERS JAMES W. ENGLISH ... .President JOHN K. OTTLEY Vice-President CHARLES I. RYAN Cashier WM, T. PERKERSON Assistant Cashier JAS. M. THOMAS Assistant Cashier . $600,000.00 , . 687,000.00 . .600,000.00 . $1,887,000.00 DIRECTORS J. D. Turner Albert Steiner H. C. Stockdell Joseph Hirsch J. R. Hopkins E. C. Peters J. W. English, Jr John J. Woodside James W. English J. D. Robinson J. R. Gray t John K. Ottley Dan B. Harris Chas. A. Wickersham Charles I. Ryan James M. Thomas Geo. W. Parrott FOURTH NATIONAL BANK Deaths and Funsrals Mrs. Adaline Bogman. Mrs. Adallne Al. Bowman, aged S-l. •lied at the residence of her son, G. \V. Bagman, HO Ellznbeth-st., Tuesduy af ternoon at 4 o'clock. Mrs. Bogman Is survived by her father. Edward R. Young, of Providence, R. I., and a son, G. XV, Bogman, of thin city. Mrs. Bog- man has'been ill for some time, and her death was not une?:pected. The funeral arrangements be announced later. The Interment will be at Providence, It. I., her old home. Mrs. Winnie Kty. The body of Mrs. Winnie Key, who died Monday night, was sent to Doug- lasvUIe, On., early Wednesday morning for funeral and interment. CENTRAL BEGINS WORK AS RECEIVER Continued from Pagt One. SHOT TWICE IN NECK, YOUNG MAN DIES. Bartow, Oa., Dec. 25.—At the resl dence of William Oxford, 4 miles south «»f Bartow. Monduy night, Donovan '''demon, Frank Douton and Furman Bouton engaged In a difficulty with (, f>rdy Davis, in which Pordy Davis shot twice In the neck and died yesterday. The Doutons and Coleman were nr rested. Davis leaves a wife, whom he recently married. • SPECIAL CHRISTMAS DINNER $1.25, NEW KIM BALL PALM GARDEN. SERVED FROM 6 TO 8:30. Wishing All A Msrry Christmas Maier & Berksle Jewelers, Silversmiths, Diamond Merchants. securities as soon As this can be done without loss. At Minimum Cost. “We would very much have liked to have taken charge of the Institution from the start, but after Investigation found that we were not able to do so. Now that we have been put In ehurge we are anxious to prove that this estate can be administered with a minimum cost to the creditors and depositors. We arc going to try to do so, and wo believe that we will succeed. “As a usual thing, when a state bank falls Into the hands of u court the gen eral public becomes frightened, and at once believe that they will get nothing and the cost of the administration will take all the assets. This is going to be an exception to the rule. The people are going to got a square deal. The costs of administering the estate will be as low as It can consistently be made. We believe that with our re sources and ability to handle matters It will be possible to realize a great deni of money within a very short time, and we In not take us long to ascertain the real condition of the bank, and then we will be prepared to make liberal ad vances to the depositors. “Especially I wish to urge the depos Itors not to sacrifice their savings now In the Neal bank to the extent of single cent. My advice to them Is to be patient, to restrain their eagerness for a little while and then they will leap the reward of their self-denial State Bank 8afe. 'Another thing. It has always been the opinion of a part of the people that national bank Is safer than a state In. tltutlcn. I wish to show by the way in which we handle this estate that a state bank in the hands of the state be administered Just as safely and as economically as a national bank un der the control and supervision of the federal government. “In order to save the stockholders every cent possible we have agreed to administer the affairs of the Neal bank for 2 1-2 per cent, where the charge allowed by the state Is 5 per cent. By the action taken by the state In having the attorney general ask for a receiver ship and the appointment of the Cen tral Bank. and Trust Corporation in that capacity the depositors will be saved a large per cent. How large, of course, can not be definitely stated, but very* probubly It will be greater than 10 per cent. Those Cuban Loans. “I believe that the Cuban and Ala bama properties, on which the Neal bank made large loans, which action v/as largely the cause of the trouble of the Institution, are worth every cent of the money loaned by the bAtik, und a great deal more, probably four or five times as much. “In order to secure a fair price for all the assets of the Institution It will be some time before everything can be wound up and a final statement made, but the Interests of .depositors, cred itors and stockholders will be safe- guurdod.'and will be our first cure. “The Neal .bonk has been In business for a long time and occupied a useful und tin honorable position In the Atiunta world of finance. Its stockholders and Its officers have been men and women who stand well In our city, who have lived splendid lives, have done much for our people, and have made good records. The Central Bank and Trust Corporation will do all In Its power to Uhl these stockholders and of ficers by a proper, careful and econom ical administering of the assets, and hope by so doing to maintain the splen- . j « did record of the Neal bank, by paying intend to do this. It will I every obligation of that Institution. In TO GIVE LECTURE TO ENGINEERS A lecture on the purification of holler feed water and tht* benefit gained by feed water heaters will be delivered before the Ogle thorpe Association of Hintlonary Engineers No. 2, bv Professor Jeiudson In the Ited Men’s Ifall In Ontrnbnve., next Friday evening at 8 o'clock. With lantern slide pictures Professor .fennlson will also Ulus- !SALOON CLOSING FALSELY RUMORED A rumor was in circulation Tuesdny morning that the saloons would bo called upon to clime up at 4 o'clock thiit afternoon. IIow and where the report started no one seemed to know, but It proved Incorrect. There was no evidence of disturbances of nny chsrneter, and Intoxicated men were trufe the different method* of piping henf-t _ lt , 0pnprn i nn i.i.n* era of different kinds so that steam users» * n t rc . P ’ 1 ,n , p general opinion that there had been less drinking than usual,, und the day before Christmas one of tho most order ly ever seen In Atlanta. The mayor and chief of police have au thority to close saloons on short notice, but It wns not deemed necessary to Invoke the order. The saloous remained open until the regular dosing time—10 o'clock—Tuesdny night. All of them ore closed Christmas day. PISTOLS REPLACE CANDLES IN DUEL DEPOSITS INSURED UNDER A SPECIAL CONTRACT BANK OF DECATUR w. F. PATTILLO, Pretldtni. Decatur, Ga. o. c. McWhorter, caahier. accomplishing this, saving depositors, creditors and stockholders, the Central Bank and Trust Corporation will re ceive Its greatest compensation, the fee being a small part/' THORNTON ISSUES CARD TO PUBLIC President E. H. Thornton, • Neal hank, hus Issued a statement to the public In which he expresses his confidence In the ability of the Central bank to administer the affairs of the Neal bank, and assures the public that depositors will be paid. It follows: To the Public: I deem It proper as president of the Neal bonk to make the following state ment; While there may be some criti cisms concerning Investments by offi cers, upon Investigation It will be thoroughly demonstrated that these In vestments are absolutely secure und will be approved by those who will In vestigate the affairs of our institu tion. Personally, permit me to state that I have lived thirty-six years in this community and not one unclean dollar has ever passed my hands or those of any of my Associate officers. Further more, I want to personally assure the public that no one will lose one cent by the closing of the doors of the Neal bank. If the affairs are properly ad ministered, which I am sure will be satisfactory when It Is taken Into con sideration that the Central Bank and Trust Corporation will have charge of the whole business. I want to state, personally, that I have known Mr. Candler since 1871 and want to com mend him and his associates to the public. I am thoroughly confident that everything will be carried out accord ing to the laws of the state and other courts and that every creditor will re ceive the full amount due. Returning my sincere thanks and those of my associates for the many letters of confidence and sympathy, I am. Faithfully yours. E. H. THORNTON, Late President e? tht Neal Bank. Special to The Georgian. t’arfcrsvfile, Ga., Dec. 25.—A I toman can dle duel between two negroes In a street here lust night developed Into n pistol duel which Ed Itogers shot and seriously nded Cube Farris Johnson. Many CHRISTMAS DINNER AT NEW KIMBALL PALM GARDEN SERVED FROM 6 TO 8:30, $1.25. SPECIAL MUSICAL PRO GRAM. FRANK BERRY GOES TO FOURTH NATIONAL Friends of Frank M. Berry, who was assistant cashier of the Neal Bank, will be pleased to learn that he Is now with the Fourth National, having been of fered an Important place there Imme diately after the Neal Bank closed. It Is a case of returning to his first love, for Mr. Berry was connected with the Fourth National for some time be fore he went with the Neal to accept an important promotion. There Is no more competent or popu lar young bank man In Atlanta than Frank Berry, whose friendships are limited only by his acquaintances. He has already assumed his new duties, and was kept busy Tuesday receiving the congratulations of his scores of friends. The Fourth National Is very much pleased to have his services again. BLACKSTON MADE BANK EXAMINER A. E. Blaekston, Jr., one of the book keeper. of the Neal Bai^k, has been ap pointed bank examiner for the chain of banka controlled by W, s. Wlthnm, the prominent banker, and will have aa hla territory the elate of Georgia. Mr. Blaekston la well known in banking circles and hla appointment la a mark of recognition of hla ability aa an ac countant. NEW KIMBALL XMAS DINNER SERVED FROM 6 TO 8:30 IN PALM GAR DEN. SPECIAL MUSICAL PROGRAM. , FOUR WOMEN HURT IN TENEMENT FIRE; JUMP OUT WINDOWS Sew York, Dpi*; 25.—During tho panic caused by tiro In a tenement house In Mluettn Bane early today, four women Jumped from windows of the upper stories aud received serious Injuries. The Injured women are Amelic Ulnek. uged 43, who Jumped from the third floor and fractured her legs; Oledn Williams, aged 48; Jeanette Everett, aged 37, and Hannah Johnsou, aged 64, ull of whom Jumped from windows on the second floor aud received severe con* fusions. Mr. John Simpson, of Atlanta, Is spending the holidays with his sisters. Misses Kate Burke and Clara Simpson. —Montgomery Journal. CONDUCTOR STABBED BY FLAGMAN Kpeclal to The Georgian, Far tern* file, O*., Dee. .25.—Yesterday In the 1*. A S. yards here Conductor A. .1. Howard wns seriously cut with a knlfo by Ills flagman, W. M. Johnson, following, lt Is said, sonio unpleasant ; words. A wnrrnut pas been sworn out for the arrest of Johnsou. HANDSOME XMAS SOUVENIR TO EVERY' LADY VISITING THE j NEW KIMBALL PALM GARDEN AFTER THE' THEATER.