davidaulloa/AmericanStories huggingface dataset:
, 1877-09-02
A BILL FOR 4 RECEIVER.

| THE MATTBE INDEFINITELY POSTPONED.
At O'Clock yesterday, Mr.. E. 3. Sherman, OF
| behalf Of 4 number Of creditors OF the Stats
Savings Institution, appeared before Judge
Williams for the purpose of making application
for the appointment of q Receiver Asso
ciated with him rs counsel, were
James L. High and c. C. BoufHy. Notict
of the iuterded application had been serycC
upon Col. Taylor, and at his request, and also
that OF the Committee representing the deposit.
ors, Sidney Smith, Esq, came in to represent
him and them.
Mr.. Sherman said:
If the Court please, desire to present to the
Court bill, on behalf Of n. c. Ea,ncs and
twenty or thirty others, which will read.
Mr. Smith-1t seems to mic it is not necessary
to read the bill at the present time under
stand that there is to be meeting Of the de-
positors this evening, and anu advised by the
Committee who represent them, and was re-
quested to state to your Honor, that they think
the interests Of the creditors would be subserycd
by 4 postponemcnt OF this application. There
is no clashing between tine Committee and Mr..
Taylor. The creditors are to take into consit-
Grafton the state OF affairs, aud come to some
ueternulnation. What it may be, we. do not
know. am authorized to sag that Mr. Taylor
does not wish to stand in the way OF the hest
interests Of the creditors Of this institution.
and he and this Committee are exceedingly de-
sirous that there should be no clashinx Of in
tcrests between the parties who stand in the
somewhat unfortunate position Of creditors.
MIR. 2hcr1n2n-l do not desire to o>cupy any
more time than is necessary in this matter aud
II 1t does not apncar advisable to hear tie pur-
port OF the bill. am willing to submit to what
about to read the bill.
MIR. Sidney S1ufth-Cnless some action is to
be taken, Il Is not necessary to read the bi|i.
Judge Williams-1 think that is So
Mr. smith-"e caniiot Tx the day now. be-
cause we do not know what will be the drift Of
events. | understood Mr. Wentworth to nnt
the question to the Committee to ask the Court
POSTPONE THIS MATTER INDEFINITELY.
IL may De that after this meeting there will be
Judge Williams-'Vhen I was asked last
night TO hear this motion. the counsel sa;d that
II Would probably be postponed to suit the con-
Vcnlencc OF the counsel on the other side, do
not Know but we might I'D journ it to definite
time; Il not, am disposed to accesle to the re-
quest ct the gentlcman, and you Gun bring up
the matter on notice to Mr. Smith,
ar. Shcrman-Ihcrc is only one question: this
bill asks for Receiver anu for restrainine or
der: II the counsel will say that nothing i'm
portant Will be done in the neantitnc. it win he
satisfactory to me, and doubt not to the other
for eomplainants
Mr.. S1n1tE-!t may be very injudicious to stnv
the hands OF Mr.. TAYLOR, in one respect. because
nc anu IN me Conmittee arc Investigating the
they ascertain. This could not even be done II
thc Court restrained them.
Judge Willlams-1 don't think there ought tn
be any w
aon,t tbtn,, ", sTArSG Tsa3s oHDER.
md certainly think it would be undesirable =
make any restraining order Perhans n viii ,o+
, 1877-09-02
JOHN WENTWORTH.


4 few minutes before o'clock the Hon. John
Wentworth arose OH the platform and said:
LADIES AND GENTLEMEN: I consider this
purely business meetings. matter OF dollars
and cents to each and every one OF you. Now.
you have Committee here which differs in
pursuits. In politics. in religion, upon the green
back question, and upon almost everything cx-
ctpt On the determination to get at the bottom
OF the outrage that brings Us here. IAN
plause.1 sometimes, as you all know. dabb]t.
IN I'll these other questions myself, bat
ne'er at funeral. fApplausc1 AS
have looked about our STREETS for the last few
oAys and seen suffering fully equal to TINT
Which followed our tire,-seen the sutferinex of
people. too, that met when first came here
1o:.E-one years ago, and the sut1erines Of their
e1'i1aTen and their grandchildren-it has LOOKED
10 me more like funeral than ANYTHING else.
Now, in The first place, In order tn c,1, vo,,~
attention to the importance Of masro +h,s
purely business meeting, YOU must Understand
1iiat~ III whiting up an institution Of this KIND
s::ssc Is always vast amount Of money n ha
I'a;e, and you that have been in INSTITUTIONS
=. this kind heretofore, and ne have Ind
'A"h' periodically always when the ,ioyernnen,
departed from its specie stauda:d.-yon 4h.,
.:a'e been liere in those times know that when
@*Esh:nc Of this kind passes into bank-untcy
1T ALL GOES TO PAT THE EXPENSES,
Hill tnat you don't finally get dollar. IA
'o'te, THAT'S so."] There are many bankers
III This city that hare influence, hare directories,
nave friends, have customers, and they each
and every one Of them hare some particular
friend that they want tn get st the head Of this
affair. 50 that they can have use Of the deposits
ng the future by the "1: nast uP tbcv a1h 1h;1p 'eo
will DC long time before ii viii be
wound up. Hence, you need not be surprised I
IL at! these diftcrrut banks hare their cmissarcs
around among you trying to create jealousy and !
listrust against the man who was endeayoring
To bring this thing to its proper tribunal.
Then, again, Assisnees want this place. They |
, 1877-09-02

rs made. There was $4,000 in the bank and
about as much in other banks, and this repre-
sentcd another nominal million. The Calumet
Canal l. Dock Company bonds are supposed to
be e,worth 50 cents on the dollar. Then there Is
the bank building, vaults, aud furniture, esti-
| mated bE the Committee at from 100000 to
Sl50,000.
This gives in all sG75,000 Of tangible and
the books as full ST. 0oo 900. With this 800, 900
they had to pay t3,O0O,00O Of claims. There
was no possibility, as it appeared. to the Com
mittcc, that the stockholders would receive
more than % cents on the dollar.
The yoice-Bnt can't lie he followed where he
has gone to, and we get back oar money!
Mr.. kcelrv took another start.
Another yoce-'Ts the thief nc want.
Long John called on the police to shut up the
obnoxious clamorcr for-ju5tice, and Mr. Kelley
tried it once more
AS TO THE COURSE TO BE PURSUED,
to his mind it was premature for the meeting to
.oesignate any Receiver unless their worthy
Chairman thought proper to accept the position
at the request Of the meeting.
Ono Of the lisconltited asked, "What about
the stockholters?"
Air. Kcelcy said the stock was all held By the
officers OF the bank, aud these were beyond the
Cries OF .s'rhey are. not,' 'sHaug 'em,"
"Damn the law We want Spencer" went
ur, and m cx'itcd individual on the platform
moved that all the cash on hand be deposited
in IL bank, and devoted to the purpose of
bringing Spencer back.
,Mr. keelcy said that 4 gentleman had offered
him resolution providing that every depositor
should but up 50 cents in order to bring back
the dcfaul;ing officer. There was no oc-
casion for such outlay. A member Of
the Committee had promised the Committee
that he would honor sight draft for S10.o0o
to cover the EXPENSES. [Elurrahn' "Th2t's |
Long John" Hes gentleman, whoever
he is.''l
Mr. kcelcy once more started, and declared |
that he thought it uu2Qvisablc to make any |
change rs to Assignee or Committee until they |
had an opportunity to fully examine into tho |
farts. He counselcti patience and ouetness,
and suggested that no action be taken at this |
meeting.
, 1877-09-02
DIMINISHED EXCITEMENT.

dwind1;ne. down for tbrec f7ovs in from 49, ~, 49,.
Sta. sn'"r av"A ~ auss - ,fous % s1e
etate savings INSTITUTION reacned an almost
dead calm Yesterday. a smaller crowd, and 4
less noisy, angry. and vinlictisc one, succeeded
the rash and excited thrones which hare t,ai,r
cnnyrcoatcl in frnnt of tbr irol:en 1,,,, ~
rc,,:ti',7, lbs come M, n.o,1 ~.
4e4~'''" n.a eunie' aau teop!e arc no" calmly
Surveying their losses, hoping for the best an.i
yet hoping almost against hope. Most Of thc
dcpositors have realized the inetTab1e folly OF
standing around from morning till night, seeing
no,nihS nut c1oseu uonFs, cursalncd windows.
anu little Knots OF their feilow-sufferers equally
unable to solve the great problem: t. How much
arc VIC to cer out of the smash-up.,, The fee,tno
in Tho ,rrr,yc 1anositor:s :n1 ,rbo,, =, 49,. ~
49, s.ss . =. "t ~ ~; VIC. ne ~ w
eeasctua, 4noin'nS WIS "eai, "hat tue use
Oh my gong down 70 that cursed bank and loaf
ing around all daya Tue creditors will meet to-
ni.rtt and then TN know th. ,-nret T. c,,,+
ho -a,- o,o,,,noo;no 49,. ,..s. >, .~, s,,,1
. 10y way. <1a1' to1o"-
!nss out ths eallnent1S scns'ote thoaSnt: the
inteilisent oeposItor went about bis business,
Wu.ie us place IN front ot the bank was occupied
by those over whom the place seems to have 4
strange fascination which drnws them thither,
TIE ASSIGNEE.
a aepos1tor detained Co. Taylor on the side
walk IN front OF the bank and said that he de-
manded an interview.
All right,n said Mr., TAYLOR.
Depositor-! want to know when you first
knew of this thfngf
Iaylor-1 did not know till Monday after
Depositor-Then you did know that the bank
was going to fail aud did not tell any of usl Did
you know that Spencer had left!
!, Mr. Taylor replied that he had been informed
that Spencer had gone to New York to raiso"
money to tide the bank over its troubles.
De1ositor-Then vou arc as guilty rs the rest;
Of them. You knew that Spencer had gone and
tongue
Taylor-I did not know that on Monday thu
bank would fail. was sitnply juformed tint
Spencer had gone to New York to borrow
money, aud that If he did not succeed IN assign
mcnt would have to be made. @''' @''A:-A
Dcpositor-Dou't yo11 hold stoot-7
, 1877-09-02
A BIG TALK.

a BlG TALK.
The State Savings lnstitu-
ton Depositors in
Council.
The Strangest Audience
Which Ever Met i'll
the Tabernacle.
Long John Tells What the
Committee Has Been
Able to Discover.
Col. Taylor Makes His Report On
the Weak and Shrunken
Assets.
The Crowd Want to Hang Mr..
Spencer---Advice by Mr..
Wentworth.
The Assignee Ready to Resign
at Once---Result of
the Meeting.
Bill Filed for the Appoint
nent Of a Receiver
mo Action
Taken.
The Creditors Committee Con- /
tinue Their Examinations
-.-Spencer's Con-
version.
The le1n Has Died Out---Scenes
at the Ban1k---Corre-
spondence.
, 1877-09-02

~
Received telegram from American Exchange
National Bank Of New York stating that they hold
them in trust under agreement Of Spencer =
Baylrd.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
SLIGHTLY FuddIed.

Enloe gives the following lucid ac-
count of the Trezevant barbecue in
last weeks jackson Tribune and Sun:
The Grand Marshal then made a
still better speech on the all absorbing
subject of dinner. He announced that
there was plenty for everybody to eat,
and that order must be preserved.
This seemed to satisfy the audience
with one exception. Brother Wade,
of the MILAN EXCHANGE was the ex-
ception. He had been saving him,
self for a week to enjoy the square
meal" to which the editors were in
vited, and, and it is extremely doubt
ful whether he had breakfasted or not.
We found him threatening to head
"bread riot" and charge the tables,
but by little stratagem succeeded in
keeping him quiet. 1t was the SIM
plest treatment imaginable. We just
gave him little Ice, and then carried
him around the pits to view the carr
cases, and though there were only
forty-nine all told, he counted ninety
eight, and was satisfied that there
would he enough for him. At the
table we saw Wade, and Courts Of
the Nindicator, the centre of attrac-
ton. Their relish of the "square
meal" suggested the idea, how sharp
er than a serpent's tooth is the appe~
tite of a man who holds the thankless
position of a country editor. After
dinner Maj r. P. Caldwell of Trenton,
was called out, and in his usual hap
py characteristic style, he entertained
the audience for some time. The
Major didn't speak very willingly, but
he spoke well. A feeble call for
certain editor, here nameless, was then
made, but the said editor lid not re-
spond, because he was invited there to
eat a "squar meal" and be happy one
day with the friends of his youth.
Remembering the counsels of the Graf
ty and bold Wolsey whose patriotism
was the refuge of scoundrels, "Let all
the ends thou aimest at be thy cOun-
try's, thy Gods, and truths" he was
silent, because he saw no opportunity
to promote the two former, and as for
risking himself TO tell the truth after
spending an hour with Brother Wade,
that was out of the question. Moth
ing personal in that. We all went
home full--of the things we had
seen and heard, and yet it was too
warm to be,happy. Wade wanted to go
home on a freight train. Tkeconduc-
tor would not take him except as
freight, and the agent refused to bill
him as freight on account of his dam
aged condition, unless the freight was
prepaid, and the consignee at Milan
no flied by telegraph that the consign-
ment was, "perishable property and
in bad condition. He didn't get off.
Ofcourse, after the admission above,
that he could not tell the truth, the
public will know just how much of his
account TO believe. 1t is well known
that, after the crowd was through eat
ing, it took long and urgent persuasion
to induce him to leave the table, and
then he said he was hungry, but was
to eat more.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
Railroad Items.

West Tennessee has 713 miles of
railroad, seven-sixteenths of the whole
amount in the State, while she has not
over one-fourth of the territory.
The Bowling Green Democrat of
Sept. 1st says: ''We deeply sympa-
thize with Mr. James Montgomery,
Superintendent of the Louisville &
Great Southern Railroad at this place,
and relatives and friends, in the af>
ficting bereavement falling so heavi-
ly upon them. His son, Mr. Harry
Montgomery, full of young life and
hope, who but recently led a young
bride to the altar, departed this life af-
ter a painful illness on Thursday
night last. He was young gentle>
man whose death is much regretted.
1t begins to look little like our
Tennessee Central road will be finished
to Trenton soon. The Merchants En-
change at Nashville is considering the
propriety of lending a helDing hand.
We believe it will be one of the best
investments Nashville can make. A
large scope of country here would
trade more largely with that city if
we had direct line. Col. Cooper de-
serves the thanks Of our people for
the energy be displays in the matter.
We give in another column the pro-
ceedings Of the meeting referred to.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13

household necessity by many. 1t is
a fine remedy for headache and pains
of different kinds.
Our handsome and gallant young
friend, J. Quincy Pearce, arrived yes
terday from Louisville with his charm
ing young bride-nee Miss Gertrude
Pickens, ofthatcity. They were mar
ried on Tuesday. May all their
bright anticipations be realized.
Mrs Duffy has opened upa bewild-
ering array of millinery and dress
goods. 1t does seem to us that any
one could get suited in her house,
either in style or price. Zee her local
notices for particulars, and then go
and see thegoods. We can't do them
justice.
Harrison, Donnell q Co. are doing
a large business already, and are pre-
pairing for a tremendous increase.
They have secured more space, have
bought a large stock of goods and will
add to the assortment every week.
They sell cheap for cash. Tom. Har-
rison, Phil. Donnell and Steve Robin
son are team that is hard to beat.
The Memphis Appeal nearly every
day notices one or more country edi>
tors in that city seeking ADVERTISE
ments. Notwithstanding the fact
that our home advertisers keep the
columns of the EXCHANGE comforta-
bly, full, we could make room for a
few more short cards; but We have not
the time-nor the cheek-to spend
week soliciting them. We are kept
busy now day and night with thework
which Is crowding US. Milan is open
ing up with a heavy fall trade, and
manufacturers, cotton brokers and
jobbers will do well to remember that
our paper is read by everybody for
many miles around.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
James Again.

Some one writing from Brownsville
to us, and signing himself GA friend
of j. W. j." says that James, who
was arrested at Bradford, is a fraud,
and 'that he would like to personify
Jesse w. james" who, he says, "is
dealing in cattle on the Rio Grande
River, sometimes in Texas and again
in Mexican outlaw, it is true; but
he never was accused by any of his
most bitter enimies of horse stealing"
He says he knows Jesse W. James
well, and that he has never had any
thing to do with bank robberies. We
give this much of the letter for what
It's worth, knowing nothing of the
author.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
CITY COUNCIL.

SEPTEMBER ~, 1911.
Board met pursuant to adjourn
ment. Present, Rankin, Mayor,
Dickinson, Hale, Edwards, Reeves,
Stone and Williamson, Aldermen.
Minutes read and adopted.
Petition to have new well bored
on Railroad avenue was presented and
laid over until next meeting under
the rules.
The following accounts were al
lowed and paid:
D. A. Taylor, $3.50
A. J. McEwen, SOC.
J. L. Mcdonald, s2.75.
Thomas Burns, S1.00.
Ordered that William Cole pay
municipal taxes for the year 1876 on
$3.50, that being the value of his real
estate.
Street committee reported adversely
upon the propriety of opening Robert
son street.
Ordered that the Mayor collect the
Sexton fees, and from all living be-
yond the corporation limits an addi-
tional fee of 30 cts. Board adjourned.
S. f. RANKIN, Mayor.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
Robbed.

An old man, whose name we could
not learn; from Water Valley, Miss,
was robbed in open day light last
Friday at the depot. 1t seems he
was under the influence of liquor, in
the sitting room, and had his hat on
the floor, with his pocket book it.
Bill Russell, colored, was seen to take
the pocket book and make of with it.
He was afterward arrested and bound
over to court. 1t is thought another
negro had hand in it. About
twenty-six dollars were in the book.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
Personal.

Miss Mamie Smith, of Macon, Ca,
is visiting the editors family here. =
Col. Tom. Neal, of the Dyersburg
Gazette, passed down the road last
Sunday.
Messrs j. C. McDearmon and w.
NJ. Hall, of Trenton, visited our town
last week.
Z. Schwarzwald, Esq, of McKen>
zie, called on US yesterday. He is
very successful painter of that
place, and has done several excellent
jobs there.
Capt. Henry Jones, late of the L.
d n. road, spent day or two in Mi
Ian, last week among his friends. We
were all glad TO see him. He thinks
of going to San Antonio, Texas, soon,
where he proposes to open first-class
hotel. He will make model land
lord, and travellers will be fortunate to
get into his house.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
AROUND TOWN.
Hard rain last Sunday.

Hard rain last Sunday.
Do you want two good milk COWS?
Come to this office.
No Sunday-school or preaching last
Sunday morning, in consequnce of the
rain.
An infant son of w. NJ. Smith,
Esq, died here last Thursday and was
buried on Friday.
The street novelty last Saturday
was 4 water melon auction. 4 wagon
load brought about five dollars.
Our druggist friend NJ. L. Baird is
as lively as a cricket. A ten-pound
girl dropped in at his house last Satur-
urday night.
Mrs Crews, from Trenton, has re-
opened the Central Hotel in this city.
She has had much experience in ho-
tel heeping, we learn.
Nesbitt & Turner have opened
new meat house on Front Row, where
they will keep full supply at low
rates. See their "local notice"
w. W. Harrison, Secretary, has
our thanks for a complimentary tick
ct to the Gibson County Fair, which
begins October 10Th, and continues
four days.
We are in receipt of copy of the
Premium List of the Dyer County
Agricultural and Mechanical Associa-
ton. The fair begins October 10th
and continues four days.
Mr. w. o. Chapman passed through
town Tuesday with pair of beautiful
Cotswold sheep, which he had bought
of. w. Thomas, Esq. They were
as fine as We have seen here.
We lave an okra stalk on exhi-
bition in this Office that is a wonder
in vegetation. 1t is as tall as a pref
ty high tree-we don't like to say
how high. 1t was grown on the farm
of Mr. ]. W. Thomas.
Mai. Hallstrom is receiving a beau
tiful stock of new millinery goods
from New York sand other eastern
cities. Our lady friends will enjoy
rare treat by going to the store and
inspecting the many new and elegant
goods.
DR. Ragland's celebrated Lightning
Relief IS advertised in our locals this
week. This medicine has become very
popular here. and is considered a
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
Bradford.
SEPTEMBER 11th, Is

SEPTEMBER 18th, 1877.
We have written none for the EX-
CHANGE for some time. We thought
we would tell you of what had hap
pened for the last week. On last
Wednesday the 9th inst, Messrs Lit
tie d Swindle's dry goods clerk, Mr.
w. L. Barton, was married to Miss
T. T. Cam, at the residence of her
father had four sets of walters. Ev-
erything went off smooth and nice,
and ncg they are keeping house in
our village. We wish them a happy
life together and hope they will pros
per and do well.
Miss Cora Moore, of Milan, spent
the day in our town last Friday.
Hope she enjoyed herself and will
come again soon and stay longer.
Thorne's troupe is'playing here this
week. They had large crowd last
night, and think they will have larger
one tonight.
Crops look promising. People ex-
pect to reap a large harvest for their
labor. Wheat and ccrn are low.
Sickness is still raging in our vicin-
ity. A great many deaths occurred
the past week. Unce Hency Kinsey,
one of our oldest citizens, died last
night with a congestive chill. Mrs
Crowder died yesterday; we have not
learned her disease.
A. j. Landrum is having him q
fine dwelling house put up. We are
glad to see our town prospering.
Our merchants are receiving large
stocks Of fall goods. Trade has been
very good for some time and we an
ticipate that it will be better for the
next two months.
Brooks & Phipps have bought out
Coley q Dickinson's drug store. We
hope they will build up large drug
trade here this fall.
The Baptist Association commences
here next Saturday. We expect
more people on that occasion than has
ever been in Bradford at one time
before. JIM.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
Eureka Chill Cure.

Our Iron Pill lrW cure chIlls. beyond
the possibility of a doubt. This REM
edy contains no arsenic, strychnia or
other poisonous medicine. If taken
strictly according to directions, We will
guarantee a cure in every case with
only one box. We mean what we say.
YOurmOney will be refunded if you are
not cured. COLEY Il DICKINSON.
We refer to the following gentlemen,
who will cheerfully testify to its merits;
Rev. j. p. Weaver, Rev. w. L. Fau-
cett, w. ". Moore, VIM. P. Jacobs,
Esq, Il. Z. Harlan, j. Ii. Fields.
The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-09-13
ThOrne's Comedy Comedy.

On account Of the bad weather, this
popular and favorite troupe did not
have as full houses here last week as
they usually get; but that did not pre-
vent them from doing some as good
playing as We could ask. We have
seen star actors who did not dosO well
as Miss Bonnie Meyer and MrThorne.
They both deserve full houses every
where, as they are indeed superior ac-
tors. Messrs Nolen and Carroll, too.
are fine performers, and make friends
wherever they go. The latter gen
tIeman has versatile talents. He is q
very excellent engraver, as can be
seen by examining the beautiful show
billsand posters of the company, which
were executed by him, without engra-
vers' tools. The balance Of the COM
pany is good, but needs little prac-
tice to be perfect, We are pleased to
learn that Bradford gave them full
houses two or three nights this week.