The Aberdeen examiner. [volume] (Aberdeen, Miss.) 1866-current, 1884-07-31
THE COMMITTEES PLAN.


The committee appointed by the
creditors of Green's Bank on Satur-
day, to look into the affairs of the bank |
and suggest a plan for resumption,
has issued circular to the creditors |
which will be found in another column |
So far as we have been able to ascer-
tain, the plan proposed by this circu-
lar meets with the hearty endorsement
of the creditors, and we have no doubt
will receive almost unanimous appro-
val. The prospect now is that in less
than 20 days the bank will be going
ahead. What ever objection may be
be urged to the proposed plan, flor
ourselves we see money! it must be
admitted that it is by far the best thing
that could be done under the circum-
stances, and presents the surest means
of realizing for the creditors dollar for
dollar of their money.
The plan proposed to meet the al
most unanimous desire of the creditors
that the administration of the assets
should be placed in the hands of the
Greens themselves, in whom the cred
itors seem to have unlimited conf
dence. They are at least satisfied of
the fact, that the Greens can get more
for them out of the assets than any re-
ceiver could possibly do. While the
plan suggests the surest means of
paying the creditors, it gives tic
Greens the opportunity Of saving
something for themselves. The affairs
of the creditors will rest in the hands
of men most deeply interested in
paying them dollar for dollar. The
future financial standing of the Greens
will depend entirely upon their carry
ing out this plan successfully and
satisfactorily, and we sincerely believe
they will do so more speedily and
more economically than any other
person or persons possibly could. We
are reliably informed that the com
mittee of five who drew tie plan of
resumption represented 100000 90
of claims against the bank; this should
be an assurance to any reasonable
man that they at least would not
recommend any scheme, which in
thier Judgment, was not the very best
under the circumstances.
| The unlimited confidence shown by
the home creditors in the Greens will
strengthen them abroad, and enable
them to at once establish commercial
credit, and confidence which will as
sist them greatly in carrying out the
proposed plan Of settlement. After
careful investigation the commi Of
does not doubt the ability Of Mr.. J
| J. Green to raise the $lS0,0O0, refer
red to in the circular, and his name on
the paper strengthens the chances OF
the creditors to the extent of Slo0,00l
over and above the 1000 of asset:
owned by the bank. As soon as the
bank is on its feet doubtless small de
positors will be placed at once in al
attitude to realize money on all thel1
claims againts the bank, and none.
matters in the city will be much les
stringent.
The committee appointed to invest
igate and report on this matter, arr
not only among the largest creditors
but are gentlemen of unquestlone'
integrity and fine business qualiilca
tons, who realized fully the resposl
, bility of their position and alter care
full investigation submit what the,
believe to be an equitable adlastmen
of the difficulty, to the creditors o
the bank for their acceptance OF re
lection. Creditors should sign tn
+ circular at once and return to Genera
, Writ Adams.-Jackson Ledger.