Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1886-12-14
IMPORTANT SETTLEMENT.
The Bank Of HOpkinsville Adjusts
The Wallace Matter.

tne oauk VI nopklubVll16 AuJ usvs
The Wallace Matter.
The Bank of llopkinsville affected
a settlement last week with the
friends of the formef cashier, James
A. Wallace, who became defaulter
in the sum Of $4,000 on Jan. lst,
1884. The details of that matter are
fresh in the minds OF our readers and
it is unnecessary TO give them in this
connection. Since Jan. 1884 there
has been a standing reward of $1,000
for the apprehension Oft the late cash
Ter and civil actions pending against
his bondsmen. Overtures for set
Element were made last spring and
the President OF the Bank issued
circular tothe stock holders and was
authorized BY the owners of major
ity of the shares TO effect Il settlement.
The Bank was to receiye cash and
other assets amounting to about
$4,000 and all proceedings against
Wallace were to be dismissed and his
sureties released. This of course
had no reference 10 the indictments
against him.
For several months nothing furth-
or has been heard of the proposition,
but the matter again came up and was
definitely settled last Thursday,
Judges ]. |. Landes and Il. L. Petree
acting as attorneys for Wallace. The
following Is the
AGREEMENT.
WHEREAS: 4 suit is now pending
In Christian Circuit Court by the
Bank OF Hopkiusville against Jas. A.
Wallace, late. Cashier Of said bank,
and II. Il. Littell and others. sure
ties OF said Wallace on his official
bond as such Cashier for $4,000 and
interest thereon.
And whereas said Wallace is furth-
or indebted and liable TO said bank
for other sums and amounts created
al different times as evidenced by dit
ferent obligations and writings.
Now, in order to settle and cOmpro-
mise all matters and things in litiga-
ton in said suit, and to compromise
aud settle all claims and demands of
every kind which said bank holds
against said Wallace and his surety,
IL. II. Littell, has this day paid to
said bank $l2, 800 in cash, viz: said
Wallace 10000 and said Littell
$500, and in addition thereto said
Wallace has assigned, transferred and
delivered TO said bank two life insu-
rance policies on the lives Of said
Wallace and j. Z. Cant, viz: Policy
No. $40 (paid up for 81, 1926, issued
April IS, 1878, by the Southern
Mutual Life Insurance Compa-
ny of Kentucky on the life
of said Wallace. The other paid up
policy (new numbeD 2G6,4l9 (old
number) 1854, on the life of j. G.
Cant, issued by the Mutual Life In
surance Company, of New York,
Aug. 5, 1885, and held by said Wal
lace az assignee of said Cant. Said
policy for the sum of 2,495. The re-
ceipt of SAID money and policies is
hereby acknowledged by said bank,
aud In consideration of all which the
said Bank of lIopkinsville hereby
agrees 10 dismiss said suit In the
Christian Circuit Court above named
(as settled) aud further agrees TO
surrender all claims and demands for
money against said Wallace of what
ever kind or character held by said
bank.
Aud also agrees to withdraw the
reward heretofore offered by said
bank or its officers for the capture
and delivery of said Jas. A. Wallace
charged with embezzlement aud
grand larceny. Said suit is to be dis
missed at the next term Of the Chris
tian Circuit Court, each party paying
his own cost, and said reward 10 be
withdrawn as soon as II can reasona-
bly, be done. This Dec, 9, 1886.
Bank of nopkinsville.
By L. p. CAMPBELL, Pres.
This receipt given by order of the
/ Board of Directors of the Bank OF
, Hopkinsville at the office of SAID
Bank, in IIopkinsville, Ky, this
Thursday, Dec. 9th, 1886.
II GEO. o. TuoMrsoN,)
JNo. p. GARRETT, Directors,
DAVID II. BEARD,
In addition to the $4,000 dofalca.
ton the Bank held three notes which
with accrued interest amounted &c
2 over $4,000 each. These notes were
I due Dec. Is, 1882, Dec. Is, 1888 and
y Dec. l3, 1884, and we're signed by j
) X. Cant, Sr., deceased, NJ. Cant and
a j. c. Cant as sureties. These sums
i. added tothe $4,000 made the tota
amount to be settled $56,63l u.
: AMOUNTS RECOVERED.
Complete statement of the settle
ment:
Received May 4, 1884,
Q insurance policy. 49,. l,046.0'
s Received Dec. 10, 1886,
i cash from Jas. A. Wallace l00OO.O|
a Received Dec. 10, 1886,
cash from Ii. r. Littell
surety on bond. ..,....... 2,5OO.V