The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-05-23

The President of the Oglethorpe National
Bank Suicides.

Rrunswick Ga. May 1S.-(Specal.)-
President Max Ullman, of the Oslethrope
National bank, committed SUICIDE III Iiie
i toilet room Of the bank ut III CLOCK thiS
morning. Ullm4n was alSo pre fi'1il',,, VI
/, the Brunswick Brewing and Ice Company
Ifthe Cumberland route steamers NAH part
over in the firm of Mayer N Olimali, large
,lWhocsale grOcers and large StochIoluSl
ltI several big concerns OF different klhds
brunswick and elsewhere, and until To-
s counted by majority OF the citi-
one of the wealthiest men IN this
a. Immediately after the sulclue the
Iethrope bank closed its doors, followed
by the First National bank le" ninu'oS
later ,un,,n,. Last Talk
/, President w. E. Burbage, of the First
National bank, a director III the Oglethrope
National and Ullman's closest friend, WAS
the last man who saw him alive. lie
walked to the bank with Ullman about .
o'clock, both chatting pleasantly. SHORTY
afterwards Burbage came to the frSC
National and requested Ullman to repay
loan from the day before. Ullman said,
l. "AlI right wait minute, and stepped INTO
the toilet room. Burbage waiting, heard
lea report which he thought was char TALL
Ang Finally when Ullman did not return
lie went for him, and found his body sit
ting upright on a bench with bullet hole
in the center of his forehead and blood
flowing in a rapid stream to pool that
thad already formed below.
| Bnrbage hurrdly spread the news, ana
it went like wildfre.
How Interests Are Affected.
n The streets soon became crowded with
texcted citizens.
Is A slight run commenced on the Bruins
wick State bank but Cashier Cunning
llam and Vice President a. j. Croyatt
{net all demands, and Crovatt stated that
n necessary they would remain open until
y o'clock to pay any who wanted their
Rnoncy
At the Merchants and Traders bank no
$un preceptible, and Cashier Lane
1stated their readiness to pay any one who
I1Wanted their money.
J The Brunswick Saving and Trust Com
11any is also solid and no run was there.
The Ogethrope and First National bank
We're looked upon as twins, and BCrbage
and Ullm&n, the two presidents, enter
tanned Damon and Pythias friendship
for one another President Burbage stated
to your correspondent that he believed
both banks would pay out when they got
in the money that is due them. Some of
the largest depositors in both the closed
banks express the same opinion.
The store of Mayer e Ullman, one of
the largest wholesale groceries, closed tenn
porarily. The firm is composed of Sam
Mayer and NJ. Ullman. The Brunswick
Brunswick cotton factory will close tempo
rarily. President II. II. Kennon says the
factory is perfectly solvent. They owe
the First National bank a nominal amount,
but have had arranged for the money to
pay all their Indebtedness. pending the
settlement of small matter il court.
Rumors affecting the Oglethrope and
First National banks have been circulated
under cover for several days, and these ru-
mors caused a run that forced them to the
wall.
At late hour tonight it is reported that
the immediate cause of Ullman's suicide
was the receipt Of telegram from Herman
Myers. the Ogiethrope's correspondent at
Savannah that he would not send $4,000
for which UlIman W1red TO meet the de-
mand of the county treasurer; nor ex-
tend any papers he now held. Upon the
receipt of this, Ullman walked out and
shot himself. Myers is here but refuses to
talk on the subject.
Heavy Life Insurance.
JTllmans life was insured for $66,OO0.
The only companies and amounts could
be learned tonigh. are the New York l1lfe,
Mutual Life $4,000; American Legion and
Honor, $1,000.
Some Savannahans are Losers,
Savannah, Ga, May 1S.-(Special y
Savannahians are losers to the extent of
about $4,000 through the failure of Bruins
wicks two national banks today. This
amount. it is learned, was held in stock by
will admit the loss. 1t is said, however,
Mr.. Herman Myers and Mr.. J. 2. Will
liains held large blocks OF stock in the bank,
and are probably among the heaviest losers
in Savannah. All banks here had with
drawn all the money they had out in the
ton of them was known here to have been
shaky for months.
Suspension of South Carolina Bank.
hA nS