The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-03-31
ATL ANrA's BANK SENSATION.
An Explanation of the Sudden halt
Called From Washington.

Called From Washington.
WASHINGTON, March 3O.-It is authori.
tatively learned at the department of Jus
tice that special counsel, Henry Jack
son, employed in the Gate City National
Bank case of Atlanta, Ga, has not been
removed, but any further action on his art
in the case has been suspended until At
torney General Olney and Secretary Carlisle
of the treasury department agree upon a
course 20 be pursued. The Gate City
National Bank case, as far as the information
reached goes, has assumed a very peculiar
phase. The bank to-day, in the opinion of
the treasury officials, is in position TO open
It's doors and pay of every dollar Of its in
debtedness caused by the defalcation of
Redwiue, its cashier. but there is said to be
some disagreement as to who shall consti-
Lute the board Of directors, aud for that
reason principally the bank has not been re-
opened. On the other hand it is intimated
that several Of the old directors are open to
the charge Of having wrongfully taken
money from she bank. This view is said to
be held by Special Counsel Jackson, who
was formerly the attorney for the bank.
Capt. JacksOn's son. it will be recalled,
committed suicide shortly after
way not clearly indicated the
suicide of young jackson was connected
with Redwine's defalcation. Capt. jackson,
the special counsel in this case, was natur-
ally very much grieved at the suicide of his
son, and the intimation uuofiiclally thrown
out here is that Capt. Jackson has become
overwhelmed with grief and has made very
wild statements and insinuations against
some Of the old board of directors, so grave
in character that the government has felt
called upon TO stop further action on his
part in the case until q most thorough and
searching investigation Of the banks oondi-
tion can be made
Capt. jackson arrived here to-day. Capt.
jackson had an interview with Attorney
General Olney this afternoon, after which
the Attorney General and Secretary Car
Isle had a conference on the subject. At
torney General Oney said the matter was
still held up, and as Capt. jackson would
be here for several days engaged in cases
before the supreme courB, he would not take
any further action until Capt. jackson re-
turned to Georgia. In the meantime both
Secretary Carlisle and Attorney General
OlneY will endeavor TO obtain all the light
possible on the matter, so as to render their
final decision.
OFFICIALS UNDER A CLOUD.
ATLANTA, GA, March 3O.-It has been
rumored here to-day that Indictments had
been found against officials of the Gate City
Bank for criminal completely in the failure
Of that concern. Presidents L. J. Hill left
for Washington to-day and his departure
has given rise TO good deal OF sensational
speculation as 10 the connection his trip
may have to the abrupt breaking off of the
grand jury Investigations. One of the
rumors is that Attorney General Olney or
dered the investigation 30 stop because if
certain steps we're taken just at
this time the future existence of
the bank would be jeopsrdizsd. The
fact that certain men were indebted to the
bank heavily when it failed is regarded as
a significant point now, and the theory is
that if the details of this feature of the
banks trouble are brought OUT the charter
will be forfeited and the $400, 900 now In
the vaults awaiting distribution among de-
positors will be tied up indefinitely. To
prevent this, it is said that the Attorney
General stepped In and stopped the investi-
cation, hoping to get the banks affairs
Strengthened out without forcing a financial
crisis before the full light of the law is
turned on.