The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-01
ATLANTA'SBROKENBA BANK
A REPORTERS STORY sTIRs UP
THE TOWN.

He Wrote That Nothing But the Build
ing Remained Of the 100000 OF
Assets of the Institation-His Report
Denounced by the President and
Cashier of the Bank.
ATLANTA. GA, March 31.-S A. Rossns
field. a reporter on the Macon EUening
NstOs, Is in very hot water on account of
report sent 20 his paper of yesterday relas
tive to the Gate City Bank failure. But for
the fact that Rosenteld had returned to
Macon and was out Of reach OF personal
handling when the paper containing the OBJ
Jeottonable publication reached here, ne
would undoubtedly have been mixed up In
lively 1ght. He was diligently sought for
by @. s. McCandless, cashier Of ths
Gate City Bank, Dan Rountree, John
Ryan and several others who felt aggrieved.
These gentleplen we're excited, and to thoss
of whom inquiry was made plainly stated
what they wanted with the Macon news
paper man. When his departure was
known the following card was prepared and
published by Cashier McCandless:
WORD TO rHE PUBLIC.
My attention having been called to q very
ning Netos, and which contained gross false
hoods as TO the condition Of the Gate City Ma
ttona Bank, and also in regard TO the president
and the cashier, and which signed by
3. A. Rosenfeld, purporting TO have been writ
ten In Atlanta by him, undec date OF March 30.
| have made diisent search this morning
to find the author OF the article that I
might deal with him In person, but have been
unable TO find him, as he has moved to Macon
aud does not live hero. Ny only recourse now
is to publish S. A. kosenfed to the public an
unmtigated malicious liar and slauderer, and
l Internationally and uureservedy deuouuce
him as such With this card dismiss the mat
ter as far as newspaper controversy is cons
E. 8. McCANDLEss.
WHAT THE ARTICLE CONTAINED.
The article referred to was about the
grand jury investigation OF the bank case in
which R0ssnfeld said that 'out of nearly
81 100000 OF assets only the bank building
remained . that 1880. 900 had been looted !"
that it was believed the grand jury had
prepared bills Of indictment against l.. J.
Hill, president, and Il. 3. MoCandless,
cashier OF the bank" The whole story was
highly sensational, and the Gate City Bank
officials feel outraged.
To-day IL was learned for O fact thAs
when the bank failed w. II. Patterson, q
broker was indebted TO IL about S35, 900 on
personal paper, which is iu violation Of ths
federal banking law and renders the bauk
liable TO forfeiture OF It's charter. Mr.. Pate
terson was cashier Of the Citizens BANK
which caused panic ten years ago by its
heavy failure. Since the bank closed he
has lQuidated part Of his indebtedness, SO
that at present it comes within the amount
allowed to be loaned one individual under
the law.
DARNELL KICKING.
District Attorney Darnell is apparently
| highly wrought up at the action Of the de.
| partment of justice in stopping the inyesti-
| cation, and states that he will give the pub
| lilo all bhe details II the investigation is noS
| officially proceeded with. In discussing
| Attorney General Olneys action he said.
81 think IL is an outrage for anybody to-
clog the wheels OF justice. Capt, Jackson
and myself were working hard and cons
scientiously on the case, when here comes
an order from the Attorney General 20 stop
the proceedings. For my part / don't see
why the Attorney General wants to musz
with criminal cases down here in Georgia.
We are going TO the bottom OF the whols
thing and would have caught ths whales as
well as the minnows IL We had been Left
alone
1.-THE grand jury was never free given ao-
cess to that bank. Somehow or other wa
couldn't get right into the banks affairs as
we wished to, and | believe it would be
right for me 20 tell everything know ir
this matter Is not prosecuted TO the end.
'Hew TO the line, let the chips fall where
they may Is my motto, and Capt Jackson
was with me-" 10 view OF District Attor~
ney Darnells severe criticism OF the de-
partment of justice the possibility Of his
removal from office on that account was
discussed among lawyers. His term ex-
pires on April 4, and he will then 20 out OF
Office, but the idea discussed was that Mr.
Darnell might be removed to preserve the
dignity Of the department.
CAPT. JACKSON TALKS.
WASHINGTON, March 31.-Capt. Henry
W. jackson of Atlanta. special United
States attorney in connection with the Red
wine defalcation in the Gate City Bank,
whose presence in Washington at this tim
has excited a good deal Of Interest, has this
to say on the subject:
ut is an error TO suppose that my press
ence in Washington has anything to do
with the Gate City Bank affairs. | have
three cases before the United States su-
prene court. and as it is a body that waits
for no man, was forced to be here. Know
ing that Attorney General Olnsy
had ordered a temporary cessation
of the investigation OF the banks
affairs, the people Of Atlanta
connected my departure with that fact
would have come anyhow and my coming
would have stopped the investigation any@
how. have seen the Attorney General bua
am not at liberty to state what passed be-I
tween us. The information will have to
come from the department Of justice.
will state, however, that It is his
intention TO probe the affair TO ths
bottom. There will be serious devel-
opments, OF course. It is no secreo
in Atlanta that have prepared several pa
pers for presentation TO the judge and jury.
leave for New York Tonight and will
spend Saturday and part of Sunday az
Cambridge. / have son at Harvard.
will be in Washington on Monday and hope
TO leave on Wednesday next. presume
that the investigation will be resumed as
soon after my arrival in Atlanta as possi-
ble."
Joseph James, recently appointed attor-
pey for the Northern district Of Georgia.
was with the Attorney General yesterday
morning, bus Mr.. Olney gave him no in~
structions In regard to the Gate City Bank
matter. It was not mentioned.