The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-28
LLOYD'S BANK WASL0OTED
Officers on the Inside Wrecked The
Little Institution.

Vice President Crovatt and the Direo-
tors Accused Of Criminal Negligence
in Not Properly Looking Into the
Banks Afairs-The Grand Jury Or
dered to Silt the Matter to the Bot
tom.
Brunswick Ga, June 27-Evory indica-
ton points tonight 10 the complete col
lapse of the plans to reopen the broken
Brunswick State Bank and the predic-
[ ions made by the MoRNING News CORE
rpondeut last Tuesday night have been
confirmed that gigantic game Of BLUM
have been worked on the depositors,
stock holders and directors. The bank
has been wrecked by officers on the in
side, but the people against Vice
President Crovatte and the directors
is that OF criminal negligence in not being
posted on the inside affairs. In defense
the officers claim that they repeatly tried
TO examine the books while the bank was
thought solvent, but were put off on one
pretext and another until the crash came.
The depositors have been duped for weeks
past by statements that the bank would
bereopened on certain conditions by Marsh
d Thayer, northern capitalists.
These conditions were all com
piled with. The officers made these
statements in the best of faith but were
themselves misled. Marsh & Thayer
spent a week here investigating, then Sc
cured big individual security and left
for home, and the belief now is that they
will never come back.
UNLAWFUL LOANS.
Money was borrowed from the bank
without the knowledge of the directors in
extra large amounts on very poor, if any,
security, and the depositOrs will not re-
,alize much. The poor people are hit hard.
More of them were caught in this one
bank than the other two broken
banks combined, and the depositors are
now looking to the courts for satisfac-
tion. Judge Sweat to-day charged the
grand Jury to go to the bottom of the case
and indict every man guilty Of criminal
neglect. His charge created tremen-
dous sensation. and is expected to involve
every official of the bank, if street rumors
of their negligence can be substantiated.
The directors are all prominent business
men and perfectly honorable, but are
charged with neglect of duty. The peo-
pie are loud in their praise of Judge
Sweats charge, and believe he is doing
his duty.
THE MANTEL OF CHARITY.
Through the courtesy Of Official Ste
nographer Toomer, the MORNING News
correspondent was furnished a copy of
the charges for reference. In reference
TO the late president, c. B. Lloyd, Judge
Sweat said it was not the province Of the |
court nor the purpose of the law so far as
criminal conduct is concerned, |
70 pursue the dead, and it
10 no md
that as no person is pre-
sumed to be guilty by |
the law until after trial and conviction,
therefore whatever his conduct or acts in
connection with the bank may have been !
and so far as charges Of criminal mis- |
management is concerned, it was proper
TO throw the mantle of charity over the |
departed. But he considered it just to |
say that Mr. Lloyd made every sacrifice
in his power to repair any wrong he |
might have caused. Judge Sweat then
instructed the jury to turn their attention
TO the living and discharge the duty they
were sworn in for.
LLOYD NOT SUICIDE.
Rumors have been circulated alleging
thatC. B. Lloyd, president of the broken
Brunswick State Bank, who died last
night, committed suicide. These rumors
are untrue In answer to a note from
the MORNING NEWS correspondent, JIe 1Ol-
lowing statement from the attending
physician was received:
The report that Mr.. c. B. Lloyd committed
suicide is utterly false and without any foun-
dation 1 attended at his bedside during his
entire last illness, and he died of garlisti and
general nervous breakdown from financial
worry and business reverses.
HUGH BURFORD, NJ d.
Dr. Robert E. L. Burford, another at
tending physician, also denied the report
officially. Mr. Lloyd has been sick for
months. The day before the national
banks failed Mr. Lloyd left sick bed for
New York. Arriving there he was
taken sick and after lying in bed ten days
left for Brunswick. He was obliged to
stop in Savannah on his return for medi-
cal treatment, and could only be up few
hours each day before his final collapse.
Mr. Lloyd decided every dollars worth of
property he owned over to the bank, all
his life insurance went for his debts, and
he made every effort to repair what he
had unfortunately done.