The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-04-11
eEEoRe1A's BANK LAW.
Everyone Who Was Ever a Stock
holder in a Brunswick Bank Sued.

Everyone Who Was Ever a Stock
holder in a Brunswick Sank Sued.
rom the Brunswick ga Times Advertiser.
A voluminous document was fled with
the clerk Of the superior court for record
Monday morning
1t was no less than the statement of a
suit which has been entered by certain
creditors of the Brunswick State Bank
AGAINST all the parties who have held
stock IN it since lis organization.
The authorized capital stock Of the
State Bank is $4,000, of 500 shares It
appears that 1850 shares have been is
sued, and from the legal aspect none of
them have ever been cancelled. To all
intents and purposes every man or cor
pOraiion which mas ever held a share of
stock IS now a shareholder
There is state law which requires the
publication of all transfer of bank stock.
Where this is not done the original re-
sponsibility of the shareholder continues
in fore.
1t appears that there have never been
any prorer transfers of the state bank
took, and, therefore, there is liability
attaching 10 $50 SHARES when there are
really only 800 shares
This suit reaches thirty-hve individuals
and corporations, twenty-five of whom
are Georgians and thirteen non-residents.
Col. c. p. Goodyear appears as attorney
tor the creditors, and while he will say
nothing for publication, he asserts that
he has good case, and will make the
parties TO the suit answer the demands
of the creditors.
The case will prove one of the seusa-
tons of the day, and will probably be
strongly contested
The plaintiffs in the suit are E. Brob-
ston & Co, Mrs. Priscilla Brobston, II.
Brobston, agent, Or. j. N, Bishop, Mrs.
M. L. Stacy, j. j. Wimberly, r. I. Hitch,
and the Brunswick Terminal Company.
These plaintiffs represent deposits
amounting to Sl7 667.05. They invite all
other depositors whomsoever to Join in
the suit against the stockholders.
The largest of these depositors is the
Brunswick Terminal Company, to which
the bank owes S9,6l9.06
There are a number of other depositors
and creditors who intend coming in as
parties to the suit.
The petition states the total indebted
ness of the bank at S142, 1873.
Following is full list of the defendants
in the suit, with the number Of their 500
shares: Thomas Fuller, 5 l.. d. Hoyt &
Co, 2; j. w. Drury, deceased, 90; Mrs. c.
kidder, Brandon, VT, 5; j. NJ. Ketcham.
Brandon, Vt, 10; w. NJ. Upper, 8; c.
Downing, 10; State Bank of Clyde. Kan
sas 30; F. Nice. Brown, 5; w. F. Scott,
Brandon, Vt, 5; r. w Peake, Bristol,
Vt, 20; Ed d. Thayer, Brandon, VT, 100;
T. B. Smith, Brandon, VT, 30; f. f..
Briggs, Brandon, Vt, 10; G. b. Lloyd,
deceased, COS; j. e Bull, Orangeburg, S.
c., 10; E. S. Marsh Brandon, VI,
100; +. E. Cunningham. 5; S. W. Apte,
2; j. I. Palmer, 174 A. j. Crovatt, 256 i;
d. Glauber, (deceased), 10; Nj. lsaacs,
10; J. L. N. Herman, New York. TO-;
Coney Il Parker, 5; Gilbert williams,
New York, 4; j. f. Rockwell (deceased)
5; Il. S. McCrary, 10; w. S. Branham, 8;
w. e. Mckay, 10; National Bank
of Baltimore, no. Lloyd g. Ad-
ans. IS; Stewart johnson, 62;
Hull & Lathrop, Savannah, Ga,
50; Chatham Bank of Savannah. 20; Sa-
vanrah Bank and Trust Company, 25; j.
II. Clark (deceased), 10.
This list foots up a total Of 1854 shares
IL is about as large number of defend
ants as ever were held to answer in one
case.
Col. Goodyear, the attorney for the
plaintiffs, says there are some features iq
the case that make it unlike any ever
presented in Georgia court.
BY the time all the defendants employ
attorneys, every lawyer at this bar will
be engaged in the case.