The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-11
AFFAIRS AT ORLANDO.
Fraternal Action of Confederate and
Federal Veterans.

Orlando, Fla, May l0.-This place has
a Grand Army of the Republic post and a
camp of confederate veterans. The Grand
Army Of the Republic men held a meet
| ing last night and completed preliminar nv
arrangements for the proper observance
of Memorial day. They decided to invite
the veterans to Join with them in the re-
| lgIOus services, as well as in the decora-
ton of graves of old soldiers-both those
who wore the blue and the gray.
Orange county is out of debt. Three or
four years ago the county undertook to
build in this place, the best court house
in the state 1t put up the building, but
has been carrying quite debt until yes
terday, when warrants were drawn on
| the treasury, which is prepared 10 meet
the drafts, for the last of the indebted
ness.
Arthur F. Odlin, whose sawmill at
Windermere was burned recently, has
| brought suit against the receiver of the
Florida Midland railroad for $l5, 600,
which he claims as damages for loss of his
mill 1t is alleged that negligence on the
part of the operators of the railroad
caused the fire.
A deputy United States marshal has
been in this section securing jurors FOR
the term of court in Jacksonville set for
May 81. That date has been fixed for the
trial of Nat. PoyntZ and Ollie T. POyntz
president and cashier, and J. B. PARA
more, J. H. Lee and w. X. O'Neal direc-
tors Of the suspended First National
Bank of this place. There are three in
dlctmenUs against each Of the directors,
and twenty against each of the Poyntz
brothers.
Sherin Anderson left early this morn
ing for Paola, for the purpose of investi-
eating the breaking of safe and robbery
of the store of Edgar Harrison, which oc-
CURED night or two ago.
On July "a last the First National Bank
of Orlando closed its doors. It had been
regarded as one of the safest banks in the
state, and it had the confidence, as well
as the shekels, of many people of this sec
tion. It has been in the hands of re-
ceiver since then. A few months ago an
effort to reopen was commenced, and the
work has steadily progressed since then.
A plan of resumption was approved by
Controller Eckles, and all work has been
prosecuted along the line of this plan.
The day set for reopening the doors of the
bank is Tuesday next, May Is. There
yet remains few preliminaries
to be settled. But the main
requirements of the controller have been
complied with. The old stock of the
bank was S150,000. Under the new plan
several of the stockholders have dropped
out, and the capital stock has been re-
duced to SIS, 900. There is a considerable
amount of money in the hands of the re-
ceiver TO which the controller required
that $40, 900 of ready money be added to
meet the demand liabilities at the time of
opening. The $75, 900 cash for the capital
stock and the extra $4,000 has been
raised by the stockholders. A D. Lynch
Of the treasury department, an all-around
expert in banking matters, and a
gentleman to whom the depart
ment trusts the details of settling
national bank affairs, when such institu-
tions are in trouble, will be here this
evening to assist and direct in the selec-
tion of officers and board of directors,
and the adjustment of any other details
that may appear in the final work of
putting the bank on its feet once more
In prospect of the speedy reopening of the
bank and the putting into circulation of
some $4,000 the first installment of the
banks Indebtedness to the people, has
frightened up business materially and
the residents of this section look forward
very hopefully.