The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1898-08-20
THE BANK OF R0SEDALE.


Rosedale is subject of almost a.
much interest in Greenville rs if
, 1t had been one of the institutions
of this city. Nothing is heard bat
regret and expressions of sympa-
thy, The Hon. Charles Scott,
president of the bank, is held in
such high honor in Greenville that
the failure is considered here chief
Iy in relation to its effect upon Mr.
Scott personally. 1t Is a gratifca-
tiOn to all his friends to know that
so firm is public confidence in him
that feeling of absolute security
Is general among depositors and
creditors, in view of his generous
and most honorable assurances
that he will hold himself personal
| Iy responsible for the payment Of
every dollar. 1t Is indeed prec-
ious tribute to the high and noble
character Of the man himself that
III this emergency political differ
cnces have been forgotten, and
those who have opposed him, even
with bitterness, hasten to unite
with his personal friends in sym
pathy and assurances of confidence
in his promises.
The following, from the Bolivar
Democrat, is Mr.. SCOTS personal
statement, and acknowledgement
of the public sympathy so gencr-
ally expressed
"Tho suspension of this institu-
tion that successfully stood the
stormy times and acute panies Of
recent years was q great shock TO
our community. To its president
it was Il thunderbolt from clear
sky. There is for him only one
thing to relieve the darkness, the
touching confidence and devotion
of this people, Factional differ
ences have been ignored, and the
anti-Scotts have warmly We'd with
the SCOTS in their kindly expires
sions. They all have his profound,
his heartfelt thanks.
The assets Of the bank, wisely
conserved, will more than pay its
liabilities. As for the depositors,
they will be paid in all events, and
put to as little inconvenience as
possible.
1t seems unnecessary at the mo
ment to say more, leaving the fol-
lowing communications to speak
for themselves"
The communications referred to
are a statement from Mr.. Scott,
made in the absence of the cashier,
announcing the embarrassment of
the bank, and promising that his
own and his wife's property, and
the proceeds of his law practice,
which is worth $4,000 a year,
should be devoted to the payment
.Qf the banks obligations. 1t is
believed by Mr.. Scott that the
assets of the bank will be more |
than sufficient to pay all liabilities
in full, and THE TINES earnestly |
concurs with the public generally |
in hoping this may be the case,
and that it may not be necessary |
for Mr.. Scott to make the sacrifices
he offers; and which he will doubt
less make, if needful. He asks
the kind indulgence of depositors |
for any inconvenience occasioned |
them, and such charitable forbear-
ance as they may feel disposed to |
extend to one suddenly oyertaken |
by great misfortune.
A communication from Mr.. |
Martin, cashier of the bank, fol
lows, in which he also offers all |
his property for the benefit of the |
depositors,
Al a meeting of depositors, held |
on August 18th, the following res
olution was unanimously adopted
"We deplore the financial EN-
barrassment of the Bank of Rose
dale, and hereby desire to express
our sympathy to the Hon. Chas.
Scott, its president, a man in
whose honor and integrity we have |
full faith. His noble and unpar-
alleled conduct in personally guar
anteeing depositors is deserving of
unstinted praise.
DISINFECT THE STATE.