The age-herald., 1901-10-27
President Dent and Cashier Young of tufauIa Bank
 GO to Montgomery
WILL WAIT ON GRAND JURY
Bank Officials In Controversy With Former Governor Oates Relative to $37,0oo of Bonds De-
 posted by Him.

Montgomery. October 26.-(Special)- The officers of the Eufaula National Bank which suspended last Monday came to Montgomery tonight in company with the national bank examiner and United States District Attorney Reese. It was expected that a warrant would issue for the arrest of the officials upon their arr rival here, but after mature deliberation the district attorney decide that there was a question of Jurisdiction as between the Federal and State authorities and consequently no arrests were made
 Messrs. s. H. Dent, president of the bank. and E. B. Young. cashier, were ac- companied to Montgomery by W. s. Reese, district attorney; G. H. Dent and E. H. Dent brother and son respectively, of Captain Dent, and c. w. Jennings, wealthy young business man of Eufaula. The party went directly from the train to the office of Mir. Reese in the federal building.
 After a brief conference MT. Reese told the bank officials that it would be neces- sary for him to confer with certain per- sons, and made appointment to meet Messrs. Dent and Young at his office again at 9:3o o'clock Mir. Reese was then driven to the residence of Governor Oates.
 It is said that from the information se- cured by MT. Reese from the national bank examiner in Eufaula the district at- torney was unwilling to make an affidavit against the bank officials. It is said fur ther that Governor Oates also declined to make aneaffdavit. At any rate Mir. Reese Kept his appointment with the Eufaula party and announced that owing to the fact that the examiner had not completed his work of Investigating the affairs of the bank he was willing to let the matter rest until the grand jury meets in Montgomery Monday, Novem- Der 4
 All Parties Are Reticent.
 Captain Dent and his son then went to the suburban home of his son, Hugh Dent. Mir. Young, G. H. Dent and MT. Jennings spent the night at hotel The entire party will return to Eufaula to- morrow morning.
 A|correspondent of The Age-Herald saw MT Young at his hotel tonight. He cor roborated the foregoing statements and said he had nothing to say about the bank failure except that he believed by judcious management 1t would be pulled through and creditors would be saved from loss.
 G. H. Dent and MT. Jennings, who were present, said they were large creditors of the bank and that they came to Mont gomery prepared to make any amount of bond that might be required.
 G. H. Dent said that the affair grew cut of a contention by Governor Oates that he had left bonds in the bank for safekeeping. He said the bank would claim that the bonds were on deposit and were to be treated as such in settling the affairs of the bank.
 Mr. xua aarf a ha r. ter. He was interviewed at his home late tonight. He admitted that he had been to Eufaula, and being pressed for infor- nation corroborated the statements made here. He said it was an official matter he did not care to discuss, as the exam incs had not completed his examination He declared. however. that Governor Oates had not taken the initiative in the matter and did not know that Captain Dent and MT. Young were coming to Montgomery tonight. The loss of Governor Oates is placed to- night at s37,ooo in unregistered bonds by the bank examiners.
 Governor Oates denies that he had con- scented for the bank to use the bonds.
 T-e Eufauia National Bank, one of the oldest in the State. failed last Monday. Its failure came as a surprise. as it was managed by some of the ablest men In Eastern Alabama and was thought to be perfectly solvent.
 Governor Oates Claim.
 Former Governor William c. Oates of Montgomery, 1t is said. claimed to have deposited with the bank $37,000 of Ala bama bonds of class A some eighteen years ago with the express understand ing that the coupons of said bonds were to be clipped and placed to the credit of the depositor. The money for these cou- pons had been regularly paid, but Cover nor Oates naturally felt safe as to his deposits. The bonds were not registered. It is understood that when the national bank examiner begun his investigation of the banks affairs that he could not find but two of the Oates bonds of s1O00 de- nomination each. What has become of the others is secret supposed to rest alone with the cashier of the bank. E. B. Young, who has long been one of the most respected citizens of Eufaula The cashier 1t Is understood, had been given no authority to use the bonds, and it ia also stated that the president of the bank. s. H. Dent was not advised of their use.
 VIII Not Give DetaiIs.
 General Oates admitted that he was very heavy loser by the failure of the bank, though he declined to give par ticulars for publication and would not state what steps he would take to recover the amount.
 General Oates does not come under the head of general depositors. The above dispatch announcing the ar- rival at Montgomery of the president and cashier of the bank is the latest develop ment in the situation.
 
 Alfred DoIge Owes $1,647, 7,o43.