The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-25

said stock to the bank, and all which pc
titioner fully believes. After having in
vestigated all the circumstances connect
ed with the holding OF said stock, that
his counsel after a full and thorough and
full investigation of the management of
said bank by said A. H. Lane, and his
participation in its affairs, have advised
your petitioner that, in their opinion, I'M
der all the facts and circumstances con-
nected with said management, that his
said son, A. III. Lane, has violated none
of the criminal laws of Georgia; that he
is also advised by his said counsel that,
in their opinion, his said son was not le-
gally bound to answer for any of the in
debtedness and loans made by him for
said bank, as aforesaid set out and that
under all the facts and circumstances, his
said son, A. H. Lane. has violated no
criminal statute in accepting the 81 900 for
one-half of the So shares of stock re-
transferred to said bank as aforesaid set
out, and was not legally bound to refund
the same; but his said counsel has al
Vlsed, and in which advice petitioner con-
ours, that his said son may be morally
bound to answer for the said loans made
by him as aforesaid set out, and should
also refund the said 81. 900 received on ac-
count of said transfer of stock as ,afore-
said; that petitioners said son is now in
solvent and unable to respond to any IL
ABILITY. and your petitioner is now ad-
Vanced in years, and while il will be a
great burden on him to do so, still,
Tor the purpose of protecting the good
ne me OF his son and rectify the mistakes
In which he may have participated or
made by the indiscretons of his youth
which have brought burdens on others
vino trusted him and had confidence in
ms business capacity, your petitioner is
now willing to assume the liability of his
said sons aforesaid mistakes. that he is
willing to pay the sum of money afore-
said. upon proper order of the court,
with the understanding that his said son
De renewed from all other and further liza
bilities of any kind, character and de-
scription whatsoever growing out of his
management or participation in the af-
fairs of said bank, and that the suit
against him as member of the firm of
Madden & Lane for ar assessment Of
said thirty eight shares of stock should
abate. and that petitioner and his said
son should not be harrassed. annoyed
and distressed by efforts at any criminal
prosecution whatever growing out of his
said sons management of said bank or
his participation in it's affairs" Then the
petitioner prays for certain relief that is
not necessary to read to the court, and
following these prayers is waiver of
service which is signed by all counsel for
parties of record at interest in said, case,
which is in the following language:
Due and legal service of the forego-
ing petition and order of the court is
hereby acknowledged, time copy and all
other and further service is waived. AT.
ter having carefully read and considered
said petition we are satisfied the allega-
lions therein made and set out are true,
and we join in the prayers of the petition
and consent for the court to Immediately
grant all of the relief therein asked for,
and that petitioner have such power and
further relief as the justice of his cause
demands, and we verify believe that the
best interests of all parties concerned.
creditors, stockholders and directors will
be subserved by the granting of the pray
ers of said petition. This fourth day of
June, 1898"
After this petition was filed and upon
this petition the court granted a rule nj
81 which appears of record, calling upon
oil parties at interest to show cause why
TIE relief prayed for, and the settlement
therein offered to be made, should not
be allowed, and then upon that petition
rule nj 81 appears of record and ac-
Acknowledgement of service and consent by
all Of the parties interested in the affairs
of this bank and which is i'm the follow
ing words: Upon hearing and carefully
considering the petition of r. Y. Lane in
the above stated case, and after a care
full and extended investigation into all
of the allegations and statements made
and contained therein, the court there
upon and therefrom being thoroughly sat-
isfied that all such allegations and state
ments are true and correct, and IL fur
Their appearing that the attorneys for
the stockholders of the Merchants
and Traders Bank OF Brunswick, and the
directors thereof. and a large majority
OF the creditors OF the said defunct bank
have been properly and legally served
with notice of said petition and the hear
ing thereon. and II further appearing that
all Of said attorneys for said several par
ties have consented and agreed that II
is to the best interest OF all parties con-
cerned and interested In said litigation
that each and all of the prayers OF said
petition OF the said r. Y. Lane be grant
ed and allowed by the court: II Is there
fore and thereupon considered. ordered,
adjudsed, decreed and directed by the
court"
The Decree of the Court.
The following is the decree of the court,
the first paragraph of which is as follows:
THAT James S. Wright. the permanent
receiver in said case, shall receive OF and
from the petitioner. r. Y. Lane. the sum
of 81. $3.50 in purchase of each and all
the items in said petition set forth, and
which are hereinafter enumerated and
described, and In full and final payment
OF all claims and demands OF every ma
ture and character against r. Y. Lanes
son. A. H. Lane, for any and all liabil-
ity Of every nature and character on ac-
count OF or by reason Of said A. n. Lanes
connection. directly or indirectly. with the
management or participation in the man
agement Of the business and affairs OF
said Merchants ana Traders Bank as
cashier. vice president, director or other
wise The items and papers 10 be sold
transferred and assigned under this order
nv said James s. Wright, re-
ceiyer as Aforesaid. and those es-
peciaiiy 10 be marked settled and paid
upon the payment Of sum by said X Y.
Lane are those described and Get out IN
he eighth paragraph Of the pstitiocer's