The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-02-19
BANKS PROPERTY
UNDER The HAMMER
WILL BE SOLD AT NOON TODAY
IN BESSEMER TO PAY CREDIT
oRs OF THE DEFuNcT INsTITU-
TIoN-oTHER NEWS.

Bessemer, February s.-(Speciai.) 1.-The
property of the defunct Bessemer Savings
bank that was recovered from the wreck
after the institution went to the wall
last June will be sold at public cutlery
tomorrow at noon. The auction will be
conducted by Capt w. H. Crook in front
of the Bessemer Trust and Banking COM
pans building on Nineteenth street.
The property to be put under the ham,
mer will be the building occupied by the
Bessemer Trust and Banking company,
several hundred acres of coal lands in
Walker county, a large farm near Bes-
semer and several building lots in this
city.
Owing to the strenuous work of the
banks receivers, the affairs Of the insti-
tuition are In fairly good condition. In
addition to the property to be sold to-
morrow, the receivership has In hand
about $32, 900 In cash and 1920 In county
script.
It is estimated that the receivers will
be able to pay between 30 and IS per cent
of the total claims filed at the first pay
ment of the first dividend to the creditors.
The settlement with the depositors OF the
former bank will be commenced as early
as practical.
New Fixtures Arrive.
The new fixtures purchased by the Bes-
semer National bank have arrived ana
will be placed in the building as soon as
1t is in shape to receive the furniture.
The new quarters of the bank VIII pc
among the handsomest and most COM
modious In the state.
Power House About Completed.
The new power house that is being built
by the Birmingham Railway Light ana
Power company, on the North Bessemer
car line near woodward station, Is about
completed.
FIattering Report Made.
The report of the Alabama Car service
showed that the railroads of Bessemer
handled during the year 1903, 6OHz cars
or the four roads doing business in TINS
CITY the Louisville and Nashville lead the
other roads with 47,1S7 cars during the
past year. The report shows an increase
of IA per cent over the previous year.
The car service report also shows that
during the month of January 1904, SOB
cars were handled in Bessemer by the
four roads running into the city. This is
n most gratifying gain over January OF
last year.
Presented With Present.
Az the residence of Mr.. and Mrs. A. ?.
Gaines on Twenty-fourth street last night
about thirty of the employees OF the Ten
nessee Coal. Iron and Railroad company
met to present Mr.. Gaines, the retiring
with a handsome gold
watch and chain. The speech of presen-
tation was made by w. II. Brannon In
few appropriate remarks. During the time
Mr. Gaines has been in charge or the
company's affairs at this place
he has endeared himself to all. He enters
business in birmingham with offices In
the First National Bank building.
Social and Personal.
The Rev. F. W. Neve of Virginia is
the guest of DR.. and Mrs. w. D. Taylor.
Mr. George w. Harris, manager OF the
Birmingham Railway Light and Power
company, was in the city few hours
yesterday. "a
The Hon. w. C. McT'yiere returned
home yesterday, after several days visit
in Birmingham.
The Hon William H. H. Judson has
returned from visit to Atlanta.
Mr.. and Mrs j. Fl. Floyd and family
have removed from this city to Alexander
City.
DR.. ]. r. Goodloe of Demopolis is in
the city.
Mr. Louis Martin of Birmingham has
accepted a position with the Fulton Drug
company.