The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-05-18
DEPOSITORS TO
Be PAID TODAY
Stevenson Will Pay Bank of
Commerce DepositorS
RESULT OF COMPROMISE
Bank Failed in July 1908, for About
$2o,ooo-odd Fellows to Have =
Grand Picnic
Today.
RESULT OF COMPROMISE

Bessemer, May IL Especial )-Receiver
George II. Stevenson of the Bessemer
Savings bank announced this afternoon
that he would pay the claims of the de-
positors of the defunct Bank of Com
merce tomorrow as per his compromise
offer The proposition of Mr.. Stevenson
WAS to pay so per cent of the claims
flied by those having regular deposits In
the defunot bank and 10 per cent of the
claims of those having time deposits in
the bank The payment of the dividends
will be made at the Bessemer National
bank beginning in the morning shortly
after banking hours.
The Bank of Commerce failed in July,
1903 shortly after the Bessemer Savings
bank, of which Capt I. j, Cornwell was
president went to the wall. The extent
of the failure of the institution amounted
to something over $4,000.
Thomas o. Smith was appointed re-
ceiver of the bank and in few months
succeeded in closing up the business of
the bank so as to get sufficient funds in
hand to pay off a considerable portion of
the losses As the Bank of Commerce
bank, the receiver of the Savings bank
sought to recover the property owned by
the Bank of Commerce Pending the
final adjustment of this case Receiver
Stevenson submitted an offer to the de-
positors of the Bank of Commerce to
compromise their claims, which were
promptly accepted by depositors.
Odd Fellows Picnic.
The Bessemer and the Marvel City
lodges, Independent Order of odd Eel
lows, will give their annual picnic at
Hawkins Springs tomorrow. An inter-
, esting programme has been arranged for
the day and every one is asked to bring
a basket. Special cars will leave BESSIE
mer over the North Bessemer car line at
10 o'clock All the Odd Fellows of the
Birmingham district are invited to at
tend.
The closing exercises of the Jonesboro
public schools, which take place ON
Thursday and Friday night, will be as
follows:
THURSDAY NIGHT.
Song, alabama Rotations" Irene
Butler Clay Burgin Alma Scott. Song,
Carrie Belle Smithson and Gladys Martin.
Recitation, Airline Mooses Drill, Come
and Play With Me- Recitation, James
Reid and Carrie Belle Smithson. Son
'.In Grandmas Day Rotations, Sam
Curl Gladys Martin, Thelma Dudley. Pan
tomine, Coming Through the Rye.
REGULATIONS, Clarence Saunders, Marjorie
Williams, Lucille Mitchum, Alice Burnette.
Song, Thelma Dudley. Recitation, Ariey
/ Payden "Newshoys Drill Recitation
clay Brown. Doll Song and march.
Recitation, Edith Lawrence Play. Court
ing of Mother Goose" Recitation. Loid
Coughlin Pantomine, "Qld Folks at
Home"
FRIDAY NIGHT, MAY 10.
Song America Prayer. REGULATIONS,
Leon Williams, Marie McGrew Helen
wilson and wellington Houston. Play
epr. Cure All" REGULATIONS, Claude Pay
den. Evah Morris Agnes Goughlin, LEILA
Cardwell, Play New Noman's Reform
Club" Pantomime, "Hiawatha, Song,
Home Sweet Home
Personal and General.
The Rev l. o. Adams, rector of the
Trinity Episcopal church, is attending
the session of The Alabama diocese in
session at Admission this week.
1.-THE Great Truths of the Twentieth
Century was the theme of the Rev. Q.
P. Spegel's sermo ntonight, who is CON
Quoting the revival ct the First Christian
church this week
Mrs. w D. Lanier, who attended the
grand chapter of the Daughters Of the
Confederacy al Mobile a delegate from
the Bessemer chapter, has returned home.
Mrs. w. d. Taylor entertained at bridge
whist this afternoon In compliment of her
sister, Mrs. A. s. Bozeman of Meridian,
Miss.
Mrs. Lester Kennedy left Yesterday for
Bekley, w. Va, to visit relatives.