The Hartford republican. (Hartford, Ky.) 18??-1926, 1908-06-05
DEFUNCT BANK
PAYS l5PERCEN7
Startling Disclosures Made in
Pedleys Report.
Parrish Family Owes The Bank
The Appalling Sum
OF S135.0O0.

T. A. Pedley. receiver of the Ow-
ensboro Saving Bank and Trust
company, filed his report of the con-
dition of the defunct institution in
the Daviess Circuit Court shortly af-
ter o'clock Monday afternoon, says
the greensboro Messenger. Ever
since it became known that the Ow-
ensboro Savings Bank and Trust
company closed its doors and a re-
ceiver was appointed to wind up the
business of the concern, the report
OF the condition of this institution
has been anxiously awaited by near
ly 5000 depositors, scattered in
thirty-siX States and six foreign
countries, and hundreds of other
people directly and indirectly affect
ed by the failure. OF course. the
major portion of the depositors re-
side in Greensboro and Daviess coun-
~.
If there were any of the depositors
sanguine enough to expect that they
would be paid even as much as fifty
cents on the dollar, their expectations
will be shattered by the following
statement in Receiver Pedley's re-
port:
"a careful estimate of the asset
incline me to the opinion that at
least fifteen per cent. are absolutely
h 4l1.f L..
portion are worth about ten per cent.
of their face value, that not avery
large proportion are worth twenty
five per cent of their listed value,
that small proportion are worth fifty
per cent of the value as listed and
that only about ten per cent. can be
realized upon at par. So that on the
whole, and upon the most generous
estimate and under the most favor
able conditions general creditors can
have little hope of realizing more
than fifteen per cent. upon their
claims, especially so in view of the
fact that about $4,000 in claims
are of fiduciary character and must
be paid in full
So astounding are some of the
revelations in Receiver Pedley's re-
port that they would be hard to be-
lieve were 1t not for the fact that
they are borne out on the books of
the bank.
The Parrish debt, which was for a
long time a matter of conjecture.
shows up in the appalling sum of
$135,O00; the Deane debts, including
the Deanfield Coal Company. are
over 100000; the T. S. Anderson
Underhill-Courtney-R debt at
$4,000.
The receivers report shows that
the officers of the bank had for
many months past exercised the ut
most Ingenuity, energy and every
facility to secure funds with which
to keep the bank alive which fact is
evidenced by over 100000 of the
assets being rediscounted or other
wise placed in hook upon such terms
as would get money and get ii quick
ly.
The following schedule shows the
principal individuals to owe the Owens
boro Savings Bank and Trust COM
pany:
II. s. Anderson $40. ... S24 ,075.00
Mrs. S. ii. Anderson 80. 10000 90
Rufus N. Crossman, T. S.
Anderson. endorser, e.. :. 100000
r. L. Courtney, T. s. An
derson endorser 80. -. 10000
w. A. Underhill and Annie
Underhill, IT, s. Ander-
son, endorser 80. go. 49,. S,46S.53
r. L. Courtney and Court
ney Bros. -. -. $50. S,6S2.45
Jas. ID. Bennett, discharged.
in bankruptcy ... 80. 80. 4,672.s
L. p. Becker -. -. ...... 1,945.97
j. w. Carter go. -. ...... 10,576.10 |
Carter, Parrish & Cole :. -. 1.941.S3
II. X. Cole 49,. go. go. 36,126.0O |
A. ]. Daniels -. 80. ...... S.192.14 |
Daviess County Title Co :. S,517.4S
J. Allen Deane 80. -. 80. 25.3S450 !
Sallie L. Deane 80. go, 80. 27,6O5.7S
Guy NJ. Deane -. -. -. 29.254.62
Edward and Guy M. Deane 30,702.7S
Edward Deane ....... -. 19.OS53O
Sue G.. Deane 80. 80. 80. 14,95554
Deanfield Coal Co. -. -. 55,207.2S
John G. Delker -. 80. 49,. S.17S.OO
w. L. Delker 80. ...a.... 100000
Fenley Coal Co. ID. s. |