The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-01-28
TWO RECEIVERS
ARE APPOINTED
M TIE CASE or THE MosisuHD
BANK or THAT
CITY.
NAAI LEGAL COMPLICATIONS
rrt National Bark is Prevented
From, Becoming Assianes of De.
funct iEG Iadon-srrne'"lck
Attorneys in Sig Case.

This from the Savannah Press of
yesterday win be Of interest ia the
taaSing circles OF this city general
F
Tho petition Of Jesse Thompson
ad others against the nank OF Way,
ross and the First ational Bank
II Waycross fer Injunction and re-
.aaver. which was assigned for a
p,aaring before Jadge Cam today was
rettled by agreement before the is
ruea came before the court
The court appointed A.. N. knight
waycross. cashier Of the First
Saaonal Bank. and William NJ. Da,
ant or Savannah. cashier of the
Geschants National Bank, co-receiv-
rs Of the Bank Of Waycross. Bond
KS fixed IN the sum Of fifty thous'
"a dollars. the bond to be a cost Of
administration. Mr. Davant was
aamed in the place OF AIr. ]. NJ. Cox
Naycross. whose name was sus-
seated az a receiver Tho court
aid IT might be better TO have one
9lsinterested party for a receiver.
md substituted for the name OF Mr.
aox that Of sir. Davant.
rhe defendants in the petition for
g6ce.ver and Injunction agreed to the
appointment by the court Of q re
ciger. The attempted assignment OF
he Bank of Waycross 70 the First
Satlonai Bank Of the 23rd Of NoTem-
,.or was declared nun and Toid when
the receivers we're appointed.
The Bank of Waycrcss and the
sirgt National Bauy Of Waycross are
njoinA md restrained from dispos-
ug a Of the assets Of the Bank
If ross or in any way inteffer'
AZ the business Of the bank.
n keivers are directed 70 pro
,etl aNllect all the notes, ac'
20, pf the Bank Of Waycross
Z the assets of the bank
ID rapidly as IS consistent
st interests Of all parties
cannot Take K over.
Ser ire terms OF the order the
~ National Bank Of Waycross is
srohfbited from taking over any OF
H. accounts Of the Bank OF Waycross
Il II attempting to carry out the
terms Of tho deed OF assignment
made in Novembe7 when the an
nouncemeut was made that the two
nstitationg had consolidated.
Tho capital stock Of the Bank oi
Wavcroes up 10 July first last year,
vas seventy-f.ve thousand dollars, at
which t.me * was increased 70 d5uo-
Il that aaount. Atout four hundred
4Nosaana doll4rs are inyolye5 alto
rgther which makes this one Of the
,ooet ,n.eraeting Bank failtrss II the
-4,.e ,eoeativ. When an attempted
.sr,,-,raent was made 70 The First
s1at.onai Bank an November twenty
thra tho oaic.als oF the Bank Of
gaycross turned over 5ast sixteen
aollars and seventy-nine cents N
cash as assets. The deDositors have
beeu clamoring for q hearing since
that time.
There was two hundred thousand
doIlars on deposit II the bank short
i before the alleged Consolidation
TOOK plaee. The stockholders have
1ost ali they had in the bank Mr.
n q. A. Nash. an expert accountant
~ savannah, spent some tine in
wavcrogs looking over the affairs of
7he Bank Of waycross His report
was turned oyer to the receivers ana
will be considered by them. As soon
az nogsible the receivers will make
mi an inventory OF the liabilities ana
assets Of the Bank Of Waycross and
tnrn it oyer to the Judge Of the su-
perior court.
Among those present at the hear
.nc were MIXERS and Parks Of Way
.~osa bennett and Conyers Of Bruins
$50. news for pet toners for re-