The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1911-03-01
OHIO COUNTY BANK
CREDITORS ASSEMBLE
To Discuss Affairs of the Insti-
tuition, Which Recently
Assigned.

Bank of Hartford, a meeting was
held in the School superintendent
Office in the court house here last
Saturday, for the purpose, it was
said, of finding out something about
the affairs of the bank. There were
about thirty people present, includ-
ing several ladies.
The meeting organized by electing
c. NJ. Grove chairman ~and
Heber Matthews secretary. Mr.. ].
p. Austin opened with talk, say
ing, among other thirgs. that the
main purpose of the meeting was
that the depositors simply wanted
to know how the bank had been run.
Mr.. H. p. Taylor. attorney for the
bank, who was present, was called
upon for any remarks he might wish
to make. He said he had sent for
Mr.. Austin and told him that both
he and the assignee, Mr.. A. Z. Pate,
were ready to give any information
or aid IN their power to enlighten
the depositors or acQuaint them
with the affairs of the bank. Mr..
Taylor said what ought to and viii
be done, is to collect up money due
the bank as speedily as possible and
adjust matters to the satisfaction OF
all. The notes and accounts of the
II,
Clerks Office and are open To the in
spection of everybody. Nothing is
concealed or suppressed.
Attorney Taylor spoke in behalf
Of Capt. S. X. Cox as cashier of the
bank. Capt, Cox would have been
present also. but for the critical con-
dition of his health. The attorney
spid Cant. Cox has given M every
thing in his personal control for the
beretit of the creditors of the bank.
Capt. Cox. after EMPLOYING every eff
fort 10 relieve the situstion and
then being advised that he would
have to make an assignment, said he
would rather die than do so, as he
felt that every depositor was per-
sonal friend. He was advised to
make A. f. Pate his assignee. which
he did, and the assignee is heavily
bonded. The affairs of the bank
show that there are about $4,000
of debts coming to the bank, with
about $4,000 liabilities.
Attorney Taylor has the matter in
hand and will administer same to
the best interest of all concerned.
He will ask Judge Birkhead to clas-
sify the notes and accounts and pro-
coed strictly according to law gov
erning such cases. Mr.. Taylor said
the depositors will in all probability
get dollar for dollar, if they will
only be patient and abide the proper
proceedings. Mr.. Austin, on behalf
ilege of sending a responsible per-
son to look into the books and af-
fairs of the bank. Mr.. Taylor read
ily agreed to this, saying that any of
the officials of the other two banks
of Hartford. or any efficient or &C
ceptable person. when empowered
by authority from the depositors.
would willingly he shown through
the affairs of the bank.
Chairman Grove said he had been
approached bv depositors in the
hank, some OF whom he represents.
He said they merely wanted to know
what could be done, that they are
entitled TO know the business of the
bank. He advocated the cheapest
plan of adjustment, whatever that
might be.
Mr.. Taylor made a few touching
remarks about the banks stricken
cashier. Capt. Cox. who has passed
months of worry and trou-
BILE about the banks affairs, which |
finally eliminated in almost a total |
physical collapse, he having been for
several weeks confined to his home
on account of a nervous breakdown. |
He said he was quite sure that none
of the creditors of the bank wanted |
to prosecute or hound Capt. Cox on
the banks account. No one in the |
stands higher in the mat
ter of respect. honesty and integrity
than Capt. Cox, who has given his
all and yet stands ready to do any
thing in his power to relieve the dis
tressed condition of the bank. He is
improving and all hope for
his speedy recovery.
After celebrating about an hour
the meeting adjourned. subject to a
call. Of three depositors at any time. !,
There was no Ill feeling displayed
and everything passed on quietly. J