The Forrest City times., 1913-09-05
ST. FRANCIS COUNTY
 SETTLEMENT MADE
Eugene Williams Deposits S4O,OOO of
 4,931. .47 Due State Auditor.

Eugene Williams, cashier of the Bank of Forrest City, which closed it's doors several weeks ago, when the funds of the settlement for St. Francis county were on deposit in the institu- tion, called at the office of State Au- ditor l.. l.. Coffman yesterday and mo- tilted that official that S40,0O0 of the amount Of the settlement was on de- posit in the bank of the ". B. Worthen Company and at the disposal of the state. The total amount of the set clement is s44, ,93l.47.
 That the personal call was made by MT. Williams in order to arrange for the payment of the school apportion. ment for the county was the opinion of many at the capitol. The amount St. Francis county will receive is ST. 089, and it is said MT. Williams desired that this amount be paid to County Treasurer Taylor instead of former Acting County Treasurer Tipton be- fore the settlement for the county is relinquished.
 As result of this it was necessary for the matter to be carried to Gov Hays in the absence of Attorney Gen. .eral Moose. Gov. Hays, when con- fronted with the facts that MT. Tay- Tor was duly elected, commissioned and gave bond, expressed the opinion that he is treasurer of the county and that he is the proper person to receive the warrant for the apportionment It is said that MT. Tipton, who was appointed to the office of treasurer. failed to turn over the books of the of- tlcetothe treasuer-elect. This situation caused flutter in the auditors office several days since, and Auditor Coff- man announced his intention to with. hold payment on the warrant until he was advised concerning which of the two claimants is the duly certified treasurer.
 Promise of some difficulty thus was eradicated through MT. Williams call yesterday. It is probable the warrant to Treasurer Taylor will be turned over today, also that the SAG, ,0O0 in the Worthen bank will be carried to the state treasury. When the remainder of the county settlement, S403l.47, will be paid is unknown.
 MT. Williams appeared in his usual optimistic manner, and when asked when he will reopen the Bank of For rest City, replied
 In about ten days we will have everything lined up to reopen.
 Our assets at present are S127 ,000 in excess of our liabilities said when we closed that all we needed was time, and we soon will make good our word and pay all our obligations. dollar for dollar"
 With the settlement for St. Francis county now at the disposal of the state, having arrived just one day after the school apportionments were made, there was much censure of MT. Will Hams for not turning in the amount before the apportionment was made. It was through the nonpayment of the settlement that the apportionment for the year was cut to l.95 for each stu dent Now the amount of the settle ment that would have been part of the school fund will be unused until the 1914 apportionment is made. Mir. Williams explained the delay by say ing that it was impossible for him to procure the money until yesterday. The check he gave at the Worthen bank is St. Louis exchange.
 Above is taken from the Arkansas Gazette of Wednesday and is certainly good news to his friends and the pub lie generally, all of whom sincerely and unseltishly hope that he can and will be able to get the banks affairs in satisfactory shape, and reopen as contemplated. If he can do so, or if he does so, he will be the lion of the hour, and tinancier to whom all must take off their hats. We believe that he is sincere, and that only the stringency of the money market and the character of securities required, which requirements are very strict