St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-06-07

fianKllnLOn. JCne .S.-Ine 0efn1t
charge against H,l ston d u chlian'
:sr.sss'' Mt, and liam l. :.Gnslas
. director of the Commercial Bank G
Bogalusa, Is that they knowingly re
+ ceived deposits en- the 28th day o
May. 1913. when the bank was ii
solvent"
Bickham was arrested at Bogalus.
this morning and conveyed by auto
mobile, accompanied by Norman Sim
mons. deputy sheriff, to this place
repairing At once to the Offices c
PrenttB4 B. Csrter & s00n, attorneys
Bonds were signed BY several friends
IN blank amounts, bat covering what
4 'ever District Judge Joseph B. Ian
caster might Ak. This turned out 4
be $4,000 for Bickham and $40,
900 for Douglas. Oceole Carter, a.
torney, went at once by automobile tt
Coyington to secure the signature o.
the fudge, which was obtained late
in the evening
Douglas Arrives To-day.
Douglas has not yet been ARE tie :
but has sent word that he Will ar
rive tomorrow evening.
Bickham refused to make q state
ment, but his attorney. P-entiss Ca
ter. authorized the statement ths
when the case comes to trial the
Jury will acquit his client w-thoV
leaving their seats.
Douglas. farmer, recently organ
ised q mercantile company at -Angse
and is alleged to be involved in {:
loan considered to impair the capital
Of the Commercial Bank.
The minor officers of the thre
banks- the Commercial at Bogaluse
the Angie Bank and the Mount Her
man Bank-are reported as innocer.
Of any violation of the banking lav
and are not under charges. D.
Warner is president of the Angie
Bank. He is believed tc be able tc
stand the financial pressure occasion
ed by the suspension.
Brock Named Trustee.
Jasper S. Brock, Jr., formerly casn
Ter OF the Farmers and Merchants
Bank, which recently consonaate
with the Bank of Franklintcn. If
active vice president OF the Unio.
Bank Of this place. the product O.
lile merger. and has been apps int
trustee to liquiGate the aHai's
the banks a Angie and Hount Her
man. He qualified today In bonci
OF $4,000 in each case. p I. Cush.
irs Of Bogalusa. qualified in bon
n s10.OO0 to liquidate the CoI'me.
cial Bank. St. Clair Adams is at
torpey for the trustees at Zogeiuss
and Delos r. Johnson is attorney icS
the other two banks.
Friends of Mr.. Bickham recall nss
saisure and bankruptcy proceedings
acme years ago, involving q sum ap
nroximately $4,000. Mr.. BicKnar
sxuressed the belief that but for the
shakar confidence cccasiond ny !ne
hank examiners action he and ms
friends would not lose dollar
Roaalusa, June 2.-Ever since !he
f,rst news was given out regardlns
the condition Of the Commercial bank
hero and its closing by State banF
sxaminer Young the examiners nav.
heau busy investigating the assets
,vieh view Of ascertaining just nov
cnr ditions were. Practically all o.
saturday and Sunday was spent y
sha bank making up statements y
the assets and their value. corus
81 xtenoErapiaers was secures IN Do
ralusa to assist In the computing
While up to the present time t i
impossible to ascertain Just nov
large an amount is involved, Attornsy y
st. Clair Adams, who has been ON tne
scene here with Examiner fOuls
since Sunday, found It . sach -
make II necessary for him 70 iepo.
his % findings to Governor Hall ,!.n, sna
AK M for warrant to arrest Houston
s Bickham, president of the Com
mercial Bank here and OF the oahAs
3 Mount Herman and Angie.
.rhn rs warrant having been received
4 was placed in the hands OF Con
4 stable Moore, Of this place, who serv'
ed il on Mr.. Bickahm this norm morn,ns
and m he was taken to Frankltnton.
Further arrests. it Is Reported, a.,
.xnected at any moment. From veIs
.s'tsh hle sources it is learned that tns
condition Of the Commercial HanI
a much worse than at first anticlpas-
hut = the examination and -