The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-12-12

Prospects that depositors in the Pen
SacoIa State bank, for which receivers
were appointed last. Saturday, VIII be
paid in full are not remote. and il the
prediction of County Treasurer J I'D
Williams proves correct and the first
payment, probably thirty or thirty
three per cent viii be made III Janu-
ary. Mr.. Williams expressed this he
lief at meeting of the depositors
Of the bank held in the circuit court
room last night, when John RauscheE,
dry goods salesman and also a le-
roster in the bank, said that he vas
told by w Clyde Roberts, one of the
receivers, that it would not be q 5000
idea for the depositors To rush ttle-
ment, but that if things are allowed
to proceed at the direction OF the re-
ceivers, the depositors would be paid
in full. J. J. Sullivan, Sr., said that
he had been told bysseveral local finan-
ciers that the depositors would be paid
in full
The court room was filled with de-
positorS probably a little over two
attendance. The neeting was called
to order by DR.. e q. RenshaV5, who
said he was a depositor in the bank
but while he was not responsible for
the gathering, he would assume the
right to open the proceedings. The
meeting was organized by the election
of J. n. Andrews as chairman and Miss
Minnie Kehoe secretary.
DR.. Renshaw said the plan OF the
meeting was to discuss the plan for
the liquidation Of the affairs of the
bank. but that no act on the part Of
the depositors should be understood TO
interfere in any manner with the per-
formance Of the duty Of the officers in
charge of The bank nor was it intend
ed to reflect upon them or the court in
any manner.
j. J. Sullivan, Sr.. advised the de-
positors to make no hubbub over the
foil Az-w IL fa-4E u@lrEH
hat public opinion be brought 10 hear
TO bring about rapid and economical
liquidation. He said that the laws OF
Florida do not give the depOsitorS a
word TO say in the matter. but places
the whole affair in the hands of the
state officials and the courts. Mr.. Sui
Ivan introduced the following resolu-
ton, which was unanimously adopted:
Resolved, That a committee Of Eve
be elected by the depoSitors at this
meeting to ascertain the best means OF
hrineing about a speedy liquidation of
the affairs of the Pensacola State hank
and in as economical manner as is
PRACTICAL and for the carrying out Of
this object the said committee is re-
uueSted to cooperate with the state Of
1cials and the court of record of Es-
Gambia county: and said committee IL
deemed advisabl are authorized on
behalf of the depoSitOrs attending this
meeting to apply TO his honor Kirke
Monroe, judge of the court OF record
for Escambia county for authority to
investigate the affairs of the Pensa-
cola State bank, and the said commit
tee is further authorized TO obtain per-
mission and aid from the Hon w V
Knott. comptroller, and the officers un-
der him and the receivers in obtaining
The desired information for the Deposit
ors
ut is not the sense of this meeting
that the said committee shall interfere
in any manner with the performan nee
of their duty Fy the officers ha Wing
charge of the liquidation of the bank.
and this resolution is not intended to
reflect upon them in any manner"
After the above resolution was
adopted, the committee of five whose
duty IL shall be to ascertain the nsst