The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1914-12-08
ALExANDER,s CREDITORS
Will Be Asked to Aid the Banker to
Compromise Litigation.

The case of George Alexander. in
dicted banker, which occupied the
Bourbon Circuit Court last week when
Alexander was tried on one indict-
ment, resulting in the jury standing IL,
to l for conviction, again was brought
to the fore Friday when it was found
that movement was on foot looking
to settlement with his creditors and
the dropping of all litigation against
him.
Members of Mr. Alexander's family
were circulating petition among the
depositors for signatures in which
they agree that in turn for the pay
ment of 80 per cent of the amount of
their deposits they individually and
collectively will use their influence to
have all charges and indictments
quashed, or in case of conviction to
endeavor to gain for him a pardon.
The payment of this 80 per cent also
relieves the stockholders of their liza
bility under the double liability law.
Attorney r. C.. Talbot, who repre-
sents Mr.. Alexander, made the follow
ing statement to the press.
There is a movement on foot to ad
just all matters pertaining to the Geo.
Alexander & Co., State Bank, and to
Mr.. Alexander individually, which is
being very favorably met by his cred
itors and the depositors of the bank.
If this movement is carried out by
common consent, as now seems to be
the case, it doubtless will result in a
termination of all criminal proceed
ings against him."
Judges Stout has called special
term of court for December Fl to try
Alexander on II of the 80 indictments
against him. 1t is matter of cOnject-
carried out will have the effect of this
order being resinded.
That directors Of the Alexander
bank, at Paris, were trying to shield
themselves from financial responsible
ity by having Kentucky's Banking
Commissioner, Thomas ]. Smith, sue
the Fifth-Third National Bank, of
Cincinnati, for return of securities
given for loans to the defunct bank,
alleged to have been in excess of the
borrowing limit of the bank, is one OF
the allegations contained in the
answer of the local institution filed in
Cincinnati Saturday.
The Fifth-Third Bank says it knew
nothing of the alleged provisions OF
the Kentucky charter of the Alexan-
der bank, by which that concern was
prohibited from borrowing in excess
of $4,000. The answer charges that
Commissioner Smith when he examin-
ed the Alexander bank in 1913 knew
of it's Indebtedness to the Fifth-Third,
vet said nothing about it at that time
to the Cincinnati bankers, nor did
he mention it in his report on the con-
.iition of the Paris bank.
ga. The proposition to not prosecute the
indictments against Mr.. Alexander
does not meet with a very enthusi-
astic reception from Commonwealth
Attorney Victor Bradley, when asked
by representatives OF the press II ne
would agree to the dismissal OF the
indictments against Mr.. Alexander,
stated that he did not see how the pay
ment of the money would satisfy the
commonwealth, and that, plainly
speaking, he did not like the propo-
sition. Mr. Bradley stated further:
81 am not a party to such thing
and will not be party to it. l intend
tod my duty in this case, and if the
proceedings are dropped it will be
without the consent of the Common
wealth's Attorney"
Commonwealth Attorney Bradley
and State Banking Commissioners
Thos. ]. Smith held conference In
Frankfort regarding the petition
phase of the case. Commissioner
Smith stated that the case was now
in the hands of the Commonwealth
and declined to discuss the new fea-
ture.