The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1914-05-26
made to individuals without proper


security.
The directors are denying that they
gave any such sanction and that they
had any knowledge of many of Alex
ander's largest transactions. The
stock of the bank was held to the ex-
tent of 81 per cent. by Alexander and
the members of his family.
He personally had 187 of the 400
shares, E. P. Claybrook was the next
largest stakeholder. He had q
shares. Mrs. Harry B. Clay, as trus-
tee for her sister, Mrs. Frank Clay,
had 10 shares and Harry B. Clay had
shares.
The holdings of other directors
were in >blocks of 5 to 10 shares,
while the remainder of the stock was
held in 1, 2 and shares by small in
vestors.
Under the law the stockholders will
be required to put up 500 share in
addition to it's original cost to them,
which in the greatest number OF in
stances was $3.50 share.
Depositors who have been very
hopeful of securing at least 80 cents
on the dollar have about given up,
DIS IL has USSn lOuuu IuO SOh0ltiOh Va
the bank is much worse than first an
ticipated. There has been some talk
of forcing Alexander into involuntary
bankruptcy, with view of getting
deeper into the situation.
Mr.. Alexander several days ago
made an assignment to Samuel Clay,
his nephew. Mr.. Clay appeared be-
fore County Judge c. A. Mcmillan
yesterday and waived his right to
qualify as the assignee. There has
been no mention of any one to take
charge of the assigned estate.
A list of the liabilities and assets
of the individual estate of George
Alexander were filed Saturday with
County Clerk Pearce Patton. The
assets were:
House and lot on Pleasant street
$4,000.
One-third interest in warehouse on
Ruckerville pike, $500.
Five hundred shares Northern Life
Insurance Co., $4,000.
Fifteen shares Paris Grand Opera
House, Company, 500.
One share L. M. Rubber Company
500.
Four shares Bourbon Fair Associa
ton, $50. -.--'-' 90 -
Five shares Chicago and New York
Electric Air Line, $125.
One hundred shares Travellers In
surance Machine Co., $500.
Eleven shares Fifth-Third National
Bank of Cincinnati, $2,156.
Trustees certificate of same, $3.50
Two shares Bourbon Tobacco
Warehouse Company, $3.50.
Twenty shares Central Land Com
pany, 5000.
One hundred and eighty-nine shares
Power Grocery Company of Paris,
$37, 800.
One hundred and eighty-four shares
George Alexander Bank, value un-
known.
Automobile of Mrs. Alexander, sur
rendered to estate, $4,000.
Horse and carriage, $3.50.
Onethird interest in O'Neal Hemp
Breaking Machine Company, value
unknown.
Household and kitchen furniture,
and other personalities, $500.
Cash on deposit in bank, $4,000.
Total, $685.
The liabilities are as follows:
S. E. Bedford, agent, secured by
forty-five shares bank stock, $4,000.
Fifth-Third National Bank of Gin
cinnati, 100 shares of bank stock,
$2,5O0
Mrs. H. o. Jones, eight shares bank
stock, $4,000.
Mrs. A P, Ais, of Richmond, $500.
John G.. Current, $4,000.
E. H. Owings, $1,000.
George Alexander & Company Bank
$4,000.
Total $25,500.
Alexander is an endorser for the
Power Grocery Company to the
amount of 100000.
In addition to. collateral pledges to
secure these notes, 164 shares of the
Power Grocery Company stock are
collateral on accommodation notes to
the bank, something about $4,000.