The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1914-11-27

-5-Tea Tor inc hi9Ht 10 thSiF rooms
=: ne Fordham Hotel without reach
-s 4 verdict.
.e third day of the trial of Mr..
lander began Wednesday morning
% + 30 o'clock and even at that early
rlr. the court room was filled with
saacjators, many women being in at
r5r sance, and thesrcrowd increased
ding the day Until there was not
r standing room.
ne first witness called to the stand
wa- FcaTce Patton, the Clerk Of the
, ~bon County Court, who testified
az 20 the assignees who had been ap.
pointed by the court to take charge
q The individual property, real and
personal of George Alexander The
frs. one named, Samuel Clay, declin-
eel 20 qualify, and afterward w. o.
Hi1lOn consented TO take the trust
and qualified in the office of the clerk
NT. Hinton, the assignee, then took
the stand, and stated that the public
sale OF the assigned property resulted
in realizing $4,000
which were filed against Alexander
peTs onal estate, amounting to S21, 900.
He reported that he still had on hand
SOEle shares in the Citizens National
Life Insurance Company, and stock in
2 few other concerns of not much
value. Mr. Hinton was also questioned
As . Mr.. Alexander's interest in the
O'Neil hemp machine, but that was
not listed with the assignee.
The next witness was Buckner
W0cjford, Special Deputy Banking
commissioner, who has been in charge
OF the George Alexander & Company
B8nk since it was closed last May
t!T. WoodfCrd stated that when he
TOOK charge of affairs h efound cash
on hand amounting TO $4,000, $40,-
oHj in good paper and $4,000 lin
OIhe~ paper, and real estate valued
AT $1,000; a total Of $4,000. Also
*53l000 OF individual deposits. When
asked if by resolving every dollar and
piece OF litigation on hand in favor OF
the bank and realizing on all assets
how much the bank would be able to
Pay its creditors, he replied 70 per
cent But he did not think it possible
10 pay in full
Mr. Woodford at request of the law
TerS for the defense prepared a list
"a CialIIlS, names and amounts making
up claims listed to the sum of S118,-
VCei also list of notes and outstand-
Ing obligations amounting to about
$4,000 and a list of the doubtful or
bad names and amounts. Mr.. Wood
ford stated that the customary rate OF
interest on deposits in the Paris banks
was 8 per cent not 5.
PAUL c. Snyder, accountant, was re-
quested by the attorneys for the de-
Tense TO prepare copy of the assets
ard liabilities of the bank. The fig
uTeS presented by Mr. Snyder in his
further examination by the defense
were the same as presented in his
testimony the previous day. MIR
Wexford, recalled and asked about
the expenses of the settlement, stated
thar about $1,000 had already been
used, and $4,000 or $40, 900 was set
aside for the purpose. He said that
S1ls.000 had been collected recently
and a dividend Of % per cent. had
been paid to the depositors.
LONG CONSULTATION HELD.
A long intermission was taken al
ton. after which E. M. Dickson, at
toTney for n. Kreiner, was recalled in
regard to notes that had been taken UP
p collateral for notes Of Mr.. KrieneI
amounting to S37 900, for which he is
suing. Mr.. Dickson was informed that
these notes were in possession of the
bank and among the assets.
MIR. Snyder, recalled, said those
Of hr1-
nothing to show they belonged to Mr.
Kriener. Here the Commonwealth
closed its case, and court adjourned
until ] o'clock
When the court re-convened, X. &
Talbot, attorney for the defense
stated the case to the jury, saying
that the main question involved was
whether the bank was insolvent just
before the time of c.osing and il Mr.
Alexander knew it when he received
certain deposits.
ALEXANDER TAKES STAND.
MIR. Alexander was then called tt
the stand. He state: he was 81 years
or age, was born and reared in Paris
was with the Northern Bank until j
went into liquidation The new banl
was first known as the George Alex
ander K Company Bank, organized IL
1888. then as the George AleXande
q Company State Bank in 1905. III
vas president of this bank, owning
Isl Of the 400 shares. The bank palt
dividend of 6 per cent. seml-annu
ally, December 81 and June 80.
Mr. Alexander then detailed M
visit TO Frankfort to see Colone
smith on Monday and his return tn
following day in company with thre
ef The directors.
When Mr.. Smith stated to him tina
ne was ruined" AID that the banl