davidaulloa/AmericanStories huggingface dataset:
Valdez daily prospector., 1914-10-07
Germans After Antwerp.

BERLIN, Oct. 1.-The bombayd- ment of the inner circle of the Ant werp forts has commenced and the Germans are pushing vigorously the attack upon the city and expect to force it's surrender within a week.
Valdez daily prospector., 1914-10-07
Many Germans Have Been Lost

ROME, Oct. 7.-On September 1 an official statement issued in Berlin, and which has been received here, states that 417,OOO German soldiers had been captured up to that date, and that of that number 1000 have been killed or wounded.
Valdez daily prospector., 1914-10-07
laps Sink Small German Ships.

laps Sink Small German Ships.
 TOKYO, Oct 7.-The Japanese fleet blockading Kiao Chau today sunk two German gunboats and an unprotect- ed cruiser, which were believed to be laying mines off the harbor. The ships were seen at daybreak and the Japanese ships went in and soon sunk them
Valdez daily prospector., 1914-10-07
Germans Ready To Raid London.

Germans Ready To Raid London.
 THE HAGUE, Oct. With the change in chief of staff the Germans plan to carry out the raid desired by the kaiser on London and against the British ships. Count Zeppelin has been recalled from the Russian from tier and is preparing the big ships for the trip. The rigid Zeppelins. with a speed of 65 miles an hour and a flying distance of over 1000 miles are expected to do great damage in London and also at other English towns, as they will carry many tons of the highest explosives known. The race will start from Wilhelms- haven.
Valdez daily prospector., 1914-10-07
Mild Weather In Interior

DAWSON, Oct. 7.-Because of the extremely mild weather for this time of the year navigation on the upper Yukon will continue for another week and boats will run to Whitehorse as long as possible.
Valdez daily prospector., 1914-10-07
Gratifying.
Germans Try Encirclino Allies.

PARIS, Oct. 7.-The German Uh- lans, in large force. are striving to encircle the allies left and are send ing forces of Uhlans through Lille for that purpose. French and British cavalry are now heading them off.
Valdez daily prospector., 1914-10-07

PETROGRAD. Oct. 7.-The Ger mans failed to make a stand at Lyck and abandoned the city, seeking safe ty in the lake districts north of Lyck The Russians are now moving on Konigsberg and hope to cut off the retreat to the German army and a lenstein.
Valdez daily prospector., 1914-10-07
Germans Destroy Own Ship.

LONDON, Oct. 7.-Another mine set by the Germans to catch British ships has caused the loss of Ger man torpedo boat destroyer, which hi. the mine in the North Sea off the German coast. Holland fishing
Valdez daily prospector., 1914-10-07

The launch N. and s. left this morning for Port Wells with five tons of freight and passengers. The machinery is for the Rice Mining Co.
Valdez daily prospector., 1914-10-07

German Howitzers for Turks.
 CONSTANTINOPLE. oct. Tt is reported here that four big German howitzers manufactured by the
Valdez daily prospector., 1914-10-07
Firina of Eureka.

EUREKA. Oct. 7.-Heavy firing was heard off the northern California coast yesterday. It is believed British and German cruisers met in a battle.
Valdez daily prospector., 1914-10-07
Allies Fail To Pierce German North
 South Line

BERLIN, Oct 7.-In spite of the tremendous efforts of the allies to break through the German line ex- tending north and south from Rove Arras. The German forces hold them at every point, while the Uh- lans are making gains in their effort to encircle the allies left.
Valdez daily prospector., 1914-10-07

Krupps and the necessary men to man the guns have reached here from Austrian Adrlatic ports on German vessels which ran the blockade.
Valdez daily prospector., 1914-10-07
Poincaire To Return To Paris.

FOTHCdITc TO nSIUIH TO drIS.
 PARIS, Oct. 7.-President Poincare and the members of the cabinet are expected back here within week, as the seat of government is to be mov- ed again to Paris, which is now con- sidered out of all danger from the invading Germans.
Valdez daily prospector., 1914-10-07
Cruisers Pass San Francisco.

SruIsers Fass san Francisco. SAN FRANCISCO, Oct 7-The Jap anese cruiser Idzumo, the French cruiser Monte Carlo, and the British cruiser New Castle. passed here go- ing south at full speed yesterday af- ternoOn.
Valdez daily prospector., 1914-10-07
Germans Dsnounce Britlsh plratloaI
 Methods.

BERLIN. Oct. 7.-The piratical methods of the British government in seizing the ships of Holland and Amer. .ica. which are carrying supplies from one neutral country to another. are denounced here. It is believed that
 (CoAtinusA eA paSU q,
Valdez daily prospector., 1914-10-07
laps Promise To Keep Pacific Clear
 of Gern1ans.

WASHINGTON, Oct. 1.-The Jap anese ambassador announced last night that the allies fleet of powers in war with Germany would keep the Pacific ocean clear of German ships and would protect commerce from
Valdez daily prospector., 1914-10-07
Gambling Wide Open

At the big Eagle Ball Saturday even ing, October 10.
Valdez daily prospector., 1914-10-07

boats rescued most of the members
 of the crew.
Valdez daily prospector., 1914-10-07

raids by the cruisers still free on the Pacific.
Valdez daily prospector., 1914-10-07

The Prospector orics for job work
Valdez daily prospector., 1914-10-07

PETROGRAD, Oct. 7.-Nothing of ficial has been issued here regarding the conflict with Turkey. which is ex- pected to join the Germans in a day or two. It is believed that the Rus sian government will welcome the Turks into the war as the outcome can be but the destruction of the Turkish control of the most strategic position in Europe, the entrance to the Black Sea- As Rumania and Greece. and possibly Italy, will join the allies should Russia aid Germany the odds are greatly in favor of the allies as against the Germans. It is also believed here that Bulgaria will join with Russia against Turkey and thus the entire Balkan peninsula will be aflame. Italy must join to pro- tect her possessions in Africa and to prevent the control of the Adriatic from passing to another power.
Valdez daily prospector., 1914-10-07
TURKISH SULTAN
 bALKS POWERS Refuses To Allow Russian Commerce To Pass Through Dardanelies and
 Fight is Expected.

CONSTANTINOPE, Oct. 7.-The Turkish government today refused the demand made by England and Russia, backed by France. demanding for Rus sian ships the right to pass through the Dardanelles. The refusal is ex- pected to result in war and active preparations are being made for the conflict. The Turkish navy is pre- pairing to attack the Russians in the Black Sea and the two new Ger man ships are now in the Bosphorus straits with steam up and full crew. mostly German officers, who were aboard the ships when they fled to Turkey for safety from the French and British ships.
Valdez daily prospector., 1914-10-07

Subscribe fer the Prsspsctsr.
Valdez daily prospector., 1914-10-07
ENCIRCLlNG MOVEMENT NEAR BELGIUM STARTS THINGS MOVING
RUSSIANS TAKE LICK AND GERMANS RETIRE TO LAKE DISTRICT
TURKEY REFUSES PASS RUSSIAN SHIPS THROUGH DARDANLE

In GemanWa -TnN1 1ion nFrenchA Tor
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

all against depositors. There yet
remains plenty for the Special At
torneys to do in suing the stock
holders, directors and officers. 1t
is optional with the attorneys as to
whether they will sue the stock
holders. If they do not sue, no ex-
pense has been incurred. The
Bank of Franklin may not be sued,
but the Directors of the CONNER
cial Bank 4 Trust Company may
be sued for any loss which may be
sustained on account of allowing
the Bank of franklin to withdraw
the funds 10 that event, our cor
respondents arithmetic is bad
again.
There is no answer to this con-
tention and this should be the last
word on the subject.
With regard to the "few deposi-
tors" on the committee represent
ing ALL" the United States has a
much smaller representation by
comparison in the National Halls
of Congress, where business is done
for 100, 10000 of people; and
there is we'll defined demand de-
veloping for still smaller repre-
sentation.
1t is necessary that few earnest
men, delegated by those interested
in their own affairs. anaIyze and
simplify situations impossible to
the unwieldy masses
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
SAYS THE DEPOSORS HAVE BEEN KEPT IN THE DARK AND THEY WILL
NEVER BE SATISFIED UNTIL THEY GET WHAT THEY ARE CLEAR
LY ENTITLED TO-A FULL REPRESENTATION IN THE
LIQUIDATION OF AFFAIRS.
A REIMBURSEMENT is NEEDED
Intentions Of StockhOder Good But Arithmetic Bad-New Plans
Procedure Recommended and Suggestions as to Carrying
Them Out Given
Editor Leader:-Referring

Editor Leader:-Referring. to
the letter written by Mr.. T. X.
Magee and published in your issue
of 18th. declining to sign the
petition to the Court to vacate its
order of June 29th, appointing
Brady and Cohn to bring suit on
certain claims said to be due the
Commercial Bank. we do not think
he gives in his two objections any
good reason why a depositor should
not sign, such petition to the
Court.
His first objection is that the
stockholders or directors (their
representatives, made an assign
ment and placed the matter IN the
hands of the COURT. We can.
under the circumstances, imagine
no other course they could pursue
In his second objection. he says
that until the stockholders, direc.
tors, etc., have paid the bank what
they owe it they should have no
kick coming" and that they
should not try to come into Court
through the unfortunate depositors,
and winds up by saying he has
folded his hands and concluded to
accept the inevitable.
Being in the same boat with Mr..
Magee we can very well appreciate
his feelings. We do not, however.
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
SPIRITED ANSWER FILED BY ATTORNEYS
BRADY AND COHN FOR DEPOSTORS
PERSONS WHO ENTER THE COURT MUST DO so WITH CLEAN HANDS,"
EXPENSES NOW OVER 100000 PER MONTH.
New Charges Not Heretofore Made Cited in Document Wild Banking
Scheme at Meade NOtedMany Reasons Why Stockholders
Should Want Court Orders Vacated

On Monday, Messrs. 7. Brady,
Jr., and A. A. Cohn, special coun.
sci appointed by Judge Jones to
represent causes in the Commercial
Bank failure, filed an answer in
Chancery Court signed by a num-
ber of depositors. denying certain
allegations made by the representa-
tives of stockholders in their recent
circular to depositors with accom-
panying petition as we'll as a sep
arate petition filed by the stock.
holders alone, asking that the
courts orders be revoked in ap.
pointing both the commissioner
and the special attorneys for the
depositors.
The document, covering ten type.
written pages, among many counter
charges, shows to the court that
the truth about the administration
of the estate is as follows::"
That on Saturday before the
Commercial Bank & Trust Company
went into the hands of a receiver
on Monday noon, they are inform
ed. a Directors meeting was held
when it was determined to close
the bank and make an assignment,
1t was alsJ determined. so your
depositors are advised. to hold the
bank open until Monday, or unit
such time as the Bank of Franklir
could Withdraw its deposit.
That the bank was held open un-
til Monday about noon, curing
which time deposits were received
and it was contended that they
were not mixed with the other
funds of the bank. but as a matter
of fact. they we're mixed. Your
depositors are informed that the
court was misled when it ordered
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

assignees have positively refused to
honor the Courts last order and
make payment. 1t might be stated
here that the entire cost of the
three commissioners services is
estimated at $1,000 and that
Messrs. r. L. Covington and Allen
Thompson do not receive a regular
salary, drawing nothing at all ex-
cept for time in an occasional con-
ference called for by one of their
number. Mr.. Wildberger receives
pay only for the days he works.
1t would seem that as a last re-
sort an attempt is to be made to
oust Chancellor Jones whose rulings
IN some causes are of record against
the wishes of the Bank stockhoId-
ers. A petition sign e d
by -. w. McGrath and all
the other stockholders and drawn
up by Hon L L. Tyler, the attor-
ney employed by the stockholders
and selected at their meeting
two weeks ago, is nov ask
ing that Chancellor Jones recuse
himself, the main ground for such
action being that he is disqualified
to sit in the case, on account of
interest IN the cause. or prejudice,
and relationship among the deposit
tors.
The petition cites that Mr.. Jones
had or has some relatives among
the depositors and also owed the
Bank note when it failed that has
not yet been paid.
AS far as The Leader has been
able to learn Henry C Smith. of
verna, is the closest relative to the
Chancellor known, being an uncle.
Several weeks ago Smith settled
his account In full for money due
him by the Rank by an assignment
of his deposit to Jno. McGrath &
Sons.
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
ARITHMETIC AND SUITS - UNITED
STATES HAS SMALL REPRE-
SENTATION.

The petitioning stockholders who
desire the removal of Special At
torneys and the Commissioners, con-
tend. in subsistence, that if the
Indebtedness of the bank is $400, ,001
and they collect $400, 900. then the
depositors will be paid dollar for
dollar, but il Special Attorneys re.
cover $100, 900 and are paid $25, ,00O
then all the depositors will receive
less than one hundred cents on the
dollar, since the depositor from
whom the recovery is made must
be paid as the other depositors are
paid.
1t seems to The Leader that there
is an error in this position in that
it assumes that the bank will pay
dollar for dollar. If the bank will
pay one hundred cents on the dol.
lar, then the depositors have no
complaint whatever. They have no
right to inter-meddle The argu-
ment made upon the theory that
the bank will pay dollar for dollar
is good and valid, but is an as
sumption. Nobody contends now
that it will pay one hundred cents
on the dollar. The Assignees, the
Stockholders and the Directors will
not make a guarantee of one hum
dred cents on the dollar. The ar
gument that it will pay one hun
dred cents on the dollar is based
only upon their opinion" that it
will do so.
If the estate peys less than
seventy-fve cents on the dollar il
Is then to the interest of the de-
positors that suits be brought be-
cause the recovery, if there is a
recovery. will be seventy-fve cents
on the dollar, and the depositors
would, therefore. profit.
All the arguments made by the
stockholders and friends of the de-
funct Commercial Bank & Trust
Company that the special attor-
neys should be removed is upon
the theory that there are no suits
to be brought except against the
depositors for the return of depos-
its. 1t is a strange coincidence
that these persons who are so
anxious to take care of the inter-
ests of the depositors should appar-
emily forget the other important
suits recommended; namely, suits
against the Directors. suits against
the officers, and suits against the
nine persons who involved the IN
stitution in wild cat banking
scheme in the Bank Of MeadyilIe.
Every dollar that is recovered from
the officers Is a total gain. nothing
has to be returned; every dollar
that is recovered from the Direc-
tors is total gain, nothing has to
be returned: every dollar that is
recovered from the stockholders on
account of wropgfully paid divi-
dends is total gain, nothing has
to be returned.
Why is it that these suits are
never mentioned. while the suits
against the depositors are being
hammered on all the timer II may
be that no suits will be brought at
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
Notes from the Normal.

The Tri-County Normal enroll
ment continues to grow and much
good work is being accomplished
The round table hour was filed
by Hon P. 2. Jones yesterday
After few helpful and inspiring
remarks to the teachers. Judge
Jones entered into a discussion of
the Panama Canal as a business
proposition. also as an internation-
al question. He gave a lucid pre-
sentation of the toll question with
his views as prospective congress-
man of the proper adjustment.
A demonstration in canning was
given on the school grounds Tues
day afternoon.
In order to give the teachers a
plan by which to proceed in or
ganizIng clubs, club was organic
ed among the teachers and a model
program will be given Thursday.
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

regard this as move to benefit the
stockholders. The question which
We should calmly consider is whether
or not the bringing of these suits
will benefit the deposltors.
In order to make matters plain
let US do little sum in Arithme-
tic: Grant that the assets of the
bank will net $400, 900; grant that
the Indebtedness to depositors is
$500, 900. 1t is clear then that the
depositors will receive 100 cents on
the dollar. The Indebtedness to
|depositors being as above-$400. 600
IF Brady should win his suit for
500. 900. these depositors against
whom the judgments are obtained,
will Immediately, as before, be-
come depositors to the amount of
500, 900. The bank will then owe
to depositors $500. 900. But
Brady's fee Of $26, 900 will have
to be deducted. The bank then
will have not S4O0, 900 with which
to pay $500, 900, but will have
$474, 900 with which to pay $780,
900. The depositors would then
receive less than 95 cents on the
dollar. If Brady loses the suits
we will be out 81 900 and costs and
if he wins, then the deposltors will
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
Wall and Miller Out for District At
7 tOrney.

K. L. Corbon announced his
candidacy for chancellor, and Hugh
Barr Miller and H V Wall an
nounced themselves for district
attorney at the Railway Conductors
picnic at Magnolia last week.
Lieut.. Gov. Bilbo and M. W. REILLY
delivered lengthy addresses in ad-
vocacy of their candidacy for Gov
ernor. Both were accorded an at
tentive hearing ana each was
literally appIauded. Basket dinner
was served and the afternoon was
taken up in races, field contests
and a game of base ball between
NorfieId and McComb, which re-
suited in favor of McComb by a
score of 3 to l.
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

these mixed funds to be paid back.
That L. H Baggett and L. Cohn,
both of whom were directors were
appointed receivers, and they in
turn employed Director Fl. Cassidy
as an attorney and associated with
him his cousin, j. W. Cassidy.
That it was not known then and
is not known now that the deposit
tors would be paid in full. In
fact, the undersigned aver and
charge that they will not be pa id
10 full. But it was known then
by a large majority of the petition
ers that their interests were in
conflict with the interests of the
depositors for the reason that they
had wrongfuIly embarked the Com
mercial Bank, or pretended to en-
bark the Commercial Bank & Trust
Company, in a banking experiment
with the Bank of Meadville, result
ing in the loss of something over
Sc. 900 to the bank. The directors
of the bank. the assiRnees of the
bank and the attorneys of the bank
knew that this bad been done.
They knew that the books show l..
Cohn had executed his note to the
Commercial Bank for the sum of
$6l9 81, cn account of the Bank of
Meadville transaction, and that he
never paid a single, solitary cent of
it: they knew that the books show
j. w. McGrath had executed his
note for the sum of $631. 20 on ac-
count of the Bank of MeadvilIe
transaction and that he had never
paid single cent on account of it;
they knew that the books show
Hartman Mercantile Company had
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
CURTAIN DOWN IN CANTON FAILURE
Small DepOsitOrs Paid in FuII-Rest
Get so Cents Cash and so
Cents Stock.

The Stockholders of the New
Mississippi Company met in the
court house Thursday morning to
approve the charter of the new
concern and to transact other busi-
ness
Messrs. Hill and Howell, of the
depositors' committee examined
the assets of the Mississippi Com
pany, in addition to the physical
property of the plants and stated
that it was up to the required
$40,0 mark.
The Chancellor will be here to-
morrow to sign the final DEGREES
necessary for the liquidation of the
banks affairs, deeds and other es-
sential papers have already been
prepared and it is safe to say that
the depositors will get their money
not later than Tuesday and perhaps
will be paid off Monday.
The small depositors will of
course receive all of their deposits
iu cash and the others who have
taken stock in the Mississippi
Company to the amount of so per
cent of their deposit will receive
the other so per cent iE cash,
1t has been arranged to place the
money to be paid to depositors of
the Mississippi State Bank in the
Canton Banks, the First National
and the Canton Exchange. The
depositor will be notified by the
bank in which his funds are
placed.
The First National and The
Canton Exchange have done every
thing possible to assist in straight
ening out the affairs of the failed
bank and making it possible for
depositors to get their money that
was within the bounds of consistent
banking business and deserve credit
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
Natchezs Bank Failure.

The receiver of the Bluff City
Bank. a defunct negro savings
bank, has filed his second account.
His report states that the bank has
paid dividend of 20 per cent,
having collected $l2. .665 09 and dis
bursed $10,279 AZ, leaving a cash
balance of So, 394. 81. The First
Natchez Bank of this city, which
closed its doors the same day, has
not paid its depositors a dividend
-Natchez Special
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22
stockholders PETITION JONES TO
VACATE SEAT IN BANK MATTERS
Former Bank Owners Taking Advantage Of Every Technically to Keep As
signees and Attorneys in and Dispense With Commissioners
and Special Attorneys.
Assignees Positively Refuse to Honor the Courts Order Issued Monday
to Pay $3.50 to Accountant WiIdbergsr
In their fight for the elimination

In their fight for the elimination
Of each and everything that would
tend to make a change or add to
the management of the defunct
Commercial Bank and Trust Co..
since their original assignment on
Jan. 5, some of the former owners
seem to be determined. and are TAX
inR advantage Of every technicality,
to obstruct any other representative
than the ORIGINAL bank represents.
tives officially placed in posi-
tion, even 10 an Inside cnlookeE. Ia
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

therefor.
The depositors' committee COM
posed of B. F Hill, Gustav Hansen
and E. A. Howell, have completed
their work and it may be we'll said
of them that they have labored
long and faithfully to bring about
a satisfactory adjustment between
the bank and the depositors. To
handle the proposition they have
been engineering, took no small
amount of energy and perseverance
and they deserve great credit for
their efforts and for what they
have accomplished. M d n
County Herald.
The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1914-07-22

1t is said to be the intention of
the Illinois Central to have all the
principal work of car building and
locomotive repairing done at the
Memphis shops. This will greatly
reduce the forces at Paducah and
McComb City. Miss. where two
large car building aud engine re-
pair shops have been maintained
for several years. Workmen from
those shops will be moved to Men,
phIs.