The Dawson news. (Dawson, Ga.) 1889-current, 1914-02-06
ANERICUS BANK CLOSES
IN WHICH DAW-
son PEOPLE HAD STOCK.
Believed That Depositors Will Be
Paid Every Dollar. Examiner
Is at Work on Books.

The announcement Tuesday that
the Americas National Bank had
failed to open It's doors caused con-
siderable excitement in Dawson. A
number of citizens here are heavy
stockholders in the institution, and
l.. A. Lowrey of Chicago, president,
and NJ NJ. Lowrey, cashier, are for
mer citizens of Dawson.
The Americas National was estab-
lished eight years ago and had very
large list of depositors. The deposit
account is said to be 100000, with
assets of $4,000. The capital
stock was 100000, and the bank
paid per cent dividends semi-annu-
ally.
G. D. Wheatley, Jr., assistant cash
Ter, left Americas Saturday night
and his whereabouts are unknown.
Cashier Lowrey declares he did
not realize the bank was in an en-
barrassed condition, as he has been
absent in New York quite recently.
AS evidence of this fact many depos-
it's were received Monday up to the
mayor of Americas and held in high
est regard there.
The Times-Recorder of yesterday
had the following to say concerning
the banks affairs:
THE books and records OF the
suspended Americas National Bank
are already being thoroughly inves-
tigated, and anxious depositors and
Al, Eri1I oh
fully advised regarding the true
status of affairs In the meantime
the excitement prevailing at first has
subsidized and the public is anxiously
awaiting the correct official state
ment of affairs of the crippled bank.
''While the suspension is deplora-
Bile from any viewpoint many we'll
informed business men express the
opinion that conditions may be found
not so bad as first supposed, when
wild rumors flew thick and fast and
all kinds of reports were current.
Bank Examiner Dunlap, an ex-
pert accountant, arrived yesterday
morning, and before o'clock was
busily at work in the Americas Ma
tional bank, going into the records
preparatory for the thorough exam1-
nation winch ne Will make.
EARLY in the afternoon the Times
Recorder was informed by Mr.. Dun
lap, in reply to inquiry made at the
bank, that no statement whatever
could be given out at this time Per-
haps as the work of examination pro-
crosses further some information or
interest may be obtained.
'1Belief is expressed now in circles
commercial that the alleged short
age in accounts may not exceed $780,
0O0-perhaps even. less. The great
er portion of the assests of the bank
are good and can, in time, be real
lied upon.
WheatIey's Disappearance.
1.-The disappearance of Assistant
Cashier G. d. Wheatley, Jr., is still
unaccounted for, and no one, not
even his family, know his where
abouts. His father, Mr.. George ID.
Wheatley, expressed much disap-
pointment last night at not having
heard from him yesterday
"Messrs. Lowrey and Statham or
the closed bank are assisting the ex-
aminer as far as possible in the work
now under way.
Mysterious Disappearance of $4,000.
''The mysterious disappearance OF
package said to contain $4,000 is
still unaccounted for. The $4,000
package, Cashier Lowrey states, was
placed in the banks safe on Satur-
day afternoon, but the combination
lock was not turned on fully, as sup
posed. The package was not in its
place when the vault was opened
Monday, Mr.. Lowrey says. No trace
of it has been found.
'tDepositors, it is asserted, will get
their money in full, and any would
be foolish to sell their bank books
or certificates for a tri1e, as some
are inclined to do"