The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1914-10-20
NUMEROUS SUITS FILED
AGAINST ALEXANDER BANK

NUMEROUS SUITS FILED
AGAINST ALEXANDER BANK.
In the Office of Circuit Court Clerk
William H. Webb, Friday and Satur-
day suits aggregatina $4,000, as a
result of the failure of the George
Alexander & Co. Bank in this city
last May, were filed against the bank
ing firm, State Banking Commits
sioner Thos. ]. Smith and Deputy
Banking Commissioner Buckner
Woodford, and numerous others are
expected to be filed this week.
Papers were prepared and filed
yesterday by Attorney ]. ]. Williams
representing the Alexander Bank, in
Alexander Bank for an amount suffi-
Gent to cover the entire shortage
caused by the alleged mismanagement
of the bank of Mr.. Alexander.
Mr.. James Mcclure, Cashier of the
First National Bank, through his at
tOrney, Judge Denis Dundon, filed
suit, acting as guardian for the mi
nor children of Thos. E. Moore, Jr,
to recover the sum of $4,000.
Mr.. John R. Johnson, through his
attorney, Mr.. E. M. Dickson, sues on
a certificate of deposit for $1,000,
issued to him by the bank on April 16,
1913, and for $1,3.O.33, which he
says he had on deposit in the bank
subject to check when the bank was
taken over by the State Banking
Commissioner.
Mr.. E. B. Sparks, through his attor-
neys, Talbot & Whitley, claims in
his petition that he had on deposit in
tthe Alexander Bank on January 1,
1912, about $4,000, and that Alexan-
der had agreed to pay him interest on
at least $4,000 of that sum at the
rate of 6 per cent if he would leave
it on deposit, which he agreed to
do; that Alexander afterward exc
cuted and delivered to him note for
the above sum of $4,000, with six
per cent interest one year after date
no part of which he alleges has been
paid.
The largest individual claim filed
was that of Mr.. Jos. A. Wilson, the
former druggist, of Paris, who askes
for Judgment in the sum of $4,000
which he claims was loaned to Geo
Alexander & Co. and which is evil
denced by said banks note, and or
which claim payment has been re
fused by the State Banking Commits
sioner.
Mrs. Rebecca Rudisill, in her sui
filed Saturday, alleges that by
writing dated March 1, 1912, which
George Alexander signed and deliver
ed to George Alexander & Co., bank
ers, said Alexander agreed and prom
} Used to pay to said Alexander & Co.
bankers, one year after date the sun
of $4,000, with interest at 6 per cent
and negotiable and payable at thu
office of George Alexander & Co
bankers, and that George Alexande
& Co., by indorsing on the back o
: the note the following, PAY to tn
order of Mrs. R. Rudisill,' and sign
ed Geo. Alexander & Co.. befOr
5 the maturity of the note, assigned am
} delivered the note to the plaintiff, VIII
became and now is the owner OF tn
note. She also sues in the same pc
h, tition for $2387O, which she had o.
, deposit.
l A number of depositOrs hav
l through their attorneys, Judge Hal
mon Stitt and Talbot & Whitley
brought suit against State Bankln
Commissioner Smith to require hir
4 to distribute at once among the dc
i positors and creditors the amount c
!, cash on hand, which they claim
t amount to a large sum. They clair
= that owing to the closing OF the Alel
4 ander Bank money matters are Close
e and that it is a great Inconvenience
/ and loss to the depositors, who's
: claims are not in dispute, for thel
part of the cash On hand to be hel
l from them.
The November term OF the Bou
:. bon Circuit Court cOnVeneS On u
d third Monday in November, and in a.
l. dition to the heavy litigation grow
S ling out of the failure of the banl
S Mr.. Alexander must stand trial
: about thirty-three indictments char
d ing him with misrepresentation OF til
e funds of the bank.