davidaulloa/AmericanStories huggingface dataset:
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
Marietta Trust 8 Banking Co.
Books UnderAudifors Inspection
Will Require Ten or More Days
TO Cover Period of Specula-
ton of Bank Officials

The auditors operating under the
state superintendent of banks are
continuing the audit of the books
Of the Marietta Trust and Banking
Company and will probably require
ten days more to complete the inspec-
ton which must be carried back for
number of years.
Up TO Thursday afternoon no new
developments as. to the probable
shortage had been reported. The
original $200,000.00 shortage report
ed, appears at present to be a fair
estimate of the total shortage.
On Monday A. H. Gilbert, vice.
President and George. H. Sessions,
cashier of the bank was arrested on
the order Of DIR. j. D. Malone, presi-
dent of the bank, who was not act
lively connected with the manage
ment. Gilbert and Sessions were re-
leased on $40, 900 bond fixed by So
lcitor General John S. Wood.
According to the statement of the
men involved in the shortage, their
speculation in the stock market had
been carried oYer.a period of about
ten years and the shortage had been
covered up by bogus notes and state
ments to the directors and state in.
spectors.
The exact shortage cannot be as
certained until the audit is completed
covering a period of ten years in
which the speculation of the bank
officials was carried on.
DR.. Malone's Statement to Press on
The grand jury is in session here
this week and they will doubtless in
diet the former bank officials.
"There is strong sentiment pre-
vaihng here among the former custo-
fiers and friends of the Marietta
Trust and Banking Company for re-
organization under a new manage
ment. The stockholders and custom
ers of the closed bank constitute a.
very large per cent of the wealthy
and substantial people of Marietta.
Ii it should reorganize and the prop
err men put in charge it would be sue
eessful from the day of its opening.
However. II should IN my opinion, be
organized under a national charter
The ether two banl If Marietta
being under the same management, 1t
is thought by many that it would be
best for the business interests of our
city and county, that another bank
should be in operation here"
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09

Northcutt.
Witch of Endor (Soprano) Mrs
w. +. Benson.
Messenger of Comfort (Soprano)
Mrs. Earl Medford.
Entire east, including chorus Of
Dam7els, Soldiers, Guards and after
dants:
First and Second Sopranos-Mr
s. I. Rambo, Mrs Charlie No"-h
cult, Mrs. Earl Medford, Mrs. w r.
BENSON, Mrs. Langford, Misses Mla
Chandler, Ruth Webb.
First and Second Altos -
Frank Hardeman, Mrs. Fred Bul.aa
Ms. Glenn Giles, Misses Willie Scott
and Ruby Webb
First and Second Tenors VI
= Smith. Charlie Northcutt. T. NJ
Hemp, Floyd Fuller Frank McH +
lin.
First and Second Basses--Mes,
Erana 5lardanan Bob Benson ! r.
Focter George Hairston Fred BIN
CON- ferguson, Charlie Mcmillan
Attendant Earl Medf3rd
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
Grain Elevator Seems Assured
by Action of Merchants Assn
Part of Capital Stock is Subscrio-
ed and Committees are at work
on Sale Of Balance

r.
Definite steps we're taken Al q
meeting of the Refill Merchants AS.
sociation of Marietta, Monday night,
whereby a large grain elevator VIII
be erected in Marietta in tirae 10
take care of this years grain crop
in Cobb county.
Since the boil weeyil has co.ae 10
Cobb county in such Overwhelming
numbers, the farmers of this section
have been looking for rYarket for
other crops, weber they could secure
cash for their products on delivery.
In view of this situation. the Mari
eta merchants have decided 70 <ol-
low the lead Of other counties Of the
state where the ravSges Of the boil
weevH has made raising cotton 0n-
profitable, to create a market for
corn, beans, peas, peanuts and the
like where farmers will receive the
market price for such prc60cts and
they will be in turn prepared for
shipping elsewhere bringing g steady
TOW of money into this section tb2t
has not heretofore been the ease
The grain elevator at DNbiir, Ga.
is an excellent example Of what it
Wiz mean to the farmers of this sec
ton. The Marietta plant is to be
even larger and have capital stock
of $4,000 which will give it ample
operating funds to handle the entire
surplus of Cobb and adjoining coun-
ties each year.
The elevator is to be operated the
year round and will afford a ready
market for corn, beans, peas, peanuts
and grain.
A big field is open to the plant and
there is no doubt felt for the expedi-
ency of such market at this time.
Several committees are at work this
week and will report back to the Re-
tail Merchants Association on the 20
Of February and definite announce
nent viii be made to the farmers of
this section so that they may be as
sured of market for certain grains
that are planted this year.
The plans for organizing the grain
elevator company here is to get as
many people interested in it as posi-
BILE. Two hundred and fifty shares
of stock are to be offered to two
hundred and fifty citizens of this sec-
stien 8typaf value of 500 each. Pay
ments to be made 20 per cent down
and the rest monthly or 60 day notes.
A considerable amount of the stock
has been subscribed and by the time
the committee at work on the sale
Of stock reports back to the Asso-
citation. the total of $4,000 will no
doubt be raised.
If the present plans go through.
the actual building will be started
next month and completed~in time to
take care of the grain crops this year.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
Woman's Club Endorses Market
JURY REPORTS A MISTRTAL
IN GERMAN VS.. w. & A. RY

The case of J. w. German vs.. the
w & A. railway took up the atten-
ton of the Superior court Wednesday
and Thursday morning. The jury
came in about ten o'clock Thursday
reporting that no agreement could
be reached, aud the case was declared
a mistrial.
Court convened Monday in regular
session, with Judge HUMPHREYS sit
ting in the DISQUALIFIED cases. and the
German VS. w & A. case was the
first set for trial.
A large number Of true bills, most
Of minor consideration, were return
ed by the grand jury in session the
first Of the week.
Court adjourned this afternoon,
and will raconvene next Monday
morning when the criminal cases viii
be taken up, with Judge B,air in his
regular place
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
MARIETTA SCHOOL
GIRL WINS PRIZE
FOR BEST ESSAY
Roberta Sylvester gets State prize
for Best Essay on How
/ Can Make the Highway
More Safe"

Miss Roberta Sylvester, daughter
OF. Mr.. Malcon Sylvester, of Polk
Street, is to be greatly congratulated
on winning the State prize for Geor-
gia, a gold medal and $500 in mon
ey, for writing the best essay sub
mitted by grammar school pupils on
the subject, How l Can Make the
Highways More Safe" The contest
was put on by the Highway Trans
port Education Committee.
Roberta is pupil of Seventh grade
B in the Waterman Street school.
She is only IL years old, but is a
girl of unusual brilliance and is
far more capable than the avearge
child Of that age, quite we'll read and
wen informed generally for one so
young.
Her psper will be forwarded to
Washington, to the National Com
raittee and she will be considered for
the National prize which is a free
trip to Washington, and also a large
cash prize.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
DR.. MEL vim HARDIN
SPEAKS TO CIVITAN
CLUB OF MARIETTA
Park Dallas of Atlanta Also Pres.
ent and Makes Talk to Mem
Ders Of Local Organization

The Marietta Ciyitan. Club held
thelr regular meeting at the club
roo1ns on the North side of the square
Friday afternoon.
Dr.. Melvin Hardin, Of Atlanta, was
the principal speaker and delivered a
splendid talk to the local club on the
sphere Of activity in which the club
should work and the educational
needs Of the state.
My. Allen Hardesnan and Mr.. 3.
Il. Paw we're accepted as members
Of the clab and we're present at the
meeting.
Mr.. Park Dallas. of Atlanta, who
has been a frequent visitor to the
club, rsade short but very impress
sive talk
Nearly one-hundreti per cent of the
members. of the club we're present.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
ROTARY BREhTHES
OPTIMISM ABROAD
SAYS PAT GROVE

One hundred thousand billboards
III the United States and Canada
breathing a spirit of optimism is the
example given by Pat Grove, the
speaker before the Rotary Club. Of
this city at its last luncheon as the
manner in which Rotarians seek to
yuu to practical use their creed that
HE Profits Most VINO Serves Best"
This month is the seventeenth an
Iniyersary of the organization of the
first Rotary Club. the Rotarians were
informed. On February 23, 1906,
Paul Harris, Chicago lawyer, and
three friends decided to form an or
ganization that would have several
unique features. First, there should
be but one man representing each
business, trade or profession in the
city. Second, all should give pledge
of service to their trade. TO their
community and to the individual
members of the community and the
trade and their club. Third, to pro-
mote fellowship and in promoting
fellowship rigid rule was adopted
that every man in the club should be
addressed by his first name or nick
name. at all times-othArwise the
member failing to so use the first
name or nickname should be fined.
Fourth, that the club should act as
an initiatory agent to all civic enter
nrises that come to its attention but
that if there happened to be an eff
cient agency existing that could per-
form the service thus initiated it
should be the duty of the Rotary
Club to let that existing agency have
the honor and credit of performing
the service-the Rotarians working
individually as club to back up and
further the cause to the utmost of
their abilities. Fifth, that any MEM
Der failing to attend four successive
meetings sould lose his membership.
The prosperity poster campaign, as
lit has come to be called, is an idea Of
the New York Rotary Club, which in
itiated and put Though the cam-
paiaa Other clubs Throughout The
country assisted ii the effort LII
every community where Rotary
Club has been established-an there
lare now more than one-thousand and
three-hundred clubs having about So
900 members in twenty-five different
countries-there will be found some
special civic work that is being carri-
ed on by the club awaiting the forma-
tion of regular agency to take it
over, and Rotarians will be found
connected with practically every for
ward movement of a civic and eco
nomic nature.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
DR. .MALONE'S LETTER
TO MARIETTA JOURNAL

Editor journal:
Understanding that you will carry
| in another column of your paper my
statements given to the Atlanta press
Monday and Tuesday regarding the
closing of the Marietta Trust and
Banking Company, ask you to al
low me to make a brief statement
ito the people Of Marietta aud Vicin-
iity and especially to our depositors..
The directors that have recently
been associated with ME on the board
are .. w. Blair, T. NJ. Brumby, Jr.,
j.. J. Daniel, II. N. DuPre, 4. ".
Northcutt and S. D. Ralnbo.
We were faithful in the perform
lance Of our duties as directors, md
reasonably diligent. But unfortun-
ately, all time unknown TO US, we
were being shrewdly deceived as were
the meB sent upannounced by the
state banl,ing department time. after
time, and year after year. to examine
the bank and books.
The whole thing is deplorable be
yond all expression in words. The
amount and extent of the sorrow,
trouble, loss and Inconvenience that
has been caused by the admitted
wrong-doings Of these two men, can
not be measured or known this side
Of eternity.
While we directors will suffer the
oteatest losses. our chief thought and
concern at present is Of the anxiety
md Inconvenience that is being eau
81 our dcpositors small and large.
who nut their money in the bank
It'll the same implicit confidence in
he honesty Of the management that
we had.
DIR. !. d. MALONE.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
COTTON GINNED TO JAN. Is
CROPS OF 1910 AND 1921

The Department of Commerce,
through the Bureau Of the Census,
has announced the preliminary report
on cotton pinncd by counties in Geor-
gia, for the crops of 1921 and 1920,
The total for the State shows 8l8,-
473 talcs for 1921. decrease of
5G6.69l bales ginned on the same
date in 1920. The total ginning for
the State in ! 920 on January l 6, was
1,385,122 bales.
The report gives Cobb ard adiac-
ent counties totals on ginning as fol-
lows.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
DIR. NJ. D. HODGES TO
ERECT FINE HOME

DR. VI. d. Hodges, owner Of the
HODGES Drug COMPANY, has this week
received the architects plans for hie
naw home residence TO be erected on
his lots facing Forrest Avenue. Or.
Hodges property lies between the
properties owned by Miss Allie Crock
EFT and Miss Laura Ford, and is one
OF the nest desire bic in the city.
The new home win be two-storv,
eight rooms and Of brick veener
Forrest Avenue IS included in the
late paving program and the addition
Of the DR.. Hodges residence viii
add greatly to that part Of he c,ty
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
J. M. AUSTIN ELECTED
CLERK AT MEETING
COUNTY COMMISSIONERS

]. NJ. Austin was elected as clerk
Of the Board of Cobb county commits
sioners Tuesday at the regular SEES
sion of the board.
Mr.. Austin succeeds J. r. Miller
who was not candidate for re-elec-
ton. and has taken up active duties
of his office.
The commissioners were in joint
session with the grand jury Tuesday
afternoon, but no information is Civ
en- out as to matters taken up at the
session
The usual routine matter was tax.
Ell 10 by the county commissioners
5sszis paid, ete
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
CURB MARKET FOR
MARIETTA ASSURED
Will Be Located on Hill Street
From Square to Railroad in
Front Of Express Office

A curb market was practically as
sUred for Marietta Monday night in
"a meeting Of the. Marietta Merchants
Association.
Mayor Jim BrIlaby, Guy North
eGtt, Henry Smith and Gus Benson,
eounciluaen were present and expires
sed their willingness to have the curb
Aearket located on Hill Street lead
ing from the Sauare to the railroad.
The city officials promised their co
operation and to have the. market
place kept in sanitary condition.
Plans are now under way and the
cueS market will be established for
the farmers OF Cobb within a short
WomAn's Club Endorses Market
At the last meeting Of the Mari
eta Woman's club the club approved
the plans for curb market for Ma
rietta, provided it be kept in q SAM
tary condition.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
SUBCRYBER EXPRESSES
APPRECIATION OF MR-
BRUMBY'S SERVICES

The many friends Of Mr.. jim r.
Brumby, Jr.; regret to learn of his
departure from his native city. Not
only will they miss him as a loyal
friend. but they appreciate his tech.
cal sbility and feel, that as Mayor of
Marietta, he has done much towards
the upbuilding Of the city and furth-
eling its interests ina substantial and
progressive manner.
OcOla is to be congratulated upon
securing the services of Mr.. Brunrby
ard we wish him success in his new
work
We are. sorry to lose NJ, Brunlby
and his family from the community
and from the Church, where they are
regular attendants and useful CO.
workers.
A SuhScriher
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
FIRST NATIONAL
AND N. IF. BANK
CONDITION STRONG
In Addition to Present Good Con-
dition, Atlanta Banks Offer
Unlimited Aid if necessary

The splendid condition of the First
National Bank and the Merchants
ard Farmers Bank of Marietta and
their generous efforts to assist the
depositors of the Marietta Trust and
Banking Company greatly relieves
the finaEcial situation in Marietta
and Cobb county following the closing
OF the Marietta Trust and Banking
Company on last Saturday.
Though the condition Of the First
National and the Merchants. and
Farmers Bank were such that they
could handle, the situation WITH their
present funds, generous offers were
made by the Federal Bank of At
lanta, The Citizens and Southern
Bank and the Fulton NATIONAL for
unlimited assistance.
The two local banks are to be com
Inended for the splendid ,co-opera-
ton they have given the citizens Of
this section and the remarkable why
the situation has been handled to
cause minimum of confusion.
Some OF the messages received by
the First National Bank with assn
RANGES of assistance are given below :
From the Federal Reserve Bank
%. E. Massey, President, First Ma
tional Bank, Marietta, Ga.-We re-
gret to learn of the closing of the Ma
rietta Trust and Banking Company,
your city, but the occasion gives no
cause for any fear on the part of
your depositors. One Of the funda-
mental functions of federal reserve
bank is to care for the needs of a
member bank when emergencies arise
and your good bank, as a member
of the Federal Reserve System can
rely upon the Federal Reserve Bank
of Atlanta giving you full measure
of assistance if it is needed or desi-
red. Command us if we can serve
you.
Federal Reserve Bank, Of Atlanta,
Joseph A MeCord, Chmn. Of the
Board: L. G. Addison, Acting Gov
ernor."
Telegram from Fulton National Bank
Atlanta, Ga, Feb. 6, 1922.
First National Bank, Marietta, Ga.
Regret to hear of the unfortunate
occurrence at Marietta and we wish
to assure the officials of the First
National Bank that the Fulton Ma
tional Bank is behind them and offers
any assistance they may need.
FULTON NATIONAL BANK.
From Citizens and Southern Bank
Atlanta, Ga, Feb. 6, 1922.
]. F. Massey. First National Bank,
Marietta, Ga.
Sorry to hear of your neighbor's
trouble. We realize you do not need
assistance, but want you to feel that
you can draw on us for half-n1illion
if necessary.
CITIZENS L SOUTHERN BANK.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
SPECIAL MUSIC PROGRAM
AT METHODIST CHURCH SUN

Chorus of 30 voices will sing two
selections from Cantata Saul.
% Organ Prelude Prologue
by Jas. Rogers.
~ 30. Trust In the Lord" Mems
voices with bass obligsto by Mr.
Chas. Mcmillan.
(3) Offertory: THE Rosary"
win, by request.
az Anthem, "The Earth Is The
Lords" Full Choir.
go Postude-Lemore.
The Marietta journal. (Marietta, Ga.) 1918-1944, 1922-02-09
DIR. MALONE, STATEMENT

DR.. ]. D. Malone, President Of the
bank but not active in its manage
ment, has furnished the following
statement to the press;
"Last Saturday, when the bank eX-
aminer informed myself and the 9th
er directors of the Marietta Banking
he had found against our vice presi-
dent, Mr. A. H. Gilbert and our
cashier, Mr.. George H. Sessions, the
two active officials of the bank. we
were dumbfounded. 1t came like a
thunderelap out of the clear sky.
1.-THE sworn statement made by the
bank at the recent call of the state
banking department and published in
our local papers Yas a good and high
ly satisfactory showing. The bank
owed nothing and had large am
cunt of cashson hapd and in other
banks. Ard the daily statement car
-Kied ON our bank books since then
and ct the preesat shows an even bet
ter condition.
"The shortage has been incurred,
Mr.. Gilbert states, AS result of the
specializing in the stock market by
MessFs. Sessions and Gilbert. each
acting seperktely and in his own
name, but With the knowledge of the
other. They first used their own,
funds; then later the banks funds,
and kept the matter covered up on
the banks books by false entries. =
lie says the speculation began ten
years ago, but that the larger losses
occurred only "A few years ago. During
All these years they have succeeded
in keeping il covered Up, and neither
the state examiners, nor the auditing
committee Of the board of directors
were able to detect it..
Books Regularly Examined
"The present officers have been III
charge of the bank since 1907.
have never been an active officer and
have never drawn any salary. | have
appointed an auditing committee
regularly from the board Of directors
who twice year have gone through
and examined every note and secmi-
ty Of the bank and counted the cash.
] have all this time had the two OH
Gals, Mr.. Gilbert and Mr.. Sessions
under bond of $4,000 each. both If
which are now in force and viii be
paid. Mr. Gilbert has turned over
his equity in his fine. apartment build
ing here, on which the sank should
realize more than $4,000
This may be called an instnace
Of too much confidence 1t certainly
is one Of misplaced confidence. Mr.
Gilbert and Mr. Sessions were both
born and reared in Marietta and be-
long to well-known and highly re-
spected families They have never
followed anything else but bankiue
They are both strictly sober men.
industrious and attentive to heir
duties, and during all their lives
have had TIE esteem and tonfdepce
of the public. Their going wrong
can be no greater surprise 70 the
ea c East Pagel
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-24

most pure f.nglish-that is the Eng
li*h Of Al purist. Richmond OF course
cIhHs stubboraly to us "cyar" and
'gyarden" Norfolk hangs TO il.
right much. Lancaster County will
not recognize a short sound for the
letter 70: ON. Is avn" there And
so II goes: but compare IL with
wootsics. peoples and "bcelins"
o! the Shenandoah county-inean-
ing respectively pigs. chickens. and
boils. These are chosen at random
bu, they serve to show that one has
To kno" tn" larguag. to en-
JOY life there. whereas IL one
can 'nn' ones ear to a long
or vowel sound and gcntler con-
sonant sNiiables. Their" ahur,,dn't be
any difficulty elsewhere IN tn. STATE
When you drop down over the lin.
INTO North Carolina gown home"
means that specific state TO a South
.rn"D, YOU find some. new phrases
mat are amusing. Along tho road
viii come a cart. driven by an old
dark and drawn by an old horse
or mule: the cart needs painting. the
darby needs a litil. OF everything
and the stctd is mothcatcn and lean.
your North Carolina host has but one
remark for that. ana IL is invariabl v
applied Tina; sur" is one sorry out
MT When he applies the term scr
rN' I" anything II ia indeed con-
demned.
Georgian Dwell. on the a."
Georgia person can hc rccoE-
hizcd n soon as he pronounccs n
WORD which has long sound: he
raises IL TO tho nth degree and
says You're ri-l-ight: that cert'n'y
Is ni-i-ic" place" Alabama natives
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-24

! have fondn"ss for the phrase he
longs TO be, meaning ought" why.
OF course sh" belongs TO n" pref
ty. the women of her family have
been beauties for nl. grucratiuns'
I'M odd phrase which * found ai,
over the south is used 10 could. :
meaning that formerly Il thing WAS
possible: they cuut"ad vigorously
that the Language needs that phras"
and that as souu as tn" construct ION
lists come 10 their senses IL Will bc
duly recognized We used TO could
talk as W. pleased without all this
wouid-be cruhite criticism.
Texas is new law unto Itself, New
Orleans is strangely cosmopolitan.
tavinr az i:s only p"cullarit" the
plentiful sprinklins OF expressive
French words and phrases: your ma
tive Of the Crescent City is as much
at home in the latter tongue as in
English-thc children often more 80
since the old servants all speak
French
And now We are going to cNEUn"
Il temporarily buried hatch.t: il VIII
probably never md permanent,
resting place. This is too good an
opportunity TO let pass Ia. statement
that tn" ". x. words ''yUu-dll'' ar.
never applied in the singular: per-
haps only on" person 81, ms 10 he ad-
dressed. but there is understood
o'hers-thosc who las, accompanied
the speakers. or som" members .: tie
family not present. Two Northern
travellers go South on visit. SIX
months later on" returns alone.
How are YOU all'" lac is asked
meaning not only INN bm, his form or
companion. Whcr"up,n IN" visitor
writes il down that the phrase is
"pplicd in the singular. AMI will not
be convinced otherwise: goes home
and declares such t. bH Ia" case aud
that he Can prove it. while all true
Southcrncrs wri;hc III anguish.
or course. the reason for the clear
~ defined differences even from
county TO county is that for so many
years each was an entity complete In
itself; to get from place to place was
difficult towns were fow. far be-
tween. and small. And there is an
easy spirit of Tive and let live"