ju Newport Daily I?_
VOLUME VI. NEWPORT. ARKANSAS j THURSDAY. MAY 3, <906._NUMBER 7.
MASS MEETING Of tfftoSITORS
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W * Held [At the Court House Wednesday
Jp Evening Asks That T. D. Kin
man Be Appointed Co
Receiver of Bank.
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■ At a mass meeting of deposi
tors of the Bank of Newport,
held at the court house Wednes
day evening attended by about
200 people, probably half of
if whom were depositors in the
suspended institution, action
was taken toward the securing
of Capt. T. D. Kinman as a co
receiver to act with the already
appointed receiver, Alcorn Fer
guson.
(pip Dr. C. West called the gather
| ing to order and Judge L. Lipp
H"£ mann was chosen chairman and
III E. A. Shaver, secretary. The
|0 desire of the majority of the de
Y positors seemed to be to have
jf^ ..Captain T. D. Kinman to act as a
co-receiver with Mr. Ferguson in
the settlement of the bank’s af
and a committee consisting
>^. Wes M. M. Stuckey
rclliu vjr. J-i.
^to draw up and present the
necessary petition to Chancellor
Humphries at Salem.
The petition was drawn up
and signed by a large number of
depositors and Attorney G. L. i
Grant was despatched to Salem
to secure the action of the
chancellor. He left Thursday
morning and is expected to re
m turn Friday.
The confidence of those as
sembled was expressed in Mr.
Ferguson by inviting him to ad-1
dress them, which he did. , He^
stated that he had sought the
assistance of Capt. Kinman,
whose knowledge of the bank’s
affairs was much to be desired
at this time, but the latter had
been prevented, owing to the
duties of another position.
Mr. Ferguson took occasion to
deny the various reports circu
lated purporting to express his
opinion of the condition of the
bank and declared that he would
know no one in the administra
tion of his duties as receiver.
Depositor, stockholder, director
and officer should all be treated
alike, but naturally the deposit
ors had his greatest sympathy.
A committee named by the
chair selected the following com- j
mittee L. Lippmann. E. C.
STATEMENT
-OF—
The Condition of Arkansas
Bank & Trust Company
at Close of Business
April 28,1906.
LIABILITIES.
Capital. $50,000.00
Surplus and Profits.$11,811.02
Deposits.$270,119.29
$331,930,31
ASSETS
Loans and Dis.. 136,541.78
Cotton Loan... 46,253.65
Scrip on hand. 955.57
Furn. and Fixt..;.. 1287.46
Cash on Hand.... ... 146,891.85
$331,930,31
The above statement is true.
J. W. Grubbs, Pres.
Chas. G. Henry, Cashier.
Subscribed tp before me this
30th day of P pril 1906.
F. E. Vining,
^Notary Public.
My commission expires Sep
tember 1st, 1908,
Waterman and C. West to as
sist the receiver so far as they
might be able and to report as
early as possible to the deposit
ors upon the condition of the
bank.
Money was raised to pay the
expenses of sending the petition
to Chancellor Humphries and the
meeting was adjourned without
any violent talk.
week’s work before report.
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As stated in his talk to the
mass meeting Wednesday night,
Receiver Ferguson believes it
will take a week’s work before a
report can be made upon the de
funct bank’s assets and liabil
ities. The bank’s collateral is
largely held by city correspond
ents and from them. Mr. Fer
guson is securing lists of what
they hold as rapidly as possible.
Notice to Depositors.
Depositors of the Bank of New
port aro requested to come and
secure and sign for their pass
books that have been turned in.
Alcorn Ferguson.
The latest sheet music at I. D.
Price’s.
Among the stockholders of the American Trust
Company are the most responsible people finan
cially in this section of Arkansas, and includes:
Y. A. Cole, J. B. Gregg, B. H. Berger, Joe Berger,
Sr., E. Less, Alex. Berger, J. Less, M. Stonefield,
J. W. Harrell. Bradford & Etchison, J. A. Dixon,
Nathan Ichenhauser, H. Carlton & Co., S. P.
Thompson, A. Daust, J. D. Stringer, and many
others. • •
We offer 5 per cent, interest and safety. Are you
doing this well? If not, write today asking about it.
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lisas of Trial.
The Bible makes it very clea
that God has committed the gov
ernment of this world, whethe
of empires, kingdoms, republics
states, families or individuals t<
His son. the Lord Jesus Christ
He is the ruler, by Him it shal
be conducted to its close, by Hin
it shall be judged and upon His
decision will depend the ultimat<
destiny of every human being
All of our affairs are now in Hi
hand. If these things be true
it is most happy for us for reas
ons readily seen.
He has infinite love for thi
world and all its peoples of everj
condition. Of this his death i
ample proof. There is absolute
ly no limit to His knowledge
He is acquainted with every lift
and its every experience; He is
possessed of limitless power ove
every situation in every life
Earthquake, fire, storm, tempest
armies, navies, money, labo
and capital, all these are unde
His hand. These things beinj
f :ue some things follow of neces
sity.*
1. Nothing happens — We
cannot understand how or foi
what purpose He can employ ar
earthquake, a storm, a closec
bank with the trials that ensue,!
but the Commander, the Chief
Director is looking on and has
his hand upon every part of every
trial and stops it just where it is
of no further service.
2. He makes the trial to con
tribute blessing that neither
money nor prosperity can buy.
The storms and frosts perform
their service as really as the sun
shine and gentle rains. The life
without trial is without power.
3. Trials test men. They
furnish the great fields of battle
on which heroes receive their
Knighthood, the Judge looking
on and making his record. The
cowards run away and are glad
to be well out of it but the pil
lars of strength stay in their
places. We may not doubt but
that their reward is sure.
4. Trials are usually brief.
“Our light afflictions which are
but for a moment.” So they
are as compared with eternity.
The night soon passes and the
' morning of an eternal day soon
! dawns.
5. Trials bring us together
as no measure of ease and abun
dance can. Those Who weep to
j gether are closer together than
i those who only laugh.
I In the days of crushing calam
! ity heart seeks heart and soul
i goes out in search of its fellow
' soul, words of sympathy come
| out and link us together. So it
! comes to pass that love has its
! way and we say with God’s ser
vant, “It is good for me that I
have been afflicted.”
* R. B. Willis.
School Board Elects Teachers.
At a meeting of the directors
i of the public school Tuesday
afternoon the teachers for the
| ensuing year were elected and
the salaries of the intermediate
j teachers increased five dollars
: each per month.
The following were elected:
William L. Wallace, principal;
i Miss Sallie Foster, first as
sistant; Mrs. Ella Box, primary
'teacher; Mrs. Dora Albright,
Miss Margaret Beattie, Miss
Alma Futrall and Mrs. Samuella
R. : Davis, assigned to the in
termediate grades.
Notice for Bids
is hereby given lhat sealed bids for the
work for the next two years, will be
Vsleeived by the City of Newport up to 6 p. m. of
Monday, May 7, 190C. Bids to be submitted to
the recorder by wards.
The council reserves the right to reject uy
and all bids. R. C. HARDER,
May 2, 1900. td City Recorder
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Ready for Your
Spring Oxfords, Sir?
We think the “Clapp” Shoes are the best men’s
shoes made. We think you’ll think so, too, when you
i j see them.
j ' Lace, Button and Blucher styles, according to your
fancy—Swagger shape or the business shoe proposition.
This is Oxford time; we are prepared to show you
i the greatest line of Clapp “Oxfords” you have ever seen
at $5.00, $5-50, $6.00 and $6.50.
We have others (our own brand—made for us) at
j $3.50 and $4.00. <«,
We are preparep to show you the new JtKings Jin Straw ; Hats. We
have the Hawes at $3.00, the Knox at $4.00 and $5.00; Panamas at $4.00
to $*0.00.
Belts, Hosiery, Cravats and Shirts await your inspection.
^GPT-THE HABTf3
FURNISHERS TO MEN WHO KNOW.
,
3 DAYS I 3 D
r " 1 1
Cut Price Sale, For Three Days Only
THURSDAY, FRIDAY AND SATURDAY,
MAY 3d, 4th, and 5th.
ON v
STEIN-BLOCH
Men's W el Tested Suits j
All $15.00 Men's Suits at .... $10.00
| All $18.00 and $20.00 Men’s Suits . $12.50
I All $22.50 and $25.00 Men’s Suits . $15.00 ,
NOTHING CHARGED. NO ALTERATIONS. |
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Don’t Thursday,
Forget Friday and
'M '
the Dates,
, -
— =May 3d. 4th and 5th.zi-_:: z.--.;,. ^
srcanfile C .
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