Jasper County Democrat, Volume 10, Number 42, Rensselaer, Jasper County, 18 January 1908 — WILL MEET TODAY [ARTICLE]

WILL MEET TODAY

To Elect Bankruptcy Trustee of Parker Bank. WILL BE A LAR6E ATTENDANCE, And Creditors Likely to Select Jasper Guy or W. H. Cheadle for For the Place. 'L is the date set for the first meeting of the oreditors of the Bank of Remington, which is to be held there by Referee Bowers for the purpose of electing a trustee in bankruptcy. A new man for this position that has been talked of considerably the past week is Jasper Guy, the well known Remington attorney, Guy has many of the heaviest depositors for him and it seems from what can be learned that he stands a good chance of being elected. His friends urge that he has always been straight in his business dealings, is systematic in his business affairs and is well qualified in every way to handle the trus-tee-ship economically and in as expedicious a manner 1 as anyone that could be named. W. H. Cheadle of Remington, who has heretofore been mentioned for the place, is also being urged as a capable man by his friends, and it would seem at this writing the selection lies between Guy and Cheadle. The statement being made by some that Guy was Parker’s attorney, his friends allege has little foundation. Parker never employed an attorney to but very little extent, All the deeds, mortgages, etc., executed by or with him were drawn by himself, and he always had a olerk in the bank to attend to the notarial work.

Bank Examiner Hinshaw has - been at Remington off and on for „ the past month examining the bank books and papers, and the first of the week hail an expert accountant from the State Auditor’s office there going over the Building and Loan Association books, of which institution Mr. Parker was the seoretary-treaanry. From what we could learn it is thought these books were in a fairly good condition. Some $53,000 to $54,000 more of assets of questionable valne have been found by the bank examiner. They consist of book acoonnts and are too worthless to be listed, it is reported. „ The Perpetual Building, Loan and Savings Association directors have gone carefully over the books of that institution and find that the association’s affairs are in good shape, notwithstanding reports to the contrary bad gone oot because Jdr. Parker wa4 the secretary-treas-urer of the concern and was alleged to have issued much fraudulent stock. It seems that Parker ran oat of certificate blanks for bis bank and nsed several blanks of the. building association, which may perhaps cause some little confusion in getting straightened out, but the officers of the association figure that they have sufficientsgets to pay liabilities and leave a margin of $8,500. A meeting of the Fountain Park directors was also held one day last week and Mr. Parker resigned as president and director and W. 0. Smalley was appointed a director in his stead. It is the intention to go ahead with the Park meetings the same as heretofore, and many of the speakers for this , year have already been contracted with, it iB reported. This is well, for it wonld indeed be too bad to let such a high-class chantanqna as Fountain Park go down.