The Newark Journal.
Published In the Famous White River Country, where Alfalfa is king
$1 Per Annum
Newark, Independence County, Arkansas, Friday, November 12, 1909
Vol. 9. No. 31
DIRECTORS RESPONSIBLE
Depositors in Defunct Dank of
Newport Must be Paid
The directors of the defunct
Dank of Newport are responsible
to the depositors for all obligations
created after the violation of the
laws governing the conduct of that
institution, according to a decision
of the Supreme Court handed
down last Monday,under the style
of A. D. Bailey, et. ah, vs \\ . N.
O'Neal and Gf. Heinman, in which
the decision of the Independence
Circuit Court in favor of O Neal
and Heinman was atlirmed.
The case brings up a long story
of the financial troubles of the
Dank of Newport, which went in
to the hands of a receiver April
30, 100(3, at which time its indebt
edness to one concern, the Kelly
Lumber Company and subsidiary
organizations totaled^l 74,000, with
no security except the stock of the
corporations.
Dasing their complaint on the
ground that the failure of the bank
was due to negligence of the di
rectors, thus making them liable
to the depositors for all debts of
the bank accumulated during the
time of such neglect, O'Neal and
SULPHUR ROCK SKETCHES
Items of Interest f-'rom the Hub
of White River Township
Squire II. Jimerson went to
Batesville Tuesday.
Madison Gossett has taken a
position with T. C. Knox.
Mi', and Mrs. J. O. Burns were
down from Batesville Monday.
Karris Bice has taken a position
with the railroad company at
Newport.
Mr. and Mrs. Charley Wright
spent Sunday with relatives at
: Charlotte.
J. W. Barnett, one of Newark’s
best citizens, was in our town
Wednesday.
Mrs. Julia Herrington of Bates
ville spent Sunday here with her
many friends.
Rev. Mathis will preach at the
Baptist church every Sunday and
Sunday night.
Mrs. O. L. Jernigan and chil
dren of Charlotte spent Wednes
day in the city.
Prof. Sidney Pickens and family
of Batesville spent Saturday and
Sunday in town.
«iacK numngton came up irorn
Newport Sunday to spend a few
days with homefolks.
Kev. C. F. I lively tidied his reg
ular appointment at the M. E.
church Sunday night.
Miss Belle Brannon of Newark
>pent Sunday night here vi'iting
her uncle, Allen Gossett.
Dr. A. D. Barr of Batesville
will preach at the Methodist church
next Sunday tit 11 o'clock. Every
boriy invited.
Mrs. W. J. Cooper and children
and Mi's Bray were up from New
ark Wednesday, trading and hav
ing some photos made.
Mr. and Mrs. ,1. W. Mangrum
came up from Little Rock Sunday
to spend few days with the lady’s
'ister, Mrs. Pleas Wright.
Miss Emma Thomas of Bates
ville and Mrs. Mast in of Enid,
Okla., spent Saturday and Sunday
here visiting Mr. and Mrs. W. S.
Moore.
Hon. R. A. Dowdy came down
from Batesville Sunday and deliv
ered a very interesting address to
the Sunday School classes at the
Methodist church.
Luther Ashley of Chattanooga.
Tenn., came in Monday to visit
relatives and friends. He left here
3 years ago and his many friends
are glad to welcome him back for
a visit.
iieinman orougm -un again -1 uie
directors to hold them responsible.
The directors set up the defense
that they had left the matter to
the compcntency of their cashier
and to the officers of the bank.
The Circuit Court, however,found
them liable to the depositors and
the judgment was appealed to the
Supreme Court by the bank di
rectiors.
The Supreme Court holds that
the defense that the directors
made to the effect that they de
pended on their cashier is not valid
defense; that it would be shifting
to others a duty that is fixed on
directors by law, that of general
supervision over the affairs and
conduct of the bank’s business.
The cashier is merely an execu
tive officer, while tire directors re
tain the administrative duties.
COMET COniNO IN MAY
Halley’s comet is due to appear
on the 18th of May, 1910, accord
ing to calculations recently made
by a noted astronomer of Can -
bridge, Mass.
BUYING CORN.
Bud Sisk is buying corn and
is paying 58 cents a bushel for
good dry corn. You will find him
on (he street all the time.
t
PURPOS
rn
I'M \\
8.0
01
n
BANK
I he purpose of a hank is to be useful
and helpful to a community; to facilitate
business by the exchange and extension of
credits, thereby making it possible to carry
on a vast amount of business with a com
paratively small amount of actual cash.
It is wrong to hoard money and bury
it in some old cellar and thereby take it
entirely out of circulation.
Bring it to this bank, where it will be
much safer and will help to earn you more
money, and yet be at your command.
M MERCHANTS AND PLANTERS SANK ft
i
It
Geo. L. Green, President
Leslie R. Acton, Cashier
I
WINNER OF FIRST PRIZE AT ARKANSAS STATE FAIR
The above is a p:cture of the White Plymouth pullet which won j
tirst prize at the Arkansas State Fair at Hot Springs, October 7th to |
13th, 1009. The pullet is an Independence county product, bred and
owned by Geo. A, Ashley, of Rutherford, Arkansas.
I). B. (jire of the Dota neigh
borhood was in town on business
Wednesday.
B. F. Jonner, a good citizen of
the Charlotte neighborhood, was
in town yesterday.
The grand jury adjourned last
Saturday, after having returned a
total of 7ft indictments.
ltev. A. T. Ritchie will begin a
protracted meeting at Charlotte
on Saturday, November 20.
Don’t forget the farmers meet
ing at Sulphur Rock next Mon
day. It will be worth your time
to attend.
Constable W. L. Hall spent
Wednesday and Thursday looking
after some business matters near
Olyphant.
Mr. and Mrs. lv. F. Hibson of
Catoosa, Okla., arrived Wednes
day evening to spend a few days
visiting relatives and friends.
Mr. and Mrs. (). L. Strahl re
turned to their home at dudsonia
Tuesday evening, after a pleasant
visit here with their daughter,
Mrs. W. T. Morris.
moved to Oklahoma a little more
than a .year ago. They are doing
well and are well pleased with
their new home.
T. M. Herrington, assistant
agent at the depot, left Tuesday
evening for Memphis to appear as
a witness in a damage suit against
i the Memphis Street Railway Co.
Miss Volena Hogue is assisting
Agent Hoyt during Mr. Herring
i ton’s absence.
Oh INTEREST TO FARMERS
! -
To bring about a closer relation
i between the breeders of pure bred
live stock and the Agricultural
College: to help the breeders to
distribute their pure bred animals
J throughout the state: and to save
| the purchaser considerable amount
1 in freight or express charges, by
buying near him, the Department
of Animal Industry of the Animal
College at Fayettville request that
all who breed pure bred stock,—
whether poultry, swine, sheep,
goats, horses, cattle or other an
imals, —send in their name, post
otlice address and kind of stock
handled.
This is in fact a co-operative
movement throughout the state
for a better class of live stock,
which will, of course, bring about
a better type of farming.
A. lv. Short.
Mr. and Mr. Oscar Fisher, of
Oil Trough, accompanied by their
brother and sister, Robert andMiss
Kva, spent Sunday in town visit
ing their brother, M. S. Fisher.
For Sale.- A nice little farm of
"SO acres, near Dota, with 60 acres
in cultivation, good small frame
house, painted, good fence and all
improvements good. White River
Laud & Investment Co., Newark,
Ark.
Magness Bros, millinery stock
j is complete,and they will give you
better {dices and styles than other
neighboring towns. They also
have ladies’ belts and all kinds of
hair ornaments, and are making
1 reduced rates on dress goods.
Hon.K.A. Dowdy of Batesville,
the lay-leader of the Batesville
district, will occupy the Methodist
pulpit at 11 o’clock Sunday. He
will have something to say of con
siderable interest to all church
workers. Go out and hear him.
Mr. and Mrs. Iv. F. Gibson anc
little daughter,Virginia, of Catoo
sa, Okla., arrived on the evening
train Wednesday and drove oul
I j to Hutson to visit the lady’s par
Ijents, Mr. and Mrs. J. L. French
! Mr. and Mrs. Gibson are formei
i; residents of this county, but re
BREWER CONVICTED; AP
PEALS TO SUPREME COURT
l Trigger Brewer of this place
who was tried in the circuit court
at Batesville Friday on a charge
of grand larceny, was convicted
and sentenced to two years in the
) penitentiary.
Brewer is charged with stealing
a pocket book from a traveling
man.
An appeal was taken to the su
preme court, and Brewer released
on bond.
STATE-WIDER5 CALLED
A call has been issued for a
meeting to be held at every county
ieat in the state on the 11th of
December, for the purpose of or
ganizing for the coining campaign
for state-wide prohibition.
BAPTIST ASSOCIATION
The annua! convention of the
' j Baptists of Arkansas will be held
at Arkadelphia the r.»th to 22nd
of November. It is expected that
’ j about 1,500 delegates will be in
’ attendance.
LUMBER FELL ON HER
Little Beatrice Long Instantly
Killed Thursday Evening
Beatrice, tho 2-year-old daugh
ter of Mr. and Mrs. Mastin Long,
who live in Logan township, was
instantly killed Thursday of last
week, about sun-down, by a heavy
piece of lumber falling on her
while playing around the lumber
yard at the Whisnant saw mill.
A lot of lumber had just been
hauled away from the saw and
roughly piled up in the mill yard.
Several children were playing
about tho mill yard and little
Beatrice was standing beside a pile
of lumber when a heavy piece of
lumber fell upon her, badly crush
ing her little body, death resulting
instantly.
The remains were buried at the
Buck graveyard Friday afiernoon.
Rev. G. L. Fink conducting the
funeral services.
CORD CHRONICLES
Joseph Pickens will soon have
uia new icftiutujue tumpiobcu.
A great deal of cotton is being
marketed at Tuckerman this fall.
Crops are being gathered rapid
ly and gathering will soon be
finished.
Hickory nut hunting seems to
be the order of the day and a
great many tine ones are being
found.
Quite a number of Hickory
V alley citizens were down a few
days ago gathering hickory nuts,
hunting and fishing.
Ucv. I. .1. Martin left a few
days ago for Auvergne to fill his
appointment, and will go from
there to Forrest City to attend the
State Baptist Association which
meets Friday.
GOING OUT OF BUSINESS
Fight thousand dollars worth of
merchandise will be closed out
The sale will begin November 15
and continue until the entire stock
is closed out. Here is a chance
for some competent man with a
small capital to make money. To
anyone who intends to make a
change in the next three months,
here is a good opening. Apply
for the building in time.
O. Fishkk, Oil Trough, Ark.
LOOK HERE, HR. MAN
If you want to sell your farm
see the White River Land & In
vestment Co.
TO DISCUSS FARMING
Government Agriculturists Will
be at Sulphur Rock Monday
J. A. Evans of Shreeveport, La.,
w,ll address a meeting of farmers
and others interested in agricul
ture at Sulphur Rock next Mon
day, the 15th.
Mr. Evans is in the employ of
the National Agricultural Depart
ment at Washington, and is doing
a great work for the farmers in
his courses of lectures and demon
stration work.
II. A. Mobley of Prairie Grove,
Special Agent K. C. Davidson of
Searcy, and County Demonstrator
•I. E. Taylor of Hutson, will also
be present and it is expected that
an enthusiastic and profitable
meeting will be held.
Every farmer in the county who
can possibly do so should attend
this meeting.
It is the intention of County
Demonstrator J. E. Taylor to es
tablish about 200 demonstration
farms in various parts of the coun
ty. These farms will be put in
cultivation next season, and Mr.
Taylor will endeavor to make a
practical demonstration of what
may be accomplished by practical
and scientific farming.
The farmers success does not de
pend so much upon the number of
acres he cultivates as upon the
yield he secures. Therefore the
educational work being done by
the government through the
demonstration plan is bound to
result in much good to those who
are interested in agricultural pur
suits. The Journal hopes to see
the farmers fall in line with this
movement and be prepared to get
all the benefits that may be deriv
ed from it.
BEN GREEN CAPTURED
Ben Green,who is charged with
assaulting Charlie Pollard one day
last week while the two w6re on
their way home from Newport to
Dunnington, was captured Tues
day at Monette and was taken to
Newport Wednesday and placed
in jail.
Green claims that he was drunk
and knows nothing of the affair.
TIMBER LAND FOR SALE.
lf>0 acres finest pine timber land
in Baxter county,seven miles from
railroad. Plenty of timber sur
rounding to make good run for
mill. White River Land & In
vestment Co., Newark, Ark.
Banking
Is Our Business
C'^HE sign “Bank” does not make a
bank and is often misleading It
requires time, energy, close attention
to business, a substantial capital and
experience in banking to make a bank
We claim, without blushing, all the
essentials necessary to make our bus
iness that of banking, and tender our
patrons a service thoroughly seasoned
by years of experience, backed by a
substantial capital and surplus.
I.FIRST NATIONAL BANK OF NEWARK
-DIRECTORS
? E. C Edwards, E. H Williamson, J. P Magness, E. E. Allen,
p ' C. Hoyt,’ G M. Fields,
m
R. B Adams.