Freedmans Savings And Trust Company Speech of Hon Taul Bradford of Alabama

Cover Freedmans Savings And Trust Company Speech of Hon Taul Bradford of Alabama
Freedmans Savings And Trust Company Speech of Hon Taul Bradford of Alabama
Taul Bradford
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A. They disclose this: that a loan of 3oO, (JOO was made to Ilnllet Kilbourn and John 0. Evans at a certain time with certJiin collaterals attached — which are described in the agreement — and that a secret agreement was drawn up between the actuary, the finance committee, and these gentlemen. That, in case the note was not piiid at maturity, the note and all the securities, except the bonds of the Maryland Mining and . Manufacturing Coni[)any, should be surrendered to the makers of the note, a
...nd that the bonds in question — that is, the Seneca Stone Company bonds — should be taken in full payment of the note.
(J. Was not that agreement, between Kilbourn and Evans on the one hand, and the officers of the bank on the other, iwith a secret article stinulating that on certain contingencies Kilbourn and Evans were to have their note returned and nil the other securities except the t'cncca Stone bonds;, an expedient to cover up a transaction between the actuary and the Seneca Stone Com- pany of a date prior to that agreement ?


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