1.
December 27, 1930
Chattanooga Daily Times
Chattanooga, TN
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LITTLE ORPHAN ANNIE-
CLEARING HOUSE SLICES RATES TO MEMBER BANKS
NEW YORK, Dec. 26 (A).-The New York Clearing house today announced a further reduction in interest rates which banks may pay on deposits, the third reduction this year Such action had been expected, particularly since the New York Federal Reserve bank reduced its rediscount rate from 2½ to per cent. The new rates become effective The rate on deposits of individuals has been reduced from 1½ to per cent., which compares with 2½ per cent. at the beginning of the year. Rate with member banks may pay on deposits of other banks has been reduced from 1½ to compared to at the start of the year, and on deposits of mutual savings banks to 1½ from 2 and from 3 per cent. at the first of the year. The rate on time deposits. up to six months unchanged per cent compared to 3½ January. This rate was last reduced on June 26.
Bank Suspensions.
MEMPHIS, Tenn. Dec 26 banks and branches in eleven northeast Mississippi towns were closed today. All were within a radius of about thirty miles, and the situation was described as local one by S. High. president of the People's Bank and Trust company of Tupelo, the largest of the closed banks Others were its two branches at Nettleton and Rienzi. the First National bank and the Corinth State bank. Corinth: the Ittawamba County bank, Fulton: the Bank of Sherman. Sherman: the Bank of Saltillo, Saltillo the Bank of Guntown Guntown: the Bank of Verona, Verona the Bank of Shannon. Shannon. and the Booneville Banking company Booneville All except the First National were state institutions Banking officials of the section expressed the hope most of the institutions would reopen within thirty days. Many attributed the closing to the announcement that the People's bank had shut its doors The People's bank was capitalized at $200,000 and its last statement showed deposits of about $1 700,000. The First National bank at Corinth, was capitalized at $100 000 and its last statement reported deposits of $1,018 710 20. The Corinth State bank. capitalized at $50,000, reported deposits of $288,759 Corinth was left without bank for the time Officials of both banks met to discuss suggestions for reorganization reopening The Corinth Bank and Trust company closed several weeks ago.
Mr High said Tupelo. with two banks open for had no fears am informed that the remaining two banks got $400,000 in cold cash from the federal reserve and are ready for any eventuality he W. Sanders. president of the Booneville Banking company, was here last night He said plans for refinancing were nearly complete
AUGUSTA Ga. Dec. 26 -The Union Savings bank here failed to open today and a notice posted on the door said had been placed in charge of the state superintendent of banks to conserve assets Gray, the president said the closing was due to withdrawals and the of the bank to collect loans rapidly enough to meet demand for The Union Savings bank on Nov. 26 had deposits of $873.061. with total resources of $1,174,840 It was capitalized at $100,000
RICHMOND Va., Dec. 26 E Bristow state commissioner of insurance and banking announced today the State Bank of Pamplin, in Appomattox suspended this morning pending meeting of depositors tomorrow morning
Arkansas Bank Reopens.
LITTLE ROCK, Ark., Dec 26 State Bank Commissioner Walter E Taylor announced the Citizens bank at Foreman Little River county. reopened today It suspended Dec 21. for five days. This brought to more than thirty the number of banks reopened in the state since Nov. 17. Since that date nearly 100 banks had closed.
2.
January 29, 1931
Corsicana Daily Sun
Corsicana, TX
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MISSISSIPPI BANK REOPENS CORINTH, Miss., Jan. 29.-(P)The Corinth State Bank, which suspended business December 26, reopened today. The First National Bank of Corinth, which also suspended December 26, reopened last Saturday.
ILLINOIS BANK ROBBED GORHAM. III., Jan. 29.-(P)The First National Bank of Gorham was robbed of between $4500 and $5,000 today, by two men armed with shotguns. The robbers escaped in a small blue and green sedan, which headed west.
BOBBY JONES' FAMILY GROWS ATLANTA, Ga., Jan. daughter was born today to Mrs. Robert Tyre Jones wife of the golfer. It is the third child in the famil The other children are Clara Malone Jones, six, and Robert Tyre Jones III, three.
HOUSTON MAN NAMED AUSTIN, Jan. 29.-(P)-Governor Ross S. Sterling today named Maurice Hirsch, Houston attorney, as the Texas delegate to the 35th annual meeting of the American Academy of Political and Social Science at Philadelphia April 17-18.
3.
January 29, 1931
News-Press
Fort Myers, FL
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General Butler To Face Court Martial
WASHINGTON, Jan. An apology to Premier Mussolini of Italy by the American government and courtmartial for Mafor General Butler came today result of the now-celebrated speech the marine officer made recently in Philadelphia. The officer's letter of explanation of the address had reached Secretary Adams only while before. In it was confirmation the fact that the fiery Butler had quoted friend as telling him Mussolini had run over child in an automobile and then driven off without notice. The court martial for Butler ordered immediately. Almost as quickly Secretary Stimson expressed "the deep regret which this government feels at the flection against the prime minister of Italy.' Butler Under Arrest
Butler was ordered by his commandant, Major General Fuller place himself under arrest and rot to the barracks at Quantico, he commands. Italian Ambassador de Martino, who had protested the speech at the instance of Mussolini, expressed satisfaction with the apolThe navy department moved toward the general courtmartial, chapter that may end Butler's adventurous career as marine. Secretary Stimson's note dated Jan. 29. It said: The Apology
"Excellency: have the honor to the deep regret which this government feels at the reflections against the Prime Minister of Italy in the unauthorized speech of Major General Smedley D. Butler, United States marine corps, at Philadelphia, on The sincere regrets of ernment are extended solini and to the Italian people for this discourteous and unwarranted utterance by commissioned officer of this government on active duty. "Accept, excellency, the renewed assurance of my highest consideration. (Signed) "Henry L. Stimson. "His Excellency "Nobile Giacomo de Martino. "Royal Italian Ambassador." Set Precedent
State department officials said they could not recall of any ilar apology recently. On occasion, the American government has apologized to other governments where loss of life has resulted from skirmishes such as in China or Incidents involving unwarranted seizure of goods foreign nation. This government formally apologized in 1929 when the Washington police seized and leased shipment of liquor to the Siamese legation. Ambassador de Martino imme. diately cabled the text of the (Continued on page five)
MISSISSIPPI BANKS REOPEN CORINTH. Miss., Jan. Corinth State bank which suspended business December 26, was reopened today. The First National bank of Corinth which also suspended December 26, opened last Saturday.
JOHN BARRYMORE ILL LOS ANGELES, Jan. John Barrymore, film star, in bed today under orders of his physician after an attack laryngitis. The actor had just begun production on new picture. Work on the film will be held until he recovers, probably week or ten days, studio officials last night.
4.
January 29, 1931
The Greenwood Commonwealth
Greenwood, MS
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Corinth Bank Opens
CORINTH, Miss. (AP) The Corinth State Bank which suspended business Dec. 26, reopentoday. The First National Bank Corinth which also suspended Dec. reopened Saturday.
5.
January 29, 1931
The Evening Sun
Baltimore, MD
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Corinth (Miss.) Bank, Shut Dec. 26, Reopens Corinth, Miss., Jan. The Corinth State Bank, which suspended business December 26, reopened today. The First National Bank of which also suspended December 26, reopened last Saturday.
6.
January 29, 1931
The Birmingham News
Birmingham, AL
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CORINTH BANK REOPENS Miss., Jan. The Corinth which pended Dec. The First National Bank Corinth which suspended Dec. last Saturday MISS GEORGE BURIED for George, died her Coker held Thursday Big Creek Church. Burial was church cemetery, Jones & Speigner
7.
January 29, 1931
Evening Herald Courier
Bristol, TN
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BANK IS REOPENED
Miss., Jan. The Corinth State Bank which suspended December re-opened The First National Bank Corinth which also suspended cember 26, reopened last Saturday.
8.
January 29, 1931
The Bradenton Herald
Bradenton, FL
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BANK REOPENS CORINTH, Miss., Jan. Corinth State bank which suspended business December 26. was reopened today, The First National Bank of Corinth which suspended Docember 26, reopened last Saturday.
9.
January 29, 1931
Sun Herald
Biloxi, MS
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OIL COMPANY PLANT TO the Oil Jackson Monday the headquarters this The the and the There back the completion receive company realized price has the company years ago.
NATURAL TO Jan. natural chise voted January Gillis, Tatum The three seek will into distribute Frank Dallas and Dudley were city with the mayor and members the board On the ground Weston, the Southern Petroleum Company Jackson, Mr. Gillis. chairman the declared Monday that this slowly posing of the franchise provision being filled before negotiations are pleted. The largest of the obligations performance bond.
CORINTH BANKS Corinth. Corinth which suspended reopened today. The First National Corinth which Dec. 26, opened Saturday.
10.
January 29, 1931
San Angelo Evening Standard
San Angelo, TX
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Illinois Bank Robbed. GORHAM, Jan. 29. National Bank of Gorham First robbed of between and today two men armed with shotguns. The robbers escaped small blue and green sedan, which headed west.
Bank Is Reopened. CORINTH, Miss., Jan. Corinth State Bank, which suspended business December 26, today. The First National opened Bank of Corinth, which also December 26, reopened last pended Saturday.
11.
January 30, 1931
The Philadelphia Inquirer
Philadelphia, PA
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CONFERENCES URGED 4 BILLION DIVIDENDS TO AID MERCHANTS EARNED DURING 1930
National Retail Dry Goods Association to Hold 20th Annual Convention
Meeting Will Be at Pennsylvania Hotel, N. You Febru- ary 2-6 Inclusive
Year Afforded Work for Forty Million Persons, Merle Thorpe Says
Raps Calamity Howlers in Citing Results Accomplished by General Business
A cheerful note is sounded by Merle riod such are passing the February of Nations must every effort learn their fellow merchants are "We entering. let are solving problems. The Twenti- final of our Mr. Thorpe National "The air charged with rumors. eth Annual Convention of the The campaign No Retail Goods Association will together retailers all parts "Have heard about such and of the United States and Canada for such bank? Do know old you the greatest and important and going the dry the headed for ference goods the Roe Company has during current E. managing of the passed said "Only by wearing muffs can one speaking the February walk block without having his conto inclusive, at the Hotel Penn- fidence
Raps Idle Gossipers sylvania. Sound Manage- "Of full are idle than idle of The lessons learned The folly of too of during the year 1930 must carefully the echo of the locker room and applied to retailing the The club car as the Voice of America. degree this may spell lately the between the success and interred and none retail do him that economic loaded and advertis- 45,800,000 freight cars, and with and expense, three trucks on service to and are the each of eral discussed and and saw highest and important are of any gasoline the various tion 399 million an time speakers represent some of saw hit the outstanding its highest Each has because he will thirty have four half 315 The National Retail Dry Goods the usual two and half has membership about to the 4700 member stores represents Cites Population Gain the total volume "It provided work for of business this field. and Speakers the include Philip LeBoutillier president and and head Nineteen hundred thirty and saw the Retail Goods to that expenses living did Dr. professor exceed evidenced by hunColumbia dreds dollars and Samuel president banks and half savings eighteen the Associated Dry billions and president of hundred thirty added Other speakers William one Nelson Taft. Retail Ledger: suming public- city the size of CleveCharles Gimbel Bros. all its 1930 furnished vertising and Wesley services and labor exchanged Clothier, all of Philadelphia. the extent 100 billion and annual Roebuck tonight showed net profits 1930 of less than the 1929 returns of $30,057,652 profit is equivalent to share on outstanding shares approximately what recent forecasts have Gross for the declined $53,000,000. decrease of 12 per Total sales for were with in told that in addition in average almost every the Sell Four N. Y. Exchange Seats off in the order reflected the decline NEW YORK Jan. purchasing of the popu- today for lation the sale four on the New and decrease in retail the The 1930 to The first. arranged this earnings were sufficient an of $4000 cash and the directors was said the the over the Three financial position had 1929 inven- this two at In 000 and one at $230,000. of the year and the fig ares were less by $17,846,863 Plan to Aid Coffee Trade the returns are One from that had all wiped terrible the Gulf by dreadful holocaust. Yet we are all
Wool Bidding Active LONDON. Jan. 29 (A. fair offered at the today active home secured most 8000 bales sold. the Merinos quoted 10 per the opening Prices generally were
Mississippi Bank Reopens 29 The Corinth which sus Pended 26, today. The First National Bank Corinth, which also suspended cember 26, reopened last Saturday.
Acceptance Rates Up NEW YORK, Jan 29 (A. Bankers vanced one per cent. for has carried bill RIO DE Jan. lowest the the dollar Newspaper Journal acceptance day said the had decided month cut four warehouse sive times. The take of 560 less than nounced by the basis depression 1% per cent. for sack the coffee 90-day bills.
12.
January 30, 1931
Clarion-Ledger
Jackson, MS
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Corinth State Bank Follows in Reopening
Jan. after the First National Bank Corinth had reopened, the Corinth State bank today Both banks suspended business December 26.
13.
January 30, 1931
The Tampa Tribune
Tampa, FL
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City Band Will Give Park Concert Tonight
A band concert by the Tampa City band. under management of V. Ficcio, will be presented tonight at 8 o'clock at Robles park under auspices of the Tampa Heights Civic association. After the concert there will be dancing in the auditorium. The concert program is as follows: March, "Hello Jim" (James F. Doyle); overture. "Exuberance" Al Hayes); duet for cornets, "Gloriana" (George D. Barnard): fox trot. "Somebody Stole My Girl" (Leo Wood): march. "Sinfonica" (F. Mazzarelli): quartet from "Rigoletto" (G. Verdi); march. "The Angel" (D. Villoni); overture. "Light Cavalry" (Suppe): fox trot. "Happy Days are Here Again" (Milton Ager).
BANKS REOPEN CORINTH. Miss., Jan. 29.-(A.P.) -The Corinth State bank which suspended business Dec. 26, was reopened today. The First National Bank Corinth which suspended Dec. 26, reopened last Saturday.
14.
January 30, 1931
Hartford Courant
Hartford, CT
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Three Bound Over By Court in Death Of Rockville Girl
Rockville Jan 29 Special Edward A. Brace Ellengton, Joseph Drohan 20. of 339 Street Hartford and Arthur G Vincent of Rockville were bound the April session of the Tolland County Superior Court in the Rockvile City Court today in connec with the death of Constance M Vincent 20 of 71 Union Street Rockville Bonds were continued $2500 for Di Brace and $1500 for Drohan and Vincent The three me through the attorneys waived the reading of the warrants and entered pleas of not guilty Miss Vincent died late Saturday night while she was being taken to St. Francis's Hospital Has ford Death was caused by an illegal operation. is alleged Dr. Brace was represented by Attorney Robert H. Fisk of afford Springs, Drohan by Attorney Max Goldenthal of Hartford and neent by Attorney William S. Hyde Manchester. The court room was filled capacity with spectators The lasted 10 minutes Drohan and Miss Vincent were both employed the Hartford Steam Boiler Inspection and Insurance Company of Hartford. Mr Vincent is the father of the dead girl
Second Bank Reopens. Corinth. Miss.. Jan. 29 AP The Corinth State Bank which sus. pended business December 26 opened today The First National Bank of Corinth which also suspended business December 26. re. opened last Saturday.
15.
January 30, 1931
The Los Angeles Times
Los Angeles, CA
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Bank and Two Branches Close in New Jersey
ELIZABETH (N. J.) Jan. 29 (AP) The People's Banking and Trust Company and its two branches failed to open today. The institution was placed in the hands of the State Banking Department Inability to realize cash quickly on its assets left the bank without adequate money to meet impending
CORINTH (Miss.) Jan. 29. (AP)-The Corinth State Bank, which suspended business December 26, 1930, The First National Bank of Corinth, which also December 26, reopened last Saturday.
FIRE DESTROYS CHURCH MONTREAL Jan. 29. (P) St Church, one of the most beautiful here, was destroyed by fire toBuilt years ago, it was valued at $300,000
Kiddies delight. in pets. Why not get them through Times Classified Ads?
16.
January 30, 1931
The Miami Herald
Miami, FL
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ALBANIA EARTHQUAKE WRECKS 750 HOUSES
Four Are Reported Killed and Many Others Injured In Catastrophe
[BY THE ASSOCIATED PRESS.] KORITZA, Albania, Jan. 29.-Seven hundred and fifty houses were wrecked, four persons were killed and many others were injured in earthquakes which began at dawn yesterday and continued throughout the day. In view of the scarcity of roads officials said it would be weeks before the extent of the damage is known. Many persons spent the night in the snowcovered mountains without shelter. Many churches were destroyed. The government is organizing airplane provisioning facilities for isolated villages. Upon hearing of the disaster. King Zog. who treatment at Vienna for an inflamed throat, decided to return here post haste to superintend relief activities.
MISSISSIPPI BANKS REOPEN CORINTH, Miss., Jan. 29. (/P)-The Corints State bank, which suspended business 26, was reopened today. The First National bank of Corinth, which also suspended December 26, reopened last Saturday.
17.
January 30, 1931
Corsicana Semi-Weekly Light
Corsicana, TX
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Discover Wreckage Missing Mail Plane Believe Pilot Dead
Jan. rangers prepared leave early today examine Walter mail plane beside bluff 18 miles north this expected find Case's body near wreckage, which was sighted Varney pilot, Albert Davis, yesterday Davis said Case apparently had against bluff concluded the pilot had been killed. disappeared last Thursday WALK, WALK Portland, Ore., Walking exercise. Be Wash. good shoes are proper they need new soles MISSISSIPPI BANK REOPENS CORINTH, Miss., Jan. LIBERTY SHOE SHOP. Bank, reopened today. First tional Bank Corinth, December 26, opened last Saturday.
Tom Shelton Kerens was distress Corsicana
18.
January 30, 1931
The Cincinnati Enquirer
Cincinnati, OH
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TWO BANKS REOPEN
Corinth, Miss., January The Corinth State Bank. which suspended business December 26, reopened today. First National Bank of Corinth, which also pended December 26, reopened last Saturday.
States fairly reporting ness. were finer being prices London.
19.
March 13, 1934
The Commercial Appeal
Memphis, TN
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CASE ORDERED RE-TRIED
Receiver Webster May Sue Hazard for Only $10,000
BY KENNETH TOLER
Appeal Staff JACKSON Miss. March Retrial of the suit of E. M. Webster, receiver of the First National Bank of Corinth, seeking recovery of $81,991 from President George A Hazard, was ordered by the supreme court today In the Alcorn County chancery court, the bank receiver lost his case, but on appeal was granted new trial. The question was whether more than one bond on which recovery could be made was in force at the time the alleged shortage was discovered. The high court held that only one bond of $10,000 was in force and on which the bank can collect in event losses are found chargeable to President Hazard.