cce4cc3aFull suspension
Other: Receivership assigned after suspension (per later article).
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ENTERPRISE BANK "SUSPENDS; FUNDS ITHDRAWN CAUSE (By Associated Press.) Enterprise, Miss., Feb. 9.-The Bank of Enterprise did not open today. F. O. Voorhees, president of the bank, said the suspension of business was caused by an unexpected run on the institution Saturday. He said the depositors will be paid in full. It was capitalized at $15,000.
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SMALL BANK IN TROUBLE. Enterprise, Miss., Feb. 9.-The Bank of Enterprise did not open today and F. 0. Voorhees, president, said business was suspended because of unexplained "run" on the bank Saturday. He said all depositors would be paid in full. The institution was capitalized at $15,000.
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BANK TROUBLES available cash The following editorial from the Alcerns and indiv bany Herald will be of interest to feeling of une readers of the Times-Recorder. insowith important much as the recent closing of the doors general fear tha of the Americus National bank is the a country-wide all-important topic of the day in AmerAnd yet, b icus: not the signs G. F. Armstrong, cashier of the panics. As a r Bank of Hazlehurst, sent a bullet into to detect the storms. and the his brain at his home yesterday when he saw the sheriff of the county apin ample time preaching to serve a warrant. Armagainst the dan continued blow strong's bank was closed several days ago, a shortage of $12,000 developing, firm or corpora but he had not been arrested up to in time of pani yesterday. The warrant was sworn banks are runn and will let ou out by a customer of the bank, who charged that Armstrong had misapprois absolutely ne priated notes left in the bank for colMost bank fail lection. honesty of their A son of Armstrong, W. 0. ArmSome, of course strong, is now in jail at Rentz, Ga, est mismanagen such cases are x charged with responsibility for a shortage in the Bank of Rentz, of ery one of the I which he was cashier. The bank is above seem to closed. dishonesty of S C. Hunter Raine, president of the held positions di Mercantile Bank of Memphis, Tenn As a rule, b is short $750,000 in his accounts, draw large sala and the bank regarded as one of the ly sufficient, bu strongest financial institutions in Tenfinancial institu nessee, is closed. salaries large er The Americus National Bank IS who receives closed because of losses, the extent "splurge." We of which is not yet definitely known. living, and the and though no arrests have been a man having a made, defalcations are hinted at. ready cash to extent which hi The Bank of Enterprise, Miss., failed to open its doors yesterday because It is easy to " of a shortage which developed unexcourse, pay it b Success or failu pectedly, and the newspapers have contained reports of a number of oth r a small shortag same result-th bank suspensions, most of them due to shortages of officers or employees, to make possibl during the last few weeks. was lost, or the or income. It When anything like an epidemic of bank suspensions is reported, it is in the bank emple life is promptl evitable that there should be a greater or less degree of uneasiness in the cloud of suspi public mind. In the more nervous tion with which communities, there is a drawing in of the penalty the
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Run Closes Enterprise Bank. Enterprise-The Bank of Enterprise is closed. and F. O. Voorhees, president, said business was suspended because of an unexplained "run" on the bank. He said all depositors would an paid in full. The institution was capitalized at $15,000.
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FOR SALE Horses and Mules. J.T. Pinkerton, Waynesboro, Miss, [Advertisement] BUCKLEY DENOUNCES CAMPAIGN CANARD. To THE VOTERS OF THE 10th. JUDICIAL DISTRICT OF MISSISSIPPI:I have been informed by some of my friends, that it is being circulated over the district, that I was connected with the Bank of Enterprise at the time of its failure as one of its Directors or Officers, which IS NOT TRUE. I lost my residence by fire a short time before the Bank failed, collected the Insurance money and. deposited it in said Bank for the purpose of rebuilding, and at the time of its failure, I had on deposit, $3,989 06 In addition to said deposit, I owned $600 00 of the Capital Stock, a part of which I purchased from Mr. Kamper, a few months before the Bank failed. I bad no knowledge of the Bank S condition. until after it had gone into the hands of a Receiver, which information was furnished me by Mr. Will Ward, while I was holding court in Meridian, Monday morning, Feby. 9tb 1914. The failure of the Bank necessitared my having to borrow money from 1 friend in order to rebaild mv home. I was the largest depositor and the beaviest loser of anv other person, and any rumor in conflict with the above is absolutely untrue. I trust, my friends will go to the pells on March the 7th. and cast their votes for me, which will be greatly appreciated, and if elected Judge, I promise to be faithful in the discharge of my duties. JNO. L BUCKLEY. [Advertisement]