Article Text
HAS CONFIDENCE IN STATE BANKS From Page One.) from the Federal Bank Charlotte up Branch in currency. It was followed by truck from the Federal Richmond, $1,000,000 rency. was also lion more on the way from New Burlington and Greensboro the North Carolina Bank and Trust was fortified by from vaults closed United Commissioner Hood dered $25,000 Burlington transferred and $100,000 This transfer of funds by the State Bank ng from has charge for normally routine speeded up The positors United Bank are secured against the North Bank put up for the was last night that who had been ill for more week, left his bed and Tuesday night. to his bed here and from Director Miller the Fifth district of the National Although not soliciting business fact pointing out that two per interest, the Post Office continued swell its Savings business yes terday, and local banks was not other cities where failures. Deposits of the United Bank branches totaled $5,660,120 Paul Garrett New president Travis, The talized with $520,325.75 surplus undivided profits. Staples, executive of the United. was closed for "best interest depositors. At Wilson where the Bank failed open Tuesday, the First National and the Wilson and Savings did not open for busi yesterday. Col. Bruton president of both institutions. The First at the time its last $1, 025,000 those the Wilson Trust and Savings, $860,000. Warren eashier the First National and Barnes the Trust and Savings. The Beaufort Banking and Trust bank Beaufort, did not notice signed by President Taylor and Cashier stating was closed due the the public the inability good pay their was possible that the bank would had deposits the time third quarter $317,057. small institution, the Planters' Bank Stantonsburg, reported deposits of was president. One county failed was the Bank of Ahoskie branch deposits of Hoggard, president. The Winton Trust deposits $295,000 which McGlohon dent, closed later in the day run. Bank of Chatham Siler City deposits $280,000 closed. Jenkins was president. The State of had deposit $11,000 the United Bank and Trust Co., of by of deposit of $6,000 the Reidsville the bank, tected by $25,000 State deposit of $1,000 the Beaufort Banking and Trust Co., protected by bonds and deposit of 000 in the First protected by $10,000 in State There were no State deposits in any other banks which closed yes. terday. Taylor, liquidating agent for the State said the affairs of the United Bank and Trust had placed the hands auditors of the and and Bank Darden, Roberts and assistant Carter and Company of Raleigh was placed charge the and Trust Company and auditor, charge the Chatham. Harry Bundy City placed the Bank Ahoskie the Trust Redford Durham, the Bank Stantonsburg and and Company Raleigh the Beaufort Banking Company. Death List Grows. The death toll stood at four today early the death yesterday Miss Irene Durst, Charleston, W. Va.
