122. Dothan National Bank (Dothan, AL)

View Charter #5909 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
5909
Charter Number
5909
Start Date
January 29, 1930
Location
Dothan, Alabama (31.223, -85.390)

Metadata

Model
gpt-5-mini
Short Digest
53a2d68c

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension, Books examined

Other: Receiver appointed and bank liquidated; dividends paid over time.

Receivership Details

Depositor recovery rate
58.6%
Date receivership started
1930-01-30
Date receivership terminated
1937-11-30
Share of assets assessed as good
45.1%
Share of assets assessed as doubtful
35.2%
Share of assets assessed as worthless
19.7%

Description

The Dothan National experienced heavy withdrawals attributed by its president to idle gossip (rumors). A national bank examiner posted a notice and the bank suspended operations (closed) on Jan. 29-30, 1930. A receiver (Albert L. Lohm) subsequently handled liquidation and dividends were paid; the bank did not resume normal operations and remained in receivership, so this is classified as run → suspension → permanent closure/receivership. OCR errors in source texts corrected for dates and quotes.

Events (6)
1. July 20, 1901 Chartered
Source
historical_nic
2. January 29, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
President J. L. Crawford attributed heavy withdrawals to 'idle gossip' and rumors about the bank's financial status.
Measures
Board suspended operations and a national bank examiner was sent to take charge; funds were reported en route to other local banks to meet withdrawals.
Newspaper Excerpt
Crawford, president ... attributed the closing of the institution to idle gossip concerning its financial status and asserted that the bank [was] solvent
Source
newspapers
3. January 29, 1930 Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors closed the bank and placed it in the hands of the national bank examiner following heavy withdrawals sparked by rumors; notice posted on the door under Comptroller authority.
Newspaper Excerpt
National bank examiner arrived today and took charge affairs of the Dothan National Bank which closed yesterday. He posted the notice on the door of the bank
Source
newspapers
4. January 30, 1930 Receivership
Source
historical_nic
5. February 28, 1930 Receivership
Newspaper Excerpt
Statement given by bank receiver ... Albert L. Lohm, receiver. Collections on notes and other debts owed the bank are being made by ReLohm ... said the bank would be reopened if working capital obtained; asked depositors to file claims with him at the bank.
Source
newspapers
6. May 31, 1930 Other
Newspaper Excerpt
1,137 Bales Sold By Dothan Bank Receiver ... The cotton had been bought by the bank prior to its suspension on Jan. 29.
Source
newspapers

Newspaper Articles (19)
1. January 30, 1930 News-Press Fort Myers, FL
Article from News-Press, January 30, 1930

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TAKEN FAILS; Depository Closed AUGUSTINE, Commercial Bank Augustine, which had been in existence for about years, failed to open doors for business today. notice posted the door and by President Gilbert stated that the bank suspended for the protection of all depositors alike, and has placed itself in the hands the state banking Officials of the other two banking institutions here stated that they adequately prepared meet any withdrawals by depositors. Lamar, president of the St. Augustine National Bank, that his institution had funds hand amounting to approximately and that additional quarter of million dollars here today from Jacksonville to meet any withdrawals. statement for the commercial bank December last, ed capital stock of $30,000; plus and liabilities and SPRINGS, Ala., Coffee Springs National Bank, subsidiary of the Dothan National Bank which failed at Dothan yesterday, failed to for open business today. The bank capitalized at $25,000 and listed surplus and undivided The Coffee Springs bank one of chain several southeast Alabama banks controllby Crawford who served both institutions president. cashier fee Springs bank, ment the cause of closings. Coffee Springs Geneva county. DOTHAN, Byrne, national bank examinarrived today and took charge affairs of the Dothan National Bank which closed yesterday. Crawford, president of the bank atrributed the closing of the institution to "idle gossip" concerning its financial status and asserted that the bank solvent and able to meet its abligations,' Dothan has three banks. other

2. January 30, 1930 The Miami News Miami, FL
Article from The Miami News, January 30, 1930

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FLORIDA MARKETS Mr Mrs. J. H. Moore of arrived for stay at the Floridian hotel. Mr. Mrs. George G. Levitt of Chicago taken suite at the Floridian. Among the other to sell higher Telephone, Public ported of New Gas. GoodRubber. Vanadium Steel. fresh International Howe the Sound. Industrial Alcohol. Fox Film. Surety and Montgomconsignment Foreign exchange opened steady hampers. quoted shade lower at supplies. of buying orders in the stock market overnight. and opening prices today displayed strong undertone. Sears Roebuck showed an initial of 41/2 points the publication house an unusually favorable 1929 earnstandard ings report. Opening gains of point more were recorded by Beatrice Creamery. Johns Manville, Westinghouse Electric, Auto Lite and General American Tank. Union Carbide opened point lower. bushel SECOND ALABAMA yellow BANK IS CLOSED COFFEE Ala., Jan. 30. Coffee Springs National bank. subsidiary of the Dothan Nafair Mr. and Mrs William Siegel of New tional bank. which failed at Dothan York spend the season at the yesterday. failed to open for business Floridian. today. The bank was capitalized are buying $25,000 and listed $11,000 surplus and the Chicago where undivided profits. fresh the "Checkers" Brand" has estabBANK OF FRANCE lished demand the supply the best grade of and LOWERS DISCOUNT While in blasting stumps clear field west of

3. January 30, 1930 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, January 30, 1930

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BANK DEPOSITS IN CITY BANKS ABOVE NORMAL National Bank Examiner Takes Charge of Affairs of Closed Bank This Morning Deposits at Dothan's three remaining banks, were characterized today by officials of the institutions as be. ing somewhat above normal, whil withdrawls were about the same as usual, No fears were expressed regarding the safety of the city's othGnancial institutions, following the closing Wednesday morning of the Dothan National Bank, the oldest banking house in Dothan In statements published yesterday, the opinion was advanced by leading business and financial men of this etion that the closing of the Dothan ntional would work only a temporary hardship upon depositors, and that all of th m would be paid in full. Crawford, president of the bank, in a statement made yesterday, at. tributed the cause of the failure of the bank to "idle gossip among difterent persons" which caused a st any withdrawal of deposits over a period of several weeks. He also said that the bank was solvent. Knowledge that enough money was on hard at the remaining Dothan banks, to take care of heavy withdrawals, together with the statement issued to the effect that business houses de positing at the defunct bank would be taken care of at the other bank had a bolst effect on the more timid who might otherwise have withdrawn their money. A Carge sum of money was known to have arrived over of the A trains Last night. accompanied by armed guards. further assuring the depositors at the other banks that if they wanted their it was available for them. National bank examiner James 1. Bavn today, and immediately took charge of the afairs of the Dothen N tional Bank. He posted the notice on the door of the bank, under the Comp. troiler of the Currency, is in charge J Bryne, national bank examClosed by resolution of the Loard of directors As the examiner in Le very busy for the few days with the work of the the public is respectfully reted to refrain from interrupting the work of those in charge."

4. January 31, 1930 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, January 31, 1930

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ALABAMA CHAIN BANK CLOSES Coffee Springs Institution Subsidiary of One That Failed Coffee Spring. Ala., Jan. 30 (/P)The Coffee Springs National Bank. subsidiary of the Dothan National Bank, which failed at Dothan yesterday, failed to open for business today. The bank was one of a chain of several southeast Alabama banks owned or controlled by J. L. Crawford. of Dothan.

5. January 31, 1930 Geneva County Reaper Geneva, AL
Article from Geneva County Reaper, January 31, 1930

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First New Bank for Samson Bank, Closed Its Doors Wed. Opened Monday at Noon Following closely the failure of the Dothan National Bank on day morning heavy run depositors, the First National Bank of Coffee Springs closed its doors morning shortly after opening for business. It said that the Coffee Springs bank cleared through the Dothan institution and that the latter's failure brought undue pressure on the Coffee Springs bank, thereby forcing them to close. B. Kelly was cashier of the defunct Coffee Springs bank and Crawford president. This makes the fourth bank failure Geneva county in little over months. The Bank of Slocomb closed on November 19, The Farmers Merchants Bank of Samson on December and The First National Bank of Samson on January The Samson Banking Company, State bank, opened its doors at SamMonday at noon, with capital of $25,000 and surplus of $10,000, all paid in. The new bank occupies the building formerly occupied by the defunct Farmers & Merchants Bank, of that city, which closed its doors two months ago. D. Watson, of Hartford, is the president of the new concern, while P. Watson, of Geneva, is vice president, and Henry Crenshaw, of Geneva, is to serve as cashier. Samson has been without bank for the past several weeks, following the failure of the First National Bank on January The Farmers & Merchants Bank was also closed on December first of 1929.

6. February 4, 1930 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, February 4, 1930

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Mrs. George Garrettson Dies At Cleveland Mrs George Garrettson, formerly of died at her home in Cleveland, Ohio, Sunday following brief illness, relatives here were advised the same day Before her marriage 10 years ago while her husband, then an officer with the Ohio troops who were in training at Camp was with his here, Mrs. Garrettson was Miss Alice Griggs. Her husband, one son. George GarrettJr., and daughter, survive, also her mother, Mrs. Charles G. AberMontgomery; one brother, Wilmer Griggs, of Atlanta, and stepbrother, Charles G. Abercrombie, Montgomery. Her mother had been in Cleveland for several months and was at her daughter's bedside. The funeral and burial place at Cleveland yesterday. Pinckard, suspended yesterday and surrendered their affairs to the State Banking Department, it was announced State Superintendent Banks D. Green. Mr. Green has hopes that the former bank may be reorganized. Making public the action of the directors of the Clio Banking Company turning over the institution to the department, Mr. Green said that the trouble was occasioned by steady and accelerating withdrawal of deposits, aprun, the Dothan Naproaching tional Bank suspended last week. The bank entirely solvent, he stated, have that we will be able to we hopes effect A. Arnold is president, and B. Jackson is cashier of the bank, which is capitalized at $50,000, with undivided profits. As to the Peoples Bank of Pinckard, the head of the Banking Department said the Dothan National Bank, now closed, its bank, and that after the bank at Dothan the Peoples at Pinckard could not con. tinue do The of this bank is M. M. Pippin. C. Pippin is cashier. It has capital of $40,000 with $4,000 surplus. HUGE HOTEL SOLD FORT LAUDERDALE, Feb. Hollywood Beach Hotel property was sold today to the Mercantile Investment and Holding Company for $536,000 at special master's sale here. The sale was ordered to satisfy mortgage held against the property by the Investment Company. The hotel, with 750 rooms, was constructed in 1925 and 1926 by Joseph W. Young, and developer of Hollywood at cost of $2,500,000.

7. February 13, 1930 The Union-Banner Clanton, AL
Article from The Union-Banner, February 13, 1930

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STATE NEWS PARAGRAPHED A Resume of the More Important Events of Interest Condensed To An Epitomized Form The Samson Banking Company, Samson's new state bank, has opened its doors. Fayette's 12-room newly equipped brick grammar school building was destroyed by fire. Only 6 per cent of the children of Lafayette schools have both sound and clean teeth, the annual dental survey reveals. The Harmon Scout Scholarship awards for 1929 include Lloyd Mitchell, Florence, according to news from Washington. Passenger and express airplane service will be inaugurated between Atlanta and Birmingham February 15 by the Davis Airlines. A faculty chorus has been organized at Alabama College to be under direction of Miss Katherine Farrah, of the voice department. The Birmingham Press Club, composed of members of the three daily newspapers in Birmingham, was or ganized at a meeting held at the Bankhead Hotel. The Alabama Power Company has begun construction of a 44,000 volt line from Gadsden to Collinsville, where it will tie in with the Fort Payne system. Poultry work at the Alabama Polytecnic Institute, Auburn, is being further expanded to meet demands made by one of the state's most rapidly growing industries. Trial of Jimmie Davis, gambler, on charges of murder in connection with the slaying, Dec. 5 of A. M. Searcy, has been set for March 24 in Jefferson County Criminal Court. Gov. Graves has announced the appointment of J. B. Barnett, Monroeville, Ala., banker, to succeed Sam C. King, of Ensley, who resigned as a member of the state banking board. Gov. Roland H. Hartley, Washington, has honored extradition papers presented by Alabama authorities for the return to this state of Leeman H. Grif fifth, wanted on charges of murder. The Dothan National Bank failed to open for business. A sign placed om the doors said the action was taken by the board of directors pending the arrival of a national bank examiner. W. M. Wyatt of The Union-Banner is in Birmingham this week taking treatment for a stomach ailment from Dr. McLester. Late word from him says that he is doing fine and is feeling better every day.

8. March 1, 1930 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, March 1, 1930

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STATEMENT GIVEN BY BANK RECEIVER Committee Keeps Busy On Plans For Reorganization Of Dothan National DOTHAN, ALA., Feb. 28 .-(Special) -Dothan National Bank depositors will be paid 100 per cent on their deposits, provided the entire assets of the bank are liquidated and provided the notes and real estate, now held by the institution, bring par values, according to statement issued by Albert L. Lohm, receiver. Collections on notes and other debts owed the bank are being made by ReLohm, it is said. The reorganization committee said they were still making every effort to obtain working capital and that provided this was done before final collections notes and other debts are started the bank would be reopened. Receiver Lohm, however, issued statement asking all depositors and those wishing to enter claims against the bank, which closed its doors due to frozen assets, to file those claims within the next three months with him at the bank. The claims are to be handled free of charge provided those having them call at the bank.

9. March 15, 1930 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, March 15, 1930

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Batchelor's Buttons (Grown by W. C. Batchelor) Inspiration ever comes a ead come trouble on to get up early and go to 1. the sublimest word in have to exclude diseaso that can be cur careful selection of one's f thing: More of the county board of revenue in their day had almost large following of bunk swallow politicians now have. church has failed it's because has tried to be nearly everything The the world hurch Idn't be. Ben D than has recently had two great calamities both of them being the faillong are to reopen the Dothan National And and The fi herman who says if the acting at which The tivities the fish hog are not curcon-tantly shooting tailed there will be no fish, is one The 21 totruthful rman that he will have it running in about nt The Engl invited TRUE large numb Alabama The Luverne Journal There will never be any farm relief, help celebrate the occasion until the farmer mak up his mind to Ben it. The produce is not th well known and justly going to buy farm products. either Queen City of the Wiregrass, corn, cotton any other farm and when The product Neither will congress moves th event will slate against the gambling stock marnot be implete without them THE AMPAIGN OF MR. THOMPSON In date for United Stat Senator Honorabl Fr derick 1. Th mpson jus. tified by stating that did believe Mr Bankhead should receive th D nominati in by fault And apparently t1 Editor of Mr Thompson'. Alabama Journal has assigned the task of preparing the minds the pie for the Thompson campaign. Mr. Stanley bas the he b. the faults Mr. Bank rather than ans merits of Mr Strange times in Alabama when any openly bids for right repres its people. his claim upon the faults of opp rather than his own mer its

10. March 15, 1930 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, March 15, 1930

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Bank Receiver Should Be Local Man, Judge J.J. Speight Believes Judge J. J. Speight. candidate for today furthered his attacks on the national banking laws, which according the would-be congressman should be change pract evgiven The Eagle today by Judge Speight follows: should also be reform the method of liquidating National banks. If the assets of closed bank sufficient to justify it, be lieve is true of the Dothan National Bank and probably of other banks then the bank shoul not be closer up tight and treated as di nd or moribund institution and the progress and welfare the entire community stag nated. but the affairs of the bank should be place in the of competent business man, with full operation and assistance of the Fed ral Reserve Bank believe the Fed. eral Reserve Bank should in prop cases, make some reasonable advances, especially to farmers, to enable them to make crop. The liquidating

11. May 31, 1930 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, May 31, 1930

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1,137 Bales Sold By Dothan Bank Receiver Albert H. Lohm, receiver for the Dothan National Bank. sold 1,137 bales of cotton at the market price yesterday to Well Brothers of and to Marvin Carter of Troy for an approximate amount of $85,000. The cotton had been bought by the bank institution prior its on Jan. 29. The cotton was stored in various Dothan warehouses. Well Brothers are said to have bought 676 bales of the cotton and Carter the remainder. "Ancient and Modern Neoromancy, alias Mesmerism and Reading room located at 802 First National Bank Building, and except Sundays and holidays, from 10 a.m. p.m. Wednesday, Testimonial meetings p.m. CENTRAL South Perry and High Streets. Dr. Victor M. Hovis. pastor Bible School, 9:30 a.m. Classes for all ages. Communion and serat 11 a.m. p.m., world-wide program of Christian over Columbia Chain, by Dr. George W. Knepper, of Akron, Ohio. Christian Endeavor at 7 p.m. Special program at this hour. consisting of play and other special features, which be given by the Conference Club of this church. Worship at p.m. The pastor will speak in the morning on: "The Meaning of Church Membership. In the evening on: "The Personal Pentecost.' CHURCH OF THE ASCENSION-Corner McDonough and Clanton Streets. The Rev. Peerce N. MacDonald, rector Holy at 7:30 a.m. Church School at 9:45 a.m. Morning prayer and address 11 a.m. Young People's Service League, 7 p.m. ST. JOHN'S EPISCOPAL-Corner of North Perry Street and Madison Avenue. The Rev Richard Wilkinson. D. D., rector. Holy Communion, 7:30 a.m. Church School, 9:30 a.m.. John Gibbs school superintendent. Women's Bible Class, 9:30 a.m. Mrs. F. M. Thigpen, teacher Young Men's Bible Class, 9:30 a.m., Judge Walter B. Jones, teacher. Holy service without sermon, a.m. Young People's Service League, 6:30 p.m., Miss Margaret McFall, presiFIRST PRESBYTERIAN-Adams Avenue. The Rev. Donald C. MacGuire, minister Sunday School and Bible classes, 9:30 a.m., Dr. Parkinson. superintendent Men's Bible Class, 9:30 a.m., Dr. F. Harman, teacher. Worship, 11 Subject, "Beyond the HoriNo evening service. Intermediate Christian Endeavor, p.m. Young People's Christian Midweek prayer meeting and Bible study, Wednesday, p.m.

12. June 6, 1930 Geneva County Reaper Geneva, AL
Article from Geneva County Reaper, June 6, 1930

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Defunct Dothan National School Faculty Announced To Dividend For The 1930-31 Term Pay 30% Dothan, Ala., May all persons whose debts claims have been allowed, will receive 30 per cent dividend from the defunct Dothan National Bank, which closed its doors January 29 due to frozen assets, according to Albert L. Lohm, receiver. The total amount to be paid out by the received to depositors and other creditors on Saturday is said to be $210,404.07. Paying of the claims is expected to begin m. and continue throughout the day. It was stated that only those claims accepted and approved before May 15 would be paid as making preparations to pay the dividend has taken considerable time, rendering it impossible to pay the accounts up to date. Claims filed to date total $701,362.12. Approximately 1,000 persons are said to have made claims that will cause them to be benefited by the first dividend to be paid since the bank went into the hands of the receivers. Claims from one to 1,696 inclusive, have been approved for the initial dividend, Mr. Lohm said. The receiver that a reserve fund was being held so to pay the first dividend on all other claims as they are filed and allowed. This, he stated, would aid materially in the quick liquidation of the assets and the clearing up of the bank's business. It is said that the bank is collecting debts much faster than was at first thought possible and that dividends will be paid every four months until all the assets have been liquidated. Following list of the teachfor the Geneva City School given to Reaper representative the first of this week by Prof. H. Johnson: Superintendent-J. H. Johnson. B. Hitchcock. Mrs. Berta Brabham. Miss Gladys Martin. Miss Dixie Stewart. Mrs. Leila Adair. Mrs. Annie Noblin. Miss Virginia Lee. GRAMMAR SCHOOL Miss Lillie Tiller, Principal. Miss Mary Dell Ard. Miss Adrin Morris. Mrs. Mary Frances Holland. Miss Mary Frances Clark. Miss Lucille Vaughan. Miss Mary Leigh Vaughan. Mrs. Ida Matthews. Miss Elizabeth Carroll. Miss Annie D. Davis. Miss Marie Chapman. Mrs. R. L. Martin, Music. Baptist W. M. S. The regular monthly meeting of the Baptist W. M. was held at the church on Tuesday afternoon with twenty-two members present. The program was rendered by Circle No. with the chairman, Mrs. Wm. Holloway, as leader. Mrs. Wilkinson conducted the Scripture study. "How Help the Negro," was the theme for the missionary lesson and those contributing to the program were Mrs. M. Strickland, Mrs. Phillips, Mrs. M. Gilchrist, Mrs. T. B. Faulk and Mrs. J. Bush. short business session followed the program and at this time the society decided to pay for the care of the church grounds which will include mowing the lawn, cultivating and watering the shrubbery. Eacr circle will contribute month for this pense.

13. January 15, 1931 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, January 15, 1931

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BANK RECEIVER GIVES REPORT; ASSETS $1,000,000 Still Good Chance for Depositors of Dothan National Get 100 Per Cents; Suits Being Instituted ASSETS TOTAL TWICE AS MUCH AS DO LIABILITIES Only Half of Stock Assessments Cash Collected; Now On Hand still remains good chance There for all depositors of the discontinued Dothan National bank to 100 cent their per upon to statement posits, according Receiver Albert given out today by Lohm. The statement was and showed the bank December 31, in assets have claims of $883,504.24 against debts. All Federal Reserve bank debts dissolved by Mr. Lohm been the debts owed by and only receiver are those to depositors. the Several months ago dividends on deposits were paid, which totaled and the statement day showed that there at presin cash, which will be in the next dividend. paid out said federal banking Mr. Lahm prohibited his making regulations any statement for publication, other than to give the condition of the institution's proceedings from time been rumored for time. has several weeks that the bank would dividend but another pay understood that considerable must be collected bemore money be declared. The payfore one can ment of the next money to deposientirely upon how fast depends debts paid the receiver. than half of the assessments Less been the stockholders have Of the par assessreport shows. totaled $400,000, there ment, which $276,908.37 uncollected. been started for colSuits have lection of the stock debts that have well for certain according to not been paid as yet, Assessment Federal court taken against Dr. judgments were and Mrs. W. R. Stevens the last session of Flowers States court here and judgUnited taken on note ment also Graves Knowles. against Lohm successful If Receiver all of the bank's collection of would be paid assets all depositors returned to in full and some money stockholders. Some persons the all will be colbelieve that assets others that lected while to collect all money impossibility discontinued institution. owed the claims the Countng depositors' there than only liability as the bank twice as much assets has liabilities. that with the believed of to this turn prosperity to be which appears should be able to easily the bank its assets and pay liquidate to certain perpositors, according informed to banking sons, well conditions. statement folReceiver Lohm's lows: Assets date of uary 1930: Bills receivable 21,278.00 Cash on hand other than the Items 253,635.01 foregoing Total assets at $1,739,326.81 sion Assets acquired since 5,211.63 suspension 400,000.00 Stock assessment Total all assets cominto the hands ing of the Receiver Remaining assets uncollected: Bills receivable 170,383.90 Other assets Additional assets ac358.33 quired 276,908.37 Stock assessment

14. March 21, 1931 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, March 21, 1931

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SUIT AGAINST DEFUNCT FEDERAL COURT Kennamer Will Federal Judge Pass On Injunction Sought By Receiver Of Dothan National Bank TRYING COLLECT COUNTY PREFERRED DEPOSITOR AS Suit Twice Brought In Circuit Court, Once Withdrawn, Receiver Is Aggressor By PETE MAHAN has been entered which court and withtwice in Circuit drawn once and which the defendto have tried in ant now seeking Federal court, will be passed upon Judge C. Kennamer by Federal here Monday, was learned today. The suit one filed by Attorney Lewis for the county against the National Bank, which susDothan pended operations over year ago. Attorneys for Albert Lohm, the bank, have been of cessful In getting temporary junction, prohibiting the case from in this Circuit court being and Judge Kennamer will pass whether not the the question of or should in Circuit court case remain removed to Federal court. Judge Lewis filed the suit soon bank's and after after the elected the Board he had been by of Revenue special attorney claimed in the the bank case. that the county is original papers due to the fact preferred signed by several that the bank directors. given curity for the deposit to the counat the of the The deposit closing of the bank was The suit was withdrawn when It learned that the bank was Ber per cent ing pay It understood all that this was done to allow the county to realize $20,075.11 mediately. of after the question of "preferred was settled the positor" Although Judge Lewis had with his suit and the bank drawn the dividend to he had sued for the fact that he was paid 10 per cent deposit by the Board the total His in the case to Revenue fee taled according to records Probate Judge Martin's on file in office On December 30. 1930. the was again started in Circuit court. action was met by move This from attorneys for the receiver, to place the suit In Federal court. Circuit Court Judge Pearce refused to let the case be moved and then Mr. from his Lohm's attorneys filed transcript Federal Judge Grubb. This with before the appointment of was Kennamer Proceedings were not halted in Circuit court at this time and an appeal was made for temporary injunction against the proceedings the Circuit court, according to Mr. Lohm's lawyers. Judge Grubb granted the Injunction Judge Lewis in the original suit asked that all real estate holdings the defunct bank sold, so the deposit could be paid in county's The law firm of Lee and Tompkins is retained by the county but the Board of Reveattorneys. decided on Judge Lewis due his numerous connections with such Judge Martin told The Eagle months The Board several ago. to pass on Judge Lewis, was the which left office on January 13, however, some of the members remain on the new board Robert Parker, general counfor the Atlanta Federal Reserve bank, and M. Espy and Merrill of Dothan, represent Mr. Lohm Probate Judge Martin refused be quited on the case when called The Eagle today and advised by that the paper get in touch with the county's attorney in the case. Judge Lewis was reported to of the city today. and his advised The Eagle that retary could not give any facts about

15. April 21, 1931 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, April 21, 1931

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BANK RECEIVER MAKES REPORT OF CONDITION (Continued from Page One) Total all assets received "by Receiver to date $2,149,095.94 Remaining assets uncollected: Bills receivable 968,298.04 Other assets 170,193.27 Additional assets ac3,863.33 Stock assessment 276,758.37 Total uncollected assets $1,419,113.01 Liabilities: Total claims proven 884,232.30 Total claims unproven.. 16,428.82 General Information: Dividends to date, 30 cent $264,790.18 per Re-discounts paid in full, with interest 306,965.29 Cash on hand 66,132.44 Liabilities eliminated by offset assets 72,685.86 ALBERT L. LOHM, Receiver. The Dothan National Bank, Insolvent, Dothan, Alabama.

16. October 15, 1931 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, October 15, 1931

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GIVEN STATEMENT LOCAL CLOSED CONDITION BANK'S Cash On Hand, Dothan National Bank ReAnnounced Today ceiver assets of the Uncollected bank, which than National 1930, totalled closed in January. and cash on hand totalled $11,750.70. at the close of 30, according business September to statement issued today by Albert Lohm, receiver. Two dividends, totalling 40 per have been cent of deposits, paid to depositors since the closing of the financial institution. The divdiend totals $333,cent per 769.48 Re-discounts paid in full with interest total $306,965.29 and all asthe receiver to sets received by date total according to the statement of Mr. Lohm. Total suspension of the assets at the bank were $1,739,326.81 Following is the detailed statement on the condition of the insolvent bank Issued by Mr. Lohm: Assets at ceivable, $1,464,413.80; cash on hand, $21,278.00; Items other than the foregoing. $253,635.01; total asat suspension, $1,739,326.81; sets $11.additional assets 842.55; stock assessment, 100 per cent, $400,000; total, all assets, celved by receiver to date, $2,151,169.36. Remaining Assets UncollectedBills receivable, $925,571.21; other assets, additional assets stock assessacquired. ment, $270,688.83; total, uncollected assets $1,369,759.15 claims proven, $888,283.52; total claims General paid to date, 40 per cent, 48; Re-discounts paid in full. with interest, $306,965.29; cash on hand, liabilities eliminated by offset assets, $72,282.61

17. March 22, 1932 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, March 22, 1932

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Men Free Three In Second Hearing Trials for Present Court Term Loan Until Next Session After Continued of Second Case Ending loan trials next term of feduntil the the acquittal court following Crawford, WilLillian Jeffries and Spurgeon with conspiracy to charged Jones, loan of the seed violate defraud the to trials were continloan of the death last account Lynch. the mother government seed Washington, who was Dothe trials. Mr. testify the to testify Lynch the seed records on government which irregularities charged. of court this mornthe opening Barger. special general, announced attorney received telegram the death of his mother of that the other seed requested continued until the be court. The seed loan already had been administrator permission to return to was explained at of the Crawford. resumption Jones trial this morning, Judge Kennamer ordered the remaining seed loan cases contin- CLOSES CASE After the government closed its against Crawford, Jeffries and on the seed loan conspiracy fraud charge, motions for directed verdicts acquittal were filed counsel for each of the three fendants. Kennamer said the governhad failed to connect Crawford sufficiently with the deals under question hold him for action the jury. Mr. Barger said he believed the connection of Mr. Crawford with the seed loan charge had been established through the testimony of Albert Lohm. ceiver for the closed Dothan National bank, which Crawford merly was president. Judge Kenruled against the torney, however, whereupon the latter announced he would take nolle-pros for other two defendin the indictment. Upon motion of Mike Sollie. Ozark, counsel for Jones, the court allowed verdicts of acquittal drawn up of the three defendants and the signed by foreman of the jury. Members of the jury were: Claude Troy, farmer; Lucius Red Level. Walters, farmer; B. Williams, Loachafarmer; Marvin H. Brackens, Enterprise Luther ClanAndalusia: farmer; Edgar Langford, Greenfarmer; Charlie D. Walker, Enterprise, farmer; Harris Baxter, merchant; Charlie Weldon. Dadeville; Rawls, Enterprise, hotel and warehouse proprietor; Hatcher, Geneva. APRIL DATE The term of federal court Dothan will held probably be April. This will be the regular the present one being session called for the seed loan trials. After the abrupt ending of the loan trial today, hearing testimony prohibition cases docket was started before Judge Kennamer. Henry Hogan. Houston Negro, county farmer, the first witwas called by the government second seed loan trial yesterday afternoon. Hogan testified he know who filled out the applifor seed loan in but 1929, he signed the application. Jones sent for him and he could obtain the seed signed the application Holton said he bought home from Jones in 1925 not completed paying for special the Department Justice, last witness called by the before recess was the trial yesterday Mr. told with Jones rethe Hogan Jones seed loan. there some misstatethe Hogan application, testified. An Winstead Jones signed, evidence against

18. March 22, 1932 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, March 22, 1932

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the of defense counsel. protest RECEIVER Dothan National Bank Lohm, receiver. was another government witness who testified yesterday afternoon. The bank receiver produced records by which government attorneys sought to connect Crawford with the alleged conspirconnection with acy defraud seed loan deals. Jeffries, who was freed today. tax collector of Housformerly was and Jones, likewise acton Houston county plantquitted, still faces several other Jeffries in connection with indictments seed loan deals. LEGAL BATTLE The greatest array of legal talent assembled Dothan took ever the seed loan trials, which part in March 14. Besides As. started sistant Attorney General Barger, the was assisted by government Chilton, district Arthur Middleton. of the torney, of Agriculture. and Louis partment DeNette, the Jacksonville, Justice office, who Departemnt Dothan since the seed has been were started loan investigations fall. the attornAmong for the defendants were: Blbb former governor; Mike Sollie Mike Sollie, of Ozark; Byrd Farmer. Dothan. state Hubert Farmer, Street, of Birmingsenator; national commitham, Republican of Dothan; Osteeman; Lee, Geneva; Lewcar of Dothan city attorney. John Anderson Chief Justice Bricken, who and Judge Charles Alabama Court over the presides the charwere among Appeals, who testified acter the trials,

19. August 26, 1932 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, August 26, 1932

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FOR 60 National Receiver Told Every By Comptroller of Currency Not To Foreclose In That Time LIKE ACTION IN STATES OFFICIALS ASKED Loan Board Chairman Home Says Respite Will Means of Encouragement Aug. Fort of the Home Loan Chairman announced today ComptrolPole had orof the Currency national receiver dered every suspend foreclosure proceedings days. 'We are wiring every state supervising authority requesting like Chairman Fort said. tion,' see not only the want your help generally grant respite, receivers but that other lenders do likewise. would be shameful with relief for the courage and sight soon and women to be hope of our by taking away their extinguished homes and life John Vann, receiver the Houston National bank. and the Dothan Murray, receiver for said this afternoon National bank, they had not received instructions comptroller of the curfrom the suspend foreclosure prorency ceedings days, but said if the doubt would get port true they the instructions immediately. Orders from the comptroller for the holiday on foreclosures be sent to the receivers by would with more detailed infortelegraph, mation in circular letters later. Both the National bank receivers in Dothan. when told by reporter The Eagle of the news dispatch from Washington, said that the first they had heard of the suspension of foreclosure proceedings, but said they had no reason to doubt the source of Aug. President Hoover proposed spetion's business chieftains today he was convinced the nation had weathered its major cessfully nancial crisis' and asked that they assume the initiative in the responto restore labor and agrisibility culture to higher levels. President Hoover prroposed speeifically that credit be extended vital points and arrangements made by employer and employe for shorthours and wider distribution jobs. We convinced have overcome the major financial crisis and that with relaxation, confidence in the world,' hope have reappeared the president. What wish said the banking industry and for business generally cooperate and organize and develop every possible avenue for coordinated effort on the economic