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NEW ORLEANS BANK SITUATION QUIETED NEW ORLEANS, Feb. 7.-- (UP)-Announcement during the night by Senator Huey Long that the federal government and other banks had aided the Continental Bank and Trust company which experienced a mild run on Monday quieted the financial situation here today.
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NEW ORLEANS BANK WEATHERS HEAVY RUN New Orleans, Feb. 8, (AP)Fortified by reconstruction finance corporation loans, the Hibernia bank and trust company, one of New Orleans largest banks, and the Continental Bank and Trust company, which were subjected to flurry of withdrawals, had safely weathered the gale today, their officials said. Disappearance of all customers for withdrawal or deposit by 6 o'clock last night led banking circles to conclude that confidence had been restored. Financial leaders pronounced the entire New Orleans banking district in sound condition and in public notices laid the uneasiness among some depositors to "unfortunate public utterances. The Hibernia bank was backed with its $20,000,000 Moan from the reconstruction finance corporation in addition to $4,000,000 cash reserve raised by the bank.
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famous shotgun injunction judge, has been given a great deal of publicity lately for his reputed stand for square dealing in all things concerning men and affairs. Judge Tycer is a prominent member of the New Deal League, of which Judge H. C. Drew of Minden, is the president. Some weeks past the American Progress unearthed the raw deal Judge Drew had pulled off on the New Deal in giving seven salary warrants to the government and then countermanding their payment and drawing the money himself. Since that time nothing further has been heard from the president of the New Deal except that Judge Drew did call a meeting of his association which is said to have been attended by three members, at which the judge abandoned his plan to deliver a speech. Follows Judge Drew Now it seems that Judge Nat B Tycer is the right man to be following with Judge Drew in the new deal. He seems to know something about the bank business himself. The Continental Bank & Trust Company of New Orleans is in liquidation. The Liquidator discovered there several postdated checks given by Judge Tycer to cover his account. These checks are dated May 1, June 1, July August and September 1, 1933. When the time came for the checks to be paid they were deposited and run through the bank on which they were (Continued on Page 2; Col. 2)