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PRIVATE BANK IS CLOSED President Says Action is Best for All Concerned Just Now. BROWNWOOD Texas, Nov. 30.The private banking house of Brooke Smith and Company. capitalized at $300,000 closed its doors Tuesday morning and posted a telegram from Brooke Smith, its president reading: "For the best interests of all concerned we must suspend business."
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PRIVATE BANK CLOSED DOORS AT BROWNWOOD Brownwood, Texas, Nov. 28.Brooke Smith & Co., unincorporated with a capital of $300,000 resources of more than $1,000,000, suspended business today, posting on the doors a telegram from Brooke Smith, president, who is in Fort Worth today, stating that the bank close. It was announced that Mr. Smith on his return tomorrow would give out a statement. The posted statement reads: "For the best interest of all concerned we must suspend business at once." Brooke Smith is one of the oldest bankers of Texas, having established a bank here in 1876. No excitement attended the bank's closing and no fear is felt as to the ultimate satisfactory outcome.
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Private Banking House Which Closed In 1921 To Begin Business Monday.
SAYS ASSETS ARE TWO FOR ONE
Veteran Banker Invites Old Clients to Come Back and Help Him Rebuild.
Special to the Standard. BROWNWOOD, Aug. 17.—Brooke Smith and Company, the large private banking house of this city which closed its doors in the latter part of November, 1921, will reopen for business Monday, Aug. 20, according to an announcement by Brooke Smith Sr., the veteran head of the banking institution.
The officials of the bank will be practically the same as when the bank suspended business. Brooke Smith Sr., Ward McConnell, Brooke