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Fifth Alabama Bank Fails In Fortnight Leeds. Ala., July Leeds state bank failed open doors today. Officials announced that the affairs of the institution had been placed the hands state banking department heavy run deposits Saturday. The Leeds bank fifth close the Birmingham district within past two weeks. Lindon president of the institution which capitalized and had of surplus similar amount.
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Fifth Alabama Bank Closes After Run LEEDS, Ala., July Leeds State bank failed to open doors today. Officials announced the institution had been placed the hands of the state banking partment, following heavy run. The Leeds bank was the fifth close the Birmingham district within the past two weeks.
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Leeds State Bank in Alabama Closed LEEDS. La., July The Leeds State Bank failed to open its doors today. announced that affairs of the institution had been placed in the hands of the State Banking Department a heavy run on Bank the fifth to close the last two weeks. B. Lindon is president the institution which talized at $25,000 and had surplus of similar amount
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Leeds, Ala. Bank Fails To Open After Heavy Run ters and lost Leeds, July get the most and best quality Leeds State bank failed to open hardoors today. Officials vesting done about affairs the institution had half the pods are black the first in of the State growth allowed to seed, the Panking department after heavy stalks will be very tall and coarse run on deposits Saturday. and hard to handle. When the field The Leeds bank was the fifth to has been grazed the last close the Birmingham district June taken, the last two weeks. Lindon the growth less coarse president of the which had the $25,000 Laying hens need during surplus similar amount.
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Fifth Alabama Bank Fails to Open Doors Leeds, Ala., July 8 (AP)-The Leeds State bank failed to open its doors today. Officials announced that the affairs of the institution had been placed in the hands of the state banking department after a heavy run on its deposits Saturday. The Leeds bank was the fifth to close in the Birmingham district in the last two weeks. B. C. Lindon is president of the institution which was capitalized at $25,000 and had a surplus of similar amount.
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STATE BANK IN STATE OF ALABAMA CLOSES DOORS Leeds, Ala., July Leeds State failed to open its doors today. Officials the affairs the had been placed in the hands of the state heavy run The Leeds bank was the fifth to close in the within the. past two weeks. B. Lindon president the which capitalized $25,000 and had surplus of similar amount.
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FIFTH BANK CLOSES DOORS LEEDS, Ala., July Leeds State Bank failed to open today. Officials that the affairs the institution had both placed in the hands of the State Bank. Department following heavy run Saturday. The Leeds bank was the fifth close in the Birmingham district the past weeks. B. Lindon president of the Institotion, which capitalized $25,000 and had surplus of similar amount.
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LEEDS STATE BANK DOESN'T OPEN TODAY 5th in Birmingham Area to Close in Two Months LEEDS, Ala, July (A. P.)-The State Bank failed to open its doors today. Officials that the affairs the institution had been in the of the State Bankafter a heavy run on its Saturday. The deposits Leeds Bank was the fifth to close in the District the last two weeks. B. C. Lindon is pres. ident of institution.
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LEEDS STATE BANK HAS FAILED TO OPEN DOORS Ala. Today The Leeds State Bank failed to open its doors today, officials announced that the affairs of the institution had been placed in the hands of the state banking department following heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks Lindon is president of the institution which was captialized at and had a surplus of similar amount
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DEFUNCT BANK HEAD MISSING Search in River for Body -Drowning ReportedUse Grappling Hooks. BIRMINGHAM, Ala., July 8. (P)While search continued for the body of Dr W. Bell, president of the closed Woodlawn Savings who was reported to have Saturday bank officials and city today against further closure suburban banks and to restore shaken Citizens were called upon by banking leaders, the president of the city commission and in newspaper editorials to "quit worrying about the banks and stop hysteria that has the city since the closing of four suburban banks Bank Goes Under. LEEDS, Ala., July (AP)-The Leeds State bank failed to open its doors today. Officials announced that the affairs of the institution had been placed in the of the state banking department, heavy run on Saturday. The Leeds bank was the fifth to in the within the past two weeks. Lindon president of institution which was capitalized at $25,000 and had surplus of similar amount.
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DILLARD URGES FAITH IN BIRMINGHAM BANKS Southside Baptist Church Pastor Praises News-Age-Herald Constructive Stand Speaking from his pulpit at a.m. Sunday on "What to Do in Time of Dr. James E. Dillard, pastor of the Southside Baptist Church. cautioned the greatest care on the part of Birmingham people in accepting as true many being made at the present time in connection with the closing of the Avondale and other banks of the "I have the utmost confidence in the soundness generally speaking of the financial institutions of Bir. mingham: and also in the integrity of our bankers," Dr. Dillard said. greatly appreciate the stand The Birmingham News and Age Heraid have connection with present financial conditions. The publicity given by those papers meets approval that it has been constructive and not destructive. "We are so constituted that in order to bring grave financial trouble upon us. bordering ruin, that all that has to happen is report to gain currency is rong nancialy When of sensational character is spread about then appetite for exaggeration and calumny must be satisfied. individuals become determined to they keep their plane the air others follow. until in the end a peruntil 4:30:29 p.m. Tuesday, they fectly good bank may ruined. My have shattered the mark set at belief strong in the ultimate triCleveland by Roy Mitchell and umph of our good and comByron K. Newcomb last week. munity interest. But if becomes the The pilots originally set out betrule of 'every fellow for himself and ter the record of 172 hours 32 minthe evil one take the hindermost,' utes second, set by Reginald Robthe bad man will not only get the bins and James Kelly at Forth hindermost but great many others. Worth. which had stood until the The judicial mind must completion of the Cleveland flight. in we conContinued on Page Third Column serve our The Psalmist admonished us to call upon DEPOSITORS SAFE the Lord in time of trouble will never find any better advice from any source. There is certainly IN LEEDS CLOSING nothing gain by suspicion, doubt and fear calm preparedness and Institution Solvent And Likely confidence any our best protection. Let us not lose Reopen, State Official Says our heads in an orgy of fear and selfishness. and our rewards are sure LEEDS. Ala., July 8-It is highly for the future.' probable that the Leeds State Bank, which closed Saturday afternoon will reopened and even if liquidated, depositors will full. in the opinion of R. L. Faucett, state liquidating The bank suffered heavy run Saturday morning and its directors decided to close, turning the instituover B. Howle, state bank Mr. Faucett said that in his opinion the bank is solvent and that the closing was an emergency in the face of the run. B. Lindon is president of the bank which has capital of $25,000 and an equal surplus.
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Another Alabama Bank Is Closed Ala., July Leeds State bank failed to open its doors today. Officials announced the affairs of the institution had been placed in the hands of the state banking department following heavy run Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks. Lindon president of the institution. which was capitalized at $25 000 and had surplus of a similar amount. Seek Bell's Body BIRMINGHAM July While search for the body of Dr Bell. president of the closed Woodlawn Savings bank. was reported have been drowned Saturday morning. state bank officials and city leaders moved today to guard against further closure of suburban banks and to ore shaken confidence Citizens were called upon banking leaders. the president the city commission and in newspaper editorials to "quit worrying about the banks and to stop wave of hysteria that has the city since the closing of four suburban banks. Residents of near Vincent Ala. where Dr. Bell was reported to have been drowned. dragged the Coosa river through night but found no trace of the body The report of the said Dr. Bell apwas with cramps and carried down by the swift curB. Lassiter president of the City Bank Trust Co., and the Avondale Savings & Trust Co., continued ill in New York hospital where has been since he collapsed when his two banks were closed. John R. Wallace cashier of the Avondale bank died the day before that bank closed from pistol wound said to have been accidental Coroner D. Rassum returned verdict of accidental death.
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Leeds, Ala., Bank Fails to Open; Fifth to Close LEEDS. Ala., July Leeds State bank failed to open its dcors today. Officials announced that the affairs of the institution had been placed the hands the state banking department. following heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district within the past weeks. Lindon president of the institution, which was capitalized $25.000, and had surplus of similar amount.
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from north south. BIRMINGHAM FAILS Leeds, Ala., July The Leeds State bank failed its doors today. Officials open announced the affairs of the stitution had been placed in the hands of the state banking department following heavy run Saturday. The Leeds bank ham district within the past weeks. Lindon president of the institution which was capitalized at $25,000 and had surplus of similar amount.
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FIFTH BANK CLOSES. Leeds State bank failed to open its today. Officials announced that the affairs of the institution had bene placed in the hands of the state banking department following heavy on its deposits Saturday. The Leeds bank the fifth close in the Birmingham district within the two weeks. B. Lindon of the institution, was at $25,000 and had a surplus of similar amount.
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Fifth Alabama Bank Fails to Open Doors Leeds. Ala., July Leeds State failed to open its doors today. Officials announced that the affairs institution been placed the hands the state banking department after heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district in the last two Lindon president the which $25,000 and had surplus similar amount
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LEEDS, July Leeds State Bank failed open its today. Officials nounced that affairs the institution had been placed the hands of the State Banking. Department, following heavy Saturday. The Leeds bank the fifth close Birmingham district within the past weeks. Lindon president of the institution which capitalized $25,000 and had surplus of similar amount. Aala., July search continued body Dr. Bell, president the closed Woodlawn Savings Bank, who reported have been drowned Saturday morning, state bank officials and city leadmoved today guard against further closure banks restore shaken confidence. Citizens were called upon banking leaders, the president the city commission and newspaper editorials "quit about the banks to stop that ened since the closing of four suburban banks."
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LEEDS, ALA., BANK SHUT Fifth Closed in Two Weeks In Bir mingham District, Leeds, Ala., July 8 (P).-The Leeds State bank failed to open its doors today. Officials announced the affairs of the institution had been placed in the hands of the state banking department. follow ing a heavy run Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks B. C. Lindo: is president of the institution which was capitalized at 25 thou sand dollars and had a surplus 0 a similar amount.
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ALABAMA BANK FAWS DOWN AND July The Leeds State Bank failed to its doors today. Officials announced that the affairs of the institution State Banking Department following heavy run on its deposits Saturday The Leeds bank was the fifth in the Birmingham district within the past two weeks. B. Lindon president of the institution which capitalized at $2500.0 and had surplus of similar amount.
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Birmingham District is Hit as Fifth Bank Ends BIRMINGHAM, Ala., July banking situation in the Birmingham district was under a three-way investigation by state and county officials today as the fifth bank within the past two weeks failed to its open doors. The Leeds State Bank did not open for business today and its affairs were placed in the hands of the state banking department following heavy run Saturday. The bank was capitalized $25,000 and had surplus of $25,000. Judge C. E. Thomas, state superintendent of banks, who rived yesterday to supervise the investigation of the banking department, stated that runs which caused two banks Saturday were precipitated closing two other banks
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FIFTH BANK CLOSES DOORS Birmingham District Institutions Hard Hit Past Two Weeks 1 LEEDS, Ala., July 9.-(P)-The Leeds State Bank failed to open its doors today, Officials announced the affairs of the institution had been placed in the hands of state Sanking department following a heavy run on Saturday. The Leeds bank was the fifth to close in the Birmingham district within the past two weeks. The institution was capitalized at $25,000. BIRMINGHAM, Ala., July 8.-(P) -While search continued for the body of Dr. A. W. Bell, president of the closed Woodlawn Savings Bank, reported to have been drowned Saturday, state bank officials and city leaders moved today to guard against further closure of suburban banks and to restore confidence. Citizens were called upon by banking leaders, the president of the city commission and in newspaper editorials to "quit worrying about the banks and to stop a wave of hysteria that has threatened the city since the closing of four suburban banks." Residents of-near Vincent, Ala., where Dr. Bell was reported to have been drowned, dragged the Coosa river but found no trace of the body. J. B. Lassiter, president of the City Bank and Trust company and the Avondale Savings and Trust company, continued ill in a New York hospital where he has been since he collapsed when his two banks were closed. John R. Wallace, cashier of the Avondale bank, died the day before that bank closed from a pistol wound said to have been accidental.
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(Continued From Page One) did not know what Judge Wilkinson's connection with the investigation Judge Thomas stated, the attorney genthat Judge Wilkinson is not gal said, employed by the State Banking Departcapacity, but that he was in any considering appointing Judge Wilkinson liquidating Capt. William C. Oates, secretary aminer of the Alabama Securities Commission began yesterday the in investigation of the closing of the part Avondale Bank and Savings Company and the City Bank and Trust Company In this work being aided by O. H Moses, certified public of Birmingham. Jefferson County Grand Jury will delve NOTICE TO CONTRACTORS State Project County bids will by the of the August 1929 that time pubopened for approximateMonroeville work are approx follows: and Cu. Class class pounds of way Cable are file the State Alabama. Highway Any Depart ment may be secured from the to reject any or all bids The right Certified check for one thousand the Dollars each bid evidence good faith and as awarded bidder will the contract and give bond as WOOLSEY Highway Director. July 1929 NOTICE CONTRACTORS Project 409 Randolph County State Sealed bids will be by the State Alabama the office of the State Department. until 10 e'clock m. 1929 and that time August between Lineville and principal items of work are aplin. ft. Concrete bridge over Fox Creek Plans and specifications on file in the office the ment Montgomery Any may be secured from the highway Ala. The right to reject any or all bids reserved Certified check for five Hundred ($500) dollars made the of accompany each bid good faith and that if awarded contract the bidder will the contract and give bond as required. WOOLSEY FINNELL Highway Director July NOTICE TO Federal Aid No. County Sealed bids be by the the State Montgomery, until o'clock August 1929 that time Vernon and the Mississippi State The principal items of work are approx470 ft. Timber concrete bridge. Plans and are on file the the State Highway Department Montgomery, Any additional information may be secured from the Highway The to reject any all bids is Certified check for Thousand ($1 Dollars payable to the Highway rector of must accompany each good faith and guarantee that awarded contract bidder execute the contract and give bond as WOOLSEY Highway Director into the affairs of the five banks which in the district have closed within the two weeks with report past their findings expected the latter part this The Grand Jury was charged today by Judge Russell McElroy to investigate in the district and the banking situation include in its report an investigation each of the banks whose doors are closed. Following conference with Governor Bibb at Attorney Graves General Charlie McCall, announced here tomorrow to he would take charge of the state's investiga was added toThe fifth bank to close Leeds State Bank day when the placed in the open and affairs hands of the State Department state superinJudge C. the closing order tendent of said of heavy within the face was and that in his opinion the bank solvent body of Dr continued for the Search the Weodlawn Bell, president which closed Saturday Savings Bank, to have drowned and who was reported the Coosa River few hours later in at Vincent. Ala. wire net was were the river and water guns across brought into play in an effort to recover the body. of the state banking departOfficials ment have not completed their audit Bank which closed SatSouthside urday the following the close of the Woodlawn others, the City Bank & Trust Two & Company and the Bank Savings closed their two ago. B. Lassiter, of the two is under the care physician in New York hospital. He said to be suffering from nervous breakdown. LEEDS BANK CLOSES. State Bank failed to open its doors to" day. Officials announced that the of the institution had been placed in the hands of the State Banking Department following heavy run on its deposits Saturday. The bank was the fifth to close in the Birmingham district within the past two weeks, B. Lindon is president of the institution which was capitalized at $25,000 and had surplus of similar amount Jacksville Hourly Sunrise July Sunset July Alabama: Probably local thundershowers Tuesday and Wednesday; cooler *in north portion Virginia: Generally fair and continued warm Tuesday: Wednesday local thundershowers, somewhat cooler by Wednesday night. North Carolina: Generally fair Tuesday and Wednesday except local thundershowers Wednesday in west and north central portion. South Carolina: Generally fair Tuesday and Wednesday, except local thundershowers Wednesday afternoon in northwest portion. Georgia: Generally fair except scattered. thundershowers in southwest por-
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ALABAMA BANKING NOW UNDER INVESTIGATION Birmingham, Ala., July 9. (P)-The banking situation in the Birmingham district was under a three-way investigation by state and county officials Monday as fifth bank failed to open its doors. The Leeds State bank did not open for business Monday and its affairs were placed in the hands of the state
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ONE OF CLOSED BANKS REOPEN IN BIRMINGHAM Southside Bank Resumes Business Without Incident Monday Birmingham, Ala., July Southside Bank, which closed its doors during heavy run on its by depositors, opened for business Monday. State bank who completed an audit of the bank's accounts last week, declared "solvent iting the confidence of the public." The reopening was without cident. Manor, president of the institution, said the hours of business were normal as the closing had merely been over the week end. Lassiter, president of the Avondale Bank Savings Company and the City Bank Trust Company, two the five financial institutions to close here early this month, issued his statement on the closings today which he asserted the belief depositors will paid in Lassiter turned from New York Thursday he made an effort to raise money for his banks and prevent their closing. He collapsed when informed the banks and since has been under the care of physicians. not try to run Lassiter said of his trip. went New York in an effort to raise to save the banks, but the money crash came too soon. My first purto the banks and to pose reopen this end will bend my every energy." Meanwhile plans were going forward to the Woodlawn reopen Savings Bank and Leeds State Bank, the other of five banks to close, with national charters.