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REPRESENTATIVE OF COMPTROLLER ON WAY TO TAKE CHARGE OF DEFUNCT INSTITUTION ACTION TODAY WAS PROMINENT WOMEN CLIMAX TO ROBDENN RECEIVE MESSAGES The First National Bank of Daytena TO SUPPORT PEACE suspended business at approximately 1:00 o'clock this afternoon, after NEW YORK. March 29. PromiCashier George L. Branning had comnent women in all the large cities municated with the national bank exthroughout the country today receivaminer in Jacksonville. The primary ed telegrams from the Women's comcause of the suspension was attributmittees of the Emergency Peace Fed ed to the gradual withdrawal of do eration urging them to hold meetings posits since the recent robbery, which to raise funds to support the peace greatly exceeded the expectations of demonstration which will be made in the bank officials. The decision to Washington at the opening of consuspend business was acted upon with gress. a view to conserving the best interests of the depositors. It is understood that a re-organization scheme is under way which will prevent any loss to deposTO NAVAL CLASS OF itors. The following signed statement of Cashier Branning was issued to the 183, DANIELS URGES News late this evening: "On account of the circulation and publication of rumors and harmful EMULATION OF DEWEY reports concerning the First National bank, which have caused heavy withdrawais, it has not been found posANNAPOLIS. March 29.- class of sible to continue its uninterrupted op183 midshipmen, commisioned at the eration; therefore, in order to best conserve the interests of its deposit Naval academy today three months ahead of time were told by Secretary ors, which is its chief concern, the Daniels that the nation expected them board of directors has placed its affairs in the hands of the national bank to be rady "for the day that may come, examiner. how soon who can tell, when upon your coolness, knowledge, leadership "Arrngements are well under way and ability to shoot straight may defor the organization of a new bank, which it is expected will take over the pend the fate of decisive naval engagement." assets of the First National bank and humSecretary Daniels, who represented pay off its depositors in full dred cents on the dollar. But the the president, urged the emulation of Admiral Dewey and other American cess of doing this could not naval heroes. rapidly enough to avoid the temporary closing of the First National. Read the Daily News Want Ads. "Strong financial interest has been interested in working out the situation for the interest of all concerned, ea pecially the depositors, and it is thought this line of action will conserve their interests to the greatest possible degree; and that the deposiors will be paid in full inside of 45 days-the earliest date the new bank can begin operations. "GEO BRANNING, Cashier. J. B. Pike, the representative of the er Comptroller of the Currency, will arrive in the city on tonight's train, due to arrive at 5:10. President J. J. Randall in a brief statement declared that the bank officials had been in daily touch with the banking authorities and that depart ment had been furnished with daily is-characterstatements of withdrawals and deposits since the robbery. It is President Randall's expressed opinion that deR SERVICE (Continued on Page Four.)
