2025. Bank of Bay Biscayne (Miami, FL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 11, 1930
Location
Miami, Florida (25.774, -80.194)

Metadata

Model
gpt-5-mini
Short Digest
802795f7d67ccc92

Response Measures

None

Description

Multiple June 11, 1930 articles report heavy withdrawals and runs leading the Bank of Bay Biscayne and three affiliated institutions to fail to open (temporary suspension) on June 11. Cash was rushed by airplane and Federal Reserve shipments followed, but litigation and receivership/ liquidation proceedings followed in late June and July, indicating the bank remained closed and entered receivership/liquidation. OCR errors in deposits/resources numbers corrected contextually. Cause attributed mainly to runs triggered by local bank failures and unfavorable talk about the Miami banks.

Events (3)

1. June 11, 1930 Run
Cause
Local Banks
Cause Details
Heavy withdrawals and runs tied to bank failures and adverse talk about Miami banks; articles mention 'recent substantial withdrawals' and 'bank failures today in Miami' and 'unfavorable talk'.
Measures
$2,000,000 in cash flown in from Jacksonville; additional Federal Reserve funds ($6,000,000) sent to aid Miami banks.
Newspaper Excerpt
The Bank of Bay Biscayne ... closed today after heavy runs.
Source
newspapers
2. June 11, 1930 Suspension
Cause
Local Banks
Cause Details
Directors decided not to open the bank and its affiliates after substantial withdrawals; suspension portrayed as protective/temporary but effectively closed the bank that day.
Newspaper Excerpt
failed to open for business today ... statement by directors attributed the closing to 'recent substantial withdrawals.'
Source
newspapers
3. June 24, 1930 Receivership
Newspaper Excerpt
Claims that the officers ... knew it was insolvent nine days before it was closed ... suit for a receivership filed in United States District Court here today by James G. Hawkins ... asked that a receiver ... take charge of the bank's assets (June 24, 1930).  (Subsequent articles through July show litigation over appointment and liquidation.) 
Source
newspapers

Newspaper Articles (25)

Article from Morning Pioneer, June 11, 1930

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Hot News Briefs By The Associated Press LaFollette urging defeat the tariff bill calls plete betrayal Hoover's pledge limited revision give culture equity with industry.' Additional equipment was sent blazing forest gions near Port Arthur, Ont., striving to check numerous Dry weather has caused fires to break out Advance arrived Stillwater the convention the North Dakota Auxiliary. Unable to save feet timber Birch Lake, miles east Prince Albert, Sask., forestry officials ed fire fighters to other where there chance to check the wildfire. The Inland today charged ful practice in house service shippers ing the water Mrs. Walburga Oesterreich, wealthy widow Los Angeles, today granted separate trial from "attic Otto she jointly indicted for the murder of her husband. Several hundred women worn five days the biennial the Nation Federation Clubs, sought rest retreats today. Sessions will be resumed Thursday. There are women at Valley City from Cass Barnes and counties enrolled the first Homemakers Club camp The Civil War closed In 1865. Today there were just War veterans North Da. kota left to attend the annual meeting the which today Valley City, The Relief however, had 129 registered. the Minnesota Lutheran district the Evangelijoint Synod Ohio other opened today St. Paul. Plans are being perfectthe Ohio, Iowa Buffalo Synods. George Kirk, 64, commandof Knights Templar, Bemidji, died his home in Bemidji, Minn., today. Donald Cash, 14 year old Mapes since Fri day when he thrown from showed improvement today More than broadcasting tions participate in the broad the Thursday night. Mrs. Alice Eikor, 74, niece of Gen. Robert Lee, died last night in Oklahoma City. Chief Justice and Mrs. Hughes daughter Elizabeth, sailed toon the Leviathan for southern Europe. fell over territory stretching from Wilton to Underwood and the nity Van Hook yesterday. In addition heavy rains fell area between Mandan and Dickinson. Dr. Ernesto Rossi, Italian wine taster manufacturer, foreign visitor who under stand objection strict pro hibition enforcement. His opinion based after drink bootleg wine. Funeral services be held Edmore, tomorrow for Hans Myhre, 59, who succumbed Sunday injuries ceived fall off grain tank during runaway last week. Four deputy sheriffs of Sedgwick county Kansas, arrested day charges of violate the prohibition Mrs. C. Bohmbach, wife Red Wing, Minn., alderman, found dead the cistern her home today. She been ill for several years. North Dakota Laundry Own convene Devils Lake, with expected. shortage of $308,000 the First National Bank at Chey. bongone, Mich., Clyde Milliken, savings teller committed Monday will be paid in full to depositors. Chief of Police Henry C. Knipe, Kans., arrest under federal for violating prohibition laws. The Bank of Bay Biscayne, Miami, with $15,000,000 deposits and three affiliated banks, closed today after heavy runs. June fishing schooner Rainbow arrived Boston fish day with of the bodies of the disaster The bodies, recovered scene last night's those seven men, two women, and baby French inventor's home heavily bar pivoted to that an arm and same time.


Article from Messenger-Inquirer, June 11, 1930

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LARGE BANK IN MIAMI CLOSES Biscayne Institution Had Deposits of $15,000,000 Miami, June 11. Bank of Bay Biscayne, with deposits of and three affiliated financial institutions, failed to open for business today. statement by directors of the bank attributed the closing to "recent substantial with. banks were the BisTrust company, the Miami Beach Bank and Trust company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed deposits of and total deposits Gilman is president of the bank. The Bank of Bay Biscayne Miami's oldest bank. It has one of the finest buildings in the city, structure erected in 1925. TEMPORARY CLOSING Homestead, June 11. The Bank of Homestead closed its doors today after opening for short time. An announcement was made by Assistant Cashier H. Grady Smith saying the bank was in good condition and that suspension of business was but taken for the purpose of avoiding local bank run account of bank fallures today in Miami. Smith said the bank expects to open in few days. NEW JERSEY BANK CLOSES Vineland, June Vineland Trust company was taken today by the state commissionof banking and insurance to vestigate its company not open for business today. The trust company, which organized about years ago, has capital $100,000 and Its totaled cording to statement as of March were $1,800,619.


Article from Fort Lauderdale News, June 11, 1930

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MIAMI BANKING HOUSE FAILS TO OPEN ITS DOORS (Continued from Page 1) at 10 a. m. today after opening for a short time. Official announcement was made by Assistant Cashier H. Grady Smith that the bank is in good condition and suspension of business is but temporary, taken for the purpose of avoiding local bank run on account of bank failures today in Miami. Smith said the bank expects to open in a few days. The Bank of Bay Biscayne was older than the city of Miami. It was established May 2, 1896, seventeen days after the first train ran to the community that on July 28, 1896, was incorporated as the city of Miami. A statement from J. C. Penney. chairman of the board of directors of the City National bank, said sufficient funds were on hand to meet demands of all depositors in that institution. TOBACCO VALDOSTA, Ga., June 11. (AP)Production of tobacco in this section of the bright leaf belt, will be about normal in spite of early setbacks to the erop, warehousemen agree. Lloyd George's father was once a tin peddler.


Article from Lexington Herald-Leader, June 11, 1930

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FIVE BANKS IN CLOSE Miami Institution And Three Of Its Subsidiaries Hurt By Withdrawals MIAMI. Fla June 11 (AP) The of Bay Biscayne, with deposits of and three affiliated fiinstitutions, failed to for today. statement by directors of the bank attributed the closing to "recent substantial withdrawals.' The affiliated banks were the Biscayne Trust Company, the Miami Beach Bank and Trust Company and the Bank of Coral of Bay Biscayne in its quarterly showed of $15,037 198 and total resources of J. H. Gilman is president of the bank. The Bank of Bay Biscayne is Miami's oldest It has one of the finest buildings in the city, structure in 1925. HOMESTEAD BANK CLOSES HOMESTEAD, Fla., June 11 (AP) The Bank of closed its doors today after opening for short time. was made by Assistant Cashier H. Grady Smith saying the was in good condition and of business was but tempororaly taken for the of local bank on account of bank failures today in Miami. Smith said the L nk expects to open in few days.


Article from Morning Pioneer, June 12, 1930

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Hot News Briefs By The Associated Press defeat the tariff bill calls betrayal of Hoover's pledge limited give culture equity with industry Additional equipment was sent into forest gions near Port Arthur, Ont., rangers to check numerous Dry weather has caused fires to break out Advance today for the 37th annual convention of the Minnesota and North Dakota and Ladies Anxiliary Unable to save feet of timber at Birch Lake, 60 miles east of Prince Albert, Sask., forestry officials moved fire fighters to other areas where there chance to check the wildfire. The Inland Waterways corporawas today charged ful practice granting service shippers ing the water line. Mrs. Walburga Oesterreich, wealthy widow Angeles, today granted separate trial from "attic lover," Otto Sanhuber, with whom she jointly indicted for the murder of her husband. Several hundred women worn by strenuous days in the 20th convention Nation Federation of Women's Clubs, sought rest in mountain retreats today. Sessions will be resumed Thursday. There are 32 women at Valley City from Cass, Barnes and Stutsenrolled in the first Homemakers Club camp The Civil closed in 1865. Today there were just 17 CivWar veterans North Da kota left to attend the annual meeting of the G. which opened today at Valley City, The Relief Corps, however, had 129 registered. convocation of the Minnesota Lutheran district of the EvangeliLutheran joint Synod Ohio other opened today St. Paul. Plans are being perfectfor merger the Ohio, Iowa and Buffalo Synods. George Kirk, 64, past command of Knights Templar, Bemidji, died at his home in Bemidji, today ment of the grain futures act. Donald Cash. 14 year old Mapes, Under the commerce department boy, since $30,000 was allowed for the monwhen was thrown from itoring radio at Grand horse, showed improvement today land, Nebraska: $350,000 for a More than broadcasting draulic laboratory; $139,000 for tions in the broad- building Great Lakes the $190,000 light-house night and fish cultural fight Thursday in Oklahoma. Mrs. Alice Eikor, 74, niece of Gen. Robert Lee, died last night in Oklahoma City. Chief Justice and Mrs. Hughes racks taken to daughter Elizabeth, sailed lieve prison congestion. on Leviathan for southern Europe FEAST OF CORN Heavy rains fell over territory stretching from Wilton to and in the nity Hook yesterday. In heavy rains fell area between Mandan Dickinson. Dr Ernesto Rossi, Italian wine Federation of Women's clubs, taster Indian operetta was presented foreign under- Sakakawaea junior girls club stand objection to strict pro- United States Indian school enforcement His opinion based after a drink boot drew the applause several hundred women dele Funeral will be held Edmore, tomorrow for Hans Myhre, 59, who cumbed Sunday to injuries ceived fall off grain tank during runaway last Four deputy sheriffs of Sedgwick Kansas, arrested Miss Slater. club presiday charges of conspiracy dent, played the violate the prohibition laws. Mary Slater took the part Wa- Bohmbach, wife Red Wing, Minn., alderwas found dead the cistern today. She had been ill for several North Dakota Laundry of the school faculty in charge Devils Lake, tomorrow with expected. CHURCH SCHOOL A chortage of $308,000 in the First National Bank at Chey. bongone, Mich. Clyde Milliken, savings teller Monday be paid in full to depositors. Episcopal church magazine Chief of Police Henry Knipe, believe that moderate drinking itself sinful under federal indictment He does not believe moderate violating prohibition laws. drinking The Bank of Bay Biscayne, Miami, $15,000,000 deposits and three affiliated banks, closed today after heavy runs. myself Boston, June drinking problem Rainbow arrived Boston fish pier late students, day the are prohibited statue, and The bodies, recovered near the statue doubtful ever will be scene last those seven men, women, he says only conclusion baby French inventor's home the prohibibar pivoted post majority and them time. quently."


Article from The Marshall News Messenger, June 12, 1930

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Rush Money By Plane to Halt Run On Bank Miami, Fla., June airplane bearing two million lars in cash arrived here from Jacksonville at 2:05 ms. today meet financial situation caused the closing of the Bank of Bay Biscayne and four others. President Romfh of First National, anthe money would be used through the other Miami banks off all concerned in the closed


Article from The Sioux City Journal, June 12, 1930

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FOUR BANKS IN FLORIDA CLOSE Miami Institution and 3 Branches Fail to Open Doors Miami, Fla.-(P)-The Bank of Bay Biscayne, with deposits of $15,037,198 as of the March 27 statement, and three affiliated financial institutions, failed to open for business Wednesday. A by directors of the bank attributed the closing to "resubstantial withdrawals.' The affiliated banks were the Biscayne Trust company, the Miami Beach Bank and Trust company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed deposits of $15,037,198 and total resources of $17,182,292. J. H. Gilman is president of the bank. The Biscayne Trust company had $1,520,040 deposits and $1,962,14 resources. The Miami Beach Bank and Trust company had deposits of 943 and resources of $2,539,281 The Bank of Coral Gables, the third of the affiliated institutions, had deposits of $606,598 and resources of $743,759 Money Sent by Airplane E C. Romfh, president of the First National bank, said that $2,000,000 left Jacksonville by airplane Wednesday from the federal reserve depository there. He said the First National bank and its subsidiaries has money on hand to play all depositors, if necessary Depositors were orderly as they made withdrawals during the morning from other banks of the city and President Gilman said: "At meeting of the directors Wednesday morning, after consultation with the state comptroller, it was decided not to open this bank and its affiliated institutions, the Biscayne Trust company, Miami Beach Bank and Trust company and the Bank of Coral Gables, in order to protect all of our depositors to the fullest extent. "This decision was made after due consideration and was due to recent substantial withdrawals. Arthur W. Saarinen, bank examiner. has charge of the institution. The bank's resources include loans and discounts amounting to $7,478.458 and securities and commercial paper bonds valued at $5,368,497. Runs on Other Banks Withdrawals from other banks here up to the closing time were made in orderly fashion. bank officials said, and available funds were not E. Romfh, president of the First National bank, Laurie Yonce, Jacksonville pilot, had landed here shortly after 2 p. m. with $2, 000,000 in cash which he brought from the federal depository in Jack Hugh R. Gordon, Jr., president of the City National bank, said that approximately $350,000 had been withdrawn from his bank up to p. m (eastern standard time) and that the doors of the institution would be kept open as long as depositors remained. Mr. Romfh said approximately $500.000 had been withdrawn from the First National bank today telegram signed by E R. Black, governor of the federal reserve district in Atlanta. was posted in the window of the Third National bank which said 000.000 is en route to Miami banks. This total was believed locally to include the that came by airplane from Jacksonville Approximately 10,000 depositors in Miami, Miami Beach and Coral Gables were affected by the bank closings. $6,000,000 Sent to Miami Atlanta R. Black, governor of the Atlanta district of the federal reserve bank, said Wednesday that $6,000,000 was being sent to Miami from the Jacksonville branch of the federal reserve. This money, he said, would be available to all Miami banks that are members of the federal reserve. Mr. Black said $2,000.000 of the amount was sent from Jacksonville to Miami by airplane, and that $4,000,000 more was being sent "by mail.' Asked if any additional amount had been sent from the Atlanta depository of the federal reserve to Jacksonville, Mr. Black said the depository here "is continuously sending money to Jackjsonville, just as it does to the branches in Birmingham, Memphis and other southern Homestead Bank Closes of Homestead closed its doors at 10 a. m. eastern standard time, Wednesday after opening for a short time. Assistant Cashier H. Grady Smith said the bank was in good condition and that suspension of business was but temporary, taken for the purpose of avoiding a local bank run on account of bank failures in Miami. He said the bank expects to open in a few days.


Article from The Wichita Eagle, June 12, 1930

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IN FLORIDA SHUTS DOORS Subsidiary Institutions Suit Following Heavy Runs MIAMI, FLA., June Bank Bay Biscayne, oldest nancial institution South Florida, and three in metropolitan Miami failed to open for business today. the Miami Beach Bank Trust company, the Bank Gables, and the BisTrust Notices posted on the doors of the said the had been taken by depositors" and because of "recent fifth banking house, the Bank Homestead, after being open hour, with the statement would few days. Homestead south Miami. Officials said the closed The Bank of Bay Biscayne listed total and of March in its last Capital listed and surplus and profits at $1,145,Other banks in the city and in the heavy during the


Article from The Belleville News-Democrat, June 12, 1930

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in Florida Banks Being Regained Miami, June arrival of $2,000,000 in cash by plane and several reassuring statements by state banking offiiers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday One the banking officials sisted the situation was not acute, and declared that the conditions which led to the closures would have adjusted themselves there had not been unfavorable "talk," some of bankers themselves. The banks which closed were the Bank of Bay Biscayne, with sources of $17,182,292; the Biscayne Trust Company, with the Miami Beach Bank and Trust Company, with $2,593,281; the Bank of Coral Gables, with and the Bank of Homestead. The bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needthey said.


Article from The Knoxville News-Sentinel, June 12, 1930

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MIAMI RECEIVES MONEY BY PLANE $2,000,000 Rushed to City Where Five Banks Closed. By United Press MIAMI, Fla.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by state banking officers helped today to allay the uneasiness of depositors who had funds +n five banks which closed yesterday. One of the banking officials insisted the situation was not acute, and declares the conditions which led to closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. It was said today that an additional $4,000,000 was being rushed Into the Miami district by mail. It will arrive this afterThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Co., with $1,962,148; the Miami Beach Bank & Trust Co., with $2,593,281; the Bank of Coral Gables, with $743,759, and the Bank of Homestead. Local bankers said they were confident normality would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said. CLEARWATER BANK FAILS By United Press Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, went into the hands of the state banking department today and closed their doors.


Article from Evening Star, June 24, 1930

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BANK HEADS AND STATE OFFICIAL NAMED IN SUIT Charges Officers Knew Institution Was Insolvent Nine Days Before It Was Closed. By the Associated Press. MIAMI, Fla., June 24.-Claims that the officers of the Bank of Bay Biscayne knew it was insolvent nine days before it was closed and that Ernest Amos, State controller, was derelict in his duty were made in a suit for a receivership filed in United States District Court here today by James G. Hawkins and his wife, Mrs. Rosa Hawkins, depositors. The petitioners asked that a receiver. appointed by the court, take charge of the bank's assets and issue a detailed inventory and appraisal of assets and liabilities. Judge Halsted L. Ritter designated next Monday as the date for a hearing. The suit claimed that when the bank closed, June 11, $10,000,000 in deposits were protected by a reserve of only $300,000, although Florida statutes require a reserve of 20 per cent of deposits.


Article from The Tampa Times, July 3, 1930

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Amos Loses Fight Against Federal Bank Receiver Miami, July 3.-Holding that Ernest Amos, comptroller. holds no more right than individual the petition of Mrs. Rosa federal ceiver for Bank of Bay Biscayne, Federal Judge Halsted Ritter today denied motion dismiss the petition by attorneys for the comptroller. The comptroller was made the suit the first party of the quest Attorney Fred Davis Florida, who ing him. Amos comes under the equity Judge Ritter "He has more rights than humblest the bank. are just concerned now with pushing perAmos file this courtesy and the that better of sides of the case might brought Next hearing the receivership petition held July 21 Ritter's court.


Article from The Miami News, July 10, 1930

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BISCAYNE BANK RECEIVER SUIT IS DISMISSED Appeal on Naming Court Representative Is Upheld NEW ORLEANS, July 10.(AP circuit court of appeals late yesterday reversed the judgment of the federal court for the southern district of Florida and set aside that court's order appointing special representative for the Bank of Bay Biscayne at Miami. The circuit court also directed that the bill of complaint brought in the lower court by Mrs. Rosa Hankins and her husband seeking appointment of receiver for the bank should be immediately dismissed by the lower court. In its opinion. the court of appeals briefly summarized the case and set forth the following decision: "Regardless of the terms used. it is apparent that the order in effect appoints receiver to control the assets of the failed bank and enjoins the comptroller from carrying on the liquidation of the institution under provisions of the laws of Florida. In the event of its insolvency. it is matter of grave consequence for any court to interfere and that should be done only in perfectly clear case. "It does not appear from the record that such a case is presented here. The laws of Florida provide an orderly method of liquidating the affairs of an insolvent state bank. in substantially the same manner that federal statutes provide for liquidation of an insolvent national bank. It is usually matter of discretion to issue an injunction and appoint receiver but the exercise of jurisdiction and the entering of the order appealed from in this case appear to us to be warranted. "The order appealed from is reversed and the cause remanded with directions to dismiss the boll of complaint. The mandate to issue immediately.


Article from The Tampa Tribune, July 18, 1930

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Amos Again Asked for Bank Stockholder List MIAMI, July that Ernest Amos. state comptroller provide names and addresses of stockholders of the closed Bank of Bay Biscayne of Miami was in letter sent today by Abe Aronovitz, chairman of one of the depositors committees of that bank. The demand. the third of its kind. was sent after meeting of the committee today at which was said the names were wanted so that suit to collect could be instituted. Amos declined two previous requests for the names, first on the ground that Judge Halsted Ritter had ordered the affairs to remain in status quo and later on the ground that the information desired is quasiconfidential.


Article from Evening Star, August 8, 1930

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ACCUSES BANK OFFICIAL Florida Controller Is Charged With Malfeasance. MIAMI, Fla., August 8 (P).-A warrant charging State Controller Ernest Amos with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was


Article from The Kokomo Tribune, August 8, 1930

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MIAMI BANKER UNDER CHARGE OF MALFEASANCE Miami, Fla., Aug. 8.-(AP)-A warrant charging State Comptroller Ernest Amos with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was issued here yesterday on application of a depositor. Amos is charged with violation of Florida statutes by employing former officials and employes, of the bank to make the liquidators' audit. While there has been much civil litigation in consequence of the bank's suspension, this is the first eriminal action taken, Center M. E. Church. Preaching once each Sunday. Sunday school each Sunday morning at 9:30 o'clock. Prayer meeting each week. Come and bring the entire family. We need you. J. R. Smith, pastor.


Article from Chattanooga Daily Times, August 8, 1930

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FLORIDA COMPTROLLER FACES CRIMINAL ACTION MIAMI, Fla., Aug. 7 (P).-A warrant charging State Comptroller Ernest Amos with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was issued today upon application of Jack Amos Selby, charged specifically with violation of Florida statutes by employing former officials and employes of the bank to make the liquidator's audit. Although the federal and state courts have been occupled with much civil ligitation sequel to the bank's suspension, this is the first criminal action taken.


Article from Fort Worth Star-Telegram, August 8, 1930

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NEGRO NERVOUS DEATH CHAIR NEAR Associated Aug. 7. The which Rainey Williams, 38 had faced the prospect of Friday vanished late and he appeared somewhat accused of attempted at several Port Arthur white convicted of criminal asJoyce Keller, threatened with mob action three his court appearance. An first sought him while he Port Arthur but ofthrough the crowd with him to Beaumont. There additional bands gathered about but each was dispersed by W. W. Covington and his deputies. negro. found guilty July 2 after deliberated 18 minutes, minister in his cell pracThursday. He was "getLee Simmons, general of the prison system, said, brother who came to see afternoon that he would mother in Heaven.' The brother. Simmons added, said the family would be here early Friday when Williams dies. MIAMI Fla., Aug. 7.-A warrant charging State Comptroller Ernest with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was here today on application of a Amos is charged with violation of Florida statutes by employing former and employes of the bank the liquidators' audit. While there has been much civil litigation in consequence of the bank's suspension. this is the first criminal taken. AUSTIN. Aug. Chartered: Nueces Valley Pecan Growers Co-opAssociation, Uvalde, co-operative no capital stock. IncorporaBunting. Henderson, Walker. Dwight Chapin, O. D. Fruit Roll Company of Texas, Dalmanufacture frost confections; capital stock $5,000. Incorporators, L. Boedeker, Sam Mills, J. C. McCullough Box and Cate Company. manufacture boxes and crates; Childow, Mrs. J. Dossett, W. B. Waco. Foreign permits: Navajo Refining Company. Borger and capital stock $200,000. Worth: capital stock $10,000.


Article from The Lewiston Daily Sun, August 8, 1930

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FLORIDA COMPTROLLER HELD RESULT OF BANK SUSPENSION CHARGED WITH IN CONNECTION WITH THE AUDIT Miami, Fla., Aug. 7-(P)-A warrant charging State Comptroller Ernest Amos with in office in connection the liquidation of the suspended bank of Bay Biscayne issued today upon application of Jack Elby, depos- Amos is charged specifically with violation of Florida statutes by employing former officials and employes the bank to make the liquidators' audit. Although the Federal and State courts occupied with much civil litigation to the bank's suspension, this is the first criminal action taken. For pedestrians who must walk the public roads at night an Edinburgh has patented safety It of strong leather with reflectors attached and back which catch the light of approaching automobiles.


Article from The Miami News, December 1, 1930

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MORE MEMBERS FOR MIAMI'S Y WILL BE SOUGHT Drive Volunteers to Be Obtained at Meeting Tonight An effort to bring membership in the Miami Y. M. least to at 1,500 replenish finances which were through failure of the Bank of Bay Biscayne, will get under way tonight ship meeting at the Y building at 6:15 This meeting called by M. R Harrison. general of the membership campaign, for the of perfecting field organization solicit and memberships. The meeting will not longer than an hour half, Mr. Harrison said. Starting tomorrow and for five thereafter, than 100 workers be field. Emphasis will memberships, those which only entitle the holder privileges, enable the association to extend rights to number of deserving boys not able to pay the regular membership fee. Officers field organization already have and unteers make the remainder up the field army expected be to tained at tonight's


Article from The Miami Herald, December 11, 1930

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BANK LIQUIDATOR ANSWERS DAVIS Therrell Defends Appointment For Biscayne Institution Fla., Dec. (A)-J. Therrell, liquidator for the closed Bank of Bay Biscayne, Miami, today filed with the Supreme court swer writ issued against recently on application Davis, attorney general. attorney general contended has no right act liquidator for the bank, since appointment Comptroller Ernest confirmed court of the proper jurisdiction. In his answer today the liquidator contended he held legal occupancy the position. The attorney general filed motion for judgment ouster, notwithstanding claims Therrell's The Supreme court took the matter under advisement.


Article from The Miami News, December 23, 1930

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the past and we shall continue to in the future. On June 11, he was quoted as say- are authorized to reaffirm in my the previously published that squarely behind the City National bank. suggest the that ample funds are available for all necessary demands." The questioning of Mr. Gordon preliminary net the part of the state attorney's understood. might be by calling the grand jury. Whether this would done, Mr. Hawthorne said, depends developments. As to investigation of the bank such. he said, such probe properly should handled by the government. as the City National is federal serve institution. off and have been waiting all morning for line that failed to materialize," it said. Police at the City tional and Bank of Bay Biscayne for service, said that there had been disturbances. One man at the City National bank to have his safety deposit box contents delivered to him.


Article from The Miami Herald, March 28, 1931

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TRIAL OF GILMANS AWAITS DECISION Halt Called Pending Supreme Court Ruling The cases of James H. Gilman, president closed Bank of Bay Biscayne and his Gilman, head the with false entries in bank's will called for ther next Supreme court does decide questions before by the middle of the week, Judge Collins of Criminal court Judge Collins indicated that he demurrer by plea John Stokes Carl Hoffman, neys for the last The attacks Judge Collins' authority to hear the The same questions are before. the Supreme court, Judge Collins said, was to him in Tallahassee this that would be made this week or early next week.


Article from The Miami News, May 9, 1931

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BANK RECEIVER CONFLICT LOOMS IN TRUST CASE Taylor Named by Court to Handle Guardian and City Firms With the next move in the complicated in doubt early today, and with possible conflict and local apparently the Judge H. H. was charge this the Guardian Trust Co. and City Trust Co., follow ing his last night receiver by Judge F. Atkinson of circuit The local based after regular hours by Will Atlanta business who claims creditor of two with handling of $25,000 bond and who dissipation assets the the City Filing of the Allen suit closely lowed late yesterday Therrell liquidator of the City Trust liquidator of the Bank of Bay Biscayne out city today and was not to return for week or Morgan S. president the Guaradian Trust said would move dissolution of the ceivership of that concern soon could prepare which he thought would be sometime today. Taylor said in full charge of the assets of under court order and duty them should relieved. He is under $25,000 bond for faithful perhis Mr. McMormick and Mr Taylor were the Guardian Trust Co. office early today arranging for the to take charge Mr. mick said the proceedings "complete and that his,first inkling when he stepped off incoming train this morning after receivership filed last night by for alleged that when Cormick bought Trust Co. in January. from Spurway, City tional the purchase price through the First National bank $200,000. and that this repaid through ON PAGE NINE)


Article from The Tampa Times, June 9, 1931

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Trial of Former Bank Officers in Miami Recessed Miami, Fla., June of two former officials of the closed Bank of Bay Biscayne recessed today following an announcement by Fred Botts, assistant county solicitor, had received word the death Edwin his father-in-law, in HartConn. was ordered until afterMr. Botts plans for taches the cess would be until week. The former officials, James Gilman, former president, and Gilman, former head the department, charged report be issued certain bonds costing when the testified yesterday he not the report until the bank closed and that had closely until was shown him the room. He said the prepared by the bank's auditing department.