Anonymous letters ('Hiram') attacked the Southern Bank & Trust, producing heavy withdrawals. State Comptroller Ernest Amos took charge of the Southern and ordered the Citizens Bank (and Bank of Allapattah) not to open; articles state the Citizens was in good shape and would reopen (temporary closing driven by rumor/misinformation). Reopening date for Citizens not specified explicitly in these clippings, but several pieces say plans for early re-opening and that State examiners found Citizens in good shape.
Events (3)
1.February 6, 1928Suspension
Cause
Rumor Or Misinformation
Cause Details
Circulation of anonymous letters (signed Hiram) urging depositors to quietly get your money out of the Southern Bank & Trust caused heavy withdrawals; Comptroller ordered Citizens not to open fearing it could not withstand possible runs.
Newspaper Excerpt
Ernest Amos, state comptroller, had taken charge of the affairs of the Southern Bank and Trust Company and ordered the Citizens bank and the Bank of Allapattah temporarily closed.
Source
newspapers
2.*Other
Newspaper Excerpt
State examiners said the Citizens Bank ... were in good shape, but in no condition to stand a run; plans in progress for early re-opening (reports Feb. 7-8, 1928).
Source
newspapers
3.*Reopening
Newspaper Excerpt
All three institutions were taken over by the State Banking Department, and the Southern Bank probably will be re-opened about March 15. State examiners said the Citizens Bank ... were in good shape, but in no condition to stand a run (reports indicate Citizens expected to re-open soon).
Source
newspapers
Newspaper Articles (22)
1.February 6, 1928Brooklyn EagleBrooklyn, NY
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BLAMED
Depositors Rush Miami First National and Trust as Others Close Doors.
Miami, Fla., Feb. (4)-A determined the First National Bank began during the noon hour today following the failure three other Miami financial institutions to open for business today The bank's large lobby dated all who sought to gain admittance to The three that failed to open were the Southern Bank Trust Company, the Citizens and the Bank of Other large banks reported normal conditions. Officers of the First mingled with the crowd the lobby and not reached for Letter Causes Trouble. The Southern and pany requested its affairs pending following heavy deposits caused by circulation letters predicting its Mr. other institunot open that they were financial which might result to closing the Southern Bank and Trust Company In announcing that the Southern Bank and Trust Company suspended but reopen March said that "large for during the last few days caused by letters written advising them quietly get your money out of the Southern The he said. were signed drawn Masonic mailed Saturday Miami, but Mr. Lummus was to number accurately than there "more than dozen. The police are seeking trace the sender
FLEE WITHOUT LOOT. The rays of flashlight Jacob store early today caught the eye of William Cook the bert precinct Entering. discovered parcel jewelry valued lying on the floor the shop. The thieves were gone.
2.February 6, 1928Norfolk Daily NewsNorfolk, NE
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ACTION CLOSING THREE OTHER MIAMI
Miami, million dollars cash the First National bank Federal Reserve bank branch Jacksonville by airplane and all depositors who withdraw their funds, officials local institution announced afternoon following orderly bank growing out closing of three other local cial institutions morning. The three banks that open for business today Southern Bank and Trust pany, the Citizens bank, and Bank of The Bank and Trust company requested Comptroller Amos assume charge of its fairs pending nances, following heavy withdraw. deposits caused circulation of anonymous leters predicting failure. President Lummus bank said that "large demands during the last days been caused letters writen to depositors and them to "quietly your money the The letters, said, were sign "Hiram" bore crudely drawn Masonic Police are seeking to trace sender. President Lummus said that deposits in funds were fully protected.
3.February 6, 1928Greenfield Daily RecorderGreenfield, MA
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Miami banks failed for business They the Southern Bank and Trust Company, the Citizens Bank, and the Bank of Allapattah. The Southern Bank and Trust company requested comptroller Amos assume charge fairs pending strengthening of nances, following heavy withdraw of deposits caused by circulation of letters predicting its failure. Mr. Amos ordered the other stitutions in the belief they financial position withstand large withdrawals which might result from excitement incident the closing Southern Bank and Trust Company. Under normal conditions they could operate, he said, adding that there had been sign of their run place.
Three Florida Banks Close, Fourth Sustains Heavy Run
Miami, Fla., Feb. mous letters. predicting the failure of one bank, caused that institution to suspend business here today, resulted indirectly in the temporary closing of two others. and brought about on fourth, which called for $7,000,000 from the federal rcserve branch bank in Jacksonville to bolster its cash reserves. The run, determined but orderly. started at noon on the First National bank, following announcement that Ernest Amos, state comptroller. had taken charge of the affairs of the Southern Bank and Trust company and ordered the Citizens bank and the Bank of Allapattah temporarily closed.
Laid to Letters. Explaining he had taken control at the Southern Bank and Trust company at the instance of its officials because of withdrawals. caused by the circulation of the anonymous letters, Amos said he ordered the other two banks closed through fear they might not be able to weather possible runs. He made plea for cool and collected public spirit," declaring that the banks would have been able to remain open under normal conditions.
(Continued on Page Two)
RUN STARTS ON BANK AT MIAMI
Letters Cause Three Other Institutions To Close Doors letter predicting the failure of one bank caused that Institution suspend business here today resulted in the temporary closing of two others, and brought about a run on fourth which called for from the Federal ReBranch Bank Jacksonville to bolster Its reserves. The run. determined but orderly started at noon on the First Nation. Bank following that State Comptroller Ernest Amos had taken charge of the affairs of the Southern Bank and Trust and ordered the Citizens Bank and the Bank of A1lapattah
Asserting he had con Bank and Trust Company the request of its because of caused by the circulation of the anonymous Comptroller Amos said he ordered the other two banks closed through fear they might not be to sible runs growing out the closing the Southern. He made plea for cool and collected public spirit, declaring that the banks would have been able to main open under normal condiMeanw the reverberations were felt in an unexpected quarter quietly was begun the First National Until ing the tellers were rapidly handing money to every depositor It while officlals of the institution mingled with the crowd to spread enAt no time was the lobby the bank, holding about Officials estimated that the day began with $1 50,000 cash and that only about $350,000 was paid out during $7,000,000 In Cash When the bank closed at the hour of run they would have more than in cash and would meet every demand. They said an airplane bringing and that the rest of the money would be sent from by No other banks in the city were W. H. Burwell president of the Chamber attributed situation to outside Influences and not to any intrinsic economic fault in the institutions or in the territory He said the would the situahas worked toward perfecting oxygen apparatus. which feeds air to the pilots observers. and superchargers, which feed air to Pursuit planes recently ordered the army carry both of these
6.February 7, 1928The Atlanta ConstitutionAtlanta, GA
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RUN ON MIAMI BANK FINDS ABUNDANT CASH
Miami. Fla., February ficials of the First National bank. on which run was started during the noon hour after depositors had learned that three financial institutions here failed to open for business today, announced at 2:20 m. that more than $7,000,000 would be available to pay "anybody that wants his by morning. The extra funds, was announced, are being by train from the Fed eral Reserve bank branch in Jacksonville. The doors closed at 2 m. with plenty money still in sight in telTemporary closing of the three banks was because of circulation of anony mous letters advising withdraw their funds from the South ern Bank and Trust company. Taking charge affairs of the Bank and Trust at the of its officials, State Comptroller Ernest the Citizens bank and the Bank Allapatiah not open in the belief that they might not be able to withstand possible large withdrawals. While police sought the sender of the notes which were responsible for the of them. varying in phraseology, were One note read: "Quietly get your money out of the Southern Bank Trust company. It is going soon. (Signed) Hiram.' E. C. Romfh, president of the First announced at closing time that total amounted $350,000. only about the already available said there were a number of large deposits. The crowd dispersed immediately after the closing of the doors at The withdrawals were mostly small accounts. No other banks in the city were affeeted the situation. W. H. Burwell, president of chamber commerce, attributed "whole to outside influences and not any intrinsie fault in the institutions or in territory He said the would consider the situation at meeting tonight. Asserting belief that all the closed banks reopen shortly that there will be serious from the Mr. Burwell the persons are their money "ean only injure themselves and do nobody any good. Meanwhile. the police were seeking the author of the anonymous letters which some instances were signed simply "Hiram, and which orated drawn Masonic 28. in not depositors in the Southern Bank & Trust company. President E. Lummus, of the Southern bank, held the letters for his bank which period several days and the bank had been forced state He issued public statement which said the bank would he reopened March 15. and deposits and trust funds were fully The Citizens bank and the Bank of Allapattah were small institutions, the one on the edge of the business distriet, the other in the suburbs. and capitalized at $100,000 and $15,000 While the Southern Bank & Trust was $100,000. it had $5,138,112 in deposits, officials said.
7.February 7, 1928Republican and HeraldPottsville, PA
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MONEY TAKEN TO MIAMI TO SAVE BANKS
Miami, Fla., Feb. 7. (U.P.) More than $5,000,000 in cash was being brought into Miami today to assure depositors of the First National Bank of the security of that institution after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, after the other banks had closed following heavy runs, but were not serious. One million five hundred thousand dollars was brought in by airplane from Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yes. terday blamed the runs on anonymous notes sent to depositors attacking the safety of the Southern Bank and Trust Company. The notes were signed "Hiram," and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust Company failed to open its doors there were runs on the Citizens' Bank of Miami and the Bank of Allapattah. J. E. Lummus, president of the said his bank was closed after the notes had been circulated and he thought it better to place the insti tution in the hands of Ernest Amon, State Comptroller of Banks, rather than face run which probably would be disastrous. The Southern Bank and Trust was capitalized at $100,000 and last Saturday night had deposits of $5,138,112.11. The Citizens' Bank of Miami also was capitalized at $100,000, while its deposits totalled $149,480, and the Bank of Allapattah had capital stock of $15,000 and estimated deposits of $110,000.
8.February 7, 1928Napa JournalNapa, CA
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AIRPLANE USED
TO RUSH FUNDS TO RELIEVE SITUATION
Citizens Wage Run on Banks; Money Coming From Jacksonville to Reassure Depositors
MIAMI, Fla., Feb. 6 (UP).-A million and a half dollars in cash was being rushed to Miami by airplane today to relieve a tense situation which developed when three banks closed this morning. Failure of the Southern Bank & Trust Company, one of the largest in the state, to open for business caused runs on the Citizens Bank of Mami, and the Bank of Allapatiah which forced them to close a few hours later.
The money was being brought by plane to the First National Bank of Miami from the Jacksonville Branch of the Sixth District Federal Reserve Bank. The First National Bank of Miami suffered slight runs when the three banks closed and the money was being brought here to reassure depositors. E. C. Rofh, President of the First National, said his institution had felt no III effects from the situation.
Rofh said he was expecting another $5,500,000 to arrive by train Tuesday morning. The First National Bank had on hand $1,750,000 in cash this morning, and Rofh said that the two shipments enroute here will enable it to continue business easily.
J. E. Lummus, President of the Southern Bank & Trust Company. said circulation of anonymous letters attacking his bank had caused an unexpected run on the institution which resulted in its failure to open. Ernest Amos, State Comptroller, took charge of the Southern Bank & Trust Company. Amos claimed its failure to open had caused runs on the Citizens Bank of Allapattah. which they were not able to withstand.
5,000 DAILY JOURNAL READERS
Venerable and Beloved Pioneer of Napa County's Demise Comes After More Than 50 Years' Residence Here
After having been a resident in Napa County for more than 50 years, during which she built around her during which time she built around her a host of admiring and loving friends, Mrs. Anna Dollarhide, a most prominent resident of this community. was taken by death at the family home on Pine street following an illness of but a week's duration, at 11:15 o'clock last night. \ woman of highest character, kindly and generous. the news of her sudden death will come with a shocking suddeness to the many friends of herself and family throughout the Napa Valley. Mrs. Dollarhide was born in Mis. souri, July 26. 1851. When but 15 months old she journeyed to Oregon where she resided for but few years before coming to Napa County, having first establ'shed her residence in Pope Valley. Deceased was the widow of the late A. J. Dollarhide. who passed away in 1894. himself a man of great prominence in this community. Left to mourn her loss are two daughters. Miss Winefred Dollarhide, of Napa. and Mrs. Herbert Whitton of Santa Rosa: one son. Deputy County Clerk R. A. Dollarhide of Napa: two sisters. Mrs. Rosella Bowen of Alhambra, and Miss Genelle Boothe of Los Angeles: and one brother. C. A. Boothe of Hollywood. The remains are at the Webber Funeral Parlors. The time for the funeral services has not been arranged as yet and will be announced later.
9.February 7, 1928St. Louis Globe-DemocratSt. Louis, MO
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Three Miami Banks Close After Letters Predict Failure
$7,000,000 Called in by Fourth to Meet Heavy, Run.
By Associated Press. MIAMI, FLA., February 6.Anonymous letters predicting the failure of one bank caused that institution to suspend business here today. resulted indirectly in the temporary elosing of two others, and brought about a run on a fourth which called for $7,000,000 from the Federal Reserve Branch Bank in Jacksonville to bolster Its cash reserves. The run, determined but orderly, started at noon on the First National Bank, following announcement that Ernest Amos, State Comptroller. had taken charge of the affairs of the Southern Bank and Trust Company and ordered the Citisens' Bank and the Bank of Allapattah temporarily closed.
"Be Cool." Explaining he had taken control at the Southern Bank and Trust Company at the instance of its officials because of withdrawals caused by the circulation of the anonymous letters, Amos said he ordered the other two banks closed through fear they might not be able to runs. He made plea for "a cool and collected public spirit," declaring that the banks would have been able to remain open under normal conditions. Meanwhile, the reverberation was felt in an unexpected quarter, when the run quietly was begun at the First National. Until closing time the tellers were rapidly handing out money to every depositor demanding it, while officials of the institution mingled with the crowd to encouragement. At no time was the lobby of the bank. holding about 250 persons, stowded beyond its capacity 9fficials estimated that the day began with $1,750,000 cash and that only about $350,000 was paid out during the When the bank closed for the day's business at the regular closing time of o'clock, officials calmly announced that, in event the run was renewed they would have more than $7,000,000 in cash and would meet every demand. They said airplane was bringing $1,500,000. and that the rest of the money would be sent from Jacksonville by train. No other banks in the city were affected. W. H. Burwell, president of the Chamber of Commerce, attributed the "whole situation to outside influences, and not to any Intrinsic economic fault in the institutions or in the territory."
Cash by Rail.
E. C. Romfh, president of the First National, announced later that the Jacksonville Federal Reserve branch had vetoed the plan to send part of the cash by airplane but that part of the money would be dispatched by train tonight and the remainder tomorrow. "Though we won't need it." he added, haracterizing the run as temporary flurry attributable to the other closings, which will diminish as people see the lack of need for withdrawing their funds."
10.February 7, 1928The Evening NewsHarrisburg, PA
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TO MIAMI WHEN 3 BANKS CLOSE
United
MIAMI, Florida, Feb. than $5,000,000 was being brought into Miami today to assure depositors of the First National Bank of the security of that institution after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, ter the other banks had closed lowing heavy runs, but they were not serious. One million five hundred thousand dollars was brought my airplane from Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yesterday the runs on anonymous notes sent. to attacking the safety of the Southern Bank Trust Company. The notes were signed "Hiram' and authorities today searched for the man responsible for the notes. Other Runs Start When Southern Bank Trust Company failed to open doors there runs on the Citizens Bank of Miami and the Bank of Allapattah.
LETTERS CAUSE 'RUN' ON BANK
Associated
MIAMI, Fla., Feb. 6.-Anonymous letters predicting the failure of one bank caused that institution to suspend business here today, resulted indirectly in the temporary closing of two others and brought about a run on a fourth which called for $7,000,000 from the Federal Reserve branch bank in Jacksonville to bolster its cash The run, determined but orderly, started at noon on the First National Bank following announcement that Ernest Amos, State Comptroller, had taken charge of the affairs of the Southern Bank and Trust Company and ordered the Citizens Bank and the Bank of Allapattah temporarily closed. Explaining he had taken control at the Southern Bank and Trust Company at the instance of its officials because of withdrawals, caused by the circulation of the anonymous letters, Amos said he ordered the two other banks closed through fear they might not be able to weather possible runs. He made plea for "a cool and collected public spirit," declaring that the banks would have been able to remain open under normal conditions. Meanwhile the reverberation was felt in an unexpected quarter when the run quietly was begun at the First National. Until closing time the tellers were rapidly handing out money to every depositor demanding it while officials of the institution mingled with the crowd to spread encouragement. At no time was the lobby of the bank, holding about 250 persons, crowded beyond its capacity. Officials estimated that the day began with $1,750,000 cash and that only about $350,000 was paid out during the day. When the bank closed for the day's business at the regular closing time of 2 o'elock, officials calmly announced that, in event the run was renewed tomorrow, they would have more than $7,000,000 in cash and would meet every demand. They said an airplane was bringing $1,500,000 and that the rest of the money would be sent from Jacksonville by train. No other banks in the city were affected.
MILLIONS POUR INTO BANK FOR SHAKY PATRONS
Miami, Fla., Feb. than $5. 000,000 in cash was being brought into Miami today to assure depositors of the First National Bank of the se curity of that Institution after three other banks closed their doors yesterday. There was slight runs on the First National bank yesterday after the oth es banks had closed following heavy runs, but they were not serious. One million five hundred thousand dollars was brought by airplane from the Jacksonville Federal Reserve bank yesterday and the additional $5000, 000 was being brought by train today. The three banks that closed yesterday blamed the runs on anonymous notes sent to depositors attacking the safety the Southern Bank and Trust company. The notes were signed "Hiram" and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust company failed to open its doors there weer runs on the Citizens' Bank of Miami and the Bank of Allapatta.
13.February 7, 1928The Wichita BeaconWichita, KS
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Millions Speeded To End Bank Panic
MIAMI, FLA., Feb. Lummus. president, for its failure to banking situation calm here toopen yesterday. day in the knowledge that the messages had prein cash the vaults the First cipitated run on the to National and more than twice such an extent that he thought it that to arrive this morn- better ask Ernest state ing comptroller of banks, to take charge.
The First National bank suffered Shortly after assuming control. slightly heavy runs when three other Amos issued statement in which banks closed yesterday. creating he said he expected to have the nervous tension among depositors. Southern Bank Trust company in condition to reopen for business million and half dollars in 15. was rushed by airplane to the Closing of the Citizens bank of First National from the Miami and the of Allapattah branch of the Sixth District Federal of the Southern Bank Reserve bank to reassure depositors, and Trust open. Amos and H. C. Romfh. president of the said these banks could have institution $1,750,000 already was conducted under normal in the bank's vaults yesterday. conditions, not stand any The condition of the First National run which might as result the tense situation. The South Bank and Trust Company was capitalized at $100,000 last Saturday night had deposits of The Citizens Bank of Miami also was capitalized at $100,000 while its totalled $149,480, and the Bank of Allapattah had capital stock $115,000 and deposits of $110,000. estimated
14.February 7, 1928The Buffalo NewsBuffalo, NY
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BEING RUSHED BANKS
$1,500,000 En Route There by Plane Relief of Tense Situation.
MIAMI Fla Feb million in to relieve which veloped closed this morning Failure the Trust of the largest in open business caused runs on the Citizens Bank Miami and the Bank forcing them close was brought by to the First National Bank Miami Jacksonville branch Sixth National Bank Miami suffered slight runs the banks closed and the money being brought reassure positors president of the First National his institution had felt the situation no expecting another Tuesday morning. The had said and the two en will enable continue business president of the and Trust said letters attacking his bank had caused an expected on the which resulted failure open Ernest state took charge the Southern and Trust company Amos claimed failure open had caused on the bank and the Bank Allapattah which they not to withstand
UP. LOCKPORT Feb -Stanley Reed, planned start see the that age, got was picked up the street Monday William Nugent and sent to his home.
15.February 7, 1928Press of Atlantic CityAtlantic City, NJ
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Anonymous Letters Close Miami Bank
Results in Temporary Closing of Two Others and Run on Fourth
MIAMI, Feb. letters predicting failure bank caused that institution suspend business here today, resulted indirectly the temporary closing others brought run fourth. which called for the Federal Reserve branch bank Jacksonville bolster cash orderly, started noon the First National Ernest Amos, comptroller. had taken the Southern Bank and Trust ordered the Citizens' bank the Bank of Allapattah temporarily closed. Explaining had taken control at the Southern Bank and Trust pany at instance its officials caused by the circulation the Amos said ordered other banks closed through fear might able possible He for and lected declaring that banks would remain conditions. Continued on Page
16.February 7, 1928The Klamath NewsKlamath Falls, OR
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Rush Gold South By Plane To Aid Distressed Banks
MIAMI, Fla., Feb. 6. (UP) A million and a half dollars in cash was being rushed to Miami by airplane today to relieve a tense situation which developed when three banks closed this morning. Failure of the Southern Bank and Trust Company, one of the largest in the state. to open for business caused runs on the eitizens bank of Miami and the Bank of Allapattah which forced them to close a few hours later. The money was being brought by plane to the First National Bank of Miami from the Jacksonville branch of the Sixth district Federal Reserve bank. The First National bank of Miami suffered slight runs when the three banks closed and the money was being brought here to reassure depositors. E. Rofh, president of the First National, said his institution had felt no ill effects from the situation. Rofh said he was expecting another $5,500,000 to arrive by train Tuesday morning. The First National bank had on hand $1.750 in cash this morning. and Rofh said that the two shipments enroute here will enable it to continue business easily. Letters Responsible J. E. Lummus, president of the Southern Bank and Trust Company. said circulation of anonymous letters attacking his bank has caused an unexepected run on the institution which resulted in its failure to open. Ernest Amos, state comptroller. took-charge of the Southern Bank and Trust Company. Amos claimed its failure to open had caused runs on the Citizens bank and the Bank of Allapattah, which they were not able to withstand.
MIAMI POLICE HUNTING MYSTERIOUS NOTE WRITER Believe Anonymous Notes Caused Run or Bank-Situation is Easter Miami, Fla., Feb 2 (UP)-As police sought the mysterious note writer, who warned against depositing money in several Miami banks and thereby caused runs that forced them to close. other banks today reporte1 the tense financial situation had eased There were some withdrawals from the Bank of Biscayne but officials said that those were by "penny savers with small accounts and that their reserve was in excellent shape Officials of the First National Bank-who had more than six million dollars brought in from the federal reserve bank at Jacksonville --said their accounts were in excellent shape They said the crowd in the lobby yesterday was no greater than at any other day of a midseason rush and there probably would be no need of the additional cash brought in The Southern Bank and Trust Company had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition. Runs forced the Citizens Bank of Miami and the Bank of Allapattah to close All three institutions were taken over by the state banking department and the Southern Bank probably will be re-opened about March 15. State examiners said the Citizens Bank and the Bank of Allapattah were in good shape but in no condition to stand a run
18.February 8, 1928Republican and HeraldPottsville, PA
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THE FINANCIAL SCARE AT MIAMI HAS EASED UP
Miami, Fla., Feb. 8. (U.P)-As police sought the mysterious note writer who warned against depositing money in several Miami banks and thereby caused runs that forced three to close other banks today reported the tense financial situation had eased. There were some withdrawals from the Bank of Biscayne, but officials said these were by "penny savers with small accounts" and that their reserve was in excell nt shape Officials of the First National Bank had more than six million dollars brought in from the Federal Reserve Bank at Jaeksonville-said their accounts were in excellent shape They said the crowd in the lobby yes. terday was no greater than at any other day of mid-season rush and there probably would be no need of the additional cash brought in. The Southern Bank and Trust Company had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition Runs forced the Citizens Bank of Miami and the Bank of Allapattah to All three institutions were taken over by the State Banking Department and the Southern Bank probably will be reopened about March 15. The State Examiners said the Citizens Bank and the Bank of Allapattah were in good shape, but in no condition to stand run.
19.February 8, 1928The Brooklyn CitizenBrooklyn, NY
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RESERVES OF MIAMI BANKS EASE TENSION
Three Banks Forced to Close by Sudden Run Will Reopen
MIAMI, Fla., Feb. 8 (United Prese). police sought the mysterious note writer, who warned against depositing money in several Miami banks and thereby caused runs that forced three to close, other banks to-day reported the tense financial situation had eased. There were some withdrawals from the Bank of Biscayne but officials said that these were by "penny savers with small accounts and that their reserve was in excellent shape. Officials of the First National Bank who had more than six million dollars brought in from the Federal Reserve Bank at Jacksonville-sa their ac counts were in excellent shape They said the crowd in the lobby yesterday was no greater than at any other day of a mid-season rush and there probably would be no need of the additional cash brought in. The Southern Bank and Trust Com pany had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition. Runs forced the Citizens' Bank of Miami and the Bank of Allapattah to close. All three institutions were taken over by the State Benking Department. and the Southern Bank probably will be 10. opened about March 15. State exam iners said the Citizens' Bank and the Bank of Allapattah were in good shape. but in no condition to stand a run.
20.February 8, 1928The Brooklyn Daily TimesBrooklyn, NY
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BANKS IN FLORIDA WEATHER CRISIS
Police Seek Man Wrote Notes Closed Three Institutions. police sought mysterious writer. warned against money several Miami banks and thereby caused that forced them close, other banks today ported the tense financial situation There some from Bank Biscayne. but ficials that these were "penny with small and that their reserve shape Officials the First National brought in the Federal Reserve Bank at their accounts in excellent The Bank and Trust Company had closed Monday after notes signed "Hiram," had been passed warning of the bank's Runs forced Citizens Miami and Bank Allapattah close
BANKS
Heavy Runs Which Caused Temporary Suspension of Three Subsides
Fla., Complete confidence local bank: apparently was restored today lowing flurry excitement cident to temporary closing yesterday three the city's smaller financial attributed to circulation of anonymous Runs which began on several the larger noon day started subside during forenoon then died out gether By the orderly, ing lines depositors seeking withdraw their funds had disappeared, and million dollars the Federal Reserve brought from Bank to meet possibe continued heavy today was from several of the Reports fected banks the close of businoted increases in ness officials mean which that cash withdrawn during the excitement gradually was finding its way back banks time today were the lines depositors nearly long those during the height the rush yesterday
Wears Out "The thing wore itself out somebetween and 12 time said Romfh, president National Bank, which the First attracted the most determined run. "By closing time was just like other day. We've even quit any talking about now. From now limit ourselves to saying with James Gilman, president the Bank of Bay (Biscayne, the largest the city declared that the latter part of the business day nothing unusual, adding that feel was merely tem and that it done porary flurry These two institutions generally credited in financial circles with being among the strongest the Meanwhile, all three of the banks that were closed temporarily announced that plans progress for early re-opening, with State Comptroller Ernest Amos that none would have reiterating suspend had not been forced to been for anonymous letters writer of which still sought the the police. They are the Southern Bank and Trust Company, which suspended business after heavy withdrawals due circulation of the letters its failure, and the predicting Citizens Bank and the Bank Allapattah, which were ordered closed he comptroller because by fear that they might be position to possible heavy withdrawals due to the Southern suspension.
22.February 9, 1928The Sand Mountain BannerAlbertville, AL
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FLORIDA BANKS CLOSE BECAUSE OF FAKE TIPS'
Anonymous Letters Advise Depositors To Withdraw Funds
Miami, Feb. million dollars in cash will be sent to the First National bank from the Fedderal Reserve bank branch at Jacksonville by airplane and to pay depositors who wish to withdraw their funds, officials announced this afternoon following on the bank growing out of the closing of three other financial institutions this morning.
Miami, Fla., Feb. rary closing of three banks cause of circulation of anonymous letters advising depositors withdraw their funds from the Southern Bank Trust company today by run the First National bank. Taking charge of the of the Southern Bank & Trust company at the request of its officials, State Comptroller Amos had ordered the Citizens Bank and the Bank of Allapattah not to open in the belief that they might not be able to wihstand possible large withdrawals. At the same time the comptroller made plea to the public for "cool and collected spirit" serting that the public mains cool this ought to blow over." Noon, however, found determined run in progress the First National bank and the institution accommodated the orderly crowd as fast as gained the windows. Police were seeking the sender of the anonymous notes to which bank officials attributed responsibility for the heavy withdarwals. The Southern Bank Trust company capitalized at $100,000 and Saturday night had more than $5,000,000 in deposits. The Citizens bank was capitalized at $100,000 while the Allapattah institution had $15,000 capital.
