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Receiver for Texas Companies. Kirby Lumber Company and Houston Oil Company, the two largest companies in Texas, have been placed in charge of temporary receivers because $700,000 interest is not paid to the Maryland Trust Company. A brief run on the Houston National Bank savings department followed the ennouncement.
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Claims Are Filed With Dothan Bank Receiver -Depositors the Houston National Bank, which closed its doors for busiOct. have proving claims eral bank who is in charge of the Fifteen hundred persons, the majority whom lived here, were the which was 1905 by the Howell and James Young. John Sanders, Sr. had served president institution since Mr. Young's death several years ago. The bank was capitalized Deposits totaled and loans and discounts Mr Vann stated that collections due the bank are being made as fast sible that dividend would be paid as soon as the collections warranted. Piano manufacturers. recognizing public are ing instruments in several tones.
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FOR 60 National Receiver Told Every By Comptroller of Currency Not To Foreclose In That Time LIKE ACTION IN STATES OFFICIALS ASKED Loan Board Chairman Home Says Respite Will Means of Encouragement Aug. Fort of the Home Loan Chairman announced today ComptrolPole had orof the Currency national receiver dered every suspend foreclosure proceedings days. 'We are wiring every state supervising authority requesting like Chairman Fort said. tion,' see not only the want your help generally grant respite, receivers but that other lenders do likewise. would be shameful with relief for the courage and sight soon and women to be hope of our by taking away their extinguished homes and life John Vann, receiver the Houston National bank. and the Dothan Murray, receiver for said this afternoon National bank, they had not received instructions comptroller of the curfrom the suspend foreclosure prorency ceedings days, but said if the doubt would get port true they the instructions immediately. Orders from the comptroller for the holiday on foreclosures be sent to the receivers by would with more detailed infortelegraph, mation in circular letters later. Both the National bank receivers in Dothan. when told by reporter The Eagle of the news dispatch from Washington, said that the first they had heard of the suspension of foreclosure proceedings, but said they had no reason to doubt the source of Aug. President Hoover proposed spetion's business chieftains today he was convinced the nation had weathered its major cessfully nancial crisis' and asked that they assume the initiative in the responto restore labor and agrisibility culture to higher levels. President Hoover prroposed speeifically that credit be extended vital points and arrangements made by employer and employe for shorthours and wider distribution jobs. We convinced have overcome the major financial crisis and that with relaxation, confidence in the world,' hope have reappeared the president. What wish said the banking industry and for business generally cooperate and organize and develop every possible avenue for coordinated effort on the economic
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PAYROLL WITH CITY'S MONEY IN COLLAPSED BANK the city $38.000 on Although the Houston National deposit when and will Bank suspended business the 18 cent dividend, share in per thus obtained can not the money kind munibe used to meet any the $38,000 was cipal payroll, as officials said tofunds, city paving small amount monday. Only to the credit of on deposit fund when the the city's general and the divibank closed its doors amount will be just dend on that cash" to the city, "petty plained.
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BANKS TO First National Bank State National Bank South Texas Commercial National City Bank Trust Company Bank Jacinto Trust Company In obedience to the proclamation of the Governor of Texas declaring five-day moratorium, effective Friday, March 3, 1933, the undersigned banks of Houston will not be open for the transaction of any kind of business prior the of March morning unless some change is made in the governor's proclamation meanwhile. Houston National Bank Houston Land Company Union National Bank Harrisburg National Bank Second National Citizens State Bank National Bank of Commerce Guardian Trust Company