2144. Central National Bank & Trust Company (St Petersburg, FL)

View Charter #7796 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
7796
Charter Number
7796
Start Date
June 10, 1930
Location
St Petersburg, Florida (27.771, -82.679)

Metadata

Model
gpt-5-mini
Short Digest
b9ca454857639bab

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health, Full suspension, Books examined

Other: Receiver takeover and liquidation proceedings followed the suspension; later negotiated settlements with the city and dividend distributions to depositors.

Receivership Details

Depositor recovery rate
52.4%
Date receivership started
1931-04-21
Date receivership terminated
1937-09-28
OCC cause of failure
Economic conditions
Share of assets assessed as good
28.8%
Share of assets assessed as doubtful
52.7%
Share of assets assessed as worthless
18.5%

Description

Articles describe a run on Central National in June 1930 after the First National/First Security failed; Central National met withdrawals then. The bank subsequently closed/suspended on April 17, 1931, a national bank examiner took charge and a receiver (A. M. Anderson) was appointed — the bank did not resume normal operations and was placed in receivership with dividends and liquidation proceedings thereafter. Event dates drawn from newspaper dates and explicit statements (run June 1930; suspension/closure April 17, 1931).

Events (7)
1. June 20, 1905 Chartered
Source
historical_nic
2. June 10, 1930 Run
Cause
Local Banks
Cause Details
Run triggered by closing of First National and First Security banks in St. Petersburg which caused depositors to seek funds from the remaining bank.
Measures
Met the demand; bank was backed by the Federal Reserve system, received cash shipments and announced it would open for business as usual the next day.
Newspaper Excerpt
Subsequently there was run on the remaining bank, the Central National Bank and Trust. Hundreds of persons crowded about the building seeking entrance so they could withdraw their money
Source
newspapers
3. April 17, 1931 Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals and failure to obtain credit; sudden loss of confidence and liquidity problems led to the bank's closing and takeover by the national bank examiner (receiver expected).
Newspaper Excerpt
Central National Bank & Trust Company which closed its doors at m. after being open for business yesterday just one hour and five minutes. The national bank examiner will remain in charge until the Comptroller of Currency appoints receiver for the closed bank.
Source
newspapers
4. April 18, 1931 Receivership
Newspaper Excerpt
G. HANCOCK, national bank examiner, arrived in St. Petersburg Friday afternoon to take charge of the affairs of the Central National Bank & Trust Company which closed its doors ... the national bank examiner will remain in charge until the Comptroller of Currency appoints receiver for the closed bank. A receiver will likely be speedily appointed as this is the custom in closed national banks.
Source
newspapers
5. April 21, 1931 Receivership
Source
historical_nic
6. June 2, 1931 Other
Newspaper Excerpt
First legal action against persons indebted Central National Bank Trust Co. was started Monday ... The receiver filed plaint in circuit court ... seeks to set aside transfers alleged to be frauds against the bank's creditors.
Source
newspapers
7. October 25, 1931 Other
Newspaper Excerpt
CENTRAL BANK FIRST — 25 Per Cent Is Ready for 6,500 Depositors, Anderson Says ... This the first dividend that has by the Central National bank, which suspended of April 17, 1931. This payment will be ultimately extended to more than 9,000 depositors.
Source
newspapers

Newspaper Articles (19)
1. July 18, 1929 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, July 18, 1929

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later formal statement SLIGHT FLURRY the which press in urged His follows: "St. Petersburg has always with. stood the effects any misfortune, AS RESULT OF financial or befalling institution institutions in other cities in the state, TAMPA CLOSING the fact the citizens of one city often alarmed Plenty of Money to Depositor, Bank Officials Declare reputation for stability and safety. (Continued from "Anyone has kept in touch tional Bank does not effect the local with the institution or hamper its operations banks can see glance that they any manner. are and able to pay In its statement the clearing house dollar for dollar their depositors, said: Clearing House Statement To the People Petersburg: The banks this city, being condition, not unmindful the present in certain particularly the situation several smaller which necessitated the closing of the Citizens Bank Trust company Tampa this said closing having ordered the directors the and the state banking department and protect the interests the depositors of that institution. The banks in this city, because the Tampa and the natfeeling of anxiety depositors might have locally, have issued orders withhold savings deposits for the being, asking the days' notice required. This does not affect for the business nor regular routine banking in any bank Petersburg. We feel explanation that the First National bank this city the affairs of the Citizens Bank Trust company Tampa due depositors the First bank this city. Although chairman of the board of the Citizens Bank Trust company Tampa chairman the board the First National bank of Petersburg, no financial nection two institutions. The First bank has only modets deposit in the Tampa bank. ST. PETERSBURG HOUSE By AVERY JOHN BROWN R. McCUTCHEON, JR. Excutive Committee Not only assurances of assistance, needed. but actual cash in large quantities poured Petersburg yesterday afternoon and last night. close proximity Tampa caused banks New York and Chicago to wire direct their respondent banks here, offering any financial help that might be required. With the cash which this morning, more than lion dollars currency have reached city within than hours. This cash is make possible for depositors their money quickly they feel they just can't wait they least bit disturbed over condiin nearby localities. Associated Press dispatches sent from night ried details of the Tampa bank uation also listed banks filiated with Bank Trust throughout the north no bank connected Tampa will reassure interests that Petersburg sound in its banking situation, felt in clearing house Officials of the Clearing House last night said they were confident the crisis had and appealed to the people to about business making their deposits writing the essary checks on their and above not listen to idle street corner but come and talk their bankers they felt any unThe sending of approximately $5,000,000 currency west coast section from the federal serve banks meet the needs their member banks the statement by Creed Taylor, deputy ernor of the federal reserve bank of Atlanta that "the federal reserve bank will enough money Tampa pay depositor of the First National and the Exchange National Bank, necessary," his added that "both banks sound" much encouragement to those first inclined be faint hearted. Mayor Arthur Thompson, earlier the day crowd people gathered Cenavenue, them that the financial institutions were fectly and danger, and urging all to go about their business,

2. June 10, 1930 Evening Star Washington, DC
Article from Evening Star, June 10, 1930

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BANK FAILURES TIE UP $4,500,000 DEPOSITS St. Petersburg, Fla., Has Only One Financial Institution Open, With Two Suspensions. By the Associated Press. ST. PETERSBURG, Fla., June 10.St. Petersburg was left with only one banking institution yesterday when two banks-the First National and Security -failed to open for business. Yesterday's failures tied up nearly $4,500,000 in deposits. The first National was capitalized at $1,000,000, with deposits of $4,160,000, and the First Security was capitalized at $50,000 and had deposits of $302,197. Unusually heavy withdrawals from the two banks during the past few weeks was given by directors as the cause of the closings. The First Security Bank was affiliated with the First National. The American Bank and the Ninth Street Bank recently failed here, leaving one operating out of a previous total of five. The bank which was still open yesterday, and which officers said would be open again today, is the Central National.

3. June 10, 1930 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 10, 1930

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Hundreds Throng Avenue, Watching Uneasy Patrons As 2 Banks Fail to Open The Sunshine City, June 1930. Dear Folks: Central avenue was crowded today, just as it at the peak of the tourist season. There was reason. The First National bank, oldest financial Institution. closed its doors last night pending reorganization or liquidation, and the First Security, branch of the First National, failed to open its doors this morning. Subsequently there was run on the remaining bank, the Central National Bank and Trust Hundreds of persons crowded about the building. seeking entrance so they could withdraw their money from their checking accounts and give notice on their savings accounts. The bank. backed by the Federal Reserve system. met the demand and announced that will open for business usual tomorrow. Plenty of Business More money, it believed. was in circulation here today than at any time since the Festival States celebration. Persons, fearing that the sole of St. Petersburg's six banks would close, paid many of their debts by check and bought many necessities. But the banks did not offer all the excitement here today. We had an automobile accident fatality and a suicide. Abe Nedley, an Apalachicola man. who was injured in an automobile crash out on avenue eral nights ago, died Sunday night. just few hours after the alleged driver of the car put in his appearance and arrested. He was freed today when the coroner's jury held the accident unavoidable went out to the scene of the accident that night. was driving along Ninth street north when an ambulance sped by. turned in behind it and took advantage of its siren to make hasty trip to the wreck, arriving there just few seconds the emergency car We found both badly wrecked and three the four the wreckage. On the way back to town we must as many 200 cars, all headed to the scene of the accident. It's marvelous how spreads. The suicide took place this afterand police are still investigating it.) Complete details will be in another section of The Times Tues- City Enthused The over Sun celebration to be held on June 19. Quite an interesting contest has developed among number of the most beautiful for the honor of being queen. Votes cost penny each To date Miss Hilma Golden leading the list. The celebration expected to be one of the most pretentious staged in commemoration of the city's 365 days of Summertime vacation days are here. but the youth of the city must still go to school. No sooner had the public schools ended their than the churches of the city the opening of BIble schools today. Quite number of local boys and girls enrolled for the four weeks' The high school graduation program was most last Friday night. In company with Ruth W. our school tended and saw 232 happy young men and young women get their diplomas. Some are going to college and others will enter immediately upon careers. St. Petersburg has another convention in the offing.. The Florida State Peace Officers association will meet here in 1931. Citizens are still being called upon to pay their back taxes and help the city meet its bond obligations. Beach parties, an occasional dance and a pienic every Thursday afternoon are few of the many enjoyments of my summer here. And, folks, lot of people who had planned to spend their vacations up north have decided to stay right here in St. Petersburg, enjoying its recreational facilities, its beaches and its unexcelled fishing. must close for this time. Yours, MA SUNSHINE

4. June 11, 1930 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 11, 1930

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POLICE FIND MISSING GUN, 1 SHOT FIRED Detectives Work Feverishly to Gather Clues and Evidence in Death of George W. Council EORGE W. COUNCIL'S .38 calibre pistol, missing night he burned to death in his south side bungalow, found Tuesday by the St. Petersburg police department. It contained five loaded cartridges and one empty lieved to have been fired as recently as 10 days ago whenathe badly charred remains of Council were dragged smouldering debris that had been his home. Where the gun was found how detectives located it could not CENTRAL'S RUN revealed Tuesday, detectives adopting crecy pending may land man in jail on echarge APPEARS OVER; of murder. Call State's Captain LINE DWINDLES who with his best spent the greatest part of 48 hours on the case, Tuesdres bight decided to send for State's Attorney Another Big Shipment of Cur- E. .Wilson. He will arrive'Ithis morning and steps will be takemosit rency Arrives by Armored is understood, to conduct an attophy over the remains of Council Truck During Morning buried the day following his death. There were many rumors current Run on the Central National Bank on the streets Tuesday afternoonsin and broken connection with the case. Tuesday the opinion of officers these rumors connected the of the after line that known citizen. who has been extended length of the build. recently much in the with ing had almost the nothing and stragglers inPolice Chief Noel in declining to vited hour for the closing answer by allowed to make said had been too such wild rumors going around alThe arrival Tuesday from ready Fire Home to Cover Crime Captain Lipphard was ticent and little could be learned from Chief of Police R. known that are looking into the theory that Council was ed killed and that home was fired up the crime. This theory comes out of testi(Continued on Page 2. Column

5. April 18, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, April 18, 1931

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Bank Examiner BODY OF MAN Takes Over Closed IS FOUND ON Central National MAXIMO ROAD Heavy Withdrawals and Failure to Get Credit Blamed; Other Banks Meet Rush of Crowds With Cash G. HANCOCK, national bank examiner, arrived in St. Pe. tersburg Friday afternoon to take eharge of the affairs of the Central National Bank & Trust Company which closed its doors at m. after being open for business yesterday just one hour and five minutes. The national bank examiner will remain in charge until the Comptroller of Currency appoints receiver for the closed bank. A receiver will likely be speedily appointed as this is the enstom in closed national banks. Closing of the Central National* Bank Trust which without to the general public and warning without excitecaused to quickly front of the institution gather in and at the other banks. There were withdrawals throughout the day Florida National Bank and the Union Trust company but officials of both institutions stated last night that no more than expected after the people had fered the shock of bank closing. Others Offer To Pay D. president of the FlorNational said his bank prepared to off every depositor pay the dollar and that the 100 cents on bank will promptly continue to pay nervous depositors Nat B. Brophy that bank with cash convertible into He note files small in He said money against the Central National Bank and company issued statement shortly after the directors Heavy the coupled sudden credit could extended decision officials In the paid off all money from (Continued on Page Column 2)

6. May 6, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, May 6, 1931

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Communications of suitable nature and proper newspaper interest are this the editor right decide and proper. They should be as brief as the subject preferably less 500 and the permit. address the writer an of good faith. Their mean any agreement the part of The Times with any statement or sentiment expressed in them. A JUST PROTEST Editor The Times: should like to voice protest, through your paper, against the unof foreing long line of people to for an hour to get to the safety deposit the Central National bank each time they need go. last week. am longer young. and felt much fatigued when reached the first time for to me up. asked if would be necessary to through this long line each time wanted get box. He replied in the affirmative. had to stand in line over an One man up and heard him say he would have to leave as he was feeling faint. One lady also but most of us felt we had to stick out. does not seem as though quired much business ability to vise way whereby after one found O. K. he could be given slip good for more than one day his marked with sticker, arrangement whereby after the first time could get to the box with only the usual formalities. We wish to make friends for St. Petersburg, but this policy of the receivers to me to have the opposite effect. WILLIAM T. WOOD. 526 Seventeenth avenue northeast May 1931. (This protest entirely war and well the last paragraph Washington, and not Petersburg, charge of national bank receiverships. The Editor). COMMU VS. CAPITALISM Editor The Times: Present all seem point to time these two will Before the World war we by our not that paring for years they did not and part in the had known much of Germany fairs did about again what is going on Russia today seems be the might lest driving for good or the today It is certainly stern reality with mission will undoubtedly be fulfilled. no doubt that this country would the stronghold capitalism communism were encompass the world. but the experience gained in the World war demonstrated the impossibility of the sort which would enguif all also erroneous to think that the development of Russia interest to future generations of Americans, but not the present generation. first ous clashes between communism and bourgeois will comparatively time. The relative of two opposing will the fortunes of recognition the adopt data developed in Russia important and if bourgeois tion learning the social and economic Soviet Russa then the Russian revolution will have been real contribution to human progress Russia today buys from our mass-production. and hires our engineers, and no forced unemployment, this to their great advantage Why, when the originators of production and have our and are not obliged to buy hire import either of them from some foreign country? Why do have to have millions of our people out of employment, when we ourselves furnish the means of employment to Soviet Rus- Our greatest need today is honest men. common to attribute most of the world's sorrow and suffering to ignorance and stupidity. The theory that if all people were and blessed with sound sense everybody would be able to make money and would realize that folly and crime return more loss than profit. That has plausible sound but little observation will reveal the fact that the solution of great problems prevented by the dishonesty of men who are neither ignorant nor stupid. Great matters that determine the woe of the world are in the hands of who value money and power than they value right and men by selfish think honestly nor act hohestly choose the that the greatest profit and then invent ethics, and moral to justify They deliberately set about themselves right. In the end they in fooling so nearly that they can wrong clear conscience and retain their self long as they refuse to examine their If every educated and intelligent man should turn today and and act in complete good sincerity without great problem that now baffles the earth could be on the Men support wrong there is profit When they cannot find the right way points one direction and profit in JOHN C. HERMANN. 215 Sixth Avenue North. DOG OBITI ARIES great explorer mourns dog: "Igloo" his name. I. too, have little dog. cur, by fame While "Igloo" smiled and gave his And sailed stormy sea, My little sat by the fire And wagged his tall at me. They both had missions here, you Still after all is said It matters not, this great world. That both these dogs are dead. But the masters Do you think could forget The little paw and wagging tall Of those two faithful peta? In my Dog-ol-o-gy I've found Which there'll be place in For dogs, like Byrd's and mine folks! may fail find place And and But the dog that his paw, Nor the that wagged his

7. June 2, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 2, 1931

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BANK RECEIVER TAKES ACTION AGAINST WOMAN Transfer of Property to Evade Payment Charged in Central Suit First legal action against persons indebted Central National Bank Trust Co. was started Monday Anderson, receiver the Central National and Na. tional The receiver filed plaint circuit court Clearwater against Agnes Dox. 1412 Seventh avenue and Allen DeVoll. Henry U. Stone. Parsley Stone. Inc., Blue Ridge Inc., and World Co., Inc. is alleged in the that Agnes Dox the Central tional Bank Trust Co. of tersburg the aggregate sum $26,000 through assumption certain promissory notes and that she, in anticipation of suit to cover against her, by warranty deed dated April conveyed to the defendant, Allyn who her 10 parcels of land Petersburg. that on the same date assigned to her grandson two mortgages which she held property located also conveyed to him three parcels of land in Ontario county. and all real estate which owned further they made for purpose of defrauding the the bank which came due May and that the defendant Henry U. Stone, practicing prepared the papers handled transaction for her. is also alleged that Henry Stone director officer of defendant and that the corporations afterwards and of certain of the from the defendant and that the whole plan was followed for the placing the of the that F could not procured for payment of the in. the receiver. It sought by the receiver have the alleged set aside and the made subject the payment of the indebtedness. The law firm of Arthur Thompgeneral counsel for the receiver. handling the

8. June 20, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 20, 1931

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BONDHOLDERS GIVEN RIGHT TO SUE CITY Judge Dissolves Injunction; Will Hear Motion Monday to Quash Mandamus Suit (Continued from Page feet." He contended that the committee of had no rights over other bondholders in interest payments. Rudy Replies Attorney L'Engle in his opening argument declared that should the court appoint received for the ministration of the financial affairs of the city, the result would be that the court would become the city finance you take charge and marshal fund,' said, take charge funds of the city true that the rights of all are equal but difigent than others. The bonds are all equal regardless of priority. L'Engle said the his firm did not claim the bank receiver they had been diligent and had the first to get payment on their bonds. was his that the policy "first first should be followed out in interest payments. Replying to L'Engle, Attorney Rudy declared the court that the "bill of complaint still before your honor. still before you in the same manner. discuss in south Florida language rather than in the manner which it been discussed. Attorney Rudy pointed out that there widows orphans were not able come the "highly favored" bondholders' mittee to bring suits in their behalf. After the court had asked whether the city had assets had exhausted its ability raise funds, Attorney Rudy pointed out should the bondholders allowed proceed with their mandamus, city would be flooded with suits which would drain the bond fund as was collected. have Rudy remarked, "that they do not desire be court They want get theirs They want back out and get money as quickly attorney explained that Anderson, receiver the First National and Central National banks. had approximately 33,000 accounts, representing of city bonds. marshaling of funds, he declared. did not that the court should the financial management the Attorney Rudy pointed out that when question trial courts restraining order should be tion should given the question of sustain the greater and that there any the the decision be the complainant. "The threatened last Friday The of your honor to continue the reAttorney gued, permit them to get their money and gone. What do they for bondholers? The court should not forget the of other good It should be that there are of other of afford to sert their rights. This not for alone for the people at large. Where there that bristles with equity?" During the Attorney Martin He expressed doubt his right to represent the city such but said he with of counsel both It was his contention that city should all bondholders alike. He said he came merely as spectator. his friends on the opposing counsel had shown him that more involved in the case than he had conceived. the multiplicity of Speaking Attorney Martin declared that

9. June 22, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 22, 1931

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COURT TO HEAR CITY'S MOTION TO QUASH SUIT Bondholders' Litigation Will Come Before Judge Hobson This Morning Arguments on a city motion to quash the mandamus action brought by group of New York bondholders to compel the municipality to pay interest on bonds in default will be heard in circuit court chambers here this morning by Judge T. Fank Hobson. Judge Hobson Friday dissolved temporary injunction restraining the city from paying further interest on bonds. The restraining order was grantd a week previous on application of A. M. Anderson, receiver for the First National bank and the Central National bank. Counsel representing the bank receiver indicated that Judge Hobson's decision would be appealed to the supreme court. The group of New York bondholders have possession of approximately one-fourth of the city's outstanding bonds, amounting to about $6,000,000.

10. August 8, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, August 8, 1931

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CITY AND BANK DEAL APPROVED BY COMPTROLLER Municipality to Settle First National Claim, Taking Own Bonds at Par J. W. Pole, comptroller of currency of the United States, gave his approval Friday to the agreement between the city council and A. M. Anderson, receiver for the First National and Central National banks, whereby the city will accept $83,000 in St. Petrsburg bonds at par and accrued interest plus $47.000 in cash. in return for the $130,000 the city had on deposit in the First National bank when it closed last year: The agreement between the city and the receiver was made last Monday at the regular meeting of the council after the proposition had been presented by Arthur R. Thompson. general counsel for the receiver. Prior to this the federal court in Tampa had ruled that the city should accept its bonds at par and plans had been made by the city to appeal the case to the district court. The new agreement will make it possible for early settlement to be made and also will make possible dividend of 10 per cent from the First Na. tional bank. The receiver expects to be able to announce the dividend within 10 days. It will represent $400.000 distributed among 11,000 depositors and in addition. there will be $100,000 in trust funds distributed.

11. October 25, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, October 25, 1931

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CENTRAL BANK FIRST 25 Per Cent Is Ready for 6,500 Depositors, Anderson Says (Continued from Page properly endorsed, the check can be cashed deposited at any bank otherwise negotiated. First Dividend This the first dividend that has by the Central National bank, which suspended of April 17, 1931. This payment will be ultimately extended to more than 9,000 Mr. Anderson pointed out that positors In this community are coming familiar with the procedure, dividends have been paid the First bank. He urged that and certificates be warded mail, convenient, will permit the same clerical force the payments at the disposal many hundreds depositors sooner than could be delivered people standing The payments to will without exception, mailed in order which they arrive by and perwho call the during office hours, 12 noon, will be waited on their Urges Public Patience The receiver said that effort will be made to place the dividend checks disposal the creditor rapidly possible. On account the large number payments be made, will necessary take few days, and is expected people will least reasonably patient in the matter. receiver large volume bills receivable yet to liquidate, and and controls large amount real estate, which will be liquidated rapidly possible as the best interests general which will cause further dividends, Due the fact that large numof depositors of the closed bank are the north, expected that made for the people return here for the winter. claims will be filed and sent in as the depositors the The receiver explained that while depositors may not think to get for few cents, he pointed that important that every payment be records the bank may avoid any litigation the future over amount deposits. Mr. Anderson said might be possible that mistake had been by the bank and that the depositor might have more money than shown on the receiver's certifiHe asks that all persons their dividend checks whether they be for one cent $10,000.

12. October 26, 1931 Orlando Evening Star Orlando, FL
Article from Orlando Evening Star, October 26, 1931

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Dividend Checks Are Ready for Distribution ST. PETERSBURG, Oct. checks for mately $400,000 per cent their the Central National Bank Trust Co., which last April, were ready today distribution to 6,500 deposiby M. Anderson, receiver. These depositors filed their claims prior September 29. Checks for those who filed later have been submitted for approval. When available the later checks will bring first dividend payment to

13. February 7, 1932 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, February 7, 1932

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JUDGE DAYTON RULES AGAINST BANK RECEIVER Final Decree for Defendants Returned Suit Brought by A. M. Anderson NO FIGURES ON COST General Mitchell said today reliable the cost of prohibition figures on enforcement. MAYOR WALKER ILL NEW YORK, Feb. Walker, suffering from Mayor cold has been troubweek, ling speak celled an of New York the estate and in his dinner tonight apartment. DUCE WILL MEET POPE VATICAN CITY, Feb. will meet Pope Premier for the first time next Pius to the Vatican on when he goes by way of formally visit of state the achieved by the church and state last summer. GOVERNOR GOES TO FAIR Feb. left here and Mrs. attend South today for Tampa now progress there. Florida fair The will joined by members of his cabinet Monday. WOMAN DIES IN MIAMI Final decree in favor of the Kate Feb. ordered Saturday by Circuit who came here sevF. 54, Judge Orvil the case eral years ago from M. of the owned operated where Central National Bank & Trust comstore, died today large Agnes Dox, widow, and pany, after long had been the others. since May 28, when the courts receiver filed creditor's against Allyn W. Parsley Agnes and Henry U. Stone, Stone, Inc., Receiver Arthur Thompson and Merle Rudy, the were represented by the law firm Lambdin Ramseur. In his original Anderson charged that Mrs. Dox entered fraudulent and conspiracy with her Henry U. Stone, under the advice of of the for the purpose bank. He further that Agnes indebted the Central NaDox tional bank virtue of deed which clause been made to Fenton whereby she herself assume the had obligated payment of and that called upon Henry Stone, had the local practicing matter: that Henry advise the behandled and assisted Mrs. tween the parties defraud the Dox National and Central the conspiracy that by reaparty his confidential and son the information derived RASKOB NOT INTERESTED he had about entered further with BOCA RATON. Feb. into for the enriching John Raskob property in the campaign himself the corporations, he said here today sections of the which under way country divert Democratic presi- Fraud Charges Denied Gov. Frank- Mrs. Dox made defense to the dential sentiment no York. but Stone filed lin D. Roosevelt of New bill. the charges of fraud URUGUAY FEARS REVOLT and denying the vaand conspiracy MONTEVIDEO, Uruguay, Feb. (Continued Page 2. Column which has revolution for without heard that was tonight precautions against and took made in outbreak while merry annual carnival. GRANDI URGES PEACE NEW YORK, Feb. brought any naarms never tion and security, Dino peace urged in Italian foreign Geneva today from that the world disarmament conferattack its problem from "common viewpoint. OIL MAN ENDS LIFE ROCHELLE, Y., Feb. NEW Weller, of whose in the oil years had been spent suicide friends and busiing today while his final plans for associates made dinner honoring him testimonial BANK Feb. against the owner of half the closed City Na. stock of the capital filed federal tional bank. Morris court here today Harry to force payment in an attempt

14. February 19, 1932 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, February 19, 1932

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LEGAL NOTICE FINAL NOTICE IN THE COURT OF THE COUNTY STATE OF FLORIDA IN PROBATE In the Estate of: Lina Bronson, FINAL NOTICE Notice is hereby given that the unthe sixteenth day of April, A. 932. Judge of Pinellas account as Executor of the Estate Lina right deceased, said then and make to the Judge for of administrat of estate, and for an order dischargme Dated 12th day of February, A. D. 1932. M. As Receiver of Central National Trust of the Company, Estate of Lina Wright NOTICE TO THE OF THE ST. PETERSBURG BOND MORTGAGE COMPANY, IN NO. 12, to that may in the and ferred to the accounts filed by the Central Bank and Company of St. and its receiver, trustees, in the acts and of the Central tional of and its such trustees, and to the public at large: Greeting: and each of you are hereby notified that on the 27th day A. the United for the Southern District of Florida, in Chambers at Tampa, Florida, the : Judge of said will pass upon the counts and filed this Court by the National Bank Trust Company of St. and M. as Receiver said bank as the said No. 12, the bonds issued by the St. Petersburg and Mortgage Company, and the objections are said accounts and said counts of the said bank and its is that the said its Receiv fully advised and the named date. whether or not any or are the said and and ma writing and be formally filed or contests are filed this by the this will then pass the accounts, upon approval of all be forever barred or opening up or for the and the Bank of St. Petersburg as Receiver thereof. and the said bank. shall released and discharged from the claims of any perfirms or and any all ested the transferred to the funds and profits by this DONE AND ORDERED at Tampa, Florida. this 28th day January, A. 1932. ALEXANDER AKERMAN United District Judge.

15. May 22, 1932 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, May 22, 1932

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WILL SHARE IN BANK DIVIDENDS Approximately $538,000 will be in St. Petersburg within the next six weeks with the ment 12½ per cent dividend the general creditors the Central National Bank Trust Co., and dividend per creditors of the First National Depositors of the Central Na. tional Trust receive approximately $248,000 within days, while about 45 days approximately $290,000 will be made available deposiFirst National bank. total about 18,500 dividend released the two banks, approximately 11,000 by the First bank and about 7,500 by the Central tional Bank and Trust Co.

16. August 28, 1932 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, August 28, 1932

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AGED MAN DIES PAUPER, HAD FORTUNE G. W. Clark Carrier Riches In Coat But Depended On Neighbors for Food The story of 76-year-old man who carried with him, sewed the linings of his clothing. fortune in cash and securities but who died pleading pauper was revealed here Saturday. Living alone in "shack" at Tenth avenue south and depending his neighbors for food, George W Clark requested admittance to Mound Park hospital as charity patient Aug. and died short time later, was learned. Among his effects hospital authorities found cash, stocks and bonds of an unknown amount. Now appraisers are checking on the aged man's determine his actual worth and efforts are being made locate all his immediate kinsmen. Two brothers have been found, one West Haven, Conn., and another Toronto, Can. Clark said have lived Flor. ida for the past 20 years, and most of that time spent in St. Petersburg, persons familiar with the case He came here from Canada. The Endicott Funeral home given charge of the body when Clark and relatives north quested the aged recluse be buried On Aug. the body terred in Royal Palm cemetery Later the case was placed before County Judge Harry Hewitt, named M. Endicott curator for the estate, with Wilson and Bogue attorneys. Although the exact value Clark's estate has not been determined, was estimated that "good times" was worth $50.000 and $100,000 in cash and securities, and "played the stock market regularly," those close to the case said. Investigation revealed that Clark lost approximately in the closing of the First National bank and the defunct Central National bank. He had $500 monthly annuity from Bogue, one of the attorneys the In addition he had stock certificates several leading motor sues totaling thousands dollars, with an unestimated amount of bonds. Bogue placed the man's wealth his tween $15,000 and $20,000, in stocks and bonds on the present day market. Bogue said that an investigation at the man's "shack" after his death revealed evidence that he had been hoarding his little fortune his large needle was found. The two brothers located were John Clark, West Haven, Conn., and Thomas Toronto.

17. November 2, 1932 Orlando Evening Star Orlando, FL
Article from Orlando Evening Star, November 2, 1932

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FEDERAL RESERVE MUST PAY CHECKS Judge Alexander Akerman ruled today that who sent $75,000 worth checks Central National bank St. Petersburg the Federal Reserve bank of Atlanta for collection were entitled money. denied petition by reserve officials rehearing suit filed against derson, receiver for the Petersburg bank.

18. April 15, 1933 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, April 15, 1933

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RECEIVER HERE OFFERS REPORT FOR TWO BANKS First and Central Nationals Still Have $5,580,054 Outstanding Uncollected assets of the closed First National bank and the Central National Bank & Trust company totaled $5,580,054.86 on March 31. according to quarterly statements made public Friday by L. M. Dakin, federal receiver for both banks. The First National bank suspended business June 7, 1980. and the Central National Bank & Trust company closed April 17, 1931. The statement of the First National shows uncollected assets amounting to $3,618,724.53, including uncollected stock assessments of $291,099.92, in total of $7,676,811.25 assets accounted for The book value of assets at the time of suspension was $6,277 to which was added the 100 per cent stock assessment of $600,000 and additional assets of $799,610.82 acquired since suspension. First National Status Total cash collected from assets and stock assessments, including $302,628.01 from the latter item, amounts to $2,816,825.6 Offsets allowed on assets totalled $478,358.20. while losses charged off amount to $762,902.90 including $6,272.07 on stock assessments. Total liabilities of the First Na. tional bank March 31 were $5,426.711.57, and included $7,533,473.82 in secured and $3,732,951.04 in unsecured liabilities June 7. 1930, and $160,286.71 in additional liabilities since established. In the account of total liabilities, those secured and preferred paid in cash amounted to $1,448,281 59, while the unsecured liabilities offset totals $365,529 the secured liabilities offset. $115,698.86; the unsecured liabilities for which receiver's certificates have been issued to $3,379,845.58; the unpaid secured liabilities, both proved and unproved $37,364 and unsecured liabilities not paid or proved, Total collections accounted for amount to $1,554,457.80. Central National Figures The report on the Central National Bank & Trust Co., shows: Remaining uncollected assets of in uncollected stock assessments, among a total of $3,834,832.10 assets accounted for. The book value of assets of that bank at the date of suspension were $3,126,111.42, the statement shows, with an addition of $300,000 for 100 per cent stock assessments and $408,720.68 in assets acquired since suspension. In the account of collections, a total of $1,393,830.37 is set up. inclusive of $152,018.00 from stock assessment. Offsets were allowed on assets in the sum of $304,439.67, while losses charged off included $170,260.86 on assets and $4,870.56 on stock assessments. Total liabilities March 31 of $2.788,809.42 included: secured liabilities at the date of suspension of

19. March 6, 1934 The Miami News Miami, FL
Article from The Miami News, March 6, 1934

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FLORIDA COURT RULING ON BANK CASE IS UPHELD Holders of Checks on St. Petersburg Institution Win Suit NEW ORLEANS. March The United States fifth circuit court of appeals, ruling that difference of 16 minutes not the deciding was issue, has affirmed a decision of the southern district of Florida federal court directing the Federal Reserve bank of Atlanta to turn over $75,080 to holders of checks originally drawn on the Central National Bank and Trust Co. of St. April 15, 1931. Receivers of the defunct Central National Bank and Trust Co., brought the suit against the reserve bank. On April 15, 1931, the Central Na tional bank honored the checks and mailed a draft on its reserve account held by the Atlanta branch reserve bank at Jacksonville On April at 10:52 a. m. the Central Bank and Trust Co. closed The branch of the Federal Reserve bank at Jacksonville did not report the $75,080 drafts to the main office in Atlanta until 11:08 a. The bank receiver, named in the suit as A. M. Anderson, claimed the $75,080 should not be deducted from the bank's reserve fund because the Jacksonville reserve branch had not reported the drafts until after the bank had closed. think that under the facts of the present case at the time the St. Peterburg bank ascertained its insolvency and closed its doors the reserve bank had come to owe the amount of the draft to the checkholders and not to that bank," the court decided.