281b3f90Full suspension, Books examined
Other: Receiver appointed by State Corporation Commission after failure to open
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Bank Is Closed Va., Aug. 20 Bank of established 22 years ago, closed today on order of the State bank examiner. heavy run on the bank curred following rumors would close. The institution capitalzed at $25,000. Wndsor is in the heart of Virginia's peanut growing section.
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American Mining Engineer Killed Washington. 20 slaying Henry Schmidt, American mintwo persons at Travamine, Trinidad, Durango. reported to the State Department today American Consul Jackson Torreon, Mex. Schmidt's understood to be in Alameda, Calif. WINDSOR BANK CLOSED Windsor. Aug. 20 (United Press) Bank of established years closed its today on order the State heavy run the occurred following rumors would close. The institution capitalized $25,000. heart Virginia's section. COMMITS SUICIDE Aug. awakening his and seven children Henry W. Wainwright told them all goodbye, 'Where going?" Mrs. Wainwright just taken poison." he replied The instant fell dead. health and lack of employment were assigned as the reason.
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WINDSOR BANK CLOSED BY RUN President Babb Holds Out Hope Of Early Reopening Of Institution Following heavy run on Saturday the Bank of Windsor, at Windsor, Isle of Wight county, suspended business today while officers directors of the institution, which is capitalized at $25,000 and had deposits, prior to the run, of $112,000, with State Bank Examiconferred ner M. E. Bristow. "When you reopen?" the Ledtoday by telephone asked President W. Babb. be so said the "It banker, "If we can basis was at late work Saturday and though had made what now what will But can't say which caused the The run pension. said President Babb, was caused by rumors, which originated he did not know where, that some of the larger depositors were withdrawing their money. spread rapidly the Isle Wight peanut growers largely the clientele the institution long passed Saturday before positors cashier's wicket. Mr. Babb explained that the came at particularly time year most of bank's money, in the growers by loaned peanut the not repaid after crop is marketed in the peanut ter. Asked how much depositors withdrawn during the Saturday Babb said he could furnish Mr. haven't checked that closehe are that now. He added: close the bank protect Asked again If he expected the institution, which and years when, President Babb replied imcan't tell." mediately: President Babb said Windsor band had, through its long life, been successful. "There surplus and profits $9,000," he of between Leathers is and cashier the institution. Mr. Babb and the following comof directors: Frank the board John Cottin, Eley, Dean, Duck and Lee Saunders.
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Lynchburg Pair Windsor's Bank Hurt When Car Fails to Open; Is Overturned Examiner There Mr. and Mrs. E. F. Heck In- Temporary Closing Dejured When Car Strikes clared by Official to Be Rock on Road and Tips Result of Heavy Run The NORFOLK Aug The SOUTH BOSTON Bank of Windsor in of Wight Mr. Heck Lynch failed for business burg. were injured Decision to late yesterday an official the in the following Saturday riding turned over Examiner both out Mr the bank's today and bruises and held out instituhis back while may has Heck escaped deposits amounting to with Both rushed to the capital $25,000 Hospital for not thought that Heck's injuries are Orange Fair Association Mr. and Mrs Heck were returning from Durham descending the grade Riverdale the wheel of struck causing
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Receiver to Be Named For Bank of Windsor RICHMOND. Aug. 24.-The State Corporation Commission has just ordered the appointment of a receiver for the Bank of Windsor. which falled to open its doors Monfollowing run last Saturday. The bank first in this State to fail to open many months. was capitalized $25 000 and its deposits amounted to The exact the cause of closing of the bank has not been disclosed.
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WHITTLEY IS NAMED BANK'S RECEIVER Joseph Button. commissioner of insurance and banking. today appointed G. F. Whittley of Smithfield, reeiver for the Bank of Windsor Mr. Whitley is commonwealth attorney of Isle of Wight. the county in which the bank is Colonel Button appointed Mr. Whittley after the state corporation commission authorized him to name a receiver for the bank The commission's order stated that such action was necessary "for the protection of the public interests and of the depositors and creditors of the bank." Northeast of Arisaig, in the country ever associated with the landing and departure of Prince Charlie, lies Loch Morer It is the deepest lake in the British Isles.