2310. Bank of Dania (Dania, FL)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
July 2, 1926
Location
Dania, Florida

Metadata

Model
gpt-5-mini
Short Digest
8611c6d6

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health, Full suspension

Description

Multiple contemporaneous reports (July 2–3, 1926) state the Bank of Dania suffered a run and closed its doors/ceased operations shortly before noon after heavy withdrawals. Papers report the run was influenced by earlier closings/runs at nearby suburban Miami banks and cite outside control and loans on outside paper as causes. Several articles quote the bank president saying a readjustment would be made so the bank could reopen shortly, but no article here confirms an actual reopening. Classified as run → suspension with reopening uncertain.

Events (2)

1. July 2, 1926 Run
Cause
Local Banks
Cause Details
Run was triggered by news of recent closings and runs at nearby suburban Miami banks (Little River, Coconut Grove, Buena Vista); contagion from local bank failures and 'outside control' loans on outside paper.
Measures
President announced a readjustment would be made to enable reopening; contemporaneous reports note other banks sent funds to shore up runs (armored car deliveries mentioned for nearby Hollywood bank).
Newspaper Excerpt
patrons of the bank, probably influenced by the situation at Little River ... thronged the bank quarters to withdraw their deposits
Source
newspapers
2. July 2, 1926 Suspension
Cause
Local Banks
Cause Details
Bank ceased operations after the heavy withdrawals precipitated by runs/closures at neighboring suburban Miami banks; press attributed embarrassment to outside control and loans on outside paper.
Newspaper Excerpt
The bank of Dania closed shortly before noon today, following heavy withdrawals by depositors.
Source
newspapers

Newspaper Articles (15)

Article from Brownsville Herald, July 2, 1926

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FOUR FLORIDA BANKS CLOSED HOLLYWOOD, Fla., July 2 (AP)The bank of Dania closed shortly before ,noon today, following heavy withdrawals by depositors. I. T. Parker, vice president, announced a readjustment would be made immediately will enable the bank to re-open shortly. MIAMI, Fla., July 2.-Three - financial institutions in Miami suburbs, the Bank of Cocoanut Grove, the Bank of Buena Vista, and the Bank of Little River, suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension activities.


Article from The Miami News, July 2, 1926

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ing that the bank had satisfied every demand made upon it, and that its cash reserve was adequate to meet the situation. Beginning at 11 a. m., patrons of the bank, probably influenced by the situation at Little River, where the community bank was forced to close its doors this morning following run, thronged the bank quarters to withdraw their deposits. While the run was at its height, J. W. Young, owner and developer made brief speech in which he assured patrons that the bank was prepared to meet its obligations and asking that they evidence their confidence in the institution by refusing to make further withdrawals. Large sums of currency are said to have been rushed to the Hollywood bank in an armored car from Miami and when the run subsided shortly after noon, bank officials said they had more than enough cash reserve to satisfy every depositor. I. T. Parker, president of the Bank of Dania, at noon today, following run which influenced the bank to close its doors before noon, that a readjustment would be made immediately that will enable the Dania bank to reopen shortly and meet all its obligations.


Article from The State Journal, July 3, 1926

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THREE BANKS CLOSE DOORS Action Taken to Protect Stockholders and Depositors MIAMI, Fla., July 2 (By A. Three local banks suspended operations, a financial institution at Dania closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank of Beuna Vista failed to open for business and the Bank of Little River, after a run of an hour's duration, closed its doors. The Bank of Dania, a short distance from Miami, suffered a similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Hollywood, also a short distance north of this city in Brow. county, withstood a brief run. The Bank of Beuna Vista and the Bank of Coconut Grove, allied institutions, made the following separate an nouncements: "The bank has decided to suspend operations for the present and will. therefore, not open for business today. It is actuated in this course by a desire to conserve its resources and to protect its depositors to the fullest extent. Local citizens now are working on a plan, and will announce the details in a few days, to organize locally controlled institution for liquidation and to relieve the situation." The Bank of Beuna Vista opened on October 19, 1920, with a capital stock of $15,000, which has been raised subsequently to $50,000. In July, 1925, when deposits totalled $1,500,000, the bank started work on a $100,000 building. The officers included R. Anthony, of Jacksonville, president, and John L. Grife, vice president. Officials declined to announce present deposits for either The Bank of Coconut Grove opened (Continued on Page Four.)


Article from Kansas City Journal, July 3, 1926

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4 FLORIDA BANKS CLOSE AFTER RUN 3 Miami Institutions Close Doors; Another Weathers Raid. MIAMI, FLA., July 2.-A. P.)Three Miami banks suspended operations, a financial institution in Dania closed its doors and bank weathered a heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank of Buena Vista failed to open for business and the Bank of Little River closed after a run of an hour's duration. The Bank of Dania, a short distance form Miami, suffered a similar withdrawal of funds and ceased operations before noon. At the same time the Bank of Hollywood, also short distance north of this city in Broward county, withstood a brief run. The run on the Bank of Hollywood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks. The run subsided shortly after noon when officers received funds sufficient to cover every deposit. George Romfh, president of the Miami Clearing House Association, in commen on the suspension of three suburban banks, declared outside control and loans on outside paper were responsible.


Article from The Paducah Sun, July 3, 1926

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CONGRESS MAY ADJOURN TODAY TO IN Owensboro Man Overcome Way Cleared In Both Houses For Ending Of Sixty- By Heat And Paralysis May Die Ninth Session Associated Press Unless Washington, there an unexpected hitch in the plans of leaders, first session of the sixty-ninth congress will end tomorrow. A resolution providing for sine die adjournment was adopted today by the House and immediately transmitted to the Senate. There, however, it referred to the appropriation committee instead of being put to vote but leaders said this was simply formality and that the proposal would ceive Senate approval well in advance the hour fixed for the get-away. The way for House action the resolution was cleared when agreement was reached on points in the $50,000,000 final deficiency bill which carries funds, among other things, for the start of construction this summer on number of postoffices and other government buildings. Take Standing Vote Immediately after the measure had been sent on its way to the White House, the adjournment resolution was adopted with chorus of and scattered but Representative RankDemocrat, Mississippi, demandstanding vote. This showed 199 members favoring adjournment, and 29 opposed, but the let it at that and made ponents go force roll call, no attempt which would have put members record. Although the Senate ferred action on the resolution, members of both houses took for that the session would granted close tomorrow, and many, anxious get home before the Fourth July and to avoid the heat Washington, had started on their way tonight. The House vote on showed scarcely the floor although leadquorum ers said that greater number have to roll would responded call. The senate completed action the measure to increase the pensions of Civil and Mexican war veterans and their dependents, to the president, and sending other bills, two passed, among House proposals designed to curb patronage evils. It also received long list of nominations from President Coolduring the day signed idge who the Cooperative Marketing bill, the only farm relief proposal to of this congressional approval and the measure liberalizsession, The heat wave which struck Kentucky yesterday blistered Paducah with scorching temperature that reached 104 degrees in the shade the afternoon. Rain promduring ised by the weatherman to cool the atmosphere did not materialize and Paducahans last night went uncomfortable. Heat Victim May Die. The Ky. John Robertson, 67, suffered heat prostration today, which was followed paralytic stroke, and his life dispaired of. The temperature reached degrees in Owensboro today, three degrees above yesterday. at Louisville. do think the depositors will lose The Press Louisville, July KenHe intimated his intention of eftuckians sweltered today as the fecting an early mercury soared to new season's At the opening hour crowd high marks at various points awaited to the Little river throughout the state, reaching the bank and within an hour the century mark at one or two points. The maximum here for that day ber had increased for making with98 by the drawals. Two squadrons of degrees government reading. At Paducah dispatched to prevent disorthe thermometer climbed to the der, and an armored truck bearing height of 104, and the official funds from downtown banks was dizzy government reading sent. reached Lexington reported President Parker, of the degrees for season's record. Bank of Dania, announced immed- Rain Cools Princeton. ment would be made that would Princeton, Ky., July (Spe- enable the bank to re-open shortcial.) After sweltering under an and meet all obligations. excessive torrid wave for three Hollywood Bank Recovers days in which the temperature The run on the bank of Hollyrecorded by the official government wood was precipitated after receipts thermometer reached the high mark of news of the previous bank closof 99 degrees this afternoon. Temings, but was met through the porary relief was afforded early toceipt of funds from Miami banks. night by copious rain. The run subsided shortly after The total rainfall was one and noon when officers found funds inches, which only lacked quarter sufficient to cover every deposit. one-twentieth of an inch of equaling President George Romfh of the the total rainfall for the whole Miami Clearing House association last month. upon the suspension The rain was of untold benefit to three suburban banks, declared gardens and vegetagrowing crops, that outside control and loans tion. brisk wind preceded the outside paper solely were responrain, damaging shade trees considsible for the erably by twisting and breaking the "The banks of Miami today limbs causing considerable concircuit in the elec- impregnable position" Clark fusion. short the Davis, president of the City Nationtrical current plunged minutes, Bank and Trust company, tota] darkness occa- "Each of the downtown banks and added sioned by the rain and wind. today operating entirely


Article from The Morning News, July 3, 1926

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FLORIDA BANKS CLOSE. ONE WEATHERS BRIEF RUN All Institutions Sends Three banks opera. tions, institution Danda its and Holly. bank weathered heavy withdrawal today Bank Grove and the Buena Vista failed to and the Bank of Little closed after run of an The bank of Dania. short dissimilar of funds and ceased before At the time the Bank of Holly. this County with stood The Bank of Buena stock of $50,000: the Bank of Coconut Grove The on the Bank of Holly wood precipitated after receipt of news of the other bank closings, through receipt funds Miami banks The run subsided shortly after noon


Article from The Greenville News, July 3, 1926

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Three Banks Of Miami Close As Result Of Runs Hollywood Institution Withstands Run-Declared In Good Condition. DEPOSITORS NOT TO LOSE July suspended local financial institution at Dania clos. ed its doors and Hollywood bank weathered heavy withdrawal of funds today. The Bank of Cocoanut Grove, and the Bank of Buena failed open for the Bank of Little River run of an hour. The Bank of Dania. short distance from suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Holls wood. also short distance north of this city. withstood a brief run. MAKE STATEMENTS The Bank of Buena the Bank of Cocoanut allied institutions. made the following sep. arate "The banks has decided to suspend operations for the present and will therefore, open for business today It is actuated in this cause by desire its and to protect its depositors to the fullest extent. Local citizens now are working plan and announce the details few days to organize locally controlled Institution for speedy liquidation and to relieve the The Bank of Buena Vista opened October 1920. with capital stock of which had been raised to ADVISABLE STEP The Bank of Cocoanut Grove opened in March 1920. with $15,000 capital. On Mach 10. the bank announced capitalization of 000 and deposits totalling The Bank Little through President B. C. Teed announced "In the circumstances we felt it advisable and desirable to suspend operations for the present. The bank is sound and in good shape. We in excess of $200,000 in cash in our vaults and reserve greater than 40 per cent. do not think the depositors will lose a dollar.


Article from Asheville Citizen-Times, July 3, 1926

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THREE BANKS SUSPEND Hollywood Bank Weathers Heavy Withdrawal Of Funds MIAMI July banks suspended operations financial institution Dania closed Its doors and Hollywood bank heavy drawal of funds today The of Grove the Bank of Buena failed to for and the Bank of after of an bank Miami. similar with of and ceased operations shortly before noon the same time. Bank Holly also short north of this brief The Bank of Buena Vista and the made the following "The bank has decided to for present and will therefore, not business today. It actuated in this cause by desire to and depositors the Local plan and will the tails in few organize locally for speedy liquidation and to relieve the The of Buena Vista opened capital of $15,000 raised $50,000. Officials declined present deposits for either The Bank Cocanut Grove opened in March 1920 $15.On March 10. the of $30,000 and totalling Bank Little River, through President B. Teed announced: we feel it advisable and desirable suspend operations for the present. The bank is and We of cash in vaults and 40 per do not think the depositors will dollar. He intimated his intention of effecting an President Parker of the of Dania, announced Immediately that adjustment be made that would enable the to reopen shortly and meet all The run on the Bank of Hollywood precipitated after reecipt of funds from Miami banks The run shortly after noon they had funds sufficient to cover George Romfh of the Miami Clearing House in commenting on the suspension of three suburban banks, declared that and loan. on sible for the embarrassment.


Article from Marysville Journal-Tribune, July 3, 1926

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FLORIDA BANKS CLOSED DOORS MIAMI, Fla., July 3.-The Bank of Coconut Grove and the Bank of Buena Vista failed to open for business here yesterday and the Bank of Little River closed after an hour's "run on the bank". The Bank of Dania, a short distance from Miami, ceased operations in the morning af ter "run" on it. The Bank of HolCocoanut Grove and the Bank of heavy "run."


Article from The Journal News, July 3, 1926

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DOORS CLOSED BY FOUR BANKS OF MIAMI, FLA. "Outside Control," Said To Have Been Cause Of "Embarrassment." MIAMI, FLA., July 3-(AP) Three local banks suspended operations, financial institution nt Dania closed its doors and a Hollywood bank weathered & heavy withdrawal of funds Friday The Bank of Cocoanut Grove and the Bank of Buena Vista failed to open for business and the Bank of Little River closed after run of an hour. The Bank of Dania, a short distance from Miami, suffered a simi lar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Holly wood, also a short distance north 0: this city in Broward County, withstood a brief run. The bank of Buena Vista opened on October 19, 1920, with capital stock of $15,000, which had been raised to $50,000 The officers in clude J. R. Anthony, of Jacksonville, President, and John Grife, Vice. Presndent Officials declined to an. nounce the present deposits for either institution The bank of Cocoanut Grove opened in March, 1920, with $15,000 cap: tal. On March 10 the bank announced capitalization of $80,000 and deposits totaling $1,605,977 J. R. Ar.theny headed the Board of Directors with A. W. Sanders as President President 1. T. Parker of the Donia, announced immediately after closing that a readjustment would be made that would enable the bank to reopen shrortly and meet all obli gations. The run on bank of Hollywood was precipitated after receipt of news of the previous bank closings. but W18 met through the receipts of funds from Miami banks NO ISSUE OF THE DAILY NEWS MONDAY Monday being Independence Day. there will be no issue of The Daily News.


Article from The Tribune, July 3, 1926

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Lawmakers In Holiday Rush As Congress Takes Breath DJOURNMENT BY 3 O'CLOCK TODAY FIXED Unexpected Can Mar tain In Schate 50,000,000 FINAL SUPPLY BILL C. K'D enate Passes Dill Radio Control Bill-Coolidge Signs Farm Measure WASHINGTON, July 2 (A. P.)nless there is an unexpected hitch the plans of leaders, the first ses. of the Sixty-ninth Congress will tomorrow. resolution providing for sine die djournment was adopted day by the House and immediately was referred to the approvote, but leaders said this simply formality and that the roposal would Senate approval in advance of the hour fixed for getaway The way for House action on the esolution was cleared when an greement was reached on all points $50,000,000 final deficiency bill hich carries funds, among other hings, for the start of construction Summer on number of post ofand buildings Immediately after the measure had sent on its way to the White Touse. the adjournment resolution adopted with chorus of 'ayes" scattered "nays," Representahanded standing vote. This showed but the oppon nts let 50"nt that and made no attempts to roll call. which would have put on though the Senate deferred action resolution, members of both the took it for granted that the anxious to get home before the of July and to avoid the heat had started on their tonight. The House vote on adburnment showed scarcely quorum floor although leaders said that greater number would have respondroll call. The Senate passed the bill for conradio by an independent comas substitute for the House to vest such authority in the Department This action the question into conference. leaders doubtful whether an greement could be reached before adDuring the day the President signed co-operative marketing bill and the easure liberalizing provisions of the orld War veterans act. CLOSE THEIR DOORS (Continued from Page One) excess of $200,000 In cash in our vaults and a reserve greater than 40 per cent. do not think the depositors will lose dollar. He Intimated his Intention of effecting an early reorganization. President I. T. Parker, of the Bank of Dania. announced immediately after closing that readjustment would be made that would enable the bank to reopen shortly and meet all obligations. The run on the Bank of Hellywood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks. The run subsideed shortly after noon when officers found funds sufficient to cover every deposit. President George Romfph of the Miami Clearing House Association in commenting on the suspension three suburban banks, declared that outside control and loans on outside paper solely were.responsible for the embarrassment.


Article from The Evening Sun, July 3, 1926

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HAPPA BANKS VING TROUBLE BID IS Miami Institutions Susand Operations Another At Dania Closes Its Doors— Carwithdrawal By Another Miami, Fla., July (AP) Three local banks suspended operations, financial institution at Dania closed its doors and Hollywood bank weathered heavy withdrawal of funds yesterday. The Back of Coconut Grove, and the Bank of Buena Vista failed to open for business and the Bank Little River after an hour's duration The Bank of short from Miami withdrawal of suffered funds and ceased operations shortly before noon. At the same time the Bank of Hollywood also short distance north of this city in Broward county, withstood a brief run. The Bank of Buena Vista and the Bank of Coconut Grove allied institutions, made the ollowing separate announcements: "The bank has decided to suspend operations for the present and will, therefore, not open for business today. It is actuated in this cause by desire to conserve its resources and to protect its depositors to the fullest extent. Local citizens are now working on plan and will announce the details in a few days to organize locally controlled institution for speedy liquidation and to relieve the sit. The Bank of Buena Vista opened on October 19, 1920, with capital stock of $15,000 which has been raised $50,000, The officers include J. R. Anthony heading the board of directors with A, W. Sanders as president, The Bank of Little River, through President B. C. Teed announced "In the circumstances we feel advisable and desirable to suspend operations for the present. The bank is sound and good shape. We have in excess of $200,000 cash in our vaults and reserve greater than forty per cent. do not think the depositors will lose dollar He intimated his intention of ef fecting an early reorganization President I. Parker, of the Bank of Dania, announced immediately after closing that readjustment would be made that would enable the bank to reopen shortly and meet all obligations The run on the Bank of Holly. wood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks The run subsided shortly after noon when officers found funds sufficient to cover every deposit. President George Romfph of the Miami Clearing House association in commenting on the suspension of three suburban banks declared that outside control and loans outside paper solely were responsible for the embarrassment. "Ethical Questions" a column of absorbing interest to young people, indeed, most folks enjoy read. it.


Article from Okmulgee Daily Times, July 3, 1926

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Florida Bubble Bursts For Three Miami Banks Another Institution at Dania Ceases to Function While Hollywood Weathers Heavy Run MIAMI. Fla., July Three local banks suspended ope rations, financial institution Dania closed its doors, and Hollywood bank weathere heavy withdrawal of funds today. The bank of Coconut Grove and the bank of Buena Vista failed open for business and the bank Dania, short distance from Miami, suffered similar withdrawal of funds and ceased operations shortly before noon. the same time the bank of Hollywood, also short distance north of this city, in Broward county, withstood brief Announcements Are Made The bank of Buena Vista and the bank Cocoanut Grove, allied Institutions, made the following separate "The bank decided to suspend operations for the present will therefore, not open for bustness today. actuated in this cause by desire to conserve resources and protect its depositors to the fullest xtent. Local citizens now are working plan and will announce the details in few days to organize locally controlled institution for speedy liquidation and to relieve the The bank of Buena Vista opened on October 19. 1920, with capital stock of $15,000, which had been raised to The officers include R. Anthony of Jacksonville, president, and John Grife, vice president. Officials declined to present deposits for either institution. The bank 0g Coconut Grove opened in March, 1920, with $15,000 capital. On March 10, the bank announced capitalization $30,000 and totalling 605,977. R. Anthony headed the board of directors with A. W. president. The bank Little River, through President B. C. Teed, announced: "In the circumstances we feel it advisable desirable to pend operations for the present. The bank sound and in good shap. We have in excess $200.000 in cash in our vaults and reserve greater than 40 percent, think the depositors lose dollar." He intimated his intention of starting an early reorganization. President Parker of the bank of Lania, announced imme diately after the closing that adjustment would be made that would enable the bank reopen shortly and meet all obligations. TROOPERS ARE ACCUSED PHILADELPHIA, July Seventeen soldiers of the third United States cavalry, part of the contingent in camp Anthony Wayne the exposition here, today were held in $500 bond each. charge of having given liquor to girls who visited the camp,


Article from The Pittsburgh Post, July 3, 1926

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FOUR FLORIDA BANKS CLOSE, FIFTH MEETING HEAVY DEMAND Miami Suburban Institutions Expect to Reopen Soon. BLAME LAID ON OUTSIDE LOANS BY THE ASSOCIATED PRESS MIAMI. July urban banks Dania doors and a withdrawal funds The Bank of Coconut Grove and the Bank of Buena Vista open business and the of River closed run an The distance from lar funds At the short of Broward brief TWO MAY RI The Bank of Buena and the Bank of allied suspend and will. for of It in by sire and protect its to Local on plan and for and to The Bank of Buena opened on of deposits The of On March the and The of River feel advisable for the 5 40 be of Dania that would be that would enable shortly meet run on the Bank of after of news of the bank but the funds Miami The subsided offers of sufficient every President George of Miami Clearing House on suburban that outside and loans responsible for the paper solely


Article from Florence Morning News, July 3, 1926

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THREE Two Others Encounter "Runs" After News of Triple Closing July banks suspended financial institution its doors and Hollywood bank heavy funds today. The Bank of Coconut Grove Bank of Buena Vista failed to business, and the Bank of Little River closed after run of an hour. The bank of Dania, short distance from Bhann, suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of also short distance north of the city, withstood brief run. The Bank of Buena Vista and the Bank Cocoanut Grove, lied institutions, made the followseparate bank has decided to suspend operations for the present and will, therefore, not open for business today. actuated in this cause by desire to conserve its to protect depositors the fullest extent. Local citizens are working on plan, and will anthe details few days nounce organize institution for speedy liquidation the The Bank Buens Vista opOctober 19, with ened stock of which capital raised to $50,000. Bank of Cocoanut Grove The in March, 1920 with $25, opened March 10, the 000 capital. bank announced capitalization of $30 000 and deposits Bank of Little The President B. Teed anthrough circumstances feel the advisable and desirable operations for the present The bank sound and good We have in excess in cash in our vaults and reserve greater than forty not think the positors will lose dollar He intimated his intention of an early President Parker. of the Bank Dania, im mediately after that would made that adjustment would enable the bank reopen shortly and meet all The run on bank Hollv precipitated after news the but was bank closings. the receipt of funds through Miami The run from after noon when fficers announced they had funds sufficient to cover every deposit. BURNED MACON covered shortly after destroved the bleachers Central home the Macon South Atlantic The obtained considerable headway fore being discovered.