1.
July 2, 1926
Brownsville Herald
Brownsville, TX
Click image to open full size in new tab
Article Text
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.
2.
July 3, 1926
The Plain Dealer
Cleveland, OH
Click image to open full size in new tab
Article Text
Florida Financial Concern Closes Doors, Another Weathers Heavy Run. local operations, Dania closed and bank heavy withdrawal funds today. The Bank of Coconut Grove and the of Buena failed for the Bank Little River closed run The Bank distance from similar and ceased shortly At the same time the of short disnorth of this city in Broward withstood a brief run. of Buena Vista and the of made the following bank has decided to suspend for the present and will not open for business It is actuated in this course desire its and to protect its depositors to the fullest Local citizens now on nounce the details institution for speedy liquidation and to relieve the situation. of Little River, through B. Teed 'In the we feel advisable and desirable to suspend for the present. The sound and in good shape. do not the depositors will lose a dollar. President T. Parker of the after closing that readjustment would be made that would enable the bank to reopen shortly and meet all The run bank of Hollywood precipitated after receipt of of previous bank closings, but was met through the receipts of funds from banks. The run shortly after noon funds sufficient to every deposit.
3.
July 3, 1926
Finger Lakes Times
Geneva, NY
Click image to open full size in new tab
Article Text
FLORIDA BANKS HAVE TROUBLE
Miami, Fla, July local banks suspended operation, flnancial institution at Dania closed doors and Hollywood bank weathered heavy withdrawal funds yesterday. The bank of Coconut Grove, and the Bank of Buena Vista failed open for business and the Bank of Little River closed after run of an hour's duration. The Bank of Dania short distance from Miami suffered simwithdrawal of 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 brief run. The Bank of Buena Vista and the Bank Coconut Grove, allied institutions, made the following separate "The bank decided to suspend operations for the present will, therefore, not open for business today. actuated in this cause desire to its and to protect depositors to the fullest exThe Bank of Buena Vista openOctober 19, 1920, with capital stock $15,000 which had been raised $50,000. The bank of Coconut Grove opened March, 1920 with $15,000 capital. March 10, the bank announced capitalization of 000 and deposits totaling $1,605,-
4.
July 3, 1926
The Philadelphia Inquirer
Philadelphia, PA
Click image to open full size in new tab
Article Text
FOUR BANKS CLOSE DOORS IN FLORIDA
Three in Miami Suspend Operation; One in Hollywood Withstands Rush
Outside Control and Loans Are Blamed by Clearing House President
MIAMI. Fla., July financial Dania closed its doors bank weathheavy witdrawal funds today. Bank the Bank of Buena failed and the of Little closed duration Bank distance from Miami. similar withdrawal funds and operabefore the this county. brief run. The Bank Buena Vista and allied made the separate anbank has decided to suspend operations for the present therefore. not for today. is actuated by desire to fullest extent. citizens are now working plan announce the organize locally institution speedy liquidation and to relieve the Bank Opened in 1920 The Bank Buena Vista opened raised The officers include Anthony and officials declined to announce institution. The bank opened 1920. with $15,000 capital March 10 italization and deposits head the A. The bank Little River. through Reed the circumstances we fell ad. visable suspend for the present and have $200,000 cash and reserve than 40 not the depositors will lose dollar.
Plan Reorganizations He intimated his intention of Parker. the bank closing that would enable bank obligations The run news the bank But met through receipt funds from Miami found funds George the Miami clearing house commenting on the suspension of suburban declared outside loans responsible for the embarrassment
5.
July 3, 1926
The Tennessean
Nashville, TN
Click image to open full size in new tab
Article Text
3 Miami Banks Stop Operations, Others Fear Run
(Continued From First Page) ened in March. 1920. with $15.000 capital. On March 10. the bank announced cabitalization of $30.000 and deposits totalling $1,605.977. R. Anthony headed 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 It advisable and desirable to suspent 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 forty cent. do not think the depositors will lose He intimated his intention of effecting reorganization. At the opening hour crowd awaited entrance to the Little River Bank. and within an hour the number had increased mr makIng withdrawals. Two squadrons of police were dispatched to prevent disorder. and an armored truck bearing funds from Cown town banks was President T. Parker of the Bank of Diana immediately after closing that read. justment made that would enable the bank reopen shortly and meet all obligations The run of the bank of Hollywood was precipitated after receipt of the news of the previous bank closings. but was met through the receipt of funds from Miami banks. The run subsided shortly after when announced funds sufficient to cover every deposit.
6.
July 3, 1926
The Alaska Daily Empire
Juneau, AK
Click image to open full size in new tab
Article Text
FOUR FLORIDA BANKS CLOSED MIAMI, Fla., July 3.-The bank at Cocoanut Grove, bank at Buena Vista and bank at Little River 'have closed. The bank at Hollywood stood the run made this forenoon. The Miami clearing house is blamed for the failures as outside interests control the paper. FORT LAUDERDALE, Fla., July 3. The City Bank failed to open its doors this forenoon.
7.
July 3, 1926
Daily Kennebec Journal
Augusta, ME
Click image to open full size in new tab
Article Text
Three Banks Fail At Miami, Florida Miami, Fla., July 2.-(P)-Three Miami financial institutions, the Bank of Cocoanut Grove, the Bank of Buenavista 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 of activities.
8.
July 3, 1926
The Tampa Tribune
Tampa, FL
Click image to open full size in new tab
Article Text
FOUR BANKS CLOSED IN MIAMI DISTRICT TO BE REORGANIZED
ALL TO BE REOPENED WITHOUT LOSS TO DEPOSITORS
Banks in City in Impregnable Position, Operating on Own Capital
MIAMI, July local suspended operations, financial institution at Dania closed its ered heavy withdrawal of funds toBank of Coconut Grove and the Bank Vista for busines, while the Bank of Little River closed after determined run of an hour's duration. Bank of of funds and shortbefore at the same time the Bank of both a short distance of this city in Broward withstood brief run The Bank of Buena and the Bank of institutions, made the following separate
Resources Conserved "The has decided to suspend the and will, therefore, not for is actuated this cause by desire to its and to protect its depositors to the fullest extent. Local citizens are working on will the dein few days locally for liquidat to relieve the situa The Bank of Buena Vista opened 19, 1920, with capital stock of which has been subsequently $50,000. In 1925, when deposits bank started on Its building. officers R. Anthony of and John Grice, vice president Offideclined to announce present for The Bank of opened On March announced capitalization and deposits totaling R. Anthony headed the board of directors, Sanders president. The of River, through President B. C. Teed, Reserve Ample.
"In the we feel it The advisable and desirable to suspend the The was sound and shape We have inches. in excess of $200,000 our vaults reserve 40 percent. do not think the deposi- Ashville Birmingham his intention of effecting an early Detroit At the opening hour of 9 o'clock, and within an hour the number had making Two of police were disto any disorder, and Mobile an armored truck funds downtown banking correspondents Vicksburg President I. T. Parker of the Bank immediately Atlanta Boston after closing that readjustment would be made that enable the Chicago to reopen shortly and meet all Cincinnati Eastport The run on the Bank of wood was of New Pittsburgh of the previous but was met through the receipt of funds Louis Toledo Miami banks The run subsided shortly afternoon when officers sufficient to cover Miami Tampa of the City and Trust Company, one of the largest banks in the state, President George Romfh, of the Miami Clearing House Association, In commenting on the suspenof suburban banks declared control loans on solely
City Banks Sound banks of Miami today are in Davis banks today operating entirely on the its thing few banks in any part of the country can boast And although condition was a demand of depositors these pay dollar of the liabilities the deposiNo. carry fault with the of these three not with Miami nor conditions in this section nor in was The fast was with outside the loans tion was too low for safety and cer- This tainly not in proportion to the extended Consequently there but one end, to afford time attempt to liquidate. 'Miami banks have through a John period readjustment first of the year that was test few banks any where could have met."
9.
July 3, 1926
The Owensboro Messenger
Owensboro, KY
Click image to open full size in new tab
Article Text
FLORIDA BANKS CLOSE DOORS IN SUBURBS
Fifth One At Hollywood Weathers Day of Heavy Withdrawals; Deposits Are Not Announced.
Miami, Fla., July local banks suspended operations, financial institution at Dania closed its doors and a Hollywood bank weathered 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 run of an hour's duration. The Bank of Dania, 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 short distance north of this city, Broward county, withstood brief run. The Bank of Buena Vista and the Bank of Cocoanut Grove, allied institutions, made the following separate "The bank has decided to suspend operations 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 now are working on plan, and will announce the details few days organize locally controlled institution for
10.
July 3, 1926
The Los Angeles Times
Los Angeles, CA
Click image to open full size in new tab
Article Text
IN FLORIDA
RULER MAY QUIT
Four More Fail Congress's Delay to Open Doors Irks Andrews
Three Institutions at Miami and One Other at Dania Suspend Operations
Fifth Concern Averts Crash Following Brief Run by Panicky Depositors
MIAMI. (Fla.) July local banks suspended operations, Bnancial institution at Dania closed doors and Hollywood bank weathered 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 run of an hour's duration. The Bank of Dania. short distance from Miami. suffered similar withdrawal of funds and the same the Bank of Hollyalso near Miami, withstood brief The Bank of Buena Vista and the Bank Grove, allied institutions. made the following separate announcements "The bank has decided to suspend for the and will open for this cause desire its and to protect its depositors to the fullest extent. Local citizens working plan and will announce the details few days to organize locally controlled for speedy liquidations and to relieve the situation." The Bank of Buena Vista opened 1920. capital stock of which had been raised to $50,000. Officials declined announce present deposits for either institution. The Bank of Coconut Grove opened March. 1920 $15,000 capital On March 10. the capitalization and deposits totaling The of Little River. through President Teed the circumstances we feel advisable and desirable to suspend for the present. The bank sound and good shape. We have excess $200,000 our vaults and reserve greater than do not think the delose President Parker of the Bank Dania announced immediately after closing that readjustment would be would enable the bank reopen shortly and meet George Romfh of the Miami Clearinghouse Association the suspension three suburban banks. declared that outside control loans on outside paper solely responsible for the embarrassment.
Prohibition Chief Considers Resigning Next Fall Due Lack of New Laws
Continues Organization for More Efficient Fight on Nation's Rum Trade
WASHINGTON. July couraged over the failure of Congress to enact his legislative program. Assistant Lincoln C. Andrews, in charge of prohibition enforcement. While the chief has not reached decision. he today friends that he giving Congress fails to act on the before said, will be serious handicap the campaign have outlined this Although Congress given me the vital that have the we going to get at the real sources liquor supplies.' FORCES the busy the new forces thorized by Congress for the fiscal year which began and his into shape fore he leaves next week for London. Gen. Andrews will head the American mission going to England the that government effort co-operation between the countries in enforcement of the smuggling treaty There possibility that he will visit other European unofficially in that connection and he will not reShould Mr. decide to not believed he would do before September He does not want quit until he satisfied that the prohibition forces on working basis
HEALTH AFFECTED Another factor the situation the health Mr Andrews who has been affected recent months by the strain his work. Among the bills which Gen. Andrews to Congress "necessary the enforcement prohibition,' providing for separate prohibiand measures authorizing more strict of alcohol and brewery and another with several provisions posing to put "teeth" in the Volstead The House the first of these. which Senhave been favorreported both the Senate the House, but have been brought vote. In connection with his new or-
(Continued on Page Column 2)
11.
July 3, 1926
The Montgomery Advertiser
Montgomery, AL
Click image to open full size in new tab
Article Text
FLORIDA BANKS HIT BY FINANCIAL GALE
Four Financial Institutions Are Forced to Colse; Another Suffers Heavily local banks suspended operations, flnancial Institution at Dania closed its doors and bank weathered a heavy withdrawal of funds today The Bank of Cocoanut and the Bank of Buena Vista falled to open for business, and the Bank of Little River closed after run of an hour's duration. The bank of Dania, short distance from Miami, suffered similar withdrawal of 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 brief run The Bank of Buena Vista and the Bank of Grove, alied Institutions, made the following separate "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 now are working plan, and will announce the details few days to organize locally controlled institution for speedy liquidation and to relieve the situation The Bank of Bpena Vista opened on October 19, 1920. with capital stock of $15,000, which has been raised subsequently to $50,000 In July, 1925, when deposits totalled 150,000. the bank started work $100,000 build. ing. The officers included R. Anthony, of and John L. Grice, vice- Officials declined announce present deposits for either institution. The Bank of Cocoanut Grove opened in March, 1920, with $15,000 capital. On March 10, the bank announced capitalization of and deposits totalling $1,605,977. J. R. Anthony the board of directors, with A. W. Sanders as The Bank of Little River, through President B. Teed, "In the circumstances, we feel advisable and desirable to suspend operations for the present. The bank is sound and in good shape We have in excess of $200,000 in cash in our vaults and reserve greater than forty per cent. I do not think the depositors will lose a dollar. He intimated his intention of effecting an early At the hour crowd entrance to the Little River bank and within an hour the number had increased for making withdrawals. Two squadrons of police were dispatched to prevent disorder, and an armored truck bearing funds from downtown banks was sent. President I. T. Parker, of the Bank of Dania, 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 Hollywood
12.
July 3, 1926
The Evening Sun
Hanover, PA
Click image to open full size in new tab
Article Text
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.
13.
July 3, 1926
Chattanooga Daily Times
Chattanooga, TN
Click image to open full size in new tab
Article Text
CLOSED BANKS AFTER "RUNS" in Miami Suspend Operations.
INSTITUTION WITHSTANDS DEMANDS
Buena Vista, Coconut Grove, Little River and Dania Concerns Cease Business— Optimistic View Taken.
MIAMI, suspended operations, finaninstitution Dania closed weathered withdrawal funds today. The Bank of Coconut Grove and the Buena failed open for and the Bank of Little River after determined run of an duration. The Bank Dania, distance from Miami, suffered withdrawal funds and operations shortly before noon. same time the Bank of Hollyshort north city Broward county, withbrief The Bank Buena Vista and the Bank Coconut Grove, allied institumade the following separate has decided to suspend the present will, therefore, not open for business today. actuated in this cause by desire its to protect depositors the fullest extent. citizens working will announce the details in days, organize locally for speedy liquidaThe Bank Buena Vista opened on Oct. 1920, with capital stock $15,000, which has been raised subsequently $50,000. July, deposits totaled the bank work $100,000 buildThe officers included R. AnJacksonville, president, and Officials declined present deposits institution. The Bank of Coconut Grove opened March, 1920, with $15,000 capital. March 10 the bank cap. italization and deposits taling $1,605,977 R. Anthony the board of directors, with Saunders president. Bank of Little River, through Teed, circumstances, feel it advisable desirable to for present. The bank sound and shape. in of $200.000 in our vaults and reserve than 40 per cent. do depositors will lose dollar. He his intention of effecting an early hour crowd awaited the Little River bank and within hour number creased for withdrawals. squadrons of police dispatched to prevent and armored truck bearing funds downtown banks President Parker, of the Bank closing that would that enable the bank shortly meet all run Bank receipt news but of funds from cover every Romfh, Miami Clearing House association, commenting the suspension control loans paper soleresponsible for the banks of Miami today in Da president the National and declared. the banks today capital, which country boast. And, such is though there was demand of deposimade could faster than depositors could carry away.
14.
July 3, 1926
The Lima Morning Star and Republican-Gazette
Lima, OH
Click image to open full size in new tab
Article Text
Three Florida Banks Fail; Run On Two
Dania Institution Closes After Withdrawals
MIAMI. Fla., July 2-(AP)-Three local banks suspended operations, financial institution at Dania closed its doors and Hollywood bank weathered heavy withdrawal of funds today. 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, short distance from Miami, suffered 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 of this city, in Broward county. with stood brief run. The run on the Bank of Holly. wood was precipitated after receipt of news of the previous bank closings, but was met through the receipts of funds from Miami banks The run subsided shortly after noon when funds proved sufficient to cover every deposit. appointment of federal prohibition information. That isn't what both. enforcement agents, Sen. Reed want- ered Senators Reed. King. LaFollette, Goff and McNary so much. ed to know what influence the antiWhat got on their nerves is the ap. saloon league exerted in that direcparent insistence of the average tion. Wheeler conceded that the witness to make speech instead of league had made recommendation answering a question. Now and then for appointments. the stream of loquacity has had to "You interfere with the appoint be foreibly dammed, and the witment of these ment" Reed asked. ness none too gently led back to We when we think there the subject in hand, with instrucis an effort to put across crooked tions to stick to it, and nothing but men" the dry leader resorted with it. show fire. Turning to the speakers paid by Honors Harvey Wiley the league, Sen. Reed read into the June 30. 1926, marks the 20th anrecord series of letters touching niversary of pure food legislation upon the services of Rep. Upshaw, by congress, so in honor of the day Democrat. Georgia. These showed the New York Consumers and Prothat Upshaw sought $75 for deliver- ducers luncheon ing a speech at field day meeting party for Dr. Harvey W. Wiley, of here on 14, 1924, but that Washington. As chief chemist of the he finally consented to deliver the department of agriculture in 1906, address for $25 plus $x taxi fare. Dr. Wiley was mainly responsible for the passage of the pure food act. Others Paid The New York organization, which Chairman Reed made it matter recently made him honorary and of record that Richmond Pearson advisory chairman of its national Hobson, former member of the food standards committee, thought house, and hero of the Merrimac it fitting to pay tribute to Wiley's sinking at Santiago during the pioneer work. Spanish war, received total of "Oscar," famous chef of the $171,249 from the Anti-Saloon league Waldorf Astoria hotel, made birth from 1914 to 1922 and that the late day cake for the veteran who has William Jennings Bryan was paid lived 80 years and is still active in $11,000 for lecturing for the league in 1919.
"I find that F. B. Willis drew $1,200 in the year 1915" Reed pursued. "Is that Sen. Willis?" "Yes," Wheeler replied, adding that this was before Willis was elected to the senate. "As matter of fact, he lectured for number of years under the auspices of the anti-Saloon league did he not?" the chairman asked. think he spoke in number of states", the witness replied. The state league reports submit ted by Wheeler engulfed the commit tee and its official stenographer. Sen. Reed started out to read them. but finally decided to admit them to the record without reading They gave in detail the purposes of ex penditures and almost without ex ception showed that the high cost was for speakers for the dry
15.
July 3, 1926
Record-Journal
Meriden, CT
Click image to open full size in new tab
Article Text
Withdrawals Heavy Close Miami Banks
Fla., July Three local banks suspended operations, financial institution Danclosed its doors and bank weathered heavy withdrawof funds today. The Bank of Cocoanut Grove, and the Bank Buena Vista failed open for business and the Bank Little River closed after run hour's duration. The Bank Dania, near Miami suffered similar withdrawal of ceased operations at the same time the Bank of also here, withstood brief The Bank of Buena Vista and the
Bank of Cocoanut Grove, allied inmade the following separate announcements: "The bank has decided to suspend operations for the present and therefore, not open for busiwill, actuated by ness today. its resources aud sire to its depositors to the fullest protect Local citizens extent. plan and will working the few days nounce locally controlled inorganize stitution for speedy liquidation and relieve the situation.'
16.
July 3, 1926
The Virginian-Pilot
Norfolk, VA
Click image to open full size in new tab
Article Text
DOORS ARE CLOSED BY THREE FLORIDA BANKING HOUSES
Hollywood Bank Withstands Run With Miami Banks' Aid; Statements Optimistic
Miami, Fla., July local banks operations, financial at Dania closed its doors and Hollywood bank weathered heavy withdrawal funds today. The Bank of Cocoanut and Grove, the Bank of Buena Vista open for business and the Bank Little River closed after The of short distance from suffered similar withdrawal of funds and ceased shortly before At the same time the Bank of Hollyalso short distance north of this city, withstood brief run. The Bank of Buena Vista and the Bank of Cocoanut Grove, allied institutions, made the following separate "The bank has decided to suspend operations for the present and will, therefore, not open for business day. It actuated in this cause by desire its to protect its to the fullest extent. Local citizens are work. on and will announce the details in few days to organize locally controlled Institution speedy liquidation and to relieve the The Bank of Buena Vista opened October 1920, with capital which had been raised The officers Anthony, of and John Officials announce for The Bank Grove opened with $15,000 On March 10. the $30,000 and deposits Anthony headed board of directors with A. Sanders president. The Bank of Little River through operations the The bank sound excess $200,000 vaults and than 40 the lose He his of Parker, after closing that be made that enable bank reopen shortly and meet all the Bank of was the previous bank was met through receipt of funds from Miami The run sided shortly after noon they had funds ficient cover of suspension three
17.
July 3, 1926
Ledger-Enquirer
Columbus, GA
Click image to open full size in new tab
Article Text
BANKS THREE MIAMI CLOSE DOORS FRIDAY
MIAMI, Fla., July local suspended operations, a financial institution Hollywood at Dania closed bank weathered its doors and heavy withdrawal of funds The today. Bank of Cocoanut Grove and the Bank of Buena Vista failed to for business, while the bank of Little River closed after determined run of an hour's duration. The Bank of Dania, suffered similar withdrawal of funds before and ceased noon the operations same time shortly the bank of Holly wood, both short distance north of this city in Broward county, withstood The Bank brief of run. Buena Vista and the bank of Cocosnut Grove, allied institutions made the following separate "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 and to protect its to the fullest extent. 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 1920, with capital stock of $15,000 which has been raised subsequently to $50,000. In July 1925. when deposits totailed $1,500,000 the bank started work on its $100,000 building The efficers included, R. Anthony of Jack. sonville, and Grice, vice president. Officials declined to announce present deposits for either institution The bank of Cocoanut Grove opened in March, 1920, with On March 10 the $15,000 bank capitalization Anthony was man the board of directors, with The Bank Little River, through the circumstances, felt advisable and desirable to suspend The operations for the bank sound in good shape. We have in excess of $200,000 cash in our vaults and reserve greater than forty per cent. not think the depositors lose dollar He intimated his intention of affecting an early reorganization.
18.
July 3, 1926
Tulsa World
Tulsa, OK
Click image to open full size in new tab
Article Text
IN BIG RUN
Three Miami Houses, One in Nearby Town of Dania Close Doors
ONE WEATHERS GALE
Bank of Hollywood Remains Open Despite Heavy Withdrawals
OFFICIALS ARE HOPEFUL
Head of One Institution Depositors Won't Suffer Dollar's Loss
MIAMI, local banks suspended operations, financial Institution Dania closed doors and Hollywood bank weathered heavy withdrawal of funds Friday. The Bank Cocoanut Grove and the Bank Buena Vista failed open for business, and the Bank Little River closed after hour's The Bank Dania, short distance from Miami, suffered funds ceased before noon. At time Bank also short tance north county. withstood brief run. Bank's Statement. The Bank Buena Vista and the made the following separate announcements: bank has decided to suspend operations for the present and therefore not open for business Friday. actuated this protect its depositors to the fullest extent. Local citizens out plan and announce the details few days organize locally controlled stitution for speedy liquidation and to relieve the situation. The Bank Buena Vista opened on October 1930, with capital stock which had been raised $50,000. The officers clude Anthony of president, and John Grife, president. Officials declined announce present deposits for either
Reopen Soon. The Bank Cocoanut Grove opened in March. 1920, with $15,000 capital. On March 10, the bank nounced deposits totaling R. Anthony headed the board of rectors with Sanders as president. The Bank of Little River, through President Teed. announced: circumstances we feeel advisable and desirable to suspend operations for the present. The bank sound and in good shape. have in excess of cash vaults and greater than think the depositors will lose dollar. He intimated his intention of offecting early President the Bank Dania the closing that readjustment would made that bank reopen shortly and meet all obligations.
19.
July 3, 1926
Detroit Free Press
Detroit, MI
Click image to open full size in new tab
Article Text
BANKS CLOSE, 'RUN' ON FIFTH
Florida Institutions Face Crisis; "Readjustments" Are Announced.
Miami, Fla., July the AsPress local banks suspended a financial institution at Dania closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today The Bank Cocoanut Grove the Bank of Buena Vista failed open for and the Bank of Little River closed after run of an hour's duration. The Bank of suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of also short distance from this city, withstood a brief
Make Statements.
The Bank of Buena Vista and the Bank Cocoanut allied the following arate bank has decided to suspend for the present and therefore not open for business day. in this by desire and to its the citizens are working and the details days organize tution speedy liquidation and re The Bank of Buena Vista opened October with stock had present deposits for either The Bank Cocoanut Grove March March 10 the bank announced and deposits
Has $200,000 Reserve. The Bank of Little River the feel advisable pend sound good have excess of and reserve than 40 President Parker of after closing that would be made the bank reopen shortly and meet the Bank receipt news of receipts funds Romfh of the Clearing suburban control solely ble for
20.
July 5, 1926
The Morning Call
Paterson, NJ
Click image to open full size in new tab
Article Text
THREE BANKS CLOSE
Officials Say Readjustment WIII Enable Them to Open Again.
Miami, Fla., July local banks suspended operation, financial Institution at Dania closed its doors and Hollywood weathered heavy withdrawal of funds Friday. The bank of Cocoanut grove, and the bank of Buena Vista failed open for business and the bank of Little River closed after run of an hour's duration. The bank of Dania near Miami. similar withdrawal of and operations shortly before noon. The bank of Hollywood, also near here Broward county. withstood brief run. The bank of Buena Vista opened on Oct. 19, 1920. with capital stock $15,000. which had been raised $50,000. The bank of Cocoanut Grove opened in March. 1920 with $15.000 capital. Later the bank announced capitalization of $30,000 and deposits totalling Local officials declined to announce deposits for either institution B. Teed. president of the bank of Little River, intimated his Intention of effecting an early Parker, president of the bank of Dania, that readjustment would be made that would enable the bank to reopen shortly and meet all 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 produced funds sufficient to cover every deposit. President George Romfph of the Miami Clearing House association in on the suspension of three banks, declared that outside control and loans outside paper solely responsible for the