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THREE BANKS CLOSED IN MIAMI DISTRICT Miami. July (United Press) Three banks closed their doors today in the Greater Miami district. They were the Bank of Cocoanut Grove. the Bank of Buena Vista and The Little River The first two institutions closed. according to announcement of directors. to effect reorganization The closing of the two suburban banks caused run on the other bank which forced it to
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THREE BANKS AT MIAMI SHUT DOORS By United Press MIAMI, Fla., July 2 Three banks closed their doors today in the Greater Miami district. They were the Bank of Cocoanut Grove, the Bank of Buena Vista and the Little River bank. The first two institutions closed, according to announcement of directors, to affect reorganization The closing of the two suburban banks caused run on the Little bank, which forced it to suspend operations. WIII of the late Mathilda Fruehwald, probated Friday, bequeaths $600 to Roberta Fruehwald Pfeifer and the balance to be divided among Louisa, Walter, Michael and Irvin Fruehwald and Mathilda Herke and Emma Schwartz. Independent Habits Exasperated Sister: "D'you know, Granny Jack's simply hopeless at bridge. He simply won't follow his partner's lead.' Granny: "Yes, my dear, he doesn't change. recollect that even as a child he was most independent! Show, London. She's Glum First Humorist: "So you always Next One: "Yes, and when she doesn't laugh, know they're good -Stockholm Kasper.
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THREE FLORIDA BANKS SUSPEND Heavy Withdrawals of Cash Cause Closing of These Institutions. Fla., July local finansuspended Dania cial and withdrawal of funds FriBank of Cocoanut Grove and Bank failed the the Bank run duration. The Bank of Dania, from Miami, suffered similar withdrawal funds and before noon. of At the short distance north in Broward county, withstood The Bank of Buena Vista and the Bank the following separate "The bank has decided to suspend for the present therefore, not open for business Friis actuated this cause desire its the fullest extent. Local are workwill announce the ing plan details days to organize locally speedy and to relieve the situaThe run on the Bank of of was the previous bank closings, but met through the of funds was Miami banks. The run officers had shortly Romfh of the MiClearing House commenting suspension of declared that outside control and loans paper solely for the embarrassment.
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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.
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DOORS IN FLORIDA Three In Miami Suspend Operations And One At Dania Acts After Run. OUTSIDE CONTROL CAUSE Institution At Hollywood Covers Funds And Withstands drawals Of Depositors. Miami, banks suspended operations, financial institution at Dania closed its doors Hollywood bank weathered withdrawal of funds today. The Bank of Cocoanut Grove and the Bank of Buena Vista failed open for business and the Bank Little River closed after of hour's duration. The Bank Dania, from Miami, suffered similar withdrawal funds and ceased operations shortly noon. At the Bank Hollywood, also short distance north this city, in Broward county, withstood brief run. Banks Explain Action. The Bank Buena Vista the Bank Cocoanut Grove, allied Institutions, made the following separate anbank has decided to suspend operations for will, therefore, not open for business today. actuated this desire conserve its and protect depositors to the fullest extent. Local citizens are working plan, announce the details in few days organize locally trolled institution speedy liquidation relieve the situation.' The Bank Buena Vista opened October 19, 1920, with capital stock $15,000, which had been raised $50,000. officers include John Grife, vice-president. Officials declined announce present deposits for either institution. Had $1,605,977 Deposits. The Bank opened March, 1920, $15,000 capital. March the deposits totaling Anthony headed board with The Bank Little through President Teed, the felt it advisable and desirable suspend operations for present. sound and shape. We have in excess of $200,000 in vaults reserve greater than forty per cent. do not think the depositors will lose He intimated his intention of effecting an early reorganization. Bank Run Stops. President Parker, the Bank Dania, immediately closing readjustment would made that the bank shortly and all The run the Bank Hollywood precipitated receipt news previous closings, but through receipt funds from Miami banks. The subsided shortly after when officers announced funds sufficient every deposit. President George Romfh, of the Miami Clearing House Association, clared control and loans side paper solely responsible for the embarrassment.
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Runs on Miami Banks Close Doors of Four And Menace Others Suburban Institution's Victims of Wave of Unrest and Bigger Concerns Are Called for Relief; Reassuring Statements Issued After Crisis By United News Miami, July wave of unrest. spreading rapidly among depositors of small banks of this vicinity following the failure of two suburban institutions to open their doors for business had resulted tonight in the closing of two others and another successfully withstood a heavy Unable longer to: bear heavy burdenu paper on they could not realize, the Bank of Cocoanut Grove and the Bank Buena Vista, allied Institutions, failed to open their doors today. The news swept the suburbs of MIaml like wildfire, and soon long line of depositors had formed in front of the little Bank. in the same section. Caught unprepared to meet such critical situation, this little bank was soon forced to close its doors. Fearing for the security of their funds, depositors of the Dania Bank began rush upon it. Paying out until its limited supply of cash was hausted, this bank, too, closed its doors. Within few hours muttering crowd began gathering in front the Bank of Hollywood, several miles of the city By this interests had come to the aid of ing the small institutions and the Holly. wood Bank the heavy run. The Cocoanut and Buena Via. ta Banks, according to by officers. probably will reopen after reorganizations The future of the others is Heads large banking institutions of Miami, fearing would spread to their depositors. hastily gave out that these banks were in sound condition and It is believed the crisis has been passed. Tampa Newspaper Suspends In Sale to Competitor Tampa. of the Tampa Morning Telegraph. which was established last October. to the Tampa Morning was announced today by O. Stovall. president and editor of the former. The price reported In the of $125,000. All mechanical of the Telegraph was included the transfer. Tomorrow's issue will be the Telegraph's last Only two dailies. with the exception of Spanish American paper, remain In the Tampa field. The Tampa Evening Globe pended publication few weeks
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Three Banks In Miami Closed Doors Today (Special to News by United Press.) Miami Fla Today-Three banks in the Miami district closed today 'n the greater Miami district They were the bank or Cocoanut Grove, The bank of Buena Vista and the Little River bank The first two institutions closed according to announcement to directors. to effect reorganization The closing of two suburban banks caused a run on the Little Bank which forced It to suspend operations
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FOUR BANKS IN STATE ARE CLOSED UP News Sweeps Miami and Many Depositors Line Up to Recover Their Money NEAR PANIC IS RESULT Southern Boom Is Ended as Money-Seekers Storm Cashiers wave of unrest, spreading rapidly among depositors of small banks of this vicinity the failure of two burban their for business had sulted tonight in the closing of two others, successfully heavy Unable longer to heavy dens of paper which they could not the Bank of Cocoanut Grove and the Bank of Buena Vista. had failed to open their The news swept the suburbs of ami, and soon of depositors formed in front of the little in same Caught to such a critical this little soon was forced to close its DEPOSITORS SH TO GET MONEY Fearing for the security depositors of bank began to rush out until its limited of cash this also few hours began gathering of the of several miles north of the By this time, larger interests had come to the aid of the small and the bank survived the heavy run.
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THREE MIAMI BANKS CLOSE THEIR DOORS Suspend Operations; Speedy Re-organization Promised -Run on Bank MIAMI, Fla., local at its and weathered withdrawal of yesterday. The Balk and the Bank of Buena Vista failed to for the Little River closed after an hour's The of of Hollywood, suffered similar withdrawal of funds time the Bank of near withbrief The Bank of Buena Vista the Bank Grove, allied institutions, made the following separate announcements: "The bank has decided to suspend operation the present, and, therefore, will not for business today. actuated by to conserve and its dépositors to the fullest Local citizens are working plan and will nounce the details days, organize locally for speedy liquidation and to relieve the situation." Opened in 1920. The Buena Vista opened on October 1920. with capital stock of $15,000. which had been raised to $50,000. Local officials declined to announce The Bank Cocoanut Grove opened in March. 1920, with $15,000 capital. On March 10. the bank capitalof deposits of $1, The Bank of Little River. through President C. Teed have in excess of in in our vaults and reserve greatthan 40 per cent. do not think the depositors dollar He intimated his intention of effecting an early reorganization. President Parker of the Bank of Dania after closing that readjustment would be made enable the bank reopen shortly and meet all obligaThe run on the Bank of was precipitated after receipt of news of the previous bank closings, but met through receipt funds from Miami banks. run subsided shortly after noon. having funds sufficient cover every deposit. President George Romfph of the MIaml clearing association in menting on the suspension suburban declared that outside control loans outside paper solely were responsible for the embarrassment.
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HERE, THERE, EVERYWHERE General News and Happenings From all Over the World Condensed For the Busy Reader Three Miami, Fla., financial institutions, the Bank of Cocoanut Grove, the Bank of Buena Vista and the Bank of Little River suspended operations last week. The outstanding loans on which they could not deliver were given by directors as reasons for suspension of activities All Poland, and particularly Warsaw celebrated Independence Day in a gorgeous manner, according to reports from that city. Red. white and blue bunting and the Stars and Stripes are everywhere. Radio legislation went by the boards in the closing session of Congress last week when a last-minute attempt to provide a stop-gap measure until the next session of Congress failed. William C. Carter, foreman of the Los Angeles County Gra Jury. few days ago announced that the of fer of Aimee Semple McPherson, evangelist. made through her mother. Mrs. Minnie Kennedy, to appear voluntarily before the inquistorial body, would be "promptly accepted.' A report from Easton, Penn., says that the proposed $40,000,000 Portland Cement consolidation. the formation of which has been under way for some time, will be completed over the week-end. A government "wine list" with accompanying "prices," not dissimilar to the old reverseside of the oldtime hotel menu, will be used as a schedule of fines for the violation of the Volstead Law on ocean steamers, the customs searching squad of New York City announced recently. An appeal for elemency was telegraphed recently to the President of the United States. by Charles Ponzi, convicted Boston swindler, being held in Houston, Texas. Ponzi is wanted by the Massachusetts authorities. The Shipping Board and the Department of Commerce were recently directed to conduct a joint investigation and submit plans to the Senate on January 1 for maintenance of a permanent and efficient merchant marine under a Senate Resolution So crowded with men arrested for drunkenness was the city jail of Minneapolis recently, that twelve of those who showed the most beneficial effects of a night behind the bars were released Tuesday on $15 bail to make room for others. A five-acre landscaped cemetery for pet animals. from mice to elephants. is planned by Michael J. Bloze for the city of Chicago. Bloze has already applied for a permit. Funerals will be conducted and with each burial an engraved. signed and sealed certificate will be given. To obtain the diamond fillings in his teeth, Mrs. Robert Fitzsimmons. of Chicago, has completed arrangements to exhume the body of the former heavyweight champion. She says she needs the diamonds to augment her savings, depleted by gifts to charity. Death was George Sabastino's reward for trying to take his dog for a walk from his Chicago home. The fused eave his kennel and Sebastino tried to pull him out by his chain, but the collar slipped over the dog's head and his master full backward. breaking his neck Economy enthusiasts threatens one of the best-loved annual French celebrations in Paris. Protests have been filed against expenditure of 340.000 francs (about $10,000) appropriated street nance music on Bastile Day. John D. Rockefeller and his son were recently disclosed as the heavlest contributors to the Anti-Saloon NOTICE OF MORTGAGE SALE By virtue of the power of sale contained in a certain mortgage deed executed by John Lewis and wife. Emma Lewis, dated the 18th day of November, 1919. to L. L. Critcher to secure the payment of the sum of two thousand. three hundred and sixty-three dollars and seventy-nine cents, and interest on same from July 6th. 1926; which mortgage is re. corded in the office of the Register of Deeds for Watauga County, N. C., in Book U at page 140, said mortgage having been assigned by the said L. L. Critcher to the Bank of Blowing Rock. and default having been made in the payment thereof of the said sum. the Bank of Blowing Rock will on August the 9th. 1926. between the hours of 12 o'clock and 2 o'clock p. m. at the courthouse door in Boone, Watauga County, N. C., sell to the highest bidder for cash the following described real estate: Lying on the waters of Howard's Creek, adjoining the lands of B. R. Brown, J. C. Brookshire. M. D. Moretz, D. C. Williams and others. and for a more definite and complete description of some reference is hereby made to the following deeds: Marth C. Critcher and others to L. L. Critcher, Wm. J. Critcher and wife to L. L. Critcher: D. C. Williams and wife to L. L. Critcher, and also from L. L. Critcher and wife to the said John Lewis and wife. This the 7th day of July. 1926. BANK OF BLOWING ROCK. Assignee.