1.
February 6, 1928
New Britain Herald
New Britain, CT
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t t DOORS SHUT TODAY IN 3 MIAMI BANKS Southern, Citizens and Allapattab Institutions Bar Public RUN ON FIRST NATIONAL Withdrawal of Deposits in Southern Results in Comptroller Amos Closing Others to Stop Rush to Get Money. Miami. Fla., Feb. 6 (AP) - Seven million dollars in cash will be sent to the First Nationnal bank by the Federal Reserve bank branch in Jacksonville by airplane and train to pay all depositors who wish to withdraw their funds, officials of the Miami institution announced this afternoon following a run on the bank growing out of the closing of three other local financial institu. tions this morning. Miami, Fla., Feb. 6 (A)-Three Miami banks failed to open for business today. They were the Southern Bank and Trust Company, the Citizens Bank, and the Bank of Allapattah. Comptroller in Charge. The Southern Bank and Trust Company requested Comptroller Amos to assume charge of its affairs pending strengthening of finances, following heavy withdrawal of deposits caused by circulation of anonymous letters predicting its failure. Mr. Amos ordered the other institutions not to open in the belief that they were not in financial posttion to withstand large withdrawals which might result from excitement incident to the closing of the Southern Bank and Trust Company. Under normal conditions they could operate, he said, adding that there had been no sign of a run at either place. In announcing that the Southern Bank and Trust company had suspended business but would reopen March 15, and that the state comptroller had taken charge at the request of its officials, President J. E. Lummus said in a public statement that "large demands for cash during the last few days had been caused by anonymous letters written to depositors and advising them to quietly 'get your money out of (Continued on Page 13)
2.
February 6, 1928
Norfolk Daily News
Norfolk, NE
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ACTION CLOSING THREE OTHER MIAMI
Miami, million dollars cash the First National bank Federal Reserve bank branch Jacksonville by airplane and all depositors who withdraw their funds, officials local institution announced afternoon following orderly bank growing out closing of three other local cial institutions morning. The three banks that open for business today Southern Bank and Trust pany, the Citizens bank, and Bank of The Bank and Trust company requested Comptroller Amos assume charge of its fairs pending nances, following heavy withdraw. deposits caused circulation of anonymous leters predicting failure. President Lummus bank said that "large demands during the last days been caused letters writen to depositors and them to "quietly your money the The letters, said, were sign "Hiram" bore crudely drawn Masonic Police are seeking to trace sender. President Lummus said that deposits in funds were fully protected.
3.
February 6, 1928
Bartlesville Examiner-Enterprise
Bartlesville, OK
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THREE MIAMI FLORIDA BANKS FAILED TODAY
Run on a Fourth Bank M es Financial Aid Necessary
(By the Associated Press) MIAMI, Fla., Feb. 6.-Three Miami banks failed to open for business today. They were the Southern Bank and Trust company, the citizens Bank and the Bank pattah. The Southern Bank and Trust company requested Compirolier Amos to assume charge of its af. fairs pending Strengtheniug finances, following heavy withdrawals of deposits caused by circulation of anonymous letters predicting its failure. Mr. Amos ordered the other institutions not open in the belief that they were not in financial position to withstand large withdrawals which might result from excitement incident to the closing of the Southern Bank and Trust company. Under normal conditions they could operate he said, adding that there had been no sign of run at either place.
Rush Money by Airplane Press) MIAMI Fla., Feb. million dollars in cash will be sent to the first National bank by the Federal reserve bank branch in Jacksonville airplane and train pay depositors who wish withdraw their funds, officials of the local institution announced this afternoon following an orderly run on the bank growing out of the closing of three other local financial institutions this morning
4.
February 6, 1928
The Sedalia Democrat
Sedalia, MO
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THREE MIAMI BANKS FAILED TO OPEN
The Associated Press. MIAMI, Feb. Mibanks failed open for busitoday. They the SouthBank and Trust the Citizens Bank and the Bank Allapattah. The Southern Bank and Trust Company requested Comptroller Amos assume charge its fairs pending strengthening of finfollowing heavy withdrawcaused by circuladeposits of anonymous letters predictits failure. Mr. Amos ordered the other into in the belief open that they were in financial sition to withstand large withdrawwhich might result from exciteincident the closing of the Southern Bank and Trust Company. Under normal conditions could he said, adding that there operate had been no sign of either place.
5.
February 6, 1928
The Daily World
Helena, AR
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THREE BANKS IN MIAMI. FLORIDA. ARE NOW CLOSED
ANONYMOUS LETTERS CAUSE RUN WHICH CLOSES ONEOTHERS DRAWN IN
LUMUS' STATEMENT
President of Southern Bank and Trust Company Declares Depositors Received Anonymous Letters Advising Them to Withdraw Money Masonic Emblem Used
BULLETIN
A determined run on the first National Bank began during the noon hour. following the failure of three other Miami financial institutions to open for business today The bank's large lobby accommodated all who sought to gain admittance up to 12:30 Other large banks reported normal business conditions.
Miami. Fla., Feb Seven million dollars in cash will be sent to the First National Bank by the Federal Re. Bank branch in Jacksonville by airplane and train to pay all depositors who to withdraw their funds, officials of the local institution aunovaced this afternoon following an orderly run on the bank growing out of the closing of three other local financial institutions this morning. Miami, Fla., Dec. Three Miami banks failed to open for business today. They wer the Southern Bank and Trust company. The Citizens Bank and The Bank of Allapattah. The Southern Bank ompany requested comptroller Amos to assume charge of Its affairs pending strengthening of finances, following heavy withdrawals of deposits caused by circulation of anonymous letters predicting its failure. Mr. Amos made a plea for a cool and collected public spirit. "If the public remains coo! and doesn't rush the banks this ought to blow over." he said. "If they hammer the remaining ones can't answer for the result.
6.
February 6, 1928
The Times Record
Brunswick, ME
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ANONYMOUS NOTES CAUSE OF RUN ON A BANK IN MIAMI
Three Banks Fail to Open Their Doors This Morning
Miami, Fla. Feb. 6 (P).-A determined run on the First National bank began during the noon hour today following the failure of three other Miami financial institutions open business today The bank's large lobby commodated all who sought to gain al mittance 12.30. Other large banks reported normal conditions. Officers the First National bank mingled with the crowd in the lobby and could not be reached immediately for The bank's regular closing time is
CASH COMING
Miami Fla. Feb. Seven million dollars cash be to the First National Bank by the Federal Reserve Bank Branch in Jacksonville by airplane and train pay all depositors wish to withdraw their funds officials of the Miami institution announced this after noon the bank growing out the closing of other local institutions this morning
THREE FAIL TO OPEN
Miami, Fla. Feb. 6 Miami banks failed to open for today They Southern Bank and Trust the Citizens Bank. and the Bank The Southern Bank and Trust comptroller Amos charge its affairs pending strength ening of heavy with drawals of deposits by circula tion anonymous letters predicting Mr. Amos ordered other tions the belief that they were financial with stand large withdrawals which might result from incident to closing the Southern Bank and Trust Under normal they could operate adding that there had been no sign of run at either In that the Southern Bank and Trust had suspended but would reopen March 15. and that the comptroller had taken charge the request its officials. President Lummus said public statement that "large for cash during the last few had been caused by anonymous letters written to depositors and advising quietly get money the Southern Bank The letters. be signed Hiram" and crudely drawn Masonic emblem. They mailed Saturday Jan. in but Mr Lummus unable to estimate number, more accurately than that were "more than dozen. sent to per sons not depositors, he added The police Drace the sender. President Lummus said that deposits open accounts and trust funds fully protected. Other banks reported unusual withMr Amos made public plea for and collected public spirit the public remains and doesn't rush the banks this ought blow over. ones. cannot answer for the result.'
7.
February 7, 1928
Brownsville Herald
Brownsville, TX
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HALTRUNS ON MIAMI BANKS Sender of Mysterious Letters Are Sought By Officials MIAMI, Fla., Feb. 7.-(A))-Financial circles in this city today were reacting from the cumulative effects of "more than a dozen" anonymous letters which precipitated suspension of one bank's business, brought on temporary closing for two others and were responsible for an orderly but determined run on a fourth institution. Meanwhile, police sought the mysterious author of an indeterminate number of letters mailed Jan. 28 in Miami, signed "Hiram," and adorned with a crudely drawn Masonic emblem. "Quietly get your money out of the Southern Bank and Trust company; it is going soon," these letters said, in varying language, but similar substance. Results of these missives today had included: Taking over of the Southern Bank and Trust company by State Comptroller Ernest Amos at the instance of bank officials, stimulated to this step by heavy withdrawals. Orders by Comptroller Amos that the Citizens' Bank and the Bank of Allapattah, small institutions. temporarily close to avoid possible demands on their resources. A run on the First National Bank which kept tellers busy until closing time handing out money to depositors as they demanded it. Other institutions of the city today had prepared for their possible part in the emergency. Increased supplies of currency had been requisitioned. Nearly all of them experienced slight withdrawal increases early yesterday, but several n ported later that deposits showed a jump, the City Naitonal announcing a $400,000 boost,
8.
February 7, 1928
Republican and Herald
Pottsville, PA
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MONEY TAKEN TO MIAMI TO SAVE BANKS
Miami, Fla., Feb. 7. (U.P.) More than $5,000,000 in cash was being brought into Miami today to assure depositors of the First National Bank of the security of that institution after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, after the other banks had closed following heavy runs, but were not serious. One million five hundred thousand dollars was brought in by airplane from Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yes. terday blamed the runs on anonymous notes sent to depositors attacking the safety of the Southern Bank and Trust Company. The notes were signed "Hiram," and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust Company failed to open its doors there were runs on the Citizens' Bank of Miami and the Bank of Allapattah. J. E. Lummus, president of the said his bank was closed after the notes had been circulated and he thought it better to place the insti tution in the hands of Ernest Amon, State Comptroller of Banks, rather than face run which probably would be disastrous. The Southern Bank and Trust was capitalized at $100,000 and last Saturday night had deposits of $5,138,112.11. The Citizens' Bank of Miami also was capitalized at $100,000, while its deposits totalled $149,480, and the Bank of Allapattah had capital stock of $15,000 and estimated deposits of $110,000.
9.
February 7, 1928
The Brooklyn Daily Times
Brooklyn, NY
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SENT FLORIDA BANK
First National of Miami Takes Precautions After Three Institutions Close.
By United Press. Miami, Fla., Feb. 7.-More than in cash was being brought into Miami today to assure depositors of the First National Bank of the security of that institution, after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, after the other banks had closed following heavy runs, but were not serious. One million five hundred thousand dollars was brought in by airplane from the Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yesterday blamed the runs on anonymous notes sent to depositors attacking the safety of the Southern Bank and Trust Company. The notes were signed "Hiram" and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust Company failed to open doors there were runs the Citizens Bank of Miami and the Bank of Allapattah. E. Lummus, president of the Southern Bank and Trust said his bank was closed after the notes had been circulated and he thought it better to place the institution the hands of Ernest Amos. State Controller of Banks, rather than face run which probably would be disastrous. Shortly after assuming control, Amos statement which he said he expected to have the Southern Bank and Trust Company condition to reopen for business March 15. Amos said the other two banks could have conducted business under normal conditions, but could not stand any run which might have OCcurred as a result of the tense situation. The South Bank and Trust Company was capitalized $100,000. and last Saturday night had deposits of The Citizens' Bank Miami also was capitalized $100.000, while its deposits totaled $149.480, and the Bank of Allapattah had capital stock of and estimated deposits of $110,000.
10.
February 7, 1928
The Brooklyn Daily Times
Brooklyn, NY
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$5,000,000 SENT TO FLORIDA BANK
First National of Miami Takes Precautions After Three Institutions Close.
By United Press. Miami, Fla., Feb. 7.-More than $5,000,000 in cash was being brought into Miami today to assure depositora of the First National Bank of the security of that institution. after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, after the other banks had closed following heavy runs. but were serious. One million five hundred thousand dollars was brought in by airplane from the Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yesterday blamed the runs on anonymous notes sent to depositors attacking the safety of the Southern Bank and Trust Company. The notes signed "Hiram" and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust Company failed to open its doors there runs on the Citizens Bank of Miami and the Bank of Allapattah. J. E. Lummus, president of the Southern Bank and Trust Company. said his bank was closed after the notes had been circulated and he thought it better to place the institution in the hands of Ernest Amos, State Controller of Banks, rather than face run which probably would be disastrous. Shortly after assuming control, Amos issued statement in which he expected to have the Southern and Trust Company condition to reopen for business March Amos said the other two banks could conducted business under normal conditions. but could not stand any run which might curred as result of the tense situaThe South Bank and Trust Company capitalized at $100,000. and last Saturday night had deposits The Citizens' Bank Miami also was capitalized at $100.. 000. while its deposits totaled $149.480. and the Bank of Allapattah had capital stock of 000 and estimated deposits of $110,000.
11.
February 7, 1928
Napa Journal
Napa, CA
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AIRPLANE USED
TO RUSH FUNDS TO RELIEVE SITUATION
Citizens Wage Run on Banks; Money Coming From Jacksonville to Reassure Depositors
MIAMI, Fla., Feb. 6 (UP).-A million and a half dollars in cash was being rushed to Miami by airplane today to relieve a tense situation which developed when three banks closed this morning. Failure of the Southern Bank & Trust Company, one of the largest in the state, to open for business caused runs on the Citizens Bank of Mami, and the Bank of Allapatiah which forced them to close a few hours later.
The money was being brought by plane to the First National Bank of Miami from the Jacksonville Branch of the Sixth District Federal Reserve Bank. The First National Bank of Miami suffered slight runs when the three banks closed and the money was being brought here to reassure depositors. E. C. Rofh, President of the First National, said his institution had felt no III effects from the situation.
Rofh said he was expecting another $5,500,000 to arrive by train Tuesday morning. The First National Bank had on hand $1,750,000 in cash this morning, and Rofh said that the two shipments enroute here will enable it to continue business easily.
J. E. Lummus, President of the Southern Bank & Trust Company. said circulation of anonymous letters attacking his bank had caused an unexpected run on the institution which resulted in its failure to open. Ernest Amos, State Comptroller, took charge of the Southern Bank & Trust Company. Amos claimed its failure to open had caused runs on the Citizens Bank of Allapattah. which they were not able to withstand.
5,000 DAILY JOURNAL READERS
Venerable and Beloved Pioneer of Napa County's Demise Comes After More Than 50 Years' Residence Here
After having been a resident in Napa County for more than 50 years, during which she built around her during which time she built around her a host of admiring and loving friends, Mrs. Anna Dollarhide, a most prominent resident of this community. was taken by death at the family home on Pine street following an illness of but a week's duration, at 11:15 o'clock last night. \ woman of highest character, kindly and generous. the news of her sudden death will come with a shocking suddeness to the many friends of herself and family throughout the Napa Valley. Mrs. Dollarhide was born in Mis. souri, July 26. 1851. When but 15 months old she journeyed to Oregon where she resided for but few years before coming to Napa County, having first establ'shed her residence in Pope Valley. Deceased was the widow of the late A. J. Dollarhide. who passed away in 1894. himself a man of great prominence in this community. Left to mourn her loss are two daughters. Miss Winefred Dollarhide, of Napa. and Mrs. Herbert Whitton of Santa Rosa: one son. Deputy County Clerk R. A. Dollarhide of Napa: two sisters. Mrs. Rosella Bowen of Alhambra, and Miss Genelle Boothe of Los Angeles: and one brother. C. A. Boothe of Hollywood. The remains are at the Webber Funeral Parlors. The time for the funeral services has not been arranged as yet and will be announced later.
12.
February 7, 1928
Petaluma Daily Morning Courier
Petaluma, CA
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Lindbergh Is In Haiti
MILLION SENT "LONE EAGLE" TO SAVE TWO NEARS FINISH OTHER BANKS OF GOOD WILL FROM FAILURE TOUR AT HAITI
Failure Of Southern Bank
& Trust Co. One of The
Largest In State, Causes
Disastrous Runs On
Frenzied Enthusiastic
Crowd, Composed Of Wondering Half Naked
Banks Of Miami And Al-
Natives Greets Lindy At lapattah.
Port Au Prince.
Circulation Of Anonymous
Lindbergh's Flight To Port
Letters Attacking S. B.
& T. Caused An Unexpected Run On The Institution, President Lum-
Au Prince Was His Last
But One On His Good Will Tour To Pan
American Parley. mus Claims.
(By United Press)
MIAMI, Fla., Feb. million and a half dollars in cash was being rushed to Miami by airplane today to relieve a tense situation which developed when three banks closed this morning Failure of the Southern Bank & Trust Co., one of the largest in the state, to open for business caused runs on the Citizens Bank of Miami and the Bank of Allapattah which forced them to close a few hours later. The money was being brought by plane to the First National Bank of Miami from the Jacksonville branch of the Sixth Distriet Federal Reserve bank. The First National Bank of Miami suffered slight runs when the three banks closed and the money was being brought here to reassure depositors. E. C. Rofh. president of the First National, said his institution had felt no ill effects from the situation. Rofh said he was expecting another $5,500,000 to arrive by train Tuesday morning. The First National Bank had on hand $1,750,000 in cash this morning. and Rofh haid that the two shipments en route here will enable it to continue business easily.
J. E. Lummus. president of the Southern Bank and Trust Co., said circulation of annonymous letters attacking his bank had caused an unexpected run on the institution which resulted in its failure to open. Ernest Amos, state comptroller, took charge of the Southern Bank and Trust Company. Amos claimed its failure to open had caused runs on the Citizens Bank and the Bank of Allapattah. which they were not able to withstand.
PORT AU PRINCE Haiti, Feb. Chas. A Lindbergh landed at the S. marine flying field here at 1:51 p. m. today his last intermediate stopping place on his good will tour toward the Pan-American conference at Havana A frenziedly enthusiastic crowd. the most incongruous of his long flight. awaited the fliers. American marines in occupation here. mingled with officials and wondering natives from the interior-some of them from districts where the dread secret voodoo magic is not only believed in but practiced.
13.
February 7, 1928
The Evening News
Harrisburg, PA
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TO MIAMI WHEN 3 BANKS CLOSE
United
MIAMI, Florida, Feb. than $5,000,000 was being brought into Miami today to assure depositors of the First National Bank of the security of that institution after three other banks closed their doors yesterday. There were slight runs on the First National Bank yesterday, ter the other banks had closed lowing heavy runs, but they were not serious. One million five hundred thousand dollars was brought my airplane from Jacksonville Federal Reserve Bank yesterday and the additional $5,500,000 was being brought by train today. The three banks that closed yesterday the runs on anonymous notes sent. to attacking the safety of the Southern Bank Trust Company. The notes were signed "Hiram' and authorities today searched for the man responsible for the notes. Other Runs Start When Southern Bank Trust Company failed to open doors there runs on the Citizens Bank of Miami and the Bank of Allapattah.
14.
February 7, 1928
The Daily Advocate
Greenville, OH
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MILLIONS POUR INTO BANK FOR SHAKY PATRONS
Miami, Fla., Feb. than $5. 000,000 in cash was being brought into Miami today to assure depositors of the First National Bank of the se curity of that Institution after three other banks closed their doors yesterday. There was slight runs on the First National bank yesterday after the oth es banks had closed following heavy runs, but they were not serious. One million five hundred thousand dollars was brought by airplane from the Jacksonville Federal Reserve bank yesterday and the additional $5000, 000 was being brought by train today. The three banks that closed yesterday blamed the runs on anonymous notes sent to depositors attacking the safety the Southern Bank and Trust company. The notes were signed "Hiram" and authorities today searched for the man responsible for the notes. When the Southern Bank and Trust company failed to open its doors there weer runs on the Citizens' Bank of Miami and the Bank of Allapatta.
15.
February 7, 1928
The Springfield News-Leader
Springfield, MO
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POISON BANK
One Florida Institution Fails, Two Others Temporarily Close, With Run on Fourth
MIAMI, Fla., Feb. letters predicting the Anonymous failure of one bank caused that stitution to suspend business here today, resulted indirectly in the temporary closing of two brought about run on fourth which called for from the Federal Reserve Branch bank in Jacksonville to bolster its cash reThe run, determined but orderly, started on First National bank following announcement that Ernest Amos, state comptroller. had taken of the affairs the Southern Bank and Trust company and ordered the Citizens bank the Bank of Allapattah temporarily closed.
APPEALS FOR COOLNESS
Explaining he had taken control at the Bank and Trust company at the of its officials because of caused by the circulation of the anonymous letters, Amos said he ordered the other two banks closed through fear they might not be able to weather possible He made plea for cool and collected public spirit," declaring that the banks would have been able to reopen under normal Meanwhile the was felt in an quarter when quietly was begun at the the run First National. Until closing time the tellers rapidly handing out money to every depositor demanding while officials of the institution mingled with the crowd to spread At no time was the lobby of the bank, holding about 250 persons, crowded beyond its capacity.
16.
February 7, 1928
The Modesto Bee
Modesto, CA
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PLANE RUSHES MILLION AND HALF DOLLARS TO FLORIDA
Money Being Sent South To Reassure Depositors, Says Official
BANK FAILURE CAUSES RUN ON TWO OTHERS
Circulation of Anonymous Letters Blamed For Act, By President
(By The United Press) MIAMI. Feb. million dollars cash was ing rushed Miami airplane to-day tense situation when three banks closed this Failure the Southern Bank and Trust one the the state, to open for runs on the Citizens Bank of Miami and the Bank of Allapattah which forced them close hours later. Run On Banks The money being brought plane the First National Bank of Miami from the Jackson. ville branch of the sixth district federal reserve bank. The First National Bank of Miami suffered slight runs when the closed the money was being brought here depospresident of the First National, said his had felt no effects from situation. Romfh said he was expecting another arrive by train morning. The National Bank had hand $1. in cash this morning. and Romfh that the two shipments route here will enable continue Laid To Attack Lummus. president of the Southern Bank Trust company, said circulation of anonyletters attacking his bank had caused an unexpected run on institution which resulted in its failure to open Police Hunt Sender The letters. he said, were signed "Hiram," and bore crudely emblem. They were mail Saturday January 28 in Miami. but Lummus was unable to estimate their number. more ac curately than that there were "more than dozen Some were sent persons who were police are seeking to trace the sender. President Lummus said the deposits open accounts and trust funds were fully protected Ernest Amos, state comptroller, took charge the Southern Bank and Trust company Amos claimed failure open had caused runs the Citizens Bank and the Bank Allapattah which they not able to withstand
17.
February 7, 1928
The Buffalo News
Buffalo, NY
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BEING RUSHED BANKS
$1,500,000 En Route There by Plane Relief of Tense Situation.
MIAMI Fla Feb million in to relieve which veloped closed this morning Failure the Trust of the largest in open business caused runs on the Citizens Bank Miami and the Bank forcing them close was brought by to the First National Bank Miami Jacksonville branch Sixth National Bank Miami suffered slight runs the banks closed and the money being brought reassure positors president of the First National his institution had felt the situation no expecting another Tuesday morning. The had said and the two en will enable continue business president of the and Trust said letters attacking his bank had caused an expected on the which resulted failure open Ernest state took charge the Southern and Trust company Amos claimed failure open had caused on the bank and the Bank Allapattah which they not to withstand
UP. LOCKPORT Feb -Stanley Reed, planned start see the that age, got was picked up the street Monday William Nugent and sent to his home.
18.
February 7, 1928
The Klamath News
Klamath Falls, OR
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Rush Gold South By Plane To Aid Distressed Banks
MIAMI, Fla., Feb. 6. (UP) A million and a half dollars in cash was being rushed to Miami by airplane today to relieve a tense situation which developed when three banks closed this morning. Failure of the Southern Bank and Trust Company, one of the largest in the state. to open for business caused runs on the eitizens bank of Miami and the Bank of Allapattah which forced them to close a few hours later. The money was being brought by plane to the First National Bank of Miami from the Jacksonville branch of the Sixth district Federal Reserve bank. The First National bank of Miami suffered slight runs when the three banks closed and the money was being brought here to reassure depositors. E. Rofh, president of the First National, said his institution had felt no ill effects from the situation. Rofh said he was expecting another $5,500,000 to arrive by train Tuesday morning. The First National bank had on hand $1.750 in cash this morning. and Rofh said that the two shipments enroute here will enable it to continue business easily. Letters Responsible J. E. Lummus, president of the Southern Bank and Trust Company. said circulation of anonymous letters attacking his bank has caused an unexepected run on the institution which resulted in its failure to open. Ernest Amos, state comptroller. took-charge of the Southern Bank and Trust Company. Amos claimed its failure to open had caused runs on the Citizens bank and the Bank of Allapattah, which they were not able to withstand.
19.
February 8, 1928
New Britain Herald
New Britain, CT
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MIAMI POLICE HUNTING MYSTERIOUS NOTE WRITER Believe Anonymous Notes Caused Run or Bank-Situation is Easter Miami, Fla., Feb 2 (UP)-As police sought the mysterious note writer, who warned against depositing money in several Miami banks and thereby caused runs that forced them to close. other banks today reporte1 the tense financial situation had eased There were some withdrawals from the Bank of Biscayne but officials said that those were by "penny savers with small accounts and that their reserve was in excellent shape Officials of the First National Bank-who had more than six million dollars brought in from the federal reserve bank at Jacksonville --said their accounts were in excellent shape They said the crowd in the lobby yesterday was no greater than at any other day of a midseason rush and there probably would be no need of the additional cash brought in The Southern Bank and Trust Company had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition. Runs forced the Citizens Bank of Miami and the Bank of Allapattah to close All three institutions were taken over by the state banking department and the Southern Bank probably will be re-opened about March 15. State examiners said the Citizens Bank and the Bank of Allapattah were in good shape but in no condition to stand a run
20.
February 8, 1928
Republican and Herald
Pottsville, PA
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THE FINANCIAL SCARE AT MIAMI HAS EASED UP
Miami, Fla., Feb. 8. (U.P)-As police sought the mysterious note writer who warned against depositing money in several Miami banks and thereby caused runs that forced three to close other banks today reported the tense financial situation had eased. There were some withdrawals from the Bank of Biscayne, but officials said these were by "penny savers with small accounts" and that their reserve was in excell nt shape Officials of the First National Bank had more than six million dollars brought in from the Federal Reserve Bank at Jaeksonville-said their accounts were in excellent shape They said the crowd in the lobby yes. terday was no greater than at any other day of mid-season rush and there probably would be no need of the additional cash brought in. The Southern Bank and Trust Company had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition Runs forced the Citizens Bank of Miami and the Bank of Allapattah to All three institutions were taken over by the State Banking Department and the Southern Bank probably will be reopened about March 15. The State Examiners said the Citizens Bank and the Bank of Allapattah were in good shape, but in no condition to stand run.
21.
February 8, 1928
The Brooklyn Citizen
Brooklyn, NY
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RESERVES OF MIAMI BANKS EASE TENSION
Three Banks Forced to Close by Sudden Run Will Reopen
MIAMI, Fla., Feb. 8 (United Prese). police sought the mysterious note writer, who warned against depositing money in several Miami banks and thereby caused runs that forced three to close, other banks to-day reported the tense financial situation had eased. There were some withdrawals from the Bank of Biscayne but officials said that these were by "penny savers with small accounts and that their reserve was in excellent shape. Officials of the First National Bank who had more than six million dollars brought in from the Federal Reserve Bank at Jacksonville-sa their ac counts were in excellent shape They said the crowd in the lobby yesterday was no greater than at any other day of a mid-season rush and there probably would be no need of the additional cash brought in. The Southern Bank and Trust Com pany had closed Monday after notes signed "Hiram" had been passed around. warning of the bank's condition. Runs forced the Citizens' Bank of Miami and the Bank of Allapattah to close. All three institutions were taken over by the State Benking Department. and the Southern Bank probably will be 10. opened about March 15. State exam iners said the Citizens' Bank and the Bank of Allapattah were in good shape. but in no condition to stand a run.
22.
February 8, 1928
Bristol Herald Courier
Bristol, TN
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BANKS
Heavy Runs Which Caused Temporary Suspension of Three Subsides
Fla., Complete confidence local bank: apparently was restored today lowing flurry excitement cident to temporary closing yesterday three the city's smaller financial attributed to circulation of anonymous Runs which began on several the larger noon day started subside during forenoon then died out gether By the orderly, ing lines depositors seeking withdraw their funds had disappeared, and million dollars the Federal Reserve brought from Bank to meet possibe continued heavy today was from several of the Reports fected banks the close of businoted increases in ness officials mean which that cash withdrawn during the excitement gradually was finding its way back banks time today were the lines depositors nearly long those during the height the rush yesterday
Wears Out "The thing wore itself out somebetween and 12 time said Romfh, president National Bank, which the First attracted the most determined run. "By closing time was just like other day. We've even quit any talking about now. From now limit ourselves to saying with James Gilman, president the Bank of Bay (Biscayne, the largest the city declared that the latter part of the business day nothing unusual, adding that feel was merely tem and that it done porary flurry These two institutions generally credited in financial circles with being among the strongest the Meanwhile, all three of the banks that were closed temporarily announced that plans progress for early re-opening, with State Comptroller Ernest Amos that none would have reiterating suspend had not been forced to been for anonymous letters writer of which still sought the the police. They are the Southern Bank and Trust Company, which suspended business after heavy withdrawals due circulation of the letters its failure, and the predicting Citizens Bank and the Bank Allapattah, which were ordered closed he comptroller because by fear that they might be position to possible heavy withdrawals due to the Southern suspension.
23.
February 8, 1928
The Record American
Mahanoy City, PA
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Article Text
SEEK NOTE WRITER WHO CLOSED BANKS lion dollars brought in from the Miami, Fla., Feb. 8 (U. P.)-As Federal Reserve Bank at Jacksonpolice sought the mysterious note ville-said their accounts were in writer who warned against depositexcellent shape They said the ing money in several Miami banks crowd in the lobby yesterday was and thereby caused runs that forcno greater than at any other day ed three to close. other banks toof a mid-season rush and there day reported the tense financial probably would be no need of the situation had eased. additional cash brought in There were some withdrawals The Southern Bank and Trust from the Bank of Biscayne but ofCompany had closed Monday after ficials said these were by "penny savers with small accounts" and that their reserve was in excellent Officials of the First National Bank who had more than six mil- notes signed "Hiram" had been passed around, warning of the bank's condition. Runs forced the Citizens Bank of Miami and the Bank of Allapattah to close. All three institutions were taken over by the State Banking Department and the Southern Bank probably will be reopened about March 15 State examiners said the Citizens Bank and the Bank of Allapattah were in good shape but in no condition ot stand a run.
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