1.
February 6, 1928
Merced Sun-Star
Merced, CA
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Anonymous Letters Cause Withdrawal Of Funds In Miami
Boxing Gloves Latest Weapons For Duel in France
MIAMI. Fla.. Feb. Miami banks failed to for business today. They were the Southern Bank & Trust company, the Citizens bank. and the Bank of Allapattah. The Bank & Trust company requested Comptroller Amos assume charge of its affairs, pending strengthening of finances, following heavy withdrawals of posits caused by circulation anonymous letters predicting its failure. Amos ordered the other InstituFob. 6. tions not to open in the belief that traditional dueling weapons, they were not in financial position swords and pistols, went to withstand large withdrawals inthe board when M. Liborel, cident to the closing of the Southbusiness man. met M. Doeern Bank & Trust company. Under quois. dramatist. on the field normal conditions they could opof honor. They used ordinary erate, he said. adding that there boxing gloves to settle their had been no sign of run at either differences. The dramatist place. on points. Liborel challenged Docquois to a duel to avenge what he considered to be direct in: sult in the dramatist's latest play. Three hundred invitations were Issued so that the world might know every point of honor had been observed. Four hundred persons attended.
Many heavy swings were noted in the combat. but little damage was done. 11 the conclusion Liborel kissed his ODponent to show that honor was
Letters Warn In announcing that the Southern Bank & Trust company had suspended business but would reopen March 15. President J. E. Lummus said 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 money out of the Southern bank The letters, he said. were signed "Hiram." and bore crudely drawn Masonic emblem. They were mailed Saturday January 28. Miami. but Mr. Lummus was un able to estimate their number, more accurately than that there were "more than a dozen." Some sent to persons who were not depositors, he added. Author Is Sought
The police are seeking to trace the sender. President Lummus said that deposits in open accounts and trust funds were fully protected. Other banks reported no unusual Run on Fourth Bank Noon found determined run progress at the First National bank, with the institution accommodating the orderly crowd as fast as gained the windows Seven million dollars in will be sent to the First National bank by the Federal Reserve bank branch in Jacksonville by airplane and train to pay all depositors who wish 'to withdraw their funds, of ficials of the local institution nounced. While police sought the sender of the anonymous notes to officials of the southern bank tributed responsibility for gradual but heavy withdrawals during the last few days. copies of them. varying in phraseology, were public. One said: "Quietly get your money out of the Southern Bank is & Trust (Signed) "Hiram."
2.
February 6, 1928
Austin American-Statesman
Austin, TX
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PLANES RUSH FUNDS TO
Three Institutions Closed by State Officials to Prevent Losses.
MIAMI, Feb. (AP) A determined run on the First National bank began during the noon hour today following the failure of three other Mi. ami financial institutions to open for business today The bank's large lobby ac commodated all who sought to gain admittance up to 12:30. Other large banks reported normal conditions Officers of the First National bank mingled with the crowd in the lobby and could not be reached immediately for a statement. The bank's regular closing time is p.m
Comptroller Called In The banks which closed were the Southern Bank and Trust company the Citizens bank and the Bank of The Southern Bank and Trust company requested Comptroller Amos charge of its fairs pending strengthening of f.nfollowing heavy withdra of deposits caused by of anonymous letters predicting its
Closed By Order Mr. Amos ordered the other infor business in the belief that they not in financial to withstand large wihdrawals which might result from inc to the closing of the Southern Bank and Trust Under normal condi tions they could he said adding that there had been no sign of a run at either place
AIRPLANES CARRY FUNDS TO BANK en dollars will be sent the First National bank the Federal bank branch in Jacksonville by airplane train to pay all to withdraw their funds. the local following an orderly run on the bank growing out the closing of three other financial in stitutions here this morning
3.
February 6, 1928
Corvallis Gazette-Times
Corvallis, OR
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Three Miami, Florida Institutions Fail; First National Has Run On
Fla., Feb. determined run on the First National bank began during the noon hour today, following the failthree other Miami financial institutions.
4.
February 6, 1928
The Portsmouth Times
Portsmouth, OH
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Three Miami Banks Fail To Open
-Three Miniul banks failed to open for business today. They wore the Southern Bank and Trust Company, the Citizens' Bank and the Bank of determined THE OIL the First Nahour today following the fallure of tions to open for business Inday. The 12:30. Other large banks reported normal bustonss conditions. Officers of the First National Bank mingled with the crown In the lobby Heren million dollars In cash will be sent to Flost Nuttonal Bank by Jacksonville by airplane and train to pay nil who wish to Ing all orderly run on the bank.
5.
February 6, 1928
The Daily Record
Long Branch, NJ
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WILL CONVENE TONIGHT
Civil Service "Ripper" Bill Ready For Final of Personnel of Banking Department Committee Due
Trenton, Feb. the civil service "ripper" bill ready for final passage tonight in the senate, announcement of the personnel of the banking department committee due, and the Davis bill to divide the costs of grade crossing eliminahearing tion for this the fifth week of the present legislature begun today. An exact cast of the vote on the bill to take Camden, Elizabeth and Trenton away from the supervision of the State Civil Service Board and permit the governing bodies of these municipalities to name their own commissioners to operate the merit system, could not be made here Circulation of Anonymous early today, but thought that the Camden Republican organization tersi Concerning Southern has probably rounded up enough votes to jam the measure across in Bank Starts Trouble. the branch of the legislature upper send to the house, probably Miami, Fla., Feb. (Associated to become source of annoyance to determined run on the the majority that body for the First National Bank began during of the present session. noon hour today following the failure Senate President Stevens, of Mon three other Miami financial instimouth, and Speaker of the House tutions to open for business today. Middlesex, have had Hanson, They the Southern Bank practically week in which to deTrust Company, the Citizens Bank cide on their respective appointees and the Bank Allapattah. the banking department probe The Southern Bank Trust Co. committee. There are to be three requested Comptroller Amos to senators and three members sume charge of its affairs pending assembly and in some quarters specstrengthening of finances, following has narrowed down the field ulation heavy of deposits caused prospective appointees until by circulation of anonymous letters has been claimed by persons propredicting its failure. fessing know that the senators Mr. Amos ordered other institube named are Abell, of Morris, tions to in the belief that not open Pierson, of Union, Republicans, and they were in financial position Democrat, Sussex. The Cole, withstand large withdrawals which may include house might result from excitement inciRepublican Floor Leader Gabrielson, dent the closing of the Southern Assemblyman Leap, of Essex, Bank Trust Co. Under normal Salem, the Republicans, and conditions they could operate, he Democrat unknown said, adding that there had been no Both the senate and house will sign of either place. here tonight. This afIn announcing that the Southern ternoon the joint committee on railBank Trust Co. had suspended roads canals which Senator business but would re-open March Davis, of Gloucester, is the chairand that the state had will hearing on his bill taken charge at the request of its which would require the state and officials, President Lummus said the interested counties or municipublic statement that "large palities to share with the railroads mands for cash during the last few the costs of removing dangerous days had been caused by anonymous grade crossings. letters written to depositors and (Turn Third Page, Please)
6.
February 6, 1928
Pittsburgh Sun-Telegraph
Pittsburgh, PA
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3 MIAMI BANKS CLOSE; HEAVY RUN ON 4TH
MIAMI, Fla., Feb. determine run on the First National Bank began during the noon hour today follow. ing the failure of three other Miami financial institutions to open for business today. The bank's large lobby dated all who to gain adup to Other large banks reported nor business THREE BANKS CLOSE The three banks which falled to open today were the Southern Bank and Trust Company, the Citizens' Bank and the Bank of Allapattah The Southern Bank and Trust Company requested Comptroller Amos to assume charge of its af fairs, pending strengthening finances. following heavy with. Brawals of deposits caused by cir culation of anonymous letters predicting its Mr. Ames ordered the other instiJutions 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 Southem Bank and Trust Company Under conditions they could operate. he said. adding that there had been no sign of a run at either place.
7.
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.
8.
February 7, 1928
The Morning Call
Allentown, PA
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LETTERS RUN ON BANK
Miami, Fla., Institution, Forced to Suspend Others Affected
Miami, Feb. letters predicting the failure bank caused that suspend business today, sulted indirectly the temporary closing of two others, brought about fourth which called from federal in Jacksonville bolster its The but started noon the First National bank that Ernest Amos, comperoller, had taken affairs the Bank and and the Bank of Allapattah temporarily closed. Explaining he had taken control Bank and Trust instance ficials caused the of the letters, Amos said he ordered the other banks closed through fear they might able to He made for cool declaring the banks would have been able to remain open under normal conditions.
9.
February 7, 1928
The Brooklyn Daily Times
Brooklyn, NY
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SENT HIGH SCHOOL PROBE TO FLORIDA BANK PLANNED
First National of Miami Takes Precautions After Three Institutions Close.
Fla cash was being brought Miami today of of the of after banks closed their alight on the after the other banks had closed follow million hundred thousand dollars brought airplane Re ad ditional being that closed yes the Southern Company The au for the responsible the When Bank Trust failed to open its doors the Citi Bank of Miami and the Bank of At president of the Bank and Trust closed after the he the insti hands of Ernest probably be Shortly assuming control the condition to reopen for business March banks business under normal could not run curred AS of the tense South Bank and Trust pany was at and last night had posits of Citizens' Bank of Miami also capitalized at 480 the Bank of Allapattah had stock of of
Grand Jurors' Ass'n Names Committee Some Institutions Being on Double Time.
Grand members are of the Grand of that county has ap pointed to undertake an subject high school modations Queena The has called affects only the but the elementary pupila Not the borough high double but all the children of one the apportioned various schools to make for the classes It probable the of the Grand has the of Philip No. and of the Allied Associations of la member Grand Mr. Mc in the Ridgewood ergreen. Metropolitan for high school In Ridgewood recent Mr 900 children be loss said also that that Maspeth in on and those at the by Mr All 66 in Richmond has been for high school and the elementary class youngsters quotas schools of the the top floor of S. HID is exclusively for high chool purposes
10.
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.
11.
February 7, 1928
Fort Worth Record-Telegram
Fort Worth, TX
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LETTERS CAUSE 'RUN' ON BANK
Associated
MIAMI, Fla., Feb. 6.-Anonymous letters predicting the failure of one bank caused that institution to suspend business here today, resulted indirectly in the temporary closing of two others and brought about a run on a fourth which called for $7,000,000 from the Federal Reserve branch bank in Jacksonville to bolster its cash The run, determined but orderly, started at noon on the First National Bank following announcement that Ernest Amos, State Comptroller, had taken charge of the affairs of the Southern Bank and Trust Company and ordered the Citizens Bank and the Bank of Allapattah temporarily closed. Explaining he had taken control at the Southern Bank and Trust Company at the instance of its officials because of withdrawals, caused by the circulation of the anonymous letters, Amos said he ordered the two other banks closed through fear they might not be able to weather possible runs. He made plea for "a cool and collected public spirit," declaring that the banks would have been able to remain open under normal conditions. Meanwhile the reverberation was felt in an unexpected quarter when the run quietly was begun at the First National. Until closing time the tellers were rapidly handing out money to every depositor demanding it while officials of the institution mingled with the crowd to spread encouragement. At no time was the lobby of the bank, holding about 250 persons, crowded beyond its capacity. Officials estimated that the day began with $1,750,000 cash and that only about $350,000 was paid out during the day. When the bank closed for the day's business at the regular closing time of 2 o'elock, officials calmly announced that, in event the run was renewed tomorrow, they would have more than $7,000,000 in cash and would meet every demand. They said an airplane was bringing $1,500,000 and that the rest of the money would be sent from Jacksonville by train. No other banks in the city were affected.
12.
February 7, 1928
The Chickasha Daily Express
Chickasha, OK
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'Run' Launched On Miami Bank After Three Are Closed
(By The Associated Press) Miami, Fla., Feb. 6.-A determined run on the First National Bank began during the noon hour today 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. Officers of the First National Bank mingled with the crowd in the lobby and could not be reached immediately for a statement. The bank's regular closing time was p. m. The Southern Bank and Trust company requested Comptroller Amos to assume. charge of its affairs pending strengthening of finances, following heavy withdrawals of deposits caused by circulation of anonymous letters preits failure. Mr. Amos ordered the other institutions not to 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 a run at either place.
13.
February 7, 1928
The Chickasha Daily Express
Chickasha, OK
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time handing out money to depositors as they demanded it. Other or 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 reported Inter that deposits showed a jump, the City National announcing a $400,000 boost. James H. Gilman, president of the Bank of Bay Biscayne, largest bank of the section, and next to the First National, most heavily beleaguered in yesterday's excitement, announced "While withdrawals were numerous, due to unfounded rumors which cause temporary excitement, we have satisfied every demand and we have on hand and in transit sufficient funds to comtinue do so, President E C. Jomfh of the First National Bank, declared that the Jack-
14.
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.
15.
February 8, 1928
The Brooklyn Daily Times
Brooklyn, NY
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BANKS IN FLORIDA WEATHER CRISIS
Police Seek Man Wrote Notes Closed Three Institutions. police sought mysterious writer. warned against money several Miami banks and thereby caused that forced them close, other banks today ported the tense financial situation There some from Bank Biscayne. but ficials that these were "penny with small and that their reserve shape Officials the First National brought in the Federal Reserve Bank at their accounts in excellent The Bank and Trust Company had closed Monday after notes signed "Hiram," had been passed warning of the bank's Runs forced Citizens Miami and Bank Allapattah close
16.
February 8, 1928
The Brooklyn Daily Times
Brooklyn, NY
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BANKS IN FLORIDA WEATHER CRISIS
Police Seek Man Wrote Notes Closed Three Institutions. Miami, Feb. police sought mysterious note writer, warned against depositing money in Miami banks and thereby caused runs that forced them close, other banks today ported the tense financial situation eased. There withdrawals Bank Biscayne, but ficials that these were their reserve was in excelOfficials the First National more brought from Federal Reserve their accounts in excellent The Southern Bank and Trust closed Monday after notes signed passed around. warning bank's condition. Runs forced Citizens Bank Bank to close.
17.
February 10, 1928
The American Guardian
Oklahoma City, OK
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Letter Predicting Failure Starts Run banks their and fourth the throes on it the result of ure of the National here. The run started on the First tional Bank following word Ernest Amos, affairs Southern Bank and Trust ordered the Bank Bank Allapattah temporarily closed. Explaining he had taken control the and Trust the of its Company ficials because of by the circulation Amos said anonymous ordered the they might not through fear weather possible National with The First of from the several millions Federal Reserve was