d1aa567fAccommodated withdrawals, Borrowed from banks or large institutions, Full suspension, Books examined
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Banks In Miami Beach Closed Under Orders Miami, Fla., Dec. 23 (AP)-The city bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National Bank in Miami, did not open this morn- ing. president and cashier said the bank closed at the order of state bank examiners to protect its assets. The bank had a capital stock of $100,000. surplus of $50,000 and deposits of $600,000 at the last call.
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New Commander LONDON VISITED BY DENSE FOGS Seven Persons Meet Death In Accidents-Traffic Blocked LONDON, Dec. 23 (AP) Opaque fog. thickened by soot and smoke from London's soft coal burning factories, pressed down on the city and southern England again today, hampering communications and slowing shipping In adjacent waters to almost complete stoppage. Veterans recalled the fogs of 30 years ago, before the softeoal nuisance had become so pronouneed as being the only conditions of recent time which might be compared with conditions in southern England during the past few years. The greatest tie-up of rail, high way, air and water transportation in the memory of the younger generation has resulted the heavy evil smelling mists, and the postal service. as a consequence. has been totally unable to cope with the Christmas parcel rush. People leaving business late yesterday evening found no means of reaching their suburban homes, with trains and'omnibus lines suspended or the services greatly curtailed. Railroad terminals and stations were crowded with people with places to go but no way to get there. Traffic Jame Hyde Park corner presented one of the worst traffic scened. A brilliant flare failed to penetrate the mist more than a few feet. Hundreds of vehicles of all kinds were jammed in long lines which were able to move only a few inches at a time. In less congested districts chauffeurs and extra bus drivers walked ahead with flares to light the way for their vehicles. The remarkable thing has been that such/ accidents as have occurred have been principally of small moment and most injuries have been minor. One of the Associated Capt. A. B. Randall will take com mand of the liner Leviathan wher Commodore Harold A. Cunningham retires in February. CITY BANK CLOSES MIAMI FLA. Dec. 23 The City Bank of Miami Beach which underwent heavy run yesteriday following the closing of the City National Bank in Miami did not open this morning C. L. Clements, vice president and cashier said the bank closed at the order of State bank examiners to protect its assets. The bank had capital stock of $100,000. surplus of $50,000 and deposits of $600,000 at the last call. POINCARE IMPROVES PARIS, Dec. 23.-(AP)-A slight congestion of the lungs which NOtarded the convalescence of Raymond Poincare yesterday has cleared up, the war time president's physicians announced today. and his condition was definitely improved this morning. The doctors' bulletin said no further communiques will be issued for several days. worst accidents occurred off Gravesend. when a ferry boat fouled a buoy in the inky darkness and 400 passengers were transferred to tugs for the trip shore. Seven persons have been killed altogether within the last day in accidents directly ascribably to the fog. but under the circumstances a much greater total might have been expected.
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NEWS HAS EXPLOSION Acetylene Gas Plant Explosion Hurls People From Beds NEWS, Va., Dec. 23. gas plant of the Virginia Gas Products early today hurled people from their beds, catapulted furniture around rooms sent hundreds fleeing into and frigid atmosphere in their night clothes. Police conducted hurried investigation said no one was killed and that injuries suffered were minor, principally from flying glass. CITY BANK Dec. City Bank of Miami Beach which underwent heavy run yesterday following the closing of the City National Bank in did not open its doors this morning.
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BEACH BANK IS SOLVENT, VICE PRESIDENT AVERS HE'LL TELL ALL OF BANK STORY Closing Blamed on Failure to Reach One Director by Wire "TO PAY IN E. P. Duncan Appointed Has Nothing to Conceal Liquidator by State as Secret Hearing Comptroller Continues Hugh Gordon. Jr., president of the City National bank, will appear this afternoon before N. Vernon Hawthorne, state attorney, to testify about circumstances about the bank's closing and about promises of Penney, chairman of the board. to support the institution to the limit. This was announced early this afternoon, after Mr. Gordon had testified more than two hours the state attorney's office. Whether the investigation would lead to subpoenas for other officers the bank would not be divulged by Mr. Hawthorne. Asked definite statement about the nature of the inquiry, Mr. Hawthorne referred his questioners to the subpoena issued for Mr. Gordon. which asked him bring original statements by Mr. Penney, promising support to the bank. made on April and June 1930. Mr. Gordon said was request Mr. Hawthorne to appear before him in connection with the closing the City National bank. and have answered, to the of my ability. and gladly, every question he has asked am sure one connected with the bank will be glad furnish The records speak for and none of us anything to Mr. Gordon said he did not want go until had been closed. nor would he indicate what questions had him. D. H. Redfearn. attorney, who made vain attempt to be present during the questioning. left for office. but it might be recalled on subpoena to testify about the cumstances of Mr. Gordon's employment bank president. It claimed he was present at the inter view Mr. Penney and Mr. Gordon, at the time Mr. Gordon's selection president. request made by Mr. Gordon this morning that the hearing be made public was denied. The request denied. H. Redfern. Mr. Gordon's attorney, said the reason they were in sistent other persons being present was that Mr. Penney in long distance telephone "was trying move and earth to prevent the facts in this hearing being made public. Mr. Hawthorne denied he had heard of such attempts. During the preliminary discussion. Mr. Gordon said "the affairs of the (CONTINUED ON PAGE THREE) The City Bank of Miami Beach has not failed. It failed to open this morning only officers could reach telegraph the only absent member its directorate thus comply with legal technicalities for converting some of its assets into cash. Such are the facts revealed by statement given the Daily News noon today by Clements. vice president and cashier the Beach institution. Mr. Clements concludes his statement. by saying: "It is our plan to reopen the bank and we certainly have hesitancy that we feel every depositor will be paid in full within very reasonable length of time. E. general liquidator for Dade county banks, today ceived the following message from Ernest Amos, state comptroller "As general liquidator for Dade county hereby tender the appointment as liquidator for the City Bank Miami Beach. Mr. Duncan back his acceptance The story and ficials of the Beach bank labored through all Monday night to prefor further today after the City Bank had weathered Monday that drained $150,000 cash from its tills, only thwarted by delivery of single telegram reads like chapter from legend. But President Clements tell in his words this dietated statement to the Daily News: "On Saturday night, the last business day before the City National bank failed open on Monday morning. the City Bank of Miami Beach had approximately $960,000 posits of which $630.000 public funds. proximately $330.000 in individual deposits. "All of the secured deposits had an bonds. The state approximately $30,000 they released $15,000 on Monday. leaving them still of approximately $15,000. The county and the city had excess coverage of approximately the same amounts. little more in the case the county. "Against the $330,000 unsecured deposits, had this excess coverage of the same amount. total excess coverage of approximate$40,000. In addition to this. had cash on hand. and deposit with other banks of approximately $182,000. In other words. we had approximately of our unsecured deposits in the form of cash, and excess coverage in liquid bonds. "Naturally, in stress those charge of public funds would not inclined release small amount excess collateral. On Monday the first day following the City bank. we paid out $150. 000 currency and through our for advance, of which. after going carefully our deemed amount take care of needs. "After the terms of the advance had agreed our correspondent bank. the details ing the plans out turned over the for the banks, the work carried on all night. Monday night. preparing the papers and checking the legal details of the "Later the night. due technicality our laws to which attenwas called by the attorneys handling the matter. informed that the legal details of the transaction could not be approved without meeting of the board directors of the bank. and that the meeting could be held without due notice on account of the wording in our by. laws. unless all of the directors were present sign waiver. "One directors. Max Orovitz. New York and worked all night get touch with him to telegram authorizing us sign waiver part. but unable do Copy telegram. addressed train which we thought he traveling follows: 23. Miami Line New York Florida Limited 191. this extremely important any way possible mond following ON PAGE THREE
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TWO BANKS CLOSE CONN Hartford Riverside Trust Pallotti Andretta & Tuesday by Bank Lester E. following on both Capital of the Riverside Trust company given savings and ANOTHER IN MIAMI FLA City Bank of Miami Beach, heavy run did Tuesday morning The capital stock and of deposits ONE IN VIRGINIA RICHMOND VA Bank of Va ed business Tuesday The capitalized of
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death would have important political consequences. HOBOKEN, N.J. Dec. ing attended Sunday school 20 years without missing a class, Miss Blanche Little has received a gold pendant, She began going to the First Presbyterian church at the age of 6. CLOSE FLORIDA BANK MIAMI, Fls., Dec. 23-(AP)-The City Bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. The bank had capital stock of $100,000, surplus of $50,000 and deposits of $600,000 at the last call.
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PHILA. BANK VISITS HOOVER, FLAYS NORRIS placed before President Hoover but he has said nothing Meanwhile the Republican independent group in the Senate for serious diswas preparing Norris himself is. pute. statement last night desued and today Senanouncing tor Brookhart. Republican indeof issued statement which said: "Secretary Mellon has no right to set up a Republican committee with money to over. ride any Republican Senator who listens to the voice of the people. "Robert H. Lucas says there a cancer in the Republican party and that it must be cut out. He is right. But he does not recognize the cancerous part. The personal head of this cancerous growth is Andrew W. Mellon. "Robert H. Lucas is only little wart under the toenail of this big personal- USED G. O. FUNDS The Senate Campaigns Funds Committee. which Lucas had financed some antiNorris campaigning in Nebraska. yesterday found Lucas had used funds of the Republican National Committee in securing the loans he made from bank here to pay the anti-Norris propaganda Stunned by the furore of the sudden controversy. the Senate Republican leadership is watching silently Senate Republicans insist the issue of Norris right to party recognition is not up them and they are watching the attitude of the President and the national committee toward Lucas The Kentuckian still has his job and. therefore. apparently the support of the party On reaching the capitol. Representative also heads the Appropriations Committeesaid he had President Hoover: "It is the duty of every Republican to stand behind Mr. Lucas. Although all might not agree with the way Mr Lucas did things am sure every real Republican agrees with his idea. Wood later declared "It is time for the Republicans to speak out in meeting and rid themselves of people like Norris. He is nothing but wolf in sheep's clothing. Why. would lot rather have to deal with Democrat in the Senate, than pusedo Republican like the Nebraskan.' and stockholders having claims of more than $2,000,000 against the closed Bankers Trust Company and its 19 branch offices were assured to. day the bank is solvent and that they will receive 100 cents on the Plans already are under way for the reorganization and the early re-opening of the huge institution according to Samuel H. Barker president of the 000 concern. MIAMI Fla., Dec. The City Bank of Miami Beach which underwent heavy run yesterday following the closing of the City National Bank in Miami. did not open this morning. HARTFORD Conn. Dec. Hartford banks. the Riverside Trust and Pallotti Andretta & Co., were pended today by Bank Commissioner Lester Shippee. followon both institutions ing runs which have been in progress since last July. BESSEMER Ala. Dec City National Bank the Bessemer Trust and Savand ings Bank failed to open today. Officials said they were "acting for the best interests of depositors.
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Second Miami Bank Fails to Open Today Miami. Fla., Dec. 23 City Bank of Miami Beach, which underwent heavy run yesterday after the closing of the City National Bank in Miami. did not open this morning. C. L. Clements, president and cashier, said the bank closed at the order of state bank examiners to protect its assets. LEGION ACTIVITIES Great Aid to Veterans and Orphans Stressed by Department Department headquarters for the American Legion of Vermont has Issued from Montpeller statements of the Legion't activities during the past year including their programs for boys throughout the country, and the vast amount of money received for ex-soldiers in the form of disabilit ycompensation adjusted insurance and other claims, the total reaching more than five million dollars. They urge these as sufficient reason for any eligible person to carry membership in the Legion. The world's greatest salt-mines are near Cracow and have been worked for 600 years.
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BANK AT MIAMI BEACH IS CLOSED the Associated MIAMI, Fla., Dec. City Bank of Miami Beach, which underwent a heavy run yesterday, following the closing of the City Na tional bank in Miami, did not open this C. L. Clements, vice president and cashier, said the bank closed at the order of state bank examiners to protect its assets. The bank had a capital stock of $100,000, surplus of $50,000. and deposits of $600,000 at the last call.
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MIAMI BEACH BANK IS CLOSED AFTER RUN MIAMI. Fla., Dec. 23.-The City Bank of Miami Beach, which underwent heavy run Monday after the closing of the City National Bank in Miami, did not open Tuesday morning. L. Clements, vice president and cashier, said the bank closed at the order of state bank examiners to protect its assets The bank had a capital stock of $100,000, surplus of $50,000 and deposits of $600.000 at the last call.
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Miami Beach City Bank Shut Today MIAMI, Dec. 23. City Bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National of Miami, did not open its doors today. C. L. Clements, vice-president and cashier, said the institution would pay depositors 100 cents on the dollar. He said the bank was closed on order of state bank examiners to protect the assets. The City Bank of Miami Beach had a capital of $100,000, $50,000 surplus and deposits of $600,000. The September 30 statement of the lank listed its total resources at more than $1,000,000 and deposits of nearly $900,000 at that time. Meanwhile, Hugh H. Gordon, jr., president of the suspended City National Bank of Miami, was questioned privately today by State's Attorney Vernon Hawthorne, concerning three statements made at various times by C. Penney, New York capitalist, regarding his support of the bank. Gordon said before going into Hawthorne's office he would not comply with a request to produce the originals of telegrams sent by Penney April and June, assuring President Gorden and the depositors that he "stood squarely behind the bank." BESSKMER, Ala., Dec. 23. The City National Bank and BessemTrust Savings Company with total deposits of nearly $1,250,000 failed today.
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Final Flashes Study Records of 125 Girls NEW YORK, Dec. records approximately 125 girls named as and convicted of immorality charges were being studied by the staff of the appellate division into the inquiry minor courts today with view to recommending pardons to Gov. ernor Franklin D: Rooseveit. Miami Beach Bank Closes MIAMI BEACH, Fla., Dec. City Bank of Miami Beach was closed today to protect depositors, officials announced, after run on the bank yesterday. Loos Leads Golfing Parade AGUA Dec. Loos, of Chicago and Pasadena, led the finishers in the first round today. qualifying play for the $25,000 Agua Caliente Golf Tournament May Match Rosenbloom, Slattery NEW Dec. second Maxie Slattery light heavyweight world's championship match at Buffaio appeared likely today when Slattery informed the York New state boxing commission that he was ready to meet the champion. Gas Kills Husband and Family Dog TACOMA, Wash., Dec. Johnathan Churchill returned home today after shopping for Christmas food, she found her husband dead chair where she had left family was stretced alongside of lifeless. Churchill and the had been overcome by fumes escaping from gas jet which had been accidentally opened.
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Miss Harriet Monroe Reaches Anniversary Church Services To Be Conducted Harriet Monroe, "patron saint" of American poetry, came to her 70th By Use Of Talkie birthday anniversary today and spoke her faith in the future of her art and America's appreciation of it. For herself. "one success is enough in anyone's life." Although she wrote the "Columbian Ode" that 5,000 voices thundered at the inaugural of the world's fair in 1893. Miss Monroe will leave to another the writing of on ode for Chicago's century of progress exposition in 1933. BANK STILL CLOSED. MIAMI, Fla., Dec. 23 The City Bank of Miami Beach, which underwent heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. C. L. Clements, vice president and cashier said the bank closed at the order to protect its assets. The bank had capital stock of $100,000, surplus of $50,000 and deposits of $600,000 at the last call. RELEASE CRATE OF FOXES. SHELBY. Dec. 23 Here's Sheriff Irvin Allen's Christmas present to Cleveland county: Christmas day he will release a crate of gray foxes, inviting every man in the county who has hounds to participate in the hunt. HOUSTON, Tex., Dec. Talking picture machines will give mechanical church services in four Fresbyterian churches here January 12-15. H. Paul Janes, young member of the division of visual aids. publication department of the board of Christian education, Presbyterian church in the United States of America, gave private demonstration of the program yesterday. The equipment, if it satisfies the board. will be offered to churches all over the nation, Mr. Janes said. The program included an organ prelude- "The Angelues"- showing of the 23rd psalm, illustrated in color with musical background: number of hymns. two talking pictures in which Dr. William Ralph Hill. director of the department of home and church. and Dr. William Chalmers Covert, general secretary of the board, spoke-and postlude. BAD LIQUOR FOUND. easy on moonshine this Christmas." federal prohibition agents say. Having cracked several stills recently. they've found the liquor being made hereabouts "the worst in history.
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BRATIANU, FORMER POWER IN RUMANIA, CLAIMED BY DEATH Rumania, Dec. has ended the Balkan historical drama written by the three and Vintila, sons, who created Rumanian dynasty which toppled their line from power. Sixty-three years old. Vintila Bratianu, the last influential member of the family which for nearly 80 years moulded Rumanian politics. suffered stroke of apoplery Monday night at his estate, Milhaeti. and died soon afterward. leaving his bitterest eneKing clear field where he himself once had wielded power. Last June the Rumanian parliament voted 486 to to enthrone the returned prodigal, Prince Carol. as of The single dissenting vote was that of Vintila Bratian marked the end of the family's political power. elution of 1848 and in 1866 brought Prince Carol of ringen to to found. the present royal line. John followed him to power and ruled Rumania with high hant Vintila Bratianu played second fiddle to his brother. but together they staged the exile of Carol to France after he had difficulties with his father and displayed personal animosity to themselves. CITY BANK OF MIAMI BEACH CLOSES DOORS city bank of Miami Beach, which underwent heavy run Monday, following the closing of the City Na. tional bank in Miami, did not open Tuesday morning. Clements. -president and cashier said the bank closed in order to protect its assets The bank had capital stock of $100,000. surplus of $50.000 and deposits *$$$600,000 at the last call.
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MIAMI BANK CLOSES Fla., Dec. 23 City Bank of Miami Beach, which underwent heavy run yesterday following the closing of the City National Bank in did open this morning. Clements, vice president and said the bank closed in the order to protect its
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Large Miami (Fla.) Bank Fails to Open Miami, Fla., Dec. 23-(AP)The City bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. The bank had a capital of $100,000, surplus of $50,000 and deposits of $600,000 at the last call.
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SINKING WELL FOR HOSPITAL Ashland. Pa. Dec. 24 (INS). artesian well was being sunk here today in an effort to for the Ashland State hospital at Fountain Springs, near here. The reservoir which served the hospital went completely dry three months ago, necessitating drawing of water from Ashland borough. However, week ago the water supply the borough failed and left the hospital without a supply BANK FAILS TO OPEN. Miami, Fla., Dec. 24 (AP). The City bank of Miami Beach. which underwent heavy run yesterday following the closing of the City National bank in Miami, did not open yesterday. C. Clements, vice president and cashier, said the bank closed at the order of state bank examiners to protect its assets. BRIDE WEIGHS 400. Columbus, Dec. 24 (P)-The marriage Vida Frishy to John Krywick today was weighty matter at least in one respect. The bride is thirty and tips the scales somewhere beyond the 400pound mark. Krywick is thirtyfive, and weighs 155. SOUTH SCRANTON Fish and Chips, 25c Orders to take out. Why serve next Magnet Fish and Chips Shop 616 Cedar Ave. Phone 4-2336.
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Additional Banks Closed In East A run that started on the Prankli Trust Company yesterday after the the Bankers' Trust company had voluntarily closed its doors to conserve its assets, began to subside today bank officers an- MIAMI Fla. Dec. 24 (AP)-The City Bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National Bank in Miami, did not open this morning BEESEMER Ala. Dec 24 (AP) The City National Bank and the Beesemer Trust & Savings Bank failed to open today Officials said they were actir or the best in- Four of the five members of the basketball team of Carleton college, Northfield. Minn.. have played together three years.
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Close Miami Beach Bank Miami Beach, Fla. Dec. 24The City Bank of Miami Beach was closed today to protect depositors, officials announced, after a run on the bank. The city bank had a capita stock of $100,000 and deposits of approximately $600,000. The City National Bank of Miami was closed Monday.
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FLORIDA BANK REOPENS MIAMI BEACH, Fla., Jan. 13State banking will be made here today when City Bank of Miami Beach which closed Dec. 23, opens ready to pay 100 cents on the dollar. It closed following run on City National Bank of Miami despite declaration of directors that bank was sound.