1.
June 11, 1930
Messenger-Inquirer
Owensboro, KY
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LARGE BANK IN MIAMI CLOSES
Biscayne Institution Had Deposits of $15,000,000
Miami, June 11. Bank of Bay Biscayne, with deposits of and three affiliated financial institutions, failed to open for business today. statement by directors of the bank attributed the closing to "recent substantial with. banks were the BisTrust company, the Miami Beach Bank and Trust company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed deposits of and total deposits Gilman is president of the bank. The Bank of Bay Biscayne Miami's oldest bank. It has one of the finest buildings in the city, structure erected in 1925.
TEMPORARY CLOSING Homestead, June 11. The Bank of Homestead closed its doors today after opening for short time. An announcement was made by Assistant Cashier H. Grady Smith saying the bank was in good condition and that suspension of business was but taken for the purpose of avoiding local bank run account of bank fallures today in Miami. Smith said the bank expects to open in few days.
NEW JERSEY BANK CLOSES Vineland, June Vineland Trust company was taken today by the state commissionof banking and insurance to vestigate its company not open for business today. The trust company, which organized about years ago, has capital $100,000 and Its totaled cording to statement as of March were $1,800,619.
2.
June 11, 1930
Lexington Herald-Leader
Lexington, KY
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FIVE BANKS IN CLOSE
Miami Institution And Three Of Its Subsidiaries Hurt By Withdrawals
MIAMI. Fla June 11 (AP) The of Bay Biscayne, with deposits of and three affiliated fiinstitutions, failed to for today. statement by directors of the bank attributed the closing to "recent substantial withdrawals.' The affiliated banks were the Biscayne Trust Company, the Miami Beach Bank and Trust Company and the Bank of Coral of Bay Biscayne in its quarterly showed of $15,037 198 and total resources of J. H. Gilman is president of the bank. The Bank of Bay Biscayne is Miami's oldest It has one of the finest buildings in the city, structure in 1925.
HOMESTEAD BANK CLOSES HOMESTEAD, Fla., June 11 (AP) The Bank of closed its doors today after opening for short time. was made by Assistant Cashier H. Grady Smith saying the was in good condition and of business was but tempororaly taken for the of local bank on account of bank failures today in Miami. Smith said the L nk expects to open in few days.
3.
June 12, 1930
The Washington Herald
Washington, DC
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MIAMI. Fla., June 11
Nervousness among depositors in five local banks decreased late today with the arrival of 000 cash by airplane from Jacksonville and optimistic ports from city and State bank ing officials. Failure to open for business today the city's largest and oldest financial institution and three branches sent depositors for information and their money and caused an other bank to shut down to avoid run. Bank of Bay Biscayne with its affiliated Biscayne Trust Company. Bank Coral Gables and Miami Beach Bank and Trust Company stood closed behind the notice officials that action lowed consultation with State comptrollers. heavy withdrawals recently and reported "frozen The Bank of Homestead shut down early with the expressed purpose of avoiding The Bay Biscayne Bank. capitalized at holds $15,000.in deposits.
4.
June 12, 1930
The Press Democrat
Santa Rosa, CA
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4 Florida Banks With Millions on Closed Deposit,
MIAMI, June 11 The Bank as March and three failed open for business ment by directors the bank, tributed closing to "recent substantial withdrawals." Gilman president of the bank. The affiliated banks were Trust Company ami Beach and Trust Company, and the Bank of Coral GaThe Bank of Bay Biscayne Miami's oldest has one finest buildings the $400,000 structure, erected 1925.
HOMESTEAD. June Bank its doors day, after opening time Cashier Grady Smith said that the ness taken for the avoiding local bank run count bank failures today Miami, and the bank would open few days.
Black Atlanta today ing from sonville branch the Federal Re This would banks that are members the Federal
5.
June 12, 1930
Tampa Bay Times
St. Petersburg, FL
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Millions Sent To Miami Banks from Page clined to give later figures as to the bank's approximation of the amount of recent withdrawals. Capital stock was listed surplus profits at statement issued by the subsidiaries same time, the Biscayne Trust company was listed having $1,520,041 deposits and resources. Miami Beach Bank Trust company showed $2,349,943 deposits and $2, The Bank Coral Gables listed deposits of $606,of Withdrawals Are Heavy Heavy withdrawals reported by other banks of the city, but the arrival of in cash by airplane from Jacksonville depository Reserve bank this by Gov. R. Black of the Federal Reserve bank that total $6,000,000 in route banks to allay fears of depositors before President E. C. Romfh of the First National bank, said his had paid out $500,000 large today, and that cash was available meet all demands. The First closed at its regular o'clock The City National bank open after its reqular closing hour give depositors money they chose. President Hugh Gordon, withdrawals had and that funds were for all Flies To Miami Creed of the Federal bank this district here today by airplane from Tampa. went conferthe of Bay the Arthur W. Saarinen, banking took affairs of the closed bank formal from President Gilman the of the this with the was not the open this bank and its affiliated the pany, Miami and Trust comthe Bank of all order of our deposthe fullest extent. "This made after due consideration, was due to recent substantial withdrawals.' It was estimated that between 8,000 and affected of the Miami area banks. L. Chandler, chairman of the of the bank, said the had been closed measure in order to prevent run.
APPOINTED Appointment Duncan of Miami, for Dade Broward the five banks which failed Dade county today was by Comptroller ErAmos Four of the banks-the Bank of Bay Biscayne Trust company, Miami Beach Bank and Trust company, Bank Coral Gables -suspended during forenoon. later department the the Fla., which capitalized $35,000.
6.
June 12, 1930
The Brooklyn Daily Times
Brooklyn, NY
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5 FLORIDA BANKS TO PAY DEPOSITORS
$2,000,000 Arriving by Plane Allays Uneasiness. Miami, Fla., June 12.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by State banking officers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday. One of the banking officials insisted the situation was not acute, and declared that the conditions which led to the closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. The banks which closed were the Bank of Bay Biscayne, with resources of 182,292: the Biscayne Trust Company, with 1,962,148: the Miami Beach Bank and Trust Company, with $2,593,281: the Bank of Coral Gables, with $743.759. and the the Bank of Homestead. Local bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said.
7.
June 12, 1930
The Oklahoma News
Oklahoma City, OK
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MORE FLORIDA BANKS SUSPEND
Total Closures Recently Reach 12; Rush Money to In-
June Bank of and the Guaranty Title and Trust smaller also bringing 12 recent bank in Florida. Clearwater on the Florida west Arrival Miami of by airplane and several reassuring statements state banking officers helped allay the who had funds in five banks which closed Wednesday In addition to the plane shipment 000,000 expected by rail to aid in restoring confidence. The which the Bank Bay Co., 148; the Miami Beach Bank Trust Bank Coral Gables, and the Bank of Homestead.
8.
June 12, 1930
The Evening News
Harrisburg, PA
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PLANE CARRIES AID 5 BANKS
Fla., June Bank of Clearwater, capitalized $250,000, and the Guaranty Title and Trust Company, a smaller stitution, also of closed their doors today, bringing to twelve the number of recent bank in Florida. Clearwater is on the Florida west near Tampa.
MIAMI, Fla., June are $2,000,000 in cash by airplane and several reassuring statements state banking officers helped today to allay the uneasines depositors who had funds in five banks which closed here yesThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Company, with the Miami Beach Bank and Trust Company, with $2,593,the Bank of Coral Gables, with $743,759, and the Bank of Homestead Local bankers said they were confident normalcy would stored when the public understood the cause of the heavy run made on the institutions. They had the of from the Federal Reserve were needed, they said.
9.
June 12, 1930
The Wichita Eagle
Wichita, KS
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IN FLORIDA SHUTS DOORS
Subsidiary Institutions Suit Following Heavy Runs
MIAMI, FLA., June Bank Bay Biscayne, oldest nancial institution South Florida, and three in metropolitan Miami failed to open for business today. the Miami Beach Bank Trust company, the Bank Gables, and the BisTrust Notices posted on the doors of the said the had been taken by depositors" and because of "recent fifth banking house, the Bank Homestead, after being open hour, with the statement would few days. Homestead south Miami. Officials said the closed The Bank of Bay Biscayne listed total and of March in its last Capital listed and surplus and profits at $1,145,Other banks in the city and in the heavy during the
10.
June 12, 1930
The Bellingham Herald
Bellingham, WA
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MONEY FLOWS IN FIRE LOSS IS HEAVY REGISTERED QUAKE
Refineries of Texas Oil Company Are In Flames
PORT ARTHUR. Tex., June 12.the refineries the Texas Company near here billows of sending flame and feet of the air and taking toll of life property. Starting undeterminer origin the plant, fire destroyed refining unit and vastated an eight blocks square Damage estimated at between $3,000,000. Hatch, died in hospital here today from burns when tanks of and exploded in the terrific heat. Eleven other were burned when flaming oil and for pitals. Another slight bruises. Physicians all the injured The fire started in of the one treating units, where, oil treated by chemicals, spread quickly to nearby structures. Employes were unable escape before the three tanks exploded. As uninjured employes clothing of the fire spread to the huge The oil-soaked ground and buildings caught fire easily, and the blaze spread 80 fast that feremen could not cope 200 feet away from the Employes and officials alike labored construct fire breaks keep the flames from spreading. was thought they had fire to the unit in which Damage to the refinery was mated K. Holmes, plant superintendent. An engineer the company that the loss might mount as high as before the The pumphouse, fertilizer plant, three tanks of oil and gasoline and six batteries of treating units were destroyed.
Disturbance Believed Not Far From Puget Sound hour duration, which at 1:51 and was 'not far was described today seismoregistered graphs at the University of Washington.
THREE SHOCKS REGISTERED earthquake were registered the St. Louis university today on Father Joseph Joliet The disturbances about miles distant. first 1,140 few The second. lasted 45 minutes third short. All the were of medium intensity.
Rush On Southern Florida Banks Believed at End
MIAMI. Fla., June arrival $2,000,000 in cash The airplane and several reassuring state banking offistatements by cers helped allay the of depositors funds in which yesterday. In addition the plane ship$4,000,000 was expected by rail today to aid in restoring confidence. One the banking officials inthe situation not that conditions which closures would have adjusted themselves there had not unfavorable "talk," bankers The closed were the Bank Biscayne, with resources of the Biscayne Trust Company, with and Miami Beach Bank and Bank Coral Gables, with and the Bank of Homestead. Local bankers said they were confident be stored the public the the heavy made the institutions. They the assurance of additional aid from the federal reserve if it were needed, they said.
FAIL TO OPEN Fla., June small financial instituthe Bank of Clearwater Guaranty Title Trust failed today. Notices pany. stated the had been asked to take charge to protect depositors.
11.
June 12, 1930
The Knoxville News-Sentinel
Knoxville, TN
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MIAMI RECEIVES MONEY BY PLANE
$2,000,000 Rushed to City Where Five Banks Closed.
By United Press MIAMI, Fla.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by state banking officers helped today to allay the uneasiness of depositors who had funds +n five banks which closed yesterday. One of the banking officials insisted the situation was not acute, and declares the conditions which led to closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. It was said today that an additional $4,000,000 was being rushed Into the Miami district by mail. It will arrive this afterThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Co., with $1,962,148; the Miami Beach Bank & Trust Co., with $2,593,281; the Bank of Coral Gables, with $743,759, and the Bank of Homestead. Local bankers said they were confident normality would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said.
CLEARWATER BANK FAILS By United Press Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, went into the hands of the state banking department today and closed their doors.
12.
June 12, 1930
Transcript-Telegram
Holyoke, MA
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$2,000,000 BY AIR FOR FLORIDA BANKS
Five in Miami Open Relieved. ness depositers in five local banks with the arrival in cash by airplane from and optimistic reports from and offici. als.
Failure to for business the largest oldest finanand three branches depositors scurrying for information their money, caused another bank to shut down to run, stopped abruptpadlock heading the residence of Scarface, Chigang leader. Bank Bay Biscayne with its Biscayne Trust Bank Gables and Miami Beach Bank Trust Co. stood closed hind notice officials that tion followed consultation heavy recently and reported "frozen The Bank of Homestead shut down with the expressed puravoiding The Bay Biscayne Bank, capitalized at $1,000,000 hold State banking officials at Talla. blamed around the and frozen assets for failure the Biscayne banks and the assets failure of five recently erican Bank the Ninth Street Bank Trust, Fidelity, First First National. with capital of President Romfh of the Miami First National of the brought by plane would be used other the closed houses.
13.
June 12, 1930
Mount Vernon Argus
White Plains, NY
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FUNDS RUSHED FIVE BANKS
State Officials Allay Fears of Miami Depositors
Miami. Fla. June The arrival of $2,000,000 in cash by airplane and several reassuring statements by State Banking offihelped today to allay the easiness had funds in five banks which closed One of the banking officials insited the not acute and the conditions which led to the closures would have adjusted themselves if there had not unfavorable "talk," some of it by bankers The banks which closed were the of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Company, with $1,962,148; the Miami Beach Bank Trust Company, with $2,593,the Bank Coral Gables, with $743,759, and the Bank of Local bankers said they were normalcy be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance additional aid from the Federal Reserve it they said.
14.
July 4, 1930
The Tampa Tribune
Tampa, FL
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AMOS LOSES IN WITNESS POINTS FIGHT ON MIAMI TO PRISONER AS RECEIVER
Ritter Denies Motion To Dismiss Suit
MIAMI, July attorneys for Comptroller Amos dismiss petition fedfor defunct Bank Bay Biscayne denied today Federal Judge Ritter Attorney General Davis, representfiled notice of appeal the United circuit court appeals. Judge morning for fixing bond for the appeal. Ritter motion by Bank of Bay Biscayne several days ago.
Suit By Depositors
The petition for federal receiver brought Mrs. Rosa Hankins husband Cook county, Illinois, after closing the bank and three subsidiaries Miami June The petitioners alleged officials of bank known was insolvent June when Mrs. Hankins deposited $1500, that Comptroller Amos had been negligent his duty in connection with the closing. While the hearing was going on in federal court. committee deposiBay Biscavne addressing County Solicitor McCaskill and State Attorney Hawthorne, written request that posed county investigation of the affaird and conditions responsible for its insolvency be pushed. Another representing smaller stockholders, request the list all stockholders of the bank. that suits could be instituted once force immediate payment stock
New Bank Planned
In Miami Beach, plans going forward for the of bank known the Miami Beach the Miami Beach Bank Trust company. subsidiary to Bank Cleary, head the depositors committee of this bank. said Comptroller Amos plan pay immediately deposits, for percent in to freeze remaining 25 percent. committee depositors in the defunct Bank Coral Gables, second Bank of Bay sub(Continued Page
Another Sentenced for Carrying Weapon
CHICAGO, July war on gangland, started after the assassination of Jake crime reporter, today gunman jail for carrying concealed weapons and another hoodlum pointed out the actual slayer of Lingle. This new in the drama George Hurley, gambler and said picture had been by witness Lingle's that the killer the reporter and led the theory allied with the Capone gang. Hurley to have been affiliated the gang with the Wave which, Lingle stopped, leading to his
Make Denial
Both Pat Roche, state's attorney's chief and Charles special state's torney charge of Lingle quiry. denied Hurley been named the killer. Rathbun declined to say whether Hurley's name had been drawn inquiry. but Roche admitted had been arrested though released. after denying he ever had heard of ley. Newspaper investigators working the Lingle said that state's office deavoring keep Hurley's plication Hurley resided the hotel which twice has been raided in the last three Search for Jack Zuta, another Morgangster fired by gunmen Tuesday night while under police escort across the loop. went today, police seeking find him for questioning about the identity of the gunmen. Believe He Knows
Zuta had been arrested in connection with Lingle killing but leased. Police now think knows more than wherefore the attempt ambush him in the heart downtown business district, attempt which life of wounded another spectator. Governor Emmerson Springfield today signed extradition papers returning Frank Foster to Chicago from Angeles. Foster, fugitive gangster, indicted for Lingle murder. He had been (Continued on Page
15.
December 22, 1930
The Stuart News
Stuart, FL
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BANKERS TRUST IN PHILA FAILS, ALSO MIAMI CITY NAT'L
Withdrawals Are Blamed For Closing of Big Institution in East
DIVIDENDS FOR ST. PETE
One Receiver is Paying Off in Full and Another 15 Per Cent
PHILADELPHIA, Dec. 22. (/P)The Bankers Trust Company and its branches in this city closed today by order of Peter Cameron, secretary banking. "Steady seepage" of deposits, due to withdrawals the past few days, was given as cause of the State's action. The bank was said by its president to be solvent but it had been harrassed by withdrawals the 19 branches scattered throughout the city. The last statement showed deposits of more than $45,000,000 and assets of $55,000,000.
ST. PETERSBURG, Dec. 22. Depositors in two banks closed here last summer today were receiving payments from the receivers. Depositors in the First Security Bank are being paid in full and depositors in the First National are receiving checks for 15 per cent of their deposits. The first security was reopened with 75 per cent of the deposits frozen until January 1932. The new bank, Union Trust Compony, took over the reopened bank today and is paying the frozen deposits sooner than was promised. The First National receiver is paying a total of $622,000 in his first dividend.
MIAMI, Dec. 22. ment of the closing of the City National Bank, Miami's second largest financial institution, was made early today board directors. The board resolution said that heavy withdrawals "due to malicious rumors" regarding the bank's condition, were responsible for the closing. It was announced that the City National Bank of Miami Beach, the City Trust Company and the Guardian Trust Company, subsidiaries of the City National Bank in Miami, will not be affected by the closing. The statement dated September 24 gave resources of $7,000,000; deposits $5,800,000, with a surplus of $500,000. The bank was capitalized at $500,000. The Comptroller of the Currency has been requested to assume charge of the institution. Heavy runs developed on three other local banks but the erowds were orderly Officers said they had sufficient money in their vaults or on the way here to meet the demands of the depositors.
MIAMI, Dec. D. Keefer, liquidator of the Miami Beach Bank and Trust Company, has received state comptroller's warrants in payment of second 5 per cent dividend, be announced today. They will be paid to the closed bank's depositors presenting liquidator's ertificates of
Flor500,000 contri-
16.
December 23, 1930
The Miami News
Miami, FL
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Beach Dividend Check Payments Not Disturbed
Keefer Makes Arrangements for Cashing Them at First National
Closing of the City Bank of Miami Beach will delay payment of dividend checks to more than thousand depositors the suspended Miami Beach Bank Trust nounced today. The dividend is for five per These the second dividend be paid by E. D. Keefer, liquidator, were to been honored by the City bank wwhich failed to open today Shortly before Mr. Keefer had made with Ernest Amos, state comptroller. to have the checks honored at the First National bank. Miami. Efforts of the liquidator to have the dividend paid before Christmas appeared have been balked today when the City bank failed open its but telephone communications with Mr. Amos led arrangements the Miami bank was instructed by the comptroller honor the dividend checks. All depositors the suspended Miami Beach bank will find their checks waiting for them the First National. Mr. Keefer said. The ready to be paid the City bank yesterday. but cause of run the bank. few positors
17.
December 23, 1930
The Miami News
Miami, FL
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BANK AT BEACH TO PAY IN FULL
PAGE ONE)
City Bank of Miami Beach. 304 First National Bank building. Miami. hereby waive notice of meeting of the directors of the City Bank Miami Beach which was held Dec. 1930. said bank and hereratify and approve all the acts and things done performed said meeting by said directors.' your information this necessary secure funds to prevent failure of bank open this morning stop Under resolution bank borrowing Eighty Tousand Dollars terms conditions the adopted meeting stop Approval of all other dieretors Richardson "Having failed to out our affairs at Tuesday, only one turn the bank over state banking depart ment until and plans could be out. plan the bank and certainly have saying that feel that every positor will be paid in full within very reasonable length of time. Clements." The bank was closed the order state bank examiner to protect its assets. The following notice posted on the this morning: "Pursuant to authority from the state and for the all City Bank of Miami Beach has this day been suspended. (Signed) "L. FENN. "State Bank Examiner." The City Bank Miami Beach opened Aug. entirely institution around the Miami Beach Bank & Trust Co., which closed last took over certain assets of the bank closed and made available 50 per cent of depositors' money under the reopening plan. Officers of the City National bank the old Miami Beach Bank Trust represented in the personnel of Officers are Richardson Saunders. chairman the board of the City National. president: Clements. vice president and cashier: Directors Hugh Gordon. Louis Max Orovitz. G. Retalick. The bank at $100.000 surplus of $50,000. The last the City bank Miami Beach. Sept. listed. among the assets. $155,624.58 cash: $210,472.96 in governbonds: state and municipal bonds at and other market Deposits were listed capital and surplus, $150,000. FIRE KILLS AGED WOMAN Mrs. Barbara Stamp, 84. lighted her igniting her died in hospital She from the burns.
18.
December 24, 1930
The Palm Beach Post
West Palm Beach, FL
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MIDDLE WEST TO GET SNOW
Chicago, Dec white Christmas was for part of the Middle West in the government forecast Tuesday Snow predicted for Wiscon sin, upper Michigan, Minnesota, Iowa and North Dakota It may be snow and it may be rain in northern Illinois. Indiana and lower Michigan, the report ventured.
MIAMI BEACH BANK PAYS FIVE PER CENT per cent dividend checks for depositors in the defunct Miami Beach Bank and Trust were distributed Tuesday by E D. liquidator. The ready for distribution Monday Keefer said, from the City Bank of Miami Beach, but few depositors were served because of run that preceded the bank's failure to open Monday
FEDERAL RESERVE CUTS REDISCOUNT RATE TO 2
New Dec. 23 constructive step to help the recovery of business and industry the New York Federal Reserve Tuesday reduced its rate to per cent, the lowest in the history of the The action cutting the loaning rate to member banks from per cent, which has been in effect since June 19. was taken at a prolonged session of the board of di-
GROWERS LEAGUE ELECTS Orlando, Dec. 23.-(P)-L. B. Skinner, Tampa, was re-elected president of the Growers and Ship pers League of Florida in annual session here Tuesday Other officers named were E. L. Wirt. Babson Park, and R. B. Woolfolk Orlando, presidents; S. O. Chase, Sanford, treasurer and Randall Chase, Sanford, treasurer Curtis Robinson, Orlando, was reelected vice president and secretary Headquarters are maintained
The sheet anchor is the largest anchor on ship and is the chief dependence in time of storms.
Flavored ices wrapped in oiled paper, are just introduced by street venders in Porto Rico.
19.
December 24, 1930
The Atlanta Constitution
Atlanta, GA
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CLOSED BANK'S PRESIDENT QUIZZED
Attorney Vernon said tonight he considered calling other of the closed City tional Bank President Hugh H. for questioning in statements tributed Penney. New York capitalist. that would stand the financial Action of the failing today the Bank of Miami organized August defunct Miami Beach Bank Trust Company. The banks although officers and interlocking privately toby questions to him attempt Penney held liable depositors published statements that "squarely behind the bank. vice president and the for closing the bank failure by telegraph absent the comply technicalities for assets into cash. Duncan, liquidator for placed charge the institution by State Amos. explaining his of Gordon, Hawthorne said Gordon said that since has the City Miami he stood Penney and also the behind the ready. and ing financial that on April an emerrequest made for financial was and with: that the closing the Bay another another request made, which also was fully and promptly complied with. Gordon on last Friday when he heavy from the he caused Mr. Gwinn York the situation and requested that money be placed the federal bank Atlanta Saturday morning this that the would be looked he the money not placed touch Mr. and immediately called Mr. Penney who him the matter had called to his atten tion that reason should not been placed to the great himself other the same was both Mr. Gwinn Penney that they would comply with meet the emergency by furnishing further funds
MIAMI BEACH, Fla. Dec. depositors the defunct Miami Beach Bank Trust distributed today by E. Keefer. liquidator. checks for distrithe Bank Miami Beach, that preceded the bank's failure to open
BANK AND TRUST CO. OF NEW YORK CITY CLOSES Chelsea Bank Trust Company, people, State Banks Joseph Broderick today following heavy withdrawals. Broderick said closed the bank to preserve assets for depositors. owned Chelsea Safe Company and Exchange firm. The developed this morning Broderick caused Police and banking officials an reports that malicious injure banks circulating false rutheir financial condition. When the notice closing the Bronx branch afternoon line 300 depositors stormed the Several patrolmen rushed through crowd with volvers and formed around Two squads dispersed the crowd. There disorder other branches. national state but not either the federal the New York talized had deposits and total resources $23,000,000.
20.
January 15, 1931
Tampa Bay Times
St. Petersburg, FL
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Inspiring Confidence
Public admiration and confidence are called forth by the action of the largest bank in the second city in the land in authorizing its board of directors to withdraw from the bank's $8,for charging overdue paper and other accounts of doubtful value and to hold the remaining $4,000,000 as serve for possible contingencies. Here great financial institution playing fair with the public; exacting from itself the same kind of square-dealing it demands from those to whom it extends credit. It feels that it is right and proper this time to present to its depositors and stockholders statement its position similar to the statements which banks request from those borrowing money from it. Perfect candor on both sides always makes the best business bargain, regardless of the kind of transaction. Everyone knows that many banks have been hard hit by the collapse of the bond and stock market, by deflated real estate values and by business failures and failures, so concealing their condition destroys rather than maintains public confidence. There on bank of whose solvency never was run there was no doubt. This attitude of the banking world is stimulating that cannot fail to inspire public confidence. Truth is potent antidote for the and circulated poisonous whisperings rumors about of them, and with disastrous consemany for some. quences
Miami Beach bank closed December 23 New York capitalist reopened Tuesday, ting in bunch of money sufficient for the It is be the outcome will to hoped purpose. the that of the Miami bank not be same as last with milwhich was strengthened year dollar another New York lion deposit by capitalist.
Says the Jacksonville one blind, crazy, deaf and dumb knows how relieve the crime situation. When crimto inal convicted punish him trials and That repeal, new pardoning.' plain and positive fails to how to bring about the convictions. race tolAmericanism: Being uncommonly if the is far enough to need erant race away missionaries.
The earth patient and intervals makes effort rare shake off. but didn't Tradewind was good name, Atlantic storm wind. against an
Remember the good old days when farmers had enough to buy bricks. money gold now possible to be inoculated against nearly all the for office. except
21.
May 3, 1931
The Miami News
Miami, FL
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FIVE PER CENT DIVIDEND MADE BY BEACH BANK
Liquidator Payment to Depositors on May 11
E. D. Keefer. liquidator of Miami Beach Bank & Trust Co., has clared another per dividend said state be forwarded his Collins Miami will availon after May 1931. This is the fourth dividend paid to the defunct institution. the first been 50 per cent as of the date the bank ing this 50 dividend. Mr. per Keefer has issued icates for the remaining 50 per cent the depositors' on the dividend is third cent the closing the June 1930. The total paid by the including this dividend. imately of which $370,000 has been paid to creditors, In accordance with the with the City Bank Miami Beach. the of which the City bank sufficient of the defunct bank enable the to pay the 50 per dividend. the City bank the right to the dator all assets liquidated on May 1931. and the liquidator required the City bank out the cash after May 1, 1931. Such to the Thursday and the bank first lien on all sets in the liquidator full. Mr. Keefer that of the turned him are and that bank returned realize quickly from liquidation of other in his Mr. Keefer said reimburse the City bank and further to would not until this was accomplished.
22.
May 9, 1931
The Miami News
Miami, FL
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CITY BRIEFS
SENTENCE AFFIRMED Lige 1128 W. Fourth arrested last night and lodged in Dade county jail, his three peniten tiary sentence for conspiracy to im port liquor having been affirmed by the S. circuit court of appeals.
BOND GRANTED SUSPECT Bond fixed $100 corpus hearing late for M K. Faulkner. who is being held for Pinellas an em bezzlement charge. Faulkner applied for writ of habeas corpus before Judge H. F. Atkinson following his arrest here.
LIQUIDATOR E. D. Kee fer, liquidator of the Miami Beach Bank Trust Co., late yesterday filed suit for $35,000 damages against Malone, J. H. Malone and M. Ma lone. for amounts said to be due on promissory notes.
HOSPITAL DAY SET-Hospital day. will be observed throughout the world Florence Nightingale's birthday Her work a in the Crimean war resulted in the recognition of and the of of Officials of James M. Memerial hospital extended an invitation to the public visit there Tuesday. and
WEST PALM BEACH St EDSuit against city was started in West United district court yesterday Investment holders Bessemer alleged overdue city improvement bonds. through the law firm of Clark & Ellis. The initial action is praecipe for
ICE PICK WOU NDS BOY pick he ing on an Clarence Seigel. of 936 W. Sixth was the ice pick his abdomen He was taken to Jackson Memorial hospital where reported the vital organs had been injured. He later removed to his home.
LAW OFFICES MOVED Law firm Baldwin & Carr from 217 First offices 610 Security Benjamin Cohen, also has offices at the First has moved to the Security building.
23.
May 14, 1931
The Miami News
Miami, FL
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DIVIDENDS OF BANK AT BEACH ARE HERE
Checks for Third Five Per Cent Payment Available
E. D. Keefer, liquidator for the suspended Miami Beach Bank Trust Co., per dividend for They will tation of his 1035 Collins Miami This is the fourth paid to and May The first 50 per depositors' the bank pended June 1930. Liquidator's certificates were sued for the remaining 50 per cent of the which the present dividend is the third for five per $786,000 has been paid to depositors
24.
May 14, 1931
The Miami Herald
Miami, FL
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MIAMI BEACH NEWS
CREDITORS OF BANK GET DIVIDEND CHECKS
Fourth Payment Available For Depositors In Miami Beach Institution Five per cent dividend checks are available to creditors of the defunct Miami Beach Bank & Trust Company today at the office of E. D. Keefer, liquidator, 1035 Collins avenue, Miami Beach. Creditors will receive their checks upon presentation of liquidator's certificates. This dividend was declared May 2 and is the fourth paid to depositors. The first was 50 per cent of depositors' balances when the bank suspended business June 11, 1930. Liquidator's certificates then were issued for the remaining 50 per cent of the depositors' balances, on which the present dividend is the third for per cent. Approximately $786,000 has been paid to creditors of the bank.
25.
December 12, 1931
The Miami News
Miami, FL
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CITY BRIEFS
SUIT TRANSFERRED Removal of the suit of Mrs. Wolkowsky and her Herman Wolkowsky, against H. Spurway, City National bank receiver. set aside mortgage assignments alleged to have forced by threats, was ordered transferred from circuit court to S. district court by Judge Worth W Trammell. The ordered on petition of Mr. Spurway.
VERDICT REDUCED Judge A. V. Long circuit court yesterday reduced verdict of $36,250 awarded by jury in his court to Mrs. Genevieve Brunner. Everglades hotel. to $10,000. The verdict rendered early this in Mrs. Brunner's suit against the Green Cab Co. for injuries allegedly sustained when cab in which she was riding overturned on N. W. Allapattah drive. between 15th and 16th
RECEIVER ASKED-Notice that appointment receiver will be asked Dec. 14 in the suit of E. Keefer. liquidator the Miami Beach Bank & Trust Co., against R. C. Hunt. as trustee of the Polo Apartments Co. and R. C. Hunt & Co., was filed yes terday court. An accompanying bill sought removal of the trustee. substitution trustee and for The suit is in con nection with $50,000 trust deed of Mr and Mrs. Boyle to secure 91 first mortgage bonds
CUP FOR GIRL-Girl Reserves of the Miami Edison Senior High school plan to give silver loving cup to the most outstanding girl in the senior class. The will remain in the school trophy case and each year will be presented to different girl.
FORECLOST RE SOU GHT Mar garet Holt and husband George W. Holt, yesterday filed suit S. district court Malabar Realty Co. and the United States an $8,000 mort gage and determine of government liens against the property. The Holts are residents of Malabar.
HURT IN ACCIDENT Compound fracture of the left leg was suffered late yesterday by W. Diehl, 23, of 41st st. and LeJeune road. when his collided with an driven by Charles Kneidler, 2600 N. W. 22nd ave. Diehl is undergoing treatment at Jackson Memorial hospital.
HUSBAND HUNTED Request that efforts made to locate her husband, believed to be in Florida. were by Miami police today from Mrs. Goebel Lloyd. Lexington. who writes that she is seriously
CONSTRUCTION STARTS Construction $8,000 has been begun at N. E. Sixth ave. and 59th st. by A. Arky. drawn by John architect. according to the permit issued by the city yesterday.