2127cabbFull suspension, Books examined
Other: Comptroller of the Currency (state comptroller) notified to take charge and investigate; temporary closing to avoid run per newspaper report.
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MONTICELLO BANK CLOSES DOORS ON ACCOUNT RUMOR BY ASSOCIATED PRESS. Monticello, Fla., Oct. 28.--To avoid a threatened run, caused by the reported disappearance of Cashier R. R. Turnbull, who is ill in Kansas City, the Jefferson County Bank of Monticello, has been closed temporarily. An expert at work on the books declares accounts are correct.
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R. Anderson, Edgar C. Thompson, John R. Arnett and Charles A. Powers. Despite the big war cutting down as it has the phosphate export business of this port to about one-third its former volume, there are more vessels in port awaiting cargo or taking on cargo than in any one day for many months. Twelve big steamers and four big schooners make up the fleet tied at Tampa wharves. The phosphate business is picking up. With Great Britain mistress of the sea and her merchantmen moving with but little hindrance from the German fleet, British tramp steamers are making their appearance here in increasing numbers. The greater number of them are taking out cargoes of phosphate rock for European ports and for ports in Japan. It is believed that there will be a gradual revival of the phosphate trade from now on and the mines are taking on more men than for months past. Dr. J. H. Ross, of Tampa, says an effort will be made at the next session of the legislature to have a law passed providing for an adequate inspection of nursery stock brought into this state. Under present conditions, says Mr. Ross, the groves of this state are far from well protected. He points to the fact that a sufficient revenue is now brought into the state treasury through the state chemist's office from examination and analysis of fertilizers to provide for the expense of maintaining a proper system of inspection of nursery stock. Owing to disturbed financial conditions the customers of the Jefferson County State bank, of Monticello, have been steadily withdrawing their deposits. Therefore, in order to protect all creditors and depositors, D. A. Finlayson, president of the bank, notified Hon. W. V. Knott, comptroller, on arriving at Monticello that it would be best for him to take charge of the bank provided by law and hold it until he could make an investigation of its affairs. The comptroller hopes that he will not be forced to ask for a receiver, and that he can, with the full and hearty co-operation of the stockholders, creditors and depositors, be able to make arrangements for the speedy reopening of the bank,