Other: Receiver was appointed by the comptroller/ national bank examiner; directors arranged conferences looking toward reorganization and recapitalization (planned increase of capital to $750,000).
Receivership Details
Depositor recovery rate
86.6%
Date receivership started
1928-11-26
Date receivership terminated
1937-09-27
OCC cause of failure
Governance
Share of assets assessed as good
80.2%
Share of assets assessed as doubtful
10.6%
Share of assets assessed as worthless
9.3%
Description
Contemporary AP/UP reports (Nov 26–27, 1928) state the Fourth National Bank of Macon was forced to close during a run on Nov 26 and a receiver was appointed Nov 27. Directors and examiners said the bank had been found solvent shortly before the run but officers blamed baseless rumors; a receiver (Claude Gilbert/Comptroller-appointed) and national bank examiner were put in charge. The bank did not resume normal banking operations; it remained in receivership (receiver disbursing dividends in 1929 and later). Classified as run leading to suspension and permanent closure with receiver appointed.
Events (6)
1.September 17, 1906Chartered
Source
historical_nic
2.November 26, 1928Receivership
Source
historical_nic
3.November 26, 1928Run
Cause
Rumor Or Misinformation
Cause Details
Reports and bank officers repeatedly attributed the immediate cause to baseless rumors (including alleged collapse of sale negotiations) which produced a sudden rush of withdrawals.
Measures
Bank closed doors at 11 a.m.; iron gratings were pulled down; tellers windows closed; directors later met to arrange reorganization.
Newspaper Excerpt
The Fourth National bank of Macon...closed its doors at 11 a. m. today during a run of withdrawals.
Source
newspapers
4.November 27, 1928Receivership
Newspaper Excerpt
Claude Gilbert, receiver for the Fourth National bank, appointed by the comptroller, arrived here yesterday and took charge of the affairs of that institution; Clyde J. Evans in charge of audit, and Claude Gilbert named receiver the Fourth National here.
Source
newspapers
5.November 27, 1928Suspension
Cause
Government Action
Cause Details
National bank examiner took charge and a receiver (Claude Gilbert named later) was appointed by the comptroller following the run and closing; bank suspended operations under receivership.
Newspaper Excerpt
Receiver Will Be appointed For Macon Financial Institution...Elli D. Robb, national bank examiner, was in charge and said a receiver would be appointed immediately.
Source
newspapers
6.July 12, 1929Other
Newspaper Excerpt
The bank re-opened at 3 o'clock, yesterday afternoon, and continued open until ... Receiver Herbert Pearson has reduced the force of employes operating under the receivership to minimum ... active demand for the 15 per cent dividend just announced at the Fourth National bank yesterday.
Source
newspapers
Newspaper Articles (25)
1.November 26, 1928Santa Cruz Evening NewsSanta Cruz, CA
Click image to open full size in new tab
Article Text
BOULDER DAM BILL PASSAGE SURE-HIRAM
CHICAGO, III., Nov. Senator Hiram Johnson of California took advantage of a fleeting stop over here on his way to Washington today to tell newspapermen of his conviction that his pet Boulder Canyon dam bill would be passed during the short session of congress. Its passage, he said, is "beyond all doubt."
RUN CAUSES BANK TO CLOSE
MACON, Ga., Nov. The Fourth National bank of Macon, with capital of $500,000 and resources listed at more than $11,000,000, closed its doors at 11 m. today during a run of withdrawals.
2.November 26, 1928Beatrice Daily SunBeatrice, NE
Click image to open full size in new tab
Article Text
Young Girl Is Instantly Killed In Auto Accident Geneva, Uebr., Nov. 26 Myrna Casebeer, 17, York, Nebr., was killed instantand seven others were injured when two autos crashed ten miles west here yesterday. The injured are Mr. and Mrs. Charles Casebeer, the dead girl's parents; and Mr. and Mrs. Henry Glantz and three children of ton, Nebr. The five members of the Glantz family were still hospital here this morning. None however were seriously injured.
RUN ON BANK
Macon, Ga., (AP) Fourth National bank of Macon, with capital $500,000 and more than closed Its doors at today during run of withdrawals,
LATE BULLETINS
LOUISIANA GOVERNOR WINS HEALTH BOARD ROW
NEW ORLEANS, Nov. 26.-(P)-Unless rehearing should be granted, Dr. Oscar Dowling must surrender his office of president of the re. organized Louisiana state board of health to Dr. Joseph O'Hara, appointed by Governor Huey Long his successor. This is brought about by the state court today upholding the constitutionality of supreme act 126 of 1928 authorizing the governor to reorganize the state board of health.
TEXAS TRAINS HIT HEAD ON; TWO INJURED MINERAL WELLS, Tex., Nov. head-on collision between extra Texas & Pacific freight trains at Gordon, 30 miles southwest of here today, caused injuries to members of the crews and resulted the destruction three cars of live stock by fire. The blaze, which destroyed nearby house before checked, spread from tank car of oil which ignited in the crash. Two tramps known to have been riding the train not located after the fire and it was undetermined whether they perished.
CROWD GATHERS FOR LUFKIN 'HAMMER SLAYING'
LUFKIN, Tx., Nov. 26.-(AP)-A Saturday crowd was on the streets of Lufkin today intent on attending the opening of the trial of Lloyd Carter, in the slaying" of John Laing here last 30, mer. Counsel agreed to place Carter. of three men charged with murder and assault to murder, on trial first.
NEGRO ROBBER IS DENIED NEW TRIAL
SHERMAN, Tex., Nov. for trial for Silas Jarand given the death penalty in district here man, negro, on charge of robbery with a deadly weapon, was overruled by Judge Silas Hare today.
RUN CAUSES BIG GEORGIA BANK TO CLOSE MACON, Ga., Nov. Fourth National Bank of Macon, with capital of $500,000 and listed at more than $11,000,000, closed its doors at 11 m., today during run of withdrawals.
KING GEORGE SAID MAKING SATISFACTORY PROGRESS LONDON Nov. Press Association announced late this afternoon understood King George had satisfactory progress" during the
THREE INJURED WHEN OAKLAND TROLLIES CRASH OAKLAND, Cal., Nov. persons were injured. one seriously. when two trains of the Key Route System collided here today. The accident occurred when brakes Piedmont extension car failed to hold and the car crashed into a train bound for the Oakland pier.
4.November 26, 1928The Havre Daily NewsHavre, MT
Click image to open full size in new tab
Article Text
BANK CLOSES DOORS
Macon, Nov. 26. (AP) The Fourth National bank of Macon, with capital of $500,000 and resources listed at more than $11,000,000, closed its doors at 11 a. m., today during a run of withdrawals. The bank had deposits of around $9,000,000.
GEORGIA BANK CLOSES.
Fourth National bank of Macon. with capital of $500,000 and resources listed at more than $11.000.000 closed ILS doors at 11 a. m. today during a run of withdrawals The bank had deposits of around $9,000,000
6.November 27, 1928The Anniston StarAnniston, AL
Click image to open full size in new tab
Article Text
GEORGIA BANK CLOSED AFTERRUN YESTERDAY
Receiver Will Be ppointed For Macon Financial Institution
MACON, Ga., Nov. 27 (UP)One of the largest banks in Georgia, the Fourth National of Macon, was closed today after a run. Elli D. Robb. national bank examiner, was in charge and said a receiver would be appointed immediately. He refused to comment on the cause of the closing, as did President Leon Dure For two hours yesterday more than 2.000 depositors crowded into the lobby of the bank. withdrawing their deposits until the iron grat- ings were pushed down, leaving hundreds of anxious depositors still outside. The bank, 20 years old had capttal of $500,000, deposits of more than $9,500,000 and resources listed at $11,724,340 Robb, who was here before the run began, issued a statement yesterday that the institution was soivent. Despite that, the run started when the bank opened and gradually assumed serious proportions. The farmers' Bank at Bryson, Ga., closed its doors when word reached there that the Fourth National had shut down. The Bryson bank, with capital of $10,000 was a subsidiary of the Macon bank. Until three years ago, when the Payne Tree company, of Gordon, Ga., failed, the Fourth National bank was considered prosperous.
The government has won two and lost four of the oil cases. Let's see now-how many were sent to jail?
7.November 27, 1928The Daily WorkerNew York, Chicago, NY
Click image to open full size in new tab
Article Text
Macon, Georgia, Bank Goes Broke; Many Lose MACON, Georgia, Nov. 26.-The fourth National Bank of Macon today closed its doors after a two hour run. It is one of the most important of the state, and had $9,000,000 deposits. At one time 2,000 depositors were in line to get their money. Officers of the bank re-
8.November 27, 1928The Selma Times-JournalSelma, AL
Click image to open full size in new tab
Article Text
BANK SUSPENDED
Superintendents of Banks A. B Mobley today announced the receipt of notice of closing of the Citizens Bank of Fort Valley. Ga. Fort Valley is in Central Georgia. near Macon, where the Fourth National Bank closed yesterday after a run. and is the center of the Georgla peach growing country. It was capitalized at $100.000 and had surplus and undivided profits of about $78.000. according to the banking départment.
9.November 27, 1928The Macon NewsMacon, GA
Click image to open full size in new tab
Article Text
TRIAL EXPECTED
Old Friend, Arranging Bond. Says Transfer From Savannah Is Expected
Dure and rectors Still Confident as to Outcome of Move
HOPE FOR RELEASE TODAY HALF OF STOCK IS TAKEN
Legal Technicalities to Be Worked Out Providing for Hearing Here
Arrival his son John Walkand John Lewis. state senator Sparta Monday brought nearer to the goal furnishing $25,000 bond for release from Chatham county jail of John D. Walker former Georgia banker. prominent Meth odist layman and political figure. who being held under federal dictment with the em. bezzlement of $9,000 in municipal sinking fund bonds from the National Bank of Sparta Walker expects furnish bond Tuesday morning. was said last night by friend who acting counsel the defendant while he He went to the jail last afternoon and had long talk with Walker about the case. but until night Lawrence had heard nothing from Warren Grice. of Macon. whose name has been mentioned as Walker's chief counsel As Walker was arrested on bench following indictment, he will go before any the United States here Monday for preliminary hearerroneous impression gained that such procedure would be followed. Walker's Continued on Page Two
Plan Bank to Succeed Fourth National, Capitalized at
$750,000
The Fourth National bank. forced close its doors Monday withdrawals that hausted the available cash. will capitalized $750,000 under plans Leon Dure president and the board of who are meeting Tuesdav to discuss reorganization plans in detail. There everv assurance that will be effected and in fact one proposed stock already has been subscribed without any Mr. Dure further believed that the new arrangements can completed within few Mr. Dure said thus "prompt and full depositors of the old Fourth National. The bank bad been examined and found solvent and condition only few days before fatal according Ellis Robb. bank for the Sixth FedReserve district Evans. rational bank examiner institution pending of receivers The ascribed bank lause last week of that had been mending to sell the instiContinued on Page Two
10.November 27, 1928The Macon NewsMacon, GA
Click image to open full size in new tab
Article Text
Valley Bank Closes Doors to Preserve Assets
Heavy Withdrawals Follow News of Closing of Fourth National in Macon
FT. VALLEY. Ga.. Nov. 27. Unusually heavy withdrawal of cash attributed to the closing Monday of the Fourth National bank at Macon resulted Tuesday the pension business by the Citizens bank of Fort Valley here, with deposits Explaining the bank's failure open for business Tuesday mornPresident Edwin Martin said the directors meeting Monday night and Tuesday had considered the situation brought about by steady withdrawals Mondav after word the Fourth National closing had been received and had decided that for purpose of conserving its assets should turned over to the State Banking department. said the bank solvent and that hoped some could be made soon with depositors any losses. The Citizens bank capitalized at $100,000 and had surplus and undivided profits $80,000. Mr. Martin said. The president added that there excitement incident to the withdrawals Monday Other ficers are Davidson and Louis Brown. vice presidents. and Ben cashier. The only other bank Fort Valley the Bank of Fort Valley.
11.November 28, 1928The Humboldt TimesEureka, CA
Click image to open full size in new tab
Article Text
'Run' Closes Georgia Bank
(By Associated Press) MACON, Ga., Nov. The Fourtth National Bank of Macon. one of the largest financial institutions in central Georgia, closed its doors westerday after two hour run of withdrawals Leon S. Dure, president, said the bank's board of directors at special meeting had decided to close the doors and take steps toward reorganization of the institution. The bank which was organized more than 20 years ago, had capital of $500,000. deposits of approximately $9,000,000 and resources listed at more than $11,000,000.
President Dure said it was shown to be the "sense and determination," of the bank's directors to organize new bank. "capable and willing to take care of the depositors fully and promptly, if such payment is desired, and continue to serve the people of Macon and the people of this territory.' Officers of the bank declined to comment on the cause of the run, which began soon after the opening hour. At one time approximately 2,000 persons including depositors, stood in the vicinity of the bank. City and county police squads called precautionary measure, but the run proceeded in an orderly manner. Men and women, bank books in hands, formed lines leading into the bank from several directions. Other persons gathered out of curiosity and at one time traffic in the neighborhood of the hank was completely blocked. Many persons were inside the doors when iron gratings the entrance were drawn together and the flood of greenbacks through tellers' windows ceased. They left the bank quietly.
12.November 28, 1928Pasadena Star-NewsPasadena, CA
Click image to open full size in new tab
Article Text
EIGHT BANKS CLOSE IN GEORGIA PEACH BELT
Failure of Macon Institution Is Cause of Run on Accounts
MACON, Ga., Nov. small closed today as result the failure Monday of the Fourth National Bank Macon, listed resources of more than $11,000.000. With the exception of the CitiBank Fort Valley, talized at the other insti- capiBank Byronville, Irwinton Bank, Bank of Preston, Citizens Bank Company of CulloBank of Bradley, Farmers & Merchants Bank Gordon and Farmers Bank italized from $15,000 to $25,-
The institutions closed were heavy Tuesday due financial followed closing the Macon bank. All banks are located in the Geopeach belt. Exact cause the run was conrealed. although financial circles recent investments had turned poorly.
13.November 28, 1928The Pittsburgh PressPittsburgh, PA
Click image to open full size in new tab
Article Text
NINE BANKS CLOSED
Eigh Shut After Collapse of One in Macon.
By The United Press. Macon, Ga., Nov. 28.-Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of Macon, with listed resources of more than $11,000,000. With the exception of the Citizens Bank of Fort Valley, capitalized at $100,000, the other institutions. the Bank of Byronville Irwinton Bank, Bank Preston. Citizens Bank Co. of Culloden, Bank Bradley, Farmers &, Merchants Bank of Gordon and Farmers Bank of were capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank. All the banks were located in the Georgia peach belt.
EIGHT GEORGIA BANKS CLOSED Run on Reserve Agent Is Blamed; Reopening Promised MACON, Ga., Nov. 28.-(P)-The affairs of eight Georgia banks were in the hands of the state banking department today as a sequel to the closing of the Fourth National bank of Macon Monday. The Macon bank was their federal reserve agent. In each case officers assured depositors of protection and announced that reorganization and reopening would be effected as soon as possible. Heavy withdrawals brought about by a "financial scare" over the condition of the Fourth National, were blamed in every instancee. Meanwhile, the directorate of the Fourth National was busy arranging conferences looking toward reorganization and capitalization at $750.000 instead of $500,000 as at present. While officers of the Fourth Natiosal yesterday were issuing a statement which said a two-hour run Monday was due to "baseless rumors connected with the collapse of negotiations for sale of the institution to Atlanta financiers, the city commission was passing a resolution of confidence in its officers and directorate.
15.November 28, 1928The Brooklyn Daily TimesBrooklyn, NY
Click image to open full size in new tab
Article Text
EIGHT MORE BANKS CLOSE IN GEORGIA
Failures in Peach Belt Due to Collapse Yesterday of $11,000,000 Institution.
Macon. Ga., Nov. 28.-Eight small Georgia banks closed today as the failure Monday of the Fourth National Bank of Macon, with listed resources of more than With the of the Citizens Bank of Fort Valley capitalized at the other institutions, the Bank of Byronville, Irwinton Bank, Bank of Preston, Citizens Bank Company of Culloden, Bank of Bradley Farmers Merchants Bank of Gordon, and Farmers Bank of Byron were capitalized at from to The institutions closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon All he banks located in the Georgia peach With Clyde J. Edwards in charge of an audit, and Claude Gilbert. named receiver the Fourth National here. plans today to adjust affairs so creditors could be cared for. Exact cause of the run was con. although financial circles said investments had turned out poorly.
The Brooklyn Times will be published tomorrow, Thanksgiving Day.
16.November 28, 1928The Brooklyn Daily TimesBrooklyn, NY
Click image to open full size in new tab
Article Text
EIGHT MORE BANKS CLOSE IN GEORGIA
Failures in Peach Belt Due to Collapse Yesterday of 000,000 Institution.
Macon, Ga., Nov. Georgia closed today of the failure Monday of the Fourth National Bank Macon, with tisted resources of more than With the exception of the Citizens Bank Fort Valley, capitalized at $100,000. the other institutions, the Bank of Byronville, Irwinton Bank. Bank of Preston, Bank Company of Culloden, Bank of Bradley, Farmers and Merchants Bank Gordon, and Farmers Bank of Byron were capitalized at from The institutions closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank. All he banks are located in the With Clyde Edwards in charge the Fourth Na. tional here, plans under today to affairs so creditors cared Exact cause the run was concircles said investments had turned out poorly.
17.November 28, 1928The Ogden Standard-ExaminerOgden, UT
Click image to open full size in new tab
Article Text
EIGHT BANKS CLOSE WHEN ONE FAILS
MACON, Ga., Nov. Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National bank of Macon. with listed resources of more than With the exception of the Citizens' bank of Fort Valley. capitalized at $100,000. the other institutions. the Bank of Byronville, Irwinton bank, Bank of Preston, Citizens Bank company of Culloden, Bank of Bradley, Farmers and Merchants' Bank of Gordon, and Farmers' Bank of Byron capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closIng of the Macon bank All the banks located the Georgia peach belt. Exact cause of the run was con. cealed, although financial circles said recent investments had turned out, poorly.
EIGHT BANKS IN FLU EPIDEMIC GEORGIA CLOSE HITS FILM FOLK
HEAVY MACON HOUSE CAUSED CLOSING OF THE OTHERS
MACON. Ga., Nov The affairs of eight Georgia banks were in the hands of the state banking department today as sequel to the closing of the Fourth National bank of Macon Monday. The Macon bank was their federal reserve agent. In each case officers assured depositors of protection and announced that reorganization and reopening would be effected as soon as possible. brought about by "financial scare" over the of the Fourth National. were blamed in every instance. Meanwhile, the directorate of the Fourth National was busy arranging conferences looking toward organization and capitalization instead of $500,000 as present. While officers of the Fourth National yesterday were issuing statement which said two hour run Monday was due "baseless rumors" connected with the collapse of negotiations for sale of the institution to Atlanta financiers, the city was passing resolution of confidence in its officers and directorate
HOLLYWOOD. Cal., Nov. 28.-(P) -Thirteen motion picture stars and two directors were confined to their beds today with attacks of influenza. What was described as "mild epidemic" struck the film colony Sunday when Clara Bow and John Gilbert, screen actors were brought down with the disease. Others under physicians' care include Lois Wilson, Monte Blue, Mr. and Mrs. Richard Barthelmess, Mary Philbin, Loretta Young. Sally Phipps, Jean Arthur. Ruth Taylor, William Haines and Buster Keaton, actors, and W. Murnau and Edward In the Metropolitan district of Los Angeles 502 new cases of influenza were reported yesterday, bringing the total for the month to 2,163 cases. Deaths total 41. In San Diego, Dr. E. Lessem, city and county health officer. announced he would issue an order tolay closing the city schools for an indefinite period beginning December because of the prevailence of influenza among the students.
19.November 28, 1928The Hopewell NewsHopewell, VA
Click image to open full size in new tab
Article Text
Eight More Georgia Banks Close Today
MACON, Ga., Nov. Eight small banks closed today result of the failure Monday the Fourth National Bank Macon, with listed resources of more than $11,000,000. The institutions were closed after heavy runs Tuesday due to financial scare followed closing of the of the Macon bank All the banks were located in the Georgia peach With Clyde Edwards, in charge of audit, and Claude Gilbert an receiver of Fourth named National here, plans were underway affairs so creditors today adjust could be cared for.
20.November 30, 1928The NewsPaterson, NJ
Click image to open full size in new tab
Article Text
EIGHT MORE BANKS CLOSED IN GEORGIA
Shut-Down of Fourth Nation-
Merchants Bank of Gordon, the Bank of Culloden and Bank of Preston The State bank examiner will charge once and every effort will be made to reorganize and reopen the banks as soon as possible. What caused the run on the Macon not known. One reports lays to rumors regarding the dropping egotiations for the sale Fourth National to syndicate of Atlanta The Citizens Bank of Fort Valley is declared by its officers to be vent and the suspension to desire to conserve assets. President Edwin Martin said had capital of $100,000 and and surplus undivided profits of There was run the bank fol. lowing news of the run in the Fourth The Byron bank had capital stock
21.November 30, 1928The Macon TelegraphMacon, GA
Click image to open full size in new tab
Article Text
THOUSANDS ENJOY BANK'S RECEIVER TURKEY DAY MENU ASSUMES CHARGE
Summer Weather Brings Crowds Claude Gilbert Takes Over Out For Events Fourth National Situation
CONTESTS ARE NUMEROUS ANOTHER MEETING HELD
The warmth of summer descended Macon yesterday, Thanksgiving day, and brought thousands out of doors for church services in the morning and for recreation of one sort or another throughout the day. the Macon Mulberry Street those Tattnall Square met Centenary Methodist and St. Paul's, St. James and St. Joseph's held own during the Vineville gathered at the Vineville Baptist church for worship. occupied the attention of throngs. There players on the golf links, at Idle Hour and the Municipal Golf course, while Wesleyan claimed crowds for the basketball contests of the morning and the Central City park attracted for events there. The High football game also well patronized.
Theaters Have Many Theaters, too, did capacity busispecial matinee the Grand. the Mansfield playtheir best performances for crowded again at night, In was played to audience. Moving had holiday crowds. Those who were not at one of the athletic fields theater taking advantage of the good weathride in their automobiles. Short trips into the surfamilies were for day throughout south and Georgia. shopping district closed its doors at banks well as government buildings closed throughout the Miller field was another assembled during the watched ride or excursions the city. Durward Ledbetter, Douglas Davis and Joe Farmer had charge the program and gave an exhibition of flying.
Claude Gilbert, receiver for the Fourth National bank, appointed by the comptroller, arrived here yesterday and took charge of the affairs of that Mr. Gilbert auditors still at under the of Clyde J. Evans, of them being engaged in their during the holiday. The work of checking the affairs of the Fourth National had not pleted, was said, possibly more required. is Directors of the National held only one yesterday, but that they were making progress in solving the problems arising the the was cated. No made at the the conference. Other meetings of the directors slated for today, it was ascertained. Park Is Here Orville A. Park, from the state banking department, special counsel for litigation, here Thanksgiving He change in with the closing institutions, the closing the Fourth National He said looked for re-opening all these small banks in pecullar situation was the Bank of Preston, one of the state banks that closed. This bank had no obligations, stated. having clear bills and than which was the Fourth National its fund. The closing the Fourth National deprived the little bank of its funds and hence it was necessary close.
22.December 4, 1928The Macon TelegraphMacon, GA
Click image to open full size in new tab
Article Text
Georgia Editors Say
DANGER OF FALSE The failure of Middle Georgia open business following closing of the Fourth National Bank of Macon has caused widespread apprehension the part of depositors and just another of what will closing of the Fourth Namors do. tional necessary because of rumor. followed the bank found impossible to assets without shutting its doors. As soon this happened depositors all the surrounding section struck with sudden fear and their various banks closed for safety's Those which closed include the Bank Byromville, capitalized $15,000; Bank Bradley, capitalized $15,000; Bank Preston, capitalized at $15,000; Farmers Merchants Bank of Gordon, capitalized at Citizens Bank Fort Acthe Fort cording Valley the voted Monday. Mr. Martin ing the bank solvent and the was only The bank had the last financial the bank the profits All the other good condition closing and of the presidents declare that they will all re-open within short closings was tributed by the news the closing the Fourth Bank at Macon succession. National the approved agent for other banks and officials are certain the affairs the Macon readjusted all the banks will open good With work, the directors of the National are holding working out plans relieve situation for the the plans being has the ganization bank take over the Fourth National and start This new bank, should organized, would capital stock $750,000. has been shown that the whole affair was brought about through baseless rumor. Such rumors hard suppress once started for there rumor quite interesting positor alleged his bank. The closings reflection upon the financial situation Georgia people other the learn the closings small the will form to the reported state whole starts the original rumor. cases such rumors of some depositors might they about the banking their heads and work to prevent Times
HIGHWAY BUILDING
Next on the program, matter of course. must be the and means "coming going". Every those days back sandy were the dry days, swollen the the passing the sured, and the lizzie" hailed means being able fifteen miles per hour, including balking cranking up. have seriously in our minds that duty pleasure, boost for roads. and season our voice has been raised for them. Progress though us desire, has outdistanced the accomyet great been the change, the everlasting pleading, and argument acknowledged be necessity the an found accomplish become obsolete. Real roads being temporary construction scorned. The narrow broad And considered speed of dozen years Several organizations polled represenour adherents but they putting thorns our roses. peeved. help highway, refund bond first give We don't any promises, are tired second the first Oh, stand not big don't far big do, gas tax the Fords and far the fellow We objection and contact. Let's play the you. Charlton County Herald.
23.December 7, 1928Leaf River MirrorLeaf River, IL
Click image to open full size in new tab
Article Text
steady downward trend in the total fish catch of the Great lakes during the last ten years these great fishing grounds are sufferIng actual depletion.
The death toll in the United States from accidents estlmated by the Commerce department have reached total of 25,533 perduring 1927.
Labor department concillators succeeded 307 478 industrial disputes which they attempted mediation during the last fiscal year, Secretary Davis announced.
As further evidence that leprosy last being conquered, eight have been paroled from the National Teprosarium Carville, the public health service announced.
October production of small arettes totaled against the month last and that large cigarettes against 1,095,511. The large output compared
Corn Champ Sets New Record Columbus, Martin, for three years world champion beat his best mark this producing bushels ten his Hardin county farm, the State College Agriculture nounced
500 Detectives Meet Huntington, perexpected attend convention of the National Detective association, formerly the Horse Thief Detective association, to be held here year. according officers of the
Japanese Emperor Ends Tour newly enthroned EmHirohito, after tour and monies attendant upon the enthronement, has returned Tokyo.
Chicago Gets Rotary Meet was chosen convention Rotary was nounced after the board directors had Invitations from half dozen cities.
Macon (Ga.) Bank Closes
Macon, Fourth National bank Macon closed during run. The bank its last listed report totaling in excess of
24.July 12, 1929The Macon TelegraphMacon, GA
Click image to open full size in new tab
Article Text
DIVIDEND CLAIMS PROVE NUMEROUS
Many Depositors Apply for Money at Fourth National Bank
There was quite an active demand for the 15 per cent dividend. just announced, at the Fourth National bank," yesterday Receiver Herbert Pearson has reduced the force of employes operating under the receivership to minimum, but in. stead of having one clerk to wait on customers yesterday, as he announced. he placed two clerks at the windows. In that way congestion was relieved. There were not more than dozen or so persons in line at time. yesterday morning. The bank re-opened at 3 o'clock, yesterday afternoon, and continued open until o'clock, but there were
25.September 24, 1931The Macon NewsMacon, GA
Click image to open full size in new tab
Article Text
BANK IS DUE FRIDAY
Defunct Fourth National to Make Five Per Cent Payment to Depositors
Payment of five per cent divi. dend depositors defunct Fourth will begin in old the of Cherry and Third has been M Dudley The amount to be distributed totals stated When this money paid the depositors will have received 80 cent of their deposits the time the closed in 1928 The old bank quarters are being reopened for the distribution of money limited office the office in the First National bank explained All depositors will be quired to present their receiver's certificates show proof claim. The in the old buildwill for ing which as ample for depositors their funds town have mailed notification of the dividend
