2505. First National Bank (Pensacola, FL)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 2490
Charter Number: 2490
Start Date: January 7, 1914
Location: Pensacola, Florida (30.421, -87.217)

Metadata

Model: gpt-5-mini
Short Digest: 2656d938

Response Measures

Full suspension, Books examined

Other: Receiver appointed; attempts at consolidation and takeover by a trust company, later liquidation and asset sales; criminal indictments of former officers.

Receivership Details

Depositor recovery rate: 78.3%
Date receivership started: 1914-01-22
Date receivership terminated: 1927-07-18
OCC cause of failure: Losses
Share of assets assessed as good: 62.1%
Share of assets assessed as doubtful: 21.2%
Share of assets assessed as worthless: 16.7%

Description

A run/large withdrawals (early Jan 1914) prompted the bank to close (failed to open Jan 8, 1914). Comptroller sent an examiner; the bank was taken into receivership (R. W. Goodhart as receiver/agent) and never appears to have resumed normal independent operations — assets were liquidated and receivers advertised sales through 1915–1916. Cause: exposure to large unpaid drafts of Crow, Rudolf & Co. (Liverpool) precipitated depositor withdrawals.

Events (5)

1. August 10, 1880 Chartered

Source: historical_nic

2. January 7, 1914 Run

Cause: Correspondent
Cause Details: Depositors withdrew after news that Crow, Rudolf & Co., Liverpool lumber brokers, had issued a statement of inability to pay drafts (≈$500,000) held by the bank, precipitating withdrawals.
Measures: Bank decided to close its doors and notified the Comptroller of the Currency; awaited instructions and an examiner was dispatched.
Newspaper Excerpt: Failure of the First National Bank of Pensacola to open its doors for business today was explained by officials of the bank as due to the withdrawal yesterday of the accounts of a number of depositors.
Source: newspapers

3. January 8, 1914 Suspension

Cause: Correspondent
Cause Details: Bank closed (suspended) after heavy withdrawals tied to unpaid drafts on Crow, Rudolf & Co.; officials cited fear of a run and chose to suspend rather than open.
Newspaper Excerpt: The suspension of the First National Bank of Pensacola, Fla., was reported to the office of the Comptroller of the Currency today.
Source: newspapers

4. January 9, 1914 Receivership

Newspaper Excerpt: S. O. Goodheart ... has been ordered here to take charge of the affairs of the suspended bank. He is expected to reach the city this morning and the keys of the bank and everything will be turned over to him by the officers of the institution; ... the suspended bank ... should fare well as the bank has assets ... so the losses, if there are any, will fall upon the stockholders. (Pensacola Journal, Jan. 9, 1914.)
Source: newspapers

5. January 22, 1914 Receivership

Source: historical_nic

Newspaper Articles (23)

1. January 8, 1914 The Bridgeport Evening Farmer Bridgeport, CT

Article from The Bridgeport Evening Farmer, January 8, 1914

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Pensacola Bank Closes Its Doors Big Depositor Unable to Pay Draft, Starts Run on Bank. Pensacola, Fla., Jan. 8-Failure of the First National Bank of Pensacola to open its doors for business today was explained by officials of the bank as due to the withdrawal yesterday of the accounts of a number of depositors. These withdrawals, it was pointed out, probably resulted from the fact that the Crow, Rudolph & Company, Liverpool Lumber broker, had issued a statement of its inability to pay drafts for approximately $500,000 held by the bank. The other local banks were not affected and their officials said they were prepared to meet any emergency. Washington, Jan. 8-The comptroller of the currency early today dispatched a national bank examiner to Pensacola, Fla., to look into the affairs of the First National Bank of Pensacola which failed to open its doors today. The last report on the condition of the bank showed its capital at $500,000, deposits $1,349,782; gross assets, $2,951,800.

2. January 8, 1914 Evening Star Washington, DC

Article from Evening Star, January 8, 1914

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BANK OF PENSACOLA FAILS TO OPEN DOORS Controller of Currency Sends Examiner to Look Into Affairs of Concern. PENSACOLA, Fla., January S.-Failure of the First National Bank of Pensacola to open its doors for business today was explained by officials of the bank as due to the withdrawal yesterday of the accounts of a number of depositors. These withdrawals. it was pointed out. probably resulted from the fact that Crow, Rudolf & Co., Liverpool lumber brokers. has issued a statement of its inability to pay drafts for approximately $500,000 held by the bank. The statement issued this morning was as follows: "At the close of business yesterday we discovered that an unusual number of depositors had withdrawn their accounts in full. Following this. rumors that the affairs of the bank were in bad condition began to be circulated. Feared Run on Bank. "Realizing that these rumors probably would result in a run on the bank if it opened for business today, we decided to close its doors. "We have notified the controller of the currency and now are awaiting his directions. Withdrawals of accounts by depositors probably resulted from the fact that the bank held large drafts on Crew, Rudolph & Co. of Liverpool, and that this firm had issued advices that it could not pay these drafts. The bank, however, was making what we had every reason to believe and still believe would be adequate provision to protect these drafts. but the circumstances mentioned precipitated matters SO that the measures we have taken could not be made effectual in time." There was no excitement here over the failure of the First National to open this morning. The other local banks were not affected and their officials said they were prepared to meet any emergency.

3. January 9, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 9, 1914

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UNDERSTOOD S. O. GOODHEART WILL TAKE CHARGE OF BANK. It is understood that S. O. Goodwart a national bank examiner who has been in Pensacola on previous occasions, and who caused the re-organize+ tion of the First National bank in 1910. has been ordered here to take charge of the affairs of the suspended bank. He is exepected to reach the city this morning and the keys of the bank and *everything will be turned over to him by the officers of the institution: Parties well posted on the condition of the suspended bank say that the depositors should fare well as the bank has assets which, if properly administered, should pay the depositors pract tically in full, so the lesses, if there are any, will fall upon the stockholders, If it is necessary to pay the depositors in full an assessment of $560,000. the amount of the capital stock will DO levied upon the stockholders KEYSER NOT DIRECTOR. William S. Keyser is not a director of the First National bank and has not been since the re-organization in 1910 A: that time he was not only a director but one of the vice-presidents, but when Messre. Brent and Knowles ICturned to the head CI the bank he retired as director of the institution and has not since been identified with the Keyser-Muldon Co. This firm retains the name under which it was incorporated when Mr. Muldon became a member. but he sold his interests in the business when he retired several years ago on account of ill health.

4. January 9, 1914 Atlanta Georgian Atlanta, GA

Article from Atlanta Georgian, January 9, 1914

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PENSACOLA BANK FAILURE PUZZLE Washington Waits for Details on Million Dollar Institution Which Suffered Run. WASHINGTON, Jan. 8.-The suspension of the First National Bank of Pensacola, Fla., was reported to the office of the Comptroller of the Currency to-day. The report of the bank's condition on October 21, 1913, shows its resources to have been $2,951,798. as follows: Loans and discounts, $1,343,344; U. S. Bonds to secure circulation and deposits, $590,400; premium on bonds, $6,500; bonds, securities. etc., $200,533; banking house, $114,168; other real estate, $15,000; due from banks, $519,146; cash, checks, etc., $136,707; and redemption fund, $25,000. The liabilities were divided as follows: Capital and surplus, $503,000; undivided profits, $17,835; circulating notes, $500,000; due from banks, $421,136; deposits, $1,349,782; cashiers' checks outstanding, $159,000, and deposits of U. S. disbursing officer, $145. "We are puzzled concerning the troubles of the bank." said Acting Comptroller of the Currency Fowler. "The only information now in our possession as to the bank's troubles is a telegram from President F. C. Brent, which states the bank was closed and asked that we send a representative to him. "I have instructed R. W. Goodhart, bank examiner, to leave Washington at once for Pensacola. I have also requested President Brent for further information, but have received no reply. I can hardly believe that the bank is insolvent and I am sure that the trouble is purely local."

5. January 12, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 12, 1914

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That the First National bank will be reopened by means of a consolidation of the closed institution with one of the other banks here, and that such a consolidation. If made, will be consummated not later than Saturday of this week, is the statement of Federal Bank Examiner S. O. Goodheart who was sent here by the comptroller of currency to take charge of the affairs of the First National bank. He said that such an amalgamation would result only from a cooperation of all the business people of the city, great personal sacrifices on the part of the dt. rectors and stockholders of the First National and added that the other banking houses of the city seemed willing to lend all aid possible toward bringing about an amicable settlement of the present unsettled financial conditions. MR GOODHEART TALKS A Journal representative four I Mr. Coodheart in his room at t' can or error Carlos hotel with Thomas an officer of the First Net her asked for a sis'er "We are working or or a can Ion of loral Cark local barks. I would dicate which of the local bar consolidation will be made wi it cause I would ather they would for themselves but I will say that both the other banks show an Inelination to assist in every way possible "The consolidation will result only from great personal sacrifices by the directors of the First National bank which they are willing to make and have so indicated to me The direct tors are also hopeful that every de positor will be paid in full and are working to that end as T3 didiy as possitle We have teen in the bank since 9 o'clock this morning and will ably RO back avain tonight You UIIderstood that the adjustment of the affairs of a closed bank means hard and constant work ALL MOVING STEADILY "Negotiations have reached a point." continued the examiner, "where a consolidation is very possible-you may say probable-and I want The Journal to encourage the idea of a consolidation, show that it will be best for all concerned, and create a sentiment that will cause the public to insist upon hat kind of arrangement which can be brought about only by the coopera. tion of everybody connected with the bank and the earnest and hearty supsort of the entire business community The other two banks show an indtcation to assist in every way possible. If the consolidation is effected the tank will be opened not later than Saturday." DEPOSITS AVAILABLE SOON. As soon as the amalgamation is brought about the funds of the depositors will be available. In case the bank should go to 11guidation. which does not seem probable from the remarks of Examiner Goodheart, receivers would not be appointed by the courts but by the comptroller of currency at Washington There is maintained by the government a corps of experienced receivers. It is not thought. however that it will be found necessary to call upon the government for the appointment of rereivers. The consolidation of the First National bank with one of the other banks here, which would prove the solution to the entire financial di:emma in which Pensacola now finds itself, seems to be almost certain, and that at a very early date.

6. January 13, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 13, 1914

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STATE BANK NOTES BEING PAID SLOWLY FAILURE OF FIRST NATIONAL HAS INTERFERED WITH COLLECTIONS BY STATE BANK RECEIVERS. According to W. Clyde Roberts, one of the receivers of the Pensacola State Bank, recently ordered closed by the State Comptroller, the recent failure of the First National Bank in Pensacola is seriously effecting collections of outstanding notes and other amounts due the defunct State Bank. Since the complete invoice of all assets, liabilities and physical property of the Pensacola S ate Bank was completed by the receivers, J. B. McNeill and W. C. Roberts, and filed with the clerk of the criminal court of record, the receivers have been busy collecting on all notes possible. As soon as sufficient funds have been received, Judge Kirke Monroe, of the criminal court of record, will be notified and he will declare the first dividend for the depositors, and as more money is collected other dividends will be declared from time to time.

7. January 22, 1914 The Lakeland Evening Telegram Lakeland, FL

Article from The Lakeland Evening Telegram, January 22, 1914

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THINK SUSPENDED BANK WILL SOON RESUME Pensacola. Jan. 22. Stockholders of the First National Bank held a joint meeting yesterday and appointed a committee to deal with a number of outside e-pitalists who are figuring upon taking over the bank in trouble and opening it 11D for business. \ number of outside bankers were at the conference which was held through the efforts of National Bank Examtner Good hart, who is of the opinion that the bank will soon be opened up and be ble to pay the depositors in full.

8. January 24, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 24, 1914

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A Third Bank For Pensacola. It is very evident to the business interests here that Pensacola needs three banks. At this time the community interest should center on the organization of an institution to take over the business of the First National bank. Regardless of who has or who has not stock and deposits in the distressed institution, it is to the interest of all Pensacolians that the million and a half dollars of deposits now tied up in the First National bank, be released at this time. A receivership means absolute and lengthy liquidation and heavy costs to the depositors. The organization of a bank and trust company to take over the business of the First National, as is now proposed, means more than many of us have hitherto realized. Liquidation of the First National bank, which would require years, may mean the ruin of many local men and businesses, who might, if a reorganization can be effected, work out all of their obligations speedily. In order that Pensacola's business interests may be conserved, all Pensacollans should give the movement to organize a. third bank their earnest moral and financial support, and the slogan should be "A Third Bank for Pensacola."

9. January 28, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 28, 1914

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All Members of Stock Soliciting Committee and Receiver Optimistic. MASS MEETING WILL BE HELD Special Session of Committee Yesterday Left All Concerned Encouraged-Outside Capitalists Interested Is -To Open In 30 Days Present Belief. the meeting of the the special First After soliciting committee in the stock bank building yesterday federal National of the committee and remembers examiner, R. W. Goodhart, inbank in charge of the suspended of succeiver were more hopeful bank stitution, the organization of a new the cess in company to take over than at and trust the First National of this any affairs time of since the inception scheme. of the committee state trust that Members hardly a chance of the comcompany not materializing. the trust committeeman there is stated that opened One in fortycould actually be the concern pany hours if a head of other offeight decided upon and had been names of several cers in whom the public men chosen. The been proposed has us- 10cal confidence have It was most are being considered. outside and these that the interested enter stated has shown inclination it to is not capital trust company, and be enexpected the new that any trouble score. will countered on this OPEN IN THIRTY DAYS. BE committee announced that was the The of soliciting subscriptions the bank work under way and that unquestionaactively company would days. At and trust opened within thirty committee bly be meeting yesterday the organization. formulated the plans for the so much the opening of which Pensacola means financially for the city time. of "Every citizen should that at this of the opportunity to this take him to the comwill be the member of prove stock," "as said it will undoubtedly advantage given subscribe stockhold- a mittee, investment." The bank will be profitable First National ers to subscribe upon the committee It called All of of the state members first. that will are optimistic, and few weeks before very of only a badly be Pensacola a matter receives the relief so are needed. of outside capitalists the orA number anxious to take part company in and of the such encourthe committee stockholders ganization very has the trust met bank and agement from of the First National little difis expected that in that it will be experienced the ing the are submitted to ficulty depositors organization. When very perfect- plans the is the committee next meeting it of stockholders that at the the $200,000 of capital expected will be over subscribed. stock of the plans of the of committee all of the mass meeting within is to call a of Pensacola business to One men days consider organi- various the the next few connection with the It is matters of in the trust company and Bank Examiner city make it a desire zation of Goodhart the committee that every point depositors business to atman in the whether tend this meeting, in the First National interest or stockholders Matters of vital will be bank or not. of Pensacola interest discussed to the welfare and it will be to the (Continued on Page Three.)

10. February 1, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, February 1, 1914

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# THE TRUST COMPANY AND # THE FIRST NATIONAL BANK Editor Pensacola Journal: The failure of two of our banks in rapid succession, together with the bankrupt cases following, is a matter that should cause every man to pause and study the reasons why such an economic misfortune should occur in a city so well situated, and full of advantages, which other cities are devoid of, and yet more prosperous and progressive. We do not believe that the causes lie hidden in a problem too deep to be unearthed. We believe that they stand out as plainly as a torch light procession on the darkest kind of a night, and the features, instrumental in bringing about our present depression, may be resolved into evils which could have been avoided by proper vigilance and business caution. What these evils are should be known by every business man, and to define them will require but a few brief sentences. Easy credit, the extremes to which loans were carried, free from the proper safeguards to protect them: the inconsiderate way in which they were granted by the lender: the indifference of the borrower to the importance of redemption, and an extravagance equal to a Sultan of "Turkey;" stranded a city, whose prospects are as bright if not brighter than any city in the south. The shock given our city by business maladministration, is not too severe for us to survive, and we regard it but a lesson taught by natural law for the benefit of man in his future progress, and we believe that the proposition to take over the responsibilities of the First National Bank, by forming a Trust Company, is the best that could be devised, and should receive the support of every depositor, business man, and citizen who has his city at heart. We appeal then to the few doubting Thomases whose confidence has been shaken by the unfortunate suspension of one of the oldest banks in the state, not to oppose a movement which we think will redound to the interest of our city and all concerned. While we know that it is natural for man to lose confidence in human enterprises when once injured, thereby, from bad management, we still cling to the determination of repairing the injury by a more rigid discipline in business methods, and a vigilance, which will restore a confidence greater than that practiced in the past, and which will place business on a sounder basis and a more perfect safety. We stand then, squarely in favor of the Trust Company taking over the bank, resuming business, and saving an institution, which an opposition thereto, would be an evidence of weakness on our part, and which we should be ashamed to acknowledge. B. J. GONZALEZ.

11. March 18, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, March 18, 1914

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That a trust company, with strong financial backing. is one of the new projects under consideration for Pensacola, became known yesterday afternoon, but from the information that could be gleaned last night the plans of the backers are yet in their embryo state and may not mature for several weeks to the point where any definite announcement can be made. J. D. C. Newton, Frank Chaffin and others of Milton, who are financially in a position, to put through such a proposition in Pensacola, were recently in Pensacola and it is understood, made an investigation of conditions and were impressed with the opening here for a trust company. Mr. Newton, when called over the long distance phone last night at his Milton home, confirmed the report that the proposition Is under construction, but that at the present time nothing definite could be given out for publication: He said, however, that he would be in Pensacola within a few days when he would possibly be in a position to make some statement. AFTER BANK BUILDINGS. It became known yesterday that some parties have opened negotiations for both the vacant bank buildings in this city, but it is not known what connection these offers have with the proposed trust company. One report was that the Milton men were afer the Pensacola State bank location, while another report in circulation was that parties from some other state were desirous of securing it. It became known last night that Receiver Goodhart had also been made an offer for the buildings and fixtures of the First National bank.

12. April 5, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, April 5, 1914

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# ARGUMENTS ARE # HEARD IN SUIT # AGAINST BANK JUDGE SHEPPARD OVERRULES DEMURRER AND ORDERS RECEIVER TO SHOW WHY $150,000 SHOULD NOT BE PRODUCED. Judge Sheppard yesterday heard arguments in the case of H. G. DeSilva, as trustee of the Florida & Alabama Land Co., against R. W. Goodharts as receiver of the First National bank, in which the former seeks to compel the latter to turn over to him $150,000 which he alleges W. K. Hyer as president of the Florida & Alabama Land Co. paid to the bank on the personal accounts of officers of the land company. The case came up on a demurrer filed and argued by W. A. Blount, in which it was sought to show that the petition of the trustee was not specific and insufficient grounds had been shown. Anderson & Beall and Judge E. C. Maxwell appeared for the trustee. Judge Sheppard overruled the demurrer and ordered the receiver to show cause immediately why the money should not be turned over to the trustee for the benefit of creditors of the land company.

13. April 14, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, April 14, 1914

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NOTICE. Sealed proposals for the purchase of the property known as the Banking House of the First National Bank of Pensacola, together with vault, furniture and fixtures of the said First National Bank will be received up to, and including 12:00 O'clock noon, on April 25th, 1914. Prospective bidders are requested to send their bids in a sealed envelope, marked "Proposed Bid for First National Bank Building, Pensacola, Florida." enclosing this envelope in another envelope, addressed to R. W. Goodhart, Receiver of the First National Bank, Pensacola, Florida. The Government reserves the right to refuse any and all bids. Prospective purchasers are requested to be present in the office of the Receiver, in the First National Bank Building, at 1:00 o'clock noon. on April 25th, 1914, to witness the opening of these bids. R. W. GOODHART. Receiver of the First National Bank of Pensacola, Florida. 349-A5apr-td

14. August 5, 1914 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, August 5, 1914

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Four Men Are Indicted For Wrecking a Bank Pensacola, Fla., Aug. 4.-A federal grand jury here today returned indictments against W. K. Hyer, former president; W. H. Knowles, former vice president; Thomas W. Brent, former assistant cashier of the First National bank, and W. S. Keyser, president of the Keyser-Muldon Lumber companhy, charging them with aiding in misapplication of funds of the First National bank which suspended here some time ago. Knowles' bond was given at $10,000, and the others at $8,000 each. All gave bond.

15. September 30, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, September 30, 1914

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# W. N. ROBERTS DIES AFTER A SHORT ILLNESS ASSISTANT CASHIER OF BANK OF COMMERCE SUCCUMBS IN MO- BILE FOLLOWING AN OPERA- TION. Telegrams received in the city last night announced the death in Mobile of W. N. Roberts, assistant cashier of the National Bank of Commerce. Death occured shortly after 6 o'clock last night and followed an operation which was performed in the Mobile Sanitarium Sunday a week ago. Mrs. Roberts and children were in Mobile when the death occured and will accompany the remains to this city, arriving this morning at 6:20 o'clock. Mr. Roberts had been suffering from a complication of stomach troubles for some weeks and went to Mobile a little over a week ago. There it was found necessary to operate and up to until a day or so ago reports were that Mr. Roberts was improving. However, his condition grew worse and death occurred early last night. Mr. Roberts was a native of the city in which he died, but had resided in Pensacola since 1885. He was connected with the First National bank in various capacities and when it suspended operations he was the assistant cashier. The deceased had many friends in Pensacola and the surrounding territory. He was popular with his associates as well as the general public and many will regret to learn of his death. He was 57 years of age and is survived by a wife and five children, three sons and two daughters, besides a number of other relatives. The hour and date of the funeral will be announced later.

16. November 20, 1914 The Palatka News and Advertiser Palatka, FL

Article from The Palatka News and Advertiser, November 20, 1914

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# BANK OFFICERS REINDICTED Federal Grand Jury Takes Action In The Pensacola Bank Case Pensacola. - Two officials and two former officials of the suspended First National Bank here were reindicted by a local United States grand jury on the charge of misapplying the funds of the institution. The defendants are William H. Knowles, vice president; Thomas W. Brent, assistant cashier; W. K. Hyer, former president, and William S. Keyser, a former director. Attorneys for the defendants attacked the previous indictments, alleged that the grand jury returning them had been drawn illegally. No decision of their validity has yet been made, but the government decided to ask for new true bills.

17. December 22, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, December 22, 1914

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DEPOSITORS IN MEETING WITH BANK RECEIVER DISCUSSED AFFAIRS OF THE SUSPENDED FIRST NATIONAL BANK AT MEETING ON INTENDENCIA STREET. A meeting of Receiver W. H. Milton and the committee representing depositors of the First National bank was held last night at the new quarbers of the receiver on West Intendencia street, when matters were discussed regarding the liquidation of the suspended bank's assets. The depositors were well represented, a number of prominent citizens attending the meeting, which continued until a late hour.

18. February 28, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, February 28, 1915

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# JUDGE R. M. CALL # WILL PRESIDE Assistant Attorney Beall Will Conduct the Prose- cution and the Defend- ants Will Be Represented by an Array of Prominent Lawyers. The trial of four prominent citizens, former officers of the suspended First National Bank of Pensacola, will be called in the United States court tomorrow morning at 10 o'clock. The defendants are W. K. Hyer, a former president; W. S. Keyser, a former director; W. H. Knowles and Thos. W. Brent, the two latter being vice-president and assistant cashier, respectively, when the bank suspended. Judge R. M. Call of Jacksonville, has been designated to hear these cases, Judge Sheppard going to Jacksonville to preside. He left last night. So far as known both sides are in readiness for the trial, as motions and arguments had previously been heard. Assistant Attorney Philip T. Beall will conduct the prosecution for the government, District Attorney E. C. Love having resigned. He will have no assistance, it is stated, other than accountants who will be among the important government witnesses. The defendants are represented by an array of prominent attorneys. Among them are Judge F. B. Carter, Scott M. Loftin, Jno. P. Stokes, Judge E. C. Maxwell, W. A. Blount, Jr., J. Walter Kehoe, Will H. Watson, Samuel Pasco, John S. Beard and Mr. Bucker, the latter of New York. The defendants were indicted by the last grand jury for conspiracy individually and jointly, but it is not known yet whether the trials will be separated by the government or all tried jointly. Judge Call, who is to preside, is expected to reach the city tomorrow morning. The length of the cases is problematical. The time required to consume them is variously estimated from one week to three weeks.

19. July 21, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, July 21, 1915

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FOR SALE-The following shares of stock: 98 shares Barcelona St. Wharf Co., 2 shares Ferry Pass Inspectors & Shippers Assn., also 240 residence lots in Hazelhurst, one lot and two-story dwelling on Bayou Chico: 15,100 acres pine land. Santa Rosa county, 100 shares of stock in the Interstate Casualty Company. one lot in the Town of Andalusia, Alabama. and a number of lots in the New City Tract and East Pensacola: 2 residence lots in Montgomery, Ala., $25.-000.00 bonds of Pensacola Suburban R. R. $28.000.00 G. F. & A. R. R. Co. bonds; 58 shares of preferred stock G F. & A., 174 shares of common stock G. F. & A. 140 lots in Highland Park. 53½ acres land West of Country Club, and South of the hard road. 12 8-10 acres of land facing Brent road. 87 acres of land in Oakfield Survey adjoining the Campbell homestead. W. H. Milton, receiver Firts National Bank, 11 West intendencia street, Pensacola, Fla.. 1may

20. August 29, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, August 29, 1915

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FOR SALE-The following share or stock: 98 shares Barcelona St. Wharf Co., 2 shares Ferry Pass Inspectors & Shippers Assn., also 240 residence lots in Hazelhurst, one lot and two-story dwelling on Bayou Chico; 15,400 acres pine land, Santa Rosa county, 100 shares of stock in the Interstate Casualty Company, one lot in the Town of Andalusia, Alabama, and a number of lots in the New City Tract and East Pensacola; 2 residence lots in Montgomery, Ala., $25,000.00 bonds of Pensacola Suburban R. R. $23,000.00 G. F. & A. R. R. Co. bonds; 58 shares of preferred stock G F. & A., 174 shares of common stock G. F. & A, 140 lots in Highland Park. 53½ acres land West of Country Club, and South of the hard road. 12 8-10 acres of land facing Brent road. 87 acres of land in Oakfield Survey adjoining the Campbell homestead. W. H. Milton, receiver Firts National Bank, 11 West Intendencia street, Pensacola, Fla. 1may

21. October 13, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, October 13, 1915

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FOR SALE-The following sharer of stock: 98 shares Barcelona St. Whar! Co., 2 shares Ferry Pass Inspectors & Shippers Assn., also 240 residence lots in Haselhurst, one lot and two-story dwelling on Bayou Chico: 15,400 acres pine land, Santa Rosa county, 100 shares of stock in the Interstate Casualty Company, one lot in the Town of Andalusia, Alabama, and a number of lots in the New City Tract and East Pensacola: 2 residence lots in Montgomery, Ala., $25,000.00 bonds of Pensacola Suburban R. R. $25,000.00 G. F. & A. R. R. Co. bonds; 58 shares of preferred stock G F. & A., 174 shares of common stock G. F & A 140 lots in Highland Park. 58½ acres land West of Country Club, and South of the hard road. 128-10 acres of land facing Brent road. 87 acres of land in Oakfield Survey adjoining the Campbell homestead. W. H. Milton, receiver Firts National Bank. 11 West intendencia street, Pensacola. Fla. imay

22. December 9, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, December 9, 1915

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FOR SALE--The following share of stock: 98 shares Barcelona St. Whart Co., 2 shares Ferry Pass Inspectors & Shippers Assn., also 240 residence lots in Hazeltvrst, one lot and two-story dwelling on Bayou Chico: 15,100 acres pine land. Santa Rosa county, 100 shares of stock in the Interstate Casualty Company, one lot in the Town of Andalusia, Alabama, and a number of lots in the New City Tract and East Pensacola: 2 residence lots in Montgomery, Ala., $25,000.00 bonds of Pensacola Suburban R. R. $3,000.00 G. F. & A. R. R. Co. bonds; 58 shares of preferred stock G F. & A., 174 shares of common stock G. F. & A 140 lots in Highland Park. 53½ acres land West of Country Club, and South of the hard road. 128-10 acres of land facing Brent road. 87 acres of land in Oakfield Survey adjoining the Campbell homestead. W. H. Milton, receiver Firts National Bank. 11 West intendencia street. Pengacola. Fla Imay

23. August 15, 1916 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, August 15, 1916

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W. H. Milton Refuses to Confirm Washington News About Him. MAKE STATEMENT WITHIN DAY OR TWO Further Developments Are Awaited With Considerable Interest. SPECIAL TO THE JOURNAL. Marianna, Fla., Aug. 14.-A report reached this city tonight that Hon. W. H. Milton has resigned the receivership of the First National Bank of Pensacola. Mr. Milton, being a resident of Marianna, a representative of The Journal called him over the telephone and asked for a statement on the subject. This, however Mr. Milton declined to give at this time, stating that he would make a statement within the next day or two. He declined to either confirm or deny the report, which is of great interest to the people of this city and section, owing to the prominence of Mr. Milton and of the institution of which he has been receiver for more than two and a half years. Further developments in the matter will be awaited with interest. Mr. Milton just recently has declared a five per cent dividend as receiver on the deposits of the defunct bank, making a total of sixty per cent thus far returned to the depositors.