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White Bank
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The veteran, who is a patient at the U. S. hospital, became angered and demanded all of his money. After receiving his money the veteran returned to the hospital and told his comrades he had had difficulty in getting his money. Immediately a run started. When the bank officials, who are W. W. Campbell, president; C. C. Meredith Jr., vice president, and J. B. Wilkinson, cashier, all white, saw the crowd they became incensed, and after paying out about $5,000 closed the bank. About $75,000 was said to be deposited at the bank from the Veterans' hospital alone. The action of the bank officials caused a hurried call to be sent to Montgomery, about 40 miles away, for the State bank examiner, who took over the closed institution. There is said to be little hope held out for the bank to reopen soon. Many Negroes were stockholders as well as depositors in the bank. When Tuskegee Institute was notified that the bank had closed, as rapidly as its checks which were already drawn on the closed bank failed to clear, new checks were issued on the Bank of Tuskegee, which is on the campus of the institute. The Tuskegee Institute bank is said to be in healthy condition. Dr. R. R. Moton, principal of the institute, is president of the school bank. The institute has now made its own bank its depository. Tuskegee Institute is about a mile from the town of Tuskegee, where the Macon County bank is located. was held last week between Dr. Moton, William H. Carter, treasurer of the institute, and the officials of the closed bank, but no statement was given out after the meeting. Tuskegee Institute handles an nual budget of about $700,000 a. year through its office and most of the money is said to have cleared through the closed bank.
