0c6e8bc0Borrowed from banks or large institutions, Public signal of financial health
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DELIVERY OF $750,000 IN CURRENCY STOPS RUN ON GEORGIA BANK Ga., Oct. livery currency the First Bank of Ga., from three banks, today run the Dublin began Saturday The First National Bank appealed to Federal Reserve Bank Atlanta for immediate aid. which was granted, the problem was to get the money National Bank. Macon National Bank and Southern this city, thorized money the Reserve Bank would ship an amount the the money was carried Dublin.
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In Automobile Bundles of Currency Rushed From Macon To Stop Run on Bank. Ga., October livery of approximately $800.000 currency to the First National bank, Dublin, Ga., from three Macon banks, stopped run Dublin institution which began Saturday and continued this The First National bank appealed the Federal Reserve bank in Atlanta immediate aid. which was granted. but the problem was get the The Fourth National bank. Macon National bank and The Citizens and Southern bank, of this city, were thorized supply the money and the Federal Reserve bank would ship an equal amount here. Two Macon motorcycle officers accompanied the car in which the money carried to Dublin. OF MONEY STOPS RUN. Dublin, Ga., October Members of the Dublin 121st Infantry, carried $800,000 through lane people at the First National bank here today, people who were lined up to withdraw their deposits. Within 30 minutes after the huge pile of currency was piled up the tellers' the crowd melted away. run the bank started Saturday the Dublin bank offered $500 reward for the rest of the person who started the All depositors were paid during fast could and Garrett. vice officials in federal reserve bank the disposal the Dublin and the banks on Monday the federal bank money Macon.
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$800,000 SENT BY AUTOMOBILE Armed shotguns and pistols, two policemen rode guard on a fortune in currency Monday It was shipment of sent by automobile from three to the Flest National bank of where "run" in No dangers were encountered on the trip. made by automobiles piloted by officials of the Dublin bank. and so quietly were preparations made for transfer of the huge amount of cash that no word of it leaked out until the afternoon. after the two policemen, Motorcycle Officers Fred Patterson and T. A. Calhoun. had returned from Dublin, and after the banks here had received a shipment of currency from Atlanta o ceplace that loaned the Dublin inThe banks here. Citizens and Macon National and Fourth National, were notified Sunday by the Federal Reserve bank in Atlanta that the shipment should be made to Dublin as early as possible Monday. All arrangements were made and the began at the officers fondling shotguns while three big packets of banknotes
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Pres. Pelley Says Central's Policy Will Not Change Declaring that there will be no change in the policy of the Central of Georgia Railway. President J. Pelley in statement issued today discusses the principles that have characterized that policy in the past and which will be followed in the TUture. Mr. Pelley states that the railroad realizes that it is judged by the quality of service it performs, and that the Central will continue to pendable and courteous transport service He says further that the railroad recognizes another obligation in addition to that of service to the public, and that is to co-operate in every possible way in the progress and development of the section it serves. lay on the floor of one of the cars In Dublin members of the national guard unit met the cars and escorted the bank officials with their pre. through the crowds surrounding the bank. RUN STOPPED Oct run on First National bank here that the began Saturday was stopped Monday morning with the arrival from Macon of $800 in currency The run started by circulation of "malicious report,' bank officials state, and offer $500 reward for apof the responsible person. The First National was organized in 1901 and has been in continuous operation since that time. never being in any trouble Original officers are still at the head of the institution. and they announced Tuesday morning that the deposits have actu ally gained. in the rebound from the trying times of Saturday and Monday and the return of confidence greater than ever in the soundness of the bank. It is largest financial institution between Macon and Sa.
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BANKS RUSH TO AID DUBLIN HOUSE More Than Half a Million Dollars Is Sent to First National There THREATENED "RUN" HALTED Officials of Laurens Institution Offer Reward For Rumor's Starter Acting upon the request the Federal Reserve Bank of Atlanta, which guaranteed the lonn. three Macon banks yesterday than half million dollars Dublin run First National Bank of that city had been D. STEPHENSON started by what bank officers said INDIANAPOLIS, Ind., 11 was rumor. former The money was from Macon grand dragon of the Ku Klux Klan. by two automobiles driven by Dublin and the figure in the charges men. Motorcycle Officers Fred Pat- political corruption brought by terson and Tom Calhoun, of the Ma- Thomas Adams, of the Vincennes con police department detailed today ordered by Chief Ben T. Watkins, to guard brought Marion County shipment. grand morning. the James Collins, the The Federal Reserve bank Sunday Marion Court. today issued the order for the Dublin at the request William The Remy, prosecutor. Stephenson and Bank, the Fourth Na serving life for murder tional Bank and the National Michigan City and from the Banks participated the loan. word that the warden would Vatkins notified Sunhonor the order day night that two would guard the money. He tailed the motoreycle officers assigned ARGUMENTS BEGIN ed duty banks with two men from Dublin at o'clock yesterday morning and the officers had returned by The money was made up into oblong packages. officers Woman on Trial For Life Relates the armed with shot Shooting of Mate pistols. The cars from Macon without hap the Dublin COURT ROOM IS JAMMED large crowd was awaiting the doors the Money Replaced "That big crowd that Arguments were o'clock the Bibb County this the case of Mrs. jail following the Smith Wilson Lillian Hutchinson, der, Calhoun said. "Their Kansas on trial for her life in sure did stretch wide open when court here for the murder came with the money her husband, George McKie, The officers were driven back to Augusta and Edgefield South Carolina. McKie shot her husreceived here band to July 24. effect started Attorney Joseph Watkins for the the Dublin Saturday afternoon defense argument, and and officials called the Federal Re- o'clock tonight Solicitor General serve Bank officials Atlanta. George Haines arguing for the meeting the Reserve Bank state. Judge Franklin. of Suwas held Sunday and perior 7:15 the bank notified that o'clock short recess would be supplied money was the case tonight if it took all night Federal Reserve Bank dis- hear patched hanks shipment Mrs. McKie claimed that she shot what had been loaned her because he made the The shipment effort draw pistol from riving yesterday afternoon.
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RUN IS STOPPED thousand loaned the First National Bank Dublin three Macon Banks, through the Federal Reserve Bank of Atlanta, stopped small run on the Dublin The money was escorted from Ma that city and members the Dublin who through lane people waiting withdraw their posits Within crowd saw the money taken into the bank to pay their had melted and the run was The run the bank first started Saturday due maliciofficials Dublin and have offered $500 reward for the person who started collected bank Saturday morning all Sunday the institution Reserve officials the Federal Reserve 000,000 the the Dublin bank. Biggest Country Bank The Dublin bank was started 25 officers who the bank and the It is reported one the largest country banks the State and the largest beWhile the flurry withdrawals this the of the bank the the deposits made during the flurry exceeded the amount withdrawn frightened depositors. and when the the bank had actually in deposits. Dublin had the bank and rallied much of the money taken out this morning and Saturday began back this aft.
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Run on Dublin Bank Ends as $800,000 Arrives From Macon MACON, Ga., Oct. 12.-(P)-Delivery of approximately $800,000 in currency to the First National Bank of Dublin, Ga., from three Macon banks, stopped run the Dublin institution which began Saturday and continued Monday morning. The First National bank appealed to the federal reserve bank in Atlanta for immediate aid, which pas granted, but the problem was to get the money to Dublin. The Fourth National bank, Macon National bank and The Citizens and Southern bank, of this city, were authorized to supply the money the federal reserve bank to ship an equal amount here to replace it. Two Macon motor cycle officers the in which the accompanied car money was carried to Dublin. MALICIOUS RUMOR BLAMED BY DUBLIN BANK OFFICERS DUBLIN, Ga.. Oct. 2.-(P)-Members of the Dublin company, One Hundred and Twenty infantry, carried $800,000 through lane of people at the First National bank here Monday, people who were lined up to withdraw their deposits. Within 30 minutes after the huge pile of currency was piled up at the tellers' windows, the crowd melted away. The run on the bank started Sat. urday morning because malicious rumor, it is reported. Officers of the Dublin bank have offered $500 reward for the arrest of the person said to have started the rumor. All depositors were paid during Saturday, as fast as the money could be counted out. On Sunday morning F. G. Corker, president, and A. W. Garrett. vice presid nt, con. ferred with federal reserve officials in The reserve bank placed $1,000,000 the disposal of the bank and authorized the banks in Macon to deliver $800.000 on Monday morning, the federal reserve bank to replace the money.
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FEDERAL RESERVE SAVES DUBLIN BANK FROM RUN Macon, Ga.-Delivery of approximately $750,000 in currency to the First National Bank of Dublin, from three Macon banks, stopped a run on the Dublin institution which began Saturday and continued Monday morning. The First National Bank appealed to the Federal Reserve Bank in Atlanta for immediate aid, which was granted, but the problem was to get the money to Dublin. The Fourth National Bank, Macon National Bank and the Citizens and Southern Bank of this city were authorized to supply the money and the Federal Reserve Bank would ship an equal amount here. Two Macon motorcycle officers accompanied the car in which the money was carried to Dublin.
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Supreme Court Declines To Advise in Bank Case WASHINGTON, May 9.-(A.P.)The supreme court declined today to advise a lower court as to how to devise legal efforts to get out of closed banks funds allegedly held in trust and entitled to priority over claims of general creditors. The fifth circuit court of appeals asked instructions in two such cases, one of them involving $5000 which the city of Miami, Fla., is trying to recover from the receiver for the First National bank of St. Petersburg, Fla. In the other case-the Larabee Flour Mills company is seeking $1445 from the receiver of the First National bank. Dublin, Ga., the amount representing proceeds of a check the bank had collected.