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IN CALMNESS All Commercial Institutions of City Yield to Gormley's Advice CHECKS BEING ACCEPTED Many Business Firms of City Honor Bank Paper For Purchases or Debts Macon banks closed Friday in observance of banking holiday decreed by Gov. Eugene Talmadge and will not reopen for business until Tuesday morning proclamation placing the moratorium in effect o'clock Friday morning and providing that it extend through Monday issued from the office of the governor at about noon Friday, and banks began closing here soon as news the proclamation was received. Before o'clock the afternoon all had decided to observe the holiday. accepted the banking calmly. Stories on simiaction in other have been appearing in newspapers for several days, apparently Macon people expected the taken They seemed realize that local banks' conditions sound and bankers praised their depositors being extremely wane and sober.' Others in Line News of the moratorium reached Macon about o'clock. Acting on the proclamation, the First National Bank and Trust company in Macon closed its doors shortly afterwards The Citizens Southern National open until o'clock, its regular and the City Bank Trust company until 2 o'clock, when the institution for noon recess. Its officials decided to comply with the proclamation and did not reopen Similar action was taken at the Macon Savings bank. Jesse B. Hart. its president, closed that institution after information had been re of the action. was spread about the city that holiday had been creed and that bank had shut Its number of withdrew their money from the Citizens and Southern bank. Denmark, executive vice president said that those for their cash were small depositors, that the did not single large the City Bank and Trust little learned one bank already had closed of the small, Rad president of the bank, Withdrawals Nominal Marshall president of the First National, said that withpast days had and that his had withstand heavy one had developed statements have shown all banks to in good condition and Governor Talmadge's emphasized the fact that the holiday prevent states already have closed from draining from fact superintendent R. Gormley night in Atlanta ing the Georgia banks in such condition that moratorium
