3046. Realty Savings & Trust Company (Savannah, GA)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
trust company
Start Date
December 19, 1921
Location
Savannah, Georgia (32.084, -81.100)

Metadata

Model
gpt-5-mini
Short Digest
f89cc016

Response Measures

Full suspension

Other: Bank posted notice of suspension and announced it would petition for relief by receivership; state examiner took charge of related Savannah banks but not explicitly Realty.

Description

Multiple contemporaneous articles report heavy/unusual withdrawals (a run) on Realty Savings & Trust Co., which posted a notice (Dec. 19/20, 1921) suspending payments and stating it would petition for relief 'by receivership or otherwise' to conserve assets. The reporting does not show a receiver actually being appointed or the bank definitively closed in these articles, so outcome is uncertain.

Events (2)

1. December 19, 1921 Run
Cause
Local Banks
Cause Details
Heavy/unusual withdrawals by depositors; contemporaneous runs/suspensions of other Savannah banks contributed to contagion
Measures
Directors posted notice of suspension and announced they would petition for relief (receivership or otherwise) to conserve assets and avoid loss to depositors.
Newspaper Excerpt
due to withdrawal of funds ... unusual withdrawal of funds ... failed to withstand an all-day run yesterday
Source
newspapers
2. December 19, 1921 Suspension
Cause
Local Banks
Cause Details
Board resolved to suspend payments after unusual/ heavy withdrawals by depositors (part of broader runs affecting Savannah banks).
Newspaper Excerpt
Due to unusual withdrawals of funds, Realty Savings and Trust Company ... has resolved to suspend payment of any further demands and would make petition for relief by receivership or otherwise for the purpose of conserving its assets.
Source
newspapers

Newspaper Articles (12)

Article from The Ocala Evening Star, December 20, 1921

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Conserving Its Coin Savainah, Ga., Dec. 20.-The Realty Savings & Trust Company last night posted on its doors a notice stating, due to withdrawal of funds, the institution had resolved to suspend payment and petition for relief by a reecivership or otherwise for the purpose of conserving its assets and avoiding loss to its depositors. The trust company is capitalized for $100,000.


Article from Americus Times-Recorder, December 20, 1921

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RUNS CLOSE TWO SAVANNAH BANKS Peoples and Realty And Savings Trust Co. Unable To Weather Demands of Depositors SAVANNAH, Dec. 20.-The Peoples bank, with a capital stock of $100,000, failed to open its doors this morning. A notice on the door stated that the bank was in the hands of the state banking officials. The bank failed to withstand an all-day run yesterday. The realty Savings & Trust company last night posted a notice on the door stating that due to the unusual withdrawal of funds, the directors had "resolved to suspend payments of any further demands and would make petition for relief by receivership or otherwise for the purposé, of conserving its assets." The bank has a capital stock of $100,000.


Article from Americus Times-Recorder, December 20, 1921

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RUNS CLOSE TWO SAVANNAH BANKS Peoples and Realty And Savings Trust Co. Unable To Weather Demands of Depositors SAVANNAH, Dec. 20.-The Peo ples bank, with a capital stock of $100,000, failed to open its doors this morning. A notice on the door stated that the bank. was in the hands of the state banking officials. The bank failed to withstand an all-day run yesterday. The Realty Savings & Trust company last night posted a notice on the door stating that due to the unusual withdrawal of funds, the directors had "resolved to suspend payments of any further demands and would make petition for relief by receivership or otherwise for the purpose of conserving its assets." The bank has a capital stock of $100,000.


Article from The Lakeland Evening Telegram, December 20, 1921

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FRANCE TO DEMAND MORE SUBMARINES FIFTEEN MEN OF ANTI-LYNCHING EASTLAKE MAY RAIL MAGNATES IRISH STILL UNCERTAINTY PREVAILS ASTO BILL IS GIVEN ARDMORE WAIT ON KNOW HIS FATE OUSTED FROM A ARGUING OVER CHARACTER OF CONCESSIONS BY STATE GOVERNOR BEFORE TONIGHT RIGHT OF WAY FEW POSITIONS PEACE TREATY FRENCH DELEGATES AT CONFERENCE Shooting of Four Men, Three FaBitter Discussion Last Night, With Trial of Alleged Wife Murderer Is PAYMENT SUSPENDED Under Ruling of InterMoticn To Ratify and To View In Washington Is Reaching Its Last Stages Southern Members Strongly tally, Stirs Up the Public To BY BANK OF SAVANNAH state Commerce ComThis Afternoon Action Refuse To Ratify Both That Fewer Capital Assailing It Before Dail Eireannmission They Can Not Ships and More SubSavannah, Ga., Dec. 20.- The Realty Montross, Va., Dec. Roger D. Washington. Dec. -Given the Ardmore. Okla. Dec. 20. Citizens Savings and Trust company last night Sit On the Boards of right of way after a bitter fight the Eastlake former naval petty officer Sea Craft Will Be AcProceedings Regarded of Ardmore were awaiting today the posted the following notice on its on trial here for the murder of his Dyer anti-lynching bill was to be takresults report to the governor on door: Directors of All the DifAs Stage Play For Benceptable - Briand wife at Colonial Beach last Septemen up in the house today for general the shooting and killing of three men "Due to unusual withdrawals of ber. may know the verdict of the jury and the wounding of a fourth at Wildebate under a program agreed upon ferent Railroads eft of Extremists Makes Another Statefunds, Realty Savings and Trust combefore he retires tonight. Instructions by house leaders which will bring it here. Thursday night. pany bye order of board of directors, of 15 selected at a mass to the jury and final argument by the to vote probably immediately after ment Washington, Dec. William Queenslew Dec. 20. (By the has resolved to suspend payment of state and the defense alone remained Ardmore citizens called the Christmas recess, Although the Rockefeller, Harold S. Vander sociated Press. The removal any further demands in the meantime of the governor to "tell the true measure is taken up under a rule limto be concluded today and the Washington. Dec. 20 By the AsGeorge F. Baker, will have give making appropriate petition for relief British troops from Ireland, which was regarded as certain of going to affairs." in this county iting general debate to ten hours, sociated Press.)- how far the by December 31 certain places by receivership or otherwise for the have begun today. has been men. four of whom the jury the latter part of the day which adopted last night by French delegates were disposed to on boards of attractors purpose of conserving assets and and they will not be with. charged murder. are in jail in When the defense had rested vote of 170 to 42, leaders have agreed modify their original ten-ship conrailroad corporations, under a ruling avoiding sacrifice and loss to deposit unless the treaty is ratitied. it connection with the killings. All of not to press it to a final vote before case yesterday and the testimony tors. here. struction proposal at the postponed today by the Interstate Commerce held bail with no date set for rebuttal witnesses had been concludthe recess, which will probably begin Commission. Two Motions Today meeting of the naval committee apW. H. Stillwell as president of the preliminary hearing Meny of the Thursday. It will be debated until ed, defense counsel proposed that arDublin. Dec. By the Associatcompany which was organized in 1916 peared to hang today the hopes of Mr. Rockefeller, the |commission men prominent There was disthat time. it was said. gument to the jury be eliminated but ed announced this the conference of a successful The capital stock was $100,000. said. may be an officer of the Chicago, cussion here today of a statement Commonwealth Attorney Mayo insist Repeated roll calls demanded by


Article from The New York Herald, December 21, 1921

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RUNS CLOSE SAVANNAH BANKS. People's and Realty Savings Can't Stand Withdrawals. SAVANNAH, Dec. 20.-The People's Bank and the Realty Savings and Trust Company, each with a capital of $100,000. failed to open doors for business to-day. Their closing was attributed to heavy withdrawals yesterday. The People's Bank has been taken In charge by the State Banking officials. The Realty Savings and Trust Company announced that it would file a petition for relief "In the form of a receivership or otherwise," so as to conserve its assets.


Article from The Brunswick News, December 21, 1921

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Realty Trust Gives Notice of Unusual Withdrawals as Reason For Not Opening For Business Yesterday. Savannah, Dec. 20.-The Realty Savings and Trust Company, W. H. Stillwell, president, last night posted on its doors a notice as follows: Due to unusual withdrawals of funds, Realty Savings and Trust Company, by order of board of directors, as resolved to suspend payment of any further demands, in the meantime making appropriate petition for relief by receivership or otherWise for the purpose. of conserving assets and avoiding sacrifice and lost to depositors. Realty Savings, and Trust Co. By W. H. Stillwell, President. Dec. 19, 1921. 9 p. m. The company was organized in 1916 The officers are: W. H. Stillwell. president; C. G. Rowland, vice president; William C. Gilbert, Jr., secredary-Neasurer.


Article from The Brunswick News, December 21, 1921

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TWO SAVANNAH BANKS FAIL TO OPEN DOORS YESTERDAY People's Bank Posted Notice It Realty Trust Gives Notice of Unusual Withdrawals as ReaHad Suspended Payment to son For Not Opening For BusProtect Depositors.--w. D. iness Yesterday. Lloyd in Charge Institution. Savannah, Dec. 20.-The Realty Savannah, Dec. 20. -The Peoples Savings and Trust Company, W. H. Bank of Savannah failed to open its Stillwell, president, last night posted doors this morning on its doors a notice as follows: The following notice on the doors of Due to unusual withdrawals of the Institution told of the closing of the bank: funds, Realty Savings and Trust Company, by order of board of diFor the protection of the de rectors, as resolved to suspend positors and all other persons inpayment of any further demands, terested in the Peoples Bank of in the meantime making approp Savannah the board of directors this day placed the bank in the riate petition for relief by receivership or otherWise for the purhands of the state superintendent of banks. pose. of conserving assets and avoiding sacrifice and lost to de(Signed) Thomas J. McEllfun, positors. Jr., president. Arthur E. Pierce, Realty Savings and Trust Co. vice president and cashier. ArBy W. H. Stillwell, thur? W Soloman, F. M. Oliver, President. W. S.TGodley, J. W. F. Hester, J. D. Siem, A. Thomas R. S. Reid, Dec. 19, 1921. 9 p. m. W. H. Seigler. December 20th, 1921 The company was organized in 1916 The officers are: W. H. Stillwell. W. D. Lloyd, examiner in charge of the American Bank and Trust Com president: C. G. Rowland, vice presipany. is today in charge of the Ped- dent; William C. Gilbert, Jr., secreples Bank tary Measurer.


Article from Norwich Bulletin, December 22, 1921

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enuea by troops who arrested thirty persons and seized huge uantities of ammunition J. C. Ropp was appointed assistant commissioner of the national budget by Charles G. Dawes. Thomas Findley, president of the Massey Harris Co., of Toronto, died at his home in Toronto. Fifth avenue, New York, is in the midst of the greatest Christmas shopping carnival it has ever known. The death of Cardinal Francis Mary Roverie De Cabrieres bishop of Montpelier, France, was announced. American Malt & Grain Co. liuidating trustees. sold the Buffalo plant for $500.000 to a Minneapolis milling concern. Idle freight cars on Dec. 8 totaled $528,158. compared with 455,376 on Dec 1. an increase of 72.782 cars, according to the American Railway association. A messenger of the Chotean Trust Co., of St. Louis was held up by three bandits. who escaped with a satchel containing $8,180. George Rogers, an escaped convict is being held by the Chicago police in connection with the million dollar mail robbery in Toledo Under a ruling by the Interstate Commerce Commission many big rail men must give up their directorships on competing roads. It was announced at the White House that President Harding will make publie next Friday a list of Christmas pardons, Sir James McKechnie, of Vickers, Ltd., of Barrow, England, arrived on the Cunard liner Scythia to study shipbuilding conditions in the United States. Custom officers seized the tramp ship Javary, which arrived at New York from Baltimore. It is alleged she had aword 250 drums of alcohol Representative Volk of New York, introduced a bill in the house to provide a soldiers' bonus, funds to be obtained by n a sales tax. Notices were posted by Philadelphia & Readisg Railway Co announcing wage cuts of maintenance of way employes t ranging from 5 to 15 cents an hour. 1 An official order to close the Sedalia shops of the Missouri Pacific railroad was received from St. Louis. Approximately 1,400 men are affected. s Closing of small railroad stations for purposes of economy will be opposed by o the Massachusetts state department of t public utilities. d The expected arrival of big shipes ments of Christmas trees from Maine rt promise to assure a plentiful supply of holiday greens for greater Boston. at if Rev. Dr. James Ballantyne. formerly th moderator of the Canadian Presbyterian ageneral assembly, died suddenly at his at home in Toronto, He was 64 years old. nt t An express train from Paris collided bt last night with the Trieste-Rome express ion the bridge crossing the Plave at San al Dona. Relief trains have been sent to a the wreck, but details are lacking ce er A woman, 50 years of age. who had n, just made a trip by water and rail from ly Boston to Jacksonville, Florida, and bback, has been found to be suffering from typhus. on of Excitement prevailed at the corner its of Chauncey and Essex streets, Boston nwhen a charge of dynamite. used to nblast away pieces of concrete in buildit ing operations, went the wrong way and on threw rocks and stones in all directions he TDr. Walter Simons, the former foreign ry minster, in an open lette to Von Hindenburg. accuses the field marshal of doty ing him a bitter injustice in asserting ke that Simons had renewed in ondon his so Versailles admission of Germany's war slguilt. ect of American exporters were told to "hold a their heads up" as their feet were "on se solid ground" by Dr. Julius Klein. diof rector of the bureau of foreign and dohe mestic commerce, of the commerce dete partment in an address before the Philadelphia Export club. he od Major General Clarence R. Edwards n. commanding the First Army Corps area ier will act as a post-Christmas Santa as Claus on December 27 when he will con ed fer decorations awarded by this and oth its er governments on 13 persons from vato rious parts of New England. an loPeoples' Bank and Realty Sovings & aty were Trust Co., of Savannah, C1. ail. placed in the haids of the State Bank Exthe aminer. due to heavy withdrawals of de posits. During the last few months five ap. banks suspended in Savannah, to ion Gluseppe Parisi, arrested in Spring the field soon after Carlo Siniscalchi, local to Italian teacher had been shot in his au the tomobile, was arraigned in district cour eeon a charge of murder and was help without bail for preliminary hearing De cember 27. S'N Fire damage that may exceed $30. 000 was done to a store in a Main stree erbusiness block in Springfield and ser ood oc ously threatened the Hotel Hawking, to7 cupying the same building. whose an, guests made their escape with little dif of ficulty. ciainA scheme to defraud in stock an ful bond transactions by misuse of the Unit ened States mails said to involve million miof dollars alleged in Indictments mad


Article from The Watchman and Southron, December 24, 1921

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Second Savannah Bank Fails Savannah, Dec. 20.--The Realty Savings and Trust Company posted notice today that it would suspend payment of further demands on account of unusual withdrawals by depositors.


Article from Palisadian, December 24, 1921

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Boston & Maine Railroad posted announcement that wages in all departments would be cut. Representative Volk, of New York, introduced a bill in the House to provide a soldier's bonus, funds to be obtained by a sales tax. An official order to close the Sedalia shops of the Missouri Pacific Railroad was received from St. Louis. Approximately 1,400 men are affected. Four men, each carrying two pistols, held up and robbed the State Bank of Muka, Ill., of $15,000 in cash and negotiable paper and escaped in an automobile, pursued by posses. Peoples Bank and Realty Savings & Trust Co., of Savannah, Ga., were placed 1 the hands of the State Bank Examiner, due to heavy withdrawals of deposits. During the last few months five banks suspended in Savannah. Philippine Nationalist Party in convention at Manila demanded complete separation from the United States. Prohibition agents seized 89 stills and 42 distilleries in Georgia so far this month. State Director Dismuke reports property is valued at $128,607. Guy Potter Benton was formally inaugurated as -president of the University of the Philippines, at Manila, P. I. President Harding signed an order, effective January 1, providing that employes of the Panama Railroad Company shall be charged for rent, fuel, electric current, water and other services which were furnished by the Government.


Article from The Fitzgerald Leader Enterprise and Press, December 28, 1921

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Savannah Banks Closes Their Door SAVANNAH Dec 20-The Ped ple's Bank with a capital of a hun dred thousand dollars failed to open its doors this morning a notice O the doors of the bank stating that th gank was in the hands of state bank ing officials, The bank failed to with stand an all day run yesterday. The Realty Savings and Trust Co. last night posted the following notice on its door: "Due to unusual with drawal of funds in the Realty Sav ings and Trust Company by order of the board of directors, has resolved to suspend payment of any further demands. In the meantime it is making appropriate petition for relief by receivership or otherwise for the purpose of conserving asses and avoiding sacrifice and loss to depositors. W. H Still President. The capital stock is $100,000.


Article from News and Citizen, December 28, 1921

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Meat prices in New York, even of the best cuts, are lower than they have been in many months because supplies are more abundant. A simple service, attended only by members of his family, marked the funeral of Henry Watterson, journalist and soldier, who died at a hotel in Jacksonville, Fla. The body will rest in a vault until spring, when it will be taken to Louisville, Ky., for burial in the family plot in Cave Hill Cemetery. Steelton, Ohio, branch of the Citizens' Trust and Savings Bank Co. was robbed of $10,000 by five bandits. Joint Council of United Shoe Workers of America at Lynn, Mass., refused to arbitrate with the Lynn Shoe Manufacturers' Association for settlement of the wage controversy. Boston & Maine Railroad posted announcement that wages in all departments would be cut. Representative Volk, of New York, introduced a bill in the House to provide a soldier's bonus, funds to be obtained by a sales tax. An official order to close the Sedalla shops of the Missouri Pacific Railroad was received from St. Louis. Approximately 1,400 men are affected. Four men, each carrying two pistols, held up and robbed the State Bank of Muka, III., of $15,000 in cash and negotiable paper and escaped in an automobile, pursued by posses. Peoples Bank and Realty Savings & Trust Co., of Savannah, Ga., were placed in the hands of the State Bank Examiner, due to heavy withdrawals of deposits. During the last few months five banks suspended in Savannah.