Commercial National Bank (Muskogee, OK)

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BANK READY TO COMBAT EMERGENCY

MUSKOGEE, Okla., Feb. 11(AP)-Backed by more than a half million dollars from outside resources, the Commercial National bank is prepared to meet any emergency today that may grow out of the run started on the bank yesterday. The Kansas City federal reserve bank has sent $500,000 to aid the institution. Rumors, declared by officials of the bank to be false and malicious, were circulated early yesterday and started a run. The bank has total deposits of more than $4,000,000.

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CASH FROM HERE

Muskogee Institution Ready Today Run Started Yesterday.

Feb. by more than million dollars from out the Commercial National Bank of this prepared to meet today grow run started the bank The Kansas City Federal Reserve Bank shipped million dollars aid the institution. business firms and ganizations ditional deposits and from Oklahoma is coming.

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RUN IS STARTED ON BANK AT MUSKOGEE more declared by bankers to be unfounded and malicious brought run, that assumed alarming proportions, upon the Commercial National bank here today The were effectively stopped shortly before the banking day ended when D. N. Fink, for many years the president of the institution, with tear dimmed eyes and voice that choked with sobs pleaded with the throng that surged

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RESER VE BANK SENDS $500,000

By The Associated Press KANSAS CITY, Feb. Kansas City Federal Reserve bank tonight threw its resources behind the Commercial National Bank of Muskogee, Okla., on which a run was started today, sending half a million dollars to meet any emergency that may arise. Announcement of the shipment, which was in currency, was made by J. Helm, cashier of the reserve bank. Helm minimized the seriousness of the run on the bank.

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BANK RUN QUELLED WITH BIG DEPOSITS FLOODING IN TODAY

City Rises to Emergency, Business and Professional Men Demonstrating Confidence

WITHDRAWALS TAPER OFF AS CALMNESS RETURNING

Veteran President in Dramatic Speech at Height of Excitement-Assails Scandal Monger for Vicious Lies

WITH assurances of confidence and pledges of loyalty and support from chamber of commerce, the Retail Merchants' association. the Bar association. the First National bankits fellow institution-and scores of prominent business men of Muskogee. the Commercial National bank will open this morning after turbulent and bectic day stronger than at any other in its history. Anonymous tongues that flashed malicious word about town over the lephone wires morning upon the Institution run that, before the day's banking hours had had assumed menacing Last night the storm had passed. bad proved but squall which the good shf weathered on even keel only fluttering of the salls. City Rises to Emergency This morning the bank has the unleited and voluntary pledges of the men of Muskogee that not only will their deposits not be but that deposits than they have made will be Yeste day after o'clock, the end the banking day, had passed Muskogee triumphantly the emergency The of the city of their own initiative circulated and signed petition reciting their confidence the bank and Its officers plending their loyalty. The Retail Merchants' association, through the unanimous voice of its directors, assured the bank of its support. The chamber commerce gave word of loyalty and confidence through its Business Men Organize Last night Army association, holding scheduled meeting, adopted ringing resolutions by which the 150 commissioned officers present agreed to not only leave their individual deposits intact but to continue national guard funds in institution. It explained that this action the officers rendered themselves personally liable for the amounts but they declared themselves eager to thus make manifest their confidence. Last night, too. the business men of Muskogee to swamp the today with their deposits. Money going In to the Commercial bank fast tomorrow there won't be opportunity for anyone to take any out should anyone wish to do one merchant said. He has $15,000 to deposit. Others have sums even larger while some are to be the smaller in figures but in the expression of faith. Griffin. president of the chamber of commerce and head of the large wholesale grocery company that bears his name, told the Phoenix last night to say for him that not only did his firm's money stay in the bank but that he had deposited large amount yesterday and Intends to deposit larger amount today. Calhoun telegraphed his subordinates to "stay in there." and such merchants as Elmer Harbour, Bass. Jess M. McEntee, Paul May and B. Shouse took the lead in actual manifestations of ON PAGE THREE

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RUN IS MADE ON BANK AT MUSKOGEE

Muskogee, Feb. When the Commercial National bank opened for business at 9 o'clock 60 persons were standing in line before the receiving teller's window and only 16 stood opposite the paying cages. One hundred dollars was being deposited for every dollar withdrawn. officials of the bank said, and yesterday's incipient run seemed to have been stemmed by the action of Muskogee civic interests in pledging possible deposits and by the federal re- serve bank's shipment of half million dollars in currency. The big currency shipment was delivered at the bank this morning in police motor cars under heavy guard.

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Grave Run on Bank Ends in Flood Of Deposits and Floral Tributes

Muskogee, Okl., Feb. 12-Muskogee today was celebrating with dollars and daisies the dramatic climax of a two-day run on the Commercial Na tional bank, a $5,000,000 institution. What had seemed tragedy. threat ening not only the destruction of the bank, but hundreds of business houses, today had become a joyous "depositing The run began Wednesday morn. mg when mechanic, loan having been refused him, circulated rumors that the was failing. By noon hundreds of depositors the bank and street frantically seek Ing their money At the closing hour $150,000 had been paid out. During the late afternoon and eve. ning virtually every civic and business organization in the city met and idopted resolutions of confidence in he bank, agreeing to leave their de-

"Minute men" made speeches in all the theaters, centering their talks on the character and honor of D N Fink, venerable president of the bank. During the night the Kansas City Federal Reserve bank announced that its entire resources had been thrown behind the local institution and that half million dollars had been shipped by express. At yesterday morning the bank opened as usual. crowd pressed In But it was one of depositors and not frenzied Scores brought with their money great bouquets and baskets of flow. ers for President Fink, who stood dazed at the The half -million from the Reserve bank lay unopened as great piles of currency came flooding in.

NEW STUDIO LIGHT Culver Citq Cal., Feb. The largest motion picture are light in the

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BUSINESS LEADERS AID MENACED BANK Muskogee Institution Successfully Survives "Run" of Ugly Proportions. By the Associated Press MUSKOGEE. Okla., February 12.Muskogee business and professional men, rallying to the Commercial National Bank. menaced by a run of ugly.

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CASH RUSH TO SAVE MUSKOGEE BANK

Muskogee, Feb. 11.-Backed by more than one-half million dollars from outside resources, the Commercial National Bank of this city is prepared to meet any emergency today that may grow out of a run started on the bank yesterday. The Kansas City Federal Reserve Bank has shipped one-half million dollars to aid the institution, local business firms and organizations have promised to make additional deposits and financial help from other Oklahoma cities is reported coming.

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Business Rallies To Support Of Bank And Run Is Stopped MUSKOGEE. Okla., Feb. 11 (AP) Muskogee business and professional men, rallying to the Commercial Na tional Bank, menaced by a run ugly yesterday. poured more than $350,000 in cash into the institution through the teller's win. dows in individual deposits today. The day that some feared might be one of tragedy was a day of tri an umph Before the bank had been open hour $100,000 had passed into the vaults through the teller's windows The final check at closing hours shows $350,122.70 Deposits from other banks will greatly swell this

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DELAY COURT HOUSE PLANS

Probable That Building ect Will Go Over Until Fall of the Year each of the men were returned and That the matter of voting bonds $50 was ordered paid their attorfor the erection of court house by the justice. for Muskogee county would be The county attorney's office has ferred by the county commission- for Ferrel on fall the sions but each time he has until was opinion appear. Instructions sent Ingram, today. each justice of the peace court The fact that persons in charge petition asking that the not accept from him until call election complaints had been okehed special March for the member of the county attorfor early purpose voting court house bond office. Ferrel had not been seen at the issue had succeeded in delivthe instruments in time court house since Tuesday. ering March The Webbers Falls men comthe commissioners to call for plained to County Commissioner election given the reason Hinson and City Manager postponement. Cecil Moore. The two officials the have promise immediate action. "Taxpayers of county lots of trouble here lately," Ingram in my opinwould be foolish for the county to even attempt voting in Brief bond issue. The bank failing early fall, coupled with the unfortunate run on the Commercial National has caused the people to Watts, Adair county, one of the more or less in an uncertain financommunities in the condition. Oklahoma associatoo, had fine cotton tion, has raised its quota of $50. last fall, but inclement crop weather picking time caused the Postal inspectors are making crop to deteriorate fully one-third their annual inspection of all the before could be marketed. departments and offices the post these things office here. The inspection would be foolhardy to even expect cludes an audit of all books. the citizens to ratify bond

Ingram Powell Is Uncertain. The fact that Haskell, by making offer of not only free site but free courthouse well, has caused number of people to start the argument that the county commissioners asking too much money constructing building here. Muskogee looked to least free site by the rest of the county. James chairman the of commerce visory committee, declared that he did know at just what time petitions with the necessary signature could filed with the county clerk. He had expected hand the petitions to the commissioners Feb. and failing to this sure that could be done Feb. is the opinion of the commissioners that the court house proposition will not be taken up again official way until after the an fair next fall.

Minnie Parker, Creek Indian Kansas City, filed suit in federal court against W. Pittman and Rosie Pittman, to regain possession of certain lands in Seminole county, which, according to the complainant's petition, defendants obtained by virtue of void deeds purported to have been executed by the complainant.

R. B. Drake, United States probate attorney, attend to legal business in Sapulpa for the next four days.

County Attorney Lattimore yesterday requested the warden of the state penitentiary at McAlester grant the Muskogee county sheriff the custody of two convicts will be used as material during trials scheduled for the criminal docket of distract court, which begins Feb. 15. total of $20 in bonds was forfeited in police court Thursday by four who failed to appear charges filed against them following their arrests Wednesday of being drunk, disturbing the and violating traffic orpeace dinances.

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Phone Messages Start Run On Bank

MUSKOGEE (Okla.) Feb. 12. anonymous tongue that flashed malicious words over the city's telephone wires yesterday brought a run on the Commercial National bank that assumed alarm. ing proportions. Withdrawal of deposits was stopped shortly before the banking day closed when D. N. Fink, president, with tear-dimmod eyes and choking voice, pleaded with the throng that surged through the bank's lobby and milled about outside The Commercial National bank is the second largest in the city with total deposits of more than $4,000,000.