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LENGTHY HEARING
First Hearing Ever Held Before Woman Justice in Phillips County Results in Binding Two White Men and White Woman to Grand Jury on Robbery Charges
Mrs. Little Holley, 'her husband. Marion Holley, and another white man, Herman Howery, were held to the April term of he Phillips county grand jury on charges of robbery and receiving stolen proprty following spirited preliminary hearing that began before Mrs. C, M. Young, St. Francis township justice of the peace, this morning and continued until 1:30 clock this afternoon The hearing was the first that has been held before a justice of the peace in St. Franci stownship ince April, 1917, when the Municipal Court was established to take over the judicial functions of St, Francis township. Today hearing was brought before Mrs. Young newly appointed justice, on a change of venue secured through a writ of mandamus on an appeal from a decision of Municipal Judge EX M. Pipkin. Incidentally, it was the first time in the history of Phillips county that a hearing has been held before a woman justice. Ethel Holley. 21-year-old daughter of Mr. and Mrs. Holley, arrested November with the other defendants, was ordered returned to her home to take care of a younger brother while "Judge" Young takes her case under advisement. Mrs. Young said after the hearing that she would require the girl to visit Mis Ethel Perry, county probation officer. once each week until the grand jury meets next April to consider the charges against the The other three were ordered recased under 000 bond each. but was considered unlikely that fither of the trio would be able to furnish the required bond, necesstating their resuming the stay in the Phillips county jail where they have been held since their arrest weeks ago. motion for continuance on the that valuable witness for the absent was overruled at the start of the hearing this morning when prosecution attorneys agreed to allow submisJon ofa summary of that witness's treflmony by the defense attorney. man named Smith, who has strangely disappeared was blamed by he defendants for the large quantity of stolen property found in on the Helena
Atlanta. Ga., Nov. Eugene R Black, governor of the Atlanta Federal Reserve Bank, said today with resources of approximately ten billion dollars in southern banks there should be confidence that fundamentally our banking situation is sound." "And with our agriculture, our industry and our banking resources there should be no uneasiness as to our general situation.' he said. Mr Black. by virtue of his position as governor of the Sixth Fed CIDL Reserve District. is in close and intimate touch with the banking and business situation not only in his district but throughout the South Prior to his connection with the reserve bank he was one of the leading Atlanta bankers. His statement follows "At this time by reason of the closing of a number of southern banks it may be well to consider our fundamental situation. We have just harvested our various crops. All of these crops were large and yielded large cash returns. Our tobacco and cotton crops were larger than last year, and the cash returns from them were very large. The millions received from these crops are distributed in all the southern states from Texas to Virginia. "Our industries are on a sound basis and their products yield a cash return twice as large as our agricultural products. Our problem of unemployment is probably less active than in any other section "Our agricultural banks have largely liquidated their indebtedness to us and their city correspondent banks. Our city banks have very large resources and are abundantly able to handle the financial problems of the South. "With resources of approximately. ten billion dollars in Southern banks there should be confidence that fundamentally our banking situation is sound, and with or agriculture, our industry, and our banking resources there should be no uneasiness as to our general situation.
Indianapolis, Nov Six SouthernIndiana banks counties bordering the Ohio rive: were placed in the hands of the tate banking department today it was announced by Luther The institutions which closed their doors were the Liberty Statt Bank, and the American Trust Company. both of New Albany: the Crawford County State Bank of English: the Leavenworth State Bank of Leavenworth: the Jackson Township State Bank of Corydon Junction. and the Old Capitol Bank and Trust company of Corydon. Directors of the New Albany in stitutions met Date yesterday, fol lowing heavy withdrawals. and decided to request the state banking officials to take charge The other four banks failed to open today Closing of the six banks came as the aftermath of the failure of group of Louisville banks a few days age Approximately $4,500,000 in deposits are said to be tied up in the six institutions Several bank examiners were sent to the banks today by Symons.
