63-0033
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FLORIDA BANK FAILS. Pensacola State Bank Goes to the Wall. Pensacola, Dec. 5.-The Pensacola State Bank suspended today. It is capitalized at $100,000. Deposits exceed $100,000. President Brawer announced that the depositors would be paid In full. Other banks in the city are unaffected.
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Florida State Bank Suspends. Pensacola, Fla., Dec. 8.-After an all night conference the Pensacola State bank, capitalized at $100,000, suspended business pending examination by the state comptroller. The bank has about $100,000 deposits.
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The Pensacola State Bank suspended payment on the night of the 4th inst., at which time it was decided to call on the state comptroller to make an examination. President Brawner made a statement with the view of letting the depositors down easy. It was to the effect that it "has been deemed advisable to call on the comptroller," etc., and "in consequence the busness of the bank will be temporarily suspended," etc., and "that he feels certain that arrangements will soon be made so that all depositors will be duly paid." Fortunately the suspension of this bank will not affect other banks in the city. But the poor depositors-well, they will likely get a per centage of their deposits in driblets.
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Florida State Bank Suspends. Pensacola, Fla., Dec. 8.-After an all night conference the Pensacola State bank, capitalized at $100,000, suspended business pending examination by the state comptroller. The bank has about $100,000 deposits.
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Receivers' Notice The Receivers of the Pensacola State Bank will open offices at 1015 American National Bank Building and be ready to conduct business Monday, January 5th. W. C. ROBERTS, : J. B. McNEILL, Receivers.
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STATE BANK IS TO PAY 10 PER CENTDIVIDENDS Expected Depositors Will Receive a Portion of Their Savings in Ten DaysNotices Are Now Being Sent Out. According to J. B. McNeill, one of the receivers for the Pensacola State bank, recently closed by the state comptroller, that institution will in less than a week or ten days pay a ten per cent dividend to depositors. Mr. McNeill told a represenattive of The Journal last evening that all arrangements had been made last week for the payment of the first divider to the depositors this week, but it was learned that each depositor's claim must be proven by affidavit. Consequently the necessary forms had to be printed and sent out. As soon as all of these have been filled out and the signatures witnessed by a notary, Judge Kirk Monroe, of the court of record, who has jurisdiction over the suspended concern, will declare a dividend of ten per cent. Mr. McNeill said that unless some other legal complications arise this amount should be paid to the depositors inside of a week or ten days at the latest. This will be the first of a series of dividends that the receivers in charge of the Pensacola State bank will request the judge to declare. The collections are coming in fairly well, and in some instances more readily than was expected As the money due the bank is collected the judge will declare a dividend from time to time It is now believed that ultimately the depositors will receive considerably over a hundred cents on the dollars. All the depositors of the Pensacola State bank have received from the receivers the necessary forms which must be filled out in the presence of a notary public and forwarded to those in charge of the bank before the amount on deposit can legally be paid over to the depositor Mr. McNeill urges that these forms be filled out and returned as soon as possible so that the contemplated dividend may be declared without further delay. The receivers, as well as Judge Monroe, are anxious to make the first payment to the persons who have funds de posited in the defunct institution.
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BRAWNER HAS DONATED HOME TO RECEIVERS PRESIDENT OF PENSACOLA STATE BANK, RECENTLY CLOSED BY COMPTROLLER, GIVES RESIDENCE AND LOT TO DEPOSITORS OF BANK. According to records in the city tax assessor's office, the home of F. E. Brawner, president of the suspended Pensacola State bank, has been turned over to the receivers of that institution by Mr. Brawner. The bank president deeded this valuable piece of property to J. B. McNefit and W. Clyde Roberts, as receivers of the State bank, with instructions for them to realize as much as possible on the property and turn over the procesds to the depositors of the defunct institution. Mr. Brawner stated to The Journal yesterday afternoon that he had at one time refused thirteen thousand dollars for this property. The home occupies one of the most desirable locations in the residence section of the city, being on DeSoto street and facing Georgia Square. Under the law, Mr. Brawner could have exempted his home even it he had gone into bankruptcy.
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NOTICE TO DEPOSITORS All persons having claims against the Pensacola State Bank can call at the receivers' offices and get their dividend checks. 1014 American National Bank Building. J. B. McNEIL, W.C. ROBERTS, Receivers.
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STATE BANK RECEIVERS IN ALL-DAY RUSH LARGE AMOUNT PAID OUT YESTERDAY TO DEPOSITORS OF SUSPENDED INSTITUTION-TEN PER CENT DIVIDEND WAS DECLARED. The receivers of the Pensacola State Bank, located in the American National Bank building, tenth floor, were busy yesterday paying a ten per cent dividend to depositors of that institution. A few days ago the receivers announced that sufficient funds had been collected to warrant the declaring of a ten per cent dividend and the court Friday ordered that the same be paid immediately. All of the claims have to be proven by the depositors who have been forwarded a blank form which must be filled out and sworn to by each person who had an account in the suspended institution. The receivers state that it is very necessary that these blanks be filled out immediately. All depositors who called on the receivers yesterday were given checks for one tenth of the amount on deposit, checks being drawn on both the American National Bank and the Citizens and Peoples National Bank. The receivers were unable to state late night exactly how much money had been paid out during the day, but It was known that the sum was considerable. The following circular letter has been sent the depositors by the receivers: The Honorable Kirke Monroe, Judge of the Court of Record, Escambia Co., Florida, has declared a dividend of ten per cent. to the creditors of The Pensacola State Bank, Pensacola, Florida, upon the claims proven and allowed. A draft for the dividend is en-
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NOTICE TO DEPOSITORS All persons having claims against the Pensacola State Bank can call at the receivers' offices and get their dividend checks. 1014 American National Bank Building. J.B. McNEIL, W. C. ROBERTS, Receivers.
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WHITFIELD HERE TO GIVE TESTIMONY State Bank Examiner Appeared Yesterday Before the Jury, Returning to Tallahassee in the Afterternoon - Other Witnesses, It is Understood, Are Going Before Jury. That the suspension of the Pensacola State bank is being investigated by the grand jury of the circuit court became known yesterday with the appearance in Pensacola of B. C. Whitfield, state bank examiner, and also from the fact that other witnesses who are supposed tc know of the bank's condition prior to its failure were before the jury and were heard behind closed Goors. Just what evidence they gave will not be known for all inquiries of the grand jury are secret. Mr. Whitfield arrived in the city yesterday morning and shortly afterward appeared before the grand jury. On being excused after giving his tnstimony, he returned to Tallahassee, Mr, Whitfield came to Pensacola the day before the state bank closed its doors and is therefore well acquainted with the causes which brought about he suspension of the bank. It was stated on the streets last night, but not from an authoritative source, that other witnesses are to appear before the inquisitorial body dur= ng today TWO TRUE BILLS. Two true bills were returned by the jury yesterday, both against negroes for murder, but neither case is the alleged murderer under arrest. The tury failed to indict John Adams, colored, charged with murder. Two cases were heard in the circuit court during the day. One resulted in 3. verdict against the garnishee in the case of Thornton against Ward and the other was a verdict for $300 in favor of Georgia Bonner against the colored Knights of Pythias. All petit jurors were excused from further service until Saturday.
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F. E. Brawner, former president of the suspended Pensacola State Bank, head of the county school board and also a prominent merchant of Pensacola, committed suicide Saturday. He shot himself thru the head in the presence of his wife and employees of his store. He was recently acquitted on the charge of misapplication of bank funds.
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# SPECIAL MASTER'S SALE, Notice is hereby given, that pursuant to a decree of foreclosure, rendered by the Honorable J. Emmet Wolfe, Judge of the Circuit Court of the First Judicial Circuit of Florida, in and for Escambia County, on the 7th day of January, A. D. 1915, in a cause therein pending, wherein G. C. Kilpatrick was complainant and Packard Land Company, a corporation, under the laws of Florida, L. S. Brown, Company, a corporation under the laws of Florida, William A. Blount and Cora M. Blount, his wife, Mattie Walbridge and E. K. Walbridge, her husband, R. M. Cary, Executor, and Elma G. Brown, Executrix, of the Estate of E. C. Wright, deceased, W. A. Blount, Jr, as Trustee; E. A. Vinson, J. B McNeill and W. C. Roberts, Receivers of the Pensacola State Bank; C. L. Shine, Trustee, were defendants, I will, as Special Master, at the Escambia County Court House door, in the City of Pensacola, during the legal hours of sale, on Monday, March 1st, A. D. 1915, sell at public outcry for cash, to the highest and best bidder, the following described real property, situate, lying and being, In the City of Pensacola, County of Escambia, State of Florida, to-wit: Lots three (3) and the West Half of lot two (2) in block (3), of the East King Tract, having a frontage of one hundred and nine and a half (109½) feet on Wright street by the depth of about one hundred and thirty (130) feet on the East side of Davis street, in the City of Pensacola, excepting the north 50 feet of lot 3 and the north 50 feet of the west 36½ feet of lot 2, block 3, of the East King Tract. Deed at cost of purchaser. R. POPE REESE, Special Master In Chancery. 567A9jan-oaw4w
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Those holding receiver's certificates against the Pensacola State Bank, will, by presenting same to Miss Robinson at Consolidated Naval Stores Company's office in American National Bank building, receive a dividend of 4%. J. B. McNEILL and W. C. ROBERTS, Receivers Pensacola State Bank.
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Quietus Put On Hurtenbach's Resolution and Bid for Fame. # HE SAYS TRIAL IN PENSACOLA A FARCE Refers To Prosecution In State Court in Pensacola Bank Case. By Claude L'Engle. Tallahassee, Apv3 16.-The house was in killing mood today, voting down all resolutions including Representative Hurtenbach's resolution for the investigation of state bank failures during the past year, which was lost by tie vote, 32 to 32, the speaker deciding. Hurtenbach accepted Goldstein's amendment substituting the two committees house and senate on banking and loans, for special committee provided for in resolution. Hurtenbach asked that the resolution lay over informally so as to enable him to get additional information in support of the need of it, Goldstein opposed this on the ground, that the mere publishing of the fact that such a resolution was introduced had a tendency to create uneasiness in the minds of the people about the state banks and that the investigating should be made at once at that its findings might increase the confidence that the public has now in the solvency of state banks, and favored the immediate adoption of the resolution as amended. Wood of Pinellas, opposed the resolution on the ground that it might cast reflection on the comptroller's office, who ought to be first asked for Information. Hurtenbach replied to this, that the comptroller would be the first one that would be selected to appear and be called on to give information, but that the committee should go further than the comptroller and get all the facts in connection with the failure of the Pensacola State Bank, the bank in Jefferson County, the Commercial Bank of Jacksonville and the banks at Caryville and Warsaw; that the depositors had lost their money in these -banks and were not satisfied with the meagre report contained in the comptroller's regular report that there had been but four bank failures in Florida during the past yeng Turnbull, of Jefferson, opposed the resolution on the ground that he had Introduced five bilis remedying defects discovered by the comptroller in the state banking laws and this was all that was necessary because the report of the committee contemplated under the resolution would accomplish nothing at all. Hurtenbach replied, that he thought it was due the comptroller's office to make such an in-vestigation and it was also due to the public who had lost their money in these bank failures to be advised that -this legislature was safeguarding the interests and ready to protect them in future. # TRIAL A FARCE, HE SAYS. In reply to Turnbull's question, if there had not been a prosecution in Pensacola of those responsible for the State Bank failure, Hurtenbach answered, that there had been but it was, and had been a farce, occupying less than a day in the taking of testimony. In calling for a division, on the passage of the resolution. Anderson voted "no," and Hurtenbach voted "aye." But Hurtenbach was not quick enough to get a roll call before the speaker had cast the deciding vote and announced the result. Mr. Hurtenbach will tomorrow introduce another house concurrent resolution asking for authority from the legislature to investigate the various state bank failures by calling before the joint committee the comptroller and other bank officials with necessary papers. This time he will proceed so as to get a roll call on the resolution and by this method he believes that the resolution will be adopted. # NO SIGNS OF CAUCUS. There was no sign of a caucus among the West Florida house contingent when the house met today, for four of the West Florida members divided two and two, on a proposal by Davis of Jackson, to suspend the rules and pass the senate bill changing the dividing lines in Jackson, Washington and Holmes counties. Davis said that there was great need for this bill being rushed through because it would protect the schools in these counties. Brock of Washington, said there was no need for rushing it through but that it should take the
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# CLYDE ROBERTS # IS APPOINTED # BANK EXAMINER Notified by Comptroller of Currency of Selection to Important Position. WILL REPORT TO WASHINGTON SOON Has Been Connected With Banks of Pensacola for Past Twelve Years. W. Clyde Roberts yesterday received notification of his appointment as a national bank examiner, the selection being made by the comptroller of the currency after the latter had carefully investigated the qualifications of Mr. Roberts to hold such an important position. He will report to Washington within a short time and there receive instructions regarding his duties and be assigned to a district. At present he has no idea into what part of the country he will be detailed for service. Mr. Roberts has had long experience in the banking business, having begun his service in the American National bank. Later he became associated with the Pensacola State bank, resigning several months before the collapse of that institution. He was made one of the receivers of the bank upon its failure and served in that position until he became cashier of a newly formed bank in Atmore. Mr. Roberts has many friends in Pensacola who will be pleased to learn of his selection for such an important position.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. W. V. KNOTT, Comptroller." 712A1aug-oaw9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been. appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said. Bank are notified to present the same to the Receivers ànd make legal proof thereof. sotto W. V. KNOTT, Comptroller." TISAlaug oew9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. even W.V. KNOTT, Comptroller." 712A1aug-oaw9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. W. V. KNOTT, Comptroller." 712A1aug-oaw9w.
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# PENSACOLA STATE BANK At the time the State Bank closed its doors the laws of Florida were woefully insufficient to protect depositors and to punish wrong-doing by bank officials, and as a result of this, the Legislature that met in 1915 sought to remedy this bad condition by passing new laws to meet such situations in the future. The grand jury investigated the State Bank thoroughly and exhaustively, with the result that only one indictment was returned against the president. He was tried on this charge and the jury found him not guilty. It was not the fault of the courts but the law as it existed at that time, and it was only through the failure of this and other banks that the Legislature was made to realize the necessity for new laws that would protect depositors and punish bank officials who were guilty of wrong-doing. I was not a director in this bank at the time of its failure and had not been for five or six months. It is true that I was attorney for the bank at the time it closed its doors but as such attorney I had no direction or control over the affairs of the bank. I did not get one cent out of the bank or borrow any money from the bank. I did indorse a note for a relative before I had any connection with the bank whatever. It is not true that I went into bankruptcy for the purpose of beating my creditors as charged by Mr. Reese but because I was forced to do so after finding myself overwhelmed with debt due to indorsing paper for others and purchasing bank stock which afterwards turned out to be worthless. I surrendered everything that I had in the world and did not even claim the exemptions allowed me by law. The clerk of the court informed me at the time that I was the only one who had gone into bankruptcy who did not claim the exemptions allowed by law. I was forced to borrow money from a friend to buy my law books back from the trustee in bankruptcy. I paid every merchant in the City of Pensacola every cent that I owed and my credit today is good with any merchant in Pensacola. In conclusion I want to add that I am proud to be able to say that I have conducted a clean campaign. I announced in the beginning that I was running on my merits and would not seek votes by detracting from the merits of my opponents. I have lived up to this promise and I fully believe that the people will rebuke by their votes the methods that have been used to defeat me. As I have often stated in my speeches during this campaign, I would rather go down in defeat a thousand times than be elected by tearing down or seeking to tear down either the official or private character of my opponents. This is the last time I will be a candidate for county solicitor, and I have so much faith in the fair-mindedness and justice-loving people of Escambia County that I am confident that on June 6th the voters will answer the attacks that have been made upon me in this campaign by voting to retain me in office for another term. Thanking you for your support in the past, and assuring you that your vote on June 6th will be appreciated, I remain, Yours for a square deal, SCOTT M. LOFTIN. (Paid Advertisement)