Bank of Bay Biscayne (Miami, FL)

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Hot News Briefs

By The Associated Press LaFollette urging defeat the tariff bill calls plete betrayal Hoover's pledge limited revision give culture equity with industry.'

Additional equipment was sent blazing forest gions near Port Arthur, Ont., striving to check numerous Dry weather has caused fires to break out

Advance arrived Stillwater the convention the North Dakota Auxiliary.

Unable to save feet timber Birch Lake, miles east Prince Albert, Sask., forestry officials ed fire fighters to other where there chance to check the wildfire.

The Inland today charged ful practice in house service shippers ing the water

Mrs. Walburga Oesterreich, wealthy widow Los Angeles, today granted separate trial from "attic Otto she jointly indicted for the murder of her husband.

Several hundred women worn five days the biennial the Nation Federation Clubs, sought rest retreats today. Sessions will be resumed Thursday.

There are women at Valley City from Cass Barnes and counties enrolled the first Homemakers Club camp

The Civil War closed In 1865. Today there were just War veterans North Da. kota left to attend the annual meeting the which today Valley City, The Relief however, had 129 registered. the Minnesota Lutheran district the Evangelijoint Synod Ohio other opened today St. Paul. Plans are being perfectthe Ohio, Iowa Buffalo Synods.

George Kirk, 64, commandof Knights Templar, Bemidji, died his home in Bemidji, Minn., today.

Donald Cash, 14 year old Mapes since Fri day when he thrown from showed improvement today More than broadcasting tions participate in the broad the Thursday night.

Mrs. Alice Eikor, 74, niece of Gen. Robert Lee, died last night in Oklahoma City.

Chief Justice and Mrs. Hughes daughter Elizabeth, sailed toon the Leviathan for southern Europe. fell over territory stretching from Wilton to Underwood and the nity Van Hook yesterday. In addition heavy rains fell area between Mandan and Dickinson.

Dr. Ernesto Rossi, Italian wine taster manufacturer, foreign visitor who under stand objection strict pro hibition enforcement. His opinion based after drink bootleg wine.

Funeral services be held Edmore, tomorrow for Hans Myhre, 59, who succumbed Sunday injuries ceived fall off grain tank during runaway last week.

Four deputy sheriffs of Sedgwick county Kansas, arrested day charges of violate the prohibition

Mrs. C. Bohmbach, wife Red Wing, Minn., alderman, found dead the cistern her home today. She been ill for several years.

North Dakota Laundry Own convene Devils Lake, with expected. shortage of $308,000 the First National Bank at Chey. bongone, Mich., Clyde Milliken, savings teller committed Monday will be paid in full to depositors.

Chief of Police Henry C. Knipe, Kans., arrest under federal for violating prohibition laws.

The Bank of Bay Biscayne, Miami, with $15,000,000 deposits and three affiliated banks, closed today after heavy runs.

June fishing schooner Rainbow arrived Boston fish day with of the bodies of the disaster The bodies, recovered scene last night's those seven men, two women, and baby

French inventor's home heavily bar pivoted to that an arm and same time.

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One of Miami, Fla., Leading Banks Was Closed Early Today

MIAMI, Fla. June 11.-(AP)-The doors of the Bank of Bay Biscayne, one of the leading financia] institutions of the city, failed to open this morning. A sign on the door read: "Closed by.order of directors for the protection of depositors." The last quarterly statement of the and total resources of $17,132,292.

HOMESTEAD, Fla., June -The bank of Homestead closed its doors at 10 a. m. E. S. T today after opening for a short time. Assistant Cashier H. Grady Smith said the bank was in good condition and that suspension of business was but temporary, taken for the purpost of avoiding a local bank run on ac count of bank failures today in Miami.

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FIVE BANKS IN CLOSE

Miami Institution And Three Of Its Subsidiaries Hurt By Withdrawals

MIAMI. Fla June 11 (AP) The of Bay Biscayne, with deposits of and three affiliated fiinstitutions, failed to for today. statement by directors of the bank attributed the closing to "recent substantial withdrawals.' The affiliated banks were the Biscayne Trust Company, the Miami Beach Bank and Trust Company and the Bank of Coral of Bay Biscayne in its quarterly showed of $15,037 198 and total resources of J. H. Gilman is president of the bank. The Bank of Bay Biscayne is Miami's oldest It has one of the finest buildings in the city, structure in 1925.

HOMESTEAD BANK CLOSES HOMESTEAD, Fla., June 11 (AP) The Bank of closed its doors today after opening for short time. was made by Assistant Cashier H. Grady Smith saying the was in good condition and of business was but tempororaly taken for the of local bank on account of bank failures today in Miami. Smith said the L nk expects to open in few days.

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Banks in Florida Forced to Close

Fla. June Bank of Bay one the leading city failed to open dnesymorning on the door read by directors The Bank of Bay Biscayn in had and total resources

Fla., June 11. Bank Homestead doors at 10 Wednesopening Official was made Cashier Smith, that the bank in dition and but taken for th purpose avoiding bank on account of bank failures today in Miami

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Hot News Briefs

By The Associated Press defeat the tariff bill calls betrayal of Hoover's pledge limited give culture equity with industry

Additional equipment was sent into forest gions near Port Arthur, Ont., rangers to check numerous Dry weather has caused fires to break out

Advance today for the 37th annual convention of the Minnesota and North Dakota and Ladies Anxiliary

Unable to save feet of timber at Birch Lake, 60 miles east of Prince Albert, Sask., forestry officials moved fire fighters to other areas where there chance to check the wildfire.

The Inland Waterways corporawas today charged ful practice granting service shippers ing the water line.

Mrs. Walburga Oesterreich, wealthy widow Angeles, today granted separate trial from "attic lover," Otto Sanhuber, with whom she jointly indicted for the murder of her husband.

Several hundred women worn by strenuous days in the 20th convention Nation Federation of Women's Clubs, sought rest in mountain retreats today. Sessions will be resumed Thursday.

There are 32 women at Valley City from Cass, Barnes and Stutsenrolled in the first Homemakers Club camp

The Civil closed in 1865. Today there were just 17 CivWar veterans North Da kota left to attend the annual meeting of the G. which opened today at Valley City, The Relief Corps, however, had 129 registered. convocation of the Minnesota Lutheran district of the EvangeliLutheran joint Synod Ohio other opened today St. Paul. Plans are being perfectfor merger the Ohio, Iowa and Buffalo Synods.

George Kirk, 64, past command of Knights Templar, Bemidji, died at his home in Bemidji, today ment of the grain futures act. Donald Cash. 14 year old Mapes, Under the commerce department boy, since $30,000 was allowed for the monwhen was thrown from itoring radio at Grand horse, showed improvement today land, Nebraska: $350,000 for a More than broadcasting draulic laboratory; $139,000 for tions in the broad- building Great Lakes the $190,000 light-house night and fish cultural fight Thursday in Oklahoma.

Mrs. Alice Eikor, 74, niece of Gen. Robert Lee, died last night in Oklahoma City.

Chief Justice and Mrs. Hughes racks taken to daughter Elizabeth, sailed lieve prison congestion. on Leviathan for southern Europe FEAST OF CORN

Heavy rains fell over territory stretching from Wilton to and in the nity Hook yesterday. In heavy rains fell area between Mandan Dickinson.

Dr Ernesto Rossi, Italian wine Federation of Women's clubs, taster Indian operetta was presented foreign under- Sakakawaea junior girls club stand objection to strict pro- United States Indian school enforcement His opinion based after a drink boot drew the applause several hundred women dele

Funeral will be held Edmore, tomorrow for Hans Myhre, 59, who cumbed Sunday to injuries ceived fall off grain tank during runaway last

Four deputy sheriffs of Sedgwick Kansas, arrested Miss Slater. club presiday charges of conspiracy dent, played the violate the prohibition laws. Mary Slater took the part Wa-

Bohmbach, wife Red Wing, Minn., alderwas found dead the cistern today. She had been ill for several

North Dakota Laundry of the school faculty in charge Devils Lake, tomorrow with expected. CHURCH SCHOOL

A chortage of $308,000 in the First National Bank at Chey. bongone, Mich. Clyde Milliken, savings teller Monday be paid in full to depositors.

Episcopal church magazine Chief of Police Henry Knipe, believe that moderate drinking itself sinful under federal indictment He does not believe moderate violating prohibition laws. drinking

The Bank of Bay Biscayne, Miami, $15,000,000 deposits and three affiliated banks, closed today after heavy runs. myself Boston, June drinking problem Rainbow arrived Boston fish pier late students, day the are prohibited statue, and The bodies, recovered near the statue doubtful ever will be scene last those seven men, women, he says only conclusion baby

French inventor's home the prohibibar pivoted post majority and them time. quently."

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Rush Money By Plane to Halt Run On Bank

Miami, Fla., June airplane bearing two million lars in cash arrived here from Jacksonville at 2:05 ms. today meet financial situation caused the closing of the Bank of Bay Biscayne and four others. President Romfh of First National, anthe money would be used through the other Miami banks off all concerned in the closed

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IN FLORIDA SHUTS DOORS

Subsidiary Institutions Suit Following Heavy Runs

MIAMI, FLA., June Bank Bay Biscayne, oldest nancial institution South Florida, and three in metropolitan Miami failed to open for business today. the Miami Beach Bank Trust company, the Bank Gables, and the BisTrust Notices posted on the doors of the said the had been taken by depositors" and because of "recent fifth banking house, the Bank Homestead, after being open hour, with the statement would few days. Homestead south Miami. Officials said the closed The Bank of Bay Biscayne listed total and of March in its last Capital listed and surplus and profits at $1,145,Other banks in the city and in the heavy during the

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MIAMI RECEIVES MONEY BY PLANE

$2,000,000 Rushed to City Where Five Banks Closed.

By United Press MIAMI, Fla.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by state banking officers helped today to allay the uneasiness of depositors who had funds +n five banks which closed yesterday. One of the banking officials insisted the situation was not acute, and declares the conditions which led to closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. It was said today that an additional $4,000,000 was being rushed Into the Miami district by mail. It will arrive this afterThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Co., with $1,962,148; the Miami Beach Bank & Trust Co., with $2,593,281; the Bank of Coral Gables, with $743,759, and the Bank of Homestead. Local bankers said they were confident normality would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said.

CLEARWATER BANK FAILS By United Press Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, went into the hands of the state banking department today and closed their doors.

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$2,000,000 ARRIVES FOR BANKS IN MIAMI

MIAMI June 12 among five local banks decreased late Wednesday with the arrival of $2,000,000 in cash by airplane from Jacksonville, and optimistic refrom city and state banking offiFailure for business of the Bank of Bay Biscayne its three branches depositors for information their money, and caused another bank to shut down to avoid run.

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BANK HEADS AND STATE OFFICIAL NAMED IN SUIT Charges Officers Knew Institution Was Insolvent Nine Days Before It Was Closed. By the Associated Press. MIAMI, Fla., June 24.-Claims that the officers of the Bank of Bay Biscayne knew it was insolvent nine days before it was closed and that Ernest Amos, State controller, was derelict in his duty were made in a suit for a receivership filed in United States District Court here today by James G. Hawkins and his wife, Mrs. Rosa Hawkins, depositors. The petitioners asked that a receiver. appointed by the court, take charge of the bank's assets and issue a detailed inventory and appraisal of assets and liabilities. Judge Halsted L. Ritter designated next Monday as the date for a hearing. The suit claimed that when the bank closed, June 11, $10,000,000 in deposits were protected by a reserve of only $300,000, although Florida statutes require a reserve of 20 per cent of deposits.

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FEDERAL COURT OPENS MIAMI BANK RECEIVER APPLICATION HEARING

(Continued from Page One) what is known the cash reserve, according Mr. Davis, at the close of business on June 10, the last day the bank operated. The cash reserve totaled $1,091. while the total deposits were $10,254,934.24 The reserve was $3,944,255.06 on March 27. when the bank issued its last previous statement of condition.

BANK OF HOMESTEAD EXAMINATION COMPLETED Homestead, June Examination affairs the Bank of Homestead, which closed doors June 11. has been completed and forwarded to state Comptroller Ernest Amos by S. M. Shackleford, deputy state bank examiner sent The closed its shortly the Bank of Bay Biscayne in Miami and three subsidaries closed. L. L. Chandler, chairman of the board of directors, said he believed officials of the bank will be able within 10 days plan whereby the bank will reopen liquidate to give depositors their The banking needs of Homestead are now being served by "bank on wheels,' armored truck with banking equipment, which comes here from Miami twice each week.

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Amos Loses Fight Against Federal Bank Receiver

Miami, July 3.-Holding that Ernest Amos, comptroller. holds no more right than individual the petition of Mrs. Rosa federal ceiver for Bank of Bay Biscayne, Federal Judge Halsted Ritter today denied motion dismiss the petition by attorneys for the comptroller. The comptroller was made the suit the first party of the quest Attorney Fred Davis Florida, who ing him. Amos comes under the equity Judge Ritter "He has more rights than humblest the bank. are just concerned now with pushing perAmos file this courtesy and the that better of sides of the case might brought

Next hearing the receivership petition held July 21 Ritter's court.

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Amos Again Asked for Bank Stockholder List

MIAMI, July that Ernest Amos. state comptroller provide names and addresses of stockholders of the closed Bank of Bay Biscayne of Miami was in letter sent today by Abe Aronovitz, chairman of one of the depositors committees of that bank. The demand. the third of its kind. was sent after meeting of the committee today at which was said the names were wanted so that suit to collect could be instituted. Amos declined two previous requests for the names, first on the ground that Judge Halsted Ritter had ordered the affairs to remain in status quo and later on the ground that the information desired is quasiconfidential.

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FLORIDA BANKERS ACCUSED OF FRAUD Creditor Sues, Charging State Controller Let Defunct Institution Swear Falsely. By the Associated Press. MIAMI, Fla., July 26.-Charges that Ernest Amos, State controller, and officials of the defunct Bank of Bay Biscayne, had known that statements issued by the bank prior to its June 11 closing were fictitious, and that Amos is conniving wth officials of the institution to dispose of securities, were contained in a suit filed in Federal Court here today, asking the appointment of a Federal receiver for the bank. The suit was filed by Robert J. Boone, attorney for Charles Ball, a Scranton, Pa., real estate operator. Boone said Ball filed the action as a creditor, on the grounds that he holds an unpaid judgment of $7,040 against the bank. The suit, according to Boone, charges that the bank has been insolvent for 12 months, and that the controller and officers of the bank were aware of the fact. A further allegation is made that the controller permitted the bank to issue false statements as to its condition.

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ACCUSES BANK OFFICIAL Florida Controller Is Charged With Malfeasance. MIAMI, Fla., August 8 (P).-A warrant charging State Controller Ernest Amos with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was

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MIAMI BANKER UNDER CHARGE OF MALFEASANCE

Miami, Fla., Aug. 8.-(AP)-A warrant charging State Comptroller Ernest Amos with malfeasance in office in connection with the liquidation of the suspended Bank of Bay Biscayne was issued here yesterday on application of a depositor. Amos is charged with violation of Florida statutes by employing former officials and employes, of the bank to make the liquidators' audit. While there has been much civil litigation in consequence of the bank's suspension, this is the first eriminal action taken,

Center M. E. Church. Preaching once each Sunday. Sunday school each Sunday morning at 9:30 o'clock. Prayer meeting each week. Come and bring the entire family. We need you. J. R. Smith, pastor.

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State Official Accused In Florida Bank Case

MIAMI. Fla., Aug. 7 (P)-A warrant charging state comptroller Ernest Amos with malefeasance in office in connection with the liquidation of the suspended bank of Bay Biscayne was issued here today on application of depositor. Amos is charged with violation of Florida statutes by employing former officials and employes of the bank to make the liquidators' audit. While there has been much civil litigation in consequence of the bank's suspension, this is the first criminal action taken.

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MORE MEMBERS FOR MIAMI'S Y WILL BE SOUGHT

Drive Volunteers to Be Obtained at Meeting Tonight

An effort to bring membership in the Miami Y. M. least to at 1,500 replenish finances which were through failure of the Bank of Bay Biscayne, will get under way tonight ship meeting at the Y building at 6:15 This meeting called by M. R Harrison. general of the membership campaign, for the of perfecting field organization solicit and memberships. The meeting will not longer than an hour half, Mr. Harrison said. Starting tomorrow and for five thereafter, than 100 workers be field. Emphasis will memberships, those which only entitle the holder privileges, enable the association to extend rights to number of deserving boys not able to pay the regular membership fee. Officers field organization already have and unteers make the remainder up the field army expected be to tained at tonight's

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BANK LIQUIDATOR ANSWERS DAVIS

Therrell Defends Appointment For Biscayne Institution Fla., Dec. (A)-J. Therrell, liquidator for the closed Bank of Bay Biscayne, Miami, today filed with the Supreme court swer writ issued against recently on application Davis, attorney general. attorney general contended has no right act liquidator for the bank, since appointment Comptroller Ernest confirmed court of the proper jurisdiction. In his answer today the liquidator contended he held legal occupancy the position. The attorney general filed motion for judgment ouster, notwithstanding claims Therrell's The Supreme court took the matter under advisement.

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the past and we shall continue to in the future. On June 11, he was quoted as say- are authorized to reaffirm in my the previously published that squarely behind the City National bank. suggest the that ample funds are available for all necessary demands." The questioning of Mr. Gordon preliminary net the part of the state attorney's understood. might be by calling the grand jury. Whether this would done, Mr. Hawthorne said, depends developments. As to investigation of the bank such. he said, such probe properly should handled by the government. as the City National is federal serve institution. off and have been waiting all morning for line that failed to materialize," it said. Police at the City tional and Bank of Bay Biscayne for service, said that there had been disturbances. One man at the City National bank to have his safety deposit box contents delivered to him.