The second dividend of 25 per cent for the depositors of the Bank of West Point was made Friday by Receiver H. D. Glanton.
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Newspaper Articles (1)
1.September 26, 1916Atlanta Semi-Weekly JournalAtlanta, GA
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Article Text
Bank Pays Dividend WEST POINT, Ga., Sept. 22.-The second dividend of 25 per cent for the depositors of the Bank of West Point was made Friday by Receiver H. D. Glanton.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.