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MORE BANKING HOUSES CLOSED 11 More Institutions Fail to Meet Obligations to Depositors By the Associated Press. Eleven banks in five states of the south and lower middle west failed to open for business today. Banks in English, Leavenworth, Corydon and Corydon Junction, all small communities in southern Indiana, were taken over by the state banking department on the heels of the failure yesterday of two banks at New Albany, Ind., across the Ohio river from Louisville. Banks at Paris, Tenn., at Donippan and Edina, Mo.; at Crestwood, Louisville suburb, and Madisonville, Ky.: at Asheville, N. C.; and a Negro bank in Nashville, Tenn., were the others to close. Closing of the six Indiana banks was attributed to the recent failure of a group of Louisville banks. The closings in Kentucky today brought the number there to fifteen in a week, seven in Louisville and two in its suburbs. The Asheville closing was the ninth in North Carolina in two days. The Missouri closings were blamed to heavy withdrawals. Governor Horton of Tennessee pledged a "full and complete invesgation" of all state government departments as a result of state financial difficuties which followed the naming of a receivership for Caldwell & Company, investment bankers.
