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Raleigh Bank Program Fixed Closes Doors For Veterans Failure of Farmers to Meet Seasonal Obligations Given as Cause. mercial National bank, largest independent financial institution in Raleigh, failed to open its doors this morning, after directors had voted to close it pending meeting of stockholders. The September statement of the bank showed deposits of $4,286,942 capital stock of surplus and reserve of $136,163 and bills payable of The officers are B. S. Jerman president, B. and P. Bauman, presidents, and B. H. Little, cashier President Jerman and Mr. Crow issued statement attributing the closing to failure of farmers and others to be able to meet seasonal payments of low prices, on which the bank had loaned bormoney "for The state of North Carolina had approximately $218,000 on deposit in the Commercial which secured by $240,000 in bonds of the state, Captain Nathon O'Berry. state Business was being usual other banks in the city today with the exception of the Morris Plan bank. which was periencing heavy run with all withdrawing depositors being paid. Legion Post Will Present Varied Program on Evening of December 22. An appealing program has been arranged for the meeting of Hornets Nest post, American Legion, at the Chamber of Commerce, December 22 at 7:45 P. M. The drum and bugle corps will be in charge of the program, which has been arranged by Trace Henry, captain of the There will be selections by the Junior Order band, well as numbers by the uniformed drum and bugle corps. specialty dance number will given by Little Miss Patricia Ham, accompanied by the drum corps. Ivan Sweatt will be heard in comedy skit, entitled "Coal Dust." Mr. Sweatt will also lead the legionnaires in the singing of group of war songs. Arthur R. Ham, golf professional at the club, and his dogs will present golf sketch. which be most interesting. Musical selections will be given Mrs. F. Dale Turnbull and Mrs. Gladys Jones.