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ANOTHER BANK SUSPENDS Richmond. Va., Dec. 26 (AP) -M. K. Bristow, state commissioner of insurance and banking. today announced that the state bank of Pamplin. in Appomattox County suspended business this morning pending it meeting of its depositors tomorrow
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VIRGINIA BANK SUSPENDS RICHMOND, Va., December 26.(P):M. E. Bristow, State commissioner of insurance and banking, announced today that the State Bank of Pamplin, in Appomattox County, had suspended business pending a meeting of its depositors tomorrow.
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EIGHT MISSISSIPPI BANKS CLOSE AFTER HEAVY RUNS TUPELO MISS Dec 26 By U. The People' Bank and Trust Company and affiliated today Deposits in the closed institutions totaled Besides the Nettleton Miss. and Reinzi, Miss. branches of the trust company the following associated banks closed The Bank Guntown Bank of Saltillo Bank of Verona. Bank of Shannon and the Itawamba County Bank of Fulton. Heavy withdrawals were Missouri Bank Closes. JEFFERSON CITY Dec 26 pecial The Bank of Clark RanCounty by its directors today had total resources of $113,133 and deposits of Drouth Closes Three Banks. TOPEKA KAN Dec 26 By U P Three banks in Allen County closed their They the State Bank of Elsmore capital the People's State Bank of Moran, $15,000 deposits $127,000 and the Mildred State Bank capital $10,000 and deposits $49,000 Drouth conditions were blamed for the closings Bank at Gary, Ind., Closes GARY IND 26 N Heavy today forced the People's State Bank of Gary to close, although directors said it was solvent The bank was capitalized at $50,000 and had $355.00 deposits according to its latest statement Bank Closing in Virginia RICHMOND VA. Dec By U. Because of withdraw als. the State Bank of Pamplin Va suspended business today A mass meeting of depositors will be held tomorrow The according to the State Banking Department To Give Christmas Play The Players Methodist Church, Kingshigh way and Washington boulevards, will give Dust of the Road Christmas play by Kenneth Sawyer Goodman at 30 m Sunday in the recreational hall of the church
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Banks Throughout Close Doors Country Miss., Dec. 26 Peoples Bank Trust Company and branches, Nettleton Rienzi, Miss.. failed open directors called meeting to consider plans for The capitalized 000. Its last plus of about and deposits the president, said tinued withdrawals inability the bank obtain further credit forced the suspension. Three Kansas Close Topeka, Kan., Dec. three small banks in southeastern deposits was announced today by Koeneke, State Bank Commissioner. He attributed closings to last mer's drought and inability of the stitutions realize on their farm paper. banks are all in Allen county. They Mildred State Mildred the Peoples State Bank, Moran, the State Bank Elsmore, Elsmore. Virginia Suspends Dec. Bristow, State Commissioner of and today that the State Bank of Pamplin, this pending meeting its depositors Atlanta Bank Closes 26 Union Savings Bank here failed and on the had been placed charge the State Superintendent of Banks
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LITTLE ORPHAN ANNIE- CLEARING HOUSE SLICES RATES TO MEMBER BANKS NEW YORK, Dec. 26 (A).-The New York Clearing house today announced a further reduction in interest rates which banks may pay on deposits, the third reduction this year Such action had been expected, particularly since the New York Federal Reserve bank reduced its rediscount rate from 2½ to per cent. The new rates become effective The rate on deposits of individuals has been reduced from 1½ to per cent., which compares with 2½ per cent. at the beginning of the year. Rate with member banks may pay on deposits of other banks has been reduced from 1½ to compared to at the start of the year, and on deposits of mutual savings banks to 1½ from 2 and from 3 per cent. at the first of the year. The rate on time deposits. up to six months unchanged per cent compared to 3½ January. This rate was last reduced on June 26. Bank Suspensions. MEMPHIS, Tenn. Dec 26 banks and branches in eleven northeast Mississippi towns were closed today. All were within a radius of about thirty miles, and the situation was described as local one by S. High. president of the People's Bank and Trust company of Tupelo, the largest of the closed banks Others were its two branches at Nettleton and Rienzi. the First National bank and the Corinth State bank. Corinth: the Ittawamba County bank, Fulton: the Bank of Sherman. Sherman: the Bank of Saltillo, Saltillo the Bank of Guntown Guntown: the Bank of Verona, Verona the Bank of Shannon. Shannon. and the Booneville Banking company Booneville All except the First National were state institutions Banking officials of the section expressed the hope most of the institutions would reopen within thirty days. Many attributed the closing to the announcement that the People's bank had shut its doors The People's bank was capitalized at $200,000 and its last statement showed deposits of about $1 700,000. The First National bank at Corinth, was capitalized at $100 000 and its last statement reported deposits of $1,018 710 20. The Corinth State bank. capitalized at $50,000, reported deposits of $288,759 Corinth was left without bank for the time Officials of both banks met to discuss suggestions for reorganization reopening The Corinth Bank and Trust company closed several weeks ago. Mr High said Tupelo. with two banks open for had no fears am informed that the remaining two banks got $400,000 in cold cash from the federal reserve and are ready for any eventuality he W. Sanders. president of the Booneville Banking company, was here last night He said plans for refinancing were nearly complete AUGUSTA Ga. Dec. 26 -The Union Savings bank here failed to open today and a notice posted on the door said had been placed in charge of the state superintendent of banks to conserve assets Gray, the president said the closing was due to withdrawals and the of the bank to collect loans rapidly enough to meet demand for The Union Savings bank on Nov. 26 had deposits of $873.061. with total resources of $1,174,840 It was capitalized at $100,000 RICHMOND Va., Dec. 26 E Bristow state commissioner of insurance and banking announced today the State Bank of Pamplin, in Appomattox suspended this morning pending meeting of depositors tomorrow morning Arkansas Bank Reopens. LITTLE ROCK, Ark., Dec 26 State Bank Commissioner Walter E Taylor announced the Citizens bank at Foreman Little River county. reopened today It suspended Dec 21. for five days. This brought to more than thirty the number of banks reopened in the state since Nov. 17. Since that date nearly 100 banks had closed.
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ROBBED PITTSBURGH pawn shop today. took cash, and diamonds the proprietor valued nearly $10,000 Several other beries, one of which the bandits obtained $1,250 grocer reported to police. EDITOR TO BE DEPORTED Dec Machado today ordered the of Aldo editor the Diario de Marina part in the objection able which in pension of the paper last week VIRGINIA BANK SUSPENDED and the State bank Pamplin, in Apcounty, suspended today EXTORTIONIST KANSAS 26 Charles Duncan, 23. was sentenced two half the by Judge Ralph on plea of guilty to charge of extort $25,000 from R. A. Long. wealthy ATERPILLAR GAINS NEW The exclusive in Caterpillars has of. ficers nor dues, has gained 141 members the 13 months since vember. 1929 COST $100,000 YORK York's Christmas bill for orchids $100,000 Twenty thousand of the fragile blossoms were sold by florists the last minute prices in shops went to $12 an
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Virginia Bank Closes PAMPLIN, Dec. 27. (INS) Following run the State Bank here closed its doors yesterday. meeting of depositors will held today with view to developing some plan for reopening the bank, which officials the State Banking department claim is fully solvent. Chicago Livestock CHICAGO, Dec. 7,000; market Top bulk steady. weight Holdovers heavy 3,000. 200; market steady. 100; market steady 1,000; market steady
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VIRGINIA BANK CLOSES State Commissioner Announces South Hill Institution Suspends. RICHMOND, Va., December 27.-M. E. Bristow, State commissioner of insurance and banking, today announced that the Bank of South Hill, at South Hill, Va., had suspended business. The commissioner left Richmond for Pamplin to attend a meeting of the board of directors of the State Bank of Pamplin, which suspended yesterday. WATER-FRONT PROPERTY. WATER-FRONT PROPERTIES-THIS IS A BUYERS MARKET CHAS. F. LEE, Lee Bldg., Annapolis, Md. SALE-SUBURBAN. BALLSTON, VA.-SEVEN-ROOM & BATH bungalow; corner lot alone worth $6,000: will sacrifice entire property for $4,750 terms like rent. B. M. HEDRICK, owner, Clarendon. Va. Phone Clar. 302. 28* NO CASH PAYMENT-$45 MONTHLY. INcludes int. and principal; price, $5,900; attractive seven-room home with bath and all modern improvements: basement with laundry; large front porch. slate roof; lot 90x150 with large fruit and shade trees; half block from boulevard, between Hyattsville and University Park, Md. Schools, car and bus service Owner and builder, W. R. WILSON, 2542 13th st. n.w. Call Adams 0566. FOR SALE-BUNGALOW, MADE-OVERnew: 5 rms., ba., nearby Md.; $5.750. $200 cash, $40 mo. Also $3,750, $100 cash, $35 mo. Clev. 4733. 10 ACRES, NEAR E. RIVERDALE: 6-ROOM bungalow, bath. elec., cellar, fur. heat; orchard. gar., chicken house: on good road. Priced for quick sale. E. M. AIKEN, 927 15th st. Nat. 3556: eves., Wis. 3293. $1,875 NEW BUNGALOWS: TERMS, $200 cash, $20 monthly covers all expense: near two golf courses. in developed subdivision of 40 homes. A postal or phone call will bring you the picture and full description. No obligations. No salesman will bother you I want you to see this remarkable value. GEO. E. JOHNSON. owner and builder. 308 10th st. n.e. Lin. 4496. SAVE $750 BY BUYING NOW. 4-rm bungalow, bath. all modern improvements, glassed-in sleeping porch; large lot: just recently painted inside and out and papered. Price. $3,000: $50 cash, $35 per month, including all interest. O. B. ZANTZINGER CO., Hyattsville, Md. Hyattsville 72. SAVE $1,000 BY BUYING NOW. 4-rm. bungalow, 4 acres of ground, suitable for chicken farm. gravel bank. Price, $2,250; $50 down, $25 per month. O. B. ZANTZINGER CO., Hyattsville 72. Hyattsvile, Md. COLORED-WILL SACRIFICE MY BEAUTIful 4-room bungalow. bath, electricity, gas, for $2,400. payable $50 cash, balance $25 per month. large lot. Unusual bargain. Owner on premises from 10 a.m. to 8 p.m. daily. 4500 Gault pl. n.e., Deanwood. Will sell first that comes. Immediate possession. Take District line car at N. Y. ave. and get off at 44th st., walk down 44th to Gault. WOODRIDGE. 3116 Newton St. N.E. 5 rooms and bath. 2-car garage, deep lot; completely reconditioned. Open All Day Sunday. EDW. M. WILLIS. Nat. 7479. Tower Bldg. LYON VILLAGE. Bungalow of Colonial design is offered at substantial reduction. making it the best buy we have ever offered in this community. Five rooms. bath, h.-w.h.: garage. Price. $7.250. Terms reasonable. LYON AND FITCH. INC. Clarendon 650. WOODRIDGE BARGAINS. Lovely brick home. oak floors, paved street and alley, near R. I. Ave., stores and school. For quick sale, $7,350. Easy terms. H. C. MAYNOR, 2605 Brentwood rd. n.e. North 4338. BRICK BUNGALOW-$6,950. Built for Owner's Home. 5 rooms. full tile bath. cak floors. hotwater heat: electricity; open fireplace; space on 2nd floor for 3 large rooms and extra bath. Cement porch, daylight basement: large lot with shade trees. Close to high and graded schools. Small cash payment and easy terms. C. W. VAN WAGNER. 223 Cedar st., Takoma Park. D. C. Georgia 1726. TAKOMA BARGAIN. $4.200. 5-room cottage, a.m.i.; 2 large lots; paved street. $5,500. Takoma bungalow. 5 rooms. bath and attic: refinished like new. One of the best neighborhoods in the park, convenient to school and stores. Hot-water heat. Attractive shrubbery and trees. Large lot. worth $2,000 or more. Property now clear, will be financed to suit purchaser. NORTH WASHINGTON. $8,750. 4½ acres, comfortable 6-room house. with modern improvements: bath. furnace, electricity: on main pike. Beautiful old trees, ideal home site. Several outbuildings, tenant house and shop: all electrically lighted. A very desirable country home, very cheap. R. D. LILLIE, New Address. 266 Carroll st., Takoma, D. C. Georgia 3300-3301
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Prospect (Special to The News) Prospect, Jan. Year's Day was observed here by cessation of work along certain lines including holiday for the rural mail carriers and closing of the post office at certain hours. Mrs. H, T. Ferguson and Mrs. E. H. Mallory attended a bridge party given in their honor by Mrs. Sidney Newman Beach street, Farmville, on New Year's night. Mr. and Mrs R. B. Hudgins of Appomattox with their children were guests the home of Mr. and Mrs. Hunter T. Ferguson on New Year's day. Much regret is expressed at the death of Rev. Josiah Ellis which was announsed in Friday's News, he having near relatives in Billy Glenn of Prospect who is employed in the machine shops at Clifton Forge spent the holidays at the home of his Mr. and Mrs. Ed Glenn. Milt Dunn of Prospect High school sold the highest number of Christmas seals of any pupil, numbering 175 the entire made by the student body brought in Prince Edward county is allotted miles and Buckingham 21.75 miles of road be built this year. V. of Prospect presided at the recent meeting of the stockholders of the State Bank of Pamplin and Taylor of this place, one of the directors. made talk and it was said that the bank would resume business January Professor Glenn. a native Prospect and former principal Prospect High school, now located at Kenbridge where he has "taught for years. has been given the title "Master by the partment at He early education here and is a graduate Hampden-S veteran the World War and he has brother. E. Glenn, here, where his mother owns valuable property. At the last meeting of the board of was ordered that the matof through the lands of Mitchell and others to the Elam Peal's Church road. in district be taken up for further consideration January ASK FOR FARE HOME. Adelaide, Australia P)-Homesick and destitute British migrants here have asked King George for transportation home. their says that while hungry migrants the English newspapers continue to urge Britishers to settle in Australia. START THE NEW YEAR RIGHT Join 1931 Savings Club Lynchburg National Bank and Trust Co.