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BANK IN KENTUCKY BECOMES DEFUNCT Frozen Loans Blamed For Failure Of Old Institution Bank of and the oldest financial institution in Logan closed Friday because was County of frozen loans. The State Banking Department took charge. Shipment of $100,000 in currency here Friday by airplane arrived from Louisville, for the Citizens National Bank of Russellville The was ordered sent here money forestall threatened run on the bank resulting from the failure of the Bank of No run developed. and the town was quiet Friday The Southern Deposit Bank made arrangements with Nashville bank to send currency immediately in case of a run. but it also reported that business proceeding in an orderly manner The Bank of Russellville was capitalized at $25,000. had assets of $264,000 and deposits of $184,000 JURY INVESTIGATES CANDIDATE'S CLAIM Charge Is Made Foe Sought Judge's Withdrawal From Race County Judge John Sheffield. of Helena, candidate for the Democratic gubernatorial nomination. Friday requested Circuit Judge W. D. Davenport to call special session of the Phillips County Grand Jury to investigate attempts by associates of candidate bring about the withdrawal of Judge Sheffield. Judge Sheffield charged that an offer of $1,500 was made to him through some of his friends "by the Brooks Hays management withdraw from the He charged also that Allen Winham. campaign manager for Brooks Hays: Lee Cazort. lieutenant governor. who recently withdrew from the governor's race: Ernest Dew. and others actively engaged in the managemen of the campaign for Brooks Hays have been negotiating with prominent citizens in Helena.' in an effort to secure his withdrawal. COMMISSION PUTS OFF RAIL HEARING A. G. S. Among Roads Against Which Complaints To Be Aired MONTGOMERY. June 13Alabama Public Service Commission Friday postponed from June until June two complaints against rail carriers to be heard in Bragg. Millsaps and Blackwell complained against the alleged unlawful failure refusal of the Alabama Great Southern, Southern and Birmingham Belt Railroads to bear the expense of unloading railroad shipments cattle at Birmingham and North The Traffic Association has complaint against the Mobile & Ohio Railroad for alleged unjust. unreasonable and prejudicial rates on brick moving in carload shipments from Fox to Holt. consigned to the Alabama Power Company The traffic association seeks rate of $2.25 carload for handling shipments
