76. Jefferson County Savings Bank (Birmingham, AL)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
January 28, 1915
Location
Birmingham, Alabama (33.521, -86.802)

Metadata

Model
gpt-5-mini
Short Digest
0f7b3ea6c25c45ee

Response Measures

None

Description

Contemporary articles (Jan 28–29, 1915) report a run prompted by circulating rumors, followed immediately by state takeover/suspension. The bank was reorganized and reopened Aug 2, 1915. Later items (1916 and after) show subsequent liquidation/receiver activity for the reorganized Jefferson County/Jefferson County Savings institution, but the primary episode in these articles is a run → suspension → reopening in 1915.

Events (3)
1. January 28, 1915 Run
Cause
Rumor Or Misinformation
Cause Details
Articles explicitly state suspension and run were by reason of rumors and certain rumors concerning its condition had recently gained general circulation.
Measures
Conferences with state banking officials and other banks; state superintendent took charge to protect depositors; assurances depositors would be paid in full.
Newspaper Excerpt
the Jefferson County Savings bank suspended business after a run was made on it January 28.
Source
newspapers
2. January 28, 1915 Suspension
Cause
Rumor Or Misinformation
Cause Details
State superintendent of banks took possession under state banking board action after rumors about the bank's condition circulated; suspension placed to protect depositors.
Newspaper Excerpt
A notice ... stated that he is in charge of its affairs. The announcement of the suspension was received with surprise and regret ... owing to certain rumors concerning its condition which had recently gained general circulation.
Source
newspapers
3. August 2, 1915 Reopening
Newspaper Excerpt
For half a block an immense crowd of people this morning watched the opening of the Jefferson County Bank, the reorganization of the Jefferson County Savings Bank ... The reorganized bank announced ... The new president, A. E. Jackson, of Decatur, Ala., expressed in confidence of success.
Source
newspapers

Newspaper Articles (21)
1. January 29, 1915 Evening Public Ledger Philadelphia, PA
Article from Evening Public Ledger, January 29, 1915

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TONOPAH STOCKS Bld. Askel Jim Butler 71 .72 MacNamara .04 .05 Midway .06 .07 Mizpah Extension .27 .28 Montana .35 .37 North Star .15 .17 Tonopah Belmont 41/2 4% Tonopah Extension 211-16 2 13-16 Tonopah Merger 33 33 Tonopah Mining 7% 7% Rescue Eula .06 .07 West End .03 .50 GOLDFIELD STOCKS. Atlanta 36 .38 Blue Bull .08 .09 Booth .29 .31 Bulldog .03 .04 C. O. D. .07 .08 Combination Fraction .08 .00 Diamondfield B B .04 .06 Daisy .05 .07 Florence 76 .75 Goldfield Consolidated 1½ 1% Goldfield Merger 35 .36 Jumbo Extension 1.22 1.28 Kewanas .28 .30 Oro .13 .14 Sand Ken .12 .14 Silver Pick .08 .09 MISCELLANEOUS, Fairy Aztec .04 .05 Kimberley .07 .10 Nevada. Hill 33 36 Nevada Wonder 1.45 1.50 NEW YORK CURB Bid. Asked. Braden Copper 6% 6% British-American T old 1814 19 do new 18% 1016 Goldfield Consolidated 1½ 1% Greene Cananea 2314 241/2 La Rose 11-16 % Nipissing 5% 51/9 Otis Elevator 70 6814 do preferred 90 91 Riker-Hegeman 71/4 7% Sterling Gum 3% 3% 92 Tobacco Products preferred 9314 United Cigar Stores 9616 94½ do preferred 112 117 United Profit-Sharing new 4½ 41/2 90 Willys Overland 92 94 do preferred 96 World Film 4% 5 Yukon Gold 2½ 2% ALABAMA BANK CLOSED Savings Institution in Birmingham Suspends; to Protect Depositors. BIRMINGHAM. Ala., Jan. 29.-The Jefferson County Savings Bank, one of the oldest In the city, was closed today. More than $150,000 was withdrawn yesterday. It is said the suspension is only temporary and that all depositors will be protected. The bank has a surplus of $250,000. other assets of $1,750,000 and deposits of $1,250,000.

2. January 29, 1915 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, January 29, 1915

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BIRMINGHAM BANK IN HANDS RECEIVER (By Associated Press.) BIRMINGHAM, Ala., Jan. 29.-A notice signed by A. E. Walker, state superintendent of banks, was posted this morning on the doors of the Jefferson County Savings bank, one of the oldest and most active state banks in Alabama, stating that he is in charge of its affairs. The announcement of the suspension was received with surprise and regret throughout the city, the failure being the first of consequence in the history of Birmingham. A conference was held until late last night between Supt. Walker, officers of the stranded institution and representatives of other Birmingham banks, at the conclusion of which it was decided the state banking board should take charge of the Jefferson county bank, owing to certain rumors concerning its condition which had recently gained general circulation. Assurance was given today that depositors and creditors of the bank will be paid in full. According to a report made to the state banking department on December 1, the Jefferson County Savings Bank held deposits exceeding $1,500,000, and assets considerably more than this sum. The bank occupied the lower floor of a recently constructed 25story office structure, which is listed among the assets. It is intimated by officers of the bank today that a reorganization of the institution will be effected at an early date.

3. January 29, 1915 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, January 29, 1915

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BIG BIRMINGHAM BANK CLOSES DOORS Birmingham, Ala., Jan. 28.-The Jefferson County Savings Bank, one of the oldest banks in the city, will not open Friday morning. After conferences tonight with State banking officials and representatives of other banks, a statement was issued to the effect that the suspension is necessary by reason of rumors, and that all depositors would be protected and early resumption of business guaranteed. Assurance is given that no depositor or creditor will lose anything. The bank has a surplus of a quarter million assets, and a million and three-quarters deposits

4. January 29, 1915 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, January 29, 1915

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BIRMINGHAM BANK FORCED TO LIQUIDATE MY MORNING JOURNAL SPECIAL LEASED WIRE] Birmingham, Ala., Jan. 28.-Direcfors of the Jefferson County Savings bank, announced tonight that the institution has suspended and its affairs were in the hands of the state banking department, No details were made public. The bank is capitalized at $500,000 and in Its last report its surplus is given as $250,000. Its December 1 statement gave its deposits as $1,638,021,

5. January 30, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 30, 1915

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TAKING OVER OF JEFFERSON BANK WITHOUT INCIDENT Superintendent Walker Returns to Montgomery and Leaves R. L. Wilkes in Charge During Day The assumption of control of the Jefferson County Savings bank yesterday morning by Alex E. Walker, state superintendent of banks, and his assistant, R. L. Wilkes, following the formal suspension of the bank, was without special incident. Assistant Superintendent Wilkes was in charge following the departure of Mr. Walker for Montgomery. Mr. Wilkes had nothing to say for publication. The officers of the bank also thought it proper to say nothing at this time or add to the statement made yesterday morning. In banking circles it was learned that there was more real cash on hand in local banks yesterday than for sometime. As the situation developed yesterday every bank in town had its vaults crowded with money. As for the Jefferson County bank it is assured that every person depositing there, will get 100 cents for every dollar. The best opinion is that the suspension is only temporary, and that as matters are adjusted there will be a resumption. The Jefferson County Savings bank OCcupied banking rooms in the tallest skyscraper in the south. The building was constructed by the Jefferson Realty company, which is owned by the men who owned the bank. Eugene F. Enslen, president of the bank, had worked unceasingly for the construction of the tallest skyscraper in the south as a home for his bank, and the construction of the building involved quite a sum of money, and it IS considered a great civic asset. The last statement of the bank was made December 1, and showed among other figures the following: Cash resources, $223,241.44; bonds and stocks, $455,070.77; loans and discounts, $1,422,126.98; demand loans, $267,180.72. Liabilities included individual deposits of $1,241,599; time certificates, $231,523.70; due banks in the state, $120,608.35; due banks in other states, $42,575.67. The total deposits at that time were over $1,638,000. Before banking hours yesterday morning this notice was placed on the doors of the bank: "In pursuance of a resolution by the banking board of the state of Alabama, at a session of said board held in Birmingham, Ala., on the 28th day of January, 1915, under and by virtue of and in strict accordance with the provision of an act of the legislature of Alabama approved March 2, 1911, directing me to take possession of the property and business of the Jefferson County Savings bank, a banking corporation, under the laws of the state of Alabama, the undersigned, A. E. Walker, superintendent of banks, has taken possession of the property and business of said Jefferson County Savings bank for the purpose stated in said act. "This 28th day of January, 1915. "A. E. WALKER, "State Superintendent of Banks." Assistant Superintendent Wilkes yesterday morning caused the retention of many of the clerical employes and will have others at work this morning. The liquidation of the affairs of the bank will continue steadily and there will be a reopening just as quickly as possible.

6. January 31, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 31, 1915

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CAPT. MANLY MAY BE NAMED AGENT Hope Expressed Yesterday That Jefferson Bank Will Soon Be Able to Resume It is understood that Capt. R. F. Manly will be appointed agent for the Jefferson County Savings bank, which suspended Friday morning. He is to be appointed by the state banking authorities. The agent of a bank suspended has the duty of collecting all of the money due from loans and such items and subsequently reporting to the state banking authorities. It is understood that Captain Manly is favored by the state banking authorities as well as by others interested in the liquidation of the Jefferson County. In addition to this there was a very interesting and encouraging report yesterday that the Jefferson County bank officials hope to reopen for business within two or three weeks. It was stated yesterday around financial circles that there was good reason to believe that the details of straightening out the affairs of the bank will require about two weeks and the officials would be able to resume operations in the banking rooms now closed. This is believed to be the ambition and hope of the directors and officers of the bank. The officials of the bank have given out no statement but it was intimated yesterday that there would be prepared a statement to be issued during the next few days. The feeling in financial and business circles yesterday was excellent. As a matter of fact, every banker in town seemed optimistic yesterday over the general situation.

7. February 4, 1915 The Elk Mountain Pilot Crested Butte, Irwin, Ruby Camp, CO
Article from The Elk Mountain Pilot, February 4, 1915

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WESTERN. Ward S. Snyder died from the effects of poison taken after he killed his wife in the Baptist Sanitarium at Houston, Tex. Directors of the Jefferson County Savings Bank announced at Birming ham. Ala., that the institution had suspended, and its affairs were in the hands of the State Banking Department. Frank T. Crawford, son of the founder of the National Biscuit Company and an official of that concern ended his life by leaping from the third story window of his North Side home in Chicago. Mrs. Frank LaLone, the sixth victim of a family of seven, who were found dying from an unknown cause at their home near Hugo, Colo., died at St. Anthony's hospital in Denver, where she was taken in the hope of saving her life. George Baxter, who was recently arrested at Raton, N. M., on a charge of cashing forged postal money orders in Pueblo was brought to Denver by Marshal A. H. Hudspeth of New Mex ico and placed in the Denver county jail. Captain Frank H. Ainsworth, awarded a medal by Congress for planting the first American flag on Cuban soil after the outbreak of the SpanismAmerican war, and for five years inspector of immigration in San Francisco, received notice of dismissal. Miss Jessie Elizabeth Cope, the California girl whose "white slavery" charges against Col. Charles Alexander, millionaire Rhode Islander, developed into bribery indictments against herself, pleaded not guilty when arraigned before Federal Judge Carpenter in Chicago.

8. February 5, 1915 Western Liberal Lordsburg, NM
Article from Western Liberal, February 5, 1915

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WESTERN. Ward S. Snyder died from the effects of poison taken after he killed his wife in the Baptist Sanitarium at Houston, Tex. Directors of the Jefferson County Savings Bank announced at Birmingham, Ala., that the institution had suspended, and its affairs were in the hands of the State Banking Department. Frank T. Crawford, son of the founder of the National Biscuit Company and an official of that concern, ended his life by leaping from the third story window of his North Side home in Chicago. Mrs. Frank LaLone, the sixth victim of a family of seven, who were found dying from an unknown cause at their home near Hugo, Colo., died at St. Anthony's hospital in Denver, where she was taken in the hope of saving her life. George Baxter, who was recently arrested at Raton, N. M., on a charge of cashing forged postal money orders in Pueblo was brought to Denver by Marshal A. H. Hudspeth of New Mexico and placed in the Denver county jail. Captain Frank H. Ainsworth, awarded a medal by Congress for planting the first American flag on Cuban soil after the outbreak of the SpanisnAmerican war, and for five years inspector of immigration in San Francisco, received notice of dismissal. Miss Jessie Elizabeth Cope, the California girl whose "white slavery" charges against Col. Charles Alexander, millionaire Rhode Islander, developed into bribery indictments against herself, pleaded not guilty when arraigned before Federal Judge Carpenter in Chicago.

9. March 4, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, March 4, 1915

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PLANS ABOUT READY FOR REOPENING OF THE JEFFERSON BANK Stockholders Meet Monday to Pass on Proposition. Enslen Discusses Their Plans With $500,000 in new capital and with assurances from depositors and friends of long standing, the Jefferson County Savings bank, recently suspended, plans to resume business within the next few days. The board of directors and the stockholders will have a meeting next Monday to adopt a reorganization plan, which will in all probability, be adopted and thereupon the state banking department will be requested to pass upon the plans as outlined and approved. Eugene F. Enslen, president of the bank, said yesterday that at the meeting next Monday the plans would be approved, from all indications. During the past few weeks of suspension the officers of the bank have arranged for $500,000 new money and have also requested their old depositors to signify their opinion as to the reopening. It is stated that in 99 per cent of cases co-operation has been manifested by the stockholders in the plan of reorganization and reopening. Mr. Enslen said yesterday that while the bank would be a federal institution within a short time, the bank could not open as a federal bank under the banking laws. He said that the bank would reopen as the Jefferson County Savings bank and would later on be converted into a federal institution under government control. "We will have a meeting Monday," said Mr. Enslen yesterday, "at which time the plans we have formulated for reopening will be approved. We have arranged for sufficient new capital to start operations again and I am firm in the conviction that we will be open within a very short time. -There have been some statements about our becoming a federal bank. That will come in a short time, but not at the beginning. We must open as the old institution and later on become a federal bank. This course will naturally be pursued. We feel very confident over the outlook."

10. March 18, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, March 18, 1915

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Bank to Open May 1.-The Jefferson County Savings Bank and Trust com. pany, suspended, will open for business under the plans of the reorganization committee May 1, according to a report in banking circles yesterday. Snowden McGaughy, president of the bank, who Is in charge of the reorganization committee work at this time, is very much impressed with the co-operation that is being shown by local stockholders in the matter of reorganizing the bank. There will be a meeting during the next few days at which time there will be elected a full_quota of officers and directors.

11. May 4, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, May 4, 1915

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BANK IS EXPECTED TO RESUME MONDAY Officers of Jefferson County Bank About Ready, It Is Understood In financial circles it was reported yesterday that the Jefferson County Savings bank. recently suspended, would most likely resume operations next Monday. It is known that extraordinary efforts are being put forth to resume either on that day or the Tuesday following. The officers of the bank under the leadership of Snowden McGaughy, recently named president, have been working unceasingly to get the affairs in shape for a speedy resumption. It is stated that when the Alabama Bankers' association convenes here next Monday for a three days' meeting, it would be most gratifying to all officers of the bank and the local bankers generally if it could be announced that the Jefferson County bank had started business again. The interest all over the state in the floating of that temporarily crippled institution is very great and the utmost encouragement is being given the officials in the work of reorganization. It was stated yesterday that the time was not ripe for any definite expression as to when the bank would resume. It was promised, however, that an official statement would be given out during the next few days by Forney Johnston. counsel for the reorganization committee and the bank, as to the exact plans of the institution for the opening date. It is stated that the forthcoming announcement will be a detailed resume of the situation.

12. June 19, 1915 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, June 19, 1915

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DEPOSITORS PLEDGE CO-OPERATION WITH JACKSON'S EFFORT Meeting of Savings Depositors of Jefferson Bank Held Last Night-Over 500 Men Present At a thoroughly harmorious meeting last night of the savings depositors of the Jefferson County Savings bank resolutions were adopted pledging co-operation and assistance to A. E. Jackson of Decatur and his associates, who propose to reorganize the bank and to pay depositors in full. The object was to assure these capitalists that the depositors would be their friends and that they would not make a rush to draw out their deposits at the first opportunity. Fully 500 were present last night and the of the meeting was spirit which embraced in the following resolution. was introduced by Richard Fies and unanimously adopted: "Be it resolved by the savings depositors of the Jefferson County Savings bank in mass assembled that on the resumption of business of said bank that it is not our purpose or desire to withdraw and we will not withdraw our deposits from said bank but will continue our banking business with the Jefferson County Savings bank and will by all fair means assist the bank in every way." The report of the special committee of savings depositors was submitted as follows: "Your committee is happy to report that with conservative and sensible action on the part of the depositors the reopening and resumption of business of the Jefferson County Savings bank appears to be only a matter of a few days. "The purpose of this meeting is to give assurance to Mr. A. E. Jackson and his associates that we intend to co-operate with them: and in every way assist them in the resumption of the business of the Jefferson County Savings bank, not only by continuing our own business with the bank, but to become living boosters of their institution. "We have been shown every courtesy by Mr. Walker, state superintendent of banks, and others. and we are made to believe that it is only a matter of a short time until the bank will be reorganized and reopened for business: and that the savings depositors as well as other depositors will be paid in full. "But indeed we would have you know that it would be no inducement to Mr. Jackson and associates to come to our city and invest their good money unless we give them definite assurance that we will not rush like mad men to draw our deposits from the bank. "No one can fail to see that we are morally bound not only to continue our own business with this bank but to give them every effort toward building up and maintaining a volume of business that will exceed their fondest anticipation. "Various and sundry rumors have been current, and many unpleasant things said, but since we are not her tonight to engage in such things we want every one to banish the word failure from your vocabulary and let us become real living boosters of success." S. L. Sinnott presided last night and the principal talk was made by Alex E. Walker, state superintendent of banks. Mr. Walker's words were very encouraging to the depositors, and he was cheered time after time as he proceeded with his speech. John W. O'Neill, representing 10 per cent of the total savings deposits, introduced a resolution which was enthusiastically adopted, which upheld the manner in which the state superintendent of banks has conducted the Jefferson County Savings bank affairs and expressing confidence that Superintendent Walker would continue to do all in his power to conserve the interests of the depositors.

13. June 23, 1915 The Brunswick News Brunswick, GA
Article from The Brunswick News, June 23, 1915

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ALABAMA FINANCIER HAS BEEN INDICTED BIRMINGHAM, Ala., June 22.-Eugene Enslen, one of the, most prominent financiers in Alabama and president of the Jefferson County Savings bank which had recently suspended business, has been indicted for violating the state banking laws. Enslen is charged with accepting deposits in hisb ank after the bank had become insolvent. He made bond for $2,500 andw as released. The Jefferson County Savings bank suspended business after a run was made on it January 28. The savings depositors lost nearly a million dollars. The affairs of the bank had been in bad condition since the erection of tweir 26-story skyscraper, which proved a losing proposition from the beginning.

14. June 26, 1915 The Watchman and Southron Sumter, SC
Article from The Watchman and Southron, June 26, 1915

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BANKER RELEASED ON BOND. Bank Built Twenty-six Story Building Which Proved Losing Proposition. Birmingham, June 22.-Enselen, who was charged with accepting deposits after the bank became insolvent, put up bond of $2,500 and was released. The Jefferson County bank suspended after a run on it on January 28th, the savings deposits losing nearly a million dollars. Its affairs were in a bad condition since it erected a twenty-six story skyscraper which proved a losing proposition.

15. June 29, 1915 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, June 29, 1915

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BIRMINGHAM BANK WILL RE-OPEN; DEPOSITORS PAID (By Associated Press.) BIRMINGHAM, Ala., June 29. -The Jefferson County Savings bank, which suspended recently, will re-open for business as a state bank on August 1st, as the result of an agreement negotiated between the re-organizers of the institution and the state banking department. All the depositors in the bank have already been paid in full.

16. August 4, 1915 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, August 4, 1915

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Bank Which Had Closed Opens up Better Than Ever BY ASSOCIATED PRESS. Birmingham, Ala., Aug 2.-For half a block an immense crowd of people this morning watched the opening of the Jefferson County Bank, the reorganization of the Jefferion County Savings Bank, which was taken over by the state banking department several months ago. The reorganized bank announced that interest would be allowed on savings deposits in the bank during the suspension. The receipts today were much larger than withdrawals. The new president, A. E. Jackson, of Decatur, Ala., expressed in confidence of success.

17. January 29, 1916 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, January 29, 1916

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Birmingham Bank Fails to Open Up Account Rumors BY ASSOCIATED PRESS. Birmingham, Ala., Jan. 28.-The Jefferson County bank, capital half a million failed to open up this morning and a notice on the doors announces that the state banking department had taken over the institution for liquidation. The bank a few months ago took over the Jefferson County Savings bank which had closed its doors after reorganization absorbed the Merchants and Mechanics bank. A notice posted on the doors of the Jefferson County bank this morning announces that in the liquidation brought about by reasons of unfounded rumors that depositors and creditors will be paid in full and there will be a fair equity for all stockholders. The bank was reorganized and operated for business August 2, 1915, with a capital stock of $500,000, all paid in. A. E. Jackson, Decator, is president.

18. May 2, 1916 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, May 2, 1916

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Default having been made in the payment by A. J. Arrant General agency, a corporation, of its indebtedness as provided in a mortgage given by said A. J. Arrant General agency to the Jefferson County Savings bank, a corporation, on May 19, 1914, to secure the payment of a certain indebtedness therein mentioned, which said mortgage is recorded in the office of the judge of probate of Jefferson county, Alabama, in record of mortgages, volume 758, at page 232, which default authorizes the foreclosure of said mortgage, and said mortgage, together with the indebtedness secured thereby, having been heretofore duly and regularly assigned to the Jefferson County bank, and said default continuing, the undersigned, A. E. Walker, as superintendent of banks, having charge of the business and assets of the said Jefferson County bank for liquidation, will sell at public outcry, for cash, in front of the courthouse door on Third avenue, in the city of Birmingham, Jefferson county, Alabama, on the 3d day of June, 1916, the following described real estate, lying and situated in Jefferson county, Alabama, to-wit: A lot forming a rectangle fronting 45 feet on the south side of Avenue G, between Twenty-second and Twenty-third streets, and running back of uniform width 190 feet to an alley, said lot being lot No. 9, according to a survey and subdivision of block 231 as made by 19. Grey (C. E.) and plat or map of survey is recorded in the office of the probate judge of Jefferson county, Alabama, in volume 5 of maps, on page 92. Said land is situated in the city of Birmingham, In Jefferson county, Alabama, and block referred to is the same as block numbered 231, according to the Elyton Land company's survey of said city. Said sale is to be had under and by virtue of a power of sale contained in said mortgage, and is made for the purpose of paying the debt, costs and axpenses of foreclosure, and the proceeds of said sale will be distributed according to the provisions of said mortgage relatA. E. WALKER, ing thereto. As Superintendent of Banks. COLEMAN & COLEMAN, Attorneys. 5-2-3t-tu

19. May 9, 1916 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, May 9, 1916

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Notice of Mortgage Sale Default having been made in the payment by A. J. Arrant General agency, a corporation, of its indebtedness as provided in a mortgage given by said A. J. Arrant General agency to the Jefferson County Savings bank, a corporation, on May 19, 1914, to secure the payment of a certain indebtedness therein mentioned, which said mortgage is recorded in the office of the judge of probate of Jefferson county, Alabama, in record of mortgages, volume 758, at page 232, which default authorizes the foreclosure of said mortgage, and said mortgage, together with the indebtedness secured thereby, having been heretofore duly and regularly assigned to the Jefferson County bank, and said default continuing, the undersigned, A. E. Walker, as superintendent of banks, having charge of the business and assets of the said Jefferson County bank for liquidation, will sell at public outcry, for cash, in front of the courthouse door on Third avenue, in the city of Birmingham, Jefferson county, Alabama, on the 3d day of June, 1916, the following described real estate, lying and situated in Jefferson county, Alabama, to-wit: A lot forming a rectangle fronting 45 feet on the south side of Avenue G, between Twenty-second and Twenty-third streets, and running back of uniform width 190 feet to an alley, said lot being lot No. 9, according to a survey and subdivision of block 231 as made by E. Grey (C. E.) and plat or map of survey is recorded in the office of the probate judge of Jefferson county, Alabama, in volume 5 of maps, on page 92. Said land is situated in the city of Birmingham, YYE Jefferson county, Alabama, and block referred to is the same as block numbered 231, according to the Elyton Land company's survey of said city. Said sale is to be had under and by virtue of a power of sale contained in said mortgage, and is made for the purpose of paying the debt, costs and expenses of foreclosure, and the proceeds of said sale will be distributed according to the provisions of said mortgage relatA. E. WALKER, ing thereto. As Superintendent of Banks. COLEMAN & COLEMAN. Attorneys. 5-2-3t-tu

20. November 19, 1919 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, November 19, 1919

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# FULL PAYMENT FOR SAVINGS ACCOUNTS Plan Worked Out to Pay All Depositors in Full Plans have been worked out whereby the depositors who had savings accounts with the Jefferson county bank when it failed several years ago will get what is due them in full and the stockholders will get the title to the building. This plan will be submitted to the stockholders at a meeting to be held at 3 o'clock in the afternoon on December 18, according to a call issued yesterday by Chairman J. L. Yancey. Savings deposits held by the Jefferson County bank at the time of the failure amounted to about $600,000. These are said to be the only outstanding liabilities against the bank, except a mortgage which is being carried. All deposits in the bank except those in the savings department have been paid, it is said. The stockholders, according to the plan submitted to State Bank Commissioner D. F. Green and approved by him a few days ago, will raise $600,000 to pay off the savings depositors, and then take possession of the 26-story building at Second avenue and Twenty-first street. For several years the building was operated without profit, but since the war ended and the business revival set in, every room has been occupied, most of them under leases running for terms of years, at rentals that will make a very substantial return on the investment. The state bank commissioner a year or more ago asked for bids for the property, but none were satisfactory and as a result it has not been sold. With the largely increased revenues, it is estimated that the interest on the mortgage debt can be taken care of, the principal paid off in a few years and still leave a reasonable dividend for the stockholders. After studying the proposition of the stockholders submitted to him while in Birmingham a day or two ago, State Bank Commissioner Green approved their plan and agreed to withdraw the property from the market pending the meeting of the stockholders to be held next month. The best offer for the Jefferson County Bank building, which is the tallest building outside of New York, with one exception, it is understood, was aprpoximately $1,000,000. The present rentals are said to be earning a substantial dividend on a much larger valuation.

21. August 1, 1920 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, August 1, 1920

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Jefferson County Bank Declares Dividend Announcement is made by W. W. Crawford, receiver of the Jefferson County Savings bank, that another 10 per cent dividend is to be paid. The dividend will go to all creditors of record, including savings depositors, and will be paid beginning tomorrow. Creditors are asked to call at the vault department of the Jefferson County Savings bank, where they may receive their dividend any time after August 2.