gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e56af1bff17b69a8
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health, Full suspension, Books examined
Clearinghouse involved: Yes
(loan, examination, or other measures)
Receivership Details
Depositor recovery rate
51.4%
Date receivership started
1930-06-09
Date receivership terminated
1937-10-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
31.5%
Share of assets assessed as doubtful
62.2%
Share of assets assessed as worthless
6.3%
Description
A subsidiary (First Security) later reopened; the First National remained closed and was placed in receivership.
Events (5)
1.May 8, 1905Chartered
Source
historical_nic
2.June 9, 1930Receivership
Source
historical_nic
3.June 9, 1930Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by recent closings of other local banks (American Trust Company and Ninth Street Bank) and spreading depositor panic.
Measures
Directors issued resolution to close pending reorganization; clearing house and Federal Reserve arranged currency support.
Newspaper Excerpt
Unusually heavy withdrawals from the two banks during the past few weeks was given by directors as the cause of the closings.
Source
newspapers
4.June 10, 1930Suspension
Cause
Local Banks
Cause Details
The bank failed to open after sustained heavy withdrawals linked to recent local bank failures and depositor runs.
Newspaper Excerpt
Two banks here failed to open for business yesterday, the First National Bank of St. Petersburg and a subsidiary, the First Security Bank.
Source
newspapers
5.June 11, 1930Receivership
Newspaper Excerpt
Anderson Takes Charge of the assets of the First National as receiver for the comptroller of ... added that institution yesterday when he said that he had come here ... to do everything possible to effect reorganization of the holders and directors.
Source
newspapers
Newspaper Articles (21)
1.July 18, 1929Tampa Bay TimesSt. Petersburg, FL
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later formal statement SLIGHT FLURRY the which press in urged His follows: "St. Petersburg has always with. stood the effects any misfortune, AS RESULT OF financial or befalling institution institutions in other cities in the state, TAMPA CLOSING the fact the citizens of one city often alarmed
Plenty of Money to Depositor, Bank Officials Declare reputation for stability and safety. (Continued from "Anyone has kept in touch tional Bank does not effect the local with the institution or hamper its operations banks can see glance that they any manner. are and able to pay In its statement the clearing house dollar for dollar their depositors, said:
Clearing House Statement To the People Petersburg: The banks this city, being condition, not unmindful the present in certain particularly the situation several smaller which necessitated the closing of the Citizens Bank Trust company Tampa this said closing having ordered the directors the and the state banking department and protect the interests the depositors of that institution. The banks in this city, because the Tampa and the natfeeling of anxiety depositors might have locally, have issued orders withhold savings deposits for the being, asking the days' notice required. This does not affect for the business nor regular routine banking in any bank Petersburg. We feel explanation that the First National bank this city the affairs of the Citizens Bank Trust company Tampa due depositors the First bank this city. Although chairman of the board of the Citizens Bank Trust company Tampa chairman the board the First National bank of Petersburg, no financial nection two institutions. The First bank has only modets deposit in the Tampa bank. ST. PETERSBURG HOUSE By AVERY JOHN BROWN R. McCUTCHEON, JR. Excutive Committee
Not only assurances of assistance, needed. but actual cash in large quantities poured Petersburg yesterday afternoon and last night. close proximity Tampa caused banks New York and Chicago to wire direct their respondent banks here, offering any financial help that might be required. With the cash which this morning, more than lion dollars currency have reached city within than hours. This cash is make possible for depositors their money quickly they feel they just can't wait they least bit disturbed over condiin nearby localities. Associated Press dispatches sent from night ried details of the Tampa bank uation also listed banks filiated with Bank Trust throughout the north no bank connected Tampa will reassure interests that Petersburg sound in its banking situation, felt in clearing house Officials of the Clearing House last night said they were confident the crisis had and appealed to the people to about business making their deposits writing the essary checks on their and above not listen to idle street corner but come and talk their bankers they felt any unThe sending of approximately $5,000,000 currency west coast section from the federal serve banks meet the needs their member banks the statement by Creed Taylor, deputy ernor of the federal reserve bank of Atlanta that "the federal reserve bank will enough money Tampa pay depositor of the First National and the Exchange National Bank, necessary," his added that "both banks sound" much encouragement to those first inclined be faint hearted. Mayor Arthur Thompson, earlier the day crowd people gathered Cenavenue, them that the financial institutions were fectly and danger, and urging all to go about their business,
2.July 20, 1929The Owensboro MessengerOwensboro, KY
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Another Bank Closes Its Doors In Florida
Reports of the closing the state Bank Pablo Jacksonville Beach reached the state banking today. Comptroller Ernest Amos said the bank liquid condition. but closprecaution when The bank Palbo the teenth bank which closed Florida this week and the Twenwithin weeks. Four others closed May and their president, John Fouts, Bartow, awaiting trial charge illegally lending himself funds. reassuring tion has from Washington dicating that lessening the fruit fly under consideration and that President Hoover plans recommend reimbursement for growers whose crops have been destroyed. This, together with growing public confidence, combined stop the runs Floridaa banks, the comptroller indicated.
3.May 1, 1930Tampa Bay TimesSt. Petersburg, FL
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SKIPPER KEEPS POST IN SPITE OF BITTER ROW
(Continued from Page room where the affiants were sembled charged Shipper cepted in instance apparently for political favor. It was leged that the money came to per from Smith, Sumter county, seeking the post United and that Smith paid to Leon Prine. The affidavit also related that Callaway told the men Skipper received $500 from Fred The affidavit said the men went that he told them FLURRY FAILS Callaway had about him. He said he did not use any money for his use but turned it to the Miami TO CUT FUNDS Skipper did not take the floor during the meeting, but of Miami, vice chairman of the central committee defended the national IN CITY BANKS committeeman after the reading the affidavit. He said he had the and had not been to establish them. Deposits Wednesday Take As acting chairman of the party, Care of Withdrawals McCahill said he reported the allegaby Excited Patrons tions to the United States attorney general and asked an investigation. from McCahill declared that Smith business of city must him he had never discussed flow. Skipper matter of money and that At this meeting which was Smith had made an afficavit to that tended by some 250 men, although effect. Prine also, continued, only about 150 had been originally made an affidavit that he had borinvited telephone, R. Mc- rowed the $1,500, from Smith and president of the First had paid Skipper go to WashingNational Bank and president of the ton and make settlement of some Clearing House outlined Venice development bonds. the condition of the banks in the McCahill said Smith told him the and showed that the flurry had been loan Prine and yesterday had not even dented the that he expected the money to the banks, He cash pressed the belief that business should here today act would resume its normal trends upon these said day. He that the banks have Cahill, arguing for defeat of the fortified themselves strong cash Knotts resolution. should reserves pay protect deposi- await the mesult the tors and the significant state- first. We will ultimately have all that the banks today the facts. The attorney general hand even of and the Sumter tual cash than they carried during county grand jury investigated the boom days when deposits last twice the present As McCahill moved into vigorous Resolutions Adopted phrase of Skipper's work naOther speakers talked briefly Howey shoutthe meeting were Brown, ed that he McCahill retorted Lang, John "truth." that spoke Harris Carr. E. Law- Loud boos came the Howey rence, jr., presided. coalition of the house when in the banking shouted that Howey could tion here by two busi- the not made organizations yesterday and done by Skipper. resolutions adopted. After care- Howey Answers Grace ful analysis of the local bank state- When David ments of the Associated Grace, Petersburg, moved Retail Credit Grantors association the Skipper ouster proposal adopted the following strode the tabled. once Howey his finger at Retail Credit Petersasserted hereby expresses the full and burg complete confidence all its memthe the sound of the been fighting Glenn not local banks, and pledge said. turning the St. Petersburg Clearing House toward Skipper shouted, "but from association our unlimited support fighting make now institutions. declaration before all this positive Directors of the St. Petersburg of Merchants' association unanimously Howey declared that while Skipper adopted the following resolution: Hoover "Resolved that the members of Miami last winter. he and his this board express the full confidence in which they have the stability and He denied that on the integrity of the banks PetersSkipper had anything and promise our unlimited for Florida with the tariff. port to them. of commitget money but teeman NAMED CITY MANAGER to get declared WEST PALM BEACH. April He then turned to Skipper with the native colfirst landed in Flor. for the Miami Hoover lected you ida shipwrecked mariner years club? told only received today was city manago, $400." ager to succeed Parker, whose Howey accused Skipper resignation was requested by the party Florida city commission recently. but endeavoring to money don't care THE WEATHER much he gets legitimately, just he doesn't hurt the name of the LOCAL party,' Howey Reports Howey called Smith in audience asked him to relate Petersburg the his story of the alleged patronage bureau Smith said Prine came Minimum him and wanted He said him have the money. He AND THE TIDES TODAY never discussed money rises Skipper, but declared "it looked High Skipper got the money although mentioned anything of hours earlier. Howey resumed times walking FORECAST direct looked accuser. Hatteras to Florida Grace Sticks To Skipper Grace the weather partly overcast he to winds North Sandy over north Glenn local over Sandy Here north strive showers into the ring and Thursday. Knotts demanded would resignation accepted the primary. people you before the people?" queried. Knotts and Howey Skipper his resignation PAPER PECANS Retail at Wholesale Prices Send home take supply cans with restrictions transporting Special on Pounds more. Nut Shop, Inc. Central Ave. Mail and Insure
Claims Chairman Accepted Money for Political Favors
4.June 9, 1930The Boston Daily GlobeBoston, MA
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TWO ST PETERSBURG, FLA BANKS CLOSE DOORS
ST June First National Bank the First Security Bank failed today. directors the First National steady recent closing the American Ninth Street The said the First National had lost more than the last few Central National is Petersburg The First Security Bank bank affiliated the National.
5.June 9, 1930Beatrice Daily SunBeatrice, NE
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ST. PETERSBURG, Fla., June First National bank and the First Security bank fall. ed to open for business today. adopted by directors the First National last night attributed the difficulties to steady withdrawal of funds since the recent closing of the American and Ninth street banks. The directors said the First National had lost in withdrawals more than two and half million dollars in the last few weeks. The Central National bank the only financial institution remaining open in St. Petersburg. The First Security bank small state bank affiliated with the First National.
In New England MANCHESTER, June Merricmac River Savings bank failed to open its doors today upon order of the state banking commission. commission visited the bank and went over its accounts.
St. Bank Fails To Open This Morning
St Petersburg, June (AP) The First National Bank an of the First curity to this morn the Central National leaving Bank the only financial institution The First National was capitalized and had 00 Heavy withdrawals was given as the reason for closing
7.June 9, 1930Norfolk Daily NewsNorfolk, NE
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Florida Banks Quit Business
Petersburg, June First National bank and First Security bank failed to business today. resolution adopted by dirèctors of the First National last night the difficulties steady withdrawal funds since the recent closing the American and Ninth banks. The directors said the First tional lost more than two half million dollars the last few weeks. The Central National bank only financial institution remaining open Petersburg. The First Security bank small state affiliated with the First National.
June Merrimac River Savings bank failed to open its doors today upon order of the state banking ed the bank and went over its counts with his assistants and bank officials.
8.June 10, 1930Evening StarWashington, DC
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BANK FAILURES TIE UP $4,500,000 DEPOSITS St. Petersburg, Fla., Has Only One Financial Institution Open, With Two Suspensions. By the Associated Press. ST. PETERSBURG, Fla., June 10.St. Petersburg was left with only one banking institution yesterday when two banks-the First National and Security -failed to open for business. Yesterday's failures tied up nearly $4,500,000 in deposits. The first National was capitalized at $1,000,000, with deposits of $4,160,000, and the First Security was capitalized at $50,000 and had deposits of $302,197. Unusually heavy withdrawals from the two banks during the past few weeks was given by directors as the cause of the closings. The First Security Bank was affiliated with the First National. The American Bank and the Ninth Street Bank recently failed here, leaving one operating out of a previous total of five. The bank which was still open yesterday, and which officers said would be open again today, is the Central National.
9.June 10, 1930The Washington TimesWashington, DC
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Two Florida Banks Suspend Business ST. PETERSBURG, Fla., June 10 (I.N.S.). - -Two banks here falled to open their doors for business yesterday, the First National Bank of St. Petersburg and a subsidiary, the First Security Bank. Constant withdrawal of deposits, which totaled more than $2,500,000, following the recent closing of the American Trust Company and the Ninth Street Bank, brought on the action,
10.June 10, 1930Tampa Bay TimesSt. Petersburg, FL
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Hundreds Throng Avenue, Watching Uneasy Patrons As 2 Banks Fail to Open
The Sunshine City, June 1930.
Dear Folks: Central avenue was crowded today, just as it at the peak of the tourist season. There was reason. The First National bank, oldest financial Institution. closed its doors last night pending reorganization or liquidation, and the First Security, branch of the First National, failed to open its doors this morning. Subsequently there was run on the remaining bank, the Central National Bank and Trust Hundreds of persons crowded about the building. seeking entrance so they could withdraw their money from their checking accounts and give notice on their savings accounts. The bank. backed by the Federal Reserve system. met the demand and announced that will open for business usual tomorrow. Plenty of Business More money, it believed. was in circulation here today than at any time since the Festival States celebration. Persons, fearing that the sole of St. Petersburg's six banks would close, paid many of their debts by check and bought many necessities. But the banks did not offer all the excitement here today. We had an automobile accident fatality and a suicide. Abe Nedley, an Apalachicola man. who was injured in an automobile crash out on avenue eral nights ago, died Sunday night. just few hours after the alleged driver of the car put in his appearance and arrested. He was freed today when the coroner's jury held the accident unavoidable went out to the scene of the accident that night. was driving along Ninth street north when an ambulance sped by. turned in behind it and took advantage of its siren to make hasty trip to the wreck, arriving there just few seconds the emergency car We found both badly wrecked and three the four the wreckage. On the way back to town we must as many 200 cars, all headed to the scene of the accident. It's marvelous how spreads. The suicide took place this afterand police are still investigating it.) Complete details will be in another section of The Times Tues-
City Enthused The over Sun celebration to be held on June 19. Quite an interesting contest has developed among number of the most beautiful for the honor of being queen. Votes cost penny each To date Miss Hilma Golden leading the list. The celebration expected to be one of the most pretentious staged in commemoration of the city's 365 days of Summertime vacation days are here. but the youth of the city must still go to school. No sooner had the public schools ended their than the churches of the city the opening of BIble schools today. Quite number of local boys and girls enrolled for the four weeks' The high school graduation program was most last Friday night. In company with Ruth W. our school tended and saw 232 happy young men and young women get their diplomas. Some are going to college and others will enter immediately upon careers. St. Petersburg has another convention in the offing.. The Florida State Peace Officers association will meet here in 1931. Citizens are still being called upon to pay their back taxes and help the city meet its bond obligations. Beach parties, an occasional dance and a pienic every Thursday afternoon are few of the many enjoyments of my summer here. And, folks, lot of people who had planned to spend their vacations up north have decided to stay right here in St. Petersburg, enjoying its recreational facilities, its beaches and its unexcelled fishing. must close for this time. Yours, MA SUNSHINE
11.June 11, 1930Tampa Bay TimesSt. Petersburg, FL
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Anderson Raises Hope For First Reorganization took charge the assets of the First National as receiver for the comptroller of added that institution yesterday when he said that he had come here structions to do everything possible to effect reorganization of the holders and directors Officers hopeful for the preferable to of the Mr Anderson's tions to effect of bank people of in to the depositors the (Continued Page 2. Column
12.June 16, 1930Evening StarWashington, DC
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FLORIDA BANKING SITUATION CLEARS No Further Failures Are Expected by Officials of Treasury Department. By the Associated Press. Quiet has been restored on Florida's banking front and no further failures are anticipated by responsible officials of the Treasury Department. Mob hysteria rather than any serious economic upheaval has been, these officials say, responsible for the latest flurry of failures. A small group of depositors in a State bank section where conditions were not of the strongest grew alarmed and withdrew their funds. Others followed suit in a manner that soon grew to the proportions of an avalanche, and the closing of lowed. the institution's doors inevitably folOne national institution suffered in the latest series of difficulties, the First National Bank of St. Petersburg, whose directors have turned the institution over to the Controller of the Currency for reorganization. This institution boasted deposits of approximately $6,000,000, of which approximately twothirds was withdrawn during the recent difficulties. Treasury officials are unable to state at this time how the institution will fare in the final analysis as official accounting reports have not been returned to date. Conditions peculiar to Florida territory have been, in large measure, responsible for the abnormal number of failures there in recent years. The real estate boom of several years ago dealt a blow from which the section has never fully recovered. This was followed by a series of tornadoes which wrought further havoc and lately the fruit fly has, in many cases, wiped out entire crops, some already harvested, on which heavy loans had been placed.
13.June 17, 1930Tampa Bay TimesSt. Petersburg, FL
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Ma Sunshine's Letter
Gossipy Letter in Which Ma Sunshine Tells the Folks up North All About Happenings in St. Petersburg
The Sunshine City, June 16, 1930.
Dear Folks: There's been so much news in Petersburg the past few that hardly know where to start, However, the whole town talking about Noel Mitchell, former mayor, who returned hastily from New York to tell the police department what he knows of the death George W. Council, charred body found in the ruins of his home Sunday, June About week ago police dug up some evidence and Mitchell's name was brought into the affair. The police think Council was murdered, although examination of the body failed show signs of foul play. Mitchell heard that his name had been linked with the case, grabbed the first southbound train out of New York and came home. Carl Lambdin, who is about one the best criminal in the state, and who loves delve into murder mysteries, was engaged as Mitchell's He met the former mayor in Plant City and heard him tell practically the same story told The Times telephone two nights So morning Carl brought Mitchell to the inquest, and Mitchell told his story again. He admitted that he was with Council on the fatal Sunday, but declared he left Council about o'clock and never saw him alive The missing Council gun was found in Mitchell's home and the former mayor told the police that he took from Council after loanhim $10 to go to Tampa. The on case has been turned over to the grand jury for further investigation. Mitchell says he will in next year. Sunday Charles Harman, likable who was member of the high school graduating class, was killed motorcycle accident near BarJudge A. K. Cook, an attorney, found dead in rocking chair in his room local hotel Sunday, victim of heart failure. Many friends mourn the passing of Judge The city commission will be busy the next few making ready the new budget for next year, and then on July the new and two new commissioners will take office. What's in the offing, then, the matter of much at city hall. Smiley, who sometime ago resigned as justice of the peace, will just tomorrow.' It will then be up to Governor Carlappoint suppose you read Monday that President will sign the tariff bill. The will affect Tarpon Springs in big degree for provides per cent increase the sponge duty. This give the little Pinellas county town better to with Havana for the growing American sponge trade.
W. Floyd. service manager at Motor company, almost flew to Atlanta Sunday in his Ford. He made the long trip hours and 25 minutes, his previous record for the trip by more than one hour. Long lines stood in front of The First National Bank today as the federal bank receiver opened the doors allow persons to get to their safety deposit boxes and receive their statements. The bank, closed week ago, Efforts to reorganize and again open this popular old bank are movrapidly forward. Next Saturday will be Children's day under proclamation issued by Mayor Arthur R. Thompson. Some plans will probably be made this week for its observance. St. Petersburg gets world of publicity in the June number of the Municipal Record. periodical devoted to the affairs of Florida municipalities. This month's issue the convention number, dedicated to
St. Petersburg because the convention held here late in June, flag day sale here Saturday netted $150 for the benefit of veterans. This week we will have our annual Sun celebration, fete which calls for big parade, dance and the selection of queen. Many of the most comely maiden of the city are in the race for the royal honor and it's yet matter of speculation as be the victor. The parade, coronation of the queen, the dance will take place Thursday and tell you all about Friday letter. Un. til then, Yours, MA SUNSHINE.
14.July 16, 1930The Tampa TribuneTampa, FL
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At Other Ports
BALTIMORE July and On the Crest of Blue Ridge in a Jacksonville natural Park of nearly 300 acres, July in the "Land of the Sky.' One of and the South's most beautiful resorts. for Large lake for fishing, boating and swimming. Golf, tennis, horseback NEW BANK RECEIVER NAMED riding, dancing, baths and massaging under experts. Excellent H. J. Spurway A. M. Anmeals, choice music, polite service, derson as for the closed First reasonable rates. Several cottages National bank Mr. Anderson becomes for rent. Open June 15. for the First National bank at Major D. C. Woodward, Mgr. St Petersburg. Mr. Spurway comes from Iowa.
15.December 22, 1930The Miami NewsMiami, FL
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ST. PETERSBURG BANKS PAYING OUT
Depositors of One Are Given Payment in Full
ST. closed last the Depos the First full and the First bank are receiving checks for 15 per cent their The First Security bank opened deposits frozen January. 1932. took the today ing frozen sooner than for the First National paying $622,000 the dent representing 15 per cent.
16.December 22, 1930The Stuart NewsStuart, FL
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BANKERS TRUST IN PHILA FAILS, ALSO MIAMI CITY NAT'L
Withdrawals Are Blamed For Closing of Big Institution in East
DIVIDENDS FOR ST. PETE
One Receiver is Paying Off in Full and Another 15 Per Cent
PHILADELPHIA, Dec. 22. (/P)The Bankers Trust Company and its branches in this city closed today by order of Peter Cameron, secretary banking. "Steady seepage" of deposits, due to withdrawals the past few days, was given as cause of the State's action. The bank was said by its president to be solvent but it had been harrassed by withdrawals the 19 branches scattered throughout the city. The last statement showed deposits of more than $45,000,000 and assets of $55,000,000.
ST. PETERSBURG, Dec. 22. Depositors in two banks closed here last summer today were receiving payments from the receivers. Depositors in the First Security Bank are being paid in full and depositors in the First National are receiving checks for 15 per cent of their deposits. The first security was reopened with 75 per cent of the deposits frozen until January 1932. The new bank, Union Trust Compony, took over the reopened bank today and is paying the frozen deposits sooner than was promised. The First National receiver is paying a total of $622,000 in his first dividend.
MIAMI, Dec. 22. ment of the closing of the City National Bank, Miami's second largest financial institution, was made early today board directors. The board resolution said that heavy withdrawals "due to malicious rumors" regarding the bank's condition, were responsible for the closing. It was announced that the City National Bank of Miami Beach, the City Trust Company and the Guardian Trust Company, subsidiaries of the City National Bank in Miami, will not be affected by the closing. The statement dated September 24 gave resources of $7,000,000; deposits $5,800,000, with a surplus of $500,000. The bank was capitalized at $500,000. The Comptroller of the Currency has been requested to assume charge of the institution. Heavy runs developed on three other local banks but the erowds were orderly Officers said they had sufficient money in their vaults or on the way here to meet the demands of the depositors.
MIAMI, Dec. D. Keefer, liquidator of the Miami Beach Bank and Trust Company, has received state comptroller's warrants in payment of second 5 per cent dividend, be announced today. They will be paid to the closed bank's depositors presenting liquidator's ertificates of
Flor500,000 contri-
17.January 29, 1931Tampa Bay TimesSt. Petersburg, FL
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BANK RECEIVER SUES OHIO MAN
Suit for $18,000 Filed by A. M. Anderson as Stock Assessment
Suit for $18,000, balance sald to be due on his stock assessments from the defunct First National bank was filed in United States-district court in Cincinnati Wednesday against Charles C. Benedict, capitalist who had considerable property holdings here during the boom. Notice of the suit was received late Wednesday night from Cincinnati and was verified here by Attorney Arthur W. Thompson who is representing A. M. Anderson, receiver for the closed bank. Benedict, heavily interested in Cincinnati real estate, paid without question $6,000 upon the claim made by A. W. Pole, United States bank comptroller in July, 1930 using as the basis of his assessment the sum of $24,000 which was levied on Benedict's alleged holdings of 240 shares of the capital stock of the St. Petersburg bank. Anderson, in his petition filed in the federal district court of Judge Robert M. Nevin, Cincinnati, charges Benedict has failed to respond to further demands for payment of the balance amounting to $18,000.
18.April 4, 1931Tampa Bay TimesSt. Petersburg, FL
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COURT FAVORS BANK RECEIVER IN MIAMI SUIT
U. S. Judge Rules City Did Not Have Preferred Claim on First Assets
An opinion favorable to A. M. Anderson as received of the First Na. tional bank of Petersburg was handed down by Judge Akerman in the United States district court Tampa Friday the case of the City of Miami First National Bank of St. Petersburg and A. M. formation received by Arthur R. Thompson. general counsel for the receiver. Suit had been instituted by the City of Miami against the bank and the receiver seeking to establish as preferred claim the amount of check which had been drawn on the closed bank by depositor in favor of the City. of Miami. The check was transmitted through collecting bank in the ordinary course of business and reached the payee bank prior to the closing thereof and was charged to the account of the person who drew the check and
19.November 1, 1931Tampa Bay TimesSt. Petersburg, FL
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SIXTH STREET PROPERTY SOLD TO RUTLAND CO.
Deal Consummated By First National Bank Receiver Involves $50,000
Sale of the property at the southwest corner of Central avenue and Sixth street to Rutland Co., Inc., was announced Saturday by A. M. Anderson. receiver for the First National Bank & Trust company. The property, fronting 80 feet on Central avenue and 100 feet on Sixth street, is known as the SchooleyMurphy While the consideration in the transaction was not announced, it is understood that it was in excess of $50,000. Negotiations for the sale, which has been pending for many weeks, were conducted by B. R. Colley, employed by the receiver to assist in supervising, controlling and selling real estate being liquidated. The new owners will take possession of the property at once. "The sale of this property to the Rutland company, a local corporation, which owned by residents of St. Petersburg. indicates that local people believe that the purchase of business property in St. Petersburg. at current prices, represents a good investment," Colley said. The property was bought by the Rutland company as an investment and the present tenants will not be disturbed. It understood that the company will not make any changes in the building at this time but will undertake to make changes and improvements on the property as the growth of the city justifies. Hubert Rutland is president of the company and is the principal stockholder. He also is president of the Rutland Clothing company and the principal stockholder of that company. The receiver's office said recent sales of real estate have been made to a number of persons and firms.
20.May 22, 1932Tampa Bay TimesSt. Petersburg, FL
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WILL SHARE IN BANK DIVIDENDS
Approximately $538,000 will be in St. Petersburg within the next six weeks with the ment 12½ per cent dividend the general creditors the Central National Bank Trust Co., and dividend per creditors of the First National Depositors of the Central Na. tional Trust receive approximately $248,000 within days, while about 45 days approximately $290,000 will be made available deposiFirst National bank. total about 18,500 dividend released the two banks, approximately 11,000 by the First bank and about 7,500 by the Central tional Bank and Trust Co.
21.August 28, 1932Tampa Bay TimesSt. Petersburg, FL
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AGED MAN DIES PAUPER, HAD FORTUNE
G. W. Clark Carrier Riches In Coat But Depended On Neighbors for Food
The story of 76-year-old man who carried with him, sewed the linings of his clothing. fortune in cash and securities but who died pleading pauper was revealed here Saturday. Living alone in "shack" at Tenth avenue south and depending his neighbors for food, George W Clark requested admittance to Mound Park hospital as charity patient Aug. and died short time later, was learned. Among his effects hospital authorities found cash, stocks and bonds of an unknown amount. Now appraisers are checking on the aged man's determine his actual worth and efforts are being made locate all his immediate kinsmen. Two brothers have been found, one West Haven, Conn., and another Toronto, Can. Clark said have lived Flor. ida for the past 20 years, and most of that time spent in St. Petersburg, persons familiar with the case
He came here from Canada. The Endicott Funeral home given charge of the body when Clark and relatives north quested the aged recluse be buried On Aug. the body terred in Royal Palm cemetery Later the case was placed before County Judge Harry Hewitt, named M. Endicott curator for the estate, with Wilson and Bogue attorneys. Although the exact value Clark's estate has not been determined, was estimated that "good times" was worth $50.000 and $100,000 in cash and securities, and "played the stock market regularly," those close to the case said. Investigation revealed that Clark lost approximately in the closing of the First National bank and the defunct Central National bank. He had $500 monthly annuity from Bogue, one of the attorneys the In addition he had stock certificates several leading motor sues totaling thousands dollars, with an unestimated amount of bonds. Bogue placed the man's wealth his tween $15,000 and $20,000, in stocks and bonds on the present day market.
Bogue said that an investigation at the man's "shack" after his death revealed evidence that he had been hoarding his little fortune his large needle was found. The two brothers located were John Clark, West Haven, Conn., and Thomas Toronto.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
