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Bank at Shreveport Suspends Business SHREVEPORT, La. Feb. 14-(P) -The Exchange National Bank and the Exchange Bank and Trust company, which had been in business here more than ten years, failed to open today. Notices posted on the institution's front door read "Business suspended by order of the board of directors, pending reorganization."
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Member of Tax Repeal Washington, Feb. Annabel Mathew, of Gainesville, Ga., formally became member the board of tax appeals with another confirmation of her name by the senate. After the senate once had approved the nomination of the feminine tax expert to the board hitherto composed only of men, the action was rescinded for reconsideration. senate committee recommended favorable action and that was tak yesterday without record vote. However, the appointment opposed by Couzens, of Michigan, and La Follette of Wis consin, both republicans on the ground that no members of the board should be appointed from the internal revenue bureau. Shreveport Bank Closes Shreveport, La., Feb. The Exchange National Bank and MRS. The Exchange Bank and Trust company failed to open here. While official statement has been issuby officers of the two institutions, is believed the the banks home solvent and have been closed purposes.
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FEDERAL EXAMINER CONDITION Conference of Financial Leaders Continues in Effort to Protect Depositors. Jacob Embree, federal bank aminer, Dallas, Texas. arrived in Shreveport Saturday morning conduct of the fairs of Exchange National Bank and Exchange Bank and Trust Company, which failed open Friday. Examiner Saturday went conference with officials the bank. No statement given out by the officials of the bank to definite plans for reorganization. on the bank situation were in progress Saturday and may continue until definite plan for the to protect depositors worked Leading bankers in the city attending these In the meantinme the bank has business. So far statement has been given out officials the bank to the exact cause for the closof the bank except that had been ordered the directors "pending Assurance has given that all depositors would protected. Randle Moore, chairman the board directors of the Commercial National Bank. who has been of the conferees representing other banks seeking work plans for Enchange Banks, urday that the conferences will continue through Saturday and Continued Column 1.