1.
July 6, 1929
The Decatur Daily
Decatur, AL
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THIRD BANK CLOSED TODAY; HEAD DROWNED
Woodlawn Savings Ends Run By Its Depositors
AGENT PUT IN CHARGE
Heavy Loans Said To Be Outstanding And Frozen
VINCENT, Ala., July A. W. Bell. president of the Woodlawn Savings Bank. which closed its doors this morning. drowned in the Coosa river near here, shortly betoday, while swimming fore noon with party of friends. The body had not been recovered early this Dr. Bell came here this morning to spend the week-end on his plantaand the plantation tion. son foreman were in swimming when he arrived and he joined them. Shortafter entering the water, he went down and did not reappear. Vincent is 20 miles from Woodwhich is in the Birmingham lawn, Bell is native of Shelby Dr. county and has been resident of for He helpBirmingham years. ed organize the Woodlawn bank in engaged in number 1914 and was of business enterprises besides his active practice. elected to the Jefferson He was county board of revenue at the last Surviving are the widow election. and three children.
Ala., Woodlawn Savings Bank closed its doors this morning upon order of Dr. W. Bell, president, following the withdrawal of several The Woodlawn large accounts. was the third close its doors bank the Birmingham district within in the past two weeks. Withdrawal of large accounts had been going on for the past week. Robertson, teller of the bank. said and was deemed wise to today. close the bank to protect the small depositors. Judge E. Thomas, state banking when informed the bank's closing, said H. Foote, state examiner. would take charge of affairs of the institution immediately. Judge Thomas said the bank closed because of so many heavy outstanding loans that could not be converted into ready cash. The bank was organized in November. 1914, with capital stock of $50,000 and surplus of $35,000 Other banks to close here recently were the Avondale Bank and Savings Company and the City Bank and Trust run on the Southside Bank, following the closing of the Woodlawn bank, caused temporary closing that institution also today. Officials said the bank would re-open Monday morning.
THOMAS TO SCENE MONTGOMERY. Ala., Thomas, state superintendent of banks, announced today that he would immediately to take charge the banking situation at Birmingham. following ing of two more banks there today.
2.
July 7, 1929
The State Journal
Frankfort, KY
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TWO BANKS ARE CLOSED IN ALABAMA
BIRMINGHAM. Ala., July 6 (By A )-Affairs of two banks that closed today. bringing to a total four banking institutions that have failed to open in the Birmingham district within the past ten days, were under investiga tion of the state banking officials to night. Meanwhile searching parties were doubling their efforts to locate the body of Dr. A. W. Bell, president of the Woodlawn Savings Bank, one of the institutions that closed today. Dr. Bell was drowned this morning in the Coosa river near Vincent, Ala., Dr. Bell was reported to have gone in swimming with a party of friends shortly after he arrived at his country place for the week end. The report of the closing of the Woodlawn Bank caused a run on the Southside Bank which prompted offi cials to order its doors closed. Offi cials of the Southside Bank said that closing was temporary and that the bank would re-open for business Mon day morning Mild runs started at other banks The runs were halted in most in stances when officials announced that all depositors wishing to withdraw their funds would be paid promptly. The banks closed last week were the City Bank and Trust Company and the Avondale Bank and Savings Com pany. John R. Wallace, cashier of the Avondale Bank and Savings Com pany died the day before the bank closed from a bullet through his ab domen. said by members of his fam ily to have been accidentally inflicted
3.
July 7, 1929
The Salisbury Post
Salisbury, NC
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Two Alabama Banks Closed Sat.; Of Official Is Sought
Birmingham. Ala., July affairs banks which closed today bringing total four banking institutions which have failed open in the Birmingham district the past ten days, under the state banking officials tonight Meanwhile were redoubling efforts locate the body Dr. Bell. dent the Woodlawn Savings bank. one of the institutions which closed today drowned this morning the Coosa river Vincent. Ala Dr. Bell reportto have gone swimming party of friends shortly after he arrived his country place for the week end The report of the closing of the Woodlawn caused run on the Southside bank which prompted officials order its doors closed Officials the Southside bank said that closing temporary that the would open for business Monday morning.
4.
July 7, 1929
Sunday Times Signal
Zanesville, OH
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2 MORE BANKS IN BIRMINGHAM TO CLOSE
Closing of Two Other Institutions Started Run of Other Banks
Birmingham, Ala., July 6. Affairs of two banks which closed today, bringing to total four bankwhich have failed to open the Birmingham district within the past ten days, were under investigation of the state banking officials Meanwhile, searching parties were their efforts locate the formerly body of Dr. W. Bell. president of the Woodlawn Savings bank. one of the institutions which closed today Dr Bell drowned this morning in the Coosa river near Vincent. Dr Bell was reported to gone in with of friends shortly after he arrived at his country place for the week-end The report of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed Officials of the Southside bank said that was temporary and that the bank re-open for business morning As the report spread throughout flowers. the district, mild runs started other banks. The runs were halted in most instances when officials anthat all to withdraw their funds would be paid promptly Judge C. Thomas. state super intendent of banks, arrived tonight from Montgomery to take charge of the banking situation here He at tributed the closing the Woodand the Southside banks today ing of the two banks last week.
5.
July 7, 1929
The Springfield Daily Republican
Springfield, MA
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OFFICIALS PROBE CLOSING OF TWO ALABAMA BANKS
Total of Four Institutions Now Failing to Do Business -President Drowns Cashier Dies of Wound
Birmingham. July Affairs banks which closed bringing total four banking institutions which have failed to open Birmingham district within the in the days, were under investigation of the state banking officials tonight. parties were locate the body of Dr president of Woodlawn Savings bank. one of the institutions which closed who drowned this morning in Coosa Dr Bell reported to have place the week try Closing Starts Run
The report of the closing bank caused on the Southside bank, which prompted cials order its doors Officials the bank said that closing temporary and that the bank would be open Monday the the mild started other halted most instances officials nounced that all withdraw their funds would be paid Thomas, state superintendent attributed closing of the and banks today runs by the closing of the banks last The banks closed week were the Bank Trust company and the Bank and company. Lassiter, president both institutions New York hospital where he the closing of news banks.
Dies From Bullet Wound
John Wallace, cashier of the the the bullet his by members family been accidentally inflicted when dropped the he handling pistol floor discharged. Coroner rendered verdict of acciRussum dental Plans and the Bank and Trust opening City today and Roderick Beddow member directors attorney for the board announced that more than the stock proposed bank had been for the reorganized subscribed. Southside and Woodlawn banks capitalized The bank and the Avondale bank $25,000.
6.
July 7, 1929
Arizona Daily Star
Tucson, AZ
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Bank President Drowns As Institution Doors
Ala., July (AP) BIRMINGHAM. -Affairs of banks which closed today, bringing total of four banking institutions which have failed to open in the Birmingham district within the past ten days, were under investigation of the state banking officials tonight. Meanwhile parties were doubling their efforts to locate the body of Dr. A. W. Bell, president of the Woodlawn Savings bank. one of the institutions which closed today. Dr. Bell drowned this morning Coosa river near Vincent, He was reported to have gone swimming with party of friends shortly after arrived at his country place for the The report of the closing of the Woodlawn bank caused run the bank which prompted officials order its doors closed. Officials of the Southside that closing temporary and that the bank would reopen Judge superof banks, tonight from to take charge the banking here. He attributed the closing of the Woodlawn and Southside banks today to precipitated by the closing the two banks last The banks closed last week the City Bank and Trust company and the bank and savings company president both institutions is New York hospital where collapsed receiving news of the closing John cashier the Avondale bank and savings died the day before the bank closed from bullet through abdomen, by members his family have been inflicted when pistol he handling dropped Coroner Russum verdict of accidental death.
7.
July 7, 1929
Evening Star
Washington, DC
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SEEK BODY OF BANKER. President of Woodlawn Savings Drowns While Swimming. BIRMINGHAM, Ala., July 6 (AP).-Affairs of two banks, which closed today, bringing to a total of four banking institutions which have failed to open in the Birmingham district within the past 10 days, were under investigation of the State banking officials tonight. Meanwhile, searching parties were doubling their efforts to locate the body of Dr. A. W. Bell, president of the Woodlawn Savings Bank, one of the institutions which closed today. Dr. Bell drowned this morning in the Coosa River, near Vincent, Ala. Dr. Bell was reported to have gone in swimming with a party of friends shortly after he arrived at his country place for the week end. Starts Run on Another Bank. The report of the closing of the Woodlawn Bank caused a run on the Southside Bank, which prompted offcials to order its doors closed. Officials of the Southside Bank said that closing was temporary and that the bank would re-open for business Monday morning. As the report spread throughout the district, mild runs started at other banks. The runs were halted in most instances when officials announced that all depositors wishing to withdraw their funds would be paid promptly. Judge C. E. Thomas, State superintendent of banks, arrived tonight from Montgomery, to take charge of the banking situation here. He attributed the closing of the Woodlawn and Southside Banks today to runs precipitated by the closing of the two banks last week. President of Bank Collapses. The banks closed last week were the City Bank & Trust Co. and the Avondale Bank & Savings Co. J. B. Lassiter, president of both institutions, is in a New York hospital, where he collapsed after receiving news of the closing of the banks. John R. Wallace, cashier of the Avondale Bank & Savings Co., died the day before the bank closed, from a bullet through his abdomen, said by members of his family to have been accidentally inflicted when a pistol he was handling dropped to the floor and discharged. (Continued on Page 2, Column 5.)
8.
July 7, 1929
Clarion-Ledger
Jackson, MS
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TWO MORE BANKS ALABAMA CLOSE
Birmingham Section Has Had Four Institutions to Close in Ten Days
Ala., July affairs two banks which closed today, bringing to total four banking which have failed to open in the Birmingham district within the past ten days, were under investigation the state banking officials tonight. Meanwhile, searching parties redoubling their efforts locate the body of Dr. W. Bell, president of the Woodlawn Savings bank, of the institutions which closed today, who drowned morning in Coosa river near Vincent, Ala. Dr. Bell reported to have gone in swimming party of friends shortly after he arrived at his country place for the week end. The report of the closing of the bank caused on Southside bank, which promptofficials to order its doors closed. Officials the Southside bank said that closing was temporary that the bank would open for busimorning. As the spread throughout the district, runs started at other banks. The runs were halted most when officials that all depositors wishing to withdraw their funds would paid promptly. Several banks posted announcements that they would open late tonight necessary in those seeking withdraw deposits. Judge Thomas, state superintendent of banks, will arrive Monday to take charge of the banking situation here. attributed closing Woodlawn and Southside banks today to runs precipitated by the closing of two banks
9.
July 7, 1929
The Star Press
Muncie, IN
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Birmingham Has Flurry and an Investigation.
Birmingham, Ala., July fairs of banks which closed day bringing total four banking institutions which have failed to open the district within the past ten days, were under investigation tonight. Meanwhile searching parties were doubling their efforts to locate the body of Dr. Bell, president of the Woodlawn Savings Bank, one institutions which closed today. drowned morning in Ceosa Vincent, Ala. He have party friends shortly country place for Runs on Other Banks.
The report the closing of the Bank caused the Southside Bank which reported ficials ficials the said that closing temporary the bank for business Monday. Mild runs started other banks. The runs halted most when officials announced depositors wishing withdraw their funds would closed last the City Bank Trust Avondale Bank and Savings Company Lassiter. hospital, where ceiving news of the closing of the banks.
Cashier Dead of Bullet Wound.
John Wallace cashier of the and died the closed bullet his said members family accidentally inflicted pistol handling dropped the floor and discharged. Coroner Russum rendered verdict of cidental death. Plans for and opening the City Bank Trust today Woodlawn banks The City Bank had capital and the Avondale Bank
10.
July 7, 1929
Tampa Bay Times
St. Petersburg, FL
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FOUR ALABAMA BANKS CLOSED
State Department Investigates Situation in Birmingham
July affairs of two banks which closed today. bringing total four banking institutions which have failed open in the Birmingham district within the past 10 days, were under investigation the state banking officials tonight. Meanwhile searching were redoubling their efforts to locate the body Dr. W. Bell, president the Woodlawn Savings bank. one the institutions which closed today. drowned this morning in the Coosa near Vincent, Ala. Dr. Bell was reported to gone in party of friends shortly after he at his country place for the week The report of the closing of the run on the Southside bank, which prompted officials its closed. Officials of the bank said that closing was temporary and that the bank would open for business Monday morning As the report spread throughout the district mild runs started other banks. The runs were halted in most when anthat all to their funds would paid promptly. banks post ed that they would remain open late tonight order those to withdraw deposits. Judge C. Thomas, superof banks, tonight from Montgomery to take charge of the banking He the the Southside banks today precipitated by the closing of the banks week. The closed last week were the City Bank company and the Bank and Savings of both institutions New York hospital where ter receiving news of the closing of John R. Wallace. cashier of the Avondale Bank Savings company. died the day before the bank closed from bullet wound through this abdomen, said by members his family ally inflicted when pistol he handling dropped to the floor and discharged Coroner Russum rendered verdict of accidental death. Plans for reorganization and opening of the City Bank Trust company completed today and Roderick member the board directors and attorney for the institution. more than the $250,000 stock proposed reorganized bank had been He said the bank reopen early next week. The Southside Woodlawn banks capitalized The City Bank had capitalization and the Avondale bank $25,000.
11.
July 7, 1929
Austin American-Statesman
Austin, TX
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Develops Strength
Dr. A. W. Bell Disappears While Swimming in River At Country Home
To Reopen Monday
Cashier Died of Bullet Wound Day Before House Closed
By the Associated Press BIRMINGHAM, Ala., July 6.Affairs of two banks which closed today, bringing to total four banking institutions which have failed to open in the Birmingham district within the past 10 days, were under investigation of the state banking officials tonight. Meanwhile searching parties were doubling their efforts to 10cate the body of Dr. A. W. Bell, president of the Woodlawn Saving bank, one of the institutions which closed today. Dr. Bell drowned this morning in the Coosa river near Vincent, Ala. Dr. Bell was reported to have gone in swimming with party of friends shortly after he arrived at his country place for the
Run Causes Closing The report of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed. Officials the Southside bank said that closing was temporary and that the bank would re-open for business Monday morning. As the report spread throughout the district, mild runs started other banks. They were halted in most instances when officials that all depositors wishing to withdraw their funds would be paid promptly. Judge C. E. Thomas, state superof banks, tonight from to take charge the banking here. tributed the closing of the Woodlawn and Southside banks today runs precipitated by the closing of the two banks last week. Another in Hospital
The banks closed last week were the City Bank and Trust company and the Avondale Bank and Sav. ings company. Lassiter, pres. ident of is New York hospital where he collapsed after receiving news of the closing of the banks. John R. Wallace, cashier of the City Bank and Trust company died the day before the bank closed from bullet through his abdomen, said by members his family to have inflicted when pistol he handling dropped to the floor and discharged. Coroner S. Russum rendered verdict of accidental death. Plans for reorganization and reopening of the City Bank and Trust company were completed today and Roderick Beddow, member of the board of directors and attorney for the that than $125,000 of the $250,000 stock proposed for the reorganized bank had been He sald the bank propably would reopen early week. Southside and Woodlawn banks were capitalized $50,000. The capital of $50,000 and the vondale bank $25,000.
12.
July 7, 1929
The Owensboro Messenger
Owensboro, KY
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FOUR BANKS CLOSE IN BIRMINGHAM
State Association Begins Investigation; Head of One Institution Drowns
Birmingham, Ala., July 6. (AP)Affairs of two banks that closed joday, bringing to a total four banking institutions within tthe past ten days, were under investiration of the state banking offiMeanwhile searching parties were doublling their efforts to logate the body of Dr. A. W. Bell, president of the Woodlawn Savmgs bank, one of the institutions that closed today. Dr. Bell drownded this morning in the Coosa river near Vincent, Ala. Dr. Bell was reported to have gone in swimming with a party of friends shortly after he arrived at his country place for the week end. The report of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed. Officials of the Southside bank said that closing was temporary and that the bank would reopen for business Monday morning. Mild runs started at other banks. The runs were halted in most instances when officials announced that all depositors wishing to withdraw "their funds would be paid promptly. The banks closed last week were the City Bank and Trust Co. and the Avondale Bank and Savings company. John R. Wallace, cashier of the Avondale Bank and Savings company, died the day before the bank closed. from a bullet through his abdomen, said by members of his family to have been accidentally inflicted.
13.
July 7, 1929
The Capital Times
Madison, WI
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4 Banks Closed In Birmingham Area
President of One Drowns In River; State Investigates Situation
BIRMINGHAM, Ala. (AP) Affairs of two banks which closed Saturday, bringing to total four banking institutions which have failed to open in the Birmingham district within the past ten days, under investigation the state banking officials Saturday night. Meanwhile searching parties were hunting the body of Dr. A. W. Bell president of the Woodlawn Savings bank, one of the institutions which closed Saturday. Dr. Bell drowned Saturday morning in the Coosa river. Dr. Bell was reported to have gone in swimming with party of friends. The report of the closing of the Woodlawn bank caused a run on the Southside bank which prompted to order its doors Officials of the Southside bank said the bank would reopen Monday.
14.
July 7, 1929
Sunday News
Lancaster, PA
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Probe Closing Of Four Banks
One President Second Accidentally Kills Himself
Birmingham, Ala., July Affairs two banks which closed day, bringing total four the banking which failed open in the Birmingham district wthin past ten under vestigation the state banking tonight. searching parties were doubling efforts the body Bell, president of the Woodlawn Savings of the institutions which closed today. who drowned this morning the Coosa River Vincent. Dr. Bell was reported have gone swimming with friends shortly arrived his country place for The report of the closing of the Woodlawn on the Southside Bank prompted ficials order its closed. cials the Southside Bank said that closing temporary that bank would be open for business Monday morning. report spread throughout the district, mild runs started at other banks. Judge Thomas, state superintendent of from Montgomery banking here. He attributed the closing the Woodlawn and Southside banks today precipitated by the closing of the two banks last week The banks closed last week were the City Bank Trust Company the Bank and Savings Company. president both New York hospital where he after news the banks. John of cashier the Avondale Bank and Savings died the day before the bank closed from bullet through his by members his family to have been accidentally inflicted when tol handling dropped rendered verdict of accidental death.
15.
July 7, 1929
The Spokesman-Review
Spokane, WA
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ALABAMA BANKS IN WIDE PROBE
Four Fail to Open Doors in Birmingham District in 10 Days.
OFFICERS IN MISHAPS
One President Drowns and An- other Collapses-Cashier Dies in Accidental Shooting.
BIRMINGHAM Ala., July 6. (AP) Affairs of banks which closed today, bringing to a total of four banking institutions which have failed to open in the Birmingham district within the last 10 days, were investigation of state bankofficials Meanwhile, searching parties doubling their efforts cate the body of Dr. W. Bell, president of the Woodlawn Savings bank, one of the institutions which closed today Dr. Bell drowned this morning in near Vincent, He was reported to have in swimming with a party of friends shortly after he arrived at his country place for the week-end. The report of the closing of the Woodlawn caused run on Southside prompted officials to order its doors closed. Officials of the bank said that closing was temporary and the bank would reopen for business Monday morning As the report spread throughout the district, mild runs started other banks. The were halted in most instances when officials that all depositors wishing to withdraw their funds would be paid promptly The closed last week were the City Bank and Trust company and the Avondale Bank and Savings company. B. Lassiter, president of both institutions, is in New York hospital, where he collapsed after receiving news of the closing of the banks. John R. Wallace, cashier of the
16.
July 7, 1929
The Pantagraph
Bloomington, IL
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BANK FAILURES INVESTIGATED
Closing of Two Georgia Banks Makes Total of Four in Last 10 Days.
Birmingham, Ala., Affairs of two banks which closed Saturday, bringing total four banking institutions which have failed to open in the Birmingham district within the last 10 days, were under investigation of the state banking officials Saturday night. Meanwhile searching parties their efforts to lothe body of Dr. president of the Woodlawn bank. the institutions which Drowns While in Swimming. Dr. Bell was drowned Saturday the Coosa river Vincent, He was reported gone with party of shortly after arrived his country place for weekend. The report of the closing of the Woodlawn bank caused run on the Southside bank which officials order its Officials of the Southside bank said that closing was temporary and that the bank would reopen for business Monday morning Runs Start on Other Banks. the report spread throughout the district. mild runs started other banks. The runs were halted in most when that all depositors wishto withdraw their funds would be paid promptly. Judge Thomas, state superintendent of banks, arrived day night from Montgomery charge the banking situation here. He attributed the closing the Woodlawn and Southside banks runs precipitated by the closing of the two banks last week. veloped by business. Here is the large state university, industrial business concerns, hospitals and numerous health resorts This largest city the state sometimes called "The Health Center of the Continuing south on highway 85, the tourists arrive Los Lunas. routes offer themselves here. One, 66, running west, eventually leads to Gallup, nearly on the western border of the state On this route, magnificent drive, the Continental Divide crossed near Thoreau. Cliff dwellings are seen in the Chaco canyon, and all along the route one sees the remnants of once great the race, Pueblo Indians. At Gallup one of the est irrigation dams in the country Lava beds, petrified forests, nat ural bridges and other scenic wonders are found close by. Noted Resort Center. The second route, continuation highway 85, terminates Hot Springs, famed health resort. Fishing abounds in this district. Another road on south Las Cruces on the way to El Paso, Tex. At this southern terminus, the tourist strikes northeast on United States highway 366, through arid climate into Roswell, the site of Hondo dam. South on state highway eventually brings the tourist into Carlsbad. home of the famous Carlsbad
17.
July 7, 1929
Star-Herald
Scottsbluff, NE
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FOURTH BANK FAILURE WITHIN 10 DAYS CAUSES REAL DIFFICULTIES FOR OTHER NEARBY INSTITUTIONS
President of One of Banks Hunt Made for Body
REPORT OF FAILING IS SIGNAL FOR BANK RUNS
Alabama Government Is Making Exhaustive Investigation Into Latest Affairs.
Birmingham, Ala., July fairs of banks which closed today, bringing total of four banking institutions which have failed to open in the Birmingham district within past ten days, were under investigation the state banking officials tonight. Meanwhile searching parties were doubling their efforts locate the body of Dr. Dell, president the Woodlawn Savings bank, one the institutions which closed today Dr. Bell drowned this morning the Coosa river near Vincent, Ala. Dr. Bell was reported to have gone with party of friends shortly after he arrived his counplace for the week end. May Reopen Monday The report of the closing of the Woodlawn bank caused the Southside bank which prompted officials order its doors closed. Officials of the Southside bank said that closing was temporary and that the bank would open for business Monday morning. the report spread throughout the district, mild runs started at other banks. The runs were halted in most instances. The banks closed last week The City and Trust company the Avondale Bank and Savings company. Lassiter, president both institutions New York hospital where after ceiving news of the closing of the banks. John R. Wallace cashier of Avondale Bank Savings Co., the day before the bank closed from bullet through his abdomen, said members of his family to have been accidentally inflicted.
18.
July 7, 1929
Evansville Courier and Press
Evansville, IN
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STATE OFFICIALS PROBE CLOSING OF 4 ALABAMA BANKS
President of One Institution Drowns and Cashier of Another Dies From Wound
BIRMINGHAM. Ala., July 6.-(AP) -Affairs of two banks which closed today. bringing to total four banking institutions which have failed to open in the Birmingham district within the past 10 days, were under investigation of the state banking officials tonight. Meanwhile searching parties were doubling their efforts to locate the body of Dr. A. W. Bell, president the Woodlawn Savings, one of the institutions which closed today Dr Bell drowned this morning in the Coosa river near Vincent, Ala., Dr. Bell was reported to have gone in swimming with party of friends shortly after he arrived at his country place for the week-end The report of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed Officials of the Southside bank said that closing was temporary and that the bank would reopen for business Monday Mild runs started at other banks The halted in most when officials that all depositors wishing to withdraw their funds would be paid promptly. Judge C. E. Thomas. state superintendent of banks, arrived tonight from Montgomery to take charge. He stributed the closing of the WoodLawn Southside banks today to runs precipitated by the closing of the two banks last week. The banks closed last week were the City Bank Trust company and the Avondale Bank and Savings company. Lassiter, president of both institutions in a New York hospital where he collapsed after receiving news of the closing of the banks. John R. Wallace, cashier of the Avondale Bank and company. died the day before the bank closed from bullet through his abdomen, said by members of his family to have acccidentally inflicted when pistol he was handling dropped to the floor and discharged. Coroner S. Russum rendered a verdict of accidental death. Plans for reorganization and reopening of the City Bank and Trust company were completed today.
19.
July 7, 1929
The Durham Sun
Durham, NC
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RUNS FOLLOW BANK FAILURES
Two More Institutions At Birmingham, Are Closed
BIRMINGHAM July -Excitement prevailed In banking circles here tonight following the failure of two banking institutions to open their doors today and the reported drowning of Dr. W. Bell. president of one of the inetitutions. in the Cooma river near The closing of the two banks the Woodlawn Savings Bank. and the South Side Bank, brought to total for banking houses to fall to open during the past two weeks. Dr. Bell. president of the Woodlawn bank was reported to have drowned while bathing In the river with party of friends at his country home near Vincent Search for his body is being made. Runs on other banks the city precipitated by the of the Woodlawn and Southside caused officers to keep their houses open tonight to allow withdraw their money If they desired The bank, which bore the blunt of heavy run in the first few minutes of business this morning after the Woodlawn Institution had failed open Its doors. will be reopened Monday, It was Judge C. E. Thomas state superIntendent banks came from Montgomery tonight to make study of the local situation. He said he believed the runs the Woodlawn and Southside Institutions resulted from the failure of the banks last week. The banks failing last week were the City Bank and Trust company. and the Avondale Bank and Savings company.
20.
July 7, 1929
The Herald-Sun
Durham, NC
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Epidemic Of Bank Closings and Deaths In Birmingham District
July The affairs of two banks which closed bringing to total four banking institutions which have failed to in the district the days. were of the state parties to the body of the Savings of the which this the Vincent Dr Bell reported to in party friends shortly after he arrived at his try place for the report of the of the Woodlawn bank caused on the Southside prompted of to order its doors ficials of the Southside bank said that closing and that the bank would open for business Monday morning As the report spread throughout mild other the district banks runs were most when an nounced that all depositors wishing funds would paid Several banks that they would open as tonight as in those seeking to super of arrived tonight charge the situation He Wood banks by the banks The banks closed last the Bank and company and the dale Bank and president of both York hospital where he collapsed after of the closing the banks Wallace cashier of the Bank and com died the day before the closed with bullet wound through said by members of his his family to have been accidentally when pistol he was handling dropped to the floor and discharged Coroner D. Russum rendered verdict of accidental death.
21.
July 7, 1929
Ledger-Enquirer
Columbus, GA
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Two More Banks Close Doors In Birmingham Saturday
July The of banks which closed totalling four bank ing which have ed to open in the Birmingham within the under the State Banking Officials tonight searching their efforts locate the body of W. of the Woodlawn one of the closed today, drowned morning in the Coosa river near Dr. Bell was report ed to have swimming with party of friends shortly after he arrived at his country place for the end. The report of the closing Woodlawn caused run on the Southside Bank which prompted officials order doors closed. Officials of the Southside Bank said that closing was temporary and that bank would of for business Monday morning As the report spread throughout the district mild runs started other banks The ed officials announced that all depositors wishing to withdraw their funds would be paid promptly Judge Thomas, state E. from Montgomery take of charge of the banking situation to He attributed the closing of the Southside banks the to precipitated by the the closing of the week The banks closed last week were runs the City Bank and Trust Company the Avondale Bank and ings Company J. president both institutions in New York hospital where after receiving news the closing the banks Plans for reorganization and reopening Trust of the City Bank completed day and Roderick member the board of directors and torney the institution nounced that more than of the stock proposed for the reorganized bank had been subscribed He said the probably would reopen early next week.
M'CALL WANTS PROBE Attorney General Charlie Call, of Alabama stated tonigh that he would request Solicitor George L. Bailes once toward organization of special Jefferson grand jury to investigate the recent closing of the Avondale Bank and Savings Company and the City Bank and Trust Company The Attorney General requested if the grand be convened by July 15. The attorney general released his statement shortly after Judge state departed for Birmingham personally direct the audit of the books these two banks and Woodlawn Savings Bank bank which closed their today following heavy
22.
July 7, 1929
Tulsa World
Tulsa, OK
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THANKS WILL BE ALABAMA BANKS GIVEN FOR KING ARE UNDER
Loyal British Subjects to Unite in Service at Westminster
Closing of Four Institutions Is Being Investigated by State
TWO OFFICIALS DEAD PRAISES OFFERED
Felicitations Sent to Ruler on 36th Anniversary of Marriage grateful Britain will unite tomorrow in solemn God for the covery of George his resovereign himself now health rejoicing in the given him today his Queen Mary attend service the hallowed shrine national heroes, WestAbbey. There among his toric memorials, the spiritual and lead loyal subjects in service praise While the king and his beloved by the royal family, engage this benef icient providence, song be held in the the United Kingdom and many far away parts the empire will order service used in giving praise for III 1789. intoned by the dean the the imthe king God this God us grateful that will be given has prayer composed the for Queen. for attendant for and royal patient through several trying conclude the Laud have out heads cathedrals early centuries Christendom to be the Lord the Later "Thou the king Christ thou everlasting son Father and up with trusted let the royal party passes from the abbey the Westminater choir of the begins Continued on Page Eleven
President of One Drowns; Doors Expected to Be Reopened
BIRMINGHAM Ala. July (A Affairs banks which closed today, bringing to total four institutions which failed open the Birming ham district within the past 10 days, the state banking officials tonight. Meanwhile searching parties doubling their efforts to 10. cate body of Dr. W. Bell, president the Woodlawn Savings bank, one of the institutions which closed today. Bell drowned this morning the Coosa river Ala. Doctor Bell was reported to in swimming party he arrived his country place for the
Run Followed.
The the closing of the caused the bank prompted order doors closed Officials of the Southside bank said closing temporary and that the reopen for ness Monday the port spread throughout the district, runs started other They halted most officials that all depositors withdraw promptly Judge E. state banks, night from Montgomery charge the situation He closing the Woodlawn and Southside banks precipitated of the two banks last The last company Bank and Savings Lassiter president New York hospital where after the closing of the banks Cashier Dies.
John R of the and Savings pany, the bank closed bullet said family have been when pistol he handling rendered verdict of accidental death Plans for and opening the Bank and day Beddow board of attorney the for had subscribed bank probably would reopen early next
Southside Woodlawn the Avondale
23.
July 7, 1929
The Guthrie Daily Leader
Guthrie, OK
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FOURTH BIRMINGHAM DISTRICT BANK IS CLOSED IN TEN DAYS
State Banking Officials Investigate Unusual Epidemic Of Closings-President Of One Drowns
Birmingham July fairs of two banks which closed today bringing to total four banking institutions which have failed to open in the Birmingham district within the past ten davs were under investication of the banking officials tonight Meanwhile searching parties were doubling their efforts locate the body of Dr A W Bell. president of the Woodlawn Saving bank one nt the institutions which closed today Dr. Bell drowned this mornthe in the Coosa river near Vincent Ala He was reported to have gone in swimming with party of friends shortly after he arrived at his country place for the week-end The report of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed Officials of the Southside bank said that closing was temporary and the report spread throughout the district. mild runs started at other banks They were halted in most instances. when officials announced that wishing to their funds would paid
24.
July 8, 1929
The Greenville News
Greenville, SC
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Two More Banks In Birmingham Closed
BIRMINGHAM Ala July The affairs of two banks which closed vesterday, bringing to total four banking institutions which failed to in the district within the past ten days, were under the state banking officials tonight Meanwhile searching parties were redoubling their efforts to locate the body Dr W. Bell. president of the Woodlawn Savings bank, one of the instituions which closed yesterday who drowned this morning on the Coosa near Vincent. Ala Dr Bell was to have gone with party of friends shortly after he at his country place for the week end The of the closing of the Woodlawn bank caused run on the Southside bank which prompted officials to order its doors closed Of ficials the Southside bank said that was and that the bank would open for business Monday morning