First National Bank (Waynoka, OK)

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SEVENTEEN STATES CHECK RUNS ON BANK

Seven More Join Movement to Restrict Withdrawals of Deposited Moneys

THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS

Situation Easing in Some States as Legislatures Planned Curb Laws

Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)

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Lone Wolf Open But Just 'Changing'; Others Closed

CITY. Mar. Extension of Oklahoma's bank day until Wednesday was recommended today by Bank Commiss sioner J. Barnett as the state government placed legislative and executive protection over the 453 Oklahoma banks and their depositors. The first flurry of excitement over, following Gov. W. H. Murray's three-day bank moratorium proclamation, state officials pared new stabilizing bill. Assurance of safety both banks and depositors was the keynote of the situation in Oklahoma. The unusual spectacle of such great confidennce is local banks that the institutions remained open today in the face of heavy demands occasioned by the state wide holiday was enacted at Idabel, Durant, Enid, Valliant and Alva. Bankers in these communities declared their situations so sound they saw no need of inconveniencing depositors. The redrafted bill authorizing the bank commissioner to banks under a plan of restricwithdrawals was being drawn up.

The senate was prepared to suspend all other and send bill through its first stage. Preparing for immediate action, Speaker Tom Anglin called the house into session this morning without waiting for the scheduled m. meeting time. The bank holiday was declared, Murray explained, to give the islature time to enact lieve the proposed bill the bank commissioner sweeping power delay payment of deposits all banks, trust companies, savings banks and segregate deposits from old deposits, with no restriction on the new deposits. The bank virtual dictator over financial stitutions with emergency author needed rules and ity to adopt any daily reports. require

SIXTEEN STATES HOLIDAYS TODAY BANK to restrict with. The movement of bank deposits spread drawals rapidly through the south and west last night and today states operated under decrees for bank holidays. CaliforMississippi, Oklahoma, nia, Arizona, Nevada and Oregon ordered brief bank holidays to give time for legislatures to draw withdrawals legislation limiting deposits. Louisiana went farther by orderholiday for all iness. The New Orleans cotton cotton market change, largest was closed. the country, Executives announcing the new holidays for forcing the other states restructions by placing tension of banks which unusual strain on an to continue business sought mally.

ONE BANK IN ONLY STAYS OPEN COUNTY The First National bank at Lone Wolf was the only banking tution in Kiowa county which mained open today, and was just "making change," according made by the Demosurvey Banks here, at Mountain Cooperton, Mountain View and Snyder were all closed, was the one at Rocky.

OREGON TOO

Ore., Mar. Governor Meier today declared three-day legal holiday state Oregon starting continuing through

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BACK of Bank Lid Lifting Brings New Hope

Waynoka took on an appearance more closely resembling normaley the Commercial bank, today as under restrictions since clamped the banking holiday, without restricwas opened today tions.

First National bank there closed. Since March 15. when the tion's banks closed simultaneously, Waynoka has been without banking Neither bank opened the holiday order was lifted. Waynokans who had savings the Waynoka banks were lefi stranded without cash. What bank ing went down there was done Alva or other nearby towns. The banking crisis left Wayno ka short of cash and remained short Today's opening means the return of something normaley to Alva's southern neighbor. Waynoka bank condition attributed to own dition but to the failure of larger banks which had deposits. Bank Conimissioner Bar nett through the United Press late Monday that the bank could resume normal

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AYCOCK TO TAKE OVER ALVA BANK

Receiver Given Fourth Institution; Cherokee Bank Paid In Full

George L. Aycock, receiver of the First National bank here, will become receiver for the First National bank at Alva, effective this afternoon.

His appointment came from J. F. T. O'Connor, comptroller of the currency, to succeed A. W. Kavanaugh, who resigned to accept a post with the state administration. The Alva bank failed March 14, 1932.

Aycock is also receiver for the Cherokee National bank and the First National bank at Waynoka. He was receiver for a second bank at Cherokee, the Farmers National, which he paid off in full.

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George L. Aycock, receiver of the First National bank here, will become receiver for the First National bank at Alva, effective this afternoon.

His appointment came from J. F. T. O'Connor, comptroller of the currency, to succeed A. W. Kavanaugh, who resigned to accept a post with the state administration. The Alva bank failed March 14, 1932.

Aycock is also receiver for the Cherokee National bank and the First National bank at Waynoka. He was receiver for a second bank at Cherokee, the Farmers National, which he paid off in full.

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H. G. Lahr, vocational instructor of Freedom highschool is mighty proud this week, after the splendid showing of his F. F. A. boys at the State Stock Show, in Oklahoma City last week.

Among the winners were Lowell Walters, junior of the Freedom highschool, who was selected as one of the 15 most outstanding F. F. A. boys in the state, among 4,000, for his practical farm program, and was awarded a gold key and made Junior Master Farmer.

Woodrow Wadkins, Freedom senior, was the best in the state stock individual judging winning over 394 contestants in this field of agriculture. He also wins a trip to the American Royal Livestock Show this fall.

Freedom Chapter Future Farmers of America boasts of having the largest paid-up membership in the state with 53 active members.

Lahr is continuing the successes he has had in Quinlan, Fargo and Waynoka, where he has a wide reputation as an "Aggie" instructor of ability and vision.

HOBBS, APPOINTEE

Hugh Hobbs, former cashier of the First National Bank, and recently assistant to George Aycock, bank receiver, has accepted a position as chief clerk of the Western Oklahoma Hospital, Supply, under Dr. John L. Day and reported for his duties Wednesday morning.

The appointment came through Senator Chas. Albright and Hobbs' many friends here are glad this good fortune has come to an able Waynoka citizen.

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Personal Mention

Geo. L. Aycock, bank receiver, was here Friday looking after business connected with the First National and trying to get a few more dollars for the depositors in that defunct establishment. Aycock has certainly done his bit to keep down expense and to get the depositors every penny that he could from the stricken structure.

Bill Hays and family left Thursday for Strong City where they will visit the family of Mrs. Hays and other relatives on their two weeks vacation.

J. C. Peters is making a dandy improvement this week, a new bed and bathroom to his comfortable home south of the city. A. R. Pierce, master plumber, is taking care of the latter work, which means a first class job. Mr. Peters will do the paint work in his spare time, with the aid of some of the local brush artists.

Dr. E. P. Clapper believes in keeping the home pretty and making work for our artisans. Hence, this week he is having a new roof and some bright paint for his comfortable home on E. Cecil street. Henry Holyfield is doing the paint job, Ed Mincher the carpentering.

E. O. Schmolcke and family, who have been living in Denver the past two years are home for a two week's visit with relatives and friends. Ernest never looked better, than when planking down $3.00 to have his subscription put in order. Also he has grown considerably, both in facial attractions and of the manly form. We greet him with a good wish when he and his fine family return to the Colorado capitol where he has an important position, engineer, for the Systems Bakery.

Beverly Jeanne Stroud, who has been visiting the Flanders home the past three weeks left Monday for her Amarillo home accompanied by Barbara Ann Flanders who will return the visit for a two weeks period.

Albert Cohlmia, Frank, Charles and members of their families spent Sunday in Ashland, Kan., where they visited the mother of Lee Cohlmia, who has but recently came from Jedda, Syria. It was the first meeting for several of the family in 40 years.

We have in stock the New York patterns. Easy to cut. Price 15c. Barnett & Johnson. 8-1tc

Mrs. L. E. Morris of Walnut Grove made the office a friendly visit Saturday, with her fine little daughter and passed out the good news that their harvest would be as good as last year . . . and maybe better.

Our black widow spider died. The way to get her majesty on her back with the toes turned up is . . . leave her in a bottle in the sun for one hour.

Mr. and Mrs. M. L. Like, east of town were in Saturday meeting friends and the reporter made the mistake of calling her Mrs. Gassford. Looks like everyone would remember the likable, Mr. and Mrs. Like.

Joel White, new street commissioner is a new name on our city list this week. We are banking on Joel to make a real town cleaner and he sure has a splendid team to get the job done.

Tom Janney, rancher of Cottonwood section was numbered with the business visitors Saturday.

Mr. and Mrs. Dave Gooch with their pretty son were in Saturday. Dave complimented the Enterprise entertainment and put in a good word for the Trades Day.