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DEPOSITORS ASSURED OF BANKS' SOLVENCY Six Forced to Close Doors in Mississippi. Reassurance to depositors that the Institutions are "perfectly solvent" was given by bank officials at Clarksdale, Miss., after the Planters National Bank and Trust and Savings Bank Planters closed their doors yesterday mornAt the same time, officials Bank at Jonestown and the Peoples the Progressive announced that their banks closed order avoid officials stated that plans for reopening would not be made until after "the arrival or national and state Two other banks closed Misrunning the total for the day forced two Leake County banks to close. The Bank of Lena had deposits capital of and the Bank Walnut Grove deposits capital of and surplus of $8,000. Miss., Dec. Plans for National Bank. the Trust Savings Bank the Peoples Bank of the Progressive State Bank, which their doors not made unthe arrival of national and state bank according to of the Planters National Bank and Planters Trust Savings Bank of their doors at o'clock this after steady run had been made on the bank from the according to offiopening in the depositors, offi. der to protect cers banks are perfectly solvent and the E. the stat ed The was customers numbers depositors funds early this mornwithdrawn ing. Mr. Anderson national have bank the closing banks make the regarding the reopening Mr. Anderson until they said. National Bank The Planters one of the the and according tutions of made on December to deposits the the total were tion However, these last few reduced was capitalizwith surplus of Trust and Savings The Planters had capital stock fund and surplus deposits savings cording to published financial that the bank was first to The be closed. the posting of notice on both doors the bank been tion, closed. stating the arrival bank the Planters The directors Sr. Bank W. Garner, Paul Holland The Peoples Bank of Jonestown money and not owe any to avoid oflosed merely ficers stated. State Bank of The Progressive which Donald Tutwiler. of president, was closed for officers The Peoples Bank oJnestown, which W. Holland is capitalized surplus $14,000 with and deposits totaling The Progressive Bank President Donald said the instituprevent run bank in order to protect the Bank of which The the largest bank in the Mississippi Tuesday instead of clos. at the regular of o'clock This was officials order to any tomers who wished withdraw funds of Memphis and Clarksdale, is president of the
