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OPEN DOORS Death of Hon. Wilson, Sr., Forces Directors Place Bank In Liquidation The Wilson Banking Company, 1913, failed to open doors this following decision of the directors last night and the failure of the bank complete its credit arrangeAt the time of its last statewhich was as of the close business on 30, the resources the bank was listed with deposMr. Wilson, Sr., chairof the Board Directors of bank died on November the statement of the rectors issued today was said inasmuch his would estate available for assisting the some months and that all credit arrangements had been made by him, the directors were unable arrange for continuin business. bank was turned over Banking Department The following statement was issued by the directors: "Due the unusual situation brought about the death Wilson Board Directors has decided to close bank for liquidation and placed in the hands State Banking Department. Mr. Wilson had always ranged the credit for the bank, as estate will not available for in procuring credit for some months under State laws, after exhausting every means our command securing credit and having left nothing undone on our part Bank been decided that liquidation advisable. The agent ray all depositors as rapidly possible. the heirs of Mr. Wilson intend contribute liberally in assisting the liquidating agent in paying the depositors.' JACKSON, Miss. (AP) of two state banks and an order for an audit third suspended temporarily, were announced today Love, state banks. The two institutions whose fairs were taken over the by state banking department are the ommercial Bank Drew and the Bank of Pheba, Pheba, the latone of the smallest banks homas E. Quinn, auditor, was McClain today by Supertendent Love to check the McClain, whose presiGriffiths, closed the temporarily when his cashier, Feed have acknowledged "discrepaney" his books and requested audit. who has served the bank eight years the father eight children, held, his request, the Forrest county jail Hattiesburg Sheriff Andrew whom Redd with request that he held until the bank records is made, said today that the man Hattiesburg his request. No charges have been filed against cashier, he Superintendent Love said that bonds covering the cashier may sufficient cover any loss that might be incurred. of McClain is cap$25,000 The Commercial Bank at Drew, whose closing hinged on frozen loans and according to the bank official, was capitalized $30,000, with surplus. Deposits were estimated at $250,000. Bank of Pheba in Clay county, carried deposits of less records the bank. department Its resources ran under Wafford president Bank, while Washington head of the small institution. RINGLING HONEYMOON JERSEY CITY, (AP) Ringling, wealthy circus was on his honeymoon married to Mrs. Emily Buck yesterday by Mayor Hague. the widow of Mr. Ringling's died owner of the Ringand Bailey of five browere pioneers in the Unemployment 400,000 persons Great Britain
