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SAVANNAH BANKS SHUT One Broken Down by a Run And Other Resolved to Conserve Its Capital (Associated Press) Savannah, Ga., Dec. 20.-The Peoples' Bank, capitalized at $100,000, failed to open its doors this morning. A notice posted on the door stated the aaffirs of the bank were in the hands of state banking officers. The bank failed to withstand an all-day run yesterday.
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RUNS CLOSE TWO SAVANNAH BANKS Peoples and Realty And Savings Trust Co. Unable To Weather Demands of Depositors SAVANNAH, Dec. 20.-The Peoples bank, with a capital stock of $100,000, failed to open its doors this morning. A notice on the door stated that the bank was in the hands of the state banking officials. The bank failed to withstand an all-day run yesterday. The realty Savings & Trust company last night posted a notice on the door stating that due to the unusual withdrawal of funds, the directors had "resolved to suspend payments of any further demands and would make petition for relief by receivership or otherwise for the purposé, of conserving its assets." The bank has a capital stock of $100,000.
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RUNS CLOSE TWO SAVANNAH BANKS Peoples and Realty And Savings Trust Co. Unable To Weather Demands of Depositors SAVANNAH, Dec. 20.-The Peo ples bank, with a capital stock of $100,000, failed to open its doors this morning. A notice on the door stated that the bank. was in the hands of the state banking officials. The bank failed to withstand an all-day run yesterday. The Realty Savings & Trust company last night posted a notice on the door stating that due to the unusual withdrawal of funds, the directors had "resolved to suspend payments of any further demands and would make petition for relief by receivership or otherwise for the purpose of conserving its assets." The bank has a capital stock of $100,000.
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SAVANNAH BANK CLOSES AFTER DAY-LONG RUN SAVANNAH, Ga, Dec. 20.-The People's Bank of Savannah failed to open its doors today. the result of a heavy run yesterday. A notice on the door said the bank was in the hands of the State bank examiner. Other banks in Savannah went to the rescue of the People's during yesterday's run, but the run did not stop.
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RUNS CLOSE SAVANNAH BANKS. People's and Realty Savings Can't Stand Withdrawals. SAVANNAH, Dec. 20.-The People's Bank and the Realty Savings and Trust Company, each with a capital of $100,000. failed to open doors for business to-day. Their closing was attributed to heavy withdrawals yesterday. The People's Bank has been taken In charge by the State Banking officials. The Realty Savings and Trust Company announced that it would file a petition for relief "In the form of a receivership or otherwise," so as to conserve its assets.
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TWO SAVANNAH BANKS FAIL TO OPEN DOORS YESTERDAY People's Bank Posted Notice It Realty Trust Gives Notice of Unusual Withdrawals as ReaHad Suspended Payment to son For Not Opening For BusProtect Depositors.--w. D. iness Yesterday. Lloyd in Charge Institution. Savannah, Dec. 20.-The Realty Savannah, Dec. 20. -The Peoples Savings and Trust Company, W. H. Bank of Savannah failed to open its Stillwell, president, last night posted doors this morning on its doors a notice as follows: The following notice on the doors of Due to unusual withdrawals of the Institution told of the closing of the bank: funds, Realty Savings and Trust Company, by order of board of diFor the protection of the de rectors, as resolved to suspend positors and all other persons inpayment of any further demands, terested in the Peoples Bank of in the meantime making approp Savannah the board of directors this day placed the bank in the riate petition for relief by receivership or otherWise for the purhands of the state superintendent of banks. pose. of conserving assets and avoiding sacrifice and lost to de(Signed) Thomas J. McEllfun, positors. Jr., president. Arthur E. Pierce, Realty Savings and Trust Co. vice president and cashier. ArBy W. H. Stillwell, thur? W Soloman, F. M. Oliver, President. W. S.TGodley, J. W. F. Hester, J. D. Siem, A. Thomas R. S. Reid, Dec. 19, 1921. 9 p. m. W. H. Seigler. December 20th, 1921 The company was organized in 1916 The officers are: W. H. Stillwell. W. D. Lloyd, examiner in charge of the American Bank and Trust Com president: C. G. Rowland, vice presipany. is today in charge of the Ped- dent; William C. Gilbert, Jr., secreples Bank tary Measurer.
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Bank Closes Doors. Savannah, Ga., Dec. 20.-The Peoples Bank failed to open its doors this morning. A notice was posted on the door stating that the affairs of the bank were in the hands of the state banking officials. The bank failed to withstand an all-day run yesterday.
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Savannah, Dec. 20.-The Peoples' Bank failed to open today atter a run vesterday.
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Boston & Maine Railroad posted announcement that wages in all departments would be cut. Representative Volk, of New York, introduced a bill in the House to provide a soldier's bonus, funds to be obtained by a sales tax. An official order to close the Sedalia shops of the Missouri Pacific Railroad was received from St. Louis. Approximately 1,400 men are affected. Four men, each carrying two pistols, held up and robbed the State Bank of Muka, Ill., of $15,000 in cash and negotiable paper and escaped in an automobile, pursued by posses. Peoples Bank and Realty Savings & Trust Co., of Savannah, Ga., were placed 1 the hands of the State Bank Examiner, due to heavy withdrawals of deposits. During the last few months five banks suspended in Savannah. Philippine Nationalist Party in convention at Manila demanded complete separation from the United States. Prohibition agents seized 89 stills and 42 distilleries in Georgia so far this month. State Director Dismuke reports property is valued at $128,607. Guy Potter Benton was formally inaugurated as -president of the University of the Philippines, at Manila, P. I. President Harding signed an order, effective January 1, providing that employes of the Panama Railroad Company shall be charged for rent, fuel, electric current, water and other services which were furnished by the Government.
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Savannah Banks Closes Their Door SAVANNAH Dec 20-The Ped ple's Bank with a capital of a hun dred thousand dollars failed to open its doors this morning a notice O the doors of the bank stating that th gank was in the hands of state bank ing officials, The bank failed to with stand an all day run yesterday. The Realty Savings and Trust Co. last night posted the following notice on its door: "Due to unusual with drawal of funds in the Realty Sav ings and Trust Company by order of the board of directors, has resolved to suspend payment of any further demands. In the meantime it is making appropriate petition for relief by receivership or otherwise for the purpose of conserving asses and avoiding sacrifice and loss to depositors. W. H Still President. The capital stock is $100,000.
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Meat prices in New York, even of the best cuts, are lower than they have been in many months because supplies are more abundant. A simple service, attended only by members of his family, marked the funeral of Henry Watterson, journalist and soldier, who died at a hotel in Jacksonville, Fla. The body will rest in a vault until spring, when it will be taken to Louisville, Ky., for burial in the family plot in Cave Hill Cemetery. Steelton, Ohio, branch of the Citizens' Trust and Savings Bank Co. was robbed of $10,000 by five bandits. Joint Council of United Shoe Workers of America at Lynn, Mass., refused to arbitrate with the Lynn Shoe Manufacturers' Association for settlement of the wage controversy. Boston & Maine Railroad posted announcement that wages in all departments would be cut. Representative Volk, of New York, introduced a bill in the House to provide a soldier's bonus, funds to be obtained by a sales tax. An official order to close the Sedalla shops of the Missouri Pacific Railroad was received from St. Louis. Approximately 1,400 men are affected. Four men, each carrying two pistols, held up and robbed the State Bank of Muka, III., of $15,000 in cash and negotiable paper and escaped in an automobile, pursued by posses. Peoples Bank and Realty Savings & Trust Co., of Savannah, Ga., were placed in the hands of the State Bank Examiner, due to heavy withdrawals of deposits. During the last few months five banks suspended in Savannah.
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Georgia Bank Is Closed. Savannah, Ga.-The People's Bank, with a capital'of $100,000, has failed to open its doors and is in the hands of state banking officials. The bank failed to withstand an all-day run recently.
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Georgia Bank Is Closed. Savannah, Ga.-The People's Bank, with a capital of $100,000, has failed to open its doors and is in the hands of state banking officials. The bank failed to withstand an all-day run recently.