63003371368 6300337
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63-00334f1a68eb648c2577None
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FLORIDA BANK FAILS. Pensacola State Bank Goes to the Wall. Pensacola, Dec. 5.-The Pensacola State Bank suspended today. It is capitalized at $100,000. Deposits exceed $100,000. President Brawer announced that the depositors would be paid In full. Other banks in the city are unaffected.
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Florida State Bank Suspends. Pensacola, Fla., Dec. 8.-After an all night conference the Pensacola State bank, capitalized at $100,000, suspended business pending examination by the state comptroller. The bank has about $100,000 deposits.
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The Pensacola State Bank suspended payment on the night of the 4th inst., at which time it was decided to call on the state comptroller to make an examination. President Brawner made a statement with the view of letting the depositors down easy. It was to the effect that it "has been deemed advisable to call on the comptroller," etc., and "in consequence the busness of the bank will be temporarily suspended," etc., and "that he feels certain that arrangements will soon be made so that all depositors will be duly paid." Fortunately the suspension of this bank will not affect other banks in the city. But the poor depositors-well, they will likely get a per centage of their deposits in driblets.
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Florida State Bank Suspends. Pensacola, Fla., Dec. 8.-After an all night conference the Pensacola State bank, capitalized at $100,000, suspended business pending examination by the state comptroller. The bank has about $100,000 deposits.
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Receivers' Notice The Receivers of the Pensacola State Bank will open offices at 1015 American National Bank Building and be ready to conduct business Monday, January 5th. W. C. ROBERTS, : J. B. McNEILL, Receivers.
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NOTICE TO DEPOSITORS All persons having claims against the Pensacola State Bank can call at the receivers' offices and get their dividend checks. 1014 American National Bank Building. J. B. McNEIL, W.C. ROBERTS, Receivers.
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NOTICE TO DEPOSITORS All persons having claims against the Pensacola State Bank can call at the receivers' offices and get their dividend checks. 1014 American National Bank Building. J.B. McNEIL, W. C. ROBERTS, Receivers.
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WILL ARGUE A CLAIM BEFORE COURT TODAY H. A. LEWIS ASKS THAT COURT ALLOW PREFERENCE TO HIS CLAIM AGAINST PENSACOLA STATE BANK. The claim of H. A. Lewis, of East DeSoto street, against the receivers of the Pensacola State bank will be argued before Judge Monroe of the court of record today by Fred. W. Marsh, attorney for the plaintiff. The latter deposited a draft for $1,000 in the bank at noon of the day It closed, and will allege that the officers knew the institution was Insolvent and would fail before the draft was collected. Despite this fact the draft forwarded to New York, and the plaintiff's efforts to cause collection to be stopped, were fruitless, the New York bank ignoring his telegrams, collecting the $1,000 and placing the amount to the credit of the Pensacola State bank on its books.
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Acquitted of Charge. The trial of F. E. Brawner, president of the suspended Pensacola State bank, who was indicted on the charge of misapplying over six thousand dollars of the bank's funds by permitting a department store of which he was also president, to overdraw its account to that amount, resulted in the verdict of not guilty. The jury was out more than three hours. The case consumed the entire day.
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TEST LIABILITY STOCKHOLDERS DEFUNCT BANK SUIT IS FILED BY RECEIVERS OF PENSACOLA STATE BANK AGAINST S. A. JOHNSON. To test the liability of stockholders of the defunct Pensacola State bank is the purpose of a suit filed in the court of record yesterday by attorneys representing the receivers of that institution. The proceeding was brought against S. A. Johnson, who held some stock in the bank when it suspended. The receivers will ascertain by this suit whether they can, as receivers, proceed against the stockholders and collect a sum equal to the amount of stock held by each of the parties, or whether it will be necessary for the depositors to proceed individually against them.
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THIRD DIVIDEND ON STATE BANK The third dividend of the Pensacola State Bank, amounting to 15 per cent, will be paid by the receivers next week. Their request for permission to pay the dividend has been approved by Judge Kirke Monroe. The total aggregates $15,000, and of the amount the city has collected $6,040.
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F. E. Brawner, former president of the suspended Pensacola State Bank, head of the county school board and also a prominent merchant of Pensacola, committed suicide Saturday. He shot himself thru the head in the presence of his wife and employees of his store. He was recently acquitted on the charge of misapplication of bank funds.
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WALKER CASE IS ORDERED HEARD THE SUPREME COURT REVERSES LOWER COURT IN CASE OF H. A. WALKER AGAINST STATE BANK RECEIVERS. The case of H. A. Walker against the receivers of the Pensacola State Bank will be heard in the court of record, as F. W. Marsh, attorney for the plaintiff, yesterday received a letter announcing the supreme court of Florida had reversed the decision of the court of record and ordered the case heard. Mr. Walker deposited a draft in the bank a few hours before it suspended business. The draft was upon a New York bank, to which the state bank was indebted and although Mr. Walker attempted to stop payment he failed, and the receivers had the $1,000 draft applied to a note due the New York bank by the local bank. Mr. Walker, through his attorney, filed a petition in the court against the receivers, but it was dismissed and the case then was appealed.
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SUIT TO RECOVER STATE MONEY IN PENSACOLA, Pensacola, Dec. 1.-In the circuit court Saturday afternoon Park M. Trammell, as governor of the state of Florida, for the use of the Escambia County Board of Public Instruction brought suit for $10000 against J. Ed. Williams, county treasurer, and his surety, the American Surety Company, of New York. Attorneys in the case are Watson & Pasco, who were retained by the school board several weeks ago. The suit is brought to recover about $6,000 deposited by Treasurer Williams in two of the suspended banks in Pensacola. Some of the money was in the Pensacola State Bank and some in the First National bank. The American Surety Company is named as a party to the suit because it was on Mr. Williams' bond.
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Those holding receiver's certificates against the Pensacola State Bank, will, by presenting same to Miss Robinson at Consolidated Naval Stores Company's office in American National Bank building, receive a dividend of 4%. J. B. McNEILL and W. C. ROBERTS, Receivers Pensacola State Bank.
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Quietus Put On Hurtenbach's Resolution and Bid for Fame. # HE SAYS TRIAL IN PENSACOLA A FARCE Refers To Prosecution In State Court in Pensacola Bank Case. By Claude L'Engle. Tallahassee, Apv3 16.-The house was in killing mood today, voting down all resolutions including Representative Hurtenbach's resolution for the investigation of state bank failures during the past year, which was lost by tie vote, 32 to 32, the speaker deciding. Hurtenbach accepted Goldstein's amendment substituting the two committees house and senate on banking and loans, for special committee provided for in resolution. Hurtenbach asked that the resolution lay over informally so as to enable him to get additional information in support of the need of it, Goldstein opposed this on the ground, that the mere publishing of the fact that such a resolution was introduced had a tendency to create uneasiness in the minds of the people about the state banks and that the investigating should be made at once at that its findings might increase the confidence that the public has now in the solvency of state banks, and favored the immediate adoption of the resolution as amended. Wood of Pinellas, opposed the resolution on the ground that it might cast reflection on the comptroller's office, who ought to be first asked for Information. Hurtenbach replied to this, that the comptroller would be the first one that would be selected to appear and be called on to give information, but that the committee should go further than the comptroller and get all the facts in connection with the failure of the Pensacola State Bank, the bank in Jefferson County, the Commercial Bank of Jacksonville and the banks at Caryville and Warsaw; that the depositors had lost their money in these -banks and were not satisfied with the meagre report contained in the comptroller's regular report that there had been but four bank failures in Florida during the past yeng Turnbull, of Jefferson, opposed the resolution on the ground that he had Introduced five bilis remedying defects discovered by the comptroller in the state banking laws and this was all that was necessary because the report of the committee contemplated under the resolution would accomplish nothing at all. Hurtenbach replied, that he thought it was due the comptroller's office to make such an in-vestigation and it was also due to the public who had lost their money in these bank failures to be advised that -this legislature was safeguarding the interests and ready to protect them in future. # TRIAL A FARCE, HE SAYS. In reply to Turnbull's question, if there had not been a prosecution in Pensacola of those responsible for the State Bank failure, Hurtenbach answered, that there had been but it was, and had been a farce, occupying less than a day in the taking of testimony. In calling for a division, on the passage of the resolution. Anderson voted "no," and Hurtenbach voted "aye." But Hurtenbach was not quick enough to get a roll call before the speaker had cast the deciding vote and announced the result. Mr. Hurtenbach will tomorrow introduce another house concurrent resolution asking for authority from the legislature to investigate the various state bank failures by calling before the joint committee the comptroller and other bank officials with necessary papers. This time he will proceed so as to get a roll call on the resolution and by this method he believes that the resolution will be adopted. # NO SIGNS OF CAUCUS. There was no sign of a caucus among the West Florida house contingent when the house met today, for four of the West Florida members divided two and two, on a proposal by Davis of Jackson, to suspend the rules and pass the senate bill changing the dividing lines in Jackson, Washington and Holmes counties. Davis said that there was great need for this bill being rushed through because it would protect the schools in these counties. Brock of Washington, said there was no need for rushing it through but that it should take the
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LEGAL NOTICE "NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. W. v. KNOTT, Comptroller." 712A1aug-oaw9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. W. V. KNOTT, Comptroller." 712A1aug-oaw9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been. appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said. Bank are notified to present the same to the Receivers ànd make legal proof thereof. sotto W. V. KNOTT, Comptroller." TISAlaug oew9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. even W.V. KNOTT, Comptroller." 712A1aug-oaw9w.
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"NOTICE IS HEREBY GIVEN that J. B. McNeill and W. C. Roberts have been appointed Receivers of the PENSACOLA STATE BANK, and all persons who may have claims against said Bank are notified to present the same to the Receivers and make legal proof thereof. W. V. KNOTT, Comptroller." 712A1aug-oaw9w.