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Latest News! FLORIDA TOURISTS SAVE BANK West Palm Beach, March Quick action by a group of New York financiers who are spending the win. ter in Florida, today headed off a run on the Farmers' Bank and Trust company following. the closing of the First American bank. Pooling their ready cash, it is reported, they raised $1,000,000, which was deposited with the Farmers Bank and Trust.
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FINANCIERS SAVED BANK BY ACTION WEST PALM BEACH, March action by group of New York who spending the winter today headed off run Farmers Bank and Trust Company following the closing of First American Frightened depositors had hastened to banks to withdraw their accounts and were causing much uneasiness and confusion when the New Yorkers decided upon quick move. Pooling all their ready cash reported they raised more than which was immediately deposited with President Reese, of the Farmers' Bank and Trust. Weeping women and freightened men who wished to withdraw their funds were paid action of the financiers allayed the fears of the little positors that would lose the small amounts had in the they bank. As the crowd quieted down many began to return to their homes. The names of the not revealed.
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Run Of Depositors Stops As Band Plays West Palm Beach Farmers Bank And Trust Company Gets Support OfCommunity West Pain: Beach, Fla. March the Farmers Bank Company which began the closing of Beach and Palm Beach ended here today when down the began playing for depositors into the their funds The parade, led by the municipal band, marched through principal- streets the city ended in front the Bank Trust Company Banners declaring were carThe Citizens which suffer prolonged run usual did not bank said they did normal busiThe runs on the two banks began yesterday failed open their doors business armored was from Miami and arrived time keep the two Wealthy memof the Palm Beach winter said have help withstand withdrawals.
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BANK RUN ENDS WEST PALM BEACH, Fla., March 10 steady run on the Farmers' Bank and Trust Co., which began Tuesday with the closing of three banks in West Palm Beach and Palmi Beach, ended Wednesday.
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PARADE STOPS RUN FLORIDA BANK ON WEST PALM steady on Farmers Bank and Trust company, yesterday with which West Palm three Beach, ended Beach and today organized street marched began playing march deposi funds. parade, led the the the and declaring Faith Our Banks' and Citizens which openbut they did unusual banks The runs banks yesterday their doors for busifailed open Banking tonight passed banks
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RUN ON FLORIDA BANKS IS STOPPED Business Men of Palm Beach Organize Parade to End Wild Scramble West Palm Fla. March run the Farmers steady Trust Company which began closing of three banks terday West Palm and Palm here today an organized down the street march for they to withdraw their into The by the Municipal the principal in front of Bank and Trust Comhave and men or carried by Citizen's which The run opened but not witness Officials of the they did normal banks banks failed to yesterday About open noon arrived in patched two remaining from because the members of the run. Beach winter colony were large deposits to help made withstand the Today's organized by the Farmer's Bank Trust the banners and in front withdraw its they passed that felt the would trouble both banks of any size.
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PALM BEACH BANKS EXPERIENCING RUN WEST PALM BEACH, March 14. (AP) Three Palm Beach county banks failed to open their doors day while another local financial institution sought to check a critical run. The Farmers Bank & Trust Co., of West Palm Beach and the First National Bank of Lake Worth, and the Ocean City Bank of Del Ray did not open. The Citizens Bank of West Palm Beach was the object of a determined run.
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FLORIDA BANK CLOSES (Special to the DAILY NEWS) West Palm Beach, Fla., March 13.-The Farmers Bank and Trust company will not open its doors tomorrow, making the fourth bank suspension in the Palm Beaches within a week and the seventh since last June.
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ANOTHER FLORIDA BANK DROPS OUT West Palm Beach Institution Closes Its Doors. President Reese Says It Will Reopen in Thirty Days in Better Condition. WEST BEACH, Fla., March Farmers Bank and Trust company West Palm Beach, of the leading financial institutions this section state, announced tonight that the would open its doors tomorrow. The statement made officially by President Reese, declared that closing three banks in this city last Tuesday forced action. been forced to close doors best positors, Mr. Reese of the Bank and closing Trust and the Bank together with the First Bank and Trust company of Palm Beach, all on Tuesday action.' re-open surely within within thirty sixty perhaps he had no days,' to forestall closwhile safely weathered ing the strenuous made bank and the subsequent withlast Tuesday deposits, been drawal time. Three more pressed bank might have passed through this Reese stated in received nu Farmers merous offers had time obtain the no collateral under period. plans several precipitated into days, but the these other condition left in dire straits. banks when penny the bank will-be open er than announced that the Reese had Farmers $100,taling undisurplus, $950,000. The bank vided profits here and soon was organized the finanplace section. Little affairs of the erected than ago costing principal downtown $1,000,000 at corner of this bank three The closing the financial Palm Beach: tional and Central Palm the Citizens ten which were Three banks failed simulyear here last June. taneously
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stave off severe The Farmers Bank Trust Company West Palm Beach, one the largest banks in this section, did open today following midnight by Reese, president, that the closing two local banks and Palm Beach bank last Tuesday had precipitated Simultaneously the First National Bank Lake Worth and the Ocean City Bank of Delray this morning. No reasons for their made public. assumed the Delray institution. The closing at Lake left that without bank. Depositors Besiege Citizens Bank. Delray Bank capitalized aggregatand the Lake Bank capital $100,000 and deposits both in last published July, 1926. long line of men and women braved pelting, here this morning determined Citizens Bank of West Palm Beach sizable started forming hour before its usual time augmented that Farmers Bank had not been opened. excitement prevailed, while friends of the sought to talk with person tempt all against withof funds. Shower Fails Disperse Them. The line remained intact, although hard dispersed curious threatened times jam traffic. Reports circulated that an armored truck with substantial financial aid from Miami banks.
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FLORIDA BANKS ARE HARD HIT WEST PALM Fla., March Palm Beach county banks failed to open their doors today while another local financial institution sought to staye off severe run. The Farmers Bank and Trust comof West Palm Beach, one of the pany banks in this section, did not largest open today following midnight announcement of its presithat the closing of two local banks and Palm Beach bank last Tuesday had precipitated the action.
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THREE FLORIDA BANKS CLOSED WEST PALM BEACH, March 14. Palm Beach county banks failed to open and the fourth is combating heavy run. The West Palm Beach Farmers Bank and Trust company, one of the largest in the region, failed following the closing of three allied banks last week. line braved rain to withdraw deposits from the Citizens bank.
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Severe Run Menaces Fourth Palm Beach County Institution. RUSH IN CURRENCY Previous Closing of Other Institutions Blamed for Suspensions. By The Associated Press WEST PALM BEACH. Fla., Mar. Palm Beach county banks failed to open their doors today while another local financial institution sought to stave off severe run. The Farmers Bank and Trust Company of West Palm Bench did open today following midnight announcement by its president that the closing of two banks and Palm Beach bank last Tuesday had precipitated the the First National Bank Lake Worth and the Ocean City Bank of Delray did not open morning reasons for their separate actions made public. long line of men and women intermittent here this morning in determined on the Citizens Bank of West sizeable crowd started forming an hour before its usual opening time augmented reports that the mers had not been opened. The line remained Intact, although hard shower dispersed curious crowds which threatened times jam traffic this intersection. Arrival from Miami armortruck noon with sacks paper currency for the Citizens Bank prompted bank officials that the bank tended open until o'clock tonight to meet every mand depositors. The of patrons had dwindled, terested crowds continued to surge past corner. President Maxfield of the Citizens Bank issued statement which would not close and urged depositors to trust the officials.
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Three More Florida Banks Close Doors West Palm Beach, Fla. March (AP). Three Palm county banks falled today to open their doors, while another local financial institution sought to stave off severe run. The Farmers' Bank & Trust company of West Palm Beach. the First National bank of Lake Worth and the Ocean City bank of Delray remained closed A long line of men and women braved a pelting rain in the run on the Citizens bank of West Palm Beach.
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PALM BEACH BANKS WITHSTAND RUNS One Remains Open After Hours and Meets Every Demand For Money WEST PALM BEACH, Fla. March 14 quieter tone prevailed in the Palm Beaches tonight following period of excitement when determined run on the Citizens' bank, prompted by the closing of three banks in Palm Beach county, abated early this afternoon, leaving only short lines of depositors at the windows. Two of the three banks remaining open here did not expect runs. They the regular closing hours. The Citizens' bank, however, announcing that plenty of funds had been obtained to pay every depositor remained open until o'clock to meet all requests for payment. The return to normality was aided largely by the arrival from Miami of twelve sacks of currency for the Citizens' bank. The banks which did not open today included the Farmers' Bank & Trust company, one of the largest banking here. The bank was closed temporarily, it was announced, in the interest of the depositors. Plans for reopening the bank within 30 or 60 days were announced. The First National bank of Lake Worth, and the City bank, of Delray, were the other banks which did not open today. No official statement was issued regarding their closing.
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from Omaha where he has transacting business for the few past days. The art forum of the Women's club will meet at the home of Mrs. Bonner, street, at evening. Mr. and Mrs. Charles Hunt left morning for Fremont where they spend few days ONE visiting tives and friends. IN Mrs. Frank Yearsley left for this morning spend the week end with her Fay, who attending the university. Judge Dorsey of Omaha spent terday in the city visiting torneys enroute to Mitchell, Neb.. he will try bankruptcy izens case. and Mrs Emmett Shumway o'clock arrived home this morning from until Peublo, Col., where they have spent the past several days visiting several The funeral of the late Mr. Martini who was found dead bed viously Tuesday morning from sudden one heart attack held this morning other, 10 o'clock from the St. Patrick's curious church. Interment was made in the mained. local cemetery. The North Platte Dancing club their held their regular dance had evening the Dickey Dreamland the dance hall. About forty couples present Following the dance they adjourned the Blue Goose served The offices the rear over the day, Tramp and the Tramp Shoe occupied Bullock's studio are now being The decorated and remodeled to be cupied in the near future by the land Carr, now located not Building and Loan building. thirty the people of the local Lutheran church expect to to Lewellen Saturday the Luther League district ference to be held there Saturday Sunday. Rev. Guss, bank president of the Synod of Nebraska City be the principal speaker on this unday and then will to North Platte to fill the local pulpit Sunday while Rev. Anspach preaches at Lewellen. At the on Saturday evening Rev. will be toastmaster and JeanThe Toops and Mrs. Henry Johnson of North Platte will respond to toasts. Miss Larson will bank superintend the Sunday school deposits which will be etirely conducted leagurers. 1926. COUNTY OF THE LARGEST BANKS PALM BEACH CAUGHT IN THE FAILURES. Palm Beach, March 14. strenuous run on the Citbank started at the opening hour and continued early afternoon, abated at this afternoon with small lines within the bank and at windows. The long line of patrons was stretched almost block street and half block on anhad disappeared and only throng of spectators Officials of the bank reiterated statement that the closing hour been extended o'clock interest of their West Palm Beach, March 14. Palm Beach banks failed to open their doors while another local financial stitution sought ostave off Farmers Bank and Trust company of West Palm Beach, one of largest banks in this section, did open today folowing midnight by Reese, president, that the closing of banks and Palm Beach bank last Tuesday had precipitated the the First National of Lake Worth and the Ocean bank of Del Ray did not open morning. No reason for their separate actions were made public. Hawkins, state bank examiner, assumed charge of the Del Ray stitution. The closing at Lake that city without bank. Del Ray bank was capitalized deposits aggregatand the Lake Worth had capital of and $2,622,690, both in their last statements published in July long line of men and women braved pelting rain here this morning determined the Citizens Bank of Palm Beach. sizeable crowd startforming hour before its usual opening and was augmented by reports that the Farmers Bank had The line stretched solid almost block on Clements street and Narcissus street block. The line remained intact, although shower crowds which threatened at times to at this intersection. Reports were circulated that armored truck enroute here with substantial financial aid from Miami banks. Officials and directors of the Citizens Bank, who had been session all night, met the run this morning statement assuring the depositors that sufficient funds had been every one and that pay the bnak "would not close or The Citizens Bank, together with the Farmers Bank, last week weathered the determined runs. Hansen returned to his Sidney having* transacted bus. this city for the past days. Russell Overman, who attendwatch makers school in Peoria arrived home spend few visiting relatives and friends. Del Brownfield of Hershey spent today in this city and Mrs. McKee ington spent Sunday in this city visiting friends. Lena Johnson arrived home from Omaha where she spent the few days visiting friends. Mildred Nickerson is reportbe ill at local hopital suffering from an attack of acute pendicitis. Vickery returned his home in this city from Omaha where has spent he past few days business. Mr. and Mrs. Charles Hunt rived home from Fremont where spent the week end visiting the home of the latter's parents. Miss Truly Forbes, student Midland Fremont, spent the college, end in this city visiting her week and Mrs. Forbes. parents, Russell McMichael, student at the University of Nebraska arrived home called here by the illness being mother, Mrs. Howard McMichael. Williams, general manager the Wyoming division and Olcott, official, Cheyenne, spent yesterday in this city upon company business. Miss Elaine Burling arrived city yesterday from Stapleton called here by the death being grandfather, the late Andrew Jackson. Miss Edith Pyle, arrived in this from Greeley, Colo., where she city attends the Colorado State Teachers' college, to spend few days and Den, received twenty pairs pheasants from the state agriculdepartment at Lincoln for tribution this section of the The distribution will be soon as road conditions permit. arrived this city from Peoria, where attending watch After visiting relatives friends for few days he making the trip auto. Mrs. Joe Nolan today Angeles, Calif., where will husband, former owner the Rexall drug store, to make their future home. will companied by her brother, Carl Reinsh of Omaha. The Literature, Art and Music Department the Woman's meet Tuesday the Hotel Palace banquet interesting has been program ranged. Paper, "Modern German French Music," by Mrs. Drusilla solo, Mrs. N. Moran; Brown; piano solo, Miss Lois Hart; German and French songs, Helen Bonner; act play by the one Literary club of the North Platte School, directed by Miss Neva Jones; hostess, Mrs. Carr. C. Dedmore will leave this for Omaha where he will evening transact business for few
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ON Judge Thomas Hears Motion to Vacate Order Naming Gutelius for Farmers Post Correspondent Fort May the order Gutelius. of the Bank and Trust West Palm heard this by Judge Elwyn Thomas, issued the withheld That might issued morning was indicated by the judge after court adjourning motion filed by counser for Ernest comptroller appointed the Trust company as receiver for the Farmers motion claimed that, under the the appointfor the subject confirmation by the court further stated in the motion that the had charge the Farmers Bank Trust company became insoland May desigfor the for the filed petition the Gutelius ceiver tended that Mr. had ity They also out that the appointing had not honored and claimed the troller had legal the the court had obeyed. They declared that Mr. had the the First American Bank Trust company Continued from Page Three
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Appointing Receiver For Bank In Court WEST PALM BEACH, Fla Attorneys for the First American Bank and Trust Company here were certain today that the of the bank for the Farmers Bank and Trust Company by State Ernest Amos would upheld by Circuit Judge Elwyn Thomas following from Fort Pierce yesterday that the jurist the filing of motion for the court to cate order appointing Gutelius Attorneys pointed out that the admission the motion by Judge Thomas practically vacates the Gutelius appointment inasmuch as places the burden of proving that the Amos appointment illegal on attorneys for Gutelius. Gutelius contended that the Amos appointment null and void because the comptroller not charge of the bank's affairs prior the appointment. At. torneys for the First American Bank with an opposing attorneys that M Porter, chief examiner for Amos, in charge and had refused hand the bank's affairs Gutelius following the latter's pointment by Thomas. Gutelius was formerly cashier of the Farmers Bank conference between attorneys for both sides now in session was expected to settle the matter.
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East Coast Bank Appeals Decision WEST PALM BEACH, Fla., June June 16.-(AP)-The Farmers Bank and Trust Company has appealed to the state supreme court against the decision of Judge Elwyn Thomas, of Fort Peirce, who confirmed the appointment of the First National Bank and Trust Company as receiver for the Farmers Bank. The notice of appeal was filed here this morning after information was received that the controversy over the appointment of receiver would be taken the su. preme court unless a petition for writ of supersedas, to have been filed with Judge Thomas this af ternoon, should prove successful The notice of appeal was filed through E. Harris Drew and Richard P. Robins, attorneys for the Farmers Bank, in circuit court today. The return date was set for August 1.
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RHINELANDER CHARGED WITH New York, June Leonard Kip Rhinelander ported to be in Reno to divorce Judge Samuel Surnburne of New Rochelle, declared day that agents found no trace the wealthy husband. Mrs. Rhinelander, whom Kip attempted to divorce, alleging she had negro blood in her veins, anxious to locate her husband in order to serve papers on him in separation suit charging abandonment, according to Judge Swinburne. $500,000 ALIMONY SUIT Oklahoma City, June Hill, Oklahoma City millionaire, elected president of ternational Rotary 1924, defendant in suit for divorce and alimony, filed by Mrs. Marguerite Hill, who alleges gross neglect duty and desertion. Seventy of Oklahoma City's elite may be witnesses under an allegation in Hill's petition. APPEAL FROM DECISION West Palm Beach, June appeal will be taken from the cision rendered by Judge Thomas the receivership case the Farmers Bank and Trust Company, according to their torneys, Robbins and Drew. Judge Thomas approved the pointment of the American Bank receiver for the Farmers Bank and Trust in the circuit court Pierce.
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REESE Former Farmers Bank President Must Answer Questions In Receivers Suit West Palm Beach. former dent of Farmers Bank and Trust Company. which closed its doors, answer certain brought by the receiver the the Florida supreme court held by the Beach county authorities for court refusing the ed corpus the that day ordered to the custody. Reese refused answer the questhe that advised attorney and that involved holdings his beyond the boundary of the state.