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CENTS VESTRIS PASSENGER DESCRIBES DISASTER FLORENCE STATE EXAMINER MRS. HOOVER WILL MAKE JOURNEY WITH PRESIDENT-ELECT Nicaragua To Be First Port Of Call On Long Tour Commercial, First National Both In Fine Shape Declares Fant DEPOSITS INCREASE Sam Royall Appointed As Receiver For Bank Of Florence banking situation in the city Florence absolutely clarified." said State Bank Examiner Albert Fant reporter for The Morning last night "Both Savings Bank and The First Bank Florence are in fine what more they enjoy the confidence of the public.' declared that its the banks business Florence had creases. He pointed that the banks have cash in their In discussing the banking situation here. Mr. Fant freely and frankly voiced his satisfaction and pleas over conditions exist respect to The First National and Commercial and Savings Mr Fant made this statement fol. lowing day ences and here and in oth parts Eastern no he attended ing the stockholders of the Palmetto Bank and Trust Company which on October 26. hours after had become known Bank Florence opened business that morning Messrs Watson houn the State Bank examiner's office were also present at the ference. The ratified the action of the board of directors San placing the the bank the hands the state bank aminer and passed commending them for the action committee to ascertain any could worked for rehabilitation of the bank This committee make report its findings to the state examiner. Following the meeting of stockholders the late yesterday afternoon the directors met appointment Sam Royall of this city receiver. expressed warm approval of Mr. Royall's Judge who holding civil court here. night issued the appointment Mr. Royall is pected qualify for the position some time this week He enjoys the complete of the ple of section of receiver for the Bank of Florence means of course that its affairs will now enter the process liquidation Mr. Fant announced last night that had appointed H. Lucas. of the Palmetto Bank Trust Company assist Mr. Calhoun handling the affairs the Bank Scranton and the Farmer's Merchants Bank Coward Mr. Lucas visited both places The Farmers and Bank given Coward of which Lynch president. failed for busiyesterday morning has that capital stock $20,000 Decision close the state bank examwas reached by the directors after on the bank starting time Tuesday reached serious the proportions STANFORD UNIVERSITY Herbert Hoover the his good will mission to South This was disclosed today as Mr. Hoover went into variety details connected with the itinerary his trip lunchwith Victor Kimberly the Battleship Maryland which will leave Pedro Monday for the continent to the Southward Present plans call for the departof Hoover and his party from Alto on special train Sunday evening The train would San Pedro without stopping Angeles and immediately his arrival Mr Hoover plans board his and ship Under the schedule. which was pointed out, susceptible many the first port after leatving San Pedro would Corinto on West Coast ragua, probably would by the president of that Republic From he would move down the Coast to Panama Canal Zone where brief would stop made to enable Mr. Hoover inspect the Panama Canal Callao. Peru, would be next port to which he present flexible schedule would him from that point he could Lima, capital Peru Valparaiso would be touched next. place the general plan has move the Andes the Eastern the continand Bolivia consideration but decision yet has been reached garding the inclusion these counthe itinerary for his journey Certain of his itinerary tof Henry who to him the trip the State Depart expected reach Alto Sunday from Washington and travel the special train the Pedro. Nicaragua the only Central American which even tentatively on good will Information was obtained that Mr returning to Washington until the day his inauguration on March It is fairly certain now that after returning America will establish his headquarters some point Florida, lected. and will summon there party leaders with whom discuss affairs of his administration
