Click image to open full size in new tab
Article Text
1st Nat'l Bank at Campbell Closed
Other Bank There Receives Assurance From Its Correspondents.
The First National Bank of Campbell failed to open its doors Wednesday morning, when the public was greeted with this notice on the door of the bank:
November 19, 1930
NOTICE
This bank closed by its Board of Directors and placed in the hands of the National Banking Department.
M. L. CONE, President.
G. H. HALL, Vice-Pres.
T. A. WOODS, Jr., Cashier.
The bank was capitalized for $40,000, but according to its last published statement of September 24, of this year, had no surplus. The statement showed undivided profits of $423.59, and other items in its liabilities were: Circulating notes, $7,500.00; Due to Banks and Bankers, $1,326.43; Demand deposits, $73,089.63; Time Deposits, $51,473.48; Bills payable, $50,000.00; Other Liabilities, $4,740.00, making a total of $228,553.13.
The principal items in its lists of resources, according to the published statements in September, were Loans, $151,309.88; Banking house and fixtures, $20,083.86; Real estate owned other than banking house, $12,255.69; Cash and due from bankers, $27,420.46; with other miscellaneous items making up the total of $228,553.13.
Dr. M. L. Cone of Campbell, was president of the bank; G. H. Hall, vice-president; T. A. Wood, Jr., cashier. Directors signing the September statement, were M. L. Cone, N. N. Rice and T. W. Benson.
This is the second bank to be closed in this county this month, the Bank of Senath closing November 10.
The First State Bank, of which John T. Ponder is cashier, received telegrams Wednesday from its correspondent banks in St. Louis and elsewhere, to call upon them should a run threaten. However, on that day, deposits more than equalled withdrawals, and there was no uneasiness shown by the depositors of that bank.
NOTICE TO MAILERS
Outgoing mail must be mailed early each day.
Big mailers and the business houses are requested and urged to deposit their outgoing mail early. Mailing should begin not later than three-thirty each afternoon. A large amount of mail is being deposited around five o'clock, and cannot all be sent out as it takes much time to separate and prepare the mail for dispatch. To be assured of your mail being dispatched deposit it between the hours of 3:30 and 4:30. The local postal force is trying to give the most efficient service, but to do so must have the co-operation of those who deposit mail in large quantities.
