9530574391547 953057439
hash
38df8b087cb6a740None
Click image to open full size in new tab
BANK SUSPENDED Superintendents of Banks A. B Mobley today announced the receipt of notice of closing of the Citizens Bank of Fort Valley. Ga. Fort Valley is in Central Georgia. near Macon, where the Fourth National Bank closed yesterday after a run. and is the center of the Georgla peach growing country. It was capitalized at $100.000 and had surplus and undivided profits of about $78.000. according to the banking départment.
Click image to open full size in new tab
George Slappey in Argument FORT VALLEY Nov. George Slappey. business man Fort Valley with estate holdings here and in Macon, fined home with knife wounds an altercation downtown street at noon said have resulted argument the closing of the Citizens W S. White of mayor Fort Valley. described as the wielder the knife There number witnesses. No been preferred against the mayor mutual friends describe the cutting "friendly Neither interested the management of the closed bank. and the gument had do policies in depositing cash.
Click image to open full size in new tab
EIGHT GEORGIA BANKS CLOSED Institution Drags Small Ones Down United MACON, Nov. 28. Eight small Georgia banks were closed today result of failure bank, Macon, with listed reof more than With the exception the Citizens' bank, of Fort Valley, capitalized at other institutions, Bank of Byronville, Irwinton bank, Bank of Preston, Citizens' Bank company, of Culloden, Bank of Bradley, Farmers' Merchants' bank, of Gordon, Farmers' bank, of at from $15,000 to were closed aftheavy runs due to the scare that followed ing of the Macon bank. All the banks are located in the Georgia peach With Clyde J. Edwards in charge of an audit, and Claude Gilbert, named of the Fourth National plans under today to adjust affairs could be cared for. Exact cause of the run was concealed, altho circles said recent investments had turned out poorly.
Click image to open full size in new tab
Eight Banks Of Georgia Close; Concealed Macon. Ga., Nov. Hearts of Celery Georgia banks were closed today the Fourth result of the failure Monday National bank of with listed resources of more than bank With the exception of the Citizens Fort Valley, $100,000, the other institutions, capitalized the Bank Bank of Byronville, Irwinton bank, Preston, Citizens Bank pany Farmers' of Culloden, Bank of Bradley, comand Merchants' bank of and Farmers' bank of Byron
Click image to open full size in new tab
EIGHT BANKS CLOSE IN GEORGIA PEACH BELT Failure of Macon Institution Is Cause of Run on Accounts MACON, Ga., Nov. small closed today as result the failure Monday of the Fourth National Bank Macon, listed resources of more than $11,000.000. With the exception of the CitiBank Fort Valley, talized at the other insti- capiBank Byronville, Irwinton Bank, Bank of Preston, Citizens Bank Company of CulloBank of Bradley, Farmers & Merchants Bank Gordon and Farmers Bank italized from $15,000 to $25,- The institutions closed were heavy Tuesday due financial followed closing the Macon bank. All banks are located in the Geopeach belt. Exact cause the run was conrealed. although financial circles recent investments had turned poorly.
Click image to open full size in new tab
NINE BANKS CLOSED Eigh Shut After Collapse of One in Macon. By The United Press. Macon, Ga., Nov. 28.-Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of Macon, with listed resources of more than $11,000,000. With the exception of the Citizens Bank of Fort Valley, capitalized at $100,000, the other institutions. the Bank of Byronville Irwinton Bank, Bank Preston. Citizens Bank Co. of Culloden, Bank Bradley, Farmers &, Merchants Bank of Gordon and Farmers Bank of were capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closing of the Macon bank. All the banks were located in the Georgia peach belt.
Click image to open full size in new tab
GEORGIA BANK'S FAILURE MAKES 8 OTHERS CLOSE Ga., Nov. 28 Georgia closed today result of the failure Monday of the Fourth National Bank of listed resources of more than With of the Citizens $100,000, Bank of Fort Valley, capitalized other the Bank of Irwinton of Preston, Company Culloden, Bank of and of Gor don and Bank of Byron were capitalized at from $15,000 to $25,000. The closed after runs Tuesday due to the financial that closing All the banks cated in the Georgia
Click image to open full size in new tab
EIGHT BANKS CLOSE WHEN ONE FAILS MACON, Ga., Nov. Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National bank of Macon. with listed resources of more than With the exception of the Citizens' bank of Fort Valley. capitalized at $100,000. the other institutions. the Bank of Byronville, Irwinton bank, Bank of Preston, Citizens Bank company of Culloden, Bank of Bradley, Farmers and Merchants' Bank of Gordon, and Farmers' Bank of Byron capitalized at from $15,000 to $25,000. The institutions were closed after heavy runs Tuesday due to the financial scare that followed closIng of the Macon bank All the banks located the Georgia peach belt. Exact cause of the run was con. cealed, although financial circles said recent investments had turned out, poorly.
Click image to open full size in new tab
EIGHT GEORGIA BANKS CLOSED MACON. Ga. Nov. Eight small Georgia banks were closed today as result of the failure Monday of the Fourth National Bank of with listed resources of more than With the exception of the Citizens bank of Fort Valley, capitalized $100,000. other institutions. the bank of Byronville and Bank of Irwinton: Bank of Preston. Citizens Bank company of Culloden. Bank of Bradley, Farmers and Merchants Bank of Gordon. and Farmers bank of Byron were capitalized at from $15,000 $25,000 The institutions were closed after heavy runs Tue day due to the financial scare that followed closing of the Macon bank
Click image to open full size in new tab
EIGHT MORE BANKS CLOSED IN GEORGIA Shut-Down of Fourth Nation- Merchants Bank of Gordon, the Bank of Culloden and Bank of Preston The State bank examiner will charge once and every effort will be made to reorganize and reopen the banks as soon as possible. What caused the run on the Macon not known. One reports lays to rumors regarding the dropping egotiations for the sale Fourth National to syndicate of Atlanta The Citizens Bank of Fort Valley is declared by its officers to be vent and the suspension to desire to conserve assets. President Edwin Martin said had capital of $100,000 and and surplus undivided profits of There was run the bank fol. lowing news of the run in the Fourth The Byron bank had capital stock
Click image to open full size in new tab
PEACH COUNTY BANK CASE DECIDED Supreme Court Upholds Decision on Seizure of Davidson Deposit ATLANTA July 19. holder of an insolvent bank cannot set off his individual deposits against his legal responsibility to other depositors. the Georgia Supreme court ruled Saturday affirming decision of the Peach Superior court When the Citizens' bank of Fort Valley failed in 1928, each stockholder 100 per cent to pay depositors. E. Davidson owned 20 shares of capital stock and had more than 000 on deposit in the bank. The state issued an execution on the $2,000 and used the money to help pay deDavidson contended the state ob. tained the money under duress and sued for its return. The Peach court held the execution was legal and was Incidentally Davidson had his other deposits in the Fourth National bank at Macon. closed its doors the day before the Fort Valley bank The conviction of Marshall Phillips of Laurens for the murder of Leo Blackshear was upheld Phillips was sentenced to life last January and appealed The decision of the Coffee superior court, which found John Henderson guilty of the murder of Robert Mc Queen last year. also was affirmed Henderson was sentenced to life im-