The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-01-11

That it is the intention OF National
Bank Examiner :. .. GuodheaYt to
cause the business Of the First Nation
al Bank, recently closed, 10 be taken
over by one Of the other local banks.
was CLEANED from his interview given
to a Journal representative Saturday
night. There IS a possibility OF such
an amalgamation," said Mr.. Goodheart,
and ] want II impressed upon the
public mind that this would be a splcn-
did arrangement, because the deposi-
tors funds would be available i'm
mediately upon the taking over oe
one bank by the other. IL this ar
rangement can be perfected the
officials Of the two Institutions will
deserve great credit and the deposi-
tors would unquestionally fare we'll"
Mr.. Goodheart declined to state
which OF the two banks he had refer
enCe to In referring 10 a possible
consolidation, but did state that the
home of the First National could be
utilized in the event of the consumma-
ton of such scheme,
Mr.. Goodheart arrived fu the ci ~
yesterday morning, being instructed BY
the comptroller OF the currency to
come TO Pensacola and take charge Or
the First National Bank. One Of his
first acts was 10 post q notice on the
door OF the Institution 10 the effect
that the bank is in the hands Of the
Honorable Comptroller OF the Curren-
cy. The examiner. who had been in
Pensacola on previous occasions. and
who is, as q consequence, well In
formed about the local banks. spent
the day making preliminary ex-
animation of the institutions condi-
ton and last night appeared quite
optimistic as to the future.
BE PAID IN FULL.
Mr.. Goodheart said he thought there
was a strong possibility OF the deposi-
faTT mi 4 in FrrTn
went to liquidation, but he thought the
chances were that the business Of the
First National Bank would be alb
sorbcd By one Of the other banks here.
In the even of the consolidation the
building Of the First National would
unqUestionalIy be occupied by the new
institution. the board of directors OF
which l.. Hilton Green no doubt would
head. 1t may be impossible, however.
to bring about this analgamatiou.
MIR. Goodheart had spent most Of
Saturday In the First National Bank
going over the affairs Of the institu-
ton.
Asked II ne could give any idoa as
to when the funds Of the bank would
be available Mr. Goodheart said that
he could not state definitely. He said
the funds would DO available immedi
ately In case a consolidation could bo
brought about, and no was OF tho
opinion that II could be perfected.
Tho street rumOT OF Saturday 10 tho
effect that the First National Bank
had received q large shipment OF
currency yesterday fEDm New Orleans
was cuicted by Mr.. Cfoodheart who
said he knew there had been no money
received by the First National Bank
from out Of town since his arrival.
People desiring to remove their
papers and other valuables from the
safe deposit vaults Of the first National
Bank Saturday were permitted to DO
50 only after Mr.. Goodheart had salts
owe the bank any money.
Mr.. KNOWLES RETURNS.
Vice President William r. Knowles.
OF the bank, who went to New York
the day before the failure Of the insti
tuition for the purpose Of saving it. II
possible, returned to Pensacola Satur-
DAY afternoon. When called by tsle-
phone he said he had been buoy at tho
bank since his arrival, that he would
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