Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-16

ton, Commerce Bank and Trust Co,
Bank of AdairsvilIe. Farmers and
Merchants Bank, ats Rebecca: Mer-
chants and Planters Bank at villa
Rica: Merchants and Farmers Bank.
at Sylvester; Bank of Pineview, Mer-
chants and Farmers Bank at Ten.
nile, Turner County Bank, at Ash.
burn, Bank of Stockbridge, and Mer.
chants and Planters Bank at Wing.
ham.
Not Under State Control.
Onicials Of the state Banking De
partment pointed out that virtually
all OF the Georgia banks that have
closed were members Of the Bankers
Trust Co. chain. The Bankers Trust
Co., they said, was q corporation and
not under the supervision Of the State
Banking Department.
The banks themselves, however,
Judge Orviile Park Of Macon, chief
counsel for the Georgia Bankers As
sociatfon, said, ara under the jurisdic-
ton OF the State Banking Department
and not within that Of the Federal
court.
Judge Park said that Gov. walker
heartily agreed with officials of the
State Banking Department that the
general banking situation in the State
was In better condition than 1t had
been in years. So thoroughly con-
WINGED of the fact was Gov. Walker,
Judge Park said, that he started on
his vacation yesterday.
In q statement issued after the ap-
pointment Of former Gov. Dorsey ana
Mr.. Ottiey AZ receivers for the trust
company, T. r. Bennett OF the State
Banking Department declared the
atmosphere was clearing"
while several additional banks
closed their doors today. the number
Is much less than anticipated" ne de.
clared. Practically all the banks
which have suspended in the last few
days were connected with the Bank
ers' Trust Co., and the failure Of the
trust company occasioned its suspen-
sion. When it Is known that the
trust company affairs are being prop.
erly administered the banks and their
customers viii have . new feeling Of
security.
Sees Banking as Sound.
II repeat what / said yesterday,
that there 10 nothing wrong with
Georgia and her financial institutions.
The present furry Is due entirely to
causes originating outside the state
ana does not indicate any weakness
on the part Of Georgia banks.
In number Of cases there was
no necessity Of closing the banks even
temporarily. The directors simply lost
their heads and turned the banks over
to the department. In few days,
when the present wave Of hysteria has
passed. they win realize that they
acted hastily and without proper con-
sideratior.. +
Banks Previously Closed.
The hanks which clossd previous to
Bail Ground Bank. bank Of abb
vile. Bank Of Alapaha, Alma State
Bank, hank o1 Arnoldsyille, Farmers
and Traders, Bank, Atlanta: Barlow
County Bank, State Bank Of Cochran,
Madison County Bank, Conner Bank,
Bank Of ChauIicy, Earmers and Ne.
chanicS' Bank, Chipley; Bank of Pow.
der Springs, Bank Of Piainyille, Bank
Jog Lexington, Bank Of Roopville. Bank
land State Bank, Temple Banking CO.,
city Commercial Bank Of woodbury.,
Bank 81 Warm Springs. Twiggs CouIi.
tY Bank, Bank of gtapletof, Bank
az Palmetto, Commercial Bank Of DIAL.
In, Bank Or 1.eeghufK, Bank Of Dam
Ivilie. Tayl0r County Bank. Butler;
Bank 81 Lyerly. Bank Cf Cusseta,
R0ckmAfk Bank, BAnk of Smyrna,
Paramount Bank Macon County Bank,
O9iethurpe: Lakewood Bank. Atlanta:
Bank of Rochelle, Hahersham County
Bank Clarkesyille; CorneIio Bank,
COrnelia: CcrpeIin BAnk Demar1nt;;
Bank os Lula, Bank Of Casgville, Hank
81 Williamson. Bank Of Hamilton,
Planters Bank. DOnaldpOnEille, and
the Georgia state Bank. Atlanta, with
branches III the following towns Of
the State:
Baxley. BOwdon Br0nM0od. Gnets-
worth. EofdeII. Cnmmfn8 Douki2a.
DcnglAsyille Dublin. k'rsenssqfe.