The Montgomery Advertiser
- Death list mounts
- To prevent a halt in road building [opening OCR unclear]
- 15 Georgia banks reopened
The Advertiser describes storm-driven rivers disrupting transport and devastating rural Kansas, with at least five deaths and damage still being estimated. In Alabama, Brandon offers cooperation to keep road construction going but makes a special session conditional on the incoming administration’s wishes and an agreed program. Georgia officials distinguish 15 banks already reopened independently from further reorganizations they expect in the coming days.
Translation
Death list mounts
DEATH LIST MOUNTS
Toll of human life reaches five, with property damage estimated at more than four million.
Several towns flooded with rivers on rampage.
Governor […] requested to issue statewide appeal for needed relief.
EMPORIA, KAS., Sept. 13.—(AP)—Floods and storms in southeastern Kansas had taken a toll of at least five lives late today, inundated several towns, wrought damage estimated as high as four million dollars and made scores homeless. Wire communication was hampered and traffic on some main and branch line railroads impeded.
Torrential rains Sunday in the watersheds of the Neosho, Cottonwood and Verdigris rivers put those streams on the rampage and there was heavy loss of livestock and enormous crop loss as the flood swept southeastward. Reports received here indicated the property damage was heaviest in the rural sections.
To prevent a halt in road building [opening OCR unclear]
TO PREVENT HALT IN ROAD BUILDING
Will not call extra session, however, unless Graves favors plan; constitutional rules may forestall early aid.
Gov. W. W. Brandon is willing, he says, to cooperate in every way with Governor-designate Bibb Graves to prevent a cessation of road building in Alabama but will not call a special session of the legislature unless the incoming administration desires it.
The interview with Governor Brandon resulted Monday when his attention was called to the publication in the Sunday morning press of a letter written by Governor-designate Graves to the Anniston Chamber of Commerce wherein the governor-designate said he did not think it advisable to have an extra session during the present administration.
Governor Brandon, when asked for a statement, said: “Unless the incoming administration desires an extra session and a definite program can be agreed upon, I can see nothing that can be accomplished by such call. However, I will cooperate in every way possible with the governor-designate that there may be no cessation in road building in Alabama. Governor-designate Graves being out of the state, I have been unable to ascertain his plans, except what I have read in the newspapers, and I cannot say whether he will ask for an extra call or not.”
15 Georgia banks reopened
FIFTEEN GEORGIA BANKS REOPENED
Financial institutions closed by recent failure resume business independently.
ATLANTA, GA., Sept. […].—(AP)—Fifteen Georgia banks that were closed with the failure of the Bankers Trust Company of Atlanta have reopened as separate and independent institutions, and twelve others will be reopened within the next week, state banking department officials announced today.
In addition to the twelve banks that are in the process of reorganization, the twenty units of the Georgia State Bank are expected to be reorganized and reopened shortly, it was announced. A meeting for the reorganization of the Georgia State Bank units will be held here the latter part of the week.
The total resources of the reopened banks within the next week will be one-third of that of all the Georgia banks that closed this summer, W. J. Davis, general agent for the state banking department, declared late this afternoon. The total resources of the closed banks, he pointed out, were $18,000,000, while those of the reopened banks will be $6,000,000.
Context
Flood damage reached the systems that sustained rural life
The dispatch connects losses of livestock and crops with interrupted rail traffic and telegraph service. Farms faced damage to the goods they produced and to the means of moving goods and obtaining information. That combination helps explain the appeal for relief across the state: the effects spread beyond inundated houses to rural livelihoods and the transport links connecting towns with their surrounding countryside.
Road construction had to survive a change of administration
Brandon’s statement places the continuity of public works within a political handover. The outgoing governor could summon the legislature, but he wanted both the incoming administration’s support and a definite programme. Graves’s letter to a chamber of commerce shows that business organizations were part of the discussion. Keeping road construction going thus required coordination among the current executive, its successor and legislators, rather than a promise by one officeholder alone.
A shared source of credit spread Georgia’s banking crisis
Georgia’s later annual banking report describes a network of banks whose credit and policies depended on the Bankers Trust Company. It links the crisis to the loss of funds from connected Florida institutions after speculative deflation there. Shared financial support could therefore transmit a shock across many local banks. Reopening as separate institutions, the development highlighted in this article, addressed the aftermath of that network’s breakdown and the task of restoring local banking operations.
Original
DEATH LIST MOUNTS
DEATH LIST MOUNTS
Toll of Human Life Reaches Five
With Property Damage Esti
mated at More Than
Four Million
SEVERAL TOWNS FLOODED
WITH RIVERS ON RAMPAGE
Governor Paulin Requested to
Issue Statewide Appeal For
Needed Relief
EMPORIA, KAS., Sept. 13.-^
(AP)—Floods and storms in
Southeastern Kansas had taken a
toll of at least five lives late to
day, inundated several' towns,
wrought damage estimated as
high as four million dollars and
made scores homeless. Wire
communication was hampered
and traffic on some main and
branch line railroads impeded.
Torrential rains Sunday In the wa
tersheds of the Neosho, Cottonwood
and Verdigris rivers put those streams
on the rampage and there was heavy
loss of live stock and enormous crop
t loss as the flood swept southeastward.
Reports received here Indicated the
property damage was heaviest In the
rural sections.
10 PREVENT HALT IN ROAD BUILDING
10 PREVENT HALT
IN ROAD BUILDING
Will Not Call Extra Session,
However, Unless Graves Fav
ors Plan; Constitution Rules
May Forestall Early Aid
Gov. W. W. Brandon Is willing, he
says, to cooperate In every way with
Governor-designate Bibb Graves to
prevent a cessation of road building
In Alabama but will not call a spe
cial session of the legislature unless
the Incoming administration desires it.
The Interview by Governor Brandon
resulted Monday when hlB attention
was called to the publication In the
Sunday morning press of a letter writ
ten by Governor-designate Graves to
the Anniston Chamber of Commerce
wherein the governor-de'slgnate .said
he did not thinly it advisable to have
aq extra session during the present
administration.- -I
Governor Brandon, when asked for a
statement said: "Unless the incoming
administration desires an extra ses
sion and a definite program can be
agreed upon, I can see nothing that
can b*-‘ accomplished by such call.
However, I will cooperate in every
way possible with the governor-desig
nate that there may be no cessation in
road building In Alabama. Governor
designate Graves.being out of the state
I have been unable to ascertain his
plans, except what I have read In the
newspapers, and I cannot say whether
he will ask for an extra call or not."
FIFTEEN GEORGIA BANKS REOPENED
FIFTEEN GEORGIA
BANKS REOPENED
Financial Institutions Closed by
Recent Failure Resume
Business Independent
ATLANTA, GA., Sept. IS.—(AP).—
Fifteen Gorgia banka that arera closed
with the failure of the Bankers Trust
company of Atlanta, have reopened as
separate and Independent Institutions,
and twelve others will be- reopened
within the neat week, state banking
department officials announced today.
In addition to the twelve banka that
are In the process of reorganisation,
the twenty units of the Georgia state
bank are expected to be reorganized
and reopened shortly. It was an
nounced. A meeting for the reorganisa
tion of the Georgia state bank units
will be held here the latter part of the
week.
The total resources of the reopened
banks within the next week will be
one-third of that of all the Georgia
banks that closed this summer, W. J.
Davis, general agent for the state
banking department, declared late this
afternoon. The total resources of the
closed banks, he pointed out, was
(18,000,000, while that of the reopened
banks Will be (6,000,000.
Source: Holding institution