THREE BANKS CLOSE
PANIC AT PALM BEACH HEAVY WITHDRAWALS NEW YORK, March 8. News from West Palm Beach states that the most frenzied rush in the history of Florida finance since the artificial real estate boom deflated, occurred when three leading banks closed their doors. The streets were jammed with clients seeking to withdraw money from the remaining banks in the city, runs on which were so heavy that armoured cars were sent from Miami with cash to avert a panic. Heavy withdrawals during the past few months, and the unsettled condition of affairs in this part of the State are held responsible for the three banks closing.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19270310.2.80
Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19787, 10 March 1927, Page 8
Word Count
108THREE BANKS CLOSE Wanganui Chronicle, Volume LXXXIII, Issue 19787, 10 March 1927, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in