Word: esparto
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Dates: during 1930-1939
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...with Illinois' 207 bank closings last year, Iowa's 150, Michigan's 86, California boasted a lean 32. Last week a wave skittered down California's sun-drenched Sacramento Valley, toppled over Woodland's Bank of Yolo with $2.500,000 in resources, washed away Esparto's Bank of Esparto, struck down the two biggest independent banks in the State Capital, the California National of Sacramento and the California Trust & Savings. Closing of the two Sacramento institutions tied up $34,000,000 in 9,000 commercial accounts, 36,000 savings accounts. Cause: silent runs. Airplanes...