Word: holston-union
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...must face other trials. There are still the Federal and State matters of the Holston-Union National Bank in Knoxville. And there is still to be a trial in connection with the defunct Liberty Bank & Trust Co. of Nashville, whose president shot himself two weeks after it closed. But last week's sentence marked the complete deflation of a great southern hero, one who had attempted to build an empire on the pillars of politics, finance and the Press, who was once the youngest U. S. Senator (32), who was given the Distinguished Service Medal for his courageous actions...
...revealed many a skin-tight alliance between the banking interests of Rogers Clark Caldwell and the newspaper-political interests of his crony, Col. Luke Lea. Last week a federal grand jury pried into the affairs not of the big Caldwell-controlled bank of Tennessee but the smaller Holston-Union National Bank of Knoxville which went under early in the storm caused by the failure of Caldwell & Co. What the jury found was not pleasing. Contemplation of it lead to what many southerners had long expected, had begun to think might never come-orders for the arrest of Rogers Caldwell...
...Armored cars and an airplane brought gold to Maury National Bank and stopped a run. In Knoxville, Holston-Union National Bank failed after a brief run, starting runs on other banks. Two of these hurriedly announced they would merge...
...Jacksboro, Campbell County Bank, with $29.000 on deposit with Holston-Union, was forced to suspend...
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