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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jul 18, 1968
Page
1
A Birmingham based group seeks to gain control of State National Bank of Alabama in Decatur. The move could affect Decatur’s future and Alabama banking. The group’s identity remains undisclosed, and the bid promises substantial long range impact on local finance and regional banking trends.
Washington AP The rise of George Wallace in public polls alarms both parties with potential to pull Electoral College votes. Republicans fear a Wallace vote hurts them most though Democrats also worry about a split that could force the House to decide the presidency. A bipartisan effort to neutralize Wallace gains momentum as Goodell and Udall plan pledges for nominees to back the winner of the national popular vote.
Clarence Wilson Taylor Sr. 84 of 123 Lafayette St NE died today in a local hospital. Funeral services set for Saturday at 2:30 p.m. at Grant Street Church of Christ with Ralph Stout and Charles R. Brewer officiating. Burial in Rose Lawn Cemetery. Gunthorp directing. See TAYLOR on Page A-11. Transferred call Sharp Movers for details.
The article notes a Birmingham led group under Harry Brock Jr. seeks to gain control of State National by securing stock, claiming a unique Alabama charter allowing branches outside home county. The target bank ranks among the state’s top four, with Brock known as a hard driving banker.
Analysis notes a potential merger between State National and the Central Bank and Trust Co. If combined, the two institutions would create a sizable banking entity.
Speculation suggests Long Range Effects may rise to second largest bank in the state with a Birmingham based group pushing to move headquarters from Decatur. If that occurs Decatur could retain only a North Alabama division, while Brock leads a Birmingham influenced board in a potential merger.
U S troops battled for five hours near Loc Ninh 75 miles north of Saigon as North Vietnamese 32nd Regiment arrived from the Central Highlands. US HQ says 34 enemy killed, 4 Americans dead, 23 wounded. Defense Secretary Clifford cautioned on bombing and the threat of a new major attack.
President Johnson and Secretary of State Rusk depart Austin for a Hawaii summit with South Vietnam leader Nguyen Van Thieu. Talks in Honolulu will cover the Southeast Asia war and preliminary Paris peace talks.
Elberto Peaches priced at 3.49 dollars at Smith's Fruit Stand on Highway 131. Adv. listing notes availability of bushes near the stand in an rural area.
Birmingham banker Harry Brock Jr and several directors claim 31 percent working control of State National Bank of Alabama in Decatur as a Birmingham group seeks 55,000 more shares at 70 dollars to gain a 51 percent stake. Hugh Morrow III leads another Birmingham faction ready to outbid. Board meetings and names of involved directors were not disclosed.
The Decatur Park and Recreation Board announced Aquadome Park as the new title after residents voted from four options. Other names Southwest Sunshine Crestview and Hillcrest drew only 11 votes. about 80 total votes favored Aquadome named for the dome covered pool a key park feature.
Advertisement for Robinson's Warehouse offering cash for used furniture and appliances with contact numbers 1353 and 2370.
Third party presidential candidate George Wallace will appear on CBS Television program Face the Nation Sunday per his headquarters. Akron City Council declares a state of emergency amid looting vandalism in a Negro neighborhood. The economy shows near record inflation but cooling signs per the Commerce Department. Eisenhower endorses Nixon for the Republican presidential nomination.
Arab informants report two Israeli Mirage jets conducted reconnaissance near Cairo last month while Nasser and his villa area were observed. Egyptian officers faced court martial over the incidents, not officially confirmed by Israel or the UAR. rumors in Cairo said Nasser viewed one jet from Manshiet El Bakry.
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