Changes

On [[February 1]], [[1914]], the Liverpool-based firm [[Crow, Rudolf & Company]], which managed much of Pensacola's timber exports and in which the First National Bank had invested nearly a half million dollars, announced it could not meet its debts. Soon thereafter a federal receiver named [[R. W. Goodhart]] was sent to audit the bank. Despite having more than $400,000 on-site in its vault, the First National Bank was ordered to close.