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The paper editors of Mobile defended Gaines because he was responsible for making Alabama's first multi-million dollar bond sell.
After this fiasco occurred, Gaines returned to Mobile and regained his position as President of the State Bank of Alabama at Mobile. Gaines and the bank executives helped the bank to make large profits but according to the state bank commissioners stated that the bank had large looming liabilities...
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Gaines and the bank executives helped the bank to make large profits but according to the state bank commissioners stated that the bank had large looming liabilities. George Strother Gaines again had to defend his work but kept going as all the times before. Gaines' knowledge of financial matters and his bank's success led to Mobile becoming the economic center of Alabama...
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