Western Carolina Bank - Asheville, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 28, 1901
Location: Asheville, North Carolina (35.601, -82.554)

Metadata

Model: gpt-5-mini
Short Digest: 24829b9c25bb7fa1

Response Measures

None

Description

Article (Nov 28/29 1901) states George H. Smathers went to New York to sell Madison County bonds that came into his hands as receiver of the Western Carolina Bank. This indicates the bank was in receivership/closed; no run or reopening is mentioned.

Events (1)

1. November 28, 1901 Receivership

Newspaper Excerpt: Mr. George H. Smathers has gone to New York to sell Madison county bonds, which came into his hands as receiver of the Western Carolina bank.
Source: newspapers

Newspaper Articles (1)

1. November 29, 1901 The News & Observer Raleigh, NC

Article from The News & Observer, November 29, 1901

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Article Text

able young preacher. Pittsboro, N. C., Nov. 28.-The county commissioners, at their meeting next week, will consider the petitions for the establishment of the stock law in nearly all of Chatham west of Haw River. The petitioners claim to have more than the required majority. I Hillsboro, N. C., Nov. 28.-The Union Thanksgiving services of the Baptist, Methodist and Presbyterian congregation was held at the M. E. Church this morning at 11 o'clock and was conducted by Rev. J. W. Goodman, Presbyterian pastor. Asheville, N. C., Nov. 28.-Mr. George H. Smathers has gone to New York to sell Madison county bonds, which came into his hands as receiver of the Western Carolina bank. There has been some doubt of their validity but the Supreme court has removed all doubts. Burlington, N. C., Nov. 28.-The next session of the Christian Conference will be held at New Lebanon church, Rockingham county. Rev. Dr. W. T. Herndon was president and Rev. J. W. Holt secretary of the session just concluded at Shallowford church near here. The meeting was profitable and the reports showed progess in every line of church work. --Greensboro, N. C., Nov. 28.-Prof. T. Gilbert Pearson's new book, "Stories of Bird Life," which appeared three weeks ago, has already been adopted as a supplementary reader in the public schools of Boston. The State Superintendent of Public Instruction of New Jersey writes that the book has been adopted for use in the public school libraries of that State. Prof. Pearson's friends are congratulating him.