10461. National Bank (High Point, NC)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
3490
Charter Number
3490
Start Date
June 1, 1886
Location
High Point, North Carolina (35.956, -80.005)

Metadata

Model
gpt-5-mini
Short Digest
dbb17b1a449cefd2

Response Measures

None

Description

Articles show the High Point National Bank was opened June 1886 (announcement) and by 1933 a receiver (John D. Biggs) had been appointed and was collecting assets and pursuing suits in 1933โ€“1934. No article describes a depositor run; the bank was in receivership (i.e., closed) and receiver actions continued into 1934, consistent with suspension followed by permanent closure/receivership.

Events (6)

1. April 21, 1886 Chartered
Source
historical_nic
2. June 1, 1886 Other
Newspaper Excerpt
The High Point National Bank will be opened for business the first day of June.
Source
newspapers
3. November 28, 1907 Voluntary Liquidation
Source
historical_nic
4. July 13, 1933 Receivership
Newspaper Excerpt
Total Collections By Bank Receiver Reach $2,448,303 ... John D. Biggs, receiver National bank, have been made public.
Source
newspapers
5. January 30, 1934 Other
Newspaper Excerpt
Recovery of $4,510 on three promissory notes sought ... by John D. Biggs, receiver of the National bank, High Point.
Source
newspapers
6. March 28, 1934 Other
Newspaper Excerpt
Argument ... in the $6,000 stock assessment suit of John D. Biggs receiver of the National bank, of High Point.
Source
newspapers

Newspaper Articles (4)

Article from The Weekly Sentinel, May 6, 1886

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Article Text

A calf in Wilson county, according to the Advance, sucks eggs like a dog. The case of the Town and State VS. C. C. Daniels was up before the Superior Court last week. It will be remembered that we put in an engine to work our press with some time ago. The Town fined us one hundred dollars for running the engine. We took an appeal to court and the case was dismissed last week, because the Town exceeded its jurisdiction.- Wilson Advance. NEW HANOVER. The Wilmington Gas Light Co., are preparing to renew and enlarge their plant. Preparations for the lighting of Wilmington entirely by electricity are in progress. Mr. McNett has the contract and has given bond for the work. There will be fifty are lights of 2,000 cardle power each to be located at the distance apart from each other of not more than 800 feet, making one at every other intersection of streets. Work will be begun immediately. GUILFORD. Mr. Paalzow will erect a mill at High Point, for grinding bark. An offer of $20,000 has been made for the Gibsonville Gold Mine. Dr. J. A. Hodges, of Fayetteville, will deliver the memorial address at Greensboro the 10th of May. Mr. Ed and Bascom Field, of High Point, have moved to Greensboro and will manufacture tobacco. The High Point National Bank will be opened for business the first day of June. The safe they have purchased is of the latest improved and most approved made and weighs about 7,500. RICHMOND. Mr. Allen Patrick, of Rockingham, killed recently, a water moccasin which measured four feet and ten inches in length and was large in proportion. Miss Lucy E. MeIntosh, of Wolf Pitt township, the young lady who a few weeks ago was bitten by a dog supposed to be mad, was taken to Dr. Kollock, immediately, who lost no time in cutting out the affected part and cauterizing the wound. The place is healing favorably. DAVIDSON. Correspondence of the Sentinel. Notwithstanding the low price of tobacco preparation is being made for a large crop. New barns are being erected ground is ready for setting, and plant beds look fine. Most farmers are done planting corn, though some will be planted yet. The dry weather injured gardens somewhat, but the late rains will bring them out, and the housewife smiles as she thinks potatoes and peas, corn and beans are things of the near future. The prospect is good for an abundant fruit cฮ“op, but the thought is fraught with sadness, when we remembered, that SO much of it will be turned into that which causes misery and crime, crowds our jails and poor houses, and fills our country with mourning bloodshed and The quiet of our neighborhood was broken last week, by three suspicious men, two colored and one white, supposed to be escaped convicts, who are hiding in the vicinity of Abbott's Creek church. Monday morning as a negro girl living with Mr. J. P. Traynbam, was returning from her uncle's, she saw one of the negros behind a pile of wood. The girl started to run, and the man ran after, but she escaped and reached home, breathless and very much frightened. The alarm was given, and Esquire Davis and about thirty men hunted all day, but failed to eatch the intruder. They have been seen several times since, once in Mr. Traynham's barn but have managed to escape and are still at Rev. S. H. Thompson paid a large. flying visit to this vicinity last Saturday He looks well and happy, and reports the H. P. C. I. in a flourishing condition.Rev. L. E. Duncan and family, and Miss Duncan, of the Southern Normal, spent the Easter holidays in this neighborhood, guest of Mr. E. E. Pitts. Miss Cora Pitts accompanied them. Mr. B. F Mcgehee, a student in the Normal, also spent several days among us, he was the guest of Mr. N. W. Beeson. He and Mr. E. E. Beeson attended the Easter services of the Moravian church, Salem, and were much pleased, They were kindly entertained, by Mr. Mcgehee's uncle, Mr. Henry Barrow. The Normal numbers about one hundred and thirty, largely boarding students. Commencement day, June 3rd Mr. C. W. Davis' singing school at Spring Hill, in this county, closes second Sunday in June, it numbers about fifty. We are pleased to note the_progress of THE SENTINEL; and looked forward with interest to the coming Seriel, by Miss Jones. This is certainly a step in the right direction. North Carolina talent should be encouraged. We hail the day, when we can have a good, pure, literary paper in North Carolina. A Southern en terprise, its columns filled by Southern comE. G. B. tributors. Abbotts Creek. May 3rd, Rev. A. L. Crawford, of Lexington, will attend the General Assembly of the Presbyterian Church at Augusta, Ga.. Mr. Crawford will represent Orange Presbytery as one of the two clerical deligates. The last issue of the Lexington Dispatch said, on last Monday, a deed of trust from Chas. Heitman to J. C. Buxton and J. B. Eldridge, for the benefit of creditors, was recorded in the office of the register of deeds. There are some preferences. The amount of assets and liabilities has not yet been ascertained; but the latter doubtless exceed the former. CATAWBA. The wheat crop in Catawba and Lincoln


Article from News and Record, July 13, 1933

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Article Text

Total Collections By Bank Receiver Reach $2,448,303 Greensboro Daily News Bureau East Broad Street, High Point, lections of are in the quarterly report John D. Biggs, receiver National bank, been made public. Cash collected from the stock sessment has far than of the Disto including 15 per cent dividend to depositors.


Article from News and Record, January 30, 1934

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Article Text

TWO DIVORCE ACTIONS FILED IN COURT HERE Commercial Bank Receiver Starts Suit Collect $4,510 On Three Notes. Two divorce actions, one involving of five-year-old child, were custody started Superior court Monday complaints filed in the when office Wayland Cooke, clerk of of Superior court. Floyd Gibson against Ruth Wolfe Gibson for divorce decree and custody their one child. The complaint alleges that the couple were married May 1926, arated July 23, 1933. Adultery alleged grounds for the decree. The second divorce action was that Dixon against Ruby Schults Dixon, whom plaintiff married in Danville. Va., December 26, 1931. The couple separated January 26, 1932, Recovery of $4,510 on three promissory notes sought the suit started Monday by John D. Biggs, receiver of the National bank, High Point, against H. Williard. Vivian Williard and Sallie Williard. An action to collect $134 and possession of certain personal property incumbered chattel was started the American Chemical company against W. Teague, of Alamance county.


Article from News and Record, March 28, 1934

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Article Text

ARGUMENT TO BEGIN IN TODAY Commercial National Receiver Seeks This Amount On Stock Assessment. 2. SUITS COMPROMISED Argument of coursel will begin in Superior court this morning in the $6,000 stock assessment suit of John D. Biggs receiver of the National bank, of High Point, against Mrs. Bettle Snlder and Mrs. The bank receiver in addition to the $6,000 recovery seeking court decree to aside certain conveyances allegedly made by Mrs Cor* bett contended by the plainliff that the property transfer was for the purpose of payment of stock Defense tention that the for of Mrs. Snider daughter of Mrs. her guardian Two litigations growing out of fatal grade crossing on December 1932. were terminated Tuesday when. Judge John H. Clement signed Mrs Mary administratrix of the of Robert Hiatt. who was killed the when comotive struck his car the ing. was of $200 damages to the deceased's Defendants in the Action the Southern North Carolina Railroad companies. M. Causey who was injured when the train struck the Hiatt which he was passenger, was awarded damages against the two Compromise jutigment was also signed Judge Clement the Arthur Edwards against Mary Belle Petty. The plaintiff ing for damages the result apartment owned by the defendant. but nature of the com. promise was not set out in the Judgment non-suit was entered in the case of Crane company and others against E. Darnell, trading as Piedmont and Heating company the Consoridated Indemnity and Insurance company