11606. Bank of Ahoskie (Ahoskie, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 1, 1930*
Location
Ahoskie, North Carolina (36.287, -76.985)

Metadata

Model
gpt-5-mini
Short Digest
0e61f406

Response Measures

None

Description

Articles (Mar 6, 1930 and Oct 2, 1930) state the Bank of Ahoskie had suspended operations and remained closed months later; no article describes a depositor run. The bank kept doors open for collection of notes but there is language in Oct. 1930 about closing of bank and county treating it as a failure. No receiver or reopening is explicitly reported. Cause not specified in the articles, so coded as 'other'.

Events (2)

1. February 1, 1930* Suspension
Cause Details
Articles state the bank suspended some weeks before Mar 6, 1930; no explicit cause given in the texts.
Newspaper Excerpt
The Bank, which suspended business weeks ago, continues to keep doors open for the collection of obligations due it by customers.
Source
newspapers
2. October 2, 1930 Other
Newspaper Excerpt
Two collectors had collected tax money on deposit this bank when closed. Collection of the checks has not been made...the matter still hanging in the balance awaiting meeting of commissioners next Monday. ...closing of bank with trust funds on deposit there. In addition article notes: The Bank of Kelford, which closed its doors about the time the Bank Ahoskie suspended... (context: liquidation of other bank).
Source
newspapers

Newspaper Articles (3)

Article from The Herald, March 6, 1930

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Article Text

BANK CONTINUES TO COLLECT ITS NOTES The Bank, which suspended business weeks ago, continues to keep doors open for the collection of obligations due it by eustomers. No announcement has yet come from any of its officers with ference to its reopening whethit to reopen. Walter Curtis in charge of the bank, and is being assisted by John Gatling, Lowell Powell and Miss Sue Barker. Officers report satisfactory collection of notes and the gradual curtailment of bills payable the bank to its corresponding banks. Mr. Bowen, of the Baltimore Commercial Bank, is still Ahoskie looking after the collection of paper held as collateral his bank.


Article from The Herald, October 2, 1930

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Article Text

BANK PAYS DIVIDEND TO ITS The Bank of Kelford, which closed its doors about the time the Bank Ahoskie suspended, has paid its depositors percent of money deposit in the bank closed. Payments were the Corporation The bank has liquidated by the which named Herbert Paschal, Roxobel, as liquidating agent. In addition to the amount depositors the bank has paid preferred and secured against when suspension necessary last January.


Article from The Herald, October 2, 1930

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Article Text

HUNTING SEASON IS TAX COLLECTORS HERE AND DANGER OF FIRES ARE INCREASED MUST SETTLE BY Hunters in Woods Should Doubly Careful With Their MONDAY MEETING Fires and Smoking With the opening of the huntseason Wednesday, when the ing open for deer began, hundreds of hunters flocking to the woods and fields of Northeastern North Carolina has increased the danger forest fires, which are already menace due to the extreme dryof the woods and fields by the drought, declares Carter, district forest warden, office is located in Windsor. Thousands of acres of forest lands have been burned over durthe month fires causpast careless smokers and brush by and thousands of dollars burners, have been lost by the landowners and the State as whole in the timber, buildings and soil fertility that has been destroyed by these fires. Hunters who are careless with their matches, tobacco and camp fires not only creating of forest and field possibility propdamage, but are creating the sources of fire that will destroy the very sport they are seeking. Fire fighters working on fire lines during the past few weeks have reported seeing quail, wild keys and even some of the game animals destroyed by the fire, while one knows how many destroyed inside the fire A few simple rules for preventforest fires are: Matches: Be sure your match is out. Break it in before you throw it away. 2. Tobacco: Be sure that pipe ashes, cigar or cigarette stubs are dead before throwing them away. Never throw them in brush, leaves needles. Camp fires Before building camp fire scrape away all flammable material feet in diameter, dig hole the center and in build your fire. Be sure your fire dead before you leave it. Carlos Avery, president of the American Game Protective sociation, in speaking of the carehunter has said, cent fools with cigarettes the United States millions dollars, untol numbers of lives folk and some human life forest, grass and brush fires every Only One, Smith, Harrellsville, Has Settled for 1929 Collections BANK CLOSING CAUGHT TAX MONEY ON DEPOSIT Bondsmen Have Been Notified That They Must Settle if Collectors Don't With only few days left before the six township tax collectors are scheduled to receive the new tax books for 1930, there are still five out of the six collectors to make their final settlement for 1929 taxes. At Monday's meeting of the county commissioners the five collectors are scheduled to close out their 1929 accounts with the county, in order that they qualify to handle colmay lections for the ensuing year. In the meantime, individual bondsmen of each of the five collectors have been officialnotified by letter that settlement must be made at that time. The letters went out several days ago. Smith, of Harrellsville, is the collector who has settled, having accounted for all taxes in his township early September. There still remains an amount reaching into the thousands of dollars uncollected from the 1929 list, and at least two or more of the collectors may not be able to surmount the difficulties that have faced them in the closing of the Bank at Ahoskie. Two collectors had collected tax money on deposit this bank when closed, and the county holding their checks for the collections when the bank suspended. Collection of the checks has not been made, thus adding to the worry of the collectors, experienced unusual difficulty this year in making collections not to mention the closing of bank with trust funds on deposit there. The commissioners have discussin meeting and out steps to be taken with respect to the money the suspended bank, and dewas reached by them to hold collectors and their bondsmen responsible for the full amounts. In the case of the Ahoskie collecHoggard, attempts have been made himself and some of bondsmen to pro rate the deficit caused by the bank's failure and pay into the county funds the 1929 books may be closed However, this course has not readily acquiesced in by all bondsmen and the matter still hanging in the balance awaiting meeting of commissioners next Monday. The tax books for 1930 will be ready for delivery to the far as Northcott, and county accountant concerned. on the new books been in the last progress several days according to Mr. Northcott, he will have them shape Monday, ready for deprovided collectors can settlement and qualify for collecting again, which will be cessary order for them to the new books. Taxpayers settling for 1930 during the month of October percent discount; in November discount percent is given, provided the adopt the State schedule discounts penalDuring December and are made par, atfer that date penalty added the taxes for 1930.