11625. Western Carolina Bank (Asheville, NC)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 30, 1897
Location
Asheville, North Carolina (35.601, -82.554)

Metadata

Model
gpt-5-mini
Short Digest
e0e13f5c

Response Measures

Full suspension

Other: Receivers appointed via deed of assignment; voluntary liquidation called for preferred creditors and suits to test legality of assignment.

Description

Depositors began heavy withdrawals after the First National Bank failed on July 30, prompting the Western Carolina Bank to enforce the 60-day rule. The bank did not open on Oct. 12, 1897; a deed of assignment was filed and receivers were appointed and the bank went into liquidation (permanent closure).

Events (3)

1. July 30, 1897 Run
Cause
Local Banks
Cause Details
Withdrawals were triggered by the failure of the First National Bank (July 30), causing depositors to attempt to draw funds.
Measures
Sixty-day rule enforced (payments restricted under 60-day rule) as withdrawals became large.
Newspaper Excerpt
When the First National Bank failed, July 30th, many depositors in the Western Carolina Bank endeavored to draw out their funds.
Source
newspapers
2. October 12, 1897 Receivership
Newspaper Excerpt
A deed of assignment was filed this afternoon with the names of Lewis Maddux and L. P. McLoud as assignees. Judge Ewart then appointed Maddux and McLoud receivers.
Source
newspapers
3. October 12, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed for liquidation; deed of assignment filed citing diminishing deposits and inability to secure cash; bank was 'overloaded with real estate' and realization would be slow.
Newspaper Excerpt
This morning the bank did not open its doors. A statement on the doors says: This bank closed for liquidation.
Source
newspapers

Newspaper Articles (9)

Article from The News & Observer, October 13, 1897

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HAS CLOSED ITS DOORS DIMINISHING DEPOSITS AND INABILITY TO SECURE CASH, THE REASONS FOR ASSIGNMENT Judge Ewart Has Appointed Receivers--Bank Officials Say the Depositors and Stockholders Are Safe. Asheville, N. C., Oct. 12.-(Special.)The Western Carolina Bank did not open this morning. A deed of assignment was filed this afternoon with the names of Lewis Maddux and L. P. McLoud as assignees. The reasons given for liquidation are diminishing deposits and inability to secure cash with which to meet withdrawals. The officials claim that the depositors and stockholders will lose nothing. The deed of assignment calls for preferred creditors, and suits were filed today to test the legality of the assign ment. Judge Ewart then appointed Maddux and McLoud receivers. This bank was started in 1888 and had a savings department. Lewis Maddux was president, M. J. Bearden cashier and H. T. Colline, A. M. Field, C. B. Moore, L. B. Alexan der, White G. Smith, L. P McLoud directors. The bank had a capital of $50,000 and $160,000 deposits. The State Treasurer was notified of the failure of the bank about 4 o'clock. The report of the condition of the bank made to him July 23rd-the last report sent in-shows that it claimed to have a capital of $50,000, a surplus of $15,000 and undivided profits of $5.267.28. It had resources to the amount of $299,154.63. These were as follows: Loans on real-estate, $110,417.96; all other loans and discounts, $81,187.64; overdrafts, $1,624.18; stocks, bonds and mortgages, $16,140: due from banks. $22,453.22; real estate, $46,642.33; furniture and fixtures, $46,000: current expenses, 309.01; cash items, $1,208.50; silver coin and certificates, $3,100; all other United States notes, $10,235.59. The liabilities were given as follows: Deposits subject to check. $159,012.87; due to banks. $2,961.56; notes and bills rediscounted. $22,644.87: bills payable, $18,000; cash checks outstanding $103.75; certified checks, $3,564; demand certificates on deposit, $728.66: debenture bonds, $25,000.


Article from Richmond Dispatch, October 13, 1897

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Article Text

ASHEVILLE BANK SUSPENDS. Some Excitement on Failure of Its Doors to Open. ASHEVILLE, N. C., October 12.-When the First National Bank failed, July 30th, many depositors in the Western Carolina Bank endeavored to draw out their funds. The sixty-day rule was enforced as soon as the demand became large, and this morning the bank did not open its doors. A statement on the doors says: "This bank closed for liquidation." It is understood that the bank was overloaded with real estate, and especially country property, on which realization will be slow. The number of small depositors is large, and there was some excitement when the doors of the bank did not open this morning.


Article from The Penn's Grove Record, October 15, 1897

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Domestic. Judge Showalter in Chicago gave a decision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden, N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yelfow fever sufferers, In New Orleans, La., Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffic in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville. L. C., failed to open its doors. The steamer City of Topeka arrived at Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in son lands in No. C Klondike gold. The miners County say of them has bèen underestimated. the vealth or the far opened places at $50,000,000. the value of the claims and thus one Conrad Helzelberg shot and kill as cutting his throat a quarrel as Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfield Scott, of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iown, in a letter said the Chicago platform had had its day in the "tribunal of last resort. The Treasury statement of domest exports in September shows that the shipment of breadstuffs exceeded that of September, 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the Amou $117,000. This Is the startling state fairs that confronts the Board of E tion. according to the story of one employes. Detective William Moore, who is susp of the murder of his wife, was arraigi New York City and was afterward before Coroner Fitzpatrick while the e against him was examined. He was mitted to the Tombs by the Cor Much of the testimony was directly as him. The New Bedford (Mass.) semi-ce nial celebration occurred. All of the lie buildings were covered with d tions, and many business houses ar dences were masses of color. A forty-eight-inch water main 1 Forty-eighth street and Madison and flooded the neighborhood to blocks. It is estimated that the will reach $50,000. The accide caused by the heavy blasting of r ing the construction of the new 1 the avenue. A severe frost in the Lake Keul grape region ruined hundreds of, grapes. The loss will be several t9, e of dollars, The citizens of Benton County, rkansas, have organized an anti-horse st aling association as a protection aga st horse thieves from the Indian Territo 7. Frank Hoverton is President and the he dquarters of the organization are at Bloom Held. The members take an ironclad oath to punish horse stealing with death. Former Queen Liliuokalani of Hawaii has been offered $2000 to preside o' a carnival at Wichita, Kan., for three days in 1898. The invitation was extended through Dr. Martin, formerly of Wichita, who was the Queen's physician at Honolulu The American flag was drapeid with crape and government by injunction denounced by labor organizations in Lynn, Mass., where a elergyman preached a [funeral sermon for the twenty-four men shot down at Lattimer, Penn. Mrs. Charlotte Leclair, of Vesterly, R. died the of 103 years


Article from Audubon Republican, October 21, 1897

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. After a recess of two weeks the monetary commission resumed its sessions in Washington. Miss Cisneros, who was rescued from a Spanish dungeon in Cuba by a newspaper reporter, has arrived in New York. The annual report of the treasurer of the United States will show that on June 30, 1896, the total available assets of the treasury were $855,685,321, and on June 30, 1897, they had increased to $874,764,377. Chauncey M. Depew delivered the oration at the unveiling of the statue of Commodore Vanderbilt at Vanderbilt university in Nashville, Tenn. A dangerous counterfeit five dollar bill, raised from a two dollar treasury note, was in circulation at Moline, III. John F. Boynton, a well-known resident of Leominster, Mass., shot and killed his wife and then committed suicide. Family troubles were the cause. The arguments in the Luetgert murder trial in Chicago, were commenced, Assistant State's Attorney McEwen addressing the jury on behalf of the prosecution. The government crop report for October says oats, rye and barley will surpass former estimates in amount of yield, while corn has fallen off. An electric car went through a trestle at Waterloo, Ia., and 15 persons were injured, some probably fatally. In the contest for the Temple cup between the Boston and Baltimore baseball clubs the latter was the winner, securing four of the five games played. The Windsor house, the finest hostelry at French Lick Springs, Ind., was destroyed by fire, the guests narrowly escaping. Speakers at a Cuban meeting in New York declared it was the purpose of the Cuban people to carry on the struggle until absolute independence of Cuba is accomplished. Mrs. Mollie Deprister was said to have been murdered and burned by her husband at Canton, O. A great gold strike is reported on Mount Sneffels, in Ouray county, Col. Bob Carter, a negro who killed James Burch in a saloon at Brenham, Tex., was lynched by a mob. Mrs. Emma Vane, aged 65 years, and her daughter, Mrs. Sarah M. Shaw, aged 40, were killed by burglars at their home in Camden, N. J. Associate Justice Field of the supreme court, having broken all records for length of service upon the bench, has made formal application to be retired December 1 next. President McKinley touched a telegraph key at the white house and opened the semicentennial exposition at New Bedford, Mass. During September last the exports of breadstuffs from the United States amounted to $34,629,946, an increase as compared with September, 1896, of over 100 per cent. A train on the International & Great Northern road was held up by four men near Austin, Tex., and the passengers were robbed. A tornado wrecked houses near Elizabeth, N. J., and killed John Clark. Herbert Crow was fatally stabbed with a hairpin at Hastings, Neb., by his sweetheart, who was jealous of him. A cloudburst flooded the streets of Reading, Pa., and did great damage. Grass lake, a large sheet of water near Niles, Mich., has gone completely dry. The big plant at Racine, Wis., of the J. I. Case Threshing Machine company bas been scld to a syndicate of eastern capitalists for $2,000,000. Humanitarians, philanthropists, educators and others interested in social reforms met in conference at Battle Creek, Mich. Actual construction work of the first railroad to cross Chilkat pass in Alaska has been begun. An attempt was made at Bismarck, N. D., to murder Editor Moffatt, of the Settler, for his attacks on the saloon and gambling element. In a battle between settlers and shepherds in Long Valley, Idaho, three men were killed. The Western Carolina bank at Asheville, N. C., has gone into voluntary liquidation. In a prize fight at New Orleans Walter Griffin struck Jack Cummings a blow in the fifteenth round that caused his death. The twenty-first annual meeting of the American Humane society began at Nashville, Tenn.


Article from The County Record, October 21, 1897

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Domestic. Senator Gorman has written a letter to, Edwin F. Abell, editor of the Baltimore Sun, offering to resign the leadership of the Maryland Democracy in favor of the ?atter! if he will withdraw from Republican alliances. John A. Gordon. the Democratic nominee for Justice of the Supreme Court of Colorado, has withdrawn. The party leaders were opposed to him because he supported Mr. Cleveland for President in 1892. Frank Loretto, aged eighty, committed suicide in New York City by planging down an airshaft from the fifth floor of & tenement. Gold has been found in Rock County, within eight miles of Janesville, Wis. Two farmers exhibited samples of gravel taken from the farm which showed gold in fair quantities. Samuel Wilson. aged sixteen years, has been shot and killed at Carlisle, Ky., by Edward Crump, aged fifteen years. Crump was arrested on the charge of murder. Crump was worsted in-a fight with Wilson and secured a revolver and lay in wait for him. O. M. Welburn, an ex-Collector of Inter nal Revenue in the Northern District of California, who has been on trial in the United States District Court, on an indictment covering forty-two distinct charges of embezzlement, was acquitted by the jury. Judge Showalter in Chicago gave a decision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yellow fever sufferers, in New Origans, La. Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffle in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities Barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville, N. C., failed to open its doors. The steamer City of Topeka arrived it Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in gold. The miners say the wealth of the Klondike has been underestimated, and one of them places the value of the claims thus far opened at $50,000,000. Conrad Heizelberg shot and killed Thomas McSorley during a quarrel at Castleton, Staten Island, and attempted suicide by cutting his throat and wrists. Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfleld Scott. of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iowa, in a letter said the Chicago platform had had its day in the "tribunal of last resort." The Treasury statement of domestic exports in September shows that the shipment of breadstuffs exceeded that of September. 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the amount of $117,000. This is the startling state of atfairs that confronts the Board of Education. according to the story of one of its employes.


Article from The L'anse Sentinel, October 23, 1897

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. After a recess of two weeks the monetary commission resumed its sessions in Washington. Miss Cisneros, who was rescued from a Spanish dungeon in Cuba by a newspaper reporter, has arrived in New York. The annual report of the treasurer of the United States will show that on June 30, 1896. the total available assets of the treasury were $855,685,321. and on June 30, 1897, they had increased to Chauncey M. Depew delivered the oration at the unveiling of the statue of Commodore Vanderbilt at Vanderbilt university in Nashville, Tenn. A dangerous counterfeit five dollar bill, raised from a two dollar treasury note, was in circulation at Moline, III. John F. Boynton. a well-known resident of Leominster. Mass., shot and killed his wife and then committed suicide. Family troubles were the cause. The arguments in the Luetgert murder trial in Chicago, were commenced. Assistant State's Attorney McEwen addressing the jury on behalf of the prosecution. The government crop report for October says oats, rye and barley will surpass former estimates in amount of yield, while corn has fallen off. An electric car went through a trestle at Waterloo, Ia., and 15 persons were injured. some probably fatally. In the contest for the Temple cup between the Boston and Baltimore baseball clubs the latter was the winner. securing four of the five games played. The Windsor house. the finest hostelry at French Lick Springs, Ind., was destroyed by fire, the guests narrowly eseaping. Speakers at a Cuban meeting in New York declared it was the purpose of the Cuban people to carry on the struggle until absolute independence of Cuba is accomplished. Mrs. Mollie Deprister was said to have been murdered and burned by her husband at Canton. O. uo reported si expire pioz 10018 V Mount Sneffels, in Ouray county, Col. Bob Carter. a negro who killed James Burch in a saloon at Brenham. Tex., was 'qour B 49 payourt Mrs. Emma Vane. aged 65 years, and her daughter, Mrs. Sarah M. Shaw, aged 40, were killed by burglars at their home T N Company up Associate Justice Field of the supreme court, having broken all records for length of service upon the bench, has made formal application to be retired December 1 next. President McKinley touched a telegraph key at the white house and opened the semicentennial exposition Mass, Beddord MeN 18 During September last the exports of breadstuffs from the United States amounted to $34,629,946, an increase as compared with September, 1896, of over 100 per cent. A train on the International & Great Northern road was held up by four men near Austin. Tex., and the passengers were robbed. A tornado wrecked houses near Elizabeth, N. J., and killed John Clark. Herbert Crow was fatally stabbed with a hairpin at Hastings, Neb., by his sweetheart, who was jealous of him. A cloudburst flooded the streets of Reading. Pa., and did great damage. Grass lake, a large sheet of water near Niles, Mich., has gone completely dry. The big plant at Racine, Wis., of the J. I. Case Threshing Machine company bas been scld to a syndicate of eastern capitalists for $2,000,000. Humanitarians, philanthropists, educators and others interested in social forms met in conference at Battle Creek, Mich. Actual construction work of the first railroad to cross Chilkat pass in Alaska has been begun. An attempt was made at Bismarck, N. D., to murder Editor Moffatt, of the Settler, for his attacks on the saloon and gambling element. In a battle between settlers and shepherds in Long Valley, Idaho, three men were killed. The Western Carolina bank at Asheville, N. C., has gone into voluntary


Article from The Abbeville Press and Banner, October 27, 1897

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Domestic. Judge Showalter in Chicago gave a deeision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden, N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yellow fever sufferers, in New Orleans, La., Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffic in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville, N. C., failed to open its doors. The steamer City of Topeka arrived at Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in gold. The miners say the wealth of the Klondike has been underestimated, and one of them places the value of the claims thus far opened at $50,000,000. Conrad Heizelberg shot and killed Thomas McSorley during a quarrel at Castleton, Staten Island, and attempted suicide by cutting his throat and wrists. Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfleld Scott, of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iowa. in a letter said the Chicago platform had had its day in the "tribunal of last resort." The Treasury statement of domestic exports in September shows that the shipment of breadstuffs exceeded that of September, 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the amount of $117,000. This is the startling state of affairs that confronts the Board of Education, according to the story of one of its employes. Detective William Moore, who is suspected of the murder of his wife, was arraigned in New York City and was afterward taken before Coroner Fitzpatrick while the charge against him was examined. He was committed to the Tombs by the Coroner. Much of the testimony was directly against him. The New Bedford (Mass.) semi-centennial celebration occurred. All of the public buildings were covered with decorations, and many business houses and residences were masses of color. A forty-eight-inch water main burst at Forty-eighth street and Madison avenue and flooded the neighborhood for many blocks. It is estimated that the damage will reach $50,000. The accident was caused by the heavy blasting of rock durIng the construction of the new sewer in the avenue. A severe frost in the Lake Keuka (N. Y.) grape region ruined hundreds of tons of grapes. The loss will be several thousands of dollars. The citizens of Benton County, Arkansas, have organized an anti-horse stealing association as a protection against horse thieves from the Indian Territory. Frank Hoverton is President and the headquarters of the organization are at Bloomfield. The members take an ironclad oath to punish horse stealing with death. Former Queen Liliuokalani of Hawaii has been offered $2000 to preside over a carnival at Wichita, Kan., for three days in 1898. The invitation was extended through Dr. Martin. formerly of Wichita. who was the Queen's physician at Honolulu. The American flag was draped with crape and government by injunction denounced by labor organizations in Lynn, Mass., where a clergyman preached a funeral sermon for the twenty-four men shot down at Lattimer, Penn. Mrs. Charlotte Leclair, of Westerly, R. I., died at the age of 108 years and six months. Five generations of her descendants are living,


Article from The News & Observer, March 11, 1899

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LEADS ALL NORTH CAROLINA DAILIES IN NEWS AND CIRCULATION 5,209 U. S. Statutes, relative to the became excited and fired indiscriminateA ROMANTIC MARRIAGE. conduct of national banks. Each of the ly, APPOINTME defendants gave bond in the sum of $5, General Henry began his administraTHE TRIAL OF Death of a Six-Gallon Jersey CowTHE RED FLAME Our each. HURDERED BY tion in Porto Rico by giving all the Probably Fatally Burned. On October 7th, at 1:30 a. m. Deputy towns and cities self -government and by U. S. Marshals Bailey and Free arrivturning over in a great measure the Henderson, March 9.-Special.-A roOF ed in Asheville from Greensboro, bearLIMITTEES keeping of the peace to the native police MAJOR BREESE mantic marriage took place here this OF REBELLION ing warrants returnable at Greensboro, THE IMMUNES force. He has been forced summarily morning at 8:30 o'clock, Miss Baird, of and sworn out by Bank Examiner to depose the Alcade and the councilmen Person county, came down yesterday Moxey before Judge Purnell, charging of many towns and to turn local govto visit her sister, Mrs. A. G. Daniel. Messrs. Breese, Penland and Dickerson ernment over to army officers. Things Her beau, Mr. Stovall, stopped at the with embezzlement and fixing their are strained to the snapping point. GenMassenburg Hotel, and they were marY M. C. A. Delegates Arbonds at $30,000 each. The three deA Brief History of the CeleReady to Burst Forth in eral Henry's face took on a grimness ried just in time this morning for the Old Negro Forced to fendants were arrested at 6 a. m. and that his troops used to see in the old Oxford train and left for Virgilina, the riving by Every Train. were allowed till 2 p. m. to complete brated Case Porto Rico. home of the groom. days out on the Western plains as he Commit Suicide. their huge bonds. Messrs. Penland and concluded his remarks about conditions The fine Jersey cow belonging to Mr. Dickerson failed to do so and were taken in the island. Alex Barnes, died yesterday. She was a to jail, together, while Major Breese have given them too much re'in,' he LIST OF THE DELEGATES record-breaker, gave 6 gallons of milk went of his own accord, declaring that 1ST NATIONAL'S FAILURE THE AMERICANS HATED said, "now I'm going to take in the a day, from which they made a pound RANK MUCH WHISKEY he would share the fate of his comslack." and a half of butter daily. Mr. Barnes panions. The required bonds were givrefused $100 for her. en in a few hours, when all the defendSOME OF THE QUESTIONS DIS WORTHLESS NOTES FOR A VAST Mr. J. Carter has opened the bakery HENRY THINKS HIS FORCES TO SELECT TIME AND PLACE. ants were released. OKE INTO STORES AND SAformerly kept by Mr. Whitmore, on CUSSED YESTERDAY. The failure of the First National Bank SUM AS ASSETS. Main street. SHOULD BE DOUBLED. The Executive Committee of North LOONS AT WELDON. was the direct cause of the failure of The Daughters of the Confederacy two other Asheville banks. The WestCarolina Bar Association Will Meet (Vance Chapter) had granite curbing ern Carolina Bank, which had many THE YOUNG MEN OF NORTH CAROLINA in a Few Days. put around the Confederate soldier ALL OF THEM SIGNED BY INSOLVENTS savings deposits, closed for liquidation NATIVES COMMIT ACTS OF VIOLENCE ZED AWAY AT A SWITCHMAN square, in Elmwood cemetery today. on October 12th. The National Bank of Prof. J. Crawford Biggs of the UniThey have planted grass and flowers Asheville, the only remaining national sersity, arrived in the city yesterday and their next work is to erect a monuoes the Association Reach Them? Ho bank in the city, endured a run till Ocafternoon. Prof. Biggs is the secrement, which they hope to do in the néar Failure of the First National Direct Cause of A Soldier's Head Swept from his Shoulders tary of the North Carolina Bar Assotober 22. when it suspended. Almost lets Flew Right and Left as the Riotous future. Reach a Greater Number ? Camp ciation. He stated that there would instantly a tremendous run began on Failure of Western Carolina and NaThe latest news from Miss Zaidee by One Blow of a Machete. Raid Troops Passed Out of Henderson. Mr. be a meeting of the executive committee the Battery Park Bank, but its officers Crump. the young lady so badly burned, Fire Tales by Those Who tional Bank of Asheville. Bank had made ample preparation. Influenof the Association in a few days to deis that her injuries are such that the Upon the Cafs. Stabbed Crozier Narrowly Escaped tial business men also came to the resWere There. eide upon the place and time of the The condition of Mrs. Walter J. Officers' Line of Defense. in the Back. cue, and there was never any serious meeting of the Association which is to Being Shot. doctors think they will prove fatal. Durham, N. C., March -(Special.) danger of it going under. In fact the be fixed for some date in June, July or Asheville, N. C., March 0.-(Special.) Jones, a former resident of our town, Chicago, Ills., March Trifurther particulars in regard to the t deposits on that day largely exceeded Delegates are arriving on every train August. Charlotte, Asheville and Morebut now living in Richmond, Va., is still In the trial of W. E. Breese today a the withdrawals. bune tomorrow will print the following duct of the Tenth Immunes were rehead are spoken of as probable places. attend the State Convention of th ceritical, with slight improvement. number of men were examined whose Messrs. Breese and Dickerson and The by-laws and constitution of the special correspondence from Porto Rico Mr. W. O. Shamon arrived here this ved here yesterday. Between AtYoung Men's Christian Association Association are now in the hands of the their attorneys were astounded a few evening from Norfolk. names were on notes ranging from $400 from a Tribune staff correspondent ta and Monroe they shot Flagman which is in progress in this city, Th weeks ago to learn that Mr. Penland printers and will be ready for distribuMessrs. J. and W. Jones, of Greensto $900. Two testified that the signaSan Juan, de Porto Rico, March 1st.I Sealy in the heel, inflicting a painfolowing is an incomplete list of th tion in a few days. They will be sent had gone over to the enemy, SO to speak. boro, are in the city. tures were not theirs, others that they The real situation in Porto Rico is not wound. to the lawyers of the State. In short, he had withdrawn from their delegates present W. M. Lewis, Stat Mr. Whit Clary, of Rocky Mount, is signed notes in blank at C. B. Leonard's Prof. Biggs stated further that there councils, and had employed separate understood. People in the States genvisiting his brother, Mr. Paul Clary, on Secretary: Walter Cain, H. L. Gerstle t Monroe they raided the dispensary, counsel, and made a confession of his were a large number of applications for William street. request. S. T. Dorsett, teller of the erally regard Porto Rico as a sort of Bingham School: W. K. Matthews, Co rying off some seventy-five packages connection with the bank affairs to the membership on file. defunct bank, testified that all these haven of peace. The War Department lege Secretary; J. C. Allison, John S The executive committee will select a whiskey. And at Henderson they Government.) These facts were urged as NO ACTION BY DEPARTMENT. has just requested of General Henry notes were filled out by Breese. Postnon-resident member to deliver the anone ground for a continuance of the Webb, W. B. Spears, T. E. Pearson e near killing an old white man that he immediately report how many master Rollins testified that he signed case when it came up last Friday, but nual address at the next meeting and Immunes Private Citizens to Be Dealt ned Crozier. H. Kapp, G. Stevens. W. T. Crawford regular troops he could spare from the notes for Breese. One was endorsed select five members of the Association it was not allowed because Penland's island. W. S. Crawford, J. M. Grenfield, Uni With by Civil Court. h Weldon, the last point at which "paid on account $1,100." Witness said to deliver other addresses. legal status had not been changed. He versity of North Carolina: S. A. Stew The One Hundred and Forty-seventh he had never paid anything on any stopped in this State, their conduct was still a defendant, as the GovernWashington, March 10.-Despite reart. R. Webb, J. C. Blauchard, D. W New York started home last Sunday. notes. He received a statement from NOT BELIEVED BY AGONCILLO. ment solicitors had refrained from sum5 the worst. At the point of a pistol peated rumors to the contrary, the War Newsom, R. R. Grant, E. S. Yarbo The regular regiments that remain are Breese at the time he signed that he moning him as a witness. V forced John Battle, a. worthy colDepartment has no intention of taking rough, B. G. Allen, J. H. Barnhard so scattered that in many places where had not received money on notes and The counts in the indictments average 1 man, to drink seven glasses of Story of Destruction of Houses Belongofficial action in the case of the Tenth M. B Clegg. J. M. Culbreth. J. M there is necessity for a strong force only was not liable. One witness testified iskey. Battle fell down senseless in number about 50 to each man, SO that colored immunes and other regiments ing to American Sympathizers. a corporal's guard can be mustered Ormond, W. A. Sessoms, Trinity Co to signing accommodation notes filled in case they are convicted on every n after drinking the liquor and died that have been making trouble in tranA lege: J. W. Frank, Winston: Jas. and territories where there are continual out by Dickerson. A long list of bills count and are given the maximum punore a physician could be summoned, London, March Senor Agoneillo, sit through the South since their dismutterings and the greatest evidence Doritee, Frank Mahan, J. M. McLough were submitted that had been out of the agent of Aguinaldo, has recovered ishment, the sum total of the penalties charge. of discontent at the American rule are lin, S. B. Reading. W. A. Wynne the bank on Breese's individual account KILLED AN OLD NEGRO. would be several life terms in the penifrom the effects of the exposure to Charlotte: A. G. Kuebel, General Se unguarded. In contravention of the story that a in the two months before the failure. which he was subjected through the tentiary. ratury. Charleston, S. C.: J. T. Jack In the General Henry is in a dilemma. He court of inquiry was to be appointed to


Article from New-York Tribune, February 22, 1900

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10 shares Corn Exchange Bank $3,000 Niagara Falls Power Company first mortgage five per cent bonds, due January 1, 1932; Interest January and July; accrued interest from January 1 to be charged to the purchaser 107 5 shares City Trust Company 835% 15 shares North American Trust Company 152 29 shares Burlington, Cedar Rapids and Northern Railroad Company 126% $5,000 Cedar Rapids, Iowa Falls and Northwestern Railroad first mortgage 5 per cent bonds, due 1921 114% $9,000 Crystal Water Company of Edgewater first mortgage 6 per cent bonds 60 $10,000 Staten Island Cricket and Baseball Club second mortgage 5 per cent bonds, lot $100 $1,000 Lotos Club of New-York 6 per cent bond, due 1902 92 6 shares Bank of the State of New-York 130% 6 shares Ninth National Bank 88 8 shares Trenton Potteries Company preferred 48 6 shares National Park Bank 425 10 shares Lawyers' Title Insurance Company... 165 1 share Clinton Hall Association 65% $10,000 Western Carolina Bank, Asheville, N. C., 5 per cent receiver's certificates, dated January 1, 1898, payable three years after that date, 28 per cent paid; interest paid to January 1, 1900 93 50 shares United States Flour Milling Company common 5 10 shares Morton Trust Company 4093 45 shares Louisville, Evansville and St. Louis Railroad common, per share $1