11678. Traders National Bank (Charlotte, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2314
Charter Number
2314
Start Date
January 11, 1883
Location
Charlotte, North Carolina (35.227, -80.843)

Metadata

Model
gpt-5-mini
Short Digest
cf6b866c

Response Measures

None

Description

Two contemporaneous articles (Jan 11 and Jan 19, 1883) report the Traders/Trader's National Bank of Charlotte entering voluntary liquidation and winding up affairs for lack of business. No run is mentioned; this is a voluntary suspension leading to closure. Small OCR/name variant corrected from Trader's/Traders' to Traders National Bank.

Events (4)

1. December 21, 1875 Chartered
Source
historical_nic
2. January 11, 1883 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders resolved the bank should go into voluntary liquidation; lack of business cited as reason.
Newspaper Excerpt
At a meeting of the stockholders of the Traders' National Bank of Charlotte, N.C. it was decided that the bank should go into voluntary liquidation. The bank advertises that it is ready to meet the demands of depositors and creditors.
Source
newspapers
3. January 16, 1883 Voluntary Liquidation
Source
historical_nic
4. January 19, 1883 Other
Newspaper Excerpt
The Trader's National bank, of Charlotte, has gone into voluntary liquidation, and its affairs will be wound up immediately under a resolution of the stockholders. Lack of business is the cause assigned for the step.
Source
newspapers

Newspaper Articles (2)

Article from Alexandria Gazette, January 11, 1883

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Article Text

NEWS OF THE DAY In the House yesterday the Agricultural and Indian appropriation bills were passed. Mr. William B. Canfield, formerly a wellknown jeweler of Baltimore died yesterday. Thirty-seven new cases of small-pox were reported in Baltimore yesterday. from that Dispatches raging Shiloh, Stores Ky., state small-pox is there. areclosed and business is suspended. A bill has been introduced in the Pennsylvania legislature making the issue of free passes by railroad companies a penal offence. Gen. Stoneman was inaugurated at Sacramento Governor of California yesterday. In accordance with his wishes no military or civic display was made. The Superintendent of the Philadelphia Mint, says there is a great demand for five cent nickels from all parts of the country. There is a democratic majority of five in the Wisconsin House of Representatives, a republican majority of two in the Senate, and a joint majority of three for the democrats. Gen. Matt. W. Ransom was unanimously nominated by acclamation, by the democratic caucus of the North Carolina Legislature yesterday for re-election to the United States Senateas his own successor. Archbishop Gibbons yesterday filed a bill against the District of Columbia in the Washington Equity Court to set aside certain tax rates. alleged to be illegal, on lots belonging to St. Patrick's Church in that city. In the Senate yesterday the Tariff bill was taken up. Mr. Morrill explained the bill, and Mr. Beck spoke in opposition thereto. The neat cattle section. which allowed the President to declare the law inoperative when he thought proper, was struck out. At a meeting of the stockholders of the Traders' National Bank of Charlotte, N.C. it was decided that the bank should go iuto voluntary liquidation. The bank advertises that it is ready to meet the demands of depositors and creditors. The value of property destroyed by fire in the United States during the year 1882 was $90,000,000-Jarger than that of any other country. Russia ranks next at $85,000,000, England at $45,000,000. Gerinary at $30,000, 000, France at $15,000,000. L. D. McLain an V. C. McCullough, both prominent citizens of Mouroe, La., had a quarrel yesterday in the principal street of the town over a business transaction. Mc. Cilllough adyanced on McLain, who drew a pistol and shot him through the head, killing him instantly. At the annual meeting of the People's Passenger Railway Company in Philadelphia on Tuesday the fact became apparent that there had been an over-issue of $1.250,000 in stock and $625,000 in excess of bonds beyond the amounts authorized by the charter. At a meeting of the New York Board of Trade yesterday resolutions were adopted protesting against the action of the Tarifl Commission in reporting au increase in the duties on bottles. It was also declared that the agitation of the proposed change in the duty on tobacco and cigars had injured manufacturers and dealers, and Congress should dispose of the question with the least possible delay. Dispatches received from different points yesterday and last night represent the snow storm to have been quite general. In western New York, New England and Canada the weather was very cold, the thermometer at Ottawa standing 30 degrees below zero. In southern Minnesota the storm took the form of a blizzard. At Richmond, Petersburg, Fredericksburg and other points south the snow storm continued, and was the worst experienced since 1857. The story of the burning of the Newhall House at Milwaukee and the terrible loss of life which it caused is heartrending. The calamities with which the new year has begun-shipwrecks at sea and the floods which have swept away life and property in Central Europe-are sad indeed. The roasting and smothering of some of the fifty or sixty victims at Milwaukee, and the mangling of others, who preferred to take the risk of jumping from the lofty windows, make up a horror that the mind does not care to dwell upon. MARRIAGES


Article from The Weekly Union Times, January 19, 1883

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Article Text

The Trader's National bank, of Charlotte, has gone into voluntary liquidation, and its affairs will be wound up immediately under a resolution of the stockholders. Lick of business is the cause assigned for the step.