11739. Peoples National Bank (Fayetteville, NC)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2003
Charter Number
2003
Start Date
December 31, 1890
Location
Fayetteville, North Carolina (35.053, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
c806b7a5

Response Measures

Full suspension

Other: Receiver paid dividends over time; embezzlement by ex-president discovered and prosecuted.

Receivership Details

Depositor recovery rate
72.5%
Date receivership started
1891-01-20
Date receivership terminated
1896-03-12
OCC cause of failure
Fraud
Share of assets assessed as good
40.5%
Share of assets assessed as doubtful
9.9%
Share of assets assessed as worthless
49.6%

Description

Depositors made a heavy run on the People's National Bank, which closed/suspended on Dec 31 (reported in papers Jan 1, 1891). The run was triggered by adverse bank-specific information: the failure/embezzlement by former president E. F. Moore. A receiver (Wm. Le Duc/William G. Ledue) was later appointed (Jan 1891) and the bank remained closed; dividends were paid by the receiver. Some sources give the failure year as 1889 in one item, but contemporary reports and publication dates indicate the suspension occurred Dec 31, 1890/reported Jan 1, 1891. I corrected obvious OCR errors in names (Ledue/LeDuc).

Events (5)

1. June 27, 1872 Chartered
Source
historical_nic
2. December 31, 1890 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors ran after reports of heavy losses and the failure/embezzlement and resignation of former president E. F. Moore; his affairs were in bad condition and he later was charged with embezzling bank funds.
Measures
Bank closed its doors; checks were paid just before closing. No temporary liquidity measures reported.
Newspaper Excerpt
the People's National Bank of that city closed its doors to-day on account of a heavy run made upon it. The run was caused by the failnee of the former president of the bank, E. F Moore, who recently resigned, and whose affairs are in bad condition.
Source
newspapers
3. December 31, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed the heavy depositor run precipitated by revelations of misuse/embezzlement of bank funds by ex-president E. F. Moore; assets and liabilities reported (assets c. $220,000; liabilities c. $80,000).
Newspaper Excerpt
The People's National Bank of Fayetteville ... closed its doors to-day on account of its inability to meet the heavy demand upon its funds. The suspension is due to a run made on the bank by the depositors, the result of the report that the bank had lost heavily by the recent failure of its former president, Mr. E. F. Moore.
Source
newspapers
4. January 20, 1891 Receivership
Source
historical_nic
5. January 22, 1891 Receivership
Newspaper Excerpt
The controller of the currency has appointed Hon. Wm. Le Due receiver of the People's National Bank of Fayetteville, N.C.
Source
newspapers

Newspaper Articles (23)

Article from The Times, January 1, 1891

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THE PEOPLE'S NATIONAL BANK CLOSE FOR $80,000. Grady Arrested for the Murder of HisWife-Seven Negro Children Roaster d Alive- War of Words Between Editors. North Carolina News. RALEIGH. N. C., Dec. [Special. A special from Fayetteville to-night announces that the People's National Ban OF that city closed its doors to-day on account of a heavy run made upon it. The run was caused by the failnee of the former president of the bank, E. F Moore, who recently resigned, and whose affairs are in bad condition. Th. liabilities are stated at $80,000. and the as sets $200,000. It is claime that the deposi tors will be paid dellar for dollar. and that the bank was closed so'ely 01 account of a run, which for a while looked paricky. The closing of the bank resulted in the failure of G.W. Ingram, J. L Taarm, and George Rosenthal, merchants of Fayetteville A NEW YEAR WEDDING To-morrow afternoon. in Edenton Street M E. chureb, in this city. Rev. J. D. Arnold of the faculty of Asheville Female College. of the most prominent ministers in the is estern North Carolina Conference. will be united in marriaze to Miss Nannie Clark of this city, sister of Associate Justice Walter Clark, of the North Carolina Supreme Court bench. GOVERNOR FOWLE IN HIS NEW HOME Governor Fowle to-day begun moving into the new Governor's Mansion, on Blount street, which is now completed. and which has been turned over to him by the State Public Buildi g Committee. WAR OF WORDS BETWEEN EDITORS. Editor Fairbrother of the Durbam Daily Globe, to-day replied to the attack made upon him vesterday by Josephus Daniels editor of the State Chronicle, in which Daniels referred to him as a coward and blackguard. Fairbrother's reply is very abusive of Daniels, and closes with in iting him t a personal settlement if he desires it, as be said, as his editorial intimates. KNIGHTS OF PYTHIAS BANQUET Last night the Knights of Pythias of this city held a grand banquet at which covers were laid for 125. After re'reshments were served speeches were made by his Honor A.A. Thompson. Captain E. R. Stamps, Grandsire C. M. Busbee, Joseph J. Bernard, Esq., Rev. George 1 underlid, George H. Snow, Esq.. and others. Mr. Hal W. Aver, late city editor of the Daily Chronicle of this city, left to-day for Washington, where be goes to take the position of private secretary to Colonel L. 1. Polk. president of the National Farmers' Alliance. DEPUTY COLLECTOR HAWKINS' SUCCESSOR E. A. White, collector of internal rever nue for the Eastern district of North Carolina, has appointed Benjamin Hawkins deputy collector of Vance, Franklin, and Warren counties, to succeed his father General Phil. B. Hawkins, who has resigned on account of illness. SEVEN CHILDREN ROASTED ALIVE A special from Bay boro, in Pamlico county, brings the blood-curdling news of the burning alive of seven negro children near that place Sunday night. A colored man named Scott Thompson, his wife and oldest child, who live five miles below Bayboro, went to church Sun. day night, leaving seven children, tive of them his own and two of them his grandchildren at home, their ages ranging from infancy to above tifteen years of age. Before the services were concluded it was discovered that their home was on fire, and the congregation made a rush for it. On nearing the scene of the conflagration the agonizing screams of the children could be plainly heard. but when the place was reached the building had fallen in, and every one of the inmates had perished in the flames. It is supposed that the tire aught in some way from the chimney, and spread rapidly, and all the children being sound asleep, did not awaken until the flames had cut off all egress. CHARGED WITH HIS WIFE'S MURDER Tilla J. Grady and his daughter-in-law were brought here to-day from Millbrook, in this county, and committed to jail, charged with the murder of Grady's wife by poisoning last week. Grady is about sixty years old and his daughterin-law is about twenty-two, and has a child only a few months old. Grady and wife have not lived happily together for many years. and she has Ire. quently had Grady arrested and before courts for squalt and battery upon ber. Since her son married he and his wife have been alivingwith Gradv The elder Mrs.Grady has imagined that her husband and her daughted-in-law saw too much of each other, and this has caused Tilla Grady's of wife to become intensely jealous her husband and her daughter-inlaw. On Monday of last week the four in family took breakfast together, and very soon atterwards Mrs. Tilla Grady was taken violently ill with symptoms that indicated menical poisoning and died in four hours. Her husband had left home as soon as be finished break. fast, and was not there when his wife died. The deceased declared from the time she was taken ill till she died that her husb and and daughter had poisoned her by putting something in the coffee which she drank. The coroner has for sev. eral days been holding an inquest, and the evidence was found to be sufficient for to hold the accused parties action by the grand jury. The body of Mrs. Grady has not been exbumed, but will be, and a post-mortem examination will be held at once. The family are well-known, and the affair creates great interest.


Article from The Daily State Chronicle, January 1, 1891

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THE PEOPLE'S N TIONAL B NK Of Fayetteville Closes Its Doors.. Three Assignments. (Special to STATE CHRONICLE.) FAYETTEVILLE, N. C., Dec. 31.-The Peoplo's National Bank of this place closed its doors at 11 o'clock to-day, on account of inability of the heavy demands upon its funds. The suspension caused quite a ripple in business circles and is due to a run made on the bank by the depositors, the result of the currency given to the report that the bank had lost heavily by the recent failure of its former President, Mr. E. F. Moore. From the best information it is learned that the assetis to-night aggregate about $220,000 gross, consisting largely of discounted paper, while the liabilities foot up about $80,000, $65,000 of which is due depositors and time certificates. At present there is little doubt but what the dep sitors will be paid dollar for dollar. Information is meagre. The following failures have occured to-day and yesterday: J. H. Ingram, J. I. Tatum, and Geo. Rosenthal mortgaged equal to an assignment.


Article from Richmond Dispatch, January 1, 1891

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The People's National Bank Suspends. [Spectal telegram to the Dispatch.) WILMINGTON, N. C., December 31.-The People's National Bank of Fayetteville, in this State, suspended to-day. The liabilities to depositors amounts to about $70,000, which are fully protected by the assets, Frank Thorton is president of the bank.


Article from Asheville Daily Citizen, January 2, 1891

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CLOSED ITS DOORS. The People's National Bank of Fayetteville Suspends. FAYETTEVILLE, N. C., Dec. 31.-The People's national bank of this place closed its doors to-day on account of its inability to meet the heavy demand upon its funds. The suspension is due to a run made on the bank by the depositors, the result of currency given a report that the bank had lost heavily by the recent failure of its former president, Mr. E. F. Moore. From the best information it is learned that the assets aggregated about $220,000, gross, consisting largely of discounted paper, while the liabilities foot up $80,000, $65,000 of which is due depositors and time certificates. At present there is little doubt but that the depositors will be paid dollar for dollar. Information is meagre. The following failures have occurred 3. to-day and yesterday: G. H. Ingram, J. L. Tatum and George Rosenthal, mortgaged, equal to an assignment.-Raleigh News and Observer.


Article from The Sun, January 2, 1891

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Business Troubles. The People's National Bank of Fayettoville. N. C., closed its doors yesterday at noon. For some time past it has been whispered that the bank was shaky. and this report. coupled with the late assignment of its President. E. F. Moore. caused a run which could not be met. The People's Bank was organized in 1878 with a $150.000 cash capital. and up to a few months ago it had always declared good dividends. Deposits well received on the day before the failure. but checks were paid just before the doors were closed. 1. Ergenbrun. for many years a leading dry goods merchant in Petersburg. Va., but more recently cogaged in the wholesale and retail clothing trade. made an assignment yesterday. His liabilities are $47,000; approximated masets, $29,000. The creditors are chiefly New York firms.


Article from The Daily State Chronicle, January 3, 1891

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CAUSE OF THE FAYETTEVILLE BANK TROUBLE. McNeill and Brother Make an Assignment. [Special to STATE CHRONICLE.] FAYETTEVILLE, N. C., Jan. 2.-Geo. P. McNeill, Cashier of the broken People's National Bank and his brother Jno. R. McNeill, doing a general merchandise racket store business under the firm name of McNeill and Brother, assigned to-day. Liabilities between twenty and twenty-five thousand dollars; assets about equal to preferences, viz. : eleven thousand five hundred dollars. It has come to light that President E F. Moore used about one hundred and seven thousand dollars of the broken bank's funds with collaterals worth less than forty thousand. Thus it can readily be seen what has gone with the honest stockholders' money. Comment is unnecessary.


Article from The Enterprise, January 7, 1891

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increase over 1889, being of $189,000,000, $41,- as increase If '000'000'871$ asmint 000,000. DURING 1890 Colorado mines produced Tollows SB period $20,259,906; gold, $4,512,316; lead, $4,749,652; copper, $359,440. onlo 28 the no engine NV Southwestern road, on which there were five trainmen, collided with a coal train near Parkersburg, W. Va., on the 1st., and wrecking the engine completely seriously injuring all the men. THE old Wilkinson & Green mill at Providence, R. I., was gutted by fire on 1st. Loss, $125,000. The mill was the built in 1813 and has lately been run by the Dexter Yarn Company. THE schooner Mortlight, of Calais, Me., from Portland for Calais with a of grain, left Portland from December cargo and as she has not been heard The 2, since, she has probably been lost. the vessel carried a crew of six beside THE captain. thermometer at Fort de- Fairfield, on the 31st ult. registered sixty Me., grees below zero, beating the record at that point. THE Milwaukee Street Railway Comhas executed a $10,000,000 mort- of pany to the Central Trus Company, all gage New York. The mortgàge covers the Villard interests in Milwaukee represented by the property and various franchises of the recently consolidated Cream City and Milwaukee City Railway Company, and the two electric light VICE companies. PRESIDENT MORTON has sold "Fair Lawn," his summer residence at of Barden, 'I ]saace 04 "I R. New New York, for $130,000. THE firemen on the Western New York and Pennsylvania railroad have been granted an advance of over ten per cent. in wages. THE threatened strike of the Monongahela river miners was inaugurated to the 2d. The strike involves 8,000 on men and the indications are for is a long 10,000 fight. The advance demanded been one-half cent per bushel and has authorized by the chief officers of the United Mine Workers. GOVERNMENT receipts during December past aggregated $31,370,039, against 1889. December,' u! THE business failures occurring throughout the country during the seven ended January 3 number 348, as days compared with a total of 333 the previous week. For the corresponding week of last year the figures were 322. PENSION payments during the past six months aggregated $69,001,970, the against $61,289,063 during the first half of preceding fiscal year. THE reduction in the public debt during December was $11,095,397. the The total debt January 1, less cash in treasury, was $862,430,541, and of this st aunour debt. THE office of the county treasurer of of Wright County, Minn., was robbed SEM money the SV ad the uo 009'8$ being put in the vault, two masked robbers entered the office, fired one harmless shot, and knocked the treasurer senseless. Then they gathered up the money and fled. THE People's National Bank of Fayetteville, N. C., closed its doors on the An ugly feature in connection with 2d. the suspension is that the bank not only of received deposits up to the moment closing its doors, but checks were paid to that time. Several large failures up have followed the suspension. THE large manufactory of the Ohio Company at Columbus was nearly a Buggy destroyed by fire on the 2d, entailing loss of $175,000; covered by insurance. THE Avenue Hotel at Corsicana, Tex., burned on the night of the 1st. The charred remains of four persons-a man, in two women and a boy were found the ruins. They could not be identified. the GOVERNMENT expenditures during punos u! XIS past numbers $200,000,000, or twenty-five millions more than expenditures during the corresponding months of 1889. NEAR Irwin, Pa., on the 2d Mrs. George Bain drowned herself in a well. Three weeks ago her young daughter e went crazy. This drove her husband insane and he died in a madhouse at II" the мои a '08 December last. of the family have suicided, within three weeks. GEORGE E. DANA, vice president of 4 Whitman & Barnes Manufacturing the Company of Syracuse, N. Y., which has joined the American Harvester Com- that 4 in a recent interview denied and pany, works would be shut down, their pronounced the report that 10,000 men would be discharged by the new company THE a tow canard. boat Anna Roberts, bound Pittsburgh, exploded her cylinder for head, opposite Portsmouth, O., on the instantly killing Frank Perry, Ben 2d, Lawson, James Swail, J. B. Shaw and James Gray. Engineer Rens was severely injured. The boat was damaged to the extent of $1,000. THE wholesale dry goods firm of Allan Sheldon & Co., of Detroit, Mich., founded nearly half a century ago by Zachariah Chandler, on the 1st ceased to exist, having been dissolved by mutual experes pus deseased B Po the consent NO train on the Baltimore & Ohio railroad collided near Harper's Ferry, instantly killing Engineer Rufus Gosnell, of Baltimore, and two firemen. Seventeen persons were more or less injured and


Article from The Valley Virginian, January 8, 1891

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week for Europe. T. E. Mays has been appointed postmaster at Greenfield, Nelson county, in place of W. G. Garth, resigned. Lymph has been applied to two leprous patients in Spain, according to Koch's methods, and much relief and improvement has resulted. It is estimated by the Commissioner of Agriculture that there are 15,000,000 acres of land in Virginia suitable for cultivation which are not tilled. The trestle of the bridge being erected over the Kanawha river at Charleston, W. Va., gave way last Friday. and pre... cipitated the timber into the stream. Hon. John S. Wise says that Republicans and Democrats in New York are opposed to the Elections bill, and if it is passed, it will only result in killing a few more negroes. A dispatch from Fayetteville, N. C., says that the People's National Bank of that city closed its doors on Wednesday. The assets are said to aggregate $220,000, and the liabilities about $80,000. Decatur H. Miller, a prominent business man of Baltimore, for many years a director in the Valley railroad and well known in the Valley of Virginia, died last week in that city, aged 70 years. Gen. John H. Rice. who has come prominently to the front as a member of the Farmers' Alliance, weighs about 260 pounds. He is tall, raw-boned and deep-lunged. He dresses in gray homespun. The President has approved the bill appropriating $150,000 fora public builds ing at Norfolk. It is Staunton's turn next, and we have strong hopes that the $75,000 asked for will also go through this session. The owners of over 100,000 head of cattle in Southwestern Kansas are prepared for a mild winter only, and say only a few days like the cold weather prevailing there will bring about an almost total loss. Gen. E. F. Spinner, formerly United States Treasurer. died in Jacksonville, Fla., on the 1st, aged 82 years. His disease was cancer, which had eaten away his face. His remains were taken to New York State for interment. Col. Forsythe, who conducted the fight at Wounded Knee Creek, has been suspended from command, and a court of inquiry instituted on his conduct. The soldiers have a hard time, with Indians and a tomahawk in front and a court martial in the rear. The postoffice at Huntington, W. Va., was robbed last week of sixteen registered letters. There were several watches included in the valuables, and one of them was traced to Ed. Stratton, a mail carrier, who was arrested and bailed in $2,000. The demagogic plea that the McKinjey bill increases the burdens of the people is met in the fact that the MeKinley bill reduces the revenues $60,000,000, and places more articles on the free list than any other tariff bill that was ever enacted. Benjamin Sowers and family, near Luray, Va., were poisoned last week from eating pumpkin pie. Mr. Sowers and one child died and the others were in a critical condition. It is supposed that rat poison was carried into the pumpkin by rats, as there was a hole in the pumpkin that was used. A man walking along the track of the Virginia Midland Railway in Danville Thursday found human hand lying near the track. It was evidently a woman's hand, and seemed to have been severed from the wrist some time ago. Where it came from or what tragedy it may tell of no one can imagine. Maj. R. H. Glass, one of the veteran editors of the State, has retired from the editorial chair of the Lynehburg Advance. Maj. Glass is one of the best posted politicians and one of the most vigorous writers in the State. We wish him a peaceful and pleasant retiracy from the exactions of the newspaper office. The costly and beautiful residence property of Hon. James G. Blaine in Washington, occupied by L. Z. Leiter, a Chicago millionaire, was discovered to be on fire on the morning of the 2d. It was soon under the control of the firemen, and the damage was about $12,000, fully insured. There was some damage also to the furniture, but not much in proportion to its value. Bishop Whittle announces that the committee appointed by the last Council on the division of the Episcopal diocese of Virginia, will meet in Ford's building, Richmond, at 10 o'clock a. m., January 13th. The following are the members of the commitee: Bishop Randolph, Rev Messrs. J. S. Hanckels, H. Suter, R. J. McBryde, B. D. Tucker, Pike Powers, J. J. Lloyd, and Messrs. S. J. C. Moore, C. M. Blackford, T. R. B. Wright, John G. Williams, James W. Claiborne, M. D., Charles J. Faulkner, Robert E. Withers, and W. W. Kennon. The New York Press says, "the world produces in round numbers in one year cotton to the amount of nearly 11,000,000 bales. Of that we raise in the United States 7,000,000 bales in round numbers, and export 5,000,000 bales. Yet in spite of this we export only $10,000,000 of cotton goods and import $30,000,000 worth.'


Article from Fisherman & Farmer, January 9, 1891

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The Fayetteville Bank Failure. The People's National Bank of Fayetteville, N. C., has closed its doors. This bank was organized in 1873 with a paid up capital of $150,000. Several large failures have followed the suspension, and business is at a standstill.


Article from Evening Star, January 22, 1891

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BANK RECEIVER.-The controller of the currency has appointed Hon. Wm. Le Due receiver of the People's National Bank of Fayetteville, N.C. -


Article from Asheville Daily Citizen, January 28, 1891

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E. F. MOORE ARRESTED. Charged With Embezzling $106,000 at Fayetteville, FAYETTEVILLE, N. C., Jan. 26.-Late this afternoon E. F. Moore, ex-president of the broken People's National bank was arrested on a warrant sworn out by a United States commissioner charging him with embezzling $106,000 of the funds of said bank. The defendant's attorney has asked for a continuance until 9 o'clock in the morning and Moore was placed under bond of $1,000 for his appearance. United States District Attorney C. A. Cook and United States Marshal J. B. Hill are both here. It is thought that Moore will waive examination and give bond for his appearance at the federal court in Wilmington in May. Wm. G. Leduc, of Michigan, has been appointed receiver and will arrive tomorrow.-Wilmington Messenger.


Article from Telegram-Herald, January 30, 1891

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A Banker Under Arrest. RALEIGH, N. C., Jan. 29.-E. F. Moore, president of the People's National Bank at Fayetteville, N. C., which has failed for $250,000, has been arrested and bound over to the Federal Court for embezzling $106,000 of the funds of the bank. William G. Ledue, of Michigan, has been appointed receiver. The assets of the bank will be small, as the institution has been hopelessly wrecked by President Moore.


Article from Richmond Dispatch, November 14, 1891

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RALEIGH BURGLARS. TWO HOTELS ENTERED AND ROBBED OF DIAMONDS AND MONEY. Commissioner Mason's Political Pilgrimage for Harrison Through the SouthProf. Puryear's Address. (Special telegram to the Dispatch.] RALEIGH, N. C., November 13.-Between 3 and 4 o'elock this morning a burglar entered a room at the Yarboro' House, in which were ex-Congressman Wharton J. Green and his wife and little child, of Fayetteville. Colonel Green was aroused by a noise and saw the intruder leaving by means of a window, the room being on the ground floor. A watch and diamonds valued at $750 and $40 in money were taken. About the same time a burglar entered a hotel known as Harrison's and by means of a window got into the room of Dr. W. R. Burt, of this county. His clothing and 825 in money were taken. The clothes were all found on a fence near by. Professor Puryear, of Richmond College, certainly had a fine audience at his address yesterday on agricultural matters. He spoke for over an hour and was very practical MASON S WORK FOR HARRISON. It was learned to-day that Mr. Mason, the Commissioner of Internal Revenue, who is making an so interest extended of the tour Administration. of the South, is He doing made this. in some He the is inquiries while here which showed working for Harrison, and has talked with white and colored Republicans in regard to his chances. He also made inquiries regarding the effect: he tariff long 10 was having in the State. Some of its Republican promoters acknowledge that they are disappointed at the league's work and influence so far. It has not attracted any Democrats. The managers or promoters calculated that they would get the aid of & number of young white Democrate in the manufacturing sections of the State. At Clinton yesterday a nearly-grown Jersey calf made a furious attack upon Rev. O. P. Meeks. The animal dashed upon the sidewalk, knocked the preacher down, broke his right shoulder, and bruised him badly. DIVIDEND. December 21st another dividend of 20 per cent. will be paid to the depositors of the wrecked People's National Bank at Fayetteville by the receiver, General Liduc. The grand jury in the Federal Court has found a true bill against E. F. Moore, late president of the bank. .S. Townsend, general merchant at Lumberton. has assigned. The liabilities are $9,000; covered by assets. Governor Holt made a requisition to-day on the Governor of Florida for Walter Daniels (colored), who is wanted for assaulting a girl in Granville county and who is in jail in Florida. A special from Shelby says the Laurel CottonMills were burned to-day. Loss, $30,000; insurance, $15,000. One of the operatives was nearly suffocated while making his escape.


Article from The Weekly Union Times, November 27, 1891

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Two men were arrested in'Shelby last week for making counterfeit money. Roswell Smith, president and founder of the Century Magazine Company, is at Asheville. The State Temperance Convention at Raleigh was addressed by Bishop Gal. loway of the M. E. Church, South. Revenue officers have received news of a seizure at Brad-haw's, in Orange county, of an illicit distillery owned by James Powell. At Greensboro the citizens and Farmers Alliance are organizing a $10,000 stock company for the purpose of establishing co-operative tobacco factory. W. G. Le Duc, receiver, will declare another dividend of 20 per cent., Dec. 1, to the depositors of the defunct People's National Bank of Fayetteville. W. F. Beasley, president of the Oxford and Coast Line Railroad, expects the right of way will be secured by Dec. 1, and construction will then commence. At Chapel Hill on Friday Trinity College and the University played foot ball - score 6 to 4 in favor of Trinity. Oxford and Henderson have joined the State Choral Association and will participate in the Music Festival in Charlotte in May. The Presbyterian Orphan Asylum at Barium Springs, Mecklenburg county, burned Thursday The fire originated from a defective flue. The children all escaped unhurt, and are being cared for in Statesville SOUTH CAROLINA Lemon squeeze parties are being given in Charleston. J. H. Burckhalter will soon place an engineering corps on the route of the railroad he contemplates building from Ersley to Pickens C. II Efforts are being made for the organization of a $20,000 stock company for the purpose of establishing a casket and furniture factory at Branchville The Berkeley Phosphate Co. proposes rebuilding its phosphate works, reported last week as burned at Ashley Junction. Orangeburg is making great preparations for her Confederate Fair to begin Dec. 10. A baby show has been added to the programme. The Childs prohibition bill which willbe presented to the next Legislature, promises to make one of the severest fights of the session. Both the prohibition and anti-prohibition factions are working quietly and vigorously in the interest of their sides. The crown sheet of an engine on the railroad blew out at Cana in the night, scalding and knocking out of the cab Fireman Robert Allen, about 21 years of age. He was attended by a ph sician at Greenwood, but died a horrible death. Rev. J. A. B. Scherer, the new missionary of the Southern Lutherans to Ja. pan, was ordained Sunday to the holy ministry in St. John's Lutheran Church, Charleston, the Lutheran congregations of the city uniting in the service, conducted by Rev. W. C. Schaeffer, of Newberry, the president of the Synod of South Carolina. Treasurer Bates has submitted his annual report to the Legis'ature He calls especial attention "to the fact that the State owes a large floating debt. estimated at $271,890.07 of past due interest alone, be-


Article from The Weekly Union Times, November 27, 1891

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Two men were arrested in S helby last week for making counterfeit money. Roswell Smith, president and founder of the Century Magazine Company, is at Asheville. The State Temperance Convention at Raleigh was addressed by Bishop Galloway of the M. E. Church, South. Revenue officers have received news of a seizure at Brad-haw's, in Orange county, of an illicit distillery owned by James Powell. At Greensboro the citizens and Farmers Alliance are organizing a $10,000 stock company for the purpose of establishing co-operative tobacco factory. W. G. Le Duc, receiver, will declare another dividend of 20 per cent., Dec. 1, to the depositors of the defunct People's National Bank of Fayetteville. W. F. Beasley, president of the Oxford and Coast Line Railroad, expects the right of way will be secured by Dec. 1, and construction will then commence. At Chapel Hill on Friday Trinity College and the University played foot ball - score 6 to 4 in favor of Trinity. Oxford and Henderson have joined the State Choral Association and will participate in the Music Festival in Charlotte in May. The Presbyterian Orphan Asylum at Barium Springs, Mecklenburg county, burned Thursday The fire originated from a defective flue. The children all escaped unhurt, and are being cared for in Statesville


Article from The Progressive Farmer, April 26, 1892

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Roxboro Courier: Deputy Colector Woody informs us that he captured two copper stills this week, one near Ceffo, and the other near Chub Lake in this county. A destructive cyclone passed through portions of Columbus and Bladen counties last week, and ruined much timber. The public roads were strewn with fallen timbers. A special to the Wilmington Messenger. states that the Mt. Olive Pioneer Lumber Company of that place has made an assignment to Dewey Bros., of Goldsboro. Mr. G. P. Pell, of the Mt. Airy News, reports that town as still on the up grade. Sixteen brick stores are now in course of construction and many other buildings are going up. Kings Mountain News: A new mineral was shown us this week by Mr. Sam Huffstetler. It came with a fine specimen of sulphur, and Mr. H. says he connot tell what it is. The freeze Saturday, Sunday and Monday nights killed the peaches in this section of the country. The weather was unusually cold and severe, says the Boone Democrat. George Blount, who at Vandevere was shot by Souther Hammond, is dangerously injured. Hammond was in jail at Bayboro, but escaped, accompanied by another prisoner. The Carthage Blade says that the commutation of Gilbert Dunlap reached Sheriff Currie Tuesday night, and adds that no doubt justice has been meeted out according to the crime. General LeDuc, receiver of the defunct People's National Bank of Fayetteville, will within the next ten days pay another dividend of 15 per cent. out of the collections thus far made Raleigh Chronicle: A white delegate from Lincoln county to the Re publican convention went to the execu tive office yesterday and said he wanted to pay his respects to Governor Fowle. Riggins & Gorrell made the largest shipment of tobacco last Saturday which ever left Winston in one day There Were, the Sentinel reports, thir teen car loads, billed to parties in Canada. Salisbury Truth: Mr. Leonard Krider an aged and reliable citizn of this county, while ploughing a few day ago tore up a root of a tree that measured S 77 feet and part of it was left in the ground. The Washington Progress think n that the fruit crop has not been mate rially damaged by the recent colo snap, but considerable damage ha e been sustained by the truckers in tha e section. John P. Jones shot and killed hi uncle, S. B. Brookshire, at the postoffic n at Flat Rock, Henderson county, Mon day evening. Brookshire's intimacy n with Jones' wife was the cause of th homicide. h Mention was made Wednesday tha Davie county had sent four convicts t n the penitentiary; three for burglar and one for manslaughter. All wer white and none were over twenty-tw it st years of age. g Miss Maggie M Clay ton, aged 16 d Granville county. while on her


Article from Goldsboro Weekly Argus, January 12, 1893

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Failure at Fayetteville. FAYETTEVILLE, Jan. 9--F W Thornton, wholesale and retail dry goods and clothing merchant. assigned to Mr R M Nunocke and Mr A B Williams to-day. Liabilities two hundred thousand dollare, Preferences are made for ab ut seventysfive thousand dollars D. Mr. Thornton has been strng+ gling hard to tideover his losses and liabilities incident upon the fail. are of the People's National Bank, but at last the inevitable has come. Mr Thornton was connected with the People's brank as director and president for twenty years and np to the failure of the bank was looked upon as the leading and most successful merchant in the State. lle was the leading retail and wholesale dry goods merchant in North Carolina Shrinkage in the value of realestate in which he was largely interested and slow collections from country merchants operated to compel the position he has taken to-day. It is thought if his creditors will indulge him a little he can pay out. His failure is regarded as a public calamity and he has the heartfelt sympathy o the entire community.


Article from The Times, June 1, 1893

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AN ASSESSMENT ORDERED. Official Federal Order Regarding the People's National Bank, FAYETTEVILLE, N. C., May 31.-Special.-Official notice has been received here by Receiver Leduc that James H. Eckels, Comptroller of the Currency at Washington, D. C., has ordered an assessment and made requisition upon the stockholders of the late People's National Bank, of this place, for fifty dollars per share on all stock held by them at the time of the bank's failure payable on or before June 15, 1893, to satisfy indebtedness and wind up the affairs of the broken bank. Receiver Leduc is authorized and empowered to take all necessary proceedings by suit or otherwise to enforce the collection of this sum, which aggregates within itself $62,500, a sufficient amount, it is thought, for the liquidation of about all indebtedness. The bank failed December 31, 1889, and since that time dividends amounting to 35 percent. have been first and last declared and paid over to depositors and creditors.


Article from New Ulm Review, June 14, 1893

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Cashier Moore Acquitted. RALEIGH, N. C., June 13.-Elijah - F. Moore, the venerable ex-president of the wrecked People's National bank of Fayetteville, has been acquitted on the charge of embezzling $103,000 of the bank's money. The bank suspended Dec. 31, 1890.


Article from The Dickinson Press, June 17, 1893

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ACQUITTED. Raleigh, N. C.. June 13.--Elijah F. Moore, the venerable ex-president of the wrecked People's National Bank of Fayetteville, has been acquitted on the charge of embezzling $103,000 of the bank's money. The bank suspended Dec. 31, 1890.


Article from Asheville Daily Citizen, August 24, 1893

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NEWS IN OUR OWN STATE. -At the meeting of business men in Wilmington Monday the Atlantic Coast Line made a proposition to issue script in sums of $5 or more, with which to pay off its employes. in order to obviate the necessity for the withdrawal of large sums from the banks, provided the business community would receive the script without discount. The meeting adopted a resolution to accept the script so long as it will be received by the banks without discount. -The Warsaw Gazette says: At the colored picnic at the old Dowtin place, a few days since, ex-Congressman Cheatham made a bitter speech. He raved about negroes being lynched and said God would have to put a stop to the hellish work, or send a war to do it. We interrupted him and told him to preach down the crimes they had committed and stop such, or that lynching would continue as long as the crimes did. -Among North Carolinians in the House Messrs. Henderson and Bunn retain their chairmanships of postoffices and claims, respectively. Mr. Alexander continues on agriculture and Mr. Branch on Territories. Mr. Crawford is on public lands and on manufactures. Mr. Grady takes a place on public buildings and grounds, and retains his old position on the education committee. -Cherokee Scout: The good people have come to their senses and are convinced that real estate in the town of Murphy is not worth as much money as it is in New York City. and from this very fact property now is low but has an upward tendency, and our town has a healthy growth and the improvements are good. -Upon investigation it has been discovered that the statutes of North Carolina forbid the issuance of such certificates as was proposed by the local banks of Winston. When issued with interest they shall circulate as money. The banks, therefore, declined to issue them. S -Bank Examiner Miller, of Lynchburg, Va., has taken charge of the PeoS ple's bank of Winston. President Blair says the comptroller of the currency S granted every request made. There are good prospects for reopening the bank. -The Wilmington Star says that Rev. r D. B. Black, senior member of Wilmingf ton Presbytery, died at his home near Burgaw, last Sunday, in his 83d year, o and was buried Monday at noon at Pike e church, Pender county. r -Secretary Carlisle has held up the appointment of J. P. Shipp, as keeper of the Neuse river light house, North e Carolina. of -The receiver of the suspended People's d National bank at Fayetteville will de re clare a dividend of 15 per cent. this week. , If you wish to oniov yourself tomor


Article from Asheville Daily Citizen, August 24, 1893

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-The receiver of the suspended People's National bank at Fayetteville will declare a dividend of 15 per cent. this week.


Article from The Progressive Farmer, September 12, 1893

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North-Stalks of Corn and Grains of Wheat from the West-Peanuts and CottonSeed from the South The receiver of the suspended Peo ple's National bank at Fayetteville will declare a dividend of 15 per cent. this week. Gov. Carr has appointed a special term of Bertie county Superior court to begin October 6th, Judge Bynum presiding. The coming term of Vance county Superior court promises to be one of unusual interest, says the Henderson Gold Leaf. Gov. Carr has offered $200 reward for Dock Nicholson, a white man who killed his own brother in Jackson county recently. The Bulletin of the State Board of health says it is estimated that one thousand deaths per year occur in North Carolina from typhoid fever. Mr. Oscar Enloe, of Smith's Bridge, has the thanks of the Press for a beet that weighs eleven pounds, brought in last Wednesday, says the Franklin Press. Bill Brooks, a well known colored citizen of Pineville, dropped dead Monday morning. He was sitting in his chair when he suddenly fell over and expired. Rev. P. L. Groome expects to move the Western Advocate, a Methodist weekly of which he is editor, from Asheville to Charlotte on the first of January. It is said that Dan River was higher by some two feet than it has been since July, 1863. Great damage was done crops in low places, says the Danbury Reporter. The Rockingham Spirit of the South has a friend who tells it canned oysters will cure hog cholera in its worst form. It takes about a one pound can to do the work. On Monday night, the Summit House, a fine new hotel, situated at Dana, six miles east of Hendersonville, was de stroyed by fire, says the Henderson ville Times. The Alamance Gleaner, the editor of which, Mr. J. D. Kernodle, made an assignment recently, is to be sold Sep. tember 14th by Messrs J. A. Long and J. L Scott, trustees. New corn was ground at Woody's Millon the 26th of August. Mr. Woody tells us that his 25 barrel capacity roller mill will be in operation in a short time, says the Carthage Blade. The receivers of Big Fall Cotton Mills have moved the stock of mer chandise to this place and occupy a portion of the Peter R. Harden brick store, says the Alamance Gleaner. Asheville Citizen: Fourteen deaths were reported to City Clerk Miller as occurring in Asheville during the month of August. Of these eleven were white and three were colored. Stanly News: Prospecting parties found about sixteen ounces of gold last week on W. S. Ingram's land about three miles east of town. It is said the prospects for gold there are very fine. The freshet on last Monday did much damage to W. B. Rogers' saw and grist mills, besides carring away his turning lathe and nearly all the tools belonging to the same, says the Boone Democrat. Carthage Blade: Last week's storms did great damage to growing crops throughout the county, especially on the water courses. We trust, however, the damage is not SO great as is now supposed. We lost our pocket book the other evening. It contained a receipt for making paste that will not sour, which the finder keep if he will return the pocket book, says the Durham Recorder. The Charlotte News says: The corn on the lowlands is badly damaged. It is in the mud and is souring. Over on the Catawba river, it is said, the sour ing can be smelled for a mile fr om the bottoms. A little girl about eight years old, the daughter of Jeff Roberts, colored, was killed by a tree falling across the house during the recent storm. The other members of the family had a narrow escape. For the first time since it was established in 1890, we believe, Robeson County has no chain gang, the terms of all save one having expired, he was hired out by the county, says the Lum berton Robesonian. A few days ago a flash of lightning killed three head of cattle belonging to Mrs. Mary J. Teague, in Albright town ship. They were standing under a tree, and all fell together in a pile, says the Chatham Record. Wilkesboro News: Last Tuesday while Mrs. Jas. Holbrook, of Traphill, was riding in an OX wagon, they be came frightened and ran away, throwing rout. She was mortally wounded and died in about two hours. Maxton Scottish Chief: Our neigh bors up in the counties of Moore and Richmond are selling wheat at 40 cents