e412741aFull suspension, Books examined
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Bank Managed by Negroes Suspends Raleigh, N C., Oct. 22.-The Dime Sav. ings Bank of Kinston, N.C.. has suspended payment. The liabilities are stated to be $6,000 and the assets $15,000. The bank is officered and managed by negrees, and a run on it Monday by negro depositors caused the trouble. Charles W. Dunn, the president, says the suspension is only temporary.
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NEGRO BANK SUSPENDS. Dunn's Attorney Says Business Will be Resumed Thursday. (Special to News and Observer.) Kinston, N. C., Oct. 21.-The Dime Savings Bank of this city has suspended payments. This is a negro bank, run by Chas. F. Dunn, (colored. It is announced by Mr. T. C. Wooten, attorney for Dunn, that his assets are $15,000 with liabilities of only $6,000, and that the suspension is only temporary. Dunn claims that his bank has had to stand a run on account of the Loftin failure, which caused his depositors alarm and lack of confidence in banks. Judgments were obtained against him Saturday on two warrants, one by A. J. Phillips and Harry Wooten, tax collectors for $100, and the other by Edmund Jarman, colored, a depositor for $147. Mr. Wooten, his attorney says that arrangements have been made to secude the money necessary to continue the basiness and that payments will be resumed on Thursday of tris week. Many negroes are creditors for small amounts on deposits. Dunn has 'or mary years been a leader among them both in finances and politics. It is probable that a large number of our people will attend the State Fair at Raleigh this week. There' seems to be more enthusiasm about the Fair this year than heretofore.
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Negro Bank In Trouble. (By Associated Press.) RALEIGH, N. C., Oct. 21.-A bank, officered and managed by negroes. is in trouble. It is the Dime Savings Bank, of Kinston, N. C., which has suspended payment. The liabilities are stated to be $6,000, assets $15,000. A run on the bank by negro depositors caused the trouble. Charles F. Dunn, the president, says the suspension is only temporary.
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A NEGRO BANK IN TROUBLE. Dime Savings Bank of Kinston, N. C., Suspends Payment. Raleigh, N. C., Oct. 21.-A bank officered and managed by negroes is in trouble. It is the Dime Savings Bank of Kinston, N. C., which has suspended paynient. The liabilities are stated to be $6,000, assets $15,000. A run on the bank by negro depositors caused the trouble. Charles F. Dunn, the president, who for years has been a leader of the negroes in politics and finance, says the suspension is only temporary, the trouble being caused by the failure of a company that was financing a prospective railroad to Kinston.
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Negro Bank Suspends. Raleigh, N. C., Oct. 21.-The Dime Savings Pank of Kinston, N. C., officered and managed by negroes, has suspended payment. The liabilities are stated to be $6,000: assets, $15.000. A run on the bank by negro depositors caused the trouble. Charles F. Dunn, the president. says the suspension is only temporary, the trouble being caused by the failure of a company that was financing a prospective railroad to Kinston.
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A bank officered and managed by negroes is in trouble. It is the dime savings bank, of Kinston, N. C., which has suspended payment. The liabilities are stated to be $6,000, assets $15,000. A run on the bank by negro depositors caused the trouble. Charles F. Dunn, the president, who for years has been a leader of the negroes in politics and finance, says the suspension is only temporary, the trouble being caused by the failure of a company that was financing a prospective railroad to Kinston.
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DEPOSITORS MAY LOSE NOTHING. And Some Valuable Property May Pass into White People's Hands. (Special to News and Observer.) Kinston, N. C., Oct. 24.-In the matter of the Dime Savings Bank suspension, it now appears that the assets and liabilities are about even, and although it is probable that depositors will be paid in full it will take all of Dunn's property to settle up the business. The principal assets consist of two or three brick stores and a negro hotel, recently erected. This is a good structure of brick in the centre of what was once the best business block in town. The settlement of the business may turn this property again into the hands of white people and thereby increase the value of the whole block. The Neuse Baptist Association adjourned last night sine die. It has been a successful meeting in every way. Most of the delegates returned to their homes this morning. The Fair train left this morning with a large crowd for Raleigh.
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BANK CLOSES ITS DOORS Deposters Became Alarmed and Make a Run on the Bank Raleigh, N. C., Oct. 21.-A bank officered and managed by Afro-Americans is in trouble. It is the Dime Savings Bank, of Kinston, N. C., which has suspended payment. The liabilities are stated to be $6,000, assets $15,000. A run on the bank by the depositors caused the trouble. Charles W. Dunn, the president, who for years has been a leader in politics and finance, says the suspension is only temporary, the trouble being caused by the failure of a company that was financing a prospective railroad to Kinston.
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Death of Little Arthur Jones. (Special to News and Observer.) Kinston, N. C., Oct. 26.-Report reached here last night of the death of little Arthur Jones, the eleven year old son of Postmaster W. A. Jones, of Pink Hill, who was shot from ambush last Tuesday night. The report comes by telephone and is doubtless true. About a dozen shot of BB size penetrated the little fellow's right leg, hand and thigh. One shot entered the stomach. No one seems to be able to form any idea as to who did the shooting or to assign any cause for the dastardly act. Mr. Jones, the father, who was in the buggy with the boy when he was shot re. ceived three of the shot on his right hip, but they were flattened against a paper covered memorandum book, and did not enter the flesh. They came with such force, however as to badly bruise the hip and thigh. The county commissioners have offered $100 reward for the arrest and evidence to convict the person or persons who did the shooting. State Bank Examiner W. B. Shaw made examination of the Kinston Banks yesterday. He found the recently suspended Dime Bank to have had $4,800 on deposit. All of the depositors are negroes. The showing of the Bank of Kinston was a most excellent one. Mr. Robert L. Elliott. of Greene county, and Mrs. Clemmie Hill, of the same county came to Kinston yesterday and were married by Rev. W. R. Davis, the Baptist preacher from Snow Hill. who was here attending the Neuse Baptist Association.