11872. First National Bank (New Bern, NC)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 13298
Charter Number: 13298
Start Date: October 26, 1929
Location: New Bern, North Carolina (35.108, -77.044)

Metadata

Model: gpt-5-mini
Short Digest: b90666ea

Response Measures

Full suspension, Books examined

Other: Receiver appointed and lengthy litigation against former president and Federal Reserve involvement in litigation over collateral holdings.

Receivership Details

Depositor recovery rate: 3.8%
Date receivership started: 1929-10-26
Date receivership terminated: 1938-11-30
OCC cause of failure: Governance
Share of assets assessed as good: 26.5%
Share of assets assessed as doubtful: 62.5%
Share of assets assessed as worthless: 11.0%

Description

Contemporary articles state the First National Bank of New Bern failed to open in late October 1929 after a run caused by rumors; the bank was placed in receivership and did not resume normal operations (receiver actions and litigation continue in 1930–1932). Thus sequence is run → suspension → permanent closure/receivership.

Events (7)

1. March 19, 1929 Chartered

Source: historical_nic

2. October 26, 1929 Receivership

Source: historical_nic

3. October 26, 1929 Run

Cause: Rumor Or Misinformation
Cause Details: Local rumors/whispering that the bank was not safe triggered depositor panic and heavy withdrawals.
Measures: United States bank examiner and his assistant put in charge; bank failed to open.
Newspaper Excerpt: The ugly tongue of rumor is declared to have caused the trouble at New Bern through causing a run on the bank by whispering it was not safe.
Source: newspapers

4. October 26, 1929 Suspension

Cause: Rumor Or Misinformation
Cause Details: Suspension followed immediately after the run driven by rumors that the bank was unsafe; bank did not open and was placed under examiner/receiver control.
Newspaper Excerpt: At New Bern, a United States bank examiner and his assistant are in charge of the First National Bank, which failed to open its doors last Saturday.
Source: newspapers

5. October 29, 1929 Receivership

Newspaper Excerpt: At New Bern, a United States bank examiner and his assistant are in charge of the First National Bank, which failed to open its doors last Saturday.
Source: newspapers

6. April 20, 1930 Other

Newspaper Excerpt: An injunction has been dissolved here by Judge M. Meekins, restraining Vernon Blades, former president of the defunct First National bank from disposing of property...
Source: newspapers

7. July 3, 1930 Other

Newspaper Excerpt: Statement is issued by bank's receiver. First National, of New Bern, Shows Assets To Be Bigger Than Its Liabilities. Receiver issued financial statement for the First National bank, for quarter ending June 30. Total assets ... $2,142,073.13.
Source: newspapers

Newspaper Articles (18)

1. October 29, 1929 Goldsboro News-Argus Goldsboro, NC

Article from Goldsboro News-Argus, October 29, 1929

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Published six afternoons a week and Sunday mornIng by The Goldsboro Publishing Company at 105 B. James Street, Goldsboro, N. C. All rights of republication of special dispatches herein are also reserved. Entered at the postoffice in Goldsboro, N. C., as second class-mail matter. Tuesday Afternoon, October 29, 1929. BANKS ARE SAFE Former directors of the National Bank at Fayetteville have been charged with gross negligence and violation of the National Banking Act. At New Bern, a United States bank examiner and his assistant are in charge of the First National Bank, which failed to open its doors last Saturday. At Statesville, capiases were asked in Federal Court yesterday for officers of the Commercial National Bank of Statesville, which closed its doors a year and a half ago. In the Statesville case, a grand jury is reported to have found that false entries, overdrafts, and other acts leading to a shortage in the accounts of the bank had been committed. The ugly tongue of rumor is declared to have caused the trouble at New Bern through causing a run on the bank by whispering it was not safe. And at Fayetteville it is charged that directors of the bank violated the law by making loans of the bank's funds to themselves and approving loans made to concerns in which they had an interest. They are also charged with failing to make proper examination into the affairs of the bank at regular intervals. The three cases give interesting example of the ills from which banks may suffer-criminality, outside gossip, and insufficient attention to what is correct and necessary in the conduct of such institutions. Losses in all the cases are of far great. er effect than failure of ordinary commercial enterprises because such a number of people in the community and the general trust and mutual credit of the community are involved. Bankers carry a responsibility greater than those of most people. Proof that most of them carry it well is found in the small proportion of banks, as compared with other kinds of business, which get into trouble. stocks without any careful consideration of how much dividends the individual stocks actually paid or any of the other things which would be considered by a man or woman putting out money so as to receive an income from it over a number of years. Main Street first over-expanded the stock market and then exploded it. Wall Street tried to save the fragments. The fact that Wall Street saved the fragments for itself merely indicates that most Wall Streeters have more sense and knowledge about stocks than most Main Streeters. That is the truth that hurts. SUBSCRIPTION IN ADVANCE Delivered by Carrier: One Year $8.00 Six Months 4.00 Three Months 2.00 One Month .70 By Mail In Wayne, Johnston, Sampson, Duplin, Lenoir, Greene, and Wilson Counties One Year $6.00 Six Months 3.00 Three Months 1.50 One Month .60 Outside of Counties Named One Year $8.00 Six Months 4.00 Three Months 2.00

2. April 21, 1930 The Charlotte Observer Charlotte, NC

Article from The Charlotte Observer, April 21, 1930

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DISSOLVES INJUNCTION AGAINST FORMER BANKER NEW BERN, April 20.-An inPique. junction has been dissolved here by Judge M. Meekins, restraining Vernon Blades. former president of the defunct First National bank from disposing of property or carrying on other business which might affect his llability in connection with the band. The injunction had been obtained by the bank re[ceiver. Although dissolved, the case which seeks to establish Mr. Blades' liability is still pending. Judge Meekins refusing to pass on that matter until final papers have been filed before May 12. DYNAMITE BLAST DAMAGES OLD THEATER IN NEW YORK NEW YORK, April 20.-(P)-A dynamite bomb early today wrecked concrete. iron-sheathed projection booth in the grand opera house landmark since the seventies at 23rd street and Eighth avenue. The building. which is now operated as motion picture theater, was empty except for the nighth watchman. and no one was injured. The man- range of colors. agement told police they were at loss to account for the bombing.

3. July 14, 1930 News and Record Greensboro, NC

Article from News and Record, July 14, 1930

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STATEMENT IS ISSUED BY BANK'S RECEIVER First National, of New Bern, Shows Assets To Be Bigger Than Its Liabilities. (Special Daily News) New July 3.-Receiver issued nancial for the First National bank, for quarter ending June 30. Listed assets bills 784 cash on other additional assets stock ment, $150,000. The total of all asinto the hands the celver given as $2,142,073. 13. assets uncollected are receivable, than Total of assets uncollected, $1,871.No dividends have been paid to date the cash on hand given of the bank held meeting and perfected orfor the purpose aidthe of the affairs

4. August 8, 1930 Hickory Daily Record Hickory, NC

Article from Hickory Daily Record, August 8, 1930

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WETS PLAN POINT SABLE, LITTLE executive Aug. Anti-Saloon League board of the has challenged oppoof America to offer prohibition nents to bring temperature better plan to the nation. and sobriety included in The challenge was of policy and prothe declaration by the of action adopted gram session of its board in the last biennial conference terday. STATE BANKING NEW BERN EXAMINER AT NEW BERN, Aug. Examiner Taylor, of State Banking department, the New Bern today to see was in could be done about giving what New Bern banking facilities. Chief Evaminer John Mitchell ex later the day pected the Citizens Bank Two banks, and the Eastand Trust company Bank Trust company, ern closed their doors here yesterday, New Bern with only leaving industrial bank. Five branches of the Eastern this section also closed. The First National Bank business here last suspended

5. August 8, 1930 The Salisbury Post Salisbury, NC

Article from The Salisbury Post, August 8, 1930

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Situation Survey Subject New Bern. Aug. Taylor, of the state banking department, in New Bern day to could be done about giving New Bern Chief John Mitchell was later the day. Two banks, the Citizens Bank and the Eastern Bank and Trust company. closed their doors here yesterday, leaving New Bern with only an dustrial bank. branches the Eastern in this section close. The First National bank suspended business here last October Officials of the two banks today reiterated that the are sound, and that closing was President Swan, declared his bank would not have closed had officials not been under the that could reopen immediately, or soon public confidence was stored. Directors of the Eastern late yesterday the possibilities of mediate reopening.

6. August 8, 1930 The Charlotte Observer Charlotte, NC

Article from The Charlotte Observer, August 8, 1930

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TWO BANKS AT NEW BERN CLOSE TO PREVENT RUNS NEW BERN, Aug. 7-State Bank Examiner John Mitchell and sistants from the banking department of the state corporation commission were expected here tonight to take charge of the Citizens Bank and Trust company and the Eastern Bank and Trust company of this city, both of which closed their doors here this morning as precautionary measures against threatened heavy runs and withdrawals. Since last October the First National Bank of New Bern has been in the hands of a receiver, so that the city is now without any commercial bank, except the Morris Plan bank. It is thought at least one of the two banks that closed today will be permitted to reopen shortly, as both are said to be in good financial shape. Closing of the Citizens bank affects the home office here and also its five branches at Arapahoe, Maysville, Oriental, Bayboro and Vanceboro. MRS. JOHN BASKERVILL INJURED IN CAR WRECK Mrs. John Baskervill, wife of the Raleigh correspondent for the North Carolina Association of Afternoon Newspapers, had her right arm broken in three places when driven by her husband collided. another at Valdese, near here, Mr. Baskerville was not injured His wife is being treated at a Morganton hospital.

7. August 8, 1930 The Charlotte News Charlotte, NC

Article from The Charlotte News, August 8, 1930

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Saturday Grocery And Market Specials For Thrifty Housewives Two New Bern Banks Will Be Investigated Examiner Seeking Facilities for Residents-Bank Officials Say Conditions Sound. Taylor. an examiner of the State Banking Department. was in New Bern today to see what could be about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later in the Two banks. the Citizens Bank and Trust Company, closed their here yesterday. leaving New Bern with only Morris Plan bank Five branches of the Eastern in this section also closed The First Na. tional Bank suspended business here last Officials the two banks today reiterated statements that the in. stitutions are sound. and that closing was precautionary measure President W. Swan. of the Eastern, declared his bank would not have closed had officials not been under the impression that It could reopen or soon as public confidence was Directors of the Eastern late yes. terday appointed to investigate the possibilities*of imme-

8. August 8, 1930 The News and Observer Raleigh, NC

Article from The News and Observer, August 8, 1930

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New Overwhelmed By Demands of Depositors New Bern, Aug. 7.-State Bank Examiner John Mitchell and assistants from the banking department of the State Corporation Commission were expected in the city night to take charge the Citizens Bank Trust Company and the Eastern Bank Trust Company, which elosed here today precautionary measures against heavy runs withdrawals. New thus left, at least temporarily, without bank, except for Morris Bank, First National Bank has been in the hands receiver since October. hoped, that least one of the two closed today, and possibly both, may be reopen early they are reported to good dition. In fact, meeting of directors the Eastern Bank and Trust Company held late day, make immediate investigation the possibility opening the bank and its five possible. On the President Swan, dent John Weskett, and Warren, director and The branches are Maysville, Oriental, and Vanceboro. Citizens First To Close. The Citizens Bank was closed this morning, minutes before its regular opening time, when throng depositors noted withdraw their funds. gradual drawals and the spread of rumors during the last few days, large yesterday but the bank officials expected to open today, until the waiting throng was outside. Cashier Scott states that the bank in good shape and amply nominal tions that institution could stand heavy withdrawals and that only decision close the bank, order protect depositors and all others concern- For almost two and half hours the Eastern Bank remained open after the closing of the other institution. Every effort was made handle the situation but early became evident that many panicky depositors would immediatetheir The 30-day rule for notifying the bank about withdrawing was put into force the tide ed and the that the heavier the rest of the day. To interests of all in the best manner (Please Turn to Page

9. August 8, 1930 The Index-Journal Greenwood, SC

Article from The Index-Journal, August 8, 1930

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Examiner To Cope With Bank Trouble NEW BERN, Aug. Examiner Taylor, of the state banking department, was in New Bern today to see what could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later in the day. Two banks, the Citizens Bank and Trust company and the Eastern Bank and Trust company, closed their doors here yesterday, leaving New Bern with only an industrial bank. Five branches of the Eastern in this section also closed. The First National Bank suspended business here last October.

10. August 8, 1930 The Richmond News Leader Richmond, VA

Article from The Richmond News Leader, August 8, 1930

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NEW BANKING FACILITIES ARE CUT Two Banks Closed and State Examiner Now Studying Conditions. Asosciated Press Taylor, an examiner of the state banking department, was in New Bern today to see could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later Two banks, the Citizens' Bank and Trust Company, closed their doors here yesterday, leaving New Bern with only Morris Plan bank. Five branches of the Eastern this section also closed. The First National bank suspended here last October. Officials of the two banks today reiterated that the institutions are sound and that closing was precautionary measure. The News Leader covers Richmond Roof.

11. August 8, 1930 The Durham Sun Durham, NC

Article from The Durham Sun, August 8, 1930

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NEW BERN HOPES TO REOPEN BANKS Examiner Taylor, of the state banking department, was in New Bern today to see what could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later in the day. Two banks, the Citizens Bank and Trust company and the Eastern Bank and Trust closed their doors here yesterday. leaving New Bern with only an industrial bank. Five branches of the Eastern in this section also closed. The First National bank suspended business here last October Officials of the two banks today reiterated statements that the are sound. and that (Continued on Page Eleven-A)

12. December 13, 1930 News and Record Greensboro, NC

Article from News and Record, December 13, 1930

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BLADES IS ASSESSED ON BANK STOCK HELD Bank's Receiver Is Given Verdict of $143,500 By Judge Meekins At New Bern. CRAVEN CONTINUED (Special Daily News) that New Dec. J. Vernon all intent and purpose, of stock in Blades was the Bank of First which he being on Meekins assessed receiver of directed verdict for suit against Blades the on the filed by for Mr appeal was Blades an appeal Mr been made permit name affairs of Bern National First with tional over as of the former inassets stitution. the of that was Blades' of the stock actual in name that which stood by the in reality three men. started for the The investment company was not hold the financially or legally pointed The bank was said to be started with was for from the county members, stock stood in Mr as president of the name as held responsible for the he was the request of Craven Hearing on that receiver be appointed county the of its Bank the today in federal Meekins court Judge that the bank is evidence that of the capidicates that tal operate on 000 from the through medium of the investbest sending up bank statements like

13. December 19, 1930 News and Record Greensboro, NC

Article from News and Record, December 19, 1930

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BORROWED BRIEFS. Christmas parking Better your Louis Globefairly Democrat. the political If the narrowness extend Congress Bend Triband bear whiskers are comsaid that year think they should quarter- the scientist who Perhaps friendly Herald. wouldn' Princeton Suspension collegiate pranks News. PARAGRAPHICS. most ardent Even those who are admit that admirers of snow must has tendency to drift. becoming problematical It is whether the senate will pass or merely provide lief measure measure The daintiness of that handkerchief you're planning to give next determine whether or week will not to be sneezed at. looking for If the senate was which to place the shelf on pantry world court issue, shouldn't have taken members this long to find empty one. Ye Paragrapher's guess that Dr. Allen in addressing the ladies' night meeting of the Siler City Rotary club did not discuss proposed textbook changes. If get the suggestion right, it to the effect that in the "Mr. McNinch poor sentence man's next to the last supererogatory. Our candidate for the prize for the worst thing any lawyer has lawyer in 1930: about poor man's lawyer because one else would hire What this state has been suffering from here right lately of weather. considering the kind of weather, and ditto politics, ditto. "Judge Drops Case." says headline in Greensboro's favorite morning newspaper. circumstance. Ye Paragrapher, recalls which has ments for any number of luggage toters. Elizabethton, Tenn., dispatch prints that the name of plaintiff court there as Tisrow Tasrow Isrow Hasrow Searisrow SiMcGhee. We doubt it: but what typographical error more less anything that? We think that Mr. this morning is simply and we shall not let appear within three columns of us out protest. Our notion has long been that the proper pictorial of the United States senate stuffed shirt. Because he walked two miles through the snow to get to his fice, the Rowan county register of deeds gets on the Associated Press wire and makes box in more than one newspaper. Oh, well, the countless who did that more mileage probably didn't want the publicity anyway. The weather man's spasm of temperance has been widely mentioned blessing of sort, that affords employment for some hours people otherwould not have had any. And from us, find out for yourself, you haven't done the who shovels snow earns every dadblamed cent he gets. It comes out that the Jersey federal judge who t'other day leaped from his cell with gain effect that the constitution where it says what the league put was protege of Wayne and Wheeler, at least that Wheeler duty helped him get his judging tions another of those ironies guard and the crop of them again these that they hardly entertain, edify or instruct. CRAVEN WINS MENTION. The outcome of the banking litical alliance in various localities in North Carolina easily gives Asheville Buncombe county first place with millions involved. But bystander only in fair shall insist that play, New Bern, or Craven county, both, as may be, are entitled and the scorer invited take notice. The ceiver of the First National bank New Bern brought against V. Blades, president of the bank, for assessment on stock. It was admitted that the assessed stock was in Blades' name but ended that he did not buy and that was the owner; that he had permitted the use his name and credit to help straighten out the bank's affairs when was reorganized. Judge Meekins, judgment against Blades, remarked bank situation was appalling to him, and further: evidence indicates that dollar stock had that county the and citizens were sending up bank statements like that. hsa been mentioned that the of Craven county secured from the 1929 legislature authority to issue around threefourths of million dollars of bonds for roads and bridges, and alleged that instead of building roads bridges the money borrowed on the faith and credit of the taxpayers was used to bridge local banks. Presumably the $180,000 from the county to operate this First National bank part of the bond issue funds. Under the circumstances the stockholders probably no reason for paying their personal funds for stock when they could get capital from the county treasury. Mr. Blades' error seems to have been that he was He lowed bunch of stock to stand his name as favor to the bank and the court treats him as if was personally liable for the courtesy to friends. These down easters have dealt in hundreds of while the folks the mountain tops dealt in many millions. But does not appear that any Asheville bank tried to solely on bond sue money borrowed from the county, although had some millions of public money deposits help out. The Craven folks comparatively are more than but probably they were doing their Judge Meekins is appalled that the "best citizens" were mixed Craven business. Citizens hitherto considered among the also in the Asheville incident. It will be necessary redefine the term "best citizens. Plain folks have that people" did not carry on as alleged has been done at Asheville and New Bern. It may be the commoners just don't understand this modern way of financing banks with lie money through political ances.

14. March 31, 1931 The Charlotte Observer Charlotte, NC

Article from The Charlotte Observer, March 31, 1931

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NEW BERN BANK RECEIVER WITH BANK AT GOLDSBORO NEW BERN March 30-Raymond Schumacher, receiver for the First National bank of New Hern today was appointed receiver the National of Goldsboro closed last December. While continuing nis work here he will assume charge of the Goldsboro April

15. August 26, 1931 Richmond Times-Dispatch Richmond, VA

Article from Richmond Times-Dispatch, August 26, 1931

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Vital Statistics Federal Reserve Bank officials adthat District Judge Meekins intends dismiss the suits brought New Bern, against the Licensed Marry. reserve Albert Anderson Lovell and Iola unaware whether the plaintiffs will enter appeal. Either an appeal Edward Arthur Wade and Florence division the case into separate suits Tinsley possibly the Laurence Curley and Merle Defense attorneys been Hazel Cox. Judge submit his signature with that the demurrer the case be and motions Champ H. McClellan. 62. at 4021 ingsley and Small Sons Monticello Avenue, August 23 dismiss the amended in- Hannah Carrick 65, 1415 and at LONE Aug tervening petitions allowed. Grove August be Judge Henry still Meekins was Saria Elizabeth 75. at have ruled 126 pursuers merry chase through the motions Street, August 23. argued several months today at Raleigh. Baughan, 68. 2900 after Reserve Third Avenue. Stuart Court Apartthrough landed the ments August contended that the plaintiffs and from tervenors without right to mainBishop, yesterday the bill and petitions owned too and the by Stanley Shoemaker Bishop, alleged of were withfound night the out equity dry lake has received from Billingsley, Suit for brought by and shouted the estate his and and Kate Lucas Copies of the 1931 issue of the behalf and Truck tire leading the ficient foothills the the believe Billingsley worked with at and creditors of the landing the tional and First meager flying Sheriff National of DeTom headed fendants posse the Federal for owens the National Bank of believed hiding some Receiver Schumacker prospector's remote cabin the First National Bank Two demanding The plaintiffs contended that the munity the Federal Reserve Bank other Billrates of and ingsley held too collateral for loans the were New Bern banks. filed Defendants mainasking custody tained that the plaintiffs and failed plead sufdemand the First Bank that proper demand possibility the plane on the failure Billingsley would the and refusal him son would ask the Bank the and Billingsley's trail was fatal to the said.

16. August 26, 1931 News and Record Greensboro, NC

Article from News and Record, August 26, 1931

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TOBACCO UNDAMAGED AFTER HEAVY RAINS South Boston Section Expects Fine Crop-Schools to Open September 11. WAS FILED IN NEW BERN OTHER NEWS OF CITY (Special Daily News) New Bern. Aug. 25.-Dismissal of the $1,000,000 suit against the Federal Reserve Bank of Richmond brought by various stockholders and creditors of the National Bank of New Berne and the First National Bank of New Bern is indicated in letters sent to attorneys on both sides by Judge I. M. Meekins, federal judge of Elizabeth City The jurist has just rendered his decision on argued few months ago in Raleigh, where he ordered the lawyers to file briefs setting forth their arguments. He has asked lawyers for the defense to submit for his signature decree consistent with his holdings that the demurrer in the case be sustained and motions to dismiss the amended bill and intervening petitions be allowed. Suit for the recovery of 81 ,000,000 was brought by Lucas, Jr. and W. Lucas, administrators of the estate of W. Lucas, deceased, and Kate 8. Lucas on behalf of themselves and other stockholders of the National bank and other creditors of the National bank and First National bank. The defendants were the Federal Reserve bank, the National Bank of New Berne, and Receiver Schumacher, of the First National bank In their complaint the plaintiffs alleged that the Federal Reserve bank had charged exorbitant rates of interest and had held entirely too much collateral for loans to the local banks, thus leading to their failure. They asserted that the federal reserve system should help rather than destroy dependent instiBy the brief filed in support of their motions to dismiss the suit, solicitors for the defendants argued that the plaintiffs and intervenors were without right to maintain such a suit that the bill and petitions should be for multifariousness: and that the alleged causes of action were without equity Judge Meekins based his verdict on their The plaintiffs and intervenors failed to plead or excuse sufficient demand upon the First National bank receiver. the defendants maintained Assuming that proper demand was made on the receiver, they said that the failure to allege or excuse demand and refusal upon the directors, officers or stockholders of the First National bank or liquidating agent of the National bank and its stockholders was fatal to the bill. Further that the bill alleged good cause of action in tort or contract. each such action was claimed to be barred by the statute of limitations and Inches, the defense asserted. also declaring validity of such transactions and the federal reserve bank's title can be challenged only by the United States. They said that the federal bank was not. as alleged. "a preferred creditor. but was merely secured creditor. Stanly Hall School Is To Have Reunion This Saturday (Special to Daily News) Albemarle. Aug. The annual Stanley Hall school reunion and home coming will be held Saturday near Locust. the remains of the old institution at There are other reunions to be held in this county within the next few days. Descendants of Mack Russell will meet Saturday at Blalock Spring near the home of Joe Russell be A picnic features dinner and speakings will The Loader family, one of the largest in this of North Caroline. will gather Thursday at the D. Lowder old home place near Millingport. The Wiscassett brass band will play. R. R. Ingram. O. Sikes R. Brown. and other prominent for men talks of Albemarle are on the program The third annual reunion of deof the original Whitley family will be held at Liberty Hill church September 10. Jake Newell, Charlotte attorney and political leader, will make the address, (Special to Daily News) South Boston, Va., Aug. 25-The heavy rains of the past week are said to have damaged the tobacco crop in this county but little and prospects are excellent for a splendid crop this fall. In many instances farmers have cut and cured their crop and report that It is curing nicely. It has plenty of body and is of good color and texture. Dan river. which was swollen during the past week. causing much anxiety for the low land corn began receding early Sunday afternoon and fell rapidly during Monday morning The corn crop in the bottom lands along Staunton, Banister and Dan rivers said to be the finest in many years Peach orchids around South Boston are hanging full and the town is overrun with large Elberta peaches. The public schools of South Boston will open Thursday, 11, and the largest enrollment in the schools' history expected. The faculty of the Main Street graded school and that of the West End graded school will they were last session. In the high school Mr Row. an, last year principal of the Clifton Forge high school. will be principal, succeeding R. Lacy The remainder of the faculty will remain with the of Miss Ruth Elliott and Miss Florine Glenn. Miss Lucille Garter, who has been the guest of Miss Ruth Elliott. has returned to her home at Stony Creek, Va Mr. and Mrs. Harvey D. Elliott who have been spending some time at Atlantic City Philadelphia. and Washington, D. have returned to their home on Washington street John Lacy. who is reported critically III at his home on Main street, is said to be about the same today Miss Evelyn Sherrill, who has been the guest of Mrs. Ashby Wright at her home in the east end has returned to her home in Statesville, Misses Racheal and Aleen Wilkinson have returned visit with their uncle. I. D. Jordan, in Miss Frances Blane, of Alton. has returned home after week-end visit with Miss Annie Waller at her on Moore avenue home Mr. and Mrs. H. Wilkinson Jr. have returned home after short stay Virginia Va. Miss at Hilda Godwin and Mildred Upchurch of Raleigh N. are the guests of Mrs. C. Bass at her home on Mrs. Fenton G. O. Rodgers and children the guests of Mrs. Hedderly for the past week. have returned to their home in Norge, Va.

17. October 30, 1931 The Daykin Herald Daykin, NE

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18. June 15, 1932 The Richmond News Leader Richmond, VA

Article from The Richmond News Leader, June 15, 1932

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RESERVE BANK'S DEMURRER UPHELD Meekins' Decision in Case From Newburn Affirmed by Circuit Court. The United States circuit court of appeals has affirmed the decision made by Judge in sustaining demurrer filed attorneys for the Federal Reserve Bank which was defendant 000,000 brought Lucas and and the defunct First National Bank of New was today. The decision the the plaintiffs decide continue han appeal the States supreme which contemplated. The considerable interest banking às concerns the question whether federal bank demand amounts of collateral for bank Asked for Collateral The plaintiffs asked for return marginal collateral claimed for the two sought ages around from the federal reserve institution, they claimed that the local had greatly and eventually destroyed the fact that collateral had been held by the reserve bank. They declared preference being the creditor fed. reserve, in allowing to collect much they asked the return the paper for liquidation bank receiver, so that creditors might benefit from its distribution. for the plaintiffs were Whitehurst, R. Guion and Judge all of New Bern. The defendant attorneys, Newton Baker, former secretary war M. Wallace, Richmond, attorney for the Federal Reserve bank, and Wilson H. Lee, New Bern. filed demurrer asking that the tion be dismissed on several grounds.