National Bank - Raleigh, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3389
Charter Number: 3389
Start Date: March 27, 1888
Location: Raleigh, North Carolina (35.772, -78.639)

Metadata

Model: gpt-5-mini
Short Digest: 77ea82e3

Response Measures

None

Description

Article (Richmond Dispatch, Mar 28, 1888, dateline Petersburg Mar 27) reports announcement of the suspension [of the] National Bank of Raleigh to-day. No run or withdrawals are described and no follow-up about reopening is provided in this item. I classify as suspension_closure because a suspension is explicitly reported and there is no evidence in the article of reopening; the permanent status is uncertain but closure/receiver information is not provided. Date taken as 1888-03-27 (to-day in March 27 dateline).

Events (1)

1. March 27, 1888 Suspension

Cause Details: Article gives no reason for the suspension; merely announces that the National Bank of Raleigh suspended operations that day.
Newspaper Excerpt: The announcement of the suspension National Bank of Raleigh to-day, where North Carolina matters are always regarded with interest.
Source: newspapers

Newspaper Articles (1)

1. March 28, 1888 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, March 28, 1888

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Article Text

STATE REPUBLICANS. TIMEANDPLACE OF HOLDINGTHESTATE CONVENTION. No Losses in Petersburg by the Raleigh Bank Suspension-A Sheriff IndictedMunicipal Politics. (Correspondence of the Richmond Dispatch.] PETERSBURG, March 27, 1888. The Republican State Committee will meet at the residence of the chairman, General William Mahone, in this city, on Thursday the 29th instant. The obmeeting is to decide of holding the ject time of and the place State as to con- the is to to the vention, national which appoint delegates convention and adopt a party platform. It is said RePetersburg and South publicans Side of that the of the are in favor of holding the convention in Petersburg, but it is also understood that bids for the convention will also be made from other pointsnotably Richmond. The only hall in Petersburg suitable for the accommodation of such a body is the Academy of Music, which up to this time has been virtually closed to political no matter of But a formal assemblages, character. application whatever having been made for the use of the building for the Republican convention a meeting of the directors has been called to consider the matter. The Republican Executive Committee is composed of thirty congressional object from each of members-three district. The Thursday's meeting is primarily, as above stated, to name the time and place of holding the State matters may, tion. informally Other however, conven- be discussed, such, for instance, as the plan to be adopted for party of ganization and government, which has recently been 80 prominently to by the letter of the Wise, front Hon, brought John In this connection it no has stated S. that expression come may be to the public from General Mahone reference to Mr. Wise's lett Whatever in he has said has been committed to the care of his immediate and personal friends. The public are, therefore, somewhat at a loss in the premises, and may be said to be divided in as to purposes and effects of the The the opinion letter. announcement of the suspension National Bank of a sensation here of caused the State decided Raleigh to-day, where North Carolina matters are always regarded with interest. Upon careful inquiry, however, it is learned that none of the banks of this city are sufferers. as none of them had any financial dealings with that bank. At the recent session of the grand jury of Prince George county Sheriff Youngblood was indicted for negligence in allowing the late escape of two negro prisonersi the jail. These fugitives, as announced in the Dispatch, captured in subsequently county and Charles were City returned to prison. The indictiment will come up for trial at the April term of the court, but it is not believed it will come to much. Two well-known young men of this city were before a full bench of magistrates this morning, charged with attempted housebreaking. They were acquitted of the charge. We have had four consecutive days of clouds and rain, with scarcely an interval of sunshine. The ground everywhere is saturated with water, all farming operations are in abeyance, and the streams are high. Mrs. Yager, wife of Captain Yager, of the Richmond and Petersburg railroad, died this morning of consumption, after an illness of several months. She leaves one child. New candidates for the Republican nomination for city offices are springing most is in progress. The electioneering up, and the persistent kind city of convention will probably be held some time next month, and from present pearances will be a lively body. Among the addition to the list of aspirants is colored man for the office of commis. sioner of the get. The does he will hardly revenue-anomination colored brother most of the voting here but gets very few of the good-paying offices. ROBIN ADAIR