11990. Bank of New Hanover (Wilmington, NC)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: June 19, 1893
Location: Wilmington, North Carolina (34.226, -77.945)

Metadata

Model: gpt-5-mini
Short Digest: 99fd3781

Response Measures

Full suspension, Books examined

Other: Assignment to a receiver and turning over unpaid collections to Wilmington Savings & Trust Co.; later dividends paid by receiver and legal actions against directors/officers.

Description

Multiple contemporaneous dispatches (June 19–20, 1893) report heavy withdrawals/run that forced the Bank of New Hanover to assign (close) and later a receiver (Junius Davis) was appointed (June 23, 1893). Subsequent reporting and creditor meetings allege officers and directors misappropriated funds, so the initial run led to permanent closure and receivership. Dates derived from newspaper publication dates and dispatch datelines. Bank type inferred as a state bank (name lacks 'National' or 'Trust').

Events (3)

1. June 19, 1893 Run

Cause: Bank Specific Adverse Info
Cause Details: Large, immediate withdrawals ($320,000) and notices to withdraw another $150,000; attributed to depositor panic amid money-stringency and later revelations of misappropriation by officers.
Measures: Bank closed doors and posted notice of assignment; turned unpaid collections over to Wilmington Savings & Trust Company for remittance.
Newspaper Excerpt: Owing to the withdrawal of more than $320,000 of deposits and notice of over $150,000 intended withdrawal ... the Bank of New Hanover has been forced to make an assignment
Source: newspapers

2. June 19, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Inability to realize quickly on assets due to stringency of the money market after large withdrawals; assignment/closure made to wind up affairs in interest of creditors/depositors.
Newspaper Excerpt: The bank of New Hanover did not open this morning ... the bank ... has been forced to make an assignment to Junius Davis
Source: newspapers

3. June 23, 1893 Receivership

Newspaper Excerpt: Mr. Junius Davis Appointed Receiver by Judge Conner... On the aforesaid bill of equity... Judge Conner set aside the assignment ... appointed Junius Davis, Esq as receiver (Article dated June 23, 1893). A bill alleges the bank is insolvent. An examination is proceeding by Maj C. Dowd, State bank examiner.
Source: newspapers

Newspaper Articles (25)

1. June 19, 1893 Evening Star Washington, DC

Article from Evening Star, June 19, 1893

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DEPOSITORS WILL BE PAID. The Bank of New Hanover, N. C., With S1,200,000 Assets Assigns. WILMINGTON, N. €., June 19.-The bank of New Hanover was not opened this morning and following notice was posted on its doors: "Owing to the withdrawal of more than $320,000 of deposita and notice of over $150,000 intended withdrawal maturing in a few days, and also to its inability to realize quickly upon its assets on account of the stringency of the times, the Bank of New Hanover has been forced to make an assignment to Junius Davis, in the interest of all concerned. Depositors will receive dollar for dollar and the business will be wound up as rapidly as possible. (Signed) "A. L. SMITH, Cashier." The general belief here is that the above statement is entirely fair and honest. The assets are estimated at $1,250,000, the liabilities at $800,000. All unpaid collections of Bank of New Hanover have been turned over to the Wilmington Savings and Trust Company for remittance. The closing of the Bank of New Hanover was followed by a run on Wilmington Savings and Trust Company and the bank was crowded with depositors. The bank is paying full amount on all deposits of $90 or under and $90 on all larger deposits. No depositor under this rule can draw over $90 without thirty days' notice. There seems to be no doubt of the entire solvency of this bank and that it can meet every obligation. The run on the Wilmington Savings and Trust Company continues, but confidence is being restored by the official assurance of J. N. Atkinson, president, and H. Walters, vice president, that every dollar on deposit will be paid out continually in the regular course of business and that the doors of the bank will not be closed. Concerning the Bank of New Hanover it may be said with certainty that depositors will not lose a doliar.

2. June 20, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe Daily New Mexican, June 20, 1893

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To the Wall. WILMINGTON, N. C., June 20.-The bank of New Hanover did not open yesterday. Assets are estimated at $1,250, 000 and liabilities at $800,000. Columbus, O.-J. & G. Butler, wholesale grocers, assigned yesterday to Charles B. Butler. The liabilities are $50,000, and assets from $80,000 to $100,000. They have been in business since 1854.

3. June 20, 1893 The Herald Los Angeles, CA

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BANK RUNS IN THE SOUTH. A Big Concern at Wilmington, N. O., Closes Its Doors. WILMINGTON, N. C., June 19.-The Bank of New Hanover has failed. Assets, $1,250,000; liabilities, $800,000. A notice on the door of the bank says: "Owing to the withdrawal of $320,000 deposits and notice of the withdrawal of $150,000 more, and because of inability to realize quickly on assets, the bank has decided to assign. Depositors will be paid in full." The failure caused a run on the Wilmington Savings and Trust company. It is requiring 30 days on sums over $90 under the law. It is believed to be entirely solvent.

4. June 20, 1893 Asheville Daily Citizen Asheville, NC

Article from Asheville Daily Citizen, June 20, 1893

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A $90,000 MORTOAGE Wiluingion House in Deep Wat. er- Confidence Restored. WILMINGTON, N. C., June 20.-Adrian & Vollers, wholesale groceries and liquor dealers, one of the oldest business houses in the city, have assigned with preferences The failure was precipitated by that of the Bank of New Hanover in whose favor they executed a mortgage for $90,000 some months ago. But few depositors called today for their money at the Wilmington Savings and Trust company's banking house, and some of those who withdrew their money yesterday have already returned it. Deposits are being made bv business men this morning.

5. June 20, 1893 The Durham Daily Globe Durham, NC

Article from The Durham Daily Globe, June 20, 1893

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THE failure of the Bank of New Hanover, at Wilmington, was due to some foolish depositors who became frightened. The stock of the bank found a ready sale at forty per cent premium, and now, be. cause of an unexpected run, depositors, it is feared, will not be paid in full.

6. June 20, 1893 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, June 20, 1893

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OTHER FAILURES. Wilmington, N. C., June 19.-The bank of New Hanover has failed: assets, $1,250,000; liabilities, $800,000. The failure caused a run on the Wilmington Savings and Trust Co. It is requiring thirty days on sums over $90, under the law. It is believed to be entirely solvent. Boston, June 19.-The Little Kanawha Lumber Company was today placed in the receiver's hands. The assets are $1,100,000; liabilities, $785,000. On account of the failure of the Company, thefirms of Andrew F. Leatherbee, William Leatherbee & Sons and the Tauton Lumber Company assigned also. Pittsburg, June 19.-The Oil Well Supply Company, one of the most extensive corporations in Pennsylvania, and the largest concern of its kind in the orld, today went into the hands of a receiver. The assets aggregate $2,500,000. The total indebtedness is placed at $1,100,000. Buffalo, N. Y., June 19.-J. A. Adam was today appointed temporary receiver for the George L. Spuire Company, manufactureres of plantation machinery. The liabilities are $200,000, assets, $115,000. New York, June 19.-The Eaton, Cole & Burnham Company, manufacterers of brass goods, today suspended. No statement is yet made, but the failure is believed to be a bad one.

7. June 20, 1893 New-York Tribune New York, NY

Article from New-York Tribune, June 20, 1893

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A NORTH CAROLINA BANK ASSIGNS. ASSETS LARGELY EXCEED LIABILITIES, BUT THE STRINGENT MONEY MARKET PRE VENTS REALIZATION. Wilmington, N. C., June 19. -The Bank of New-Hanover was not opened this morning and the following notice was posted 611 the door : Owing to the withdrawal of more than $328,000 of dc. posits and notices of over $150,000 intended withdrawal maturing in a few days, and also to its inability to realize quickly upon its assets on account of the stringency of the times, the Bank of New-Hanover has been forced to make an assignment to Junius Davis in the interest of all concerned. Depositors will receive dollar for dollar, and the business will be wound up as rapidly as possible. W. L. SMITH, Cashier. The general belief here Is that the above statement is entirely fair and honest. The assets are estimated #1,250,000; the liabilities at $800,000. All unpaid collections of the Bank of New-Hanover have been turned over to the Wilmington Savings and Trust Company for remittance. The closing of the New-Hanover Bank was followed by a run on the Wilmington Savings and Trust Company. which is paying the full amount on all deposits of $00 or under, and $90 on all larger deposits. No depositor can draw over $90 without thirty days' notice. Confidence is being restored by the official assurance of J. W. Atkinson, president, and 11. W. Walters, vice-president, that every dollar on deposit will be paid out continuously in regular course of business, and that the doors of the bank will not be closed. Concerning the Bank of New-Hanover, it may be said with certainty that depositors will not lose a dollar.

8. June 20, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, June 20, 1893

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ANOTHER BANK FAILURE Caused by a Run-Depositors - Will Not Lose a Dollar. WILMINGTON, N. C., June 19. -The bank of New Hanover did not open today, and the following notice was posted: "Owing to the withdrawal of more than $320,000 deposits and notices of over $150,000 intended withdrawals maturing in a few days, and also to its inability to realize quickly, on account of the stringency of the times, the bank of New Hanover has been forced to make an assignment to Junius H. Davis, in the interest of all concerned. Depositora will receive dollar for dollar, and the business will be wound up as rapidly as possible. (Signed) "W. L. SMITH, Cashier." The general belief here is that the failure is entirely fair and honest. The assets are estimated at $1,200,000; the liabilities at $800,000. All unpaid collections of the bank of the New Hanover have been turned over to the Wilmington Savings and Trust Company for remittance. The closing of the bank was followed by a run on the Wilmington Savings and Trust Company and the bank was crowded with depositore. The bank is paying full amount on all deposits of $90 or under and $00 on all larger deposits. No depositors under this rule can draw over $90 without thirty days' notice. There seems to be no doubt of an entire solvency of the bank.

9. June 20, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, June 20, 1893

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and iron and pipe mill of the company are located in Pittsburg. They also have foundries, shops and offices in Oil City, Bradford, Connecticut and Ohio, and own property in New York, Ohio, Indiana, Illinois and West Virginia, as well as in Pennsylvania. They employ over 1,500 clerks and operatives. NEW YORK, June 19.-The Eaton, Cole & Burnham company, manufacturers of brass goods at Nos. 82 and 84 Fulton street, was today placed in the hands of a receiver. Inability to meet maturing obligations is the cause of this action. BUFFALO, N. Y., June 19.-J. N. Adam was appointed temporary receiver of the George L. Squire Manufacturing company. The appointment was made on application of the company. The chief cause of the present financial embarrassment of the company is due to the stringency of the money market and inability to realize readily on work done. The liabilities are about $200,000; assets, $115,000. An approximate estimate of the gross assets of the concern is $306,000. NEW YORK, June 19.-Justice Lawrence, of the supreme court, has appointed Henry J. Braker receiver of the Cassel Publishing company in an action brought by H. S. Archer, director and former vice president, on ailegations that it has become insolvent. The company's financial condition is attributed to its president, Oscar M. Dunham, floating $180,000 worth of notes for his own obligations, it is declared. Dunham has disappeared. COLUMBUS, O., June 19.-J. and G. Butler, wholesale grocers, assigned today. Liabilities. $50,000; assets, $80,000 to $100,000. The cause is the financial stringency of the times. PITTSBURG, June 19.-The third and final account of the assignee of the famous Penn bank, which failed seven years ago for $3,000,000, was filed today. The balance on hand will be sufficient to pay the creditors 1/8 of 1 per cent, or 12 per cent in all. WILMINGTON, N. C., June 19.-The Bank of New Hanover did not open this morning. Assets estimated at $1,250,000; liabilities at $800,000. The closing of the Bank of New Hanover was followed by a run on the Wilmington Savings and Trust company, and the bank was crowded with depositors. The bank is paying full amount on all deposits of $90 or under and $90 on all larger deposits. There seems to be no doubt of the entire solvency of this bank and that it can meet every obligation. BOSTON. June 19.-The Little Kanawha Lumber company, a Maine corporation. capital stock of $500,000. with $347,000 actually paid in, is financially embarrassed, and has been placed in a receiver's hands. The assets are $1,100,000; liabilities $785,000, consisting of negotiable paper. On account of the failure of the company the firms of Andrew F. Leatherbee, W.H.Leatherbee & Sons and the Taunton Lumber company have assigned. NEW YORK, June 19.-Heicht Bros., importers and dealers in laces and fancy goods, today confessed judgement for $36,000 to Esther Heicht, and for $21,287 to Schafer Bros. for money lent. Executions on both judgments have been issued to the sheriff.

10. June 21, 1893 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, June 21, 1893

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stesippl. to be United States Attorney of the Northern District of Mississippi. A dispatch from Madrid says that a revolue tionary outbreak is reported to have taken place in Barcelona. Details are lacking. A report is In circulation at Washington that Paymaster John Ciyde Sulliven. who was re. cently reprimanded by the Navy Department for criticising the government's position in the Bering-Sea controversy. will be court-martialed for the em bezzlement of $13,000 of government funds. Adrian & Vollers, wholesale grocers and liquor. dealers, one of the oldest business-boases in Wilmington, N. C., have assigned, with preferences, tueir failure being precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago. At Ridgewood. N. J., yesterday the boller of the Ridgewood Stone-Crusher Works exploded with a terrino report and completely wrecked the engine-house, Superintendent John Bogert being instantly killed. his body being blown about filty feet and Engineer Jobn Harrington being fatally hurt. The Pall-Mail Gazette (London). which is an orgau of the Conservative party, says that it is the intention of the government to abandon the financial clauses of the Irish home-rule bill and to substitute in their stead new clauses empowering the Irish legislature to frame its own budget to the amount of £5,000,000, which, however, will have to be submitted to the Imperial Parliament for ratification. Patrick H. Winston, United States Attorney: Thomas R. Brown, United States Marshal; An. drew Wasson, United States Collector at Port Townsend: C.J. Mulkey, United States special agent. and six special inspectors of customs in the Paget-Sound district. all in the State of Washington, have been dismlased as a result of reports made to Secretary Carlisle by SpecialTreasury-Agents Wood and Lewis. being charged with connection with one of the most extensive and successful conspiractes ever formed to smuggle Chinese and opium into the United States across the far northwestern territory.

11. June 21, 1893 The Morning News Savannah, GA

Article from The Morning News, June 21, 1893

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Wholesale Grocers Fail. Wilmington, N. C., June 20.-Adrian & Volers, wholesale grocers and liquor dealers, one of the oldest business houses in the city, have assigned with preferences. The failure was precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago.

12. June 21, 1893 The State Chronicle Raleigh, NC

Article from The State Chronicle, June 21, 1893

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Another Failure at Wilmington. By Southern Associated Press. WILMINGTON, N. C., June 20 Adrian and Vollers, wholesale gro. cers and liquor dealers, one of the oldest business houses in the city, assigned with prefences. The failure was precipitated by that of the bank of New Hanover in whose favor they executed a mortgage for ninety thousand dollars some months ago. But few depositors are calling for money at the Wilmington Savings and Trust Company's banking house today, and some of those who withdrew money yesterday are already returning it. Deposits are being freely made by business men this morning.

13. June 21, 1893 The State Chronicle Raleigh, NC

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The Wadesboro Bank Closes. Charlotte Observer. WADE BORO, June 19. - Twenty minutes after 9 o'clock this morning a telegram was received by J. A. Leak, president of the Bank of New Hanover at Wi!mington, stating that that bank had assigned. The bank here is a branch of the Wilminton bank and its doors closed immediately upon the receipt of this message. Notwithstanding the Wadesboro bank is a branch bank, its books have been kept separate and distinct from those of the Wilmington bank, and so far as it is concerned it is believed that all depositors will be paid in full if it is possible to settle the affairs of the two banks separately. It is not known here how bad the Wilmington break is, but the worst is feared. The bank here had the unbounded confidence of our people, and the news of the failure was a terrible shock. Its last statement showed that it had about $169,000 in deposits, and standing alone there was not a better managed or more solvent bank in the country. Business of every description will suffer, but our citizens are taking as cheerful a view as possible of the situation and are hoping for the best.

14. June 21, 1893 The Sun New York, NY

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MINOR BUSINESS TROUBLES. Failures Here and There About the Country -Stringency of the Money Market. NASHUA. N. H.. June 20.-The Colony Manufacturing Company of Wilton assigned yesterday. The liabilities are estimated to be $168,000 and the assets simply amount to the plant. buildings, and some goods on hand. It IS estimated that not more than fifty cents on the dollar can be realized from the assets. Several Nashua merchants were stockholders. and will lose heavily. The corporation has carried on a woollen manufactory and has done an extensive business. It employed,200 hands. The cause of the failure is said to be inability to sell the goods. and also that the company paid too high wages. COLUMBUS, O., June 20.--J. & G. Butler. Wholesale grocers. assigned yesterday to Charles B. Butler. Liabilities, $50,000: ASBets. $80.000 to $100,000. Cause. financial stringency. The firm has been in business since 1854. WILMINGTON, N. C. June 20.-Adrian & Vollers. wholesale grocers and liquor dealers. one of the oldest business houses in the city. have assigned. with preferences. The failure was precipitated by that of the Bank of New Hanover. in whose favor they executed amortgage for $90.000 several months ago. Few depositors are calling for money at the Wilmington Savings and Trust Company's banking house to-day. and some of those who withdrew their money yesterday have already returned it. Deposits are being freely made by business men this morning. INNEAPOLIA June 20.-James McMillan of Minneapolis has made a voluntary assignment of his property to M. C. Fletcher. Mr. McMillan was in the hide and fur business until a short time when his business was transferred to R corporati 11 known as James McMillan & Co. The assignment does not affect this corporation. Mr. Fletcher estimates that the assets will amount Dabout 700,000, and liabilities to $250,000 Of his liabilities sixty por cent. are foreign creditors, persons who have made consignments of goods to him. or who have furnished capital. The other forty per cent. are Minneapolis people. KA.. une 20.- The State Bank Commissinner yesterday ordered the State Bank of Plainville closed The capital stock is $50,000. but the amount of lia ilities is not obtainable. The officers of the Dank bay that depositors will be paid in full. Abe teinburg a clothing merchant. failed yesterday. The liabilities are it out an nondinal assets of equal $40,000. amount. with Chattel mortgages on the stock were given to various pre erred creditors BRIDGEPORT, June 20. - The liabilities of the Eaton. Cole & Burnham Company. which passed into the hands of receivers yesterday. presaid to SACO,COO and the assets double that amount. The business here will be conducted by the receivers. E. G. Durnham and E. H. Cole who are memlers of the copartnership. Frank Milier o this city gave 350,000 bonds for the receivers. The first intimation here of any trou le was received last night. when the 100 employees did not receive their pay as usuals EUGENE Or. June 20.-The Lane County Bank temporarily suspended to day. It has plenty of property in slight to secure all depositors. SAN FRANCISCO, June 20.-The Broadway Bank has closed its doors. It was an unimportant concern. A lively run was kept up on three banks until the closing hour. Apprehensions are telt for -morrow, as it is evident that the run will be kept up.

15. June 22, 1893 The Western Sentinel Winston-Salem, NC

Article from The Western Sentinel, June 22, 1893

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THE BANK OF NEW HANOVER. Not a Bad Failure -Depositors - will be Paid in Full. Details of the failure of the Bank of New Hanover, at Wilmington, are contained in the dispatches. The cause of the suspension is that $320,000 of deposits were drawn from the bank last week and notices were on file of over $150,000 to be withdrawn this week. Owing to the stringency of the times the bank could not realize quickly upon its assets, and hence there was nothing to do but close its doors. The cashier, in a published card, announces that depositors will receive dollar for dollar. The assets of the bank are estimated at $1,250,000 with liabilities of only $800,000. The failure of the Bank of New Hanover caused a run on the Wilmington Savings and Trust Company, but as all demands were promptly met and the president assured depositors that the bank was perfectly solid and solvent, the run soon ceased. The general impression is that, with a little time to get its affairs in shape, the Bank of New Hanover will not prove a bad failure, neither depositors nor stockholders losing anything. The Bank cf New Hanover in Wadesboro, a branch of the Wilmington bank but conducted as a separate institution, closed its doors as soon as notiffed of the Wilmington failure. No statement as to its condition is made, except that it would have continued but for the other failure.

16. June 22, 1893 Connecticut Western News North Canaan, Salisbury, Canaan, CT

Article from Connecticut Western News, June 22, 1893

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Convenience The Many Happenings of Seven Days Reduced From Columns to Lines. Thursday, June 15. The village of Alba, Mich., was destroyed by fire. The torpedo boat Erickson, building at Dubuque, Ia., is to be launched in July. Three thousand employees at the World's fair are to be dropped. The Cunarder Servia reports that on her last trip she ran down the American ship A. McCallum, two of the latter's crew be ing drowned. Mrs. Catharine Maher, 90 Berry street, Brooklyn, attempted to poison herself and 9-year-old son with paris green. Frank Adams, who would have been released from Sing Sing next Monday, escaped. After a run on the Painesville (O.) bank the institution closed. Rev. Drs. Graves and McKim were respectively consecrated bishops of China and Japan in New York. A steamer from Bremen carrying 800 Russian Jews is expected at New York. Friday, June 16. Cardinal Gibbons will be given A rich silver testimonial on Aug. 16, the anniversary of his twenty-fifth year as archbishop of Baltimore. In Mecca there were 850 deaths from cholera in five days. Somerville, Mass., has voted nó license. A. Bailey, the missing grain man of Duluth, left many big debts. The Chemical National bank of Chicago is to resume. In her suit for divorce against John R. Rogers, Minnie Palmer, the actress, has charged him with chasing her with a carving knife. Mrs. Daniel Lamont was overcome by heat at the World's fair. Mrs. Frank Leslie, having obtained her divorce from Willie Wilde, has sailed for Europe. A train loaded with Polish workmen was stoned near Tonawanda, N.Y. Mrs. Alice Bogardus, aged 60, of Brooklyn, tried to kill herself by jumping from third story window. Wesley Shaw of Buchanan, Ga., killed an old woman whom he believed to be a witch. Saturday, June 17. Ninestowaways were found on the steamship Arizona during her trip from Liver pool to New York. The trouble with the striking lumber shovers at Tonawanda, N. Y., is growing serious. Max Clayton, an insane ex-theatrical manager, escaped from the asylum at Amityville, N. Y., but was recaptured in a New York theater. Judgments and executions have been filed at Pittsburg against the Duquesne Tube Works company for $350,000. Albert Young, a valet for Simms, the Jockey, stabbed and killed Emory Harts field, valet for Overton, the jockey, at Morris park race track. In a fight on Adams street, Chicago, three men named Christenden, Kane and Wilson were fatally injured. The Kentucky house has decided that Frankfort will remain the state capital. The Duke of Veragua has decided to re main in this country until July. Work on the break in the levee at Mag nolia, Miss., has been abandoned. Fifteen hundred people attended the funeral of George W. Helme from his country home at Helmetta, N. J. Monday, June 19. The suit of John Wanamaker against the World's fair authorities for Sunday closing will now be pressed. There are over 400 cases of typhoid fever in Ironwood, Mich. Andrew Wall, promoter of the so called Mechanics' Co-operative bank in Brooklyn, is charged by Washington victims with swindling. A mad dog ran amuck in Cedar Grove, N.J., biting many animals. One of the striking miners at Scammon, Kan., killed himself. The investigation of the Childs-Drexel home for printers revealed that the funds had been misappropriated. Senator Stanford of California, who has been ill for some time, is recuperating Stockbridge village, near Pittsfield, Mass., was stirred up by midnight burglars. The Pennsylvania railroad is reducing its force of employees. Ex-President Harrison has finished his visit to the World's fair and returned home. Tuesday, June 20. The body of Father McKenna, who was drowned with his niece in the North river, was recovered. Andrew Carnegie and party are on a coaching tour in England. The bank of New Hanover at Wilming ton, N.C., closed its doors after a run. I An embassador from China arrived at San Francisco to investigate the Geary law and its effects. i Harry Murtha, wanted for a number of b burglaries in New Jersey, was arrested at Coney Island. $ Frank Davis, the burglar, was sentenced in New York to 24 years and 6 months in i prison. The'last of the Chinese lepers, on North Brothers Island, is dead. in Grand Rapids, Mich. a sensation by he Edwin Booth stood a e thought created A minister declaring better that chance in heaven than would Rev. Dr. Talmage. Seven miners were burned to death in the forest fires in Minnesota.

17. June 23, 1893 The State Chronicle Raleigh, NC

Article from The State Chronicle, June 23, 1893

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THE BANK OF NEW HANOVER. Mr. Junius Davis Appointed Receiver by Judge Conner. Wilmington Messenger. A bill in equity in behalf of Holmes and Waters, grocers of this city, and all other creditors of the Bank of New Hanover, against the New Hanover assignee filed in the office D. Clerk has Davis, Bank John been of Esq., Taylor, Hanover of of and the the county. of Junius Supe- same, Col. rior Court of New This bill alleges that the Bank of New Hanover is insolvent; that it has made a general assignment of its property to Junius Davis,Esq; that said assignment was invalid the law of North Carolina; there is of that many of the and smaller under apprehending that creditors reasonable the bank bank, ground of would and the get judgment against sell its property at a sacrifice, and to of the general that the assets creditors; the great injury of the which defendant bank are a trust fund in law and in equity ought to be distributed ratably by the court for the benefit of all the creditors of the bank. On the aforesaid bill of equity, application was made before his 1 Honor Judge Connor at Wilson on e Monday afternoon for the appointh ment of a receiver of all the prop1 erty of the Bank of New Hanover. n After hearing the argumentJudg e Connor set aside the assignment t and granted the petition of the y plaintiffs. He thereupon appointed e Junius Davis, Esq as receiver, and e required of him a bond of $75,000 d conditioned for the faithful pert formance of all his duties as rece17, er. The bond of Mr. Davis was ex11 ecuted, approved and filed before Col. Jno. D. Taylor, Clerk of the e Superior Court, at his office at the court house in this city on yesterS day afternoon. e George Rountree, Esq., appeared r for the plaintiffs and Iredell Meares, y Esq., for the defendants. 1 THE SITUATION. Beyond the appointment of the receiver, it might be said that the a situation with regard to the susIs pended bank of New Hanover is und changed. Some of the bank officers ideclare its assets to be in good con11 dition and they are confident that le the depositors will be paid in full, y with a even showing for the stockholders. Many of the depositors 11 are also confident, but many of a them have no hope of getting more n than fifty cents on the dollar. It d may as well be said, however, that the whole thing is but a matter of le speculation and simply nobody e knows what the depositors will get out of the wreck, if it can be so le called. of AN EXAMINATION IN PROGRESS. n Mr. Junius Davis, the receiver, is is in charge, and an examination is proceeding by Maj C. Dowd, State Kbank examiner, assisted by the n clerical force of the bank. State a Treasurer S. McD. Tate is present 0and as soon as the examination is d completed, the examiner will make e a report to him of the condition o in the affairs of the bank. It will rehe quire three or four days to complete e the examination. The assets of the bank consist o much worthless paper, and consid erable that is good, but as we have before said, time alone can tel whether they can be realized upon er sufficiently to pay the depositors i full

18. June 30, 1893 The Times Richmond, VA

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I LADY'S AWFUL SUICIDE. MRS. A. W. FRAPS CUTS HER THROAT FROM EAR TO EAR. Application Made by the State Treasurer for an Additional Receiver for the Defunct Bank of New Hanover. RALEIGH, N. C., June 29.-Special.There was a suicide this morning that caused considerable excitement, following closely, as it did, on the cutting of Whitaker in the fight yesterday. Mrs. A. W. Fraps, the wife of one of our merchants, cut her throat from ear to ear with a razor at 8 o'clock this morning. She had been in delicate health for some time, and her mind had become impaired from the effects of her illness, but her husband and family did not think her malady of a dangerous nature, and were greatly shocked by the tragedy. She arose as usual, and seemed brighter than she ordinarily was, though she had been very despondent for the past few days. She got a razor belonging to her son, got in bed and then cut her throat, after locking the door securely. She was found dead In the bed by her son. State Treasurer Tate has made an application to Judge Conner to have an additional receiver appointed for the defunct Bank of New Hanover, of Wilmington. The State had on hand $15,000 in this bank at the time that it closed its doors, and the additional receiver will look particularly after its interest. The case was argued this afternoon, the State being represented by F. H. Busbee and Mr. George Rountree appeared in opposition to the application. The Bank of Wadesboro, a branch of the Bank of New p Hanover, was also represented by counb sel. Mr. Junius Davis is the receiver at present, and it is not known what order will be made in the cause, The argument is still proceeding to-night, and the order L will not probably be made before tomorrow. a 25 Judge Conner refused to appoint an additional receiver of the Bank of New Hanover, as requested by application of State Treasurer Tate. He makes order, however, appointing a receiver for the Bank of Wadesboro, the branch R bank. The receiver for the latter bank 4t is not yet named.

19. July 4, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC

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# WAS IT HONEST BANKING? The Messenger gives us a long account of a meeting in Wilmington last week of the creditors of the late Bank of New Hanover, defunct. In this meeting Mr. Jno. D. Bellamy, attorney for some of the creditors, made a startling statement, which went uncontroverted He said that over $500,000 had been absorbed by the officers of the bank and other relatives; that the firm to which H. Vollers, a director, belonged, owed the bank $129,084.38; that W. L. Parsly, son-in-law of a director, owed the bank $136,500; that the Wilmington Compress Company, in which some of the bank's officers were directors, owed the bank $81,000; that the New Hanover Transit Company, of which the bank's officers were stockholders, owed the bank $80,000; that Isaac Bates, the President of the institution, was debtor to the tune of $41,000; that W. L. Smith, the Cashier, was behind in his account $23,852, and that President Isaac Bates' partner in the rice plantation owed $14,000. The aggregate of these sums is $514,434.38. It is said that there is great dissatisfaction on the part of the creditors in the appointment of the receiver. They contend that Junius Davis, the bank's attorney, should not have received that appointment; that some disconnected and disinterested person from some other portion of the State should have received the appointment. The whole transaction shows up in a bad light. The directors were either dishonest, incompetent or criminally negligent in the discharge of the duties imposed upon them in their selection to such a responsible position. In either case they are censurable.

20. August 31, 1893 The Western Sentinel Winston-Salem, NC

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The Messenger says Frances Brown a colored woman of Wilmington, had $4,000 in the bank of New Hanover when it suspended. After the bank broke she put her money in her wardrobe. She had $500, mostly in gold, in the wardrobe and while she was at church some one stole all of.her money. A colored brother is accused of the tbeft and has been arrested

21. September 21, 1893 Goldsboro Weekly Argus Goldsboro, NC

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Wilmington Messenger: Wm. B. Hill, a well-known colored citizen, died last night at 9:15 o'clock at his residence, 511 South Seventh street, aged 60 years. He was janitor at the Bank of New Hans over almost from the time it was founded until it suspended, and previous to and during the war, he was carriage driver of Mr. Robert H. Cowan. His funeral will take place at 4:30 p. m., today at St. Stephen's church. Newbern Journal: Native hay is coming in and judging from appearances the crop will be abundant. The growth is luxuriant, and near the city more land on almost every farm has "gone to grass" than ever before. If farms more remote have done equally as well as the spectacle of a Craven county farmer buying forage this year will be a rare one. These neighboring farms not only have enough but to spare. The native crab grass takes the lead but attention is likewise being paid to clover, millet, &c.

22. March 29, 1894 The Caucasian Raleigh, Goldsboro, Clinton, NC

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President Bates Acquitted. The trial of Mr. Isaac Bates, pre sident of the late suspended Bank of New Hanover, of Wilmington, came ff in the Superior court in that city yesterday and resulted in the acquittal of the defendant. Mr. W.S. O. B. Robinson, of this city, was of counsel for the defense.

23. September 18, 1894 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC

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burn, of Mulberry township, were married last week. Whitley is about 23 years old and this is the third wife he has taken to himself. He undoubtedly believes in the marriage ceremony, says the Wilkesboro Chronicle. The Lumberton fair gounds are being rapidly put in order. Floral Hall, a mammoth structure about 45x110 is about completed, the stalls are ready and the top dressing is being put on the race track. Special premiums are also coming in, says the Lumberton Robesonian. Winston Sentinel: An attempt was made Friday night by three prisoners, who are confined in the same cell in the Guilford county jail, to escape. It seems an outsider had furnished the prisoners with saw blades and acids. They were detected, however, before they got away. United States Marshal, J. J. Rogers, yesterday afternoon pulled William Buffalo, a colored man upon the charge of retailing liquor without license. It seems that he had been dispensing the ardent in the locality near Durham known as "Little Washington," says the Durham Sun. J. L. Moretz relates to us that on last Saturday on Elk Knob and on the head of Meat Camp the hail that fell in the severe storm exceeded anything ever known there. Hail stones as large as one's fist came down. The greater amount was as large as hen eggs The corn crop was badly damaged, says the Boone Democrat. High Point Enterprise: We saw a sample of Hickory King corn raised on Capt. Snow's place this year. This corn runs two quarts more to the bushel when measured on the ear than any other. Four years ago Capt. Snow had only four grains of it. This year there is at least 25,000 bushels of it raised in this section. Last Monday Mr. J. W. Green, who lives with Mr. B. R. Jones while out squirrel hunting on Swift Creek found a large sturgeon. He returned home and secured help to go and capture the sturgeon. Her length was 7+ feet and weight was 285 pounds. They took from her over a half bushel of eggs, says the Smithfield Herald. We are told that A. G. Cox has bought three fourths interest in Christian's mill, six miles from Durham, and it is to be greatly improved. The dam is being cemented and made as strong as possible. It is Mr. Cox's intention to put in roller machinery for the purpose of making flour of the best grades, says the Durham Sun. Raleigh Visitor: The largest vineyards in the State are now at Southern Pines. Two miles the other side of that thriving place Dr. McNeil, of New York, who recently purchased a large tract of land there, now has 200 men at work clearing off the pine timber, stumps, &c., and getting ground in shape for the planting of vines. On Ocean View beach yesterday, a school of about two acres of mullets were spied a short distance out to sea, and a fishing crew immediately put out and cast a sein into the midst of them. They made such a big haul that the sein broke and all the fish were lost with the exception of about twenty, says the Wilmington Messenger. Rockingham Rocket: Wat McKinzie, colored, who lives out near Mr. Euclid Covington's, has a chicken four months old that has four well developed legs. The two extra legs are on the left side and are joined together by a ligament of skin like appearance, but are perfectly formed and natural looking. The monstrocity is alive and thriving. Liberty Herald: A serious accident happened at Siler's Mill, near here, last Saturday. A little girl who was playing about the mill went too near the shafting and her dress caught in the shafting and she was dashed against the framework of the mill. The mill was stopped at once, but not until she was badly crushed and several bones broken. Capt. Sandy Smith, of Concord, is the city to day in the interest of the Bost gold mine in Cabarrus county. He is negotiating with a New York gentleman for the property. The mine is located on Anderson's Creek, near Rocky River, and is said to be exceedingly rich. Its present owners are Messrs. Pete and Allen Bost, says the Charlotte News. Young Aleck Pinnix, on Ramseur street, is somewhat of a chicken raiser. He had a fine start on Bantams and Cochins and a nice gang of young guineas. This morning about 5 o'clock his whole hennery was cleaned by a darkey, who went not one hundred yards from the house and sold them to a merchant who keeps a little store near the railroad crossing, says the Durham Sun. The Wilmington Messenger says that the cases against the directors of the suspended Bank of New Hanover have been moved from Duplin Superior Court to Lenoir Superior Court for trial, and will be heard at the November term. The court granted the change of venue upon motion of the counsel for the defendants. A nol pros was entered against Mr. Clayton Giles, one of the defendant directors.

24. June 4, 1895 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC

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He has just built a band saw mill at Orental for the Orental Lumber Co., Pickles Bros. constituting the company. The mill will cut 50,000 feet per day, and it is said to be the best single mill in the State. The Jacksonville Times tell of the marriage of Mr. W. W. Harvell and Miss Dolly A. Bland, both of that place. Their matrimonial attempts had been broken up six tim's by the father of Miss Bland, but they determined to "try, try again," and at last they were successful. Lenoir Topic: We learn that the cold spell last week did more damage than we thought. In some portions of the county all the corn was nipped and bitten by the frost, and also the beans. The corn, however, will come out all right, though it will be a little late. The wheat has also suffered some. A few weeks ago, D. Laws of the Brushies captured a large owl in a trap. It measured 6 feet and 6 inches from tip to tip. Its foot when spread was as large as a man's hand. The owl had caught a goose and ate it the night before. But he has caught his last goose, says the Wilkesboro Chronicle. Almost nightly some petty robberies are being committed in various portions of the city. Tuesday night, the premises of a widow on Siocumb street were visited, and the thief not finding anything within easy reach, carried off a clothes line and a weight attached to a gate, says the Goldsooro Headlight. Levi Glenn, a young man who clerks in Douglass' saloon, was taking shell out of a pistol to-day, about 10 30 o'clock when one of them fired. The ball took effect in the left leg just above the knee, came out and then made a grazing wound. He is not dangerously wounded, says the Durham Sun. Lumberton Robesonian: Mr. Jno. C. Moore for many years a prominent figure in our county on account of the positions of honor and trust he has filled, died at the residence of his sister, Mrs. S A. McQueen, in this town last Sunday night. He was about 76 years of age and had been in feeble health for a year or two. Mr. H. H. Orr yesterday had thirty three chickens in his yard, but there is a lonesome look about his premises today. Thieves visited him last night and stole 29 of his 33 chickens. Mr. Orr invites the thief to return and take the remainder of his fowls, together with the coop, and no questions will be asked, says the Charlotte News. Wilson Advocate: Mr. Iredell Williams, of Nash county, gave a big dinner and fish fry on Friday last in honor of his father's 97th birthday. A large number of his friends from Rocky Mount, Toisnot, Wilson, and the country around were present and joined with him in wishing the old gentleman many happy returns of the day. Mr. Junius Davis, Receiver, announces in the Star that a dividend of eight per cent. will be paid, on and after June 5th, to all creditors of the Bank of New Hanover who have proved their claims. This will be the third dividend, and will make twenty-eight per cent, which is more than many of the creditors expected to get in all. Salisbury Herald: Three trainloads of vegetables passed through Salisbury over the Southern road Sunday morning for New York. There were fifty two cars in the three trains, and with the exception of three cars loaded with cattle, they were all filled with beans, potatoes, peas, etc. One car was loaded entirely with pumpkins. Hickory Press and Carolinian: The 7 year old daughter of Mr. Pink Link, residing in the vincinity of Granite, was fatally burned on Saturday while engaged in burning brush. In some way her clothing became ignited and before she could be rescued she was so horribly cremated that she lived only fifteen hours after the sad occurrence. Rockingham Index: Farmers in this section are beginning to don the look of seriousness. At the present low price of cotton a poor crop would bankrupt everything. The present cold, bad weather is doing great injury to the crops. The season is several weeks behind anyway and this weather, if it does not seriously injure, will delay it still more Henderson Gld Leaf: Death has again come into our midst, taking away one of our oldest citizens. Mr. L B Manning died at his home in this place at a quarter to 6 o'clock this morning. The deceased would have been 76 years old next July. He was a remarkably well preserved man for his age; but had failed rapidly during the last six months. An incendiary fire at Princeton, Friday morning at 2 o'clock, destroyed the stables of Mr. Joseph W. Perry. together with three mules, forage and farming implements, causing an uninsured loss of $1 000. But for the timely arrival of Mr. E. M. Talton. who happened to be up, eight mules and a horse would have been cremated, says the Goldsboro Headlight. A citizen of a neighboring town, in Statesville a few days ago, said to the

25. May 15, 1896 The News & Observer Raleigh, NC

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CAROLINA BEACH SOLD. The Property Bought In by the Original Owners for $3,600. Wilmington, N. C., May 14.-(Special.)-The property formerly belonging to the New Hanover Transit Company which was transferred and deeded to Mr. S. W. Skinner by Junius Davis, Esq., receiver for the Bank of New Hanover, comprising in part use railroal, locomotive, cars, hotel and other property was sold at public au tion to-day at 11:30 o'clock by Cronly and Morris, auctioneers, under authority of Mr. Skinner. Before the sale began Mr. John D. Bellamy, Jr., counsel for certain part owners of the property, announced that he wished to give notice that onethird of the property offered for sale belonged to Messrs. A. D. Brown, W. S. smith and J. C. Stevenson# Mr. A. G. Ricaud, representing the Seacoast railroad, had an option on this property for this and the coming season and the sale would have to be made subject to the option. The property was then sold subject to a mortgage of $4,500 and interest due Junius Davis, Esq., receiver, and was purchased by D. O'Connor, Esq., for $3,600. Mr. O'Connor adted in this matter for for the stockholders of the New Hanover Transit Company, and the cottage owners at Carolina Beach. Whether this purchase will succeed in opening Caronna Beach for the coming season is a question of great uncertainty. If the option claimed by the Seacoast Railroad Company can be enforced Carolina Beach will be closed during this and next season.