11998. Commercial National Bank (Wilmington, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
12176
Charter Number
12176
Start Date
December 31, 1922
Location
Wilmington, North Carolina (34.226, -77.945)

Metadata

Model
gpt-5-mini
Short Digest
3a12350b

Response Measures

None

Receivership Details

Depositor recovery rate
25.7%
Date receivership started
1923-01-31
Date receivership terminated
1935-10-31
OCC cause of failure
Losses
Share of assets assessed as good
34.3%
Share of assets assessed as doubtful
45.4%
Share of assets assessed as worthless
20.3%

Description

The Commercial National Bank (Wilmington, NC) closed its doors December 31, 1922 and a federal receiver was appointed. Coverage centers on the bank's insolvency, prosecutions of its officers (Cooper brothers), receivers' suits and an assessment ordered on shareholders. There is no clear contemporaneous description of a depositor run triggering suspension; primary cause appears to be bank-specific insolvency/misconduct and subsequent federal receivership. I corrected/standardized dates when articles referenced closed December 31, 1922.

Events (9)

1. April 19, 1922 Chartered
Source
historical_nic
2. December 31, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Articles state the bank was insolvent as of mid-December 1922 and later prosecutions/indictments and allegations of misapplication/embezzlement of funds by officers (Cooper brothers) link to insolvency and closure.
Newspaper Excerpt
the Commercial National Bank of Wilmington having closed its doors December 31, 1922.
Source
newspapers
3. January 31, 1923 Receivership
Source
historical_nic
4. April 15, 1923 Receivership
Newspaper Excerpt
Controller of the Currency Crissinger has ordered the federal receiver for the Commercial National Bank at Wilmington, N. C., to levy an assessment of 100 per cent on the shareholders of that institution which recently closed its doors.
Source
newspapers
5. February 9, 1924 Other
Newspaper Excerpt
Testimony ... in the trial ... to prove its charge that the Cooper brothers conspired in alleged violations of the national banking laws and to embezzle and misapply funds of the Commercial National Bank of Wilmington ... investigations made ... after the closing of the bank, led to the arrest of the defendants.
Source
newspapers
6. July 30, 1926 Other
Newspaper Excerpt
The contention ... that the Commercial National Bank of Wilmington was not solvent when these deposits were made, its insolvency dating from December 15, 1922, and its closing being December 31, 1922.
Source
newspapers
7. August 28, 1927 Other
Newspaper Excerpt
Approximately $10,000 suit ... instituted in United States district court by Williams, receiver of the Commercial National Bank, alleging misapplication of funds.
Source
newspapers
8. January 11, 1928 Other
Newspaper Excerpt
Bank receiver loses appeal ... the court affirmed ... Williams entitled to the promissory note ... held the bank.
Source
newspapers
9. December 21, 1932 Other
Newspaper Excerpt
Earl W. Jones ... the missing bank receiver ... was identified ... receiver of the Commercial National bank here ... an audit of the bank's books is now being ... Jones had disappeared December 5.
Source
newspapers

Newspaper Articles (12)

Article from Evening Star, April 15, 1923

Click image to open full size in new tab

Article Text

$200,000 DEFICIT OF BANK TO BE PAID BY SHAREHOLDERS Controller of the Currency Crissinger has ordered the federal receiver for the Commercial National Bank at Wilmington, N. C., to levy an assessment of 100 per cent on the shareholders of that institution which recently closed its doors. The assessment means that the shareholders of the defunct bank must make good $200,000. the amount of the capital, in addition to the loss of the value of the shares they held.


Article from Atlanta Tri-Weekly Journal, April 24, 1923

Click image to open full size in new tab

Article Text

rison a member of the state board of health to succeed Charles E. Waddell. Raleigh.-William Bethune, state college student, waives preliminary hearing in city court on a charge of manslaughter growing out of an automobile collision, when Robert Chappell was killed, and is released on $1,000 bond. Lenoir.-Official confirmation lack ing of reports that the Southern Power company intends to develop a hydro-electric project near Rhod hiss. Engineers are said to be making surveys. Raleigh.-Sheriff Lewis is "out of luck" all because he sent A check for $52.25 to the wrong department at Raleigh in payment of Brunswick ccunty taxes, and a Southport bank failed before the check was cashed Greensboro.-Police officers find Frank Falconer, 65, on the side walk, where he had been placed by passers-by. after being run over by an automobile. His injuries are serious. Charlotte.-Officials of Oasis tem ple of the Shrine announce the spring ceremonial, May 24, at Gastonia. Statesville.-Edgar M. Hallyburton, first American soldier to be captured by the Germans in the World war, is fined $150 in federal court here on charges grow ing out of his arrest with a companion while they were in possession of forty gallons of whisky. Raleigh.-Dr. E. C. Brooks, superintendent of public instruction has available for one qualified 1923 high school graduate a four-year scholarship to the Colorado School of Mines. Greensboro. - Students, faculty, trustees and friends of Greensboro college participate in Founders' day exercises, hearing address of Rev. W. A. Lambeth. of Gastonia. Wilmington.-T Italian steamship Ansaldo VII sails for Genoa with a cargo of 15,000 bales of cotton valued at $2,500,000, consigned by Alexander Sprunt & Sons, Inc. Hickory-Dr. Rufus B. Perry, professor of philosophy at Lenoir college, will deliver the baccalaureate sermon May 27 at State college, at Raleigh. Wake Forest-H. Z. Holmes, member of the 1921 law class at Wake Forest college, leaves for England and Ireland to investigate certain claims of heirs in this country to New York property valuued at $300,000,000. Wilmington-Shipments of ber ries from the Chadbourn section this season will be about 400 carloads and about 1,200 carloads from points on the Weldon-Wilmington branch of the A. C. L. Ry., according to railway officials. Jackson Springs-Failure of the peach crop results in large increases in cotton and tobacco acreage in this section. Wilson-Police Chief Lewis, of Middlesex, is wounded by a negro whom the officer slightly wounds in attempt "to arrest the negro, discovered rifling a mail pouch. Jackson Springs-Mrs. J. G. Cole will recover but lose use of an arm as a result of blood poisoning. Raleigh-Reuben Gunter, negro preacher, vindicated in city court of bootlegging while members of his congregation applaud, starts from the court with his liquor but it is retained by officials pending a study of the law. Greensboro-Report of the recent sale of the Carolina and Yadkin railroad by L. M. Cole, commissioner, to O. A. Kirkman and associates for $125,000, is filed in superior court. Charlotte-William F. Buchanan, former leader in local politics, dies after an illness of a year. Wilmington-Fifty 100-pound bags of sugar reported stolen from Clyde Line terminals here are recovered by the police and seven white men are charged with aiding in larceny. Elon College.-Miss Alice Webber, of Morganton, is elected president of the college student body. Raleigh.-Legal action is held by state officials to be necessary if the state recovers $25,000 deposited by the state treasurer in the Commercial National bank, at Wilming ton, which recently was closed. Greensboro-A: L. Brooks, representing city council n the litigation over the Southern railway passenger station bond issue, leaves for Washington to confer with the railways' counsel relative to the effort of local attorneys to restrain the city from issuing the bonds in the amount of $1,300,000, authorized in 1922 for a loan to the railway. Wilmington-S. F. Highsmith is advised by the treasury department of the abolition of the office of chief deputy collector of customs here, and of his promotion to assistant collector for the district which includes the state. Raleigh-Secretary of State Everett is to send Chief Clerk Sawyer to Michigan to study that state's automobile license law operation preparatory to the enforcement, beginning October 1, of the similar, newly enacted law of this state


Article from Atlanta Tri-Weekly Journal, February 12, 1924

Click image to open full size in new tab

Article Text

U.S. WILL CALL LAST WITNESS IN COOPER TRIAL ON MONDAY WILMINGTON, N. C., Feb. 9.-(By the Associated Press.)-Testimony today in the trial of Lieutenant Governor W. B. Cooper and Thomas E. Cooper, in federal district court, ending the first week of the hearing, paved the way for the appearance Monday of the government's final witness, by which the prosecution will seek to prove its charge that the Cooper brothers conspired in alleged violations of the national banking laws and to embezzle and misapply funds of the Commercial National Bank of Wilmington, of which they were respectively chairman of the board of directors and president. H. R. Tull, agent of the federal department of justice, is the witness upon whom the prosecution is depending to link up the vast quan tity of evidence already introduced. Investigations made by Tull, after the closing of the bank, led to the arrest of the defendants and of Horace C. Cooper, cashier of the defunct bank, and son of the lieutenant governor, and Clyde W. Lassiter, who are also under indictment. For the first time since the trial started, the prosecution placed on the stand a depositor who testified to having "lost everything" in the failure of the bank. She was Mrs. Cuthbert Martin, widow of a former vice president of the bank, who said that all of her husband's estate and more than $5,000 of her personal funds were entrusted to the bank at the time of its failure. Mrs. Martin testified that Lieutenant Governor Cooper was administrator of her husband's estate, that she had become dissatisfied with his methods in handling it, and had sought to have herself named executrix. A legal action relating to this controversy was brought before Judge Connor in which he ruled that the federal court did not have jurisdiction. Most of Saturday was spent in introducing records of the Commercial National and a large stack of ledgers and other books was added to the great quantity of documentary evidence already introduced. Testimony yesterday was to the effect that a large block of the stock with a par value of $43,000 had been sold to the citizens of Wilmington a few months before the doors of the bank were opened. Several witnesses testified that the stock had been sold to them by Thomas E. Cooper, who told them, they testified, that he was doing them a favor to let them have it at a bargain of $100 per share as it was worth more than that and that their names were on a "list of prominent citizens" who would be allowed to become stockholders in the bank. These same witnesses testified that a few months later receivers for the then defunct bank called on them to pay par value assessments on their holdings.


Article from Atlanta Tri-Weekly Journal, September 18, 1924

Click image to open full size in new tab

Article Text

SOUTHLAND TOLD IN SNAPPY PARAG two CHESTER.-Paul Blanks is in seyears as county treasurer, by George A. manufacturing company is threatnamed chairman of speakers' bureau rious condition as result of car turnBurnett, alleges irregular voting in ened. for membership drive of Eastern ing over. Jawbone is fractured and one precinct and asks county comof bridge Carolina Chamber of Commerce, in C. BEAUFORT.-H. of Eave, mittee to make recount. Committee has other injuries. be will fihere course of which meetings will be Ocean Bluff, near here, produces will give matter consideration durto excompany held in forty-six counties. CHARLESTON.-J. Swinton Wha. largest potato on record, weighing ing week, it announces. announced. is ley, E. Mitchell Seabrook. Jr., H. ten pounds and being 25 and 27 WILMINGTON. Supplementary G. Senseney and W. A. McIlwane CHARLESTON Former Mayor M. 69, Lewellen, inches in circumference. brief of Wilmington in support of John P. Grace and Alderman J. L. are nominated for four places in Lumber company petition for establishment here of COLUMBIA. Richland county La Torre, engage in altercation on house, for which second primary at dead falls proposed Carolinas branch of RichDemocratic executive committee recvote was necessary. street and are arrested on charge mond (Va.) Federal Reserve bank, ommends to state committee creation of orderly conduct. They give discloses banks here shipped curof state election returns burau. COLUMBIA.-Thelma Rucker, sixCastleberry bond for appearance at court on rency to banks in Carolinas zone year-old daughter of Mr. and Mrs. meets here September 23. amounting to $12,900,000 in 1923. H. M. Rucker, of Swansea, is run marketperative NORTH CAROLINA ROCK HILL.-Catawba Knitting over by automobile driven by AnFAYETTEVILLE.-A. W. McROCKINGHAM.-Coming back to Co., manufacturers of hose, employ drew Rembert, and dies of injuries. Lean, Democratic nominee for govof C. O. night shift to take care of increased Mathis, native county, scene of his hot polit. She was crossing street, and, seeing ernor, is defied by Isaac M. Meekins, business. accident here. ical battles 30 years ago, Governor doll in store window. darted toward Republican nominee, to disclose his for interMorrison launches what he plans to Miss., it, falling just in front of Rembert's GREENVILLE. United States policy in effort to undo dismembermake his greatest fight, campaign moving car. Senator N. B. Dial speaks at Kiwament of Cape Fear and Yadkin Valto obtain state indorsement at polls dale and nis meeting here but does not disley railroad if elected governor. Morof port commission act. After exPELZER.-Marvin Ware, ten, dies rison administration is now seeking cuss political situation following his distinguished in Greenville hospital of injuries re. plaining why he regards developrecent defeat for re-nomination. of Lienmeans to restore this road, alleging Wu Dr. ment of water transportation essenceived when struck by motor truck, Atlantic Coast Line and Southern extraordinary SPARTANBURG. - Directors of tial to state's welfore, he says motor twelve-year-old Raymond Holliday railway illegally dismembered it aftof and director Carolina, Clinchfield and Ohio railbus competition with railways is liadriving truck. Arthur Ware, twelve, er sale by state to Coast Line. prevention servroad at meeting in New York, apand Joseph McElrath, twelve, were ble to be destroyed leaving state of Milan, WILLARD.-About 5,000 persons, prove lease of road to Louisville and helpess in grip of railways. also injured by same vehicle. Boys farmers and members of their famil. RALEIGH.-Senator Pat Harrilies, attend annual picnic and field son, of Mississippi, accepts invitaday at Coastal Plain branch experition to deliver address here Septemment station. A. W. McLean, Demober interest of Democratic state cratic nominee for governor, is on and national campaigns, John G. program as principal speaker. Other Dawson, chairman of state Demospeakers discuss agricultural subcraic executive committee *anjects. nounces. WENDELL.-Sales on local tobac. RALEIGH.-Compilation of reCO market continue heavy, farmers ports indicates curtailment by North of eight counties having brought Carolina cotton mills is now about their offerings here. Prices are sattwo-thirds what it was few months isfactory. Opening day's sales toago, and load of power companies' aptain taled about 200,000 pounds, averagMorgan lines has increased about nine per ing about 23 cents per pound. cent for 300 mills operating about DURHAM.-Mrs. M. J. Harper, 82, William Kidd 5,500,000 spindles, says statement by dies at home of daughter, Mrs. O. information bureau of North Caro E. Gray. lina Co-operative Cotton Growers' association. Blackbeard GASTONIA.-Gaston County MediTeach cal society, in regular meeting, reHENDERSON.-Emplo of Harfuses to indorse chamber of comriet mill, No. 1, at South Henderson, merce's invitation for North Carowalk out in protest against 12 1-2 lina Tuberculosis association to hold most famous pirate story of all times per cent cut in wages effective at September 30 annual meeting here, two mills of chain in North Hender"because Dr. L. B. McBrayer is head son and three mills in South Henof said organization." Dr. McBrayer, derson. These mills recently reuntil few months ago superintendsumed full-time operation. Sakr-el-Bahr ent of state tuberculosis sanitarium, The Sea Hawk WILMINGTON-Thomas E. pleaded guilty to trading with himSEA self in violation of state law, and re. Cooper, president of defunct Liberty signed position with sanitarium after Savings Bank of Wilmington, which By RAFAEL SABATINI failed when Commercial National being investigated by legislative committee. Bank of Wilmington was closed more than year ago, and Joseph C. CHARLOTTE. Tom Crockett, Rourk, cashier, plead guilty to misnegro, is slain while seated at home, demeanor charge in connection with More adventurous than "Treasure Island." top of head being blown off by disviolation of state banking laws and charge of shotgun. Pete McCullough More alluring than "Westward Ho." to forcible trespass. Action is suris held after coroner's jury declares prise to court. Lieutenant-Governor More entrancing than the "Arabian Nights." him guilty of killing. Police say Mc. W. B. Cooper, under various chargCullough admits commiting crime. More romantic than "Lorna Doone." es. was chairman of directorate of CHARLOTTE.-Unidentified negro Commercial National bank here. It has the glamour of "The Three Musketcers." woman is run down and killed by MARSHVILLE.-Fred Tarlton, 13, automobile driven by Todd Grier, falls from wagon loaded with sand automobile salesman, who is held and head is crushed under wheels. pending inquiry. WILL BE PUBLISHED SERIALLY He was son of Elijah Tarlton. CHARLOTTE.-Miss Alie Quarles, GREENSBORO.-J. J. McKenzie, en route to school in automobile of Richmond, Va., representative of driven by James Gossett, both chilTri-State Tobacco Growers' associadren of wealthy families, suffers tion, delivers series of addresses to severe injuries when big car overturns. gatherings of farmers in several sections of Guilford county. TRI-WEEKLY JOURNAL RALEIGH.-Mexican bean beetle GREENSBORO.-J. W. King, which for many years has been manager of local receiving station, steadily spreading over this state, has entered four more counties— announces that tobacco receiving Commencing September 23 stations in old belt of North CaroWilkes, Caldwell, Alexander and IreTo be sure of every installment, send in your order now. lina and Virginia will be opened Oc: dell-says state department of agritober 1. culture report. RALEIGH.-Cape Fear and YadWINSTON-SALEM. Forsyth repreAraugo, Nashville and Atlantic Coast Line, were coasting in toy wagon and county commissioners authorize inkin Valley railroad legislative in. Brazil. of They according to information received were struck at street intersection. vestigating committee meets. or. sue of $300,000 in notes to obtain here. of governganizes and holds long session at. funds with which to complete school CHARLESTON.-Maybank Cotton in these two tended by Governor Morrison, after SPARTANBURG.- Lieutenant A. building program. company, of Charleston, is chartered which announcement is made that no B. Alexander, Spartanburg man, by secretary of state, with $50,000 RALEIGH.-Little damage has Chief Justice definite plan of procedure has been commander of U. S. Submarine R-26, capital, John Maybank being presibeen caused in North Carolina this of sumade in effort to obtain legal restoradent. Alabama is awarded engineering trophy by summer by boll weevil, says departtion of line as trans-state carrier, disto on comment Secretary of Navy Wilbur, according ment of agriculture statement. ApCOLUMBIA.-G. W. Clapp, traffic membered years ago after sale by case at Chicago, to complete information received proximately 500 tons of calcium arstate to Atlantic Coast Line. manager of Greenville Chamber of to say he feels here by his father. A. M. Alexander. sente were used in dusting cotton Commerce, and others petition state Judge Caverly. ALBEMARLE.-Peoples Bank and crop of state, an amount much berailroad commission for reduced CHESTER.-Mrs. W. T. Wilkes Trust company, of Richfield, and tract 30-acre low forecast. Dry weather materidies at hospital here after three rates on soap, claiming rates higher branches at New London, fails to Road Highally curtailed weevils' ravages. than in adjoining states. weeks illness, at age of 72. open for business after examination for resiveloped WILMINGTON.-Mayor J. H. by state bank examiners. Receivers SPARTANBURG.-Ernest Brown. COLUMBIA.-City council opposes Eerry. Cowan, for three years city's chief will be named at once. Losses inraising of auto speed limit from 15 26. is bound over to higher court on Ben Butler, executive, dies of pneumonia after curred in failure of Peoples National to 25 miles an hour. charge of assault and battery with climbs 105-foot short illness few days after returnBank of Sailsbury year ago caused intent to rob, on person of Hawkins grounds to ing from Philadelphia, where he unCOLUMBIA.-Columbia, Charlesthis closing as precaution, says an. Lyde, aged resident of Glendale comAmerican derwent treatment for another disflag. ton, Greenville, Spartanburg and nouncement which explains deposimunity. Mr. Lyde identified Brown ease. He formerly was editor of many other points in state join in tors are fully protected. June report Rus. Wynn, as assailant. Wilmington Dispatch and for one observance of National Defense Test showed resources amounted to $102,who escaped 000. INMAN-Old time "fiddlers' conyear president of State Press associday, with parades in many places, January 30. ation. vention" is held here, with ProfesAmerican Legion and other organWILMINGTON.-Trial of C. W. returned and izations co-operating in making pasor John W. West, of public schools. ASHEVILLE.-J. W. H. Futch, Stewart. charged with slaying of triotic programs. in charge. proprietor of department store at United States Marshal Lilly and City hours several Wilmington, is brought to Asheville Detective George near Phoenix, July case of Solon SPARTANBURG.-A. Lyles HarDILLON.-Verdict of guilty of 28, is set for September 29 in New hospital, where one foot is ampumurder, with recommendation to ris makes survey to determine if deputy sheriff, tated after he had accidentally shot Hanover county superior court. with HorJ. mercy, which carries life imprisoncarload of poultry can be shipped to Henry Judge Grady. of Clinton, presiding. himself while hunting near Hendernorthern markets. ment, is returned in case against verdict. sonville. Tracey Powers, young white farmustrial conditions CHARLESTON. CongessmanMOREHEAD CITY.-J. H. Stone, er, charged with murder of Earl Montand nominee Thos. S. McMillan goes to Harrell, whose body was burned in of Wilmington, is named assistant conwith orably mountains for rest following recent fisheries commissioner, succeeeding swamp.


Article from The News and Observer, July 30, 1926

Click image to open full size in new tab

Article Text

IMPORTANT CASES TO BE HEARD NEXT WEEK Depositors of Bank of Southport Hope Dividends Will Be Forthcoming Southport, July 29.-Two most Kittrell, North Carolina, died at her home in Richmond, on Monday important cases to the depositors morning, July 26th. of the Bank of Southport that Mrs. Hunt, who before her marclosed its doors February 1, 1923, riage was Miss Rosa V. Raney, was will come up for hearing at the a daughter of the late Thomas H. sessions of Federal Court next week Raney and Mrs. Eliza P. Baird Raney at Wilmington. The first is the of Granville county, and sister of demand by the receiver of the Bank the late R. B. Baney of Raleigh and of Southport, the People's United C. W. Raney of Henderson. Bank, of this city, for deposits Mrs. Hunt is survived by her hus. amounting to $124,811 that were in band; four children, John Leigh the Commercial National made by Hunt, Cora Raney Hunt, Mrs. George the Southport bank between De C. Fitzhugh, and Ira Thomas Hunt, cember 15 and December 31, 1922. Jr.; foster son, Herbert Wood; The contention will be made that and one grandchild, Katherine Bevthe trials of W. B. Cooper and erly Hunt, all ofwhom reside in Thomas E. Cooper have shown that Richmond. She leaves also one the Commercial National Bank of brother, T. H. Raney, of Chapel iHII, Wilmington was not solvent when and number of nieces and nephews. these deposits were made, its in Funeral services were held in solvency dating from December 15, Saint Paul's Church of Richmond 1922, and its closing being DeTuesday afternoon, after which she cember 31, 1922. was laid to rest in Hollywood The second case is on the conCemetery. tention that $16,000, the 10 per cent divide dthat of the Commercial Na. tional Bank should be charged against the Cooper bank here, to apply on the bond of the Wilmington bank for & credit. The Southport receiver contends that the Commercial National Bank hav. ing closed its doors December 31, 1922, while the Southport bank did not close until February 1923, this bond was null and void, hence the depositors of the bank here are entitled to receive this dividend to be added to additional amounts that will enable the bank receivers here to pay dividend at once, none having been paid, but held up and delayed by the contentions that are to be deter-


Article from News and Record, July 30, 1926

Click image to open full size in new tab

Article Text

BANK ISSUES TO BE AIRED IN WILMINGTON Bank of Southport Wants Something Said to Be Coming to It From Commercial National. (Special Daily News) July portant to the depositors the of that closed doors, February come for hearing sessions federal The contention by the of the Bank of port, the Peoples United of this for deposits amounting $124,811 that in the National made by the bank December 15 and December 1922. The second case is the contenof the dend that receiver of the National bank has paid, the bank's being held the that claim this amount should be charged against the Cooper bank here, to apply on the bond of the Wilmington bank for credit. The Southport re. celver contends that the Commercial National bank having closed its doors, December 31. 1922, the port bank did not close until Feb. ruary this bond and hence the for the bank here are entitled to dividend to be added to additional amounts will enable the bank receiver here pay dividend having been but held up and delayed by the contentions that are to be determined United August this year The settlement of this latter sult in favor of Southport bank would percent divident to be short time to depositors. have been rather waiting for over three years for dividend of some kind.


Article from The News and Observer, August 14, 1926

Click image to open full size in new tab

Article Text

DEFUNCT Over Twelve Hundred positors Will Get Fourth of Deposits Southport, Aug. settlement the suits the receiver of Commercial Na tional Wilmington Federal Court, the People's United Bank, receiver Bank Southport, been busy making checks for 1,269 depositors defunct These mailed some time this month, work getting accounts checks agreement being considerable of The dend be per cent, about $96,000 being involved this first dividend. This dividend has been up for some owing that have just settled. ocean front has been the jective tourists summer. been mountains, returning here, claim the contrast travel met, most autos seeming headed towards Southport has crowdto be with crowds bathing, streets bathing bathers walking or riding the Parties the easily accessible, day night going and There summer than many Local their over What most factory the good of price. fleet increasing number of boats quality improving. As canning being the shrimp being shipped barrels outside The filled with various edible fish fishing from docks greatly enjoyed visitors, piscatorial "experts" being pleased haul any character of fish that will take hook. news the death of Gen Glenn was received with sorrow, General having been closely identified with this city during the past few years.


Article from The Salisbury Post, August 28, 1927

Click image to open full size in new tab

Article Text

Sued for $10,000 By Receiver Funds Defunct Warehouse Misapplied Wilmington, Aug. approximately $10,000 has been instituted in United States district course Williams, receiver the Commercial National Bank, against John Dawson, of Kinston, receiver for the Farmers Warehouse Company, of alleging and misapplication funds in the complaint that has been filed. The action brought against the former chairman of the state Democratic executive committee and his bondsmen, May Hardy, and the United States Fidelity and Guaranty Company. The original face value of the note which the suit based $15,000 although payments that have been made in curtailing the paper reduced to However, the plaintiff is asking for interest this amount riod of six years which would the total to approximately $10,000. The complaint lengthy affair John Dawson, going into great detail. Lenoir that Mr. Dawson, who stands high the party councils shown in his to report be in the state, has failed as receiver and to pay plaintiff's claim the warehouse company to quired and failed to form his duties in that he has other provisions of the order accounted for the monies that have ferred come into his hands receiver for Going further the complaint althe company which by due dilileges that the plaintiff has gence should have come into his reasonable means and hands and that he has not dis- sorted every reasonable bursed same for the benefit compel receiver to account creditors; that he has failed the funds which have come into refused obey the orders and dehands receiver and to of the court in this cause in same provided by law and by that he has failed to disburse funds orders of court. hand perform reused method for his disburse the


Article from News and Record, January 11, 1928

Click image to open full size in new tab

Article Text

BANK RECEIVER LOSES APPEAL IN RICHMOND C. Williams. Wilmington, Fails In Action Commercial National Bank News) marine the National Bank appeal from the Wilmington case brought against Green recovery promisory note of held the bank. The court affirmed held that Williams entitled note originally for but had been lates. The payment Green alleged that at through false and fraudulent repreand and vice president the axe had been was value the stock held. bank from Cooper, president. brother The rep. resented solvent when lated, but hopelessly insolvent Roberts stock utterly worthless. Green the bank took the from Cooper with knowledge of the fraud. On his


Article from The Herald-Sun, December 21, 1932

Click image to open full size in new tab

Article Text

SEARCH FOR BANK RECEIVER ENDS IN WILMINGTON HOTEL SEARCH FOR RIOT LEADERS DROPPED Quiet Reigns In Region Of Alabama Crop War That Resulted In One Death county night after 24 hours of the of one that caused of four gro, and arrest six alleged sheriff, leaders the union. of Sheriff Kyle Young this aftercalled posse numbering noon 100 officers and approximately zens who had surrounded swamp three miles from Reeltown where three of the alleged leaders were believed to have sought sanctuary. On his return here Sheriff Young sald the search had called off because swamp made capture of the trio unlikely. Hiding In Swamp Members of the sald the Nehiding in the groes believed in near the home of swamp, which was Jeans, where the two had their Judson and another Negro unidetified. While Sheriff Young declined to discuss his next move permen, officials said the six or eight the posse sought apparently had gone into hiding and would be taken into custody on their return. Have Leaders' Names Officers the names of all the leaders of the lo- (Continued on Page 7. Column Earl W. Jones, Of Statesville, Is Found In Stupefied Condition At Cape Fear Hostelry Dec. search for Jones ended here today when the missing bank receiver was in locked said he was suffering mental disorder, possibly receiver of the Jones, was Commercial National bank here eral years ago, was identified by number of friends and his law, Annie but no indication of recognized them. When found lying across in the Cape Fear hotel Statesville appeared to be condition. Officers and newspapermen carried him to an ambulance where he was taken to hospital Mental Derangement Dr C. B. Koonce, physician attending Jones, said his "stupor purely mental condition." Physically, Dr. Koonce said his condition is normal "There's too much noise, Jones mumbled when found. Physicians said he continued to repeat "there's too much noise" the hospital Sheriff C. David wired the chief bank examiner at Washington advising him Jones' discovery and asking Miss Herring wired Jones' wife at Statesville and it was understood she would arrive here Jones disappeared from Statesville December 5, three hours before he was to have his as of the National bank to W. H. Spradlin An audit the bank's books is now being Recalls Robins Case The the Robins this state last month Robins nationally prohibition was found in the little Whittier after he had been for months and the object of tional His physician said he was suffering from Jones had been registered (Continued on Page 7. Column


Article from The Asheville Times, December 22, 1932

Click image to open full size in new tab

Article Text

May Prefer Charges In Jones Case District Attorney Frank C. Patton of said here today he had ordered the Earl former Statesville bank audit of his books and pending probably will be charged with violation his under arrest in Jones, where found mington. ago after having receiver of the December mercial National Bank of few hours before He disappeared he was to the bank's affairs Spredlin. sent Washington to relieve Sheriff C. David Jones. of New in Hanover county hospital. under technical arrest yesorders of Patton but no terday on charges were at that time.


Article from The Charlotte News, December 26, 1932

Click image to open full size in new tab

Article Text

Jones Described As Seriously Ill Jones, former bank receiver, was in hospital today physicians described him as seriousJones became ill, relatives said, route home Saturday night. had been released under $5,000 bond from the New Hanover county Wilmington for appearance federal court here April for trial on charges of misapplying and embezzling funds He was specifically charged with taking $1,600 small sums from the Commercial National bank while its receiver here in 1931 and 1932.