12002. Liberty Savings Bank (Wilmington, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 15, 1924
Location
Wilmington, North Carolina (34.226, -77.945)

Metadata

Model
gpt-5-mini
Short Digest
1a1da3c3

Response Measures

None

Description

Articles describe Liberty Savings Bank of Wilmington as defunct/closed (closed more than a year earlier) and under investigation for fraud and mismanagement; a receiver (J. W. Little) is active and directed to bring civil actions. No article describes a depositor run or reopening. I infer a state-chartered savings bank from the name 'Savings Bank.'

Events (2)

1. November 15, 1924 Receivership
Newspaper Excerpt
Civil actions against Thomas E. Cooper, former president and other former officers of defunct Liberty Savings Bank of Wilmington, 'on grounds of fraud and mismanagement,' to be brought by J. W. Little, receiver, are directed by Judge Grady in order recorded at superior court.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after failure; later investigations cite alleged fraud and mismanagement by officers (Cooper and others).
Newspaper Excerpt
defunct Liberty Savings Bank of Wilmington, which being investigated by legislative committee... bank was closed more than year ago
Source
newspapers

Newspaper Articles (2)

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

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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 Atlanta Tri-Weekly Journal, November 15, 1924

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Article Text

NORTH CAROLINA AHOSKIE. Dr. C. G. Powell, of Ahoskie, is named moderator of West Chowan Baptist association at 42nd annual meeting. AHOSKIE. Issue of $65,000 in bonds for street improvements is authorized. Contracts will be awarded December 4. Work is expected to be started February 1. CHARLOTTE.-Mecklenburg county superior court jury awards $6,000 damages to Mrs. Nannie Sherill Holton, who sued stepsons, William and Gilmer Holton, for $50,000 damages for injuries sustained in family fight in courtroom 18 months ago over settlement of husband's estate. PITTSBORO. Elizabeth Hornaday, 16. and Charlotte Wright, 12, are injured when Pittsboro school truck is wrecked after driver loses control. WRIGHTSVILLE BEACH. George E. Kidder, prominent business man, is named mayor, filling vacancy created by recent resigna tion of Thomas E. Wright, mayor for 14 years. WILMINGTON Thomas Jeffer son Capps, 85. one of Confederate soldiers who helped carry wounded Stonewall Jacksonville from field at Chancellorsville, dies after several years of declining health. Capps was prominent Onslow county farmer and operated mercantile establish ment at Sneed's Ferry. LUMBERTON. Mrs. Gilbert McKinnon, of Maxton, is elected presi dent of Twelfth district, state federation of woman's clubs at annual meeting. She succeeds Mrs. E. H. Williamson, of Fayetteville. Meet ing is advised that federation will ask enactment by January session of legislature of law requiring publication of marriage intentions two weeks before ceremony, with view of curbing divorce evil. MAXTON. Captain J. C. Everett, prominent citizen, dies at Wilmington, where he had gone for med ical treatment, death occurring at home of daughter. Mrs. Huggins. WILMINGTON. Civil actions against Thomas E. Cooper, former president and other former officers of defunct Liberty Savings Bank of Wilmington, "on grounds of fraud and mismanagement," to be brought by J. W. Little, receiver, are directed by Judge Grady in order recorded at superior court. KANNAPOLIS. Several store rooms are damaged by fire, starting in pressing club, loss being about $10,000. One fireman is painfully injured. KINGS MOUNTAIN. Captain Freno Dilling, 85, pioneer cotton mill man, Confederate veteran, former state legislator, dies after short illness. NASHVILLE.-Cheatham Evans negro, is sentenced to be electrocuted at Raleigh state prison, December 23, after conviction in superior court of murdering Arthur Joyner, white taxi-driver, July 26. WAYNESVILLE.-Robert D. Gilmer, 65, prominent lawyer, former state attorney general, dies of pneumonia after short illness. CHARLOTTE.-Frances McLean, 10, daughter of Mr. and Mrs. O. P. McLean, is shot in head by unidentified young man and is gravely wounded during revelry on street Father offers reward for arrest of assailant. RALEIGH.-Gilbert T. Stephenson, vice president, announces plans of Wachovia Bank & Trust Co., trustee, to build $400,000 eight-story professional men's office building on site of home of late Governor Holden. WINSTON-SALEM.-Mrs. Surah Louise Motsinger, 68, widow of Ja. cob Motsinger, died at Morganton where she had been under medical treatment. ROCKY MOUNT.-Mistrial is ordered by Judge Lyon in case of D. A. Rideout, charged with fatal shooting of neighbor, Alex Hedgepeth, Nash county farmer. REIDSVILLE.-J. Samuel Pirtle, 60, died after short illness following stroke of paralysis. RALEIGH.-Escae from obliga tions of contract with Co-operative Tobacco Growers' association is not legally possible by means of mortgage or claim and delivery papers, Judge Long holds in special Person county court at Roxboro, which is last of 17 cases started by tobacco association heard at that term, all of which were won by plaintiff association, says headquarters announcement. SALISBURY.-J. Rufus Fisher, 88, dies at home of daughter, Mrs. Robert E. Patterson. of Crescent. WILSON.-Total sales of tobacco on Wilson market to October 30 amounted to 32,194,666 pounds, for which $7,967,316 was paid, according to official figures. Average price for 2,909,544 pounds sold in weke ending October 30 is given as $33,41 per hundredweight. CHARLOTTE Dr. J. B. Craven, presiding elder of the Charlotte disrict, Western North Carolina Meth odist Episcopal church conference, in address, expresses opposition to proposed unification of northern and southern branches of church, rea sons given including race problem in volved. Conuino