17388. Peoples Bank (Florence, SC)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
December 31, 1931
Location
Florence, South Carolina (34.195, -79.763)

Metadata

Model
gpt-5-mini
Short Digest
df9ea63b998fef14

Response Measures

None

Description

Both articles (May 1932) report that the Peoples State Bank of Florence was closed on December 31 (prior to May 1932) and that cashier's checks on the bank could not be realized for license payments. The articles do not describe a depositor run, nor do they mention a reopening; they describe the bank as closed and causing litigation over unpaid cashier's checks. Cause of the suspension/closure is not specified in the articles (no explicit government receiver named), so I classify cause as 'other'. I corrected the provided bank name from 'Peoples Bank' to 'Peoples State Bank' as used in the articles.

Events (1)

1. December 31, 1931 Suspension
Cause Details
Article simply states the bank was closed on December 31; no specific cause (insolvency, receivership, or government action) is detailed.
Newspaper Excerpt
Closing of the Peoples State Bank last December 31 ... Several hundred South Carolina motorists who also had checks on the Peoples State bank suspended before they could be accepted in payment for 1932 licenses are watching the outcome of the appeal with interest.
Source
newspapers

Newspaper Articles (2)

Article from The Sunday Record, May 1, 1932

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Article Text

Highway Department Appeals Baker Case to Higher Court Checks on Closed Bank For License Plates Are Center of Fight The state highway department appealed to the South Carolina supreme court last week from restraining order which allows D. Gordon Baker of Florence to operate his two cars under 1931 licenses without interference. Closing of the Peoples State Bank last December 31 after Mr. Baker. prominent Florence attorney, had forwarded the state highway department two cashier's checks on the Peoples State Bank for 1932 licenses brought on the litigation. Mr. Baker obtained the restraining order from Judge R. W. Sharkey in the Florence county court last January 16. Judge Sharkey issued an order February over ruling a demurrer of the highway department and refusing its motion to dismiss the restraining order Several hundred South Carolina motorists who also had checks on the Peoples State bank suspended before they could be accepted in payment for 1932 licenses are watching the outcome of the appeal with interest. J. B. Westbrook, clerk of the supreme court, docketed the case following the filing of transcript of the record Friday. Mr. Westbrook said It probably will be heard at the June term of court. Authority Questioned. Authority of the courts to exercise jurisdiction in the when no statute allows an individual to sue the state highway department is one of five questions raised by the appeal. Counsel for the highway department contends that the department is in effect the state itself, and that special statute is necessary before suit can be brought against the state. The five questions laid before the court in the appeal are: "Whether or not the court had jurisdiction to entertain the action, there being no statute permitting suit of this kind. 'Whether or not the court had authority to issue an order of injunction restraining the defendant. its officers. agents and employes from arresting and proescuting the plaintiff in the operation of his automobile under 1931 licenses. "Whether or not the acceptance by the defendant of cashier's checks from the plaintiff. which were never realized upon in money. constituted payment of automobile license fees. "Whether or not the acceptance of cashier's checks for licenses by the defendant's officers and agents, which were never cashed. constituted payment as would be binding upon the defendant. "Whether or not the plaintiff had an adequate remedy at law as would preclude him from injunctory relief." Demurrer Overruled. The appeal taken primarily from Judge Sharkey's order of February 9. In this order. he overruled the demurrer based upon grounds that no authorizes the suit and that the highway department instead of cashing the checks returned them to Mr. Baker for his use and benefit. Mr. Baker alleged that he was entitled to receive 1932 license plates from the highway department because he purchased and sent checks in the correct amount for payment. The highway department's application blank directed that cashier's checks, certified checks money orders be forwarded instead of cash, he claims. Attorney General John M. Daniel represents the highway department with Cordie Page and Ivey Humphrey, assistant attorney generals, and L. M. Cantrel, highway department lawyer. G. Badger Baker and Sam J. Royal, Florence attorneys, represent Mr. Baker.


Article from Florence Morning News, May 2, 1932

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Article Text

APPEAL IN BAKER CASE Department CarHighway ries Auto Tag Ruling to Supreme Court Special To The Morning News: COLUMBIA, May straining order issued, Judge Sharkey of the Florence county civil court preventing the State Highway Department from molesting D. Gordon Baker of Florence or automobiles though the automobiles still the 1931 liccarry plates, will be by the South Carolina Court, became known here today. The South Carolina highway department has appealed to the highcourt from the injunction issued Judge Sharkey. Closing of the Peoples State bank December 31 after Mr. Baker, Florence attorney. had forwarded the state highway department two cashier's checks the Peoples State bank for 1932 licenses brought on the litigation. Mr. Baker obtained the restrainingorder from Judge R. W. Sharthe Florence county court last January 16. Judge Sharkey issued an order February ruling demurrer of the highway department and refusing its motion to dismiss the restraining orHundreds of South Carolina motorists who also had checks on the Peoples State bank suspended fore they could accepted in payment for 1932 licenses are watching the outcome of the appeal with interest. June Hearing Expected Westbrook, clerk of the preme court. docketed the case following the filing of transcript of the record. Mr. Westbrook said probably will be heard at the June term of court. Authority of the courts to exerjurisdiction in the when no statute allows an individual the state highway department of five questions raised by the appeal. Counsel for the highway department contends that the in effect the state itself, and that special satute necessary before suit can be trought against the state. The five questions laid before the court in the appeal are: "Whether not the court had authority to issue an order of Injunction restraining the defendant, its officers. agents and employes from and the plaintiff in the of his automobiles under 1931 licenses. What Is Payment? "Whether or not the acceptance by the defendant cashier's checks from the plaintiff, which were never realized upon in money. constituted payment of automobile cense fees. "Whether or not the acceptance of cashier's checks for licenses by the defendant's officers and agents,