18944. Commercial National Bank (Roanoke, VA)

View Charter #4026 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
4026
Charter Number
4026
Start Date
December 28, 1896
Location
Roanoke, Virginia (37.271, -79.941)

Metadata

Model
gpt-5-mini
Short Digest
cc5ae329cc13d96c

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Full suspension, Books examined

Description

Depositors made a heavy run (reported Dec. 29, 1896; run occurred the previous day) after news of the cashier's resignation became public. The board ordered the bank to close and suspend payment on Dec 29, 1896. Although press later reports (Jan 7, 1897) indicate arrangements to liquidate funds and pay depositors in full without the intervention of a receiver, a receiver (Maj. Sam'l Griffin) was nevertheless named by the Comptroller on Jan 4, 1897. Sequence: run → suspension/closing → liquidation/receivership; bank did not resume normal operations.

Events (6)
1. May 4, 1889 Chartered
Source
historical_nic
2. December 28, 1896 Run
Cause
Rumor Or Misinformation
Cause Details
A heavy run followed public knowledge that Cashier J. C. Davenport had resigned and left the city; the delayed disclosure of his resignation caused depositor alarm.
Measures
Board of directors closed the bank; Comptroller directed Bank Examiner Sands to take charge.
Newspaper Excerpt
The cause of the trouble was a heavy run on the bank yesterday.
Source
newspapers
3. December 29, 1896 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank was compelled to suspend payment after the prior day's run triggered by the cashier's resignation and local speculation/boom panic.
Newspaper Excerpt
The Commercial National Bank of this city closed its doors this morning by order of the board of directors.
Source
newspapers
4. January 4, 1897 Receivership
Newspaper Excerpt
Major Samuel Griffin has been appointed by Comptroller Eckels receiver of the Commercial National Bank of this city, which closed its doors a week ago.
Source
newspapers
5. January 7, 1897 Other
Newspaper Excerpt
The Commercial National Bank, of Roanoke, Va., which suspended some time ago, has raised sufficient funds with which to go into liquidation without the intervention of a receiver.
Source
newspapers
6. February 16, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (24)
1. December 29, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, December 29, 1896

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BANKS WITH BROKEN BACKS The Banks Beat Bryan and Gave Victory to Advance Agent of Prosperity. ENJOYING FRUITS OF THEIR *TRIUMPH Serious Bank Disasters in Illinois, Minnesota and Virginia To-day-Of Course Depositors Are Promised Full Payment. Batavia, Ill., Dec. 29.-The liquidation of the Atlas bank at Chicago has precipitated the suspension of the Van Northwick bank at Batavia. An assignment made by W. S. to the Northwick has been Equitable and liabilities Trust J.S. com- Van pany of Chicago. The are said to aggregate $2,000,000. The Van Northvicks interests are largely in paper mills and manufacturing industries valned at $2,500,000. AND STILL ANOTHER. Minneapolis, Minn. - The Columbia an institution of comrecent National paratively bank, establishment its doors having this capital closed and is in the to its examiner. morning $200,000 According hands of last the state- bank ment on December 17, it had loans and discounts amounting to $348,145; bonds to secure circulation $50,000; real estate and mortgages $48,728; due from other banks $42,897; cash reserve $34,872; other cash items $11,852; national bank notes outstanding $45,000; due to other banks $136,679; deposits subject to certificates check $101,507; cashier's of deposit checks $632,934; certified and $3,313; bills payable $15,000. Cashier Joseph Goebletter said: "We could have stood the pressure a little longer, but to protect the majority we closed this morning. We have $33,000 in cash and inside of sixty days we expect to have fully $100,000 more collected. Our total liabilities are only $247,000. There is no doubt that we will be able to pay depositors in full and effect a fair settlement with the stockholders." The officers are: Charles Kettleson, president; H. Thorson, vice-president; Joseph Goebletter. cashier. The bank is the immediate charge of Geo. . Coffin, deputy comptroller of the currency. "I believe," said Mr. Coffin, "that the suspension will not cause any further trouble. The national banks of this city are strong financially." ANOTHER FAILURE AT MINNEAPOLIS. The Washington bank, a state institution, closed its doors this noon. This bank had a capital of $100,000, and by the last statement, at the close of business on December 17, it had $407,104 1 loans and discounts; $14,228 in overdrafts secured; $20,165 in stocks and bonds; $14,475 in real estate, and $88,272 in cash on hand. The deposits are $363,133; certificates of deposit,$112,587;bank deposits, $84,937. A. C. Haugan, city treasurer, was one of the founders of the bank and is one of the directors. O. E. Breecke is cashier. BANK DISASTER IN ILLINOIS. Batavia, Ill.-William and John Van Nortwick's bank did not open this morning. There was no run on the other banks in Batavia and no failures are reThe Van Nortwicks held 464 the Atlas National of the bank here is closing shares ported. in bank due and to the the assignment of the brothers to the Equitable Trust company of Chicago. Cashier Grimes, who was in charge of the Van Nortwick bank, said to-day that he had no intimation that the bank would liquidate until 12 o'clock yesterday noon, when C. C. Wilson, representing the Equitable Trust company, walked into the bank and said that he had been sent down by the company to take charge. "The assignment made by Van Nortwicks," said Grimes, "includes everything they have and it is my belief that the creditors of the bank will e paid in full." IN THE IRON DISTRICT. Washington.-Comptroller of the Currency Eckels received notice to-day that the Commercial National Bank, of Roanoke, Va., had suspended payment. Bank Examiner Sands was sent to take charge. Eckels does not regard the failure as serious. The last report to him, November 17, showed the assets to be $263,504; deposits, $75,000; other libilities, $85,000 The failure is attributed by Eckels in part to speculation.

2. December 29, 1896 Evening Star Washington, DC
Article from Evening Star, December 29, 1896

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"BOOM SPECULATION." It Caused the Commercial National Bank of Roanoke to Close. ROANOKE, Va., December 29.-The Commercial National Bank of this city closed Its doors this morning by order of the bcard of directors. The cause of the trouble was a heavy run on the bank yesterday by the depositors. On December 9. J. C. Davenport, cashier, resigned and his successor was elected. The matter was kept quiet until Sunday night, when Davenport left the city for his home in Charleston, W.Va., and it is stated that as soon as this became known a general run was made on the bank. and it was compelled to go to the wall. The officials say that depositors will be paid in full. Attributed to "Boom Speculation." Controller Eckels has been notified that the Commercial National Bank of Roanoke, Va., closed its doors this morning. He has directed Bank Examiner Sands to take immediate charge of the bank. At the Treasury Department the failure is attributed to "bcom speculation." According to the last report the bank has a capital of $100,000; surplus of $25,000; undivided profits, $6,000; individual deposits, $75,870; other obligations, $30,000. Its loans and discounts amounted to $180,000 and its other assets to about $263,000.

3. December 29, 1896 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, December 29, 1896

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BANK WRECKS AND WRECKERS. Denver, Colo., Dec. 29.-The trial of Frank K Atkins, president of the defunct Colorado Savings bank, has begun in the District court. There are three indictments against him and a number against his brother, the cashier of the bank. They are accusdoors this morning. Minneapolis, Minn., Dec. 29.-The Columbia National bank, a local institution, $200,000 capital, closed its dooors this morning. Washington, D. C., Dec. 29.-Comptroller Eckles has telegraphic notice today that the Commercial National bank, Roanoke, Va., has closed its doors and suspended payment.

4. December 30, 1896 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, December 30, 1896

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Cause of Roanoko Failure. Roanoke, Va., Decembur 29.-The failure of the Commercial National bank which closed its doore this morning, was caused by a run on the bank yesterday. Cashier Davenport resigned on the 20th and turned over the bank's books in good shape to his successor. This fact did not become known until yesterday and is said to be the opuse of the run. It is believed that all liabilities will be paid in full. No other banks are affected.

5. December 30, 1896 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, December 30, 1896

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N BANK FAILS. The Commercial Closes Its Doors-All Liabilities will Be Paid. Roanoke, Va., Dec. 29.-The Commerelal National Bank closed its doors this morning. The failure was caused by a run on the bank yesterday. Cashier Davenport resigned on the 20th instant and turned over the books in good shape to his successor, and returned to his old home in Charlestown, W. Va. This fact did not become known until yesterday, and is said to be the cause of the run. The deposits were slightly over $50,000. and it is believed that all liabilities will be paid in full. Bank Examiner Sands Is en route here to take charge. No other banks are in the least affected. Washington, D. C., Dec. 29.-The failare of the Commercial National Bank of Roanoke. Va., was made known to the Comptroller of the Currency by telegraph this morning; and Comptroller Eckels immediately wired Bank Examiner Sands to take charge. The failure is attributed partly to speculation Incident to the Roanoke boom. Mr. Eckels says the failure is not important. On November 21st, the date of the last report on the condition of the bank, the assets were $263,704, in-

6. December 30, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, December 30, 1896

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Virginia Failure. ROANOKE, Va., Dec. 29.-The Commercial National bank, of this city, closed its doors this morning by order of the board of directors. The trouble was caused by a heavy run on the bank yesterday. The officials say that depositors will be paid in full.

7. December 30, 1896 The Scranton Tribune Scranton, PA
Article from The Scranton Tribune, December 30, 1896

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Virginia Bank Fails. Roanoke, Va., Dec: 29.-The failure of the Commercial National bank, which closed its doors this morning, was caused by a run on the bank yesterday. It is believed all liabilities will be paid in full. No other banks are in the least affected.

8. December 30, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 30, 1896

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SMALLER FAILURES. The Roanoke Commercial National Bank Closes. ROANOKE, VA., Dec. 29.-The Commercial National Bank of this city closed its doors to-day. WASHINGTON, D. C., Dec. .-The failure of the Commercial Bank of Roanoke, Va., was made known to the Comptroller by telegraph, and he immediately wired Bank Examiner Sands to take charge. The failure is attributed partly to speculation incident to the Roanoke boom. Eckels says the failure is not important. SIOUX CITY, Iowa, Dec. 29.-On application of W. T. Honsinger, vice-president and a large shareholder in the Farmers' Trust Company of this place, G. H. Hollister was to-day appointed receiver for the institution. The tightness of the money market made it impossible for the company to meet its debentures. Receiver Hollister estimates assets of $238,000 and liabilities of $135,000.

9. December 30, 1896 The Evening Herald Shenandoah, PA
Article from The Evening Herald, December 30, 1896

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THE BANK FAILURES. Comptroller of the Currency Eckels Feels No Apprehension. HAVE NO GENERAL SIGNIFICANCE. The Comptroller Declares That the Suspensions Are Wholly Due to Local Causes Not Connected with the Condition of Banks in the Country at Large. WASHINGTON. Dec. 30.-Comptroller of the Currency Eckels said today that he feels no apprehension over the bank failures which have occurred of late. Two more failures, the Commere 11 National bank, of Roanoke, Va., and the 3016 mbia National, of Minneapolis, were added to the list yesterday. They are comparatively small institutions, however, and under ordinary circumstances their failure, it is said, would attract only passing attention. Mr. Eckels when asked today by a representative of the Associated Press as to the general banking situation, said: "Of course bank failures are more or less disquieting, but those which have OCcurred recently have little or no general significance attached to them. They were due largely to local causes, wholly unconnected with the general condition of the banks through the country at large. The case of the Atlas bank, of Chicago, was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures yesterday are of minor importance, in each case the bank capital being only $200,000. As against these few failures, based on local causes, the general condition of banks is excellent. The reports received under the last call-that of Dec. 17-are uniformly favorable, and show an average reserve held of considerable above the 25 per cent. required by law. One of the last reports, that of the Brooklyn banks, shows the average reserve held to be 34.02 per cent., and most of the reports run 5 or 10 per cent. above the legal requirement. In each case, too, the assets in detail make an entirely different showing as compared with the liabilities. "On the whole it is evident that the national banks today are as stable as they ever were, and the sporadic failure of a bank here and there through defects peculiar to the failing bank is of small importance, wholly without general significance. I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."

10. December 30, 1896 The Morning News Savannah, GA
Article from The Morning News, December 30, 1896

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BANK FAILS AT ROANOKE. Cashier's Resignation Caused an Unwarranted Scare. Richmond, Va., Dec. 29.-A Roanoke special to the Dispatch says: "The Commercial National Bank of this city closed its doors this morning because of a run on that institution yesterday. This run, it is believed, was caused by the resignation of Cashier Davenport and his departure for West Virginia on Sunday. The resignation was tendered on the 13th, but did not go into effect until the 20th, and for some reason the matter was kept from the general public for a week or more. "Mr. Davenport had been in the employ of the bank for some years, and his books on settlement were correct in every particular. When it was known that he had resigned, the people became uneasy, and the run followed. The total liabilities of the bank amount to about $80,000, and the estimated assets exceed this by about $90,000. The amount due depositors, according to the statement of the bank's condition published last Saturday, was $61,587, but it is believed that at least $12,000 of this sum was withdrawn in the run of yesterday. The capital stock of the bank is $100,000, and as at least 75 per cent. of the stock is held by men of large means, they are believed to be able to meet all liabilities, and pay depositors in full. This is the feeling among business men here, and it is safe to say the suspension has caused but little excitement. Bank Examiner Sands is expected here from Washington.

11. December 30, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 30, 1896

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ECKELS ON THE SITUATION. He Feels No Apprehension on Account of Recent Failures. Washington, December 29.-Comptroller of the Currency Eckels said this afternoon that he feels no apprehension over the bank failures which have occurred of late. Two more failures, the Commercial National bank of Roanoke, Va., and the Columbia National bank of Minneapolis, were added to the list today. They were comparatively small institutions, however, and under ordinary circumstances their failure, it is said, would attract only passing attention. Mr. Eckels when asked today by a representative of the Associated Press as to the general banking situation said: "Of course bank failures are more of less disquieting, but those which have 00curred recently. have little or no general significance attached to them. They were due largely to local causes, wholly unconnected with the general condition of the banks through the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures today were of minor import$200,000. ance, in each case the assets being only "As against these failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call, that of December 17, are uniformly favorable and show an average reserve held of considerably above the 25 per cent required by law. "One of the last reports, that of the Brooklyn banks, show the average reserve held to be 34.02 per cent and most of the reports run 5 or 10 per cent above the 10gal requirements. "In each case the assets in detail make an entirely satisfactory showing as compared with the liabilities. On the whole it is evident that the National banks today are as stable as they ever were, and the sporadic failures of a bank here and there through defects poculiar to the failing bank is of little importance and wholly without general significance. I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."

12. December 30, 1896 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, December 30, 1896

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VIRGINIA BANK CLOSED. ROANOKE, Va., Dec. 29.-The Commercial National bank of this city closed its doors this morning by order of the board of directors. The trouble was a heavy run on the bank yesterday. On December 9 J. C. Davenport, cashier, resigned and his suecessor was elected. The matter was kept quiet until Sunday night, when Davenport left the city for his home in Charleston, W. Va., and it is stated that as soon as this became ki ownia general run was made on the bank and It was compelled to go to the wall. The officials said that depositors will be paid in full. The liabilities are about $65,000, while the valuable assets are estimated to be worth more than double that amount. H. S. Trout, president of the First National bank, and T. T. Fishburn, president of the Mercantile exchange, both express themselves as being of the opinion that the depositors will not lose a dollar. This opinion is concurred in by business men generally. The paid-in capItal stock of the bank is $100,000 and nearly three-fourths of the stock is held by men of large means, which will further insure the depositors against Ices. WASHINGTON, Dec. 29.-Comptroller of the Currency Eckels received notice today that the Commercial bank of Roanoke, Va., has closed Its doors and suspended payment. Bank Examiner Sands was sent to take charge of the institution. Mr. Eckels does not regard the failure as a serious one. The last report to him, made November 21, showed the assets of the bank to be $263,704. including its bonds for circulation. stocks, $100,000; surplus, $25,000; undivided profits, $6,000; owing depositors, $75,000; other liabilities. $35,000. The failure is attributed by Mr. Eckels in part to speculation and boom specialties in the local country. DENVER, Colo., Dec. 29.-The trial of the

13. December 30, 1896 The Providence News Providence, RI
Article from The Providence News, December 30, 1896

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NOT APPREHENSIVE. Comptroller of the Currency Says National Banks Are All Right. Washington, Dec. 30.-Comptroller of the Currency Eckels said yesterday afternoon that he feels no apprehension over the bank failures which have occurred of late, Two more failures-the Commercial National bank of Roanoke, Va., and the Columbia National of Minneapolis-were added to the list yesterday, They are comparatively small Institutions, however, and under ordinary circumstances their failures, it is said, would attract only passing attention. Mr. Eekels, when asked as to the general banking situation, said: "Of course bank failures are more or less disquieting, but those which have occurred recently have little or no general significance attached to them. They were due largely to local causes wholly disconnected with the general condition of the banks to the country at large. The case of the Atlas bank was not a failure at all, but was a mere voluntary liquidation, every depositor being paid in full. The two failures yesterday are of minor importance. As against these few failures, based on local causes, the general condition of the banks is excellent. The reports received under the last call-that of Dec. 17-are uniformly favorable and show an average reserve held of considerable above the 25 per cent required by the law. One of the last reports, that of the Brooklyn banks, shows the average reserve held to be 34.02 per cent, and most of the reports run 5 or 10 per cent above the legal requirements. In each case, too, the assets in detail make an entirely satisfactory showing as compared with the liabilities. On the whole it is evident that national banks are as stable as they ever were, and the sporadic failure of a bank here and there through defects peculiar to the failing banks is of small importance, wholly without significance. I am advised from Minneapolis that the failure there has occasioned no disturbance beyond the institution concerned."

14. December 31, 1896 Jamestown Weekly Alert Jamestown, ND
Article from Jamestown Weekly Alert, December 31, 1896

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One in Virginia. WASHINGTON, Dec. 29.-Comptroller Eckele was wired notice today that the Commercial National bank of Roanoke, Va., suspended payment. Bank Examiner Sands was sent to take charge. Eckels does not regard the failure as serious. The last report made Nov. 21 showed the assets of the bank $263,784, including bonds for circulation, stocks $100,000, surplus $25,000, undivided profits $4,000, owing to depositors $75,000, other liabilities $35,000. The failure 18 attributed in part to speculation.

15. January 2, 1897 Spirit of the Age Woodstock, VT
Article from Spirit of the Age, January 2, 1897

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Caused by a Run on the Bank. ROANOKE, Va., Jan. 1-The - failure of the Commercial National Bank, which closed its doors recently, was caused by a run on the bank. Cashier Davenport resigned Dec. 20, and turned over the bank's books in good shape to his successor.

16. January 3, 1897 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, January 3, 1897

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Atlanta, Jan. 2. —The Journal this afternoon prints the following signed statement from Comptroller of the Currency Eckels: "Washington, Jan. 2. "To the Atlanta Journal: "The bank failures which have occurred have been entirely due to local conditions and in almost every instance defects peculiar to the institutions failing. This is strikingly so in the case of the Commercial National Bank, at Roanoke, Va., and as much so in the failed bank in Texas some weeks since. "The same may be said of all the national banks failing since November 1, and I imagine the same thing will hold good in the State and private banking houses which have ceased to do business. "The banking institutions of the South made, with here and there an exception, a remarkably good showing during the panic of 1893 and the financial distress then was general and acute. No such condition now exists nor will occur upon the one hand, while on the other during the years since then liquidation has gone on, bad paper has been weeded out, and the banks are stronger in cash means. There is no basis for any expectation that either now or in the future the South or any other section of the country will suffer from more than the ordinary number of bank failures incident to the accumulation of slow assets and bad methods of banking. I certainly do not apprehend any difficulty beyond that due to the causes I have stated. "If the attention of the country could be directed towards attending to business affairs in a business way, undisturbed by "wars and rumors of wars" and promises of renewed and continued agitations, the country would enter upon an era of prosperity which in the largest measure would fall to the lot of the people of the South. "The South to-day offers a marvelously rich field for investment, and the capital is at hand to be invested but it will not go there or elsewhere when disquieting rumors are to be met with an uncertainty as to gaining a return for it, confronts the investor. "The opportunity presented to Americans to become rich, prosperous and happy by confining themselves strictly to the immediate needs of their own country was never so great as at this present moment. "JAMES H. ECKELS, "Comptroller of the Currency."

17. January 5, 1897 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 5, 1897

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the MAGIC CITY. Hustings Coart-The Defunct National Commercial Bank. ROANOKE, VA., January 4.-(Special.) The January term of the Hustings Court began to-day, Judge J. W. Woods, presiding. The grand jury has several cases before it. but as yet no indictments have been made. J. H. Morris, the man accused of shooting at John Holliday, a barber, last Saturday night, was fined $10 in the Police Court to-day for carrying concealed weapons, and sent on to await the action of the grand jury on the charge of attempting to shoot the barber. Major Samuel Griffin has been appointed by Comptroller Eckels receiver of the Commercial National Bank of this city, which closed its doors a week ago. It is understood that an effort will be made on the part of the directors of the bank to negotiate the assets of the concern, and arrange to pay off the depositors and wind up the institution themselves. This action, if it is taken at all by the board, will probably be taken tomorrow or Wednesday. The reason assigned for this proposed course is that the Board of Directors can wind up their own affairs at less cost than by letting the settlement go through the regular channels. The Southwest Virginia Trade and Labor Council, composed of all the union organizations of Roanoke, was organized here last Sunday afternoon, with C. E. Gray, president.

18. January 8, 1897 The News & Observer Raleigh, NC
Article from The News & Observer, January 8, 1897

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TELEGRAPHIC BRIEFS. Atlanta, Ga., Jan. 7.-The State Railroad Commission to-day adopted an order refusing to change the recent circular reducing the railroad rates on fertilizers 20 per cent. San Francisco, Jan. 7.-The steamship Coptica arrived to-day from Hong Kong and Kokohama and Honolulu. Minister Willis, who has been very ill at Honolulu, is reported to be slightly improved in health. Jacksonville, Fla., Jan. 7.-Special to the Citizen from Tampa says: Senatorelect Money arrived to-night from Cuba, and soon afterwards left for Washington, He refused to talk on the issues of the Cuban war. Lynchburg, Va., Jan. 7.-J. H. Valentine, formerly of this city, but now of Norfolk, made an assignment here today for the benefit of his creditors to H. D. Flood, trustee. The amount of liabilities is $23,725.79. Augusta, Me., Jan. 7.-The inauguration of Governor Llewellyn Powers and other State officials took place to-day. The exercises were witnessed by an unusually large gathering and were attended with the usual formalities. Washington, Jan. 7.-The Comptroller of the Currency has received information that the Commercial National bank of Roanoke, Va., which suspended some time ago, has raised sufficient funds with which to go into liquidation without the intervention of a receiver. Bismarck, N. D., Jan. 7.-The election of Hansbrough to the Senate from this State is practically accomplished. His supporters have the pledges of a majority of the Republican members of the Legislature and unless these pledges are broken Hansbrough will win on the first ballot. Baltiore, Md., Jan. 7.-Miss Ida V. Hoagland, private secretary to Miss Mary Garrett, fell down the elevator shaft at Miss Garrett's house, 101 West Monument street, to-day and died from the effect of the injuries she received. Miss Hoagland fell from the third floor to the basement, a distance of about 40 feet. Lansing, Mich., Jan. 7.-The two houses of the Legislature convened in joint session this afternoon and listened to the addresses of the retiring and incoming Governors. Governor Pringree's address at the outset recomemnded abolishment of party conventions, which he asserted, have become the mediums of trickery, bribery and fraud. He advocated instead the direct vote and the Australian ballot system in nominating candidates. London, Jan. 7.-In view of the statement made to United States Ambassador Bayard last year (regarding alleged violations of the provisions of the Bering Sea Treaty,) by Herman Liebes, of the North American Commercial Company, Mr. Bayard made certain representations to the State Department. Mr. Liebes has now made further statements to the Ambassador concerning this year's catch and the matter will doubtless be brought to the attention of the Washington authorities. Havana, Jan. 7.-Dr. Casper Betancourt, a naturalized American citizen, and a well-known dentist, who was arrested here on December 7th as a political suspect, is said to have been one of the leaders of the insurgents during the tenyears' war. It now appears that he is charged with conspiring against the government in handling mail matter intended for the insurgents, in connection with Gustavo Martinez. the collector of the Revolutionary Junta, the agent of Aguirre, the insurgent Pleader and Jose Maria Diaz, the agent of Castillo, also leader of the insurgents.

19. January 8, 1897 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, January 8, 1897

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GOOD NEWS. Commercial National Depositors Will be Paid in Full. Washington, Jan. 7.-The comptroller of the currency has received information that the Commercial National Bank, of Roanoke, Va., which suspended some time ago, has raised sufficient funds with which to go into liquidation without the intervention of a receiver.

20. January 8, 1897 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, January 8, 1897

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RECEIVERS NAMED. Pending the Resumption of Suspended National Banks. WASHINGTON Jan. 7.-The comptroller of the currency has appointed Bank Examiner Blading temporary receiver of the First National Bank, of Sioux City, and Examiner Anheirr receiver of the Citizens National of Fargo, N. D. Both of these appointments are temporary, pending resumption. Bank Examiner Turtilot has been appointed receiver of the Second National Bank, of Grand Forks, N. D. The comptroller has re eived information that the Commercial National Bank, of Roanoke, Va., which suspended some time ago, has raised sufficient funds with which to go into liquidation without the intervention of a receiver. Denver, Col., Jan. 7.-The American National Bank reopened today under new management, with $600,000 cash on hand to meet the liabilities and conduct business. There remains but $200,000 of liabilities to be provided for out of all the other assets of the bank. Eau Claire, Wis., Jan. 7.-The Commercial Bank of Eau Claire, capital $30,000, closed today. The failure is due to the suspension of the Allemannia bank, of St. Paul. President Allen states that the Eau Claire institution will wind up affairs, and that depositors will be paid in full.

21. January 9, 1897 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, January 9, 1897

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A SETTLED FACT. The Commercial Depositors to be Paid Within Two Weeks. The depositors of the Commercial National Bank, of this city, are now assured that they will get all their money back dollar for dollar in the course of the next ten days or two weeks. It has been an open secret here for nearly a week that the National Exchange Bank and the First National Bank were making are rangements to purchase the assets of the Commercial National and assume enough of the liabilities to make good to depositors the payment of all the money they had in the bank when its doors were closed. This agreement has been reached between the officers of the two first mentioned banks and the directors and stockholders of the Commercial National: but as nothing could be done without the approval of Comptroller Eckels, it was necessary that he be made acquainted with the proposed arrangement before any further steps were taken. This was done and as was announced in the dispatch from Washington published in yesterday's Times, the proposal met with the approval of the comptroller, who has authorized that liquidation of the bank's affairs be commenced at once. According to the agreement, the National Exchange and the First National Banks have loaned the Commercial an equal amount each, with which to pay all depositors, and as soon as the papers have been signed, the depositors will be notified as to which of these banks will pay them their money. The securities given the other banks by the Commercial are believed to be ample to indemnify them against loss, but as the stockholders of the Commercial are responsible for the full amount of their stock until the entire obligation is discharged the investment is regarded as a perfectly safe one in all respects. It is not, however, believed that the stockholders will be called upon to help out the liquidation, as it is thought that the assets of the bank will be amply sufficient to meet all its obligations. As the Commercial National Bank had on hand when it closed its doors $22,000 in cash assets and good collateral, it would seem that there never was any reason for closing its doors in such a hurried manner. It developed the fact, however, that the management of the bank had

22. January 9, 1897 The Roanoke Daily Times Roanoke, VA
Article from The Roanoke Daily Times, January 9, 1897

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The announcement from Washington that the Commercial National Bank, of this city, will go into liquidation without the intervention of a receiver is gratifying intelligence; but Is fully in accord with the information published heretofore in The Times. Those well informed concerning the matter predict that all depositors will be paid in full in a short time.

23. January 10, 1897 The Times Richmond, VA
Article from The Times, January 10, 1897

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tership and superintendent of schools are being solicited at a lively rate.' J. W. Bond and W. H. Mosby are the principal applicants for the former position. Mr. Bond was formerly chairman of the Republican party in this county, and Mr. Mosby has been a member of the State Committee for a number of years. As far as numbers of signers is concerned, Mr. John S. Riley, of Otterville, has the llead of the applicants for the office of School Superintendent and seems to be securing the unqualified endorsement of nearly evry man in the county N. D. Hawkins, the present incumbent, has not yet publicly announced his candidacy, but if he concludes to run will have a strong showing, and the fight will be between him and Riley, though perhaps half a dozen other applicants are also after the place. Along with the cold wave there came a grip wave and quite a number of citizens have been suffering with mild attacks, including Mayor Campbell, who is now, however, much improved. Henry Taylor (colored), a brakeman on the Norfolk and Western railroad was killed at Thaxton, Thursday morning. He slipped from the train, which had broken in two and come together with a great deal of force. His body was fearfully mangled, one side being crushed into a shapeless mass, The remains were sent to Crewe, where the unfortunate man had lived. The bank cases have been set for January 25th. Colonel John S. Mosby, who arrived last week on a visit to his mother and brother, is still in the city. Hon. John Goode, receiver for the First National Bank, left Thursday for Washington, where he will probably be for some time. Major S. Griffin, who has been appointed receiver of the Commercial National Bank, of Roanoke, is a resident of Bedford City, and is also receiver of the Liberty Savings Bank, of this place,

24. January 14, 1897 Staunton Spectator and Vindicator Staunton, VA
Article from Staunton Spectator and Vindicator, January 14, 1897

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VIRGINIA NEWS. Jesse Henson, a young myn on a vis. it to friends in Buena Vista during the holidays, accidentally shot and killed himself whilst hunting. Maj. Sam`l Griffin has been appointeb by Comptroller Eckels receiver of the Commercial National Bank of Roanoke, which closed its doors a week ago. Mr. John Lewis Cochran, Jr., son of Judge John L. Cochran of Charlottesville, and Miss Anna Mayberry Waldbridge of Chicago, were married last week." Rev. T. M. Carson, rector of St. Paul's Episcopalchurch at Lynchburg, elebiated the twenty-seventh anni versary of his rectorship in that church Sunday. 4th inst. Major Lewis Giater, the principal owner Jefferson a lot of land admond, has of the purchased Hotel, Rich joining the hotel, upon which he will erect a handsome probably Theo. theatre. Wong has left the University to return to his home in some work having of in Va. completed special China, the academic department. in the December on ber Wong's of the article University Magazine num- Mr. the of China" attracted attention "Customs The and very favorable comment. much body of a young man answering of Eddie and suddenly the ed description mysteriously Carneal, disappear who from his home in Spottsylvania on county last week, was found the railroad track near Ashland last Sunday. Mr Samuel Garland Payneof Lynchburg, son of the late Mosby H. Payne, night, 4th inst., at his great aunt, Mrs. residence died Sunday of Mary the Lightfoot Garland. He was but years was the last member had been the family. old and He attending of 18 Hampden Sidney College. City Council, in it The Norfolk joint session, have declined to consider the of Assistant Chief Frank shot resignation Fire Department Chief Woods, of who the Martin J. Ryan for to the mayor. On ing dation him of recommen- report the city chief executive, how ever, the assistant chief was summarily discharged from the service. Senator W. A. Little, Jr., of Freder has been invited Vir in Atlanta, to glnia icksburg, Society Ga., by the deliv er the annual address before on 19, Gen. Lee's society and be Jan. birthday that to their guest at their annual banquet held on the evening of same Senator Daniel and other day. one the Virginian have been heretofore 80 honored. The Goochland county jail was burn ed on the 6th. It supposed to be the Bowles, , jail, and but work fined in of the Frank colored, recently con re leased from the penitentiary. This t a The county h, in debt, is not in a_con ready severe heavily loss. being al T, dition to rebuild. This is the third s. time this jail has been destroyed fire. of The polishing shop, stone sheds and office of the Rattlefield Granite Com t pany, loeated at the le Alart & at were totally pickle depot, factory, adjoining Fredericksburg McGuire destroyed of last week. to have by fire is supposed tramps fire Wednesday originated fr Th building a fire to warm the loss at $2,000. selves. mates the Mr. York, manager, Noinsurance them The Association for the of Antiquities last its Virginia annual Preservation week hel meeting in Richmond. Mr tendered her the Association Joseph tion, but it Bryan declined resigna accept and re elected her report of the to be in a the ly. condition. organization The Treasurer unanimous prosperou It was determined to a y quire Temple farm, at Yorktown. possible. 18. Charles Payne, a negro man, me with a terrible accident in Richmon on the 6th inst., which result While his death. the third washing may windows floor of the Broad Stree Methodist church, Payne fell The iron fence below. fall was about distance on of twenty feet. Helande on one the iron pickets, right side. He trated his of which remaine suspended in this position until saw him and came to his O'Ferrall has sers-by Governor received relie pa of the circular letters sent in the to present at the them the executives be country, inauguratic out invitir to McKinley. That including the to Adjutant General of of was the President referred invitation militar portio Governor he is how many, if derson. informed from this The says any. troo n A State will attend the ina He has not decide will go. If he whether probable gural ceremonies. he does, it that he will be accompani by his full staff. Mrs. George Logan, of Salem, has put in of estate, located in worth been of of real possession the $100,0 V be part Atlanta, Ga. She gets this as one of the Colonel Lemuel P. C of who uable the left property late legate Gran an estate of $600,000.