19859. Home Bank (Barnwell, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
*
Location
Barnwell, South Carolina (33.245, -81.359)

Metadata

Model
gpt-5-mini
Short Digest
50d46679

Response Measures

None

Description

Articles from 1927–1928 report the Home Bank of Barnwell as defunct and in receivership; the pieces discuss legal disputes between receivers over mutual deposits. No article describes a depositor run. The precise date of the bank's suspension/closing is not given in the clippings, only that it was already closed by 1927.

Events (2)
1. * Receivership
Newspaper Excerpt
James E. Peurifoy, receiver for the American Bank & Trust company, against N. B. Gamble, receiver for the Home Bank of Barnwell; the Home Bank closed ... Receiver Gamble ... the receiver for the Barnwell bank was appellant ... the Home Bank had on deposit ... Receiver Gamble, Barnwell ... claimed ... the receiver for the Barnwell bank, claimed ... the petition for rehearing ... Ex Parte. James E. Peurifoy, receiver ... versus N. B. Gamble receiver for the Home Bank of Barnwell, involving credits between the two banks both banks being defunct.
Source
newspapers
2. * Suspension
Cause Details
Articles state the Home Bank had failed/closed but do not give an explicit cause (no mention of runs, correspondent failures, local shocks, or government action).
Newspaper Excerpt
the failure of the Home Bank of Barnwell ... the Home bank failed and closed its doors.
Source
newspapers

Newspaper Articles (6)
1. August 3, 1927 The Columbia Record Columbia, SC
Article from The Columbia Record, August 3, 1927

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Article Text

APPEAR IN COURT Case of Peurifoy vs. Gamble Argued Before Supreme Tribunal the right of the the American Bank withhold dividend funds due the Home Bank of Barnwell, also funct, as against deposit the American Bank Trust company's receiver in the Home Bank prior to its failure, was gued before the South Carolina preme court special session the capitol today. The case that James Peurifoy ceiver for the American Bank company, against B. Gam for the Home Bank. Brown and Burch of Barnwell are attorneys for the Home Bank's celver. while Robinson attorney Columbia took the The Home Bank closed time the closing American Bank Trust Former James Peurifoy for the latter institupay deposit the Home Bank check the Home Bank. This the for the Home Bank refused that stitution that ceivership The the American Bank Trust company deposit the Barnwell closed Receiver withhold paying the Home Bank's posit Bank Trust company, as against the matter tried before Judge order. that Peurifoy withhold of dividends from the the American Trust Home Bank, until such equaled the amount of deposit Peurifoy the Barnwell Bank the that closed. this ruling Judge the appeal brought to the court.

2. August 4, 1927 The State Columbia, SC
Article from The State, August 4, 1927

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Article Text

BANK CASE HEARD BY SUPREME COURT Involves Right of Receiver to Withhold Dividend Funds Due Institution. Before the state supreme court in special session yesterday, case was heard of the rethe right ceiver of the American Bank & Trust company of Columbia, defunct, dividend funds due the Home of also defunct, as the against deposit by American Bank Trust receiver the Home bank, prior to The case James Peurifoy for the American against the Home bank. Brown Burch and Barnwell attorneys are for Home bank's while D. of attorney for the receiver of the Columbia institucourt took the case under adThe bank closed was some of time closing of Amerithe can Former Judge as receiver for the endeavored pay due giving check the receiver for the bank refused was at receiver for the Bank Trust pany had Barnwell the the $7,000. was Receiver Peurifoy's withhold the dividends the Home in the American Bank Trust company, offset against The was tried before Judge W H. Townsend, Peurifoy withhold of dividends from the assets of the American Bank & Trust company the Home bank, until such dividends equaled the sum of the amount deposit by Receiver Peurifoy in the Barnwell bank at the time that closed. From this ruling by Judge Town send the appeal was brought to the supreme court.

3. November 3, 1927 The Columbia Record Columbia, SC
Article from The Columbia Record, November 3, 1927

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Article Text

RECEIVERS MUST BADER SPEAKS PAY DIVIDENDS CHRISTIAN CHURCH Neither Columbia Nor Barn- Evangelism Superintendent well Banks Entitled to at Columbia ConOff-Sets vention An interesting case growing out of the failure the American Bank and Trust company of Columbia and the failure of the Home Bank of Barnwell was decided by the state court in an opinion announced today, the case being that of James E. Peurifoy, ceiver for the American Bank and Trust company of Columbia, against N. B. Gamble. receiver for the Home Bank, in which Mr. Gamble was appellant, the decision of the court being that each bank. having must pay its posit the dividends, regard any for the deposit of one bank the other The opinion, by Associate Jstice When the and Trust failed the Home Bank with the sum of $33,000, but Barnwell bank owed Columbia bank certain other The with charges entering into the calculations, $13,104 favor the Barnwell bank. Mr Peurifoy, receiver the American Bank Trust company deposited with the Home Bank the sum from the assets the collections Then Home Columbia bank failed and closed doors. This left the with deposit the defunct bank and same time owing that that he was dends, the the the Columbia bank against the by the Barnwell posited bank. Receiver Gamble, Barnwell claimed that party entitled the against The position Peurifoy sustained for American Bank Trust ordered dividends Barnwell against the until total should reach bank's the The supreme reverses circuit decision defunct An address by Dr. Jesse M. Bader, superintendent evangelism for the Church Christ in America, feature the evening session Thursday the annual of the Christ in South held the First Church Christ, corner of Washington and Pickens streets Dr. returned recently from trip and London, his address will center around obmade information gained on this trip. As superintendent evangelism for his Dr. Bader, campaign, added one million members to the Dr. Gordon will also adthe at the Thursday Hear Miss Maus. An instructive address was delivered the vention the morning session by Miss Cynthia Pearl Maus, of Louis, an address on the subject, "The Church and Youth" Miss Maus addressed conference of Sunday school workers. Devotions at the morning session were led by John followed by religious led by Quick Atlanta. Sunday discussed Rev. Preshousing and equipment Dr. and "Leadership" Miss Elmira Price, the School Training Christian Living subject Mrs. Cora Copeland, of Charleston. Mrs. B. B. Kirkland. presided the meeting the Women missionary dressed "The CamBader present formulating plans for celebration the anniversary 1930. The come noon Friday. Speakers Buckley and Mrs. H. JefWomen of the congregation served bountiful dinner attending the sessions Thursday.

4. November 4, 1927 The Herald Rock Hill, SC
Article from The Herald, November 4, 1927

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Article Text

RULING RENDERED BY HIGHEST COURT IN 2 BANK CASES Defunct American Bank & Trust Company and Barnwell Home Bank Affected Columbia, Nov. (By Herald Correspondent) A case of unusual interest growing of the failure of two-prominent.South Carolina banks was the state supreme court, an opinion handed down today by Associate Justice Stabler, reversing the circuit court, the decision of the court defune bank, other. The case is that of James E. Peurifoy, receiver for the American Bank & Trust Company, against N. B. Gamble, as receiver for the Home Bank of Barnwell. When the American Bank closed more than a year ago the Home Bank had a deposit with it in the sum of $33,000, but the Barnwell posits in the Barawell bank, from his collections on the assets of the total of Then the Barnwell bank and closed its This left the Columbia indoors. stitution with a deposit of $7,000 in the defunct Barnwell bank and at the same time owing that bank $13,104. receiver for the Judge American Bank & Trust company ment of the affairs of the Columbia bank, on the $13,104 claim. the $7,000 deposited by against Barnwell bank. Rebank, contended that neither party was entitled to an off-set; that each bank should pay its dividends, pro rata, on the full amount of the claim against it. W. H. Townsend, in Judge dends payable by him to the Barnwell bank, against the $13,104 claim, until such dividends pay. ments should total $7,000, thus off-setting the Columbia bank's deposit in the Barnwell bank The supreme court reverses Judge Townsend and orders Reto to the ceiver Peurifoy pay Barnwell bank its pro-rata of dividends payable on the salfrom the defunct Columbia vage under the $13,104 claim of the Barnwell bank.

5. November 5, 1927 The Greenville News Greenville, SC
Article from The Greenville News, November 5, 1927

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Article Text

CASE SETTLED ASSAILED Two Defunct Banks, Each Having Deposit In Other, To Pay Regular Dividends COLUMBIA, Nov. out failure the American Bank Trust Columbia and the failure of the Home bank of Barn decided by the state today, the case being James receiver for the AmeriBank Trust Columbia, against Gamble ceiver for Home bank, in which Mr. Gamble was appellant, the cision the court being that each bank, having deposit in other, must pay dividends, without gard any the deposit bank the other. The opinion, by Associate Justice the lower court. When Bank Trust failed, the Home bank had deposited with the sum of but the bank owed the bank The difference, with other charges entering into the $13,104 in favor of the Barnwell bank. as receiver for the American Bank Trust company deposited the Home bank the sum collections from the the Columbia bank. Then the Home bank failed and closed its doors. This left bank with deposit in the defunct Barnwell at the same owing that bank $13,104. Receiver Peurifoy contended that was entitled his dividends, the settlement of the fairs of the Columbia bank, the against the $7,000 deposited him in the Barnwell Recelver the Barnwell bank, claimed that neither party was titled to an that bank should pay its dividends, pro the full of claim against circuit court in Columbia the position of Receiver Peurifoy sustained and the receiver for American Bank Trust ordered to hold dividends payable him to the Barnwell bank against the $13,104 claim. until their total should reach $7,000. thus the bank's deposit in the bank. The court reverses the circuit judge's decision and orders Mayor Thompson Again Takes Cudgel Against The British Influence CHICAGO, Nov. Thompson. First" protagonist, poured 13 pages rebuke on the heads of Chicago Board members today. He spoke in their reletter to him, and called upon them resign He recharged them with sponsoring proBritish propaganda through courses, denied with some heat that he was aiming at free press. and requoted extracts from library pamphlets which he regards as traitorous. The mayor's letter was his second since October when wrute criticizing pamphlet by Herbert Adams Gibbons, by your cial body and the American Library the mayor wrote, "that the Gibbons pamphlet is 'only series issued by the American Library and circulated almost every library in the United States.' know these pamphlets are circulated through American libraries. That why this fight against pro-British, propaganda takes on a national aspect. "In saying you do not sponsor these you state what not true. You sell them the publibrary You might as well say that the not sponsor for and responsible for the goods he sells. "Throughout much of the reading course which you are selling in the Chicago Public library are for the reading eulogistic books concerning Edward Bok, advocate the World Court: Andrew Carnegie and the Carnezie Foundation endowed for the purpose of about political union English speaking people; and the Ambassador, Walter Page. who would have had the United States in the war from the beginning. the receiver for the Columbia bank to to the Barnwell bank receiver its pro rata share paythe salvage from the the $13,104 claim of the Barnwell bank.

6. April 5, 1928 The Greenville News Greenville, SC
Article from The Greenville News, April 5, 1928

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Article Text

CASE RECORDED Case Of Peruifoy, Ex Parte, Vs. Barnwell Bank Dismissed By Court COLUMBIA. April 4.-The State today handed down an order dismissing petition for rehearing in the case Ex Parte. James E. Peurifoy, receiver for the American Bank & Trust company of Columbia, versus N. B. Gamble receiver for the Home Bank of Barnwell, involving credits between the two banks against losses on deposits by each bank in the other both banks being defunct. The opinion the petition for rehearing by Justice Watts, and other justices concur dissenting Associate Justice Cothran files opinion. The Home Bank had on deposit in the American Trust the sum of $33,000 owed the American Bank & Trust company $20,000 When the American Bank Trust closed owed the Barnwell bank the difference. $13,000. In liquidating the affairs of the Columbia bank Receiver Peurifoy deposited, from salvaged funds, $7,000 in the Barnwell bank Then the Barnwell bank failed and closed. Receiver Peurifoy withheld the sum of $7,000 from payments due the Barnwell bank in dividends from the salvage of the Columbia institution This the bank receiver opposed taking position that he should receive full of dividends due him from the salvage in the American Bank Trust company and the $7,000 should be treated a straight debit due the Columbia receiver. The circuit court held that Receiver Peurifoy course was correct. This the supreme court sustained. and the petition of the Barnwell for rehearing of the case In his dissenting opinion Justice Cothran takes the position that when the American Bank & Trust company failed and went into the hands of a receiver ceased to function corporation. and the deposit of by Receiver Peurifoy could not credited against the obligations of the former banking corporation.