19988. Traders National Bank (Clarksburg, WV)

Bank Information

Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
4569
Charter Number
4569
Start Date
February 2, 1904
Location
Clarksburg, West Virginia (39.281, -80.345)

Metadata

Model
gpt-5-mini
Short Digest
2ee3efbdf2d75e0d

Response Measures

None

Description

The bank was closed by order of the Comptroller of the Currency on Feb 2, 1904 (examiner/receiver appointed) due to lack of available assets and poor investments/litigation tied to related industrial enterprises. It was reorganized (capital increased to $200,000) and authorized to reopen in mid-April 1904. No article describes a depositor run prior to suspension.

Events (4)

1. May 9, 1891 Chartered
Source
historical_nic
2. February 2, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed after lack of available assets; heavy investments in large enterprises (Jackson iron and tin-plate mill) that realized no returns; suits and bankruptcy proceedings involving related concerns pressured the bank and led to examiner-enforced suspension.
Newspaper Excerpt
The Traders' National Bank of Clarksburg, W. Va., closed its doors today, and the controller of the currency has appointed National Bank Examiner Charles W. Robinson receiver.
Source
newspapers
3. April 13, 1904 Reopening
Newspaper Excerpt
The Traders National Bank ... opened for business Wednesday morning under a strong reorganization and a capital stock of $200,000... Receiver Robinson said ... all depositors will be paid in full with legal interest. The controller of the currency has authorized the Traders' National Bank ... to reopen for business. This bank suspended February 2, 1904.
Source
newspapers
4. April 10, 1905 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)

Article from Evening Star, February 2, 1904

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EXAMINER IN CHARGE. Bank at Clarksburg, W. Va., Closes Its Doors. The Traders' National Bank of Clarksburg, W. Va., closed its doors today, and the controller of the currency has appointed National Bank Examiner Charles W. Robinson receiver. This bank was organized April 15, 1891; T. M. Jackson, president; S. H. White, cashier. The controller is not in possession of sufficient information to enable him to state the exact cause of failure. The following is a statement of the resources and liabilities of the bank as shown by the last report of condition received by the-controller, dated November 17, 1903: Resources-Loans and discounts, $829.535.25: United States bonds, $85,000; stocks. securities, claims, &c., $163,500; furniture and fixtures, $3,500; real estate, $12,677.08; due from banks and bankers, $184,632.35; cash and cash items, $82,272.41. Total, $1,361,117.09. Liabilities-Capital stock. $85,000; undivided profits, $84,674.15; circulation, $85,000; due to banks and bankers, $100,743.88; deposits, $975,699.06; bills payable, $30,000. Total, $1,361,117.09.


Article from The Providence News, February 2, 1904

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BANK CLOSED. Washington, Feb. 2.-The Traders National bank of Clarksburg, W. Va., has been closed by order of the comptroller of the currency. and National Bank Examiner C. L. Robinson has been appointed temporary receiver.


Article from Alexandria Gazette, February 2, 1904

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Woodward & Lothrop, 10th, 11th and F Sts., N. W. WASHINGTON. D.C. TELEGRAPHIC BREVITIES. Twin boys were born to Mrs. Fred Holtz, of Dundee, Illinois, yesterday, it being the third pair for Mr. and Mrs. Holtz. The Pocahontas and Flat Top Coal Companies reduced miners' wages about 10 per cent. which took effect yesterday. The mines are runing as usual and there are no indicatinos of a strike. The Traders' National Bank, of Clarksburg, W. Va., closed its doors this morning by order of the Comptroller of the Currency. A special bank examiner is in charge. The bank has over one million dollars on deposit. James G. Tilbury, the chauffeur who was acquitted by a Chicago jury Saturday of attempting to blackmail Mrs. Hollis M. Thurston, a wealthy society woman, says he will prosecute hissuit for $50,000 damages to the bitter end. A distinguished honor has been conferred on Mr. Michael Jenkins, President of the Baltimore Safe Deposit and Trust Co., by Pope Pius X. He has been made a Knight Commander of the Order of St. Gregory the Great in recognition of valuableservices to the church. Mrs. D. R. Thorp, daughter of Colonel Cody ("Buffalo Bill"), died suddenly on Sunday at Spokane, Wash. He was married to H. S. Boal about eight years ago. Mr. Boal committed suicide at Sheridan, Wyo., two years ago. Mrs. Boal was married to Dr. Thorp a short time before Christmas. One fireman was killed, two others injured and a policeman hurt in a fire in Cincinnati last night, which partially destroyed the fivestory building occupied by Henry Nurre, manufacturer of picture frames, at 412 Plum street. Three firemen were injured by a falling wall.


Article from The Topeka State Journal, February 2, 1904

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Bank Ordered Closed. Clarksburg, W. Va., Feb. 2.-The Traders' National bank, the largest bank in this city, has been closed by order of the comptroller of the currency and a national bank examiner has been appointed temporary receiver. Assets are a million and a quarter. It is thought the bank will resume business. No statement of its condition has been made.


Article from Deseret Evening News, February 2, 1904

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Clarksburg W. Va. Bank Fails. Clarksburg. W. Va., Feb. 2-The Traders National bank, the largest bank in the city, has been closed by order of the comptroller of the currency and a national bank examiner has been appointed temporary receiver. Assets, $1,250,000. It is thought that the bank will resume business. No statement of its condition has been made. A statement issued by the bank in November last, showed deposits of $975,000. and assets of $1,360,000. The capital stock was $85,000.


Article from The Times Dispatch, February 3, 1904

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WEST VIRGINIA BANK IS ORDERED CLOSED (By Associated Press.) WASHINGTON, D. C., Feb. 9-The Traders' National Bank. of Clarksburg, W. Va., has been closed by order of the Comptroller of the Currency and Bank Examiner C. W. Robinson has been appointed temporary receiver. The bank was organized April 15, 1901, with T. M. Jackson as president, and S.H. White cashier. The comptroller is not in possession of sufficient information to enable him to state the exact cause of failure. The bank has a capital of $85,000, and deposits of $975,000.


Article from The Indianapolis Journal, February 3, 1904

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BANK CLOSED BY THE CONTROLLER'S ORDER Traders' National, of Clarksburg, W. Va., Compelled to Suspend Business. CLARKSBURG, W. Va., Feb. 2.-The Traders' National Bank has been closed by order of the controller of the currency, and Charles W. Robinson has been placed in charge. It is the largest bank in the city. Assets $1,125,000. It is thought the bank will resume business. The bank was organized April 15, 1891, with T. M. Jackson as president, and S. H. White, cashier. The following is a statement of the resources and liabilities of the bank on Nov. 17, 1903, when the last official report was made: Resources-Loans and discounts, $829,535; United States bonds, $85,000; stocks, securities, claims, etc., $163,500; furniture and fixtures, $3,500; real estate, $12,677; due from banks and bankers, $184,632; cash and cash items, $82,277. Total, $1,361,117. Liabilities-CapitΓ‘l stock, $85,000; undivided profits, $84,674; circulation, $85,000; due to banks and bankers, $100,743; deposits, $975,699; bills payable, $30,000. Total, $1,361,117. The cause assigned for the failure of the bank is lack of available assets, but the reason stated by those supposed to be informed is investments in enterprises of large magnitude which have SO far realized no returns.


Article from The Savannah Morning News, February 3, 1904

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Were Poor Investments. Clarksburg, W. V.. Feb. 2.-The cause assigned for the failure of the Traders' National Bank here to-day is lack of available assets, but the real reason stated by those supposed to be informed, is investments in enterprises of large magnitude which have so far realized no returns. Bankruptcy proceedings against the Jackson Iron and Tin Plate mill and large suits against Moore Jackson, president of both the tin plate mill and the Traders' Bank, played a prominent part in the failure.


Article from Daily Kennebec Journal, February 3, 1904

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CONDENSED DISPATCHES. The Traders' National Bank of Clarks. burg. W. Va., has been closed by order of the comptroller of the currency and National Bank Examiner C. L. Robinson has been appointed temporary receiver. Paul Stern, a young officer of the Prussian army, has committed suicide at San Antonio, Texas. by shooting. He left letters to his brothers in Germany saying he was weary of battling against ill health. Decisions awarding an aggregate of $700 in $50 penalties for refusals to issue transfers at various points in the city, were handed down, Tuesday. in a municipal court in New York City, against the Interurban Street Railway Co. and in favor of various plaintiffs who had been refused transfers. A short time ago similar decisions were handed down in more than 20 cases and many thousand similar suits are pending. In reference to a published rumor that negotiations are on foot for the purchase of the Central New England railroad by the N. Y., N. H. & H. Railwoad. Pres. Mellen of the latter road. gave our a brief statement at New Haven. Ct., Tuesday. The statement says: "This is probably a repetition of a rumor which has been prevalent for some time and when there is anything to warrant any statement Mr. Mellen will be very glad to give the very fullest information." The gift of $50,000 by John Hays Hammond of New York, the mining engineer, for a metallurgical laboratory at Yale. has just been increased by Mr. Hammond to $100.000. In announcing this additional gift Prof. R. H. Chittenden director of the Sheffield Scientific School. says it makes possible the construction of a laboratory of adequate size and with equipment suited for all modern requirements. Mr. Hammond is professor of mining engineering in the university. Secretary Emil W. Ritter of the Refer. endum League, has informed the city council of Chicago that the petition for submission of certain questions to a vote of the people will be filed, Wednesday. In his communication he stated that more than the reuired signatures have been obtained and that the petition will be filed under the "public policy law" providing for the submission of the following questions of policy: Immediate municipal ownership of the street car lines; licenses to operate instead of franchises. The questions will appear on the "Little ballot" at the April election.


Article from The Daily Telegram, February 8, 1904

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CLARKSBURG, W. VA., FEB. 8, 1901. RE-OPEN THE TRADERS. Attempts to prejudice the public against any one on account of the Trad ers National Bank, whose doors are tem. porarily closed, show to what depths of meanness some persons will go and just how unprincipled they are. There are some who are always glad to take advantage of the misfortune of others to promote their own selfish interests, although they have to stoop so low as to he utterly contemptible. It is this class that does not want the Traders to reopen simply because they think it is a personal advantage to them. Little they care for the community. Little they care about one of the most important and popular institutions of the city. But it is a real gratification to know that the business men in general, including the bankers who are competitors of the Traders, are hopeful that the bank will soon be on its feet again with its doors open to do business. It is not SO much the interests of the bank they care for in this particular as it is for the good of the community. All liberal and fair-minded business men recognize the fact that the reopening of the bank would be far better for the commercial interests of this section than if it were to go out of existence. That alone is sufficient reason why they should hold such a desire. Again, there are but few men who are 80 designing as to wish the numerous depositors of that bank to losc their deposits or any part of them, nor is there any desire that the stockholders should lose. Either event would be detrimental to the financial credit of Clarksburg and bring not only hardship to those immediately concerned but to the entire community as well. Under such conditions and circumstances the Telegram has no patience with the few who have personal spites that prompt them at this critical time this to prejudice the people against not only other financial institutions. They could be engaged in a better business than that of arraying people agains! banks. Their conduct would be more commendable if they were making efforts to uphold the public confidence an I trying to allay suspicion and avert a possible panic in money affairs in Clarks burg. In this connection the Telegram feels that it must reiterate the general desire for the re-organization and re-opening of the Traders, and it with the public will welcome the day when that is necomplished. That day is not far distant, if present efforts in that direction are successful and the best information at this time is that very good progress is baing made in that direction.


Article from The New Dominion, February 10, 1904

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People here who are interested at Clarksburg were sorry to hear of the suspension of the Trader's National Bank but they do not think that the suspension will last very long.


Article from Ceredo Advance, February 10, 1904

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STATE NEWS ITEMS. The property of the Kanawha Valid ley Traction Co., owned by Russell A Brown. of Cleveland, O., has been pur chased by a syndicate composed of Judge Peter Grosscup, W. O. Johnsor and others, of Chicago, and Fred P. Grosscup, of Charleston. The first payment of the purchase price has been made and the new owners will take charge in a few days. The price paid is not known. It is understood the newcomers will extend the line Le towns up and down the Kanawha Valley. A large sum of money will be expended in improving the prop erty. The syndicate is the same that recently purchased the Big Sandy oil and Gas territory, in Roane county, from which this city obtains its sup ply of natural gas. To Wellsburg. the metropolis ot Brooke county, falls the distinction of having two separate and distinct post offices, each with its own postmaster This unique situation is due to the fact that Lezearville was annexed to Wellsburg. Lezearville had a post office and still has one, although with in the corporate limits of another city. William E. Wiley, a young man well known in sporting circles in Clarksburg and other towns throughout the state, was arrested and remanded to jail upon a charge of stealing over $1,000 worth of diamond rings from a young woman. The charge was made by Miss Mabel Ross, prepossessing and stylishly dressed young woman, who claims her home is in Baltimore. She says she came to Clarksburg to meet Wiley, and from Clarksburg they were to go to Pittsburg and be married after visiting his parents in that city. She says she loaned her diamonds and jewelry to Wiley here to raise funds for the trip, out that he lost them at gambling and hen deserted her. Claymore Fleming, 15, while skating a creek near Ravenswood, went through an air hole. His body has not been found. A 5-year-old son of Anton Zihlman lied at Huntington from the effects of drinking carbolic acid. Mr. Zihlis owner of a large glass factory there. At Tazewell, the dormitory of Dodge's business college burned. Several young ladies were asleep in the building and narrowly escaped death the flames. Loss $3,000. Bishop P. J. Donahue, of the Wheeldiocese of the Catholic church, who was in Clarksburg settling the estate of the late vicar general of West Virginia, Rev. D. O'Connor, priest of the Clarksburg parish, announced that Rev. John A. Reynolds, assistant priest, would be appointed Father O'Connor's successor in that diocese. The state republican committee by vote of 10 to 4 selected Wheeling as he place of the next republican convention, which will be held July 12. Although only the preliminary skirnish for gubernatorial and other honpoliticians from all over the state vere at Wheeling. The two rival republican candidates for governor, Teand Dawson, were on hand to nurse heir booms. The Traders' national bank, Clarksurg. has been closed by order of the ontroller of the currency, and Charles Robinson has been placed in harge. The bank was organized pril 15, 1891, with T. M. Jackson as resident and S. H. White, cashier. 'he controller is not in possession of ufficient information to enable him state the exact cause of failure. The cause assigned for the failure is ack of available assets, but the real eason stated by those supposed to be nformed is investments in enterprises large magnitude which have SO far ealized no returns. Pressure was rought to bear on the bank to meet obligations, and after a futile efto raise money the suspension was orced by Bank Examiner Charles W. Robinson, who has been scrutinizing affairs for several days. The bank the largest in that city, having total ssets of nearly $1,500,000, and deposexceeding $900,000. Bankruptcy roceedings against the Jackson iron tin-plate mill and large suits


Article from The Aberdeen Democrat, February 12, 1904

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DOMESTIC. The public debt statement issued on the 1st shows that the debt increased $911,663 during the month of January. Cash in the treasury, $378,745,084. Total debt, less cash in treasury, $915,062,543. The Baptist May anniversaries will be held in Cleveland, O., from May 16 to 24, inclusive. The residence of Peter Christiansen was burned at Council Bluffc, Ia., and his fixe small children were cremated and his wife fatally burned. The government receipts for January were $41,588,370 and the expenditures $48,372,553, leaving a deficit for the month of $6,784,183. Harry Forbes was knocked out in the fifth round by Abe Attel, of St. Louis, in a battle for the world's featherweight honors. At Clarksburg, W. Va., the Traders' national bank closed its doors. The Kirby Lumber company, with $10,000,000 capital, and the Houston Oil company, owning 1,000,000 acres of land, have been placed in a receiver's hands at New Orleans. Gov. Peabody, of Colorado, has proclaimed the term of martial law at Cripple Creek at an end. Corporal Charles A. Valois and his young. wife, spurned by relatives and penniless, sought death together at Saginaw, Mich. The National Webster bank and the Atlas National bank, two of the largest Boston financial institutions, have consolidated. Fire in the wholesale district of Knoxville, Tenn., caused a loss of $400,000 and the lives of two firemen. A collison between freight trains in El Paso, Tex., caused the death of Engineer Gillespie, Fireman Daniels and an unidentified brakeman. Three of the 30 victims of the Nevada desert have been identified as Philip Geiger, William Hancock and George Hollberk, of Ogden, Utah. A race war at Berea, Ky., is threatened by the citizens' appeal for a law against coeducation of negroes and whites at Berea college. Gen. Ben J. Vilnen, of the Boer forces in the war in the Transvaal, was a guest of President Roosevelt at luncheon.


Article from The Daily Telegram, February 22, 1904

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TRADERS BANK OPEN. There appeared on the door of the Traders-National Bank a new notice Monday morning. It read "Bank open to receive all persons indebted to the bank." and was signed by Charles W. Robinson, receiver. The remark was made that the Traders bank was open and it seemed to please the people very much until the reason was told why it was open. The previous notice was that the bank had been closed by direction of the Comptroller of the Currency.


Article from West Virginia Argus, April 7, 1904

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Mrs. H. S. Whetsell and baby are at Aurora this week visiting her old home. Dr. Jennings M. King is at Buckhannon again this week on account of the critical illness of his mother. Miss Frances Ann Parsons, who clerks in the Argus Book Store, went to Morgantown last Saturday to spend a week visiting her parents. Ira Claud Gibson, who has been running a drug store out at Enterprise for some time, has been' here this week to apply for license to conduct a drug store in Kingwood after May Ist. The unveiling of Bailey Brown's monument at Grafton will take place on April 28th. Although history does not record it, Mr. Brown was the first man killed in the Civil War. The services will be attended by the G. A. R. and the Cadets of the W. V. U. He was born and raised in Preston county. The stockholders of the Traders' National Bank of Clarksburg, which was closed February 2nd by order of the comptroller of the currency, held a meeting last week. It was decided to organize the institution and resume business. A board of directors was elected and officers elected by them. The capital stock was increased from $85,000 to $200,000. The proposition will be sent to Washington immediately, and it is believed will be approved, which will mean the opening of the bank about the fifteenth of April, The bank had about $975,000 on deposit when it closed.


Article from The Daily Telegram, April 13, 1904

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TRADERS BANK REOPENS UNDER REORGANIZATION Deposits First Day Amount to More Than Three Times as Much as the Aggregate Sum Checked Out -Future of Institution is Bright. The Traders National Bank, which was February 2, by order of the CompSERIOUS troller of the Currency, opened for business Wednesday morning under a strong reorganization and a capital stock of CHARGE PREFERRED AGAINST ED. $200,000. an increase of $115,000. BUTCHER BY BERTHA SHRIEVE, The officers of the bank are W. Brent AN EIGHTEEN-YEAR-OLD GIRL, Maxwell, president; P. M. Robinson, vice EMPLOYED AT DEISON HOUSE. president, and S. H. White, cashier. The board of directors is composed of W She Accuses Him of Criminally AssaultBrent Maxwell, John L. Ruhl, C. S. ing Her On the Weston Road Monday Smiley, James F. Allen, Millard F. Sni: Night-Butcher Arrested and Jailed der L. L. Loar, Edward R. Davis, Ira to Await Trial. E. Robinson Porter Maxwell, Lee Bog. gess and P. M. Robinson. Ed. Butcher. a young man of this city, The bank opened with Vice President is in jail awaiting trial on a serious Robinson and Cashier White in charge charge. He is accused of criminally asand the employes of the bank retained saulting Bertha Shrieve, a girl eighteen are Richard Farland, teller; B. W. Bag. years of age, employed as a domestic at gess and Pearl Holden. bookkeepers and the Deison house. She appeared before Miss Carrie Fordyce, stenographer. Magistrate Riley and caused the warrant The opening was under auspicious cirto be issued. Butcher was arrested on cumstances and at the close of the day Second street Wednesday morning by more than three times as much money Con-table Edgell and placed in jail to had been deposited as was checked out await trial. and there was every sign of restored The Shrieve girl says Butcher took confidence. her out riding in a buggy Monday even The resumption of business by that in ing. They drove out the Weston road stitution in so short a time is hailedand in a secluded spot, she claims he with delight by many of the business overpowered her and then committed men of the county and is an evidence of the assault. what masterly achievements the business men of this community are capable of. That the institution will have a BURGLAR bright and prosperous future and be of great service in promoting the commerFATALLY SHOT cial and industrial interests of the county there is no shadow of doubt. Receiver Robinson Talks. By a Wheeling Officer As Latter Caught When seen by a representative of the Him Burglarizing a Confectionary Store. elegram Wednesday, Mr. Robinson said "The closing of the Traders National By Associated Press. Bank was one of the unpleasant duties incident to the position of a National Wheeling, W. Va. April 13-William Bank Examiner. It was a duty I was Conners was fatally shot this morning obliged to perform. Every act of the at an early hour by Officer Woodward, Comptroller of the Currency, and myself as Conners was trying to burglarize a as a representative of his office, has been confectionary store. Connors had just arrived from Louisville. in the interest of the depositor and I am glad to state that all depositors will be paid in full with legal interest. "I desire to thank the debtors to the SCHMULBACH bank, who responded so promptly to my call for what was due the bank. The May Be One of the "Big Four" From This fact that L pressed payment and the State to the Republican National Convention. public responded to the amount of $300.000 enabled the bank to reorganize and open. The receiver does not collect on By Associated Press. per centage, as some people think. Not Charleston, W. Va., April 13 - It is a suit was bronght, not a business susnow conceded that Senators Elkins and pension resulted from my persistent ef Scott and J.T. Caldwell. of Huntington, forts to collect. I was careful to hurt will be three of the delegates-at-large to no one. but always anxious to protect the National Republican convention. There is a nice contest for fourth every interest of the depositor. "I leave the bank in good hands and place between Governor White and Unit with available funds to meet any deed States District Attorney Atkinson: 1 mands that will be made upon it. with the possibility of Col. H. Schmul am glad of the reopening of the bank bach. of Wheeling, beating them both. and leave your city for Pennsylvania Senator Scott will probably be tempor to engage in my work as Examiner. ary chairman and deliver the key note "I want to thank the press of the city of the campaign in his speech to-mor for the very considerate way in which row when the convention assembles, they have spoken of the bank during GRAND BALL AND SOCIAL. the receivership, and the uniform cour teous treatment to me personally." This is the night for the grand ball


Article from Evening Star, April 14, 1904

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West Virginia Bank May Reopen. The controller of the currency has authorized the Traders' National Bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2. The board of directors has been reorganized and increased, and the stockholders have authorized an increase in the capital of the bank to $200,000, which increase has been paid in full. The controller states that the bank is now in a perfectly solvent condition, with an unimpaired capital, and resumes business under most favorable aupices


Article from The Clarksburg Telegram, April 15, 1904

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When seen by a representative of the Leiegram Wednesday, Mr. Robinson said "The closing of the Traders National Bank was one of the unpleasant duties incident to the position of a National Bank Examiner. It was a duty I was obliged to perform. Every act of the Comptroller of the Currency, and myself as a representative of his office, has been in the interest of the depositor and I am glad to state that all depositors will be paid in full with legal interest. "I desire to thank the debtors to the bank, who responded so promptly to my call for what was due the bank. The fact that I pressed payment and the public responded to the amount of $300,000 enabled the bank to reorganize and open. The receiver does not collect on per centage, as some people think. Not a suit was brought. not a business suspension resulted from my persistent ef. forts to collect. I was careful to hurt no one, but always anxious to protect every interest of the depositor. "I leave the bank in good hands and with available funds to meet any deI mands that will be made upon it. am glad of the reopening of the bank and leave your city for Pennsylvania to engage in my work as Examiner. "I want to thank the press of the city for the very considerate way in which they have spoken of the bank during the receivership. and the uniform courteous treatment to me personally."


Article from The Irish Standard, April 16, 1904

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Bank Allowed to Reopen. Washington, April 14.-The comptroller of the currency authorized the Traders' national bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2, 1904.


Article from The Star, April 20, 1904

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Clarksburg Bank to Reopen. The Comptroller of the Currency authorized the Traders National bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2, 1904. The board of directors has been reorganized and increased and the stockholders have authorized an increase in the capital of the bank to $200,000, which increase has been paid in full. The comptroller states that the bank is now in a perfectly solvent condition.


Article from Perrysburg Journal, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. B1-Union Trust, Boston; $1,600,000. Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000.... W. B. Mack, New York.


Article from The Bourbon News, January 6, 1905

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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches st Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. 1-McGruder (Tex.) Citizens' Nat. bank. Id-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. 1-Union Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4--Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.


Article from Middlebury Register, January 6, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.