1.
December 1, 1930
Des Moines Tribune
Des Moines, IA
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'DULL' WINTER DUE TO HABIT
Housing Expert Says Construction Should Continue.
WASHINGTON, D. C. (P)Habit alone, department of commerce experts believe. keeps many men jobless during the winter. Many builders think construetion is impracticable during winter and Taylor bureau of standards housing ex pert out 'explode' the and help employ trouble is chiefly in the attitude winter. he asserted "and production clear snappy winter day does not suffer by comparison with that of hot sultry day in August Twelve-month building schedules help practically everyone in the industry, he observed. with large savings for owners through winter Said Taylor: "The usual decrease of construction in winter is chiefly matter of habit. not of climatic conditions. We find construction dropping off in warm southern about the same time in the fall that it does in northern states. deposits $250,000; Johnston City State bank. deposits close to $1.and Rock Grove State bank, deposits
ONE IN VIRGINIA.
The bank closed by order of the state banking department. County officials approximately $25,000 of county money on deposit was protected by bond.
Chatham Savings one of the oldest financial institutions in Pennsy Ivania county. failed to open for business Monday The bank was capitalized at $100,000.
Last chance enter The Des Moines Sunday Register S1 000 contest. Sunday Register.
2.
December 2, 1930
The Des Moines Register
Des Moines, IA
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8 BANKS CLOSE GRAIN MEN FIGHT AND ONE OPENS Merger Negotiations Have Part in
Two Suspensions.
(By The Associated Press.) Eight banks in the United States closed their doors Monday, merger negotiations given as the cause in two instances. One bank reopened after a period of susThe First National bank of Blytheville, Ark., did not open. An announcement said it had closed "pending a merger with the Farmers Bank and Trust company At Stephens, Ark., the Peoples bank suspended for five day period. Officials said the closing was for reorganization or possible consolidation with the Bank of Stephens
Three State Banks Close.
Closing of three state banks in Illinois was reported to State Auditor Oscar Nelson at Springfield The banks were the Johnson City State bank, the Rock Grove State bank and the Marine Trust Bank of Carthage A Marion III., dispatch said the Marion First National bank had closed. The action was taken it was reported to protect depositors against heavy withdrawals At Chatham Va., the Chatham Savings bank. one of the oldest financial institutions in Pittsylvania county failed to open for business The bank. capitalized at $100,000 was closed by order of the state banking department.
One Connecticut Closing. Distribution of Christmas club checks totaling $30,000 was halted when the Central Fairfield Trust company of Norwalk, Conn., was suspended by means of restraining order issued by state bank commissioner The bank's difficulties, the commissioner indicated. were largely the result of heavy shrinkage in commercial deposits which forced liquidation of quick The New Albany American Bank and Trust company at New Albany Ind. reopened after having been closed since Nov. 20.
3.
December 2, 1930
Tulsa World
Tulsa, OK
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The bank withstood heavy runs Friday and Saturday. Directors of the Johnson City bank said their decision to close was in anticipation of run because of the situation in Benton and Marion. The other banks that failed to open today in widely separated were the State Bank of Rock and the Marine Trust bank of Carthage.
INDIANA BANK RESUMES OPERATIONS NEW ABBANY. Ind., Dec. 1 (A. P. New Albany American Bank and Trust company reopened here today after having been closed November 20. It was closed by directors sufeguard its resources after financial conditions here were disturbed by series of bank closings in Kentucky.
CHATHAM. VA BANK IS CLOSED The Chatham Savings bank one of the oldest financial institutions in Pittsylvania county, failed to open for business today. The bank was capitalized at 000 note pinned to the door said the bank was closed by order of the state banking County officers said approximately $25 000 of county money on deposit was protected by bond.
ANSAS BANK SUSPENDED
The Peoples bank here suspended today for five day period. Officials said the closing was for or possible dation with the bank of Stephens. for the proposed merger are in progress, it announced.
4.
December 5, 1930
News and Record
Greensboro, NC
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RECEIVERS NAMED
Will Handle Affairs of Defunct Chatham Savings Bank.
(Special Daily News) Danville, Dec. -William H. Carter. trust officer of the AmerIcan National bank. of this city, and Nathaniel E. Clement. Pittsylvania attorney, have been named receivers for the Chatham Savings which failed to open Monday The was made by Judge Henry C. Leigh, of Danville. sitting for Judge Turner Clement, of Chatham, who said he owned stock in the bank Each receiver will receive as fees $25,000. They have taken over the affairs of the bank.
5.
April 11, 1931
The Bee
Danville, VA
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NEW DEVELOPMENTS IN CASE JONES REVOLT SPREADS AZORES JURY PROBES TO CHARGES MADE BLOCKADE Caswell Woman, 104, III DURING TRIAL For First Time In Life ORGANIZE NEW ESTABLISHED; Special Inquiry Into Slay(Special to The Bee) CARTER April ing of Malinda Caswell coun- PORTS man oldest living person this section, seriously home Whose Death, Negro
Receivers Make No Comment Relative to Depositors' Proposed Action
Receivers for the Chatham Savings bank had no make today when asked statement relative to the movement launched by its depositors to buy bank with purpose of reorganizing The receivers have received copies of the petition which directed the judge of Pittsylvania Circuit court but until they have studied they will have nothing to say. Some comment. however, may made during the course of next week. Ninety cent of the depositors per are represented in the petition to the court which signed chairman the committee 30 which has been endeavoring to store some order out of an admittedchaotic condition which bank's affairs were found after it had suspended operations committee in its petition alleges on behalf of the people repfor the assets of the resents pay Chatham bank such reasonas may ascertained sum and to all parties in interjust est after proper appraisal the assets by the court. provided the sum ascertained not excess the maximum approved the banking division of the state commission of Virginia The petition states that appears from the in that the Chatham Savings bank the beneficiary large number deeds of trust on real estate; that (Please turn page col.
Portuguese Insurrection Movement Grows More Serious With Islands Involved
LISBON Portugal, April decree establishing blockade and closing the ports the islands Sao Miguel and Terceira in the Azores published today by the Portuguese government. The decree was the first official admission that the revolt which began had ago apread the other eastern Atlantic Archipelago owned by Portugal The principal city in Bao largest of the Azores, Ponta gada, while Angra do capital of the Amores. the principal city on Terceira The garrisons both places Thursday sen: Lisbon that they severing lations with the government. The expeditionary force sent the Funchal Porto the islands of the group and about miles of Madeira. which Funchal They establishing there for the campaign Funchal Colonel ficer the garrison on the Island Fayal, has reported the observed trenches being dug places around Funchal and 8.5 centimeter guns being the hillsides about city early this said he believed the island to almost Noronha was aboard the steamer Araujo. which detained by the rebels when put in there Some cattle and in its con. fiscated before the ship was allowed to proceed. Colonel escaped by below deck most of the time the vessel port
6.
June 6, 1931
Danville Register and Bee
Danville, VA
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APPROVE PLANS
County Resolution Giving Official K.
Approval of the county Board Supervisors was the ganization put forward by positors defunct Savings Bank meeting of the in Chatham The board adopted resolution formally placing record proving plan to bank authorizing the county torney cooperate organielected by the positors last April. The follows in cember, 1930, the Chatham Savings Bank suspended payment doors closed by entered the State Virginia and subsequently ceivers appointed for bank are now engaged ministering the assets thereof under the court: and Whereas, time said pension the the bank was the board supervisors Pittsylvania county. approximately the sum hundred thousand dollars: and Whereas, the time of said suspension, board held security payment of debtedness various and sundry gotiable of various and sundry and chose actions, stocks and bonds, and ceded preferencial debt. secured collateral held in due course: Whereas, most of said still owing unpaid and the board holds collateral securing the same: and Whereas, the ninth day of committee depositors bank filed petiin the circu(s) gourt of Pittsylcounty forth plan which they organize medium the bank assets the the (Please Turn
7.
August 3, 1931
The Richmond News Leader
Richmond, VA
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Bank Receivers To Get Hearing
The News N. E. Turnbull. of Lunenburg county, sitthe Pittsylvania circuit court at Chatham, heard further testimony in support petition filed by depositors the Chatham Savings bank which failed several months ago and which seeks permission for The court set Aug. 15 as the date which receivers appointed liquidate the bank, William H. Car. ter E. Clement, will be called to testify.
The News Leader covers Richmond like
8.
August 5, 1931
The News and Advance
Lynchburg, VA
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Pittsylvania Treasurer Sues Bank's Receivers
E. Ramsey. Pittsylvania county treasurer suit filed in federal court here the payment of from Chatham Savings Bank, W. H. Carter and receivers and the United States Fidelity and Guaranty Company Ramsey charged the amount asked the balance public moneys on when the bank closed 1930. The proceeding was filed transferred from Pittsylvania circuit court.
COLEMAN SLIGHTLY BETTER Claude Coleman, 18, route three. lingers at Lynchburg Hospital sufferbullet wound in the abdomen inflicted at Altavista Monday by Chief of Police Smith Coleman's chancto recover are slightly better than they Monday grave condition hospital authorities said.
RISKO BEATS CHRISTNER. Cleveland, Ohio. August Hitting his opponent almost will, Johnny Risko. Cleveland, tonight wor. twelve round decision Meyer (K. O.) Christner of Akron. Risko's victory evened up for loss their only previous encounter when Christwas declared winner on foul and Risko was fined $1,000 for butting.
GAS RECEIPTS LARGE The shipment gasoline ever received in Lynchburg during gle month was reported today for July the department of health. Eighty-five cars of gasoline making total of gallons were shipped into the city during the month. This eclipsed the mark last month which was 84 cars.
9.
August 5, 1931
The Roanoke Times
Roanoke, VA
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Round About the Old Dominion
Covington Data Soon Available Covington. industrial data and information on Covington as a site for industrial location will soon be in the files of industrial engineers of the entire Atlantic seaboard and west to Chicago, according to policy now being put into effect by the Covington Chamber of Commerce. Industrial engineering firms that select their own sites will be supplied with this information in full, according to B. C. Moomaw, secretary of the Covington Chamber of Commerce.
Named Forest Ranger. Lynchburg. -Appointment of L. R Smith as forest ranger of Glenwood district on Natural Bridge national for- est was announced Monday by H. M. Sears, forest supervisor. Mr. Smith succeeds Clare Carr, who has been transferred to Alleghany national forest in Pennsylvania, For three years Mr. Smith has been in charge of the Cheat River district of Monongahela national forest. Prior to then he served at Pisgah national forest, North Carolina, and he has also worked in western forests He is graduate of Pennsylvania State Forest School. ward. Miss Bickerman's head struck the top of the car.
Bank Receivers to Testify. Danville.-Judge N. E. Turnbull, of Lunenburg county, sitting the Pittsylvania circuit court at Chatham. heard further testimony in support of petition filed by depositors of the Chatham Savings bank which failed several months ago and which seeks permission for reorganization. The court set August 15 as the date on which receivers appointed to liquidate Waynesboro Girl Sustains Fracture. the bank, William H. Carter and N. E. Staunton.- Miss Mary Bickerman, 25, Clement, will be called to teacify. of Waynesboro, is in Staunton hos- pital where it was discovered she is Seek Beetle in Augusta, suffering from fractured skull. SunStaunton- scouts of the United day afternoon Miss Bickerman was returning in an automobile from Massa- States Department of Agriculture, plant netta Springs, where she had attended quarantine and control administration, the meeting as member of picnic in cooperation with the appropriate authorities of the state of Virginia, beparty of friends from Waynesboro. Between Harrisonburg and Staunton, it gan scouting operations for the Japwas said, the machine hi. hip in the nese bectle in Staunton on August One crew of foreman and three scouts pike, the occupants being thrown for-
10.
August 11, 1931
The News and Advance
Lynchburg, VA
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Chatham Bank Suit Moved To State Court
An opinion handed down Judge Henry Clay McDowell United States district court remand to Pittsylof county against Chatham Savings and the United Fidelity and GuarInc. Ramsey recover which alleged represented public moneys deposit when Chatham Savings Bank was ordered closed December an out of state concern the fidelity the federal for In returning the circuit Judge that only the fidelity company was entitled ask for hearing in federal court and since the other defendants must be heard the same time have tried in circuit court.
11.
August 12, 1931
The Richmond News Leader
Richmond, VA
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Chatham Bank Suit Remanded
(Special to The News Leader.)Judge H. C. McDowell in the federal district court here has remanded the suit of W. E. Ramsey, treasurer of the county of Pittsylvania, against the Chatham Savings Bank, its ceivers. Carter Clements the United States Fidelity and Guaranty Company back to Pittsylvania county for trial. The suit was moved here by fidelity company. Baltimore corporation, but Judge held that the company was the only which had the right of removal, as the case would have to be together would have to go back to court
12.
September 17, 1931
The Bee
Danville, VA
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rico County Court.
Charging that the Virginia Klan owes the sum $2,900, which rowed for the alleged purpose defeating the Short Ballot in 1928 and the candidacy Alfred Smith in the same year. receivers for the funct institution have instituted suit Henrico Circuit Court against Baskin, who said to have the Grand Dragon of the organization, for the recovery of the amounts the bank. The suit was to have been heard before said that an regarding the filing date on the pers made by court officer interfered maturity, but refiled and come up for hearing October that the first that Klan sued Virginia, claimed that the money from the bank the distinct that not the Grand Dragon for the the loan but that the knights and jointly ble This taken judgment confessed the members the legal will have and their to known In the been filed the court the suit conthem subject the note running dat October this also note dorsed by Baskin, while the which for $1,000. and payable the the Chatham Savings Bank receivers, William Carter and Clement thus claim that the Ku Klux Klan owes the bank of $2.900 with certain interest charges. While the notes in question bear the date the year 1930 two years after the ballot and presidential by the ceivers that funds for the purpose charged borrowed that (Please turn to page col.
13.
September 18, 1931
Danville Register and Bee
Danville, VA
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RECEIVERS VA. KLAN
Action Charges Ku Klux Borrowed $2,900 to Defeat Al Smith been instituted against Virginia Ku Klux Klan by eeivers for the defunct Chatham Savings Bank, who charge that the organization owes them $2,900 borpurpose of defeating ballot in and the canSmith for the presidency The suit, which was filed in the Henrico county court named Baskin, said to have been the Grand Dragon the Klan the time. The action seeks to recover the money which the claim owed the defunct bank by the Virginia Klan. The suit was to have been heard before said that error regarding the filing date the made by court officer interfered with its maturity, but has been refiled and will come for hearing on October 5th. believed that the first time that the Klan has been sued it is claimed that the Virginia, borrowed from the bank money with the distinct understanding that not only the Grand Dragon liable for the repayment of the but that the knights themselves were to severally jointly liable. This is taken mean that unless judgment confessed in the Henrico circuit court members of the organization under legal necessity will have to be unmasked and their Identity will have to become known. In the notice of motion which have been filed in the court the suit conthree notes. One of them dated September 17, 1930, for subject to credit of $100, the note running ninety days; another dated. October 1930, for this being ninety-day note and dorsed by Baskin, trustee, while the third note, which is similar, also for and payable to the order of the Chatham Savings Bank. The receivers. William N. Carter and Clement thus claim that the Ku Klux Klan owes the bank the of $2,900 with certain interest
14.
September 18, 1931
The News and Observer
Raleigh, NC
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VIRGINIANS HEAR ECHO KU KLUX
Bank Receivers Sue On Notes For Money Believed Used Against AI Smith
Danville, Va., Sept. Virginia Ku Klux Klan was charged today in law suit with using money borrowed from the defunct Chatham Savings Bank to defeat Alfred Smith, Democratic candidate for President in 1928, the short ballot advocated by former Governor Harry Byrd. The is specifically for the pur. pose recovering $2900 notes found unpaid by the ceivers appointed for the bank, liam H. Carter and N. E. Clement. Interest at per cent. and 10 per cent. and attorneys' fees also are sought in the action. The action filed in the circuit court of Henrico county and is against Baskin, who alleged have been the grand dragon of the Virginia realm and the Knights of the Ku Klux Klan. In the no tice of motion it is set forth that "when this loan was negotiated the express understanding the Chatham Savings Bank that Baskin and the Knights of the Ku Klux Klan were be both joint ly and severally liable for the pay ment of the loan." If judgment not confessed, may mean the lie revelation of the Klan personnel during the court hearing set for October Baskin alleged to have had the right to negotiate the loan and further charged that the sum now sought in the action the unpaid balance of an original loan of considerably larger amount which has been reduced to the figure stated.' The three notes in question, each for $1000. one of them subject $100 credit, all bear the date of 1930, but the receivers claim that these notes are renewals those contracted during the State and Presidential campaigns of the summer and fall of 1928. The language of the complaint alleging the purpose for which the money was used follows: "The proceeds therefrom (the loan) were used to further the interests of the said Klan in attempting defeat the short ballot proposal the summer of 1928 and to defeat Democratic candidate for the Presidency in the fall of 1928."
15.
October 31, 1933
Danville Register and Bee
Danville, VA
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BANK RECEIVERS ARE
Judge Leigh Rules First National Bank Must Deliver Collateral
Judge Henry Leigh corporation opinion claring that the National Bank Danville, holder note the former Chatham Savings Bank $20,000 secured by the bank's not entitled preferential that the collaeral must be livered to Clement and Carter, of the bank. The opinion effect judgment favor the the former Chatham bank the chancery suit to the che National Bank here are ditor. Judge Leigh has delivered his counsel the case, the decree has not and entered. The First National Bank made the Chatham Savings through its former about year its the suit clear the of the and the signed by president. Counse. for the use of Chatham Savings collateral for the that not and proper that they entitled recover for distribution among the Judge Leigh's this Unless the opinion the the First will take its among the which closed doors 1931. The will impor tant bearing law coporate management in Virginia.