21881. Traders Loan Trust & Deposit Company (Roanoke, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 14, 1897
Location
Roanoke, Virginia (37.271, -79.941)

Metadata

Model
gpt-5-mini
Short Digest
e2d0b07f

Response Measures

None

Description

Articles show the bank stopped taking deposits and faced a petition for a receiver in mid-October 1897; by mid-late November H. T. Hall is acting as receiver and office fixtures are being advertised for sale. No article describes a depositor run; sequence is suspension/cessation of deposits followed by receivership and asset sale (permanent closure).

Events (4)

1. October 14, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Dispute with Lynchburg National Bank over transfer of company's improved real estate; petition filed asking for a receiver and allegations of mismanagement in bill to court.
Newspaper Excerpt
The Traders Bank has promptly paid all checks presented and will continue to do so, but has ceased to take deposits.
Source
newspapers
2. October 16, 1897 Other
Newspaper Excerpt
FOR A RECEIVER. The argument for a receiver for the Traders' Trust Company :will begin today in Judge Dupuy's court.
Source
newspapers
3. November 19, 1897 Receivership
Newspaper Excerpt
H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co.
Source
newspapers
4. November 30, 1897 Other
Newspaper Excerpt
On November 30, 1897... I will proceed to sell at public auction... the following articles of personal property... At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. ... H. T. HALL, Receiver for the Traders' Loan, Trust and Deposit Co.
Source
newspapers

Newspaper Articles (10)

Article from The Roanoke Times, October 14, 1897

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Article Text

THE TRADERS. The Secretary and Treasurer Issues a Statement. Various rumors being in cir ulation yesterday in regard to the finanial condition of the Traders' Loan, Trust and Deposit Company, of this (city, a representative of The Times called at the tank and on inquiring as to the truth of the report that the company had made an assignment, received the following statement from the secretary and treasurer, W. L. Andrews: "The Lynchburg National Bank bought certain stock in the Traders' Loan, Trust and Deposit Company, of J. W. Coon and others, for which. stock they demanded that the bank transfer them the company's improved real estate; but the directors and offiers deeming it contrary to the interests" of depositors to give the company's best assets to the stockholders, leaving the depositors out, declined to comply with the demand of the Lynchburg National Bank. They offered, however, that if the Lynchburg bank would pay an adequate amount of cash on the real estate that the company would ac. cept the stock in part payment. This not meeting with the views of the Lynchburg National Bank they asked for a receiver. The Traders Bank has promptly paid all checks presented and will continue to do 80, but has ceased to take deposits. The officers and directors deny that there has been any intention of making an assignment. Motion for a receiver will be made Saturday morning in Judge Dupuy's court. All "check depositors can get their money." Mr. Andrews was seen later yesterday evening by a Times reporter and said in answer to the rumor that all business had been suspended at the bank, that he had closed business yesterday at the usual hour and expected to continue this morning. The bank had improved real estate in this city, which at the assessor's valuation would fully cover all claims and that there were parties who would be willing at any time to take the assets of the bank and assume all of its liabilities.


Article from The Roanoke Times, October 16, 1897

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Article Text

FOR A RECEIVER. The "argument "for a receiver for the Traders' Trust Company :will begin today in Judge Dupuy's court.


Article from Alexandria Gazette, October 19, 1897

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Article Text

VIRGINIA NEWS. Mrs. Catherine Graninger, of Stafford, died at the home of her son, in Washington, Saturday. Nottoway county yesterday voted against a subscription of $60,000 to the building of the Richmond, Blackstone and Southern Railroad. Miss Blanche Harding, daughter of Mr. E. F. Harding, died Sunday at her father's home near Lance postoffice, in Stafford county, of typhoid-pneumonia, aged 17 years. In the County Court at Woodstock yesterday Judge Newman set aside the verdict of the jury in the case against Dr. Henry H. Irwin and Wm. F. Wilkin for malpractice and awarded the accused & new trial. It is stated the Southern Railway is shortly to erect at Pinner's Point, near Norfolk, one of the largest grain elevators yet built in that section, and that a number of other costly improvements are in contemplation. A great many apples and potatoes are being shipped from Stafford to northern markets, bringing good prices. At this period last year northern apples could be bought, delivered at the depot for $1 per barrel, and potatoes at 30 cents per bushel. A black bear was seen to swim across the Rappahannock, Sunday, at Scott's old mill site, above Fredericksburg. A party of Falmouth hunters, armed with deadly weapons, went in search of the animal yesterday. but no tidings have yet been received as to the result of the hunt. There is some indignation among the white people of Manchester at the appointment of a negro clerk by Postmaster Weisiger. Many Manchester ladies declare that they will not go to the town postoffice for their mail, as they do not care to be waited upon by a colored delivery clerk. There was a personal altercation on the streets in Richmond yesterday afternoon between Mr. L. D. Christian, jr., a well known young man, and Mr. S. B. Adkins, proprietor of a bookbinding establishment. The difficulty is understood to have grown out of a misunderstanding about some business affairs. The thief who picked the pocket of Gen Fitz. Lee in Richmond, on Satur day evening returned everything stolen except $20 in currency. The stolen pocketbook wasplaced in a street news paper box, where it was found yesterday by a letter carrier and delivered to the postmaster. Gen. Lee was sent for and promptly identified his missing property. A footless man was received as a convict in the penitentiary Saturday night. He is Roes Cate, a negro of Washington county, who is to serve five years for breaking into a barroom and steal iog whisky and cigars. The man met with an accident some years ago and both feet had to be amputated just above the ankles. He can get about very well on his knees. In Norfolk yesterday evening R. Finley Cromwell and Robt. L. Shea, memDers of the Norfolk county electoral board, adjudged to be in contempt by Judge Prentis, presented themselves at the county jail, and were taken into custody by Sheriff Cromwell. Both gentlemen ill have comfortable quart era while in jail, where they are under sentence to remain until they obey the order of the court, or until Judge Prentis relents and releases them. A sensation was caused at the Sun day morning service of the Court Street Church, the wealthiest Baptist congregation in Portsmouth, when Rev. A. E. Owen, the pastor, read a letter signed by all of the deacons of the church, except one, asking him to resign the pastorate. The congregation will becalled together next Sunday, at which time a vote will be taken on receiving the resignation. Dr. Owen has been pastor of Court Street Church for twenty-five years. Major J. Hoge Tyler, Senator Thos. S. Martin and Congressman James Hay addressed the democrats of Rocking. ham at Harrisonburg yesterday, and Col. James Lyons and Congressman Jacob Yost spoke for the Lynchburg republican ticket. Major Tyler sustain ed his reputation as a political humorist and delivered an entertaining speech. Senator Martin defended the Chicago platform and prophesied the election of Bryan in 1900. Mr. Hay's speech was confined mainly to State issues. Counsel in Roanoke for the Lynchburg National Bank have filed a bill in the Circuit Court of Roanoke, praying that a receiver be appointed to take charge of and wind up the affairs of the Traders' Loan, Trust & Deposit Company, a general banking institution of the city of Roanoke. The bill alleges that the officers of the bank have SO mismanaged its affairs that it will be a fraud upon the creditors, a fraud upon the public and upon the stockholders to allow it to longer continue in business. JUMPED ON STAGE AND KISSED HER. While one of the Carlisle sisters was singing a kissing song at the Bijou Theatre at Wilmington Del Fridav


Article from The Roanoke Times, November 19, 1897

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Article Text

PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va., I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 standing counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk. 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch. 1 Code of Virginia, 1 lot. bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. 'I. HALL, Receiver for the Traders' Loan, Trustand Deposit Co. 10 room house with six acres of land, four chicken yards and houses, stable and other out buildings. two miles from Terry building, one mile from West End roundhouse. Just the thing for a railroad man. Terms reasonable and cheap. Pedigo-Beller Real Estate Co. MORE CUT PRICES. YOUR HORSES shod all around for S0 cents spot cash at Shaner's Kentucky shop, West Salem avenue. Don't fail to attend the fire sale at Enock's Bazaar. Goods slightly damaged by smoke to be soid regardless of cost. Eureka Camera uses glass plates. Price, $4.00. ROANOKE CYCLE CO., 108 Salem avenue.


Article from The Roanoke Times, November 21, 1897

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Article Text

PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va.. I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 starding counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk. 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch. 1 Code of Virginia, 1 lot bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co.


Article from The Roanoke Times, November 23, 1897

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PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va., I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 starding counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk, 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 3 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste haskets, 1 money tray, 1 envelope rack, 1 check punch. 1 Code oi Virginia, 1 lot. bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co. 10 room house with six acres of land, four chicken yards and houses. stable and other out buildings, two miles from Terry building, one mile from West End roundbouse. Just the thing for a railroad man. Terms reasonable and cheap. Pedigo-Beller Real Estate Co.


Article from The Roanoke Times, November 25, 1897

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WHAT IT MEANS When we advertise that we will guarantee Dr. King's New Discovery, Electric Bitters, Bucklen's Arnica Salve, or Dr. King's New Life Pills, it means that we are authorized by the proprietors to sell these remedies on a positive guarantee, that if purchaser is not satisfied with results, WE will refund the purchase price. These medicines have been sold on this guarantee for many years and their could be no more conclusive evidence of their great merit. Ask about them and give them a trial. Sold at Massie's Pharmacy. PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va., I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 starding counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk. 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch, 1 Code of Virginia, 1 lot. bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co. We pride ourselves on keeping the BEST of everything in our line and in making prompt delivery. Look out for the belled teams. W. K. ANDREWS & CO., COAL AND WOOD DEAL


Article from The Roanoke Times, November 27, 1897

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WHAT IT MEANS When we advertise that we will guarantee Dr. King's New Discovery, Electric Bitters, Bucklen's Arnica Salve, or Dr. King's New Life Pills, it means that we are authorized by the proprietors to sell these remedies on a positive guarantee, that if purchaser is not satisfied with results, WE will refund the purchase price. These medicines have been sold on this guarantee for many years and their could be no more conclusive evidence of their great merit. Ask about them and give them a trial. Sold at Massie's Pharmacy. PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock 'a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va., I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 starding counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk, 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch, 1 Code of Virginia, 1 lot bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co.


Article from The Roanoke Times, November 28, 1897

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# PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem avenue, Roanoke, Va.. I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 standing counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk, 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch, 1 Code of Virginia, 1 lot bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trust and Deposit Co.


Article from The Roanoke Times, November 30, 1897

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PUBLIC SALE OF VALUABLE OFFICE FIXTURES AND FURNITURE. On November 30, 1897, at 10 o'clock a. m. at the office formerly occupied by the Traders' Loan, Trust and Deposit Company, No. 132 Salem averue, Roanoke, Va., I will proceed to sell at public auction, for cash, the following articles of personal property: 1 Farrel Safe with Deposit Boxes, 3 starding counters, railings and doors, 1 roller top desk, 1 flat-top walnut desk. 1 revolving office chair, 1 office stool, 5 chairs, cane bottom, 2 small tables, 1 typewriter, 1 clock, 1 letter press and stand, 1 stove and pipe, 1 map of Roanoke city, 1 pigeon-hole case for checks, 2 carpets, 2 waste baskets, 1 money tray, 1 envelope rack, 1 check punch. 1 Code of Virginia, 1 lot bank supplies, checks, deposits slips, etc., 2 spittoons. At the same time and place I will also sell at public auction the unexpired term of a lease for the offices formerly occupied by the Traders' Loan, Trust Company. The said unexpired term will begin on December 1st, 1897, and continue until May 1, 1898. H. T. HALL, Receiver for the Traders' Loan, Trustand Deposit Co. Go to the Radford Steam Laundry for the Famous