Article Text
In Hands of Receiver. The controller of the currency was advised today of the suspension of the First National Bank of Friendly, W. Va., with a capital of $25,000. R. D. Garrett has been appointed receiver.
23053. First National Bank (Friendly, WV)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 5814
- Charter Number
- 5814
- Start Date
- July 27, 1908
- Location
- Friendly, West Virginia (39.516, -81.059)
Metadata
- Model
- gpt-5-mini
- Short Digest
8080976a
Response Measures
None
Receivership Details
- Depositor recovery rate
- 89.0%
- Date receivership started
- 1908-07-25
- Date receivership terminated
- 1911-05-01
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 16.5%
- Share of assets assessed as doubtful
- 50.4%
- Share of assets assessed as worthless
- 33.0%
Description
Multiple July 1908 dispatches report First National Bank of Friendly, W. Va., suspended and R. D. Garrett (or R. S. Garrett in one OCR variant) appointed receiver (Comptroller notified July 27, 1908). Later reporting (Dec 1908, Jan 1909) documents receiver litigation and conviction of cashier E. L. Morgan for misappropriation, indicating bank-specific adverse information caused failure. No contemporaneous reports of a depositor run or reopening.
Events (6)
1.
May 15, 1901
Chartered
- Source
- historical_nic
2.
July 25, 1908
Receivership
- Source
- historical_nic
3.
July 27, 1908
Receivership
- Newspaper Excerpt
- R. D. Garrett has been appointed receiver.
- Source
- newspapers
4.
July 27, 1908
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank suspended after internal malfeasance/misappropriation by cashier (later reported E. L. Morgan charged with wrecking the bank).
- Newspaper Excerpt
- the suspension of the First National Bank of Friendly, W. Va., with a capital of $25,000. R. D. Garrett has been appointed receiver.
- Source
- newspapers
5.
December 2, 1908
Other
- Newspaper Excerpt
- Receiver Garrett, of the defunct First National Bank, of Friendly, W. Va., ... has instituted suits ... to wind up affairs of the defunct bank.
- Source
- newspapers
6.
January 22, 1909
Other
- Newspaper Excerpt
- Elbert L. Morgan charged with wrecking the Friendly, W. Va., First National Bank ... sentenced five years ... bank ... is now in the hands of a receiver.
- Source
- newspapers
Newspaper Articles (15)
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FRIENDLY BANK GOES TO THE WALL Comptroller of the Currency at Washington is Thus Advised. WASHINGTON, D. C., July 27 The Comptroller of the Currency was advised today of the suspension of the First National Bank, of Friendly, W. Va., with a capital of $25,000.
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Bank Was Suspended. Washington, July 27.-The comptroller of the currency was advised to-day of the suspension of the First National bank of Friendly, West Vs with a capital of $25.000. R. D. Garrett has been appointed receiver.
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RECEIVER FOR WEST VIRGINIA BANK. Washington. July 27.-The Controller of the Currency was advised to-day of the suspension of the First National Bank of Friendly, W. Va., with a capital of $25,000. R. D. Garrett has been appointed
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WEST VIRGINIA BANK SUSPENDS, Washington, July 27.-The comptroller of the currency was advised today of the suspension of the First National bank of Friendly, W. Va., with a capital of $25,000. R. D. Garrett has been appointed receiver.
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BANK SUSPENDED. Washington, July 27.-The First National Bank of Friendly, W. Va., with a capital of $25,000, suspended today. R. S. Garrett is receiver.
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West Virginia Bank Suspends. WASHINGTON July 27.-The comptroller of the currency was advised today of the suspension of the First National bank of Friendly, W. Va., with a capital of $26,000. R. D. Garrett was appointed receiver.
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News of the Day. The Interstate Commerce Commission will at once begin an investigation of the freight-rete situation. Captain Baldwin will receive $6,750 from the government if his tests at Fort Myer are satisfactory. Hydrophobia caused the death of James Phillips, of New York, months after he was bitten. "Count" Von Helden was sentenced at New York yesterday to hard labor at Sing Sing for bigamy. Philip Uhler, 68 years old, 902 Compton street, Baltimore, ended his life by firing a bullet it his head yesterday. The First Nst onal Bank of Friendly, W. Va., has suspended, and R. D. Garrett has been appointed receiver. Recruiting officers at Washington have been ordered not to enlist former nation. al guardsmen unless they can show that they have been honorably discharged. The grand jury of Kings county, N. Y., is expected to bring in a presentment characterizing the racetracks as disorderly resorts. At the seventeenth Universal Peace Confe nce which assembled in Lond yesterday, sixteen countries are represented. "Nan" Patterson, the former chorus girl, acquitted of a cab murder, was made to leave Pittsburg yesterday because she had lured a married man there. The president has called Secretary Wright to Oyster Bay to take up the case of the eight West Point havers which it is thought had been settled. New York republican party leaders refuse to discuss Governor Hughes' declaration that he will run again, and it is said be may decide to become an independent candidate. While arguing with Stephen Pierce because the latter, it was alleged, was keeping a COW in a yard in violation of the town ordinance, Charles Haywood, one of the town commissioners, dropped dead of heart disease at Rehoboth, Del. According to a decision by the interstate commerce commission shippers may combine small quantities of freight of various owneship, either by arrangement among themselves or through the medium of a forwarding agency, and ship the combined lot at the relatively lower rates applicable to large shipments. George W. Abrell, a blacksmith, and well-known resident of Slanesville, Hampshire county, W. Va., has been arrested by Sheriff Johnson, of that county, charged with murdering J hn B. Chapman, the wealthy Winchester lumberman and merchant, and was taken to the county jail at Romney to be held for the next term of court. Baltimore and the country for 25 miles around it were deluged with such a torrent of rain yesterday morning between 6:45 and 8 o'clock that the tracks on some of the railroads were washed out, traffic was stopped, vegetation in the country was beaten down to the ground and the water in some of the streams emplying into the Patapsco rose 88 high as ten feet. William J. Bryan arrived in Omaha At from Obicago yesterday evening. the station he WAS met by a committee representing the Knights of Ak-Sar-Ben, a secret order of Omaha business men, who gave him a banquet and later initiated him as a member. Organizations of business men received him and escorted him to an improvised stand where he made an address and held A public reception. He attacked the republican platform and leaders and declared that his platform advocated needed reforms. For days in the city of Washington an agent of the Burean of Immigation, acting under instructions from the Department of Commerce and Labor, has been investigating affairs in the section below the avenue. Three women, all aliens, who came under the ban of the federal law, living between] Eleventh and Fourteenth streets, were arrested by Inspector George Baldwin, of the Bureau of Immigration. What the charge against the women will be when brought into court this morning is unknown, but it is said they are illegally in this country and that under a clause of the law they will be deported to their native land.
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NATIONAL BANK BROKE. Washington, July 27.-The comptroller of the currency was advised today of the suspension of the First National bank of Friendly, W. Va., with a capital of $25,000.
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Telegraph Brevities CHOLERA KILLS MANY-St. Petersburg, July 27.-Eight additional deaths from cholera have been reported from Tsaritsyn and seven from Astrakhan. HALL IS DESTROYED-Spokane, Wash., July 27.-The Auditorium at Coeur d'Alene, Idaho, owned by several secret societies of the city, was destroyed by fire early this morning. KILLED BY TRAIN-Sacramento July 27.John Toplin, a blacksmith, while trying to steal a ride on a train near Galt yesterday, lost his hold and was ground to death under the wheels. MILLIONAIRE DROPS DEADShelbyville, III., July 27.-T. F. Dove, a millionaire attorney and democratic politician of southern Illinois, dropped dead at his home here today, aged 62 years. NATIONAL BANK SUSPENDSWashington, July 27.-The comptroller of the currency was advised today of the suspension of the First national bank of Friendly, W. Va., with a capital of $25,000. ATTORNEY SHOOTS HIMSELF-Lead, S. D. July 27.-A general breakdown in health led Thomas L. Redton, former city attorney, to blow out his brains today. He was 60 years old and an active war veteran. TROOPS GO TO CHEYENNE- St. Paul, Minn., July 27.-Tomorrow troops E. F and H, Fourth cavalry, will leave Fort Snelling by rail for Dates creek. Wyo., whence they will make a maneuvering camp near Cheyenne. PEACE CONFERENCE ASSEMBLESLondon, July 27.-The seventeenth universal peace conference, organized by the Society of Friends. assembled at Canton hall here today. Over 100 societies in 16 different countries are in attendance. GEOGRAPHICAL CONGRESS OPENS-Geneva, Switzerland, July 27.-The International Geographical congress was opened here today by Dr. F. Brennes, president of the Swiss republic. Among the speakers was Professor Davis of Harvard university. TO FIGHT RUM IN ENGLANDSpringfeld, 0., July 27.-Rev. E. O. Dinwiddle of this city, legislative superintendent of the national antisaloon league, has accepted an invitation to conduct a parlimentary campaign in England for local option after the American plan. NAVAL OFFICER UNDER THE KNIFE-Philadelphia, July 27.-Commander Charles H. Harlow, U. S. N., commandant of the Guantanamo naval station, who arrived here yesterday on board the cruiser Tacoma, underwent an operation today for appendicitis. The operation was pronounced successful. DIES BY GAS MYSTERIOUSLY-Chicago, July 27. Robert E. Bradley, secretary of the transcontinental freight bureau, was found dead in his gas filled bedroom by his wife today. Bradley was ill, but whether his death was accidental or self-inficted is not known. ENJOIN COUNTY INVESTIGATION-Cincinnati, July 27.-The legislative investigation of the public offices and officials of Hamilton county was stopped today by a decision handed down by the circuit court. Three judges joined in the decision that the committee is illegal. PIONEER DROPS DEAD-Tacoma, July 27. J. G. Weller, aged 74, a pioneer of Stellacoom, locating there in 1869, dropped dead today just outside of the grounds of the Fannie Paddock hospital, where he had been nearly a month under treatment for heart disease and dropsy. BODY OF GIRL UND-Portland, Ore., July 27.-The body of Miss Theta Stephens, the young woman who was drowned while boating yesterday. was recovered today. Miss Stephens was a student of Whitman college, Walla Walla, and was spending her vacation with her parents in this city. MANUFACTURER INSOLVENT - Cologne, July 27.-F. W. Raub, the largest cutlery manufacturer of Solingen, is insolvent. it was announced today. as the result of the failure of the Solingen bank of Solingen, whose formal bankruptcy was declared July 20. Rauh's assets are said to exceed his liabilities by $125,000. ACCIDENTALLY DROWNED-Biggs, Cal., July -Samuel H. Cherry, a hay presser, formerly of Lewiston, Utah, was accidentally drowned yesterday while bathing in Butte creek. The body was recovered. He was 29 years of age and leaves a family residing in Gridley. MOB ATTACKS STRIKE BREAKERS-Elgin, III., July 27.- streetcar manned by 18 nonunion men, the first car run since Saturday. was attacked by a mob of strike sympathizers here today. Every window in the car was broken and several of the crew were hit by missiles. The car was returned to the barn under police guard.
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Friendly Bank Suspends. Washington D. C., July 29.-The comptroller of the currency was advised today of the suspension of the First National bank of Friendly, W. Va., with a capital of $25,000.
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Senor Creel, the Mexican ambassador, has presented to the state department a strong appeal from the Mexican government to that of the United States for the latter's co-operation in the work of suppressing bands of revolutionists which for a number of weeks have been making raids on Mexican territory, from the American side of the line. It is probable that additional American troops will be stationed along the borden, and in the meanwhile the governors of Texas and Arizona are being urged to redouble their exertions to prevent a recurrence of such raids. The comptroller of the currency was advised of the suspension of the First National bank of Friendly, W. Va., with a capital of $25,000. R. D. Garrett has been appointed receiver. Assistant Secretary of State Bacon has left Washington for San Juan, P. R., to make an investigation into the holding of certain property by the United States which has been in dispute between the government and the Catholic church. The sultan of Turkey, through the Turkish consul-general at New York, Mundji Dey, has proclaimed general amnesty to all political fugitives, regardless of race, in this country. This relates to about 200,000 Armenians and others in the United States. From the summer headquarters of the Italian embassy in Massachusetts, Baron Mayor des Planches, in a note to the state department regarding the recent occurrences at Natalbany, La., where there has been a clash in which Italians were involved, expresses the hope that everything will be done to insure the due course of law and order. The ambassador's note has been referred to the solicitor's office of the state department for appropriate action. The United States cable ship Burnside, sailed from Seattle for Manila to repair the government cables, work to commence with the Cordova loop of the Valdez Seward cable.
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NEWS SUMMARY Forest fires in the vicinity of Taft. Mont., have caused damage of at least $15,000. The First National bank of Friendly, W. Va., with a capital of $25,000, has closed its doors. A young farmer near Paris shot and killed his parents. He was refused funds to buy drink, hence the tragedy. Dynamite was used to kill a fortyfoot finback whale which entered a salmon trap at Smallpox bay, San Juan island, says a Bellingham, Wash., dispatch. A general breakdown in health led Thomas L, Redlon, former city attorney of Lead, S. D., to blow out his brains. He was 60 years old and a Civil war veteran. Acting under orders of the board of health, sixty policemen have been busy for days killing every dog that is found running at large without a muzzle in New York City. Four years ago Robert Perry disappeared from Southington, Conn., with $5,000 in his possession. His skeleton was found last week. His wife is under suspicion of the murder. Robert Walsh of Payette, Kan., and Plato Brock of Bozeman, Mont., were killed on a ranch near Bozeman while moving a derrick, which came into contact with a live power wire. Both were ranch hands. Red ants crawling into the eyes, ears, nose and mouth of the little three-year-old daughter of Tonie, a Kiowa Indians, living near Anadarka, Okla., inflicting wounds from which the child died later. James H. Budd, former Governor of California and long prominent in Democratic politics, died at his residence in Stockton on July 30, after an illness of a fortnight, of uraemia He was 58 years old. The Chineses steamer Ying King, engaged in the passenger trade, foun dered during a typhoon. Three hun dred Chinese are known to have been drowned. Only twelve of those on board were rescued. Cholera that has made its appear ance in Russia this year is most virulent. According to investigations made by a distinguished medical au thority, the sanitary conditions in the Volga towns are horrible. There is bad news from the French Congo, where a factory in the Naua district has been destroyed by the na tives. In the Sangha district twenty soldiers. who were engaged in tax col lecting, have been murdered. "Tad" Smith, a negro boy 18 year old, charged with criminal assault or Miss Viola Delancey of Clinton, Hun county, Texas, after being identified by the young woman, was tied to a stake by a mob and burned to death Robert S. Bradley, secretary of the transcontinental freight bureau, was found dead in his gas-filled bedroom in Chicago by his wife. Mr. Bradie was ill, but whether his death was ao cidental or self-inflicted is not known A summary of reports received from two hundred correspondents on har vest conditions in the Canadian wes showed 90 per cent of the wheat will have passed the blossom stage fron well. August 15 to 20. The grain is filling William Iliver, a young aeronaut o Mason, Mich., was killed while mak ing a parachute drop. Just as the par achute filled the strings of one sid snapped and the aeronaut droppe 2000 feet, to his death, the parachut trailing a useless rag, after him. The interstate commerce commis sion has issued a statement to the et fect that without waiting for filing o complaints it will institute an inves tigation on its own motion for th purpose of determining whether ad vances in freight rates are justified. Walter Goodwin, a farmer, wh at the last term of the county cour gave the names of seven men who with himself composed a "night-rider squadron at Central Furnace, Ky was shot from ambush and seriousl wounded town. while returning home fron A reorganization of the Pope Manu facturing company was effected las week. The new capitalization will b $2,500,000 preferred stock and $4,000 d 000 of common stock. The new com pany will purchase the factories a 11 Hartford, Mass. Conn., and at Westfield The government department o commerce and labor has begun th work of gathering data in regard t st e the timber resources of the country and will soon have full information a to to how much standing timber there I in located. the United States, and where it I xt Stegmund Friedberg, the Berli-
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RECEIVER SUES ON NINE NOTES. Prominent Men Defendants in Civil Action By Receiver of Defunct Bank. PARKERSBURG, W. Va., Dec. 2.Receiver Garrett, of the defunct First National Bank, of Friendly, W. Va., the bank alleged to have been wrecked by Cashier E. L. Morgan now in jail here has instituted suits in the United States district courts on nine promissory notes ranging in amounts from $200 to $2,000. The af. fairs of the defunct bank are to be wound up at once. The defendants of the suits are all prominent residents of this section of the State.
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Elbert L. Morgan charged with wrecking the Friendley, W. Va., First to National Bank, was sentenced five years in the State penitentiary by Judge A. G. Dayton in the UnitLed States Court at Parkersburg, W. Va. The indictment against Morgan charged him with misappropriating $5,000. The bank of which he was the cashier is now in the hands of a receiver.