23123. Bank of Weston (Weston, WV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 1, 1932*
Location
Weston, West Virginia (39.038, -80.467)

Metadata

Model
gpt-5-mini
Short Digest
0a5d5f19

Response Measures

None

Description

Articles (July 19–20, 1932) refer to the Bank of Weston as a closed bank with receivers appointed; petitioners sought mandamus against the state banking commissioner and the receivers to recognize claims as preferred. No article describes a depositor run. Therefore this is a suspension/closure with receivership (government action).

Events (2)

1. July 1, 1932* Receivership
Newspaper Excerpt
mandamuses compel R. Charter, Jr., state banking commissioner, and receivers for the closed Bank of Weston and the closed Bank of Fayette to recognize certain claims as preferred claims.
Source
newspapers
2. July 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank had been closed and receivers appointed by the state banking commissioner, prompting petitions and mandamus actions to recognize preferred claims.
Newspaper Excerpt
applications for writs and petitions for rehearings... mandamuses compel R. Charter, Jr., state banking commissioner, and receivers for the closed Bank of Weston
Source
newspapers

Newspaper Articles (2)

Article from The Charleston Daily Mail, July 19, 1932

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Article Text

SUPREME COURT IN SPECIAL TERM Two-Day Session Is Called to Hear Petitions and Writ Requests The state supreme court opened a two-day special term Tuesday to pass upon applications for writs and petitions for rehearings. The court will be session Wednesday to hear arguments on two applicat for mandamuses compel R. Charter. Jr., state banking commissioner, and receivers for the closed Bank of Weston and the closed Bank of Fayette to recognize certain claims as preferred claims. One of the petitions was filed by H. Puffenbarger, guardian for Andrew E. Puffenbarger, Jr., an infant, ho set out that $862.01 paid Puffenbarger by the United States government as compensation for the death of Andrew's father, while in the army, had been deposited in the bank prior its closing. Although the money belongs to the government, the petition sets out, until it is paid to the beneficiary, the banking commission. and refuse to recognize the claim as preferred one. The other petition. similar case, was filed by Willie Clifton Tompkins. of Fayetteville. guardian for Willie Clendenin, against Mr. Charter and E. L. Marrison, receiver for the Bank of petition also was filed with the court for review the Wayne court action of Logan Spencer against the Camden Fire Insurance association. petitioner. in which the lower court had awarded $600 in suit to collect on fire policy The court began its deliberations on the pending petitions for writs and rehearings immediately after leaving the bench. It expected to pass upon most of them Tuesday afternoon. MARRIAGE LICENSES William J. Tully, Eloise McGraw.


Article from The Charleston Daily Mail, July 20, 1932

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Article Text

BANK RECEIVERS CASE IS ARGUED Three Petitions Allowed and Three Refused by Supreme Court Arguments on two mandamus actions against L. R. Charter. Jr., and the receivers for two closed banks were heard Wednesday by state supreme court. on the concluding day of its two-day special term. Both petitioners seek to require Mr. Charter the of the Bank of Weston and Fayette recognize certain claims as preferred claims. One of the petitions was filed by guardian of Puffenbarger: other by Willie Clifton Fayetteville, the guardian of Willie Three reviews were allowed and three others were refused by court. Reviews allowed Kanawha Pierson, which of had been awarded the plaintiff injuries suffered an automobile accident. Lincoln of education the Guyan high school ceived appeal in case by Holton. claimed due him under contract. The lower, entered judgment for $833.50 for Holton. Marion Lawrence A. Cather and Larry defendants an action entered Dominick Greco due on note: appeal allowed from lower giving Greco. Cabell Balley. Bailey and Smith, petitioners, against the Hans Watts Realty company. which court awardthe plaintiffs, claimed they were ousted from leased They claimed the judgment was insufficient. Reviews refused were: Kanawha Fuel Gas company against and Osborne: Ritchie Bolinger against Geneva Cunningham: Motors company against Coal Street Motor company. The court also refused rehearing Lilly others Lincoln Finance company and G. Hedrick.