National Bank (Asheville, NC)

View Charter #4094 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
October 22, 1897
Location
Asheville, North Carolina (35.601, -82.554)
Bank Type
national
Charter Number
4094

Metadata

Episode ID
Bank ID
City ID
371018864
Model
gpt-5-mini
Short Digest

Notes

Closure (Oct 22–23, 1897) appears permanent; later receivership and sale reported.

Events (5)
1. August 15, 1889 Chartered
Source
historical_nic
2. October 22, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure/closure due to inability to make collections, causing the bank to close its doors.
Newspaper Excerpt
The National Bank of Asheville has closed its doors.
Source
newspapers
3. October 22, 1897 Other
Newspaper Excerpt
As soon as the announcement was circulated a run was begun on the Battery Park Bank. (run affected a different local bank.)
Source
newspapers
4. December 11, 1897 Voluntary Liquidation
Source
historical_nic
5. January 7, 1904 Receivership
Newspaper Excerpt
Judge Boyd confirmed the sale of the National Bank property at Asheville, made by W. B. Williams, receiver, for twelve thousand dollars.
Source
newspapers

Newspaper Articles (19)
1. October 23, 1897 The Norfolk Virginian Norfolk, VA
Article from The Norfolk Virginian, October 23, 1897

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Article Text

BANK SHUT UP. Asheville, N. C., Oct. 22.-The National Bank. of Ashville, has closed its doors. This leaves but one bank here. As soon as the announcement was circulated a run was begun on the Battery Park Bank. Up to 1 P. m. more money had been taken in than paid out. The Battery Park Bank stopped about 2 p. m., leaving more money in the think than when it opened this morning. The statement of the National Bank is to the effect that inability to make collections was the cause of the failure, and that it is probable the assets will be suificlent to pay all depositors.

2. October 23, 1897 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 23, 1897

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Article Text

Only one Bank Left. ASHEVILLE, N. C., Oct. 22.-The National Bank of Asheville has closed its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement was circulated a run was begun on the Battery Park bank. Up to 1 p. m. more money had been taken in than paid out. The Battery Park Bank had $75,000 cash at the last showing and that amount cannot all be paid out before closing time. The bank will have $100,000 cash here to-morrow.

3. October 23, 1897 Evening Journal Wilmington, DE
Article from Evening Journal, October 23, 1897

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Article Text

A Bank Shuts Down. ASHEVILLE, N. C., Oct. 23.-The National bank of Asheville has closed its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement was circulated a run was begun on the Battery Park bank.

4. October 23, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, October 23, 1897

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Article Text

Bank of Asheville Closed. Asheville, N. C., October 22.-The National Bank of Asheville has closed Its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement of the closing of the bank was circulated a run was begun on the Battery Park bank. Up to 1 p. m., however, more money had been taken in than paid out. The Battery Park bank had $75,000 cash at the showing and that amount can all be paid out before

5. October 23, 1897 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 23, 1897

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Article Text

ASHEVILLE PANIC, One Bank Fails and There is a Run on Another. Asheville, N. C., Oct. 23.-The National Bank of Asheville has closed its doors. No statement has yet been made. A run began at once on the Battery Park bank. The Battery Park bank had $75,000 cash at the last report and that amount cannot be paid out before closing time.

6. October 26, 1897 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, October 26, 1897

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Article Text

More Bank Troubles at Asheville, N. C. ASHEVILLE, N.C., Oct. 25. -The National Bank of Asheville has closed its doors and no statement has yet been made. A run began at once on the Battery Park bank.

7. October 26, 1897 The Ocala Evening Star Ocala, FL
Article from The Ocala Evening Star, October 26, 1897

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Article Text

Asheville, N. C., Is strictly in it in bank failures. The third one, the National bank of Asheville, closed its doors Thursday, which caused a tremendous run on the only remaining bank, the Battery Park. It is evident that the fiscal managers of Asheville did too much land of the sky financiering. The Star trusts that Dr. Fakes, SO well known to Ocalans, who did his banking at the busted bank, came off light.

8. October 28, 1897 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, October 28, 1897

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Article Text

ASHEVILLE BANK FAILS. Asheville, N. C., Oct. 23.-The national bank of Asheville has closed its doors. Inability to make collections is given as the cause of the failure. The bank announces that depositors will be paid in full. A run on the Battery park bank was caused by the failure, but was short lived.

9. October 28, 1897 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, October 28, 1897

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Article Text

lore Bank Troubles at Ashoville, N. C ASHEVILLE, N. C., Oct. ?5-The Naional Bank of Asheville has closed it oors and no statement has yet beer ade. A run began at once on the lattery Park bank.

10. October 28, 1897 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, October 28, 1897

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More Bank Troubles at Asheville, N. C. ASHEVILLE, N. C., Oct. 25.-The National Bank of Asheville has closed its doors and no statement has yet been 1 made. A run began at once on the Battery Park bank.

11. December 23, 1897 Courier Democrat Langdon, ND
Article from Courier Democrat, December 23, 1897

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Otherwise. A thousand Italians have gone home to spend Christmas. The L. A. W. will try to suppress six-day bicycle killings. Counterfeiters are at work in Denver. A dangerous counterfeit $10 silver certificate is in circulation. By a vote of 5 to 4 a committee of the Virginia senate ordered a favorable reporrt on an anti-foot ball bill. Prominent women want the school children of America to give a cent aplece to the government university. John Jenkins of Springfield, Ohio, knocked out Barney Smith of Cincinnati in a glove fight in the sixth round. The directors of the Southern railread have declared a dividend of 1 per cent on the preferred stock, payable Jan. 30. Gov. O'Ferrall of Virginia has appointed ex-Postmaster General Wilson a member of the board of education but the senate turned him down. At the Greenpoint Sporting club at New York Bobby Dodds, colored, of Minneapolis, defeated Sam Tonkins of Astoria, in ten rounds. Oscar Gardner, the Omaha Kid, and Eugene Beznah of Cincinnati fought a fifteen-round draw at the People's Athletic club at Cincinnati. The United States supreme "court will take a recess next Monday for the Christmas holidays, resuming its sittings again on Monday, Jan. 3. John Sherman, nephew of the secretary of state, has announced himself as a candidate for the Republican nomination for mayor of Des Moines. The damage resulting from fire at John and James Dobson's wholesale and retail carpet salesrooms at Philadelphia will reach over $800,000 in building and stock. Matty Matthews of New York and Charles McKeever of Philadelphia fought fifteen rounds at the Olympic club at Athens, Pa. McKeever had the best of the encounter throughout. The retirement of Justice Field from the United States supreme court has made necessary the new assignments of Justice Brewer to the Ninth circuit in addition to his duties in the Eighth circuit. The Stock Exchange Bank of El Reno, Okla., has closed its doors and J. M. Cannon has been appointed receiver. The liabilities are stated to be $50,000 and the assets are claimed tc be worth $70,000. An arrangement has been reached by the principal roads of Michigan whereby interchangeable 1,000-mile tickets will be honored on trains in Michigan without requiring the holder to exchange tickets as at present. The act of the Ohio legislature giving damages to persons assaulted or killed by mobs was declared unconstitutional in the case of J. W. Caldwell, who claimed $1,000 because he was injured by a mob during the Brown strike. A circular saw in operation in the wood yard of Tice & Dilliger at Fond du Lac, Wis., burst. Nelson Tice, the senior member of the firm, was struck by a flying fragment and seriously, if not fatally, injured. His right arm was severed. Mrs. Jennie June Croly has been appointed an inspector of public schools by Mayor Strong of New York for the term of five years. Mrs Croly, who succeeds Mrs. Harriet M. Kemp, is known all over the United States as a writer and worker in women's clubs. A. B. East, a wealthy farmer living about twelve miles northeast of Caldwell, in Morris township, Kan., has deposited $500 as a reward to the person who will effect the capture of Lou Wilkinson and the safe return of Eva, the sixteen-year-old daughter of Mr. East. The shareholders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantees sufficient to pay all demand obligations.

12. January 19, 1901 The News & Observer Raleigh, NC
Article from The News & Observer, January 19, 1901

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Article Text

fect the voluntary Fiquidation of the affairs of the bank, as follows: That all the assets of the bank shall be turned over to W. B. W. in trust to collect and convert into cash and apply to the liabilities of the bank; that the trustee be directed to borrow not exceeding $75,000, and to pledge as collateral all the assets of the bank, and for us and in our name, each and severally, but not jointly, to enter into an agreement with such person, etc., "as will make such loan, that we and each of us, our heirs, executors," etc., "will contribute, make on good and pay to such lender demand, such parts or portions of any difference or deficit which may exist at the making of 12 months from the date of said loan, between the amount then realized from the collection or sale of said assets pledged as collateral securexity, after paying therefrom the penses of said trust and the amount then as the number of due said lender shares held by each of the signers hereof bears to the aggregate number of shares held by all the signers." The aggregate sum of $75,000, was borrowed by the trustee in divers sums on the faith of the authority conferred on him and the assets of the bank were transferred to the trustee, collected and applied to the above indebtedness. This action is brought upon the above agreement by the lenders to recover the balance due upon the loans, and it is Held, not demurrable upon the grounds assigned by the defendants, (1) That the plaintiffs are not parties to the agreement between the stockholders; (2) That there is a misjoinder of causes and of parties, and (3) That the National Bank of Asheville and the trustee are not parties and that one of the signers of the agreement did SO as guardian without the consent of his werds. The stockholders' agreement also provided that the instrument "shall become effective and operative upon the signing thereof by the owners of twothirds of the capital stock;" Held that the plaintiffs' failure to aver that the contract was in fact signed by the owners of two-thirds of the capital stock was a defective statement of a good cause of action and not a statement of a defective cause of action and was not demurrable.

13. January 8, 1904 The News & Observer Raleigh, NC
Article from The News & Observer, January 8, 1904

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THE SALE CONFIRMED. Norfh Carolina Land and Timber Company Adjudged Bankrupt. (Special to News and Observer.) Greensboro, N. C.. Jan. 7.-In the United States Circuit court this evening Judge Boyd confirmed the sale of the National Bank property at Asheville, made by W. B. Williams, receiver for twelve thousand dollars. In the district court upon petition of creditors he adjudged the North Carolina Land and Timber Company, of Asheville, bankrupt. The voluntary petition in bankruptcy, filed by John L. Casper. of WinstonSalem. in no way relates to the Casper Company, a large liquor concern, which is incorporated. Casper as an individual, seeks relief from an old judgment growing out of an assignment in 1897.

14. January 8, 1904 The Times Dispatch Richmond, VA
Article from The Times Dispatch, January 8, 1904

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United States Courts. (Special to The Times-Dispatch.) GREENSBORO, N. C., Jan. 7.-In the United States Circuit Court this evening Judge Boyd confirmed the sale of the National Bank of Asheville property, made by W. B. Williams, receiver, for $12,000. In the District Court, upon the petition of the creditors, he readjudged the North Carolina Land and Timber Company, of Asheville, bankrupt. A voluntary petition in bankruptcy was filed by John I. Casper, of Winston-Salem. This in no way relates to the Casper Company, a large liquor concern. which is Incorporated. Casper, as an individual, seeks relief from old judgments growing out of an assignment in 1897.

15. November 29, 1910 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, November 29, 1910

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# CASES HEARD IN # FEDERAL COURT The United States Circuit Court of Appeais reconvened this morning at 11 o'clock with Circuit Judges Goff and Prichard and Districs Judges Boyd and Rose in attendance. C. F. Haynsworth, of Greenville, S. C., admsaw cmfwyp emfwyp m S. C., was admitted to practice in this court. The following cases were argued: No. 988. R. Crawley Jones, alleged bankrupt, apellant, vs. August Wright Company et al., appellees: on appeal from the district court at Richmond, Va.; in bankruptcy. Continued from yesterday. Cause further argued by Bartlett Roper, Jr., and Carl H. Davis, of Petersburg, Va., for the appellees, and concluded by Wyndham R. Meredith, of this city, for the appellant and submitted. No. 984. William B. Williamson, receiver of National Bank of Asheville, N. C., plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. Cause argued by Charles A. Moore, of Asheville, N. C., for the plaintiff in error, and by Clement H. Haynsworth, of Greenville, S. C., for the defendant in error. Court adjourned until Wednesday morning at 11 o'clock. Cases in call Wednesday: No. 990. Norfolk & Portsmouth Tractiton Company, plaintiff in error, vs. Mamie Rephan, by Harry Rephan, her next friend, defendant in orror; in error to the Circuit Court at Norfolk, Va. To be argued by W. H. Venable, of Norfolk, Va., and Henry W. Anderson, of this city, for the plaintiff in errr, and by 8. M. Brandt, of Norfolk, Va., for the defendant in error. No. 991. Baltimore & Ohio Railroad Company, plaintiff in error, vs. Hettie Gertrude Taylor, admx, etc., defendant in error: in error to the Circuit Court at Parkersburg, W. Va. To be argued by J. W. Vandervort and B. M. Ambler, of Parkersburg, W. Va., for the plaintiff in error and by L. N. Tavenner and V. B. Archer, of Parkersburg, W. Va., for the defendant in error.

16. November 29, 1910 The Times Dispatch Richmond, VA
Article from The Times Dispatch, November 29, 1910

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Leon Hozier, applellee; on appeal from the District Court at Norfolk, Va. Cause argued by Robert M. Hughes, of Norfolk, Va., for the appellant, and by Henry Bowden, of Norfolk, Va., for the appellee, and submitted. No. 988-R. Crawley Jones, alleged bankrupt, appellant, vs. Aug. Wright Company. et al., appellees; on appeal from the District Court at Richmond, Va. In bankruptcy. Cause argued by George A. Hanson, of this city, for the appellant, and argument continued until to-morrow morning. Bartlette Roper, Jr., and Carl H. Davis, of Petersburg, Va., were admitted to practice in this court. Court adjourned until this morning at 11 o'clock. Case in call to.day: No. 934-William B Williamson, receiver of National Bank of Asheville, plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. To be argued by Cothran, Dean & Cothran, of Greenville, S. C., and Moore & Rollins and Thomas A. Jones, of Asheville, N. C., for the plaintiff in error, and by Haynsworth & Haynsworth, of Greenville, S. C., for the defendant in error. Hon. James E. Boyd, United States district judge, of Greensboro, N. C., will arrive in town to-night to be in attendance upon the court.

17. November 30, 1910 The Times Dispatch Richmond, VA
Article from The Times Dispatch, November 30, 1910

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argued by Bartlett Roper, Jr., and Carl H Davis, of Petersburg, Va., for the appellees and concluded by Wyndham R. Meredith, of this city, for the appellant, and submitted. No. 984-William B. Williamson, receiver of National Bank of Asheville, N. C., plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. Cause argued by Charles A. Moore, of Asheville, N. C., for the plaintiff in error, and by Clement F. Haynsworth, of Greenville, S. C., for the defendant in error. Court adjourned until this morning at 11 o'clock Cases in call to-day: No. 990-Norfolk and Portsmouth Traction Company, plaintiff in error, vs. Mamie Rephan, by Harry Rephan, her next friend, defendant in error; in error to the Circuit Court at Norfolk, Va. To be argued by W. H. Venable, of Norfolk, Va., and Henry W. Anderson, of this city, for the plaintiff in error, and by S. M. Brandt, of Norfolk, Va. for the defendant in error. No. 991-Baltimore and Ohio Railroad Company, plaintiff in error, vs. Hettie Gertrude Taylor, administratrix, &c., defendant in error; in error to the Circuit Court at Parkersburg, W. Va. To be argued by J. W. Vandervort and B. M. Ambler, of Parkersburg, W. Va., for the plaintiff in error, and by L. N. Tavenner and V. B. Archer, of Parkersburg, W. Va., for the defendant in error.

18. October 9, 1927 Asheville Citizen-Times Asheville, NC
Article from Asheville Citizen-Times, October 9, 1927

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RECEIVER FILES SUIT IN EQUITY Asks Attempted Transfer Of Notes Of Bank Be Made Null By BROCK BARKLEY ALEIGH failure of the National of in United States district here today of in equity by H. Draper ceiver for the bank against David Cumberland The plaintiff is that and the by be and and that Mr. Gaster pay into the funds in amount bank alleges that deposited on July without asking for he drew out part the and that he also took notes most of which he later notes amounted to $466 alleged of the back the representing the notes back be paid to the bank.

19. January 11, 1932 The Asheville Times Asheville, NC

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Rendleman Is Receiver For Bank In City D. Rendleman. of Salisbary, who has been for the Citizens National September the 21, has taken charge liquidation the National bank here. Mr. Rendleman succeeds J. B. Cunningham. who has charge the affairs of the American National since closed in November 1930. Mr. Cunningham has gone to take charge the the Con. tinental want the people of this munity realize that we can liquidate this bank only as fast as those people who the bank money pay Mr. Rendleman depositors cannot get their until those who bank, pay up. all in neighowes The can this cleared the better off community will remain charge of the liquidation the Citi. zens National bank in Hendersonville in addition charge of the American National bank, as receiver.