Traders National Bank (Clarksburg, WV)

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Episode Information

Episode UID
456901250
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
45690 national
Charter Number
4569
Start Date
February 2, 1904
Location
Clarksburg, West Virginia (39.281, -80.345)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
788bd430acb5540a

Response Measures

None

Events (4)
1. May 9, 1891 Chartered
Source
historical_nic
2. February 2, 1904 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency; national bank examiner appointed receiver.
Newspaper Excerpt
The Traders' National Bank of Clarksburg, W. Va., closed its doors today, and the controller of the currency has appointed National Bank Examiner Charles W. Robinson receiver.
Source
newspapers
3. April 13, 1904 Reopening
Newspaper Excerpt
The Traders National Bank... opened for business Wednesday morning under a strong reorganization and a capital stock of $200,000.
Source
newspapers
4. April 10, 1905 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)
1. February 2, 1904 Evening Star Washington, DC
Article from Evening Star, February 2, 1904

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EXAMINER IN CHARGE. Bank at Clarksburg, W. Va., Closes Its Doors. The Traders' National Bank of Clarksburg, W. Va., closed its doors today, and the controller of the currency has appointed National Bank Examiner Charles W. Robinson receiver. This bank was organized April 15, 1891; T. M. Jackson, president; S. H. White, cashier. The controller is not in possession of sufficient information to enable him to state the exact cause of failure. The following is a statement of the resources and liabilities of the bank as shown by the last report of condition received by the-controller, dated November 17, 1903: Resources-Loans and discounts, $829.535.25: United States bonds, $85,000; stocks. securities, claims, &c., $163,500; furniture and fixtures, $3,500; real estate, $12,677.08; due from banks and bankers, $184,632.35; cash and cash items, $82,272.41. Total, $1,361,117.09. Liabilities-Capital stock. $85,000; undivided profits, $84,674.15; circulation, $85,000; due to banks and bankers, $100,743.88; deposits, $975,699.06; bills payable, $30,000. Total, $1,361,117.09.

2. February 2, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 2, 1904

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finally found it best for the interests of all concerned to take the action he did under instructions from the comptroller. The examiner himself is not permitted by law to give out any statement ccmcerning the condition of the affairs of the bank and he is faithfully ouserving the law in the interests of all concerned. He represents. by virtue of his office, the creditors of the bank and is governing himself in compliance with the instructions he has from the government. From other sources than those connected with the bank. it is learned that the cause of the suspension was the lack of available assets. Some alarm was febt at first by the public that the bank was not solvent and that it would not pay out. But was feeling did not exist long as there were reliable and unmistaken assurances that the bank is solvent. In this particular it may be. however, that the stock holders will be heavy losers and the en time amount of stock may be wiped out. There is a capital paid in of $85,000. The bank has a surplus of $85,000. and the national bank laws holds the stock holders responsible for not only the capital paid in but also that much more. non these conditions the bank is al ready possessed of $255,000. besides what is out in loans and other securities. That being the situation. there seems no probability of loss to the depositors. though the stockholders may be the losers, eaher by reprexiation of the stock or by the necessity of making up any deficiency that may be founr to cover the deposits. Col. T. M. Jackson. the president of the bank. himself. in a brief interview. says the ban is perfectly solvent and that no depositor will lose a cent. Further than that be declined to talk about the affairs of the bank. not being in position. he said, to do so. Other officials of the institution are in a similar position and therefore have made no statements. A very gra vin- fenture of the day was that there was no attempt to ward a run on the other banks, but to the contrary business alt these instituions ran along as quiely and smoothly as if nothing unusual had happened in bank ing circles. There was no lack of confidence and there was no reason for believing other than that they are perfect. ly sound. Even if there had been a run every depositor would have been paid in full. The Traders will likely be closed several days as it will take time to get the affairs of the bank in shape. In the meantime there will be no official statements, although one will be issued later. when the examiner gets everything listed and the books in shape to determine the exact state of affairs.

3. February 2, 1904 The Providence News Providence, RI
Article from The Providence News, February 2, 1904

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BANK CLOSED. Washington, Feb. 2.-The Traders National bank of Clarksburg, W. Va., has been closed by order of the comptroller of the currency. and National Bank Examiner C. L. Robinson has been appointed temporary receiver.

4. February 2, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, February 2, 1904

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Bank Ordered Closed. Clarksburg, W. Va., Feb. 2.-The Traders' National bank, the largest bank in this city, has been closed by order of the comptroller of the currency and a national bank examiner has been appointed temporary receiver. Assets are a million and a quarter. It is thought the bank will resume business. No statement of its condition has been made.

5. February 2, 1904 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, February 2, 1904

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Clarksburg W. Va. Bank Fails. Clarksburg. W. Va., Feb. 2-The Traders National bank, the largest bank in the city, has been closed by order of the comptroller of the currency and a national bank examiner has been appointed temporary receiver. Assets, $1,250,000. It is thought that the bank will resume business. No statement of its condition has been made. A statement issued by the bank in November last, showed deposits of $975,000. and assets of $1,360,000. The capital stock was $85,000.

6. February 3, 1904 The Washington Times Washington, DC
Article from The Washington Times, February 3, 1904

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WEST VIRGINIA BANK CLOSES ITS DOORS The Traders' National Bank of Clarksburg, W. Va., has closed its doors and the Comptroller of Currency has appointed National Bank Examiner Charles W. Robinson receiver.

7. February 3, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 3, 1904

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UNDISTURBED Are Business Conditioos by the Closing of Traders. --Examiner Robinson Appointed Receiver by the Treasury a Department. Statement Issued by Comptroller of the Currency Concerning the Traders Finances. 2. Banking circles are in normal conditions and no bad effects have thus far been felt over the closing of the doors of the Traders national. Business is going along as if nothing of the sort had happened and prominent business firms express themselves as confident business (conditions, which are so very excellent, will not be disturbed. Charles W. Robinson, the examiner who closed the bank under instructions of the comptroller of the currency at Washington, has been appointed receiver of the bank by the United States treasury department. The appointment came by telegraph Tuesday evening and the commission will arrive shortly. Mr. Robinson and his force of assistants are making rapid progress at listing the notes and other securitie the bank holds and determining the indebtedness, losses if any, and so on. They have been especially busy answering telegrams from the bank's numerous correspondents all over the country. Depositors generally as well as others, including bankers, are content with the assurance that the bank will pay out and that there will be no loss to depositors. This feeling prevailed to an extent from the start but is growing stronger all the time. The reciever will likely be unable to make a public and official statement for several days, owing to the thorough investigation the government requires. The comptroller of the currency at Washington has issued a statement given-below by the bank: "The following is a statement of the resources and liabilities of the bank as shown by the last report of condition received by the comptroller, dated, November 17, 1903 : Resources.

8. February 3, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 3, 1904

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CLARKSBURG, W. VA., FEB. 3, 1904. PUBLIC CONFIDENCE MAINTAINED. While the closing of the doors of the Traders National Bank must unnecessarily have more or less effect, yet it is a happy condition that the effect thus far has not been of the panicky sort. Business men who are identified with that institution as stockholders, depositors and otherwise, as well as others, showed their wisdom in acting in a conservative manner, by which they averted what might have been to the city an awful situation. They publicly expressed confidence i nthe ability of the bank to pay. and, unless there are other developments than those already noted that will be the actual situation. There are no reasons to believe that the situation will be changed or that the depositors will lose anything. It has been taken into consideration that the institution has strong men financially behind it, who would not willingly see the bank fail to pay every dollar of its indebtedness. In this connection it is noteworthy that the other banks of the city have the implicit confidence of the public and well they may, for they are prepared to meet every emergency dollar for dollar. Business astuteness of the most superb character has been observed. They are to-day veritable Gibraltars. A conspicuous feature of the incident which is of concern, is that the public continued their banking business wholly uminterrupted and without modification. The several other, banks of the city continued to do business as usu'tl, except that they did an increased amount through the very nature of the situation. Business men who have been depositors in the Traders and with considerable money tied up under circumstances with which they were not fully acquainted did not allow themselves to become prejudiced against the banking system in general but with that regularity of custom in vogue among them made their deposits in other banks to the extent that when the day's business was over the amount of money taken in at each and every bank far exceeded that drawn out during the day. In addition to this there was practically no withdrawals influenced by the situation. To the contrary the preponderance of the money paid out by the institutions was merely in the ordinary course of business. The banks felt no alarm for the reason that they were all fully prepared for the occasion and would have met every obligation even to the last dollar on deposit but naturally most every one looked for some sort of a scare, big or little. Such scare not having occurred, it is a matter of great congratulation to the commercial and industrial circles of Clarksburg and Harrison county, What might have been in the nature of a crisis has thus far been happily and wisely avoided and there would in all probability have been if the business public had noted foolishly or taken a prejudiced and pessimistic view of the situation. In the case of the Traders it may be stated that efforts to force payment of deposits will be in vain. There can be no run on the bink since it is closed. It is useless to attempt to storm its doors. The institution has the government behind it as its protector, since it is now generally in the hands of the government. No man not authorized by the government can lay fingers on any thing connected with it without the consent of the government. There can be no disturbance of the funds on hand by any one, but the government, and as the government represents the creditors and will faithfully and zealously protect their interests all in its power, there is no reason why all should not be patient and

9. February 3, 1904 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, February 3, 1904

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Were Poor Investments. Clarksburg, W. V.. Feb. 2.-The cause assigned for the failure of the Traders' National Bank here to-day is lack of available assets, but the real reason stated by those supposed to be informed, is investments in enterprises of large magnitude which have so far realized no returns. Bankruptcy proceedings against the Jackson Iron and Tin Plate mill and large suits against Moore Jackson, president of both the tin plate mill and the Traders' Bank, played a prominent part in the failure.

10. February 5, 1904 Columbia Courier Kennewick, WA
Article from Columbia Courier, February 5, 1904

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Clarksburg Bank Fails. Clarksburg, W. Va., Feb. 3.-The Traders' National bank, the largest bank in this city has been closed by order of the comptroller of the cur rency, and a national bank examiner has been appointed temporary receiver Assets, $1,125,'000. It is thought that the bank will resume business. No statement of its condition has been made.

11. February 8, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 8, 1904

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CLARKSBURG, W. VA., FEB. 8, 1901. RE-OPEN THE TRADERS. Attempts to prejudice the public against any one on account of the Trad ers National Bank, whose doors are tem. porarily closed, show to what depths of meanness some persons will go and just how unprincipled they are. There are some who are always glad to take advantage of the misfortune of others to promote their own selfish interests, although they have to stoop so low as to he utterly contemptible. It is this class that does not want the Traders to reopen simply because they think it is a personal advantage to them. Little they care for the community. Little they care about one of the most important and popular institutions of the city. But it is a real gratification to know that the business men in general, including the bankers who are competitors of the Traders, are hopeful that the bank will soon be on its feet again with its doors open to do business. It is not SO much the interests of the bank they care for in this particular as it is for the good of the community. All liberal and fair-minded business men recognize the fact that the reopening of the bank would be far better for the commercial interests of this section than if it were to go out of existence. That alone is sufficient reason why they should hold such a desire. Again, there are but few men who are 80 designing as to wish the numerous depositors of that bank to losc their deposits or any part of them, nor is there any desire that the stockholders should lose. Either event would be detrimental to the financial credit of Clarksburg and bring not only hardship to those immediately concerned but to the entire community as well. Under such conditions and circumstances the Telegram has no patience with the few who have personal spites that prompt them at this critical time this to prejudice the people against not only other financial institutions. They could be engaged in a better business than that of arraying people agains! banks. Their conduct would be more commendable if they were making efforts to uphold the public confidence an I trying to allay suspicion and avert a possible panic in money affairs in Clarks burg. In this connection the Telegram feels that it must reiterate the general desire for the re-organization and re-opening of the Traders, and it with the public will welcome the day when that is necomplished. That day is not far distant, if present efforts in that direction are successful and the best information at this time is that very good progress is baing made in that direction.

12. February 9, 1904 Wausau Pilot Wausau, WI
Article from Wausau Pilot, February 9, 1904

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Bank Closes; May Resume. The Traders' National Bank of Clarksburg, W. Va., has been closed by order of the Comptroller of the Currency and Charles W. Robinson has been appointed temporary receiver. It is the largest bank in the city. The assets are $1,250,000. It is thought the bank will resume business.

13. February 12, 1904 The Aberdeen Democrat Aberdeen, SD
Article from The Aberdeen Democrat, February 12, 1904

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DOMESTIC. The public debt statement issued on the 1st shows that the debt increased $911,663 during the month of January. Cash in the treasury, $378,745,084. Total debt, less cash in treasury, $915,062,543. The Baptist May anniversaries will be held in Cleveland, O., from May 16 to 24, inclusive. The residence of Peter Christiansen was burned at Council Bluffc, Ia., and his fixe small children were cremated and his wife fatally burned. The government receipts for January were $41,588,370 and the expenditures $48,372,553, leaving a deficit for the month of $6,784,183. Harry Forbes was knocked out in the fifth round by Abe Attel, of St. Louis, in a battle for the world's featherweight honors. At Clarksburg, W. Va., the Traders' national bank closed its doors. The Kirby Lumber company, with $10,000,000 capital, and the Houston Oil company, owning 1,000,000 acres of land, have been placed in a receiver's hands at New Orleans. Gov. Peabody, of Colorado, has proclaimed the term of martial law at Cripple Creek at an end. Corporal Charles A. Valois and his young. wife, spurned by relatives and penniless, sought death together at Saginaw, Mich. The National Webster bank and the Atlas National bank, two of the largest Boston financial institutions, have consolidated. Fire in the wholesale district of Knoxville, Tenn., caused a loss of $400,000 and the lives of two firemen. A collison between freight trains in El Paso, Tex., caused the death of Engineer Gillespie, Fireman Daniels and an unidentified brakeman. Three of the 30 victims of the Nevada desert have been identified as Philip Geiger, William Hancock and George Hollberk, of Ogden, Utah. A race war at Berea, Ky., is threatened by the citizens' appeal for a law against coeducation of negroes and whites at Berea college. Gen. Ben J. Vilnen, of the Boer forces in the war in the Transvaal, was a guest of President Roosevelt at luncheon.

14. February 18, 1904 The Caucasian Raleigh, Goldsboro, Clinton, NC
Article from The Caucasian, February 18, 1904

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Telegraphic Briefs, The temperance movement which began in Japan in 1873 with a society of foreign residents of Yokohama has grown until now there are 46 of these societies united in a national temperance league. The league represents 3,617 members. As a result of their agitation a bill has been passed prohibiting the use of tobacco by persons under 20 years of age. According to figures published by the Baltimore News the cash value of the cotton trade in the year 1903 esceeded a million dollars a day, Sundays and holidays include. The country is in just $378,000,000. in round figures, by the shipments abroad of cotton last year. That it piles up a mighty sum is shown by the figures covering twenty years, inclusive of 1903. In this time our exports of cotton aggregated five billions of dollars, twice the total amount of money of as kinds now in circulation in the United States. Seventy-three years of cotton exporting has brought us from $29,000,000 in 1830 to $378.000.000 in The total for 1903 breaks all rec. 1903. ords. It was greater by $64,000,000 than the record-breaking year of 1900. The Traders' National Bank, of Clarksburg, W. Va.. has been closed by order of the Comptroller of the Currency and Bank Examiner C. W. Robinson has been appointed temporary receiver. The bank was organized April 15. 1894, with T. M. Jackson, as president and S.H. White, cashier, The Comptroller is not in possession of sufficient information to enable him to state the exact cause of failure. The bank has a capital of $85.00 and deposits of $975,000.

15. February 22, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 22, 1904

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TRADERS BANK OPEN. There appeared on the door of the Traders-National Bank a new notice Monday morning. It read "Bank open to receive all persons indebted to the bank." and was signed by Charles W. Robinson, receiver. The remark was made that the Traders bank was open and it seemed to please the people very much until the reason was told why it was open. The previous notice was that the bank had been closed by direction of the Comptroller of the Currency.

16. February 29, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 29, 1904

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REORGANIZATION Of the Traders National Bank is Progressing-Receiver is Busy Collecting Money Due the Bank. The receiver of the Traders National Bank is collecting money due the bank as fast as possible. The many debtors are mindful of the accommodation extended them by the bank and are paying their obligations promptly. The movement to re-organize the bank is progressing and it is stated a protective stock committee has been appointed. This committee is said to be composed of three experienced bankers of the city. It is not definitely known at what time the re-organization will be affected.

17. April 7, 1904 West Virginia Argus Kingwood, WV
Article from West Virginia Argus, April 7, 1904

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Mrs. H. S. Whetsell and baby are at Aurora this week visiting her old home. Dr. Jennings M. King is at Buckhannon again this week on account of the critical illness of his mother. Miss Frances Ann Parsons, who clerks in the Argus Book Store, went to Morgantown last Saturday to spend a week visiting her parents. Ira Claud Gibson, who has been running a drug store out at Enterprise for some time, has been' here this week to apply for license to conduct a drug store in Kingwood after May Ist. The unveiling of Bailey Brown's monument at Grafton will take place on April 28th. Although history does not record it, Mr. Brown was the first man killed in the Civil War. The services will be attended by the G. A. R. and the Cadets of the W. V. U. He was born and raised in Preston county. The stockholders of the Traders' National Bank of Clarksburg, which was closed February 2nd by order of the comptroller of the currency, held a meeting last week. It was decided to organize the institution and resume business. A board of directors was elected and officers elected by them. The capital stock was increased from $85,000 to $200,000. The proposition will be sent to Washington immediately, and it is believed will be approved, which will mean the opening of the bank about the fifteenth of April, The bank had about $975,000 on deposit when it closed.

18. April 13, 1904 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, April 13, 1904

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TRADERS BANK REOPENS UNDER REORGANIZATION Deposits First Day Amount to More Than Three Times as Much as the Aggregate Sum Checked Out -Future of Institution is Bright. The Traders National Bank, which was February 2, by order of the CompSERIOUS troller of the Currency, opened for business Wednesday morning under a strong reorganization and a capital stock of CHARGE PREFERRED AGAINST ED. $200,000. an increase of $115,000. BUTCHER BY BERTHA SHRIEVE, The officers of the bank are W. Brent AN EIGHTEEN-YEAR-OLD GIRL, Maxwell, president; P. M. Robinson, vice EMPLOYED AT DEISON HOUSE. president, and S. H. White, cashier. The board of directors is composed of W She Accuses Him of Criminally AssaultBrent Maxwell, John L. Ruhl, C. S. ing Her On the Weston Road Monday Smiley, James F. Allen, Millard F. Sni: Night-Butcher Arrested and Jailed der L. L. Loar, Edward R. Davis, Ira to Await Trial. E. Robinson Porter Maxwell, Lee Bog. gess and P. M. Robinson. Ed. Butcher. a young man of this city, The bank opened with Vice President is in jail awaiting trial on a serious Robinson and Cashier White in charge charge. He is accused of criminally asand the employes of the bank retained saulting Bertha Shrieve, a girl eighteen are Richard Farland, teller; B. W. Bag. years of age, employed as a domestic at gess and Pearl Holden. bookkeepers and the Deison house. She appeared before Miss Carrie Fordyce, stenographer. Magistrate Riley and caused the warrant The opening was under auspicious cirto be issued. Butcher was arrested on cumstances and at the close of the day Second street Wednesday morning by more than three times as much money Con-table Edgell and placed in jail to had been deposited as was checked out await trial. and there was every sign of restored The Shrieve girl says Butcher took confidence. her out riding in a buggy Monday even The resumption of business by that in ing. They drove out the Weston road stitution in so short a time is hailedand in a secluded spot, she claims he with delight by many of the business overpowered her and then committed men of the county and is an evidence of the assault. what masterly achievements the business men of this community are capable of. That the institution will have a BURGLAR bright and prosperous future and be of great service in promoting the commerFATALLY SHOT cial and industrial interests of the county there is no shadow of doubt. Receiver Robinson Talks. By a Wheeling Officer As Latter Caught When seen by a representative of the Him Burglarizing a Confectionary Store. elegram Wednesday, Mr. Robinson said "The closing of the Traders National By Associated Press. Bank was one of the unpleasant duties incident to the position of a National Wheeling, W. Va. April 13-William Bank Examiner. It was a duty I was Conners was fatally shot this morning obliged to perform. Every act of the at an early hour by Officer Woodward, Comptroller of the Currency, and myself as Conners was trying to burglarize a as a representative of his office, has been confectionary store. Connors had just arrived from Louisville. in the interest of the depositor and I am glad to state that all depositors will be paid in full with legal interest. "I desire to thank the debtors to the SCHMULBACH bank, who responded so promptly to my call for what was due the bank. The May Be One of the "Big Four" From This fact that L pressed payment and the State to the Republican National Convention. public responded to the amount of $300.000 enabled the bank to reorganize and open. The receiver does not collect on By Associated Press. per centage, as some people think. Not Charleston, W. Va., April 13 - It is a suit was bronght, not a business susnow conceded that Senators Elkins and pension resulted from my persistent ef Scott and J.T. Caldwell. of Huntington, forts to collect. I was careful to hurt will be three of the delegates-at-large to no one. but always anxious to protect the National Republican convention. There is a nice contest for fourth every interest of the depositor. "I leave the bank in good hands and place between Governor White and Unit with available funds to meet any deed States District Attorney Atkinson: 1 mands that will be made upon it. with the possibility of Col. H. Schmul am glad of the reopening of the bank bach. of Wheeling, beating them both. and leave your city for Pennsylvania Senator Scott will probably be tempor to engage in my work as Examiner. ary chairman and deliver the key note "I want to thank the press of the city of the campaign in his speech to-mor for the very considerate way in which row when the convention assembles, they have spoken of the bank during GRAND BALL AND SOCIAL. the receivership, and the uniform cour teous treatment to me personally." This is the night for the grand ball

19. April 14, 1904 Evening Star Washington, DC
Article from Evening Star, April 14, 1904

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West Virginia Bank May Reopen. The controller of the currency has authorized the Traders' National Bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2. The board of directors has been reorganized and increased, and the stockholders have authorized an increase in the capital of the bank to $200,000, which increase has been paid in full. The controller states that the bank is now in a perfectly solvent condition, with an unimpaired capital, and resumes business under most favorable aupices

20. April 15, 1904 The Clarksburg Telegram Clarksburg, WV
Article from The Clarksburg Telegram, April 15, 1904

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When seen by a representative of the Leiegram Wednesday, Mr. Robinson said "The closing of the Traders National Bank was one of the unpleasant duties incident to the position of a National Bank Examiner. It was a duty I was obliged to perform. Every act of the Comptroller of the Currency, and myself as a representative of his office, has been in the interest of the depositor and I am glad to state that all depositors will be paid in full with legal interest. "I desire to thank the debtors to the bank, who responded so promptly to my call for what was due the bank. The fact that I pressed payment and the public responded to the amount of $300,000 enabled the bank to reorganize and open. The receiver does not collect on per centage, as some people think. Not a suit was brought. not a business suspension resulted from my persistent ef. forts to collect. I was careful to hurt no one, but always anxious to protect every interest of the depositor. "I leave the bank in good hands and with available funds to meet any deI mands that will be made upon it. am glad of the reopening of the bank and leave your city for Pennsylvania to engage in my work as Examiner. "I want to thank the press of the city for the very considerate way in which they have spoken of the bank during the receivership. and the uniform courteous treatment to me personally."

21. April 16, 1904 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, April 16, 1904

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Bank Allowed to Reopen. Washington, April 14.-The comptroller of the currency authorized the Traders' national bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2, 1904.

22. April 20, 1904 The Star Reynoldsville, PA
Article from The Star, April 20, 1904

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Clarksburg Bank to Reopen. The Comptroller of the Currency authorized the Traders National bank of Clarksburg, W. Va., to reopen for business. This bank suspended February 2, 1904. The board of directors has been reorganized and increased and the stockholders have authorized an increase in the capital of the bank to $200,000, which increase has been paid in full. The comptroller states that the bank is now in a perfectly solvent condition.

23. January 6, 1905 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 6, 1905

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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.