American National Bank (Dayton, TN)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
November 14, 1931
Location
Dayton, Tennessee (35.494, -85.012)
Bank Type
national
Charter Number
5679

Metadata

Receivership Details

Depositor recovery rate
43.0%
Date receivership started
1931-11-14
Date receivership terminated
1939-05-25
Share of assets assessed as good
37.9%
Share of assets assessed as doubtful
56.8%
Share of assets assessed as worthless
5.3%

Events (3)

1. January 15, 1901 Chartered
Source
historical_nic
2. November 14, 1931 Receivership
Newspaper Excerpt
B. L. Newman ... left yesterday for Dayton, Tenn., to become receiver for the failed American National Bank there.
Source
newspapers
3. November 14, 1931 Receivership
Source
historical_nic

Newspaper Articles (4)

Article Text

NAMED BANK RECEIVER B. L. Newman In Charge Of American National at Dayton

B. L. Newman, 127 South Van Gilder Street, left yesterday for Dayton, Tenn., to become receiver for the failed American National Bank there.

He received word of his appointment yesterday morning from J. W. Pole, comptroller of currency. Newman was at one time connected with the old Union National Bank here.


Article Text

FEDERAL COURT CLOSES HERE UNTIL APRIL TERM

Federal court adjourned yesterday after having been in session here, with the exception of holiday recesses, since the second Monday in November. Judge George Taylor and members of his court departed last night and will not return until the April term, which will open the second Monday in April.

Several cases were disposed of by the court yesterday. Basil Brittain, narcotic violator, was sentenced to a year and a day in a federal institution. The case of A. J. Bell vs. Ducktown Chemical and Iron company, resulted in a nonsuit.

Argument was heard in the suit of A. B. Andrews vs. B. L. Newman, receiver for the American National bank, at Dayton, Tenn. Andrews is seeking to recover $22,000 worth of school bonds as a preferential claim against the bank. He is represented by J. B. Sizer and Burnett Sizer, while the bank receiver is represented by J. B. Swaf-


Article Text

SHERIFF SEEKS LOGAN MOLLOY IN STILL DEATH

Marion County Warrant Pins Death of Moonshiner Jess Harris on U.S. Raider.

JOE LUSK ACCUSES HIM

Professed Eyewitness Says He Saw Fugitive Tumble From Boat After Shot.

A warrant charging Logan Molloy, federal revenue agent of McMinnville, Tenn., with murder in connection with the death last Tuesday of Jesse Harris, 26-year-old mountaineer moonshiner, has been sworn out by Coroner R. H. Hall, of Marion county, he said yesterday.

The warrant was sworn out before Squire G. E. Alley at Jasper and placed in the hands of Sheriff Turner Coppinger. Sheriff Coppinger had not served the warrant last night, he said, as he has not been able to find Molloy. The Marion county officer will have to wait until Molloy comes into his county to serve it himself, but has the authority to call upon the sheriff of any other Tennessee county Molloy may enter to serve the papers.

Although he is stationed at the Winchester office of the federal alcoholic tax unit, Molloy works out of the Chattanooga office when called into service. He was here Tuesday with Agents J. D. Jones, Tom Holbert and E. C. Thompson to raid Harris' still near where Suck creek empties into the Tennessee river.

Neither of the four agents has offered any public explanation of the shooting. Agent Molloy, when asked a few days ago, said he could not make a statement in the absence of his superior, Agent J. D. Jones, and his other two associates on the raid. Agent Jones declined comment when asked for particulars yesterday. The first time Jones was asked for an explanation of the shooting he disclaimed any knowledge of the incident. Sam McKinney, chief of the division with offices in Knoxville, also declined comment and disclaimed knowledge of Harris being shot.

Joe and Elton Lusk were arrested by the federal officers as the result of the raid. They were scheduled to be heard before United States Commissioner James H. Anderson yesterday afternoon, but the preliminary trial was continued until next Wednesday morning at 10 o'clock. The men are charged with assisting in the operation of an unregistered distillery.

Joe Lusk says he was an eyewitness to the shooting, and that Agent Molloy had him under arrest when he shot Harris. According to Lusk's story, Harris and a companion the officers surprised at the distillery were attempting to escape when Molloy fired. Harris and his companion were in a boat, Lusk said, trying to get it out into the river when Molloy fired his high-powered rifle. A bullet entered Harris' left leg between the knee and thigh, glanced off the bone and took an upward course, tearing its way out near the thigh. When he was shot, Lusk said, Harris plunged into the river and undertook to swim to safety. Dr. Cecil Newell, summoned as an expert witness before Coroner's Hall's inquest jury, testified the mountaineer died from loss of blood.

The federal officers are said to have left the scene of the raid with Harris dead and on the bottom of the river. The body was found next day some distance from the scene of the raid, having floated downstream overnight.

Coroner Hall was called. After his investigation the coroner said he felt his official duty called upon him to swear out the warrant for Molloy.

A number of residents of the section where Harris lived said they were present when the body was taken from the river and searched, and the only weapon found was a small pocketknife.

In addition to shooting at Harris, the officer also took a shot at his companion, but missed him, Lusk said. He took a kneeling position to take a more deadly aim on Harris' companion, but was prohibited from firing again by Agent Jones, Lusk said.

The alcoholic tax unit has been in other shooting escapades with moonshiners, but this is the first killing which has resulted in this area. The unit has been busy recently raiding moonshine distilleries of this section.

DR. KERMIT Y. MAXWELL JOINS UNCLE'S OFFICES

Dr. Kermit Y. Maxwell, son of Mr. and Mrs. E. G. Maxwell, of Chattanooga, has joined his uncle, Dr. R. C. Maxwell, in his dental offices here upon graduation this summer from Atlanta Southern Dental college.

He is a graduate of Central High school, and took his predental work at the University of Chattanooga. He was recently commissioned a first lieutenant in the United States army reserve.

DAYTON BANK RECEIVER SUES TO COLLECT NOTES

Rufus A. Johnson, receiver of the American National bank, Dayton, filed two suits in United States district court here yesterday, asking recovery on notes held by the institution now in liquidation.

One suit was against Birdie Waterhouse, of Dayton, seeking recovery of $4,165.34, alleged to be the balance plus interest and fees due on a note. The other named Euclid Waterhouse defendant and was for $8,376.30, balance allegedly due on five notes. The suits were filed through Swafford & Woodlee, attorneys for the receiver.

ANNUAL SHRINE PICNIC WILL BE HELD AUG. 21

The annual picnic of the Alhambra Shrine members and their families will be held at Pan Gap Wednesday afternoon, Aug. 21, Stanley Lachman, general chairman, announced yesterday.

Festivities will get under way at 3 p.m. and a regular program will be carried out, closing with a dance from about 8 o'clock until midnight.

R. G. Sharp is in charge of the refreshments and promises those who will attend "all the fried chicken they can eat."

There will be swimming, water races and contests, softball and other sports in the afternoon, dinner at 6 o'clock, followed by a band concert between 7 and 8 o'clock.


Article Text

DAYTON BANK RECEIVER SUES TO COLLECT NOTES

Rufus A. Johnson, receiver of the American National bank, Dayton, filed two suits in United States district court here yesterday, asking recovery on notes held by the institution now in liquidation.

One suit was against Birdie Waterhouse, of Dayton, seeking recovery of $4,165.34, alleged to be the balance plus interest and fees due on a note. The other named Euclid Waterhouse defendant and was for $8,376.30, balance allegedly due on five notes. The suits were filed through Swafford & Woodlee, attorneys for the receiver.

ANNUAL SHRINE PICNIC WILL BE HELD AUG. 21

The annual picnic of the Alhambra Shrine members and their families will be held at Pan Gap Wednesday afternoon, Aug. 21, Stanley Lachman, general chairman, announced yesterday.

Festivities will get under way at 3 p.m. and a regular program will be carried out, closing with a dance from about 8 o'clock until midnight.

R. G. Sharp is in charge of the refreshments and promises those who will attend "all the fried chicken they can eat."

There will be swimming, water races and contests, softball and other sports in the afternoon, dinner at 6 o'clock, followed by a band concert between 7 and 8 o'clock.

PATTON SELLS KOLSTOKERS. 6-1413.