Closed Jan. 29, 1927 and placed in hands of a receiver; never reopened.
Events (6)
1.January 29, 1927Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and was placed in receivership due to failure/insolvency revealed by examinations
Newspaper Excerpt
which closed on January 29 and went into the hands of receiver
Source
newspapers
same day
2.January 29, 1927Receivership
Newspaper Excerpt
the National Union Bank, as receiver, allow attorneys for stockholders access ... Citizens Bank Trust company, which closed on January 29, and went into the hands of receiver
Source
newspapers
+6 months
3.July 22, 1927Other
Newspaper Excerpt
Dismissal of the action brought against the National Union bank as receiver for the Citizens Bank & Trust company which closed here January 29, is asked
Source
newspapers
+4 months
4.November 21, 1927Other
Newspaper Excerpt
fifth dividend of ... amounting to total of $204,000 ... Checks for the fifth dividend being issued under the order of Judge Wilson, dated November 21
Source
newspapers
+8 days
5.November 29, 1927Other
Newspaper Excerpt
The sale will take place at 11 a.m. Tuesday, November 29, in front of the building. No bids less than $134,000 will be considered
Source
newspapers
+3 months
6.February 28, 1928Other
Newspaper Excerpt
suit to be brought against the receiver be forthwith served upon the National Union Bank of Rock Hill, S. C., as receiver of the said Citizens Bank and Trust Company.
Source
newspapers
Newspaper Articles (21)
1.March 17, 1927The HeraldRock Hill, SC
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ACCESS TO BOOKS AND REPORT
Directs Receiver to Furnish Attorneys for Stockholders With Information
Two Orders Relating to Local Defunct Institution Handed Down by Judge court order directing the tional Union Bank, as receiver, allow attorneys for stockholdfull and free access to the port of the state bank examiner upon conditions and transactions of the Citizens Bank Trust company, was signed yesterday afternoon by Circuit Judge E. Dennis, now conducting court at Winnsboro. Two orders relating to affairs of the Citizens Bank & Trust Company, which closed on Janu29 and went into the hands ary of receiver, were signed Judge Dennis. The first directs that access given attorneys to records of the Citizens Trust company, and the second orders that access be given to records of the bank. attorneys Representatives of the National Union Bank, receiver, explained today that the position of the bank not that of covering up transactions or conditions of the Citizens Bank and Trust Company but was taken solely for the protection the receiver and to facilitate collections and settlement of the funct affaris. They said that backe court order, they were willing to comply with the court's directions. The information will be given only to attorneys for the stockholders, as the order directs, however, was pointed out. About fifteen stockholderes, who had been called upon to pay their liability stockholders, were resented the action to secure cess to the records by Spencer and White and by Wilson. fendants were represented by Dun all local law firms. The texts of the two orders are
State of South Carolina, County of York. Court of Common Pleas. Ex Parte Johnston, against Citizens Trust Company, Defendant.
ORDER Certain stockholders in the fendant corporation have moved before me for an order making them parties in the above entitled action for the purpose of pro tecting their rights as such and for further order requiring the National Union Bank, receiver of the said defendant to allow the attorneys for intervening stockholders access to any books any records as appear them necessary for the protection
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2.March 28, 1927The HeraldRock Hill, SC
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DIRECTORS SEEK PROBE OF LOCAL BANK'S FAILURE
Board Requests Reto Turn Over ceiver Data to Solicitor Glenn at Once
An investigation by Solicitor Lyles Glenn of circumstances connected with the closing of the Citizens Bank and Trust company here January 29 was asked by the beard of of the closed in stitution in resolution adopted at meeting Saturday, it was learnThe directors resolved "to take such may appear advisable necessary in order to protect the interest of depositors in the Citizens Bank and Trust mpany and the stockholders of both in stitutions, and to that end the National Union Bank, as receiver of both institutions, is hereby reques ttd to furnish to the solicitor this district at Chester, such copy or copies of the reports of the state bank examiner and audi as will enable the solicitor whether or not there has been any violation of the statlaws of the state South Caro lina on the part of either offidirectors, stockholders or depositors, and if such be found, that necessary steps be taken by the receiver of the two institutions about prompt indictment of party parties." The resolution further places the directors present at the meeting as "hereby signifying their willing ness to do anything in their power to bring to jount any party or partics." Directors present at the meeting were: J. Thompson Brown, D. Brown, Creighton, R Armstrong, Johnston, W. Per cival, W. O'Neal and Willis.
3.March 29, 1927The Charlotte ObserverCharlotte, NC
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SEEK PROBE OF DEFUNCT BANK
Board of Directors and Stockholders Hold Meeting in Rock Hill.
Special The Charlotte Observer ROCK HILL, March 28-An investigation of affairs of the Institution and transactions of all parties connected with the Citizens Bank and Trust company, which closed on January 29, has been requested of Solicitor J. Lyles Glenn, of Chester, it was learned today. The request was made by the board of directors of the closed bank in a resolution adopted by eight directors who attended a special meetIng. PROTECT DEPOSITORS. The directors resolved "to take such steps as may appear advisable or necessary order to protect the interest depositors in the Citizens Bank and Trust company and the stockholders of both institutions, and to that end the National Union Bank, as receiver for both institutions, is hereby requested to furnish to the solicitor of this district at Chester, such copy or copies of the reports of the state bank and auditors as will enable the 80licitor to ascertain whether or not there has been any violation of the statute laws of the state of South Carolina on the part of either officers, or depositors, and such be found. that necessary steps be taken the receiver of the two institutions to bring about prompt indictment of such party or parties.' The resolution further places the directors as "hereby signifying their willingness to do anything in their power to bring to account any guilty party or parties.' RECEIVER WILLING. Willingness comply with the request the directors AV. pressed the receiver, and Solicftor Glenn is expected to be in possession the desired reports within few days.
4.July 23, 1927The Greenville NewsGreenville, SC
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BANK WOULD HAVE ACTION DISMISSED
National Union Bank Of Rock Hill Denies Charges In Bank Case
ROCK HILL, July 22.-(Special)Dismissal of the action brought against the National Union bank as receiver for the Citizens Bank & Trust company which closed here January 29, is asked by the former institution in an answer filed today to the of a group of stockholders in an answer in the Citizens bank seeking recovery of damages alleged to have been suffered through purported fraud, negligence and violation of banking ethics on the part of directors and officers. The National Union bank was made a defendant party in an amended complaint filed a short time ago as a counter move to the demurrer by the directors in answer to the original complaint. The firms of John Roddey and Dunlap & Dunlap represent the receiving institution. The answer of the receiver admits all such allegations as those pertaining to the history of the Citizens Bank & Trust company. to the identity of the officers, duties of officers, etc. It does not undertake to affirm deny charges. with the exception the receiver. that officers and directors neglected and failed to perform their duties. and other charges of improper or fraudulent transactions. It points out that these allegations concern the other defendants them. and should properly be answered by The receiver admits that loan was made to W. W. Bradley, former state bank examiner. and says that every effort has been used to collect it. So far, small part of it has been paid, it was stated.
5.July 23, 1927The Charlotte NewsCharlotte, NC
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Rock Hill Bank Answers Charge of
Rock Hill S. C., July the amended group of stockholders the defunct Citizens Bank and Trust Company here in which the National Bank as receiver was named defendant party, has been filed with Clerk Court in York by attorneys for the National Union Bank, it was learned today. The answer was filed Thursday The Union was not made in the complaint, but the defendants in the form of demurrer in which was held that the alone was entitled to bring such action, an amended complaint was filed naming receiver defendant and charging that stockholders have been unable persuade the ceiver to action. Damages alleged negliof ethics fraud are alleged by the plaintiffs in action to recover, and to force each officer and director to account in full for his administration
Flue and carbon dioxide used prevent dust explosions industry
6.November 8, 1927The StateColumbia, SC
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PLAN TO SELL ROCK HILL BANK
Property of Defunct Citizens Bank and Trust Company Advertised. Special to The State. Rock Hill, Nov. Notice of sale building, furnishings January by the National signed Judge The sale take place Tuesday, 29, front the building. No less than $13,400 will the first mortgage by the Nolting Mortgage Va., trustees, for $99,000, while the receiver demands not less for bene. structure was completed two $200,000 and cated the of the city's occupies site original St. John's dist church edifice Possession the be given the chase December Terms within five days; one-third within six months and the bulance within 12 months.
Master for Fairmont. civil vice today that an would be held early date select postmaster county. The exact will
SELL EFFECTS OF CLOSED BANK SOON
Rock Hill Bank Building And Fixtures To Be Sold Out Shortly
ROCK HILL. Nov. -(Special) Notice of sale of the building. furnishings and fixtures of the Citizens Bank and Trust company which closed on January 29, 1927, was given today by the National Union bank, receiver, under an order signed by Judge John S. Wilson. The sale will take place at 11 m. Tuesday, November 29, in front of the building. No bids less than $134 000 will be considered, the notice said. A first mortgage on the building is held by the Nolting First Mortgage company. of Richmond, Va., trustees, for $99,000 while the receiver demands not less than $35,000 for benefit of depositors. The five story structure was completed about two years ago at cost of approximately and is located in the center of the city's business district. It occupies the site of the original St. John's Methodist church edifice. Possession of the property would be given the not less than December 28. 1927 Terms provide one-third in cash within five days: one-third within six months and the balance within 12 months.
8.November 9, 1927The Charlotte ObserverCharlotte, NC
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DEFUNCT BANK BUILDING IN ROCK HILL FOR SALE
The ROCK HILL Nov. 8.-Notice of of the building furnishings and fixtures of the Citizens Bank and Trust company, which closed on Jan. uary 29, 1927. was given today by the National Union receiver order signed by Judge John The will take place at 11 Tuesday in front of the building No bids of less than will be considered the said first mortgage the building is held by the Nolting First Mortgage com$99 000 while the demands not less than $35,000 for benefit of The five story was com. pleted two ago cost of and is located in the of the city's business district the site of the original St. Johns Methodist church Possession of the be the purnot than 28. 1927 Terms provide one-third in third with six months and the balance within
9.November 22, 1927The Charlotte ObserverCharlotte, NC
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SHURLEY IN FEAR OF PREJUDICED JURORS
GLENN FIGHTS CHANGED VENUE
Court Rules Today on Petition of Former Banker for Trial in Another County.
Observer vice president of the zens Bank and Trust company of facing five indictments Rock for law violations connection with the failure of that institution not until tomorrow will be tried by York whether he or of another jury When convened here this morning his presented petition. supported by about score of alleging that on of the state public count was for Shurley have fair trial in York county to attributing prejudice against Shurley in large measure to the influence of the officials of the Union National bank of Rock receivers of the and of the out of the bank's
SEEKS FAIR TRIAL order that Shurley might Impartial trial in county of he sixth judicial district where pub. le sentiment would not prevail for the receivers of the Attorneys Citizens bank. those being president of the Union Na bank his the other defendants the bank asked Judge John Wilson his decision as to grant change of venue until in order that they answer the request was granted. Solicitor Lyles Glenn opposed motion for change venue and offered number affidavits representative citizens of parts declaring that here no reason could not have and impartial rial against W B. Klugh former of the defunct bank and W W. Bradley. former state bank exwere the illness of of because another member heir W. of Ab In asking for change that and believes the of the Citizens bank in structed concen their the record Shurley and W Klugh and that they not any audit report except one which was on its injurious to Shurley It further set forth that Shurley has been informed that one or more the officers and directors of the Union National bank. receivers, have made use of their office prejudice inflame the public against Shurley and to lay all the blame for the the him order to shield prest of Johnson and W. R. Armstrong, dialleged that newspaper aroused prejudice Shurley are Hemphill and Wilson Rock former Gov Blease and Claude of Columbia.
10.November 22, 1927The ItemSumter, SC
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OF VENUE YORK
Vice President of Defunet Rock Hill Bank Cannot Obtain Fair Trial in York County
Nov ley. active vice president defunct Citizens' Bank and Trust company of Rock Hill, facing indictments for violation connection with the failure that institution, not know until morrow whether will tried York county that or another county. When court convened morning his attorneys presented supported about score of affidavits, alleging that account of the inflamed state public mind would be impossible for Shurley have trial York and attributing prejudice Shurley large to the the of the National Union bank of Rock Hill, receivers the closed bank and of the other the of the bank's Change venue in order that Shurley might trial county Sixth judicial where public not prevail Attorneys for Roddey, president the National Union bank and his of Citizens' other the asked Judge John withhold his ing change morrow order that they might answer allegations in petition, which request grant-
Solicitor Lyles the change venue and number affidavits from citizens parts county declaring that there was reason why Shurley could have impartial trial in York county. Cases against Klugh, mer cashier the defunct bank, and former state account of the illness ron of Union, one their attorneys and because another member thir counsel, Greene, of Abbeville, unavoidably In Shurley's petition asking change venue alleged that he is informed and believes that the receivers the Citizens' bank instructed their their attention the record of Shurley and Klugh and that they were isfied with any audit report except which on its face to Shurley. is further forth that Shur ley had been informed that one of officers direcNational Union bank, had made of their office to prejudice Inflame the public against to lay the blame for the failure the bank him order shield the closed bank, and and W. direcis also alleged that paper stories have prejuagainst Shurley. Hemphill Wilson Rock Hill Cole L. Blease and Claud Sapp Defendants the bank than and Klugh are Johnson and W. Brad-
11.November 22, 1927The HeraldRock Hill, SC
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PROBABLY ARGUMENT HEAR THIS LATE
Trial Of Assault Case Blocks Developments At York
INTEREST IS HIGH
Crowd Expectant As Decision On Venue Change Nears
Nov. Herald Cor York, goodly crowd at the courthouse and thousands the county waited throughout pectantly for further developments in cases growing out of the failure of the Citizens Bank Trust company of Rock Hill, general sions court today continued to plug along the trial of E. Mickle and Frank charged criminal assault upon negro girl.
The case pected to to the jury during day in second attempt to the afternoon and arguments bear ing on motion by John R. Shurley, former vice-president of the Zealand. defunct bank, for change of venue are probably to be resumed when by the Profiting the jury has retired. perience, Giles made Testimony had been completed ease and his and all except two made than 5,000 pounds arguments in the alleged assault The with 390 gallons case. weight of the state's testimony gained altitude easily. was that the negro girl had been lured Makes Graceful into an automobile with Grant and Mickle along withh re male escort that they had been driven to the in off the runway 20 country where the boy negro was the ter clearing and that the girl had been San Francisco over driven to where away spot she tude of about 200 feet. was attacked twice by each of th Captain Giles' last white men. The defense sought to will hear from prove that the white had men ranged with the boy to negro secure The plane passed negro and that their westernmost point of tions were not the opposed by girl.
Field officials said the flier got seconds. Afstruck out Bay at altian words were: me in day Land's End, San Francis CO, at 7:39 and struck out
Wilson and John R. Hart of Rock Hill and York respectively for the defense, and H. Macauley and Arthur Gaston, both of Chester, assisting the prosecution had completed arguments before 30 adjournment for luncheon. Thomas of York, and Solicitor Lyles Glenn, of Chester had still make their arguments and John Wilson to charge the jury before the case was placed in their hands. No report will be received from the grand jury before next Monday when they have been ordered return and prepare Judge Wilson said yesterday that he would today make known his decision on the petition Shurley for change of venue for trial indictments against him after hearing replies of attorneys representing other defendants and the National Union Bank, receivagainst whom charges of citing public opinion against Shurley were preferred. W. O'Neal, former president: Armstrong and Johnformer vice-presidents, and ston, Brown. former director, have announced that they are prepared to trial of charges to proceed
Start
Sighted Out at Sea The lookout station of the Ma of the Chamber of rine department Commerce reported that he was sighted the Farallone over miles out, 7:50 without goggles or helHatles, met and dressed in light business suit, Captain Giles donned only life belt as added trappings for the mile flight. He carried radio, no life no parachute and no sextant, being unable use the gating instruments. Trusts Luck and Skill Thus equipped, he trusted good to luck, ability to guess the amount of his drift and the time honored method of dead reckoning fly over trackless waste water which already has claimed seven fliers who attempted the feat. Captain Giles planned the hop last August when overseas entered the Dole flight competition and essayed to fly from Detroit to San Francisco, the starting point. He failed to reach his destination because of series of minor mishaps. Several ago he headtoward San Francisco his the "Wana" named in plane, Miss Wanda of Wyandotte Mich, sister of the builder of the ship.
Has Good Weather That time he came to grief at Elko, Nev., when in taking off he made ground loop and badly damaged the machine. The plane was crated and sent here for repairs. After days of waiting for favorable weather he took off last Saturday but was forced to return because of heavy fog 20 miles out. For greater part of his flight, Captain Giles should encounter "medium good weather" with the winds mostly north and northeast all the way, the San Francisco weather bureau The flyer should not run into rain atmospheric disturbances until the islands are reached where local showers are reported, the weather bureau announced.
12.November 22, 1927The HeraldRock Hill, SC
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DIVIDEND OF CENT PAID PER TO DEPOSITORS
Announces Total Receiver Of $204,000 From Return Citizens Bank Assets fifth dividend of Issuance of amounting to tota' per cent than $20,000 by the of more Union Bank as receiver National Citizens Bank and Trust for the was announced today company total dividend of 50 making more than $204,000 cent involving depositors and commor paid to the defunct bank by creditors the institution. receiving Prior to the issuance of dividend of the Citichecks depositors zens Bank and Trust company for bills total sum of $282,000 the Nation rediscounts was by redeiver. This Union Bank, $204,000 paid amount was above to depositors. Checks for the fifth dividend being issued under the order of Judge Wilson, dated November 21 and are now ready for distribution the Citizens Bank building. was stated by officers of the receiving institution that another dividend would be paid but the per cent could not be determined the present time.
13.November 23, 1927The Charlotte ObserverCharlotte, NC
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EX-BANKERS DENY SHIFTING BLAME TO SHURLEY
ANSWER PENDS IN VENUE PLEA
Court to Decide if Four Defendants in Bank Crash Will be Tried Together.
The Charlotte YORK, Nov. John R. Shurley and three other defendants, with conspiracy to defraud in connection with the failure of the Citizens Bank and Trust company of Rock Hill will be tried in York county or or whether the case be separated by the court and Shurley granted change of venue as he desires and the other defendants tried in York county, as they are willing to be, still undetermined when court here today and will not be decided until The matter of the change of nue was not taken up until late in the afternoon arguments and against had not been completed taken ANSWER CHARGES. Answers made today by W J. Roddey, president the tional Union bank of Rock Hill, ceivers of the Citizens and by O'Neal. D. Johnston and W. R. Armstrong. officials of the defunct bank and defendants in the case with Shurley, the charge in his yesterday that receivers and other defendants had exerted them selves to arouse prejudice against Shurley Dunlap and Dunlap. attorneys. for the National read an from W. Roddey, president of the in which he stated he and his ates are indifferent as to the out come of the motion for change of venue and anytime had any interest the criminal cutions arising out of the failure of the bank Attorneys O'Neal Johnston fidavit signed by each of these de fendants in which was said that they had attempted ate or spread propoganda against Shurley, that they never have by concerted otherwise to divert public sentiment from themselves but all times they right their innocence, and that they are not seeking to put any blame on any other person. Johnston and Armstrong have not asked for change venue but their willingness tried Attorneys for both the state and defense that Judge John H. Wilson can separate the cases or can direct that Shurley and the other defendants be tried together Arguments in behalf the change of venue were made by WIIson, of Rock Hill, and Claud Sapp of Columbia and the motion by Roach Stewart of Lancaster.
Dividend Is Paid By Defunct Institution
ROCK Nov. of cent dividend among and common creditors the defunct Citizens Bank Trust company began today, bringing total amount returned the National Union Bank receiver, $204,000, or 50 The Union bank was callupon to pay out returned for bills and rediscounts due defunct bank, announced the receiver. Issuance of the latest dividend was authorized Monday Judge John Wilson, presiding sessions York. fifth the rethe amount which is not for the receiving institution stated The five-story building erected about two years sold next Tuesday public auction for than $125,000. Much greater than the time the bank collection than
15.November 30, 1927The Charlotte NewsCharlotte, NC
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Rock Hill Bank Fails to Bring Court's Price
Rock Hill, C., single bid was received yesterday for the building and fixtures of the Citizens Bank & Trust Company at the stipulated minimum price of $125,000. L. Bennett, tioneer, representing the National Union Bank, after for short time, ordered the sale closed. The property was offered for sale subject to first mortgage of $90, 000 held by the Nolting First Mort gage and a stipulated margin torneys agreed that the property failed to bring the tion would be made to the for an order of sale to the bidder The property will be sold during December, was said
16.February 29, 1928The HeraldRock Hill, SC
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suit to be brought against the receiver be forthwith served upon the National Union Bank of Rock Hill, S. C., as receiver of the said Citizens Bank and Trust
Company.
J. K. HENRY, Judge 6th Circuit. Dated 28th. Feby., 1928.
17.May 30, 1928The Index-JournalGreenwood, SC
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Arguments Mark Trial Of Bankers
YORK. 8. C., May Frequent over the admissability of evidence la the of O'Neal, president, and Johnston, director of the Cititens Bank and Trust Company, of Rock HILL on trial on a charge of paying unearned dividends, took up much of the early session to day. Three witnesses were called for the state Ben Neely, active teller and assistant cashier of the closed court. of York county, and B. T Dickscn. who, as répresentative of the National Union Bank, receivers, is one of those in charge of IIquidating the affairs of the defunct
18.May 30, 1928The StateColumbia, SC
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COUPLE HEARD IN CASE AT YORK
Jury Hears About Bank Failure.
ATTEMPT TO QUASH
Defense Seeks Easy Way but Meets Successful Opposition by Solicitor.
Special to The York May jury had been ob. tained and two heard in the of O'Neal president of the defunct Citizens' Bank & Trust company Rock Hill, and D. Johnson, with paydjourned for the day here late this afternoon. the case was called attorneys for the defendants moved to quash the the ground that no two clients of the board directors of the and that the dividend was not violation of the criminal argued, however, that the question any stock the proce and receive After each Judge overruled the quash the indictment and the jury difficulty the S. Cham The two heard this employe of the the Citizens bank and the bank the legal papers belonging to the McCaw's about draft the Highland Park which Johnston was Caw when the bank bank him three days. when he gave Johnston at the latter's In response to the defenses about the draft the that irrelevant said the had been counted and the introduced bear out the the fully aware the correct financial condition institution, had clared and published false state. as to its assets and liabili-
19.June 2, 1928The Watchman and SouthronSumter, SC
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COOLIDGE BANK SPEAKS IN COURT GETTYSBURG YORK
Theme of Memorial Day Ad- Defendants Make Unsuccessdress is World Peace and ful Effort To Have the International Good Will Indictments Quashed
Gettysburg. May York, May Delivering Memorial Day ad- obtained and two witnesses heard dress famous Gettysburg the case presibattlefield, President Coolidge dent the defunct Citizens' Bank upon whole today to Trust Rock company help establish peace home Johnson, abroad. Such efforts, he said, charged with paying unearned least due those idends, when court adjourned for had given their the Unit- the late afternoon for whose honor Me- When called morial Day was aside. torneys the defendants moved Speaking from almost the quash indictment on spot whence Lincoln made his ground that contained no allegamortal Gettysburg Presi- tion their two clients dent Coolidge thousands majority of the board of residents and rectors bank and the paymore whom had jammed the ment of stock dividend was not route from the station na- violation the criminal code. tional cemetery. Received by the The state argued, however, that local escorted the stock dividend question speakers platform. Coolidge not an ordinary one, began speaking after been made whereLincoln's address had been read. by any stockholder not agreeable Stressing America's desire for the procedure could Coolidge said that stock and receive like amount in thing above all cash other After extended arguments on tions peace. each side Judge Grimball overruled added the inter- the moion quash the indictment the the jury bealmost impossible Little difficulty conceive perienced securing earth which would affect which composed injuriousy farmers. Chambers is foreadded, whether intended not man engaging would The witnesses heard this thereby engaged afternoon Dickson, course prejudicial ploye National Union bank Coolidge the of Citizens bank, and now being made by this McCaw, assistant cashier country the trace of war bank when closed its doors. the future. The present nego. Dickson merely identified chartreaty deed and other legal papers termed the most impres- belonging bank peace the world McCaw's testimony was princiseen draft the Highland noticing very favorable Park company reception given which Johnston was employe, the what became of when the gestions an treaty, Mr bank failed. McCaw testified that Coolidge the hope that when the bank examiner took the efforts the foreign charge the bank he took the "find the home with him and kept problem peace find three days, when may gave practical realization Johnston the latter's early request. multilateral treaty In to the defense's future resort to jection testimony about the urged his audience draft the ground that work peace by developing Solicitor Glenn good the draft had been citizen- counted arguing that these cash and the evidence was inprinpeaceful peoples bred. troduced to bear state's He said although Ameri- contention that the defendants military was fully the atively country found condition of the institution, had its chief defense its declared and published false prosperity industry the patriotism statement as to its assets and its people, qualities which bilities. large armies and than END OF BUNION DERBY Rain throughout forenoon kept down attendance at the Transcontinental Foot Racers and 000. in New York Soon after noon downpour changed light drizzle New York, May until about the time of the president's footracers Soon reached the end of the president began his came out, but whether the expected pot too of gold will be their late feet reward most mains be seen. the crowd who trod the damp grass the ros- One hundred and trum. runners and walkers from nearly The little old town of Gettysburg state of the as well in hon- from various foreign took or of the and up chase for Pyle's streets citizens eager money in Los Angeles March for glimpse of the nation's chief days and executive. Even the tiny railroad miles later, end came Madstation sported new coat of ison Square Garden here last night paint. The official field had presidential party pre- shrunk The hardships of ceded the cemetery by jaunt had taken parade of children bearing of the rest and them put out flowers and by patriotic and civic the running. The trek done, Andrew Payne,
20.March 5, 1929The HeraldRock Hill, SC
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PROGRESSIVE MADE CITY MERCHANTS FOR BY
CHANGE OF VENUE DENIED BY JUDGE
Hearing on Bond Payment for Bank Officials To Be Held March 18
With denial yesterday motion for change of venue hearing on the payment the surety bonds covering Klugh and John Shurley, cials of the defunct Citizens Bank and Trust company of Rock Judge H. H. Watkins, of Anderson, set the case for the ternoon of March 18 at Rock Federal court will convene this city on that day. The bonding company covering the officials with surety bond claimed that fair and impartial hearing could not be accorded in ths city because of feeling against the men as the result the bank's failure. Dunlap, of Dunlap city, went to Spartanburg the motion in behalf of the bank's receivers. Haynsworth Haynsworth, of Greenville, represented the bonding company.
Enthusiastic Meeting Held Today Brings About Outline of Ambitions forward program for 1929 presented to the Rock Hill Merchants association today President Sam Reid who presided the first time since his election month.
Among the projects for the Doubling the present membership.
Increasing the trade territory. Encourage closer co-operation between merchants of the munity. Co-operate as fully possible with the activities of Winthrop College. President Reid, who representative the wholesale of the community, suggested increase membership through all business channels, involving other than strictly retail merchandising concerns. The first meeting under administration of much interesting discussion among the membership.
21.April 22, 1930The HeraldRock Hill, SC
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Court Hearing Case Of Wilson Against Bank
(By Herald Correspondent) York, April 22.-Common pleas court here has been engaged all day in the trial of the case of W. B. Wilson, Rock Hill attorney, against the National Union bank as receiver of the Citizens Bank & Trust company of Rock Hill. The indications are that the trial will not be completed before tomorrow. The plaintiff is suing for $30,000 on account of alleged personal injuries suffered when he fell down an elevator shaft in the Citizens Bank & Trust company building the night of December 4. 1927. He suffered broken bones and bruises in this accident and as the result it is alleged his health has been permanently impaired. The plaintiff charges the accident was due to the carelessness, wilfulness and wantonness of the defendant, all of which allegation the defendant denies. Three witnesses testified for the plaintiff this morning. These were W. B. Wilson himself, Dr. W. E. Simpson and Dr. Roy Sumner Attorneys for the plaintiff are Spencer & White, Thos, F. McDow and Hart & Moss. The defendant is represented by Dunlap & Dunlap.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Citizens Bank & Trust Company · Episode ID 67007671525
