Bank of New Hanover (Wilmington, NC)

Episode Information

Episode UID
7987513191122
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
798751319 hash
Start Date
June 19, 1893
Location
Wilmington, North Carolina (34.226, -77.945)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
550b6f33e696a7ea

Response Measures

None

Description

Later reporting alleges officers absorbed large sums, suggesting misconduct after the suspension.

Events (3)
1. June 19, 1893 Receivership
Newspaper Excerpt
the Bank of New Hanover has been forced to make an assignment to Junius Davis in the interest of all concerned. Depositors will receive dollar for dollar.
Source
newspapers
2. June 19, 1893 Run
Cause
Macro News
Cause Details
Large withdrawals combined with the general stringency of the money market caused depositors to call for funds, precipitating a run.
Measures
Bank posted notice of assignment; unpaid collections turned over to Wilmington Savings and Trust Company for remittance.
Newspaper Excerpt
Owing to the withdrawal of more than $320,000 of deposits and notice of over $150,000 intended withdrawal...
Source
newspapers
3. June 19, 1893 Suspension
Cause
Macro News
Cause Details
Inability to realize quickly upon assets due to money-market stringency combined with heavy withdrawals forced assignment and suspension.
Newspaper Excerpt
The Bank of New Hanover was not opened this morning; notice posted announcing assignment to Junius Davis.
Source
newspapers

Newspaper Articles (23)
1. June 19, 1893 Evening Star Washington, DC
Article from Evening Star, June 19, 1893

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DEPOSITORS WILL BE PAID. The Bank of New Hanover, N. C., With S1,200,000 Assets Assigns. WILMINGTON, N. €., June 19.-The bank of New Hanover was not opened this morning and following notice was posted on its doors: "Owing to the withdrawal of more than $320,000 of deposita and notice of over $150,000 intended withdrawal maturing in a few days, and also to its inability to realize quickly upon its assets on account of the stringency of the times, the Bank of New Hanover has been forced to make an assignment to Junius Davis, in the interest of all concerned. Depositors will receive dollar for dollar and the business will be wound up as rapidly as possible. (Signed) "A. L. SMITH, Cashier." The general belief here is that the above statement is entirely fair and honest. The assets are estimated at $1,250,000, the liabilities at $800,000. All unpaid collections of Bank of New Hanover have been turned over to the Wilmington Savings and Trust Company for remittance. The closing of the Bank of New Hanover was followed by a run on Wilmington Savings and Trust Company and the bank was crowded with depositors. The bank is paying full amount on all deposits of $90 or under and $90 on all larger deposits. No depositor under this rule can draw over $90 without thirty days' notice. There seems to be no doubt of the entire solvency of this bank and that it can meet every obligation. The run on the Wilmington Savings and Trust Company continues, but confidence is being restored by the official assurance of J. N. Atkinson, president, and H. Walters, vice president, that every dollar on deposit will be paid out continually in the regular course of business and that the doors of the bank will not be closed. Concerning the Bank of New Hanover it may be said with certainty that depositors will not lose a doliar.

2. June 20, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, June 20, 1893

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To the Wall. WILMINGTON, N. C., June 20.-The bank of New Hanover did not open yesterday. Assets are estimated at $1,250, 000 and liabilities at $800,000. Columbus, O.-J. & G. Butler, wholesale grocers, assigned yesterday to Charles B. Butler. The liabilities are $50,000, and assets from $80,000 to $100,000. They have been in business since 1854.

3. June 20, 1893 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, June 20, 1893

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CLOSED BY A RUN. A North Carolina Bank Forced to Suspend Temporarily. WILMINGTON, N. C., June 19. - The Bank of New Hanover has failed. Its assets are $1,250,000 and its liabilities, $800.000. A notice on the door of the bank says that, owing to the withdrawal of $320,000 in deposits and a notice of the withdrawal of $150,000 more, and because of the inability of the bank to realize quickly on its assets. it has been decided to assign. Depositors will be paid in full. The failure caused a run on the Wilmington Savings and Trust company. It is requiring the 30 days required by law on sums over $90. It is believed to be entirely solvent.

4. June 20, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, June 20, 1893

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A $90,000 MORTOAGE Wiluingion House in Deep Wat. er- Confidence Restored. WILMINGTON, N. C., June 20.-Adrian & Vollers, wholesale groceries and liquor dealers, one of the oldest business houses in the city, have assigned with preferences The failure was precipitated by that of the Bank of New Hanover in whose favor they executed a mortgage for $90,000 some months ago. But few depositors called today for their money at the Wilmington Savings and Trust company's banking house, and some of those who withdrew their money yesterday have already returned it. Deposits are being made bv business men this morning.

5. June 20, 1893 The Durham Daily Globe Durham, NC
Article from The Durham Daily Globe, June 20, 1893

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THE failure of the Bank of New Hanover, at Wilmington, was due to some foolish depositors who became frightened. The stock of the bank found a ready sale at forty per cent premium, and now, be. cause of an unexpected run, depositors, it is feared, will not be paid in full.

6. June 20, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 20, 1893

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A NORTH CAROLINA BANK ASSIGNS. ASSETS LARGELY EXCEED LIABILITIES, BUT THE STRINGENT MONEY MARKET PRE VENTS REALIZATION. Wilmington, N. C., June 19. -The Bank of New-Hanover was not opened this morning and the following notice was posted 611 the door : Owing to the withdrawal of more than $328,000 of dc. posits and notices of over $150,000 intended withdrawal maturing in a few days, and also to its inability to realize quickly upon its assets on account of the stringency of the times, the Bank of New-Hanover has been forced to make an assignment to Junius Davis in the interest of all concerned. Depositors will receive dollar for dollar, and the business will be wound up as rapidly as possible. W. L. SMITH, Cashier. The general belief here Is that the above statement is entirely fair and honest. The assets are estimated #1,250,000; the liabilities at $800,000. All unpaid collections of the Bank of New-Hanover have been turned over to the Wilmington Savings and Trust Company for remittance. The closing of the New-Hanover Bank was followed by a run on the Wilmington Savings and Trust Company. which is paying the full amount on all deposits of $00 or under, and $90 on all larger deposits. No depositor can draw over $90 without thirty days' notice. Confidence is being restored by the official assurance of J. W. Atkinson, president, and 11. W. Walters, vice-president, that every dollar on deposit will be paid out continuously in regular course of business, and that the doors of the bank will not be closed. Concerning the Bank of New-Hanover, it may be said with certainty that depositors will not lose a dollar.

7. June 20, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, June 20, 1893

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and iron and pipe mill of the company are located in Pittsburg. They also have foundries, shops and offices in Oil City, Bradford, Connecticut and Ohio, and own property in New York, Ohio, Indiana, Illinois and West Virginia, as well as in Pennsylvania. They employ over 1,500 clerks and operatives. NEW YORK, June 19.-The Eaton, Cole & Burnham company, manufacturers of brass goods at Nos. 82 and 84 Fulton street, was today placed in the hands of a receiver. Inability to meet maturing obligations is the cause of this action. BUFFALO, N. Y., June 19.-J. N. Adam was appointed temporary receiver of the George L. Squire Manufacturing company. The appointment was made on application of the company. The chief cause of the present financial embarrassment of the company is due to the stringency of the money market and inability to realize readily on work done. The liabilities are about $200,000; assets, $115,000. An approximate estimate of the gross assets of the concern is $306,000. NEW YORK, June 19.-Justice Lawrence, of the supreme court, has appointed Henry J. Braker receiver of the Cassel Publishing company in an action brought by H. S. Archer, director and former vice president, on ailegations that it has become insolvent. The company's financial condition is attributed to its president, Oscar M. Dunham, floating $180,000 worth of notes for his own obligations, it is declared. Dunham has disappeared. COLUMBUS, O., June 19.-J. and G. Butler, wholesale grocers, assigned today. Liabilities. $50,000; assets, $80,000 to $100,000. The cause is the financial stringency of the times. PITTSBURG, June 19.-The third and final account of the assignee of the famous Penn bank, which failed seven years ago for $3,000,000, was filed today. The balance on hand will be sufficient to pay the creditors 1/8 of 1 per cent, or 12 per cent in all. WILMINGTON, N. C., June 19.-The Bank of New Hanover did not open this morning. Assets estimated at $1,250,000; liabilities at $800,000. The closing of the Bank of New Hanover was followed by a run on the Wilmington Savings and Trust company, and the bank was crowded with depositors. The bank is paying full amount on all deposits of $90 or under and $90 on all larger deposits. There seems to be no doubt of the entire solvency of this bank and that it can meet every obligation. BOSTON. June 19.-The Little Kanawha Lumber company, a Maine corporation. capital stock of $500,000. with $347,000 actually paid in, is financially embarrassed, and has been placed in a receiver's hands. The assets are $1,100,000; liabilities $785,000, consisting of negotiable paper. On account of the failure of the company the firms of Andrew F. Leatherbee, W.H.Leatherbee & Sons and the Taunton Lumber company have assigned. NEW YORK, June 19.-Heicht Bros., importers and dealers in laces and fancy goods, today confessed judgement for $36,000 to Esther Heicht, and for $21,287 to Schafer Bros. for money lent. Executions on both judgments have been issued to the sheriff.

8. June 21, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, June 21, 1893

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stesippl. to be United States Attorney of the Northern District of Mississippi. A dispatch from Madrid says that a revolue tionary outbreak is reported to have taken place in Barcelona. Details are lacking. A report is In circulation at Washington that Paymaster John Ciyde Sulliven. who was re. cently reprimanded by the Navy Department for criticising the government's position in the Bering-Sea controversy. will be court-martialed for the em bezzlement of $13,000 of government funds. Adrian & Vollers, wholesale grocers and liquor. dealers, one of the oldest business-boases in Wilmington, N. C., have assigned, with preferences, tueir failure being precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago. At Ridgewood. N. J., yesterday the boller of the Ridgewood Stone-Crusher Works exploded with a terrino report and completely wrecked the engine-house, Superintendent John Bogert being instantly killed. his body being blown about filty feet and Engineer Jobn Harrington being fatally hurt. The Pall-Mail Gazette (London). which is an orgau of the Conservative party, says that it is the intention of the government to abandon the financial clauses of the Irish home-rule bill and to substitute in their stead new clauses empowering the Irish legislature to frame its own budget to the amount of £5,000,000, which, however, will have to be submitted to the Imperial Parliament for ratification. Patrick H. Winston, United States Attorney: Thomas R. Brown, United States Marshal; An. drew Wasson, United States Collector at Port Townsend: C.J. Mulkey, United States special agent. and six special inspectors of customs in the Paget-Sound district. all in the State of Washington, have been dismlased as a result of reports made to Secretary Carlisle by SpecialTreasury-Agents Wood and Lewis. being charged with connection with one of the most extensive and successful conspiractes ever formed to smuggle Chinese and opium into the United States across the far northwestern territory.

9. June 21, 1893 The Morning News Savannah, GA
Article from The Morning News, June 21, 1893

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Wholesale Grocers Fail. Wilmington, N. C., June 20.-Adrian & Volers, wholesale grocers and liquor dealers, one of the oldest business houses in the city, have assigned with preferences. The failure was precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago.

10. June 21, 1893 The State Chronicle Raleigh, NC
Article from The State Chronicle, June 21, 1893

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The Wadesboro Bank Closes. Charlotte Observer. WADE BORO, June 19. - Twenty minutes after 9 o'clock this morning a telegram was received by J. A. Leak, president of the Bank of New Hanover at Wi!mington, stating that that bank had assigned. The bank here is a branch of the Wilminton bank and its doors closed immediately upon the receipt of this message. Notwithstanding the Wadesboro bank is a branch bank, its books have been kept separate and distinct from those of the Wilmington bank, and so far as it is concerned it is believed that all depositors will be paid in full if it is possible to settle the affairs of the two banks separately. It is not known here how bad the Wilmington break is, but the worst is feared. The bank here had the unbounded confidence of our people, and the news of the failure was a terrible shock. Its last statement showed that it had about $169,000 in deposits, and standing alone there was not a better managed or more solvent bank in the country. Business of every description will suffer, but our citizens are taking as cheerful a view as possible of the situation and are hoping for the best.

11. June 21, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, June 21, 1893

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YESTERDAY'S FAILURES. An Oregon National Bank Goes to the Wall. WASHINGTON, June 20.-Comptroller Eckels has been informed of the failure of the Linn County National Bank of Albany, Oregon. The capital stock is $100,000. Bank Examiner Jennings has been placed in charge. WILMINGTON, June 20.-Adrian & Vollers, wholesale grocers and liquor dealers, one of the oldest business houses in the city, has assigned with preferences. The failure was precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $200 000 some months ago. But few depositors are calling for money at the Wilmington Savings and Trust Company's banking house to-day, and some of those who withdrew money yesterday have already returned it. Deposits are being freely made by business men this morning. CHIGAGO, June 20.-The General Engineering Company, of Harvey, III., has assigned, and the liabilities are said to be $75,000. MINNEAPOLIS, Minn., June 20.-Jas. McMillan, of Minneapolis, has made a voluntary assignment to M. C. Fletcher. McMillan was in the hide and fur business until a short time ago, when his business was transferred to a corporation known as James McMillan & Co. The assignment does not affect this corporation. Fletcher estimates his assets at about $700,000, liabilities, $250,000. Of the liabilsties 60 per cent. are foreign creditors, persons who have made assignments of goods to him, or furnished capital. The other 40 per cent. is Minneapolis people. MINNEAPOLIS, June 20.-The People's Bank of this city suspended payment to-day. Assurances are given that the depositors will be paid in full. The suspension is caused by the assignment of James McMillan & Co., hide merchants. McMillan was president of the bank, and since his fanancial condition became known there have been large withdrawals from the bank by the de. positors. This finally forced the suspension, although the bank officials declare the institution to be perfectly solvent. The bank is only two years old, and its paid-up capital was but $100,000. The suspension caused but little comment, as the bank was known to be small and weak. RICHMOND, Va., June 20.--Isaac Held, a dry goods merchant of this city, made an assignment to-day. His liabilities are $10,500. CHATTANOOGA, Tenn., June 20.-The assignment of the City Savings Bank yesterday caused scarcely a flurry in financial circles to-day. The Chattanooga Savings Bank, as a precautionary measure, took advantage of thesixty days' notice of withdrawal of deposits. None of the banks lost deposits today, and in most of them deposits increased. The community is so confident that the depositors of the City Savings Bank will be paid speedily in full that merchants are offering to take their checks at par in payment of merchandise. The agent of Dun & Co. denies that the failure was caused by erroneous information furnished by them in con. fusing the name, City Savings Bank," with that of the Penny Savings Bank, an institution which was embarrassed. There is some likelihood that the City Savings Bank may arrange its affairs so as to resume. WILMINGTON, N. C., June 20.-At a meeting of the executive committee of the Wilmington Savings: Trust Company held here to-day, it was decided that, beginning June 28 h next, de-

12. June 21, 1893 The Sun New York, NY
Article from The Sun, June 21, 1893

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MINOR BUSINESS TROUBLES. Failures Here and There About the Country -Stringency of the Money Market. NASHUA. N. H.. June 20.-The Colony Manufacturing Company of Wilton assigned yesterday. The liabilities are estimated to be $168,000 and the assets simply amount to the plant. buildings, and some goods on hand. It IS estimated that not more than fifty cents on the dollar can be realized from the assets. Several Nashua merchants were stockholders. and will lose heavily. The corporation has carried on a woollen manufactory and has done an extensive business. It employed,200 hands. The cause of the failure is said to be inability to sell the goods. and also that the company paid too high wages. COLUMBUS, O., June 20.--J. & G. Butler. Wholesale grocers. assigned yesterday to Charles B. Butler. Liabilities, $50,000: ASBets. $80.000 to $100,000. Cause. financial stringency. The firm has been in business since 1854. WILMINGTON, N. C. June 20.-Adrian & Vollers. wholesale grocers and liquor dealers. one of the oldest business houses in the city. have assigned. with preferences. The failure was precipitated by that of the Bank of New Hanover. in whose favor they executed amortgage for $90.000 several months ago. Few depositors are calling for money at the Wilmington Savings and Trust Company's banking house to-day. and some of those who withdrew their money yesterday have already returned it. Deposits are being freely made by business men this morning. INNEAPOLIA June 20.-James McMillan of Minneapolis has made a voluntary assignment of his property to M. C. Fletcher. Mr. McMillan was in the hide and fur business until a short time when his business was transferred to R corporati 11 known as James McMillan & Co. The assignment does not affect this corporation. Mr. Fletcher estimates that the assets will amount Dabout 700,000, and liabilities to $250,000 Of his liabilities sixty por cent. are foreign creditors, persons who have made consignments of goods to him. or who have furnished capital. The other forty per cent. are Minneapolis people. KA.. une 20.- The State Bank Commissinner yesterday ordered the State Bank of Plainville closed The capital stock is $50,000. but the amount of lia ilities is not obtainable. The officers of the Dank bay that depositors will be paid in full. Abe teinburg a clothing merchant. failed yesterday. The liabilities are it out an nondinal assets of equal $40,000. amount. with Chattel mortgages on the stock were given to various pre erred creditors BRIDGEPORT, June 20. - The liabilities of the Eaton. Cole & Burnham Company. which passed into the hands of receivers yesterday. presaid to SACO,COO and the assets double that amount. The business here will be conducted by the receivers. E. G. Durnham and E. H. Cole who are memlers of the copartnership. Frank Milier o this city gave 350,000 bonds for the receivers. The first intimation here of any trou le was received last night. when the 100 employees did not receive their pay as usuals EUGENE Or. June 20.-The Lane County Bank temporarily suspended to day. It has plenty of property in slight to secure all depositors. SAN FRANCISCO, June 20.-The Broadway Bank has closed its doors. It was an unimportant concern. A lively run was kept up on three banks until the closing hour. Apprehensions are telt for -morrow, as it is evident that the run will be kept up.

13. June 22, 1893 The Western Sentinel Winston-Salem, NC
Article from The Western Sentinel, June 22, 1893

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THE BANK OF NEW HANOVER. Not a Bad Failure -Depositors - will be Paid in Full. Details of the failure of the Bank of New Hanover, at Wilmington, are contained in the dispatches. The cause of the suspension is that $320,000 of deposits were drawn from the bank last week and notices were on file of over $150,000 to be withdrawn this week. Owing to the stringency of the times the bank could not realize quickly upon its assets, and hence there was nothing to do but close its doors. The cashier, in a published card, announces that depositors will receive dollar for dollar. The assets of the bank are estimated at $1,250,000 with liabilities of only $800,000. The failure of the Bank of New Hanover caused a run on the Wilmington Savings and Trust Company, but as all demands were promptly met and the president assured depositors that the bank was perfectly solid and solvent, the run soon ceased. The general impression is that, with a little time to get its affairs in shape, the Bank of New Hanover will not prove a bad failure, neither depositors nor stockholders losing anything. The Bank cf New Hanover in Wadesboro, a branch of the Wilmington bank but conducted as a separate institution, closed its doors as soon as notiffed of the Wilmington failure. No statement as to its condition is made, except that it would have continued but for the other failure.

14. June 22, 1893 Connecticut Western News North Canaan, Salisbury, Canaan, CT
Article from Connecticut Western News, June 22, 1893

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Convenience The Many Happenings of Seven Days Reduced From Columns to Lines. Thursday, June 15. The village of Alba, Mich., was destroyed by fire. The torpedo boat Erickson, building at Dubuque, Ia., is to be launched in July. Three thousand employees at the World's fair are to be dropped. The Cunarder Servia reports that on her last trip she ran down the American ship A. McCallum, two of the latter's crew be ing drowned. Mrs. Catharine Maher, 90 Berry street, Brooklyn, attempted to poison herself and 9-year-old son with paris green. Frank Adams, who would have been released from Sing Sing next Monday, escaped. After a run on the Painesville (O.) bank the institution closed. Rev. Drs. Graves and McKim were respectively consecrated bishops of China and Japan in New York. A steamer from Bremen carrying 800 Russian Jews is expected at New York. Friday, June 16. Cardinal Gibbons will be given A rich silver testimonial on Aug. 16, the anniversary of his twenty-fifth year as archbishop of Baltimore. In Mecca there were 850 deaths from cholera in five days. Somerville, Mass., has voted nó license. A. Bailey, the missing grain man of Duluth, left many big debts. The Chemical National bank of Chicago is to resume. In her suit for divorce against John R. Rogers, Minnie Palmer, the actress, has charged him with chasing her with a carving knife. Mrs. Daniel Lamont was overcome by heat at the World's fair. Mrs. Frank Leslie, having obtained her divorce from Willie Wilde, has sailed for Europe. A train loaded with Polish workmen was stoned near Tonawanda, N.Y. Mrs. Alice Bogardus, aged 60, of Brooklyn, tried to kill herself by jumping from third story window. Wesley Shaw of Buchanan, Ga., killed an old woman whom he believed to be a witch. Saturday, June 17. Ninestowaways were found on the steamship Arizona during her trip from Liver pool to New York. The trouble with the striking lumber shovers at Tonawanda, N. Y., is growing serious. Max Clayton, an insane ex-theatrical manager, escaped from the asylum at Amityville, N. Y., but was recaptured in a New York theater. Judgments and executions have been filed at Pittsburg against the Duquesne Tube Works company for $350,000. Albert Young, a valet for Simms, the Jockey, stabbed and killed Emory Harts field, valet for Overton, the jockey, at Morris park race track. In a fight on Adams street, Chicago, three men named Christenden, Kane and Wilson were fatally injured. The Kentucky house has decided that Frankfort will remain the state capital. The Duke of Veragua has decided to re main in this country until July. Work on the break in the levee at Mag nolia, Miss., has been abandoned. Fifteen hundred people attended the funeral of George W. Helme from his country home at Helmetta, N. J. Monday, June 19. The suit of John Wanamaker against the World's fair authorities for Sunday closing will now be pressed. There are over 400 cases of typhoid fever in Ironwood, Mich. Andrew Wall, promoter of the so called Mechanics' Co-operative bank in Brooklyn, is charged by Washington victims with swindling. A mad dog ran amuck in Cedar Grove, N.J., biting many animals. One of the striking miners at Scammon, Kan., killed himself. The investigation of the Childs-Drexel home for printers revealed that the funds had been misappropriated. Senator Stanford of California, who has been ill for some time, is recuperating Stockbridge village, near Pittsfield, Mass., was stirred up by midnight burglars. The Pennsylvania railroad is reducing its force of employees. Ex-President Harrison has finished his visit to the World's fair and returned home. Tuesday, June 20. The body of Father McKenna, who was drowned with his niece in the North river, was recovered. Andrew Carnegie and party are on a coaching tour in England. The bank of New Hanover at Wilming ton, N.C., closed its doors after a run. I An embassador from China arrived at San Francisco to investigate the Geary law and its effects. i Harry Murtha, wanted for a number of b burglaries in New Jersey, was arrested at Coney Island. $ Frank Davis, the burglar, was sentenced in New York to 24 years and 6 months in i prison. The'last of the Chinese lepers, on North Brothers Island, is dead. in Grand Rapids, Mich. a sensation by he Edwin Booth stood a e thought created A minister declaring better that chance in heaven than would Rev. Dr. Talmage. Seven miners were burned to death in the forest fires in Minnesota.

15. June 23, 1893 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, June 23, 1893

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a NEWSY NOTES. a. -Mrs. J. Lindsay has been appointed he postmaster at Ghent. ns m -J. T. Montagne has been appointed post-master at Catlettsburg. 85 r. -F.J. Randolph has been appointed of surveyor of the port at Paducah. a somnambulist waiked out of at window at and broke e -A Chicago his neck. a -Frankfort banqueted the legislators is last night for letting them keep the capital. to 8 -Silvester Petty, a Daviess county r farmer, was struck by lightning and killed. 1 e -Daniel Flowers, a prominent citizen of Logan county, was kicked by a horse and killed. r -Ed Hagan, son of Wm. Hagan, of Madison, fatally shot himself while playing with a pistol. -The Kentucky School of Medicine turned out 204 sawbones in one drove Wednesday night. -Enido is the name of a new postoffice in Boyle and John L. Powell has been appointed postmaster. -Portions of South Carolina, Georgia an and North Carolina were shocked by earthquake Wednesday night -F.P. Scarce, a real estate agent, at Lexington, has skipped after committing forgeries to the amount of $20,000. -At Bardwell, Mort. Shelby was sentenced to the penitentiary for life for the murder of Mrs. Sallie Moore, of Ballard county. -Mrs. Ford, the mother of the Ford brothers, who killed Jesse James, died from the effects of a rat bite at Richmond, Mo. -The Bank of New Hanover, of Wilmington, N. C., made an assignment. liabiliAssets are estimated at $1,250,000; ties $800,000. -Lizzie Borden, charged with the murder of her parents at New Bedford, Mass., was acquitted. The case created great interest. -The World's Fair officials have des for ignated October 20 to 24 as the days Conthe reunion of the war veterans, federate and Union. -Dave Kendall and Frank Templewhile working in a well near and man, Morehead, were overcome by gas both lost their lives. -The will of Edwin Booth was filed York His personal estate is esti- he mated New at $605,000, the bulk of which leaves to his daughter. -An armed posse prevented a ColumTenn., mob from lynching a negro the doctor bia, for attempting to break widow. into bed-room of a popular young -Lightning struck Ringling Bros tent at River Falls, Wis., were and circus killed seven people. About 50 were prostrated, several being seriously injured. -The Oil Well Supply Company, kind of the largest concern of its of Pittaburg, the world. has gone into the $2,500,000, hands te in receiver. Assets aggregate and a the indebtedness $1,100,000. -The Bank of England will celebrate founding 200th anniversary of its the bethe Its capital stock at it does t next year. was $6,000,000, and now ginning a business of five fold that amountever day. _Within the past three weeks the of treasury has gained $5,000,000 the worst u Federal This would indicate that of di gold. and that American shipments trade m grain is over and provisions are regulating balances in our favor. m fo -Three persons were killed, 100 others seven ca of injuries and about by the ca died hurt, many seriously, Island ha were of a train on the Long returning ha wrecking railroad, crowded with people he from the Sheepshead Bay races. has in -Commissioner Lochren fraud issued of intended to prevent It reto an order applications for pensions. in deIII making that testimony be written instead ov quires in the presence of witnesses, forms. re tail of being made upon printed ra -The coroner's jury investigating a ver- the th Theatre disaster returned Conth Ford's holding Col. F. C. Aineworth, Engineer th diet Dant, Supt. Covert and of the fa ractor responsible for the deaths negligence of Sasse reason of criminal and ea victims their by part. They were arrested released on the bail. enactment of the Sherman over -Since government has purchased much of CO the ounces of silver, for cents sp it paid as high as 96 silshare which the purchases began till aw 40,000,000 Since price an op unce. constantly declined in ounce. If Ae er has it is worth 84 cents an the pres o-day could realize at wa on its an he nt government market price purchased present under holdings the sea an f silver bullion, of the Sherman law, the net OFB peration would approach $20,000,000.

16. July 4, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, July 4, 1893

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# WAS IT HONEST BANKING? The Messenger gives us a long account of a meeting in Wilmington last week of the creditors of the late Bank of New Hanover, defunct. In this meeting Mr. Jno. D. Bellamy, attorney for some of the creditors, made a startling statement, which went uncontroverted He said that over $500,000 had been absorbed by the officers of the bank and other relatives; that the firm to which H. Vollers, a director, belonged, owed the bank $129,084.38; that W. L. Parsly, son-in-law of a director, owed the bank $136,500; that the Wilmington Compress Company, in which some of the bank's officers were directors, owed the bank $81,000; that the New Hanover Transit Company, of which the bank's officers were stockholders, owed the bank $80,000; that Isaac Bates, the President of the institution, was debtor to the tune of $41,000; that W. L. Smith, the Cashier, was behind in his account $23,852, and that President Isaac Bates' partner in the rice plantation owed $14,000. The aggregate of these sums is $514,434.38. It is said that there is great dissatisfaction on the part of the creditors in the appointment of the receiver. They contend that Junius Davis, the bank's attorney, should not have received that appointment; that some disconnected and disinterested person from some other portion of the State should have received the appointment. The whole transaction shows up in a bad light. The directors were either dishonest, incompetent or criminally negligent in the discharge of the duties imposed upon them in their selection to such a responsible position. In either case they are censurable.

17. July 6, 1893 The Times Richmond, VA
Article from The Times, July 6, 1893

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Crisp Tar Heel Happenings from Cherokee to Currituck. The Fayetteville burglars, in jail at that place, refuse to give their names. At a public sale at Rockingham last the stock of the Thursday $1.25 wrecked share Bank of of New Hanover brought per $25. Mrs. William Stike, of Ashe, committed suicide on the 20th by hanging herself to a loom in a school house in which she and her husband lived. The Wilmington and Weldon railroad has decided not to pay its regular July dividend because of having to pay heavy back taxes to the State. Trains are expected to run between Wilmington and New Berne on the Wilmington, New Berne and Norfolk railroad (nearly completed) in August. In the death of Mr. Lot Owens, of Clinton, on Thursday, June 22d, the county lost one of its ancient land-marks. He died of heart trouble at the advanced age of eighty-seven. Wilkes is famous for its apples and it is said that there is an apple tree in the county that is one hundred years old and that measures twelve feet around the trunk. A big enterprise is soon to be organized at King's Mountain. The capital stock will be $500,000, and the company will develop the mineral resources of the county and make things hum. State Treasurer Tate says the State had $15,000 in the suspended Bank of New Hanover, and adds that the depositors will get 50 to 60 cents on the dollar and the stockholders nothing. Colonel R. G. Mitchell, of Edenton, who is a cousin of the great actor, Edwin Booth, who recently died in New York, was handsomely remembered in the latter's will, the amount being $10,000. The Charlotte Observer regrets that North Carolina is unwittingly responsible for the pardon of the Anarchists, Fielden, Schwab and Neebe. If Governor Altgeld hadn't gone to Asheville to recuperate his lost health he would have died, they say. Charles Hairston (colored), who cut the throat of and killed a negro by the name of Sam Berrier at Elbaville, Davie county, some two weeks ago, has been captured. Hairston was attending a meeting when the sheriff nabbed him. Harvest is over, and wheat has been saved in a nice condition. With a few exception the reports received about the crops are all good. Unless damage comes to it while on the shock the wheat threshed this year will be of a high grade. It is stated by a gentleman who generally knows what he is talking about, and who is always careful in his statements, that if Congress were in session now Senator Ransom would vote for the repeal of the Sherman silver purchase act and Senator Vance against it. "Bolly" Gillespie (colored) was taken fromshis house near Hope Mills by some white and colored men recently and given a thrashing for having "blown" on a certain "gall berry still" in that neighborhood. Warrants have been sworn out for several of the offenders. The United States Cigarette Machine and Tobacco Company was organized in Fayetteville Monday by the election of Captain N. W. Ray, president; J. B. Underwood, vice-president, and Dr. J. W. McNeill, secretary and treasurer. The capital stock of the new concern is $100,000. It will fight the American Tobacco Company. Bladen county can with impunity now complain of hard luck. A short time ago the court-house at Elizabethtown was destroyed by fire, and to remedy the situation the commissioners issued and sold bonds with which to rebuild their "temple of justice,' depositing the money in the Bank of New Hanover only a few days before the collapse. At the residence of Mr. George E. Fisher, of Cencord, lightning Thursday evening struck a tree within ten feet of the house. Two little girls were under the tree at the time within four feet of the trunk. Mrs. Fisher was standing on the porch. They were all stunned. Just how little Fisher is miraculous. truly the girls They (scaped appeared death to be entirely over the shock after several hours. George Green, of Pamlico county, has committed suicide under peculiar circum>tances. His wife died and he refused to allow any one to see her body. Her body was disinterred and finger-marks on her threat showed that she had been choked to death. All the evidence was against Green, and the jury declared him her murderer. When a posse went after him it was found that he had blown out his brains with a shotgun. State Geologist Holmes has made his report to the Governor. It is a careful summary of the work of the survey. Professor Holmes is examining the clays of Harnett, and the sandstones of Moore,

18. August 31, 1893 The Western Sentinel Winston-Salem, NC
Article from The Western Sentinel, August 31, 1893

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The Messenger says Frances Brown a colored woman of Wilmington, had $4,000 in the bank of New Hanover when it suspended. After the bank broke she put her money in her wardrobe. She had $500, mostly in gold, in the wardrobe and while she was at church some one stole all of.her money. A colored brother is accused of the tbeft and has been arrested

19. September 21, 1893 Goldsboro Weekly Argus Goldsboro, NC
Article from Goldsboro Weekly Argus, September 21, 1893

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Wilmington Messenger: Wm. B. Hill, a well-known colored citizen, died last night at 9:15 o'clock at his residence, 511 South Seventh street, aged 60 years. He was janitor at the Bank of New Hans over almost from the time it was founded until it suspended, and previous to and during the war, he was carriage driver of Mr. Robert H. Cowan. His funeral will take place at 4:30 p. m., today at St. Stephen's church. Newbern Journal: Native hay is coming in and judging from appearances the crop will be abundant. The growth is luxuriant, and near the city more land on almost every farm has "gone to grass" than ever before. If farms more remote have done equally as well as the spectacle of a Craven county farmer buying forage this year will be a rare one. These neighboring farms not only have enough but to spare. The native crab grass takes the lead but attention is likewise being paid to clover, millet, &c.

20. March 29, 1894 The Caucasian Raleigh, Goldsboro, Clinton, NC
Article from The Caucasian, March 29, 1894

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President Bates Acquitted. The trial of Mr. Isaac Bates, pre sident of the late suspended Bank of New Hanover, of Wilmington, came ff in the Superior court in that city yesterday and resulted in the acquittal of the defendant. Mr. W.S. O. B. Robinson, of this city, was of counsel for the defense.

21. September 18, 1894 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
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burn, of Mulberry township, were married last week. Whitley is about 23 years old and this is the third wife he has taken to himself. He undoubtedly believes in the marriage ceremony, says the Wilkesboro Chronicle. The Lumberton fair gounds are being rapidly put in order. Floral Hall, a mammoth structure about 45x110 is about completed, the stalls are ready and the top dressing is being put on the race track. Special premiums are also coming in, says the Lumberton Robesonian. Winston Sentinel: An attempt was made Friday night by three prisoners, who are confined in the same cell in the Guilford county jail, to escape. It seems an outsider had furnished the prisoners with saw blades and acids. They were detected, however, before they got away. United States Marshal, J. J. Rogers, yesterday afternoon pulled William Buffalo, a colored man upon the charge of retailing liquor without license. It seems that he had been dispensing the ardent in the locality near Durham known as "Little Washington," says the Durham Sun. J. L. Moretz relates to us that on last Saturday on Elk Knob and on the head of Meat Camp the hail that fell in the severe storm exceeded anything ever known there. Hail stones as large as one's fist came down. The greater amount was as large as hen eggs The corn crop was badly damaged, says the Boone Democrat. High Point Enterprise: We saw a sample of Hickory King corn raised on Capt. Snow's place this year. This corn runs two quarts more to the bushel when measured on the ear than any other. Four years ago Capt. Snow had only four grains of it. This year there is at least 25,000 bushels of it raised in this section. Last Monday Mr. J. W. Green, who lives with Mr. B. R. Jones while out squirrel hunting on Swift Creek found a large sturgeon. He returned home and secured help to go and capture the sturgeon. Her length was 7+ feet and weight was 285 pounds. They took from her over a half bushel of eggs, says the Smithfield Herald. We are told that A. G. Cox has bought three fourths interest in Christian's mill, six miles from Durham, and it is to be greatly improved. The dam is being cemented and made as strong as possible. It is Mr. Cox's intention to put in roller machinery for the purpose of making flour of the best grades, says the Durham Sun. Raleigh Visitor: The largest vineyards in the State are now at Southern Pines. Two miles the other side of that thriving place Dr. McNeil, of New York, who recently purchased a large tract of land there, now has 200 men at work clearing off the pine timber, stumps, &c., and getting ground in shape for the planting of vines. On Ocean View beach yesterday, a school of about two acres of mullets were spied a short distance out to sea, and a fishing crew immediately put out and cast a sein into the midst of them. They made such a big haul that the sein broke and all the fish were lost with the exception of about twenty, says the Wilmington Messenger. Rockingham Rocket: Wat McKinzie, colored, who lives out near Mr. Euclid Covington's, has a chicken four months old that has four well developed legs. The two extra legs are on the left side and are joined together by a ligament of skin like appearance, but are perfectly formed and natural looking. The monstrocity is alive and thriving. Liberty Herald: A serious accident happened at Siler's Mill, near here, last Saturday. A little girl who was playing about the mill went too near the shafting and her dress caught in the shafting and she was dashed against the framework of the mill. The mill was stopped at once, but not until she was badly crushed and several bones broken. Capt. Sandy Smith, of Concord, is the city to day in the interest of the Bost gold mine in Cabarrus county. He is negotiating with a New York gentleman for the property. The mine is located on Anderson's Creek, near Rocky River, and is said to be exceedingly rich. Its present owners are Messrs. Pete and Allen Bost, says the Charlotte News. Young Aleck Pinnix, on Ramseur street, is somewhat of a chicken raiser. He had a fine start on Bantams and Cochins and a nice gang of young guineas. This morning about 5 o'clock his whole hennery was cleaned by a darkey, who went not one hundred yards from the house and sold them to a merchant who keeps a little store near the railroad crossing, says the Durham Sun. The Wilmington Messenger says that the cases against the directors of the suspended Bank of New Hanover have been moved from Duplin Superior Court to Lenoir Superior Court for trial, and will be heard at the November term. The court granted the change of venue upon motion of the counsel for the defendants. A nol pros was entered against Mr. Clayton Giles, one of the defendant directors.

22. April 23, 1897 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, April 23, 1897

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THE THREE MAYORS. The Quo Warranto Proceedings Being Heard in the Superior Court - Four Claimants for the Mayoralty. Pursuant to adjournment for recess on Saturday, the superior court of New Hanover county met yesterday at 10 a. m., His Honor Judge James D. McIver presiding. Cases were disposed of as follows: Junius Davis, Esq., receiver of the Bank of New Hanover, VS. L. Vollers. Counsel for plaintiff gave notice of a motion to set aside the verdict given for the defendant and for a new trial. Iredell Meares, Esq., et al receiver vs. A. M. Wilson. On motion of the plaintiffs, the decree of foreclosure made at the January term was sticken out and the action dismissed at the plaintiff's cost. Mechanics Building and Loan Association vs. B. F. King, sixty days allowed to file pleadings. At 10:10 a. m. the cases involving the mayoralty of Wilmington were called, as follows: "State of North Carolina, in relation to W. N. Harriss et al, VS. S. P. Wright, et al." "State of North Carolina, in relation to H. McL. Green et al VS. S. P. Wright et al." In the first case Messrs. George Rountree and Iredell Meares appeared for Mayor Harriss and his board, Messrs. Bellamy & Bellamy and Ricaud & Bryan for Mayor S. P. Wright and his board, and Messrs. Herbert McClammy and Frank McNeill for Mayor Walker Taylor and Aldermen Springer, Yopp and Fennell. In the second case, Messrs. John D. Bellamy, Junius Davis, W. B. McKoy, and T. W. Strange appeared for Mayor M. McL. Green and his board, Messrs. Bellamy & Bellamy and Ricaud & Bryan for Mayor Wright and his board, and Messrs. McNeill and McClammy for Mayor Walker Taylor and Aldermen Springer, Yopp and Fennell. The complaints and answers in the case were read by the attorneys, and each side stated their contentions to the court. Messrs. George Rountree and Iredell Meares stated to the court that they would contend that the act of the general assembly, ratified March 9, 1897, under which the recent city election was held, was unconstitutional as a whole and as the appointment and election of the aldermen under its provisions was null and void, Mayor Harriss and his board of aldermen would hold over under the city charter which provides that "the mayor and aldermen shall serve for two years or until their successors are elected and qualified." Messrs. John D. Bellamy and T. W. Strange stated that they would contend that the act ratified March 9, 1897, was unconstitutional as a whole, and *hat Mayor H. McL. Green and THE rd of aldermen were duly elected the old chart and entitled to nees. ssrs. McNeill and McClammy stathat their contention was that the of March 9, 1897, was unconstitutional as to the section giving the governor authority LU appoint five aldermen, but is constitutional as to its other provisions; that the five aldermen elected are the legal aldermen, and that they voted for and elected Walker Taylor mayor. Marsden Bellamy, Esq., stated that his side would contend that the act ratified March 9, 1897, was constitutional as an entirety, and that Mayor Wright and the five aldermen elected and the five appointed legally constitute the mayor and board of aldermen. A. G. Ricaud, Esq., counsel for Mayor Wright et at, said the issues in all the cases were practically the same and moved to consolidate the cases. The counsel for the other claimants concurred and the cases were ordered to be consolidated. The court at 11:30 a. m. tock a recess till 3 p. m. At 3 o'clock the court met, and the counsel informed the court that argument on the issues involved would be made in the following order: Messrs: Meares, Strange, McClammy Ricaud Davis Bryan John

23. April 27, 1897 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, April 27, 1897

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FOR MAYOR HARRISS. McIver stated that he was to render his decision in the involving the mayoralty of Wiland had the clerk to make following minute on the records as opinion: of section 2 of the act of 1897 is onstitutional and that no valid has been, held and that board as the Harriss board is entitled the offices of mayor and aldermen the city of Wilmington." attorneys of the several claimwere in court and from the above appeals were prayed by the H. McL. Green, C. L. SpenJames C. Munds, W. Catlett, and Mann on the one hand, by WalkPaylor. W. E. Springer, Owen Fenand W. E. Yopp on the other hand, also by S. P. Wright, H. Coleman D. J. Benson, Andrew J. HewB. F. Keith, John G. Norwood and Green. All the appeals were Notice of appeal in each case waived and the bonds on appeal case were fixed at $25. THE BANK CASE. court resumed the case of et al, vs. Junius Davis, receiver the Bank of New Hanover, was up. This is an action to dewhether the assets of the Wadesbranch of the Bank of New Hanshall be separated from the asof the bank at Wilmington and be apart for the benefit of the credof the Wedesboro bank, or shall stitute a part of the assets of the bank and he shared alike by the of both banks in common. Hon. R. T. Bennett and the Hon. A. Lockhart, of Wadesboro, apfor Mr. James A. Leak, receiver he branch bank at Wedesboro, and Rountree, Esq., and Eugene S. Esq., for Junius Davis, Esq. he Bank of New Hanover, of WilThis is an action to deLockhart consumed the greater of the morning in his argument. ling mainly with the facts. At p. m. the court took a recess till m. 3 p. m. the court met and Mr. khart finished his argument. He followed by Judge Bennett who arthe law points. In his introducremarks he said: We are not here to ask the court to a refined morality because it ches too far for practical purposes. have not been able to find in the rlish reports a precedent on all fours the facts in this case. It is algratifying to me in the discharge duties as lawyer and counsel to in the able reports of the English cases which investigate princicontested before the court, and they decide a question I am into take them as guides. There been a time in our state when we individual judges who were the of any of their contemporaries at or abroad. We had upon our court as associate and chief a gentleman whom I regard as greatest judge who ever served an rlish speaking community. I have every opinion of Lord Mansfield every/opinion of Chief Justice RufI believe Judge Ruffin to have