Boston National Bank (South Boston, VA)

Episode Information

Episode UID
841401581
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
84140 national
Charter Number
8414
Start Date
September 17, 1931
Location
South Boston, Virginia (36.699, -78.901)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ae255a02f7ed31de

Response Measures

None

Receivership Details

Depositor recovery rate
28.0%
Date receivership started
1931-07-10
Date receivership terminated
1939-03-24
Share of assets assessed as good
30.2%
Share of assets assessed as doubtful
45.9%
Share of assets assessed as worthless
23.9%

Description

Articles name a receiver for the bank and describe bankruptcy proceedings against a major debtor; no run is described.

Events (3)

1. October 23, 1906 Chartered
Source
historical_nic
2. July 10, 1931 Receivership
Source
historical_nic
3. September 17, 1931 Receivership
Newspaper Excerpt
bankruptcy proceedings were instituted by E. M. Webster, receiver for the Boston National Bank of South Boston
Source
newspapers

Newspaper Articles (3)

Article from Richmond Times-Dispatch, September 18, 1931

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Article Text

Bureaus Of City Is Favored Ordinance for Creation of Special Committee Recommended to Council Sept. Judge Luther Way has apganization operating in Virginia and North Carolina with home offices South Halifax County The bankruptcy proceedings were instituted M. Webster receiver for the Edston National Bank of South Boston. alleging the was indebted the bank to the extent of 000 on notes and that was to protect the bank's creditors and M. senator-designate from Halifax and former Senator Aubrey Strode Amherst represented the bank's receiver. The assets of the Huwile company were given $142,690. and the liabilities at $153,323. The case is docketed in the Richmond division of Judge Way's court. and the in bankruptcy at the capital will call meeting of creditors later. The Ordinances Committee of Council last night recommended to City Council the adoption of an ordinance creating special committee of five with power to survey the operation and activities of any City department or bureau and to report its recommendations to The committee. under the plan. may Babette raises squawk to associate with two citizens to sit with the body discuss matters before and offer separate reports. but who have no power The ordinance was suggested by City Attorney Cannon as substitute for measure by Councilman John Hirschberg carrying membership two yesterday. and knowing that he owes citizens. Aldermen and three me suggest that Councilmen. The City Attorney explained that the Council had no authority under the charter to appoint week-end citizens membership on CouncilHe paused moment to let the manic bodies. realization her peril sink in. Jean The committee recommended an orsaid She leaned back dinance the of the half closed He heart the north side of Park Avenue from beating while her mind. A2 to A3 and tabled cognizant the terror the the next meeting an desituation. wildly to hit upon signed to the erection of dissome plan escape. in- play signs in residential districts. terpreted her lassitude as indicating surrender Louis smart guy all right,' Responsibility he continued. as though proud to affiliated with him. soon made my suggestion he saw that by sending downshere he would save For Ejected himself from being by Babette and also out whether you really against him. you had run Andrus opened the envelope he would have known definitely that Babette was right. You see, keep you from double crosshim he double crossed "Now that I'm here,' asked Jean trying keep her voice steady and "why don't you tell what the real are? eager to tell. He liked and encouraged you now, began, edging little That ten-ship cargo of booze going into York where Louis 18 handling the details himself that whole coast guard watching places like this he figured the best place to be the they least and was he gave me the word and you just saw me signal the fleet on down to New York It's Friday night now They'll get to Fisher's Cove on the end of Atlantic Highlands by tomorrow at sunset and then come on right NarLouis' in lyn. The whole thing by rushing right into the city briefs


Article from The Virginian-Pilot, September 18, 1931

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Article Text

Receivers Named For Huwile Stores Blackard been appointed the Huwile Stores, chain store organization operating North Carolina with home Virginia offices in South Boston, according entered by Judge Luther the RichWay mond division of the District Federal Court. proceedings were instiBankruptcy tuted by Webster, receiver for the Boston National Bank of South Boston, alleging the chain store company was indebted for secured notes and that protect the bank's The assets the Huwile company given and the liabilities as bank's receiver was represented M. Tuck, Halifax County, and former Senator Aubrey Strode,


Article from The Roanoke Times, September 18, 1931

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Article Text

NAMES RECEIVER FOR HUWIL STORES Norfolk. Sept. 17 Federal Judge Luther B. Way has appointed E. A. Blackard. receiver for the HuWil Stores. Inc. chain store operating in Virginia and North Carolina with home offices at South Boston, Halifax county The bankruptcy proceedings were instituted by E. M. Webster, receiver for the Boston National Bank of South Boston, alleging the chain store company was indebted to the bank to the extent of $21,000 on and that receivership was necessary to protect the bank's creditors and depositors. W. M. Tuck, senator-designate from Halifax county and former Senator Aubrey E. Strode, of Amherst, represented the bank's receiver. The of the HuWil company were given as $142,690 and the liabilities at $153,323. The case is docketed in the Richmond division of Judge Way's court and the referee in bankruptcy at the capital will call a meeting of creditors later. BASS FISHING NEAR LYNCHBURG REPORTED GOOD Richmond, Sept. 17.-Commissioner Hart, of the state game and inland fisheries commission, has been notified by local game wardens that bass fishing opposite and above Lynchburg is good, but that the Shenandoah river south of Bixbee's Ferry is cloudy, making fishing unfavorable. W. E. Calohan, game warden at Rustberg, advised the commissioner that bass fishing opposite and above Lynchburg is good, and catches are better than usual. can be found for fishing parties in Lynchburg and adjacent counties, he said. DANVILLE EDITOR WEDS St. Petersburg, Fla., Sept. 17 William Shands Meacham, editor of the Danville Register, Danville, Va., was married to Miss Margaret Ball Henkel. daughter of Mr. and Mrs. Herbert Henkel of Danville, here today at St. Peter's Episcopal church. The wedding was performed by the Rev. Dr. Henry S. Whitehead and attended only by the immediate family.