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national
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Only one Bank Left. ASHEVILLE, N. C., Oct. 22.-The National Bank of Asheville has closed its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement was circulated a run was begun on the Battery Park bank. Up to 1 p. m. more money had been taken in than paid out. The Battery Park Bank had $75,000 cash at the last showing and that amount cannot all be paid out before closing time. The bank will have $100,000 cash here to-morrow.
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A Bank Shuts Down. ASHEVILLE, N. C., Oct. 23.-The National bank of Asheville has closed its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement was circulated a run was begun on the Battery Park bank.
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Bank of Asheville Closed. Asheville, N. C., October 22.-The National Bank of Asheville has closed Its doors. No statement has yet been made. This leaves but one bank here. As soon as the announcement of the closing of the bank was circulated a run was begun on the Battery Park bank. Up to 1 p. m., however, more money had been taken in than paid out. The Battery Park bank had $75,000 cash at the showing and that amount can all be paid out before
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ASHEVILLE PANIC, One Bank Fails and There is a Run on Another. Asheville, N. C., Oct. 23.-The National Bank of Asheville has closed its doors. No statement has yet been made. A run began at once on the Battery Park bank. The Battery Park bank had $75,000 cash at the last report and that amount cannot be paid out before closing time.
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More Bank Troubles at Asheville, N. C. ASHEVILLE, N.C., Oct. 25. -The National Bank of Asheville has closed its doors and no statement has yet been made. A run began at once on the Battery Park bank.
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Asheville, N. C., Is strictly in it in bank failures. The third one, the National bank of Asheville, closed its doors Thursday, which caused a tremendous run on the only remaining bank, the Battery Park. It is evident that the fiscal managers of Asheville did too much land of the sky financiering. The Star trusts that Dr. Fakes, SO well known to Ocalans, who did his banking at the busted bank, came off light.
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ASHEVILLE BANK FAILS. Asheville, N. C., Oct. 23.-The national bank of Asheville has closed its doors. Inability to make collections is given as the cause of the failure. The bank announces that depositors will be paid in full. A run on the Battery park bank was caused by the failure, but was short lived.
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lore Bank Troubles at Ashoville, N. C ASHEVILLE, N. C., Oct. ?5-The Naional Bank of Asheville has closed it oors and no statement has yet beer ade. A run began at once on the lattery Park bank.
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More Bank Troubles at Asheville, N. C. ASHEVILLE, N. C., Oct. 25.-The National Bank of Asheville has closed its doors and no statement has yet been 1 made. A run began at once on the Battery Park bank.
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VOLUNTARY LIQUIDATION. The Hardship by Reason of Bank Failur N at Ashville Has Been Relieved. WASHINGTON Dec. 13.-The share. holders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual pustantees sufficient to pay all demand obligations, the Comptroller has permitted the bank to close up its affairs by volun tarily liquidation istead of through a receiver. The plan was outlined by Deputy-Comptroller Coffin, who visited Asheville for the purpose, after the failure, and by disbursing about $60,000 in cash to depositors. will tend, it is said. to relleve the hardships resulting from three hank failures in that dis
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THE ASHEVILLE BANKS. One of Them Clears Up Its Affairs Without a Receiver. Washington, D. C., Dec. 13.-The shareholders of the National bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantee sufficient to pay all demand obligations, the comptroller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by Deputy Comptroller Coffin, who visited Asheville for the purpose, after the failure, and by disbursing about $60,000 in cash w depositors will tend, it is said, to relieve the hardships resulpting from three bank failures in that city.
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NATIONAL BANK OF ASHEVILLE. It Is Permitted to Go Into Voluntary Liquidation. WASHINGTON, December 13.-The shareholders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantees, sufficient to Day all demand obligations, the Comptroller has permitted the bank to close up its affairs by voluntary liquidation, instead of through a receiver. The plan was outlined by Deputy Comptroller Coffin, who visited Asheville for the purpose after the failure, and by disbursing about $00,000 cash to depositors, will tend, it is said, to relieve the hardships resulting from the three bank failures in that city,
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Affairs of a Defunct Bank Settled. WASHINGTON, Dec. 14.-The shareholders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantee sufficient to pay all demand obligations, the comptroller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by Deputy Comptroller Coffin, who visited Asheville for the purpose after the failure, and by disbursing about $60,000 cash to depositors will tend, it is said, to relieve the hardships resulting from three bank failures in that city.
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VOLUNTARY LIQUIDATION. National Bank of Ashville, N. C, Will Close Business Without Receiver. Washington, Dec. 13.-The shareholders of the National bank of Ashville, N. C., which failed in October, having borrowed money on their individual guarantee sufficient to pay all demand obligations, the comptroller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by Deputy Comptroller Coffin, who visited Ashville for the purpose after the failure, and his disbursing about $60,000 cash to depositors was intended, it is said, to relieve the hardships resulting from the bank failures in that city.
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ASHEVILLE'S BANK CRASH. Settlement by Voluntary Liquidation Arranged For. Washington, Dec. 13.-The shareholders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantee sufficient to pay all demand obligations, the controller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by Deputy Controller Coffin, who visited Asheville for the purpose, after the failure, and by disbursing about $60,000 to depositors, has tended to relieve the hardships resulting from the bank failures in the city.
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The Bank of Asheville Pays Its Depositors Washington, December 13.-The shareholders of the National Bank of Asheville, N. C., which failed in October, having borrowed money on their individual guarantee sufficient to pay all demand obligations, the comptroller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by Deputy Comptroller Coffin, who visited Asheville for the purpose, after the failure, and by disbursing about $60,000 cash to depositors will tend, it is said, to relieve the hardships resulting from three bank failures in that city.
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VOLUNTARY LIQUIDATION. Hardship by Reason of Bank Failure in Asheville Has Been Relieved. The shareholders of the National Bank of Asheville, which failed in October, having borrowed money on their individual guarantees sufficient to pay all demaud obligations, the Comptroller has permitted the bank to close up its affairs by voluntary liquidation instead of through a receiver. The plan was outlined by DeputyComptroller Coffin, who visited Asheville for the purpose, after the failure, and by disbursing about $60,000 in cash, to depositors, will tend, it is said, to relieve the hardships resulting from three bank failures in that city.
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00 10., importers, assign. ed in New York city ; liabilities $1,000,000 The Fowler Cycle Co of Chicago assigned habilities. $500,000 The National Bank of Asheville, N C., closed its doors. NOVEMBER 9. John A Willard a banker of Mankato. Minn., assigned with direct liabilities of $480,000. 13 The bank at English. Ind. failed, also clos ing its branches at Leavenworth and Ma rengo. 17 Henry Sherry. lumberman and paper mill owner at Neenah Wis. failed owing near ly $1,000,000
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THE SALE CONFIRMED. Norfh Carolina Land and Timber Company Adjudged Bankrupt. (Special to News and Observer.) Greensboro, N. C.. Jan. 7.-In the United States Circuit court this evening Judge Boyd confirmed the sale of the National Bank property at Asheville, made by W. B. Williams, receiver for twelve thousand dollars. In the district court upon petition of creditors he adjudged the North Carolina Land and Timber Company, of Asheville, bankrupt. The voluntary petition in bankruptcy, filed by John L. Casper. of WinstonSalem. in no way relates to the Casper Company, a large liquor concern, which is incorporated. Casper as an individual, seeks relief from an old judgment growing out of an assignment in 1897.
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United States Courts. (Special to The Times-Dispatch.) GREENSBORO, N. C., Jan. 7.-In the United States Circuit Court this evening Judge Boyd confirmed the sale of the National Bank of Asheville property, made by W. B. Williams, receiver, for $12,000. In the District Court, upon the petition of the creditors, he readjudged the North Carolina Land and Timber Company, of Asheville, bankrupt. A voluntary petition in bankruptcy was filed by John I. Casper, of Winston-Salem. This in no way relates to the Casper Company, a large liquor concern. which is Incorporated. Casper, as an individual, seeks relief from old judgments growing out of an assignment in 1897.
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# CASES HEARD IN # FEDERAL COURT The United States Circuit Court of Appeais reconvened this morning at 11 o'clock with Circuit Judges Goff and Prichard and Districs Judges Boyd and Rose in attendance. C. F. Haynsworth, of Greenville, S. C., admsaw cmfwyp emfwyp m S. C., was admitted to practice in this court. The following cases were argued: No. 988. R. Crawley Jones, alleged bankrupt, apellant, vs. August Wright Company et al., appellees: on appeal from the district court at Richmond, Va.; in bankruptcy. Continued from yesterday. Cause further argued by Bartlett Roper, Jr., and Carl H. Davis, of Petersburg, Va., for the appellees, and concluded by Wyndham R. Meredith, of this city, for the appellant and submitted. No. 984. William B. Williamson, receiver of National Bank of Asheville, N. C., plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. Cause argued by Charles A. Moore, of Asheville, N. C., for the plaintiff in error, and by Clement H. Haynsworth, of Greenville, S. C., for the defendant in error. Court adjourned until Wednesday morning at 11 o'clock. Cases in call Wednesday: No. 990. Norfolk & Portsmouth Tractiton Company, plaintiff in error, vs. Mamie Rephan, by Harry Rephan, her next friend, defendant in orror; in error to the Circuit Court at Norfolk, Va. To be argued by W. H. Venable, of Norfolk, Va., and Henry W. Anderson, of this city, for the plaintiff in errr, and by 8. M. Brandt, of Norfolk, Va., for the defendant in error. No. 991. Baltimore & Ohio Railroad Company, plaintiff in error, vs. Hettie Gertrude Taylor, admx, etc., defendant in error: in error to the Circuit Court at Parkersburg, W. Va. To be argued by J. W. Vandervort and B. M. Ambler, of Parkersburg, W. Va., for the plaintiff in error and by L. N. Tavenner and V. B. Archer, of Parkersburg, W. Va., for the defendant in error.
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Leon Hozier, applellee; on appeal from the District Court at Norfolk, Va. Cause argued by Robert M. Hughes, of Norfolk, Va., for the appellant, and by Henry Bowden, of Norfolk, Va., for the appellee, and submitted. No. 988-R. Crawley Jones, alleged bankrupt, appellant, vs. Aug. Wright Company. et al., appellees; on appeal from the District Court at Richmond, Va. In bankruptcy. Cause argued by George A. Hanson, of this city, for the appellant, and argument continued until to-morrow morning. Bartlette Roper, Jr., and Carl H. Davis, of Petersburg, Va., were admitted to practice in this court. Court adjourned until this morning at 11 o'clock. Case in call to.day: No. 934-William B Williamson, receiver of National Bank of Asheville, plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. To be argued by Cothran, Dean & Cothran, of Greenville, S. C., and Moore & Rollins and Thomas A. Jones, of Asheville, N. C., for the plaintiff in error, and by Haynsworth & Haynsworth, of Greenville, S. C., for the defendant in error. Hon. James E. Boyd, United States district judge, of Greensboro, N. C., will arrive in town to-night to be in attendance upon the court.
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argued by Bartlett Roper, Jr., and Carl H Davis, of Petersburg, Va., for the appellees and concluded by Wyndham R. Meredith, of this city, for the appellant, and submitted. No. 984-William B. Williamson, receiver of National Bank of Asheville, N. C., plaintiff in error, vs. American Bank, defendant in error; in error to the Circuit Court at Greenville, S. C. Cause argued by Charles A. Moore, of Asheville, N. C., for the plaintiff in error, and by Clement F. Haynsworth, of Greenville, S. C., for the defendant in error. Court adjourned until this morning at 11 o'clock Cases in call to-day: No. 990-Norfolk and Portsmouth Traction Company, plaintiff in error, vs. Mamie Rephan, by Harry Rephan, her next friend, defendant in error; in error to the Circuit Court at Norfolk, Va. To be argued by W. H. Venable, of Norfolk, Va., and Henry W. Anderson, of this city, for the plaintiff in error, and by S. M. Brandt, of Norfolk, Va. for the defendant in error. No. 991-Baltimore and Ohio Railroad Company, plaintiff in error, vs. Hettie Gertrude Taylor, administratrix, &c., defendant in error; in error to the Circuit Court at Parkersburg, W. Va. To be argued by J. W. Vandervort and B. M. Ambler, of Parkersburg, W. Va., for the plaintiff in error, and by L. N. Tavenner and V. B. Archer, of Parkersburg, W. Va., for the defendant in error.
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RECEIVER FILES SUIT IN EQUITY Asks Attempted Transfer Of Notes Of Bank Be Made Null By BROCK BARKLEY ALEIGH failure of the National of in United States district here today of in equity by H. Draper ceiver for the bank against David Cumberland The plaintiff is that and the by be and and that Mr. Gaster pay into the funds in amount bank alleges that deposited on July without asking for he drew out part the and that he also took notes most of which he later notes amounted to $466 alleged of the back the representing the notes back be paid to the bank.
Rendleman Is Receiver For Bank In City D. Rendleman. of Salisbary, who has been for the Citizens National September the 21, has taken charge liquidation the National bank here. Mr. Rendleman succeeds J. B. Cunningham. who has charge the affairs of the American National since closed in November 1930. Mr. Cunningham has gone to take charge the the Con. tinental want the people of this munity realize that we can liquidate this bank only as fast as those people who the bank money pay Mr. Rendleman depositors cannot get their until those who bank, pay up. all in neighowes The can this cleared the better off community will remain charge of the liquidation the Citi. zens National bank in Hendersonville in addition charge of the American National bank, as receiver.