Western Carolina Bank (Asheville, NC)

Episode Information

Episode UID
6205438791171
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
620543879 hash
Start Date
July 30, 1897
Location
Asheville, North Carolina (35.601, -82.554)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f96b52eb3318fc45

Response Measures

None

Description

The bank enforced a 60-day rule following the failure of the First National Bank of Asheville in July 1897 before finally suspending in October.

Events (3)
1. July 30, 1897 Run
Cause
Local Banks
Cause Details
Failure of the First National Bank of Asheville triggered heavy withdrawals.
Measures
The sixty-day rule was enforced as soon as the demand became large.
Newspaper Excerpt
When the First National Bank failed, July 30th, many depositors in the Western Carolina Bank endeavored to draw out their funds.
Source
newspapers
2. October 12, 1897 Receivership
Newspaper Excerpt
Judge Ewart then appointed Maddux and McLoud receivers.
Source
newspapers
3. October 12, 1897 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Diminishing deposits and inability to secure cash to meet withdrawals following a period of stress.
Newspaper Excerpt
The Western Carolina Bank did not open this morning. A deed of assignment was filed this afternoon
Source
newspapers

Newspaper Articles (14)
1. October 13, 1897 The News & Observer Raleigh, NC
Article from The News & Observer, October 13, 1897

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HAS CLOSED ITS DOORS DIMINISHING DEPOSITS AND INABILITY TO SECURE CASH, THE REASONS FOR ASSIGNMENT Judge Ewart Has Appointed Receivers--Bank Officials Say the Depositors and Stockholders Are Safe. Asheville, N. C., Oct. 12.-(Special.)The Western Carolina Bank did not open this morning. A deed of assignment was filed this afternoon with the names of Lewis Maddux and L. P. McLoud as assignees. The reasons given for liquidation are diminishing deposits and inability to secure cash with which to meet withdrawals. The officials claim that the depositors and stockholders will lose nothing. The deed of assignment calls for preferred creditors, and suits were filed today to test the legality of the assign ment. Judge Ewart then appointed Maddux and McLoud receivers. This bank was started in 1888 and had a savings department. Lewis Maddux was president, M. J. Bearden cashier and H. T. Colline, A. M. Field, C. B. Moore, L. B. Alexan der, White G. Smith, L. P McLoud directors. The bank had a capital of $50,000 and $160,000 deposits. The State Treasurer was notified of the failure of the bank about 4 o'clock. The report of the condition of the bank made to him July 23rd-the last report sent in-shows that it claimed to have a capital of $50,000, a surplus of $15,000 and undivided profits of $5.267.28. It had resources to the amount of $299,154.63. These were as follows: Loans on real-estate, $110,417.96; all other loans and discounts, $81,187.64; overdrafts, $1,624.18; stocks, bonds and mortgages, $16,140: due from banks. $22,453.22; real estate, $46,642.33; furniture and fixtures, $46,000: current expenses, 309.01; cash items, $1,208.50; silver coin and certificates, $3,100; all other United States notes, $10,235.59. The liabilities were given as follows: Deposits subject to check. $159,012.87; due to banks. $2,961.56; notes and bills rediscounted. $22,644.87: bills payable, $18,000; cash checks outstanding $103.75; certified checks, $3,564; demand certificates on deposit, $728.66: debenture bonds, $25,000.

2. October 13, 1897 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, October 13, 1897

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ASHEVILLE BANK SUSPENDS. Some Excitement on Failure of Its Doors to Open. ASHEVILLE, N. C., October 12.-When the First National Bank failed, July 30th, many depositors in the Western Carolina Bank endeavored to draw out their funds. The sixty-day rule was enforced as soon as the demand became large, and this morning the bank did not open its doors. A statement on the doors says: "This bank closed for liquidation." It is understood that the bank was overloaded with real estate, and especially country property, on which realization will be slow. The number of small depositors is large, and there was some excitement when the doors of the bank did not open this morning.

3. October 15, 1897 The Penn's Grove Record Penns Grove, NJ
Article from The Penn's Grove Record, October 15, 1897

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Domestic. Judge Showalter in Chicago gave a decision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden, N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yelfow fever sufferers, In New Orleans, La., Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffic in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville. L. C., failed to open its doors. The steamer City of Topeka arrived at Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in son lands in No. C Klondike gold. The miners County say of them has bèen underestimated. the vealth or the far opened places at $50,000,000. the value of the claims and thus one Conrad Helzelberg shot and kill as cutting his throat a quarrel as Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfield Scott, of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iown, in a letter said the Chicago platform had had its day in the "tribunal of last resort. The Treasury statement of domest exports in September shows that the shipment of breadstuffs exceeded that of September, 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the Amou $117,000. This Is the startling state fairs that confronts the Board of E tion. according to the story of one employes. Detective William Moore, who is susp of the murder of his wife, was arraigi New York City and was afterward before Coroner Fitzpatrick while the e against him was examined. He was mitted to the Tombs by the Cor Much of the testimony was directly as him. The New Bedford (Mass.) semi-ce nial celebration occurred. All of the lie buildings were covered with d tions, and many business houses ar dences were masses of color. A forty-eight-inch water main 1 Forty-eighth street and Madison and flooded the neighborhood to blocks. It is estimated that the will reach $50,000. The accide caused by the heavy blasting of r ing the construction of the new 1 the avenue. A severe frost in the Lake Keul grape region ruined hundreds of, grapes. The loss will be several t9, e of dollars, The citizens of Benton County, rkansas, have organized an anti-horse st aling association as a protection aga st horse thieves from the Indian Territo 7. Frank Hoverton is President and the he dquarters of the organization are at Bloom Held. The members take an ironclad oath to punish horse stealing with death. Former Queen Liliuokalani of Hawaii has been offered $2000 to preside o' a carnival at Wichita, Kan., for three days in 1898. The invitation was extended through Dr. Martin, formerly of Wichita, who was the Queen's physician at Honolulu The American flag was drapeid with crape and government by injunction denounced by labor organizations in Lynn, Mass., where a elergyman preached a [funeral sermon for the twenty-four men shot down at Lattimer, Penn. Mrs. Charlotte Leclair, of Vesterly, R. died the of 103 years

4. October 21, 1897 Audubon Republican Audubon, IA
Article from Audubon Republican, October 21, 1897

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. After a recess of two weeks the monetary commission resumed its sessions in Washington. Miss Cisneros, who was rescued from a Spanish dungeon in Cuba by a newspaper reporter, has arrived in New York. The annual report of the treasurer of the United States will show that on June 30, 1896, the total available assets of the treasury were $855,685,321, and on June 30, 1897, they had increased to $874,764,377. Chauncey M. Depew delivered the oration at the unveiling of the statue of Commodore Vanderbilt at Vanderbilt university in Nashville, Tenn. A dangerous counterfeit five dollar bill, raised from a two dollar treasury note, was in circulation at Moline, III. John F. Boynton, a well-known resident of Leominster, Mass., shot and killed his wife and then committed suicide. Family troubles were the cause. The arguments in the Luetgert murder trial in Chicago, were commenced, Assistant State's Attorney McEwen addressing the jury on behalf of the prosecution. The government crop report for October says oats, rye and barley will surpass former estimates in amount of yield, while corn has fallen off. An electric car went through a trestle at Waterloo, Ia., and 15 persons were injured, some probably fatally. In the contest for the Temple cup between the Boston and Baltimore baseball clubs the latter was the winner, securing four of the five games played. The Windsor house, the finest hostelry at French Lick Springs, Ind., was destroyed by fire, the guests narrowly escaping. Speakers at a Cuban meeting in New York declared it was the purpose of the Cuban people to carry on the struggle until absolute independence of Cuba is accomplished. Mrs. Mollie Deprister was said to have been murdered and burned by her husband at Canton, O. A great gold strike is reported on Mount Sneffels, in Ouray county, Col. Bob Carter, a negro who killed James Burch in a saloon at Brenham, Tex., was lynched by a mob. Mrs. Emma Vane, aged 65 years, and her daughter, Mrs. Sarah M. Shaw, aged 40, were killed by burglars at their home in Camden, N. J. Associate Justice Field of the supreme court, having broken all records for length of service upon the bench, has made formal application to be retired December 1 next. President McKinley touched a telegraph key at the white house and opened the semicentennial exposition at New Bedford, Mass. During September last the exports of breadstuffs from the United States amounted to $34,629,946, an increase as compared with September, 1896, of over 100 per cent. A train on the International & Great Northern road was held up by four men near Austin, Tex., and the passengers were robbed. A tornado wrecked houses near Elizabeth, N. J., and killed John Clark. Herbert Crow was fatally stabbed with a hairpin at Hastings, Neb., by his sweetheart, who was jealous of him. A cloudburst flooded the streets of Reading, Pa., and did great damage. Grass lake, a large sheet of water near Niles, Mich., has gone completely dry. The big plant at Racine, Wis., of the J. I. Case Threshing Machine company bas been scld to a syndicate of eastern capitalists for $2,000,000. Humanitarians, philanthropists, educators and others interested in social reforms met in conference at Battle Creek, Mich. Actual construction work of the first railroad to cross Chilkat pass in Alaska has been begun. An attempt was made at Bismarck, N. D., to murder Editor Moffatt, of the Settler, for his attacks on the saloon and gambling element. In a battle between settlers and shepherds in Long Valley, Idaho, three men were killed. The Western Carolina bank at Asheville, N. C., has gone into voluntary liquidation. In a prize fight at New Orleans Walter Griffin struck Jack Cummings a blow in the fifteenth round that caused his death. The twenty-first annual meeting of the American Humane society began at Nashville, Tenn.

5. October 21, 1897 The County Record Kingstree, SC
Article from The County Record, October 21, 1897

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Domestic. Senator Gorman has written a letter to, Edwin F. Abell, editor of the Baltimore Sun, offering to resign the leadership of the Maryland Democracy in favor of the ?atter! if he will withdraw from Republican alliances. John A. Gordon. the Democratic nominee for Justice of the Supreme Court of Colorado, has withdrawn. The party leaders were opposed to him because he supported Mr. Cleveland for President in 1892. Frank Loretto, aged eighty, committed suicide in New York City by planging down an airshaft from the fifth floor of & tenement. Gold has been found in Rock County, within eight miles of Janesville, Wis. Two farmers exhibited samples of gravel taken from the farm which showed gold in fair quantities. Samuel Wilson. aged sixteen years, has been shot and killed at Carlisle, Ky., by Edward Crump, aged fifteen years. Crump was arrested on the charge of murder. Crump was worsted in-a fight with Wilson and secured a revolver and lay in wait for him. O. M. Welburn, an ex-Collector of Inter nal Revenue in the Northern District of California, who has been on trial in the United States District Court, on an indictment covering forty-two distinct charges of embezzlement, was acquitted by the jury. Judge Showalter in Chicago gave a decision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yellow fever sufferers, in New Origans, La. Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffle in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities Barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville, N. C., failed to open its doors. The steamer City of Topeka arrived it Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in gold. The miners say the wealth of the Klondike has been underestimated, and one of them places the value of the claims thus far opened at $50,000,000. Conrad Heizelberg shot and killed Thomas McSorley during a quarrel at Castleton, Staten Island, and attempted suicide by cutting his throat and wrists. Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfleld Scott. of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iowa, in a letter said the Chicago platform had had its day in the "tribunal of last resort." The Treasury statement of domestic exports in September shows that the shipment of breadstuffs exceeded that of September. 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the amount of $117,000. This is the startling state of atfairs that confronts the Board of Education. according to the story of one of its employes.

6. October 23, 1897 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, October 23, 1897

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The News Condensed. Important Intelligence From All Parts. DOMESTIC. After a recess of two weeks the monetary commission resumed its sessions in Washington. Miss Cisneros, who was rescued from a Spanish dungeon in Cuba by a newspaper reporter, has arrived in New York. The annual report of the treasurer of the United States will show that on June 30, 1896. the total available assets of the treasury were $855,685,321. and on June 30, 1897, they had increased to Chauncey M. Depew delivered the oration at the unveiling of the statue of Commodore Vanderbilt at Vanderbilt university in Nashville, Tenn. A dangerous counterfeit five dollar bill, raised from a two dollar treasury note, was in circulation at Moline, III. John F. Boynton. a well-known resident of Leominster. Mass., shot and killed his wife and then committed suicide. Family troubles were the cause. The arguments in the Luetgert murder trial in Chicago, were commenced. Assistant State's Attorney McEwen addressing the jury on behalf of the prosecution. The government crop report for October says oats, rye and barley will surpass former estimates in amount of yield, while corn has fallen off. An electric car went through a trestle at Waterloo, Ia., and 15 persons were injured. some probably fatally. In the contest for the Temple cup between the Boston and Baltimore baseball clubs the latter was the winner. securing four of the five games played. The Windsor house. the finest hostelry at French Lick Springs, Ind., was destroyed by fire, the guests narrowly eseaping. Speakers at a Cuban meeting in New York declared it was the purpose of the Cuban people to carry on the struggle until absolute independence of Cuba is accomplished. Mrs. Mollie Deprister was said to have been murdered and burned by her husband at Canton. O. uo reported si expire pioz 10018 V Mount Sneffels, in Ouray county, Col. Bob Carter. a negro who killed James Burch in a saloon at Brenham. Tex., was 'qour B 49 payourt Mrs. Emma Vane. aged 65 years, and her daughter, Mrs. Sarah M. Shaw, aged 40, were killed by burglars at their home T N Company up Associate Justice Field of the supreme court, having broken all records for length of service upon the bench, has made formal application to be retired December 1 next. President McKinley touched a telegraph key at the white house and opened the semicentennial exposition Mass, Beddord MeN 18 During September last the exports of breadstuffs from the United States amounted to $34,629,946, an increase as compared with September, 1896, of over 100 per cent. A train on the International & Great Northern road was held up by four men near Austin. Tex., and the passengers were robbed. A tornado wrecked houses near Elizabeth, N. J., and killed John Clark. Herbert Crow was fatally stabbed with a hairpin at Hastings, Neb., by his sweetheart, who was jealous of him. A cloudburst flooded the streets of Reading. Pa., and did great damage. Grass lake, a large sheet of water near Niles, Mich., has gone completely dry. The big plant at Racine, Wis., of the J. I. Case Threshing Machine company bas been scld to a syndicate of eastern capitalists for $2,000,000. Humanitarians, philanthropists, educators and others interested in social forms met in conference at Battle Creek, Mich. Actual construction work of the first railroad to cross Chilkat pass in Alaska has been begun. An attempt was made at Bismarck, N. D., to murder Editor Moffatt, of the Settler, for his attacks on the saloon and gambling element. In a battle between settlers and shepherds in Long Valley, Idaho, three men were killed. The Western Carolina bank at Asheville, N. C., has gone into voluntary

7. October 27, 1897 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, October 27, 1897

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Domestic. Judge Showalter in Chicago gave a deeision to the effect that the makers of a certain line of goods, in a certain place, do not have the right of a trade-mark to the name of that place. This decision is of general interest to milling people, and especially to those of Minneapolis. The organization of the greatest combination of window glass makers ever formed in this country was completed at Camden, N.J. Pittsburg was chosen as the general selling agency. At a boxing bout, for the benefit of yellow fever sufferers, in New Orleans, La., Jack Cummings was fatally injured, and died next morning. Walter Griffin, who fought against him, is under arrest. Fifteen men, including strikers and members of a brass band, were arrested at Sandy Creek, Penn., by Deputy Sheriffs of the De Armitt mines for marching on the public road. They were taken to Pittsburg for a hearing. Charles W. Dayton accepted the nomination for Comptroller of Greater New York on the Henry George ticket. Fairchild will remain on the Citizens' Union ticket. Two women were drowned in the Neversink River, in Sullivan County, New York. The fifteenth conference of friends of the Indian was held at Lake Mohonk, N. Y. Railroad traffic in Texas was almost entirely suspended on account of the yellow fever scare. Philadelphia authorities barred Victor Hugo's "Les Miserables" as a text-book for high-school girls. The Western Carolina Bank of Asheville, N. C., failed to open its doors. The steamer City of Topeka arrived at Seattle, Wash., bringing miners returning from the Klondike region and $300,000 in gold. The miners say the wealth of the Klondike has been underestimated, and one of them places the value of the claims thus far opened at $50,000,000. Conrad Heizelberg shot and killed Thomas McSorley during a quarrel at Castleton, Staten Island, and attempted suicide by cutting his throat and wrists. Heizelberg will recover. The largest cattle deal made in Texas since the boom days of fifteen yeas ago was arranged at San Antonio, Ike T. Pryor, selling to Winfleld Scott, of Fort Worth, 20,000 head of cattle of all classes for $13 per head, fall delivery. Other big sales are pending. Former Governor Boies, of Iowa. in a letter said the Chicago platform had had its day in the "tribunal of last resort." The Treasury statement of domestic exports in September shows that the shipment of breadstuffs exceeded that of September, 1896. by 100 per cent. Over $1,650,000 of the school fund money of Chicago has vanished, and the account has been overdrawn to the amount of $117,000. This is the startling state of affairs that confronts the Board of Education, according to the story of one of its employes. Detective William Moore, who is suspected of the murder of his wife, was arraigned in New York City and was afterward taken before Coroner Fitzpatrick while the charge against him was examined. He was committed to the Tombs by the Coroner. Much of the testimony was directly against him. The New Bedford (Mass.) semi-centennial celebration occurred. All of the public buildings were covered with decorations, and many business houses and residences were masses of color. A forty-eight-inch water main burst at Forty-eighth street and Madison avenue and flooded the neighborhood for many blocks. It is estimated that the damage will reach $50,000. The accident was caused by the heavy blasting of rock durIng the construction of the new sewer in the avenue. A severe frost in the Lake Keuka (N. Y.) grape region ruined hundreds of tons of grapes. The loss will be several thousands of dollars. The citizens of Benton County, Arkansas, have organized an anti-horse stealing association as a protection against horse thieves from the Indian Territory. Frank Hoverton is President and the headquarters of the organization are at Bloomfield. The members take an ironclad oath to punish horse stealing with death. Former Queen Liliuokalani of Hawaii has been offered $2000 to preside over a carnival at Wichita, Kan., for three days in 1898. The invitation was extended through Dr. Martin. formerly of Wichita. who was the Queen's physician at Honolulu. The American flag was draped with crape and government by injunction denounced by labor organizations in Lynn, Mass., where a clergyman preached a funeral sermon for the twenty-four men shot down at Lattimer, Penn. Mrs. Charlotte Leclair, of Westerly, R. I., died at the age of 108 years and six months. Five generations of her descendants are living,

8. February 22, 1900 New-York Tribune New York, NY
Article from New-York Tribune, February 22, 1900

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10 shares Corn Exchange Bank $3,000 Niagara Falls Power Company first mortgage five per cent bonds, due January 1, 1932; Interest January and July; accrued interest from January 1 to be charged to the purchaser 107 5 shares City Trust Company 835% 15 shares North American Trust Company 152 29 shares Burlington, Cedar Rapids and Northern Railroad Company 126% $5,000 Cedar Rapids, Iowa Falls and Northwestern Railroad first mortgage 5 per cent bonds, due 1921 114% $9,000 Crystal Water Company of Edgewater first mortgage 6 per cent bonds 60 $10,000 Staten Island Cricket and Baseball Club second mortgage 5 per cent bonds, lot $100 $1,000 Lotos Club of New-York 6 per cent bond, due 1902 92 6 shares Bank of the State of New-York 130% 6 shares Ninth National Bank 88 8 shares Trenton Potteries Company preferred 48 6 shares National Park Bank 425 10 shares Lawyers' Title Insurance Company... 165 1 share Clinton Hall Association 65% $10,000 Western Carolina Bank, Asheville, N. C., 5 per cent receiver's certificates, dated January 1, 1898, payable three years after that date, 28 per cent paid; interest paid to January 1, 1900 93 50 shares United States Flour Milling Company common 5 10 shares Morton Trust Company 4093 45 shares Louisville, Evansville and St. Louis Railroad common, per share $1

9. November 29, 1901 The News & Observer Raleigh, NC
Article from The News & Observer, November 29, 1901

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able young preacher. Pittsboro, N. C., Nov. 28.-The county commissioners, at their meeting next week, will consider the petitions for the establishment of the stock law in nearly all of Chatham west of Haw River. The petitioners claim to have more than the required majority. I Hillsboro, N. C., Nov. 28.-The Union Thanksgiving services of the Baptist, Methodist and Presbyterian congregation was held at the M. E. Church this morning at 11 o'clock and was conducted by Rev. J. W. Goodman, Presbyterian pastor. Asheville, N. C., Nov. 28.-Mr. George H. Smathers has gone to New York to sell Madison county bonds, which came into his hands as receiver of the Western Carolina bank. There has been some doubt of their validity but the Supreme court has removed all doubts. Burlington, N. C., Nov. 28.-The next session of the Christian Conference will be held at New Lebanon church, Rockingham county. Rev. Dr. W. T. Herndon was president and Rev. J. W. Holt secretary of the session just concluded at Shallowford church near here. The meeting was profitable and the reports showed progess in every line of church work. --Greensboro, N. C., Nov. 28.-Prof. T. Gilbert Pearson's new book, "Stories of Bird Life," which appeared three weeks ago, has already been adopted as a supplementary reader in the public schools of Boston. The State Superintendent of Public Instruction of New Jersey writes that the book has been adopted for use in the public school libraries of that State. Prof. Pearson's friends are congratulating him.

10. April 4, 1903 The News & Observer Raleigh, NC
Article from The News & Observer, April 4, 1903

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Suit Against Smathers. (Special to the News and Observer.) Asheville, N. C., April 2.-An order has been signed by Judge Hoke directing Receiver Jones, of the Western Carolina Bank, to bring suit against Geo. H. Smathers, of Waynesville, former receiver of the bank. The order provides that the suit shall be for an account and settlement of his receivership. No final accounting has ever been made since the change in receivers by Smathers, and the suit is to determine whether Smathers owes th receivership or the receivership is, indebted to the former receiver.

11. June 4, 1903 The News & Observer Raleigh, NC
Article from The News & Observer, June 4, 1903

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The Boncombe School Troubles. I Asheville, N. C., June 3.-(Special).The attorneys for the school board of the county and city school committee are still endeavoring to reach a settlement of their differences. The difficulty at present seems to be the securing of a bond by the board for the return of the $3,600 involved in the event that the city finally wins the suit at present in progress over said funds. Col. W. W. Jones, receiver of the Western Carolina bank, proposes to bring a suit against the commissioners of Madison county to compel them to issue him new bonds in lieu of the $20,000 in bonds and coupons that he holds at present. The refusal to issue new bonds was based on the claim that face value was not paid for the old issue.

12. June 10, 1904 The News & Observer Raleigh, NC
Article from The News & Observer, June 10, 1904

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THE BEE TREE ROAD. Receivers Ordered by Court to Return Check to Depositor. (Special to News and Observer.) Asheville, N. C., June 9.-Work on the Bee Tree Railroad that is to run from Swannanoa Station near Asheville, eleven miles into the Craggy Mountain section, is progressing rapidly, and already over two miles have been graded and crossties laid. The getting out of the timber for the trestle work is also moving rapidly, and when once the laying of the rail has commenced the operation of the road will begin. It was learned today that the company building the road contemplate the operation of an automobile line from the mountain terminus of the road to the top of Craggy Mountain, a distance perhaps of two miles or more, and patrons of the road may at pleasure spend the day on Craggy without having to undergo the tedious trip to the mountain by private conveyance and horseback. In Superior court last evening Judge Long signed an order instructing Col. W. W. Jones, receiver of Western Carolina Bank, to pay Mrs. Weston the sum of $1,191. This is a case of long standing and one that has created considerable interest. On the Saturday previous to the closing of the Western Carolina Bank on Monday, Mrs. Weston was a deposit of $1,191 in nature of a check drawing on the Chemical Bank of New York. Mrs. Weston made demand for the return of the check. but the receivers were then in control of the, bank's affairs and the request was refused. The matter was then taken to the courts and the money ordered paid to Mrs. Weston.

13. June 12, 1904 The Times Dispatch Richmond, VA
Article from The Times Dispatch, June 12, 1904

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MRS. WESTON'S CHECK. The Court Allows Her the Principal, But No Interest. (Special to The Times-Dispatch.) ASHEVILLE, N. C., June 11.-In the Superior Court Friday afternoon Judge Long signed an order Instructing W. W. Jones, receiver of the Western Carolina Bank, to pay Mrs. Weston the sum of $1,191, This is a case of long standing and has created considerable interest. On the Saturday previous to the closing of the Western Carolina Bank on Monday, Mrs. Weston made a deposit of $1,191. in the shape of a check drawn on the Chem.cal Bank of New York, The receivers were appointed on the evening of the day the bank failed. Mrs. Weston made a demand for the return of her check, but the receivers who were in control of the bank's affairs, refused the request. The matter was then taken to the courts, Mrs. Weston not only asking for the return of the amount of the check, but also claiming interest from the date of depos t. The interest, which now amounts to something like $500. was not allowed, the Judge's order Isimply instruct the receiver to pay the amount called for by the check.

14. June 16, 1904 Goldsboro Weekly Argus Goldsboro, NC
Article from Goldsboro Weekly Argus, June 16, 1904

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Asheville, N. C., June 9.-Special Civil term of superior court adjourned last night and Judge Long returned to his home in Statesville to-day. This is the last court over which he will preside in this district during his term of office. Judge Long has made a most favorable impression here and the lawyers as a unit declare that his rulings were eminently satistactory. Judge Long has issued an order instrue ting the receiver of the Western Carolina bank to pay to Mrs. Weston the sum of $1,191, a sum representing a check deposited by her two days before the failure of the bank eight years ago.