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ONE BANK LEFT. Asheville Has Only One and Tries to Break That. Asheville, Oct. 22.-The National Bank association has closed its doors, No statement has yet been made. This leaves 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 bank will have $100,000 cash here by tomorrow morning, when the scare will probably be over.
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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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PEOPLE TRUSTED EUGENE RANKIN His Integrity And Ingenuity Stopped "Run" On Bank 30 Years Ago Continued From Page One) took copies of passed around among the and then in places about the lobby and on the front doors no eyes could fail red His Greatest Speec) livered that crucial of among folk throughout the Western for his as also later for his mayor of City Asheville for several terms been kind enough Battery Bank and kind enough have deposit he said crowd the lobby have ample more than enough meet our oblign tions you want the be paid out as fast as posThe expressions on the face the time almost twice the *ize of the morn ing hours, ran the full gamut of human emotion. Many them had the sterling business honesty the made the talk Many of had for dealt with In the firm of Bearden and Rankin, the large general merchandise store by this name, formerly on Bilt more Many had been granted favors that establish ment the way of credit when times were harder than they were during the now famous Park Some of all, but goodly instantly reacted favorably to the short am gonna leave mine," "huh, don't believe there's anything rumors", bank keeps mine". and other utterances began to fly through the Some of them actually the bank lobby, their minds made and in most End Of "Run" Sighted That was the beginning the end the "run" but the danger mark had not been entirely passed by means, and one sensed the necesity greater caution did The bank large and vaults. Bank piled tors could see them and the bank had on hand was placed Clerks counting and Mr. Rankin stood by encourage the depositors take their money they wanted it. Some of his as he them vidually the been characteristic the frank and encourag. ing nature the An negro woman reached the window She had deposit some $50 of hard earned money. "Sho, dis bank Mistah deed. but going give you cent of your money Just sign this The old negro couldn't sign the receipt. couldn't write Mr. Rankin helped her. signing for and letting her make her by the written name. Save Your Money "Now Mandy you to this money and keep safe," continued Mr. Rankin "Don't go spending foolishly and when back and want us to keep for you we will be glad With that old darky's face lighted up she would' the door. still half to go home or return the money Several prominent men of those of them about into the bank take out all their cash. The one the converted by the genial of trust about Rankin the he read. He left his In the and he going the street had heard of the bent his The man other excited by the possiblity of losing an even larger amount institution didn't "Nothing to there" the hurried The second man the bank and he also is said to have been A Flash In The Dark These high callbre in the business world of the day and their attitude Mr. Rankin another idea. declared, while quite effective the He have group such and induced them make deposits the bank during the afternoon of the day on which the trouble startQuite number of such men volunteered and came up before waiting line of placing in the Institulike flash financial lightning out of dark ened the patrons still demanding their money. Men actually putting money in many them thought had gone the much for even the credulous. Large fell out of line depositors and confidence appeared on the declared that some of the the bank wanted close up o'clock in the afternoon, the usual hour for clos. those but Mr. Rankin to have that such thing would work with the returning bank open almost dark and the opened at an earlier. But wasn't long then. The promptly delivered the supply gold and Mr. Coxe. This also piled high in the cashier's cage. Success At Last The depositors requesting their money dwindled to almost handful- and those of the previous day who trusted Rankin the returning look money in day before and knew their trust had not been on the second day had dwindled and wasn't but bethe had resumed its patrons vinced. had institution to encourage the But banking did old Battery He had been nected with the old Bank before failure and had built up tele honest and banking When left the Park said carried all these customers, them. with him. Later in after leaving the Mayor's office after his second his with city he had resigned from the joined the one the by friends the late and that when again banking with the American National, of the depositors some of them had years, their trust in the man they had trusted in earlier and days. Battery Park Bank, faithful service, passed out In 1923, chovia Bank and standing today on the very great depositors the above the perhaps, the old structure was over for the larger to passersby a spirit that never Mr. Rankin in his last days was first then and board tional bank. His passing the last chapter of long and useful ending the earthly career one of Asheville's most beloved citizens-a man. his friends declare, could be trusted "even unto