Claiborne National Bank, Tazewell, TN (Charter 7740)
Claiborne National Bank, Tazewell, TN (Chartered 1905 - Liquidated 1919)
Town History
Tazewell is a town in and the county seat of Claiborne County, Tennessee. The population was 2,165 at the 2000 census and 2,218 at the 2010 census. The town is named for Tazewell, Virginia, which itself was named for Henry Tazewell (1753–1799), an American politician who was instrumental in the early government of Virginia, and was a U.S. Senator from Virginia.
In 1750, Dr. Thomas Walker of Virginia publicized the location of Cumberland Gap, which brought a stream of long hunters down the Clinch and Powell valleys into what is now Claiborne County.[10] The land at the time was part of Cherokee and Shawnee hunting grounds,[11] and hostile attacks by members of these two tribes were not uncommon. To protect themselves, hunters, fur traders and early settlers erected a series of small forts and stations along the Powell and Clinch valleys. One such station, known as Fort Butler, was located just west of modern Tazewell.[12]
Among the earliest settlers in the Tazewell area was John Hunt (1750–1822), a militia captain who would later be instrumental in the founding of Huntsville, Alabama. In 1804, three years after the creation of Claiborne County, Tazewell was chosen as the county seat due in part to Hunt's influence (although a local legend states that the residents of Tazewell's rival for the seat, Springdale, were too intoxicated to vote on the day of selection). Hunt was named the county's first sheriff, and the government met at his house until a courthouse was constructed.
In 1862, at the height of the Civil War, Confederate troops occupied Tazewell as part of the greater struggle for the strategic Cumberland Gap. When the Confederates evacuated the town in November of that year, a fire followed, destroying much of Tazewell. The town retains a number of historical structures, mostly from the Victorian era, including a historic jail, built in 1819.
In 1890, plans developed for a railroad through the town, connecting nearby Cumberland Gap to Knoxville. Residents protested the construction of a train depot, which led to the re-routing of the railroad and establishment of a depot several miles west, bearing the name of the town. The area around the depot saw the birth of a new town, with businesses and homes constructed in its vicinity. This town would later incorporate into what is now the city of New Tazewell.
Tazewell had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes. Tazewell also had two Obsolete Banks that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).
Bank History
- Organized May 1, 1905
- Chartered May 15, 1905
- Opened for business July 1, 1905
- Liquidated December 1, 1919
- Succeeded by Claiborne County Bank, Tazewell
On March 22, 1905, stockholders decided on the conversion of the Claiborne County bank, one of the oldest and best known financial institutions of Claiborne County and located at Tazewell, into a national bank. Capital stock was increased from $10,000 to $25,000 and the president of the bank was William Parkey who also was a county trustee.
On December 5, 1919, the Comptroller of the Currency announced the voluntary liquidation of the Claiborne National Bank of Tazewell. The capitalization was $25,000 and its assets were taken over by the Claiborne County Bank of Tazewell. J.T. Hughes of Tazewell was the liquidation agent.
Official Bank Title(s)
1: The Claiborne National Bank of Tazewell, TN
Bank Note Types Issued
A total of $160,150 in National Bank Notes was issued by this bank between 1905 and 1919. This consisted of a total of 12,812 notes (12,812 large size and No small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Red Seal 3x10-20 1 - 900 1902 Date Back 3x10-20 1 - 1670 1902 Plain Back 3x10-20 1671 - 2303
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1905 - 1919):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Tazewell, TN, Wikipedia, https://en.wikipedia.org/wiki/Tazewell,_Tennessee
- Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
- Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
- Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
- Knoxville Sentinel, Knoxville, TN, Wed., Mar. 22, 1905.
- The Journal and Tribune, Knoxville, TN, Sat., Dec. 6, 1919.