Lineville National Bank, Lineville, AL (Charter 7551)
Lineville National Bank, Lineville, AL (Chartered 1905 - Open past 1935)
Town History
Lineville is a city in Clay County, Alabama. At the 2020 census, the population was 2,489. In 1900 the population was 211, growing to 1,053 by 1910. Lineville is located northeast of the center of Clay County. Alabama State Routes 9, 48, and 49 are the main routes through the city. AL-9 runs through the downtown area, leading northeast 28 miles to Heflin along Interstate 20 and southwest 6 miles to Ashland, the Clay County seat.
The Town of (Crooked Creek) Lineville was built on what was at that time the dividing line between Talladega and Randolph Counties, hence the name, Lineville. John H. Ingram, Sr. of Lineville, Alabama furnishes the following early history: “Crooked Creek Baptist Church, later Lineville, was organized in 1839 and built one and one quarter miles west of the town of Lineville about 200 yards northwest of the home of Frank Pittard; and the first literary school of the community was nearby. Some years later the church was moved a short distance and a house was built on the left side of the public road near the residence of the late Thomas H. Harris. In about 1863 the church was moved into the town of Lineville and a house built just west of the present grammar school building; the name was changed to Lineville Baptist Church in 1881 and legally incorporated in 1912; the first Circuit Court that was held in the new County of Clay, was held in the Lineville Baptist Church in 1867, with John Henderson of Talladega, Alabama, as a judge. The present new brick building was built in 1915 and 1916, with the first service held on March 1st, 1916, with prayer and thanksgiving service conducted by J.H. Ingram, Sr., and C.N. James, pastor.”
The Civil War saw some 56 area men interred in the Old Lineville Cemetery. By the end of the war, Confederate money had become useless and the area suffered hardships. Clay County formed in 1866. The town's name was officially changed to Lineville in 1870 when it became the temporary seat of government for Clay County.
Lineville had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized December 10, 1904
- Chartered January 11, 1905
- Opened for business January 12, 1905
- Bank was Open past 1935
In November 1904, the application of John H. Ingram, W.D. Haines, W.H. McKleroy, J.D. McCary, S.J. Gay and others to organize the Lineville National Bank with $25,000 capital was approved by the comptroller of the currency.[2] On December 10, 1904, the bank organized and planned to open for business in January. The shareholders were composed of some of the best citizens of Lineville, the county and the state. The following constituted the board of directors: Probate Judge S.J. Gay, W.J. Green, Dr. J.L. Hitt, W.D. Haynes, Capt. W.H. McKleroy of the Anniston National Bank; John H. Ingram, J.D. McCrary, J.M. Hardy and Ross Blackmon of the City Hardware Co. of Anniston. The officers were W.D. Haynes, president; W.H. McKleroy, vice president; and John H. Ingram, cashier.[3]
In April 1905, an announcement was made of the addition of the Maddox-Rucker Banking Co. of Atlanta as a stockholder in the Lineville National Bank. This bank was one of the largest of the South. Thus, the Lineville National had financial connections with two of the strongest banks in the south, the Anniston National and the Maddox-Rucker Banking Co. "Our loans are small; our depositors safe. Fresh money to loan," was the message according to W.D. Haynes, president and J.H. Ingram, cashier.[4]
In January 1909, M.G. Langston accepted a position as assistant cashier of the Lineville National Bank.[5] The other officers in 1909 were W.D. Haynes, president; W.H. McKleroy, and W.J. Green, vice presidents; and J.H. Ingram, cashier.[6]
In February 1910, O.A. Seward of Ackerman, Mississippi, succeeded M.G. Langston as assistant cashier. Mr. Langston was now employed by the Bynum Mercantile Co.[7] On Tuesday, July 5, 1910, Mr. W.D. Haynes celebrated his eightieth birthday. He was still hale, hearty and vigorous. While not a native of Alabama, he had spent 72 years in what became Clay County. Born in Green County, Georgia on July 5, 1830, he moved with his father's family to a farm on Enitaehopeo Creek where he grew into manhood. On November 9, 1854 he married Miss Lucretia Pace in Chambers County who was born in Putnam County, Georgia on December 18, 1828, and to this union four sons and five daughters were born. Mr. Haynes came to Lineville in February 1857 and entered the mercantile business. He opened his store on what became Main Street. His brother-in-law, Wm. S. Pace, entered business with him under the firm name of Haynes & Pace and this partnership lasted 3 years and was succeeded by the firm of Moss & Haynes in 1860. In 1862 Mr. Haynes and his partner Augustus Moss left his business and enlisted in the Confederate Army as a private in Company F, 51st Alabama Cavalry. From the army he returned to his farm near Lineville where he remained until 1870 when the firm of Burney & Haynes was formed which lasted 16 years. This firm was succeeded by W.D. Haynes & Son and later by W.D. Haynes & Co. In 1896, he retired from the mercantile business. When the Lineville National Bank was organized, he became the largest stockholder and president of the institution. For a number of years he was a member of the Board of Trustees of Lineville College.[8]
On Tuesday, January 9, 1912, the following officers and directors were elected: W.D. Haynes, president; Jno. H. Ingram, first vice president and cashier; Wyatt J. Green, second vice president; W.D. Haynes, Jno. H. Ingram, Wyatt J. Green, B.H. Haynes, and Walter S. Smith, directors.[9]
On Tuesday, January 8, 1918, the following officers and directors were elected: W.D. Haynes, chairman of the board; Jno. H. Ingram, president; W.M. Barfield, cashier; W.D. Haynes, John H. Ingram, Walter S. Smith, W.M. Barfield, and B.H. Haynes, directors.[10]
In January 1927, the following directors were elected: W.D. Haynes, J.H. Ingram, Miss Cora Barfield, B.H. Haynes, and J.H. Ingram, Jr. The officers elected were J.H. Ingram, president; B.H. Haynes, vice president; and J.H. Ingram, Jr., cashier. Mr. W.D. Haynes was elected chairman of the board at the age of 96 years. He signed his name without glasses and read his mail nearly every day in his office in the bank.[11]
In June 1937, the officers were J.H. Ingram, president; B.H. Haynes, vice president and cashier; S.B. Childs, assistant cashier; Mr. Ingram, Mr. Haynes, Cora Barfield, Isabel S. Ingram, and W.H. Ingram, directors. Of the two banks in Lineville, the assets of the Farmers and Merchants Bank were $287,403.02 compared to the $150,607.90 of the Lineville National according to their last reports. William E. Carpenter was president of the Farmers and Merchants Bank, the younger of the two institutions.[12]
Official Bank Title
1: The Lineville National Bank, Lineville, AL
Bank Note Types Issued
A total of $883,630 in National Bank Notes was issued by this bank between 1905 and 1935. This consisted of a total of 71,434 notes (55,032 large size and 16,402 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 - 800 1902 Date Back 3x10-20 1 - 3610 1902 Plain Back 3x10-20 3611 - 12958 1929 Type 1 6x10 1 - 1718 1929 Type 1 6x20 1 - 442 1929 Type 2 10 1 - 2923 1929 Type 2 20 1 - 519
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1905 - 1935):
Presidents:
Cashiers:
- John Henry Ingram, Sr., 1905-1914
- Walter May Barfield, 1915-1917
- John Etheridge Parsons, 1918-1921
- John Henry Ingram, Jr., 1922-1935
Other Known Bank Note Signers
Bank Note History Links
Sources
- Lineville, AL, on Wikipedia
- 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
- ↑ The Lineville Headlight, Lineville, AL, Thu., Dec. 12, 1929.
- ↑ The Birmingham News, Birmingham, AL, Tue., Nov. 29, 1904.
- ↑ The Anniston Star, Anniston, AL, Fri., Dec. 16, 1904.
- ↑ The Lineville Headlight, Lineville, AL, Fri., Apr. 21, 1905.
- ↑ The Lineville Headlight, Lineville, AL, Fri., Jan. 8, 1909.
- ↑ The Lineville Headlight, Lineville, AL, Fri., June 25, 1909.
- ↑ The Lineville Headlight, Lineville, AL, Fri., Feb. 4, 1910.
- ↑ The Lineville Headlight, Lineville, AL, Fri., July 8, 1910.
- ↑ The Lineville Headlight, Lineville, AL, Fri., Jan. 12, 1912.
- ↑ The Lineville Headlight, Lineville, AL, Fri., Jan. 11, 1918.
- ↑ The Lineville Headlight, Lineville, AL, Thu., Jan. 13, 1927.
- ↑ The Anniston Star, Anniston, AL, Wed., June 2, 1937.