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Bramwell WV 2009 Christmas Tour

Image by lostinmiami
I can't tell you how stunning the wood and tile in this place is, and looks like it's new.
From Martha Jane Williams Becker's book" Bramwell - The Diary of a Millianaire Coal Town"... The Bank of Bramwell was formed in 1888 by James E. Mann, after consulting with J. H. Bramwell, Major Duhring, Captain Welch and others. The Bank was incorporated on February 25, 1889 and began business on May 1, 1889 with J. H. Bramwell as president and Issac T. Mann as cashier. J.H. Bramwell lent his name to this historic town that was founded in 1888. The bank’s last president, Issac T. Mann, lived in the apartment above the bank for a time after it closed. Bramwell Bank expanded tremendously and by 1894 it had increased its capital to 0,000 and also issued a100% stock dividend. The bank thrived continually and in 1919 profits began to reach astronomical heights for such a small bank. The symbol of its wealth, the Bramwell Bank, gained fame when it floated the largest Liberty Bond during World War I, resulting in the commonly used 1920s phrase "solid as the Bank of Bramwell". The profits that year were 4,000 and the bank paid out dividends totaling ,000.
Over the next ten years profits remained high but in 1931 the beginning of the end could be seen as dividends dropped to ,500 and were reduced from 10% to 5%and finally down to 2.5%. The year 1932 saw profits of ,620 but no dividends were paid out. Also, this was I.T. Mann's last year as president of the bank, for he died in 1932. Harry Bowen replaced I.T. Mann as president, but nothing could be done, for the bank was sinking fast. The bank suffered sever loses in 1933.The bank directors realized that the bank was in serious trouble and initiated liquidation procedures. In August 1933 a stockholders' meeting was held to approve liquidation plans.Final liquidation was made and 100% returned to the creditors in 1958, having required a total of 25 years. This is an outstanding example of 100% repayment to the creditors by an orderly liquidation procedure.The Bank of Bramwell is no more but the legends will live forever. A more lengthy discussion of the Bramwell Bank can be found in Martha Jane Becker's previously referenced book on the history of Bramwell, WV.
BRAMWELL — Thursday marked the start of a new chapter in the history of one of southern West Virginia’s most storied towns with the opening of the Bank of Bramwell, a branch of Honaker, Va., based New People’s Bank.
“I can’t explain how I feel,” Becky Allen, a lifelong Bramwell resident said. “I remember coming into this building as a child, but I don’t remember seeing the detail of the tiles in the floor or the carved columns around the door. It’s like seeing it for the first time.”
The bank opening drew a crowd to downtown Bramwell as people came in to get a look at the historic bank that was built in 1889, and served the community until 1933. After the bank closed, the building served as the main office for the Newbold Theater chain, a company that managed several coalfield theaters. The old bank building last served as headquarters for the Bramwell Aristocrat, a monthly newspaper published by the late Bob Barnett.
Bramwell WV 2009 Christmas Tour

Image by lostinmiami
I can't tell you how stunning the wood and tile in this place is, and looks like it's new.
From Martha Jane Williams Becker's book" Bramwell - The Diary of a Millianaire Coal Town"... The Bank of Bramwell was formed in 1888 by James E. Mann, after consulting with J. H. Bramwell, Major Duhring, Captain Welch and others. The Bank was incorporated on February 25, 1889 and began business on May 1, 1889 with J. H. Bramwell as president and Issac T. Mann as cashier. J.H. Bramwell lent his name to this historic town that was founded in 1888. The bank’s last president, Issac T. Mann, lived in the apartment above the bank for a time after it closed. Bramwell Bank expanded tremendously and by 1894 it had increased its capital to 0,000 and also issued a100% stock dividend. The bank thrived continually and in 1919 profits began to reach astronomical heights for such a small bank. The symbol of its wealth, the Bramwell Bank, gained fame when it floated the largest Liberty Bond during World War I, resulting in the commonly used 1920s phrase "solid as the Bank of Bramwell". The profits that year were 4,000 and the bank paid out dividends totaling ,000.
Over the next ten years profits remained high but in 1931 the beginning of the end could be seen as dividends dropped to ,500 and were reduced from 10% to 5%and finally down to 2.5%. The year 1932 saw profits of ,620 but no dividends were paid out. Also, this was I.T. Mann's last year as president of the bank, for he died in 1932. Harry Bowen replaced I.T. Mann as president, but nothing could be done, for the bank was sinking fast. The bank suffered sever loses in 1933.The bank directors realized that the bank was in serious trouble and initiated liquidation procedures. In August 1933 a stockholders' meeting was held to approve liquidation plans.Final liquidation was made and 100% returned to the creditors in 1958, having required a total of 25 years. This is an outstanding example of 100% repayment to the creditors by an orderly liquidation procedure.The Bank of Bramwell is no more but the legends will live forever. A more lengthy discussion of the Bramwell Bank can be found in Martha Jane Becker's previously referenced book on the history of Bramwell, WV.
BRAMWELL — Thursday marked the start of a new chapter in the history of one of southern West Virginia’s most storied towns with the opening of the Bank of Bramwell, a branch of Honaker, Va., based New People’s Bank.
“I can’t explain how I feel,” Becky Allen, a lifelong Bramwell resident said. “I remember coming into this building as a child, but I don’t remember seeing the detail of the tiles in the floor or the carved columns around the door. It’s like seeing it for the first time.”
The bank opening drew a crowd to downtown Bramwell as people came in to get a look at the historic bank that was built in 1889, and served the community until 1933. After the bank closed, the building served as the main office for the Newbold Theater chain, a company that managed several coalfield theaters. The old bank building last served as headquarters for the Bramwell Aristocrat, a monthly newspaper published by the late Bob Barnett.
Bramwell WV 2009 Christmas Tour

Image by lostinmiami
I can't tell you how stunning the wood and tile in this place is, and looks like it's new.
From Martha Jane Williams Becker's book" Bramwell - The Diary of a Millianaire Coal Town"... The Bank of Bramwell was formed in 1888 by James E. Mann, after consulting with J. H. Bramwell, Major Duhring, Captain Welch and others. The Bank was incorporated on February 25, 1889 and began business on May 1, 1889 with J. H. Bramwell as president and Issac T. Mann as cashier. J.H. Bramwell lent his name to this historic town that was founded in 1888. The bank’s last president, Issac T. Mann, lived in the apartment above the bank for a time after it closed. Bramwell Bank expanded tremendously and by 1894 it had increased its capital to 0,000 and also issued a100% stock dividend. The bank thrived continually and in 1919 profits began to reach astronomical heights for such a small bank. The symbol of its wealth, the Bramwell Bank, gained fame when it floated the largest Liberty Bond during World War I, resulting in the commonly used 1920s phrase "solid as the Bank of Bramwell". The profits that year were 4,000 and the bank paid out dividends totaling ,000.
Over the next ten years profits remained high but in 1931 the beginning of the end could be seen as dividends dropped to ,500 and were reduced from 10% to 5%and finally down to 2.5%. The year 1932 saw profits of ,620 but no dividends were paid out. Also, this was I.T. Mann's last year as president of the bank, for he died in 1932. Harry Bowen replaced I.T. Mann as president, but nothing could be done, for the bank was sinking fast. The bank suffered sever loses in 1933.The bank directors realized that the bank was in serious trouble and initiated liquidation procedures. In August 1933 a stockholders' meeting was held to approve liquidation plans.Final liquidation was made and 100% returned to the creditors in 1958, having required a total of 25 years. This is an outstanding example of 100% repayment to the creditors by an orderly liquidation procedure.The Bank of Bramwell is no more but the legends will live forever. A more lengthy discussion of the Bramwell Bank can be found in Martha Jane Becker's previously referenced book on the history of Bramwell, WV.
BRAMWELL — Thursday marked the start of a new chapter in the history of one of southern West Virginia’s most storied towns with the opening of the Bank of Bramwell, a branch of Honaker, Va., based New People’s Bank.
“I can’t explain how I feel,” Becky Allen, a lifelong Bramwell resident said. “I remember coming into this building as a child, but I don’t remember seeing the detail of the tiles in the floor or the carved columns around the door. It’s like seeing it for the first time.”
The bank opening drew a crowd to downtown Bramwell as people came in to get a look at the historic bank that was built in 1889, and served the community until 1933. After the bank closed, the building served as the main office for the Newbold Theater chain, a company that managed several coalfield theaters. The old bank building last served as headquarters for the Bramwell Aristocrat, a monthly newspaper published by the late Bob Barnett.