10 OBLIGATIONS $59,296.06 ASSETS $48,137.88 NET WORTH -$11,158.18 (of which $5,536.14 was unaccounted for) Additional information published with the above figures included the quality of the assets. It was reported that the actual value of the assets totaled $25,434.92, bringing the net worth of the Bank of Berryville to -$33,861.14. Mr. Moore explained in the newspaper that the failure of the Bank of Berryville was due to the fact that its officers permitted funds to be withdrawn from the bank by customers who had no deposits to cover the amounts of the checks, thus rendering the bank insolvent. Cheaply manufactured carriages and buggies from the North drove Mr. Thomas out of the carriage business, the sumac mills were destroyed by fire and Berryville was once again without a banking institution. Mr. A. Moore, Jr. turned his attentions back to his law practice, and began discussions with local investors about the possibility of forming a new bank to be headquartered in Berryville.