Mecklenburg County NcArchives Obituaries.....Pegram Sr, Miles Pinckney December 16, 1915 ************************************************ Copyright. All rights reserved. http://www.usgwarchives.net/copyright.htm http://www.usgwarchives.net/nc/ncfiles.htm ************************************************ File contributed for use in USGenWeb Archives by: Danielle Mozingo danisue1970@yahoo.com October 9, 2011, 4:37 pm Charlotte Observer, December 17, 1915 M. P. PEGRAM, SR., HAS PASSED AWAY ----- Death Comes to Aged Banker After Long Period of Illness. ----- SERVED IN THE WAR ----- Joined Forces of First National Bank in 1866 and Later Became Its President. ----- Mr. M. P. Pegram, Sr., one of Charlotte's oldest and best-known citizens and a baker of note throughout the piedmont section, passed away at his home, 628 North College street, last night at 10:10 o'clock after a period of invalidism and declining health that had continued for more than 13 years. For several weeks past those who watched by the bedside knew that he was failing and the end was not a surprise. Owing to his extreme age-he was 81 years old-the ebbing of life was almost imperceptible. It seemed to be simply a closing of the eyes to sleep. Two sons survive, Messrs. Miles P. Pegram, Jr., and Thomas Randolph Pegram. the funeral will take place at the residence this afternoon at 3:30 o'clock, the service being in charge of Rev. Dr. D. H. Rolston, assisted by Rev. Dr. A. A. McGeachy. The interment will be at Elmwood. The pallbearers will be: Honorary, Messrs. P. P. Zimmerman, George W. Bryan, L. W. Sanders, George e. Wilson, John F. Orr, J. S. Myers, Archie Graham, A. G. Brenizer, D. P. Hutchison, A. L. Smith, W. R. Burwell, R. M. Miller, Baxter Ross and R. A. Lee; active, Messrs. A. T. Summey, W. H. Twitty, John M. Scott, Thomas Griffith, H. M. McAden, C. C. Adams, J. H. McAden and George P. Wadsworth. MR. PEGRAM. Miles Pinckney Pegram was a son of Winchester and Mary Stowe Pegram and was born at the Pegram home place in what was then Lincoln but what is now Gaston County on November 27, 1834. After obtaining the schooling that was common to that day, young Mr. Pegram came to Charlotte and shortly after moving here was elected cashier of the old Bank of Charlotte. This was before the Civil War. He showed a marked aptitude for his work and soon became one of the prominent young men of the town. In 1861 the great war Between the States broke out and Mr. Pegram volunteered for service. Owing to his skill in such matters he was assigned to the quartermaster's department and he remained there, filling various offices of trust and responsibility until the close of the war. In 1865 he returned to Charlotte and accepted a position with the Southern Express Company. An office had been opened in Wilmington and he was assigned to that place. WITH FIRST NATIONAL BANK. In 1866 Mr. R. Y. McAden was elected president of the First National Bank of Charlotte and Mr. Pegram was invited to become cashier. This he did and thus was begun a career that continued until failing health compelled a retirement from active banking business. During this time Mr. Pegram was cashier, then president and always an influential factor in the banking circles not only of the city but of this section as well. After serving for quite a number of years as cashier, Mr. Pegram was elected president of the institution on the death of Mr. R. Y. McAden. He continued as president for five or six years when his health became such that he had to retire from all business affairs. His administration was always characterized by sound judgment, conservatism and a constructive energy that had much to do with the development of this section. Mr. Pegram manifested a keen interest in the industrial growth of this community and his faith in Charlotte was unbounded. One of his ventures was the purchase, along with the late J. W. Wadsworth, of that section of the city embraced by what is now known as North Carhlotte, comprising many hundreds of acres of land. This he developed and sold off from time to time and his holdings today are very considerable. He held other substantial interests in Charlotte and also in Gaston County. He was one of the wealthiest of the older citizens, his estate being conservatively estimated to approximate $200,000. MARRIAGE. Mr. Pegram was married on November 1, 1876 to Miss Victoria Louise Tate, a daughter of Thomas R. Tate and of this union two sons survive, namely, Messrs. Miles P. Pegram, Jr., and Thomas R. Pegram. Mrs. Pegram died in 1882. Since his retirement from active affairs about 14 years ago, Mr. Pegram has been confined to his home, the greater part of the time to his room. His friends, of whom there were hundreds, frequently called upon him and he delighted to see them whenever his health permitted. Mr. Pegram was a man of uprightness, sterling character, generous and tender hearted. he delighted in his friends and for them he could not do too much. He was thrify and possessed a keen business judgment and as a result amassed a substantial fortune. He was by affiliation a Presbyterian, his ancestors as far back as the record goes, being communicants of this faith. The news of his death will come as a sad blow, particularly to the older residents of the city. File at: http://files.usgwarchives.net/nc/mecklenburg/obits/p/pegramsr1531nob.txt This file has been created by a form at http://www.genrecords.net/ncfiles/ File size: 5.5 Kb