19926. Charleston Savings Institution (Charleston, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
June 28, 1867
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini
Short Digest
5b106eba

Response Measures

None

Description

Contemporary articles (late June–July 1867) report the Charleston Savings Institution 'seized by the military authorities' as insolvent and 'in liquidation.' No run or depositor crowding is described. Military seizure/forced payments indicate government action leading to permanent closure/liquidation.

Events (2)
1. June 28, 1867 Suspension
Cause
Government Action
Cause Details
Seized by military authorities for failure to pay principal and interest to U.S. soldiers (depositors); bank declared insolvent and in liquidation.
Newspaper Excerpt
The Charleston Savings Bank has been seized by the military authorities for failure to pay the full principal and interest to certain United States soldiers ... The bank is insolvent and in liquidation.
Source
newspapers
2. July 27, 1867 Other
Newspaper Excerpt
The trustees of the old Charleston Savings Institution have been made to refund $2500 claimed by loyal depositers, on an order from General Sickles, threatening them with imprisonment unless they produced the money .
Source
newspapers

Newspaper Articles (5)
1. June 29, 1867 Evening Star Washington, DC
Article from Evening Star, June 29, 1867

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Article Text

W. D. WALLACH. The STAR is served by the carriers to their subscribers in the City and District at TEN CENTS PER WEEK. Copiesa the counter. with or without wrappers, Two CENTS each. PRICE FOR MAILING Three months, One Dollar and Fifty Cents; six months, Three Dolears; one year, Five Dollars. No papers are sent from the office longer than paid for. The WEEKLY STAR-published on Friday - One Dollar and a Half a Year. TELEGRAMS, &c. Special Treasury Agent William Bell has arrived in New Orleans. being delegated by Secretary McCulloch to arrange matters relative to the further management of the assets secured to the United States on account of the Sub-Treas ury defalcations. Serious charges have also been nade against General Herron, United States marshal, to the department. It was alleged that Herron was one of the directors of the First National Bank, and belongs to the "ring" who so largely overdrew. The grand jury drawn by Herron before whem the directors of the bank and defaulters of the Treasury should have been indicted, have been summarily discharged, and a new renire issned. Hon. H. S. Fitch, United States Attorney at Savannah, G2, in answer to a letter addressed 10 him, has expressed the opinion that a pardon granted by the President blors out all disfranchisement. and reinstates the individual in all his previous rights. which the CANNOT be deprived of by any subsequent legislation. He says that the elective franchise is one of to se rights restored by pardon and amnesty. 1, a person thus pardoned is refused registra. tion let him enter a protest fr the consideration of the commanding general. The following extracts are from the Galves. ton News of the 24th instant:---The 15th of May is to be a grand national festival day in honor of the victory over Maximilian. The Mexican press are firm and unanimously in favor of the execution of Maximilian. It is stated that Escobedo has threatened to depose Juarez, should the latter not order the execution of Maximilian.' The Charleston (S.C.) Savings Bank has been seized by the military authorities for failure to pay full principal and interest to certain United States soldiers of the Fort Moultrie garrison, who were its depositors when the war commenced. The bank is insolvent and in liquidation. and the directors refused to consider these depositors as preferred creditors. The following are some of the colored majoritiesin registration in Virginia yesterday: Rich. mond, 113: Chesterfield county, 500; Menrico county, 200. The United States commissioner has sent Mark Downey to the United States court to be tried for perjury in registering against the provisions of the Alexandria constitution. James Eldridge, engineer. and Samnel D. Reamer, fireman, of the Cincinnati express train, were both killed by the engine. baggage and mail car running off the track two miles east of Elmira. The accident was caused by a broken rail. Alexander Bernard, the villain who committed a rape on a girl 4 X years old, in Brooklyn. was yesterday sentenced to twenty years' imprisonment. The child died from the effects of the bratalities of the fiend. Rumors are current in New Orleans that Sheridan is to be relieved by General Rous. seau. [There is no shadow of foundation for report.-Ed.) Dennis Burns, 75 years old, was arrested yesterday in Brooklyn, charged with violating a little girl nine years old. He was heid for trial. Registration in Norfolk was completed yes. terday. The negroes have 2,000, and the whites 1,846 votes. The registration in Petersburg. Va, foots up thus far 831 whites, to 1,827 blacks.

2. June 29, 1867 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, June 29, 1867

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Article Text

News Items. JERSEY CITY, June 28.-The Presidential party took the 3.40 train Southward. PHILADELPHIA, June 28.--The President passed South Philadelphia in the noon train, and halted two minutes. Neither speeches nor demonstrations. WILMINGTON, June 28.-The damage to the Wilmington and Manchester Railroad by the late rains, has been fully repaired, and all the trains are running through in schedule time. NEW ORLEANS, June 28.-The rumor is current here that Sheridan will be relieved by Rousseat ; in consequence of which the Times, this afternoon, comes out with n eulogistic biography of the latter General. RICHMOND, June 28.-The United States Commissioner has sent Mark Downey on to the United States Court, to be tried for perjury in registration against the provisions of the Alexandria Constitution. NEW YORK, June 28.-The steamer Union, from Europe on the 18th, has arrived. The yellow fever is prevailing at Mauritius, and there are 200 deaths daily. 10,000 had died. Correspondence from Ireland states positively that James Stephens had just paid a visit to Dublin, and returned to France after attempting to defend his course in a Fenian council in Dublin. There was no hope for the cause. The writer states, as a result of the Fenian movement, the United States will this year gain an abundant supply of the most valuable emigrant labor from Ireland. WASHINGTON, June 28.-The week's customs receipt. amount to $2,072,000. Internal revenue receipts today$892,000. CHARLESTON, June 28.-The Charleston Savings Bank has been seized by the military authorities for failure to pay the full principal and interest to certain United States soldiers of the Fort Moultrie garrison, who were its depositors when the war commenced. The bank is insolvent and in liquidation, and its directors have refused to consider these depositors as preferred creditors. Arrived-Steamer Falcon, Baltimore. SAVANNAH, June 28.-Hon. H. S. Fitch, United States Attorney, in answer to a letter addressed to him, has expressed the opinion that a pardon granted by the President blots out all disfranchisement and reinstates the individual in all his previous rights, which he cannot be deprived of by any subsequent legislation. He says the elective franchise is one of the rights restored by pardon and amnesty. If a person thus pardoned is refused registration, let him enter his protest for the consideration of the Commanding General. The Attorney-General closes thus: "Next to a insurpation of power, there is no higher grade, in political crime, than a timid abandonment of rights." United States Attorney Fitch today seized 187 barrels of whiskey. AND

3. July 3, 1867 The Anderson Intelligencer Anderson, SC
Article from The Anderson Intelligencer, July 3, 1867

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NEWS ITEMS. - The Northern papers report that the liabilities of the firm of Fraser, Trenholm & Co., have been ascertained to exceed their assets by nearly one million pounds sterling. - The damage to the Wilmington and Manchester Railroad by the late rains, has been fully repaired, and all the trains are running through in schedule time. - The jury in the case of Bong, and others, tried for the murder of Roe in a recent duel, after 20 minutes deliberation, rendered n verdict of "not guilty." The presoners were discharged. - The New Orleans Crescent says the darkeys in the country parishes are beginning to ask of the Radical emmissaries among them how it is possible for freedmen to be free, if they can't vote as they please? - The Fredericksburg (Va.) Ledger reports a man, calling himself George William Thompson, and claiming to be a registrar, as having collected, at $1 per voter, $2,000 from the "intelligent contrabands" in the Northern Neck. - A patent has recently been issued to Lorcuzo Sibert, of Augusta county, Va., for making steel railroad bars, and other steel, direct from n blast furnace, at comparatively little expense. If such a process is successful, it is one of the most important discoveries of the age. - Instructions have been issued by the President, through the Adjutant General's office, to the commanders of military districts under the reconfor Atas torney-General's struction act, interpretation the carrying into thereof. effect of the given in the ninetecn points alrendy published. - The Charleston Savings Bank has been seized by the military authorities for failure to pay the full principal and interest to certain United States soldiers of the Fort Moultrie garrison, who were its depositors when the war commenced. The bank is insolvent and in liquidation, and its directors have refused to consider these depositors as preferred creditors. - A shocking murder was committed in Rowan county, N. C., a few days ago. One R. Lunwick married a Miss Campbell against the will of his parents. They forbid her entering their house. A few days afterwards the body of the young wife was found in the Yadkin river, with n bullet hole in the temple-her throat was also cut. Ludwick was committed to jail, and it is believed that his parents had something to do with the murder also. - It is said that Attorney-General Stanberry holds that Chief Justice Chase's decisions, recognizing the Confederates as belligerents of war, in order to legalize the sale of the captured blockade runners, precludes a trial for treason, as belligerents cannot be tried for that offence. It is said that this doubt on the subject was the real cause of the delay in bringing Mr. Davis to trial.

4. July 6, 1867 The State Rights Democrat Albany, OR
Article from The State Rights Democrat, July 6, 1867

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BY HERAID] At [compiled FROM THE OREGON the June 28.Constifrom Greeley, reported an impartial tutional the amendment Committee to on establish be the subbill mitted separately. 25. Forty suffrage. Cassidy to the moved people that to be voted additional upon Railroad miles ORAHA, of the been June Union finished, Pacific making 385 have In 'all. further just troubles from the Indians from Railthe line are CHICAGO, say of that the a camp, Kansas by near Indians Fort Indians yester Harroad ker, day. was killed. Two attacked white# All and the several railroad For men were driven off. Buffalo and Troops have beep were The work betweenandoned. been the Railsit Creek has 'sent to protect 28.-Senorita June Orleans to-day en let a route for Mexico Skinner has the written failure of noth- the to do Treasurer saying that after Treasury has The ter, National Bank the with the bonds, to redeem of ing Government more undertakeedemption the United them other the same public as bonds of the discredited any States. the The report Greek of the delegation Turkish successes CommerCandpecial dispatch to the will be in- to that a proposition the extra session the cial says early in Bill, and throw over troduced repeal whole question the Military session. of Reconstruction Influential members to the favor Judiciary long this policy. Committee except have com- a should recom The their report, action the be taken on inendation pleted as to report, what which is very voluminous. ORLEANS, that June Sheridan A rumor has is NEW current here by Gen. Rosecrans. The Charles by been relieved June been seized CHARLESTOBANK has to pay the ton Savings military for the failure to certain were sol principal the and interest Moultrie commenced. who diers from before Fort the war and in the depositors was insolvent The Directors as process The bank of consider liquidation. those soldiera refused to creditors. The Working preferred ALBANY, June before adjourned, all la man's Convention, an address, calling the State upon to be Con- rep issued bor associations associate National in August. Labor at in Chicago 28 in S. Fitch, an vention SAVANNAH June Attorney, has given pardon blots U. S. District that Presidential and re- rights, opinion out the all individualing suffrage, all and his no sub- him of sequent includingerialation instates that of can deprive The Times' these CHICAGO, rights. June says the 20. several Denver coaches papers i of Omaho the 24th special attacked say that by Indians, and have three ASHINGTON, been persons killed. June district 28.-Advices say most Gen. Schofield' is progressingunties. the the white man satisfactorily from registration every eastern not In is very full, registered. the white registry disfranchised It districts being colored. OX many that of the The e second call ed asceeds CHICAGO, session adjourned. of June the A Illinois bill by was the Legislature passed State, 'of the Penitentiary, has suming the control, instead of the former 3, Tribune's y lessee system. YORK, June 29. A the Presi New NEW Orlean's special Secretary, says and that others any s dent's private Private informed, to-morrow deny super or order equally will Sheridan be issued by Rosseau. publishes The a seding the President of Rosseau. h in morrow, accordance a gan lengthy Registratic of laudatory closes speech in New with Orleans Sheridan' to to of Minister u d The Herald order. Ottenberg A bearer is of here dispatches awaiting transport of tation. YORK, June28,- says Arch be Rome special of Cincinnati, on bishop New Purcell, dispatch of honor is grand to the at assigned the the Pope, in to ceremony being shown at right St. Peter's hand of post is on Saturday the to it re y Grebt attention bishops and clergy. specia ts American Washington Ag e. The Tribune's received by the all th s. saysinfort Information Department from of whea it se crop that of last m ricultural States, from show ten a to total fifteen year. average per cent great say m is er The than Times' telegraphed special to dispatch Grant in the Lou re in perishes vo isiana, If Sheridan turns of showing 43 out of 87,941 48 registered Gen. Or ters. World's special says respecting of recent er ill th te registration, modified The opinion the in regulations accordance of the Attorney with Gen th es us eral. The Judiciary Committee, taking evidenc havin n appea the ay again, decided briefly to commence examined is summoned next Ann to Monday Surrat Mex 24.-The before ORLEANS, June in favor of ex us d NEW press is unanimous The 14th of Ma ecuting ican hereafter Maximilian. observed as threater a gran of national depose holiday. Juarez should he O ed is to be Escobedo not to

5. July 27, 1867 Daily Ohio Statesman Columbus, OH
Article from Daily Ohio Statesman, July 27, 1867

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News of the Day. GENERAL NEWS. GOLD closed in New York yesterday evening at 1393/4. LATE Georgia and Mississippi advices represent the corn crop as very fine, and the cotton crop will be tolerable if the weather continues good. IN the match game of base ball between the freshmen nine of Yale and the freshmen nine of Harvard, played on Thursday morning, the Yale nine won. Score, 38 to 19. FREDERICK BAKEMAN, of the village of Freedom, in Cattaraugus county, N. Y., celebrated his one hundred and seventh birthday on the 4th instant. HON. CONSTANT Cook, of New York, has offered a subscription of $20,000 towards building a new church edifice (Episcopal) for St. Thomas' Church, at Bath, N. Y. LAST year eleven churches in Boston gave $259,000 for benevolent objects, and three hundred and eighty-two churches in the State gave $400,000. THE Boston Congregationalist and Recorder laments the unusual amount of drunkenness in that city on the 4th of July, in spite of prohibition. THE trustees of the old Charleston Savings Institution have been made to refund $2500 claimed by loyal depositers, on an order from General Sickles, threatening them with imprisonment unless they produced the money. THE great Shipbuilders' Bank case, at Rockland, Maine, which has been pending more than seven years, has been decided in favor of the stockholders. This action was brought by the receivers against the stockholders collectively to recover about $85,000 and interest for ten years, making this time over $135,000. AN exchange says that a Western man recently removed the remains of his son from a cemetery at Fortress Monroe, and after getting safely home he wrote to the executive officer as rollows: "The old coffin in which my son was buried was left in the dead house. I want to know how much the Government is going to allow me for it?" HARPER'S Weekly contains a "railroad measure," as a simple table of a new system of arithmetic. It begins: "I excursion train equals 2 accidents; 2 accidents equal 1 official inquiry; 1 official inquiry equals 1 signalman discharged," &c. This is not altogether correct. It requires at least twice two accidents to make one official inquiry. THE number of children in Connecticut between the ages af four and sixteen years is set down at 118,018, and the number of public schools at 1,651. The school fund amounts to $2,043,025, and the total amount expended last year was $716,203. The average wages per month of male teachers, including board, is $45, and of temale teachers, $23.