National Bank (Sumter, SC)

Episode Information

Episode UID
308201052
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
30820 national
Charter Number
3082
Start Date
August 22, 1887
Location
Sumter, South Carolina (33.920, -80.341)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2944b478d27d4815

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1887-08-24
Date receivership terminated
1891-03-05
OCC cause of failure
Fraud
Share of assets assessed as good
99.8%
Share of assets assessed as worthless
0.2%

Description

Newspapers refer to the Sumter (Sumter) National Bank; cashier Bartlett's defalcation led to suspension and receiver appointment.

Events (4)

1. November 26, 1883 Chartered
Source
historical_nic
2. August 22, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier C. E. Bartlett absconded after large defalcations (reported ~$20,000), prompting suspension.
Newspaper Excerpt
C. E Bartlett, cashier of the Sumter National bank at Sumpter, disappeared this morning with about $5,500 in gold. The bank has suspended temporarily but can stand the loss.
Source
newspapers
3. August 24, 1887 Receivership
Source
historical_nic
4. August 24, 1887 Receivership
Newspaper Excerpt
The Government Inspector Takes Charge of the Bank... Mr. John E. Tate... took charge of the bank this morning and has been busy all day examining its affairs. ... Mr. John E. Phillips, of Charleston... has been appointed receiver for the Sumter National Bank.
Source
newspapers

Newspaper Articles (23)

Article from Daily Kennebec Journal, August 23, 1887

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Detaulting Cashier. CHARLESTON, S. C., Aug. 22. C. E Bartlett, cashier of the Sumter National bank at Sumpter, disappeared this morning with about $5,500 in gold. He is a defaulter to the amount of $20,000. The bank has suspended temporarily but can stand the loss.


Article from Sacramento Daily Record-Union, August 23, 1887

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He Closed the Bank. CHARLESTON (S. C.), August 22d.-C. E. Baztlett, cashier of the Summer National Bank, at Sumter, disappeared this morning with about $20,000. The bank has suspended temporarily. A Brutal Affair. - <


Article from Los Angeles Daily Herald, August 23, 1887

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Decamped with the Cash. CHARLESTON, S. C., August 22.-C. E. Bartlett, cashier of the Sumter National Bank at Sumter, disappeared this morning with about $20,000. The bank has suspended temporarily.


Article from The Morning News, August 23, 1887

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BANK CASHIER FLEES. A He Took $5,500 in Gold and Left a Shortage of $20,000. COLUMBIA, S. C., Aug. 22.- A special to the Daily RΓ©gister from Sumter, in this State, gives full particulars of a defalcation which caused the National Bank in that place to close its doors and suspend payment to-day. Charles E. Bartlett, the cashier, who has held that position since the bank was organized in November, 1883, had been speculating unsuccessfully in cotton futures for the past two years. It has been known for some time that his books were incorrect, as be was unable to make a statement of the accounts between his bank and its New York correspondent, the Mercantile National Bank. The directors gave him until Monday to straighten out matters or resign. Saturday night he was noticed in the bank, and later was recognized at Florence, where he purchased a ticket by the Atlantic Coast Line for New York. An investigation this morning disclosed the loss of a bag containing $5,500 in gold. The directors have been in session all day, but thus far are unable to ascertain the extent of the loss, which, however, is supposed to be between $30,000 and $40,000. Bartlett's bond is for $20,000. The bank is expected to meet all demands in full by an assessment of 50 per cent., and to resume business shortly. Bartlett is about 35 years old, tall and slender. He was regarded as above suspicion.


Article from Wheeling Register, August 23, 1887

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Why He Disappeared CHARLESTON S. C., August 22 C. 1 Bartlett. cashier of the Sumter National Bank, at Samter, disappeared this morn ing, and it was extenquently ascertained that he had absconded with about$20.6 11.0 The bank has suspended temporarily, but can stand the loss.


Article from The Salt Lake Herald, August 23, 1887

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A Sudden Disappearance. CHARLESTON, 8. C, August 22.-C. E. Bartlett, cashier of the Sumter National Bank, at Sumter, disappeared this morning, with about $20,000. The bank has suspended.


Article from The Memphis Appeal, August 23, 1887

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Cashier Missing. CHARLESTON, S. C., August 22.-C. E. Bartlett, cashier of the Sumter National Bank, at Sumter, disappeared this morning, and it was subsequently ascertained that he had absconded with about $20,000. The bank has suspended temporarily, but can stand the loss.


Article from Fort Worth Daily Gazette, August 23, 1887

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An Absconding Usahier. CHARLESTON, S. C., Aug. 22.-C. E. Bartlett, cashier of the Sumter National Bank at Sumter, disappeared this morning, and it was subsequently found he had absconded with $20,000. The bank has suspended temporarily, but can stand the loss.


Article from Great Falls Tribune, August 24, 1887

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Absconded. CHARLESTON, S. C., August 23.-C. E. Bartlett, cashier of the Sumpter National Bank of Sumpter, disappeared this morning with about $20,000. The bank suspended temporarily.


Article from The Memphis Appeal, August 24, 1887

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The Closed Bank NEW YORK, August 23.-A Charleston, 8.) O., special says: Great exeitement WAB created in Sumter yes terday morning when'the sign "closed" was found posted on the door of the Sumter National Bank On investigatien, it was found that the cashier, Charles E Bartlett, bad absconded with all the foods the bank. amounting to $6500, and that his books were abort to the amount of $20,000. Bartlett is believed to have gone to Mex ico. The feature of the defalcation which is creating the most talk is the fact that the bank directors knew'of the condition of the books weeks ago, and only three weeks ago met and passed 8 resolution to the effect that if his books were not straightened by August 15th they would require: his resignation. Bartlett's downfail was caused by heavy speculation in CO ten futures. The bank has suspended payment until some arrangements CAD be made. The directors will make the loss good and the bank will resume.


Article from Burlington Weekly Free Press, August 26, 1887

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Another Cashier Absconds. CHARLESTON, S. C., Aug. 22.-C. E. Bartlett, cashier of the Sumter National bank at Sumter, disappeared this morning with about $5500 in gold, He is a defaulter to the amount of $20,000. The bank has suspended temporarily and can stand the loss.


Article from Macon Beacon, August 27, 1887

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Dishonest Cashier. CHARLESTON, S. C.. Aug. 22.-J. E. Bar. lett, cashier of the Sumter National Bank at Sumter, disappeared this morning, and it was subsequently ascertained that he had absconded with about $20,000. The bank has suspended temporarily, but can stand the loss.


Article from The Newberry Herald and News, September 1, 1887

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THE SUMTER DEFALCATION. The Government Inspector Takes Charge of the Bank-Reasons why Bartlett Should Have Been Removed Long Ago. SUMTER, August 24.Mr. Samuel D. Tate, of North Carolina, a Government bank examiner, arrived here late yesterday evening and was closeted with President Wallace until a very late hour in the night. He took charge of the bank this morning and has been busy all day examining its affairs. He cannot yet say anything definite about its condition, as the investigation has not progressed far enough. He says, so I am told on the streets, that the examiner who was here in March last, and who pronounced the books in excellent condition, could not have made a very thorough examination, or he could not have made such a report, as the books were then, as well as now, in very bad condition. It seems that very few persons, if anybody at all, had an idea that Bartlett was speculating in futures, although it was known that he possessed great betting propensities and has for several years been investing heavily in the Louisiana State Lottery. On Monday morning, a short time after his flight became known, an express package was delivered at the bank for Bartlett, which, upon being opened, was found to contain a check of a New Orleans bank for $150, and $124 worth of lottery tickets. During the Presidential campaign of 1884 Bartlett is known to bave won several hundred dollars on the result. At that time one of his bondsmen wrote him that he desried to come off the bond, but for some reason he remainnd on it. No suspicion was entertained then, however, that anything was wrong with him. One of the counsel for the bondsmen told me this afternoon that they intended fighting the matter to the last. Major Green Bartlett's father-in law, telegraphed his family that it will be impossible for him to come out here at present. THE RECEIVER OF THE BANK. Mr. John E. Phillips, of Charles ton bookkeeper for George A. Trenholm & Son, has been appointed receiver for the Sumter National Bank, which has been placed in such serious straits by the Bartlett defaication. Mr. Phillips was appointed at the suggestion of Col. Wm. L. Tren. holm. United States comptroller of the treasury, and having wide experience in the keeping of accounts will no doubt give general satisfaction. He has already furnished bond to the amount of $20,000, and will immediately assume charge of the bank. DID BARTLETT GO WEST ? A railroad man said to a Reporter yesterday that he was of the opinion that Bartlett, the absconding bank cashier, had gone West via Charleston, and the theory that he had bought a ticket to the North in order to throw the officers of the bank off his track was the correct one. "The correctness of this theory," said he, "is borne out by the fact this was the shortest, quickest and most convenient route by which he could get out of the country. The train which took him from Sumter reached Florence at 1.15 A. M. At 1.30 he took the fast mail train for Charleston, reaching Ashley Junction at 4 A. M., when he boarded the train for Savannah. This train carried him through to the West, landing him at 7 o'clock the next morning in New Orleans, where the Southern Pacific Railroad makes close connection for Mexico and points in the far West." Chance for Civil Service Graduates.


Article from The Abbeville Press and Banner, September 7, 1887

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Sumier's Wrecked Bank. August 20, Charles E. Bartlett, Cashier of the Sumter Bank, disappeared leaving the bank in a wrecked condition. Great confusion has followed. The bondsmen of Bartlett, the officers of the bank, depositor's and all concerned are trying to see what is gone and what is left. The following from the Daily Register is the latest we have seen SUMTER, Aug. 27.-The bank examiner furnishes the following statement of the condition of the wrecked bank : Assets, notes due the bank. $45,700; cash in safe. $1,800 : to be returned from sale of bonds in Washington, $2,000; refunded by Cashier Bartlett, $2,700; cash in checks, 8150 factory stock, $300; total assets. 852.850. Due to depositors, a little over $62,000. Other liabilities as yet unknown. The receiver will be here on Monday. Colonel Wallace left for Charleston tonight, and will make arrangements to carry on a collection business at once. Bartlett's bondsmen protest against the appointment of the receiver. As before indicated, Bartlett's defalcation will be over $65,000. Depositors will get most of their money by January next.


Article from The Washington Critic, September 20, 1887

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GENERAL NEWS NOTES. The steamers Champagne, Alaska and Germatile brought a total of $1,384,000 gold 10 New York yesterday. Captain R. B. Guthrie of Aitoons, Pa., was drowned while bathing in the surf at Atlantic City, Sunday afternood. An assignment has been made by the Mutual Manufacturing Company of Chicago, makers of barbed wire. Liabilities, $18,000; assets $10,000 The Lincoln, Neb., branch of the Irish National League has adopted resolutions denouncing the police at Mitchelstown, Ire. land, for shooting down unoffending per FODS and the course of the British Ministry in approving their conduct. Two four-year-old children, named Frederick Hulet and Bernard Moore, while playing bear their residences in New York yesterday, were run over by a wagon driven by Micbael Holmes Frederlck was killed and Bernard was injured, probably fatally Fayette and John Darnelle were return. ing home from Galeeville, Coryell County, Texas, Sunday, when they were fired upon from ambush and John Darnelle was killed. One of the ambushers, News Black well, was killed. Newt. Blackwell was a brother of Rev Dick Blackwell, who was waylatd and killed three weeks ago. Colonel R M. Wallace, president of the broken National Bank of Sumter, S. C., having accused P. G. Bowman of drawing drafts on the bank when be had no money on deposit, Bowman yesterday, on the street of Sumper, struck him with a cane. Wallace snatched the cane out of Bowman's hand. The latter drew a pistol, but friends interfered and both men were arrested and bound over. At the meeting of the board of public works in Jersey City yesterday, twenty heads of departments were removed and over thirty Ave appointments were made The board is composed of six commission ers, three of whom are Republicans and three Democrats. After effecting an or gauization last April the commissioners quarreled over patronage The result was a deadlock, which tied up all contracts and other important matters until last week. El Combate, the organ of the Mexicin army officers, is giving much space to shirp attacks on the Jesults, printing what are alleged to be secret instructions to menbers of the order, and charging them with conspiring against liberal governments everywhere. The bitter autf-cleries tone of El Combate is attracting much attention, and as it expresses the sentiment of the military leaders in the recent controversy regarding the conduct of Maximillan at Queretaro, it has served to bring the 11b eral and clerical parties into a hostile attitude.


Article from The Newberry Herald and News, September 22, 1887

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A SENSATION IN SUMTER. Col. R. Wallace Struck With a Cane by Mr. P. G. Bowman. whom he had Accused of Drawing on the Bank when he had no Money. Special to News and Courier. SUMTER, September 19.-Quite a ripple of excitement was caused here this morning by a fight between Col. R. M. Wallace, president of the defunct Sumter National Bank, and Mr. P. G. Bowman. It seems that in examining the bank papers the receiver found among other vouchers drafts amounting to over $3,000, which bad been drawn by Mr. Bowman on the bank last year. Col. Wallace mentioned this fact to a gentleman in town and added that Mr. Bowman had no money in the bank when the drafts were drawn. Mr. Bowman heard of the remark and meeting Col. Wallace on Main street, in front of the Courthouse this morning, asked him about it, Col. Wallace replied that he had said it, whereupon Mr. Bowman said that he did have money in the bank when he made the drafts and told Col. Wallace that he was a liar, adding that he thought Wallace was as deep in the bank robbery as Bartlett. Wallace gave Bowman the lie, and the latter immediately struck him across the head and shoulders twice with a light bamboo cane which he, carried in his hand. Col. Wallace caught the cane out of Mr. Bawman's hand. when Bowman drew his pistol. Several bystanders then rushed up and parted the combatants. Both were arrested but were released after being summoned before the Police Court in the morning, when all the facts and circumstances of the case will receive an official investigation. At the time the drafts referred to were drawn Mr. Bowman had money in the bank amounting to about 84,000, about $600 being his own, and about $3.340 belonging to two clients, for whom he had collected from the Wilmington, Columbia and Augusta Railroad Company on judgments obtained against that company. Col. Wallace says that there was. no deposit credited to Mr. Bowman on the books when the drafts were made. There is a report on the streets that Receiver Phillips has discovered an error in the bank examiner's estimate of the defalcation amounting to about $14,000 in favor of the bank Mr. Phillips refuses to say anything about the matter, but does not deny the truth of the rumor.


Article from The Morning News, February 13, 1888

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The State Agricultural Department is informed that a company has recently been organized in one of the Northern cities, with a capital of $250,000, for the purpose of making "summer matting" from rushes, and that the company is now seeking a place to locate their factory where the rushes grow in abundance. Any parties who have lands upon which the rushes grow to the length of 3 feet or more are requested to furnish their address to the Commissioner. At Greenville Thursday an interesting case of mistaken identity varied the monotony of the United States Court. Isaac McLaughlin, a negro, was arrested four months ago on the charge of selling whisky without a license. He has been held in jail since that time, but when witnesses were sworn in court to testify against him, they testified that the prisoner was the wrong man altogether. This brought the trial to an unexpected denouement, and McLaughlin was released. Miss Annie Utsey, daughter of the late W. M. Utsey, Jr., who lived near George's, was fatally burned on Friday last. Her clothing caught from an open fire when she was alone in the house, and she rushed out and ran for a hundred yards, trying to tear off her garments, but they were entirely consumed before assistance reached her. She walked back to the house without falling. She died on Saturday, retaining her consciousness to the last. She was to have been married last week, and was buried in her bridal dress. Her betrothed reached her before her death. At Camden last year the real and personal property was listed at $491,595. It is estimated that the returns will amount to more than $500,000 this year. Only thirty-one dogs are returned for this year, and the number of dogs in town is variously estimated by different ones at from 200 to 500. The County Auditor's books show that there are 1,859 dogs in the county. No one seems to doubt that there are 5,000. Each dog is valued at $5 a head. Thirteen hundred and twenty-nine sheep and goats are returned, at a valuation of $1,360, making each sheep or goat worth on the average a little more than $1. There is some difficulty about the collection of State taxes claimed by the State to be due by the Sumter Bank, recently bankrupt, and of which John E. Phillips was appointed receiver by the Comptroller of the Currency. The Auditor of Sumter assessed the bank for the full amount of shares outstanding. The receiver claims that the bank is not liable, as each shareholder returned his own stock. The Comptroller of the Currency has the same opinion upon the subject, and a correspondence will now ensue, but in the meantime the County Treasurer has turned the matter over to the Sheriff to attach the property of the bank. At the request of the receiver, Comptroller General Verner has instructed the County Treasurer to recall and withhold his executions delivered to the Sheriff until the matter can be decided. There is a question as to whether the lien of the depositors of the bank is superior to that of the State.


Article from Wichita Eagle, May 24, 1888

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The Wichita Daily Eagle: Thursday Morning, May 24, 1888. SPORTING. SUIT AGAINST A BONDSMAN. CHARLESTON, S. C., May 23.-In August BASE BALL. POLITICAL CONVENTIONS last Charles E. Bartlett, cashier of the CASH PURCHASERS. AT KANSAS CITY. Sumter National bank, absconded. He has not been seen or heard from since. 110042000-8 Kansas City Omaha 202000000-4 THE SENATORIAL CONVENTION IN He was first reported to have gone to AT BROOKLYN. Canada and then he was alleged to have SESSION AT LINCOLN. sought refuge in Mexico. The only things 200000100-2 Brooklyn certain are that he has not come back and 00000*50*-7 Kansas City WANT : A: BI Batteries-For Brooklyn, Caurthers and that he stole enough money to break the Bushong. For Kansas City, Toole rnd bank, his total stealings amounting to Daniels. The Delegates Instructed for Ingalls about $80,0000. Bartlett's bondsmen are Base Hits-Brooklyn 4, Kansas City 12. i Everything here offered is of real and Plumb for Re-Election here, however, and they are are good for Errors-Brooklyn 6, Kansas City 7. exporters. Such goods as you want and S $10,000, suit for which amount was begun To the Senate. AT CLEVELAND. wonder. It's the way we are building up SI in the United States court today. ExCleveland 000500000-5 Mayor Courtenay is foreman of the jury At Cincinnati 001300101-6 torner Genenal Earl is the leading counsel Batteries-For Cleveland, Crowell and $1.25 FOR 94c. for the defense. The bank is in the hands of Illinois Democratic State Convention-ReSnyder. For Cincinnati, Vian and BaldJohn Phillips, receiver, appointed by the A lot of pure silk faille franwin. port of the Committee on Resolutreasury department, by whom the suit is IN caise, regular price. $1.25, we will Base hits-Cleveland 7, Cincinnati 10. brought. District Attorney Shumans is tions-Delegates. close at 94c. Errors-Cleveland 9, Cincinnati 6. leading counsel for the plaintiff. The deFrom t fense claims that that the president and Rain prevented the game at Baltimore the Bolt $1.00 FOR 75c. directors of the bank had been negligent with St. Louis, also the one at Philadelphia est pur between the Athletics and Louisville. and culpable in allowing Bartlett to carry Gen. Palmer Nominated for Governor-The A large line of all silk 23 in. on the frauds which he was shown to have sale tod wide satins, rhadames and surah AT INDIANAPOLIS. Mills Faction Victorious at Harrisperpetrated, and that they should have exsilks worth $1.00 per yard, out 0020000*0-4 Indianapolis. amined into and used proper care in the burg-Other Conventions. Boston 30101000*-5 1 they go at 75c. management of the affairs of the bank. Batteries-For Indianapolis, Boyle and Receiver Phillips testified today that he 35c FOR 19c. Meyers. For Boston, Conway and Kelly. had found the most carefully devised sysBase hits-Indianapolis 7, Boston 11. tem of fraudulent bookkeeping by the de25 pieces 36 in. plain and check LINCOLN, Kan., May 23.-The ThirtyErrors-Indianapolis 4, Boston 4. If you faulting cashier; that figures had been suiting, look at them and you fifth district senatorial convention of Reand wi AT ST. LOUIS. continually changed from hundreds to will recognize a saving of 16c at publicans is in session here tonight. It St. Louis yard it 000100100-2 thousands, and that the entire set of books our price for this sale, 19c. showed a determined and well carried out It's th Des Moines 000000000-0 began its labors yesterday at 2 p. m. with effort to ruin this corporation and rob it of four candidates in the field. A deadlock 25c FOR 10 1-2c. AT PITTSBURG. the last penny. The case will not be finis on; 350 ballots were taken without 001000120-4 Pittsburg. A medley of goods worth and ished for several days. Dartlett ranked .00012200*-5 Washington change. No prospect of a nomination to20 CO. selling elsewhere at from 15c to high in Sumpter. 30c. nor yard sincle and double trote no night. The vote stands: Ellsworth counBatteries-For Pittsburg, Kaufman and


Article from The Manning Times, May 30, 1888

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The Sumter Bank. In the course of the trial of the case of the National Bank of Sumter against the bondsmen of Bartlett, the defaulting cashier, in the United States Court in Charleston, Mr. John E. Philips, the receiver of the bank, made the following statement as to the present condition of the affairs of the bank: Liabilities $ 78,159 90 Stock, surplus and undivided 60,774 01 profits Total $138,933 91


Article from The Savannah Tribune, November 3, 1888

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WASHINGTON NEWS. WHAT THE UNITED STATES OFFICIALS ARE DOING. The situation of affairs in Hayti, according to reports received at the Department of State, has assumed so serious a phase that it has been decided to send a naval vessel to that country for the protection of American interests. The chief of the bureau of engraving and printing, in his annual report says that the production of securities by the bureau during the fiscal year exceeded that of any previous history of the bureau, 38,040,948 sheets being printed 5,388,777 more than in 1887. Because Lord Sackville-West, the British ambassador at Washington, wrote a letter to a naturalized citizen at Los Angeles, Cal., advising him how to vote in the presidential election, the U. S. Government has requested Lord Salisbury to recall Lord Sackville-West. The Comptroller of the Currency has declared a third dividend of 18 per cent in favor of the creditors of the National Bank of Sumter, S. C., making in all 80 per cent on claims proved, amounting to $75,339. This bank failed August 22, 1887. In an opinion rendered by Justice Bradley, in the drummer tax case of William G. Asher vs. the state of Texas, the Supreme Court of the United States, on Monday, declared unconstitutional all state laws imposing a license tax upon commercial travelers not residents of the state imposing the tax. President Cleveland has modified the sentence of dismissal in the case of Lieut. Col. George A. Forsyth, 4th cavalry, convicted by court-martial of duplicating his pay accounts, so as to provide for his suspension from rank and duty for a term of three years on half pay. The disgraced colonel was a trusted member of Gen. Sheridan's staff at one time, and was a brave and reckless soldier during the War. Secretary of State Bayard on Tuesday, informed Lord Sackville-West, the British minister, that President Cleveland directed him to officially say to him, that from causes heretofore made known to her majesty's government, his continuance in his present official position in the United States is no longer acceptable to this government, and would consequently be detrimental to the relations between the two countries. The Supreme Court of the United States affirmed the judgment of the Supreme Court of the State of Georgia in the case of the Georgia Railroad and Banking company, plaintiff in error, V8. the Railroad Commissioners of Georgia. The Railroad Commissioners, by the authority of the State Legislature, prescribed what should be reasonable and just rates of transportation, and the Railroad company brought an action against them, claiming that the rates established constituted an impairment of the contract between the state and the company, by its charter granted in 1863.


Article from New-York Tribune, June 28, 1889

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SUING HENRY CLEWS s CO. John E. Phillips, the receiver of the National Bank w Sumter, South Carolina, began a suit yesterday against the members of the firm of Henry Clews s Co. for $15,082. The bank suspended in August, 1867. The receiver declares that Charles E. Bartlett, the eachier of the bank, speculated in stock and cotton and lost a large amount of money belonging to the bank. speculations, the plaintiff avers, were carried on through Henry Clews & Co., and the receiver seeks to recever Mr money from the brokers.


Article from The Morning News, March 16, 1891

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nt of the Press association, which meets Georgetown next month. He is now in respondence with the Clyde line of amships, and hopes soon to complete angements for a cheap trip to New rk on their handsome steamer Pawnee. Ground has been broken at Georgetown the foundation of the confederate monent to be erected in memory of the dead Company A, Tenth South Carolina regint, C. S. A., and the committee who have matter in charge are making every ort to have the unveiling take place dnrthe meeting of the State Press Associa1, which meets there next month. t a meeting of the stockholders of the ok of Georgetown held recently, Will1 D. Morgau. J. B. Steele, A. A. Springs, orge W. Williams, A. M. Manigault, L. eslau and Sol Brillis were elected a board directors, and 20 per cent. of the cap1 stock was called, to be paid by March Subsequently the directors met and eted W. D. Morgan president and J. J. zard cashier. It is proposed to start iness on April 1. Dutenhofer of New York has sent on to funded two green bonds, issue of 1872, redeem bills of the bank of the state. As se bonds matured in 1889, and the time redeeming them was by the act in 1880, re will bea little figuring done before fundling is affected. One lawver is of inion that these bonds, whose full value now over $4,000, should be funded as of 0, by which the value will be not much ected in favor of the funder. 'ire at the Pacolet mills at Spartanburg, esday night, destroyed 2,723 bales of cot. The fire was discovered about 9:30 lock, and in a few minutes the wareuse was in a full blaze. It seems to have n set on fire, as there had been no fire r the house to-day or at all lately. This ot the first time that incendiarism has en attempted at the mills. The insurance gregates $100,000. The loss is estimated $105,000. Two warehouses were burned. Near Spartanburg, Tuesday, Mrs. Haynes t her son, aged 10, to cook a pot of coffee supper. He mistook a can of stramonn or Jimson weed for coffee and boiled it. e mily, consisting of the mother and ir children, drank the stuff Shortly afwards each one felt a dizzy sensation, th parched throats and thirst, which ter would not quench. Dr. George R. an was sent for immediately. He found family in a crazy condition, two of m having spasms every few minutes. were saved. is agent of the stockholders of the Nanal Bank of Sumter, which was wrecked August, 1887, Col. R. M. Wallace has reved from the United States controller the currency $8,125 in dividends, which began to pay out Weduesday. This ounts to $16 per share. All debts against bank and interest were paid in full by ceiver Phillips before his discharge, To this the stockholders were assessed $39 share, in addition to losing their stock. IIIM erom 000'91$ in and that percedxe S collected from suits now pending. welve prisoners have been convicted in Bishopville riot cases for the riot on turday night. John Rembert was senced to nine months at hard labor in the nitentiary or to pay $150, and Henry bert, Calvin Jackey, Edmond Green, lliam Mack, Tom Davis, Stephney vers, Capers Mack, Sam Peters. Frazer Intosh, Wash George and Colclough illiams were sentenced to six months at d labor in the penetentiary or $100 fine. lliam Mack paid his fine and was disarged. For the Sunday riot all were victed except John Rembert and Willn Mack, and were sentenced to six nths in the penitentiary or to pay $100. in Rembert was shot in the riot on Satlay night and was not engaged in the nday affair. He was the ringleader on turday night and consequently got a vier sentence than the rest. He exets to be able to pay his fine. The following general order, No. 2, has en issued by the adjutant and inspector neral: "With a view to greater convence in the organization, assembling, drill d discipline of the troops, the following anges are hereby ordered, to take place m this date in the commands mentioned, follows: 1. The companies comprising Insurtry "I 'A O S Second 6 1. Wilie Jones commanding, will be as lows: Gordon Light Infantry, Capt. W. Jordan, Winnsboro, S. C.; Governor's ards, Columbia, S. C.; Richland Volunrs, Capt. Joseph K. Alston, Columbia, C.: Lee Light Infrantry, Capt. J. K. rshall, Chester, S. C.: Jenkins fles, Capt. W. B. Moore, Yorkville, S. C.; tawba Rifles, Capt. E. A. Smith, Rock 11, S. C; Edisto Rifles, Capt. N. H. Bull, angeburg, S. O; Fort Motte Guards, pt. R. M. Claffy, Fort Motte, S. C; Lexton Guards. Cant C. R


Article from The Manning Times, May 20, 1891

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The Defunct Sumter Bank Paid Out. Mr. J. E. Phillips, receiver of the late National Bank of Sumter, has completed his work. Under a bond of $20,000 Mr. Phillips collected nearly $100,000. paid creditors, principal and interest in full, and turned over for the stockholders more than $8,000 surplus. This is the only national bank that has ever failed in South Carolina.