Bank of Charleston (Charleston, SC)

Episode Information

Episode UID
3373208490732
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
337320849 hash
Start Date
December 14, 1860
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2cdd34534a0d8c51

Response Measures

None

Description

Suspension began with Civil War-era specie suspension (Apr 10, 1861); bank later resumed business and was the subject of receivership litigation in 1866–67.

Events (4)
1. December 14, 1860 Other
Newspaper Excerpt
it was stated that the Bank of Charleston had resumed specie payments. This announcement...was premature. The mistake was owing to a current rumor
Source
newspapers
2. April 10, 1861 Suspension
Cause
Macro News
Cause Details
Civil War / secession-related suspension of specie payments beginning April 10, 1861.
Newspaper Excerpt
The Bank suspended payment of gold and silver ... on the 10th of April, 1861
Source
newspapers
3. January 1, 1866* Other
Newspaper Excerpt
Bill for Injunction, Discovery and Relief ... The Bank ... suspended payment of gold and silver ... and since have refused to pay specie
Source
newspapers
4. August 7, 1867 Receivership
Newspaper Excerpt
the said A. J. Willard is hereby designated and appointed receiver thereof for the United States.
Source
newspapers

Newspaper Articles (13)
1. December 15, 1860 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, December 15, 1860

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SECESSION MOVEMENT AT THE The GovFortificat our at Charleston , be in Move The Strengthening View at th. South erument A Northern Southern ments Wrongs. &c., & &c. Bank of Charleston, S O., resumed spe Mercury The the 12th inst and the cie payment its example on will shortly be followed Perry, by of thinks the other Bank> of the city. Charleston (tov. The S Florida, is at present in Columbia, has created panic at would small pox it was thought the Legislature vesterC. and to Charleston, probably, of Comadjourn In the North Carolina House adopted that day. resolution has been sign mone, branches a of the Legislature Legislature shall and both send to the South Carolina would confer with a paper asking if that body Southern States, North Carolina, and all the of the order that an honorable adjustment may in difficulties be tween the States Union preserved. be present effected, and a The constitutional Columbia (S C.) palate. thus in be noticing this action, say at too Norfolk, pers, leading men of all parties to call The requested the Mayor designated Va. public meeting. having he has done so, Ready and Men Norfolk held meeting 'hursday night next. The this week, and enlis be dito one hundred men companies, more. The four force of is bas which rented are vided into eight to be uniformed The organization to be five hundred at strong next their a drill room, and meeting expect At their meetresolutions expressive attachment ing the other to night the Union and the South were adopted. FORTIFICATIONAL OF ARLESTON HAR THE BOB-ACT VITY THEREIN a descrip forti in The Charleston casions Mercury of the harbor them. and the some tion of the of what enclosed is going on water battery, Moultrie is an south, or water side, u about having frout feet, and depth of ab and sides, of It is buil with is admirably adapted party on all either from the attack The are and walls inner defence, or by regular app brick. capped with and in eart filled The in in cleanir the saud the of fort walls ditching around and unterence, in up the closing past instead cutting entire circ the postern gates sally on and utheast west walls, and strong works in which hown which lead into southwest angles. will pounder guns sweep twelve enabling the garrison grape and placed, sides with has on three angle of the fort sustain The lengthened nor by a basi which command has weight of heavy gun the Island The and trauce cut the main street also been better the door On and the north side, been have placed gether wooden the lade, of as possibly battery many good men guns the ing ugly and thick, feet three of wD the from the walls A the we one been has them The is solid of formed pleted ther, the subs has plank been Against this wooden B placed. the In by that every obser guls are this time, and that the very certain hopes sider, mind with make his and ceremony the vancing which Adies upon the tal of Empire Celestial Jul. ago Gardner, R July the war, Hawk Gene of rank B be ember made On and his gallant lino del Rey. other Major the battle of Abuer Doubleda Capt Sevmour N fficers are Captain Lieu Talbot, Lieu Lieut G Foster Capt. Davis, Artillery Engineer Surgeon Assistan Lieut.G Regimen W Soyder S. of W. Crawford, of Staff of consist gentlemen, Medical under these companies the two not fall, The force, of Artillery The compri abou only men, short bind the ag time cluding but were expected, it now and the for at be least, present ibe id of work masonry, the of row double port and the on south guns, the stands middle land side, holed for musketry of the ship channel, loop harbor, on the edge proof he be bomb garrison. There and s eaid any regular one hun. without of wordbox all-busily employed large and force fifty in and otherwise order dred the guns in mounting strategic point consists this great Fort Sumter formidable many which The armament of them being the throw eigher shot inch which guns, Coll umbiada, have a tearful range shell, few of and these are yet in this catibre Only aunting pieces irily slow one. There also the casema work necess of artillery stores and 40,000 the large amount lbs. of wder, shell and of about quality of shot proportionate here sleep int regular workmen gaged the want any side. and every The night, owing with the city The of whart 10 8 cross exposed communication landing south fire from all the openings the southern on Castle that side. Pinckney is located slip on of marsh land, Hog excremily of narrow northerly direction side the which xtends in To the harbor thas Island Channel cular front. roximi as a fortress called Castle considered presents of much conseq y to ine im portance, never been although its properly armed observation would give it From basty mount garr Frisoned about fitteen guns them are flud and that there are the majority of Some on the parapewenty-four pounders. within the walls. eighteen and are, howe powder, shot -Columb blads' supplies of garrison the There are also there is no two watchAt present are one light shell only residents of the harbor post the have charge day laborers are em Some repairing the men, who thirty or forty cisterns and putting the place ployed generally in ATEMENT order. OF SOUTHERN GRIEV A NORTHERN BT ANCES Me Union.) For twenty [F from five the years Bankor the pulpit, the school.

2. December 25, 1860 Newbern Weekly Progress New Bern, NC
Article from Newbern Weekly Progress, December 25, 1860

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THE BANK OF CHARLESTON.-The Charleston Mercury of the 14th inst. says: "In yesterday's issue it was stated that the Bank of Charleston had resumed specie payments. This announcement, as we have since learned, was premature. The mistake was owning to a current rumor to that effect, bnt which, it seems, had no foundation other than in the fact that the Bank of Charleston, since the day of its suspension, has always been ready to accommodate its customers with specie for the promotion of their business and commerce,"

3. January 24, 1861 The Weekly Lancaster Gazette Lancaster, OH
Article from The Weekly Lancaster Gazette, January 24, 1861

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ju he was glad to know that Holt was coer. b cionist enough to sustain Anderson, astonishes Southern Senators. Crittenden C said the government which dared not use H was worthless. no marrow bones of the ze from He venerable coercion There is when Senator necessary. in the Kentucky. in SIGMA. is all grit. t N The Existing Crisis-Events and Opinions North and South. A Charleston cor respondent of the New York Tribune, writing on the 13th inst., says: The rebels think they can take the fort, are to it. of Fort Sumter idea and of the quite impregnability ready undertake The rests on a sufficient garrison with enough to eat. The Fort should have not less than 200 men; it has now not more than service. How continue 75 that fit number for effective will effective with- long out fuel, others can estimate as well as can. Thus cooped up, Major Anderson and his little garrison are compelled to witness in every the 18 all around going for their hour forward destruction. of the day, Heavy them, preparations guns designed ar le rive, and are transported to the batteries II ranging on the fort every hour. Thus the h weight of metal which decides the breach so ing account is increasing continually. As al yet, I do not believe that the means of breaching Sumter's walls are at hand. re The nearest batteries are a mile distant. it, But the exhaustion which a on on ur as could rison, and ing kept the fort up, would would the produce bombardment general open- garprobably be for many hours, io, would, it is argued, ineapacitate the garas rison for a successful defense at the moV- ment of the assault. WS FLOYD'S INSTRUCTIONS TO MAJ. ANDERSON. ed The last instructions sent to Major An n. to act on ion the say the day after in sive, lutely. derson but require They to maintain him his position the defer- Major resocommand from ng to Sumter. Mr. ers Fort Anderson him Moultrie this transferred Fort his Floyd sent brutal to runor that have riyour guns, your and There is a burned dispatch: you carriages, spiked the moved to Fort Sumter. If so, you have violated your orders. Answer immediby ately. To which the gallant Major Ba it the ia, following reply, substantially: the I did spike my guns, I did burn my remove to eatin the of du rate carriages, Fort Sunter, I did discharge my command my ty. GA. The traiter was thus both circumvent ed and snubbed. 8. HOW MR AIKEN WAS ROBBED OF $40,000 will A brief dispatch has already stated tha the Hon. William Aiken of South Carolna del one of the wealthiest men in the State an lay an opponent of secession, has been com 80. pelled to contribute $40,000 the dis tled cause. Star thu sion. the extortion was Pa. describes ed: union how The Washington to manage UnMr. Aiken was notified that he ob expe ted to advance forty thousand do the end, and his eve. or no:, as he outh did not have the advance ding lars that that he plead might please; money. right resiwas notified void assessed that and that he had been asses had promptly He been then notified promptly amount and that must Sece il af of it raised that under amount penalty and having promptly by pay and f N. colin worth tim Rates, save that from as immediate property much. confiscation To Charleston, sale many utter of de lock raise the amount House ed, it remarked that be better was a asury truction, would and in he paying did if he journeym deman his A. carpenter at the a than plane, at $2 per North day shoving wages, jac 20. South Carolina Millionaire he befo perit was to reduce the und on e a 11e is ugu. military suspected;" essayed despotism. South now was "one the hls course in come soem to be pleased with the sap loan earned him the having paying refusing dangero fore morn reputation of being disaffected to taken cause. Three As an excusa for such robberies, here. traitors plead that their governments ef of costing them $15,000 a day. May. REPUDIATION IN CHARLESTON, A is go There seems no end to repudiation riflas bad faith in South Carolina. The alry the per to the North, and onists to one another. The d all their obligations first debts repudiate Constitution, finally Savir ch un Bank of Charleston has suspended, effect the Trustees, in extenuation of their A v. faith, say they have invested deposits in that of various re. d these securities have s such but, millions bonds, they and of add, stock mortgages, description nearly that so low they cannot dispose of them more cept ruinous rates. They therefore pay the cash her of to for safe propoto give them the worth intrusted cooly fuse to offer their them depositors keeping, They t im. stock at "par." TERRORISM AT AUGUSTA. er,and seceA private letter in the New York isiting says: Federal h ed and We are in a terrible condition In Augusta mob law rules and overr Segur, law and order to such an extent that rginia, to March est men stand in fear, and hesitate of t. with press themselves on the condition GA. country as freemen should. As for not me at a summons to if 20. self, to not receive use it would surprise leave, any they more persuasive language. ere ap heartily tired of living in such a While munity, and can assure you that 11 they not remain a day longer than I can down

4. September 8, 1866 Keowee Courier Walhalla, Pickens, SC
Article from Keowee Courier, September 8, 1866

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Circuit Court of the United States. IN EQUITY. Hugh McRea, James Bankhead, and George Learight. citizeus of Nashville, Tennessee, VS. Bank of Charleston, South Carolina, Charles T. Lowudes, George A. Trenholm, Heury Gourdin, Alexander Robertson and Win. Thayer, citizens of Charleston, South Carolina. Bill for Injunction, Discovery and Relief. Brewster And Spratt, Solicitors for Complainants. The above Bill has been filed in behalf of Complainants and all others not citizens of South Carolina who are creditors of the Bank of Charleston. The Bill alleges that the Bank of Charleston was incorporated with a capital of two million dollars, with leave to increase the same two millions more, and afterwards modified by an Act ratified ou the 20th December, 1853, to be continued until the year 1877. The bank, it is alleged, has currency out to the amount of two million dollars and two million more on deposit for which certificates of deposit have been given. The Bank suspended payment of gold and silver on said notes and bills issued in accordance with its charter on the 10th of April, 1861, and since have refused to pay specie for said currency and deposits. The Bill further says that the purpose of South Carolina in granting the charter was to furnish to the citizens of the State its promissory notes and bills of credit in the nature of a circulating medium, and its certificates the representatives of and silver current coin, gold for funds deposited and that the nocomplishment of this policy and public purpose constituted the trust and condition of the charter; that the Bank having failed to redoem its promises. the assets are in the hands of the officers and directors as a trust fund. Various other allegations are made of breach of charter, and that the officers have continued to keep up the semblance of a banking corporation. It is further alleged that they extend to the stockholders information as to the condition of their assets, which they carefully cxclude from the complainants. It is further alleged that these parties hold what remained of the assets, consisting of coin to the value of thirty thousand dollars, real estate, notes, bonds, stock and domestic and foreign exchange, to the value of seven bundred thousand dollars, which assets, it is alleged, are withheld from the creditors, and applied to the uses of the stockholders. Another allegation in the Bill is, that the stockholders at the date of the failure, and those who were so within twelve months prior thereto, are liable to the creditors, by the provisions of the charter, for a sum not exceeding twice the amount of their shares. The Bill alleges that many of the Stockholders have transferred their shares to irresponsible persons, and hope, through such transfer, to escape liability. The Bill craves relief, and also the appointment of receivers, also to make the stockholders liable. As this is a matter of great public interest, we propose publishing a copy of the Bill.Governor Orr has convened a special meeting of the Legislature, and it may bc important that that body should take action on the subject. It is believed by our ablest lawyers that the clause of the charter making stockholders liable is a penalty, and does not create liability to creditors. For the support of this position the fact is relied upon that the clause above alluded to does not say expressly to whom the stockholders are liable in case of failure. At the last session of the Legislature a Bill for the relief of stockholders was brought forward in the Senato by Henry Buist. It was then thought by the stockholders the Bill would have been passed, and ought to have been passed, as it WHB evidently the design of the Act of Incorporation to make stockholders liable only in case of improper conduct on the part of the directors. If the Legislature does not interfere and repeal the penalty, or the Court should decide that the clause is not a penalty, but in the nature of a contract with billholdors and depositors, the change of property consequent in either of such cases will be such as to involve in ruin those who have saved some remnant of property from the dovustation of the civil war and convulsion through which the State has passed since 1860. We understand that this 3080 cannot be heard until the fourth Monday in November next at Columbia, S.C., unless a special Cirouit Court shall be convened to hear equity cases. If the case is no: heard in November

5. January 4, 1867 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, January 4, 1867

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LOCAL MATTERS. To OUR SUBSCRIBER We would call the attention of those who are indebted tous throughout the country, that the old year is closing and their accounts are not vet settled. The price of subscription is not large, and will not be missed from their plethoric pockets. The first of January has long been celebrated as day set apart for closing old accounts and we would not have our friends depart from this -honored custom. Money is the motive power of every enterprise, and newspapers are no exception, and we respectfully ask our country subscr bers to cash up and commence the new year with clear record. TELEGI We give the most important dis patches only in our tele graphic column to day We have endeavored to save our readers the trouble of winnowing the chaff from the wheat; not an easy matter. when the dispatches arrive as late as to 4 o'clock A. M PAINFUL ACCIDENT We are informed that young lady of this city was seriously and painfully burnt yesterday morning by her clothes taking fire from the grate. She was standing with her back to the fire at the time. and the draft drew her frock into the blaze Becoming alarmed she ran from the room into the kitchen and if her screams had not brought assistance, would have been burnt to death overal gent emon hearing her cries rce ed in and succee thering the flamos in time to save her life but the action of the fire had already burnt her terribly RING OUT THE OLD, ring in the now," says TENNYSON and by way of carrying out this injunction the United States 6th Infantry Band started out from their quarters about midni the dividing and tour line screnading between their friends in different parts of the city Band was fine tune: which indeed case. We came up to the Charlesto: Hotel just Serena was forth sending as SCHUBERT' dulcet notes Our friend MIXER. never found nap gracefully ping, was wide awake attentive the host. The forming the duties of most hospitable style young year was re by the merry party at the Charles BETTER LATE THAN NEVER. Wo had occasion a few dave since to speak of the Charleston Alms House and remark red that we had found th inmates in unblissful ignor respect to all that ST. NICK Christmas pertain said, feast the that learn now passed them off pristmas came only been postponed The New Year's Day incited by the noble example them by our thoughtful City Registrar our remarks THE DAILY NEWS, or prompted by own generous impulses the inmates Alms House fine dinner Tuesday, the 1st of January Several of the Comm went to great trouble about it, determined the DOOR creatures should have good dinner for The Mater and lives. their in the Matron deserve groat deal of credit the satisfactory manner in which was prepared, and the very pleasant style in which it was served Tax STREET RAILWAY CARS. As our people have had an opportunity of observing for some time past the conveni of this imp oved style of city travelling, and in all the we which to had of changes well all are 80 arently endure as and please ap with the introduction of the railway among us. throw that should our little seems mite we of praise the President and Direct for the very able manner in which thing has been carrie out with the whole and that should. the same time say, that in their selection of conductors for both lines. they have employed gentlemen whose attention and politeness all passeng is worthy of high commendation and whose efforts to please must still more the popularity of this accommodating line MAYOR'S COURT. January 3 -The docket this morning was very light. although wet night like the last is usually selocted by bummers and others for soaking eve" (on the counter irritation principle). to keep off the outside damp. and as the bar keepers, when closing up. generally put customers these the sleeping part of where they will receive attention from the police and be carried to the Guard House to dry. still on the present there were none even of this class for us to note. Two men. white black, who were drunk $5 fined were and each. noisy, An individual who had gone into bar-room to take drink but made a mistake and took ten dollar bill from the counter was sent to magis trate discuss the matter and expla in how the error occurred UNITED STATES CIRCUIT COURT Hon. G. S BRYAN presiding Judge The case of HUGH Mc CREA Jos. BANKHEAD JNO C SEAGRIGHT and others, of Tennessce. The Bank of Charlest CHAS LOWNDES GEO. A TRENHOLM. HENRY GOURDIN and others. was taken up on a bill for inquisition, recovery and re lief. Mesars. BREWSTER & SPRATT appeared as complainant's olicitors. Hon. B. CAMPRE Hon. A. G. MOGRATE and contra CONNER Gen The Bill was read by Mr SPRATT. also the affidavit of JAS. BURKE and oth er notices making demand on the Corpora and Stockholders for pay ment of bank bills which will amount to about $7500. Upon this Mr. SPRATT read an order for an inquisition, and also one for the appointment of receiver which he craved the Court grant. read Gen CONNER on the part of the defence. the affidavits of Mr LOWNDES the other and defendants. asto the faithful management of the funds of the Corpors tion for the benefit of the billholders also going to show that the funds sacredly kept and admin towards the payment of the bank and also that the collections of debts due the bank and payments of the same would bill better to made and at infinitely less cost than could be done bv ceiver set forth by the affiday its presented on the opposite side. Mr. SPRATT ed time for the consideration and mination of affidavit and notices read, and the case was ccordingly postposed for further hearing until 11 o'clock this morning SCOTT'S MONTHLY M AGAZINE. for January, 1867, has made its appearance, very much improvedbetter paper and better typography, A splendid copper plate likeness of Gen. LEE graces the present number. The following well-furnished table of contents is rich and appetizing Field and Camp. By an Office Night Thoughs. Rosalio By Mrs. Adelia C. the Doom of Graves; By O. S. Dod. Jr My Baby in the Skies. By Ruth Tropes of the Bible. By Means D.D. LL Arcadie. Tale of the Eighteenth Centur of the Secret Marri or the Sin and Expiation Helen Grey A Story of Life. By Mrs. the By Warfield; On Living in Perspect Halifax 'John of (Fraser's zine. Ambition By J. R. Barricl What By Vienna. of Mystery; By Archer Gurney (McMillan's Magazine The Mission of the Waters. Charles M. Pinckney N A Poem Misso of ;Cenotaph Fame sthumous John Living and I son and his Cotemporaries B Sibyl Grey; Which Treats of Old Bachelors. By Maria Lou Auld Clay Biggin By A. it Watson: Our Tripod Robert E Lee- Revolution The Old and the New Year: Salmagundi; Monthly Gleanings; Reviews, Notices, etc. THE WEATHER Cold. damp, wet. dismal raw. disagreeable and decidedly muddy SQ fair charac. teristic of the present weather That the fountains of the great deep are broken up and the windows of heaven opened few can doubt, for the results are painfully evident in the inky flood that fill the streets and appears the timid like the blackness and darknes despair. The rush of many waters has been heard for days. and though we not addicted to freshets in this vicinity yet the flood of mud that has be enddenly turned loose upon us bids fairto submerge the community unless the clerk of the weather would take compassion on our woes hold his hand. We are no longer surprised when we of the result of NOAR'S ship carpentering for if the present deluge continues there be many who will regret not having learned that trade Blinded by the rain and floundering through the mnd. the business comm unity dolefully took their morning tramp, ho ping and trusting that better days were in store for them: but as day after day brought nothing but confir the same down-pouring their patience was hausted and they prayed for reprieve. Our sister cities have been afflicted with the same watery visitation. which led Memphia muse. whose harr was hung on the willows of the Mississippi, to vent his misty feelings in the following lugubrious

6. January 6, 1867 The New York Herald New York, NY
Article from The New York Herald, January 6, 1867

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INTERESTING LAW CASE IN CHARLESTON. CHARLESTON. S. C., Jan. 4, 1867. The enit against the Bank of Charleston is now before the United States Circuit Court, Judge Bryan presiding, and has been in progress for over a week. At the opening yesterday a motion was made to fix a day for the appointment of a receiver; but the indications are that the Bank will not be interfered with and that the present officers connected with the Institution will be allowed to retain the manageing ent of its affairs. To-day a further argument will be heard, and it will then probably be deUnitely developed whether the Bank is to go iaw the

7. January 7, 1867 New-York Tribune New York, NY
Article from New-York Tribune, January 7, 1867

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SUIT AGAINST THE BANK OF CHARLESTON. CHARLESTON, Jan. 4.-The suit against the Bank of Charleston is now before the United States Circuit Court, Judge Bryan presiding, and has been in progress for over a week. At the opening yesterday a motion was made to fix a day for the appointment of a receiver, but the indications are that the bank will not be interfered with, and that the present officers connected with the institution will be allowed to retain the management of its affairs. To-day a further argument will be heard, and it will'then probably be definitely developed whether the bank is to go into the hands of a receiver, or not. The bank and its corporators have the best available tralent as counsel in their behalf, including Mr. Campbell, United States Senator-elect; Lieut.-Gov. Porter, Mr. Connor, and Edward McCrosdy. The counsel for the bill-holders are Measrs. Browster, Spratt, and others. The case excites great interest,

8. August 9, 1867 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, August 9, 1867

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DECREE OF THE COURT OF EQUITY DISTRICT, ANNULLED HEADQ'IS. SECOND MILITARY CHARLESTON S. C., August 7, 1867. [SPECIAL ORDERS, NO. 119.] (EXTRACT.) Whereas, upon a bill of complaint filed Caro- in 1. in the Court of Chancery of South Equity by the Bank of Charleston US. James Bank Tupper of lina, the President and Directors of the and State of South Carolina, to which bill the Mor- and the Bank of South Carolina at Cheraw their chants' T. Sloand were afterwards, upon John respective petitions, admitted to made answer and defendants; a decreo was Chancollor of March, entered ns by 11. D. Loseano, a A. D. 1867 said State, and on directing the 5th James day of W. Gray, Master the in thousand Chancery, ordering to pay to the two Bank hundred of Charleston and twontvsum of dollars five ($5223) in specio, and to the Bank the of three and the Bank of Choraw, jointly, Charloston of five hundred and eeventy-four dollars sum in specio, and to Hayno & Son, solicitors, representing ($574) John T. Sloan, and certain of claimants the Conon account of horses the sum sold of for three the thousand use dollars federate thirty army, cents ($3,000 30), after deducting costs and and giving certain directions in respect of suit, and it appearing by the statements above thereof; answers of the parties and Hworn that the monies HO ordered to be distribu- by a named, constituted the balance of a fund created theState ted made by certain banks of of loan South or ndvauco Carolina, in the early part of the year aid the no-called Confederato government forco 1865, to a certain portion of the cavalry milito remount which it was endenvoring to resist the with forces of the United States, which balance, soven tary to the sum of eight thousand ninoty-sevon dollars and in gold at the time of the hundred amounting ($8,797.30) and military thirty time of conts occu- the of the State nforcenid, and at the the Confodorato armics, unthe hands of the Bank of expended pation surrender in of remained the State James of deposited to the credit of of the said State south Tupper, Carolina, Auditor procured to and be it made appear- by ing that and said comminance decree was of James Tupper. of Auditor South consent State and the Bank of the State State Carolina, of the the general fiscal agent of said United further appearing that neither the Carolina and it government nor the State of South submitState in said proceedings in Equity, or of the appeare. their respective right to the determination not ted court-that the United States authorities had aforesaid-that irregular means were employed of the said suit, and of knowledge and notice unusual of the proceedings the existence to States prevent au- of said fund from coming to the United said Chancollor thoritics, of which before it is the alleged court the and their counsel and it further appearing were seven hundred and said the cognizant; sum parties of eight thousand ($8797 30), that and the dollars and thirty cents time ninety-seven of the United States at the was the the proceedings property aforesaid, and that the Chanof jurisdiction or authority to warrant of or interfering in any way his a part of the cellor disposing lind no same being funds with of said the the monies, the Therefore it is ordered, that United deeree States: in Equity be reversed and annulled as a said juriediction, erroneous, irregular, and without fraud the rights of the United States upon further ordered, that the Bank of 1. It is and James Tupper, Porter & Conner. L. Charleston of Choraw, Simonton & Barker, J. the Clautt, Bank Register, Hayno & Son, and other James W, and John T. Sloanc, and such person porGray, or claimants as have received any hunor persons, of the said sum of eight thousand seven tion and ninety-seven dollars and thirty cents the dred ($8,797.30), do respectively, forthwith pay as over received and refund in specio, sums by hands them of A.J. Willard, at the office of the Civil Affairs for the the Charleston; and into District, Bureau the of at Citadel, Second appointed the Military said J. Willard is hereby designated and A. receiver thereof for the United States. It is further ordered, that the said receiver 2. authority to take proofs, and ascertain said and determine have all persons to whom any portion of funds has been paid, whether claiming through that said John T. Stoane or otherwise; and for the to summon witnesses, administer oaths, purpose take depositions; and that he report without and delay any person or persons, or corunnecessary porate body in default for non-compliance with the terms of this order. 3. It is further ordered, that any deficioncy that shall remain of the said sum eight thousand seven hundred and ninetyof dollars and thirty cents ($8,797 30) seven in gold, in consequence of the respectivo distribthereof failing to pay over and refund, as utees shall be made gond and paid by the Bank ordered, State of South Carolina and Jamos Tupper, said receiver. upon the their being notified of said deficiency by And it is further ordered, that the said receiver 4. take proofs as to the means employed by person or persons to conceal from the proper any civil and military officers of the United States, knowledge of the existence of said fund, or of the said suit, or of the decree therein pronounced, of the proceedings under said decree, and or whether the United States have been prejudiced thereby, and what person or persons have render- by ed themselves amenable to the United States reason thereof, and the nature and extent of such responsibility and that said receiver report thereon with all convenient dispatch. By command of Injor-General D. E. SICKLES: J. W. CLOUS, Capt. 33th U. S. Infantry, A. D. C. and A. A. A.G. Official : J. W. CLOUS, Capt. 38th Infantry, A.D. C. and A.A. A. G. THE FAIRIES OUTDONE-The Princess, in the Fairy Tale, dropt poarls from her mouth when sho opened it, but whoever uses that taliaman of science, SOZODONT, will have a mouthful of pearls w12 that will never drop out, darken or decay.

9. August 9, 1867 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, August 9, 1867

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QUINN, copies of Orville Colege, by Mrs. HENRY WOOD, author of East Lyme, and The Rebel Chief, by GUSTAVE AIMARD, authorof thr Prairie Flower, and other works. The Rebel Chief is a tale of guerilla life, and will prove interesting to those who have some experience in this mode of warfare. Both of these Books are well gotten up, and from a cursory glance at thoir contents, will well repay the time spent in their perusal. Mr. QUINN has a large and full supply of modern literature at his King Street Stand, and can accommodate his customers with the latest novels and periodicals. DECREE OF THE COURT OF EQUITY ANNULLED. HEADQ'ES. SECOND MILITARY DISTRICT, CHARLESTON, S. C., August 7, 1867. [SPECIAL ORDERS, NO. 119.] (EXTRACT.) 1. Whereas, upon a bill of complaint filed in Equity in the Court of Chancery of South Carolina, by the Bank of Charleston 0S. James Tupper and the President and Directors of the Bank of the State of South Carolina, to which bill the Merchants' Bank of South Carolina at Cheraw and John T. Sloane were afterwards, upon their respective petitions, admitted to answer as defendants; a decree was made and entered by H. D. Lesesne, a Chancellor or said State, on the 5th day of March, A. D. 1867 ordering and directing James W. Gray, Master in Chancery, to pay to the Bank of Charleston the sum of five thousand two hundred and twentythree dollars ($5223) in specie, and to the Bank of Charleston and the Bank of Cheraw, jointly, the sum of five hundred and seventy-four dollars ($574) in specie, and to Hayne & Son, solicitors, representing John T. Sloan, and certain claimants on account of horses sold for the use of the Confederate army, the sum of three thousand dollars and thirty cents ($3,000 after deducting costs of suit, and giving certain directions in respect thereof; and it appearing by the statements and sworn answers of the parties above named, that the monies so ordered to be distributed constituted the balance of a fund created by a loan or advance made by certain banks of the State of South Carolina, in the early part of the year 1865, to aid the so-called Confederate government to remount a certain portion of the cavalry force with which it was endeavoring to resist the military forces of the United States, which balance, amounting to the sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8,797 30) in gold at the time of the military occupation of the State aforesaid, and at the time of the surrender of the Confederate armies, remained unexpended in the hands of the Bank of the State of South Carolina, deposited to the credit of James Tupper, Auditor of the said State and it appearing that said decree was procured to be made by consent and connivance of James Tupper, Auditor of the State and the Bank of the State of South Carolina, the general fiscal agent of said State and it further appearing that neither the United State government nor the State of South Carolina appeared in said proceedings in Equity, or submittedtheirrespectiveright to the determination of the court-that the United States authorities had not notice of the proceedings aforesaid- that irregular and unusual means were employed to prevent knowledge of the said suit, and of the existence of said fund from coming to the United States authorities, of which it is alleged the said Chancellor and the parties before the court and their counsel were cognizant; and it further appearing that the said sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8797 30), was the property of the United States at the time of the proceedings aforesaid, and that the Chancellor had no jurisdiction or authority to warrant his disposing of or interfering in any way with said monies, the same being a part of the funds of the United States: Therefore it is ordered, that the said decree in Equity be reversed and annulled as without jurisdiction, erroneous, irregular, and a fraud upon the rights of the United States. 1. It is further ordered, that the Bank of Charleston and James Tupper, Porter & Conner. the Bank of Cheraw, Simonton & Barker, J. L. Gantt, Register, Hayne & Son, and James W, Gray, and John T. Sloane, and such other person or persons, or claimants as have received any portion of the said sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8,797.30), do forthwith pay over and refund the sums by them respectively, as received in specie, into the hands of A. J. Willard, at the office of the Bureau of Civil Affairs for the Second Military District, at the Citadel, Charleston; and the said A. J. Willard is hereby designated and appointed receiver thereof for the United States. 2. It is further ordered, that the said receiver have authority to take proofs, and ascertain and determine all persons to whom any portion of said funds has been paid, whether claiming through the said John T. Sloane or otherwise; and for that purpose to summon witnesses, administer oaths, and take. depositions; and that he report without unnecessary delay any person or persons, or corporate body in default for non-compliance with the terms of this order. 3. It is further ordered, that any deficiency that shall remain of the said sum of eight thousand seven hundred and ninetyseven dollars and thirty cents ($8,797 30) in gold, in consequence of the respective distributees thereof failing to pay over and refund, as ordered, shall be made good and paid by the Bank of the State of South Carolina and James Tupper, upon their being notified of said deficiency by said receiver. 4. And it is further ordered, that the said receiver take proofs as to the means employed by any person or persons to conceal from the proper civil and military officers of the United States, knowledge of the existence of said fund, or of the said suit, or of the decree therein pronounced, or of the proceedings under said decree, and whether the United States have been prejudiced thereby, and what person or persons have rendered themselves amenable to the United States by reason thereof, and the nature and extent of such responsibility and that said receiver report thereon with all convenient dispatch. By command of Major-General D. E. SICKLES J. W. CLOUS, Capt. 38th U. S. Infantry, A. D. C. and A. A. A. G. Official J. W. CLOUS, Capt. 38th Infantry, A. D. C. and A.A. A. G. THE FAIRIES OUTDONE.-The Princess, in the Fairy Tale, dropt pearls from her mouth when she opened it, but whoever uses that tajisman of science, SOZODONT, will have a mouthful of pearls wf2 that will never drop out, darken or decay.

10. November 30, 1869 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, November 30, 1869

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condition of the bank on the day of January, 1866 INDEBTEDNESS $582,230 GO Circulation 29,169 70 Other indebtedness $611,399 70 ASSETS Valued by Mr. 11.11. DeLeop Bonds $106,125.00 7,221 (ID) Coupons Stocks 64,060 00 $177,106.00 $433,933 Excess of liabilities over assets or these assets no part was paying any Dividend. its discount notes could not be coitected because of the absolute dearth of mouey. The bill+ in circuiation, which had been reduced during the Hrst few months of the war to the small sun comparatively of $100,000, had been increased by the call of the Confederate Government to the large sum of $600,000. These bitte were scattered over every part of the country, and soon became the objec. of large and eager speculation. They rose rapidly in value, were brought forward constantly, and daily presented for redemption, and as this, in the depressed condition of the bank, was impossible, suits were threatened. and every means used to force a settlement. In the meautime the board. exercising rigid economy, had reduced the expenses U! the bank to the lowest possible limit. Only three officers-the president, cashier and solicitor--were kept on duty, and the salaries diminished. opportunity for of nursed, were largely every The the assets purchase embraced, were the bills at the lowest rates WRS and soon a marked diminution in the outstanding circulation was effected. They comrates in the in was much advance manded high price greatertha market, and shown their in the bonds and stocks which formed NO large a part of our assets. Sensible of this, and satisfied that although our stocks would ultimately bring very high prices, yet a sale of their at that time would involve a ruinous sacrifice, and possibly bring on the insolvency of the bank, the board coaceived the project of selling the real estate owned by the bank. This. after great deliberation and full discussion. and after many and free conferences with the solicitor of the bank. was effected for $15,000 cash, and the proceeds at once invested in our bills, at it large dis count. The bill-holders being still pressing 111 their and suits to the commenced, demands, looking the having payment been actually of funds of the bank into court, the appointment of a receiver and the forced sale of the assets, with distribution among creditors, the board make Instructed the solicitor of the bank to application to the Court of Equity for instruct tions upon the many embarrassing questions presented for their decision, and for an injunction against all creditors suchn their claims at law. This measure was completely successful, and a marked advantage was obtained as well in the settlement of claimer against the bank. and the more slow and profitable disposition of its assets. It would prove tedious to No into minute tails of every operation. The death of our president, D. 1. McKay deprived us of his valuable aid and financial abilities. Immediately upon Mis death, and the election of the present president, the efforts to reduce the outstanding circulation were renewed, and a policy of more rapid liquidation of the circulation was imagerated Any bill which could be bought was purchased, and the circulation, which in 1865 wax $582,735 was soon reduced to $66,995. The condition of the bank to-day is showning the following statement. The securities have i been valued by Messrs. 11. i!. DeLeon and 1102 shares South Carolina Railroad $44,080 00 Company, at $40 1002 half shares South Carolina Rail13,287 00 road Company, at $18 25 2500 shares People's Bank stock at $5 14,000 00 $10,050 State of South Carolina bonds, at percent 6,633 00 $16,010 bonds of Greenville and Columbla Railroad, State guaran9,60G 00 tec, at GO percent $2,000 Spartanburg and Union Railroad bonds, State guarantee, at 960 00 48 per cent $16,000 Charleston and Savannah Railroad per cent. bonds, State 9,280 00 guarantee, at 58 per cent. $23,800 Savannah and Charleston Railroad 7 per cent. bonds, State 14,756 00 guarantee, at 62 per cent $33,000 Mississippi and Tennessee Railroad bonds, first mortgage, at 80 per cent 400 00 $15,500 Mississippi and Temporary consolidated bonds, 8 per cent., at 70 per cent 10,850 00 $31,200 Pensacola and Georgin Railroad bonds and coupons, at -per cent 20,100 00 Total $174,952 00 The Legislature, at its Inst session, passed an act to enable the banks of this State to re-

11. January 13, 1871 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, January 13, 1871

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Company, amounting to $2,098,312.40, and those of the North-eastern Railroad Company, amounting to $92,000, are past due, the former having matured in 1868, the latter in 1869. None of them have as yet been paid, but no demand has been yet made on the State for payment, and the Comptroller presumes "that the companies by whom they were issued have made, or are about to make, satisfactory arrangements relative thereto." DEBIT AND CREDIT. -Statement No. 12 credits an additional indebtedness of the State of $2,642,103.48, which, when added to the railroad debt of $8,787,608.20, makes the total debt of the State $11,429,711.68. So it will be perceived that from Mr. Neagle's own report the debt of the State is over $11,000,000. The advocates of reform were, therefore, not far from wrong in their estimates of the State debt during the late canvass. BANKS AND CAPITAL. - Statement No. 14 comprises abstracts of the returns of Banks of the State, filed in this office, under the provisions of the enabling Acts of March, 1869. In accordance therewith, the following named Banks have, during the last fiscal year, resumed business, with the amount of capital placed opposite their names, respectively, viz: Bank of Charleston, $850,000; People's Bank of South Carolina, $250,080; Planters' and Mechanics' Bank, $100,000. The Bank of Newberry and the South-western Railroad Bank are redeeming their bills, but have not resumed business. The following named are in the hands of receivers, &c., appointed under the provisions of the above named Act, or orders of the Courts prior to the passage thereof: Bank of Camden; Bank of Chester; Commercial Bank of Columbia; Exchange Bank of Columbia; Bank of Hamburg; Bank of Georgetown; Merchants' Bank of South Carolina, Cheraw; Planters' Bank of Fairfield; State Bank of Charleston, and Bank of South Carolina. RAILROADS. -The abstracts of the various railroad reports contain some very valuable statistical information, from which we make a few brief extracts. The net earnings of the various roads are set down as follows: Spartanburg and Union Railroad, $14,502.03; Greenville and Columbia, none; North-eastern, $96,207.94; South Carolina, $258,728.55. Out of this $58,194 have been paid in dividends, leaving a surplus of $200,534.55. The total number of persons killed on all the roads are reported as nine; injured, nine. THE PENITENTIARY. -The report of the Superintendent and Directors of the Penitentiary ask for an appropriation of $30,000 for the erection of a permanent brick building for work shops. There are now in confinement 317 persons, of whom 310 are males, and 7 females. It would seem that the inmates are kept well employed, as appears from the following exhibit of the work done by them during the past year: In carpenter shop has been manufactured 85 wheel-barrows, 160-cell benches, 180 spittoons, 3 derrick frames, 1,272 hammer handles, 430 axe and pick helves, 13 mess tables, 36 quarry buckets, performed work in erecting machine shop extension, erecting the new sheds for the protection of stone-workers, built aqueduct wood work in mill-race, fitted up store-room and hospital, repaired boats, wagons, fences and buildings, to an aggregate amount of at least $3,000. In blacksmith shop has been made 878 balcony bearers, a vast number of stone-cutters, and other tools used in the various departments, to an aggregate amount of not less than $5,000. The weaving shop has produced 8,208 yards of cloth of various kinds and qualities, to a value of $3,616.60, which has been made up into garments in the tailor shop. During the year 281 persons have been received; of whom 205 have been pardoned, 23 discharged, 24 died, and 6 escaped. LUNATIC ASYLUM. - The expenses of this institution, as appears by the report of the Treasurer, amount to $58,507. Its assets are $43,471, and liabilities $14,978. The South having exhibited of late signs of revival, and a somewhat independent expression and exercise of opinion consequent thereupon, the Radicals deem it necessary to again put on the legislative screws. With this view a special message is being prepared for Gen. Grant by some legal romancer, exhibiting the usual desperate state of affairs, so constantly encountered in the columns of the Washington Chronicle and New York Tribune. This is to be followed by the appointment of a com-

12. December 11, 1871 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, December 11, 1871

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THE STATE SUPREME COURT. FRIDAY, DECEMBER 6.-The court met at ten A. M. Present-Chief Justice Moses and Associate Justices Willard and Wright. Mr. Wylle resumed and concluded his argument for respondent, in the case of Alexander Carter, appellant, VS. D. WJ Brown, respondent. Mr. Allison was heard for respondent. Mr. Kershaw for appellant, in reply. R. A. Pringle al, vs. Belasizer et al. Motion to set aside order of circuit judge and for reargument. Mr. Moore for motion. Mr. ADF son contra. H. Massot vs. 0. A. Moses et al. Opinion filed. Bill dismissed. Opinion by Willard, A. J. Moses, C. J., and Wright, A. J., concurred. At half-past 12 P. M., the court adjourned until Monday the 11th, when the first circuit will be called. The following is the order of this calendar : 1. Neuffer vs. Campsen & Co.; 2. Bulow VS. Witte; 3. Alston vs. Alston; 4. Ahrens VS. president, &c., of State Bank; 5. Furman vs. Greenville aud Columbia Railroad Company: 6. State ex rel. Arthur G. Rose VS. City Council of Charleston: 8. State' ex rel. Arthur B. Rose vs. City Council of Charleston; 8. George A. Trenholm VS. City Council of Charleston; 9. The State ex rel. David Gelger vs. City Council of Charleston; 10. 1 awrence F. Campbell, receiver, VS. Bank of Charleeton; 11. State ex rel. John C. Cochran, executor, vs. City Council of Charleston; 12. State ex rel. South Carolina Jocky Club VS. City Council of Charleston; 13. Thomas S. Dupont et al vs. M. H. Collins: 11. Mrs. E. S. Smith VS. Mrs. M. M. Gatewood; 15. Arthur Emory vs. John Davis.

13. December 16, 1871 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, December 16, 1871

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THE STATE SUPREME COURT. Thursday, December 14. Present-Chief -- Justice Moses and Associate Justices Willard and Wright. Charles M. Furman. trustee, V8. the Greenville and Columbia Railroad Company. To be submitted on printed argument. Lawrence F. Campbell, receiver. vs. the Bank of Charleston. Mr. Wnaley for appellant; Mr. Seabrook for respondent; Mr. Conner in reply. Thomas S. Dupont et al vs. M. H. Collins. Mr. Phillips was heard for appellant; Mr. Young for respondent. Mrs. E. L. Smith et al VE. Mrs. M. M. Gatewood et al. Mr. Memminger was heard for appellants; Mr. Stone for respondents. At three P. M. the court adjourned until Thursday, December 21st, when the Third Circuit will be called.