Merchants Bank - Alexandria, DC

Episode Information

Episode UID: 5134083490233
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 513408349 hash
Start Date: May 13, 1819
Location: Alexandria, District of Columbia (38.811, -77.047)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 90e37426b48c5913

Response Measures

None

Description

Article describes trustees selling assets of the 'late Merchants' Bank of Alexandria' under a prior order (1819), indicating permanent closure.

Events (1)

1. May 13, 1819 Receivership

Newspaper Excerpt: pursuance of the foregoing order ... in the order of 13th May, 1819 ... we shall sell, by public auction, all the property, debts and effects ... of the late Merchants' Bank of Alexandria
Source: newspapers

Newspaper Articles (1)

1. May 23, 1822 The Alexandria Gazette Alexandria, VA

Article from The Alexandria Gazette, May 23, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others -Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mecbanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Wasbington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the .several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the of 1819; and that thev the thereof bring 13th day proceeds May, final order into and court, decree, to be subject to their as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nelt amount funds remaining in 'their to the trusts hands of disposable subject also declared the amount by said deed, and shewing of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. I. LEE, C.C pursuance of the foregoing order, and IN of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee town of on the day ten turday House, in the first of Alexandria, June next, at Soio'clock, A. M. we shall sell, by public auction, all the property, debts and effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved hen upon the premises, as we shall deem safe. THOS, SWANN, Trustees. EDM I. LEE, COLIN AULD, 8w april 4