Commercial Bank (Columbia, SC)

Episode Information

Episode UID
8679357090697
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
867935709 hash
Start Date
January 12, 1858
Location
Columbia, South Carolina (34.001, -81.035)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
13c29b31aa83a3ac

Response Measures

None

Description

Sources consistently list the bank as suspended (Comptroller circular) but give no information on reopening or receivership.

Events (1)
1. January 12, 1858 Suspension
Cause Details
Listed as a suspended bank by the South Carolina Comptroller; no explicit cause given in the articles.
Newspaper Excerpt
the bills of the following Banks will only be received in payment for Taxes due the State, viz: The Commercial Bank of Columbia.
Source
newspapers

Newspaper Articles (10)
1. October 9, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 9, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

2. October 14, 1857 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, October 14, 1857

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Manufactures, caused by Western speculations. And heard the Commercial Bank of Colu had suspended. 4 was perfectly thu struck at the idea, RS 4 knew it to i of the strongest and most solvent I had. I rose and said, that I would in behalf of the Bank, that it was n that I was acquainted with the ban knew it to be in a state of solvener. to back my statement. I wound give funds for bills or drafts on that Ban take them at par. 80 I heard no more ( matter. I also heard that the South term Rail Road Bank had suspended her TeNer. W. H. Bartless, had deen with $60,000, and had since been and in Wilmiaston, N. C. In New York exists the great Peter meek auctions, which is SO libable to the surplus change of strangers, an this is not the only species of swit practiced there. They have other which prove as successful. In close imity to the real ticket office, they others established and the modus ope by which they work is this: They passing with baggage, hail hit ask him if he wants a ticket : he si course he does they point him to the and tell him he had better be in a hurr his ticket. as the boat is about les and he will miss the through train he does not know where the genuine is, he goes and purchases his ticket charge him $1 50 or $2 extra for each hundred miles, and if he is not familiar the fares, he is swindled to that exter told that hundreds of dollars is each day, in that way. Some of my t ling companions diseovered one of offices and asked the genuine ticket why they were suffered to sell ticket swindle strangers out of their money remarked they were good, they purel them of him and they were making 11 by advancing the fares that the office owned by a prominent Alderman of City : that it could not possibly be pre So much for the morals and swin propensities of Gotham. However, I help thinking that some measures st taken to prevent this mode of sv Nothing of importance occurred reached Philadelphia, there we I the wildest excitement and confusion in consequence of the State Bar Pennsylvania having suspended,and all Banks of importance which has caused hear a total suspension of business. ong such a state of things will exis incertain things look to be in a dep condition at this time. Left Phil hia and passed through Baltimore, w found things in not quite 80 lamen condition, but bad enough, I assure vo of the Banks have suspended thers likely to go the same why. impossible to tell where it will end, no Panie is already heralded throughout Union. it must effect the whole. I am for exceeds the Panic and pressur 837. I got in company with some heavy neco manufacturers, and they say that rop will this year be the largest know ears past, thus confirming my notion hat crop in a form er letter: also the rop in the U. S. will be over an aver he eotten erop will, I think, reach 3 ions, South Carolina being the only ed growing State in the Union, that will nake n full crop, and from my persona ervation, she will more than exceed alf a crop, SO you will perceive tha South is safe as cotton is equal to but mean it will command specie and prod banking facilities. Passed through Washington, Richr Petersburg to Wilmington. N. C. the W. & M. Rail Road for Kings rrived at Kingsville by 5 o'elock P. elegraphed to Camden to hold the exp our transit to our destination, as no on the South Carolina Roads on We put "p as Kingsville for the : where we were hospitably treated by Mr. Whelam, who has always 8 good to eat for weary and hu ravellers in fact we had lived in anti

3. January 14, 1858 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, January 14, 1858

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Circular. OFFICE COMPTROLLER GENERAL, Columbia, January 12, 1858. To the several Tax Collectors of the several Districts and Parishes of the State of South Carolina: According to the provisions of the laws of this State, in such case made and provided, the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officors in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General.

4. January 21, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, January 21, 1858

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Circular. OFFICE COMPTROLLER GENERAL, ? COLUMBIA, January 12, 1858. 1 the several Tax Collectors of the several I'⁰ Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bitls, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officen in payment for taxes and other moneys due to the State." You will therefore give at least thiny days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the fullowng Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. Tie Bank of Georgetown. "Tle Merchants' Bank of Cheraw. "Tle Bank of Camden. The Bank of Chester. You will also receive the Taxes. or any other ues to the State, in the Bills of the Bank of the tate of South Carolina. Should any Tax Collecr in the State refuse to obev the foregoing inructions, or present at the Treasury any Bills other Banks than those above named, he will dealt with according to law. J.D. ASHMORE, Comptroller General 38 4t 2, 1858.

5. January 27, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, January 27, 1858

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Circular. OFFICE COMPTROLLER GENERAL COLUMBIA, January 12, 1858. T the several Tax Collectors of the sev. Dictricts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in payment for Taxes due the State, viz : The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dyes to the State, in the Bills of the Bank of the State of South Carolina Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptroller General. January 12, 1858. 50-4t.

6. January 28, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, January 28, 1858

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Circular. OFFICE COMPTROLLER GENERAL, 1 COLUMBIA, January 12, 1858. $ the several Tax Collectors of the several T° Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public offieers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes. or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General. Jap. 12, 1858. 38 4t,

7. February 3, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, February 3, 1858

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Circular. OFFICE COMPTROLLER GENERAL, COLUMBIA, January 12, 1858. T eral several Tax Collectors of the seve Dictricts and Parishes of the State of South Caroli a. According to the provisions of the laws of this State, in such case made and provided. the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collec. tors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in payment for Taxes due the State, viz : The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Back of Georgetown. The Merchants' Bank of Cheraw. The Bar k of Camden. The Bank of Chester. You will 51so receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South CarolinaShould any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptroller General. 50-4t. January 12, 1858.

8. February 4, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, February 4, 1858

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Circular. OFFICE COMPTROLLER GENERAL, , COLUMBIA, January 12, 1858. i T the several Tax Collectors of the several Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided. the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The Staffe Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions. OF present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General. 38 Jan. 12, 1858. 4t

9. February 10, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, February 10, 1858

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Circular. OFFICE COMPTROLLER GENERAL COLUMBIA, January 12, 1858. T the several Tax Collectors of the seve Dictricts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided. the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collec tors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty davs notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in pay. ment for Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Ba: k of Camden. The Bank of Chestsr. You will also receive the Taxes, or anv other dues to the State, in the Bills of the Bank of the State of South CarolinaShould any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptraller General. January 12. 1858. 50-4t.

10. February 11, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, February 11, 1858

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Circular. OFFICE COMPTROLLER GENERAL, 1 COLUMBIA, January 12, 1858. the several Tax Collectors of the several T° Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Purish, that the bills of the fullowing Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden, The Bank of Chester. You will also receive the Taxes. or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law, J. D. ASHMORE, Comptroller General. Jan. 12, 1858. 38 4t