17324. Bank of Chester (Chester(ville), SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1865*
Location
Chester(ville), South Carolina (34.705, -81.214)

Metadata

Model
gpt-5-mini
Short Digest
8adfe44591359bb5

Response Measures

None

Description

Articles state the Bank of Chester suspended operations in 1865 and by the time of returns under the 1869 act the Bank of Chester was 'in the hands of receivers.' No article describes a depositor run. Cause of suspension is not given in the texts, so classified as unknown/other. I corrected no major OCR errors; Chester(ville) interpreted as Chesterville/Chester, SC as provided.

Events (2)

1. January 1, 1865* Suspension
Cause Details
Article notes suspension in 1865 but gives no reason or triggering cause.
Newspaper Excerpt
This position he held until 1865, when the Bank suspended operations.
Source
newspapers
2. March 1, 1869* Receivership
Newspaper Excerpt
The following named are in the hands of receivers...: Bank of Chester; ... appointed under the provisions of the above named Act, or orders of the Courts prior to the passage thereof.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Phoenix, January 13, 1871

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Article Text

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-


Article from Yorkville Enquirer, November 1, 1877

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Article Text

the case, to obtain a reëlection by the State Legislature. Gen. Butler would again be returned to the Senate, and his admission could not be refused. John A. Bradley, Sr., Esq., of our town, has recently published, in pamphlet form, a brief sketch of his own life. It is due to the prominence he once occupied in this county, and his host of friends, to state the prominent events narrated in this autobiographical sketch. At the age of nineteen he entered the Sheriff's office of Chester as Deputy of Colonel Daniel G. Cabeen, "at a salary of $250 per annum, furnishing my (his) own horse a great part of the time, and my (his) own board and lodging." In 1833 he was elected to the Sheriffalty, "more than doubling two opponents." In 1836 he was a member of the South Carolina delegation that attended the Louisville, Cincinnati and Charleston Railroad Convention, which assembled in Knoxville on the 4th of July of that year. In 1838, he was chosen one of the Representatives from Chester county in the State Legislature. In 1841 he was defeated for the Sheriffalty by Mr. W. A. Rosborough, deceased, by a majority of three. votes. This defeat he attributed to "the defection of a portion of the nullification party." In 1846 he was elected Secretary and Treasurer of the Charlotte and South Carolina Railroad Company, which position he held until 1854, when he resigned. In 1850 he was a delegate from South Carolina in the Nashville Convention. In 1853 he was elected Cashier of the Bank of Chester. This position he held until 1865, when the Bank suspended operations. In 1863 he was chosen LieutenantColonel of the Fifth Regiment, State troops, commanded by Col. J. H. Williams, of Newberry, and remained with this regiment for six months, which was the time of their enlistment. He has been engaged for the greater portion of the time since the war in the