17525. Planters Bank of Fairfield (Winnsboro, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 31, 1869
Location
Winnsboro, South Carolina (34.381, -81.086)

Metadata

Model
gpt-5-mini
Short Digest
2d9d2a339d68af3b

Response Measures

None

Description

Articles (Dec 31, 1869 order published Jan 1870) show the judge appointed a receiver for the Planters Bank of Fairfield for failure to report under a South Carolina act; receiver published notices and court order in Apr 1870 directing liquidation steps and claims process. No run is mentioned. The bank was placed in receivership and appears to be in liquidation (permanent closure).

Events (3)
1. December 31, 1869 Receivership
Newspaper Excerpt
It is therefore ordered that Saml. B. Clowney, Esq., of the State and County aforesaid, be appointed Receiver of the Planters Bank of Fairfield, and that he do take charge of the property and assets of said Bank
Source
newspapers
2. January 10, 1870 Other
Newspaper Excerpt
Pursuant to the above order ... notice is hereby given to all persons having claims against the said Bank, that they must be presented and proven within Forty days ... SAML. B CLOWNEY, Winnsboro. S. C., 10th January, 1870. Receiver.
Source
newspapers
3. April 12, 1870 Other
Newspaper Excerpt
Ordered ... That all creditors of the said Bank be enjoined from bringing or further prosecuting actions against the said Bank or its Receiver ... That the Receiver proceed forthwith to collect the assets of the Bank ... authorized to sell at public auction for cash, all the personal property ... and to sell ... choses in action ... may declare and pay out dividends
Source
newspapers

Newspaper Articles (5)
1. January 12, 1870 The Fairfield Herald Winnsboro, SC
Article from The Fairfield Herald, January 12, 1870

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Article Text

# New Advertisements. To Rent-Wm. A. Milling and Thos. H. Milling. Executor's Sale-Wm. A. Milling and Thos. H. Milling. Selling out at Cost-J. P. Matthews, jr. Mules - J. M. Talbott. Attention!-J. C. Deal, Appointment of Receiver of the Planters Bank of Fairfield-S. B. Clowney. To Rent-P. Hasting, Jackson's Creek. Oranges-Bacot & Co. The Bakery of Messrs. Gooding, Stuart & Co., is in full blast, and all those desirous of obtaining nice, warm, fresh bakers bread can leave their orders at their store, next door to the Postoffice. Mr. Struck is a first-class baker, and knows how to make good bread. Another barrel of fine old Apple Jack, at Gooding, Stuart & Co. Dissolution-Withers & Law. More Groceries at Bacot & Co. Dissolution-McElroy & Propst. Livery and Sale Stable-A. F. Gooding. Notice-W. A. Milling. Removal-G. H. Parker.

2. January 12, 1870 The Fairfield Herald Winnsboro, SC
Article from The Fairfield Herald, January 12, 1870

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Article Text

State of South Carolina--Fairfield County. WHEREAS I have been notified by Hon. J. L Neagle, Comptroller General of said State, that the Planters Bank of Fairfield has foiled to make any report to his office in accordance with the requirements of the Act of the General Assembly of the said State, approved March 18th, 1869, entitled "An Act to enable the Banks of the State to renew business or to place them in liquidation." And whereas it devolves upon me as a duty under the provisions of said Act to appoint a suitable person as receiver" of said Bauk. It is therefore ordered that Saml. B. Clowney, Esq., of the State and County aforesaid, be appointed Receiver of the "Planters Bank of Fairfield," and that he do take charge of the property and assets of said Bank and forthwin proceed to comply with all the provisions of said Act, in relation to the duties of receiver. Signed, J. M. RUTLAND, Judge 4th Circuit, S. C. December 31st, 1869.

3. January 19, 1870 The Fairfield Herald Winnsboro, SC
Article from The Fairfield Herald, January 19, 1870

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Article Text

Receiver of the "Planters Bank of Fairfield." The attention of our citizens is called to the fact that Captain S. B. Clowney has been appointed receiver for the "Planters Bank of Fairfield."

4. January 19, 1870 The Fairfield Herald Winnsboro, SC
Article from The Fairfield Herald, January 19, 1870

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Article Text

State of South Carolina---Fairfield County. HEREAS I have been notified by Hon. W J. L Neagle. Comptroller-General of said State, that the Planters Bank of Fairfield has failed to make any report to his office in accordance with the requirements of the Act of the General Assembly of the said State, approved March 13th, 1869, entitled "An Act to enable the Banks of the State to renew business or to place them in liquidation." And whereas it devolves upon me as a duty under the provisions of said Act "to appoint a suitable person as receiver" of said Bank. It is therefore ordered that Sami. B. Clowney, Esq., of the State and County aforesaid, be appointed Receiver of the "Planters Bank of Fairfield," and that he do take charge of the property and assets of said Bank and forthwith proceed to comply with all the provisions of said Act, in relation to the duties of receiver. Signed, J. M. RUTLAND, Judge 4th Circuit, 3.C. December 31st, 1869. Pursuant to the above order of the Hon. J. M. Rutland, Judge of the 4th Circuit of South Carolina, appointing the undersigned "Receiver of the Planters Bank of Fairfield," notice is hereby given to all persons having claims against the said Bank, that they must be presented and proven within Forty days from the date of this notice, at his office in Winnsboro, S. C. SAML. B CLOWNEY, Winnsboro. S. C., 10th January, 1870. Receiver. jan 11-t3x2

5. April 13, 1870 The Fairfield Herald Winnsboro, SC
Article from The Fairfield Herald, April 13, 1870

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Article Text

# IN EQUITY, FAIRFIELD 1870. S. B. Clowney, Receiver, vs. Thos. J. Robertson, et. als., Creditors of the Planter's Bank of Fairfield-Bill for Injunction and Instruction ON hearing the pleadings in the above stated cause, it is ordered: 1st. That all creditors of the said Bank be enjoined from bringing or further prose-cuting actions against the said Bank or its Receiver. 2d. That all persons having claims against the said Bank, including Bank note holders, be required to present and prove their claims on or before the 22d day of December, A. D., 1870. 8d. That the Receiver, by counting and sealing in packages, or by registering amounts, letters and numbers, cause the Bnk notes that may be presented to be identified. 4th. That the Receiver proceed forthwith to colect the assets of the Bank, by suit where advisable: and that for that purpose he is authorized to employ proper attorneys. 5th. That the Receiver be authorized to sell at public auction for cash, all the per-sonal property (other than those in action) belonging to said Bank at such time and place as he may deem advantageous, giving such public notice by public advertisement as rs required by law for administrator's sales, Gib. That the Receiver be authorized to sell at such place and such time after the 1st of January, A. D. 1871, as he may deem expedient all the choses in action that he may by that time have ascertained to be doubtful or worthless, said sale to be in pursuance of the Act of the General Assembly approved 14th of January, A. D. 1870, entitled "An Act to authorize admin-istrator's executor's and other fiduciares to sell evidences of indebtedness. 7th. That at such time as the Receiver may designate, after the 1st of January, A. D 1871, he may declare and pay out dividends upon such claims as may have been duly established from the net proceeds of of sales and collections it his hands after payment of expenses and retaining to him-self five per centum on all money's receiv-ed and two and one half per centum on all money's disbursed by him. 8th. That this order be published once a month in the Fairfeld Herald during the present year, and one time in the Colutabia Guardian and one time in the Charleston Republican, J. M. RUTLAND. apl 12-xlamly