17526. Planters Bank of Fairfield (Winnsboro, SC)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
March 22, 1870
Location
Winnsboro, South Carolina (34.381, -81.086)

Metadata

Model
gpt-5-mini
Short Digest
be9fb183eecf5875

Response Measures

None

Description

Articles indicate the Planters Bank of Fairfield was placed in receivership (court order dated 1870-03-22) and its assets were being sold by the receiver in 1871; by 1880 the bank is described as dead and its assets handled by the receiver with Winnsboro National Bank as successor. No run is reported. I infer the bank suspended and did not reopen (permanent closure).

Events (4)

1. March 22, 1870 Receivership
Newspaper Excerpt
SALE OF BANK PROPERTY, S. B Clowney, Receiver. ... By authority granted me by an order of the Court made 22d March, 1870 ... S. B. CLOWNEY, Receiver.
Source
newspapers
2. March 22, 1870 Suspension
Cause
Government Action
Cause Details
Court order (22 March 1870) led to appointment of S. B. Clowney as receiver and suspension of normal bank operations.
Newspaper Excerpt
BY authority granted me by an order of the Court made 22d March, 1870, I will sell ... property of the Planter's Bank of Fairfield ... S. B. CLOWNEY, Receiver.
Source
newspapers
3. April 3, 1871 Other
Newspaper Excerpt
I will sell to the highest bidder at public outcry ... on the first Monday in April next, the following property of the Planter's Bank of Fairfield ... One large Iron Safe, and other furniture ... S. B. CLOWNEY, Receiver. (sale notice published March 22, 1871).
Source
newspapers
4. August 5, 1880 Other
Newspaper Excerpt
The death of the Planter's Bank is a serious obstacle; but the Receiver got its assets and he should satisfy all claims ... Otherwise, the Winnsboro National Bank, as successor, comes in.
Source
newspapers

Newspaper Articles (2)

Article from The Fairfield Herald, March 22, 1871

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Article Text

Terms of Sale. One third cash, for the balance. & credit of one year. with interest thereon from the day of sale payable annually until the whole of the debt and interest bepaid Purchasers to give bond and a of the premises, and pay for all necessury papers and revenue Hamps. L. W. DUVALL, 8. F.C. Sheriff's Office, Winneboro, March 10, 1871 mar 11-|1x2 SALE OF BANK PROPERTY, S. B Clowney, Receiver. vs. Thos. J. Robertson, et. ais, , Creditors of the Plan. ters Bank of Fairfield-Bill for Injunetion and Instruction, BY authority granted mo by an order of the Court made 22d March, 1870, 1 will sell to the highest bidder nt public outcry during the legal hours of sale, before the Court House door in Winnsboro, on the first Monday in April next, the fol lowing property of the Planter's Bank of Fairfield to. wit: One large Iron Safe, and other furniture belonging to the said Bank, also, certain choses in action. Term , of sale Cash. S. B. CLOWNEY, Receiver. mar 18-j1x2


Article from The News and Herald, August 5, 1880

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Article Text

# A QUERY ON THE CODE, Messrs. Editors:-I am a strong advocate of the code of honor, and think it the proper rule and guide of conduct, for gentlemen. I regard myself as a gentleman of the first water, and can not brook an insult. Now, I find on inspection of the records, (yes, it is recorded against me,) of a case by the Planters' Bank of Fairfield against me on a note for money loaned me, and which I never defended, in what is called the Declaration, the following words of me, the defendant: "Yet the said defendant. not regarding his said several promises and undertakings, made in form aforesaid but contriving and fraudulently intending craftily and subtilely to deceive and defraud the said plaintiff in this behalf, has not as yet paid the said several sums of money, or either of them or any part thereof to the said plaintiff, although often requested to do so." The question I wish to ask you (for of course you will agree that this was an insult of the most aggravated character,) is, whether twenty-one years having elapsed since this vile slander was perpetrated-I can now properly challenge the bank; and if so, what particular officer shall I challenge? Again, if the proper officer be dead, can I challedge his administrator? Yours truly, B.. FURIOSO. P. S. & N. B.--This is a private letter, and not for publication. [We can find no information on this point in our Cyclopedia. The statute of limitation might be pleaded, unless the maxim "nullum tempus occurrit regi," applies to the Code. As the form in question was printed, the printer might be held responsible. The death of the Planter's Bank is a serious obstacle; but the Receiver got its assets and he should satisfy all claims, certainly this one, if he makes himself privy by collecting the money. Otherwise, the Winnsboro National Bank, as successor, comes in. We would not go for an administrator. Administrators have a rough enough time any how. ED.]