Bank of Phillippi (Philippi, VA)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
July 28, 1869
Location
Philippi, Virginia (39.152, -80.040)
Registered Place
Phillipi
Bank Type
state

Metadata

Notes

Court-appointed receiver named after creditor's suits; no runs reported in these articles.

Events (3)

1. July 28, 1869 Other
Newspaper Excerpt
motions against the banks of Howardsville, Scotts ville, Monticello, Phillippi, Pittaylvania, and the Central of Virginia, for injunction and the appointment of receivers, have been set for argument ... on the 30th and 31st of this month.
Source
newspapers
2. August 2, 1869 Other
Newspaper Excerpt
The motions against the banks of Howardsville, Scotsville, Monticello, Phillippi, Pittsvivania, and the Central Bank of Virginia, for injunction and the appointment of receivers... were again postponed until the 12th of August.
Source
newspapers
3. August 17, 1869 Receivership
Newspaper Excerpt
Mr. Thomas U. Dudley, who was appointed receiver of the banks of Phillippi and Monticello, gave bond in the clerk's office of the circuit court in the sum of $45,000 for the faithful discharge of his duties as such.
Source
newspapers

Newspaper Articles (4)

Article from The Evening Argus, July 28, 1869

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Grain Enterprise d CANADIAN AFFAIRS

D Iowa Land Swindles. CIGAR DEALERS IN TROUBLE. STABBING AFFRAY. ST. LOUIS, July 28 - The reported burning of the steamer Peter Balen on the up per Mississippi is not credited by steamboat men. Chas. A. Merry, the gentleman who built the on and of first who bulk inaugurated grain boat through the shipments Mississippi, via. to a to in St. with grain propeller Louis to New New convey York, Orleans, grain combining proposes bulk river from build through sea-going qualities, if St. Louis will donate $25,000 in case the vessel proves success, if not he will not ask yes NEW YORK, honor July of the 28.-In laying his of anything. speech the terday, in French cable, Sir James Anderson said he had been told that certain opposition had been made to the landing of the cable. It might be due to the same kind of enterprise, perhaps, to Mr. Field and his colleagues; but he did not was sure American that not to care they for would people that: would he allow not any quite be company unjust, and the spend millions of money to unite two great CO ntinents together without giving them fair show atleast. He believed that it would be weak and foolish on the part of the com pany to ask for undue sympathy or partiality if they could not work as well with val companies, they had no right to the publie support, and they could not get Whatever the public sympathy might be, the cable was therefore laid as a purely commercial enterprise. Every right thinking person trusted that it would promote peace God forbid that it wight be used as a weap on of war. PHILADELPHIA, PA., July 28.-Yesterday the grand lodge of the Knights of Pythias, of Pennsylvania, commenced a semi-annual session. The proceedings are secret. The order numbers 32,000 in Pennsylvania. I NEW YORK, July 28.-A Richmond dispatch to the Herald states that the motions against the banks of Howardsville, Scotts ville, Monticello, Phillippi, Pittaylvania, and the of for an and the a set for Central, argument appointment Virginia, in chambers of receiver,hav before injunction Judge been Underwood, in Alexandria, on next Friday and Saturday, the 30th and 31st of the month. The suits are brought by Harvey Terry against these banks, and there 18 over $90,000 involved It 18 rumored in Washington that Gen. Canby is to be sent to Mississippi to superintend the election, and that Gen. McDowell is to succeed him in Virginia. CHICAGO, July 28 -Nine retail tobacco dealers were before Commissioner Hope, yesterday, for selling cigars from unstamped boxes, and held to bail for further examination. Deaths in Chicago last week 218, of which 64 were from cholera infantum Edward Hays, a carpenter, strolled into an auction establishment on South Clark street, yesterday afternoon and after awhile began denouncing in 88 a Peter Funk es. tablishment, a swindle, &c. For this the auctioneer and an into who drew a stabbed Hays, large employee The knife wounds and pitched both in several places. are se. vere but not serious. Hays was arrested. Several additional instances of swindles in Iowa lands have lately come to light, and there is considerable excitement about the matter. Thousands of acres of these lands have been sold within a few months past, and it is not known how many of the sales are bogus. The Rockford Forest City base ball club yesterday plaved the Mansfield. Ohio, base ball club, beating them 83 to 14. A New York special says Commodore Vanderbilt was yesterday reported seriously ill, causing considerable excitement on Wall street. 8 Several rich specimens of silver ore from White Pine were brought to this city yes. terday. MONTREAL July 27 -Yesterday and to day a conference has been in progress here to settle the basis of arbitration between the Dominion government and the Prov. inces of Ontario and Quebec. Sir John A. other members are McDonald, of the Sir Cabiset said Geo. Cartier present. and The proceedings are to have been satisfac tory and some minor points remain to be adjusted. A large number of emigrants arrived here the steamer government by emigration Capere, from Sandon, on tieketa passed through here to-day. A grand LaCrosse Tournament is to be held here in September, in honor of the visit of Prince Arthur; all Canada invited to compete.


Article from Public Ledger, July 28, 1869

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NEW YORK

NEW YORK, July 28.-It is rumored in Washington that Gen. Canby is to be sent to Mississippi to superintend the election, and that Gen. McDowell is to succeed him in Virginia. A Richmond dispatch to the Herald states that the motions against the banks of Howardsville, Scottville, Monticello, Phillippi and Pottsylvania, and the Central of Virginia, for injunction and the appointment of receivers, have been set for argument in the Chamber, before Judge Underwood, in Alexandria, on the 30th and 31st of this month. The suits are brought by Hevey and Terry against these banks, and it is said that over seventy thousand dollars is involved. In his speech yesterday, at the banque in honor of the laying of the French cable, Sir James Anderson said he had been told that certain opposition had been made to the landing of the cable. It might be due to the same kind of enterprises, perhaps to Mr. Field and his colleagues, but he did not care for that. He was quite sure that the American people would not be unjust; that they would not allow any company to spend a million of money to unite two great continents together without giving them a fair show. At least he believed it would be weak and feolish on the part of the company to work for undue sympathy or partiality. If they could not work as well with a rival company or faster, they had no right to the public support, and would not get it whatever the public sympathy might be. The cable was therefore laid as a purely commercial enterprise, and every right-thinking person trusted that it would promote peace. God forbid that it might ever be used as a weapon of war,


Article from Evening Star, August 2, 1869

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Alexandria Items

The following are from the Gazette of last evening: AGAIN POSTPONED - The motions against the banks of Ho wardeville. Scotsville, Monticello, Phillippi, Pittsvivania, and the Central Bank of Virginia, for injunction and the appoint. ment of receivers, set for argument in cham. bers before Judge Underwood, in this city, today, were again postponed until the 12th of August. in consequence of the absence of some of the counsel. John H. Gilmer, Esq., of Richmond, and District Attorney S. F. Beach, of those employed. being the only onea present. CATTLE DISBASE-Many cows have died in this neighborhood within the past week; but from what cause his not yet been determined. But, whatever may be the character of the disease, its termination is sudden, and its result in variably fatal. STAY LAW.-The stay of executions against personal property expired, by order of General Canby, to-day, unless those against whom they were issued have paid one year's interest on the amount of the original debt since the 1st of January, 1869.


Article from The Daily Dispatch, August 18, 1869

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SUITS AGAINST BANKS

-Several months since suit was brought in the United States Circuit Court before Judge Chase by Harvey Terry against the banks of Phillippi, Monticello, Howardsville, and Pittsylvania, for the recovery of debts alleged to be due plaintiff by each of the banks in question. In his declaration or petition he asked the appointment of a receiver to each, in order that such assets as might exist could be held in readiness to abide by the result of the litigation commenced by him. In the absence of Chief Justice Chase, of the circuit court, an order was made by Judge Underwood, of the District Court, directing the appointment of receivers. On yesterday Mr. Thomas U. Dudley, who was appointed receiver of the banks of Phillippi and Monticello, gave bond in the clerk's office of the circuit court in the sum of $45,000 for the faithful discharge of his duties as such. At the same time Mr. William Ira Smith gave bond in $25,000 as receiver of the banks of Howardsville and Pittsylvania.