18630. Alexandria Savings Bank (Alexandria, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 29, 1879
Location
Alexandria, Virginia (38.818, -77.082)

Metadata

Model
gpt-5-mini
Short Digest
a020d5d12f36529a

Response Measures

None

Description

The articles describe the Alexandria Savings Bank as having closed (during the Civil War / failed years earlier) with a receiver handling affairs and paying dividends to depositors. No contemporaneous run is described. Multiple notices across 1879–1890 show receivers/distribution of assets and winding up of the bank, so this is a suspension that led to permanent closure/receivership.

Events (3)

1. September 29, 1879 Suspension
Cause Details
Bank previously closed/failed (reference to earlier failure and receiver J. H. Reid distributing dividends)
Newspaper Excerpt
the commissioner in the case of Marshall vs. the Alexandria Savings Bank to make a deed to the purchaser... The money having been paid to the receiver of the bank, Mr. J. H. Reid, it is probable that in a short time another dividend will be declared to the depositors of that bank.
Source
newspapers
2. July 27, 1889 Receivership
Newspaper Excerpt
The agent of the directors has paid many depositors and taken in their books, and Mr. Leonard Marbury, the receiver, is paying all the others, over $20,000 having been paid out in this way. The Alexandria savings bank, which was closed by the war, also paid, through the efforts of the late Benj. Barton, all of its depositors in full, ... none of the money deposited in savings banks here has ever been lost.
Source
newspapers
3. August 20, 1890 Receivership
Newspaper Excerpt
Mr. John Morgan Johnson, in whose hands the affairs of the old Alexandria Savings Institution were put, gives notice that those, or the heirs of those having balances due them, will receive the same by sending him their old pass-books. This bank failed many years ago, but through the good management of the late Benjamin Barton it cancelled all its obligations-dollar for dollar.
Source
newspapers

Newspaper Articles (3)

Article from Alexandria Gazette, September 29, 1879

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Article Text

THE FARMERS' AND MECHANICS' SAVINGS BANK - Oa Thursday last Judge Terber en tered 8 decree, in the Circuit Court, confirming the sale of "Warwick," the farm of T. L. Sanborn, and directing the commissioner in the case of Marshall VF. the Alexandria Savings Bank to make a deed to the purchaser, Mr. Frank Home. of Washington, who give for the property $6,930. The money having been naid to the receiver of the bank, Mr. J. H. R-id, it is probable that in a short time another dividend will be declared to the depositors of that back.


Article from Evening Star, July 27, 1889

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Article Text

ALEXANDRIA. Reported for THE EVENING STAR. THE SAVINGS BANKS.-The affairs of the Farmers' and Mechanics' savings bank are now being settled up. The agent of the directors has paid many depositors and taken in their books, and Mr. Leonard Marbury, the receiver, is paying all the others, over $20,000 having been paid out in this way. The Alexandria savings bank. which was closed by the war, also paid, through the efforts of the late Benj. Barton, all of its depositors in full, 80 that none of the money deposited in savings banks here has ever been lost. AN ASSAULT.-A difficulty occurred at the Braddock house yesterday afternoon between two strangers, Mr. W. S. Brown of Front Royal and Q. B. Hautman of Clarksburg. W. Va. Brown, with pistol and cowhide, entered a room in which Hautman and others were seated at a table, demanded money which he said was due him, and on Hautman's refusal struck him several times before the other persons in the room separated the parties. NOTES.-The Virginia state bar association at White Sulphur Springs has elected Mr. S. Ferguson Beach of this city one of its vicepresidents.- Atthe Gentlemen's driving park Tuesday, Mr. Dan Henry's gray gelding J. L., won the first race in three straight heats, time 2%.--Mr. W. H. Travers of this city, formerly an engineer of the Midland road, had his furniture, which he was removing from Charlottesville, smashed up by a railroad accident last week.-The bids for removing night soil here will be opened by the mayor next Wednesday. Several Washingtonians are interested in the proposals.- The mayor is forcing the collection of dog licenses and a number of persons have, on warning of fine, paid the license tax. -Nannie N. Boyle has sold her interest in the Jackson City tract to Geo. M. Jones at $2,000.-The funeral of Mrs. G. W. Bull took place yesterday afternoon from her late residence on Prince street.-W. R. Green, Wm. Saunders, Emma P. Coleman and Nancy D. Bishop of Washington have bought lots at Carlins Springs.


Article from The Times, August 20, 1890

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Article Text

À Batch of Brief Items From the Ancient City. ALEXANDRIA, VA., Aug. 19.-[Special.]Mr. William Murtaugh died at his home on south Patrick street this morning, after a I long illness, aged thirty-five years. He was a genial young man, and much regret is expressed at his death. Softie of the délegates to the Leesburg convention are arriving here this evening. They will probably go up with the local delegation of seventeen by the early morning train. It is believed that the convention will assemble and get right to work nominating General Lee before sundown. Mr. John Morgan Johnson, in whose hands the affairs of the old Alexandria SavI ings Institution were put, gives notice that those. or the heirs of those having balances due them, will receive the same by sending ) him their old pass-books. This bank failed many years ago, but through the good management of the late Benjamin Barton it cancelled all its obligations-dollar for dollar. ) Mr. A. T. Barton. of Winchester, the W. and O. railroad commissioner, gives out a like notice to those creditors who have not received their allowances from the fifth or last dividend. Both gentlemen are desirous of winding up the affairs of these concerns, and as speedily as possible. The "cannon-ball" train of the Richmond and Danville road between Washington and Atlanta will be put on about October will run on a fast-express It will at but three after this 1st, and leaving stop city-Charlotteeville, points in schedule. Virginia Lynchburg, and Danville-and will be a solid train, fitted up with every modern convenience and appurtenance. William Kpeas died in Fauquier county Saturday, aged ninety-three years. He was the father of twenty-seven children, one of his sons being nearly seventy-tive years old. L. W. L. Hough, for many years one of the most active and successful merchants of Leesburg, died Saturday night, in the seventy-first year of his age. Mrs. Mildred, widow of the late Captain Edward Denty, died in West Washington on Sunday. The remains were brought here this afternoon and buried in the family plot, a number of Alexandrians meeting the boat and escorting the remains thither. One of the marble firms here has just closed a contract for a m onument over the graves of the late David Storm and wife at Glasgow. It will be one of the largest pieces of work done here in many years. The contract calls for a shaft of pure white Georgia marble, twelve feet high, and of neat and tastv design: drapery and wreath near the apex, and a shield centre-piece. Mrs. Storm died a short time ago, and this is erected in compliance with the wishes and designs of the deceased. City Auditor Price is back from his trip in the Northern States. Mr. W. J. Hall has returned. Major Samuel Beach. of Richmond. is visiting his brother, Captain John S. Beach, of the Corporation Court. Dr. Wm. G. Ashby has gone to Berkeley Springs for a short vacation. Dr. Bedford Brown, who recently purchased the fine residence of the late Judge Charles E. Stuart, on north Washington street, is moving thither. Mr. Alfred G. Uhter has purchased Dr. Bedford's late home on south Fairfax street. Mr. Robert L. Marye, of Ashland, is visiting friends here. Mr. Harry Fisher is back at his old key in the W. U. Telegraph office here. Harry savs there's no place like home. Mr. Percy Wimsatt has been transferred to Washington. Miss Mamie Judkins, of Richmond, was in the city yesterday on a visit to her uncle, Mr. Lewis McKenzie. Mr. John W. Boutz, of the Portner Company, located at the Norfolk depot, is on a visit to his old home.