18926. Richmond Banking & Insurance Company (Richmond, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 12, 1882
Location
Richmond, Virginia (37.554, -77.460)

Metadata

Model
gpt-5-mini
Short Digest
6d935e57ed0b41d0

Response Measures

None

Description

The Richmond Banking and Insurance Company suspended on Sept. 12, 1882 after heavy withdrawals and problems renewing the bond for the State deposit. Trustees were appointed and a deed of trust/assignment followed; the institution was liquidated under a trustee and depositors were ultimately paid dollar-for-dollar (final dividend completed Aug 1883). There is no evidence the bank resumed normal banking operations — it was wound up and creditors paid — so classify as suspension leading to permanent closure/liquidation.

Events (4)
1. September 12, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large depositors withdrew funds, and a hitch in renewing the bond for the State deposit triggered investigation and loss of confidence; inability to renew bond and heavy withdrawals forced suspension.
Newspaper Excerpt
The president and board of directors are compelled to suspend business for the present. ... The bank officers state that the cause of the suspension is due to large depositors recently withdrawing their funds.
Source
newspapers
2. September 13, 1882 Other
Newspaper Excerpt
A deed of trust was made yesterday afternoon conveying to C. E. Whitlock, trustee, the entire property of the Banking and Insurance company, to be used in liquidation of the company's liabilities. Charles E. Whitlock has been appointed trustee for the banking and insurance company.
Source
newspapers
3. September 14, 1882 Other
Newspaper Excerpt
John B. Davis ... made a deed of conveyance of his property ... for the benefit of the creditors of the bank.
Source
newspapers
4. August 15, 1883 Other
Newspaper Excerpt
To-day the Richmond Banking and Insurance Company commences the payment of its final dividend of 10 per cent., which completes the payment in full to all its depositors, together with interest to date.
Source
newspapers

Newspaper Articles (23)
1. September 12, 1882 Evening Star Washington, DC
Article from Evening Star, September 12, 1882

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Bank Suspension in Richmond. RICHMOND, VA., Sept. 12.-The Richmond Bank. ing and Insurance company have this morning posted at their counter the following notice: The president and board or directors are compelled to suspend business for the present. Trustees will be appointed and it is confidently believed that de. positors will receive dollar for dollar. (Signed,) JOHN B. Davis, President. The bank officers state that the cause of the sus. pension is due to large depositors recently with. drawing their funds. The intimate relations be. tween this bank and the Planters' National Bank (Mr. Davis being president of both) has created uneasy feeling among the depositors in the latter, causing small depositors to withdraw their funds. Business men having large deposits are rallying to its aid. -The directors of the Planters' National Bank were in session all last night examining its condition, and at five o'clock this morning Chas. E. Whitlock and James B. Pace, two of the wealthiest men in the city, were elected directors. John B. Davis then resigned the presidency and Chas. E. Whitlock was elected president.

2. September 13, 1882 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, September 13, 1882

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THIS MORNING'S NEWS, In New York Government bonds are quoted at 120g for 4s of 1907; 1132 for 448; 101 for 3)s sterling, $4 85@4 89; silver bars, 1133.1 Silver in London, 5131; consols, 99 9-16d; 5 per cent. United States bonds, extended, 102}; 4s, 122; 418, 1151 in San Francisco half dollars are quoted at & discount to par; Mexican dollars, 911@92 cents. The past week has been a sort of clearing-up time in the Stock Boards at San Francisco. The market yesterday was fairly active, but the prices were not very satisfactory to holders. There was, however, but little change from Monday. The Mint investigation at Carson, Nev., closed yesterday. None of the charges were sustained. C. Ruiz, in dismounting from a horse at Santa Barbara yesterday, was caught in a rope and dragged about a hundred yards, receiving injuries from which he died. A man named Summer was run over at Fresno by a lumber wagon and killed. The burnt portion of Fresno is rapidly build*ing up. A dispatch from Fayetteville, Ark., reports a terrible state of lawlessness in that portion of the Sate. Two brothers on Staten Island, N. Y., were yes1erday robbed of $14,000 in money and bonds by burglars. Jas. A. Arnett was fatally shot at Lewiston, III, yesterday, by his son. Louisville, Ky, yesterday celebrated the completion of several railroads. Bronco Sam, a colored rancher, shot his bride, a squaw, and then himself, at Laramie City. Cause, jealousy. An unsuccessful attempt was made to rob the Missouri-Pacific passenger train in_Indian Territory, and the conductor was shot. The city of Milwaukee, Wis, is short of funds, on account of the mismanagement of former officials. The Court-house at Carion, Pa., was destroyed by fire yesterday. The New Hampshire Republican State Convention met at Concord yesterday, and nominated S. W. Hale on the fourth ballot. Thurlow Weed, the veteran journalist, is very ill. A State Labor Convention assembled at Buffalo, N. Y., yesterday, to decide whether & labor ticket should be put in the field. At Edwardsville, III., Monday night, Fred. The 88, in protecting some ladies from drunken roughs, killed H. H. Daniels. Further reports of the great storm in the East and South are at band. A fire at Denver, Col., yesterday, caused a loss of $225,000. An aged man named Rich dson was run over by a train yesterday at Scott's Station, Yolo county. and killed. The Indian cavalry horses in Egypt are suffering from glandere. The Richmond (Va.) Banking and Insurance Company has suspended business. Judge Hoffman decided at San Francisco yesterday that Chinese sailors who shipped at that port before the restriction law went into effect, and returned there direct, should be allowed to land. David Van Sian, 6 years old, was run over by a team and killed at San Francisco yesterday. At Santa Barbara yesterday James Hill was sen tenced to ten years in the Folso: prison for shooting man. A fire in the mail-room of the steamship Alaska at New York yesterday destroyed several sacks of Australian mail matter, At Manila, Monday, 115 deaths occurred from cholera, and 125 in the provinces. Mrs. Garfield paid 850,000 in cash for a residence in Cleveland yesterday. M. W. Cuibertson has been nominated for Congress by the Republicans of the Ninth Kentucky District. A five-year-old boy W2S fatally scalded in a tub of hot water near Seattle, W. T., Sunday, dying yesterday. The South Carolina Republican State Convention met yesterday at Columbia. Brum has been renominated for Congress by the Republicans of the Thirteenth Pennsylvania District. The Democrats of the Third New Jersey Congres* sional District have renominated Ross. Finigan, member of Parliament for Ennis, Ireland is dead. A forward movement of the British army in Egypt took place this morning, and stirring news may be expected soon. interesting dispatches will be found this morning upon the fourth page.

3. September 13, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, September 13, 1882

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DOLLAR FOR DOLLAR. RICHMOND BANKING AND INSURANCE COMPANY SUSPENDS. The Causes of the Failure and How it Was Met-Deed - of Trust Made-No Preferred Claims-Planters National Bank Reorganized: C. E. Whitlock, President; J. B. Pace, Director.

4. September 13, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 13, 1882

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The Richmond Banking and Insurance Company. The collapse of the Richmond Banking and Insurance Company was brought about, it is understood. by some hitch in renewing the bond for the State deposit. Certain parties refused to go on the renewal bond. The old bond remains in effect. The sureties are good for the State's deposit, and there will be no trouble on this score. But the fact that the new bond was not given cansed a rigid investigation of the affairs of the institution, which resulted in the suspension. The amount of deposits was about $600, 000, including $300,000 belonging to the State of Virginia. The State depositories are the Richmond Banking and Insurance Company and the Planters National Bank. The capital itock of the suspended bank is $175,000 with a surplus of $60,000. The actual liabilities are put down at $607. 000. Charles E. Whitlock has been appointed trustee for the banking and insurance company. and it is probable that in a day or two a definite statement will be made. Mr. Whitlock believes that depositors will not lose anything, except from delay. Inquiry has elicited the fact that Mr. Davis, the late president of the suspended bank. was indebted to it over $375,000. A deed of trust was made yesterday afternoon conveying to C. E. Whitlock, trustee, the entire property of the Banking and Insurance company, to be used in liquidation of the company's liabilities. It is estimated that Mr. Davis holds property which will realize about $250,000. John B, Davis, the president of the suspended bank. is a brother of Senator Henry G. Davis, of West Virginia.

5. September 13, 1882 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, September 13, 1882

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Bank Suspension. RICHMOND, Vil., Signing 1:..-The Richmond Banking and Insurance Company this morning posted at its wall 111.. following file of directors are comp iled 100 $11.00.00 business fir the III. Trustees will : . m ii is lue!i vert will re "wire Hollar for dollar. Signed Jolix B. DAVIS President. The bank still the of i. du :10 large depositors withdrawing their funds. whil's illitions ⑉00 and emara bossiness they were to the step. taken. Intimaie relations this invi i Davis i, ing President " both his erent 8.11 un feeling it's differences 1. withdraw unit. Busi. 11fev 088t11. Daving larg.. ill' rollying 100 its aid. Directors of 11se Planter's National Bank were in -ion lille. last night examining its condition and :11 live the mernin. Chass. 1: Whitlock and Jas. B Pare. 1wo 101 the weather electioni directors. Join B. Date withing the President's : illis E Whitlook II elected Pre-icien:.

6. September 13, 1882 Daily Globe Saint Paul, MN
Article from Daily Globe, September 13, 1882

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ALL AROUND THE GLOBE. The Oregon legislature met and organized yesterday. The national convention of fire chiefs is in session at Cincinnati. The Clarion, Pa., court house burned yesterday morning. Loss $30,000. Records saved. At Denver the Crescent mills and elevators burned yesterday. Estimated loss $225,000; insured. Mrs. Lucretia Garfield yesterday bought for $50,000 cash the Ralph Worthington residence on Prospect street, Cleveland. The extention of the Chesapeake & Ohio railway from Newport to Fortress Monroe was completed yesterday. The Richmond Banking and Insurance company suspended yesterday owing to the recent withdrawal of heavy deposits. Geo. W. Holt. a young farmer, residing near Georgesville, O., suicided yesterday, shooting himself through the heart. Cause, financial troubles. The Montreal city corporation has declined to take charge of a bequest of $15,000 made hy Mayor Mills for distribution in bread to the poor. Final action was taken yesterday on the transfer of the Connecticut Valley railway to the New York, New Haven & Hartford railway. The old board of directors of the Valley road resigned and a new board elected. Yesterday afternoon Frank Tevakinger; Cooper die store works, Cleveland, was caught in the machinery while adjusting a belt and instantly killed. His neck was broken, both legs wrenched off at the knees, and both arms pulled off at the elbow. Deceased was 25 years of age and leaves a widow and one child.

7. September 14, 1882 The Valley Virginian Clifton Forge, Staunton, VA
Article from The Valley Virginian, September 14, 1882

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THE Richmond Banking and Insurance Co., of Richmond, Va., of which Mr. Jno. B. Davis is president, suspended payments on Tuesday morning. It IS claimed that the concern will pay the depositors dollar for dollar, but no statement of its affairs has yet been made public. The amount of deposits was about $600,000, including $300,000 belonging to the State of Virginia. The State depositories are the Richmond Banking and Insurance Company and the Planters National Bank. The capital stock of the suspended bank is $175,000, with a surplus of $60,000. The collapse of the Richmond Banking and Insurance Company was brought about directly. it is understood, by some hitch in renewing the bond for the State deposit. Certain parties refused to go on the renewal bond. The old bond remains in effect. The sureties are good for the State's deposit, and there will be no trouble on this score. But the fact that the new bond was not given caused a rigid investigation of the affairs of the institution, which resulted in the suspension. Mr. Charles E. Whitlock has been appointed trustee for the Banking and Insurance Company, and the necessary papers have been re= corded in court. 15 The Planters National Bank, of which Mr. Davis was also president, was subjected to a slight run on Tuesday. Many depositors rushed frantically to draw out their small savings; but the excitement was soon allayed upon the assurance of the directors, all men of great wealth, that there was no need of the least apprehension. Mr. Davis resigned the presidency of the Planters Bank, and Mr. Whitlock and Mr. J. B. Pace, the latter a millonaire, were elected Directors of the Planters. Hon. Jos. Jorgenson. The following letter from Hon. Jos. Jorgenson, for three terms past the representative in Congress for the 4th District of Virginia, will explain itself. It breathes a true spirit and does credit to the good sense and patriotism of the writer. We lay it before our readers, with pleasure : WASHINGTON, Sept. 6. 1882. Dr. Thomas Hening, Thomas Green, Esq., Stephen Mosely, Esq., Albert Walker, Esq., and others Dear Sirs,-Since the adjournment of the Burkeville Convention there has been uncertainty among my friends throughout the 4th Congressional district as to what would be the course I would pursue and whether I would submit to its action. This was caused by the letter I sent to the convention declining to permit my name to be presented for nomination. and stating that at some future time would give my reasons in detail. After mature and careful reflection, I have come to the conclusion that, however I may have deemed myself personally aggrieved, I would not be justified in being an obstacle to the success of a great political reformation, having for its object the attainment of incalculable benefits to the people of Virginia, more especially to the Republicans. On different occasions-nt public meetings and through published letters have given expression of my views and sentiments-and it is, therefore, unnecessary for me to recapitulate them here. Suffice to say, I still entertain these opinions, and have no doubt that the result of the election in No. vember will confirm all that has already been accomplished. Entertaining such convictions, I have determined under no circumstances to be a candidate for Congress at the ensuing election but to support the nominee of the convention held at Burkeville, Va., August 16th, 1882. fully appreciate the friendship of the thousands of Republicans in my district who have shown 80 warm and loyal a personal regard by repeatedly sending me as their Representative to Congress, and sincerely thank them-much more than mere words can express. Ican'only say that I haveen deavored faithfully to fulfill my obligations and to do my duty by them; their appreciation and confidence have been shown by electing me by increasing majorities to serve them in three Congresses-in 1876, by 1,400 majority in 1878, by 4,200 majority. and in 1880, by 8,200 majority, to which I shall point with pride and satisfaction hereafter. During the ensuing canvass I hope to see you personally and thereafter to frequently meet the people of the district when important public matters come before them. Very sincerely yours, JOBEPH JORGENSON.

8. September 14, 1882 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, September 14, 1882

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GENERAL INTELLIGENCE, A Bank Suspension RICHMOND, VA., September 12.- The Richmond Banking and Insurance company have this morning posted at their counter, the following notice: The president and board of directors are compelled to suspend business for the present. Trustees will be appointed and it is confidently believed that depositors will receive dollar for dollar. JNO. B. Davis, President. The bank officers state that the suspension is due to large depositors recently drawing their funds, which action so materially contracted and embarrassed their business. that they were forced to the step taken. The intimate relation between this bank and the Planters' National bank, Mr. Davis being president of both, has created an uneasy feeling among the depositors in the latter, causing smalldepositors to withdraw their funds. Business men having large deposits are rallying to its aid. The directors of the Planters' National bank were in session all last night examining its condition, and at 5 this morning Charles E. Whitlock and James B, Pace, two of the wealthiest men in the city, were elected directors. John B. Davis then resigned the presidency and Charles E. Whitlock was elected president. LATER.-No statement of the condition of the affairs of the Richmond Banking and Insurance company could be obtained to-day. The amount of deposits is stated at about $600,000, which includes $300,000 belonging to the state of Virginia, the bank being a state depositary. The latter amount is secured by bond with good securities. The actual liabilities are put down at $607,000. Charles E. Whitlock has been appointed trustee for the banking and insurance company, and it is probable that in a day or two a definite statement will be made. Whitlock believes that the depositors will not lose anything except from delay. John B. Davis, late president of the suspended bank and the Planters' National bank, is a brother of United States Senator Berry G. Davis, ot West Virginia. He has displayed a great deal of public spirit since the war, and much sympathy is expressed for him. A slight run on the Planter's National bank began immediately on the fact of the suspension being made public and continued until about 1 o'clock, when everything quieted down, under the assurance that there was plenty of money to pay all depositors and that there was not the slightest cause for alarm.

9. September 15, 1882 Savannah Morning News Savannah, GA
Article from Savannah Morning News, September 15, 1882

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The Richmond Bank Failure. RICHMOND, September 14.-John B. Davis, President of the recently suspended Richmond Banking and Insurance Company, today made a deed of conveyance of his property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond for the benefit of the creditors of the bank. The deed is signed jointly by Davis and wife, and the properly thus relinquished is valued at over $200,000.

10. September 15, 1882 New-York Tribune New York, NY
Article from New-York Tribune, September 15, 1882

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VALUABLE PROPERTY SURRENDERED. RICHMOND, Va., Sept. 14.-John B. Davis, president of the recently suspended Richmond Banking and Insurance Company, to-day made a deed of conveyance of his property in the counties of King William, New Kent, Hanover and Henrico, and the city of Richmond, for the benefit of the creditors of the bank. The property is valued at over $200,000.

11. September 15, 1882 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, September 15, 1882

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Bank Property Turned Over to the Creditors. RICHMOND, Va., Sept 14. John B. Davis, president of the recently suspended Richmond Banking and Insurance Co., today made a deed of conveyance of property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond for the benefit of the creditors of the bank. The property thus relinquished is valued at over $200,000.

12. September 15, 1882 Evening Star Washington, DC
Article from Evening Star, September 15, 1882

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# THE RICHMOND BANK SUSPENSION. Mr. John B. Davis, president of the recently suspended Richmond Banking and Insurance company, yesterday made a deed of conveyance of his property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond, for the benefit of the creditors of the bank. The deed was signed jointly by Mr. Davis and wife, and the property thus relinquished is valued at over $2,000,000. Attorney-General Blair, of Virginia, has given notice that he will bring suit on the bond of $500,000, executed for the security of the state deposits in the suspended bank, which amount to about $300,000.

13. September 16, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 16, 1882

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VIRGINIA NEWS. A white man named Reese has been ar rested and put in jail at Warrenton charged with stealing from Mrs. Mary A. Anderson $1,000 and attempting to fire her house. The Governor has designated the Merchants National Bank of Richmond as one of the State depositories in place of the Richmond Banking and Insurance Company, suspended. The bank has given security in the sum of $300,000 The report of the Commissioner of Agriculture of the State for September 1st shows the following condition of the crops: Corn, 100; wheat, 103; rye, 103; oats, 65; barley, 117; buckwheat, 99; Irish potatoes, 97;sweet potatoes, 98: tobacco 95; cotton, 90; sorghum 95; apples. 60; peaches, 42; grapes 95: stock hogs, 93 fattening hogs,89. The spring oat crop was a failure in most counties in the State. The winter oat crop was a first rate one, and hence the average 65, as both winter and spring are included.

14. September 18, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 18, 1882

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VIRGINIA NEWS. Virginia has 172 tobacco factories, which anconsume 48,000,000 pounds of the weed nually. C. L. Rider, a native of Luray, died an in Washington Mr. last Sunday night. He was employee of the State Department. The new steam-pump of Norfolk wastestSaturday and proved to work splendid- an ed ly. It throws 225,000 gallons of water hour. 22d Annual Fair and Cattle Show their for The will commence to-morrow at three days. Grounds, Loudoun, near Leesburg, and will continue The Finance Committee of Richmond of 206 000 has TEPAWSFRE The Norfolk papersannounce the marriage Miss Jennie Blow, the charming young of songstress, to Mr. E. Hoff; the well known tenor singer, of Richmond. One of Rappahannock's boys, Mr Willie Settle, son of Col. Thos. H. Settle. has been the nominated by the Democratic party for Legislature in Montana. The receipts of the Chesapeake and Ohio railway for the first week in September were $72,908 against $54,981 for the same period of last year-a gain of one-third. Lewis Mortimer, of Richmond, Saturday, brought suit against the Richmond, Fredericksburg and Potomac Railroad Company his for five hundred dollars for injury to person. The log-cabin which Washington made headquarters when a surveyor in the his valley of Virginia still stands intact over the spring at goldiers' Rest. Clarke county. Soldiers' Rest was built by General Morgan, of revolutionary fame. Diphtheria has broken out afresh in Lunenburg county, and fears are entertained that it will Severalcases en and many persons are the The people are as a John B. Davis, late phar Mr. disease. fatal disinfectant. spread. president burning have down of prov- with sul- the Richmond Bankingand Insurance Company, has put on record in the Chancery Court of a deed relinquishing his property and that of the his wife for the benefit of the creditors and Insurance Co. W. Doswell, of made an assignment for the benefit of his in the recent property Saturday was Richmond Mr. Thomas Banking bank creditors. of Richmond, suspension all of He his in deed mentions the here. involved The "Bullfield," property and the country known as his interests in the corner of Fourth and Broad of horses. streets. It no doubt embraces his fine stud The fall terms of the United States Cirand District Courts of the State will cuit commence at Lynchburg, 19th September at Richmond,2d October; at Alexandria, 4th October ; at Harrisonburg, 10th October: at 18th October: at Abingdon, 24th at Norfolk, 6th October: Norfolk, November Danville, 21st at Richmond, 14th November; at Hughes left for and will these terms of eourt at on day The Medical Society of November. Abingdon next, 19th Judge Friday, instant. Lynchburg Virginia, begin Richmond to which Tues- hold has been in session at Fauquier White Sulsince last Wednesday, adjourned to meet at the Springs next September. phur Friday Springs Rockbridge Many interesting Alum subjects were discussed. The prize for the best essay on "Alcohol, its Use and Effects as and Medicine," was awarded to M. D., of the for the best essay on D.C. a M. Beverage Graham prize Elzey, Washington, Rein Abdominal to cent Progress Richmond, Surgery." Va. Hugh M. Taylor, M. D., of Dr. Wm.D Cooper, of Fauquier county, was elected president. Ex-Marshal C. P. Ramsdeil died at his residence in Chesterfield county Saturday morning about 'clock. He had long been sufferer from Bright's disease, but his a was hastened by having been gored animal on his own Richmond Dispatch says: by death a vicious "Mr. farm. Ramsdell The in the State of New York, and came was born Virginia Federal to with the army of He was soon in the early of reconstruction but was occupation. prominent given whetherin politics office, of these and the or at a later days heated times, period, with deference Mr. Ramsbore himself to of justice and conthe dell' principles always when what the he to be right, and even fight years ago, and he invective was ceived was was rife, warmest, escaped and vituperation atall times pointed out as a conscientious man. He was a good citizens, and after building a pretty home in Chesterfield, did all in his

15. September 20, 1882 Vermont Watchman and State Journal Montpelier, VT
Article from Vermont Watchman and State Journal, September 20, 1882

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Summary of News. Secretary Folger of the treasury department and is confined to his bed Engineer Melville the other survivors of the Jeannette have arrived An epidemic of sore eyes preat vails New over York two-thirds of the south. It does not to be dangerous, but is of a very annoy- their appear ing character, confining those afflicted to homes and causing them considerable pain. Even the Indians are becoming prohibitionists DaSome of the men at the Pine Ridge Agency, offerkota, have asked the agent to post notices $50 reward for evidence by which any person and ing is convicted of furnishing liquor to Indians, savages themselves will pay the money. the less than 25,000 salmon, rendered unfit for No by the hot weather, were thrown into the The bay use San Francisco on the 4th and 5th instants. at result was a terrible stench along the water front. A $5,000 registered bond has been stolen To from the office of the register of the treasury. of the negotiate it the thief must forge the name An unin whose favor it was issued successful person attempt was made to rob a north bound Missouri Pacific passenger train about midnight the Indian Territory. In the encounter Conductor in Warner was shot and probably fatally wounded. Warner killed one of the robbers Denver, the Crescent mills and elevator were the burned At Tuesday, Loss $225,000. They were is in the state and full of grain. It thought largest the fire originated from a spark from the lime kiln across the street, which burned earlier in the evening. At East St. Louis there is great excitement over the question whether colored children shall be sent to a public school where has A new comet white children are taught Samuel J. Tilden has just been discovered by a disease from He may linger awhile, but death is a certainty recover. been attacked The Richmond, which he his Virginia, cannot early banking and insurance company has failed, with of liabilities of $607,000, which includes $300,000 trustee state funds which areamply secured. The believes the depositors will not lose anything. The mortality from cholera at Manilla con- has tinues to be very large. Mrs. Garfield therefor bought a residence in Cleveland, Ohio, paying $50,000 A stage coach was lately and stopped in Arkansas by two masked men the passengers robbed of $900 and their jewelry. The mail was also robbed of registered packages. A Norwegian bark laden with railway mawent ashore on the Texas coast and was made terial a total wreck. The captain and five men the were saved There is a deadlock between and council of Springfield, Illinois, regard- artimayor appointments in the fire department, and cles ing of impeachment have been preferred against the mayor Six hundred and fifty Mormons arrived from Europe one day last week A large amount of damage was done Louise in Florida last week by a cyclone. Princess somewhat injured in a railway collision has in L was recently The Pittsburg strike California, collapsed. The strikers withdraw from the amale gamated association and form a new society James Freeman Clarke of Boston has re- of e Rev. from Europe The surgeon-general 8 the turned marine hospital service says there is no danof yellow fever in the northern cities e ger The signal service successfully predicted West the 8 of the recent cyclone from the approach Indies two days in advance. A hurricane passed 9 Winsted, Connecticut, last week destroying I over ten houses and five barns. Twenty persons fever were yellow 1 hurt, most of them slightly The still rages at Pensacola, Florida, and destitution is reI and suffering send are aid increasing. Lamb presents The public a bill for ) quested for to holding the autopsy on the body a I $1,000 Garfield. Dr. Agnew having presented , of claim for $15,000, Hamilton is the only Paint- phy) who has not been heard from. sician blue veins on ladies' temples and wrists London. is ing of the latest freaks of fashion in A coni one particular kind of blue paste is used 5 A of liquor dealers was held in Detroit class last vention week. It resolved to prosecute the lowest the greenof saloons candidate in the for city governor McQuiddy, of California, has the back arrested for conspiracy to obstruct of his United been States marshal in the performance 1 duties two years ago. Two Arizona editors The greenbackers of , fought New Hampshire a duel last have week nominated John F. Wood- demoof Manchester for governor, and the Martin V. B. Edgerly crats bury of the same state have nominated Island The treasurer of Long Hon. has committed suicide by drowning : Samuel City W. Hale of Keene has been nominated by the republicans of New Hampshire for governor.

16. September 25, 1882 Savannah Morning News Savannah, GA
Article from Savannah Morning News, September 25, 1882

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The Richmond Bank Failure. RICHMOND, VA., September 23.-A deed was executed yesterday by the friends of John B. Davis, President of the recently suspended Richmond Banking and Insurance Company,covering all that gentleman's indebtedness to the bank, and securing to the depositors the full amount of their deposits. The deed is not yet recorded, but will be to-day or on Monday.

17. September 26, 1882 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, September 26, 1882

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-First ice of the season formed at Chicago Thursday night. -Six cowboys on one side and six cowboys on the other side fought a duel in Colorado Sunday. Four were instantly killed. -During an affray growing out of personal feud at Hot Springs, Ark., Charles Mathews, editor of a local newspaper was shot and killed. -J. D. Osborne, the surviving partner of Prentice, Henderson & Osborne, proprietors of the old Louisville Journal, died on Sunday at Louisville. -Col. E. Polk Johnson has accepted an invitation to make several speeches in behalf of the democratic nominee for Congress in the Third District. -The Court of Appeals has overruled the motion to dismiss the case against Henry White, of Lexington, charged with stealing bonds from a bank. -Mrs. Ellen V. Walton and the negro she hired to kill her husband have each been sentenced to imprisonment for life in the Indiana Penitentiary. -Nine men were publicly whipped at Newcastle, Delaware, Saturday morning. Two received forty lashes, six twenty and one ten. Three men stood in the pillory an hour. -A terrible accident occurred in the Fourth Avenue New York railroad tunnel on Friday. A "following" train collided with one preceding it, killing five people and injuring sixteen others. -Vice President Smith, of the Louisville & Nashville Railway System, makes the extraordinary statement that north-bound freight this year is in excess of south-bound - a desirable thing for the South. -A deed has been executed by the friends of John B. Davis, President of the suspended Richmond (Va) Banking and Insurance Co., covering all that gentleman's indebtedness to the bank and securing to depositors the full amount of their deposits. -Panama and Aspinwall have been attacked by what appears to be a chronic case of earthquakes. They have lasted since the 7th inst., and have caused a loss estimated at $250,000 in the first city and $100,000 in the latter. There have been four deaths. -A Washington rumor has it that the wedding of Mr. Chester A. Arthur, Jr., and Miss Crowley has been appointed for the early part of October. The bride and groom elect are extremely young, their combined ages not exceeding thirty-six years. -The Secretary of the Treasury has issued a call for the redemtion of bonds of the five-per-cent. funded loan of 1881, continued at three-and-a-half per cent. from August 12, 1881. The call is for $25,000,000 and principal and interest to be paid at the Treasury on the 23d of Dec. next and interest to cease that day.

18. October 11, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 11, 1882

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TOTICE TO THE CREDITORS OF THE RICHMOND BANKING AND INSUN RANCE COMPANY -Persons holding checks on RICHMOND BANKING AND INSURANCE the COMPANY. and those to whom certificates of deposit have been assigned. will please present without them the banking-house of said company at delay, in order that the necessary transfers may If made with the view to an early dividend. there be he any persons holding claims against the institution, not matters of record on the books, they will please present CHARLES them at E. once. WHITLOCK. Trustee.

19. October 15, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 15, 1882

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OTICE TO THE CREDITORS OF THE RICHMOND BANKING AND INSURANCE COMPANY-Persons holding checks on the RIO HMOND BANKING AND INSURANCE COMPANY. and those to whom certificates of deposit have been assigned, will please present them at the banking-bouse of said company without delay, in order that the accessary transfers may be made with the view to an early dividend. If there he any persons holding claims against the Institution. not matters of record on the books, they will please present them at once, CHARLES F. WHITLOCK Trance 11.2v

20. October 19, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 19, 1882

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THE CREDITORS OF THE BANKING AND INSUNOTICE TRUND RANCE COMPANY.-Persons holding checks on the RICHMOND BANKING AND INSURANCE COMPANY. and those to whom certificates of deposit have been assigned, will please present them at the banking-house of said company without delay, in order that the necessary transfers may be made with the view to an early dividend. If there he any persons horainz claims against the institution. not matters 01 100010 on the books, they will please present them a: onep. CHARLES E. WHITLOCK. Trest oe 11-2w

21. December 17, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, December 17, 1882

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Money Beyond Reach. Friday the safe lately belonging to the Richmond Banking and Insurance Company was taken out of the vault in the bank building and delivered to the purchaser. In taking it out some injury must have been done the massive door-frame of the vault, for when the door was once closed the next effort to open it was unsuccessful. In a vigorous effort to open it the lever was wrenched off. Then skilled workmen were called in, and were engaged until 104 o'clock Friday night trying to prize the door open, but wholly without success. All that could be done by the bank was to telegraph north to the manufacturer to send on a man to open it. In consequence of this accident the depositors who called yesterday to get the 75 per cent. now ready to be paid on their claims were disappointed. The money could not be gotten out of the vault. The delay, however, will be of brief duration. Depositors have not been in a hurry to call for their money anyway. Some who were clamorous for their own on September 12th (when the bank suspended) have not yet called to get their dividends. The trustee is prepared now to pay the two dividends of 50 and 25 per cent. The remaining 25 per cent. will be forthcoming before long, and the Richmond Banking and Insurance Company will have the proud record of being thesecond suspended bank in this country that paid out in full.

22. August 3, 1883 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 3, 1883

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Final Dividend to be Paid. About a year ago the Richmond Banking and Insurance Company. of which Mr. John B. Davis, of this city, was president, suspended payment. At first the failure of the bank caused a ripple of excitement in the city, but Mr. Davis stood at the counter and informed every one who came in that it was his intention to use bis utmost endeavor to have every dollar of the creditors and depositors paid. A statement to this effect was published at the time, and the sequel showsthat Mr. Davis has kept his word. On the 15th of this month the trustee announces that the final dividend of 10 per cent., and interest, will be paid to all the creditors of the Richmond Banking and Insurance Company. This will complete the payment in full of principal and interest to all depositors and creditors. This action on the part of Mr. Davis confirms the high opinion which the public has always accorded him, and presents him to the business community in a light that is enviable on account of its rarity.

23. August 15, 1883 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 15, 1883

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Dollar for Dollar. To-day the Richmond Banking and Insurance Company commences the payment of its final dividend of 10 per cent., which completes the payment in full to all its depositors, together with interest to date. Less than a year ago this institution was forced by a complication of circumstances to suspend payment, and on the day of its suspension the president and directors announced that every liability should be paid in full. The result shows that they were right, and can only increase the high opinion the community always had of the officers. Such an instance as a "broken" bank paying all its debts, with interest, is unknown in the history of banking, and goes to show the integrity of its management. It is now desirable that depositors should call at once for their money, so that the trustee may be able to settle his accounts and turn the affairs of the bank over to its proper officers.