19139. Franklin County Bank (St Albans (Bay), VT)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
October 19, 1864
Location
St Albans (Bay), Vermont (44.811, -73.083)

Metadata

Model
gpt-5-mini
Short Digest
3eca282e75997ef7

Response Measures

None

Description

Articles describe the Confederate raid on St. Albans (Oct 1864) in which raiders robbed the Franklin County Bank of large sums; the bank subsequently for the time suspended payment but was described as expected to make holders whole (temporary suspension). No depositor run is reported. Dates refer to the Oct 1864 raid (papers dated Oct 24โ€“28, 1864).

Events (2)

1. October 19, 1864 Other
Newspaper Excerpt
On entering the Franklin County Bank ... the cashier Mr. Beardsley ... were unceremoniously shoved into the bank safe, and the key turned upon them. The raiders ... helped themselves to all the visible funds there were. The amount taken from the bank was about $20,000 (later reports cite $80,000).
Source
newspapers
2. October 28, 1864 Suspension
Cause Details
Bank suspended after Confederate raiders robbed the bank during the St. Albans raid (large theft of banknotes and bonds).
Newspaper Excerpt
The Franklin County Bank has for the time suspended, and ordered the Suffolk Bank not to take their bills.
Source
newspapers

Newspaper Articles (5)

Article from The New York Herald, October 24, 1864

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Article Text

he sion of St. Albans. (From the St. Albana Messenger, Oct 20. St Albans has been surprised-excited At half past peaceable our yesterday o'clock community abock to And in our streets armed ing of was issible divine. Men rushed paralyzed not, One armed They raid mean that greeted the village, sides whom what proceeding the would the ride them to Jumping the the then the does mean those claimed back take still don't God damu keep next The revolvers their the programme was the appearant Fuller six shooter near the shoe shop of Mr Biddad for but his three shoot Paul to ailed other give than Mr E J. Merrison the our large standing the stops of Miss door one the rtb office. with band on the latch of the door, and recer shot through his right hand. which was in his cket, his He to bowels, through staggered the the Messena office. excla I'm shot, press. band at the same time upon his stomach. One the Messenger hauds assisted him drag store of L Dutcher Son, whose medical help isaine lately While this was going on the more southern part of was Main street in looked As great dow he street armed horseman shooting their guns with the greatest impunity silent man and almost came rooming up the street All the banks bbed What do shall was the universal answer About that moment red Captain Conger of First Vermont cavalry who urged citizens arm themselves with bing even with raiders upon exclaimed he them catch During leu minutes time the raiders were sering stealing horses and awing is the most frightful manner Their first descent entered upon and it was to make any look $29 650 in treasury bouds in 500's of 100's, per tender Dent $5.000 coupon legal tender let bearing notes .000 England banks and cy entering the Franklin county Bank, cashier. M by the name of Clark with whom the some work b been for l aboved into the bauk sale turned upon raiders, theu helped themselves all the visible there The amount taken from the bank was Mr into $20,000 the few minutes after, finding vacant and something, when trusting Beardsley from his closely us out The safe was opened, came prisoned somewhat alarmed as may be Albans Bank the the raiders. Quietly they entered ,and the and Messrs. to Bishop Confederate oath. much to the digust of there respectable Mr. men. Breck firm the Wetherbee coming nto the bank at this time informed in insolently band to deposit. by deposits. took and the raidera tbat he money from bim. The raiders then proceeded racsack money department' of the bank, and succeeded in carry ing off large amount Our citizen about this time commenced realizing their position They felt that the invaded earnest. All went search arms. and, indeed. requisition. were town there great marauders, raiders, guas were shot or Confederate quietly proceeded northward twenty minutes company of horsemen number about forty, should judge, organized by Captains and Stranaban others brave Captain Conger and few others having them hich immediately started to pursuit The pur marauders the who to overs on their close kept Sheldon fire the bridge, also the barn or the fire promptly but Alfred extinguished Keith Being closely pursued the party from here they time 10 rob the bank at Sheidon the went the towards Canada raiders directly city where the advance guard the suers them Some jumped from their horses greatest haste, and took for the woods On application to the authorities two the robbers were arrested and in 1008 The Canadian then. with authorities went energy the robbers we this search there learn At writing have been arrested Slab city, near that three and six at Stanbridge, where fifty thousand dollars were before Our town most thoroughly organized. Never has this been the country and the presence of military u m Burlington Montpelier and Brattleboro is safeguard the made An by of An fire the attemps last Hotel American after the villains had found hosphorus Along streets ballet the observe the nd murder rebels bullet four or hotes that wound shot being occasioned determined his the stop raiders glad to be able to say that Mr. Hun sington likely The of the military here last evening, com. mauded order: and the orderly man soldiers during the tright and to day attaches credit to Colonel Benton, Major Barstow and Lieut Burnet We are reliably informed that from sixty to eighty thousand dollars the mosey. taken by the raiders from here yestercay hands the Canadian autho. rities awaiting the action of our State government Times. Burlington the Oct 20. It seems that some days these raider# had been banging the different botels Some of them had the Trement. bers at the American. them had the St. Albana House attracted behavior the their here singular attention the landlord Mr Peice and he viewed them as yet did not dream of their being envoy Jeff. Davis of described tail The is the as leader party built at himself registered good He first about the 10th of October when House two and remained or three be mostly kept his room. but several bitn room his Albaus the morning of October He and talent good education federate officer o high rack of their but we various, place them from thirty to lorty They well will borse pistois and most iceable pattern They each had from one to four of these formidable weapons it After dinner these persons seen occasionally groups, mostly walking carelessly along Maio street the neighborbook of the banks THE Sr ALBA three About Dast half three men young dressed, and evidently men bank All were lain described by our former lowpeman in the director's room These visage Mr. N Bishop. teller and solling pair of pistols. proceeded dr Bishop ran into the room where Seymour attempted to bold the door they were them and, forcing the door Blehop dragge the throat and Mr mour presented with shape of Disto! at his head They an cash of allegmance to the South confederacy and not to divalge any of these hours The leader of the party said here onder the order of General Early. You down in the Sbenendoah valley burned our property and now propose Heymour being extremely about taking cold jun of BOOD brought terms COUNTY According M cashier at time intie after three


Article from Cleveland Morning Leader, October 27, 1864

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THE VERMONT RAID. Additional Details of the affair-Accounts of the Vermont Press-The Capture of several of the Raiders, [From the St. Albans Messenger, Oct. 0] St. Albans has been surprised-excitedAt half past three o'clock yesterday, our peaceable community were taken somewhat aback to find in our streets & company of twenty or thirty armed horsemen. The meaning of it was impossible to divine. Men rushed from their stores and offices, not perhaps, paralyzed with fear but with wonderment. One enquired of another, "what does this mean ?" "They are armed with revolvers 1" "It is a rebel raid and they intend to destroy the village," were the exclamations that greeted us on all sides as we entered the street. We knew not ourselves what it meant, and the neighbors, of whom we inquired, were equally ignorant. We saw men proceeding from the livery establishment of Wm. &E. D. Fuller, with horses, unharnessed, led by the hostler of the establshment, who said he would ride them. "No," said the man who ordered them, "we will take care of our own horses." Jumping on to them with impetuous haste, large navy revolvers showed themselves in the hands of all the mounted men. Mr. E. D. Fuller, who was then approaching the "scene," exclaimed, What does this mean, take back those horses." "God damn you; if you don't keep still we will shoot you, producing their revolvers. The next part of the programme was the appearance of Fuller with a "poor six shooter He stood near the shoe shop of Mr. Bildad Paul, and tried to shoot his "gun," but for three consecutive times the "thing" failed to give other utterance than a "click." Mr. E. J. Morrison, the contractor for our large hotel, was standing on the steps of Miss Beattie's shop, just one door north of the Messenger office, with hand on the latch of the door, and received a shot through his right hand, which was in his pocket, passing through his bowels. He staggered to the stairway of the Messenger office, exclaiming "I am shot," pressing his hand at the same time upon his stomach. One or two of the Messenger hands immediately assisted him to the drug store of L. L. Dutcher & Son, whose medical help/was immediately summoned. While this was going on the more southern part of Main street was in great excitement. As we looked down the street we saw armed horsemen shooting their guns with the greatest impunity. Our citizens stood silent and almost speechless. A man came running up the street exclaiming, "All the banks are robebd, what shall we do?" hat can we do?" was the universal answer. About that moment appeared Captain George R. Conger, of the First Vermont cavalry, who urged the citizens to arm themselves with anything, even with broomsticks. "We have a lot of rebel raiders upon us,' he emphatically exclaimed, "and let us catch them. During the first ten minutes time the raiders were entering our banks, stealing horses, and awing our citizens in the most frightful manner. Their first decent was upon the National Bank. They entered it without make any resistance, and it any. was impos- They took sible $29,650 to in 7 8-10 treasury bonds, in denominations of 50's, 100's, 500's, and 1000's in 5 per cent. legal tender coupon notes $5,000 legal tender interest bearing notes $8,000 in currency of New England Banks, and greenbacks. On entering the Franklin County Bank, the cashier, Mr. Beardsley, and & man by the name of Clark, with whom the cashier was settling for some work he had been doing for him, were unceremoniously shoved into the bank safe, and the key turned upon them. The raiders, of course, then helped themselves to all the visible funds there were. The amount taken from the bank was about $20,000. Mr. J. Armington, entering a few minutes after, finding it apparently vacant, and mistrusting something, asked, " Who's here?" when Mr. Beardsley, from his "closely confined den,' said "let me out." The safe was opened, and out came the imprisoned, somewhat alarmed, as may be readily supposed. The St. Albans Bank was the next operation of the raiders. Quietly they entered it, and the tellers, Messrs. Bishop and Seymour, were compelled to take the Confederate oath, much to the disgust of these loval and respectable men. Mr. Breck, of the firm of Breck & Wetherbee, coming into the bank at this time with $400 in hand to deposit, was Insolently informed by one of the raiders that he " took deposits," and the money seized from him. The raiders then proceeded to ransack "the money department of the bank, and succeeded in carrying off a large amount. Our citizens about this time commenced realizing their position. They felt that the town was invaded in earnest. All went in search of arms, and, indeed, few there were in town. Horses were in great requisition, as were shot guns and revolvere. The raiders, marauders, or Confederate thieves, quietly proceeded northward. In twenty minutes or less a company of horsemen, to the number of about forty we should judge, was organized by Captain Newton, Mr. Stranahan and othersthe brave Captain Conger and & few others having preceded them-which immediately started in pursuit. The pursuers kept close to the marauders, who on their arrival at Sheldon set the bridge on fire, also the barn of Mr. Alfred Keith, but the fire was promptly extinguished. Being closely pursued by the party from here, they had no time to rob the bank at Sheldon, and the raiders thence went directly towards Canada, to Slab City, where the advance guard of the pursuers reached them. Some jumped from their horses in the greatest haste, and took for the woods. On application to the Canadian authorities two of the robbers were airested and put in irons. The Canadian authorities then, with commendable energy, went in search the robbers. At this writing, we learn


Article from Burlington Free Press, October 28, 1864

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OUR BANKS. An unnecessary excitement has been gotten up relative to our banks. The St. Albins Bank his, at this writing, recovered all, except $29,000 of the stolen funds. The bank is domg business as usual. discounting notes, &c.The Suffolk Bank of Boston takes the bills as they come to their counter, which is proof enough that they are all right." Should the bank recover ao more of their stolen funds, it is in good condition; as the prudent management of it had land away nearly this amount as a surplus fund, fur a wet day. The Franklin County Bank has for the time suspended, and ordered the Suff lk Bank not to take their bills The object of this is to make their bills worthless for the time. But all honest holders of the bills need not be alarmed, as they will be made good in due course of time. The amount taken from the Franklin County Bank is between 70 and $80,000-$20,000 of which has, we learn, been recovered The National Bank continues to do business. and no one need to have any hesitancy about taking their bills, which are, so to speak, as good the wheat." There are only eleven of the raiders thus far captured. Col. or Capt. Clyde, who assumes the leadership of the gang, keeps up the most brazen effrontery. He declares that he is a Confederate officer, and that his orders came from Early.


Article from Lamoille Newsdealer, November 2, 1864

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"Quocumque me Fortuna ferat, ibo hospes." Thursday morning, a man came they come to their counter, which is proof e depot at Farnham to take the enough that they "are all right." for Montreal. His behavior was Should the bank recover no more of their supicious and he was arrested. stolen funds, it is in good condition, as thousand dollars was found upon the prudent management of it had laid son in bills on the St. Albans bank, away nearly this amount as a suplus fund 1 as a photograph of Capt. Young, for 3 wet day. The Franklin County it Richardson's gallery in St. Al- Bank has for the time suspended, and ordered the Suffolk Bank not to take their rsday night another man, Samuel bills. The object of this is to make them was secured by the stage driver. worthless for the time. But all honest $30 in money and was quite lame holders of the bills need not be alarmed, g sprained his ankle during the as they will be made good in the course The amount taken from the Upon him were found eight photo- of time. supposed to be of members of the Franklin County Bank is between 70 and l'hese pictures were marked on the $80,000-$20,000 of which has, we if taken somewhere in Kentucky. learn, been recovered. The National Bank said he had been two years in the continues to do business, and no one need erate service. and professes that haveany hesitancy about taking their bills d entered on this expedition under which are, so to speak, 'as good as the of the Confederate Government. wheat.' "


Article from The Grand Haven News, November 16, 1864

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THE losses of the St. Albans, Vermont, banks, in the late raid, are as follows; St Albans Bank, $74,000 in bills ; Franklin County Bank, $80,000 to $88,000; First National Bank, $50,000; to $65,000 in bills and bonds. The St. .Albans and First National Banks, in spite of their losses, will redeem all their bills as usual. The Franklin County Bank has suspended payment.