19888. Bank of Camden (Camden, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 13, 1871
Location
Camden, South Carolina (34.247, -80.607)

Metadata

Model
gpt-5-mini
Short Digest
92f1f849

Response Measures

None

Description

Newspapers from 1871 indicate the Bank of Camden was already in the hands of receivers and R. J. Donaldson is repeatedly named as receiver in court decisions through 1872. There is no mention of a depositor run in these clippings. Receivers were appointed under state enabling acts / court orders, so this is a suspension leading to permanent closure/receivership.

Events (4)

1. January 13, 1871 Suspension
Cause
Government Action
Cause Details
Placed in hands of receivers under provisions of state enabling acts or court orders (listed among banks in receivership).
Newspaper Excerpt
The following named are in the hands of receivers, &c., appointed under the provisions of the above named Act, or orders of the Courts prior to the passage thereof: Bank of Camden;
Source
newspapers
2. May 18, 1871 Other
Newspaper Excerpt
R. J. Donaldson, as Receiver of the Bank of Camden, respondent, vs. W. E. Johnson and W. D. McDowell, appellants. Mr. Kershaw for appellants. To be submitted in printed arguments.
Source
newspapers
3. December 15, 1871 Other
Newspaper Excerpt
DECISION OF SUPREME COURT. DECEMBER 15.-R. J. Donaldson, as Receiver of the Bank of Camden, as plaintiff, vs. W. E. Johnston, W. D. McDowell, defendants: Ordered, that motion be dismissed, and the judgment of the Circuit Court be affirmed per curiam.
Source
newspapers
4. March 1, 1872 Receivership
Newspaper Excerpt
R. J. Donaldson, as receiver of the Bank of Camden, vs. W. E. Johnson, et al. Order affirming Circuit Court judgment already filed.
Source
newspapers

Newspaper Articles (6)

Article from The Daily Phoenix, January 13, 1871

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Article Text

Company, amounting to $2,098,312.40, and those of the North-eastern Railroad Company, amounting to $92,000, are past due, the former having matured in 1868, the latter in 1869. None of them have as yet been paid, but no demand has been yet made on the State for payment, and the Comptroller presumes "that the companies by whom they were issued have made, or are about to make, satisfactory arrangements relative thereto." DEBIT AND CREDIT. -Statement No. 12 credits an additional indebtedness of the State of $2,642,103.48, which, when added to the railroad debt of $8,787,608.20, makes the total debt of the State $11,429,711.68. So it will be perceived that from Mr. Neagle's own report the debt of the State is over $11,000,000. The advocates of reform were, therefore, not far from wrong in their estimates of the State debt during the late canvass. BANKS AND CAPITAL. - Statement No. 14 comprises abstracts of the returns of Banks of the State, filed in this office, under the provisions of the enabling Acts of March, 1869. In accordance therewith, the following named Banks have, during the last fiscal year, resumed business, with the amount of capital placed opposite their names, respectively, viz: Bank of Charleston, $850,000; People's Bank of South Carolina, $250,080; Planters' and Mechanics' Bank, $100,000. The Bank of Newberry and the South-western Railroad Bank are redeeming their bills, but have not resumed business. The following named are in the hands of receivers, &c., appointed under the provisions of the above named Act, or orders of the Courts prior to the passage thereof: Bank of Camden; Bank of Chester; Commercial Bank of Columbia; Exchange Bank of Columbia; Bank of Hamburg; Bank of Georgetown; Merchants' Bank of South Carolina, Cheraw; Planters' Bank of Fairfield; State Bank of Charleston, and Bank of South Carolina. RAILROADS. -The abstracts of the various railroad reports contain some very valuable statistical information, from which we make a few brief extracts. The net earnings of the various roads are set down as follows: Spartanburg and Union Railroad, $14,502.03; Greenville and Columbia, none; North-eastern, $96,207.94; South Carolina, $258,728.55. Out of this $58,194 have been paid in dividends, leaving a surplus of $200,534.55. The total number of persons killed on all the roads are reported as nine; injured, nine. THE PENITENTIARY. -The report of the Superintendent and Directors of the Penitentiary ask for an appropriation of $30,000 for the erection of a permanent brick building for work shops. There are now in confinement 317 persons, of whom 310 are males, and 7 females. It would seem that the inmates are kept well employed, as appears from the following exhibit of the work done by them during the past year: In carpenter shop has been manufactured 85 wheel-barrows, 160-cell benches, 180 spittoons, 3 derrick frames, 1,272 hammer handles, 430 axe and pick helves, 13 mess tables, 36 quarry buckets, performed work in erecting machine shop extension, erecting the new sheds for the protection of stone-workers, built aqueduct wood work in mill-race, fitted up store-room and hospital, repaired boats, wagons, fences and buildings, to an aggregate amount of at least $3,000. In blacksmith shop has been made 878 balcony bearers, a vast number of stone-cutters, and other tools used in the various departments, to an aggregate amount of not less than $5,000. The weaving shop has produced 8,208 yards of cloth of various kinds and qualities, to a value of $3,616.60, which has been made up into garments in the tailor shop. During the year 281 persons have been received; of whom 205 have been pardoned, 23 discharged, 24 died, and 6 escaped. LUNATIC ASYLUM. - The expenses of this institution, as appears by the report of the Treasurer, amount to $58,507. Its assets are $43,471, and liabilities $14,978. The South having exhibited of late signs of revival, and a somewhat independent expression and exercise of opinion consequent thereupon, the Radicals deem it necessary to again put on the legislative screws. With this view a special message is being prepared for Gen. Grant by some legal romancer, exhibiting the usual desperate state of affairs, so constantly encountered in the columns of the Washington Chronicle and New York Tribune. This is to be followed by the appointment of a com-


Article from The Daily Phoenix, May 18, 1871

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Article Text

SUPREME COURT, WEDNESDAY, May 17. The Court met at 10 A. M. PresentChief Justice Moses and Associate Justices Willard and Wright. On motion, the cases of C, E. Fleming, respondent, vs. Thomas J. Robertson, executor, appellant; Caleb Bouknight, appellant, vs. the South Carolina Bailroad Company, respondents; Edward and H. O. Kinsler, executors, vs. Mary A. Holmes, were ordered to be docketed. Ex parle Louis E. LeOonte. Motion to be admitted to practice in the Supreme Court. Mr. McMaster for motion. Motion granted. Mr. LeConte took and subscribed the oath prescribed by the Constitution, and his name was enrolled among the names of the attorneys, solicitors and counsellors of the Supreme Court. Ann Griffin and M. L. Bonham vs. G. A. and H. W. Addison. Mr. Bonham was heard forappellants. Mr. Thomson for respondents. Mr. Bonham in reply. J. B. Boylston and A. Z. Demarest, respondents, vs. Joreph Crews, appellant. Mr. Haskell moved to dismiss the appeal. R. J. Donaldson, as Receiver of the Bank of Camden, respondent, vs. W. E. Johnson and W. D. MoDowell, appellants. Mr. Kershaw for appellants. To be submitted in printed arguments. Olivia McGowan et al. T8. Rofus N. Lowrance. Mr. LeConte read brief for appellants. At 3 P. M. the Court adjourned until Thursday, 18th, 10 A. M.


Article from The Charleston Daily News, May 19, 1871

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Article Text

SUPREME COURT, COLUMBIA, MAY 17.-The Court met at 10 A. M. Present-Chief Justice Moses and Associate Justices Willard and Wright. On motion. the cases of C. E. Fleming, respondent, vs. Thomas J. Robertson, executor, appellant; Caleb Bouknight, appellant. vs. the South Carolina Railroad Company. respondents; Edward and H. O. Kinsler, executors, vs. Mary A. Holmes, were ordered to be docketed. Ex parte Louis E. LeConte. Motion to be admitted to practice in the Supreme Court. Mr. McMaster for motion. Motion granted. Mr. LeConte took and subscribed the oath prescribed by the constitution. and his name was enrolled among the names of the attorneys, solicitors and cown ellors of the Supreme Court. Ann Griffin and M. L Bonham vs. G. A. and H. W. Addison. Mr. Bonham was heard for appellants. Mr. Thompson for respondents. Mr. Bonham in reply. J. B. Boylston and A. Z. Demarest, respondents, vs. Joseph Crews, appellant. Mr. Haskell moved to dismiss the appeal. R. J. Donal son. as receiver of the Bank o' Camden. respondent. vs. W. E. Johnson and W. D. McDowell, appellants. Mr. Kerslaw for appellants. To be submitted in printed arguments. Olivia McGowan et al vs. Rufus N. Lowrance. Mr. Leconte read brief for appellants.


Article from The Daily Phoenix, December 16, 1871

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Article Text

Local Item CITY MATTERS.---The price of single copies of the PHONIX is five cents. The PHONIX office is supplied with all necessary material for as handsome cards, billheads, posters, pamphlets, hand-bills, circulars, and other printing that may be desired, as any office in the South. Give us a call and test our work. The raffle for the quilt comes off at LyBrand's music store, this evening, at 8 o'clock. Dr. Hayes' bill, introduced in the Senate, on Thursday, provided that County Treasurers should receive pay certificates of the General Assembly in payment of taxes. There are a good many people who believe Dan. Rice has retired, and still others who think him dead. The latter are naturally somewhat skeptical about his being present here in the body as advertised. If there are any doubts about this being the "old original Jacobs,". they can satisfy themselves by attending the circus and taking one look at that nose, a facial feature that never deceives. The Colonel knows his superiority in this line, and will take no offence. "As big as your hand"-the Norfolk oysters on the half shell to be obtained at the Exchange Honee DECISION OF SUPREME COUET, December 15.-R. J. Donaldson, as Receiver of the Bank of Camden, as plaintiff, vs. W. E. Johnston, W. D. MoDowell, defendants: Ordered, that motion be dismissed, and the judgment of the Circuit Court be affirmed per curiam. THE PILGRIM.-On Wednesday night next, there is to commence an exhibition at Irwin's Hall, in this city, introducing the most prominent points in Bunyan's Pilgrim's Progress, in the shape of a moving panorama, with many of the accessories of the stage, in the way of scenic effects, red and white lights, etc. It gives some of the most useful lessons in life. The paintings themselves are the works of such artists as Leutze, Church, with many others known to fame. The transformation scene, coming after the arrival of the Pilgrim and his companion at the celestial city, is a wonder, considering the size of the stage it is given upon, and is second only to those seen in largo theatres. The manner in which the many journeyings and adventures of the Pilgrim is accompanied by music, is not the least interesting portion of the exhibition. The "Pilgrim" stays with us only three evenings, and we can conscientiously advise every man, woman and child in the town to see it when it makes its appearance. There will be a grand matinee Friday afternoon, at 3 o'clook.


Article from The Charleston Daily News, December 18, 1871

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DECISION OF SUPREME COURT. DECEMBER 15.-R. J. Donaldson, as receiver of the Bank of Camden, as plaintiff, vs. W. E. Johnston, W. D. McDowell, defendants: Ordered, That motion be dismissed, and the judgment of the Circuit Court be affirmed per curiam.


Article from The Charleston Daily News, March 4, 1872

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SEPREME COURT.-COLUMBIA, MARCH 1.-The court met at ten A. M. Present-Chief Justice Moses and Associate Justices Willard and Wright. The following decisions were rendered: J. R. Welsh, respondent, vs. J. N. Davis, appellant. Motion denied. Opinion by Willard, A. J. Moser, C. J., and Wright, A. J., concurred. R. J. Donaldson, as receiver of the Bank of Camden, vs. W. E. Johnson, et al. Order affirming Circuit Court judgment already filed. Opinion by Moses, C.J. Justices Willard and Wright concurred. Emiline Bradley vs. P. Rodelsperger. Decree of Circuit Court reversed, and case remanded. Opinion by Willard, A. J. Moses, C. J., and Wright, A. J., concurred. E. Jackson VS. T. C. Weatherly. Appeal dismissed. Opinion by Willard, A. J. Moses, C. J., and Wright, A. J., concurred. The court adjourned until Wednesday, 6th, at ten A. M.