19929. Columbian Banking & Trust Company (Charleston, SC)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
February 8, 1906
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini
Short Digest
eb8897b6

Response Measures

Full suspension

Other: Directors made a general assignment of assets for creditors (closure/receivership).

Description

Multiple contemporary newspaper extracts report a run (precipitated by anxiety of several Greek fruit/fruiterers with small deposits and uneasiness over a director's financial troubles) on Feb 8, 1906; the bank closed its doors and the directors made a general assignment of assets naming Edward W. Hughes assignee. Thus a run led directly to a suspension/assignment (permanent closure). OCR variants (Columbia/Columbla) corrected to 'Columbian' per supplied bank name.

Events (3)

1. February 8, 1906 Receivership
Newspaper Excerpt
the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes as assignee
Source
newspapers
2. February 8, 1906 Run
Cause
Bank Specific Adverse Info
Cause Details
Run precipitated by anxiety of small Greek fruit dealers but underlying uneasiness from financial troubles of a director.
Newspaper Excerpt
After a run which is said to have been precipitated by the anxiety of several Greek fruiters with small deposits
Source
newspapers
3. February 8, 1906 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors closed the bank and made a general assignment of property and assets for benefit of creditors following the run.
Newspaper Excerpt
the Columbian Banking and Trust Company of Charleston closed its doors today
Source
newspapers

Newspaper Articles (11)

Article from The Birmingham Age-Herald, February 9, 1906

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Article Text

GREEKS RESPONSIBLE. Became Scared and Forced Charleston Bank to the Wall. Charleston, S. C., February 8.-After a run, which is said to have been precipitated by the anxiety of several Greek fruiters with small deposits, the Columbian Banking and Trust Company of Charleston closed its doors today, and tonight the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes as assignee. As no quarterly statement had been made since 1905, the figures of liabilities and assets could not be obtained. In the last statement a surplus of $6500 was shown, and in January a dividend was declared at the rate of 6 per cent per annum. The bank was capitalized at $50,000, and was chartered in 1893. The financial troubles of a director, however, caused uneasiness, and the run today brought matters to a crisis. It is thought the bank will be able to pay up in full.


Article from The Times Dispatch, February 9, 1906

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Article Text

GREEK FRUIT DEALERS CAUSE BANK TO CLOSE Small Depositors Got Anxious and Charleston Bank Had to Quit Business. (By Associated Press.) CHARLESTON. S. C., February 8.After a run which is said to have been recipitated by the anxiety of several Greek fruit dealers with small deposits the Columbian Banking and Trust Company of Charleston, closed its doors to. day and to-night the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes assignee. As no quarterly statement had been made since November, 1905, the figures of liabilities, and assets could not be obtained. In the last statement a surplus of $6,000 was shown, and in January a dividend was declared at the rate of six per cent. per annum. The bank was capitalized at $50,000 and was chartered in 1893. The financial troubles on a director, however, caused uneasiness, and the run to-day brought matters to a crisis. It is thought that the bank will be able to pay up in full.


Article from The Montgomery Advertiser, February 9, 1906

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Article Text

Sousa and His Band Today. Matinee at Bljou, 2 p. m. Charleston Bank Assigns. Charleston, S. C., Feb. 8.-After a run which is said to have been precipitated by the anxiety of several Greek fruiters with small deposits, the Columbia Banking and Trust Company of Charleston closed its doors today and tonight the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes assignee. As no quarterly statement had been made since November 1905, the figures of liabilities and assets could not be obtained. In the last statement a surplus of $6,500 was shown and in January a dividend was declared at the rate of 6 per cent per annum. The bank was capitalized at $50,000 and was chartered in 1893.


Article from The Salt Lake Tribune, February 10, 1906

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Article Text

Bank Forced to the Wall. CHARLESTON S. C., Feb. 9.-After a run today, the Columbla Banking and Trust company of Charleston closed its doors, and tonight the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes as assignee. The bank was capitalized at $50,000. The finan cial troubles of a director caused uneasiness and the run today brought mattere to a crisis.


Article from Edgefield Advertiser, February 14, 1906

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Article Text

Small Charleston Bank Forced tc Close Its Doors. Charleston, Special.-After a run which is'said to have beenprecipitated by the anxiety of several Greek fruit erers with small deposits, the Columbian Banking aud Trust company of Charleston, closed its doors and the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W Hughes assignee. As no quarterly statement had been made since Nov ember, 1905, the figures of liabilitie and assets could not be obtained. ] the last statement a surplus of $6,500 was shown and in January a dividend was declared at the rate of 6 per cent. per annum. The bank was capitalize at $50,000 and was chartered in 1893 The financial troubles of a director. however, caused uneasiness and the run brought matters to a crisis. It is thought that the bank will be able to pay up in full.


Article from The Watchman and Southron, February 14, 1906

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Article Text

Charleston Bank Fails. Charleston, S. C., Feb. 8 -After a run which IS said to have been precipitated bv the anxiety ot several Greek fruiterers with several deposits, the Columbian Banking and Trust Company of Charleston closed its doors today and tonight the directors made a general assignment of property and assets for the benefit of creditors, naming Edward W. Hughes assignee. As no quarterly statement had been made since November, 1905, the figures of liabilities and assets could not be obtained. In the last statement a surplos of $6,500 was shown and in January a dividead was declared at the rate of 6 per cent per annum. The bank was capitalized at $50,000 and was chartered in 1893. The financial troubles of a director. however, caused uneasiness and the run today brought matters to a crisis. It is thought that the bank will be able to pay up in full.


Article from Keowee Courier, February 14, 1906

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Article Text

After a run which is said to have been precipitated by the anxiety of several Greek fruiterers with small deposits, the Columbian Banking and Trust Company, of Charleston, closed its doors on February 8 and the directors made a general assignment of propertv and assets for the benefit of creditors. The bank was capitalized at $50,000 and was chartered in 1893. The financial troubles of a director caused uneasiness and matters were brought to a crisis. It is thought that the bank will be able to pay up in full.


Article from The Spanish Fork Press, February 15, 1906

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Article Text

NEWS SUMMARY go it Three boys of Meriden, Ia., sons of well-to-do families, were killed by an Illinois Central passenger train. Ffty-five natives were drowned at Johannesburg owing to the flooding 01 the South Rose, a deep gold mine. The supreme court has denied a re hearing in the case of Johann Hochi sentenced to be hanged in Chicago February 23 for wife murder A special from Pinghar, Ia., says Governor Cummins is ready to accept a third term as governor and will make an official announcement soon. President Pardo of Peru has signed the law approving the contract with Henry MacDougall for the construction of a railroad between Lima and Pisco. Captain Kurmi, who commanded the Japanese naval guns at the siege of Port Arthur, has been appointed naval attache at the legation of Japan in St. Petersburg. The fall of Count Vorontzoff-Dashkoff, Viceroy of the Caucasus, whose weak-kneed policy is held responsible for the prevailing anarchy in the Caucasus, is announced. General Linevitch reports to St. Petersburg the existence of 220 cases of Siberian plague in the army. The total number of sick in the hospital is 744 officers and 14,282 men. The internal revenue report for 1905 shows that the business of the Philippine islands amounted to $195. 000,000 in gold. The amount of taxes collected was $4,000,000 in gold. Poltavatsky, the youth of Moscow who on June 15, 1905, attempted to assassinate General Trepoff, has beer condemned to five years' imprison ment, without loss of civil rights. Sarah Jones, a seventy-year-old wo man, was convicted of murder in the first degree at Philadelphia, for the killing of her foster daughter's child within a few hours after it was born. , After a run, the Columbia Banking and Trust company of Charleston, S C., closed its doors, and the directors made a general assignment of property and assets for the benefit of creditors A coroner's jury at San Francisco, in the inquest over the three men wha were killed recently on the transport Meade, found a verdict of accidental death caused by inhaling poisonous smoke Jim Cotton, a negro, was shot to death at Elmaville, Ala., by a mob of white men. Cotton was accused of shooting at Jim Philips, a guano sales man, who had administered a thrashing to Cotton. At Rickmer's ship yard in Bremerhaven last week there was launched the biggest sailing ship in the world. The length of the craft is 438 feet and her breadth 54 feet, and she is of 8,000 tons burden. Governor Stokes of New Jersey has granded Mrs. Antoinette Tolla, the Hackensack murderess, a further reprieve of sixty days in order to allow her counsel to present further evidence for a new trial. A punitive expedition has captured a large band of revolutionists in the Dehlen estate in the vicinity of Riga. Fifteen of them have been tried by court-martial and shot. The others were flogged with knouts. t Special investigation of the affairs t of the Equitable Life Insurance society within a year have cost that cor t poration more than $300,000, according b to a statement authorized by Paul Morton, president of the Equitable. n 1 President W. G. Tight of the New 8 Mexico university was seriously inn jured at Albuquerque, by an explosion e of gasoline while experimenting in the a laboratory. One of his arms was torn off and he was otherwise horribly mutiliated. t. Many Jews at Kieff have received by mail sentences of death in the name of the pan-Russian league in defence g of the holy cross. A great panic preg vails among the Jewish population, 7: who are expecting a renewal of the anti-Jewish riots. V B Fire broke out in Littleton, W. Va., th an oil town, and before it could be C extinguished nearly every business b house was destroyed, about 800 of the a a 1,500 inhabitants were without homes ta and a financial loss of more than $200, tr 000 was sustained. Mount Vesuvius volcanic activity continues. Streams of lava have invaded the railroad track at three k points, and it is threatened at a fourth G: point. The station of the Funicular an allway is also threatened, and that


Article from The Bamberg Herald, February 15, 1906

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Article Text

Dago Fruiters Break Bank. After a run which is said to have been precipitated by the anxiety of several Greek friuters with small deposits, the Columbian Banking and Trust company of Charleston closed its doors a few days ago, the directors later made a general assignment cf property and assets for the benefit W. of creditors, naming Edward Hughes assignee. As no quarterly statement had been made since No. vember, 1905, the figures of liabilities and assets could not be obtained. In the last statement, a surplus of $6,500 was shown, and in January a dividend was declared at the rate of 6 per cent per annum. The bank was capitalized at $50,The 000, and was chartered in 1893. financial troubles of a director, however, caused uneasiness, and the run, as above stated, brought matters to a crisis. It is thought that the bank will be able to pay up in full.


Article from The Pioche Weekly Record, February 16, 1906

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Article Text

sentenced to be hanged in Chicago February 23 for wife murder. A special from Pinghar, Ia., says Governor Cummins is ready to accept a third term as governor and will make an official announcement soon. President Pardo of Peru has signed the law approving the contract with Henry MacDougall for the construction of a railroad between Lima and Pisco. Captain Kurmi, who commanded the Japanese naval guns at the siege of Port Arthur, has been appointed naval attache at the legation of Japan in St. Petersburg. The fall of Count Vorontzoff-Dashkoff, Viceroy of the Caucasus, whose weak-kneed policy is held responsible for the prevailing anarchy in the Caucasus, is announced. General Linevitch reports to St. Petersburg the existence of 220 cases of Siberian plague in the army. The total number of sick in the hospital is 744 officers and 14,282 men. The internal revenue report for 1905 shows that the business of the Philippine islands amounted to $195.000,000 in gold. The amount of taxes collected was $4,000,000 in gold. Poltavatsky, the youth of Moscow who on June 15, 1905, attempted to assassinate General Trepoff, has been condemned to five years' imprisonment, without loss of civil rights. Sarah Jones, a seventy-year-old woman, was convicted of murder in the first degree at Philadelphia, for the |killing of her foster daughter's child within a few hours after it was born. After a run, the Columbia Banking and Trust company of Charleston, S. C., closed its doors, and the directors made a general assignment of property and assets for the benefit of creditors. A coroner's jury at San Francisco, in the inquest over the three men who were killed recently on the transport Meade, found a verdict of accidental death caused by inhaling poisonous smoke. Jim Cotton, a negro, was shot to death at Elmaville, Ala., by a mob of white men. Cotton was accused of shooting at Jim Philips, a guano sales man, who had administered a thrashing to Cotton. At Rickmer's ship yard in Bremerhaven last week there was launched the biggest sailing ship in the world. The length of the craft is 438 feet and her breadth 54 feet, and she is of 8,000 tons burden. Governor Stokes of New Jersey has granded Mrs. Antoinette Tolla, the Hackensack murderess, a further reprieve of sixty days in order to allow her counsel to present further evi+ dence for a new trial. A punitive expedition has captured a large band of revolutionists in the Dehlen estate in the vicinity of Riga. Fifteen of them have been tried by court-martial and shot. The others were flogged with knouts. Special investigation of the affairs of the Equitable Life Insurance society within a year have cost that corporation more than $300,000, according to a statement authorized by Paul Morton, president of the Equitable. President W. G. Tight of the New Mexico university was seriously injured at Albuquerque, by an explosion of gasoline while experimenting in the laboratory. One of his arms was torn off and he was otherwise horribly mutiliated. Many Jews at Kieff have received by sentences of death in the name of of cross. A great premail the the holy pan-Russian league in panic defence vails among the Jewish population, who are expecting a renewal of the anti-Jewish riots. Fire broke out in Littleton, W. Va., an oil town, and before it could be extinguished nearly every business house was destroyed, about 800 of the 1,500 inhabitants were without homes and a financial loss of more than $200. 000 was sustained. Mount Vesuvius volcanic activity continues. Streams of lava have inwaded the railroad track at three points, and it is threatened at a fourth point. The station of the Funicular railway is also threatened. and that line of transit has been stopped. Roy Mendenhal shot and killed Mrs. Eva Kennedy, his fiancee, and then fatally wounded himself, at Dayton, Ohio. The couple had quarreled over Mrs. Kennedy's request for a few days' postponement of their marriage which had been set for Wednesday, Major General Leonard Wood is preparing for field maneuvers as soon additional islands operaextend over tiens as sent the to will the arrive. regiments the larger The being part of the Island of Luzon, so as to fit the troops for possible service in China. - -


Article from The Idaho Republican, February 16, 1906

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Article Text

NEWS SUMMARY go Three boys of Meriden, Ia., sons of well-to-do families, were killed by an Illinois Central passenger train. Fity-five natives were drowned at Johannesburg owing to the flooding of the South Rose, a deep gold mine. The supreme court has denied a re hearing in the case of Johann Hoch, sentenced to be hanged in Chicago February 23 for wife murder. A special from Pinghar, Ia., says Governor Cummins is ready to accept a third term as governor and will make an official announcement soon, President Pardo of Peru has signed the law approving the contract with Henry MacDougall for the construction of a railroad between Lima and Pisco. Captain Kurmi, who commanded the Japanese naval guns at the siege of Port Arthur, has been appointed naval attache at the legation of Japan in St. Petersburg. The fall of Count Vorontzoff-Dashkoff, Viceroy of the Caucasus, whose weak-kneed policy is held responsible for the prevailing anarchy in the Caucasus, is announced. General Linevitch reports to St. Petersburg the existence of 220 cases of Siberian plague in the army. The total number of sick in the hospital is 744 officers and 14,282 men. The internal revenue report for 1905 shows that the business of the Philippine islands amounted to $195, 000,000 in gold. The amount of taxes collected was $4,000,000 in gold. Poltavatsky, the youth of Moscow who on June 15, 1905, attempted to assassinate General Trepoff, has been condemned to five years' imprison, ment, without loss of civil rights. Sarah Jones, a seventy-year-old wo man, was convicted of murder in the first degree at Philadelphia, for the killing of her foster daughter's child within a few hours after it was born. After a run, the Columbia Banking and Trust company of Charleston, S, C., closed its doors, and the directors made a general assignment of property and assets for the benefit of creditors. A coroner's jury at San Francisco, in the inquest over the three men who were killed recently on the transport, Meade, found a verdict of accidental death caused by inhaling poisonous smoke. Jim Cotton, a negro, was shot to death at Elmaville, Ala., by a mob of white men. Cotton was accused of shooting at Jim Philips, a guano sales man, who had administered a thrashing to Cotton. At Rickmer's ship yard in Bremerhaven last week there was launched the biggest sailing ship in the world. The length of the craft is 438 feet and her breadth 54 feet, and she is of 8,000 tons burden. Governor Stokes of New Jersey has granded Mrs. Antoinette Tolla, the Hackensack murderess, a further reprieve of sixty days in order to allow her counsel to present further evidence for a new trial. A punitive expedition has captured a large band of revolutionists in the Dehlen estate in the vicinity of Riga. Fifteen of them have been tried by court-martial and shot. The others were flogged with knouts. Special investigation of the affairs of the Equitable Life Insurance society within a year have cost that corporation more than $300,000, according to a statement authorized by Paul Morton, president of the Equitable. President W. G. Tight of the New Mexico university was seriously injured at Albuquerque, by an explosion of gasoline while experimenting in the laboratory. One of his arms was torn off and he was otherwise horribly mutiliated. Many Jews at Kieff have received by mail sentences of death in the name of the pan-Russian league in defence of the holy cross. A great panic prevails among the Jewish population, who are expecting a renewal of the anti-Jewish riots. Fire broke out in Littleton, W. Va., an oil town, and before it could be extinguished nearly every business house was destroyed, about 800 of the 1,500 inhabitants were without homes and a financial loss of more than $200,, 000 was sustained. Mount Vesuvius volcanic activity continues. Streams of lava have in+ vaded the railroad track at three