19982. Merchants Bank (Cheraw, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 12, 1858
Location
Cheraw, South Carolina (34.698, -79.883)

Metadata

Model
gpt-5-mini
Short Digest
c37c2214

Response Measures

None

Description

Multiple newspapers carry a Comptroller General circular (dated January 12, 1858) listing The Merchants' Bank of Cheraw among 'Suspended Banks'. The articles report a formal suspension (bills not receivable except as stated). There is no mention of a depositor run, reopening, receivership, or final winding-up in these clippings, so I record a suspension event dated 1858-01-12. Because the later status (reopening or permanent closure) is not reported in the provided items, I mark the episode as suspension_closure but note the permanent status is uncertain from these articles.

Events (1)
1. January 12, 1858 Suspension
Cause Details
Named in Comptroller General circular as one of the 'suspended banks' (no cause specified in the circular).
Newspaper Excerpt
that the bills of the following Banks will only be received in payment for Taxes due the State, viz: ... The Merchants' Bank of Cheraw.
Source
newspapers

Newspaper Articles (8)
1. January 14, 1858 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, January 14, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, Columbia, January 12, 1858. To the several Tax Collectors of the several Districts and Parishes of the State of South Carolina: According to the provisions of the laws of this State, in such case made and provided, the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officors in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General.

2. January 21, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, January 21, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, ? COLUMBIA, January 12, 1858. 1 the several Tax Collectors of the several I'⁰ Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bitls, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officen in payment for taxes and other moneys due to the State." You will therefore give at least thiny days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the fullowng Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. Tie Bank of Georgetown. "Tle Merchants' Bank of Cheraw. "Tle Bank of Camden. The Bank of Chester. You will also receive the Taxes. or any other ues to the State, in the Bills of the Bank of the tate of South Carolina. Should any Tax Collecr in the State refuse to obev the foregoing inructions, or present at the Treasury any Bills other Banks than those above named, he will dealt with according to law. J.D. ASHMORE, Comptroller General 38 4t 2, 1858.

3. January 27, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, January 27, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL COLUMBIA, January 12, 1858. T the several Tax Collectors of the sev. Dictricts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in payment for Taxes due the State, viz : The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dyes to the State, in the Bills of the Bank of the State of South Carolina Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptroller General. January 12, 1858. 50-4t.

4. January 28, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, January 28, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, 1 COLUMBIA, January 12, 1858. $ the several Tax Collectors of the several T° Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public offieers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes. or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General. Jap. 12, 1858. 38 4t,

5. February 3, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, February 3, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, COLUMBIA, January 12, 1858. T eral several Tax Collectors of the seve Dictricts and Parishes of the State of South Caroli a. According to the provisions of the laws of this State, in such case made and provided. the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collec. tors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in payment for Taxes due the State, viz : The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Back of Georgetown. The Merchants' Bank of Cheraw. The Bar k of Camden. The Bank of Chester. You will 51so receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South CarolinaShould any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptroller General. 50-4t. January 12, 1858.

6. February 4, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, February 4, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, , COLUMBIA, January 12, 1858. i T the several Tax Collectors of the several Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided. the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Parish, that the bills of the following Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The Staffe Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden. The Bank of Chester. You will also receive the Taxes, or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions. OF present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE, Comptroller General. 38 Jan. 12, 1858. 4t

7. February 10, 1858 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, February 10, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL COLUMBIA, January 12, 1858. T the several Tax Collectors of the seve Dictricts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided. the Bills of Suspended Banks are not "receivable by the Treasurers, Tax Collec tors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty davs notice through the public journal of your District or Parish. that the bills of the following Banks will only be received in pay. ment for Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Ba: k of Camden. The Bank of Chestsr. You will also receive the Taxes, or anv other dues to the State, in the Bills of the Bank of the State of South CarolinaShould any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law. J. D. ASHMORE. Comptraller General. January 12. 1858. 50-4t.

8. February 11, 1858 The Abbeville Banner Abbeville, SC
Article from The Abbeville Banner, February 11, 1858

Click image to open full size in new tab

Article Text

Circular. OFFICE COMPTROLLER GENERAL, 1 COLUMBIA, January 12, 1858. the several Tax Collectors of the several T° Districts and Parishes of the State of South Carolina. According to the provisions of the laws of this State, in such case made and provided, the Bills, of Suspended Banks are not "receivable by the Treasurers, Tax Collectors and other public officers in payment for taxes and other moneys due to the State." You will therefore give at least thirty days notice through the public journal of your District, or otherwise, to the Tax Payers of your District or Purish, that the bills of the fullowing Banks will only be received in payment of Taxes due the State, viz: The Commercial Bank of Columbia. The Bank of Charleston. The Union Bank of Charleston. The State Bank of Charleston. The Bank of Georgetown. The Merchants' Bank of Cheraw. The Bank of Camden, The Bank of Chester. You will also receive the Taxes. or any other dues to the State, in the Bills of the Bank of the State of South Carolina. Should any Tax Collector in the State refuse to obey the foregoing instructions, or present at the Treasury any Bills on other Banks than those above named, he will be dealt with according to law, J. D. ASHMORE, Comptroller General. Jan. 12, 1858. 38 4t