2001. Freedmans Savings & Trust Company (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
March 26, 1879
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
73c42572

Response Measures

None

Description

Articles describe commissioners appointed under an act of Congress to close up the affairs of Freedman's Savings & Trust Company and sale of the company's real estate by the commissioners. No article describes a depositor run; instead the company is being wound up under government-appointed commissioners, consistent with a closure/receivership.

Events (3)

1. March 26, 1879 Other
Newspaper Excerpt
The Commissioners of the Freedman's Savings and Trust Company will resume the SALE OF REAL ESTATE ... on WEDNESDAY, MARCH 26, 1879, at 11 o'clock a. m.
Source
newspapers
2. May 20, 1879 Receivership
Newspaper Excerpt
The Commissioners appointed under the act of Congress to close up the affairs of the institution, made statement of their operations ... They have heretofore asked to be relieved from the duties imposed upon them ... drafts of bills were submitted by the Commissioners design'd the transfer the affairs of the company to the Comptroller of the Currency ... WASHINGTON, May 20.
Source
newspapers
3. May 21, 1879 Other
Newspaper Excerpt
They stated that a dividend of thirty per cent. had already been paid, and that they hoped before long to pay another dividend twenty per cent., making fifty per cent. in all.
Source
newspapers

Newspaper Articles (2)

Article from National Republican, March 18, 1879

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Article Text

AUCTION SALES. FUTURE DAYS. XTENSIVE SALE OF REAL ESTATE. E The Commissioners of the Freedman's Savings and Trust Company will resume the SALE OF REAL ESTATE belonging to said company. at their :office. on Pennsylvanta avenue, between Fifteenth and Fifteen-anda-half streets northwest, on WEDNESDAY, MARCH 26, 1879, at 11 o'clock a. m. The properties to be offered comprise a large num ber of Dwelling Houses and Vacant Lats in all parts of the city and District, as well as as several choice Farms. Great bargains may be expected. Call at the office of the Commissioners for list of mchi5-eod&ds properties to be sold. TRUSTEE'S SALE OF PROPERTY ON NINTH STREET EAST, By virtue of R. decree of the Supreme Court of the District of Columbia, passed in equity cause No. 6148. docket 18, and also by virtue of a deed of trust re corded among the land records of the District of Columbia. in Liber No. 762, follo 45, I will offer for sale at auction. on WEDNESDAY, the 26th day of March. 1879, at 5 o'clock P: m., in front of the prem. ises, lots No. 27 and 28, in Charles Just's recorded subdivision of square No. 935, in this city, Theselots each have a front of 20 feet on Ninth street east, between F and G streets north, and run back with that width 106 feet to a public allev. Lot 28 is improved by a well-built two-story frame House. Lot 27 is unimproved. Terms: One-fourth of the purchase money in cash, and the residue in three equal installments, at six twelve, and eighteen months, with 6 per cent. interest. A deposit of $50 on each lot at time of sale, Conveyancing at purchaser's cost. REGINALD FENDALL, Trustee. STEIGER & LIEBERMANN, Auctioneers. mchis-eoddeds


Article from Daily Los Angeles Herald, May 23, 1879

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Article Text

w Mural Bruins Attempt ROSA, May 21.-Mrs. SANTA Ashcraft was fou d wounded her Solua invensible in H barn 011 morn* and In Rincon Valley this with H ranch She had been out times, ing. some BIX or seven condition. hatchet in a precarious 18 and 18 husband, John Ashe'aft suspected Her to be the perpetrator for di of outrage, as a suit the D.s the is pending in sern voice Court here. He was triet the burn a short time be- alto enter she was found Injured, and the fore terwards was seen to run from men A large party of and searched hills the neighborhood, and 10 o'clock be was found arrested about by a man named Hawkins, Rupe. turned over to Constable he and discovered just before made He was the al, and the crowd "hang got to for mm and shouted Com24 rush He was protected by and stable him." Rupe, Sheriff Bond The Major Loucks and locked up. excitement is intense. Converme and Revenue WASHINGTON, "May 21. - The toand Means Committee of Ways after passing two discussing bills a day, character and relat private without result, propositions indefito the duty OD quinine, in. ive postponed the resolution retroduced nitely by Chairman Wood of the garding the adjournment present The Committee session. agreed to the following Resolved, re-olution: That this Committee not consider at this session, will bills or joint resolutions affect- h any revenue, and that ail until su ing shall be laid over measures regular session in December. laid A the motion to reconsider was upon the table. Agair" or the Freedmas's NAVINER Bank, WASHINGTON, May 20.-TheSeof the Senate, ap to investigate all jeec potated Committee Freedman's matters Sav pertaining to the ingsand Trust Company, meathis morning. Every member was presSenator Bruce presiding. ent, Creswell, Leopoli and Purvis, Com- the missioners appointed under the of Congress to close up a act affairs of the institution, made statement of their operations to pre-enting schedules showing and the date, condition of the Company making suggestions as to the course future that should be pur-und in the with reference to two principal Items in the assets, viz : Real estate and noter; that the latter as were in process of collection, but to real estate they doubted whether would be possible to realize it it ut present without upon suffering heavy lose. They stated that a dividend of thirty per cent. had already been paid, and be that they hoped before long 10 of able toepay another div dend twenty per cent., making filly per cent. 111 all. They urged that, as means of enabling them to do this, the Government purchased the in Freedman's Bank building Washington, the greater part of which is DOW rented for the use Two of the Department of Justice. drafts of bills were submitted by to Commissioners designd the transfer the affairs of the company to the Comptroller of the Currency, such other officer it the Govern or ment HS Congress might direct. The Commissioners have hereto fore asked to be relieved from the duties Imposed upon them, and on submitting these bills reiterated that request. The Quvernmen and one WASHINGTON, May 21. - The House Committee on Indian Affair-has agreed to report favorably General Hooker's propo-ition refesing to the Court of Claims questions of difference arising out of treaty stipulations with the Choctaw nation. speparimental Dattee." Namily Horni Racia. NEW YORK, May 21.-The Tribune's Washington special say:: The Senate ailj burned over unil Tuesday to give Senators all opportunity to attend Departmental the duties." This is interpreted by irreverent as intended to give Sellators an opportunity to go to the races at Baltimore to-morrow. speaker Bauchess Wanty " Bitter risks NEW YORK, May 21.-The Her ald's Washington special says: Speaker Randall encourages a pro and Appropriation bill longed Army session, holds ought that struggle not the to be passed, and that the with the President ought to be as pronounced and bitter as possible. The Speaker has a good deal of In-