20016. Citizens Savings Bank (Columbia, SC)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
December 1, 1873*
Location
Columbia, South Carolina (34.001, -81.035)

Metadata

Model
gpt-5-mini
Short Digest
1b09e665

Response Measures

Full suspension

Other: Legal proceedings (creditor suit, injunctions) and voluntary bankruptcy leading to assignment to trustee and winding up.

Description

A creditor's suit (Watson) and resulting legal actions precipitated a threatened run. The bank, under advice of counsel, declared voluntary bankruptcy (Dec 1, 1873) and suspended operations; it did not resume normal operations and was wound up under bankruptcy/trusteeship, with dividends paid later and assets sold. OCR errors corrected (e.g., bankruptey -> bankruptcy).

Events (5)
1. December 1, 1873 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank, on advice of its counsel, entered voluntary bankruptcy/suspension to protect depositors and prevent assets being placed in hands of a receiver.
Newspaper Excerpt
THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice.
Source
newspapers
2. December 1, 1873* Run
Cause
Bank Specific Adverse Info
Cause Details
A creditor (J. L. Watson) sued the bank and demanded payment for a deposit; injunction proceedings and publicity led to a threatened run.
Measures
Bank and counsel proposed voluntary bankruptcy to defeat the threatened run and protect depositors' interests.
Newspaper Excerpt
It was learned that a certain party in Columbia, had been arming for a run on the bank.
Source
newspapers
3. January 26, 1874 Other
Newspaper Excerpt
the Citizens' Savings Bank, of South Carolina, bankrupt, has conveyed and assigned all its estate and effects whatsoever to me as Trustee, ... Dated at Columbia this fourth day of April, A.D. 1874. J. FISHER, Trustee, (advertisement dated April 4, 1874).
Source
newspapers
4. May 31, 1874 Other
Newspaper Excerpt
The Trustee of the Citizens' Savings Bank publishes ... A dividend of 25 per cent. has been declared, and will be paid on and after June 15.
Source
newspapers
5. January 4, 1875 Other
Newspaper Excerpt
SALE BY RECEIVERS. In the Matter of the Citizens' savings Bank of South Carolina... we will sell on Monday, the 4th day of January, 1875 ... property ... John Fisher, Trustee. WILLIAM JOHNSTON, Receivers.
Source
newspapers

Newspaper Articles (21)
1. September 28, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, September 28, 1873

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FINANCIAL-Money matters were easier, yesterday. The agreement eptered into by the banks works satisfactorily Those who were 30 Authorized as to control funds were either depositing or checking. The Carolina National received a liberal amount of deposits; while the Central bad bothing to complain of. The officers of the Bank and Trust Company were kent huar during the day, and found at the close of business but slight difference between their check and deposit accounts. Messrs. Edwin J. Scott & Son did their usual amount of business, The Citizens' Savings Bank had a fair amount of deposite. Altogether, we may safely say, that any disposition towards A panicky feeling, if such existed, has passed. The Columbia banks are sound. PHORNIXIANA.-A new prayer for Wall street-Remember those that are in bonds. A flower for Wall street brokers to cultivate-Glad-I-owe-less. All interest in the Modoce will be suspended with their leaders October 3. The only good rbyme for speculation -Peculation. We should estimate the character of others from our own knowledge, not from what we hear of them. E. E. Davies & Co., on Plain street, have just received another lot of those fine North Carolina cream cheese; also, a fine lot of Northern fruit. Fully aware of the wants of the public, they are now making extensive arrangements to furnish them during the fall and winter months with every variety of fish, oysters and game. MAIL ARRANGEMENTS.-The Northern mail opens 6.30 and 10..30 A. MR closes 8 A. M. and 6.33 P. M. Charleston opens 7 A. M. and 2.30 P. M.; closes 6.15 and 3 30 P. M. Western opens 6.30 and 9.30 A. M.; closes 9 and 6.30 P. ar. Wilmington opens 4.30 P. M.: closes 6 A. M. Greenville opens 6.45 P. M. closes 6 A. M. On Sunday the office is open from 91/2 to 101/2 A. M. RELIGIOUS SERVICES THIS DAY.-St. Peter's (Catholic) Church-Rev. J. L. Fallerton, First Mass 7 A. M.; Second Mass 101/6 A. M.; Vespers 41/2 P. M. Trinity Church-Rev. P. J. Shand, 101/2 A. M. and 5P.M. Lutheran Church-Rev. W. B. Yates, 101/2 A. M. Baptiat Church-Rev. J. K. Mendenhall, pastor, 11 A. M. and 8 P. M. Sunday School at 9 A.M. Marion Street Church-Rev. W. D. Kirkland, 101/4 A. M., and 8 P. M. Sunday School, 9 A. M. Washington Street Church-Rev o. A. Darby, 101/2 . M. and 5 P. M. Presbyterian Church-Rev. G. R. Brackett, 11 A. M. Rev. E. M. Green, 71/2 P. M,

2. November 26, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, November 26, 1873

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M. Western opens 0 A. 11. 12.30 P. ., closes 6, 1.30 P. M. Greenville opens 6.45 P.M.; closes A. M. Wilmington opens4 P. M.; closes 10.30 A. M. On Sunday open from 2 30 to 3.30 P. M. THE BANK CASE.-The following is Judge Carpenter's official order relative to this matter: STATE OF SOUTH CAROLINA. RICHLAND COUNTY-IN THE COMMON PLEAS.-John L. Watson, plaintiff, rs. the Citizens' Savings Bank of South Carolina, defendant. On the sworn complaint in this action, let the defendant show cause before me, at my chambers, in Columbia, on the third day of December, 1873, at 10 o'clock A M., or as soon thereafter as counsel can be heard, why an injunction should not be granted restraining its officers from paying out or in any way transferring or delivering to any person any of the moneys, property or effects of such corporation until the further order of this court; and at the same time, that the defendant do show cause before me why a receiver should not be appointed of the funds, property and effects of the defendant, with the usual directions, and why the plaintiff should not have such other relief as may be just. Ordered, further, that in the meantime, the defendant, its officers and agents, be restrained from paying out the funds or otherwise disposing of the property and effects of the said corporation. Let copies of this order and complaint be served upon the President, Vice-President or Casbier of said corporation. R. B. CARPENTER. (Signed) NOVEMBER 22, 1873. UNITED STATES CIRCUIT COURTCOLUMBIA, November 25, 1873.-The Court convened in the State Capitol, at 11 o'clock, How. Geo. S. Bryan presiding. The following grand jurors were sworn in: W. H. Jackson, foreman; B. F. Bates, Wilson Butler, L. N. Brown, Alfred Butler, Junius Chapman, Dover Davis, Allen Green, Reese Joyner, Alexander Riley, James Kennedy, Wm. Porter, J. D. Smart, A. W. St. Amand, Julius Trouche, James Nesbit, J. W. Watts, Jeremiah Yates, Richard Young. His Honor delivered an elaborate charge to the jury; when they retired, and, after a short absence, returned a true bill against Solomon Sewel, for retailing tobacco without the usual license. On motion of W. E. Earle, Esq., Messrs. Nathaniel Barnweil and Chas. H. Janney were admitted to practice in the United States Courts. The following petit jurors were sworn in: Jury No. 1.-R. L. Bryan, foreman; James Bampfield, Holman Caldwell, James H. Cook, C. E. Davis, T. D. Davie, H. J. T. W. Coleman, Spencer Daring, W. J. Duffle, Phillip Dozier, Geo. A. Darling, Christopher Haynesworth. Jury No. 2.-Wm. Perry, foreman; W. H. Kidd, Junius Littlejohn, Wm. Mooney, C. P. Pelham, Jr., J. B. Pollock, D. C. Peixotto, J. C. Roath, John J. Shiver. David Schwares, John L. Thornwell, J. B. Tolleson. Supernumeraries.-Henry Smith, J. W. Vinson, Simeon Young, Thomas H. Blackwell, James Simpson, William S. Hannahan, The Court then adjourned until today, at 10 o'clock A. M. LIST OF NEW ADVERTISEMENTS. E. J. Scott, Son & Co.-Notice. A Child's Nurse Wanted. Extra Meeting Palmetto Lodge. H. &S. Beard-Auction Sale. C.J Iredell-Notice. AN ENTERPRISING FAMILY.-A lady

3. December 3, 1873 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, December 3, 1873

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Card. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptey; under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors-who can thus, and thus only, have the management and control of its assets-instead of their being placed in the hands of a receiver, in whose selection they have no choice The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to Larter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object it is to obtain a controlling interest, to the destruction of the Bank, and the detriment of depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which in our opinion, will justify the wisdom and policy of the course adopted in their interest, and will suggest a plan, which, it heartily co-operated in by depositors and creditors will save them from loss. (Signed,) McMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA. S. C., Dec. 1, 1873. Dec. 3, 1873, 34-3t

4. December 3, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, December 3, 1873

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A Oard. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors-who can thus, and thus only, have the management and control of its assets-instead of their being placed in the hands of a receiver, in whose selection they have no voice. The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object is to obtain a controlling interest, to the destruction of the Bank and the detriment of depositors. We would further advise the depositors and creditore to retain their claims until the publication above referred to has been made, which, in our opinion, will justify the wis. dom and policy of the course adopted in their interest, and will suggest a plan. which, if heartily co-operated in by depositors and creditors, will save them from loss. (Signed,) McMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA, S. C., December 1, 1873. Dec 1 3

5. December 4, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, December 4, 1873

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A Gard. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors-who can thus, and thus only, have the management and control of its assets-instead of their being placed in the hands of a receiver, in whose selection they have no voice. The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object is to obtain a controlling interest, to the destruction of the Bank and the detriment of depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which, in our. opinion, will justify the wis. dom and policy of the course adopted in their interest, and will suggest a plan, which, if heartily co-operated in by depositors and creditors, will save them from loss. (Signed,) McMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA, S. C., December 1, 1873. Dec 1 8

6. December 4, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, December 4, 1873

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A Card. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors-who can thus, and thus only, have the management and control of its assets-instead of their being placed in the hands of a receiver, in whose selection they have no voice. The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object is to obtain a controlling interest, to the destruction of the Bank and the detriment of depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which, in our opinion, will justify the wis. dom and policy of the course adopted in their interest, and will suggest a plan. which, if heartily co-operated in by depositors and creditors, will save them from loss. (Signed,) McMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA, S. C., December 1, 1873. Dec. 8

7. December 4, 1873 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, December 4, 1873

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A CARD. to-day gone into voluntary bankruptcy, THE Citizens' Savings Bank of South Carolina under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors, who can thus, and thus only, have the management and control of its assets, instead of their being placed in the hands of a receiver in whose selection they have no voice. The officers of the bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object is to obtain a controlling interest, to the destruction of the bank and the detriment of its depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which, in our opinion, will justify the wisdom and policy of the course adopted in their interest, and will suggest a plan which, if heartily co-operated in by depositors and creditors, will save them from loss. McMASTER & LeCONTE, (Signed) Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. 3t 49 Columbia, S. C., December 1, 1873.

8. December 6, 1873 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, December 6, 1873

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# THE CITIZENS' SAVINGS BANK CASE.- The argument upon the very interesting case of the Citizens' Savings Bank was concluded, yesterday, before Judge Carpenter, sitting in Chambers. Mr. Magrath discussed, at length, the question of the jurisdiction of the Court, maintaining that the United States District Court could exercise none, under the peculiar circumstances. He said that, in his opinion, had the Judge in that Court known of the proceedings in the Circuit Court, he would not have entertained the consideration of it in his Court. It is a settled rule of Courts that, whenever there was possession, real or constructive, the cases must continue. When the order for temporary injunction had been made out, it was binding upon all parties. The defendants could do nothing but submit. They had no right to take the step which they did take. They cannot go elsewhere. The Judge's order, until reversed, is pro hac vice, the law to all concerned. Mr. Pope, of counsel for the defendants, urged that there was really no case before the Court. The proceeding was a nullity from beginning to end. It was not a case for a creditor's bill at all. Mr. Dibble closed the argument on the side of the plaintiffs. He discussed the question of injunctions, and the conditions under which they can be granted. He showed that those conditions did not exist in this case. He sustained the following positions: First, that the Circuit Court has no jurisdiction either in equity or by statute; secondly, assuming that it has, there are cogent reasons why it should not exercise the power; and, lastly, that the assets of the defendants are in such a condition that the Court cannot make an order in reference to them. The funds are in the hands of an officer of the United States Bankrupt Court, and are in the custody of that Court, and the Court had acted entirely within its jurisdiction. There is no way by which the funds can be withdrawn from it. The views of Mr. Dibble as to the injurious consequences to depositors, stockholders, and the public generally, which would result from the appointment of a Receiver by this Court, whose functions would necessarily conflict with those committed to the Registrar in Bankruptcy in another Court, were strongly put. The matter is in the keeping of the United States District Court, and there must remain. It had in no way infringed upon the rights of the Circuit Court. Each Court was independent of the other. Each must respect the other. The action prayed for by plaintiffs, if granted by this Court, would infringe upon the rights and prerogatives of the District Court, and lead to endless confusion and injury to parties in interest. Judge Carpenter said that he would take the matter into serious consideration, and render his decision on next Tuesday. He would give earnest attention to all the points presented, and weigh well the practical consequences of a conflict of interests and proceedings presented in the argument of Mr. Dibble as possible or likely to take place in the contingency pointed out. LIST OF NEW ADVERTISEMENTS. Duprez & Benedict's Minstrels. John Agnew & Son-Hardware etc

9. December 10, 1873 The Newberry Herald Newberry, SC
Article from The Newberry Herald, December 10, 1873

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A CARD. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors-who can thus, and thus only, have the management and control of its assets-instead of their being placed in the hands of a receiver, in whose selection they have no voice. The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerons combination, whose object is to obtain a controlling interest, to the destruction of the Bank and then detriment of depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which, in our opinion, will justify the wisdom and policy of the course adopted in their interest, and will snggest a plan, which, if heartily co-operated in by depositors and creditors, will suve them from loss. (Signed,) McMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA, S. C., December 1, 1873. Dec. 3, 48-3t.

10. December 11, 1873 Orangeburg Times Orangeburg, SC
Article from Orangeburg Times, December 11, 1873

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THE CITIZENS' SAVINGS BANK. It is to be regretted that this highly usefull, and respectable institution has been compelled to suspend its business operations. As an accomodation, and a facility in commercial affairs it has been appreciated, and met a large patronage. The branch at this point was most judieiously and courteously managed by its Cashier Jas. H. Fowles Esq., and we are expressing the voice of the people when we regret its suspension. As previously stated a demand was made at the counter of the main bank in Columbia, for a payment of a deposit made in the Yorkville branch by the county Treasurer of York. The demand was properly refused, until it could be ascertained that the, deposit had been made. Instant proceedings were made against the bank, and an injunction was granted by Judge Carpenter preventing further transactions, until the claim was paid. Meantime it was learned that a certain party in Columbia, had been arming for a run on the bank. To defeat this and protect the contingency of involuntary bankruptoy-the bank under the advice of its counsel proposed voluntary bankruptcy. This was taken by Judge Carpenter as a violation of his order of injunction. And a pretty war of argument ensued. The affairs of the bank under a rigid inspection of business men, were deemed solvent, and another course than even voluntary bankrup tey might have been found, had not counsel deemed the situation such as to demand it.

11. December 11, 1873 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, December 11, 1873

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A CARD. to-day gone into voluntary bankruptcy, THE Citizens' Savings Bank of South Carolina under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors, who can thus, and thus only, have the management and control of its assets, instead of their being placed in the hands of a receiver in whose selection they have no voice. The officers of the bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object is to obtain a controlling interest, to the destruction of the bank and the detriment of its depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which, in our opinion, will justify the wisdom and policy of the course adopted in their interest, and will suggest a plan which, if heartily co-operated in by depositors and creditors, will save them-from loss. McMASTER & (Signed) Attorneys for POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. 3t 49 Columbia, S. C., December 1, 1873.

12. December 17, 1873 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, December 17, 1873

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Accommodating Terms. # A Card. THE CITIZENS' SAVINGS BANK OF SOUTH CAROLINA has to-day gone into voluntary bankruptcy, under our advice. This advice has been given as the most effectual means of protecting the interests of its depositors and other creditors—who can thus, and thus only, have the management and control of its assets—instead of their being placed in the hands of a receiver, in whose selection they have no choice. The Officers of the Bank will, at an early day, publish a statement, giving full information of its affairs. We would warn depositors and creditors not to barter their claims to speculators and other interested parties, as we are informed there exists a most dangerous combination, whose object it is to obtain a controlling interest, to the destruction of the Bank, and the detriment of depositors. We would further advise the depositors and creditors to retain their claims until the publication above referred to has been made, which in our opinion, will justify the wisdom and policy of the course adopted in their interest, and will suggest a plan, which, if heartily co-operated in by depositors and creditors will save them from loss. (Signed,) MCMASTER & LECONTE, Attorneys for Petitioner. POPE & HASKELL, BACHMAN & YOUMANS, Of Counsel. COLUMBIA, S. C., Dec. 1, 1873. Dec, 3, 1873, 34-3t

13. December 18, 1873 Edgefield Advertiser Edgefield, SC
Article from Edgefield Advertiser, December 18, 1873

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THE ADVERTISER. Edgefield, S. c., Dec. 18, 1873. A Bank in a Narrow Stralt and a Judge In a Furious Rage. And, we might add, Attorneys on the brink of ruin. The matter attracts a great deal of public attention. It is, succinetly, this, One Watson calls upon the Citizens' Saving Bank of Columbia for some $900 deposited therein, or in some way due said Watson by said Bank. The Bank declines to pay the money. Hereupon, a Radical Ring, seeing, SO it is said, a chance to make a good thing, brings the Bank up before Judge Carpenter and seeks to throw its assets into the hands of a receiver. Judge Carpenter decides that his Court has jurisdiction of the case; and with him rests the appointment of the receiver. In the meantime the Attorney of the Bank, Col. McMaster, and Messrs. Le Conte, Pope, Haskell, Bachman and Youmans, his assistants, throw the Bank into voluntary Bankruptey, and publish a card in the Phoenix, explaining their motives and exhorting the creditors and: deposit Jrs of the Bank to be patient and trusting. A certain passage in this card enrages Judge Carpenter. He says it reflects upon his honor and honesty., He stamps like the big beast in Revelation, and, although the Attorneys explain, will not be appeased. The officers and directors of the Bank are cited-all in legal manner-to appear before him on Friday next to show cause why they should not be attached for contempt of Court, and the Attorneys, to show cause why their names should not be stricken off the role of attorneys in Judge Carpenter's circuit. As matters look now, the Attorneys will probably have trouble, but the Ring will probably notget the Bank's money.

14. January 13, 1874 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, January 13, 1874

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CITY LATTERS.-Subscribe for the PHENIX. CASH will be the rule at the PHENIX office hereafter. Gov. Moses has ordered the County Treasurers to extend the time when the penalty attaches for non-payment taxes to the 5th of February. Extensive preparations are making for the grand concert by Mr. Joseph Hart Denok. He will be assisted by Miss Feininger, Mr. Rawis and other wellknown amateurs. The weather on Sunday was the subjeet of observation and admiration-a clear blue sky overhead and dry earth beneath. Yesterday it was variable and fur from pleasant. The Governor has made the following appointments: Joseph O. Wyne, Jury Commissioner for Beaufort County, and W. C. Hanter, of Lancaster, Notury Public. Messrs. E. E. Davies & Co. have just received 3,000 orange; and lemons, direct from Florida. They propose to dispose of them at low figures. The fruit is large and fine. We are indebted to Mesars. Walker, Evans & Cogswell for an interleaved copy of Miller's Planters' and Merchants' Almanac for 1874. It is an old and reliable annual, containing much valuable information. The gentlemen appointed on the committee to carry out the objects of the public meeting held yesterday, are requested by the Chairman, Col. W. Wallace, to meet fat 12 M. to-day, in his office. The first through train from Baltimore to Savannab, over the Wilmington, Columbia and Augusta and connecting railroads, with sleeping care, passed through this city Saturday night, filled with Northern invalida for Florida. Our Charleston contemporary speaks knowingly of Fees, as it has a right to do. But its witon the subject is not equal to its experience. Fee-nir sorry, very. Try the changes on "Don't care a d-n for prinncipie-it is the money (or Fee) that we want." Our correspondent up the Greenville and Columbia Railroad is informed that both "Vidette" and "Bunker Hill" are gentlemen of the highest character, intelligence, and of large stake in the community. We will notice our correspondent's views more fully to-morrow. The Board of Directors of the Monument Association desire to announce that there will be an exhibition of tab-1 leaux vivants on Monday, January 19, for the benefit of the Monument Association. The tableaux will be followed by refreshments. Fall particulars will be published on Thursday, 15th. UNJUST PROCEEDING.-We understand that Mesars. F. W. McMaster, L. E. LeConte, J. D. Pope, A. C. Haskell, W. K. Bachman and L. F. Youmans, attorneys at law in this city, were, last evening, served with a notice from his Honor Judge Carpenter, that they were suspended from their duties as attorneys until they returned the assets of the Citizens' Savings Bank to the control of his court, and refunded the fees the bank paid them. It will be remembered that Mr. J. L. Watson, of York, sued the bank, and these gentlemen advised the bank to go into bankraptcy, with out asking permission of the Judge. An effort was made before the United States Court by the attorneys of Watson, to restore the assets to the jurisdiction of the State Court; but Judge Bond deoided that they were properly brought in the United States Court. GUNNING EXTRAORDINARY.bers of a certain comic opera company now performing in the South delighted some of our young men with specimens of their fancy shooting during an tended hunt yesterday. The game

15. January 15, 1874 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, January 15, 1874

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able for State taxes, to the amount of $231,996, which species of currency has been in circulation for several weeks. It seems that W. S. Monteith, a lawyer of Columbia, held for a client, a claim of $5000 against the State, in the form of a penitentiary warrant, which is now a subject of litigation. In order to "realize" on this claim, he offered to sell it to C. H. Baldwin, the Treasurer of Richland county, and to receive "certificates of indebtedness" in payment. It appears that it did not suit Baldwin to make the trade; and as another resort to secure the amount of the claim, Monteith threatened the State officials with an injunction against the county treasurers restraining them from receiving the "certificates of indebtedness" in the payment of taxes, unless the claim was paid. The "powers that be" still refused to pay the claim, whereupon Monteith applied to Judge Cooke for a temporary injunction, which was immediately granted. Soon afterward, Treasurer Cardoza published a card in the Columbia papers exposing the whole scheme, whereupon Judge Cooke ordered an immediate hearing of the case and rescinded the order previously made. The "certificates of indebtedness" now stand precisely as they did before proceedings were commenced. - The Columbia Phenix, of Tuesday, says: "We understand that Messrs. F. W. McMaster, L. E. LeConte, J. D. Pope, A. C. Haskell, W. K. Bachman and L. F. Youmans, attorneys at law in this city, were, last evening, served with a notice from his Honor Judge Carpenter, that they were suspended from their duties as attorneys until they returned the assets of the Citizens' Savings Bank to the control of his court, and refunded the fees the bank paid them. It will be remembered that Mr. J. L. Watson, of York, sued the bank, and these gentlemen advised the bank to go into bankruptcy, without asking permission of the Judge. An effort was made before the United States Court by the attorneys of Watson, to restore the assets to the jurisdiction of the State Court; but Judge Bond decided that they were properly brought in the United States Court."

16. January 21, 1874 The Newberry Herald Newberry, SC
Article from The Newberry Herald, January 21, 1874

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A Righ Handed Outrage. The following is au extraordinary decree of Judge Curpenter against certain lawyers named therein, for SGcalled contempt of the order and authority of his Court in the case of the Citizens' Savings Bank: The State of South Carolina, Rich land County-In the Common Pleas-John L Watson, plaintiff, against the Citizens' Savings Bank of South Carolina, DefendantRules against Attorneys,&e., Decree. Kales having been issued in the above stated case against J.D. Pope. A. C. Haskell, F. W. McMaster, L E. LeCoute, W. K. Bachman and L. F. Youmans, esquires, attorneys, solicicounsellors in this court, requiring them to show cause why they and such of them should not be adjudged to be in contempt of the orders and authority of this court, and why they and such of them should not be removed from their said offices of atforneys, solicitors and counsellors of the Circuit and Probate Courts of this State, and their names be stricken from the roll of attorneys of this court, and returns having been made by each of the respondents respectively It is, upon due consideration thereof, adjudged that each of said respondents is in contempt of the authority and orders of this court by reason of the several acts charged against him in the rules herein. And it is forther ordered, adjudged and decreed that each of the respondents be, and he is hereby, suspended from his office of attorney, solicitor and counsellor in the Circuit and Probate Corris of this State, and forbiddan topractice therein natil the property and effects of the Citizens' Savings Bank of South Carolina shall be POstored to the custody of this court; and until all few received by him since November 22, 1873, from the funds of said bank shall be restored to said bank and to the custody of this count. R. B. CARPENTER. Columbia. January 12, 1874 The substance is the matter is this: The gentlemen affected by this decrae were attorneys for the Citizens' Sav Bank J. L. Watson, plaintiff, applied to Judge Carpenter to appoint some one to réceive the assets of the Bank. These attorneys filed 8 petition fore Judge Bryan of the United States Court praying that the Back be adjadged a Bankrupt and that its assets be controlled by that court. which petition WSS granted. Now Judge Carpenter not liking 10 be fallible issued a rule against the said attorneys that they show cause why they should not be stricken from the roll of attorneys. These gentlemen answered disclaiming any intent on whatever of showing contempt of court in the matter, when the above decree was adjudged. When was Judge Carpenter made the supreme dictator of the har of South Carolina? Who is he that a lawyer when he takes a fee or gives advice must consult as to it is proprie. ty? The dignity of courts should be protected, but of what avail is it, when they are foremost in shackling the liberty they are designed to secure? Of course the Supreme Court will set aside the decree.

17. April 16, 1874 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, April 16, 1874

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Advertisement of Trustee. In the Matter of the Citizens' Savings Bank, of South Carolina, Bankrupt-In Bank. ruptcy. give notice that, by an indenture T bearing date the 26th January, one thousand eight hundred and seventy-four, the Citizens' Savings Bank, of South Carolina, bankrupt, has conveyed and assigned all its estate and effects whatsoever to me as Trustee, upon trust, for the benefit of all the creditors of said bankrupt, and that said conveyance was duly executed according to the provisions of the 43d Section of an Act of Congress entitled "An Act to establish a uniform system of bankruptcy throughout the United States," approved March 2d, 1867. Dated at Columbia this fourth day of April, A.D. 1874. J. FISHER, Trustee,

18. May 31, 1874 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, May 31, 1874

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When a man discontinues his local paper because he feels aggrieved at something in it, he merely transfers his name from the subscription list to that other list quite as large-those who borrow the paper every week; he never stops reading it. Our despatches inform us that Rev. J. R. Wilson and Rev. James B. Adger, Professors in the Theological Seminary at Columbia, have tendered their resignations to the General Assembly of the Presbyterian Church, now in session at Columbus, Mississippi. A. L Robertson, the convicted Beaufort County Commissioner, who recently escaped at Hopkins' Turn-Out, while on his way to the Penitentiary, was captured Friday morning by English Hopkins, in the above neighborhood, and forwarded to his destination. News was received in Columbia yesterday that a heavy rain storm had visited Timmonsville. It created as much excitement as a murder would have done, and as much joy as though Franklin J. Moses, Jr., had been convicted of grand larceny and sent to the penitentiary. Who is Tom Collins? We learn that the local editor of the Union was in search of him the other day, and went so fur as to consult the register of the Wheeler House. We thought he was sharper than that; especially, when we know that he has just returned from the land of sharpers. It has been suggested that the City Council might, with profit to the city and to the fire department, offer a premium to the company that first, gets into effective operation at a fire. This plan is pursued with great benefit in qther cities. Besides, it will make things lively with the competitors. Hot lemonade is one of the best remedies in the world for a cold. It acts promptly and effectively, and has no unpleasant after effects. One lemon properly squeezed, but in slices, is put with sugar and covered with half a pint of boiling water. Drink just before going to bed and do not expose yourself on the following day. The Trustee of the Citizens' Savings Bank publishes some interesting information to depositors, in this morning's issue. A dividend of 25 per cent. has been declared, and will be paid on and after June 15. This will be a great relief, in these days of money stringency and dullness of business, to those who have probably been in need since the suspension of the bank. What does it mean? Are all our male citizens still sweltering in their winter clothing? If so, why? Just look at our advertising columns, and see the summer clothing that is offered at almost bankrupt prices. Messrs. Swaffield, Kinard & Wiley and Epatin are all out in enticing business invitations. Walk up, gentlemen, and be suited. Pull off that heavy coat, thick pants and winter hat, and clad yourself in an outfit of summer apparel. Emanuel Walker, the newly-appointed Auditor of Lexington County, is being castigated in the house of his friends. The Union thinks just such men will be obstacles in the path of the Republican party during the approaching campaign--"thoroughly incompetent, with no qualification to commend them to the position." E. W. says the Union man and his friends have taken the turkey at each election, and given their supporters the buzzard; but things will change in the next election. We say, amen. # RELIGIOUS SERVICES TO-DAY. Presbyterian Church-Rev. Mr. Hemphill, 11 A. M. and 7½ P. M. Trinity Church-Rev. P. J. Shand, Rector, 11 A. M. and 5 P M. St. Peter's Catholic Church-Rev. J. L. Fullerton, first Muss 7 A. M.; second Mass 10½ A M.; Vespers 4½ Р. М. Second Baptist Congregat

19. August 8, 1874 The Daily Phoenix Columbia, SC
Article from The Daily Phoenix, August 8, 1874

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Malapropos, The resemblance which the UnionHerald would like to trace between the Freedman's Bank, at Washington, and the Citizens' Savings Bank, at Columbia, does not exist in fact. What either will pay the depositors remains yet to be seen. The possibility of paying anything on the part of the former is due, if we are not mistaken, to the action of disinterested parties, who have protected the freedmen against those who, par excellence, claimed to be their friends. The Citizens' Saving) Bank has already paid twenty-five cents in the dollar, and has ordered twelve-and-a half cents more to be paid on the 1st of September. One of the causes of its embarrassment is due to the failure of the South Carolina State Government to pay an important claim that it has against it. It was directly and strongly affected in its solvency and strength by the bankrupt condition of the State. If there has been any mismanagement on the part of those in charge of its affairs, (and we don't know that there has been,) no imputation that we know of has been made upon their integrity. The allusion to the names of a distinguished Confederate General and of his successor are particularly unjust. Not the slightest stain rests upon them. As to the financial troubles of the bank, they were, no doubt, due principally to the "panic," which struck it inopportunely, delivering its whole force in this place on this one banking institution. Others, perhaps, were saved by it, or relieved at least. There is no likeness that we can see between it and the Freedmen's Bank, except, perhaps, that each, to its sorrow, credited the Government or Government officials where it was located-the one the General Government at Washington, the other the State Government of South Carolina.

20. January 2, 1875 The New York Herald New York, NY
Article from The New York Herald, January 2, 1875

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SALES AT AUCTION. RT SALE. A 113 Paintings of the HASELTINE COLLECTION. comprising the works of celebrated modern masters, to be sold peremptorily without any reserve. Now on exhibition day and evening at the Leavitt Art Rooms, 813 Broadway to be sold by auction Thursday evening. January 7, commencing at 7 1/2 o'clock, at the Art Rooms. VERY IMPORTANT NOTICE. Mr. Haseltine begs to announce that every painting in this catalogue will be peremptorily sold without reserve, and the public may depend upon this being carried out in every particular. The Mesars. LEAVITT, Auctioneers. SSIGNEE'S SALE OF BOOT AND SHOE STORE. A FRANCIS FITZSIMMONS, Auctioneer, will selt on Saturday, January 2, 1875, at 11 o'clock. the entire stock of Boots, Shoes and Trunks contained in store 514 Third avenue, near Thirty-fourth street: also Store Fixtures. By order of Felix Boylan, Assignee. MAX BAYERSDORFER, AUCTIONEER, SELLS B 10 o'clock, 88 Hester street. Grocery and Crockery Store, in lots: dealers invited: good stock. MAX BAYERSDORFER'S Office, 96 First street. C HAS. PEYSER, AUCTIONEER, SALESROOM 38. Catharin street, selis this day, January 2, at 10 o'clock. at 156 avenue A, corner of Tenth street. all the Contents ot a Boot and Shoe Store, together with the Fixtures, Carpets, &c. Dealers invited. S. WEINBERGER. AUCTIONEER, SELLS THIS I. day, Saturday, January 2, at 101/2 o'clock. at 151/2 Bowery, variety of general Merchandise two iron safes. one upright Piano, a general assortment of Liquors and Wines, 18,000 Partaga Cigars, Smoking Tobacco, &c. LEVI. AUCTIONEER, OFFICE 76 BOWERY, J. will sell this dav. at 101/2 o'clock. the Fixtures of a: first class saloon, at 232 Broome street-viz, elegant Counter, Tables, Chairs, Chandeliers, &c., positively in lots. Dealers invoiced: NUSSBAUM, AUCTIONEER, 217 CANAL M. street sells this day, at 101/2 o'clock, corner First avenue and Nineteenth street, the Contents of a Liquor Store, splendid Bar, Back Bar, Showcase, Mirror. Liquors, &c. Dealers invited. ALUDA COTTON FACTORY. NEAR COLUMBIA, S. C. S Sale by Receivers. In the Matter of the Citizens' savings Bank of South Carolina, Bankrupt--William Johnston, Petitioner. vs. John Fisher, Trustee of the Citizens' Savings Bank. et al. Pursuant to the decretal order of the Hon. George S. Bryan. United States Judge for the District of South Carolina, dated the 15th day of October, 1874, in the above stated cause, we will sell on Monday, the 4th day of January, 1875, between the hours of eleven (11) o'clock in the forenoon and three (3) o'clock in the afternoon. in tront of the Court House, for the county of Richland, in the city of Columbia, S. C., the following Property, to wit:The undivided Seven-thirtieths (7-30) of the Lands, Tenements, Easements, Hereditaments, Fixtures. Tools, Machinery and Appurtenances constituting the Property known as the Saluda Factory. the same being the interest of John Fisher, Trustee-therein, Also the undivided One-Tenth (1-10) of the Lands, Tenements, Easements, Hereditaments, Fixtures, Tools, Machinery and Appurtenances constituting the property known as the Saluda Factory, the same being the interest of John B. Palmer therein. The said factory is located in the county of Lexington. on the western bank of the Saluda River, about three (3) miles from the city of Columbia, and has now in active operation six thousand five hundred (6,500) spindles, to which is attached two hundred and thirty-five (235) Acres of Land, lying on both sides of the Saluda River, which enables the power to be very largely increased. with but a little outlay, to several thousand horse power. Either of the above interests can be treated for at private sale on or before the 1st day of January next, the former by applying to John Fisher. Trustee. at Columbia, 8. C., and the latter by applying to A. G. Brenizer, Assignee. at Charlotte, N. C. Terms ot sale, one-third cash and the balance in a credit of one and two years. secured by bond and mortgage bearing seven (7) per cent interest. Purchasers to pay for all papers. WILLIAM JOHNSTON, Receivers. JOHN FISHER, COLUMBIA, S. C.

21. March 4, 1881 The Weekly Union Times Union, SC
Article from The Weekly Union Times, March 4, 1881

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# THE CITIZENS' SAVINGS BANK This institution has finally been wound up by the discharge of the Trustees and Committee of Creditors, un ran order of the United States Court, on the Ith of February, 1881. The Bank had been conducted with great success and benefit to the community, chiefly by that able financier, Col. John B. Palmer, when, in 1873, taking advantage of the general financial distress of the country, a run was precipitated by J. L. Watson, and insolvency proceedings were had, in the Richland Circuit Court, for the purpose of placing the Bank in the hands of J. L. Neagle, as Receiver, a la Bank of the State. To defeat this wrecking scheme Messrs. Pope & Haskell, Bachman & Youmans, and McMaster & LeConte were employed, and they at once took steps to place the corporation in bankruptcy. Judge Carpenter adjudged this to be a contempt of his Court, and issuing an attachment dis-barred these attorneys. Thereupon Col. Rion was employed, who appearing for a New York client and as an attorney in the United States Court only, was beyond the reach of the State Court. He applied to Judge Bryan, who promptly granted an injunstion against the plaintiff and all executive officers of the State Court. From this injunction aft appeal was taken to Judge Bond, and a hearing liad in Charleston, Judge Magrath. C. D. Melton and W. H. Trescot appearing for the jurisdiction of the State Court; and Col. Rion, Jos. D. Pope and Col. MeMaster for the Bankruptcy jurisdiction. Judge Bond, in an able decision, sustained Judge Bryan's action and vindicated the course taken by the attorneys who had been disbarred. The Supreme Court of the State subsequently reversed the disbarment of the eminent counsel, with whom all the good citizens of the State had been deeply sympathizing. The corporation being thus safely out of the State Court, the proceedings in Bankruptcy were superseded by the appointment of the following gentlemen of high standing as a committee of creditors; Samuel MeGowan, Jos. B. Kershaw, L. J. Jones, 1. D. Witherspoon, Isaac M. Bryan, Robt. E. Fraser, John H. Evins, C. M. Miller, John Meighan, Louis D. DeSaussure, Thos. B. Fraser, Samuel Dibble, Jas. H. Rion. The last five of these were constituted an Executive Board. Dr. John Fisher was selected as Trustee, and, upon his death, he was succeeded by Col. Louis LeConte. The administration of the committee has developed the fact that the Bank was in a solvent condition when the attack was made. For, notwithstanding the forced sacrifice of good assets, the great expense of Bankruptcy and of litigation, and the large amount of debts that had to be paid in full, being secured by collaterals pledged, there has been paid in all $870,543 to depositors, being 56 per cent. of their claims. Povides tills, a sum of $2,533 was paid into the United States Court, as dividends not called for, and $299 were paid in as a surplus to pay final Court expenses. The committee of Creditors may, perhaps, complain that they were raided upon by the Legislature, three of their number having been made Judges during their administration, but they met with no other mishap. The history of the Citizens' Saving Bank case presents a bright exception to the usual result of winding up Saving Banks, and speaks volumes for the ability and integrity of the Trustees and the Committee. A portion of the legal history of the case can be found reported in 5 So. Ca., 159; 11 N. B. R. R., 161, and in 2 Hughes, (U. S. C. R.) 200.