20045. Union Savings Bank (Columbia, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
August 30, 1878
Location
Columbia, South Carolina (34.001, -81.035)

Metadata

Model
gpt-5-mini
Short Digest
3bc23013

Response Measures

None

Description

Newspaper reports from Aug/Sep 1878 state that the stockholders adopted a resolution to suspend business and appointed a committee to wind up affairs; deposits small and thought secured. No run is mentioned and the language indicates permanent winding up.

Events (1)

1. August 30, 1878 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders adopted resolution to suspend business and appointed committee to wind up affairs; deposits small and believed secured.
Newspaper Excerpt
At a meeting of the stockholders of the Union Savings Bank, of Columbia, on Friday last, a resolution was adopted to suspend the business of the bank, and a committee was appointed to wind up its affairs. The deposits are small-about $10,000-and are supposed to be fully secured.
Source
newspapers

Newspaper Articles (2)

Article from Yorkville Enquirer, September 5, 1878

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Article Text

SOUTH CAROLINA NEWS. - A large sash, door and blind factory is about to be established in Spartanburg. - Governor Hampton is not expected to return to Columbia until about the 12th instant. - The Lancaster Ledger printing office, including the subscription list of the paper, is offered for sale. - By a majority of about eight hundred, Sumter county has voted in favor of a sub. scription to the Georgetown and North Carolina Narrow Gauge Railroad. The first bale of was sold at Rock Hill on Friday, 23rd ultimo, by Mr. J. M. Williford. It was purchased by J. M. Ivy & Co. - A mass meeting will be held at Cross Anchor, Union county, on the 14th instant, for the purpose of taking steps looking to the formation of a new county out of parts of Spartanburg, Union and Laurens counties. - Attorney-General Youmans and Col. Treutlen have returned to Columbia from Massachusetts, whither they had gone, hoping to return with Kimpton. They are said to be "mum and grum." - A store-house belonging to Mr. A. G. Floyd, located at Graham's, on the Spartanburg and Union Railroad, together with its contents, was destroyed by fire on Sunday night last. - The Rev. James Rosemond, the colored presiding elder of the Methodist Church in Anderson county, has requested the ministers in his district not to meddle with politics, but to give their whole attention to their ministerial duties. - At a meeting of the stockholders of the Union Savings Bank, of Columbia, on Friday last, a resolution was adopted to suspend the business of the bank, and a committee was appointed to wind up its affairs. The deposits are small-about $10,000-and are supposed to be fully secured. - The work on the Cheraw and Chester Railroad is progressing. The iron will be laid down and the cars running to Fishing Creek, eleven miles from Lancaster C. H., within the next ten days. A depot is to be built at Fishing Creek without unnecessary delay. - The Edgefield and Pine House Railroad Company, have secured seventy-five convicts from the South Carolina penitentiary, who will be employed in grading the road bed. The road is but eight miles long, and it is expected that the line will be in operation by Christmas. - Governor Hampton is yet at Cashier's Valley, N. C., and is reported as not being well enough to attend to business, if, indeed, at all benefitted from his trip to the mountains. He, however, announces his intention of entering the campaign just as soon as his health will permit, and hopes to be able to meet every appointment made for him. - On Friday of last week, Miss Nannie Faulkner, a young lady of Lancaster, S. C., who was visiting the family of Mr. A. G. Reid, in Providence township, Mecklenburg county, narrowly escaped death by taking a dose of morphia under the impression that it was quinine. Her life was saved with great difficulty. - The Charlotte Home of Friday says: Mr. W.J. Anderson, near Clay Hill, S. C., who lives in the burnt strip which runs through Mecklenburg and York, reports that the outlook of the crops is not 80 gloomy after all. Five weeks ago, it did not look as if the inhabitants could make a living, but the rains have revived things wonderfully. In his field, standing in one spot, he touched on one row with a yard stick, 21 full ears of corn. - A mass meeting of the Democratic Workingmen of Columbia, is advertised to have taken place on Tuesday night last, for the purpose of nominating a full ticket for the various offices to be filled at the coming election, composed of persons in sympathy with the aims and objects of the industrial classes, and especially to have one or more representatives from the mechanical element of Richland in the House of Representatives. The County Convention of the Demo-


Article from The Anderson Intelligencer, January 16, 1879

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Article Text

Hampton County Nominating Conven tion. 16. Democratic ward meetings in Charleston. Anderson Convention. 17. Rifle contest between Fusiliers and Hussars, Charleston. Visit of the Sumter Light Infantry to Wilmington N.C. 18. Meeting of the Charleston Cham ber of Commerce. The repeal of the bankrupt law and the regulation of railroads discussed. Democratic primary elections, Charleston. The Locklear brothers convicted of the murder of Frank Bryce near Bennettsville. 19. Severe storm in Orangeburg County. 20. Charleston County Democratic Convention. Milton Williams, a colored Democrat, brutally assaulted by Radical negroes in Abbeville. 21. Levy on city property, Charleston, at the suit of Parsons & Henry, New York, for past due interest on city stock. 22. Greenville County Democratic Convention. Democratic Nominating Convention in Charlesten. 23. Bloody affray at Allendale. J. S. Mixon wounded and E. R. Allen killed by E. M. Williams. 24. Return of the Azor with Mr. A. B. Williams, the News and Courier correspondent, from Liberia. 25. Susan Wright, colored, and her two children died of starvation near Roadsville, Charleston County. District Gonference M. E. Church at Cokesbury and at Sumter. Floral Fair at Cheraw opened. 26. Eighth annual session Darlington County Sunday School Convention at Timmonsvillee. 29. Solar eclipse visible in Charleston. 30. First annual meeting of the board of trustees of the Catholic Central School, Charleston. 31. Democratic State Convention met in Columbia. Radical Nominating Convention Aiken County met. AUGUST. 1. Reports received of yellow fever in the West. Timothy Hurley, ex-treasurer Charleston County, arrested. Hampton and State ticket nominated by the Convention. Republican primaries in Charleston. 4. Dedication of the church on Sullivan's Island. Cutting affray in saloon on Market street; Michael Curley seriously stabbed. 5. Radical Convention, Charleston. Sale of Bath Paper Mills, Aiken. 6. The first case presented to the Bond Court. Mrs. Edna Black murdered in Greenville. 7. Radical State Convention met at Columbia. H. H. Kimpton, ex-State financial agent, arrested at Westfield, Mass. The first bale of new cotton sold at Charleston. Meeting of the Columbia District M. E. Conference. 8. The Ladd murderers turned over to custody of the United States Court at Greenville. 9. Two hundred and sixty-seven illicit distillers surrendered themselves to the Federal Court at Greenville. 11. Centennial celebration Father John by Germans of Charleston. 12. Municipal election in Anderson. Hampton opened the campaign at Edgefield. Meeting at Anderson of the bondholders of the Greenville and Columbia Railroad. Bloody affray at Edgefield between Booker Toney and the Booth brothers; three men killed. 13. Joint meeting of the South Carolina Agricultural and Mechanical Society and the State Grange at Spartanburg. Eveberry Woodham shot and killed by A. E. Woodham near Darlington. First bale of new cotton received at Newberry. Meeting of the Darlington Agricultural and Mechanical Society. 14. Tremendous rain storm at Charleston portion of the city inundated rainfall 5.14 inches in two hours. 15. Alex. Dewitt hanged at Darling ton. Reunion of the 6th South Carolina Volunteer Survivors at Chester. 17. First bale new cotton at Camden. 18. Capture in Charleston of notorious gang of black burglars. 20. Destructive hail storm in Lancaster County. Receipt of first lot new Carolina rice at Charleston. Wm. H. Ghantt killed by Robert Snipes in Lancaster. Three negro children burned to death, Sumter County, near Lynchburg. First annual meeting of the South Carolina Sunday School Association at Greenville. 22. First bale new cotton received at Cheraw. Sheriff Jones, of Abbeville, disappeared. Democratic Convention, Newberry County. 23. Execution of John and Neil Locklear and Pompey Easterling, Bennettsville, for murder of Frank Bryce, 24. First bag Florida long staple cotton received in Charleston. Reunion of the students of Newberry College at Pine Grove, Orangeburg County. 26. Regatta at Augusta, victory for Palmetto Boat Club. Visit of Forest City Light Infantry, colored company, to Charleston. 28. Launch of the St. John's, the new Florida and Charleston steamer, at Wilmington, Del. First bale new cotton at Anderson. 29. The Azor sailed from Charleston with naval stores. Democratic Convention, Kershaw County. 30. Gov. Rice, of Massachusetts, refuses to honor Governor Hampton's requisition for H. H. Kimpton. Active measures inaugurated in Charleston for relief of yellow fever sufferers. Union Savings' Bank of Columbia suspended. Drs. Yates, Simons, Spencer and DeSaus sure volunteer for Memphis. SEPTEMBER. 2. Contract for building the Charles ton jetties awarded to Dolby & Bangs New York. The work of locating the line for the north jetty commenced by