20151. Bank of Marion (Marion, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 11, 1899
Location
Marion, South Carolina (34.178, -79.401)

Metadata

Model
gpt-5-mini
Short Digest
02c435ce

Response Measures

None

Description

Newspaper states the Bank of Marion has wound up and is solvent; stockholders decided to go out of business. No run is mentioned. This indicates a voluntary winding-up/closure rather than a suspension caused by panic.

Events (1)

1. January 11, 1899 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders decided to wind up the bank and go out of business despite solvency; voluntary winding-up/closure.
Newspaper Excerpt
The bank of Marion, S. C., has wound up. It is solvent, with a considerable amount of undivided profits on hand. The stockholders have concluded to go out of business.
Source
newspapers

Newspaper Articles (2)

Article from The Anderson Intelligencer, January 11, 1899

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Article Text

STATE NEWS. The State penitentiary has been directed to pay $10000 into the treasary on the 16th of January. The Chester Reporter states that Rev. E. P. Hatson. of. the South Carlina Conference, was recently robbed of $200. The Southern Christian Advoate has been moved to Columbia and will hereafter be published by the State Printing Company. The Legislature will 'elect a Superintendent of the State Penitenon the 17th instant. There are trary number of candidates for the posicion. - Last Sunday night the store of Hagood & Co. at Eisley, was entered Wm. by a burglar, who proved to be Groves, a negro, who was soon arrestand committed to jail. The bank of Marion, S. C., has wound up. It is solvent, with a considerable amount of undivided profits on hand. The tockholders have concluded to go out of business. Chesterfield Court House is prob- State the only county seat in the in that ably has not a single lawyer living only it. Hon E J Kennedy was the one and he died on Christmas day. Adjutant General Floyd announ- of Cothat John D. Frost, Jr., ces lumbia, will be appointed assistant was Adjutant General. Mr. Frost Caroadjutant and major of the 1st lina. The contract has been let for the the erection of a new Alumni Hall on at Campus of Furman University begin a of $15,000. Work is to and cost March 1st. It will be a large commodious two-story building. - The Supreme Court in the com- Lee case has decided that the duties missioners county of election had their Assemand so did the General duties defined and it was not one of the declare an of bly. the General Assembly to election. Governor Ellerbe has received Sum- from the clerk of court of is letters saying that smallpox ter prevalent county in the Maysville and The Lynch- dissections of the county. farm ease burg is confined to the negro hands so far. John L. Westmoreland, one and of oldest, most widely citizens known of the respected Greenville most highly county, died Friday If he night had home near Locust. have at his lived until February 1st he would been 91 years O. old. Barber, the father at his of Attorney Capt. Richburg General Barber, on the died morning of of home December at 24th, in the 69th paralytic year from the effects of a while on stroke his age, which came on him the day before. Messrs. farm Brawley has appointed and E. C. Judge James F. Redding of the receivers Hesse permanent Bank in Charleston. American bank Savings is in a hopeless condition heavily. The depositors will lose a bank and South the Carolina should have inspector. Coroner Rivers, of Charleston last year. inquests county, held eight were plain killings, Most of the cases number of the deaths although quite were a the results of senten- acciinvestigated And there was DO one yesTo dents. that county last by ced The to worst death criminals in escaped arrest flight and concealment. of Spartanburg, demanded from him - C. Q. the Scruggs, return of *1,000 as an worth origiof nal liquor package seized dealer. found He was no bill. indicted, Mr. of grand jury payment Miles had but the recommended the whiskey the been original used. the bill, board as agreed to pay $900. the cost The the liquor, about of The patriotic people section of the of Cow- this county pens - battle are clearing ground celebrating off the old the ground 119th preparatory of to the battle of They Cowpers are anniversary January 17. such sters aiming on Tuesday, on that the day proper to take observation Col. H.P. day in to of as will the secure been the requested future. address All a1e Griffith has occasion. on of the Revoluthe people descendants that Ledger. that invited, tion especially. P. Gaffney Thomas, in his rc- be as Col. State John historian, records shows of Core port complete Co1. federate has gotten soldiers from this State.


Article from The Anderson Intelligencer, January 11, 1899

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Article Text

STATE The State profitentiary has been directed to may <10 000 into the treasout the 16.5 of James The Chester Reporter statesthat !: E 1' Hatson. of the Smith Car wit presently robbed 15200 The Christian Aivo his time Sambia and will the published by the State Printing Company The will elect it ..! the State Peniten mary on the 17.10 instant. There number of candidates for the posi: 100. List Sunday night the store of Hagonad & (i. at Ensley, was entered by a burglar. who proved to be Wm. :roves a negro. who was soon arrest land committed (1) juit. The bank of Marion. S. C., has round up. It is solvent. with a con siderable amount of undivided profits hand. The stockholders have con cluded to go out of business Chesterfield Court House is probthe only county seat in the State that ably has not a single lawyer living in Hon E J Kennedy was the only one 11. and he died on Christmas day. Adjutant General Floyd announ that John 1. Frost, Jr., of Coees lumbia, will be appointed assistant Adjutant General. Mr. Frost was adjutant and major of the 1st Carolina. The contract has been let for the erection of a new Alammi Hall on the Campus of Farman University at a cost of $15,000. Work is to begin March 1st. It will be a large and commodious two-story building. The Supreme Court in the Lee county case has decided that the commissioners of election had their duties defined and so did the General Assembly. and it was not one of the duties of the General Assembly to declare an election. Governor Ellerbe has received letters - from the clerk of court of Suin- is ter county saying that smallpox prevalent in the Maysville and Lynchburg sections of the county. The die case is confined to the negro farm hands so far. John L. Westmoreland, one of the oldest, most widely known and of most highly respected citizens Greenville county. died Friday night had his home near Locust. If he lived until February 1st he would have been 91 years old. - Capt. O. Barber, the father of Attorney General Barber, died at his home at Richburg on the morning of December 24th, in the 69th year of his age, from the effects of a paralytic stroke which came on him while on his farm the day before. - Judge Brawley has appointed Messrs. James F. Redding and E. Hesse permanent receivers of the American Savings Bank in Charleston. The bank is in a hopeless condition and the depositors will lose heavily. South Carolina should have a bank inspector. - Corones Rivers, of Charleston county, held eight inquests last year. Most of the cases were plain killings, although quite a number of the deaths investigated were the results of accidents. And there was no one sentenced to death in that county last year The worst criminals escaped arrest by flight and concealment. - - C. Q. Feruggs, of Spartanburg, demanded the return of $1,000 worth of liquor seized from him as an original package dealer. He was indicted, but the grand jury found no bill. Mr. Miles recommended the payment of the bill, as the whiskey had been used. The board agreed to pay the original cost of the liquor, about $900. -- The patriotic people of the Cowbattle ground section of this county pens are clearing off the old ground preparatory to celebrating the 119th anniversary of the battle of Cowpers on Tuesday, January 17. They are aiming on that day to take such steps will secure the proper observation of as the day in the future. Col. H.P. Griffith has been requested to address a10 the people on that occasion. All invited, descendants of the Revolution especially.--Caffery Ledger. Col. John l'. Thomas, in his IC- as State historian shows that he port