20218. Walhalla Bank (Walhalla, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1878
Location
Walhalla, South Carolina (34.765, -83.064)

Metadata

Model
gpt-5-mini
Short Digest
c0e2721a

Response Measures

None

Description

Articles (Keowee Courier 1878-03-21 and Yorkville Enquirer 1878-03-28) report the Walhalla Bank has closed its business and doors and after the first of April the bank will have no active existence. No run is described. Closure appears voluntary due to unprofitability (could not be run at 7% with expenses consuming over 3%), so classified as suspension leading to permanent closure (voluntary liquidation).

Events (1)

1. April 1, 1878 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed due to unprofitability: could not be run at seven percent because expenses consumed over three percent of capital stock; decided to cease active existence after April 1, 1878.
Newspaper Excerpt
The Walhalla Bank, after a successful career two years, has closed its business and doors. ... After the first of April the bank will have no active existence.
Source
newspapers

Newspaper Articles (2)

Article from Keowee Courier, March 21, 1878

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Article Text

readers will try it, as we aro of the opinthat the plan will accomplish what is for it: "Don't pay your pastor's salary. is an all important direction. Be sure to llow it closely. Although you promise to him a certain amount and at stated times, matter; don't pay, or only what you feel paying, and when it's perfectly conenient. Don't obey the Lord when he says, 'he laborer is worthy of his hire.' By and you will have the satisfaction of seeing church going down." Mr. S. W. Hill, of Horse Cove, N. e., made year at the rate of 900 bushels of Irish tatoes to the acre.-KROWEE COURIER. North Carolina has done better than that. years ago Mr. John Woodfin, of Asheville, uncombe County, made 1,200 bushels of Irish tatoes on one acre, and took a premium on crop at the State Fair. If we are not misour old and esteemed friend, Mr. Mont. now living near Asheville, was one of committee who measured the crop and rtified to it.-Union Times. The Walhalla Bank, after a successful career two years, has closed its business and doors. was well conducted, paid well and was a convenience and accommodation to our cople; but it could not be run at seven per the expenses consuming over three per on the capital stock. The final report of Cashier appears elsewhere, and after the of April the Bank will have no active extence. The notes of every person not paid by will be turned over to an attorney for llection and thirty per cent. interest is coletable by the contract. All had better come and pay, as the Bank will certainly oloso that day. R. S. Knight, Deputy U. S. Marshal, on Monmorning last arrested and safely lodged in Taylor Burton and James Moore for pedon contraband whiskey in the neighborof Westminster, at or near Parker's old mill place. A yoke of oxen and about teen gallons of corn whiskey were also capwith the parties above mentioned. We the officers of the law will be indefatigable their efforts in breaking up this illicit traffic liquor. Let all good citizens aid the officers the discharge of their duty in bringing to these offenders, and it will not be long this grent and dangerous evil in our immunity will have been stopped. We are told is getting to be quite a common thing for intraband whiskey wagons to be seen moving in various portions of our county, dealing their poisonous fluids to this and that one, regardless of the law and its conseLet our people resolve to put astop to and that quickly. Jennie Keith, an old colored woman, for years the slave and cook of Maj. Wm. Keith, died near Walballa on Thursday the 14th instant, at the age of 78 years, was buried at flat Rock (colored) Church Friday at 3 o'clock P. M. During slavery was a fivorite servant of Maj. Keith, and remarkable for her striet integrity and uthfulness. We have heard her owner say he would confidently intrust to her keep. any sum of money, and she was, during the keeper of the keys of the smokeand crib. She maintained after freethe same character for integrity and She was well known to the many ends of Maj. Keith, as his house servant to the time of his death. On account of faithfulness as a servant, he allowed her his will to select her owner among his ildren and strictly enjoined upon them her treatment through life. Since freedom has lived with her daughter, Lucy MoFall. A REMARKABLE RESULT.-It makes no ference how many physicians, or how much Coicine you have tried, it is now an estafact that German Syrup is the only medy which has given complete satisfaction sovere cases of lung diseases. It is true are yet thousands of persons who are adisposed to throat and lung effections


Article from Yorkville Enquirer, March 28, 1878

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Article Text

SOUTH CAROLINA NEWS. - Judge Cooke has been elected President of the Greenville Democratic Club. - In the month of February, there were shipped from Chester, over the Chester and Lenoir Railroad 620, bales of cotton. - Governor Hampton was born in Charleston on the 28th of March, 1818, and will consequently be sixty years of age to-day. - Mr. Wm. Thompson, of Abbeville, is the owner of a gander which it is claimed has attained the age of eighty years. - Speight's Daily Newspaper says that the crops of oats, wheat, rye and barley in Greenville county, are unusually promising. - The tax levy in the city of Greenville aggregates 21 mills, 28 follows: City tax, 61 mills; State and education, 6½ mills; county purposes, 3 mills; Air Line Railroad, 3 mills ; deficiency, 2 mills. - The election for Mayor and Aldermen of Columbia will be held on Monday next. Capt. W. B. Stanly is the Democratic candidate for Mayor. It is understood that the Radicals will vote for R. B. Elliott.: - The Walhalla Bank, after a successful career of two years, has closed its business and doors. It was well conducted, paid well and was a great convenience and accommodation to the people of that section, but it could not be run at seven per cent., the expenses consuming over three per cent., on the capital stock. After the first of April the bank will have no active existence. - Governor Hampton has accepted an invitation from the Central Democratic Club of Abbeville county, to visit Abbeville Court House on Friday next, and address the people of that county on the present political situation. All the local clubs of the county have been summoned to attend, and it is the expectation that a large crowd of people will be in attendance. - After consultation with Judge Thomson, Governor Hampton has decided to grant Robert McEvoy, the murderer of Col. Gregg, an additional respite until the 12th of April. The action of the Governor is based on legal grounds-it being conceded that the re-sentence of the condemned man was not pronounced in conformity with the requirements of the law. -Senator Cochran, Chairman of the Committee on frauds, stated in the Senate last week, that the Committee are in possession of information and evidence amply sufficient to convict ex Governor Chamberlain of the different offences with which his name has been connected. It is understood that so soon as Governor Hampton is satisfied of the correctness of the declarations, a requisition will be made for Chamberlain without delay. -On the day the legislature adjourned, the officers and attachés of the House of Representatives, through Major G. Lamb Buist, a member from Charleston, presented Speaker Sheppard with a handsome walking cane, as a token of their appreciation of him as a man and an officer. Speaker Sheppard replied in a handsome manner to the presentation speech of Maj. Buist, expressing gratitude to the donors, and testifying to the uni-