Bank of Alexandria - Alexandria, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Alexandria, Virginia (38.818, -77.082)

Metadata

Model: gpt-5-mini
Short Digest: b2cb8752

Response Measures

None

Description

Article (1890) recounts historical events from the 1830s and states Meanwhile the Bank of Alexandria had failed. No run or reopening is described; the bank is described as having failed and its claim later transferred. Date of failure not precisely given in the article excerpt (occurs before 1836).

Events (1)

1. * Suspension

Cause Details: Article simply states the bank had failed in the historical narrative (no cause given).
Newspaper Excerpt: Meanwhile the Bank of Alexandria had failed.
Source: newspapers

Newspaper Articles (1)

1. October 25, 1890 The Times Richmond, VA

Article from The Times, October 25, 1890

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Article Text

that the Bank of Alexandria was one of the stockholders of the old Potomac Company, organized by General Washing. ton and others. The Chesapeake and Ohio Canal C. mpany took possession of the locks, works, &c., of the Potomac Company and assumed its indebtedness, and in April, 1834, resolved to provide for the payment of dividends to such creditors as should before the 1st of July, 1836, accept certain terms which the Canal Company then proposed. Meanwhile the Bank of Alexandria had failed. and this claim against the Potomae Company had been transferred to the Bank of Potomac, the Canal Company executing its bond to the Bank of Potomac for $7,986.83, with interest from January 1. 1836. Interest was paid on this bond up to July 1, 1840. After the retrocession of Alexandria to Virginia the Potomac Bank was merged into the Farm. ers Bank of Virginia, and this canal bond we t in as part of its assets. Nothing further has ever been paid upon it, and when the Farmers' Bank of Virginia was wound up by a receiver the bond was sold, and subsequently came into possession of Mr. Marbury. Mr. William Hall, of Leesburg, is dead. He was eighty years old. Mr.J. W. Klines, the big man of Calverten, out on the Midland road, died suddenly the other day. "Chantilly," the old farm of the Stuarts in Fairfax, has been sold to Mr. H. L. Halley. The mother of Mrs. R. R. Farr, of Fairfax, is dead, as is Mrs. S. J. Warren, wite of John S. Warren, of Marshall Hall, below here.