21473. Farmers and Mechanics' Savings Bank (Alexandria, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1886*
Location
Alexandria, Virginia (38.818, -77.082)

Metadata

Model
gpt-5-mini
Short Digest
be128575

Response Measures

None

Description

Newspaper texts indicate the bank was a 'broken bank' and directors were later held liable in court and ordered to pay amounts to the receiver (reports filed March term 1886). No article describes a depositor run prior to suspension; the evidence indicates a failure/closure with subsequent receivership and legal proceedings.

Events (2)
1. March 1, 1886* Receivership
Newspaper Excerpt
do pay to the receiver in this cause ... out of their own proper goods and chattels ... the sum of thirty eight thousand five hundred and seventy-four dollars ... with interest ... That ... do pay to the receiver in this cause ... the sum of thirty thousand nine hundred and seventeen ... part of the foregoing ... with interest ... part thereof from the fifteenth March, 1886, until paid. (decree ratifying report of special commissioner and ordering payments to receiver).
Source
newspapers
2. March 1, 1886* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Described as a 'broken bank' with losses for which directors are being held responsible; insolvency/financial failure of the bank led to suspension/closure.
Newspaper Excerpt
the Farmers and Mechanics' Savings bank-an action to hold the directors responsible for the deposits of the broken band
Source
newspapers

Newspaper Articles (2)
1. September 29, 1886 Evening Star Washington, DC
Article from Evening Star, September 29, 1886

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Article Text

Alexandria Affairs. Reported for THE EVENING STAR CIRCUIT COURT.-The circuit court, Judge Keith, continues in session. It has divorced Ma mie G. Hummelshime nee Edelin from G. B. Hummelshime, who deserted her seven years ago. A verdict for $23 in favor of Jas. Duncan, against G. A. Orrison was for money staked on a horse race from which, Duncan withdrewhis horse, has been rendered. The case of Marshall vs. the Farmers and Mechanics' Savings bank-an action to hold the directors responsible for the deposits of the broken band is set for trial next Friday. The railroad case growing out of the Four Mile Run disaster which had been fixed for a trial next week, has now been continued until the next term of the court. COUNTY COURT.-The county court will not sit again until Friday. Wm. H. Bundy has been tried and fined $5 for assault. On Friday it is expected that all the parties against whom indictments have been found at this session of the court will come in or be brought in for bail. The grand jury will indict Justice Drummond and Constable Green for obstructing justice. The last indictments found by the grand jury were against W.R. Freeman for cutting and W. C. Johnson for selling liquor. The court will sit next week, as Judge Cuichester has considerable business before him. NOTES.-Ex-Tax Collector William Dixon, of Washington, who died a few days ago, was, like many thousands of the population of the capital, an Alexandrian. He was a son of Mr. Dixon, who kept a store at the landing place of the steamer Joseph Johnson, between Cameron and Queen streets, and he served his time with Suyder, at the business of a tinsmith, but afterwards went to Washington and engaged in business.-The contract for the Princess street sewer has been awarded to B. F. Feeley at $4.60 per lineal tootand $200 for the alterations to be made on Pitt street. The other bidders were P. R. Evans, W. H. Breen, F. K. Bradshaw and some fictitious names.-The Evangelical Ministers' alliance here have passed resolutions commending Rev. Dr. Flippo, the late Baptist pastor here, to the Columbian community at Roanoke, Va.-The funeral of Mrs. Annie E. Sabine, who died at Madison, Conn., took place here this afternoon from the residence of her father on Patrick, near Queen street.-The roo. of the Capital brick yard machine shed caught fire and was burned off about 11 o'clock this morning.

2. January 31, 1889 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 31, 1889

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Article Text

in the GAZETTE on Monday : shall VS. Decre Farmers and Mechanics' avings Bank and others. day came again the parties by t and the court having matur sidered the transcript of the record decree aforesaid and the argument is of opinion, for reasons state and filed with the record that Court of Alexandria city erred in of March 30th, 1887, appealed f in eustaining the exceptions file report of special Commissioner A filed at the March term, 1886, of court, and in overruling the said re as it finds the directors of the Fs and Mechanics' Savings Bank, of A or any of them personally respo for the losses sustained by the bank, the said court erred in its said decre that no such dereliction of duty part is shown as to fix upon them e sonal liability, and in dismissing the the said directors and the personal entatives of such of them as are d court doth, therefore, adjudge and that the said decree be reversed and in SO far as it is herein declared t oneous and otherwise affirmed. At urther decreed and ordered that the Andrew Jamieson, William Co anuel Francis, John P. Agnew, Ro jr., Lewis Stein, Lewis McKer Tacey, executrix of Jefferson Ta eased, Charles Grabam, administrato C. Graham, deceased, John J. Ja and J. Calvin Stewart, executors of J Stewart, deceased, do pay to the ap his costs by him expended in the pr of his appeal aforesaid here. court, proceeding to render such de the said Circuit Court of Alexandria to have rendered, doth further and order that the report of spe mmissioner Armstrong, filed at term, 1886, be ratified firmed and that the exceptions said report filed in the cause be o and proceeding to decree upon dings in the said report it is further and ordered that Andrew Jamie Bell, jr., William Cogan and Job and J. Calvin Stewart, execu John W. Stewart, deceased, do pay 10 in this cause, the said And mieson, Robert Bell, jr., and Will out of their own proper goods attles, and the said John J. Jamieson Calvin Stewart out of the goods and o belonging to the estate of John wart, deceased, in their hands to be nistered, the sum of thirty eight thou bundred and seventy-four dollars riy-two cents, with interest on twe thousand dollars and six ca thereof from March 15, 1886, until I That Lewis Stein, John P. Agnew arles Grabam, administrator of John deceased, do pay to the rece this cause, the said Lewis Stein, and : Agnew,out ,out of their own proper goods and the said Charles Graham the goods and chattels in his h: longing to the estate of John C. Gra be administered, the sum of thirty usand nine hundred and seventeen and nine cents, (part of the foreg of $38,574 72) with interest on two thousand three hundred dollars cents, part thereof from the fifteenth March, 1886, until paid. And that L Kenzie, and Maud Tacey, executri ferson, deceased, do pay to the rece this cause, the said Lewis McKenzie, own proper goods and chattels, goods the of out Tacev Mand said