German Banking Company - Alexandria, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 8, 1886
Location: Alexandria, Virginia (38.818, -77.082)

Metadata

Model: gpt-5-mini
Short Digest: 061f046e

Response Measures

None

Description

Article (Evening Star, 1886-04-08) states the bank 'closed business after paying all its depositors in full' following its cashier's default and is settling with stockholders (dividends being paid). This indicates the bank had ceased operations and was liquidating rather than reopening. No run is described.

Events (1)

1. April 8, 1886 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier default discovered; bank closed business and paid depositors in full and is settling with stockholders (liquidation).
Newspaper Excerpt: The late German bank, whose cashier defaulted, and which closed business after paying all its depositors in full, is now occupied in settling up with its stockholders, who have received three dividends already.
Source: newspapers

Newspaper Articles (1)

1. April 8, 1886 Evening Star Washington, DC

Article from Evening Star, April 8, 1886

Click image to open full size in new tab

Article Text

The Courts. COURT IN GENERAL TERM. Yesterday, Lyons agt. Connecticut Life In- surance company; judgment below affirmed. Marr, administrator, agt. Kubel; argued and submitted. To-day, Springman agt. Baltimore and Po- tomac railroad company; on hearing. CIRCUIT COURT-Judge Hagner. Yesterday, Cook agt. Evans, administratrix; verdict for plaintiff for $5,000. Beall agt, Glas- cott: judgment by default. Haile agt. Silvester; verdict for defendant. EQUITY COURT-Judge Cox. Yesterday, Conley agt. Skaggs; sale finally ratified and cause referred to the auditor. To-day, Campbell agt. Hine; bill dismissed without prejudice. Fraser agt. Middleton; J. S. Edwards appointed trustee to release. Gaither agt. Smith; pro confesso against de- fendant ordered. Finney agt. Robinson; do. Cameron agt. Mitchell; final decree amending injunction. CRIMINAL COURT-Judge MacArthur. Yesterday, Lindsey Gillison, housebreaking; guilty; four months in jail. Abraham Jones, assault with intent to kill; guilty as indicted; three years in the penitentiary. Alexandria Affairs. Reported for THE EVENING STAR. THE HOOK AND LADDER TRUCK.-The fire wardens met yesterday afternoon and awarded the contract for the building of a hook and ladder truck to the Gleason & Bailey Manufac- turing company, of Seneca Falls, N. Y., part of the conditions of the contract being that the old Relief hook and ladder truck is to be deliv- ered in part pay for the new one. The new truck is to be here on or before July 1st. A DIVIDEND. -The late German bank, whose cashier defaulted, and which closed business after paying all its depositors in full, is now occupied in settling up with its stockholders, who have received three dividends already. The fourth dividend, ten per cent, wiil be paid on Monday. NOTES.-The Adamantine brick works of Alexandria county, near the Long bridge, have been sold to Messrs. Stephens & Lawrence, and work will be carried on briskly this season. School Trustee H. V. Collingsworth, of Jeffer- son district, Alexandria county, has resigned. -The runs in this neighborhood have been of late difficult to ford, and early this week Mr. H. C. Haight barely escaped with his life while crossing Cloud's mill run. -Mr. Harrison Jacobs, the well-known Prince street barber, is very ill.-Mr. John M. Johnson has employed Mr. W. F. Vincent to erect for him a handsome dwelling on Prince street, near Patrick street. -A Washington committee has been here making collections to assist in defraying the expenses of the emancipation celebration next week.