21497. Merchants Bank of Alexandria (Alexandria, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1821*
Location
Alexandria, Virginia (38.818, -77.082)

Metadata

Model
gpt-5-mini
Short Digest
5a10e16f

Response Measures

None

Description

Multiple chancery notices (Nov. Term 1821) state trustees (Swann, Auld, Lee) to sell property, debts and effects under an assignment and bring proceeds to court. This indicates the bank had been assigned/placed in the hands of trustees and its assets liquidated — a suspension/closure rather than a simple run. No mention of depositor runs or reopening in the articles. I infer a closure via assignment/receivership (voluntary assignment) rather than a temporary suspension. OCR in sources shows small typos (e.g., 'Alexanaria' -> Alexandria) corrected.

Events (1)
1. November 1, 1821* Suspension
Cause
Voluntary Liquidation
Cause Details
Trustees appointed under an assignment to sell the bank's property, debts and effects and bring proceeds into court under deed of trust (assignment of assets).
Newspaper Excerpt
That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment
Source
newspapers

Newspaper Articles (8)
1. April 3, 1822 The Alexandria Herald Alexandria, VA
Article from The Alexandria Herald, April 3, 1822

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Article Text

MR. J. HEPBURN'S Confectionary store, King-street, Alexandria.13 Admittance 25 cents, children half price. Likewise for sale, MUSIC for all kinds of instruments, particularly for the piano forte, guifar, violin, songs, last received from Italy from the best authors, at the very lowest prices 3t* apr 3 DISTRICT OF COLUMBIA, Alexandria County, to wit : November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs and others-COMPLAINANTS. against Thomas Swann, Colin Auld, and Edmund I. Lee, and the Merchants Bank of Alexandria, and others-DEFENDANTS. The defendants, the Mechanics' Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several defendants to this suit, including the Banks in the Bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld, and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the thirteenth day of May, 1819 and that they bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, alter making said sale, report to this Court a full account of all their transactions under the said deed of trust, shewing the nett amount of disposable funds remaining in their hands subject to the trusts declared by said deed; and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart; EDM. 1. LEE, C.C. (A copy.) Teste.

2. April 4, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 4, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others-Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mechanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent ot the plaintiffs, and of the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the 13th day ot May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nett amount of disposable funds remaining in their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as tar as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. 1. LEE, C. C.

3. April 6, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 6, 1822

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Article Text

march 22 District of Columnia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mechanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patrioti Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones. their solicitor, and by consent of the plaintiffs, and ot the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill inentioned, or which may, in any manner. have arisen from the property and effects so assigned, upon the terms and in the manner provid ed in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nettamount of disposable funds remaining in their hands subject to. the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. 1. LEE, C.C.

4. May 4, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, May 4, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others-Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mechanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patrio: Bank, and the Central Bank of Georgetown and W ashington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provid ed in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nettamount of disposable tunds remaining in 'their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM I. LEE, C. C.

5. May 14, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, May 14, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Remulus Riggs & others-Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mecbanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects. claimed or held by them as trustees under the said assignment in the bill inentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nett amount of disposable funds remaining in their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as tar as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. 1. LEE, C. C.

6. May 25, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, May 25, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Komulus Riggs & others-Complainants AGAINST Thomas Swann, Colin Auld, and Edmund I Lee, and the Merchants Bank of Alex andria, and others-Defendants. The defendants, the Mechanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patrio tic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and ot the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nettamount of disposable funds remaining in 'their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. 1. LEE, C. C.

7. May 28, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, May 28, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others-Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The defendants, the Mechanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill mentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provided in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, sbewing the nettamount of disposable tunds remaining in 'their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. I. LEE, C.C.

8. June 13, 1822 Alexandria Gazette & Advertiser Alexandria, VA
Article from Alexandria Gazette & Advertiser, June 13, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs & others-Complainants, AGAINST Thomas Swann, Colin Auld, and Edmund 1. Lee, and the Merchants Bank of Alexandria, and others-Defendants. The detendants, the Mecbanics Bank of Alexandria, the Bank of Washington, the Bank of the Metropolis, the Patriotic Bank, and the Central Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several defendants to this suit, including the Banks in the bill named, as claiming preference, it is ordered, That the trustees, Swann, Auld and Lee, do proceed to make sale of all the property, debts and effects, claimed or held by them as trustees under the said assignment in the bill thentioned, or which may, in any manner, have arisen from the property and effects so assigned, upon the terms and in the manner provid= ed in the order made in this cause on the 13th day of May, 1819; and that thev bring the proceeds thereof into court, to be subject to their final order and decree, as directed by said order. It is further ordered, That the said trustees do, after making said sale, report to this court a full account of all their transactions under the said deed of trust, shewing the nett amount of disposable funds remaining in their hands subject to the trusts declared by said deed, and shewing also the amount of claims made upon them by creditors of said Bank, and stating, as far as may be in their power, the validity of such claims. And this suit abates as to James H. DulaDy, by bis death, and is dismissed as to John A. Stewart. (A copy:) Teste. EDM. 1. LEE, C. c.