21499. Merchants' Bank of Alexandria (Alexandria, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1822
Location
Alexandria, Virginia (38.818, -77.082)

Metadata

Model
gpt-5-mini
Short Digest
c2c1bf5b

Response Measures

None

Description

Multiple legal notices (Apr–Jun 1822) refer to the late Merchants' Bank of Alexandria and trustees (Swann, Auld, Lee) appointed to sell the bank's property and report on claims. This indicates the bank had ceased operations and its assets were being liquidated under chancery/assignment. No newspaper text describes a depositor run or temporary suspension; the bank appears permanently closed and in trusteeship/receivership. Dates: sale advertised for June 1, 1822 and postponed to June 13, 1822. OCR errors corrected (e.g., 'Alexanaria' -> Alexandria).

Events (1)
1. June 13, 1822 Receivership
Newspaper Excerpt
we shall sell, by public auction, all the property, debts and effects... as trustees of the late Merchants' Bank of Alexandria... The sale of the above property is postponed till the 13th of June, at the same place and hour.
Source
newspapers

Newspaper Articles (10)
1. April 9, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 9, 1822

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Article Text

District of Colu...Us... 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, de 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 ot bring the proceeds to 13th day May, final thereof 1819; order and into and that court, decree, they be subject to their 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 to said and amount deed, subject shewing the trusts also declared the by 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. N pursuance of the foregoing order, and I of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee town on the ten turday House, in the first day of of Alexandria, June next, at Sao'clock, A. M. we shall sell, by public all the or manner us conveyed auction, to, property, in any debts vested and effects in as trustees of the late Merchants' Bank of Alexandria-one fourth part of the pur chase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh. to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deem safe. THOS SWANN, Trustees. EDM I. LEE, COLIN AULD, 8w april 4

2. April 11, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 11, 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 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 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 of May, 1819; and that thev the to to their be bring subject day proceeds final thereof order into and court, decree, said order. It is further That the trustees ordered, as directed by said this court do, after full making said sale, report to a account of all their transactions under the said deed of trust, sbewing 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.I.LEE, C.C. N pursuance of the foregoing order, and of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee the town on the turday House, in first day of of Alexandria, June next, at Sa- ten o'clock, A. M. we shall sell, by public all the or in manner us auction, conveyed to, property, any debts vested and effects in as trustees of the late Merchants' Bank of Alexandria-one fourth part of the pur chase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deem safe. THOS, SWANN, Trustees. EDM I. LEE, COLIN AULD, 8w april 4

3. April 15, 1822 The Alexandria Herald Alexandria, VA
Article from The Alexandria Herald, April 15, 1822

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Article Text

DISTRICT OF CO UMBIA, Alexandria County to wit : November Term, 1821, 31st day. IN CHANCERY. Romulus Riggs and others-COMPLAINANT& 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 Cen. tral Bank of Georgetown and Washington, appeared, by Walter Jones, their solicitor, and by consent of the plaintiffs, and of the several de. fendants to this suit, including the Banks in the Bill named, as claiming preference, it is ordered, That the trnstees, 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, 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. Dulany, by his death, andis dismissed as to John A. Stewart; (A copy.) Teste. EDM. I. LEE, c.c. pursuance of the foregoing order, and of IN the order of 13th May, 1819, therein mentioned, at the Merchants' Coffee House in the town of Alexandria, on Saturday the first day of June next, at ten o'clock A. M. we shall seil, by public auction, all the property, debts and effects, conveyed to, or in any manner vested in, us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12, and 18 months, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deem safe. THO. SWANN, Trustees. EDM. I, LEE, COLIN AULD. april 3 8w

4. April 16, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 16, 1822

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Article Text

District of Columbia, Alexanaria County, to wit: November Term, 1821, 31st day. IN CHANCERY. Romules Riggs & others-Complainants. AGAINST Thomas Swann, Colin Auld, and Edmund J. 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, 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 bis death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. I. LEE, C.C. N pursuance of the foregoing order, and I of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee House, in the town of Alexandria, on Saturday the first day of June next, at ten o'clock, A. M. we shall sell, by public auction, all the property, debts and effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria--one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deem,safe. THOS, SWANN, Trustees. EDM. I. LEE, COLIN AULD, 8w april 4

5. April 18, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 18, 1822

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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 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 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. Dulaay, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. I. LEE, C.C. pursuance of the foregoing order, and IN the order of 13th May, 1819, therein mentioned, at the merchants' Coffee House, in the town of Alexandria, on Saturday the first day of June next, at ten A. M. we shall sell, by public all the or in manner us auction, conveyed o'clock, to, property, any debts vested and effects in as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deemisafe. THOS, SWANN, EDM. I. LEE, Trustees. COLIN AULD, 8w april 4

6. April 20, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 20, 1822

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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 they the to be to their bring subject proceeds final thereof order into and court, 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. Dulany, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM.I.LEE, C.C. pursuance of the foregoing order, and IN the order of 13th May, 1819, therein mentioned, at the merchants' Coffee on ten turday House, the in the first town day of of Alexandria, June next, at Sao'clock, A. M. we shall sell, by public auction, all the property, debts and effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the 12 residue in three equal instalments at 6, and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deemisafe. THOS, SWANN, Trustees. EDM. I. LEE, COLIN AULD, 8w april 4

7. April 23, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 23, 1822

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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 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 as claiming That the trustees, it is the ordered, bill named, preference, 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 bis death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM.I.LEE, C.C. pursuance of the foregoing order, and IN the order of 13th May, 1819, therein mentioned, at the merchants' Coffee the town on the ten turday House, in first day of of Alexandria, June next, at Sao'clock, A. M. we shall sell, by public all the auction, property, debts vested and effects in conveyed to, or in any manner us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deemssafe. THOS, SWANN, Trustees. EDM. I. LEE, COLIN AULD, 8w april 4

8. April 25, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, April 25, 1822

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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 Mecbanics Bank of Alexandria, the Bank of Washington, of the Metropolis, the Patriotic the Central the Bank, Bank and Bank of George- Waltown and Washington, appeared, by their consent and ot the ter of the Jones, plaintiffs, solicitor, and several by the Banks defendants to this suit, including 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 et 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 to the trusts and said deed, subject shewing also declared the amount by 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. Dulaay, by bis death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM.I.L.EE, C.C. N pursuance of the foregoing order, and of the order of 13th May, 1819, therein I mentioned, at the merchants' Coffee in the town on the ten turday House, first day of of Alexandria, June next, at Sao'clock, A. M. we shall sell, by public auction, all the property, debts and effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 raontsh, to be secured by such good and sufficient personal security, with a reserved hen upon the premises, as we shall deem;safe. THOS, SWANN, Trustees. EDM I. LEE, COLIN AULD, 8w april 4

9. May 11, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, May 11, 1822

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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 tic Bank, and the Central Bank of George town 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, 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.I.LEE, C.C. pursuance of the foregoing order, and I of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee House, in the town of Alexandria, on Saturday the first day of June next, at ten o'clock, A. M. we shall sell, by public auction, all the property, debts and effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the pur chase money to be paid in cash, and the residue in three equal instalments at 6, 12 and 18 montsh, to be secured by such good and sufficient personal security, with a reserved lien upon the premises, as we shall deem safe. THOS, SWANN, Trustees. EDM. I. LEE, COLIN AULD, 8w april 4

10. June 1, 1822 The Alexandria Gazette Alexandria, VA
Article from The Alexandria Gazette, June 1, 1822

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AUCTION SALES, Sc. 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 of 1. andria, Lee, and and the others-Defendants. Merchants Bank Alex. The defendants, the Mechanics Bank of Alexandría, the Bank of Washington the Bank of the Metropolis, the Patrioiic Bank, and the Central Bank of George. town ter Jones, and Washington, their solicitor, appeared, and by by consent Wal. of the plaintiffs, and of the several to in as fendants the bill named, this That suit, the claiming including preference, the Banks de. it is ordered, trustees, Swann. to make of Auld all and the Lee, property, do proceed debts and effects, sale claimed or held by them as trustees under may, any manner, the or which said assignment in in the bill bave mentioned, 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 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, after making said sale, report to this court a full account of all their transactions under said of disposable deed of trust, funds shewing remaining the nettamount in their the 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. Dula ny, by his death, and is dismissed as to John A. Stewart. (A copy.) Teste. EDM. I. LEE, C.C. IN pursuance of the foregoing order, and of the order of 13th May, 1819, therein mentioned, at the merchants' Coffee House, in the town of Alexandria, on Sa. turday the first day of June next, at ten A. M. we all the o'clock, auction, property, shall debts sell, and by public effects conveyed to, or in any manner vested in us as trustees of the late Merchants' Bank of Alexandria-one fourth part of the purchase money to be paid in cash, and the residue in three equal instalments at6,19 and 18 montsh to be secured by such good and sufficient personal security, with are. served lien upon the premises, as we shall deem safe. THOS, SWANN, Trustees. EDM. I. LEE, COLIN AULD, The sale of the above property is postponed till the 13th of June, at the same place and hour. 8w april 4