21524. Charlottesville National Bank (Charlottesville, VA)

View Charter #1468 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
1468
Charter Number
1468
Start Date
October 21, 1875
Location
Charlottesville, Virginia (38.029, -78.477)

Metadata

Model
gpt-5-mini
Short Digest
37a36fec

Response Measures

Full suspension, Books examined

Other: Government agent took charge; receiver appointed Nov 5, 1875.

Receivership Details

Depositor recovery rate
62.6%
Date receivership started
1875-10-28
Date receivership terminated
1886-04-05
OCC cause of failure
Losses
Share of assets assessed as good
31.8%
Share of assets assessed as doubtful
19.8%
Share of assets assessed as worthless
48.4%

Description

Newspapers report a multi-day run that forced the Charlottesville National Bank to suspend in late October 1875. A government agent investigated and a receiver (James D. Jones) was appointed in early November 1875; the bank was wound up and did not resume normal operations. Cause attributed in the press to outside speculations and apprehension of complications tied to the embarrassments of certain individuals (not mere random misinformation). Dates in newspapers vary slightly; suspension is reported as occurring on the Tuesday before Oct 21–23, 1875. I therefore treat the run as immediately preceding the suspension and the suspension as leading to permanent closure under a receiver.

Events (5)
1. July 19, 1865 Chartered
Source
historical_nic
2. October 21, 1875 Run
Cause
Bank Specific Adverse Info
Cause Details
Apprehension arising from outside speculations and supposed embarrassments of individuals (runs driven by concerns about particular debtors/associates rather than a false rumor).
Measures
Officers issued statements assuring depositors that deposits would be paid; local Farmers and Merchants' Bank limited cash payouts to discourage runs (capped checks and refused payouts to suspected run-makers).
Newspaper Excerpt
The Charlottesville National Bank suspended payment Tuesday at 2 o'clock. The occasion of the suspension was a run on the bank of several days.
Source
newspapers
3. October 21, 1875 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Direct result of the multi-day run tied to 'outside speculations' and feared complications from indebted individuals (reports link heavy withdrawals to the bank's exposures).
Newspaper Excerpt
The Charlottesville National Bank suspended payment...closed its doors on Tuesday last, ... a run on the institution during the Tuesday, which it was found impossible to resist.
Source
newspapers
4. October 28, 1875 Receivership
Source
historical_nic
5. November 5, 1875 Receivership
Newspaper Excerpt
James D. Jones ... was nominated as Receiver...received his appointment on Friday, when he entered into a bond of $40,000, and assumed the charge of the Bank immediately. It will take two years to wind up the concern. (Alexandria Gazette, 1875-11-05).
Source
newspapers

Newspaper Articles (22)
1. October 22, 1875 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 22, 1875

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Letter from Charlottesville. [Correspondence of the Richmond Dispatch.] CHARLOTTESVILLE, VA., October 21, 1875. The Charlottesville National Bank suspended payment Tuesday at 2 o'clock. Toe occasion of the suspension was a run on the bank of several days. The cause of this suspension bas not transpired. Notbing official is yet known as to its condition. Thousands of rumors are afloat, which arise from conjecture. The officers give out that all deposits will be paid. The most intense excitement prevailed here all day yesterday, as this occurrence has come with a crushing weight upon the business interests. Many have at stake their all; and this culamity, coming SO entirely unexpected, has bad a most disastrous effect upon the spirits of our people. A terrible responsibility rests somewhere, even though the pecuniary interests of all immediately concerned be ultimately protected. It is sincerely to be hoped that the bank may be able to give a full, fair, and satisfactory exhibit of its condition; but it is hardly probable that evil effect will be removed from the community, at least for this winter. The Farmers and Merchants Bank is not affected by this suspension. At 10½ o'clock yesterday morning a meeting of the citizens of the town was held, and resolutions passed expressive of their contidence in the Farmers and Merchants B ink. and recommending forbearance upon the part of its customers. As an evidence of their faith many deposits were made in this bank during the day. It is probable that this action will have the effect of counteracting to some extent the failure of the National, and averting a panic which might have extended no one knows where. The meetings at the Bapfist church are increasing in interest and results, under the powerful ministrations of Dr. Bitting. Ten persons have united with the church up to last night, and a large number of persons are deeply interested. A meeting has been going on at the Disciples' church this week, Elder A. Cutier preaching, with what results I have not learned. We have had ice, and snow caps the mountains on our north. But the Indian summer has set in with its quiet, calm, solemn QUIP. beauty.

2. October 23, 1875 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 23, 1875

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TIONAL BANK.-As heretofore stated in the Gazette, the Charlottesville National Bank closed its doors on Tuesday last, if reports be true, owing to outside speculations; and an apprehension of complications, arising from the supposed embarrassments of individuals, caused a run on the institution during the Tuesday, which it was found impossible to resist. The Charlottesville Chronicle says that N. H. Massie, the president of the bank, left for Washington on the express train Tuesday night, with the hope, it is said, of making such ar rangements as would enable the bank to resume operations in the course of ten days. Should he fail in this the assets of this institution will, of course, go into the hands of a receiver, and the affairs of the baok be wound up. The general impression is that depositors are safe, and will only suffer the inconvenience of delay. The stockholders may not be secure, standing as they do, at least to the amount of their s ock, as security to the depositors; but what will be the extent of their losses depends on the real condition of the bank, which is, of course, yet unknown to the outside public. The suspension of the bank locks up, temporarily at least, a large amount of money, and to that extent cripples the operations of trade. In view of this suspension the following circular was issued by the president of the Farmers and Merchants' Bank of the same place on Wednesday morning: The suspension of the National Bank in no way affects the Farmers and Merchants' Bank, except so far as to cause it to apprehend a needless run upon its currency. As but few banks can withstand that constant drain upon its resources which ensues from a panic, we deem it proper, in the interest of our customers, to guard against such a contingency. To this end we will continue, as usual, to transact the regular daily business of the community as far as it is entrusted to us, but will not pay out currency to depositors whom we reasonably believe to be engaged solely in making a run; nor for the present will we pay checks for over 8 hundred dollars. Checks upon new deposits will be paid to the full amount. The condition of the bank and its reserve of currency are stronger than they have been since the panic of 1873. With a reasonable forbearance upon the part of the people, an I a restoration of confidence, econfidently hope that business will be entirely restored in a few days to its usual course. JOHN L COCHRAN, President. The business men of the town, perceiving the necessity of sustaining the Farmers and Merchants' Bank, held a meeting on Wednesday morning and adopted the following resolutions: Whereas the suspension of the Charlottesville National Bank. has produced, and is likely to produce, an agitation and want of confidence in the community, that is likely to react inj uriously upon the only other bank in the town, VIZ., the Farmers and Merchants' Bank; therefore, be it Resolved, That we, citizens of the town in meeting assembled, declare our confidence in the integrity of the management of that institution. 2d. That we approve the course proposed to be pursued by the bank, as ordered in their printed circular of this morning. Mr. Massie returned from Washington on Wednesday, and a government official will in a few days take charge of the bank for investigation into its affairs. The following statement of the President and Cashier is published: At a meeting of the Board of Directors of the Charlottesville National Bank, every member thereof being present, they directed the officers to make and publish a statement to the following effect, viz: In view of the fact that the statement fairly and correctly made out from the books shows that the assets are considerably more than double the amount of the deposits, the directors are unable to see why there should be the least uneasiness on the part of depositors as to the safety of their money. The directors can only express, as they do without hesitation, the belief that the deposits will all certainly be paid. N. H. MASSIE, President. W W. FLANNAGAN, Cashier. October 21st, 1875.

3. October 25, 1875 Evening Star Washington, DC
Article from Evening Star, October 25, 1875

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THIEVES' DENS IN THE LONG ISLAND Woods-On Wednesday a party of gunners, while hunting in a piece of woods near the residence of Mr. Daniel Lawrence, at Black Stump, town of Flushing, came upon a peculiarly shaped pile of stones, which, upon clo-e examination. was found to cover the mouth of a cave. They also heard some perFons talking loudly and swearing directly beneath them. The entrance to the cave was through a small hole, into the top of which was thrust a bag of leaves. The discoverers at once gave notice to the authorities, and officers were immediately dispatched to search the place. They found nothing, however, but a bed and some small pieces of candle, the occupants having fled. A similar cave has been found in another part of the same woods, and will be explored to day. Much poultry, harness, &c., have recently been stolen in this vicinity.-N. Y. Herald, 23. SUSPENSION OF THE CHARLOTTESVILLE (VA.) NATIONAL BANK.-The Charlottesville National Bank closed its doors on Tuesday last, if reports be true, owing to outside speculations, and an apprehension of complications, arising from the supposed embarrassments of individuals, caused a run on the institution during Tuesday, which it was found impossible to resist. A statement of the president and cashier is published, in which they say that the assets are considerably more than double the amount of the deposits. and the directors are unable to see why there should be the least uneasiness on the part of depositors as to the safety of their money.

4. October 25, 1875 Gold Hill Daily News Gold Hill, NV
Article from Gold Hill Daily News, October 25, 1875

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EASTERN DISPATCHES. SPECIAL TO THE GOLD BILL DAILY NEW DOMESTIC NEWS. Bullion Product-Bank Suspension. WASHINGTON, Oct. 25.-Dr. Linderman, Director of the Mint, estimates the gold and silver production of the country next year at $100,000,000. The Charlottsville National Bank having suspended, a Government agent will take charge of the bank for investigation. Grading the Corn Product. New YORK, October 25.-The following grades of ceru, under the new grading rules, have been established by the Committee on Grain in the New York produce exchange: 1-White corn. 2 -Yellow corn. 3-Mixed eorn. 4Low mixed corn. 5--Steamer corn. 6 --No grade while corn must be sound, dry, plump and well cleaned; an occasional colored grain shall not deprive it of this grade. Yellow corn must be sound, dry, plump and well cleaned; an occasional white grain shall not deprive it of this grade. Mixed corn must be sound and dry and reasonably clean. Low mixed corn must be dry and reasonably clean, but in color unsuitable to grade. Mixed corn - steamer cornwill include corn of the first four grades in quality; in condition it may be slightly soft and damp. Corn, warm or inferior in quality, described as steamer, shall be called "no grade." Dr. Swing in Brooklyn. NEW YORK, October 25.-Dr. David Swing of Chicago, who, it is expected will be urged to become Pastor of the Brooklyn Congregational Church, preached in that edifice yesterday. The Red Cloud Investigation Com. mittee Reviewed. CHICAGO, Oct. 25.-A Washington special says, Samuel Walker publishes a review of the report of the Red Cloud Commission. He claims that the Commission have adopted the artifices of a special pleader, and have suppressed important testimony. Contractor Mc. Cann and Stevens who were assailed in the report, Walker alleges were never members of the Indian ring, but acted independently of it for this reason: The ring was hostile to them, and while these two contractors have committed frauds to the extent of $120,000, the ring proper has stolen more than two millions. Walker charges that the ring is composed of Delano, J. R. Smith, and Senators Wheeler, Baxter, Wilder, Dodge and Baldwin.

5. October 25, 1875 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 25, 1875

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Goldand Silver Production-Nospension of n National Bank. WASHINGTON, October 24.-Dr. Linderman, Director of the Mint, estimates the gold and silver production next year at $100,000,000. The Charlottesville, Va., National Bank having suspended, a Government agent will take charge of the bank for investigation.

6. October 25, 1875 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, October 25, 1875

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Failure of a Bank. WASHINGTON D. C., October 23 -The Charlottesville, Va., National Bank having suspended, a government agent will take charge of the bank for investigation.

7. October 25, 1875 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 25, 1875

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The Charlottesville National Bank. The suspension of the Charlottesville National Bank has caused great excitement in that place. A Government officer has been there since Thursday examining into the condition of the bank, but 80 far he has found

8. October 25, 1875 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 25, 1875

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BY TELEGRAPH. The Charlottesville statt Susponsion ZOTTEIA [Special telegram to the Dipatch.] CHARLOTTESVILLE, Vh., October 23-The suspension of the Charlottesville National Bank is the topic of conversation with everybody here. The most Intense excitement has prevalled since Wednesday. Business has been well-nigh suspended. All sorts of rumors have been set affoat, but none tending to better the condition of things. A Government officer has been here since Thursday examinIng into the condition of the bank. So far he has found nothing to justify official-interference in its liquidation. The st ockholders and depositors held A MEETING YESTERDAY and appointed a committee of eight intelligent geutlemen to examine, as far as possible, into the bank's condition and report this evening. The committee, after a laborious session of about eighteen hours, submitted an exhibit to the meeting based on the best information accessible to them, of which the following is the aggregate THE REPORT. Liabilities : Due to depositors, $185,604 due other banks, $32,721; certified checks, $6.56; cashiers' checks, $1,830; rediscounted notes, $62,521; discounted notes, $70,000. Total, $353,332. Nominal Assets: Bills discounted, $437,943 other bonds, $81,966; due from other banks, $30,000; cash, $16,928 real estate, $26,044; furniture, &c., $1,800; surplus United States bonds, $1,300; Jordan Alum bonds, $14,000. Total, $560,011. The committee were satisfied that while there was a certainty that these assets would be reduced by many thousands of dollars, there would by careful and competent management in liquidation be sufficient to secure depositors and leave a large surplus for stockholders. It was ascertained that of the indebtedness to the bank THE ENORMOUS SUM of $227,000 was due by Messrs. Flannagan, secured in such a manner that $183,542 might probably be realized. The mode of liquidation was considered by the committee, which recommended the appointment of a receiver. The plan was opposed by many, and an able discussion failed to bring definite action, many wishing to change the personnel of the bank, and suffer it to liquidate itself. Able arguments were advanced pro and con. A motion prevailed to adjourn to meet on Wednesday, and ask of the Controller of the Currency indulgence till the best means to liquidate could be arrived at, A committee was also appointed to proceed to Washington and confer with the Controller. The meeting adjourned sine die. AMONG THE HEAVIEST LOSERS by this calamity will be many professors at the University, whose life-long savings. are involved in the stock and deposits. The University will not suffer materially. The woollen-mills will not suffer, nor the Miller fund, as reported. Deep gloom overspreads the town. The Farmers and Merchants Bank has been strengthened by offers of assistance from northern heuses. The confidence in this bank is unimpaired.

9. October 26, 1875 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, October 26, 1875

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Gettler, his mother and child, were drowned. James Willerand wife were reseued. Estimated Production of Gold and Silver-National Bank Failure. WASHINGTON, Oct. 24. Dr. Linderman, director of the mints, estimated the gold and silver production of the country for next year at one hundred million dollars. The Charlottesville, Virginia, National Bank having suspended, the Government Agent willtake charge of the bank for investigation. Funeral of General Pickett. RICHMOND, Va., Oct. 24. The funeral obsequies of General Pickett took place this P. M. The remains were conveyed to Hollywood cemetery. Not less than 40,000 people witnessed the procession. Recommendation in Regard to National Banks. WASHINGTON, Oct. 24. It is unders:ood that among the prominent features of the forthcoming report of the Treasurer of the United States the following recommendations affecting the redemption of national bank notes will be made: First-That the National Bank Redemption Ageney be made a separate bureau in the office of the Secretary of the Treasury, under charge of a superintendent who shall give a bond for the faithful dis. charge of his duties. Second-That five per cent. of the redemption fund shall be kept in the Treasury, but subject to the checks of the superintendent and that they be psyable in currency or drafts on New York, Boston, Chicago, St. Louis, or other sub-treasury. Third-That banks or others sending National Bank notes for redemption be required to pay express charges to Washington, and that for all other expenses of this agency the national banks be allowed to deduct from their next semi-annual return of tax upon their circulation, the amount of any assessment that may be made, as also in their next return of the amount of assessment heretolore made.

10. October 26, 1875 Lyon County Times Yerington, Silver City, Dayton, NV
Article from Lyon County Times, October 26, 1875

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THE Charlottsville National Bank having suspended, a Government agent will take charge of the bank for investigation. -

11. October 28, 1875 Shenandoah Herald Woodstock, VA
Article from Shenandoah Herald, October 28, 1875

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SUSPENSION OF A VIRGINIA BANK.The Charlottesville (Va.) Chronicle says there was widespread excitement in that place on Tuesday afternoon last, upon the announcement that the Charlottesville National Bank, of which N. H. Massie is president, and W W Flanagan cashier, has suspended payment and closed doors. The causes which led to the suspension are not fully understood, but the rumor is current that an apprehension of complications, arising from the supposed embarrassments of rindividuals, caused a run on the institution during the entire day Tuesday, which it was found impossible to resist. This is the only explanation as yet furnished to the public. The Phronicle says the suspension of the bank must necessarily create wide spread en. harrassment in all departments of trade and business and is indeed a chlamity to the whole community: Mr. Massie, the president of the bank visited Washington imme distely upon its suspension, and "Don his return reported that a govern. nent official would in a few. days take charge of the bank for the investigation of its affairs. The president and cashier have published a statement stating that the assets of the bank are considerably more than double the amount of the deposits. In view of the suspension of the Charlottesville National Bank, the president of the Farmers and Merchants' Bank of Charlottesville on Wednesday issued a circular stating that the bank was in a healthy condition, but in order to prevent a run on it, it would not pay out currency to depositors whom the officers reasonably believed to be engaged solely in making a run.

12. October 30, 1875 Martinsburg Independent Martinsburg, WV
Article from Martinsburg Independent, October 30, 1875

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INDEPENDEN stand at the present day as living monuments of Virginia's glory Va., "Monticello," the home of Jef1875. ferson, can be seen from the UniI arose versity grounds. "Tis said that he in Staunwould view the University every an exday with his spy.glass, from his residence, SO deeply was he laterpacked my ested in that institution. and was road toOur partv next visited the Uniin which versity burial place. I never had contained any taste for reading epitaphs me Behind while the others amused themMove roung selves translating tomb-stone O! anion. latin, I perched myself on the fence, whistled one verse of Hark wenty-five had renfrom the tombs a doleful sound," or in other soon shifted on the other tack, hair whistled Yankee Doodle, Mullivery a wore gan Guards, Shoo Fly, and suchose, ceeded in making myself more i taken all cheerful. There was one slab there fellow, which teaches all young men, esand was pecially college stupents, a practiIness" that cal lesson. "Twas a rough slab, i erected over the remains of a stusuffering of cholic dent who went to a circus here in on I t wonder town, got in a difficulty with one I of the auxilliaries, and was knockunhappy love in ed on the head with a handI out gaze spike. He should have bought a We I ticket, went in at the main enpasstrance, and not pirouted around country a the outside of the tent. Next "Look, o look in While sitting on the stile I must r "Henconfess I had some serious thoughts I in said -I remembered the sudden death A of our safe man in Martinsburg. seeing. la Dead ! dead! dead ! but how sweet summer N a the death-dead to the disappointglossy ments of a "tourists" but alive musical this Adolto the untold happiness of a benei dict. of Lyhe Good bye, old pard ! The compaintt She mercial tourist's fraternity bid you gazed a sad farewell. The blue-nosed A eyes, Vermonter takes a hitch in his t language, "Oh t patent metalic clothes-line, and as I he thinks of the many patents he hang w has struggled with, and of the eloquent 7 Inmany tourists now dropping off I "Ain't from the business he sadly wails: n closer "Good-bye, old pard." "Tester," the chestthe tooth-paste man, cra his the teeth with the handle of his brush, car. Romeo places his tin whistles to his noso then and trils, and whistles "Good-bye M I Said I Adolpius," and ye itinerant some sketcher, sitting alone in his room the sewing on buttons, &c., thinks of hrough a the on his fate and your happy deliverdrover. ance, and through blinding tears. F Richmond, also exclaim, "Good-bye, Adolr his bearphus;" and the nameless ones he who toil on with their numberless would T ask what patents, they with one accord join was I a in the farewell. So with all our T we love we extend the best wishes of reachlitis a the traternity. he J Dear Adolphus, thou hast left us, length, le dried We thy fate quite plainly saw: figs, on soured Oh 1 Cupid, why bast theu bereit us ? Gone to eat his ocions raw. Look G don't figs, There is quite a panic here,caus kin you ed by the f-ilure of "Charlottsville I I if kin National Bank." The event has I wasn't occoasioned great excitement in them gave the community. I had a narrow who ate escape from bankruptcy. On last his nose Monday 1 received a check on the I he didn't said bank for the sum of $2. Since ( brakeman the Duncan & Sherman failure I then have been on the alert,so I hastencar, I the ed to the bank, had a little talk rough behind with the cashier, had the check a cashed; the next day the bank together: front seat, fai'ed. I'm fortunately a safe man, while many of the worthy citizens something corwhose funds are now in jeopardy ye t make great lamentation. Knowimselfsnug for fun. ing that the depositors would be a in apt to make a needless run on the lunged faint a Farmers and Merchants Bank" 1 transformathe next day I went down early look dark. and deposited my two dollars in we did hat said banz. The cashier looked me ? Bei in the face, tears of gratitude ran 1 bebottles down the furrows of his face, and botnoisy as he grasped my hand exclaimthe punch ed "My friend, your timely aid a feint has saved us; we can now stand that pop the pressure-you have made our bank stronger than it has been slowly. Kind since the panic of '78." That'll do. of those Now comes the part of my letter sounds, which your many readers may rejoice to reach-that is, the end--so of kind with my best wishes for your prosperity, I commend me to you,and to very my with the sincere wish that your kind readers may not be troubled sweet incense during tho winter with neuralgia, gout, pimples, blotches, boils, cacar all day. tarrh, dyspepsia palpliation of the in ound the heart, or any of the thousand ills like the ! that flesh is heir to I remain.

13. October 30, 1875 Martinsburg Independent Martinsburg, WV
Article from Martinsburg Independent, October 30, 1875

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The Charlottesville, Va., National Bank has suspended, and will be taken charge of by a Government agent,

14. November 5, 1875 Staunton Vindicator Staunton, VA
Article from Staunton Vindicator, November 5, 1875

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THE CHARLOTTESVILLE NATIONAL BANK depositors have nominated James D. Jones for Receiver. At the meeting. Dr. J. Staige Davis said their committee had discovered while in Washington that the bank was bound in the st.m of $15,000 to a Washington bank as the endorser of Flannagan, Abell & Co., by the signature of its cashier.

15. November 5, 1875 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 5, 1875

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Washington. The meeting of stockholders and depositors of the Charlottesville National Bank was beld on Wednesday last, and James D. Jones, UA animously nominated as Receiver. The nomination was forwarded to the Controller and Mr. Jones received his appointment on Friday, when be entered into a bond of $40.000, aud assumed the charge of the Bank immediately. It will take two years to wind upthe concern.

16. November 8, 1875 The Weston Democrat Weston, WV
Article from The Weston Democrat, November 8, 1875

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THEDEMOCRAT Monday - - - Nov. -Tue Charlottesville (Virginia) National Bank has suspended. 'Rab fur Hayes!

17. April 19, 1878 Staunton Vindicator Staunton, VA
Article from Staunton Vindicator, April 19, 1878

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Prince Napoleon Lucian Murat, a nephew of the great Napoleon, who came to the United States in 1827, and married Miss Caroline Georgina Frazier, who supported him by school teaching, died on Thursday last. When Napoleon III came into power he was made a Senator of France. Of his five children, only one, a daughter, adhered to the religion of the Protestant mother. "Rob," the veritable sorrel war-horse which Stonewall Jackson was riding when he received his fatal wound, is still living at the age of twenty-three, and retains much of his old time vigor. He is owned by a brother-in-law of the General in Lincoln county, N. C Bishop Andrews, of the New York Methodist Conference, has decided that the licensing of women as preachers is against the doctrines of Wesley. The disappointed advocates of the new departure have taken an appeal to the General Conference of the Methodists of the Northern Church, in 1880. The Receiver of the Charlottesville National Bank is suing in the U. Court at Baltimore, some fifteen or twenty stockholders residing there, for about $27,000 to make good the losses to the depositors. The defendants are making organized resistance. Mr. J. L. Schoolcraft, late proprietor of the Richmond "Enquirer," (a brother of the well known Oliver J. Schooleraft) was married Wednesday to Miss Ida Campbell. daughter of Parker Campbell, banker, of Richmond. We congratulate the State of Virginia on the appointment of Messieurs Hanger and St. Andrew as Honorary Commissioners to the Paris Exposition. They know how to maintain the honor and credit of Virginia.-Charlottesville Chronicle. At the late session of the Virginia General Assembly a member-and a tidilydressed one, toc-wore the same suit of clothes in which he made his entrance upon legislative life seventeen years ago. There is a more aggressive unbeliever than Col. Ingersoli in Taylorsville, Ohio. Failing to draw the Rev. Mr. Bingham-in to a controversy, he put on brass knuckles and knocked that representative of orthodoxy down. A pious man has hired space in the Ellenborough (N. Y.) "Journal's" advertising department, in which he publishes every week, in large type, a verse of scripture. The Fairmont, W. Va., "Index" says: "Mr. Andrew J. Conaway, a well known lawyer of Fairmont, is said to have absconded on last Wednesday with $2,000, which he had collected for a client." Jerry C. Tully, a millionaire in Cincinnati, who had invested all in land died last week worth $2,782,000. He owned land in nineteen states in cluding 36,500 acres in Virginia worth $18,250. Belmont vineyard and fruit farm, con taining 800 acres was sold on the 9th inst., by James B. Russell, trustee, of Winchester, Va., to Dr. T. A. Ashby, of Baltimore city, for $15,500. President Hayes has pardoned Jno. W. Scott, in jail at Hamilton, Ohio, for mail robbery, in order that he may be tried for the murder of Jno. McCormick, three years ago. Rev. J. G. A:mstrong, of Wheeling, W. Va., has accepted the call to the Monumental Church at Richmond, subject to the approval of Bishop Whittle. He is a native of Ireland, As might have been expected, two of Brigham Young's sons are contesting his will. Of his million Brigham left all but one hundred thousand to the church. Ex- Queen Isabella. of Spain, will sell her diamonds by auction, at Paris, in June or July. They are valued at $400,000. Wm. Spay, of Nelson county, Va., died last week from a beating given him by a father and three sons named Hughes, There are seven churches in the little village of Luray in Page co., Va. and one more, for the Disciples, to be built shortly. The Canadians are sending fish to London packed in ice.

18. November 7, 1878 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 7, 1878

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Virginia News. Mrs. Col. J. S. Hammond, formerly Miss Belle Boyd, is giving musical and dramatic entertainments in Winchester. Alexander Vaughn, a democratic judge of election in Petersburg, has been bailed in the sum of $1,000 to answer the charge of stuffing a ballot box. Mr. Lynn, the agent of the Virginia Mid land Railroad at Warrenton, was struck accidentally by a crowbar, last week, and badly, though not seriously, hurt. Miss Belle Jordan, daughter of Mr. E. C. Jordan, of Jordan's Springs, was severely burned last Sunday by her clothes taking fire, and her parents were also badly burned in their efforts to save her. In the election riots in Princess Anne county, 00 Tuesday, the colored man mortally wounded was Thomas Elliott, who, it is stated, has been conspicuous in the county since the war for being continually in trouble with the whites. Four other colored men were badly wounded. They were Abram Elliott, Irving Griffin, Elisha White and Wallis Stevens. Col. W. J. Grigga is not 80 badly shot as at first supposed. Everything was quiet yesterday morning. Judge Bood. of Baltimore, is at present ear gaged in hearing, in chambers, the case of Johnston Brothers & Co., against the Charlottesville National Bank of East Virginia. The object of the suit is to recover the amount of five drafts, of $5,000 each, drawn by defendant on the Citizens' National Bank of Baltimore to the order of B. C. Flannagan & Son. It is alleged that thisfirm obtained aloan of $25,000 from the plaintiffs, and deposited the drafts, with certain boods, &c., as collaterals. The Charlottesville Bank suspended in October, 1875, and a receiver was appointed. The defence is that the drafts were for accommodation purposes, and that there was no authority on the part of the President of the Virginia bank to sign the drafts. The jury in the case of William A. Reese, charged with killing the negro, Trotter, at Hicksford, Greenville county. brought in a verdiet of not guilty, about midnight last night, after a very brief withdrawal. A strong case of selt defence was made out by the prisoner's counsel, strengthened by the bad character of Trotter, a3 a desperate negro, and by Rees' ac. knowledged peaccable disposition. The defence showed that Trotter struck Reese's several blows with a heavy stick before the latter, who is a small man, fired at Trotter, who was al. most an athlete. The preceutions taken to maintain order prevailed. A small crowd of negroes was present when the verdict was ren diet owing to the lateness of the hour. The nature of the evidence foreshadowed the result and reconciled the more reasonable negroes to it. The case of Wood Williams, a white, charged with shooting David Stitb, colored, was set down for the next court, and the prisoner remanded to jail, his counsel not asking for bail.

19. February 14, 1879 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, February 14, 1879

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# The Charlottesville National Bank. BALTIMORE, February 18.-The case of the receiver of the Charlottesville (Va.) National Bank against the stockholders, upon their individual responsibility, to recover the full value of stock held by them, was set for trial in the United States Circuit Court to-day. After a conference, and without carrying it to trial, a compromise was effected by which the stockholders are to pay 92¼ cents on the dollar, and the case discontinued.

20. February 28, 1879 Staunton Vindicator Staunton, VA
Article from Staunton Vindicator, February 28, 1879

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In the suit of the Receiver of the Char- lottesville National Bank against the stockholders upon their individual respon- sibility to the receiver for the full value of the stock held by them, a compromise has been effected by which the stockholders are to pay 92¼ cents on the dollar. Young Gilbert, a painter by trade, was arrested last week in the house of his father, a wealthy citizen of Portsmouth, Ohio, on the charge of robbing a store at Charlottesville, Va. A sharp young fellow sold forty-eight Bibles in Chicago by printing on the covers. "One thousand recipes for making handsome women." J. H. Shue, Clerk of Rockingham Cir- cuit Court, has gone to Hot Springs, Ark., for health.

21. November 12, 1879 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, November 12, 1879

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# Decisions in Favor of a Bank. Judge Hugh L. Bond, of the United States Circuit Court for the Western District of Virginia, has rendered a decision in the suit of Johnston Brothers & Co., bankers of Baltimore, vs. The receiver of the Charlottesville National Bank. The bankers had loaned Flannagan & Son, of Charlottesville, $25,000 on their note, secured by drafts of the Charlottesville National Bank on the Citizens National Bank of Baltimore for $20,000 and bills receivable for $40,000. Johnston Brothers were aware that the bank had no funds to discount bills, and that the drafts were to be used by Flannagan & Son as collateral security for the loan to them. The Court then decides that, as matter of law, the issuing of these bills of exchange by the bank was not a discount, because the bank had no funds with which to discount paper, but that it was merely the loan of the bank's credit to Flannagan & Son. Further, Johnston Brothers knowing the drafts on bills were issued to Flannagan as collateral security, it makes no difference that the drafts were given to Flannagan & Son in a note deposited with the bank by them at the time, secured by collateral security or not, the drafts were but the accommodation paper of the National Bank of Charlottesville, and as such were valid in the hands of Johnston Brothers & Co., who took them with such knowledge of their character. Judgment was given for the defendant. A decision was also rendered by Judge Bond in the case of J. & W. Seligman & Co., of New York, vs. the same receiver. Flannagan & Son had obtained a letter of credit from Seligman for £5,000 (about $25,000). The National Bank of Charlottesville gave a guarantee of prompt payment to J. & W. Seligman & Co. and a receipt for $35,689 of bills receivable, received by them from Flannagan & Son as collateral security for the letter of credit. On this guarantee suit was brought by the Seligmans. Judge Bond gave judgment for the bank, deciding that a national bank cannot upon the deposit of collateral security with it guarantee the obligation of the person making such deposit; also, that a national bank may lend money on personal security, but cannot lend its credit. - Baltimore American, 11th.

22. November 14, 1879 Staunton Vindicator Staunton, VA
Article from Staunton Vindicator, November 14, 1879

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In two suits against the Receiver of the Charlottesville National Bank, brought by Johnson Bros. & Co., bankers of Baltimore for $25,000 loaned Flanagan & Son of Charlottesville; and by J. Seligman & Co., of N. Y., for the same amount loaned the same firm, the repayment of both seems having been guaranteed by the bank, Judge Bond has decided against the plaintiffs on the ground that "a national bank cannot, upon the deposit of collateral security with it, guarantee the obligation of the person making such deposit." Also that "a national bank may lend money on personal security, but cannot lend its credit."