2155. Security Savings & Commercial Bank (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1876
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
e332bbfb

Response Measures

None

Description

Articles (Apr 6 and Apr 13–14, 1876) report the Security Bank of Washington suspended business (reported suspended on a Saturday) and shortly thereafter has closed and will go into liquidation with liabilities ~ $100,000 (about $53,000 to depositors). No run is described; closure/liquidation is indicated rather than reopening or a receivership appointment in the texts provided.

Events (2)

1. April 1, 1876 Suspension
Cause Details
Article reports the bank suspended business (no cause given); subsequent articles indicate closure and liquidation rather than a depositor run.
Newspaper Excerpt
The Security Bank, Washington, suspended business Saturday.
Source
newspapers
2. April 13, 1876 Other
Newspaper Excerpt
The Security bank, of Washington, has closed and will go into liquidation. Liabilities about $100,000, of which $53,000 are due depositors.
Source
newspapers

Newspaper Articles (3)

Article from Knoxville Journal, April 6, 1876

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Article Text

SUNDAY. The United States Express office at Akron, Ohio, was robbed of from $25,000 to $30,000 on Saturday. The Security Bank, Washington, suspended business Saturday. The statement of the public debt shows a decrease, during the past month of $4,240,866. Six hundred and fifty-fivethousand dollars in silver change has been received at the St. Louis sub-treasury. The President has issued an order to Capt. Johnson to protect American citizens in Matamoras against the unreasonable exactions of the Mexcan authorities.


Article from The Bolivar Bulletin, April 13, 1876

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Article Text

LATEST NEWS. SOUTH AND WEST. Mississippi will be represented at the centennial by a handsome building, composed of every variety of wood grown in the state. The California legislature has passed a bill abandoning tuition in languages and music in the public schools. The two cost in San Francisco $50,000. The Security bank, of Washington, has closed and will go into liquidation. Liabilities about $100,000, of which $53,000 are due depositors. The Consolidated Virginia mine has just divided its thirteenth monthly dividend of $1,080,000 gold! In twenty-three months the mine has taken out $30,000,000 of treasure, and divided $17,280,000 of profits. The supreme court of Tennessee sentenced L.A. Gilbert to be hanged at Fayetteville, May 29th, for the murder of Wm. Johnson, a blind magic-lantern showman. The prisoner received his sentence with laughter. Elizabeth T. Greenfield, a colored singer, famous throughout the country some years ago, under the name of the Black Swan, died in Philadelphia last week, at the age of sixty-eight. She was born a slave in Georgia, but was manumitted while a child. Ten carloads of machinery, including engines, boilers, etc., were shipped from St. Louis last week for San Francisco, destined for Nichalaivisk, Siberia, where they will be put into eight steamboats being built at that point for Amoor river. Additional telegrams from Fort Fet terman state that General Crook's victory over Crazy Horse was a complete one, and that many of the Indians who escaped must starve, as all their provisions, ammunition, etc., were destroyed. The impeachment articles preferred against Governor Ames in the Mississippi legislature have been withdrawn, Ames resigned his office and is once more a private citizen. President Stone of the senate has been recognized as acting governor. Columbus, Ga., claims the position of the Lowell of the south: She is now running 35,000 spindles and 1,000 looms, besides many iron and other industrial enterprises. The city was destroyed in 1856, and all these have been replaced since with southern money. Col. Edward P. Jones, a prominent resident of Canton, Miss., and now widely known throughout the south, temporarily located at Indianapolis, engaged in introducing his several patent inventions, committed suicide by taking hydrate of chloral. Report says, business trouble, coupled with excessive drink, was the cause. The United States engineer in charge of harbor improvements on the southern coast, is now constructing a harbor in a cross tide some six miles above the city of Savannah, in order to deflect from its natural course a large portion of the waters of the Savannah river. The Charleston chamber of commerce protests against it, as threatening the commercial interests of the city and the rice of plantations of the coast. The hog cholera is becoming a matter of serious concern out west, the terrible ravages of the disease rendering it a subject of grave consideration alike for producer and consumer. The Illinois state board of agrit culture has just taken steps to gather all the information possible as to the nature and causes of the disease, and the various meth ods of treating it, for the information of 8 breeders and others who are experimenting in the hope of finding a remedy for the malady, or a preventive.


Article from The Herald and Mail, April 14, 1876

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Article Text

LATEST NEWS. SOUTH AND WEST. Mississippi will be represented at the comcentennial by a handsome building, posed of every variety of wood grown in the state. The California legislature has passed a languages and bill abandoning tuition in The two cost music in the public schools. in San Francisco $50,000. The Security bank, of Washington, has closed and will go into liquidation. Liabili$53,000 are due ties about $100,000, of which depositors. The Consolidated Virginia mine has just divided its thirteenth monthly dividend of $1,080,000 gold! In twenty-three months the mine has taken out $30,000,000 of treasure, and divided $17,280,000 of profits. The supreme court of Tennessee sentenced L.A. Gilbert to be hanged at Fayetteville, May 29th, for the murder of Wm. Johnson, a blind magic-lantern showman. The prisoner received his sentence with laughter. Elizabeth T. Greenfield, a colored singer, famous throughout the country some years ago, under the name of the Black Swan, died in Philadelphia last week, at the age of sixty-eight. She was born a slave in Georgia, but was manumitted while a child. Ten carloads of machinery, including engines, boilers, etc., were shipped from St. Louis last week for San Francisco, destined for Nichalaivisk, Siberia, where they will be put into eight steamboats being built at that point for Amoor river. The impeachment articles preferred against Governor Ames in the Mississippi legislature have been withdrawn, Ames resigned his office and is once more a private citizen. President Stone of the senate has been recognized as acting governor. The Galveston News says the cold weather has killed vegetation in nearly all parts of Texas. Early corn and oats, fruit and vegetables have been destroyed. Cotton, except in isolated instances, had not come up, and escaped, but where it had peered above the surface of the ground it met its death. The Memphis cotton exchange has discharged itself of a very delicate duty and awarded its handsome prize of $1,000 to Mr. William Taylor, of Lee county, Arkansas, as the owner of the best bale of cotton in competition, and the best bale ever seen here. The judgment of the committee was reached after maturity and the careful exercise of their skill as experts. Col. Edward P. Jones, a prominent resident of Canton, Miss., and now widely known throughout the south, temporarily located at Indianapolis, engaged in introducing his several patent inventions, committed suicide by taking hydrate of chloral. Report says, business trouble, coupled with excessive drink, was the cause. The United States engineer in charge on the southern of harbor improvements a harbor in a cross coast, is now constructing tide some six miles above the city of Savanfrom its natural nah, in order to deflect the waters of the course a large portion of Savannah river. The Charleston chamber of it, as threatening commerce protests against the commercial interests of the city and the rice of plantations of the coast. The hog cholera is becoming a matter of serious concern out west, the terrible ravages of the disease rendering it a subject of grave consideration alike for producer and consumer. The Illinois state board of agriculture has just taken steps to gather all the information possible as to the nature and causes of the disease, and the various meth. ods of treating it, for the information of breeders and others who are experimenting in the hope of finding a remedy for the malady, or a preventive.