21593. Bank of Hampton (Hampton, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 4, 1910
Location
Hampton, Virginia (37.030, -76.345)

Metadata

Model
gpt-5-mini
Short Digest
8fa3a408

Response Measures

None

Description

Articles describe the Bank of Hampton being closed and placed in receivership with creditors meeting to close out affairs; no independent run is described. Receivers appointed by U.S. Court; assets/liabilities and inventory taken. Article 2 (1911) references the failure 'last fall' consistent with a 1910 closure.

Events (2)

1. December 4, 1910 Receivership
Newspaper Excerpt
Your receivers further report...the amount due the depositors in general in Hampton is $11,171.65; ... Your receivers further state that Messrs. W. H and John C. Boyenton and H. R. Walters have given all the information which the receivers asked of them and have rendered them all of the assistance in their power...all of the books and papers of said banks are now in their possession..
Source
newspapers
2. December 4, 1910 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership by order of the United States Court; receivers preparing report and closing out affairs.
Newspaper Excerpt
When the creditors meet here Tuesday morning permanent trustees will be named to close out the affairs of the three banks under the order of the United States Court.
Source
newspapers

Newspaper Articles (2)

Article from Daily Press, December 4, 1910

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Article Text

banks in that section. The sheriff has already attached everything in the banking house, but assisted the receiv ers in getting at the bottom of everything. The receivers compliment Mr Walters, cashier of the bank at Middieburg, and the two Boyentons for rendering all the assistance possible. When the creditors meet here Tues. day morning permanent trustees will be named to close out the affairs of the three banks under the order of the United States Court. It is shown in the report that the total excess liabilities over the assets of the bank at Upperville are $15, 910.88; the bank at Middleburg shows $1,363.55 excess liabilities over the as sets, while the excess liabilities over the assets are given at $10,772.98 in the case of the Hampton bank. In the report the receivers show tha the amount due the depositors in gen eral in Hampten is $11,171.65; and a special deposit due Jacob M. Smith $16,000, which was deposited by Rob ert C. Hickok, but which is now hel by Jacob M. Smith. The other liabili ties in the Hampton bank are given a follows: Due. Bank of Hampton, $285 on unpaid checks; Agnes Bright, jani tress, $4; city taxes. 1910, $21.56: county and state taxes, 1910. $29.88. / It is also shown that the fixtures 0 the bank at Upperville are worth $400; at Middleburg, $300; individual prop erty of W. H. Boyenton at Upperville $1,000. The assets in the Hompton bank are: Bank building and lot, $6,000; bank fixtures, $1,088.50; bills receivable, current, $5,743.81: old bills re ceivable, which were not being re newed, $3,169.41. Your receivers further report," say the receivers, "that the only piece 0; real estate which they are able to find is that above referred to, in the city of Hampton, Va., and which stands in the name of John C., Boyenton, al though both partners admit and con cede that it is the property of the partnership. Kept No Ledger. "Your receivers further report that here was no general ledger kept by the bankrupts at any of their three banks: that only individual ledgers were kept, and that it was no smal task to your receivers to find their way through these two ledgets. The Bank of Middleburg had been in oper. atton only a few month. and the book keeping was apparent] more careful and gave the receive.s less trouble than any of the others Your receiv ers further state that Messrs. W. H and John C. Boyenton and H. R. Wal ters have given all the information which the receivers asked of them and have rendered them all of the as sistance in their power in getting the necessary data to Traine this report Your receivers. would further report that they took on inventory of botl the banks at Upperville and at the Bank of Hampton themselves, and owing to the chaotic conditions of at fairs in the Bank of Hampton it has taken them several weeks to get to gether what they consider a practica, and complete list of assets and liabili ties of al] of the said backs. Tha they have notified all persons having notes in any of the said banks of thet obligations and when due and payable, and have made every effort to reduce the assets of the estate to c'sh, so far as they have authority to do so: that they have collected several out standing notes, as well as a number of checks, which were in said banks for collection at the time of their closing: that they have ascertained from various banks. with which Boy enton & Co. did business, the bal ances and have gotten possession of said balances. Would further report that all of the books end papers of said banks are now in their possesion the - house, assention


Article from The Advocate, August 17, 1911

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Article Text

Denies He Used Uufair Methods Columbus Gordon Says He Did-Not Disfranchise Any Lodges In Order to Be Elected Head of the Fisher. men. Baltimore, Md., August 16.-Following the issuance of a statement by Joseph P. Evans, of this city, In which he alleged that the reason that Columbus Gordon defeated him for national grand ruler of the Galilean Fishermen the other day was because some of the lodges were disfranchised and also that Rev. T. H. Shorts was unduly active in behalf of Mr. Gordon, the fatter has issued a mild-tempered statement denying Mr. Evan's alfegations. It was Dr. Evans who went to court and secured a receivership for the endowment department of the order, following the failure of the bank at Hampton last fall. Mr. Evans also led the forces that elected MY. Gordon National Grand Ruler last year. II feel It but proper and right," says Mr. Gordon, "to deny all of the allegations in the statement made by I have been in the order for 89 years 30 of which I served as National Grand Secretary. During through years that Learned as the National Grand Ruler. always sent out the proclamations calling attention to the grand session and this was done without seeking my approval or co-operation, I must say that I took all the names of lodges that appeared on the records of the endowment department, and sent out the proclamations accordingly. I have not been dictated to by any man, and have always tried to do my duty. At the last annual session at Harrisburg, Pa., and in the one here, I did not ask or seek the support of any man or woman. I look to see our order again rise to the front, but will be the help of those who are keenly interested in the rehablitation of the Gallilean fishermen." There is some talk here that the attack that Mr. Evans has made on Rev. Shorts, whom he alleges was responsible for the loss of $35,000 of the people's money, may bring about some indictmens as happened with the True Reformers last week.