21597. Boyenton & Co. (Hampton, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
October 27, 1910
Location
Hampton, Virginia (37.030, -76.345)

Metadata

Model
gpt-5-mini
Short Digest
257cda91

Response Measures

None

Description

Articles report Boyenton & Co. (private bankers) 'closed their doors', were placed in bankruptcy, and federal court receivers were appointed; no run or depositor agitation is described. Cause is insolvency/mismanagement (bank-specific adverse information).

Events (2)
1. October 27, 1910 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to insolvency and muddled affairs; unable to meet checks and placed into bankruptcy after closing doors.
Newspaper Excerpt
Boyenton & Co., private bankers, of Hampton, Va., whose doors closed Thursday
Source
newspapers
2. November 1, 1910 Receivership
Newspaper Excerpt
John Weymouth and William C. L. Taliaferro have been appointed federal court receivers for Boyenton & Co., private bankers of Hampton, Va., who were placed in bankruptcy last week after closing their doors. The receivers' bond was $20,000. (Alexandria Gazette, 1910-11-01).
Source
newspapers

Newspaper Articles (9)
1. October 28, 1910 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, October 28, 1910

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NO ONE CLAIMS BODY OF DONALD Shoemaker Dropped Dead Ten Days Ago, But Relatives Have Not Appeared. (Special to The Richmond Virginian.) NEWPORT NEWS, VA., Oct. 28.Although ten days have elapsed since the death of William Donald, his body is still unclaimed at the undertaking establishment of W. E. Rouse in this city. He was a shoemaker here without local family connections. He dropped dead while making a purchase of leather in a local hardware store. He had a daughter, who was said to live in Brockton, Mass., but neither letters nor telegrams to that address have brought a response nor has the chief of police of that city deigned to reply to an inquiry fro mthe Newport News police department. A petition of certain creditors was presented to Circuit Court Judge Clarence W. Robinson at Hampton this morning for the appointment of receivers for the closed private bank of Boyenton & Co. It is understood that the matter will finally wind up in the bankruptcy courts and the prospects for the depositors getting their money are not good.

2. October 28, 1910 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, October 28, 1910

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Made Defendants. (Special to The Richmond Virginian.) NORFOLK. VA., Oct. 28.-Boyenton & Co., private bankers of Hampton, whose *doors closed yesterday, were to-day made defendants in involuntary bankruptcy proceedings brought by three petitioning depositors. Application for receiver will be made.

3. October 29, 1910 Evening Star Washington, DC
Article from Evening Star, October 29, 1910

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Boyenton & Co., private bankers, of Hampton, Va., whose doors closed Thursday, were made defendants Friday in involuntary bankruptcy proceedings brought by three petitioning depositors, and application for a receiver will be made.

4. November 1, 1910 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 1, 1910

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VIRGINIA NEWS. Bishop George W. Peterkin. of West Virginia, has qualified in Richmond as executor of his mother's estate, valued at $17,000. He is the sole legatee named in Mrs. Elizabeth Howard Peterkin's will. During the warm weather of the first three weeks of the past month H. C. Dawson, of Madison Heights, near Lynchburg, picked strawberries almost daily from a garden patch. The berries were unusually fine. John Weymouth and William C. L. Taliaferro have been appointed federal court receivers for Boyenton & Co., private bankers of Hampton, Va., who were placed in bankruptcy last week after closing their doors. The receivers' bond was $20,000. Marriage licenses were issued in Baltimore yesterday to Cleveland A. Holloway and Fannie B. Powers, both of Port Royal; and to Charles R. Serio, of Baltimore and Estella M. Gately of Frederickburg. A marriage license was issued in Washington yesterday to William C. Bridwell and Fannie Hower, both of Manassas. Addressing the men's Bible class in the Southern Methodist Church in Winchester Sunday evening, declaring he had always been sustained by the grace of God, and apparently in robust health, George Washington Hemy resumed his seat and expired in a moment from apoplexy. He was born in Frauquier county 67 years ago and leaves a widow, two daughters and two brothers. Delegates to the convention of the Military and Naval Surgeon's Association of the United States are gathering in Richmond. The first session was held this morning. Among prominent surgeons appearing is Dr. D. Huotte, of Paris, and Lieut. George S. Rennie, president of the military surgeons of Canada. A brilliant reception was held at the Jefferson Hotel last night in honor of the president of the organization, Lieut.-Col. Joseph K. Weaver, of Pennsylvania. Postoffice Inspectors Martin and Saffell, who arrested Postmaster R. T. Purkins in King George some days are and took him to the jail in Fredericksburg, went back to King George Courthouse Saturday in search of additional evidence against Purkins. They found under the counter and around the postoffice at King George Courthouse a number of letters that had been broken open and cast aside, which, it is charged, contained money which had been taken. The letters and other evidences were brought to Fredericksburg and shown to Mr. Purkins in the jail, but he denied any knowledge of them.

5. November 1, 1910 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 1, 1910

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VIRGINIA NEWS. Bishop George W. Peterkin. of West Virginia, has qualified in Richmond as executor of his mother's estate, valued at $17,000. He is the sole legatee named in Mrs. Elizabeth Howard Peterkin's will. During the warm weather of the first three weeks of the past month H. C. Dawson, of Madison Heights, near Lynchburg, picked strawberries almost daily from a garden patch. The berries were unusually fine. John Weymouth and William C. L. Taliaferro have been appointed federal court. receivers for Boyenton & Co., private bankers of Hampton, Va., who were placed in bankruptcy last week after closing their doors. The receivers' bond was $20,000. Marriage licenses were issued in Baltimore yesterday to Cleveland A. Holloway and Fannie B. Powers, both of Port Royal; and to Charles R. Serio, of Baltimore and Estella M. Gately of Frederickburg. A marriage license was issued in Washington yesterday to William C. Bridwell and Fannie Hower, both of Manassas. Addressing the men's Bible class in the Southern Methodist Church in Winchester Sunday evening, declaring he had always been sustained by the grace of God, and apparently in robust health, George Washington Henry resumed his seat and expired in a moment from apoplexy. He was born in Frauquier county 67 years ago and leaves a widow, two daughters and two brothers. Delegates to the convention of the Military and Naval Surgeon's Association of the United States are gathering in Richmond. The first session was held this morning. Among prominent surgeons appearing is Dr. D. Huotte, of Paris, and Lieut. George S. Rennie, president of the military surgeons of Canada. A brilliant reception was held at the Jefferson Hotel last night in honor of the president of the organization, Lieut.-Col. Joseph K. Weaver, of Pennsylvania. Postoflice Inspectors Martin and Saffell, who arrested Postmaster R. T. Purkins in King George some days ago and took him to the jail in Fredericksburg, went back to King George Courthouse Saturday in search of additional evidence against Purkins. They found under the counter and around the postoffice at King George Courthouse a number of letters that had been broken open and cast aside, which, it is charged, contained money which had been taken. The letters and other evidences were brought to Fredericksburg and shown to Mr. Purkins in the jail, but he denied any knowledge of them.

6. November 3, 1910 The Free Lance Fredericksburg, VA
Article from The Free Lance, November 3, 1910

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VIRGINIA NEWS The Northern Neck Medical Associaiion met at Warsaw recently and selected Kinsale as the place of meeting for the spring session. The fifth semi-annual convention of the Richmond County Association P. O. S. of A., will meet with Camp No. 9 at Warsaw, Nov. 9, 10 a. m. Charles L. Lindsay, engineer on C. & O. R. R., while standing beside his locomotive in the yards of the road at Clifton Forge, was struck by a shunting train and killed Tuesday. Mrs. H. P. Palmer, aged 28, died at the home of her mother, Mrs. Borst, at Brandy Station Tuesday, of tuberculosis, She is survived by her husband, Lieut. Palmer, U. S. N. The municipal liquor license tax this year will add to State Treasary $341,502.60, according to compilations by Tax Commissioner Free man. Norfolk leads with $106,266. 90, while Richmond comes next $83,166.67. John Weymouth and W. C. L. Taliaferro have been appointed Federal court receivers for Boyenton & Co., private bankers of Hampton, who were placed in bankruptcy. R. L. Harris, of Blackstone, was appointed assistant state bank examiner. He is assistant cashier of Citizens bank of Blackstone and is highly endorsed by business men. He enters his duties Nov. 15.

7. December 4, 1910 Daily Press Newport News, VA
Article from Daily Press, December 4, 1910

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LIABILITIES $54,200; ASSETS ARE $26,154 Lack of Bookkeeping and General Conditions in the Three Institutions Re. ferred To-Shows W. H. Boyenton Has Overdraft in Personal Account of $6,000. According to the report of William C. L. Tallaferro and John Weymouth, the receivers of Boyenton & Co., bank. ers, now in bankruptcy, the firm has liabilities amounting to $54,200.82, with assets of $26,154.30, thus showing that the bankers owe just $28,046.52 more than the estimated value of their assets. The report of the receivers, which will be read with much interest among the depositors of the bank in Hampton, Upperville and Middleburg, was filed with Referee in Bankruptcy John B. Looke, of Newport News, yesterday, and will be presented to the creditors, who are to have their first meeting in the Hampton banking house of the insolvent firm Tuesday morning. The receivers have been working on the matter of straightening out the three banks for 'more than 3 month and the report filed with Mr. Locke is said to be as complete as possible under all the obstacles which the receiv. ers were confronted with. The lack of booking and business methods in the conduct of the banks in Hampton and Upperville is referred to by the receivers, who said that they found no "ledger accounts of the depositors." There are a number of Interesting features brought out in the report, and it is shown that William H. Boyenton has an overdraft of his personal account in the bank at Upperville amounting to more than $6,000. It is shown that there are 200 depositors in Hampton, 128 at Upperville and 42 in Middleburg. 1 May Pay 20 Per cent. While no reference is made to the matter in the report of the receivers, it was said yesterday that the bankers will not pay more than 20 cents on the dollar. When it is considerea that the liabilities exceed the assets by $28,000, in a a total liabilities of $58,000, the feeling is that depositors will do well if they receive as much as 30 cents on the dollar. The report gives in detail the name of every depositor and every man having a note in all three of the banks and in the preface the receivers in

8. December 6, 1910 Daily Press Newport News, VA
Article from Daily Press, December 6, 1910

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NAMES OF DEPOSITORS IN THE DEFUNCT BANK Individual Claims Against Boyenton & Co. Shown by Receivers' Report. The report of the receivers for Boyenton & Co., bankers, filed Saturday, shows the following Hampton depositors and the amount to their credit in the Hampton bank: Peter Aghosteles, $2.07: John Angras, 44 cents; Athens Ice Cream Company, 12 cents; Nick Aghosteles, 55 cents: Miss Clara E. Boyenton, $1,355.787 J. W. Boyenton, $3,886.59; G. L. Boyenton, $16.58; W. S. Boyenton, $3.42; Mrs. W. H. Boyenton, Clara and Hunter H., $15.32; Louise Boyenton, $8.02; W. C. Boyenton, $5; John Boyenton Frantz, $91.47; Thomas Brown, $218.87; R. S. Black, 81 cents; Reed S. Black, interest, $14; L. C. Bristow, $50; J. W. Duning, $26.75; A. L. Boykin, $6.47; Bethel M. E. Church trustees, $1.10; Mrs. C. W. Belts, $186.15; A. W. E. Bassette, 45 cents; N. A. Butler, 72 cents; G. G. Congdon, $10.36; C. E. Cheyne, $46.27; Mrs. B. F. Crockett, $34.44; Christian H. H. Association, $289.14; C. L. Crockett. 15 cents; Thomas Cooke, 40 cents; Miss Reba Carey, $1; W. K. Cockran, 29 cents; C. M. Cary, Jr., 25 cents: J. F. Copeland, $47.50; E. Louise Cheyne, $4.34; Mrs. Annie F. Colgan, $1; Irvin Christian, $10.84; H. S. Cunningham, 70 cents; Mary F. Carnell, $1.74; J. W. Craigs, $13.91; C. S. Diggs, $6.02; B. H. Duvall, $37.12; E. F. Davis, 89 cents; E. Drewry, 50 cents; Elliott Furniture Company, $3.34; Mrs. Maggie Abbey, $8; Reverdy Estill, 37 cents; G. W. Face, $435.86; W. F. Fox, 10 cents; William Felhaber, 50 cents; R. J. Forest, $390.78; T. K. Fisher, 48 cents: V. E. Frances, $1.50; Gold & Kantrowitz, $108.20; A. A. Goolsby, $1; Joseph Gold, cigar account, $3:53; S. J. Gammel, $1.57: Mrs. Bessie Gold. $1.80; Normal Gold, $2.35; Sadie Gold. 50 cents; Samuel Gold, 55 cents; Rosena Gold, 25 cents; Miss Lennie Guy, $2.25; W. H. Haynes, $450.09: John Hope, $38.62; R. W. Hudgins, $4; J. J. Hocker, 40 cents; Mrs. John E. Heisler, $15; R. S. Hudgins, Jr., $11.90; W. B. Haynes, $260.42: J. L. Hawkins, $1.22; Hampton Music Company, 53 cents; C.H. Jones, 53 cents: C. H. Jones, $10; Mrs. C. H. Jones, 2 cents; Peter Jones. $404.11; Joseph Jarvis, $33.66; E. J. Johnson, Jr., 44 cents; J. L. Johnson, $5; Kecoughtan Trust and Security Company, $10; Charles Knip. ple, $5: Miss Lillie Kantrowitz, 89 cents; Bailey Keithley. $5.39; May Kitz, $1.25: Louise Kantrowitz, 23 cents: A. E. Lively. 69 cents: J. A. Lively, $1; D. L. Lively, $38.25; Mrs. R. J. Lanesky, 32 cents: Ladies' Aid B'nai Israel, $6.15: I. Lemer. $300; Mrs. H. C. Long, $8; J. J. Lindsay, 84 cents: M. Michaelson, 22 cents; G. S. W. Moore, 20 cents; Florence I. Moore, $64.43: Annie Murray, $4.28: T. A. Mirray. Jr., $3.33: S. J. Moore, $19.80: W. F. Moore, $1.99: F. Ossry, 11 cents: C. H. Palmer, $49.36; J. M. Palmer, $1.83: O. H. Palmer, $14.37: R. J. Palmer, $1.25: P.H. Palmer. $50:

9. December 1, 1911 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, December 1, 1911

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BANKER BOYENTON IS FOUND GUILTY HAMPTON MAN WHO CONDUCTED UPPERVILLE BANK CONVICTED BY JURY. STOOD HIGH SOCIALLY MUST SERVE EIGHTEEN MONTHS' IMPRISONMENT FOR RECEIVING MONEY AFTER FAILURE. Unless the Court of Appeals views the evidence in a different light. W. H. Boyenton, former banker, popular secret order man, and one of the most prominent citizens of Hampton, Va., must serve a sentence of eighteen months in the Virginia penitentiary, by reason of a verdict returned against him at a late hour Wednesday night by a jury sitting in the Circuit Court of Fauquier county. Mr. Boyenton for many years was the head of the banking firm of Boyenton & Co., Hampton, doing a private banking business. A few years ago be embarked in branch bank schemes, organizing two such branche one of which was located at the V1 lage of Upperville, Fauquier county. Banker Indicted. Last year his affairs became very much muddled, and his bank at Hampton was unable to meet the checks drawn on it. All of his institutions suspended payment and a receivership followed. In the meantime Mr. Boyenton was indicted in Fauquier county on the charge of receiving deposits. knowing that his institution was in an insolvent condition, there being a number of indictments charging this offense Investigation showed that the Boyenten banking business had been conducted in the most hap-hazard fashion imaginable. and the depositors suffered the loss of a very considerable proportion of their fund. Banker Convicted. After two mistrials, through hung juries, the case against Mr. Boyenton again came to trial.on Tuesday morning last at Warrenton, he being defended by his townsman, Fay Collier, one of the most widely known criminal lawyers of Eastern Virginia. Nine of the indictments against the ex-banker were quashed on technical points, but finally one was reached that was good in the opinion of the court, and the trial proceeded, resuiting in a verdict of guilty, and a punishment of eighteen months confinement in the penitentiary. Pending the preparation of an appeal to the Supreme Court the convicted banker was released on bond.