21687. American Bank (Orange, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 12, 1904
Location
Orange, Virginia (38.245, -78.111)

Metadata

Model
gpt-5-mini
Short Digest
bfd44291

Response Measures

None

Description

The American Bank of Orange suspended on March 12, 1904 (article states it has also suspended), apparently connected to the suspension/liquidation of Lockwood & Company. By August 1904 receivers were paying a 15% dividend, indicating receivership and permanent closure. No article explicitly describes a depositor run; the suspension appears tied to falling off of deposits and contagion from a local bank failure.

Events (2)

1. March 12, 1904 Suspension
Cause
Local Banks
Cause Details
Connected with failure/suspension of Lockwood and Company; reason assigned was a falling off of deposits.
Newspaper Excerpt
The American Bank of Orange, connected with the one here, has also suspended.
Source
newspapers
2. August 18, 1904 Receivership
Newspaper Excerpt
The receivers of the American Bank, of Orange, are paying a dividend of 15 per cent. to the depositors to-day.
Source
newspapers

Newspaper Articles (3)

Article from The Times Dispatch, March 13, 1904

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Article Text

In Liquidation. (Special to The Times-Dispatch.) GORDONSVILLE, VA., March 12.-The bank of Lockwood and Company, at this place has suspended business and will go into liquidation at once. The reason assigned is on account of the falling off of deposits. The American Bank of Orange, connected with the one hero, has also suspended.


Article from The Times Dispatch, August 18, 1904

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Article Text

VIRGINIA BRIEFS CULPEPER, VA.-The double-tracking of the Southern Railway has 80 far progressed as to run trains over the new track from Alexandria to South Culpeper. FREDERICKSBURG, VA.-Mrs. Susan G. Russell has entered suit through her counsel, Mr. St. George R. Fitzhugh, in the Corporation Court of this city for absolute divorce from her husband, D. S. Russell, former city sergeant. LYNCHBURG, VA.-A train carrying five coaches of Signal Corps men, two of baggage, two of provisions and seven of stock passed through here this afternoon over the Southern for Manassas. This is the first arrival of regulars from the South for the manoeuvres to be held there next month. They come from Chautauqua, Tenn. NEWPORT NEWS. VA.-The Police Board will meet Friday night to investigate the charge of violence toward a pr.soner against Patrolman Hank Smith. The officer is alleged to have broken the jawbone of George McQuilken by striking him with his night-stick. McQuilken had been arrested for being disorderly, and he and the officer had trouble at the Station House, because the young man refused to give his name. McQuilken is employed in the government department at the shipyard, and is popular in social circles. His jawbone was broken in two places, and for the past two weeks he had been given food through a tube. NORFOLK, VA.-Frank Dozier, well connected, shot himself in the breast this afternoon with a revolver. It was an attempt at suicide. Dozler had been drinking heavily. ORANGE. VA.-The receivers of the American Bank, of Orange, are paying a dividend of 15 per cent. to the depositore to-day. PLUM POINT, VA.-The heaviest corn crop for years will be made in old New Kent. The farmers of this section have greatly improved their farms. Ten years ago New Kent was a corn-buying county; now she can scarcely find-s. market for her surplus. RIVER, VA.-Mrs. Aille Kinsey, perhaps the oldest woman in Montgomery county, is a resident of this town. She is ninety-two years old, lives by herself, does all her own work, and is as bright in mind and sprightly on her feet as is many a one at sixty years. WINCHESTER, VA.-Another delightful german was held last evening at Winchester Inn by the young people of the Smart Set. An unusually large bevy of pretty girls from the town, county and a distance were present. The men who attended included Representative Hal Flood, of Appomattox, and Judge A. C. Carson of the Philsppines.


Article from Alexandria Gazette, August 19, 1904

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Article Text

Virginia News. A large crowd attended the Clarke county Horse Show at Berryville yesterday. The show closed this evening. The receivers of the American Bank of Orange are now paying a dividend of fifteen per cent. to the depositors of that defunct institution. Mr. John Skelton Williams has given out a statement putting a quietus on the rumors that the Atlantic Coast Line is after getting control of the Seaboard. Thos. K. Leedy, wanted in Tazewell on the charge of killing Walter Harris on a passenger train near Graham last January, gave himself up to the sheriff of Tazewell county on Wednesday night. Rev. G. McL. Brydon, rector of St. Paul's Church, Hamilton, and Christ Church, Goresville, Loudoun county, has accepted a call to become assistant to Rev. J. H. Eccleston, D. D., of Emmanuel Church, Baltimore. At the meeting of the Piedmont Baptist Association, at Prospect Church, in Amherst county, on Monday, 18 or 20 of the 2,000 people there were seized with violent cramps, being poisoned by eating cream and drinking lemonade which had stood too long in tin vessels. Heroic work upon the part of Drs. Myers and Rucker saved the sufferers, but it is thought that Miss Lawhorne, of the county, may die.