21843. Richmond Banking & Insurance Company (Richmond, VA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
September 12, 1882
Location
Richmond, Virginia (37.554, -77.460)

Metadata

Model
gpt-5-mini
Short Digest
ea3c6a5a

Response Measures

Full suspension

Other: Trustee appointment and deed of trust/assignment of president's property for creditors; bank ultimately liquidated and paid depositors in full.

Description

Large withdrawals by depositors (including state funds concerns and failure to renew bond) precipitated a suspension on Sept 12, 1882. Trustee Charles E. Whitlock was appointed, the president (John B. Davis) conveyed property for creditors, and the bank was liquidated under a trustee who paid depositors in full over 1882-1883. Thus a run preceded suspension and the bank did not resume normal operations (liquidation/closure).

Events (4)
1. September 12, 1882 Receivership
Newspaper Excerpt
Charles E. Whitlock has been appointed trustee for the banking and insurance company; a deed of trust was made ... conveying to C. E. Whitlock, trustee, the entire property ... to be used in liquidation of the company's liabilities.
Source
newspapers
2. September 12, 1882 Run
Cause
Bank Specific Adverse Info
Cause Details
Large depositors withdrew funds after concerns about the bank's renewal bond for State deposits and uneasy relations with the Planters' National Bank (same president).
Measures
None reported other than directors/leading citizens rallying to its aid and assurances at related Planters' National Bank.
Newspaper Excerpt
The bank officers state that the cause of the suspension is due to large depositors recently withdrawing their funds
Source
newspapers
3. September 12, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension posted after heavy withdrawals contracted and embarrassed their business; also linked to a hitch in renewing the bond for the State deposit leading to investigation of affairs.
Newspaper Excerpt
The president and board of directors are compelled to suspend business for the present. Trustees will be appointed
Source
newspapers
4. August 15, 1883 Other
Newspaper Excerpt
To-day the Richmond Banking and Insurance Company commences the payment of its final dividend of 10 per cent., which completes the payment in full to all its depositors, together with interest to date.
Source
newspapers

Newspaper Articles (22)
1. September 12, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 12, 1882

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TO-DAY'S TELEGRAPHIC DISPATCHES. Suspension of the Richmond Banking and Insurance Company. RICHMOND, Sept. 12.-The Richmond Banking and Insurance Company have this morning posted at their counter the following notice: The president and board of directors are compelled to suspend business for the present. Trustees will be appointed and it is confidently believed that depositors will receive dollar for dollar. (Signed.) JOHN B. DAVIS, President. The Bank officers state that the cause of the suspension is due to large depositors recently withdrawing their funds, which action so materially contracted and embarrassed their business that they were forced to the step taken. The intimate relations between this and the Planters National Bank (Mr. Davis being president of both) has created uneasy feeling among the depositors in the latter, causing small depositors to withdraw their funds. Business men having large deposits are rallying to its aid. The directors of the Planters National Bank were in session all last night examining its condition and at five o'colck this morning Chas. E. Whitlock and James B. Pace, two of the wealthiest men in thecity, were elected directors. John B. Davis then resigned the Presidency and Chas E. Whitlock was elected President.

2. September 13, 1882 New-York Tribune New York, NY
Article from New-York Tribune, September 13, 1882

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BANK SUSPENSION AT RICHMOND, RICHMOND, Va., Sept. 12.-A notice of su pension was posted at the counter of the Richmond Banking and Insurance Company this morning Larg depositors recently withdrew their funds and thus embarrassed the business of the bank. No statement of its affairs could be got to-day. The amount of deposits is stated to be about $600,000, which includes $300,000 belonging to the State of Virginia, the bank being the State depository. The liabilities are pur down t $607,000. Charles E. Whitlock has been appointed trustee, and it 18 probable that in a day or two a defluite statement will be made Mr. Whitlock believes that the depositors will not lose anything. except from delay. John B. Davis, late president of the suspended bank and of the Planters' National Bank is a brother of United States Senator Henry G. Davis of West Virginia it has displayed a great amount of public spirit since the war, and much By mpathy is expressed for him.

3. September 13, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 13, 1882

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The Richmond Banking and Insurance Company. The collapse of the Richmond Banking and Insurance Company was brought about, it is understood. by some hitch in renewing the bond for the State deposit. Certain parties refused to go on the renewal bond. The old bond remains in effect. The sureties are good for the State's deposit, and there will be no trouble on this score. But the fact that the new bond was not given cansed a rigid investigation of the affairs of the institution, which resulted in the suspension. The amount of deposits was about $600, 000, including $300,000 belonging to the State of Virginia. The State depositories are the Richmond Banking and Insurance Company and the Planters National Bank. The capital itock of the suspended bank is $175,000 with a surplus of $60,000. The actual liabilities are put down at $607. 000. Charles E. Whitlock has been appointed trustee for the banking and insurance company. and it is probable that in a day or two a definite statement will be made. Mr. Whitlock believes that depositors will not lose anything, except from delay. Inquiry has elicited the fact that Mr. Davis, the late president of the suspended bank. was indebted to it over $375,000. A deed of trust was made yesterday afternoon conveying to C. E. Whitlock, trustee, the entire property of the Banking and Insurance company, to be used in liquidation of the company's liabilities. It is estimated that Mr. Davis holds property which will realize about $250,000. John B, Davis, the president of the suspended bank. is a brother of Senator Henry G. Davis, of West Virginia.

4. September 13, 1882 The Semi-Weekly Miner Butte, MT
Article from The Semi-Weekly Miner, September 13, 1882

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Bank Suspension. RICHMOND, Vil., Signing 1:..-The Richmond Banking and Insurance Company this morning posted at its wall 111.. following file of directors are comp iled 100 $11.00.00 business fir the III. Trustees will : . m ii is lue!i vert will re "wire Hollar for dollar. Signed Jolix B. DAVIS President. The bank still the of i. du :10 large depositors withdrawing their funds. whil's illitions ⑉00 and emara bossiness they were to the step. taken. Intimaie relations this invi i Davis i, ing President " both his erent 8.11 un feeling it's differences 1. withdraw unit. Busi. 11fev 088t11. Daving larg.. ill' rollying 100 its aid. Directors of 11se Planter's National Bank were in -ion lille. last night examining its condition and :11 live the mernin. Chass. 1: Whitlock and Jas. B Pare. 1wo 101 the weather electioni directors. Join B. Date withing the President's : illis E Whitlook II elected Pre-icien:.

5. September 14, 1882 The Valley Virginian Clifton Forge, Staunton, VA
Article from The Valley Virginian, September 14, 1882

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THE Richmond Banking and Insurance Co., of Richmond, Va., of which Mr. Jno. B. Davis is president, suspended payments on Tuesday morning. It IS claimed that the concern will pay the depositors dollar for dollar, but no statement of its affairs has yet been made public. The amount of deposits was about $600,000, including $300,000 belonging to the State of Virginia. The State depositories are the Richmond Banking and Insurance Company and the Planters National Bank. The capital stock of the suspended bank is $175,000, with a surplus of $60,000. The collapse of the Richmond Banking and Insurance Company was brought about directly. it is understood, by some hitch in renewing the bond for the State deposit. Certain parties refused to go on the renewal bond. The old bond remains in effect. The sureties are good for the State's deposit, and there will be no trouble on this score. But the fact that the new bond was not given caused a rigid investigation of the affairs of the institution, which resulted in the suspension. Mr. Charles E. Whitlock has been appointed trustee for the Banking and Insurance Company, and the necessary papers have been re= corded in court. 15 The Planters National Bank, of which Mr. Davis was also president, was subjected to a slight run on Tuesday. Many depositors rushed frantically to draw out their small savings; but the excitement was soon allayed upon the assurance of the directors, all men of great wealth, that there was no need of the least apprehension. Mr. Davis resigned the presidency of the Planters Bank, and Mr. Whitlock and Mr. J. B. Pace, the latter a millonaire, were elected Directors of the Planters. Hon. Jos. Jorgenson. The following letter from Hon. Jos. Jorgenson, for three terms past the representative in Congress for the 4th District of Virginia, will explain itself. It breathes a true spirit and does credit to the good sense and patriotism of the writer. We lay it before our readers, with pleasure : WASHINGTON, Sept. 6. 1882. Dr. Thomas Hening, Thomas Green, Esq., Stephen Mosely, Esq., Albert Walker, Esq., and others Dear Sirs,-Since the adjournment of the Burkeville Convention there has been uncertainty among my friends throughout the 4th Congressional district as to what would be the course I would pursue and whether I would submit to its action. This was caused by the letter I sent to the convention declining to permit my name to be presented for nomination. and stating that at some future time would give my reasons in detail. After mature and careful reflection, I have come to the conclusion that, however I may have deemed myself personally aggrieved, I would not be justified in being an obstacle to the success of a great political reformation, having for its object the attainment of incalculable benefits to the people of Virginia, more especially to the Republicans. On different occasions-nt public meetings and through published letters have given expression of my views and sentiments-and it is, therefore, unnecessary for me to recapitulate them here. Suffice to say, I still entertain these opinions, and have no doubt that the result of the election in No. vember will confirm all that has already been accomplished. Entertaining such convictions, I have determined under no circumstances to be a candidate for Congress at the ensuing election but to support the nominee of the convention held at Burkeville, Va., August 16th, 1882. fully appreciate the friendship of the thousands of Republicans in my district who have shown 80 warm and loyal a personal regard by repeatedly sending me as their Representative to Congress, and sincerely thank them-much more than mere words can express. Ican'only say that I haveen deavored faithfully to fulfill my obligations and to do my duty by them; their appreciation and confidence have been shown by electing me by increasing majorities to serve them in three Congresses-in 1876, by 1,400 majority in 1878, by 4,200 majority. and in 1880, by 8,200 majority, to which I shall point with pride and satisfaction hereafter. During the ensuing canvass I hope to see you personally and thereafter to frequently meet the people of the district when important public matters come before them. Very sincerely yours, JOBEPH JORGENSON.

6. September 14, 1882 The Emporia Weekly News Emporia, KS
Article from The Emporia Weekly News, September 14, 1882

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Bank Busted. RICHMOND, Va., Sept. 12.-The Richmond banking and insurance company this morning had posted at their counter the following notice: The president and board of directors are compelled to suspend business for the present. Trustees will be appointed and it is believed that depositors will receive dollar for dollar. Signed: John B. Davis, president. The bank officers state that the cause of suspension is due to large depositors recently withdrawing their funds, which action so materially contracted and embarrassed business that they were forced to stop. The intimate relations bet veen this bank and the Plantera national bank, Davis being president of both, has created an uneasy feeling among depositors in the latter, causing small depositors to with. draw their funds. Business men hav. ing large deposits are rallying to its aid. The directors of the Blanters' national bank were in session all last night PT: amining its condition, and at late o'clock this morning Charles E Whitlock and Jas. B. Face, two of the wealthiest men in the city were elected directors. John B. Davis then resigned the presidency and Chas. E. Whitlock was elected pres. idept.

7. September 14, 1882 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, September 14, 1882

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MISCELLANEOUS. Thurlow Weed is lying dangerously ill at his residence in New York. Partly cloudy weather with southerly winds predicted for this region to day. The republican primaries in new York and Brooklyn yesterday resulted against Cornell. The society for the protection of animals will take steps to prevent fox hunting at Newport. Lucky B, which won the fourth race at a Coney Island yesterday, sold for $90 in pool of $1300. The postoffice at Huntington, Ind., was burglarized Monday morning, and $2,000 worth of property taken. One thousand four hundred and forty-five ballots were taken up to last evening in the Bragg-Delaney convention without result. League base ball games yesterday: Chicago, 6; Providence, 4. Boston. 8; Cleveland, 6. Buffalo, 9; Troy, 4. Woscester, 8; Detroit, 5. There were forty seven new cases of yellow fever at Brownsville yesterday, and one death Three deaths and twenty new cases were bulletined at Pensacola. The Richmond (Va.) Banking and Insurance company has suspended, due, as is claimed by its officers, to recent heavy withdrawal of funds by large depositors. Thomas Whittaker, living near Lyman Station, Mo., was killed Monday by some unknown person. Suspicion points at his half brother, with whom he recently quar reled. The President visited Bangor, Me., yesterday, and at the reception tendered him at expressed great satisfaction for Boston the republi- in the can victory. He left evening. Jay Gould was yesterday elected presiTexas Pacific The annual showed the assets dent of report the liabilities railroad. to be $395, $2.375,773, and the current 562. The sixty-eighth anniversary of the battle of North Point, which begins the annual Oriole festival at Baltimore, was celebrated yesterday, with more than usual ceremony and display. The chiefs of the fire departments of the United States and Canada are assembled in convention at Cincinnati. They were welcomed by Mayor Means, and will remain in session three days. Senator Campbell was nominated to the upper Springfield house in the seventh senatorial district, and Alderman George E. White was made sure of the nomination in the First senatorial district. The heavy decline in lard at New York caused the failure of three operators on the yesterday-Messrs. Rawson, Walther, former to resume a produce expects exchange and in Perrin. few days. The Charles Hecks called James Tuite out of his near Crofton. Mich., Monday accused him over to and in night, Mrs. house Hicks, of the being altercation attentive that The ensued shot him through the heart. jealous murderer is in jail. a colored ranchero in the Bronco Sam, City, last spring vicinity of Larami mara Cherokee grew jealous, and shot her, wife self. ried Saturday The evening died squaw, yesterday and then morning, him and Bronco will not long survive. Dreadful destruction was worked in Florida the The cotton in by crop tornado suffered of severely, Sunday and Build- night. some places was totally destroyed. ings were torn down, trees and killed fences by leveled, and many persons were the storm. The National department of Agriculture the of and 000,000 places bushels, yield winter spring wheat wheat at at condi- 380,- 140 000,000 bushels. The September tion of potatoes has declined, but prospects are favorable for a crop of 150,000,000 bushels. The mismanagement of the former city of the funds overdrawn comptroller to be Milwaukee has in caused allowing finan The cial difficulties of a serious nature. interest on the'city tisunprovided for, and the stoppage of the public works is necessitated. A/remedy cannot be had until a new tax levy is authorized by the legislature. East St. Louis is greatly excited on the question of permitting negro children to attend schools in which white children are taught. For the past two days the schools have been closed, because negro themselves, refused children adpresented but were mission. The/site chosen for the negro school is objectionable to that people, hence the trouble. Street fights have occurred between both the children and the parents,

8. September 14, 1882 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, September 14, 1882

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GENERAL INTELLIGENCE, A Bank Suspension RICHMOND, VA., September 12.- The Richmond Banking and Insurance company have this morning posted at their counter, the following notice: The president and board of directors are compelled to suspend business for the present. Trustees will be appointed and it is confidently believed that depositors will receive dollar for dollar. JNO. B. Davis, President. The bank officers state that the suspension is due to large depositors recently drawing their funds, which action so materially contracted and embarrassed their business. that they were forced to the step taken. The intimate relation between this bank and the Planters' National bank, Mr. Davis being president of both, has created an uneasy feeling among the depositors in the latter, causing smalldepositors to withdraw their funds. Business men having large deposits are rallying to its aid. The directors of the Planters' National bank were in session all last night examining its condition, and at 5 this morning Charles E. Whitlock and James B, Pace, two of the wealthiest men in the city, were elected directors. John B. Davis then resigned the presidency and Charles E. Whitlock was elected president. LATER.-No statement of the condition of the affairs of the Richmond Banking and Insurance company could be obtained to-day. The amount of deposits is stated at about $600,000, which includes $300,000 belonging to the state of Virginia, the bank being a state depositary. The latter amount is secured by bond with good securities. The actual liabilities are put down at $607,000. Charles E. Whitlock has been appointed trustee for the banking and insurance company, and it is probable that in a day or two a definite statement will be made. Whitlock believes that the depositors will not lose anything except from delay. John B. Davis, late president of the suspended bank and the Planters' National bank, is a brother of United States Senator Berry G. Davis, ot West Virginia. He has displayed a great deal of public spirit since the war, and much sympathy is expressed for him. A slight run on the Planter's National bank began immediately on the fact of the suspension being made public and continued until about 1 o'clock, when everything quieted down, under the assurance that there was plenty of money to pay all depositors and that there was not the slightest cause for alarm.

9. September 15, 1882 Savannah Morning News Savannah, GA
Article from Savannah Morning News, September 15, 1882

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The Richmond Bank Failure. RICHMOND, September 14.-John B. Davis, President of the recently suspended Richmond Banking and Insurance Company, today made a deed of conveyance of his property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond for the benefit of the creditors of the bank. The deed is signed jointly by Davis and wife, and the properly thus relinquished is valued at over $200,000.

10. September 15, 1882 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, September 15, 1882

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Bank Property Turned Over to the Creditors. RICHMOND, Va., Sept 14. John B. Davis, president of the recently suspended Richmond Banking and Insurance Co., today made a deed of conveyance of property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond for the benefit of the creditors of the bank. The property thus relinquished is valued at over $200,000.

11. September 15, 1882 Evening Star Washington, DC
Article from Evening Star, September 15, 1882

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# THE RICHMOND BANK SUSPENSION. Mr. John B. Davis, president of the recently suspended Richmond Banking and Insurance company, yesterday made a deed of conveyance of his property in the counties of King William, New Kent, Hanover, Henrico and the city of Richmond, for the benefit of the creditors of the bank. The deed was signed jointly by Mr. Davis and wife, and the property thus relinquished is valued at over $2,000,000. Attorney-General Blair, of Virginia, has given notice that he will bring suit on the bond of $500,000, executed for the security of the state deposits in the suspended bank, which amount to about $300,000.

12. September 18, 1882 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, September 18, 1882

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VIRGINIA NEWS. Virginia has 172 tobacco factories, which anconsume 48,000,000 pounds of the weed nually. C. L. Rider, a native of Luray, died an in Washington Mr. last Sunday night. He was employee of the State Department. The new steam-pump of Norfolk wastestSaturday and proved to work splendid- an ed ly. It throws 225,000 gallons of water hour. 22d Annual Fair and Cattle Show their for The will commence to-morrow at three days. Grounds, Loudoun, near Leesburg, and will continue The Finance Committee of Richmond of 206 000 has TEPAWSFRE The Norfolk papersannounce the marriage Miss Jennie Blow, the charming young of songstress, to Mr. E. Hoff; the well known tenor singer, of Richmond. One of Rappahannock's boys, Mr Willie Settle, son of Col. Thos. H. Settle. has been the nominated by the Democratic party for Legislature in Montana. The receipts of the Chesapeake and Ohio railway for the first week in September were $72,908 against $54,981 for the same period of last year-a gain of one-third. Lewis Mortimer, of Richmond, Saturday, brought suit against the Richmond, Fredericksburg and Potomac Railroad Company his for five hundred dollars for injury to person. The log-cabin which Washington made headquarters when a surveyor in the his valley of Virginia still stands intact over the spring at goldiers' Rest. Clarke county. Soldiers' Rest was built by General Morgan, of revolutionary fame. Diphtheria has broken out afresh in Lunenburg county, and fears are entertained that it will Severalcases en and many persons are the The people are as a John B. Davis, late phar Mr. disease. fatal disinfectant. spread. president burning have down of prov- with sul- the Richmond Bankingand Insurance Company, has put on record in the Chancery Court of a deed relinquishing his property and that of the his wife for the benefit of the creditors and Insurance Co. W. Doswell, of made an assignment for the benefit of his in the recent property Saturday was Richmond Mr. Thomas Banking bank creditors. of Richmond, suspension all of He his in deed mentions the here. involved The "Bullfield," property and the country known as his interests in the corner of Fourth and Broad of horses. streets. It no doubt embraces his fine stud The fall terms of the United States Cirand District Courts of the State will cuit commence at Lynchburg, 19th September at Richmond,2d October; at Alexandria, 4th October ; at Harrisonburg, 10th October: at 18th October: at Abingdon, 24th at Norfolk, 6th October: Norfolk, November Danville, 21st at Richmond, 14th November; at Hughes left for and will these terms of eourt at on day The Medical Society of November. Abingdon next, 19th Judge Friday, instant. Lynchburg Virginia, begin Richmond to which Tues- hold has been in session at Fauquier White Sulsince last Wednesday, adjourned to meet at the Springs next September. phur Friday Springs Rockbridge Many interesting Alum subjects were discussed. The prize for the best essay on "Alcohol, its Use and Effects as and Medicine," was awarded to M. D., of the for the best essay on D.C. a M. Beverage Graham prize Elzey, Washington, Rein Abdominal to cent Progress Richmond, Surgery." Va. Hugh M. Taylor, M. D., of Dr. Wm.D Cooper, of Fauquier county, was elected president. Ex-Marshal C. P. Ramsdeil died at his residence in Chesterfield county Saturday morning about 'clock. He had long been sufferer from Bright's disease, but his a was hastened by having been gored animal on his own Richmond Dispatch says: by death a vicious "Mr. farm. Ramsdell The in the State of New York, and came was born Virginia Federal to with the army of He was soon in the early of reconstruction but was occupation. prominent given whetherin politics office, of these and the or at a later days heated times, period, with deference Mr. Ramsbore himself to of justice and conthe dell' principles always when what the he to be right, and even fight years ago, and he invective was ceived was was rife, warmest, escaped and vituperation atall times pointed out as a conscientious man. He was a good citizens, and after building a pretty home in Chesterfield, did all in his

13. September 20, 1882 Vermont Watchman and State Journal Montpelier, VT
Article from Vermont Watchman and State Journal, September 20, 1882

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Summary of News. Secretary Folger of the treasury department and is confined to his bed Engineer Melville the other survivors of the Jeannette have arrived An epidemic of sore eyes preat vails New over York two-thirds of the south. It does not to be dangerous, but is of a very annoy- their appear ing character, confining those afflicted to homes and causing them considerable pain. Even the Indians are becoming prohibitionists DaSome of the men at the Pine Ridge Agency, offerkota, have asked the agent to post notices $50 reward for evidence by which any person and ing is convicted of furnishing liquor to Indians, savages themselves will pay the money. the less than 25,000 salmon, rendered unfit for No by the hot weather, were thrown into the The bay use San Francisco on the 4th and 5th instants. at result was a terrible stench along the water front. A $5,000 registered bond has been stolen To from the office of the register of the treasury. of the negotiate it the thief must forge the name An unin whose favor it was issued successful person attempt was made to rob a north bound Missouri Pacific passenger train about midnight the Indian Territory. In the encounter Conductor in Warner was shot and probably fatally wounded. Warner killed one of the robbers Denver, the Crescent mills and elevator were the burned At Tuesday, Loss $225,000. They were is in the state and full of grain. It thought largest the fire originated from a spark from the lime kiln across the street, which burned earlier in the evening. At East St. Louis there is great excitement over the question whether colored children shall be sent to a public school where has A new comet white children are taught Samuel J. Tilden has just been discovered by a disease from He may linger awhile, but death is a certainty recover. been attacked The Richmond, which he his Virginia, cannot early banking and insurance company has failed, with of liabilities of $607,000, which includes $300,000 trustee state funds which areamply secured. The believes the depositors will not lose anything. The mortality from cholera at Manilla con- has tinues to be very large. Mrs. Garfield therefor bought a residence in Cleveland, Ohio, paying $50,000 A stage coach was lately and stopped in Arkansas by two masked men the passengers robbed of $900 and their jewelry. The mail was also robbed of registered packages. A Norwegian bark laden with railway mawent ashore on the Texas coast and was made terial a total wreck. The captain and five men the were saved There is a deadlock between and council of Springfield, Illinois, regard- artimayor appointments in the fire department, and cles ing of impeachment have been preferred against the mayor Six hundred and fifty Mormons arrived from Europe one day last week A large amount of damage was done Louise in Florida last week by a cyclone. Princess somewhat injured in a railway collision has in L was recently The Pittsburg strike California, collapsed. The strikers withdraw from the amale gamated association and form a new society James Freeman Clarke of Boston has re- of e Rev. from Europe The surgeon-general 8 the turned marine hospital service says there is no danof yellow fever in the northern cities e ger The signal service successfully predicted West the 8 of the recent cyclone from the approach Indies two days in advance. A hurricane passed 9 Winsted, Connecticut, last week destroying I over ten houses and five barns. Twenty persons fever were yellow 1 hurt, most of them slightly The still rages at Pensacola, Florida, and destitution is reI and suffering send are aid increasing. Lamb presents The public a bill for ) quested for to holding the autopsy on the body a I $1,000 Garfield. Dr. Agnew having presented , of claim for $15,000, Hamilton is the only Paint- phy) who has not been heard from. sician blue veins on ladies' temples and wrists London. is ing of the latest freaks of fashion in A coni one particular kind of blue paste is used 5 A of liquor dealers was held in Detroit class last vention week. It resolved to prosecute the lowest the greenof saloons candidate in the for city governor McQuiddy, of California, has the back arrested for conspiracy to obstruct of his United been States marshal in the performance 1 duties two years ago. Two Arizona editors The greenbackers of , fought New Hampshire a duel last have week nominated John F. Wood- demoof Manchester for governor, and the Martin V. B. Edgerly crats bury of the same state have nominated Island The treasurer of Long Hon. has committed suicide by drowning : Samuel City W. Hale of Keene has been nominated by the republicans of New Hampshire for governor.

14. September 21, 1882 Phillipsburg Herald Phillipsburg, KS
Article from Phillipsburg Herald, September 21, 1882

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THE Richmond (Virginia) Banking and Insurance Company suspended business the other morning, with liabilities reported at $607,000. Charles E. Whitlock has been appointed trustee. The amount of deposits is $600,000, one-half of which belongs to the State of Virginia. John B. Davis, President of the defunct concern, was also at the head of the Planters' National Bank, which fact caused a run during the forenoon on the latter institution. Davis resigned the presidency of the Planters' Bank and Charles E. Whitlock was elected his successor.

15. September 26, 1882 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, September 26, 1882

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-First ice of the season formed at Chicago Thursday night. -Six cowboys on one side and six cowboys on the other side fought a duel in Colorado Sunday. Four were instantly killed. -During an affray growing out of personal feud at Hot Springs, Ark., Charles Mathews, editor of a local newspaper was shot and killed. -J. D. Osborne, the surviving partner of Prentice, Henderson & Osborne, proprietors of the old Louisville Journal, died on Sunday at Louisville. -Col. E. Polk Johnson has accepted an invitation to make several speeches in behalf of the democratic nominee for Congress in the Third District. -The Court of Appeals has overruled the motion to dismiss the case against Henry White, of Lexington, charged with stealing bonds from a bank. -Mrs. Ellen V. Walton and the negro she hired to kill her husband have each been sentenced to imprisonment for life in the Indiana Penitentiary. -Nine men were publicly whipped at Newcastle, Delaware, Saturday morning. Two received forty lashes, six twenty and one ten. Three men stood in the pillory an hour. -A terrible accident occurred in the Fourth Avenue New York railroad tunnel on Friday. A "following" train collided with one preceding it, killing five people and injuring sixteen others. -Vice President Smith, of the Louisville & Nashville Railway System, makes the extraordinary statement that north-bound freight this year is in excess of south-bound - a desirable thing for the South. -A deed has been executed by the friends of John B. Davis, President of the suspended Richmond (Va) Banking and Insurance Co., covering all that gentleman's indebtedness to the bank and securing to depositors the full amount of their deposits. -Panama and Aspinwall have been attacked by what appears to be a chronic case of earthquakes. They have lasted since the 7th inst., and have caused a loss estimated at $250,000 in the first city and $100,000 in the latter. There have been four deaths. -A Washington rumor has it that the wedding of Mr. Chester A. Arthur, Jr., and Miss Crowley has been appointed for the early part of October. The bride and groom elect are extremely young, their combined ages not exceeding thirty-six years. -The Secretary of the Treasury has issued a call for the redemtion of bonds of the five-per-cent. funded loan of 1881, continued at three-and-a-half per cent. from August 12, 1881. The call is for $25,000,000 and principal and interest to be paid at the Treasury on the 23d of Dec. next and interest to cease that day.

16. October 11, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 11, 1882

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TOTICE TO THE CREDITORS OF THE RICHMOND BANKING AND INSUN RANCE COMPANY -Persons holding checks on RICHMOND BANKING AND INSURANCE the COMPANY. and those to whom certificates of deposit have been assigned. will please present without them the banking-house of said company at delay, in order that the necessary transfers may If made with the view to an early dividend. there be he any persons holding claims against the institution, not matters of record on the books, they will please present CHARLES them at E. once. WHITLOCK. Trustee.

17. October 12, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 12, 1882

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THE RICHMOND BANKING AND INSUNOTICE TO THE CREDITORS OF RANCE COMPANY.-Persons holding checks on the RICHMOND BANKING AND INSURANCE COMPANY. and those to whom certificates of deposit have been assigned, will please present them at the banking-house of said company without delay, in order that the necessary transfers may be made with the view to an early dividend. If there he any persons holding claims against the institution. not matters of record on the books, they will please present them at once, CHARLES E. WHITLOCK. Trustee. oe 11-2w

18. October 15, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 15, 1882

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OTICE TO THE CREDITORS OF THE RICHMOND BANKING AND INSURANCE COMPANY-Persons holding checks on the RIO HMOND BANKING AND INSURANCE COMPANY. and those to whom certificates of deposit have been assigned, will please present them at the banking-bouse of said company without delay, in order that the accessary transfers may be made with the view to an early dividend. If there he any persons holding claims against the Institution. not matters of record on the books, they will please present them at once, CHARLES F. WHITLOCK Trance 11.2v

19. October 21, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 21, 1882

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NOTICE TO THE CREDITORS OF THE RICHMOND BANKING AND INSU+ NCE COMPANY.- Persons holding checks om the RICHMOND BANKING ANDINSURANCK COMPANY and those to whom certificates of doposit have been assigned, will please present there at the banking-house of stid company without delay, in order that the necessary transfers may be made with the view to ameans dividend If there he any persons holding exams against the institution. not matters 01 lecoto on the books, they will please present the atom CHARLES E. WHITLOCK oe 11-2w Trust

20. December 17, 1882 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, December 17, 1882

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Money Beyond Reach. Friday the safe lately belonging to the Richmond Banking and Insurance Company was taken out of the vault in the bank building and delivered to the purchaser. In taking it out some injury must have been done the massive door-frame of the vault, for when the door was once closed the next effort to open it was unsuccessful. In a vigorous effort to open it the lever was wrenched off. Then skilled workmen were called in, and were engaged until 104 o'clock Friday night trying to prize the door open, but wholly without success. All that could be done by the bank was to telegraph north to the manufacturer to send on a man to open it. In consequence of this accident the depositors who called yesterday to get the 75 per cent. now ready to be paid on their claims were disappointed. The money could not be gotten out of the vault. The delay, however, will be of brief duration. Depositors have not been in a hurry to call for their money anyway. Some who were clamorous for their own on September 12th (when the bank suspended) have not yet called to get their dividends. The trustee is prepared now to pay the two dividends of 50 and 25 per cent. The remaining 25 per cent. will be forthcoming before long, and the Richmond Banking and Insurance Company will have the proud record of being thesecond suspended bank in this country that paid out in full.

21. August 3, 1883 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 3, 1883

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Final Dividend to be Paid. About a year ago the Richmond Banking and Insurance Company. of which Mr. John B. Davis, of this city, was president, suspended payment. At first the failure of the bank caused a ripple of excitement in the city, but Mr. Davis stood at the counter and informed every one who came in that it was his intention to use bis utmost endeavor to have every dollar of the creditors and depositors paid. A statement to this effect was published at the time, and the sequel showsthat Mr. Davis has kept his word. On the 15th of this month the trustee announces that the final dividend of 10 per cent., and interest, will be paid to all the creditors of the Richmond Banking and Insurance Company. This will complete the payment in full of principal and interest to all depositors and creditors. This action on the part of Mr. Davis confirms the high opinion which the public has always accorded him, and presents him to the business community in a light that is enviable on account of its rarity.

22. August 15, 1883 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, August 15, 1883

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Dollar for Dollar. To-day the Richmond Banking and Insurance Company commences the payment of its final dividend of 10 per cent., which completes the payment in full to all its depositors, together with interest to date. Less than a year ago this institution was forced by a complication of circumstances to suspend payment, and on the day of its suspension the president and directors announced that every liability should be paid in full. The result shows that they were right, and can only increase the high opinion the community always had of the officers. Such an instance as a "broken" bank paying all its debts, with interest, is unknown in the history of banking, and goes to show the integrity of its management. It is now desirable that depositors should call at once for their money, so that the trustee may be able to settle his accounts and turn the affairs of the bank over to its proper officers.