21932. Bank of the Valley (Winchester, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 31, 1867
Location
Winchester, Virginia (39.186, -78.163)

Metadata

Model
gpt-5-mini
Short Digest
6462bf4c

Response Measures

None

Description

Newspaper accounts (Dec 31, 1867 and Jan 4, 1868) state the court appointed H. G. Fant as receiver and that assets ($100,000 taken to Washington; ~ $1,000,000 total) were placed in receivership and bank notes destroyed. No run or depositor panic is described; this is a court-ordered receivership/suspension leading to wind-up/closure.

Events (3)

1. December 31, 1867 Suspension
Cause
Government Action
Cause Details
Court suit (Merchants' Bank of Baltimore v. the Valley Bank) resulted in the court appointing a receiver and placing assets in custody.
Newspaper Excerpt
the Court appointed Mr. Hamilton G. Fant, receiver, to wind up the affairs of the Winchester concern.
Source
newspapers
2. January 4, 1868 Receivership
Newspaper Excerpt
Deputy United States Marshal Duncan arrived from Winchester, Va., ... having in charge $100,000 in gold and greenbacks, part of the assets of the Bank of the Valley... In the suit the court appointed Mr. Hamilton G. Fant receiver, to wind up the affairs of the Winchester concern. Its assets were stated at one million . . . Alexandria State Journal / New York Herald reporting Jan. 4, 1868
Source
newspapers
3. October 9, 1868 Other
Newspaper Excerpt
More than a million of dollars of the bank notes were found. This money was ordered by the court to be destroyed... On Monday afternoon it was taken to a furnace ... and burnt.
Source
newspapers

Newspaper Articles (3)

Article from Evening Star, December 31, 1867

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Article Text

ALEXANDRIA AND VICINITY.-The Gazette of yes'erday evening says: Two well-dressed young men, who gave their names as John Delaney and D. Jacobs, who were making purchases on King street, between 8 and 9 o'clock on Saturday night, were arrested on Fairfax street, near the watch-house, by officers Walsh and Aubinoe, as suspicious characters. They quietly accompanied the officers up King street until they reached the intersection of Royal and King, near which they broke away from their captors and ran, Jacobs taking down Royal street and escaping; but Delaney, who ran up King street, and turned down Pitt, was not 80 fortunate, for the hue and ery being raised, be was pursued by a number of persons, one of whom, Mr. Pat. Hays, soon overtook him, and, on being searched at the watch house, he was found to be encased in two suits of clothing, and to have spurious money in his possession. Messrs. Arnold & Field, Samuel Lindheimer, C. C. Berry, Jos. Brager and Simon Waterman found that they had each been the recipient of a counterfeit ten dollar United States bank note, and two of them recognized Delaney as the man from whom these notes had been received. Delaney has bee n committed to jail for examination. The Journal of this morning says: Deputy U.S. Marsbal Duncan, arrived from Winchester, Virginia, Saturday night, having in charge $100,000 11 gold and greenbacks, part of the assets of the Bank of the Valley, which were placed in the vaults of one of the Washington banks to await the result of a suit brought by the Merchants Bank of Baltimore the Valley Bank, now pending before Jhugg Underwood's Court, at Richmond. In the suit the Court appointed Mr. Hamilton G. Fant, receiver, to wind up the affairs of the Winchester concern. Its assets were stated at one million. We presume the sum named above would cover all of its present available funds. The paragraph which has appeared in both of the Alexandria papers to the effect that Moses Beach, of this city, conductor ofa material train on the Orange, Alex. andria and Manassas Gap Railroad, met his death last week. at Front Royal, by being struck on the head with a piece of wood during an altercation with a laborer, named Arrington, is an error to the extent it associates Mr. A.'s name with the unfortunate affair. Mr. Eli Scott Arrington was with Capt. Beach as a friend on that occasion. The dead body found at Marbias' Point, on the Potomac, just before the Inte freeze, and buried there, was that of a black man, and not of the missing soldier from Fort Foot, as some thought. The Hon. Fayette McMullen, ex-Governor and ex-M U. of Virginia, was in the city yesterday on business, and paid bis respects to Judge Underwood during his stay. The large swamp opposite Hunting Creek was on fire yesterday, and death was threat. ened to every creeping insect within its limits. The body of a newly born infant was found in Emerson's marsh, near Hunting Creek, south of West End, on Saturday. Christmas ove at Neabasco, Prince William county, was celebrated by a big shooting match for turkies, after which a general fight onsued.


Article from The New York Herald, January 4, 1868

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Article Text

THE BANK OF THE VALLEY.-Deputy United States Marshat Duncan arrived from Winchester, Va., Saturday night, having in charge $100,000 in gold and greenbacks, part of the assets or the Bank of the Valley, which were placed in the vaults of one of the Washington banks to await the result of a suit brought by the Merchants' Bank of Baltimore vs. the Valley Bank, now pending before Judge Underwood's court at Richmond. In the suit the court appointed Mr. Hamilton G. Faut receiver, to wind up the affairs of the Winchester concern. Its assets were stated mt one million. We presume the sum named above would cover all of its present available funda-Alerandria State Journal


Article from Alexandria Gazette, October 9, 1868

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Article Text

VIRGINIA NEWS. A dispatch from Richmond says:-"John Perkins, an ex-Federal soldier from Mass., who came to Virginia in the second New Hamphire regiment, will be hanged to-morrow at Portsmouth, for rape on Miss Ford. Benj. Jefferson, negro. who held the mother of the young girl while Perkins violated her daughter, and was also to have been hanged to-morrow, has had his sentence commuted to imprisonment for life by the Governor. A negro has been sentenced to the penitentiary for two years, for attempting to violate the widow of an ex-Confederate General, in Southside, Virginia." At the last session of the U. S. District Court in Richmond, the assets of the Bank of the Valley at Winchester were placed in the hands of H. G. Fant, as receiver. More than a million of dollars of the bank noteswere found. This money was ordered by the court to be destroyed. It was brought to Richmond, and Messrs. Mann R. Quarles, Ritchie Quarles and B. H. Hunter appointed to count and destroy it. There was found to be one million one hundred thousand dollars. On Monday afternoon it was taken to a furnace in the lower part of the city and burnt. Additional circumstances have come to light since the arrest of the negroes Gardner and Kennedy, going still further to connect them with the murder of Baker and Mrs. Stewart, in New Kent county. The gun found tied to Baker's body when he was taken from the water has been identified by several additional persons as Kennedy's gun, and a pair of Baker's pants have been found at Kennedy's house, filled with grain. The Irish citizens of Richmond held a rousing meeting on Tuesday night to consider a resolution about the purchase of a homestead for ex-Governer Wise. Several speeches were made, and a committee appointed to confer with the Germans and other citizens of Richmond as to the propriety of holding a grand mass meeting to take the subject into consideration. Three of the convicts that attempted to escape from the cars on the Chesapeake and Ohio railroad on Tuesday, and who were wounded and recaptured, were brought down in the cars yesterday afternoon and returned to the penitentiary at Richmond. Two of them are very seriously injured. It is said one of who escaped has been captured in Gordonsville J. T. Redmon, Grand Master of the Grand Lodge of Virginia, Independent Order of Odd Fellows, and J. G. Smith, Past Grand Master, both of Norfolk, are on an official visit to all the lodges in the Valley and Western Virginia proper. Jacob K. Shafer, elected to Congress by the Democrats of Montana Territory, a former student of Washington College and a student of law in the office of Governor Letcher. He is a native of Rockingham county, Va. At a fishery at Buckrow, near Old Point, five hundred bushels of fish, embracing almost every variety caught at this season in those waters, were the proceeds of one day's hauling a few days ago. Col. John Branner, President of the East Tennessee and Virginia railroad, was found, Tuesday morning, speechless and unable to move, from a stroke of apoplexy. Bishop McGill confirmed sixty in St. Paul's Church, Portsmouth, on Sunday. The membership of St. Paul's numbers over 3,000 persons. Col. Gilham has sold his vineyard tract of land, in Rockbridge county, containing ninety-four acres, to Thomas M. Wade, for $3,000. The residence of Mr. W. N. McVeigh, formerly of Alexandria, has recently has been robbed in Richmond, of clothes, chickens, &c. The Conference of the Methodist Episcopal Church South, will meet in Charlottesville, on the 18th of November. The Grand Division Sons of Temperance meets in Petersburg, October 28th. Beavers are numerous in Nottaway county. ### WASHINGTON ITEMS. Yesterday morning, about four o'clock, Mr. John D. Morrison, a farmer from Montgomery county, while on his way to this city with a load of produce for market, was suddenly assaulted by two negro men, who were lying in wait on the side of the road. They knocked Mr. Morrison from his seat, and both jumped upon his body, with a rope, for the purpose of tying him. The noise made, had the effect of arousing a friend of Mr. Morrison's, who was lying asleep in the wagon. He jumped out, and dealt one of the miscreants a blow on the head, which had the effect of causing both him and his companion to take to their heels. Mr. Morrison was badly bruised but not seriously wounded. On Wednesday night a meeting of the Second Ward Radical Club was held. Mr. John L. Pfau, a former member of the City Councils, and a clerk in the Treasury Department, presided. An election for officers was held, when Mr. Pfau was deposed by the election of Charles H. Peters, a colored man, as President. The feature of the evening's performance was the enterance of a company of negro soldiers known as the "Grant Riflemen." They were armed with muskets, and created quite a sensation among the blacks, one of whom during the meeting asked for contributions for the support and assistance of this armed band. - Nat. Intelligencer. Wm. J. King was a few days ago arrested for malicious mischief and committed to jail for three months by a justice of the peace. To-day King was brought out on a writ of habeas corpus, and discharged by Judge Wylie, who decided that a justice of the peace had no authority to commit a prisoner to jail as a punishment for the offence. Among other busines transacted at the session of Potomac Presbytery here, was the adoption of a resolution appointing Rev. S. D. Noyes to cite the members of the First Constitutional Church of Baltimore to appear before a meeting of this Presbytery on the last Monday of this month, to show cause why Rev. H. Dunning should not be released from