21943. South Western Bank (Wytheville, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 11, 1858
Location
Wytheville, Virginia (36.948, -81.085)

Metadata

Model
gpt-5-mini
Short Digest
5fda4d48

Response Measures

None

Description

Multiple newspapers in Feb 1858 report that the South Western (Southwestern) Bank at Wytheville has suspended specie payment. There is no mention of a depositor run, reopening, receivership, or takeover in the provided articles. Because the articles only report a suspension and no later reopening is documented, I classify as suspension_closure but note this is somewhat uncertain — the sources do not state permanent closure or receivership.

Events (1)
1. February 11, 1858 Suspension
Cause Details
Articles simply report suspension of specie payment; no cause (rumor, correspondent failure, or government action) is given in the texts.
Newspaper Excerpt
SUSPENDED.-The Lynchburg Courier is informed that the South Western Bank at Wytheville has suspended specie payment.
Source
newspapers

Newspaper Articles (5)
1. February 11, 1858 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, February 11, 1858

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Article Text

PRICE ONE CENT VIRGINIA NEWS. MUNICIPAL COURTESIES.--In the Common Council of Petersburg, on Tuesday evening, Mr. Lomeige made honorable mention of the courtesy of the Richmond Council, regarding a resolution passed in that body respecting the appointing of a Committee to make snitable arrangements for the reception of the Councils of other cities visiting Richmond as a body at the coming celebration. On motion of Mr. Donnan, a Committee of three, consisting of Mesers. Grigg, Donnan and Lemoine, was appointed to make arrangements for the anticipated trip. THE NEW COUNTIES.-TI is said that two new counties-Buchanan and Breckenridge-are to be erected from portions of Tazewell, during the present session. The Jeffersonville Advocate states that in the former there are only three slavesand in the latter there exists the anomaly in Virvinia of a county in which slavery has not a single representative. SUSPENDED.-The Lynchburg Courier is informed that the South Western Bank at Wytheville has suspended specie payment. This is a new bank which went into operation only a few months ago. PAINFUL ACCIDENT--1 Brave L ttle Girl.-The Petersburg Expre-s says that few days ago, a sou of Mr. Wm. Bennett, of Chesterfield, some twelve years of age, went out into the woods, accompanied by a little sister, for the purpose of cutting a log of wood, when he met with a most painful accident, narrowly escaping with his life. He had just given the last blow to a tree which he had selected for his purpose, and moved out of the way be fore it commenced to fall. The tree, balanced for a moment. began falling towards him, but its slow and even motion deceived him, and while watching its steady inclination, unaware of its real tendency, he was suddenly crushed beneath its weight. The blow first fell upon his head, injuring the skull, and descending. breaking his arm, (producing a compound fracture,) and bruising his side to & most painful extent. The force of the blow knocked him senseless, and falling immediately underneath the tree, his position was indeed critical. The terror of his little sister. who was only some four or five years of age, may be fancied, but it is a noteworthy fact that for f ur hours the little thing tugged without cessation for his release, pulling the limbsaway, attempting to lift the heavy tree, or roll it aside, and in fact every expedient which her t nder but excited devotion could devise. Her labors, of course, were fruitless, and it was not until late in the day when they were discovered, and relief afforded. Even the little creature was employed in her untiring endeavors to remove the tree, and her hands bore evidence that her labors were not wanting in enthusiasm. The lad was taken home in an iosensible state, and for several days was unable to speak. but his recovery HOW promises to be speedy and effectual. DECEASED.-MME. Mary A. Riddick, wife of Rev. J. II. Riddick, of the Virgina Conference, died in Mecklenburg county on the 2d inst. LYNCHBURG ITEMS.-An affray took place on Mon day, at "Buzzard's Roost," between 80 Italian organ-grinder and an Irishman named John McGraw. in which the former was badly stabbed. McGraw is in custody. A stable, recently erected near Friend's warehouse, was partially consumed by fire on Monday. NEW BRIDGE.-The bridge across Hazel river. near Eastham's Ford (in Culpeper) is now ready for the accommodation of the public. It is a fine structure. and well calculated to reflect great credit on the architects and the county. LUCKY -The Fredericksburg Herald says that Mr. John G. Garnett. of Culpeper, drew $1,000 in a lottery the other day.

2. February 17, 1858 Staunton Spectator Staunton, VA
Article from Staunton Spectator, February 17, 1858

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Article Text

SUSPENDED.-The Lynchburg Courier is in formed that the Southwestern Bank at Wythe ville has suspended specie payment. This is a new bank, which went into operation only a few months ago.

3. February 19, 1858 The Bedford Gazette Bedford, PA
Article from The Bedford Gazette, February 19, 1858

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Article Text

-It It is stated that the Southwestern Bank at Wytheville, Va., has just suspended specie payment. This is a new bank which went into operation only a few months ago.

4. February 20, 1858 Evening Star Washington, DC
Article from Evening Star, February 20, 1858

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Article Text

I. H. Dana, of Lawrence, Mass., has completed a copper kettle, which holds 700 gallons, for a dyer in Philadelphia. A project is now in contemplation to connect Boston and East Boston by a submarine tunnel. The estimated cost of the work amounts to $315,000. It is stated that the Southwestern Bank, at W ytheville, Va., has just suspended specie payment. This is a new bank, which went into operation a few months ago. The Massachusetts House of Representatives has, by 152 to 41, adopted a Constitutional amendment requiring foreigners to reside in this country two years after naturalization before they are allowed to vote. Henry Carey has written his nineteenth letter on "currency" to the President, and seems not yet to have exhausted himself, the subject or the President; the latter, it is presumed, nothaving read one of them. Grasshoppers have lately appeared in thick swarms upon the farm of Daniel Fields, a a short distance west of Oxford, Ohio. The oldest inhabitant has never seen or heard of the like at such a time of year. Within the last four years, says the Rochester Democrat, over one hundred persons have been convicted in the United States Court for the northern district of New York, for counterfeiting, forging pension papers and violating the post office laws. According to the Cincinnati Gazette, many of those in that city, who a few weeks ago, were crying out about dull times, and predicting a further general smash of business, are now engaged with vigor in the work of inflation, and it fears they will overdo the thing. The different cities of Wisconsin have pledged their credit to States railroads to the amount of $3,175,000. It is proposed to amend the State charter, which limits the State debt to $100,000, SO that the entire railroad debt may be assumed by the State. The critics are down upon Thackeray, says the Alexandria Gazette, for the manner in which he introduces Washington into his novel of The Virginians Let us wait and see what Thackeray will make of the character of Washington, before he has done with it-if, indeed, he intends to keep him in the picture. The Vicar Apostolic of Hindostan has written a letter to Archbishop Hughes, setting forth the lamentable condition of the Roman Catholics in India. Their losses since the beginning of the rebellion have been immense, and they now appeal to the churches elsewhere for assistance. The first batch of African emigrants, under the new contract made by the French government, arrived at Martinique, recently. Symptoms of discontent had been manifested among the Africans on the island, and an attempt at flight to St. Lucia had been discovered on one of the estates. In Corinth, N. H., on the 5th instant, Arthur M. Wyman, a lad of thirteen years old, son of Milton W yman, was "coasting" with another lad, when they lost control of the sled which ran up against a heap of frozen manure, breaking the sled into splinters, one of which entered young Wyman's body, causing death in a few hours, A NOVEL PARTY DREss.-At a "Fancy Dress Party," in Hartford, Ct., the past week one lady appeared in a dress ornament with hundreds of little bells, not much bigger than rain dropsaffording music of the fairy kind in the dance. In some of the eastern countries dancing women wear bells on their ankles which tinkle in time with the music of the dance, and, perhaps, this custom suggested the more conspicuous display of this musical ornament. The Kansas Crusader of Freedom of late date, says: Money is very scarce in Kansas. But we believe that there will be more money in the Territory next summer than in any State in the Union, in proportion to population. The Utah expedition has already cost $6,000,000; the army has already lost 1,700 mules and between 3,000 and 4,000 head of cattle. The probability is, that all their stock will be gone before Spring. This stock, the feed and fodder-every kind of agricultural produce-will have to be replaced. Let Eastern emigrants, who have stock, bring it on."

5. March 1, 1858 Wheeling Daily Intelligencer Wheeling, WV
Article from Wheeling Daily Intelligencer, March 1, 1858

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Article Text

THE Massachusetts House of Representatives has, by 152 to 41, adopted a Constitutional amendment requiring foreigners to reside in this country two years after naturalization before they are allowed to vote. GRASSHOPPERS have lately appered in thick swarms upon the farm of Daniel Fields, a short distance west of Oxford, Ohio. The oldest inhabitant has never seen or heard of the like at such a time of year. A recruit going through the exercise of sword cut, asked how he should parry. "Never mind that," said the old hussar, who was fencing-mas ter to the regiment, "you only cut-let the enemy parry." WHEN you hear an old bachelor inveighing against the extravagance of women, infer that he has never calculated the hundreds of dollars he has spent for wines and cigars. THE dwelling house of Hiram Webster, in Tyringham, Mass., was burned a week since, and the thelives of the inmates were saved by the barking of the watch dog, who, however, was himself burned to death. ARTIFICIAL ear drums are now made of fine silver wire, with a disk of India rubber or gutta percha between. They are placed in the ear and worn without inconvenience, and it is said the effect is magical. AMONG the odd rumors of the day it is reported that Edwin Forrest intends to leave the stage, for the purpose of opening a wine and tea store in Chicago. A BILL has been reported in the Massachusetts Legislature, making laborer's wages, to the extent of $50 each, preferred debts, to be paid in full, in all cases of insolvency. CALICO parties have been the rage this winter in Chelses, Mass. The last was given last Friday, when nearly two thousand couples were present. IT is a very singular fact that the "assassin Orsini and his intended victim, Napoleon, III., were, in 1831, brother members of a society called Carbonari. THE Mills of the Lawrence, (Mass.) Manufac turing Company will hereafter run on full time. For several months past, their time has amounted to five days in the week A project is now in contemplation to connect Boston and East Boston by a submarine tunnel. The estimated cost of the work amounts to $315,000. IT is stated that the Southwestern Bank, at Wytheville, Va., has just suspended specie payment. This is a new bank, which went into operation a few months ago. A clergymen in Southfield, Mass., had a handsome donation visit last week. His people put on his table an evergreen tree, and hung all its branches with gold engles. A traveler, journeying wisely, may learn much. Yet much may also be learned by him who stays at home. ADVICE, says Coleridge, is like snow-the softer it falls, the longer it dwells upon, and the deeper it sinks into the mind. "LENT" COMMENCED.-We should be obliged to that gentleman who borrowed our umbrella, to return it before the season of lent is over. I. H. Danna, of Lawrence, Mass., has completed a copper kettle 11 hich holds 700 gallons, for a dyer in Philadelphia. THE world is a treadmill which turns all the time, and leaves us no choice but to sink or to climb. A correspondent, in mentioning the wreck of a vessel, rejoices that "all the crew were saved except four housheads of tobacco."