22003. Danby Bank (Danby, VT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 18, 1863
Location
Danby, Vermont (43.346, -72.995)

Metadata

Model
gpt-5-mini
Short Digest
888956bd

Response Measures

None

Description

Articles from 1863-1866 show Danby Bank had a receiver (A.L. Miner), its office was closed and assets exhausted, dividends ordered; the bank remained in receivership and creditors sought payment from the State Safety Fund. No run is described; this is a suspension/failure with receivership (closure).

Events (2)
1. September 18, 1863 Receivership
Newspaper Excerpt
On the application of A. L. Miner, Receiver of Danby Bank, to render his account as such Receiver ... it is ordered that said Miner render his account as such receiver ... Given under my hand, at Rutland, this 18th day of September, A. D. 1863. L. C. KELLOGG, Chancellor.
Source
newspapers
2. October 28, 1863 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Receiver reports office closed and assets exhausted; large unpaid claims to bill-holders, indicating insolvency/failure.
Newspaper Excerpt
The undersigned, receiver of the Danby Bank, represents to said Court, that he has closed the office of said Bank, and that on the 28th day of October, 1863, there was a dividend ordered by said Court to be paid to the bill holders of said Bank ... and that the assets of said Bank are exhausted.
Source
newspapers

Newspaper Articles (10)
1. September 24, 1863 Rutland Weekly Herald Rutland, VT
Article from Rutland Weekly Herald, September 24, 1863

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Article Text

S TATE OF VERMONT, District of Fairhaven, SS The Probate Court for the district of Fairhaven: To all persons interested in the estate of James Baldrige, late of Pawlet, in said district, deceased, GREETING: By the authority of the State of Vermont, you are hereby notified to appear before the said Probate Court, at the Probate Office in Castleton, in said district, on the 12th day of October, A. D. 1863, to show cause, if any you have, why the account of Edwin S. Baldridge, administrator of the estate of said deceased should not be allowed, and also why the residue of said estate should not be distributed to the parties entitled thereto. Dated at Castleton, in said district, this 19th day of September, A. D. 1863. 39 JOHN HOWE, Register. TATE OF VERMONT, Rutland 1863. County, SS. In Chancery, September 18, On the application of A. L. Miner, Receiver of Danby Bank, to render his account as such Receiver, that a dividend may be made to the creditors of said Bank, and for an order of notice to all concerned, which application is on file in the Clerk's office in Rutland county, It is ordered that said Miner render his account as such receiver. at the office of the undersigned in Rutland, on the 26th day of October next, at one o'clock in the afternoon, and that the substance of this order be published in the Manches ter Journal, printed at Manchester, Verm ont, and in the Rutland Herald, printed at Rutland, in the County of Rutland, at least three weeks successiv ely before said time. 1 iven under my hand, at Rutland, this 18th day of September, A. D. 1863 39 L. C. KELLOGG, Chancellor.

2. September 29, 1863 The Manchester Journal Manchester, Bennington, VT
Article from The Manchester Journal, September 29, 1863

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Article Text

State of Vermont. RUTLAND COUNTY, 88. s In Chancery, September 18, 1863. On the application of A. L. MINER, Receiver of Danby Bank, to render. his account as such receiver, that a Dividend may be made to the creditors of said bank, and for an order of notice to all concerned; which application is on file in the Clerk's Office, in Rutland County. It is ordered that said Miner render his nc count, as such receiver, at the office of the under signed in Rutland, on the 26th day of Octo. ber next, at one o'clock in the alternoon,-and that the substance of this order be published in the MANCHESTER JOURNAL, printed at Manchester, in the County of Bennington, and in the Rutland Herald, printed at Rutland. in the County of Rutland, at least three weeks successively before said time. Given under my hand, at Rutland, this 18th day of September, A. D. 1868. 18 L. C. KELLOGG, Chancellor.

3. January 21, 1864 Rutland Weekly Herald Rutland, VT
Article from Rutland Weekly Herald, January 21, 1864

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Article Text

ANBY BANK.-To the Court of D Chancery for the County of Rutland: The undersigned, receiver of the Danby Bank, represents to said Court, that he has closed the office of said Bank, and that on the 28th day of October, 1863, there was a dividend ordered by said Court to be paid to the bill holders of said Bank, of twenty cents and two mills on the dollar, and that there remains seventy-nine cents and eight mills on the dollar still unpaid, exclusive of interest,-leaving unpaid to said bill-holders the sum of twenty five thousand and thirty-four dollars and forty-nine cents exclusive of interest,and that the assets of said Bank are exhausted. Said receiver further represents to said Court that said Danby Bank had paid into the Safety Fund the full amount required by law to secure the billholders against ultimate loss in case of the failure of said Bank. The receiver therefore prays said Court that the Treasurer of the State Vermont, in whose hands the Safety Fund is placed by the law establishing the same, be ordered to pay over to the said receiver the above sum of 25,034 dollars and 49 cents, together with interest on the whole amount of bills presented to said receiver, being the snm of 31,371 dollars and 53 cents from the 29th day of December, 1848, the time fixed for presenting the bills of said Bank to said receiver to the present time,-if there be so much in the Treasurer's hands belonging to the Safety Fund aforesaid, and if there be not so much in the Treasurer's hands, then, that he pay over to said receiver such sum as now remains in his hands, that the same may be divided among the billholders of said Bank agreeably to law. Dated at Manchester, this 14th day of January, 1864. A. L miner, Receiver of Danby Bank.

4. January 28, 1864 Rutland Weekly Herald Rutland, VT
Article from Rutland Weekly Herald, January 28, 1864

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Article Text

MISCELLANEOUS. ANBY BANK.-To the Court of D Chancery for the County of Rutland: The undersigned, receiver of the Danby Bank, represents to suid Court, that he has closed the office of said Bank, and that on the 28th day of October, 1863, there was a dividend ordered by said Court to be paid to the oill holders of said Bank. of twenty cents and two mills on the dollar, and that there remains seventy-nine cents and eight mills on the dollar still unpaid, exclusive of interest,-leaving unpaid to said bill-holders the sum of twenty five thousand and thirty-four dollars and forty-nine cents exclusive of interest,and that the assets of said Bank are exhausted. Said receiver further repre: ents to said Court that said Danby Bank had paid into the Safety Fund the full amount required by law to secure the billholders against ultimate loss in case of the failure of said Bank. The receiver therefore prays said Court that the Treasurer of the State of Vermont, in whose hands the Safety Fund is placed by the law es. tablishing the same, be ordered to pay over to the said receiver the above sum of 25,034 dollars and 49 cents, together with interest on the whole amount of bills presented to said receiver, being the sam of 31,371 dollars and 58 cents from the 29th day of December, 1848, the time fixed for presenting the bills of said Bank to said receiver to the pre-ent time,-if there be so much in the Treasurer's hands belonging to the Safety Fund aforesaid, and if there be not so much in the Treasurer's hands, then, that he pay over to said receiver such sum as now remains in his hands, that the same may be divided among the billholders of said Bank agreeably to law. Dated at Manchester, this 14th day of January, 1864. A. L miner, Receiver of Danby Bank.

5. February 9, 1865 Rutland Weekly Herald Rutland, VT
Article from Rutland Weekly Herald, February 9, 1865

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Article Text

Administrator of Hulett V. Hulett. Judgment reversed and case remanded for new trial. Briggs V. Boyd. Judgment affirmed. Lincoln V. Edgerton. Judgment reversed and case remanded to County Court; Poland, Ch. J., dissenting. Sheldon- V. Perkins. Judgment affirmed. Hitt V. Slocum. Judgment affirmed. Hydeville Co. V. Barnes. Judgment affirmed. Thrall and Smith V. Administrators of Seward. Judgment reversed. Judgment for plaintiff on the report for smallest sum reported. Administrator of Ford V, Beebe — Judgment affirmed. Norton V. Tinmouth School District No. 7. Judgment affirmed. Perigo V. Furman et. al. Judgment affirmed. Thrall & Pond V. Executor of Matthewson. Judgment affirmed. Dunsett V. Administrator of Freeman. Judgment affirmed with costs in this court. Ordered to be certified to Probate Court. Squires & Sperry V. Barber. Judgment of County Court reversed, and judgment that plaintiff recover full amount. Thrall V. Wright. Judgment affirmed. Town of Benson V. Estate of Eliza Abell. Judgment of County Court reversed. Judgment on report for smaller sum, $42.40. To be certified to Probate Court. Marsh V. Hayward Judgment reversed pro forma upon the terms that the plairstiff pay costs and take none since deniurrer was filed, and case be remanded. Sherburne V. Hartland. Judgment affirmed. of Smith V. Dougherty. Judgment County Court reversed, and judgment for the plaintiff to recover only the amount for which the County Court rendered judgment after deducting items Nos. 29, 30, 31, 32, 33 and 34, and the interest. if any, allowed upon those items; the defendant also to be allowed his costs in Supreme Court, to be deducted from plaintiff's judgment. Langdon V. Thrall. Exceptions dismissed with costs. Wilcox V. Smith, Judgment affirmed. In Dunsett V. Administrator of Freeman, and Thrall & Pond V. Executor of Matthewson, petitions for new trials were dismissed with costs. The following cases are with the Court. Receiver of Danby Bank V. State Treasurer Bowman V. Parker; Fisher V. Administrator of Allen; Hodges V. Eddy; Jakeway V. Barrett; Lothrop V. Hitchcock et. al. Blackmer v. Hyde was continued for re-argument at General Term. This closed the business of the Term.

6. October 20, 1865 Vermont Watchman and State Journal Montpelier, VT
Article from Vermont Watchman and State Journal, October 20, 1865

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Article Text

CURRENT LIABILITIES. 00 Loan of 1859, due 21st November, $25,000 County Treasurers, Tax on Nonresident stock, 2,910 24 Due Allotments, 38,049 04 Due receiver Danby Bank, Safety fund, 12,375 00 Due Towns, U.S. Surplus Fund, 11,179 18 65 10 Due Agricultural College Fund, Estimated balance due for extra pay, 118,000 00

7. November 9, 1865 Rutland Weekly Herald Rutland, VT
Article from Rutland Weekly Herald, November 9, 1865

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Article Text

ANBY BANK. SECOND DIVIDEND. A second dividend of twenty cents on the dollar, is ordered to be paid to each and all the bill holders, and creditors of Danby Bank, who presented their claims to the receiver. and were allowed by him in the time prescribed for that purpose. which dividend is payable on the first day of December 1865, and will be paid to all who present their certificates to the undersigned at his office in Manchester, or, at the Battenkill Bank, in Manchester. Notice of this order is to be given to all interested by publishing the substance thereof three weeks successively in the Rutland Herald, previous to the said first day of December, 1865. By order of the Chancellor, A. L. MINER, Receiver of Danby Bank. Dated at Rutland, the 21st day of Sept. 1866. oct24d&w3w

8. October 17, 1866 Green-Mountain Freeman Montpelier, VT
Article from Green-Mountain Freeman, October 17, 1866

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Article Text

CURRENT Due allotments, $21,276 91 Due receiver of Danby Bank6,750 00 safety fund, 11,176.18 Due towns-U.S S. Surplus fund, 4,137 : 10 Due Agricultural Colliege fund, 20.000 00 Due extra State pay, estimated, 863,340 19

9. October 17, 1866 Lamoille Newsdealer Hyde Park, VT
Article from Lamoille Newsdealer, October 17, 1866

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Article Text

CURRENT LIABILITIES. Due allotments. $21,276 91 Lue Receiver Danby Bank-safety fund. 6,650 00 11,176 18 Due towns-U. S. Surplus fund, 4,137 10 Due Agricultural College fund. 20,000 00 Due extra State pay-estimated.

10. October 19, 1866 The Caledonian Saint Johnsbury, VT
Article from The Caledonian, October 19, 1866

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Article Text

$909,994 12 The liabilities and resources of the state at date of treasurer's report, as follows : State bonds outstanding, viz : Due June 1, 1871, $875,500 00 Due December 1, 1874, 250,000 00 Due December 1, 1876, 250,000 00 Due December 1, 1878, 250,000 00 $1,625,500 00 The $75,500 00 credited to the sinking fund, and $50,000 00 which the auditor expects to receive soon from the general government, are intended for application on these bonds. CURRENT LIABILITIES. Due allotments, $21,276 91 Due receiver of Danby Bank, safety fund, 6,750 00 Due towns, U. S. surplus fund, 11,176 18 Due agricultural college fund, 4,137 10 Due extra state pay, estimated, 20,000 00