Essex Bank - Guildhall, VT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 25, 1841
Location: Guildhall, Vermont (44.565, -71.560)

Metadata

Model: gpt-5-mini
Short Digest: 24410c3c

Response Measures

None

Description

Court injunction (Oct 25, 1841) enjoined the Essex Bank from further proceedings as insolvent; a receiver (Zebina Newell) was appointed and claims were ordered presented — indicates suspension and permanent closure with receiver. No run reported.

Events (2)

1. October 25, 1841 Receivership

Newspaper Excerpt: Zebina Newell, of Newbury, ... was appointed Receiver of all the property of said Bank, and to proceed under the requisitions of the general statutes of this state to reduce all said property ... to cash, and also to receive all bills of said bank, and outstanding liabilities of the same, ... order that all claims against said Bank shall be presented to said receiver on or before the first day of September next ... Dated ... this 25th day of October, A. D. 1841.
Source: newspapers

2. October 25, 1841 Suspension

Cause: Government Action
Cause Details: Court injunction enjoining the bank from further proceedings because it violated its charter and was insolvent
Newspaper Excerpt: HEREAS a certain banking corporation known by the name of the President, Directors and Company of the Essex Bank ... hith been by this Court enjoined from all further proceedings in the business of its incorporation, on the ground of its having, in many respects, violated the requisitions of its charter, and become insolvent
Source: newspapers

Newspaper Articles (1)

1. November 8, 1841 Vermont Watchman and State Journal Montpelier, VT

Article from Vermont Watchman and State Journal, November 8, 1841

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Article Text

HEREAS a certain banking corporation known by W the name of the President, Directors and Comp any of the Essex Bank, chartered by the General Asserably of this State, at their October session, A. D. 1832, and located at Guildhall, in the County of Essex, hith been by this Court enjoined from all further proceedings in the business of its incorporation, on the ground of its having. in many respects, violated the requisitions of its charter, and become insolvent, and on that Occasion Zebina Newell, of Newbury, in the C bunty of Orange, was appointed Receiver of al the property of said Bank, and to proceed under the requisitions of the general statutes of this state to ICduce all said property, which was available, to cash, and also to receive all bills of said bank, and outstanding liabilities of the same,-.And wherens 11 IS necessary, in order to enable the said receiver to close the concerns of said bank, and make bis final report to this Court of the exact state of the same, that some time should be limited for the holders of the bills of said bank, and creditors thereof, to present their claims to said receiver. It is therefore ordered by the Court, that all claims a gainst said Bank shall be presented to said receiver, on or before the first day of September next, and in defaust there. of the holders of such claims will be forever barred of all right to payment of any part thereof, unless there should be found available funds sufficient to meet all the outstanding liabilities of said bank; and it is further ordered, that notice of the above order be given to such claimants, by publishing this order three weeks successively. in the Cale. donian and North Star, newspapers published in the countv of Caledonia, and in the Vermont Patriot and Vermont Watchman and State Journal, newspapers published in the county of Washington, within sixty days from this date. Dated at Montpeter, in the county of Washington, this 25th day of October, A. D. 1841. 29 ISAAC F. REDFIELD, Chancellor.