Danby Bank (Danby, VT)

Episode Information

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

Metadata

Notes

Court-appointed receiver and dividend notices indicate the bank was placed in receivership and did not resume normal operations.

Events (5)

1. September 18, 1863 Suspension
Cause
Government Action
Cause Details
Court-ordered appointment of a receiver and subsequent winding up of the bank's affairs
Newspaper Excerpt
On the application of A. L. MINER, Receiver of Danby Bank ... It is ordered that said Miner render his account
Source
newspapers
2. September 18, 1863 Receivership
Newspaper Excerpt
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.
Source
newspapers
3. December 1, 1863 Other
Newspaper Excerpt
A dividend of twenty cents and two mills, on the dollar, is ordered to be paid on the first day of December next ... payable at the Receiver's office
Source
newspapers
4. December 1, 1865 Other
Newspaper Excerpt
A second dividend of twenty cents on the dollar, is ordered to be paid ... payable on the first day of December 1865
Source
newspapers
5. February 1, 1867 Other
Newspaper Excerpt
There is a further dividend ordered to be paid to the bill holders and creditors of Danby Bank, of twenty cents on the dollar, payable on the first day of February, 1867.
Source
newspapers

Newspaper Articles (10)

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.


Article from Rutland Weekly Herald, October 1, 1863

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Article Text

TATE OF VERMONT, Rutland County, SS. 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 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, Vermont, 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. 1863 39 L. C. KELLOGG, Chancellor.


Article from Rutland Weekly Herald, November 12, 1863

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Article Text

ANBY BANK-NOTICE OF DIVD IDEND

A dividend of twenty cents and two mills, on the dollar, is ordered to be paid on the first day of December next, to those who presented the bills of the Danby Bank to the Receiver in the time allowed for that purpose. Said dividend is payable at the Receiver's office, lin Manchester, or at the Battenkill Bank, on forwarding to the Cashier of said Bank the certificates given by the Receiver. It is further ordered that all persons interested have notice of this order, by publishing the substance thereof three weeks successively in the Rutland Weekly Herald, previous to the first of December aforesaid. By order of the Court of Chancery, made at Rutland on the 28th day of October, 1863. A.L. MINER, 46:w3w Receiver of Danby Bank.


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


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


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


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.


Article from Lamoille Newsdealer, October 17, 1866

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Article Text

Lue Receiver Danby Bank-safety fund, $6,650 00 Due towns-U. S. Surplus fund, 11,176 18 Due Agricultural College fund. 4,187 10 Due extra State pay-estimated. 20,000.00 $63,340 19

CURRENT RESOURCES.

Balance in the Treasury, $28,576 67 Due on tax of 1865, 5,877 56 Surplus fund notes unpaid, 1,100 00 $35,554 23 $27,785 96

ESTIMATED CURRENT EXPENSES. Int on bonds and loans,, $96,000 00 Other state expenses, 170,000.00 For sinking fund-installment on bonds, 150,000 00 $416,000 00

Total current liabilities for the year, 143,785 06 To meet this sum a tax of 45 cents on the dollar on the grand list will be re-quired; and as our people in every department of business are prosperous, and have ample means to meet this amount of taxation.it will almost certainly be consonant with their wishes to pursue the policy of applying yearly $150.000 as a sinking fund, to lessen the funded debt in advance of its falling due.

Orders were drawn by me on the State Treasurer from Oct. 24, 1865, to Jan. 1, 1896, amounting to $7,669 51, which may be classified as follows: Services and expenses of recruiting officers. $128 45 Services and expenses of arresting deserters, 6 25 Defense of the frontier. 372 03 State pay prior to muster and pay of officers, 114 60 Expenses organizing State militia, 102 84 Expenses of State military commission at Washington, 129 60 Expenses of Adjutant and Inspector General's office, 300 00 Transportation of Vermont officers, soldiers, &c.. 890 14 Expenses of State Treasurer's office, December 1, 1864, to December 1, 1865. 5,625 60

Since January 1, 1866, all orders on the Treasury have been withdrawn by the Auditor of Accounts, in accordance with the provisions of the act approved No. 9, 1865.

STATE AID.

Hon. John Howe, Jr. agent for the distribution of State aid to soldiers' families, has made his final report, showing that from Sept. 1, 1865, to April 15, 1866, he disbursed, under the acts of April 26, 1861, and Nov. 14, 1861, the sum, in all of $582 17. The agent states that there is now no outstanding claim under either of those acts. I hereby transmit said report.

VOLUNTEER TROOPS.

Since the last session of the Legislature, the four companies of the 9th regiment and the entire 7th regiment of Vermont Volunteers have been mustered out of service. Those of the 9th were mustered out in the State of Virginia, December 1, 1965, and the 7th at Brownsville, Texas, March 14, 1866. From these points they returned to Vermont, where they were paid and discharged. Thus all the obligations of Vermont in connection with the active prosecution of the war for the preservation of the Union, have been performed, and all the organizations sent from the State, and of which have contributed so largely to its reputation and honor and to the final success of the national arms, have ceased to exist as such, and the officers and men composing them have laid aside their arms and assumed the garb of the citizen, and have quietly mingled with the mass of the community. All honor to these noble men that yet live: all respect, undying respect, to the memories of the fallen, who so cheerfully gave their own lives that their country might still continue to live! The original numbers that composed the different Vt. organizations for the war, were: Officers, 702 Enlisted men, 17.828 18,530

GAIN. Appointed commissioned officers, 58 Enlisted men, 10,379 10,437 Aggregate, 8,967


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


Article from Rutland Weekly Herald, January 24, 1867

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Article Text

ANBY BANK

D NOTICE OF DIVIDEND There is a further dividend ordered to be paid to the bill holders and creditors of Danby Bank, of twenty cents on the dollar, payable on the first day of February, 1867. The same will be paid at the office of the undersigned, in Manchester, or at the Battenkill National Bank, on the bill holders presenting their certificates for that purpose, at either of said places. Notice is ordered to be given of the same, by publication, three weeks in the Manchester Journal, and the same time in the Rutland HERALD, previous to the first day of February next Dated at Manchester, this 21st day of December, 1866. By order of the Chancellor, A. L. MINER, Receiver. jan1d&w3w