Bank of the State of South Carolina (Charleston, SC)

Episode Information

Episode UID
260034390803
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
26003439 hash
Start Date
November 28, 1866
Location
Charleston, South Carolina (32.777, -79.931)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aaac58e4e5c92e3f

Response Measures

None

Description

Governor's message (1866) recommends discontinuance/liquidation; federal order (1867) appoints a receiver for funds.

Events (2)

1. November 28, 1866 Suspension
Cause
Voluntary Liquidation
Cause Details
Governor recommends the Bank of the State of South Carolina be discontinued and its affairs placed in hands of Commissioners for liquidation.
Newspaper Excerpt
Bank of the State of be South discontinued, Carolina and Governor put recommonds into the hands to of Commissioners for ... whole liquidation.
Source
newspapers
2. August 7, 1867 Receivership
Newspaper Excerpt
It is ordered, that the Bank of Charleston and James Tupper... do forthwith pay over and refund the sums... into the hands of A. J. Willard, ... and the said A. J. Willard is hereby designated and appointed receiver thereof for the United States.
Source
newspapers

Newspaper Articles (2)

Article from The Charleston Daily News, November 28, 1866

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Article Text

ARLESTON 1866. WEDNESDAY MORNING, NOVEMBER 28, THE GOVERNOR'S MESSAGE. the pleasure of laying before his Excellency our readWe have morning the Message of written paper. of ers this ORR, an able and general well condition the State, depressed a word giving After Governor hastily glancing at state the of her industry, of cheer- and for recommendations ing the the hope failure for of the the future, crops, as he and thinks he proceeds will promote to make the such an terest of the State and her people. to provido He advises to the the Constitution Legislature of the State be consum- in reamendment the District Courts; which Ho can says the 3d gard to at the next session. of these Courts to mated article, limiting the jurisdiction have beon incorporated colored into people, the should Constitution, never left to and establish the Legislature such of the suwould then have been Courts as the interests Constitution of perior may and require. inferior As it the is, the legislation of Concounter to District gress. as The an experiment; Governor as owes indeed its all existence to State the State runs views the legislation Court and must only be considered that upon a revolution, state of things consequent in a state of transition. at the Dismade the for a dispensing society of Grand of Jurics the renire for loss the vises Court, and the reduction making the jury duty onerous, and at the same trict Petit Jury from 24 to 18, time saving the State a of large amount of several money. other recommendations of justice; He makes in the administration of Deeds and Notaries others salutary in reforms regard to Commissioners Public. to the importance of of modifying the ostabHo next rofers law of the State, in viow to public the criminal penitentiary; is opposed the imand lishment whipping of at the a whipping-post law against speaks sheriffs of portance for of neglect enforcing of duty the in No allowing less than prisoners seventy State to jailors, oscape from are their said custody. to have escaped in this of prisoners within the last fow months. election for members that He recommends held the bionnially, on the chosen, day 80 Congress of to the be General Assembly seats in the are December membors that they will much take their better arrangement elected than fourteen forfollowing,- members were seats. merly, when could take their months before they to the transfer of jurisdiction thinks military to the the action from He the next adverts thus far has civil justified authority; negroes of to that experience Assembly in permitting the Governor 1 the Court. From this labor and the on to speak on the discouraged their his testify General in he has subject of here migration, passes freed- labor men-that "If the negro remains remunerativo to subsist and be made Schools must be to and clothe him his children, and his moral the passage of an lished must for says: educate recommends training." sufficiently comfortably. churches act of mak- built the esHe also on the Commissioners the various ing it incumbent suitable buildings accommodation at and Poor freedmen. is District to provide Poor of Houses aged, infirm for the and helpless in the Message subsistence of discussion that The next subject State. From this we learn the revenue of the received into the treasury amount the entire the revenue year, is $477,743.97 31st of October, this during in the treasury on of jeet to draft, a national currency. there was balance of the $173,055.03, important which sub$73,245.35 was in soveral The Governor recommends of taxation ; among income them we fear changes in the matter and stamp duties, and an circum- to stances, our system tax, which, of licenses under will existing not prove internal very revenue palatable the y it be The citizens. Bank of the State of be South discontinued, Carolina and Governor put recommonds into the hands to of Commissioners for 0 t an that early whole liquidation. amount of the public including debt, the principal debts t n contracted and The interest, for of or this on account State, $5,205,227.74. not of the war, was, The on Gov- the day of immendations for ernor makes soveral of this debt, and to first the arrangement October last, and interest. providing in reference the to the payment solected of principal by the Oommissioners is within the for cor81, establishment The site of Columbia, a penitentiary facing the canal, Carolina about 1. porate limits above of the depot of the South of the buildRailroad. half a mile The architect is in confident charge that he will for in ings, cells Captain in readiness T. B. LEE, by the first of January n have the reception of convicts. leniency and forbearance of the Gov. ORR recommends creditors to debtors, in view part to gor in on the crops part made of this year in the almost abolition every of im- the of ethe bad State. He again debt. urges He also recommends Bof prisonment passage South of a for Homestead Carolina University Law. There is the are at next present topic W adverted The to in the Message. attendance. Governor Onn ho de re recommends sixty-five Medical students the School, appointment in and successful one of of two Law, Professore to departments into of a ad ns also Modern Languages, from for He those the two advocates of the establishment reduced and recommends operation. profes- put the is for Borship that the Board of number Trustees to seven be members. he present unwieldy refers to the failure of with the legis corn ter and recommends to lative The scheme Governor for supplying a further the consideration people of the ce 1Z, subject. A general Incorporation Act is strongly recom re mended consideration in the Message. of the Constitutional Amond the at ba, he. The proposed by Congress, next treats engages it very briefly rs, tention ment, of the Governor. it unnecessary He to do more already than les seeming to think the many strong concurs. arguments AN t his recapitulate against it, in which "It he is unnecessary at brought In conclusion, he which says has been so far decided State dwell upon a subject of the people of the erpiby the public opinion in saying that if the Constitu don that tional I Amendment am justified is to be adopted, let it be


Article from The Charleston Daily News, August 9, 1867

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Article Text

QUINN, copies of Orville Colege, by Mrs. HENRY WOOD, author of East Lyme, and The Rebel Chief, by GUSTAVE AIMARD, authorof thr Prairie Flower, and other works. The Rebel Chief is a tale of guerilla life, and will prove interesting to those who have some experience in this mode of warfare. Both of these Books are well gotten up, and from a cursory glance at thoir contents, will well repay the time spent in their perusal. Mr. QUINN has a large and full supply of modern literature at his King Street Stand, and can accommodate his customers with the latest novels and periodicals. DECREE OF THE COURT OF EQUITY ANNULLED. HEADQ'ES. SECOND MILITARY DISTRICT, CHARLESTON, S. C., August 7, 1867. [SPECIAL ORDERS, NO. 119.] (EXTRACT.) 1. Whereas, upon a bill of complaint filed in Equity in the Court of Chancery of South Carolina, by the Bank of Charleston 0S. James Tupper and the President and Directors of the Bank of the State of South Carolina, to which bill the Merchants' Bank of South Carolina at Cheraw and John T. Sloane were afterwards, upon their respective petitions, admitted to answer as defendants; a decree was made and entered by H. D. Lesesne, a Chancellor or said State, on the 5th day of March, A. D. 1867 ordering and directing James W. Gray, Master in Chancery, to pay to the Bank of Charleston the sum of five thousand two hundred and twentythree dollars ($5223) in specie, and to the Bank of Charleston and the Bank of Cheraw, jointly, the sum of five hundred and seventy-four dollars ($574) in specie, and to Hayne & Son, solicitors, representing John T. Sloan, and certain claimants on account of horses sold for the use of the Confederate army, the sum of three thousand dollars and thirty cents ($3,000 after deducting costs of suit, and giving certain directions in respect thereof; and it appearing by the statements and sworn answers of the parties above named, that the monies so ordered to be distributed constituted the balance of a fund created by a loan or advance made by certain banks of the State of South Carolina, in the early part of the year 1865, to aid the so-called Confederate government to remount a certain portion of the cavalry force with which it was endeavoring to resist the military forces of the United States, which balance, amounting to the sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8,797 30) in gold at the time of the military occupation of the State aforesaid, and at the time of the surrender of the Confederate armies, remained unexpended in the hands of the Bank of the State of South Carolina, deposited to the credit of James Tupper, Auditor of the said State and it appearing that said decree was procured to be made by consent and connivance of James Tupper, Auditor of the State and the Bank of the State of South Carolina, the general fiscal agent of said State and it further appearing that neither the United State government nor the State of South Carolina appeared in said proceedings in Equity, or submittedtheirrespectiveright to the determination of the court-that the United States authorities had not notice of the proceedings aforesaid- that irregular and unusual means were employed to prevent knowledge of the said suit, and of the existence of said fund from coming to the United States authorities, of which it is alleged the said Chancellor and the parties before the court and their counsel were cognizant; and it further appearing that the said sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8797 30), was the property of the United States at the time of the proceedings aforesaid, and that the Chancellor had no jurisdiction or authority to warrant his disposing of or interfering in any way with said monies, the same being a part of the funds of the United States: Therefore it is ordered, that the said decree in Equity be reversed and annulled as without jurisdiction, erroneous, irregular, and a fraud upon the rights of the United States. 1. It is further ordered, that the Bank of Charleston and James Tupper, Porter & Conner. the Bank of Cheraw, Simonton & Barker, J. L. Gantt, Register, Hayne & Son, and James W, Gray, and John T. Sloane, and such other person or persons, or claimants as have received any portion of the said sum of eight thousand seven hundred and ninety-seven dollars and thirty cents ($8,797.30), do forthwith pay over and refund the sums by them respectively, as received in specie, into the hands of A. J. Willard, at the office of the Bureau of Civil Affairs for the Second Military District, at the Citadel, Charleston; and the said A. J. Willard is hereby designated and appointed receiver thereof for the United States. 2. It is further ordered, that the said receiver have authority to take proofs, and ascertain and determine all persons to whom any portion of said funds has been paid, whether claiming through the said John T. Sloane or otherwise; and for that purpose to summon witnesses, administer oaths, and take. depositions; and that he report without unnecessary delay any person or persons, or corporate body in default for non-compliance with the terms of this order. 3. It is further ordered, that any deficiency that shall remain of the said sum of eight thousand seven hundred and ninetyseven dollars and thirty cents ($8,797 30) in gold, in consequence of the respective distributees thereof failing to pay over and refund, as ordered, shall be made good and paid by the Bank of the State of South Carolina and James Tupper, upon their being notified of said deficiency by said receiver. 4. And it is further ordered, that the said receiver take proofs as to the means employed by any person or persons to conceal from the proper civil and military officers of the United States, knowledge of the existence of said fund, or of the said suit, or of the decree therein pronounced, or of the proceedings under said decree, and whether the United States have been prejudiced thereby, and what person or persons have rendered themselves amenable to the United States by reason thereof, and the nature and extent of such responsibility and that said receiver report thereon with all convenient dispatch. By command of Major-General D. E. SICKLES J. W. CLOUS, Capt. 38th U. S. Infantry, A. D. C. and A. A. A. G. Official J. W. CLOUS, Capt. 38th Infantry, A. D. C. and A.A. A. G. THE FAIRIES OUTDONE.-The Princess, in the Fairy Tale, dropt pearls from her mouth when she opened it, but whoever uses that tajisman of science, SOZODONT, will have a mouthful of pearls wf2 that will never drop out, darken or decay.