Commonwealth Bank of Richmond Receivers' Cashbook, 1913-1917

Access and use

Location of collection:
Library of Virginia
The Library of Virginia
800 East Broad Street
Richmond, VA 23219
Contact for questions and access:
POC: Archives Reference Services
Phone: (804) 692-3888
Restrictions:

There are no restrictions.

Terms of access:

There are no restrictions.

Preferred citation:

Commonwealth Bank of Richmond Receivers' Cashbook, 1913-1917. Local government records collection, Richmond Court Records. The Library of Virginia, Richmond, Va. 23219.

Summary

Creator:
Richmond (Va.) Circuit Court
Language:
English
Preferred citation:

Commonwealth Bank of Richmond Receivers' Cashbook, 1913-1917. Local government records collection, Richmond Court Records. The Library of Virginia, Richmond, Va. 23219.

Background

Scope and content:

Commonwealth Bank of Richmond Receivers' Cashbook, 1913-1917, documents the cash received and disbursed by receivers James W. Gordon and John B. Lightfoot, Jr. as they oversaw the dissolution of the bank. Information found in each entry includes the date, type of transaction, and the amounts received or disbursed. Also included in the back of the volume is an inventory of books and records found in the banking rooms and vaults along with an inventory of furniture left in the bank.

Biographical / historical:

The Commonwealth Bank operated in Richmond, Va., during the early twentieth century. The bank was known as the Realty Bond and Trust Company before changing its name in 1906. In August 1913 the State Corporation Commission of Virginia placed control of the bank in the hands of receivers after determining that the bank was not fully observing the banking laws of the state. Generally, receivers are a neutral person appointed by the court to receive and preserve the property in litigation and to apply or dispose issues and profits at the direction of the court. James W. Gordon and John B. Lightfoot, Jr. were placed in charge of the bank's affairs and assets and were authorized to oversee the dissolution of the bank. The business of closing the Commonwealth Bank concluded in 1917.

Acquisition information:
This item came to the Library of Virginia in shipments of court papers from Richmond.
Physical location:
State Records Center - Archives Annex, Library of Virginia
Physical description:
1 v.