The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-06-23
Sale OF the Effects Of tho Farmers.
BANK OF Virginia. .'@ -

rms sale commenced, according to an.
pointment, on the steps fthe Custom-house
building, yesterday morning. It was at
tended by many moneyed men and other
interested parties from abroad, as well as
by large number Of Richmond bankers.
lawyers and merchants. The sale was con-
Quoted by Messrs. Isaac Davenport and
Chas. E. Wortham, of Davenport & CO..
under the direction Of Nessrs. d. j. Saun
ders and 5. Z. Tardy, the receivers of the
bank. Bidding was quite spirited, and the
prices brought for the claims were really
very good. although they may have seemed
small to the casual spectator. Thousands
OF dollars were frequently knocked down
for as many cents, while in many cases the
claims were sold for double the amount
named on the face of the notes.
The largest sum realized by the sale of
any one item was that for which the gold
claim was knocked down. just after the
breaking up of the Southern COnfederacy
] the United States Government seized $780,
600 in gold belonging to the Bank of Vir-
gnia and Farmers Bank of Virginia
money which had been taken away from
Richmond by agents of those banks at the
| time of the evacuation of the city to pre-
| vent its falling into the hands Of the enemy.
| The seizure was made i'll Georgia, and the
money, having been converted into about
Sl30,000 in greenbackS, was deposited in
the United States Treasury Department
at Washington. Heretofore all efforts for
| the restitution Of the whole or any part of il
have proved unavailing, but it was stated
yesterday that Il prominent lawyer of Wash
| ington had offered to collect it fer - per
cent. The share of the Farmers Bank is,
in round numbers. about $50, 900. 1t was
started at 81, 800, Mr.. Davenport being the
bidder. 1t was then run up first by hum
drcdS, and then by thousands, until it was
cried for sc, 900; hung long while be-
tween $4,000 and SO, 900; passed $4,000
| by 500; and was finally knocked down to
| Terry & Co. for So, 800. The purchasers
seemed satisfied with the price paid.
! The sale proceeded rs cXpeditiously rs
possible, but it was apparent early in the
day that it could not be finished before
night. The claims of the mother bank and
of the branches ut Petersburg, Charlottes-
| vile, Winchester, Fredericksburg, Alex
andria, and Danyille, were all disposed of,
the best price being paid for the Winches-
ter paper. Of the latter 4 note for $500,
with two endorsers, oo% which fell due in in
1861, was sold for $4,000 another for S9DG
brought $500; aud still another, calling
| tor SS07, brought 81. 800. The Charlottesville
ana Petersburg claims also sold remark;t.
| bly, well, and those due the Fredericksburg
branch, owing to peculiar circumstances,
generally understood, seemed to be tie
least in demand.
The sale will be resumed at the same
place this morning at 10 O'Clock, about half
of the effects still remaining unsold. We
should remark that it is conducted against
2 protest formally entered yesterday. Be-
| fore the first item was cried MIR. VIM. Fl.
Ryan, of Baltimore, desired to know of the
receivers whether the printed list distribu-
ted among the crowd was full and accurate,
embracing ALI the claims due the bank.
Gen. B. r. Johnson, counsel Or the reccv-
ers, replied that the gentlemen must apply
| to the court for an answer to that question.
Mr.. Ryan then protested i'll writing against
the sale going on, not only because there
was no evidence that the aboye-named list
was full and accurate, but because the cred
itors of the bank had not received proper
notice. Mr.. j. L. Williams, Of the firm Of
Lancaster & Co., brokers, of this city,
united i'll this protest. '.-.' T