Timeline of West Virginia: Civil War and Statehood
September 1861

Richmond Daily Dispatch
September 12, 1861

Bank of Philippi notes.

--A widow lady told us the other day that she had a small amount of money in notes on the Bank of Philippi, and could not pass it except at a heavy discount. It is singular how the credit of this sound institution is impaired here. We tell our readers again to submit to no shave on its notes. It is true that Philippi is now in the hands of the Federalists; but it is also true that the money, books, notes, and papers, belonging to the bank, were brought away upon the approach of the enemy, as authorized by an ordinance of the State Convention. The stock is mostly owned in Eastern Virginia, and at a meeting of the stockholders recently held in Charlottesville, they determined to remove their bank to Goodson, a flourishing little town on the Virginia and Tennessee railroad. The president and cashier have both visited our city lately, but they could buy their notes at no considerable discount. Due notice will be given through the Dispatch of the reopening of the bank.

Timeline of West Virginia: Civil War and Statehood: Undated: September 1861

West Virginia Archives and History