Merchants National Bank (Memphis, TN)

Episode Information

Episode UID
140700884
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
14070 national
Charter Number
1407
Start Date
August 31, 1873
Location
Memphis, Tennessee (35.150, -90.049)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e4b2dc9a073e3710

Response Measures

None

Description

OCR errors corrected (e.g., 'goss' -> 'goes'); articles state the bank is going into liquidation/closing.

Events (3)

1. July 8, 1865 Chartered
Source
historical_nic
2. August 30, 1873 Voluntary Liquidation
Source
historical_nic
3. August 31, 1873 Suspension
Cause
Voluntary Liquidation
Cause Details
Articles state the Merchants' National Bank of Memphis 'goes into liquidation' and 'will close its business.'
Newspaper Excerpt
the Merchants' National goes into liquidation.
Source
newspapers

Newspaper Articles (2)

Article from Nashville Union and American, August 31, 1873

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Article Text

Condensed Telegrams. A new bank entitled, the State National, opens business in Memphis to-morrow, and the Merchants' National goss into liquidation. The receipts of cotton the past season at Memphis are 36,000 bales ahead of 1872. The last spike was driven yesterday on the Cairo and Fulton, Ark., railroad, connecting the Southwest with the Northern system. The coroner's jury on the death of Dr. Mears at Clarksville, Ark., have dev veloped that his assassin was a personal enemy. Erie wants to negotiate a loan of forty millions in Europe. Irving offers to produce the note book of the murdered Nathan, if he is taken to New York. Wali street was electrified yesterday by an attempt to negotia'e a loan of $25,000 on forged bonds of the New York Central. The would-be borrower escaped, but it is feared he duped others. Later reports say $250,000 of the fogeries have been placed. The Model Oil Refinery at Freeport, Pa., has been burned-Loss $525,000. Galveston has suspended its quarantine against New Orleans. A Presbyterian college at Greencastle, Ind., was burned yeste: day - -Loss $12,000. The porkpackers of Ciocinnati will make a present of their hog cartooons at Vienna to the city of Pesth, in Hungary. Letters for naval officers and seamen must be prepaid. Among the prizes offered by the Nebraska State Fair are sixteen "fine farms." A Philadelphia clerk stole $70 yesterday and then S ruck himself with a dumb beli, simulating unconsciousness as if stunned by robbers. He'l steal more and succeed better next time. FOREIGN. And now comes Alfonso, Isabella's "infant" to join in the Spanish scramble for a tottering throne. The Cartagenists have hoisted the black flag is response to an invitation to surrender. France will pay the last cent of her German debt on Oct. 14. The Government has abolished the war-indemnity tax on imported breadstuffs. The Princess f r-Lorne is enceinte.


Article from Whig and Tribune, September 6, 1873

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Article Text

STATE NEWS. aged 76. of Hum the death The Mc Kenzie of Mrs. Times Mary announces Denny, claims boldt Our neighboring to have town 3500 populahas been tion. The enlarged, Memphis and of Fair Stewart size. The first be annual held October 14th. at Dover, com county will Tuesday, of Chatta mencing Capt. fell Ben. dead S. Nicklin, a few days ago, nooga, apoplexy. of formerly from John G. Finnie, at Lancasthe Memphis Friday ter, Ky., on Mr. bar, died 22d inst. grass seed The Times says the heighborhood any of McKenzie will be sown in this fall than in preceding first season. class freights New York have been and All between 10 per hundred reduced Nashville, from hundred $1 pounds. to 70 cents per National Bank withThe Merchant's decided to once draw of Memphis, from business, has and will at close its business. Dibbrell, Dibbrell, the moth- died aged 87 at er Mrs. of her Gen. Anthony home Goo. years. in Sparta G. the records other 77th day, The Paris Intelligencer Mathis, in his of the death year, of in Thos. the northern part Henry or two county. Middle Tennessee George pa- W. One run Hon. Governor pers want of Fayetteville hence. for Wait. Norman Jones, more than a year has been Mr. John B. President Grant store- Tenkeeper appointed for by the 7th district of inbeen vited-and is before the nessee. Mr. Jefferson expected- Davis has Haywood deliver an address next month. county Fair of the Supreme term met at the A special of this State, as Nash Court in the Capitol, inst. hun Court Wednesday room last, six ville The Banner dollars says that worth of Nash- buil dred thousand been erected in dings within have the last five months. ville of the Gilbert Sis J. M. Gilbert, recently had a surgiand ters cal operation Troupe, performed of on Lebanon, him by Dr. J. is rapidly L. Thompson convalescing. editor of the of Brownsville the Union The and Chambers to hurl their States, City Herald continue at the "New State maledictions, A heavy pair. Movement.' Brownsville "have editor The is a lawyer, law?" asks We are a mechanic's answering lien conundrums now, not and decline to say. well known Mr. C. A Bard, Gilbert, the Parks & Co., book keep of died at his father's last of Nashville, in Marshall county Saturday, residence Aug 80th. name SwansonCol. Richard everybody who or knew more familia rto Williamson county thirty his home in at in Williamson years ago-died county, Aug. 13th, the 83d year of his Edmondson, age. wife Mrs. Laura F Edmondson, died a of Rev. Jno. A. her father, Frank the residence of miles South last week. Franklin, Hardeman, on five the Lewisburg pike, held a meeting last in week, Edgethe field, They opposite Nashville, feasibility of a nar Clarks to row discuss gauge Nashville, railroad by from way of Ash ville land, to Cheatham county. of The Clarksville Tobacco opposition Leaf mildly speaks of of the the press of "in- the Crazy men large State portion to the Funding deem job every as body sane.' else insane, but themselves. well known Harry Van about Liew, Nashville a and "gambolier, was arrested at of Nash lar Kansas. Memphis, ville last week, on He 2 charge has been ta ceny ken to in Kansas on a requisition. with the The Times i3 wrestling McKenzie has conundrum whether We don't corporation or not. and india having geen the know, cations never of it while "waiting for cars.' admire the frankness, to but risk do We means propose not, by any dollar on the judgm our bottom Brownsvillo States, in move- its op position of the to the "Grange" ment. Rev. J. B. West, who of West was The elected President Trustees last Tennessee week College by the the Presiwe learn, has Clarksville resigned Female dency Academy, of the over which he has presided for seven years. The McKenzie Times says Black Dan a colored iel MeSpadden, residing a mile west of that smith, town, went to bed in apparent and good af one night last week, and health fell from the bed, was ter awhile dead when his wife got to him The editor endorses of the Jeff Shelbyvill Davis' Commercial speech at the Montgomery says cent White Sulpher Springs, and next war will be for self-gov ernment "the against a Grant monarchy Every bot tail paper we pick "Cee up days has an article on we are now Some of them, have charitable sarism.' enough to believe, of what they are talking an idea but a large majority of them the know bout; as little as they do about planetary system. The Bolivar Bulletin says some to as person attempted unknown aassinate Mr. Monroe Macon,