Lake City Bank (Lake City, FL)

Episode Information

Episode UID
1501395991099
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
150139599 hash
Start Date
July 9, 1891
Location
Lake City, Florida (30.190, -82.639)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7f2ec6697e2d7c65

Response Measures

None

Description

Receiver appointed and bank property sold later, indicating permanent closure.

Events (3)
1. July 9, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Collapse expected for months; county funds affected and insolvency suggested.
Newspaper Excerpt
Lake City's Pank Failed. LAKE CITY, Fla., July 9.-The Lake City Bank suspended without notice to-day, although the collapse was expected months ago.
Source
newspapers
2. July 15, 1891 Receivership
Newspaper Excerpt
The indemnity bond of $25,000 on the part of the injunctionists in the Lake City Bank case and Receiver Hagen's bond for $20,000 were filed and approved ... Capt. A. B. Hagen has taken formal charge of the bank as receiver.
Source
newspapers
3. October 9, 1893 Other
Newspaper Excerpt
the lot and buildings, fixtures and furniture of the Lake City Bank, which was offered by Receiver A. B. Hagen ... was finally knocked off to Mr. J. D. Callaway for $1,250.
Source
newspapers

Newspaper Articles (6)
1. July 10, 1891 Evening Capital Journal Salem, OR
Article from Evening Capital Journal, July 10, 1891

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Article Text

diet of baked apples and cream which greatly agrees with him. He has been daily out driving with Mrs. Blaine and the rest of the afternoon takes short walks. It is a yarn about his being propped up with pillows in bed. He never retires except at his usual time of night. Dr. Taylor says Mr. Blaine will be in his usual health again inside of a month. The death of Mr. Hamlin was a great shock to him. Mr. Blaine himself authorized the statement that he has no idea of resigning bis cabinet post. BANK ASSIGNED. MINNEAPOLIS,July 10.-FallsCity bank made an assignment this morning. Major Tillman, cashier says the liabilities are $431,000 assets (nominal) $1,223,000. Depositors will be paid in full and stockholders will possibly get 35 cents on the dollar. BAILROAD ACCIDENT. RIDDLES, July 10.-The overland train, in passing through Cow Creek canyon, loosened a large mass of earth, which came down in the shape of a slide, shoving the engine, mail and baggage cars from the track. The engine was considerably damaged, and the engineer had one hand slightly bruised. There was no other casuality. Charles Piper was in the mail car as mail agent, but was unhurt. KNIGHTS OF LABOR. NEW YORK, July 10.-General Master Workman Powderly bas issued a special circular to all local assemblies of Knights of Labor on the question of the proposed industrial conference which is to be held July 29th, to take up the platform of the farmers' alliance and join hands with the third party. The call re celved 80 little response outside of the Knights that Powderly deemed it wise to declare it off for the present and to hold a meeting on Washington's birthday, 1892. ANOTHER BANK FAILURE. JACKSONVILLE, Fla., July 10.Lake City bank failure is more serious than supposed, and the general impression is that it is a complete wreck, though the president says he will pay up. CAUSED BY GRIEF. NASHVILLE, Tenn., July 10.-Nashville society people were yesterday shocked by the announcement that Miss Effie Scovel, one of its leading members, had attempted suicide. Investigation showed that the young lady, who has been 80 depressed since the death of her mother last December that she scarcely left her room, bad this morning while in bed, reached over to a stand and grasped a large navv pistol, and deliberately placing the muzzle near her left breast, she pulled the trigger. Physicians found that the bullet had entered the chest cavity, but had not gone deep enough to touch the heart. It could not, however, be definitely located, having glanced on a bone. Her recovery is doubtful. Her sister, Miss Bettle Scovel, is literary manager of the leading faith cure paper of America. FOR IMMORAL CONDUCT. SAN ANTONIO, Tex., July 10.R. W. Moore, special treasury agent for Texas, returned yesterday from El Paso, where he has been investigating the accounts and character of Frank B. Clarke's collector of eustoms at that point. Colonel Moore has recommended Clarke's removal, on the ground of immoral conduct and neglect of business. Clarke's government accounts are all right. The dep osed efficial is young, hand. some, and one of the most influertial republicahs in this district. COMING TO TRY COLONEL COMPTON. SAN FRANCISCO, July 10.- Yesterday a military party left for the North, having been appointed members of the court to meet at Walla Walla, Wash., on the 15th instant. The party includes BrigadierGeneral Thomas H. Ruger, Colonel William R. Shafter, Lieutenant-Colonel William M. Grabam and Major A. C. Wildrick. General Ruger is accompanied by his aide, Lieutenant Leonard A. Lovering. FIRE IN A SHINGLE MILL. SNOHOMISH, Wash., July 10.--

2. July 10, 1891 The Morning News Savannah, GA
Article from The Morning News, July 10, 1891

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Lake City's Pank Failed. LAKE CITY, Fla., July 9.-The Lake City Bank suspended without notice to-day, although the collapse was expected months ago. The deposits caught are possibly $15,000 to $20,000 only. No facts about the assets or any other direct information is obtainable. A receiver may be appointed. Noyes 8. Collins, James E. Young, John V. Brown and W. J. Winegar are the stockholders.

3. July 15, 1891 The Morning News Savannah, GA
Article from The Morning News, July 15, 1891

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FLORIDA. Loads of melons are decaying in the warehouses at Palatka on account of heavy shipments and over-supply. Benjamin Harrison, late of the Tallahassee Floridian. is now assistant editor of the Jacksonville Standard. Editor G. A. Stevens has sold his interest in the Bartow Courier-Informant to Joe Varn, a talented school teacher of that place. B. E. Thompson exhibited a cucumber at Live Oak last week he grew on his farm that measured five feet ten inches in length and weighed 58/4 pounds. Dr. Carl Hartman, late of Rollins College, Winter Park, has accepted a flattering call to the chair of modern languages at the Centenary Tenn. Female College of Cleveland, Owing to a failure to negotiate the Lee county bonds issued for the purpose of erecting a court house, they have been ordered burned on the first Monday of next month before the court house door at Fort Myers. The Leesburg Orange Brokerage Company, consisting of well-known business men of Leesburg, has been formed, and will be ready for business when the orange season opens up next fall. J. F. McClendon is president, T. J. Ivey secretary and treasurer, and the managers are E. J. M. Padget. A. Stivender and H. C. Edwards. The indemnity bond of $25,000 on the part of the injunctionists in the Lake City Bank case and Receiver Hagen's bond for $20,000 were filed and approved in the county clerk's office at Lake City Monday. President Collins of the bank stated that, outside the county funds, which were secured, $9,500 would pay all the bank owes, that nobody would lose a cent in the end, and that the bank was in better condition than for a year past. Capt. A. B. Hagen has taken formal charge of the bank as receiver. The Palatka correspondence of the NEWS writes as follows: "John Pointz, the boy who shot a negro girl who was stealing from his father's premises some time since, was shot at by a negro man on Saturday evening. The motive was revenge for the injury to the girl. Pointz was in the Hart blook where he resides and stepped into the hall, when he saw the man at the hall door, and as he was suspicious, having been fired at before, stepped back. The negro shot and the ball struck where he was standing. Sheriff Shelby arrested one man on suspicion, but released him. He arrested another who ran but when the sheriff fired at him he stopped. Pointz identified him and on his person was found a revolver with one chamber empty." He was put into jail. John A. Graham was in court at Jacksonville Monday under an indictment charging him with obtaining $1,090 on 1,000 acres of land on false representations. Through such misrepresentation Graham obtained of Francis Irsch a check on the Seventh National Bank of the City of New York, signed by Irsch, for $1,090. The attorneys for defendant moved to quash the affidavit, upon the ground that it was the right and duty of deponent to inform himself from the public records of Pasco county whether or not Graham owned the land or had power to convey the same. Defendant's counsel read authorities to support their motion, and Mr. Call argued strongly against grauting the same. Judge Owen, upon consideration of the whole matter, granted the motion and discharged the defendant.

4. July 30, 1891 The Morning News Savannah, GA
Article from The Morning News, July 30, 1891

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FLORIDA. The troops broke camp at St. Augustine Tuesday and returned home. The confederate reunion at Dade City Saturday promises to be a big thing. A tax of $7,500 is to be levied in Citrus county for the purpose of erecting a jail and court house. E. F. Canova drew $40 from the bank at Jacksonville Saturday, and lost it in A few minutes on the streets. A number of carrier pigeons were released at Pensacola Monday to return to their home in Washington city. It is reported that the Rev. Mr. Lee of the Episcopal church of Palatka will shortly sever his connection with that parish. A large rattlesnake was killed in Mr. Bevill's house at Fort Pierce a few days ago. It measured over six feet, and had seven rattles and a button. The general merchandise store of William Allen at Sorrento has recently been made an alliance store. His trade has increased 50 per cent., and he is doing a good business. At a meeting of the stockholders of the First National Bank of Palatka, Monday. a proposition was made and sent on to the authoritiesin Washington by their examiner here. It is the opinion of many that the bank will resume business. Orlando Record: A Florida farmer who is an accomplished lady and whose husband is a prominent practicing physician in Jacksonville is Mrs. Matthews. She sings and plays, reads well, talks and dresses well and the potatoes she raises can't be beat-that is, if they are all like those she sent the editor of the Record. Her place near this city she calls Glen Ilda. Mr. McAlister of Palatka was severely cut with a razor by a negro in St. Augustine, Monday night. It seems that he engaged the negro to drive him to the encampment. The negro charged the oxoΞ“bitant price of $3. He refused to pay it, which brought on an altercation. Mr. McAllster was out under the left shoulder, the gash being about two inches deep and five inches long. A young white boy about 12 or 14 years of age, named Lowe, was carrying shingles up to where they were shingling the roof of the conveyer at the elevator in Fernandina Friday, and when about the low part of the roof, lost his footing and fell about thirty feet, and was caught by the chin on the conveyor chain. The blow made a gaping wound under the chin, aud brought his jaws together with such concussion as to split several of his teeth. Palatka Herald: The home of Peter Petermann, on the Heights, one mile west of town, contains five acres with a handsome residence, stables and outhouses. There is also an orange grove of four acres. From this grove there was shipped last year over 1,000 boxes of oranges, and this year the crop will be much larger. There has never been a year yet that there wasn't an offer of from $1 per box on the trees and upward. With proper attention a grove can be made remunerative in six years, a tiller of the soil can in the meantime make his living by cultivating between the rows. Gainesville Sun: Report was brought up from Micanopy Monday that Harmon Murray had been shot. It seems that McKinney, the man Murray shot at the other day, has been hunting for the negro ever since the day Murray shot at him. McKinney located his man Saturday night in a house on the outskirts of the town of Micanopy. Being alone, he was afraid to tackle the outlaw single-handed, as hemight get away again. So he blew his horn for two hours for help. The people in Micanopy heard the blowing, but did not know what it meant. Finally Murray came out of the house, about daylight, when McKinney at once fired upon him, and says he thinks he hit him. Murray, however, made good his escape. Noyes S. Collins, president of the Lake City Bank, recently suspended, has been arrested on two counts, the warrants being issued by Justice Frank D'Ferro on affidavits filed by James E. Young, the one charging him with the receiving of certain money and defaulting as to the same; the other with obtaining money under false pretenses. Both affect the county funds, and the latter involves W. J. Winegar of

5. October 9, 1893 The Morning News Savannah, GA
Article from The Morning News, October 9, 1893

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arbor covering three-quarters of an acre. says It produced the past season between 800 and 1.(0) bushels of grapes, and that he pastured eighty head of hors for three weeks under the vines. and that they did finely. The board of pardons has. acted on the following cases: A. M. Nobles Escambia, adultery, tine-paid: pardoned and restored to citizenship. Joe Peacock. Walton. murder, sentenced to be hung: commuted to imprisonment for life. Henry Sheffield, Suwannee, selling liquor without license. fined $150 and costs: commuted to $50 and costs. Marcellus Oliver, Orange, rape: pardoned. The Cuban citizens of Tampa are making preparations for a grand and impressive demonstration next Tuesday in commemoration of the proclamation of the independent of the Island of Cuba by Carlos Manuel de Ces pedes, the leader-of the revolution of 1868. At sunrise the American and Cuban flags will be raised side by side on the poles on the Cuban opera house, and they will be saluted by twenty-one guns. Henry S. Fowler, white, of Washington county, was on trial before United States Commissioner Tunison at Pensacola Friday. Fowler was arrested on three charges-selling liquor without license, having an unregistered still in his possession and threatening the lives of Deputy United States Marshals Ball and Ward. United States District Attorney Summers represented the government. Fowler was required to furnish bail in the sum of $1.600 for his appearance at the next term of the United States court. Orange City Dispitch: A gentleman and la dy from Enterprise drove up at Orange City Monday and expressed their desire to transact a little business in which the services of a justice of the peace were necessary. They were conducted to the presence of H. P. Burrill. N. P., who immediately dispatched a runner to his residence to bring down the big document containing the sacred words that welds the bolts by Cupid thrust. When the book finally arrived Mr. Burrill invited the hymeneal seekers to his parlors over F. "C. Graham's store, taking that gentleman and Mr. J. E. Stillman along as witnesses, and in their presence the marriage contract was solemnized. The groom, Mr. J. J. Aydlott, was married to the same lady, Mrs. Betty Linder. about ten years ago, to whom were born three children. Intemperance caused the wife to seek and obtain a divorce and was afterwards married to a Mr. Linder. who in a like manner failed to please the lady, who "wished to be single again." Another divorce and the subsequent marriage to the first love was the legend of Monday's proceedings. Lake City Tobacco Plant: Monday was legal sales day, and though a good deal of property was advertised to sell on that date, but one or two of the sales took place, the others being continued or restrained. But among the property cried off was the lot and buildings. fixtures and furniture of the Lake City Bank, which was offered by Receiver A. B. Hagen. under decree from Judge White. There were several respectable bids for the lot and building, but it was finally knocked off to Mr. J. D. Callaway for $1,250. This was a good sale and at the same time a bargain. and it makes Mr. Callaway the owner of one of the best improved and most desirable complete business squares in the city, lesides his other properties. Col. Blackwell of Live Oak bought the counters, railings and gates for $76. which looks as if he contemplates starting a bank. Mr. A. J. Henry bought in the great iron safe. for the county, at $400. It is a bargain and the county needs it The other odds and ends were bid in by various parties and all sold well. considering the nature of the sale and the stringency of the times. The sale yielded a total of about $1,800. in round figures.

6. January 26, 1894 The Morning News Savannah, GA
Article from The Morning News, January 26, 1894

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FLORIDA Will Wallace Harney, the poet, lives in uiet and peace at Orlando with his wife. E. H. Jonet is setting out an eight acre grove of oranges, lemons and grape fruit at Lake Weir. H. McKee reports the sales of phosphate of the Belleview mines larger than ever before at this season of the year. Wm. Carnegie's stable. at Stafford, on Cumberland Island. was destroved by fire Saturday night. Seven horses were burned to death, among them a blooded stallion valued at $5,000. In the United States court at Jacksonville Wednesday morning a verdiet in favor of the plaintiff for $1,075 82 was rendered by the jury in the case of T. B. Merrill, receiver, vs. the Lake City Bank. A fisherman for V. B. Mellvaine, of Tampa, brought in a mullet Wednesday that weighed ten and a quarter pounds. None of the fishermen have ever seen a mullet so large before. The average mullet weighs only two to two and a half pounds. On and after Monday, the 29th inst., all passengers for Palm Beach, over the East Coast line, will be transferred from its boats at Jupiter to its line now completed from Jupiter to Palm Beach The transfer of freight was ommenced on the 22d inst. The 3-year-old son of Peter McCall. of Old Town, a suburb of Fernandina, who was left alone in the house. Monday, with a baby ten months old, got hold of its father's musket, and by some means the gun was discharged, the load tearing one of the baby's feet to pieces. One of the tramps now doing duty on the streets of Orlando in working out his ten days' sentence imposed by the mayor, Wednesday morning gathered a stock of tobacco to smoke by clearing the Orange avenue gutter in front of the San Juan hotel, of the cigar stumps thrown down by the hotel guests and passers-by. An unknown white man, who was under the influence of liquor, walked overboard at Jacksonville Wednesday night, about 8:20 o'clock. at the foot of Laura street. He was fished out by Purser Ackerman and the watchman, and calmly started for his boarding house after refusing to give his name. A white man named Davis walked overboard at the same place Tuesday night, and was rescued by the same parties. G. M. Wing, of Chicago, has bought two groups of cypress timber that amount to over 3,000 acres. One tract of 450 acres was-bought from the Consumers' Street Railway Company, and is located on the Hillsborough river. the other is on the Little Hillsborough. Mr. Wing is a lumber man of large experience and in the near future will engage in a manufacturing business that will be of interest to Tampa. Congressman Cooper. of the Jacksonville district, some time back introduced a bill changing the boundaries of the judicial districts of Florida. A few nights ago the Jacksenville Central Labor Unit met and adopted resolutions protesting against the proposed change. Wednesday Senator Hoar, of Massachusetts. introduced in the Senate a resolution adopted by the Central Labor Unit of Jacksonville, protesting against the passage of the bill to change the boundaries of the judicial districts of Florida. Bartow Informant: A few days ago a good phosphate deal was cons immated by the sale of 240 acres of land by the American Mining Company to Maj. McLean and Mr. Howe. a brother in-law of C. G. Memminger. The price paid was $50 an acre. and the land lies to the west of Bartow in the great phosphate belt. Maj. McLean is well known hrough South Florida as a very successful railroad contractor. Mr. Howe is from Charleston. S. C., originally, but for several years he has been a civil engineer for the Savannah, Florida and Western people. These gentlemen will proceed at once to the erection of a plant and begin to mine phosphate at the earliest possible date.