Fort Payne Bank (Fort Payne, AL)

Episode Information

Episode UID
1996853891236
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
199685389 hash
Start Date
December 6, 1902
Location
Fort Payne, Alabama (34.444, -85.720)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47fbd13ac1248ed6

Response Measures

None

Events (2)
1. December 6, 1902 Receivership
Newspaper Excerpt
J. P. Stanley has been appointed receiver of the Fort Payne Bank by Chancellor Simpson. ... John P. Stanley is receiver, and is instructed to wind up the business.
Source
newspapers
2. December 6, 1902 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended and a receiver appointed on application by officers; insolvency/financial trouble implied.
Newspaper Excerpt
The Fort Payne bank suspended operations yesterday and J. P. Stanley, cashier, was appointed receiver by Chancellor Simpson.
Source
newspapers

Newspaper Articles (10)
1. December 7, 1902 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, December 7, 1902

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Article Text

. Birmingham Bank Clearings. Birmingham bank clearings are given as follows: Today 211,512.27 November 6, 1902 232,551.96 December 6, 1901 223,032.28 This week 1,393,270.31 Same week 1901 1,272,345.24 Increase 120,825.07 Stanley - Appointed Receiver. A special from Fort Payne says: J. P. Stanley has been appointed received of the Fort Payne Bank by Chancellor Simpson. He has been cashier for some time. The statement of liabilities and assets has not vet been made up, and it is impossible to get the figures. The bank is a State organization, organized in 1892. The officers are: Charles M. T. Sawyer. President: John A. Davis, Vice-President; J. P. Stanley. Cashier. The capital stock is $50,000. all paid up. The last available statement showed deposits of $38,000, loans and discounts, $65,000. The business of the bank was done through Chattanooga almost wholly. Its New York connection was one of the largest in the country.

2. December 7, 1902 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, December 7, 1902

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Article Text

FORT PAYNE BANK FAILS. J. P. Stanley, Cashier, Has Been Appointed Receiver By Chancellor. --Fort Payne, December 6.-(Special.)The Fort Payne bank suspended operations yesterday and J. P. Stanley, cashier, was appointed receiver by Chancellor Simpson. The liabilities are unknown, but it is thought the assets are sufficient to cover all the liabilities. The bank is a state organization, organized in 1892. The officers are Charles M. T. Sawyer, president; John A. Davis, vice president; J. P. Stanley, cashier. The capital stock is $50,000, all paid up. The last available statement showed deposits of $38,000, loans and discounts $65,000. The business of the bank was done through Chattanooga almost wholly. Its New York connection was one of the largest in the country.

3. December 7, 1902 The News & Observer Raleigh, NC
Article from The News & Observer, December 7, 1902

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Article Text

Port Payne Bank Goes Up / (By the Associated Press.) Fort Payne, Ala., Dec. 6.-The Fort Payne Bank, the oldest in this county, capitalied at $50,000, has been placed in the hands of a receiver on application by Chas. M. T. Sawyer et al, to William H. Simpson, chancellor of the Third district. in chambers at Decatur, Ala. John P. Stanly is receiver, and is instructed to wind up the business.

4. December 7, 1902 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, December 7, 1902

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Article Text

Bank in Receiver's Hands. Fort Payne, Ala., Dec. 6.-The Fort Payne Bank, the oldest in DeKalb county, capitalized at $50,000, has been placed in the hands of a receiver on application by Charles M. T. Sawyer and others, to William H. Simpson, chancellor of the Third District, in chambers at Decatur, Ala. John P. Stanley is receiver, and is instructed to wind up the business.

5. December 9, 1902 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, December 9, 1902

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Article Text

Bank Goes Into Receivers Hands. Fort 'Payne, Ala., December 6.-The Fort Payne Bank. the oldest in Dekaib county. capitalized at $50,000 has been placed in the hands of a receiver on application by Charles M. T. Sawyer et al.. to William H. Simpson, chancellor of the third district, in chambers at Decatur, Ala. John P. Stanley is receiver. and is instructed to wind up the business

6. December 9, 1902 The Farmer and Mechanic Raleigh, NC
Article from The Farmer and Mechanic, December 9, 1902

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Article Text

Port Payne Bank Goes Up I (By the Associated Press.) Fort Payne, Ala., Dec. 6.-The Fort Payne Bank, the oldest in this county, capitalized at $50,000. has been placed in the hands of a receiver on application by Chas. M. T. Sawyer et al, to William H. Simpson, chancellor of the Third district. in chambers at Decatur, Ala. John P. Stanly is receiver, and is instructed to wind up the business.

7. December 11, 1902 Catoctin Clarion Thurmont, MD
Article from Catoctin Clarion, December 11, 1902

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Article Text

SUMMARY OF THE LATEST NEWS. Domestic. Miners formerly employed by Markle in the Hazleton region, astonished that & the Co., Strike Commission by testifying the 10 per cent. increase in wages inin 1900 was not a straightout raise granted but instead a 21-2 per cent. and crease, a reduction in powder price of 71-2 per Zero cent. weather in Chicago and other in the West and heavy snow- topoints in Western New York state, storms with the general shortage of coal, are much distress and was entered in the C. requiring gether An causing order Morris suffering. Supreme in to furnish a bill of his suit against C. Court Mangis Fitzgerald. million-dollar in Brooklyn particulars Gen. fire Louis at While trying to escape from a home of Max Manthey, at Colgate, the Mr. Colgate and one child were killed Wis., and three others sustained serious injuries. territorial senate of Hawaii for the report of the committee of the of Superintendent the of Public adopted dismissal Department Works. railroad Boyd, beThe opening of the new Santiago and Havana, Cuba, was the tween occasion for an enthusiastic demonstration. thirtieth annual convention of the American The Public Health Association was opened in New Orleans. Earthquake shocks in the Hawaiian other Islands destroyed a church and buildings. Canadian Pacific fast express. and The left Halifax for St. John Interwhich Montreal, was wrecked on the Railway near Belmont Station. Four were killed and one brakeman the & Armour have the Union Depot, stock colonial passengers Swift of persons acquired Bridge and injured. seven valu- and Terminal Company. which owns terminals and hundreds of acres Kanable of land on the Missouri River at sas The City, reckless Mo. running of a racing auis responsible for probably in to a park and the death of two Chicago tomobile fatal injuries policeman horses. of Fort Payne Bank. the oldest bank in has capitalized at county, in the hands of a the Delaware Breakwater been Payne, The placed the Fort Ala.. $50,000. receiver. DeKalb on schooner At Virginia Rulon was blown of six and sunk. The crew the the men rocks was taken off and landed by Lewes (Del.) life-savers. Fred A. Smith, proprietor of the in Lincoln Hotel. in Chicago, Clerk burned lost their lives, and Night of which Weber 14 were arraigned on a charge manslaughter. Investigation has shown that the San exthe steamer Progreso at due plosion Francisco, on which cost 14 lives. was to the poor quality of oil furnished. Sherverton, a driver of becoming an exGeorge wagon in Philadelphia. team press confused by the snow, drove his into trolley car and was killed. a schooner Wesley M. Oler went the The at Ocracoke, N. C., during is ashore storm and went to pieces. Her crew believed to have been lost. Henry S. Cutler. composer and Dr. conductor. who introduced died vesmusical ted male choirs in this country, at Swampscott. two-master Mass. Flo F. Madder was the The off Gloucester. Mass., and wrecked and crew were saved by Harriman, of the saying captain President crew. established Southern the life- sysRailroad. has a of the tem Pacific for pensioning old employes company. Bear, the Indian convicted hanged of in Sioux Falls, murdering George his S. squaw. D. He was behaved with great stoicism. Sullivan and a man named DeKibbis James were killed in a snowslide near Baker City, Dickinson. Ore. the Philadelphia in the robber, George was sentenced to 15 years penitentiary. robbed about 35 who were Idaho. gambling Three men at the Eagle Club, in Pocatello,

8. December 11, 1902 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, December 11, 1902

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Article Text

SUMMARY OF THE LATEST NEWS. Domestic. The Canadian Pacific fast express, which left Halifax for St. John and Montreal, was wrecked on the Intercolonial Railway near Belmont Station. Four persons were killed and seven passengers and one brakeman injured. Swift & Armour have acquired the stock of the Union Depot, Bridge and Terminal Company, which owns valuable terminals and hundreds of acres of land on the Missouri River at Kansas City, Mo. The reckless running of a racing automobile is responsible for probably fatal injuries to a park policeman in Chicago and the death of two horses. The Fort Payne Bank, of Fort Payne, the oldest bank in DeKalb county, Ala., capitalized at $50,000, has been placed in the hands of a receiver. At the Delaware Breakwater the schooner Virginia Rulon was blown on the rocks and sunk. The crew of six men was taken off and landed by the Lewes (Del.) life-savers. Fred A. Smith, proprietor of the burned Lincoln Hotel, in Chicago, in which 14 lost their lives, and Night Clerk Weber were arraigned on a charge of manslaughter. Investigation has shown that the explosion on the steamer Progreso at San Francisco, which cost 14 lives, was due to the poor quality of oil furnished. George Sherverton, a driver of an express wagon in Philadelphia, becoming confused by the snow, drove his team into a trolley car and was killed. The schooner Wesley M. Oler went ashore at Ocracoke, N. C., during the storm and went to pieces. Her crew is believed to have been lost. Dr. Henry S. Cutler, composer and musical conductor, who introduced vested male choirs in this country, died at Swampscott, Mass. The two-master Flo F. Madder was wrecked off Gloucester, Mass., and the captain and crew were saved by the life-saving crew. President Harriman, of the Southern Pacific Railroad, has established a system for pensioning old employes of the company. George Bear, the Indian convicted of murdering his squaw, was hanged in Sioux Falls, S. D. He behaved with great stoicism. James Sullivan and a man named De-Kibbis were killed in a snowslide near Baker City, Ore. George Dickinson, the Philadelphia robber, was sentenced to 15 years in the penitentiary. Three men robbed about 35 who were gambling at the Eagle Club, in Pocatello, Idaho. Dickinson Hall, at Princeton University, caught fire and was saved by a bucket brigade. The gale blew down a wall in Allentown, Pa., and two men received fatal injuries. The prices of California nuts have been advanced. Jacob Ansbach, a fireman, employed in the Hazleton region, testified before the strike commission that on every other Sunday he was required to work 24 hours without relief. The Rev. Jas. V. Hussie, a Catholic priest, told the commission that the conditions among the miners in that region were deplorable. Zero weather prevails in Northern Kansas. Rain and snow fell in the South. The Red river, in Louisiana, is rising, and a number of families on the bottomlands have been forced to leave their homes. Grand Master Morrissey, of the Brotherhood of Railway Trainmen, issued a statement that there is a movement afoot for the federation of railway labor organization, with a view of making a combined demand for higher wages.

9. December 12, 1902 Rural Retreat Times Rural Retreat, VA
Article from Rural Retreat Times, December 12, 1902

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Article Text

Domestic. Miners formerly employed by Markle & Co., in the Hazleton region, astonished the Strike Commission by testifying that the 10 per cent. increase in wages granted in 1900 was not a straightout increase, but instead a 2 I-2 per cent. raise and a reduction in powder price of 7 I-2 per cent. Zero weather in Chicago and other points in the West and heavy snowstorms in Western New York state, together with the general shortage of coal, are causing much distress and suffering. An order was entered in the Supreme Court in Brooklyn requiring Morris C. Mangis to furnish a bill of particulars in his million-dollar suit against Gen. Louis C. Fitzgerald. While trying to escape from a fire at the home of Max Manthey, at Golgate, Wis., Mr. Colgate and one child were billed and three others sustained serious injuries. territorial senate of Hawaii adopted the report of the committee for the dismissal of Superintendent Boyd, of the Department of Public Works. The opening of the new railroad between Santiago and Havana, Cuba, was the occasion for an enthusiastic demonstration. The thirtieth annual convention of the American Public Health Association was opened in New Orleans. Earthquake shocks in the Hawaiian Islands destroyed a church and other buildings. The Canadian Pacific fast express, which left Halifax for St. John and Montreal, was wrecked on the Intercolonial Railway near Belmont Station. Four persons were killed and seven passengers, and one brakeman injured. Swift & Armour have acquired the stock of the Union Depot, Bridge and Terminal Çompany, which owns valuable terminals and hundreds of acres of land on the Missouri River at Kansas City, Mo. The reckless running of a racing automobile is responsible for probably fatal injuries to a park policeman in Chicago and the death of two horses. The Fort Payne Bank, of Fort Payne, the oldest bank in DeKalb county, Ala., capitalized at $50,000, has been placed in the hands of a receiver. At the Delaware Breakwater the schooner Virginia Rulon was blown on the rocks and sunk. The crew of six men was taken off and landed by the d Lewes (Del.) life-savers. d Fred A. Smith, proprietor of the burned Lincoln Hotel, in Chicago, in which 14 lost their lives, and Night Clerk S Weber were arraigned on a charge of n manslaughter. Investigation has shown that the explosion on the steamer Progreso at San g Francisco, which cost 14 lives. was due to the poor quality of oil furnished. George Sherverton, a driver of an express wagon in Philadelphia, becoming confused by, the snow, drove his team into a trolley car and was killed. The schooner Wesley M. Oler went ashore at Ocracoke, N. C., during the storm and went to pieces. Her crew is believed to have been lost. Dr. Henry S. Cutler, composer and musical conductor. who introduced vested male choirs in this country, died at Swampscott, Mass. The two-master Flo F. Madder was wrecked off Gloucester, Mass., and the captain and crew were saved by the lifesaving crew. President Harriman, of the Southern Pacific Railroad, has established a system for pensioning old employes of the company. George Bear, the Indian convicted of murdering his squaw, was hanged in Sioux Falls. S. D. He behaved with great stoicism. James Sullivan and a man named DeKibbis were killed in a snowslide near Baker City, Ore. George Dickinson, the Philadelphia robber, was sentenced to 15 years in the penitentiary. Three men robbed about 35 who were gambling at the Eagle Club, in Pocatello,

10. December 12, 1902 Highland Recorder Monterey, VA
Article from Highland Recorder, December 12, 1902

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Article Text

SUMMARY OF THE LATEST NEWS. Domestic. The Canadian Pacific fast express which left Halifax for St. John and Montreal, was wrecked on the Intercolonial Railway near Belmont Station Four persons were killed and seven passengers and one brakeman injured Swift & Armour have acquired the stock of the Union Depot, Bridge and Terminal Company, which owns valuable terminals and hundreds of acres of land on the Missouri River at Kansas City, Mo. The reckless running of a racing automobile is responsible for probably fatal injuries to a park policeman in Chicago and the death of two horses. The Fort Payne Bank, of Fort Payne, the oldest bank in DeKalb county, Ala., capitalized at $50,000, has been placed in the hands of a receiver. At the Delaware Breakwater the schooner Virginia Rulon was blown on the rocks and sunk. The crew of six men was taken off and landed by the Lewes (Del.) life-savers. Fred A. Smith, proprietor of the burned Lincoln Hotel, in Chicago, in which 14 lost their lives, and Night Clerk Weber were arraigned on a charge of manslaughter. Investigation has shown that the explosion on the steamer Progreso at San Francisco, which cost 14 lives. was due to the poor quality of oil furnished. George Sherverton, a driver of an express wagon in Philadelphia, becoming confused by the snow, drove his team into a trolley car and was killed. The schooner Wesley M. Oler went ashore at Ocracoke, N. C., during the storm and went to pieces. Her crew is believed to have been lost. Dr. Henry S. Cutler, composer and musical conductor, who introduced vested male choirs in this country, died at Swampscott, Mass. The two-master Flo F. Madder was wrecked off Gloucester, Mass., and the captain and crew were saved by the lifesaving crew. President Harriman, of the Southern Pacific Railroad, has established a system for pensioning old employes of the company. George Bear, the Indian convicted of murdering his squaw, was hanged in with Sioux Falls, S. D. He behaved great stoicism. James Sullivan and a man named DeKibbis were killed in a snowslide near Baker City, Ore. George Dickinson, the Philadelphia robber, was sentenced to 15 years in the penitentiary. Three men robbed about 35 who were gambling at the Eagle Club, in Pocatello, Idaho. Dickinson Hall, at Princeton University. caught fire and was saved by a bucket brigade. The gale blew down a wall in Allentown, Pa., and two men received fatal injuries. The prices of California nuts have been advanced. Jacob Ansbach, a fireman, employed in the Hazleton region, testified before the strike commission that on every other Sunday he was required to work 24 hours without relief. The Rev. Jas. V. Hussie, a Catholic priest, told the commission that the conditions among the miners in that region were deplorable. Zero weather prevails in Northern Kansas. Rain and snow fell in the South. The Red river, in Louisiana, is rising. and a number of families on the bottomlands have been forced to leave their homes. Grand Master Morrissey. of the Brotherhood of Railway Trainmen. issued a statement that there is a movement afoot for the federation of railway labor organization, with a view of making a combined demand for higher wages.