Article Text
Has Struck Alabama. GADSDEN, Ala., Aug. 12.-The First National bank suspended payment this morning. It had a capital stock of $50,000 and deposits of $80,000. The directors assure the depositors that they will be paid in full.
First National Bank (Gadsden, AL)
Episode Information
- Episode UID
366301124- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
-
36630national - Charter Number
- 3663
- Start Date
- August 12, 1893
- Location
- Gadsden, Alabama (34.014, -86.007)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
0dfd8e0c30890dee
Response Measures
None
Events (4)
1.
March 31, 1887
Chartered
- Source
- historical_nic
2.
August 12, 1893
Suspension
- Cause Details
- Suspended payment on Aug. 12; contemporaneous reporting of many bank failures but no specific trigger given in articles.
- Newspaper Excerpt
- GADSDEN, Ala., Aug. 12.-The First National bank suspended payment this morning. It had a capital stock of $50,000 and deposits of $80,000. The directors assure the depositors that they will be paid in full.
- Source
- newspapers
3.
September 12, 1893
Reopening
- Newspaper Excerpt
- The First National Bank of Gadsden, Ala., which recently suspended, has been authorized to resume business.
- Source
- newspapers
4.
August 21, 1933
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (17)
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CLOSED DOORS. No Very Important Failures In This List. BROOKLYN, N. Y., Aug. 12.-The Commercial bank of Brooklyn, a State institution, failed to open its doors this morning. GADSDEN, Ala., Aug. 12.-The First National bank suspended payment this morning. Depositors will be paid in full. LANCASTER, Pa., Aug. 12.-The bank of E. K. Smith at Columbia, closed this morning to liquidate. The bank is a small one. NASHVILLE, Tenn., Aug. 12.-The People's bank at Lewisburg, Tenn., suspended payment this morning.
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CLOSED THEIR DOORS. Banks That Have Suspended Payments to Their Depositors. LANCASTER, Pa., Aug. 12-The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, this morning: "Closed for the present to liquidate." The bank is a small one. No statement of assets and liabilities has yet been made. GADSDEN, Ala., Aug. 12.-The First National Bank suspended payment this morning with a capitol stock of $50,000 and deposits of $80,000. The directors assure depositors that they will be paid in full. NASHVILLE, Tenn., Aug. 12.-The People's Bank at Lewisburg, Tenn., suspended payment this morning.
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BANKS STILL CLOSING. They are Keeping Up the Sad Record of Suspension. Gadsden, Ala., A.u.g. 12.-The First National bank suspended payment this morning, with a capital stock of $50,000, and deposits of $80,000. The directors assure depositors. that they will be paid in full.
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QUARANTINE AGAINST BRUNSWICK. WAYCROSS, GA., August 12.-Waycross has quarantined against Brunswick tonight and also against Pensacola. QUARANTINE AT SAVANNAH. SAVANNAH, GA., August 12.-Savannah declared a quarantine to-night against Brunswick, and no passengers, baggage. or freight will be permitted to enter Savannah from that point. Electric Brevities. The People's Bank at Lewisburg, Tenn., snspended payment yesterday. The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, Pa., vesterday morning: Closed for the present to liquidate." The bank is a small one. The First National Bank of Gadsden. Ala., suspended payment vesterday morning. Capital stock. $50,000: deposits. $80,000. The directors assure depositors that they will be paid in full. The Commercial Bank of Brooklyn, N. Y., a State institution. failed to open yesterday morning. the following notice being posted on its doors: "This bank is compelled to close temporarily. J. J. Vail, Cashier."
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Other Bank Troubles. GADSDEN, Ala., Aug. 12.-The First National Bank suspended pavment this morning with a capital stock of $50,000 and deposits of $80,000. LANCASTER. Pa., Aug. 12.-The following notice was posted on the doors of the Bank of E. K. Smith, at Columbia, this morning: "Closed for the present to liquidate." The bank 18 a small one. Jeffersonville, Ind., Ang. 12.-The Jefferson City Brewing Company. which was organized here about a year ago, made an assignment late this evening. The
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Nashville, Tenn., August 12.--The People's bank, at Lewisburg, failed to open its doors this morning. The suspension is due to the suspension of the First National and American National, of Nashville, a constant drain by depositors and failure to collect money. The president and cashier state that the bank is in first-class condition and they are confident that it will be able to resume in a few days or as soon as a meeting of the stockholders and depositors can be held. There is no excitement at Lewisburg on account or the suspension. Gadsden. Ala., August 12.-The First National bank suspended payment this morning with a capital stock of $50,000: deposits of $$0,000. The directors assure depositors that they will be paid in full. Lancaster, Pa., August 12.-The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, this morning: "Closed for the present to liquidate." The bank is a small one.
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To be Paid in Full. GADSDEN, ALA., August 12.The First National Bank suspended payment this morning with a capital stock of $50,000, deposits, $80,000. The directors assure the depositors they will be paid in full.
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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill. WASHINGTON, Aug. 13.-The bank. failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2,000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn. WASHINGTON, Aug. 16.-Notice was received yesterday that the Hartford bank of Phoenix, A. T., had assigned, and that Johnson, Buck & Co., bankers at Ebensburg, Pa., with branch banks at Carrolltown and Hastings, had closed their doors.
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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 11.-The following bank failures were reported yesterday: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, la., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrollton and Hastings. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, III. WASHINGTON, Aug. 13.-The bank failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking. house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2.000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the Firstnational at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn.
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National Banks Resume. WASHINGTON, D. C., Sept. 12.-The First National Bank of Gadsden, Ala., which recently suspended, has been authorized to resume business.
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Alabama Bank Resumes. (By telegraph to the Dispatch.) WASHINGTON, D. C., Sept. 12.-The first National Bank of Gadsden, Ala., which recently suspended, has been authorized to resume business.
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Gadsden's Bank Resumes. Washington, Sept. 12.-The First National Bank of Gadsden, Ala., which recently suspended, has been authorized to resume business.
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MORE BANKS RESUMING BUSINESS. Washington, Sept. 12.-The First National Bank of Gadsden, Ala., which recently suspended, has been authorized to resume business. Denver. Sept. 12.-Two more Colorado banks opened their doors for business yesterday, after several weeks' suspension. They are the Western National, at Pueblo, and the Bank of Florence, at Florence. Memphis, Tenn., Sept. 12.-A dispatch to "The Commercial" from Vicksburg, Miss., says: "The five banks of Vicksburg which some weeks ago adopted the system of certified checks and reduced cash payments to depositors to $50 daily met last evening, and unanimously voted to remove all restrictions, thus showing their confidence in the present improved conditions."
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A National Bank Resumes. WASHINGTON. Sept. 12-The First National Bank of Gadsden. Ala., which recently suspended. has been authorized to resume business.
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Southern Bank to Resume. WASHINGTON, Sep. 13.-The First National Bank of Gadsden, Ala., which recently suspended has been authorized to resume business.
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CONDENSED TELEGRAMS. Attorney-General Olney says the deportation clause of the Geary law will not be enforced by any general action on the part of the United States until Congress, by supplemental legislation, directs that this should be done and provides adequate means to do it. Notwithstanding the alarmist reports in regard to Prince Bismarck's condition that have been circulated, it is said in Kissingen that the ex-chancellor is recovering from his recent attack of sickness. His condition is improving daily. Senator Hill will make three speeches in the Ohio campaign, at Cleveland, Columbus and Cincinnati. He will travel on a special train and makelittlespecches from the-platform. Among things sent to distitute sea islanders by wealthy New Yorkers are plush dolmans, French shoes, tailor-made suits, etc. The First National bank of Gadsden, Ala., which recently suspended, has been authorized to resume business. Emigration from the port of New York t exceeds immigration for the first time in the history of the port. Malaria and diarrboea is terribly prev alent in South Carolina in the track O e the late cyclone. is The present government in Brazil wil t almost certainly be dethroned by th revolutionists.