Merchants & Miners Bank (Tallapoosa, GA)

Episode Information

Episode UID
4561733791109
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
456173379 hash
Start Date
May 23, 1892
Location
Tallapoosa, Georgia (33.745, -85.288)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c594e10d5ba29eb7

Response Measures

None

Description

Receiver named Bookkeeper Gilbert; Vice-President Spencer arrested for illegal loans.

Events (1)

1. May 23, 1892 Receivership
Newspaper Excerpt
The Merchants' and Miners' bank of this place was to-day placed in the hands of Bookkeeper Gilbert as receiver. An inspection by the state bank inspector showed irregularities. Vice President Spencer has been placed under arrest.
Source
newspapers

Newspaper Articles (10)

Article from The Morning News, May 24, 1892

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Article Text

Tallapoosa's Bank in Trouble. TALLAPOOSA, GA., May 23.-The Merchants' and Miners' bank of this place was to-day placed in the hands of Bookkeeper Gilbert as receiver. An inspection by the state bank inspector showed irregularities. Vice President Spencer has been placed under arrest charged with being instrumental in violations of the state banking law, which prohibits a loan of over 10 per cent. of the capital to any one firm.


Article from The Olympia Tribune, May 24, 1892

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TELEGRAPHIC TALES. At Southampton arrived the Weiland and Bremerhaven, from New York. In Montevidio, there are rumors that the Brazilian cruiser Bahia has been foundered at sea. Phylloxera has appeared in eleven provinces of Spain. Greatinjury has been done in the vineyards, especially in Gerona. In Dublin, Timothy Harrigan, the Parnellite member of parliament, is soon to be married to a daughter of the late Dr. O'Neill. In consequence of irregularities, the Merchants' and Miners' bank of Tallapoosa, Ga., has been placed in the hands of a receiver, and Vice President Spencer arrested. Colonel C. A. Broadwater died this morning, at Helena, Montana. He was president of the Montana Central division of the Great Northern, and president of the Montana National bank. He was largely interested in other enterprises, and a member of the democratic national committee. At Quebec the attorney-general has laid new criminal information against exPremier Mercier for alleged malfeasance in office, for retaining monies out of the subsidies voted by parliament to the Baie de Choleurs railway, Hereford railway and Ottawa Colonization railway. At Charlotte, N. C., the third party resolved to present the name of L. L. Polk, president of the farmers' alliance, to the national convention of the people's party at Omaha, as a candidate for president. In Paris it is learned that Thomas O'Brien, a noted American bunko man, has been arrested at Hvare on his arrival from New Orleans, on a telegram from Secretary Blaine, but the police, despite the warning that he is a dangerous man, allowed him to take a walk. He has not been seen since.


Article from The Wichita Daily Eagle, May 25, 1892

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A RECEIVERSHIP. TALLAPOOSA, Ga., May 24.-The Merchants and Miners bank of this place was yesterday placed in the hands of a receiverVice Presidedt Spencer has been arrestedcharged with being instrumental in viola. tions of the state banking law, which pro, hibits the loan of over 10 per cent. of the capital to any one firm.


Article from Pawtucket Tribune, May 25, 1892

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TELEGRAPHIC SPARKS. Indian Territory is for Harrison. Venezuelan insurgents won all along the line. Spanish vineyards have been damaged by phylloxera. Edward Deacon may be pardoned by President Carnot. Mrs. Mary Costello of Bridgeport, Conn., committed suicide. Wyoming cattlemen are committing depredations on stock. The Mississippi is subsiding, but in Tennessee the rise continues. Illinois Lutherans have been advised to vote the Democratic ticket. A California stage robber was given twenty years' imprisonment. Patrick Fitzpatrick, the murder of Samnel Early, was hanged at Pittsburg. The Merchants and Miners' bank of Tallapoosa, Ga., is in the hands of a receiver. Henry C. Rouse was elected Resident of the Missouri, Kansas and Texas railroad. Jay Gould has completed the purchase of the Kansas City, Wyandotte and Northwestern railroad. Comptroller Lacey will probably become president of the Bankers' National bank at Chicago. The celebration of the golden wedding of the King and Queen of Denmark has begun at Copenhagen.


Article from The Morning Call, May 25, 1892

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CONDENSED TELEGRAMS. The Nicaragua Canal Company will soon bring out its big issue of bonds in small denominations. Patrick Fitzpatrick was hanged at Pittsburg, Pa., yesterday for the murder last September of Samuel Early in a drunken row. Blaine drove yesterday to the Damrosch House in New York and saw for the first time his youngest grandchild. It is expected that Edward P. Deacon will be pardoned July 14, Bastile day. Phylloxera has appeared in 11 provinces in Spain. Great injury has been done to the vineyards, especially in Gerona. Timothy Harrington, the Parnellite member of Parliament, is soon to be married to the daughter of the late Dr. O'Neill of Dublin. The Merchants' and Miners' Bank of Tallapoosa, Ga., has been placed in the hands of a receiver and Vice-President Spencer has been arrested. Anti-Christian disturbances have again occurred in Manchooria and in districts bordering on Tonkin. One Chinese official is reported to have been killed.


Article from The Seattle Post-Intelligencer, May 25, 1892

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CONDENSED DISPATCHES. General John C. New, consul-general to London, called on President Harrison on Tuesday. There are rumors at Montevideo of the wreck of another Brazilian man-of-war, the cruiser Bahia. The Democrats of the Fourth congressional district of Kansas are trying to combine with the People's party. The president has approved the act for the term of the United States circuit court and district court at Evanston, Wyo. Henry C. Rowe has been elected president, J. Waldo vice president and Charles G. Hedge secretary and treasurer of the Kansas & Texas road. The trial of Colonel Munoz, one of Garza's lieutenants, ended at San Antonio, Tex., on Tuesday evening and a sealed verdict was returned. George W. Swigart, an old resident of South Bend, Ind., paid $7,000 to gain knowledge of the gold brick scheme on Monday. The swindlers escaped. In the Napa, Cal., murder trial Sherift George S. McKenzie testified to bringing Schmidt from Denver and the latter's confession of the details of the crime. Patrick Fitzpatrick, mixed tramp and laborer, was hanged at Pittsburg on Tuesday for the murder last September of Samuel Early in a drunken row. While firing a salute in honor of the editorial visitors at San Francisco on Tuesday, Private Fred C. Wells, Battery A, N. G. C., had his left arm blown off. Karsay, who is a Hungarian noble and a rich Jew, was mortally wounded on Tuesday in a duel, near Buda-Pesth, by Baron Aczel, a member of the Hungarian diet. John Lynch, who was struck over the head with a shovel by Thomas Callinan at Sacramento, Cal., on Saturday last, is dead, and the latter will be arrested for murder. The five survivors of the lost Brazilian warship Solimoes arrived at Rio on Tuesday and say that the ship exploded shortly after striking a sunken rock on the Uruguay coast. Thomas O'Brien, the bunco king, who recently escaped from a New York prison, was traced to Havre, and arrested there, but owing to the carelessness of the officers he again escaped. The Merchants' and Miners' bank of Tallapoosa, Ga., is now in the hands of a receiver and its vice-president, R. L. Spencer, is under arrest, due to the discovery of irregularities. The bank is capitalized at $60,000. The delegates to the editorial convention at San Francisco were given an excursion on the bay on Tuesday. As the vessel they were on passed the various fortified places they were saluted by firing of cannon, and vessels in the bay dipped their flags. Constable Oberlander, of San Diego, Cal., who had crossed the Mexican line to arrest a man on a warrant and was captured, and afterward broke jail, crossed the American line to Tia Juana, and was foreibly taken from there by Mexicans, has been released and allowed to return to Tia Juana. Both governments will investigate the case.


Article from Los Angeles Herald, May 25, 1892

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A Bank Official Arrested. TALLAPOOSA, Ga., May 24.-In consequence of irregularities, the Merchants' and Miners' bank has been placed in the hands of a receiver, and Vice-President Speneer arrested.


Article from The Austin Weekly Statesman, May 26, 1892

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Crooked Banking. TALLAPOSA, Ga., May 24.-The Merchants and Miners Bank of this place, was yesterday placed in the hands of Book keeper Gilbert as receiver. An inspection by the state bank inspector showed irregularities. Vice President Spence has been put under arrest charged with being instrumental in violations of the state banking law which prohibits a loan of over 10 per cent of a bank's capital to any one firm.


Article from Daily Tobacco Leaf-Chronicle, May 26, 1892

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A London cable says it is extremely doubtful that Ted Pritchard and Bob Fitzsimmons will meet in September for the purse offered by the New Orleans club. Pritchard claims that he would not have sufficient time in which to. train. The Albert medal of the London Society of Art has been awarded to Thomas A. Adison for electric lighting, the telegraph and the telephone. Among former holders of the medal were Faraday, Liebig, De Lesseps, Bessemer and Helmholtz. The Merchants' and Miners' bank, of Tallapoosa, Ga., has been placed in the hands of Book-keeper Gilbert, as receiver. An inspection by the state bank inspector showed irregularities. Vice President Spencer has been placed under arrest. Colonel Albert Pope, of Boston, offers a reward of $500 for the apprehension and conviction of the person or persons who maliciously stretched barbed wire across the path of the bicyclers-in the relay race from Chicago to New York, and maliciously cut the tires of the bicycles. Red Cedar Lake, Wis., is again agitated by the long tale of a monster, which has lain dormant during the cold months. A farmer lost five valuable sheep by the visit of the varmint. Their mangled forms were found in the mud, partly devoured. It is supposed to be a monster mud turtle.


Article from People's Party Paper, May 27, 1892

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In Receiver's Hands. TALLAPOOSA, GA., May 23.-The Merchants' and Miners' Bank of this place was to-day placed in the hands of Bookkeeper Gilbert as receiver. An inspection by the state bank inspector showed irregularities. Vice-President Spencer has been placed under arrest, charged with being instrumental in violations of the state banking law, which prohibits the loan of over ten per cent. of the capital to any one firm.