Bank Suspensions. NASHVILLE, Nov. 26.-The "Planters', " "Union" and "State Bank" of Tennessee, have suspended specie payments at the request of the community.
3.November 27, 1860Richmond Daily WhigRichmond, VA
Click image to open full size in new tab
Article Text
Nashville, Nov. 26.-The Planters, Union and State Banks of Tennessee have suspended at the request of a committee of merchants.
NASHVILLE, Nov. 26.-The Planters' and Union Banks of Tennessee suspended by request of the community.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.