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Southern Bank Busted. NASHVILLE (Tenn.), December 16th.-The Bank of Gallatin, of this State, failed to-day. Liabilities, $60,000; assets, $40,000. It was caused by the loss $35,000 loaned to the Gallatin Cotton Mill, which assigned recently.
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The Bank of Gallatin Assigns. NASHVILLE. TENN.. December 16.-The Bank of Gallatin, in Gallatin, Summer county, assigned to-day. The assets are about $60,000, and the liabilities about $40,000. Nearly all the Summer county officials and many business men were dépositors. The charter of the bank expires in March, 1899. and the failure was due to the fact that the Bank cannot make a elean title to a cotten Lictory until June, 1893. The factory was assigned to the bank when the cotton company made an assignment some months ago.
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Southern Bank Busted. NASHVILLE (Tenn.), December 16th.-The Bank of Gallatin, of this State, failed to-day. Liabilities, $60,000: assets, $40,000. It was caused by the loss $35,000 loaned to the Gallatin Cotton Mill, which assigned recently.
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Another Bank Failure. NASHVILLE, Tenn., Dec. 17.-The Bank of Gallatin, in Gallatin, Sumner county, has assigned. The assets are about $60,000 and the liabilities about $40,000. The charter of the bank expires in March, 1890, and the failure was due to the fact that the bank cannot make a clear title to a cotton factory until June, 1890. The factory was assigned to the bank when the cotton company made an assignment some months ago.
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Failure of a Tennessee Bank. NASHVILLE, Tenn., Dec. 16.--The Bank of Gallatin, in Gallatin, Sumner county. assigned to-day. The assets are about $60,000, and the liabilities about $40,000. Nearly all the Summer county officials and anany business men were depositors. The charter of the bank expires in March, 1890, and the failure was due to the fact that the bank cannot make a clear title to a cotton factory until June, 1890. The factory was assigned to the bank when the cotton company made au assignmentsome timo ago.
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Failure of a Tennessee Bank. NASHVILLE, Tenn., Dec. 16.-The Bank of Gallatin, in Gallatin. Sumner county. assigned to-day. The assets are about $60,000, and the liabilities about $40,000. Nearly all the Summer county officials and many business men were depositors. The charter of the bank expires in March, 1890, and the failure was due to the fact that the bank cannot make a clear title to a cotton factory until June, 1890. The factory was assigned to the bank when the cotton company made an assignment some timo ago.
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Another Bank Closed. NASHVILLE, Tenn., Dec. 17.-The Bank of Gallantin, Summer county. assigned yesterday. Assets about $60,000; liabilities about $40,000.
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The Bank of Gallatin made an assignment last Monday in favor of its depositors and creditors. Assets $60,000. liabilities $40,000. The Sumner Cotton Manufacturing Company which recently made an assignment at Gallatin was iLdebted to the bank at the time to the amount of $35,000. It is thought that none of the directors will lose anything by the suspension. This is a sad and terrible blow to Gallatin. Pulaski should congratulate herself on the solid condition of her banks.
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A Tennessee Bank Fails. NASHVILLE, Tenn., Dec. 17. - The Bank of Gallatin, in Gallatin, Sumner County, assigned Tuesday. The assets are about $60,000 and the liabilities about $40,000. Nearly all the Sumner County officials and many business men were depositors.
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THE SOUTH. THE bank of Gallatin, Tenn., has assigned with $60,000 assets and $40,000 liabilities. The depositors will be paid in full. A MEETING of Virginia colored Republicans at Richmond adopted resolutions calling on Congress to pass a general election law. IN a fight between four unarmed farmers and two armed robbers near Waco, Tex., the other night, John T. Mathes was killed and W. H. Harris severely wounded. The robbers got little. THE commission of army engineers appointed to select the best point along the Texas coast for the location of a first-class harbor has submitted its report recommending Galveston. A MISSISSIPPI CITY special says that the whole assessed valuation of the late Jefferson Davis property in Harrison County in $7,940. The personal assessment was $581. Beauvoir is assessed at $4,500. THE Gettysburg Battlefield Association has refused to remove the Second Maryland cavalry monument, and declares that all ex-Confederates shall have the right to commemorate their dead si
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THE SOUTH. THE bank of Gallatin, Tenn., has assigned with $60,000 assets and $40,000 liabilities. The depositors will be paid in full. A MEETING of Virginia colored Republicans at Richmond adopted resolutions calling on Congress to pass a general election law.' IN a fight between four unarmed farmers and two armed robbers near Waco, Tex., the other night, John T. Mathes was killed and W. H. Harris severely wounded. The robbers got little. THE commission of army engineers appointed to select the best point along the Texas coast for the location of a first-class harbor has submitted its report recommending Galveston. A MISSISSIPPI CITY special says that the whole assessed valuation of the late Jefferson Davis property in Harrison County in $7,940. The personal assessment was $581. Beauvoir is assessed at $4,500. THE Gettysburg Battlefield Association has refused to remove the Second Maryland cavalry monument, and declares that all ex-Confederates shall have the right to commemorate their dead similarly.