Commercial Bank of Tennessee (Memphis, TN)

Episode Information

Episode UID
7637283890817
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
763728389 hash
Start Date
January 13, 1868
Location
Memphis, Tennessee (35.150, -90.049)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
91fb3a748239edbb

Response Measures

None

Description

Articles use variant names (Commercial Bank of Memphis / of Tennessee) but clearly refer to the same institution; receiver appointed.

Events (2)

1. January 13, 1868 Suspension
Cause Details
Bank suspended payments though reports state assets exceed liabilities; no explicit cause given in articles.
Newspaper Excerpt
The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities.
Source
newspapers
2. January 14, 1868 Receivership
Newspaper Excerpt
Mr. J. A. Omberg, late assistant cashier, has been appointed receiver of the Commercial Bank of Memphis, whose suspension was noticed yesterday.; J. A. OMBERG, Receiver (advertisement).,The building lately occupied by the Commercial Bank of Tennessee. Apply to J. A. OMBERG, Receiver.
Source
newspapers

Newspaper Articles (14)

Article from The Evansville Journal, January 14, 1868

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TELEGRAPH. For Commercial and River Dispatches see Fifth Page. K ntucky Legislature. Murder in Nashville. The Virginia Convention Order Removing Governor Jenkins, and John Jones, Treasurer of Georgia. Heavy Defalcation of a Bank Teller. Gen. Butler at Richmond. More Rodies Recognized of the Victims of the Late Railrcad Disas er. Commercial Bank of Memphis Suspanded. News by Atlantic Cable. Congressional Proceedings


Article from The Evansville Journal, January 14, 1868

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MEMPHIS. Town of Sardis, Miss., Almost Destroyed by Fire-Loss, $80,000 The Commercial Bank of Memphis Suspended. # ag


Article from The Evansville Journal, January 14, 1868

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Commercial Bank of Memphis ยฃ uspended.


Article from The Evansville Journal, January 14, 1868

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MEMPHIS, Jan. 13.-The town of Sardis, Miss., was nearly destroyed by fire yesterday, supposed to be the work of an incendiary. Loss $80,000; insurance $26,000, in the Desoto, People's and Hernando companies, of this city. The Commercial Bank of Memphis suspended this morning. It is said the assets exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement soon allayed.


Article from New-York Tribune, January 14, 1868

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Article Text

TENNESSEE. SUSPENSION OF A MEMPHIS BANK. MEMPHIS, Jan. 13.-The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement was soon allayed.


Article from The National Republican, January 14, 1868

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From Memphis-Extensive Fire-Bank Suspension. MEMPHIS, Jan. 13.-The town of Sardis, Mรญss., was nearly destroyed by fire yesterday, which is supposed to have been the work of incendiaries. Loss $80,000. Insurance $26,000. The Commercial Bank of Memphis suspended this morning. It is said the assets exceed the liabilities. The suspension caused some excitement. Runs were made on other banks, but the excitement was soon allayed.


Article from The Portland Daily Press, January 14, 1868

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TENNESSEE. FAILURE OF A BANK. MEMPHIS, Jan. 13.-The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused som e excitement and runs were made on other banks, but it was soon allayed.


Article from Public Ledger, January 14, 1868

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LOCALS IN BRIEF. -R. J. Davis, proprietor of a trading boat, is under arrest charged with receiving stolen goods. -A man was knocked down and robbed near the corner of Second and Exchange streets last night. -A called meeting of the Board will be held this evening, at which final action will be taken on the bonds of newly elected city officers. -His Honor, Judge Connelly F. Trigg, of the U. S. Court, arrived yesterday, and stopped at the Gayoso. His court will convene to-morrow. -A negro yesterday discovered another negro foolish enough to be swindled by the lock game, and took him in." Officer Cusack arrested the scamp. -We wonder whether it has ever oc. curred to William Hunter, in the few moments of his life when lucidity holds sway, that he is an egregious ass and elephantine humbug? -Some sawdust in the old icehouse on Washington, east of Third street, was fired by mackerels yesterday evening, but the flames were extinguished before any serious consequences ensued. -Esq. Miller this morning committed a negro named Aaron Wilson for trial, charged with stealing some clothing and a few dollars from Hugh McDermott, at the Basket saloon, several weeks ago. -We learn that Mr. J. A. Omberg, late assistant cashier, has been appointed receiver of the Commercial Bank of Memphis, whose suspension was noticed yesterday. Mr. O. is a competent selection. -To South Memphis and Hernando road people: Now that the roads are so bad, those wanting Hay, Corn, Oats, Bran, Flour and Meal will find a saving of time and money by purchasing of S. M. Guest, Hernando road, south of South street. He also keeps a fine stock family groceries, cheap, and for cash only. -Jo. Locke, 22 Jefferson street, is daily receiving the latest newspapers and periodicals. He has on hand to-day the Waverley Magazine, Albion, Wilkes' Spirit, New York Citizen, Harper's Bazar, LaCrosse Democrat, Chimney Corner, Saturday Night, London News (with a picture), Peterson's Magazine, and Ballou's Monthly. He has also a splendid stock of novels, stationery, and almost everything which is usually found in an establishment of this description. -Emmons & Son, Nos. 10 Jefferson and 393 Main streets, have received the Police News and Gazette, Harper's Weekly, Southern Home Journal, New York Observer, Scientific American, New York Weekly, Kelly's Weekly, Pen and Pencil Weekly, Pleasant Hours (for February), Staats Zeitung, Frank Leslie's Illustrated, Rural New Yorker, Scottish American, Peterson's Magazine (for February), Tribune Almanac for 1868, Boys' and Girls' Weekly, Horticulturist (for January).


Article from The New York Herald, January 14, 1868

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TENNESSEE. Failure of the Commercial Bank of Memphis. MEMPHIS, Jan. 13, 1868. The Commercial Bank of Memphis suspended this morning. It is said the assets will exceed the liabilities. The suspension caused some excitement, and runs were made on other banks, but the excitement was soon ailayed.


Article from The New Orleans Crescent, January 15, 1868

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FROM MEMPHIS. Suspension of a Bank. MEMPHIS, Jan. 14.-The Commercial Bank of this city has suspended.


Article from The Daily Dispatch, January 15, 1868

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Bank Suspension. MEMPHIS, TENN., January 14.-The Commercial Bank of this city suspended payment to-day.


Article from Public Ledger, April 30, 1868

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Commercial Bank. MESSRS. EDITORS: Your correspondent, Justice, asks in your yesterday's paper after the Commercial Bank. If he is a creditor, he must know the assets of the bank have long been in the hands of a Receiver of the Chancery Court, and that the officers of the late bank are not more able to render the required information than he himself can be by the proper examination. I suppose you could not have intended to reflect on Mr. RESPONDENT. Mosby. In our remarks yesterday, we took it for granted that the interrogatories of "Justice" were proper enough. From the statement of "Respondent," how. ever, it would seem that the proper place to seek information was indicated by him. As to our allusion to Mr. Mosby and fees, his fees, if he receives any, are fixed by the court, and no occasion of reproach to him. If the assets of the bank amount to little, it is not his fault, when as we have no reason to doubt, he is doing the best he can with them.


Article from Memphis Daily Appeal, July 20, 1868

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Article Text

NEW ADVERTISEM'NTS ASONIC NOTIOE-AngeM rona Lodge 168, will work in the E. A. Degree, this, Monday, evening at 8 o'clock. All E. A.'s in good standing are fraternally invited. JOHN zent, W. M. JOHN BEAMISH, Secretary. jy20 It OR RENT.-A Dwelling for a small family, F No. 91 Marketstreet. Rent low. Apply to A. CARR, Boat Stere, Water street. jy19 lw OR RENT.-The building lately occupied F by the Commercial Bank of Tennessee. Apply to J. A. OMBERG, Receiver. JY 18 3t ANTED-An experienced Planter or OverW seer to take charge of a Cotton and Corn Plant tion. The best of references required. Apply to J. W. TODD, at Edmonds, Todd & Co, 308 Front street, Memphis, Tenn. jy 19 In the District Court of the United States, for the District of West Tennessee. In the matter of Morris R. Mitchell, Bankrupt. In Bankruptcy, District of West Tennessee-ss To whom it may concern: The undersigned hereby gives notice of his appointment as assignee of erris R. Mitchell, of Memphis, in the county of Shelby and State of Tennessee, within said District, who has been adjudged a Bankrupt upon his own petition, by the District Court of Said District. Memphis, Tenn. the 18:h day of July, A.D., 1868. WILLIAM Y. CIRODE, jy19 26 2 Assignee, etc. In the District Court of the United States, for the District of West Tennessee. In the matter of Emanuel A. Levy, Bankrupt. In bank. ruptcy, District of West Tennessee--ss To whom it may concern: The undersigned hereby gives notice of his appointment as assignee of Emanuel A. Levy, of Memphis,in thecounty ofShelby and State of Tennesses, within said District, who has been adjudged a Bankrupt upon his own petition, by the District Court of sald District. Memphis, Tennessee, the 18th day of July, A.D., 1888. WILLIAM Y. CIRODE, 2 Assignee, Etc.


Article from Memphis Daily Appeal, October 17, 1868

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CHANCERY COURT-Wm, M. Smith, Chancellor, etc.-Tue decrees and orders entered on yesterday are as follows: Wile vs Boon, leave to answer. somerville Vs Dubose, reference. Butler VS Johnson, order on Sheriff. Brown vs Day, guardian appointed. Glisson vs Kus p, sale. Wilkerson vs F. Ins. Co., reference. Hamilton VS Treat, sale, etc. Edmonds VS Bates, flnai decree. Page VS Commercial Bank of Tennessee, instructions to Receiver. Finlay VS Heylin, consolidation. Mosby V8 Hunt, reference. Hardin VS Hunningham, guardian appointed. White VS Bias, (heirs,) final. Orgih VS Baker, sale confirmed. Caurch VS Trezevant, final. Bolton VS Harrell, final. Quimiy VS Rothrock, pro confesso. Newsom VS Taylor, pro confesso, Butler V6 Small, decree renewed. Bo ton VS Cash, pro confesso Anderson VS Cross, Receiver released. Martin VS Durf, interlocutory order. Robinson VS Williams, sale, etc. Kaapp VS Southern Express Company, interlocutory order. Greenlaw VS Mouroe, consent order. Fargason vs Hawley, guardian appointed. Pierath VS Signiago, reference. Harrison VS Blackburn, sale renewed. Cirode vs/Aikens, reference. Gulle vs Hayer, rence. Cordes VS Murpay, motion to dissolve. Smith VS Hicks, guardian appointed. Galaer VS Smith, guardian appointed. Paul vs Smith, guardian appointed. Wickersham YS Callahan, order on tenants. Cox vs Ketchum, final decree. Irby VS Sherwe 1, order On complainant Niblett VS Brown, administrator appointed. The remaining orders and decrees will be published to morrow morning. The cases set for trial on Monday next are as follows-Court standing adjourned over to Monday 194 Stockley VS Trigg et al. 195 Walker VS Trigs es al. 255 Jones VS Spencer. 271 Chasnir VS Merrill al. 273 Adams VS Memphis and Little Rock Railroad Company a. 274 Trigg et al V8 Trigg et al. 273 Howell V8 Williams. 276 Wicks VS McDermott, 277 Porter VS Street et al. 278 Thompson VS Schmock. 279 Morris et al V8 Seldon & Co et al. 280 Hill et al VS Davie et al. 281 Halum, adm'r, VS Barnett et al. 284 Sharpe & Co V8 Hicks et at. 283 Cope & Co VS Philips st al. 284 Cope & Cove Thomas et al. 285 Gayoso Savings Inst. vs Connell et al. 286 Parker V8 Parker et al. 287 Saffarans VS Hendrickson et al. 288 Clinton V8 McDonald. 2:9 Clinton vs McDonald. 290 Ferguson VS Wade al. 291 Waddell vs Stewart et al. 292 Speckernagle VS Menitee et al. 293 Mosby et al VS Hunt et al. 294 Smith VS Smith et al. 295 Rawlings VS Horne et al. 293 Ragan V8 May et al. 207 Ford, adm'r, V8 Clayton et al. 298 Williferd, adm'r, VS Westbrook et al. 299 Boyd VS Grant et al. 300 Bumenthal VS Horanson. 301 Waiker, adm'r, vs Pickett et al. 302 T igg Vs Nelson, extrx. 803 Bledsoe VS Carpenter et al. 304 Crofford et al V8 Smith et al. 805 Spittle vs Spittle et al. 306 Spivey VS Smith. 307 Price VS Parker. 308 Trader VS Goggin et al. SHELBY CIRCUIT COURT.-Geo. W. Reeves, Judge.-The Jury in the case of the State vs. Hudnall, indictment for murder, returned & verdict of not guilty. The case of Davis vs. Davis, divorce, was on hearing yesterday, but not determined. To-day the case of the State vs. Lanahan, indictment for murder will be cared up for trial. Law COURT-H. S. Lee, Judge.-The cases set for yesterday were disposed of. To-day being motion day, the motion docket will be taken up and called. MUNICIPALCOURT-Geo. W. Waldran, Judge.-The following business was tansacted yesterday : The jury in the case of the State VS Cuaningham, indicted for keeping & gaming house, returned a verdict of guilty and fixed the fine at $50 00. In the cases of the State VS Wetherbee, unlawful retailing, the jury returned a verdict of not guilty. The criminal side of the Court stands adjourned until Monday next. To-day the law side of the Court opens. The cases specially set for trial will be called up and heard. New style Hot et