Article Text
The Northern Bank of Tennessee, located at Clarksville, has resumed business. Its circulation at present is just five thousand dollars. This bank never did suspend specie payments, until it closed doors in 1862.
Northern Bank of Tennessee (Clarksville, TN)
Episode Information
- Episode UID
87006770745- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Bank ID
-
8700677routing - Routing Number
87-0067- Start Date
- January 1, 1862*
- Location
- Clarksville, Tennessee (36.530, -87.359)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
0307e9fe99a3ae9d
Response Measures
None
Events (2)
1.
January 1, 1862*
Suspension
- Cause
- Local Shock
- Cause Details
- Closed during the Civil War after the fall of Fort Donelson; assets removed for safety.
- Newspaper Excerpt
- This bank did not suspend specie payment until it closed doors in 1862.
- Source
- newspapers
2.
July 25, 1865
Reopening
- Newspaper Excerpt
- The Northern Bank of Tennessee, located at Clarksville, has resumed business. Its circulation at present is just five thousand dollars.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
TENNESSEE ITEMS-Late Nashville papers furnish be following items: The Northern Bank of Tennessee, at Clarksville, has resumed business. It has a present circulation of five thousand dollars. This bank did not suspend specie payment until it closed doors in 1862. The Clarksville Chronicle says the crops in that quarter are in good growing order. The tobacco crop, though late, is looking up. The Memphis and Charleston Railroad will be in complete working order by the middle of October. On Monday a difficulty occurred at Gallatin between a Federal officer and a returned rebel Major, which led to considerable disturbance between citizens and soldiers. Several of the former were arrested, and at last accounts the writ of habeas corpus was after them. For the last three weeks a great revival has been progressing at Trinity Church in Edgefield, conducted by Rev. E. Carr and others. The fruits 80 far are forty conversions and twenty-eight accessions. A white deer, without a red or colored hair on any part, was killed in Cannon county a few days since. On Saturday a citizen was shot and killed by a soldier who accused him of stealing his horse. The dying man firmly denied the charge to the last. The military authorities have the case in hand. Captain L. B. Burnett, of the 2d Alabama cavalry, is awaiting trial at Bridgeport, for shooting a sergeant who insisted on taking his side arms, as his duty required him to do.
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Article Text
100 The Northern Bank of Tennessee, at Clarksville, has resumed business. This bank did not suspend specie payment until it closed doors in 1862, and it has now a circulation of $5,000.
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Article Text
ment during any of these panics or at any time since its organization A. Our bank has versuspended payment since it commenced business. During the war, after the fall of Fort Donelson, it was closed and the assets principally removed to a safe place, but in the interim the Cashier was at home with means at all times to. redeem outstanding notes, and paid our depositors on the streets or when he could find them-that is, all who would consent to receive payment. Many preferred to let their accounts stand. Q. Can you give me any idea of the method of doing business by which the Northern Bank kept afloat while so many others went under A. In general terms, cautionand vigilance saved us, especially in keeping a watch over the business transactions of those who dealt with us, and closing accounts with such as did not appear safe to us before trouble came. Q. That means what is expressed in the vernacul r as "keeping your eye skinned," does it not ? A. That comes as near the truth as can be stated without the details. The above conversation will be interesting to our readers as giving some insight into the history of what is now the oldest bank in the State. We will add, however, that some things told us by Mr. Kennedy were much more interesting than what is here published. They relate to the history of the bank during the war, when it had no local habitation and scarcely a name; when its assets were carted about over mountains and by-roads, and its customers dealt with on street corners and in private chambers. If we can ever prevail upon our friend to give this history to the public (and we hope to do so, spite of his sensitive shrinking from anything that looks like egotism), our columns will be invested with all the interest that attaches to a combination of romance and reality.