Bank of Rosedale - Rosedale, MS

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 1, 1900*
Location: Rosedale, Mississippi (33.853, -91.028)

Metadata

Model: gpt-5-mini
Short Digest: abb5c9f8

Response Measures

None

Description

Article (1906) recounts that the Bank of Rosedale 'suspended payment' around 1900; the Scotts pledged property and have paid every depositor in full. No explicit mention of a run or of a receiver/forced closure. Because depositors were made whole by the proprietors and no receivership or permanent closure is mentioned, I classify this as a suspension with subsequent successful resolution/reopening. Exact suspension date not given; context ties events to 1900 (presentation of the cup in Dec 1900). Cause of suspension is not specified in the article.

Events (2)

1. December 1, 1900* Other

Newspaper Excerpt: you have paid every depositor in full, and you have secured every creditor of every kind. One hundred thousand dollars have you and Mrs. Scott thus paid in full, and you have done it ... at a pecuniary loss to both of you of thirty odd thousand dollars.
Source: newspapers

2. December 1, 1900* Suspension

Cause Details: Article does not state the reason for suspension; simply reports that the bank suspended payments and proprietors pledged personal property to satisfy depositors.
Newspaper Excerpt: When the Bank of Rosedale suspended payment, you, not legally or morally bound for its debts, pledged all your property for the payment of depositors.
Source: newspapers

Newspaper Articles (1)

1. September 22, 1906 The Bolivar County Democrat Rosedale, MS

Article from The Bolivar County Democrat, September 22, 1906

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Article Text

A SPLENDID TRIBUTE. The following is a copy of the address signed by the depositors and creditors of the Bank of Rosedale that accompanied the silver loving cup when presented to Mr. and Mrs. Charles Scott in December, 1900. The address was written by Judge A. H. Whitfield at the request of the depositors and creditors of the bank: Mr. Scott: When the Bank of Rosedale suspended payment, you, not legally or morally bound for its debts, pledged all your property for the payment of depositors. More than this, your noble wife pledged her entire estate. More than this, you have paid every depositor in full, and you have secured every creditor of every kind. One hundred thousand dollars have you and Mrs. Scott thus paid in full, and you have done it, not only by giving your time and unexampled business skill, by day and by night, but at a pecuniary loss to both of you of thirty odd thousand dollars. Sir, we set forth these facts because their simple recital is beyond the eloquence of all words, and we wish them thus preserved, to be handed down to your posterity. They will know therefrom that their ancestors and ancestresses were cast in royal mould; held honor dearer than fortune or life, and in an age grown infamous with the malign spirit of commercialism, exemplified, in severest stress, the moral resplendence of that high, exalted sentiment which fulfilled the sky of the "Sunny South of Old" with unapproachable glory and made her men the grandest and her women the fairest that graced the earth. To us who live in this day, acts like these of yours and your gracious wife rise dietinct and splendid from the ordinary level like a white monument against a dark sky, to the serene atmosphere, where honor, truth, right, God make their home. Accept, sir, this simple testimonial, and with it our hearts' warmest appreYOUR FRIENDS. ciation.