Article Text
ALABAMA. ENFANLA, Ala, Jan. 15.-The Peoples Bank has suspended.
136. Peoples Bank (Eufaula, AL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 15, 1879
- Location
- Eufaula, Alabama (31.891, -85.145)
Metadata
- Model
- gpt-5-mini
- Short Digest
8fdc8da6
Response Measures
None
Description
Multiple newspapers (Jan 15–16, 1879) report that the People's/Peoples Bank of Eufaula, Ala., 'has suspended.' No article mentions a depositor run, reopening, receivership, or rescue. Because the reports only announce a suspension and give no later reopening, I classify this as suspension_closure (suspension with likely permanent failure) but this is uncertain — no explicit receivership or permanent closure language is given in the clippings.
Events (1)
1.
January 15, 1879
Suspension
- Cause Details
- Contemporary reports only state the bank suspended; no cause (run, insolvency, or government action) is specified in the articles.
- Newspaper Excerpt
- EUFAULA, ALA., Jan. 15.-The People's Bank has suspended.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
FINANCIAL ,IS 30ASHAB HIA BANK SUSPENSION. EUFAULA, ALA., January 15.-The Poo. ples' Bank suspended:
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Article Text
Jumped the track and run over the sleepers for a considérable distance, but no damage was done beyond delaying the train, Bank Suspension. EUFAULA. ALA,, January 15.-The People's Bank has suspended.
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Article Text
FINANCIAL. Apecial Dispatch to The Tribuna. BOSCOREL, Wis., Jan. 15.-Quite a sensation was created this eventing in the city when the aunouncement was made of the changes in officers of the First National Bank. There have been rumors afloat for some weeks that there would be a change, but not generally believed. The Hou. Benjamin M. Coates, one of the oldeat, wealthlest, and most influential citizens, was elected President. Ile has bad much experience In the banking business, having been for some years the President of this same bank, and the news of his election was received with great pleasure. The Hon. Richard Moyer was elected Cashier, vice M. D. Tillotson. Mr. M. has been a banker In Laneaster. Wis., for maby years; he is a inan of the highest business integrity, a very popular gentleman, careful financler, and one who will make friends for the bank. Ills election was balled with delight. Mr. Dwight T. Parker, was elected Vice-Preatdent. He is a young gentleman only 23 years of age, but has shown himself one of the bees business men In the county, and quite wealthy. New YORK, Jan. 15.-M. L. B. Martin, 58 Exchange place; has notified the Stock Exchange of his inability to fuldill lite contracts, and lile suspension has been aunounced. Martin was a prominent operator. Ills failure 14 due to the sharp rise in coal shares, of which he was largely short. A good deal of Delaware, Lackawanna it Western Wai bought tu under the rule for his account. Special Dispatch to The Tribune. LANSING, Mich., Jan. 15.-George W. Frary, a leading bat and cap man of this place, made. an assignment to-day for the benefit of bis credItors. BANGOR, Me., Jan. 15-The stockholders of the Traders' National Bank have voted to close business. EURAULA, Ala., Jan. 15.-The People's Bank has suspended. SAN FRANCISCO, Jan. 15.-The bucket shops of Bernard, Lande & Co. and Stedinan & Co. have suspended and gone into the hands of the Sheriff, who found no assets, although a good deal of money was taken in by both up to withto an hour or two of suspension. The recent rise In the market caused a collapse in Bacramento to-day. Special Dispatch to The Tribuna. BELOIT, Wis., Jan. 15-The Citizens' National Bank of Beloit has just been organized here, with a capital of $50,000. The officers Mrs: President, II. P. Taylor; Vice-President, John R. Relgart; Cashier, W. H. Baumes; Directors, B. T. Merrill, A. B. Carpenter, J. R. Reigart, 11. P. Taylor, C. B. Salmon, and W. H. Baumes. Nr. Taylor comes here from Chicago and invests capital to nearly the amount of the bank's capital stock. The Vice-President, Mr. Reigart, is one of our well-known, reliable, and wealthy citizens, and Mr. Baumes, for several years of the firm of Carpenter & Baumes, leading drygoods merchauts of Belon, has simple capital and good financial ability. The other stockholders are among our must substantial busimess-men. NEW ORLEANS, Jan. 15.-A Hazleburst (Miss.) special reports the failure of B. Daniel & Co. Liabilities, $70,000.