146. First National Bank (Fort Payne, AL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4064
Charter Number
4064
Start Date
February 1, 1894
Location
Fort Payne, Alabama (34.444, -85.720)

Metadata

Model
gpt-5-mini
Short Digest
99f6416f

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1894-01-26
Date receivership terminated
1897-12-14
OCC cause of failure
Losses
Share of assets assessed as good
24.7%
Share of assets assessed as doubtful
46.0%
Share of assets assessed as worthless
29.3%

Description

Multiple February 1894 newspapers report that the First National Bank of Fort Payne, Ala., 'has suspended' or 'the suspension was announced.' Articles give no details on cause or any reopening; I classify as suspension_closure because the reports present a suspension with no mention of resumption or remedial measures and no contemporaneous reopening is reported. If later evidence of reopening exists, episode_type may need revision.

Events (3)

1. July 2, 1889 Chartered
Source
historical_nic
2. January 26, 1894 Receivership
Source
historical_nic
3. February 1, 1894 Suspension
Cause Details
Newspaper notices simply state the bank suspended; no cause (runs, government action, or insolvency) is specified in the articles provided.
Newspaper Excerpt
THE suspension was announced of the First national bank of Fort Payne, Ala.
Source
newspapers

Newspaper Articles (6)

Article from River Falls Journal, February 1, 1894

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Article Text

WEST AND SOUTH. IN Chicago Mrs. Annie Lindgren's life was crushed out in a mad struggle of the hungry at the county agent's office. NEARLY $50,000 in counterfeit money was unearthed at Louisville, Ky., by a woman who was digging some roots for tea. LUMBER dealers of Ohio, Pennsylvania, Michigan and Indiana in the twelfth annual convention adopted resolutions denouncing the free lumber schedule of the Wilson bill and setting forth that the lumber interests of the country would be ruined if it was enacted into law. FIRE ruined the Interior of the hide, fur and wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church, the total loss being $160,000. ALONZO REED, a dissolute character at Perry, Ill., shot and killed his wife and infant and then ended his own life. AT Madison, Wis., John S. Johnson, of Minneapolis, beat the quarter-mile skating record, going the distance in 0:31½. ONCE more Herman Harms, of Utica, Minn, who has slept most of the time for sixteen years, and whose case has become famous, has awakened. THE suspension was announced of the First national bank of Fort Payne, Ala. HARVEY KENYON, a lad of 18, living at Walch, 0., has been practically mummified below the knees by the extravasation of blood into the muscular tissues following a fit of vomiting. THE leader of the Seventh Day Adventists of Battle Creek, Mich., Elder Uriah Smith, says the end of the world is near. A VETERAN of the war of 1812, Andrew Franklin, who lives in Coffee county, Kan., and is 10% years old, will probably be given a pension of $50 a month. THE convicted Milwaukee banker, Koetting. was sentenced to five years' imprisonment by Judge Clementson. OHIO operators have ordered the mines closed as a result of the coal miners' refusal to accept a reduction in wages. FIRE destroyed an insane asylum near Boone, Ia., and of its nine inmates only one escaped. IN one day gold to the value of $128,000 was taken from the Little Johnnie mine at Leadville, Col. ONE THIRD of the business portion of Solomon City, Kan., was burned.


Article from The Farmers' Union, February 1, 1894

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# Told In a Few Words. --At a meeting in City Temple, London, Dr. Parker, the well-known pastor of that church, spoke in an eulogistic manner of Rev. T. De Witt Talmage, the celebrated divine of Brooklyn, N. Y., who is well known to those who attend the City Temple. Dr. Parker said that the Christian public throughout the world ought to insist upon the withdrawal of Mr. Talmage's resignation as pastor of the Brooklyn Tabernacle. He was, Dr. Parker added, the most vivid and most pictorial of living preachers. Dr. Parker thought that should he decide to leave America he should come to London. --In the prize-ring at Jacksonville, Fla., Thursday, James Corbett, champion pugilist of the world, defeated Charles Mitchell, champion of England, in the third round. The purse was $20,000, with $10,000 personal stakes. After the fight, both men were arrested, and held in $500 bonds. -A boat containing six white men left Sullivan Island, S. C. Monday for the life-saving station on Morris Island. Wednesday the bodies of two of the men were found on the shore of Morris Island. One of them, B. R. Campsen, is a member of the life-saving crew on Morris Island. The other, named Fred Miller, was a resident of Sullivan Island. The other four men are missing and are supposed to be drowned. Nothing is known of the cause of the accident. -Chicago officers raided the house where "Jack" Murrey lived with a woman who claims to be his wife, and captured a full outfit of counterfeiting tools and over $40 in bogus dimes and quarters. Mrs. Murrey denied all knowledge of her husband's illegal practices. -Charles Hoyt, the playwright, it is reported, will marry Miss Caroline Miskell, the actress, next March. -Members of a Methodist congregation at Salem, Ohio, are on trial for accusing a trustee of the church with having an evil eye and practicing witchcraft. -John Reid, President of the Western Trust and Savings Association, of Kansas City, which, when it failed last summer, had only $30 in its vault, has been indicted on seven charges of grand larceny for receiving deposits when he knew the bank to be insolvent. Reid was arrested on a capias, and being unable to procure bail was locked up. -John Meagher, a Petaluma, Cal., rancher, who, with his blind wife Nancy, was shot, was not fatally wounded, as at first reported, but has sufficiently recovered to denounce Fred Bryan, his nephew, as the man who did the shooting. Bryan denies the story. -At Colorado City, Colo., the J. B. Wheeler Bank began paying all depositors in full. It failed last July. -At Sherman, Texas, the frame mill of the Sherman Oil and Cotton Company burned. The loss is estimated at $100,000 and is covered by insurance. -The First National Bank of Fort Payne, Ala., has suspended. -Every indication seems to point to the recovery of George W. Childs. -Controller Eckels has ordered an assessment of 100 per cent. on the defunct Citizens' Bank of Grand Island, Neb. -Judge Coffey of San Francisco has made an order granting Mrs. Jane L. Stanford an allowance of $19,000 monthly pending the settlement of the Leland Stanford estate. -The property of the Fort Payne Coal and Iron Company, Fort Payne, Ala, and the Sheffield Land, Coal and Iron Company, were sold Wednesday by order of the United States Court. The former company had floated $5,000,000 bonds in the East, and the latter company's property is valued at $1,000,000. -The Lima Natural Gas Company commenced an injunction suit against the city of Lima to prevent the latter from publishing an ordinance just passed regulating the price of natural gas. -Mrs. Georgia D. Scott sued A. L. Scott and Joseph Scott, wholesale shoe dealers of Pittsburg, for $50,000 damages for alienating the affections of her husband and their brother, William E. Scott. -Miss Gena Moore Jones, daughter of Governor and Mrs. Jones, of Alabama, and Charles T. Holt, son of ex-Governor Holt of Raleigh, N. C. were married at St. John's Episcopal Church, Montgomery, by Bishop H. M. Jackson. -John Allen, administrator, obtained a judgment for $5,000 against the Toledo, St Louis and Kansas City Railroad Company on account of the death of Chris Allen, a laborer. -Beckley, of Pittsburg, is pushing a scheme for benefit ball games for Catcher Bennett, who recently lost both legs. -D. G. Greer, foreman of a lumber company near Birmingham, Ala., was killed by a limb from a falling tree. Jim Benton, a negro lad, was killed by another limb. -Fifteen persons lost their lives in a railroad accident near Samara in the southeastern part of Russia. -Henry De Jaezer, an insane patient at the Chicago Detention Hospital, hanged himself with a towel in the bathroom. -Senator Palmer's residence at Springfield, Ill., was badly damaged by fire. State Treasurer Ramsey occupied the house. -John Brodie, at Valparaiso, Ind., was fined for denouncing the grand jury system to the body and court. -Cold weather has reduced the pressure in the natural gas fields around Celina, Ohio, and suffering is the result. -Milwaukee business men may form a concern to compete with the telephone company by reducing the rate. -James Bamka, of Duluth, sued the Chicago, St. Paul, Minneapolis and Omaha Road for $15,000 damages for injuries received at a grade crossing. -In a quarrel at Painesville, Ind., Robert Lawson crushed the skull of Effie Arbuckle with a scale weight. Arbuckle will die and Lawson escaped.


Article from Perrysburg Journal, February 3, 1894

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DOMESTIC. KOETTING, the convicted Milwaukee banker, was sentenced to five years' imprisonment by Judge Clementson. As A result of the coal miners' refusal to accept a reduction in wages Ohio operators have ordered the mines closed. A STEAM heater in a passenger coach on a Texas road burst and two men were killed and three injured. THE boiler in a sawmill at Newman, Ga., exploded, instanlly killing William Kidd and Oscar Herring. Kidd's head was blown off. ANDREW FRANKLIN, a veteran of the of who lives in Coffee county, is 102 bly be a a war Kan., and given 1812, pension years old, of $50 will month. probaTHE First national bank of Fort Payne, Ala., has suspended. THE interior of the hide, furand wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church were burned, the total loss being $160,000. By the extravasation of blood into the muscular tissues following a fit of vomiting Harvey Kenyon, a lad of 13, living at Walch, O., has been practically mummified below the knees FIRE destroyed St. Paul's Episcopal church in Louisville, Ky., the loss being $100,000; insurance, $54,000. THE house of a man named Thomson was wrecked by a snowslide in White Bird Gulch, Idaho, and his four daughters were killed. By the capsizing of a boat in the harbor at Charleston, S. C., six men were drowned. JEREMIAH M. MULVIHILL, alderman of the Seventeenth ward in Chicago, was shot and probably fatally wounded in a saloon by Mike Fewer, who was drunk. COLD weather reduced the pressure in fields O., was the and natural great suffering gas around the Celina, result. Two FREEPORT (III.) young women sawed several cords of wood donated to their church by a farmer. TWELVE of the hat factories at Danbury, Conn., have resumed operations with non-union men. B. B. CAMPSEN and Fred Miller and four others were drowned by a boat capsizing near Sullivan island, S.C. THREE grandchildren of Frank Miggins were burned to death in his house at Crawford's, Ala. MRS. EMIL KELLAR while insane shot and killed her husband, her 9-monthsold and herself in strike was A child BIG gold made Auburn, 18 N. miles Y. from Sorocco, N. M. THREE victims of superstition were expelled as the result of the witchcraft trials in the Salem (O.) Methodist church. A TRIAL of the monster Niagara falls tunnel water power proved to be a success. THE Sherman Oil & Cotton company's mill at Sherman, Tex., was burned, the loss being $100,000e SEVERAL heretofore reputable farmers and merchants in Jackson county, Ia., were found to be robbers and ar1 rested. EDWARD THOMPSON and his 10-yeardaughter were aphyxiated by natural s gas at Indianapolis. IN the prize fight at Jacksonville, y Fla., between James J. Corbett, of California, and Charles Mitchell, of Eng1 latter was in t the the d land, third the round, giving "knocked Corbett out" world. title of champion pugilist of the e ENGLAND was said to be preparing e troops for Egypt. The relations bee tween the two countries were strained. k THE exchanges at the leading cleard ing houses in the United States during e the week ended on the 26th aggregated r $840,227,507, against $924,925,525 the previous week. The decrease, compared with the corresponding week in 1893 was 36.6. a SEVEN were frozen to death f in the recent r business in THERE Oklahoma were persons during 430 failures blizzard. States in the seven 407 ended the United on the 26th, against the week days n previous and 255 in the corresponding t time in 1893. 1THE old Schuschardt homestead at I, Newton, L. I., containg many family relies and paintings, was burned, the loss being $100,000. BECKLEY, of Pittsburgh, is pushing a y scheme for benefit ball games for n Catcher Bennett, who recently lost both legs.


Article from The Cape Girardeau Democrat, February 3, 1894

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WEST AND SOUTH LUMBER dealers of Ohio, Pennsylvania, Michigan and Indiana in the twelfth annual convention adopted resolutions denouncing the free lumber schedule of the Wilson bill and setting forth that the lumber interests of the country would be ruined if it was enacted into law. FIRE ruined the interior of the hide, fur and wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church, the total loss being $160,000. ALONZO RERD, a dissolute character at Perry, III., shot and killed his wife and infant and then ended his own life. AT Madison, Wis, John S. Johnson, of Minneapolis, beat the quarter-mile skating record, going the distance in 0:31 16. ONCE more Herman Harms, of Utica, Minn, who has slept most of the time for sixteen years, and whose case has become famous. has awakened. THE suspension was announced of the First national bank of Fort Payne, Ala. HARVEY KENYON, a lad of 18, living at Walch, O., has been practically mummified below the knees by the extravssation of blood into the muscular tissues following a fit of vomiting. THE leader of the Seventh Day Adventists of Battle Creek, Mich., Elder Uriah Smith, says the end of the world is near. A VETERAN of the war of 1812, Andrew Franklin. who lives in Coffee county, Kan. and is 103 years oid, will probably be given c pension of $50 a month


Article from Mrs. Grundy, April 7, 1921

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TENNESSEE EVENTS Gatheredfrom All Corners. of the State and Told in Briefest For.n exare at to be made more Jackpected old tailor shop of Andrew United the former president of the a re son, in Greenville, Tenn., as by States. of the property being acquired located the sult state. The building is old board on East Depot street. The around the which was originally wire fence has been torn away and stead, a but shop has been put in its no no fence from this there has been with is ticcable aside change. A little Tailor," sign words, "A Jackson. tailor still the over the door of the old shop. McMinnville.-The town was death great. of shocked over the tragic was ly Hamilton. Mr. Hamilton farm in James a new home on his to town building West Riverside, and had come was reload of shingles. As he cross the for a home he had to just as turning at Walling's mill, and the team bridge he was driving off the bridge, shingles became frightened by some and gave a from the wagon. Hamilton falling quick plunge, throwing Mr. crushed wagon. His skull was and off and the the wagon ran over his neck shoulders. Knoxville.- Maurice Mays, murder the neconvicted here of the 1919, of Mrs. gro Bertie Lindsey, in August. race riots which crime brought on the jail, storming of the Knox county Nashville, and brought here from since his was he has been confined grantwhere trial. The supreme court that the first new trial on the grounds the jury ed a judge failed to charge event trial the punishment in the first of finding to fix the defendant guilty. of degree murder. Clarksville - Among the true county bills by the Montgomery Silas and found four are against three on on charges J. T. grand Bennie ing and jury, Finney, larceny and housebreak- one charge of breaking jail. the who escaped from the county indictNorth. with the Finneys, was drunkenness also jail charges of public of the ed on jail. All three and breaking still at large and practically men all trace are of them has been lost. The excitement Bank caus- of Chattanooga. the run on the Citizens' subsided ed by Payne seems to have banks in without Fort involving any other anticipasection of the state. In other that of probable trouble all the stand tion prepared themselves to banks the First National. firm. One bank. large sum of / : arranged to have a by airhad brought to Fort Payne made money plane should an attempt be to run on the bank. of Benton.-M. V. Davis, member brother, county court, his E the Davis. Polk postmaster. and prominent and Ed L. merchant of Conasauga; Bob killing of charged with the after McCamy. Sheriff Tidker Headrick of Deputy affray over the transportation acquitan few months ago, were trial liquor ted by a á jury here following a lasting several days. Hartsville.-Dr. Byron W. of King, Orapresident of the King School lecturPittsburg. has been here high tory, under auspices of the local of the ing The first entertainment delivered school. was a lecture-sermon folseries Methodist church, this being readings at the by other features and and lowed three times daily at the church the school building. Winchester.-The - Twentieth Cenits seventeenth tury with a anniversary club celebrated birthday party sec- at of Mrs. B. G. slaughter The members were joint the and home vice-president. hostesses following with ParSlaughter: Mrs. J. Robert J. Mrs. Mrs. W. M. Porter, Mrs. B. sons, Calhoun Misses Ola V. Anderton and Irene Shook. Memphis.-Held - at bay by Sergeant drawn the hands of Police Detective pistols Cleary in and McClenahan, Sergeants Will mob Griffin and D. E. a South of approximately 400 negroes in failed to take John Powell, had Memphis negro. whom the police wife. another arrested for the murder of his Union City -Street building million plans approximating a quarter of a dollars for Union City, Tenn.; have been placed in the hands of Weatherford & Harris, Memphis engineers. Knoxville.-Ninety three candles in the birthday cake of Mrs. held were Saraphine Baxter at a celebration at her home at Washington college, Johnson City.


Article from The Dickson County Herald, April 8, 1921

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Chattanocks The excitement cause ed by the run on the Chizens Bank of Fort Payne seems to have subsided without involving any other banks in that section of the state. In anticipa tion of probable trouble all the other banks prepared themselves to stand firm. One bank the First National had arranzed to have a large sum of money brought to Fort Payne by airplane should an attempt be made to run on the bank