Article Text
Could Not Get Discounts MONTGOMERY Ala., Aug. 22-The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.
First National Bank (Montgomery, AL)
Episode Information
- Episode Type
- Suspension → Reopening
- Start Date
- August 22, 1891
- Location
- Montgomery, Alabama (32.367, -86.300)
- Bank Type
- national
- Charter Number
- 1814
Metadata
Events (2)
1.
April 28, 1871
Chartered
- Source
- historical_nic
2.
August 22, 1891
Suspension
- Cause
- Correspondent
- Cause Details
- Could not raise money on paper the bank had discounted; that paper was protested in New York, causing temporary suspension
- Newspaper Excerpt
- The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.
- Source
- newspapers
Newspaper Articles (1)
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