18163. Nashville Bank (Nashville, TN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
July 1, 1891
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
61a4e377056c02b8

Response Measures

None

Description

Articles describe the Nashville bank's failure and a receivership. Article 1 (1891-07-01) explicitly states 'The Nashville Tenn., bank failure...' with liabilities; Article 2 (1933-05-27) discusses a receiver and investigation. Both indicate the bank closed and had a receiver assigned. The two items are many years apart and may refer to separate episodes or continuing litigation/administration, but the materials provided document a suspension/closure with receivership rather than a mere run or reopening. OCR errors in Article 2 (garbled names/places) were not corrected beyond interpreting it as referring to a receivership investigation.

Events (2)

1. July 1, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was known to be in bad condition prior to failure; large liabilities reported.
Newspaper Excerpt
THE Nashville Tenn., bank failure caused no surprise, as the bank has been known to be in a bad condition for some time. The liabilities are $664,843.19 and creditors are fully covered by first-class paper.
Source
newspapers
2. May 27, 1933 Receivership
Newspaper Excerpt
NASHVILLE BANK RECEIVER ... Attorney General's Aide Approves Services After Investigation. ... complaints have been made by depositors ... about the administration of the receivership ... Moriarity issued the following statement ... find the receiver duties very workmanlike manner and he is to be commended ... our examination was for the interest of and will quiet many nasty rumors ... regarding the management ... the receiver and attorney for their ... it appeared from the investigation that Judge Russell R. ... whose the receivership pending. had acted promptly ... that full hearings all questions involving the bank.
Source
newspapers

Newspaper Articles (2)

Article from New Ulm Weekly Review, July 1, 1891

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Article Text

IN GENERAL, WALTER FEARN of New Orleans, has been appointed chief of the World's Fair department of foreign affairs. WM. P. SMITH, who acted as body servant to A. T, Stewart, will sue Judge Hilton for libel. THE whisky trust has an option on the Hergel Bros.' distillery at Pekin Ill., for $600,000. A COTTON duck pool, contemplating a stock company of $10,000,000 capital, on the lines of a trust, is said to be about to be formed. Gov. Pattison has approved the world's fair bill and named Pennsylvania's commission, which includes A. K. McClure, of Philadelphia, and T. V. Powderly. A TEST of the "writing telegraph" was made between New York and Chicago, and was fairly successful, the conditions being unfavorable. AT a meeting of the officers of the New York State Farmers' League, held in Albany, the third party movement was unanimously denounced. THE schedules of J. and G. Fowler & Co., of New York, commission merchants, who assigned the other day were filed recently, stating liabilities of $572,893; nominal assets, $996,259; actual assets, $22,772. THE Nashville Tenn., bank failure caused no surprise, as the bank has been known to be in a bad condition for some time. The liabilities are $664,843.19 and creditors are fully covered by first-class paper. THE movement to effect a consolidation of the cotton duck manufacturers of the United States is likely to be settled at an early day. The plan contemplates the formation of a stock company with a capital of from $8,000,000 to $10,000,000. THE body of Stonewall Jackson will be quietly moved from the grave in which it has been since its burial and placed in the vault built for the purpose and over which will be erected the monument subscribed by the entire Southern people and which will be unveiled July 21.


Article from The Grand Rapids Press, May 27, 1933

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Article Text

NASHVILLE BANK RECEIVER 0. Attorney General's Aide Approves Services After Investigation. Hastings, May clean bill of health ley. receiver of State bank, and his atorney Sigler, Friday Moriarity of the attorney office following an investigation of the bank For time past complaints have been made by depositors committee. of which Fred White chairman, about the administration of the receivership, and tween factions with the bank and the receivership. the the receiver and the depositors by Arthur Anderson Lansing. the investigation Moriarity issued the following statement find that the loans to rectors and officers far less reasonably expected that above the average. find the receiver duties very workmanlike manner and he is to be commended there* find further that the attorney for has faithfully duties and no criticism of any kind could be offered with the facts surrounding the failure and subsequent the the the bank preceding the closing. find withdrawals by any of the officers or directors. our examination was for the interest of and will quiet many nasty rumors have in and around village regarding the management the for the positors, the end the investlgation. receiver and attorney for their appeared from the investigntion that Judge Russell R. whose the receivership pending. had acted promptly upon brought to his and that full hearings all questions involving the bank.