20561. Bristol Bank and Trust Company (Bristol, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 29, 1895
Location
Bristol, Tennessee (36.595, -82.189)

Metadata

Model
gpt-5-mini
Short Digest
75b463a4

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Mar 29–30, 1895) state the Bristol Bank and Trust Company 'assigned' (made a general assignment for benefit of creditors). No run is reported. Assignment appears permanent (second assignment in 15 months); receivership/closure implied. Several stories cite the Hanover Bank of New York with claims (~$5,100) forcing the assignment.

Events (1)
1. March 29, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
General assignment forced by creditor claims (Hanover Bank of New York with ~$5,100 claim) leading bank to assign for benefit of creditors; second assignment within fifteen months.
Newspaper Excerpt
BRISTOL, Tenn., March 29.-The Bristol Bank and Trust company assigned this morning. Assets, $50,159; liabilities, $24,720; due to depositors, $16,900. The Hanover Bank, of New-York City, with claims for $5,100, pushed the bank to the wall.
Source
newspapers

Newspaper Articles (10)
1. March 30, 1895 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, March 30, 1895

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Article Text

NEWS NUGGETS. Brought by the Wires from the North, East, South and West. R. G. Dun & Co. report: Failures this week, 234 in the United States, against 23 in the corresponding period of last year. Betting at London, Friday night, was 9 to 2 on Oxford, for the Oxford-Cambridge race to be rowed, today, on the Thantes. At Paris, Friday, when the picture of O'Brien, the bunco man, was shown to Waddle, he declared it was the face of his assailant's brother. Fire shortly before midnight, Saturday morning, in the flve-story building occupied by John Cagvanagh, wholesale shoe dealer, Brooklyn, N. Y., caused a loss of $75,000. George Bartlett and son William of Norwalk, Ct., went down river, Thursday, in a small boat after fish and clams and have not returned. Their absence causes great alarm. Nine United States mail boxes, in different parts of Keene, N. H., were broken into, Thursday night, and their contents rifled. This is the third time within a year that the letter boxes have been tampered with. The Bristol Bank and Trust Company, Bristol, Tenn., assigned, Friday. Assets, $50,159; liabilities, $24,720 due depositors, $16,900. It is the second assignment of the bank in 15 months, and it is expected it will pay in full easily. Mrs. Holloway was held for the grand jury without bail at Barton Landing, Vt., Friday, charged with poisoning her husband. One Chase it is alleged to have been unduly intimate with Mrs. Holloway and is a fugitive from justice. He is charged with being accessory. John A. Brown, aged 31, a salesman for James Talcott, woolen merchant of New York, Friday, culminated four years of abuse and persecution of his young wife by shooting and seriously wounding her, at the residence of her father, 500 South 42d street, Philadelphia, and then kil'ed himself almost instantly. A Carson, Nevada, special says: Reinhold Sadlier, Lient. Governor of that state, was, Thursday arrested in Eureka county, on a charge of embezzlement. The charges were preferred by a stage driver in Sadlier's employ, who charges that be held back money that he had drawn from the government. Sadlier is under bonds. The Dominion government has received representations from the district of Alberta, of the Northwest territories, urging the propriety of conferring autonomy upon the district. The area of Alberta, which is the most westerly of the territories, is 105,100 square miles, and it is claimed to have a population of 40,000. At the athletic meeting at the Y. M. C. A. gymnasium, at Bridgeport, Ct., Friday. tonight, S. Liebgold of the Pastime Club, New York, walked half a mile in 3 minutes and 5 4-5 seconds, breaking his own indoor record, which is that of America, by 3 4-5 seconds. The mile record was lowered to 6 minutes, 36 seconds. and the record for threemiles cut to 24 minutes, 18 1-5 seconds. Despite the fact that the American Axe and Tool Co. closed its doors, at Whitinsville, Mass, Saturday, notice is posted to the effect that work will be resumed, Monday, if a sufficient number of men return to work. If not, the works will be closed permanently. The syndicate will stand firm for a reduction. The workmen unanimously voted not to return to work under a reduction. About one-third of the workmen have left town. College presidents from the colleges of the north Central states, convened, Friday at the Northwestern University, Evanston, III. The meeting was called by President Angell of the University of Michigan, for the purpose of discussing the subject of organizing an intercollegiate association. The purpose of the meeting. if possible, is to agree on a special method for the admittance of students to universities.

2. March 30, 1895 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 30, 1895

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Article Text

Other Business Troubles. CINCINNATI, March 29.-Receiver W. H. Campbell, of the Commercial Bank, was before the Insolvency Court, to-day, to testify on the deposits received Wednesday afternoon, after the clearing house had refused to honor the checks on the Commercial Bank. Benjamin Dale, for himself and clients, deposited over $14,000 at 2 p. m. on that day. It was not entered in his bank book, but put in an envelope. To-day he sued to recover the same, claiming it was not deposited. Dale's suit will be made a test case for all deposits made after 1:30, Wednesday, the hour of the action of the clearing house. BRISTOL, Tenn., March 29.-The Bristol Bank and Trust Company made a general assignment to-day for the benefit of its creditors. The total assets are $50,159; liabilities, $24,720; due to depositors, $16,900. Included in the assets is the bank's building, valued at $23,000. This is the second time this bank has closed its doors within fifteen months. TOPEKA, Kan., March 29.-Bank Commissioner Breidenthal has received notice of the suspension of the Bank of Canton, McPherson county, the property of two brothers named Gray. Its capital stock is $6,000, and its deposits, when it made its last report, were about $17,000. It had no authority from the Bank Commissioner to run. CLEVELAND, O., March 29.-A. H. Stefe & Co., wholesale glove dealers, at No. 119 Bank street, assigned for the benefit of their creditors to R. R. Holden to-day. The concern is one of the oldest in the city. Assets were said to be about $40,000 and liabilities more than that.

3. March 30, 1895 New-York Tribune New York, NY
Article from New-York Tribune, March 30, 1895

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Article Text

FAILURE OF A SOUTHERN BANK. Bristol. Tenn., March 29.-The Bristol Bank and Trust Company assigned this morning. Assets, $56,159: Habilities, $24,720; due to depositors, $16,900. The Hanover Bank, of New-York City, with claims for $5,100, pushed the bank to the wall. It is the second assignment of the bank In fifteen months, and it is expected It will pay in full easily.

4. March 30, 1895 Birmingham Age-Herald Birmingham, AL
Article from Birmingham Age-Herald, March 30, 1895

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Article Text

ITS SECOND ASSIGNMENT. BRISTOL, Tenn., March 29.-The Bristol Bank and Trust company assigned this morning. Assets, $50,159; liabilities, $24,720; due to depositors, $16,900. The Hanover bank of New York city, with claims for $5100, pushed the bank to the wall. It is the second assignment of the bank in filteen months, and it is said it will pay in full easily.

5. April 4, 1895 The Gold Leaf Henderson, NC
Article from The Gold Leaf, April 4, 1895

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Article Text

FAILURE OF A BRISTOL BANK. Assets Over $25,000, More Than the Liabilities-Depositors Lose Nothing. BRISTOL, Tenn., March 30.-The Bristol Bank and Trust company assigned yesterday. Assets, $50,159; liabilities, $24,720; due to depositors $16,900. The Hanover bank, of New York City, with claims for 5,100, pushed the bank to the wall. It is the second assignment of the bank in fifteen months, and it is expected it will pay in full easily.

6. April 5, 1895 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, April 5, 1895

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Article Text

FAILURE OF A BRISTOL BANK. Assets Over 825,000, More Than the Liabilities-Depositors Lose Nothing. BRISTOL, Tenn., March 30.-The Bristol Bank and Trust company assigned yesterday. Assets, $50,159; liabilities, 824,720 ; due to depositors $16,900. The Hanover bank, of New York City, with claims for 5,100, pushed the bank to the wall. It is the second assignment of the bank in fifteen months, and it IS expected it will pay in full easily.

7. April 5, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, April 5, 1895

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MINOR NEWS ITEMS. For the Week Ending April 8. The Colorado legislature adjourned sine die. The State bank of Stanton, Neb., went into voluntary liquidation. The Clarence bank at Clarence, Mo., suspended with liabilities of $80,000. The Forty-ninth general assembly of Tennessee reconvened at Nashville. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. Daniel Baugh, residing near Jeffersonville, Ind., celebrated his 106th birthday. The Florida legislature convened at Tallahassee for its biennial session of sixty days. Camille Doucet, who since 1875 had been perpetual secretary of the French Academy, died in Paris. August Swanson, of Clinton, Ia., beheaded his 7-year-old son, using a handax to commit the murder. In a runaway accident near South Bend, Ind., two children of James Hicks were trampled to death. Iowa was visited by a snowstorm, while heavy rains in other western states allayed all fears of drought. Anton C. Hesing, president of the Illinois Staats Zeitung company, died at his home in Chicago, aged 72 years. Five men, including the American superintendent, were killed by an explosion in the San Rafael (Mexico) mine. The Findlay Rolling Mill company of Findlay, O., made an assignment with assets of $250,000 and liabilities of $125,000. The woman suffrage clause in the proposed constitution of the new state of Utah was passed by an overwheiming vote. Oxford defeated Cambridge in the annual boat race in London, leading throughout and winning by a length and a half. The government forces won a decisive victory over the rebels in Colombia and the revolution was believed to be at an end. Postmaster General Bissell issued an order restricting second-class matter to actual subscribers for journals entitled to the pound rate. William Rush. of Sioux City, Ia., received $20,000 from his mother's estate some time ago and squandered it. He committed suicide. One hundred inmates of the Sussex county (0.) children's home were inoculated with anti-toxine because of an outbreak of diphtheria. The British ship Morseby, long overdue, reached San Francisco 241 days from Liverpool, having been delayed and disabled by South Atlantic storms. Henry Thorne, owner of a stock farm near Fort Recovery, O., shot and killed his wife and then hanged himself. Financial trouble had unsettled his mind.

8. April 6, 1895 Le Meschacébé Lucy, Edgard, Bonnet Carre, Reserve, LA
Article from Le Meschacébé, April 6, 1895

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FAILURE OF A BRISTOL BANK. Assets Over 825,000, More Than the Lia. bilities-Depositors Lose Nothing. BRISTOL, Tenn., March 30.-The Bristol Bank and Trust company assigned yesterday. Assets, $50,159; liabilities, 824,720 due to depositors $16,900. The Hanover bank, of New York City, with claims for 5,100, pushed the bank to the wall. It is the second assignment of the bank in fifteen months, and it is expected it will pay in full easily.

9. April 10, 1895 The Enterprise Wellington, OH
Article from The Enterprise, April 10, 1895

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MINOR NEWS ITEMS. For the Week Ending April 6. The City national bank of Fort Worth, Tex., closed its doors. The State bank of Stanton, Neb., went into voluntary liquidation. The sugar trust issued orders to jobbers to stop selling foreign sugar. The Clarence bank at Clarence, Mo., suspended with liabilities of $30,000. The Forty-ninth general assembly of Tennessee reconvened at Nashville. Maryland democrats will hold their state convention in Baltimore July 31. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The post office at Springfield, III., was robbed of about $10,000 worth of stamps. Six hundred tramps created a reign of terror in the towns of Bivalve and Port Morris, N. J. Jack Sims, an Oklahoma desperado, was killed by citizens of Cushing while terrorizing the town. Leading western stockraisers were considering plans for defeating the dressed beef combine. President Clayton, of the National farmer's congress, says the next session will be held in Denver. The sixty-fifth annual conference of the Mormon churches convened in the tabernacle at Salt Lake City. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. Investigation shows that the United States is protecting Canadian sealers at a cost of $107 for each skin. In a runaway accident near South Bend, Ind., two children of James Hicks were trampled to death. The packet Iron Queen was burned on the Ohio river at Antiquity and the colored chambermaid was lost. Ex-Congressman Benjamin Gwin Harris died at his home, "Ellensbow," near Leonardtown, Md,, aged 90 years. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. The Findlay Rolling Mill company of Findlay, O., made an assignment with assets of $250,000 and liabilities of $125,000. The city council passed an order forbidding glove contests in Chicago because aldermen were denied free admission. The woman suffrage clause in the proposed constitution of the new state of Utah was passed by an overwhelming vote. Insurance companies were canceling policies on Indianapolis saloons, fearing the new temperance law might incite to arson. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A bill passed the Michigan legislature by which the county of Manitou is disorganized and attached to Charlevoix and Leelanaw counties. Martin Kapsch. just elected town trustee in Gloverville, a suburb of Denver, accidentally shot and killed himself while cleaning a revolver. Advices received in Washington say that if Great Britain resorts to force all of the Central American republics will tender their services to Niearagua. A freight train was wrecked near Alton, 111., and Charles Bell, Henry Blitz. Frank Harrison and David Heffley were killed and fourteen other persons were injured. The Cleveland World has been sold to Robert P. Porter, formerly superintendent of the census, for $20,000. The paper will be personally conducted by Mr. Porter and his wife. Train wreckers placed a tie on the

10. April 12, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, April 12, 1895

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MINOR NEWS ITEMS. For the Week Ending April 10. The Nebraska legislature adjourned sine die. A war between Norway and Sweden was said to be impending. Kirkpatrick & Co., wholesale grocers at Nashville, Tenn., failed for $175,000. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The net result of municipal elections in New Jersey was a victory for the republicans. Under the new constitution Utah will have eighteen senators and forty-five representatives. Rocky Ford, the English colony settlement in New Mexico, was completely wiped out by fire. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. The czar has refused to abolish the law prohibiting Jews from living within 50 versts of the Russian frontier. The bank of Axtell, Neb,, failed to open its doors. The failure was caused by drought and business stagnation. The bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. Five Seventh-day Adventists. convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. The United States consul at Berlin reports that there is a demand for good, sound American apples in Germany, but no supply. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A rainfall for thirty-six hours was general throughout the west and last year's drought-stricken region of Nebraska received a drenching. About forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. The Kentucky grand lodge Knights of Honor unveiled a monument at Louisville to the memory of James A. Demaree, the founder of the order. The Southern Land & Timber company (English), of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. T. M. O'Kelley murdered his aged wife at Vicksburg, Miss., with a hatchet and afterward committed suicide. He was supposed to be insane. Ninety- three farmers from Colorado, Nebraska, Kansas and Illinois are now in the southeastern part of North Carolina looking for lands. They are an advance guard. School elections were held in all the principal towns in Montana, and were remarkable from the fact that in most of the cities at least half the vote was cast by women. The American starch works, largest in the west, were burned at Columbus, Ind., causing a loss of $300,000. Lewis Wade, a colored warehouseman. per-