20570. Camden Bank & Trust Company (Camden, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 14, 1903
Location
Camden, Tennessee (36.059, -88.098)

Metadata

Model
gpt-5-mini
Short Digest
4c981823

Response Measures

None

Description

The Camden Bank and Trust Co. is described as 'defunct' with a receiver (D. G. Hudson) already appointed some years earlier. No run is reported. Articles from Aug 1903 discuss the receiver's absence/return and alleged embezzlement of $13,000; the bank remains closed with a receiver handling distributions. Classified as a suspension leading to closure (receivership).

Events (2)

1. August 14, 1903 Receivership
Newspaper Excerpt
Reciver Missing. Camden, Tenn., Aug. 14.-Camden is excited over the supposed embezzlement of $13,000 of funds of the defunct Camden Bank and Trust Co., by D.G. Hudson, receiver.
Source
newspapers
2. August 21, 1903 Other
Newspaper Excerpt
RECEIVER D. G. HUDSON. D.G. Hudson, receiver of the defunct Camden Bank and Trust Co., about whose absence grave rumors gained circulation here last week, returned home last Sunday, after an absence of about two weeks. ... Mr. Hudson was appointed receiver of the bank about three years ago, and has made payments to depositors to the amount of 75 per cent of their claims.
Source
newspapers

Newspaper Articles (3)

Article from The Camden Chronicle, August 21, 1903

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Article Text

RECEIVER D. G. HUDSON. D.G. Hudson, receiver of the defunct Camden Bank and Trust Co., about whose absence grave rumors gained circulation here last week, returned home last Sunday, after an absence of about two weeks. Mr. Hudson was appointed receiver of the bank about three years ago, and has made payments to depositors to the amount of 75 per cent of their claims. At the July term of chancery court he made a report showing assets of $13,000, and the court ordered that $6,000 of this sum be paid to attorneys in the case, and that the balance of $7,000 be distributed among the depositors. Mr. Hudson left Tuesday after the adjournment of court, but his absence created little comment until last Friday. When appointed receiver Mr. Hudson secured bond from the Fidelity Deposit Co., of Baltimore, and when Mr. Charles Merriweather of Louisville, Ky., an agent of the above company, arrived here last Friday and began his investigation, rumors more or less startling became rife, and it was whispered about that Hudson was probably a defaulter. When advised of the situation and rumors in circulation here Mr. Hudson returned home Sunday. Mr. Merriweather is still here. No settlement has yet been made, but Mr. Hudson informed us yesterday that settlement would be made Saturday and not later than next Monday. There are rumors of a compromise being arranged, and the friends of Mr. Hudson feel confident that matters will be arranged to the satisfaction of all parties.concerned.


Article from The Bolivar Bulletin, August 21, 1903

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Article Text

Reciver Missing. Camden, Tenn., Aug. 14.-Camden is excited over the supposed embezzlement of $13,000 of funds of the defunct Camden Bank and Trust Co., by D.G. Hudson, receiver. At the July term of Chancery Court, the court made an order allowing Hudson to make settlement within ten days. The ten days have expired, Hudson has made no settlement and his present whereabouts is unknown. The Fidelity and Deposit Company of Maryland at Baltimore, is Hudson's bondsman. Charles Meriwether, of Louisville, Ky., representing the above company, is here looking into the Datter.--Commercial Appeal. D. G. Hudson is well known in Tennessee, especially among politicians. He will be remembered here as having figured considerably in the Jackson-Tuten campaign.


Article from The Camden Chronicle, September 4, 1903

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Article Text

There must be "something in the air" with reference to the old Camden Bank and Trust Co. matter, and further developments in connection therewith may be looked for shortly. Ex-Mayor Watkins of Chattanooga, general councellor for the State of the Fidelity Deposit Co. and Hon. E. L. Bullock of Jackson, also councellor for the above company, have been here this week looking into the matter, and they have intimated that under the circumstances the company is not li. able for the bond of Receiver D. G. Hudson. Mr. Hudson has made no settlement with the depositors, and it is intimated that he will be asked to resign the receivership.