Bank of Chattanooga - Chattanooga, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 23, 1893
Location: Chattanooga, Tennessee (35.046, -85.310)

Metadata

Model: gpt-5-mini
Short Digest: 982df252

Response Measures

None

Description

Article (The Times, 1893-06-23) lists 'BANK failures were reported ... at Chattanooga, Tenn.' No mention of a depositor run or reopening; described as a failure. Given lack of detail about runs or receivership in the excerpt, I classify this as a suspension leading to permanent closure. Cause assigned as macro_news because the item is part of many contemporaneous bank failures (Panic of 1893) referenced in the same list; the article does not specify a bank-specific scandal or misinformation.

Events (1)

1. June 23, 1893 Suspension

Cause: Macro News
Cause Details: Listed among multiple contemporaneous bank failures reported in the paper; no bank-specific trigger described in the excerpt.
Newspaper Excerpt: BANK failures were reported at Lebanon and Albany in Oregon, at New Hanover, N. C., at Chattanooga, Tenn. and at Plainville, Kan.
Source: newspapers

Newspaper Articles (1)

1. June 23, 1893 The Times Owosso, MI

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Article Text

LATER. CONTRACTOR DANT, Superintendent Covert, Engineer Sasse and Col. Ainsworth were held responsible by the coroner's jury for the death of the Ford theater victims in Washington and the government was censured for carelessness. THE village of Jeffersontown, Ky., was swept away by fire. THE Kanawaha Lumber company at Boston failed for $785,900, pulling down with it W. H. Leatherbee & Son with liabilities of $217,000 and A. F. Leatherbee & Co. with liabilities of $231,000. THE Missouri law permitting the sale of vagrants has been declared unconstitutional by the state supreme court. EXPONENTS of banking, finance, railway, commerce, board of trade, insurance, building and loan associations and mercantile credits met in Chicago and inaugurated the world's congresses of commerce and finance. THE George L. Squire Manufacturing company at Buffalo, N. Y. failed for $200,000. AN incendiary fire destroyed the business portion of Tillamook, Ore., leaving many parties destitute. Loss over $100,000. A PLAN of celebration has been conceived by the committee in Chicago in charge of the Columbian liberty bell whereby on July 4 all the bells in schoolhouses and churches of the land will ring simultaneously at noon. THE Capital national bank at Indianapolis, Ina., which suspended one month ago has resumed business. BECAUSE of Sunday opening of the world's fair Bishop Merrill says the general commission of the Methodist denomination will issue a manifesto withdrawing the Methodist exhibits from the fair within two weeks and asking the 5,000,000 members of the church to keep away from the exposition on week days as well as on Sun days. BANK failures were reported at Lebanon and Albany in Oregon, at New Hanover, N. C., at Chattanooga, Tenn., and at Plainville, Kan. THE forest fires in the Mesaba iron range in Wisconsin caused a damage of over $1,000,000 and left nearly 4,000 persons homeless and destitute. Reports from Ashland state that forest fires were sweeping over miles of country and hundreds of homesteaders were in danger. John Meagher perished near Moquah and two children were burned to death at Sanborn and the town wiped out. Similar forest fires were also burning over the whole upper Michigan peninsula.