20590. Farmers & Merchants National Bank (Clarksville, TN)

View Charter #3241 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
3241
Charter Number
3241
Start Date
December 10, 1890
Location
Clarksville, Tennessee (36.530, -87.359)

Metadata

Model
gpt-5-mini
Short Digest
130ed245

Response Measures

Capital injected, Full suspension

Other: Stockholders made voluntary assessment to restore capital; comptroller revoked receivership to permit reopening.

Description

A run occurred after the Franklin Bank suspension and Kendrick, Pettus & Co. assignment (Dec 10, 1890). The Farmers & Merchants National Bank closed its doors then; a receiver was appointed (Comptroller notice Jan 3, 1891) and E.T. Peck served as receiver. Stockholders made assessments and the Comptroller revoked the receivership allowing reopening in April 1891. Cause of run attributed to failures of other local banking/merchant concerns (local_banks).

Events (7)
1. August 25, 1884 Chartered
Source
historical_nic
2. December 10, 1890 Run
Cause
Local Banks
Cause Details
Run triggered by failure/suspension of the Franklin Bank and assignment of Kendrick, Pettus & Co.; panic in Clarksville business community.
Measures
Closed its doors temporarily; later went into receivership and stockholders made voluntary assessments.
Newspaper Excerpt
A run on the Farmers' and Merchants' National Bank followed, and the doors were closed.
Source
newspapers
3. January 3, 1891 Receivership
Newspaper Excerpt
Notice is hereby given ... that the same must be presented to E. T. Peck, receiver, ... January 3, 1891 - -Notice ... against The Farmers and Merchants National Bank of Clarksville ... E. S. LACEY, Comptroller of the Currency. (published Jan 10, 1891).
Source
newspapers
4. January 3, 1891 Suspension
Cause
Local Banks
Cause Details
After the run and the failures of the Franklin Bank and large tobacco houses, the bank went into receivership per Comptroller notice; impairment of capital was later made good by stockholders.
Newspaper Excerpt
The bank was closed and a receiver appointed Jan. 3, 1891.
Source
newspapers
5. January 10, 1891 Other
Newspaper Excerpt
E. T. Peck, receiver for the Farmers & Merchants National Bank, arrived ... It is the intention of Mr. Peck to settle up everything as soon as possible ... The depositors will get every cent of their money ...
Source
newspapers
6. April 24, 1891 Reopening
Newspaper Excerpt
The controller of the currency has revoked the commission of the receiver of the Farmers and Merchants' National Bank of Clarksville, Tenn., and has permitted the association to reopen for business. ... The stockholders have, by voluntary assessment, made good the impairment of capital stock, and it resumes business in an entirely solvent condition.
Source
newspapers
7. October 19, 1893 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (23)
1. December 11, 1890 The Morning News Savannah, GA
Article from The Morning News, December 11, 1890

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CRASHES AT OL A RKES VILLE. A Bank and a Tobacco Firm Forced to Suspend. NASHVILLE, TENN., Dec. 10.-A special from Clarksville, Tenn., says: "The Franklin bank of this city suspended pay ment this morning. The failure was caused by the recent failure of Henry Seafert, of New York, a large tobacconist, with whom the Franklin bank had done a large credit business, The Franklin bank is a private bank, with a capital stock of $50,000. The assets and liabilities of the bank are not known as yet. "Kondick, Pet'us & Co., a large tobacco firm, made an assignment to-day. The suspension of the bank, in which the firm had a large deposit, and the stringency of the money market made it impossible for the firm to meet their obligations. Ia order to protect all their creditors alike, they assigned. The liabilities are $41,000. A statement of their assets has not been made. "The liabilities of the Franklin bank amount to over $200,000, and the assets exceed the liabilities by about $50,000. "The liabilities of Kondick, Pettus & Co. are over $400,000. The nominal assets 0Xceed this amount. "A run on the Farmers' and Merchants' National Bank followed, and the doors were closed. This was caused by the other failures, but that institntion will probably resume business in a day or two."

2. December 11, 1890 Wheeling Register Wheeling, WV
Article from Wheeling Register, December 11, 1890

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Financial Failures in Tennessee. CLARKSVILLE, TENN., December 10.The Franklin bank, of this city, suspended payment this morning. The failure was caused by the recent failure of Henry Seafert, of New York, a large tobacconist, with whom the Franklin bank had been doing a largecredit business. Liabilities over $200,000, and assets exceed the liabilities by about $50,000. The directors hope for an early settlement, but the prospects are discouraging. Kendrick, Peetus & Co., a large tobacco firm, made an assignment to-day. Liabilities, over $400,000; nominal assets exceed this amount. The suspension of the bank in which the firm had large deposits, and the stringency of the money market, was the cause of the assignment. A run on the Farmers and Merchants' National Bank followed, and the doors were closed. This was caused by the other failures, but that institution will probably resume business in a day or two. Great excitement exists in business circles.

3. December 11, 1890 The Morning Call San Francisco, CA
Article from The Morning Call, December 11, 1890

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CLOSED DOORS. More Bank Failures Announced-Shipments of Gold From Europe. NEW YORK, Dec. 10.-The suspensi n of Hamilton & Bishop has been announced. The failure is considered unimportant. Hamilton & Bishop are bankers and brokers. They have made an assignment, with $37,000 preferences. ARKANSAS CITY, Dec. 10.-It is said the American Bank, which failed yesterday, will not resume. About $190,000 is due the depositors. It is understood the Federal authorities will take charge. NASHVILLE, Dec. 10.-A dispatch from Clarksville, Tenn., says: The Franklin Bank of this city suspended this morning. The failure was caused by the recent failure of Henry Seafert of New York, with whom the bank has been doing much credit business. The liabilities amount to over $200,000 and assets $250,000. The prospects for a settlement are discouraging. Kendrick, Pettus & Co., a large tobacco firm, assigned to-day. The suspension of the Franklin Bank and the stringent money market made it impossible for the firm to meet its obligations. The liabilities are over $400,000. The nominal assets exceed this amount. A run on the Farmers' and Mechanics' National Bank followed the above failures, and its doors were closed. This was caused by the other failures, but that institution will probably resume in a day or two. Business circles are greatly excited. SMALL ASSETS. CHICAGO, Dec. 10.-The assignee of the Chicago Safe and Lock Company, in which the missing millionaire, B. H. Campbell, held the chief interest, filed an inventory to-day, which was a great surprise. At the time of the failure it was announced that the assets would amount to $700,000. The inventory shows their total to be only $127,000. GOLD FOR NEW YORK. LONDON, Dec. 10.-The Times, in its financial article, says another million pounds in gold will be sent to New York. It repeats that Paris, Berlin and in a minor degree Amsterdam ought to recognize their responsibility in this matter. It urges Berlin bankers to send gold to America and points out that such action is called for as much in the interests of German investors as to prevent the difficulties in New York becoming overwhelming. Bullion to the amount of £350,000 was shipped to America to-day. NEW YORK, Dec. 10.-The gold which left Liverpool on the Majestic to-day is understood to be about $3,250,000. It is understood the Lahn, which sails from Southampton to-morrow, will bring enough to make a total of $5,000,000. CITY OF MEXICO, Dec. 10. - -The Commercial Telegraph Line closed its doors yesterday at Vera Cruz. It is reported to be bankrupt. It is rumored the Government will take up the line.

4. December 11, 1890 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, December 11, 1890

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FAILURES. More Institutions Unable to Stand the Stringency of Money. NASHVILLE. December 10th -A special from Clarksville, Tenn., says: The Franklin Bank of this city suspended this morning. The fail ure was caused by the recent failure of Henry Seafert of New York, with whom the bank had been doing much credit business. The liabilities amount to over $200,000; assets, $250,000. The prospects for settlement are discouraging. Kendrick, Pettus & Co., a large tobacco firm, also assigned to-day. The suspension of the bank and the stringency of the money market made it impossible for the firm to meet its obligations. The liabilities are over $400,000. The nominal assets exceed this amount. A run on the Farmers' and Merchants' National Bank followed, and the doors were closed. I his was caused by the other failures, but that institution will probably resume in a day or two. Business circles are greatly excited. GROCERY FIRM ATTACHED. DENVER, December 10th.-The grocery and importing house of John H. Carleton has been closed on attachments aggregating $24,000. The liabilities are $24,000; assets unknown.

5. December 11, 1890 Evening Star Washington, DC
Article from Evening Star, December 11, 1890

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Tennessee Banks Suspend. The suspension of the Franklin Bank : of Clarksville, Tenn., yesterday was followed by the assignment of Kendrick, Pettus & Co., tobacco dealers. Two or three hours later the Farmers' and Merchants' National Bank suspended payment. The Franklin Bank was a private institution, with a capital stock of $52,000. Kendrick, Pettus & Co.'s liabilities are $410,000. Their assets are not known.

6. December 13, 1890 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, December 13, 1890

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FINANCIAL AFFAIRS. Failures Reported in New York and other Parts of the Country. The New York clearing-house issued $500,000 additional certificates. The total now outstanding is $15,025,000. There has been some discussion of the wisdom of banks buying bills of exchange at the low rates now prevailing and importing gold against them. It is announced that the directors of the Bank of Commerce authorized the purchase of a large amount of sterling ex. change and to take out clearing-house certificates for this purchase. Advices from London says: "Bullion to he amount of £350,000 was withdrawn from the Bank of England for shipment to America." Charles H. Hamilton and William F. Bishop comprising the firm of Hamilton & Bishop, stock brokers and bankers of 96 Broadway, made an assignment to Harman Aaran. Assignee Aaron says the liabilities of the suspended firm would amount to about $75,000 Their assets are not as yet known. Tarlow & Hutshing, manufacturers of knit goods at 34 Walker ssreet, have been closed by thesheriff. Richard D. Young, perfumer at 100 William street, made an as ignment. CLARKSVILLE, TENN.-Tne Franklin Bank of this city, has suspended payment. The failure was caused by the recent failure of Henry Seafert, of New York, a large tobacconist, with whom the Franklin had been doing H large credit business. The Franklin Bank is a private bank, its capital stock is $50,000. The assets and liabilities of the bank are not known as yet. Kendrick, Pettus & Co., a large tobacco firm, made an assignment. The suspension of the bank, in which the firm had large deposits, and the stringency of the money market made it impossible for the firm to meet their obligations, and in order to protect all their creditors alike they assigned. The liabilities are $41,000. A statement of the assets has not been made. The liabilities of the Franklin Bank amount to over $200,000, and assets exceed the liabilities by about $50,000. The liabilities of Kendrick, Pettus & Co., areover $400,000; nominal e-sets exceed this amount. A run' on the Farmers and Mechants' National Bank followed, and the doors were closed. This was caused by the other failures, but that institution will probably resume business in a day or two. Great excitement exists in business circles. MEMPHIS, TENN.-N. L. Avery and Raphael Simmes, conducting business under the firm name of N. L. Avery & Co., at Osceola, Ark.; Avery & Simmes, at Blytheville, Ark.,. and N. L Avery, at Frenchman's Bayou, Ark., made an assignment at Osceola, Ark. They were the principal merchants of that town. Liabilities $60,000, due principally to Memphis and St. Louis creditors. Assets nominally $60,000. The failure is attributed to poor crops and inability to make collections. ARKANSAS CITY, KAN.-The information is given out that the American Bank, will not resume bu iness. A bank inspector and United States marshal will take charge of the bank and close up itsbusiness. There is about $190,000 due depositors. DENVER, CoL-The grocery and importing house of John H. Carleton was closed on attachments of $20,000. The liabilities are $24,000; assets unknown.

7. December 19, 1890 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, December 19, 1890

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TENNESSEE STATE NEWS. / Three Failures at Clarksville. CLARKSVILLE, Dec. 10.-Clarksville business circles have been much agitate& all day over several failures. At an early hour this morning the Franklin Bank of this city suspended payment, with about $200,000 liabilities and assets about $50,000 above this amount. The recent failure of Henry Seabert, a large New York tobacconist, with whom the Franklin Bank did a big credit business, is announced as the reason for the failure. As a result of this suspension, Kendrick, Pettus & Co., tobacconists, made a full assignment, with-liabilities over $400,000. The nominal assets, which consist of real estate, notes and accounts, are said to exceed the liabilities. The following, issued by the firm, gives the cause of the assignment: "Owing to the failure of a large creditor in New York of the Franklin Bank, that institution WAS FORCED TO SUSPEND, and because of the suspension of the bank, in which we had large deposits, and on account of the stringency of the money market, we found we could not meet our obligations, and, to protect our creditors, we have assigned. KENDRICK, PETTUS & Co." About i o'clock in the afternoon the Farmers' and Merchants' National Bank closed its doors. Large sums of money owed by Kendrick, Pettus £ Co. was the cause of its t ouble.

8. January 10, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 10, 1891

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RECEIVER PECK. An Interview With the Man Who is to Wind up the Business of the Farmers & Merchants Bank. E. T. Peck, receiver for the Farmers & Merchants National Bank, arrived last night from Frankford, Kansas, and registered at the Franklin house. He was seen by LEAFCHRONICLE reporter this morning and was found to be a pleasant and well informed gentleman, well versed in banking business. He habeen for the past five years cashier of the First National Bank of Frankford, which position he surrendered to accept the receivership of the Farmers & Merchants Bank. Mr. Peck married the daughter of a former resident of this county, his wife being the daughter of Gen. S. Warden, who built the Port Royal Mills and operated them several years. Mrs. Peck is expected in the city in a few days and will remain until her husband completes his work here. By reference to an advertisement elsewhere it will be seen that the comptroller of the currency gives notice to those holding claims against the Farmers & Merchants Bank to file the same at once with the receiver, so that the business can be wound up. It is the intention of Mr. Peck to settle up everything as soon as possible and no delay should be made in presenting claims. The depositors will get every cent of their money, and they will get it as soon as the assets of the bank can be realized upon. There is no doubt that Mr. Peck is a shrewd business man, fully conversant with the duties devolving upon him in assuming the responsible po sition to which he has been appointed. His recommendations are giltedged, coming from bankers of his own native city, Rochester, N. Y., and elsewhere. He is getting everything ready to-day to go right straight to business Monday morn ing.

9. January 10, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 10, 1891

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Notice to Claimants. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, Washington, D.C., January 3, 1891 - -Notice is hereby given to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennessee, that the same must be presented to E. T. Peck, receiver, with the legal proof thereof, within three months from this date or they may be disallowed. E. S. LACEY, Comptroller of the Currency. jan10,d&w,tf

10. January 13, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 13, 1891

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Notice to Claimants. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, Washington, D.C., January 3, 1891 - - Notice is hereby given to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennessee, that the same must be presented to E. T. Peck, receiver, with the legal proof thereof, within thre months from this date or they may be disallowed. E S. LACEY, Comptroller of the Currency. jan10,d&w,tf

11. January 14, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 14, 1891

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Notice to Claimants. TREASURY Department, OFFICE OF COMPTROLLER OF THE CURRENCY, Washington, D.C, January 3, 1891 -Notice is hereby given to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennessee, that the same must be presented to E. T. Peck, receiver, with the legal proof thereof, within three months from this date or they may be disallowed. E S. LACEY, Comptroller of the Currency. jan10,d&w,tf

12. January 15, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 15, 1891

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Notice to Claimants. TREASURY DEPARTMENT, OFFICE OF Comptroller OF THE CURRENCY, Washington, D.C, January 3, 1891 ---- - Notice is hereby give n to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennesse, that the same must be presented to E. T. Peck, receiver, with the legal proof thereof, within three months from this date or they may be disallowed. E S. LACEY, Comptroller of the Currency. jan10,d&w,tf

13. January 16, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 16, 1891

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Notice to Claimants. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, Washington, D.C,, January 3, 1891 - - Notice is hereby given to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennessre, that the same must be presented to E.T. Peck, receiver, with the legal proof thereof, within three months from this date or they may be disallowed. E S. LACEY, Comptroller of the Currency. jan10,d&w,tf

14. January 17, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, January 17, 1891

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Notice to Claimants. TREASURY Department, OFFICE OF Comptroller OF THE CURRENCY, Washington, D.C., January 3, 1891 - - Notice is hereby given to all persons who may have claims against "The Farmers and Merchants National Bank of Clarksville," Tennessee, that the same must be presented to E. T. Peck, receiver, with the legal proof thereof, within three months from this date or they may be disallowed. E. S. LACEY, Comptroller of the Currency. jan10,d&w,tf

15. February 25, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, February 25, 1891

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John W. Faxon. This gentleman left last Monday for Chattanooga, where he has accepted a position as assistant cashier of the First National Bank, and to make that city his future home. Clarksville can ill afford to lose such a citizen as Mr. Faxon, for he has for many years been identified with its business and enterprise and did much to make the Clarksville of today. For many years he was connected with the Northern Bank, severed his connection with that bank to assume the cashiership of a Nashville bank, where he lived a short while, and finally returned to Clarksville to accept the position of cashier of the Farmers & Merchants National Bank. In a very short while this bank took its place among the best banks in the State. The stringency of the money market, a tobacco business in excess of home ability to carry, visited upon Clarksville a por tion of the general money panic, some of our oldest enterprises were forced to the wall, and the scare that ensued created a run on this bank, necessitating its suspension. Many other good banks all over the country suffered the same fate. Mr. Faxon's many friends regret his departure from Clarksville, and he will be missed socially, in his church, and in business circles. Mrs. Faxon and children will remain a few months before moving to their new home. It is Clarksville's loss and Chattanooga's gain, but we extend to Mr. Faxon and family our best wishes for success.

16. March 6, 1891 The Camden Chronicle Camden, TN
Article from The Camden Chronicle, March 6, 1891

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BRIEF STATE NEWS. A $25,000 snuff plant is the latest industrial enterprise at Clarksville. The War Department served a notice on Adjutant-General Norman Monday, asking for the immediate return of the military statistics of Tennessee for 1890. Col. William W. Gates, the nestor of the Tennessee press, died at his home in Jackson last Sunday morning. He is among the last of the leaders of the old Whig party. Since January 1st, E. A. Collins, of Milan, has sold to eastern parties six horses, born and bred on his farm, for $10,000. It pays so much better to raise horses than scrubs. Governor Buchanan has appointed Hon. John R. Bond judge and Hon. W. W. Wade attorney-general of the eighteenth judicial circuit recently formed by the general assembly. Sheriff Blakemore; of Henry County, returned from Fulton, Ky. Monday having in custody Thomas B. McGehee, who killed his father. in-law, John Aaron, February 17 near the Kentucky State-line. William Runyan, of Huntertown playfully pointed a pistol at John Thompson a few days ago, think ing the pistol was not loaded. He pulled the trigger-Thompson (i) dying, with a bullet in his brain. C. Rudd Smith, under arrest a Memphis,- on the charge of passing bogus cheeks in New Orleans, is : member of a prominent New Yorl family, and is supposed to have weakened his mind by the almos incessant use of cigarettes. Thomas H. Elliot, a prominen man of Montgomery County, ha been elected president of the Farm ers & Merchants National Bank o Clarksville. The directors of th bank are energetically engaged i n making ready for a resumption o n business about the first of April. d r There is said to be a family i o the twenty-third district of Carrol County, consisting of eight person y who have eaten since last Novem ber forty-eight raccoons, two hun r dred rabbits, thirty opossums, on hundred sqirrels, and one thousan d pounds of pork, to say nothing 0 smaller game. E Judge Levi S. Woods, of Lex ington, gives the particulars of rather unusual proceeding in th e circuit court at Purdy, McNair a County. Col. James M. Pace, n leading attorney of the county, wa it subpeened to appear before th grand jury. He refused to testify IS and Judge Woods sentenced hir d to ten days' imprisonment in ja: O and fined him $50. He is servin M out his sentence. it Mr. F. D. Blakemore, of Galla 1. tin, left at the Gallatin Tennessea I'office last week an orange whie NY was pulled from a tree planted an e nursed at his home in that cit Three years ago his daughter 1'e 19 ceived a box of oranges from Ke SS West, Fla., and planted a see from which grew the tree. It wa tnot expected that the tree woul produce fruit, but the second yea of it began to bear and this year in creased. An orange tree in Ter nessee bearing fruit is 0 curiositi

17. April 20, 1891 Daily Tobacco Leaf-Chronicle Clarksville, TN
Article from Daily Tobacco Leaf-Chronicle, April 20, 1891

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ITS DOORS OPEN. Farmers & Merchants Bank Ready for Business. e public will be glad to 7! tor 0. h for Clarksville and ding country. Last Dec n misfortunes came this bank was forced to eason of a run being made 7 its depositors. E.T. kfort, Kansas, was ver of the bank, and ed here and found the e institution hopeful, he < to reorganize it, and et. His effort was a stror being backed up by the ers it was crowned with doors of the bank as a ce were thrown open this and business is being carri yore. B Thoma 'H 'sot wn far and wide for his ty and strict integrity Was ident of the bank, and entire attention to the inter institution. M. Savage, ell and favorably known le of the city and try, that introduction is y, is vice-president. E. recognition of his untiring organizing the bank, and unt of his thorough know banking business was ier. e board of directors is e following well known : H. Elliott, M. Savage, man, H. C Merritt, ling, J. J. Garrett, H. T. G. W. Jesup. the man who isacquainte business men of Clarksvill ppe 01 18 ers and directors of this ng the best in the county. SB umoux II ard; business gentlemen in oublic has the utmost arting out under the new n each and every man e business of the Farmers ts National bank will ake the institution better er was, and will do all er to advance the financi ts of the city and surrou try. Having this end in ask a continued share of mage promising to use the avor for the benefit of 'sue is a fact worth repeating is the first national ever went into the receiver in the United has resumed business. 1 reason of this said Bank ( Campbeil to a reporter,

18. April 24, 1891 Evening Star Washington, DC
Article from Evening Star, April 24, 1891

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To REOPEN FOR BUSINESS.-The controller of the currency has revoked the commission of the receiver of the Farmers and Merchants' National Bank of Clarksville, Tenn., and has permitted the association to reopen for business. The bank was closed and a receiver appointed January 3, 1891. The stockholders have, by voluntary assessment, made good the impairment of capital stock, and it resumes business in an entirely solvent condition. Mr. E. T. Peck, late receiver, has been elected cashier.

19. April 24, 1891 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, April 24, 1891

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THE LATEST. THE trainmen on the Indiana Midland who went out on a strike have induced every man on the road to join them. Wages are overdue. The Farmers' & Merchants' National bank of Clarksville, Tenn., has resumed business. This bank breaks the record, being the first national bank in America that ever resumed after having passed into the hands of a receiver. A GENERAL resumption of work took place at the Edgar Thompson steel works on the 21st, after ten weeks' idleness. The resumption gives employment to 2,000 men. THE railway mail clerk who this year makes the best case record will receive a gold medal from General Superintendent White. A TELEGRAM announces the resignation of Consul-General F. T. Sweeny, now at Constantinople, Turkey. He will again enter the ministry, having accepted a call to a church at Kokomo, Ind. THE natives of Portuguese Guinea, west coast of Africa, have revolted and have hoisted the French flag. The garrison on the island of Bissao has been overpowered and all the Portuguese officers and soldiers have been massacred. EAST Pennsy Ivania dairymen demand the discharge of the Philadelphia collector of internal revenue for alleged violation of the bogus butter law. A LEGAL representative of Anna Dickinson took all her papers and belongings from Pittston, Pa., and conveyed them to New York. A SILEX mine has been discovered in Canada. Glass factories are contemplated. GEN. SHERMAN'S daughter Elizabeth says she and her sister will accept the fund being raised in their behalf as a tribute to their father's memory. Hon. JOHN A. KASSON, of Iowa, at Baltimore states that it is no excuse for the United States in the Italian matter to represent that interior laws prevent the government doing what it ought to do. A RECEIVER has been appointed for the Baltimore & Eastern Shore road. The debts are $1,660,000. IT is announced that 300 more men were dropped from the pay rolls of the Burlington Company last week, effecting an additional saving of $20,000. AN anonymous pamphlet, of which Prince Bismarck is supposed to be the author, has been published in Dresden. The pamphlet is entitled "The Ruin of Austria," and among other things it suggests that Germany's truest policy is an alliance with Russia and Italy.

20. April 24, 1891 The Columbia Herald Columbia, TN
Article from The Columbia Herald, April 24, 1891

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The suspended Farmers' and Merchants' National Bank of Clarksville has elected fffeers, and will resume business to-day. The Bank Examiner says the concern's affairs have been straightened out, and that its condition LB all that could be desired.

21. April 24, 1891 The Morning News Savannah, GA
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CLARKSVILLE'S BANK. The Controller of the Currency Rsvokes the Receivership. W ASHINGTON, April 23.-The controller of the currency has revoked the commission of the receiver of the Farmers' and Merchants' National Bank of Clarksville, Tenn., and has permitted the association to reopen for business. The bank was closed and A receiver appointed Jan. 3, 1891. The stockholders have, by voluntary assessment, made good the impairment of the capital stock, and it resumes business in an entirely solvent condition. E. T. Peck, the late receiver, has been elected cashier.

22. April 30, 1891 Iron County Register Ironton, MO
Article from Iron County Register, April 30, 1891

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Resumed Business. The Farmers' and Merchants' national bank of Clarksville, Tenn., recently placed in the hands of a receiver, has resumed business.

23. January 22, 1892 The Columbia Herald Columbia, TN
Article from The Columbia Herald, January 22, 1892

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A SENSATION AT CLARKSVILLE. I Men Connected With the Defunct Bank Charged With Larceny. CLARKSVILLE, Jan. 18.-A real sensation Was caused to-day when it was made public that the grand jury had found true-bills against three of the men connected with the defunct Franklin Bank. Indictments were returned against P. C. Hambaugh, President; R H. Poindexter, Cashier, and George S. Irwin, one of the Directors. There were two counts in the indictment, grand larceny and embezzlement. In the Criminal Court this afternoon they were placed under a bond of $1,000 each and the cases set for trial at the April term of court. P. C. Hambaugh is a wealthy tobacco dealer, & very old man, and about a year ago he had the misfortune of losing his eyesight, this affliction overtaking him soon after the failure of the bank. R. H. Poindexter is possibly not over 26 years of age, and up to the time of the suspension of the bank was one of the youngest cashiers in Tennessee. George S. Irwin left here just after the crash, it is stated, on account of threats and prejudices of tobacco planters and others who lost money in the firm of Kendrick, Pettus & Co., of which he was a member, blameing him for the failure. He only came back here yesterday to answer the serious charges against him, having for some time been connected with the firm of Allen, Lane & Co., cotton factors, of St. Louis. The failure of the Franklin Bank, which was a private institution, occurred last December a year ago, in which nearly $1,000,000 was involved, also causing the failure of three tobacco warehouse firms, viz.: Kendrick, Pettus & Co., for about $40,000, R. H. Walker & Co., for a large amount and Hancock, Hallums & Co. for more than $100,000, forcing the Farmers' & Merchants' National Bank to suspend. But this bank has broken the national bank record, having resumed business for some time. It is said that the main features connected with the Franklin failure have not come to light as yet and both the developments and the result of the trial of the officials will be awaited by the public with great interest. Nearly all the prominent law yers of the Clarksville bar are to be engaged on the side of the defense. A number of the bank's depositors are the prosecutors.