Rhea County Bank - Dayton, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 25, 1893
Location: Dayton, Tennessee (35.494, -85.012)

Metadata

Model: gpt-5-mini
Short Digest: d591c895

Response Measures

None

Description

Article (Apr 25, 1893) states Rhea County Bank at Dayton has closed its doors and that its liabilities are heavy and depositors will suffer. No mention of a prior run or reopening; indicates permanent closure/suspension with likely insolvency.

Events (1)

1. April 25, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed due to heavy liabilities and likely insolvency; depositors expected to suffer.
Newspaper Excerpt: The Rhea County Bank, at Dayton, has closed its doors. Its liabilities are reported heavy, and individual depositors will suffer.
Source: newspapers

Newspaper Articles (1)

1. April 28, 1893 The Camden Chronicle Camden, TN

Article from The Camden Chronicle, April 28, 1893

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Article Text

EVA, April 25. NEWSY PICK-UPS. Happenings that Might be of Interest is Our Readers. The growing wheat crop of Obion County is said to be exceedingly promising. The meeting of the Southern Baptist Convention takes place at Nashville commencing May 11. Light shipments of strawberries are reported from some of the lower counties. The crop is short. W. H. Lowry has been appointed postmaster at Hollow Rock in place of a Mr. Jordan, who declined to accept. President Cleveland will press the button that will set the machinery of the World's Fair in motion next Monday. The Rhea County Bank, at Dayton, has closed its doors. Its liabilities are reported heavy, and individual depositors will suffer. The Ralph Davis disbarrment case, which was appealed from Shelby County, was argued before the supreme court at Jackson Monday. For raping a girl under 16 years old Charles Flaherty, a Catholic priest of Oswego, N. Y., has been sent to the penitentiary for seven and a-half years. The troops returned from Tracy City Tuesday, and unless the mining company enforce too stringent measures in regard to employing the uprising sminers, no further trouble is feared. James Hudson and Harry Butterfield, two well-known young men of Nashville, 1 were run over and killed by a Louisville & Nashville Railroad train, near NashI ville, last Monday night. A correspondent from Henry to the American says the damage by the late frosts to the bean cropalone will amount to several thousand dollars at that place, S as an extensive crop had been planted. The $41,000 balance due the State on the direct tax refund has been paid over to the State officials, and will be paid out to the claimants when proper claim is made for it. Most, if not all, of this $41, 000 goes to Shelby County. Burglars got in their work at Bethel Springs, McNairy County, Sunday night and made quite a respectable haul of cash d and valuable papers. Wonder if this is the same old gang that has been working throughout West Tennessee? A Nashville girl, Alice Cushman, who is said to be pretty, mentally unsound, le and frail, has attempted suicide three times lately by taking poison, but a stomach-pump was secured in each instance in time to save her. She is now in the insane asylum. During the burning of her home at Fayetteville, Saturday night last, Mrs. Ben Thompson, thinking one of her children was still in the burning building, rushed into the flames to try and save it, and was SO badly burned she will die. The child had been safely taken out.