20670. National Bank (Jellico, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
7636
Charter Number
7636
Start Date
September 22, 1906
Location
Jellico, Tennessee (36.588, -84.127)

Metadata

Model
gpt-5-mini
Short Digest
bce6f75d

Response Measures

None

Description

A dynamite explosion in Jellico (Sept 22, 1906) forced the National Bank to suspend operations for one day; articles state it was running again as usual. This is a suspension caused by a local shock (disaster), followed by reopening.

Events (3)

1. March 7, 1905 Chartered
Source
historical_nic
2. September 22, 1906 Suspension
Cause
Local Shock
Cause Details
Dynamite explosion in Jellico severely damaged bank building and town, forcing the bank to suspend operations for one day.
Newspaper Excerpt
The National Bank had to suspend operations for one day. It is running today as usual, though without any front to its office, and its whole building in a very dilapidated state.
Source
newspapers
3. January 1, 1919 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Evening Star, September 22, 1906

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Article Text

THE JELLICO DISASTER REVISED LIST SHOWS 3 DEAD AND FULLY 150 INJURED. JELLICO, Tenn., September 22.-Revised estimates of the dead in consequence of the dynamite explosion at this place yesterday show only seven fatalities instead of twelve. Five of those reported dead are yet living, but are believed to be fatally hurt. The known dead are: John-Cook, Joseph Selers, Walter Rodgers, George Atking, James Reynolds, John G. Gordon (colored), a Syrian, whose name has not been learned. The list of injured numbers fully 150, and about twenty of these are so severely wounded that some of them may die. The property loss is now estimated at less than half a million dollars, but may exceed that figure. Citizens of the town have begun heroically the work of rehabilitation, and it is now believed they will be able to cope with the situation without the necessity of outside aid. Mayor R. B. Baird of Jellico, Tenn., has received many letters and also telegrams from all parts of the country, volunteering aid to the stricken town. It being impossible to respond to these inquiries singly, Mayor Baird has asked the Associated Press to circulate this general statement in response to offers for aid: Letter to the Public. "JELLICO, Tenn., September 22.-To the public: "It is impossible to describe in words the havoc wrought by this explosion. Buildings of all kinds are damaged. Many of them are total wrecks. There are very few windows in the whole town left, and on Main street the roofs are torn and stocks of goods are left exposed to the weather. Nothing like a careful estimate has been made of the property loss. "From 100 to 200 persons have been injured by falling walls, or timber and by flying debris, but only a small per cent of the injuries are serious. The people are behaving well and the work of cleaning up the town and getting ready for business has actually begun. "We feel grateful for the offers of assistance which are coming in from all parts of the country, but we feel that we can handle the situation without outside help, and If we can we prefer to do so. The National Bank had to suspend operations for one day. It is running today as usual, though without any front to its office, and its whole building in a very dilapidated state. The mercantile houses are cleaning up and arranging their stocks, and in a few days will be doing business as usual."


Article from The Ely Miner, September 28, 1906

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Article Text

DYNAMITE BLAST FATAL TO SEVEN LATEST REPORT FROM JELLICO, TENN., DISASTER LOWERS FIRST ESTIMATE. Property Loss May Exceed $500,000Work of Rehabilitating Town in Progress-Mayor of Stricken City Issues Statement. Jellico, Tenn., Sept. 24.-Revised estimates of the dead, in consequence of the terrible dynamite explosion at this place, show only seven fatalities instead of 12, as was at first believed. Five of those reported dead are still living, but are believed to be fatally injured. The known dead are: John Cook, Jos. Selers, Walter Ridgers, Geo. Atkins, Jas. Reynolds, John G. Gordon, colored, and a Syrian whose name has not been learned. The list of injured numbers fully 150 and about 20 of these are so severely wounded that some of them may die. The property loss is conservatively estimated at less than half a million dollars and may exceed that figure. Citizens of the town have begun heroically the work of rehabilitation and it is now believed they will be able to cope with the situation without the necessity of outside aid. Aid Offered Stricken Town. Mayor R. B. Baird, of Jellico, Tean., has received many letters and also telegrams from all parts of the country, volunteering aid of the stricken town. It being impossible to respond to these inquiries singly, Mayor Baird has asked the press to circulate this general statement in response to of fers for aid: "Jellico, Tenn., Sept. 22.-To the Public: It is impossible to describe in words the havoc wrought by this explosion. Buildings of all kinds are damaged. Many of them are total wrecks. There are very few windows in the whole town left, and on Main street the roofs are torn and stocks of goods are left exposed to the weather. Nothing like a careful estimate has been made of the property loss. "Up to this time eight to ten persons are reported dead. There were 100 to 200 injured by falling walls, or timber and by flying debris, but a small per cent. of the injured are serious. The people are behaving well and the work of cleaning up the town and getting ready for business has actually begun. "We feel grateful for the offers of assistance which are coming in from all parts of the country, and of the expressions of sympathy. But we feel that we can handle the situation without outside help, and if we can, we prefer to do so. The National bank had to suspend operations for one day, but it is running again as usual, but without any front to its office, and its whole building in a very dilapidated state. The mercantile houses are cleaning up and arranging their stocks, and in a few days will be doing business as usual."