Buck's Bank - McMinnville, TN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 8, 1858
Location: McMinnville, Tennessee (35.683, -85.770)

Metadata

Model: gpt-5-mini
Short Digest: 2280f37d

Response Measures

None

Description

Article (Fayetteville Observer, 1858-07-08) states Buck's Bank at McMinnville has resumed specie payments, implying a prior suspension. No run or depositor panic is reported. The bank is described as a Free Bank (state-level).

Events (3)

1. July 8, 1858 Other

Newspaper Excerpt: Buck's Bank, located at McMinnville, has resumed specie payments. This is a Free Bank, but one of the strongest in the State.
Source: newspapers

2. July 8, 1858 Reopening

Newspaper Excerpt: has resumed specie payments.
Source: newspapers

3. * Suspension

Cause Details: Prior suspension implied (resumed specie payments) but no cause or timing given in article.
Source: newspapers

Newspaper Articles (1)

1. July 8, 1858 Fayetteville Observer Fayetteville, TN

Article from Fayetteville Observer, July 8, 1858

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Article Text

LettersThe post office list of letters is published in another column. MONETARY. We have inadvertantly omitted to mention that Buck's Bank, located at McMinnville, has resumed specie payments. This is a Free Bank, but one of the strongest in the State. Welearn from an officer of the Lawrenceburg Bink-which since its suspension, has been winding up -that the present outstanding C.Fenlation of that bank is less than $32,000,and we are assured, that the bank possesses more than ample means 10 liquidate its liabilities. It will be remembered that the charter of this bank makes the stockholders responsible in their individnal property for its liabilities, and as they are all wealthy men, there is no danger of holders of the notes of the bank sustaining any loss. The bank is winding up its offairs as speedily as possible. There is no demand for the issues of the Exchange Bank, and we hear nothing throwing any light upon its condition.