Memphis Bank - Memphis, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 9, 1926
Location: Memphis, Tennessee (35.150, -90.049)

Metadata

Model: gpt-5-mini
Short Digest: 9b4ca13c

Response Measures

None

Description

The article header includes the line 'MEMPHIS BANK RECEIVER NAMED' (Birmingham Post-Herald, 1926-12-09). The text is truncated, but naming a receiver indicates the bank was placed in receivership (government action) and thus closed. No mention of a depositor run is present in the provided excerpt. Details about reason for receivership are not provided in the snippet.

Events (1)

1. December 9, 1926 Receivership

Newspaper Excerpt: MEMPHIS BANK RECEIVER NAMED
Source: newspapers

Newspaper Articles (1)

1. December 9, 1926 Birmingham Post-Herald Birmingham, AL

Article from Birmingham Post-Herald, December 9, 1926

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Article Text

EDWIN DENBY DEFENDS ACTS IN FALL TRIAL Former Secretary Of The Navy Undergoes MerSenator Simmons Enciless Examination dorses Garner's Plan WITNESS ASSUMES ALL RESPONSIBILITY 000,000 tax reduction Heavy Siege Verbal Bomwas presented congress today bardment Becomes High out word comment from the floor by Its Representative Garner Point Of Day of Texas. referred the ways ranking minority member. Endorsed (By Associated Press) by democrats both house senate Dec. Edwin the measure proposes reduction of the Denby, who secretary of the corporation tax from per he swept from the and repeal the amusecabinet by the oil revelations of ment, dues and produce 1924, emerged his retirement today defend his official Fackig hard legislative journey, record under the fire of merci- republican President Coolidge has prosecutor. opposition to permanent tax On the stand as defense witness duction bill in the Fall-Doheny oil conspiracy of the and trial cabinet of- would opAlthough Garner ficer told the jury he accepted full from discussing his bill from the floor, the navy's part estimated statement that in the 1922 leasing program, the fiscal personally the leases and contracts given Edward Doheny's President while Albert B. Fall Coolidge's corporation was Senator North Carolina, secretary of the interior. the tax the Sticks To Story senate, statement that support of bill Then under pummeling attack by announced Prosecutor Roberts, to his story in the the senate further reducing the record the rates incomes those his direct reduction taxes. He estimated his amendments examination would cut $20,000,000 explained he had been afforded vidual $15,000,000 from toopportunity taxes. in Octosurplus in the treasury ber, 1923. but refreshed his sufficient time. Mr the said, Denby personally suggested no President Harding, in that reduction should be to the not be the In the house today the quesof which Fall tion touched during debate said the leasing policy had been supply bill by Chairman upon himself after the had convinced serted favor the Presidrainage the public domain dent's proposal for and tax reduction He indicated, and that this suggestion not support the him from naval ocratic proposal. the interior departGuardia, republican. New York said company officials. thought treasury should Denby told the he never applied to reduction of the public debt. the Elk that not recall Doheny's name been mentioned in depart- MEMPHIS BANK mental conferences he was called April 1922. of the Pearl contract Doheny's RECEIVER NAMED (Continued on Page 2, Column 2)