Article Text
a The Bank of the Union, Nashville, suspended last Saturday. The owner, A. J. Duncan, made a deed of trust. The creditors of the bank, it is said, are secured against loss.
20885. Bank of the Union (Nashville, TN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- May 22, 1869
- Location
- Nashville, Tennessee (36.166, -86.784)
Metadata
- Model
- gpt-5-mini
- Short Digest
0beb5fac
Response Measures
None
Description
Article (Fayetteville Observer, 1869-05-27) states the Bank of the Union, Nashville, suspended 'last Saturday' and that owner A. J. Duncan made a deed of trust; creditors said to be secured. I infer suspension occurred on 1869-05-22 (the Saturday before publication). No mention of a run or reopening; deed of trust suggests a voluntary arrangement and permanent closure/settlement. Bank type is uncertain from name; labeled as private.
Events (1)
1.
May 22, 1869
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Owner A. J. Duncan executed a deed of trust to secure creditors after the bank suspended; appears to be a voluntary settlement/arrangement rather than a run or government closure.
- Newspaper Excerpt
- The Bank of the Union, Nashville, suspended last Saturday. The owner, A. J. Duncan, made a deed of trust. The creditors of the bank, it is said, are secured against loss.
- Source
- newspapers
Newspaper Articles (1)
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