Article Text
Could Not Get Discounts MONTGOMERY Ala., Aug. 22-The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.
209. First National Bank (Montgomery, AL)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
- 1814
- Charter Number
- 1814
- Start Date
- August 22, 1891
- Location
- Montgomery, Alabama (32.367, -86.300)
Metadata
- Model
- gpt-5-mini
- Short Digest
a4c7b0ad
Response Measures
None
Description
Single article (Aug 22, 1891) reports a temporary suspension due to inability to raise money on discounted paper protested in New York. No run is mentioned; wording 'suspended temporarily' implies an eventual reopening.
Events (1)
1.
August 22, 1891
Suspension
- Cause
- Correspondent
- Cause Details
- Could not raise funds on paper it had discounted; bills protested in New York, indicating trouble in correspondent/discounting market.
- Newspaper Excerpt
- MONTGOMERY Ala., Aug. 22-The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.
- Source
- newspapers
Newspaper Articles (1)
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