20915. Landis Banking Company (Nashville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 28, 1909
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
49d73164

Response Measures

None

Description

The Landis Banking Company was placed in the hands of a court-appointed receiver (Chancery Court) on Jan 28, 1909 and multiple subsequent articles discuss receiver actions and litigation. There is no mention of a depositor run or an ordinary suspension/reopening — the bank is in receivership, consistent with permanent closure. OCR appears accurate for names/dates.

Events (4)
1. January 28, 1909 Receivership
Newspaper Excerpt
The Landis Banking Company was placed in the hands of a receiver Wednesday afternoon, the order being entered by Chancellor Allison in the case of Cumberland Telephone & Telegraph Company against Landis Banking Company and others.
Source
newspapers
2. February 13, 1909 Other
Newspaper Excerpt
Jesse M. Littleton, receiver, whom Judge McConnell appointed of his own motion, went to Nashville today armed with writ of possession to enable him to take charge of the assets of the Landis Banking Company.
Source
newspapers
3. June 4, 1909 Other
Newspaper Excerpt
An automobile loaded with $450,000 in gold ... Jesse M. Littleton, receiver of the Landis Banking company. He at once called on President Caldwell of the telephone company and made formal tender to him of the gold and notes.
Source
newspapers
4. June 5, 1909 Other
Newspaper Excerpt
The Landis Banking company was made defendant in suits for libel ... Another suit was brought by Jesse M. Littleton, receiver of the Landis Banking company, to recover $200,000 from the telephone company.
Source
newspapers

Newspaper Articles (7)
1. January 29, 1909 The Columbia Herald Columbia, TN
Article from The Columbia Herald, January 29, 1909

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Article Text

LANDIS BANK IN 1 RECEIVER'S HANDS APPLICATION OF THE CUMBERLAND TELEPHONE COMPANY AND OTHERS GRANTED. NASHVILLE, Tenn., Jan. 28.-The Landis Banking Company was placed in the hands of a receiver Wednesday afternoon, the order being entered by Chancellor Allison in the case of Cumberland Telephone & Telegraph Company against Landis Banking Company and others, which has been pending in the Chancery Court for sometime. The receiver was appointed on application of the complainant, allegations relating to recent bankruptcy proceedings being the basis of the petition. Gen. Robert Vaughn, Clerk and Master of the Chancery Court, was appointed receiver. The litigations between the two companies grew out of certain stock transactions, and involved a difference of about $50,000. The Landis Banking Company claimed underwriting fees on issues of stock, which claims were resisted by the Telephone Com pany. This case was recently decided in favor of the complainant, and defendants have prayed an appeal to the Supreme Court.

2. February 5, 1909 The Columbia Herald Columbia, TN
Article from The Columbia Herald, February 5, 1909

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Article Text

CONTEMPT CASE IS POSTPONED HEARING AGAINST OFFICIALS OF, CUMBERLAND TELEPHONE CO. SET FO RFEB. 13. I WINCHESTER, Tenn., Jan. 29.The hearing in the contempt cases growing out of the Landis Banking Company litigation, in which warrant were issued by Chancellor McConnel against General Counsel W. L. Gran bery and President James E. Cald well and Secretary John W. Hunter, Jr., of the Cumberland Telephone & Telegraph Company, has been post poned, and will come before Chancel lor T. M. McConnell at a special term to be held in Winchester Saturday, Feb. 13. Chancellor McConnell finished unexpectedly the docket of the regular term, and changed the date of the hearing of the contempt proceedings to Feb. 13, when he will come to Winchester to hold a special term for the purpose. The necessary papers in the case were sent to the Sheriff of Dav. idson County early this morning. Jesse M. Littleton, receiver, whom Judge McConnell appointed of his own motion, went to Nashville today armed with writ of possession to enable him to take charge of the assets of the Landis Banking Company. The order appointing Robert Vaughan receiver, entered by Judge Allison, was not accompanied by writ of pos. sesion.

3. June 5, 1909 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, June 5, 1909

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Article Text

$450, 000 IN GOLD FLATLY REFUSED Nashville, Tenn., June 4.-An automobile loaded with $450,000 in gold and United States treasury notes, drew up this afternoon in front of the offices of the Cumberland Telephone and Telegraph company. From the machine stepped Jesse M. Littleton, receiver of the Landls Banking company. He at once called on President Caldwell of the telephone company and made formal tender to him of the gold and notes. Mr. Caldwell promptly rejected the proffer. Mr. Littleton's action was taken in the case of Coleman versus the Telephone company, his purpose being to take up unissued stock of the telephone company, to which the banking company lays claim. President Caldwell's refusal was based on the claim that the controversy over the stock has already been adjudicated and that the receiver has no interest in it. To complete the formalities of the tender the wealth was stored for the night in the vaults of a local trust company.

4. June 6, 1909 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, June 6, 1909

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Article Text

PHONE COMPANY SUED FOR LIBEL Nashville, June 5.-(Special.)-The cumherland Telephone and Telegraph company was today made defendant in suits in libel respectively by John T. Landis and the Landis Banking company. The suits were filed in the federal court and are for $100,000 each. Another suit was brought by Jesse M. Littleton, receiver of the Landis Banking company, to recover $200,000 from the telephone company, the alleged differences in the value of $396,000 worth of telephone company stock today and February 1, 1907, on which date the Landis Banking company subscribed for that amount of stock. It was this stock that the receiver demanded from the telephone company and tendered. cash in payment.

5. June 11, 1909 The Columbia Herald Columbia, TN
Article from The Columbia Herald, June 11, 1909

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Article Text

PHONE PEOPLE ARE DEFENDANTS LANDIS BANKING COMPANY FILES BIG SUIT AT NASHVILLE. Special to The Herald. NASHVILLE, Tenn., Juse 5.-The Cumberland Telephone & Telegraph company was today made defendants in suits for libel filed respectively by John T. Landis, and the Landis Banking company. The suits were filed in the Federal Court and are for one hundred thousand dollars each. The suits are based on a letter written by President Caldwell of the Cumberland Telephone company to Bowen & Co., of Boston brokers, who had in charge a large amount of telephone company stock held by the Landis Banking company. Mr. Caldwell in this letter is said to have accused the plaintiffs of dishonest conduct. Another suit was brought by Jesse M. Littleton, receiver of the Landis Banking company, to recover $200,000 from the Telephone company. The suit alleges difference in the value of $396,800 worth of Telephone company stock today and February 1st, 1909, on which date the Landis Banking h company subscribed for that amount of stock. It was this stock that the receiver yesterday demanded from the c Telephone company and tendered cash n in payment.

6. July 14, 1909 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, July 14, 1909

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Article Text

MOTION DISMISSED. Chattanooga, Tenn., July 13.Chancellor T. M. McConnell this morning dismissed the motion to remove Jesse M. Littleton, of Winchester, as receiver of the Landis Banking company, of Nashville, and overruled another motion with reference

7. July 16, 1909 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, July 16, 1909

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Article Text

JESSE LITTLETON STICKS. Chattanooga, Tenn., July 15.-Chancellor T. M. McConnell this morning dismissed the motion to remove Jesse M. Littleton of Winchester as receiver of the Landis Banking Company of Nashville, and overruled another motion with reference to the payment of a sum of money to redeem certain stock in the Cumberland Telephone and Telegraph Company.