20948. Planters Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 26, 1860
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
6d2e1f9b

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (dated Nov 26, 1860) report the Planters', Union, and State Banks of Tennessee suspended specie payments at the request of the community. No articles mention a depositor run, receivership, permanent closure, or reopening details; the suspension appears to be a temporary/community-requested suspension rather than following a run or government seizure. I therefore classify this as a suspension (temporary) with implied intent to resume (suspension_reopening).

Events (1)

1. November 26, 1860 Suspension
Cause Details
Suspension of specie payments executed at the request of the community (community/merchants asked banks to suspend).
Newspaper Excerpt
The Planters', Union, and State Banks, of Tennessee, have suspended specie payment, at the request of the community.
Source
newspapers

Newspaper Articles (10)

Article from New Orleans Daily Crescent, November 27, 1860

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Article Text

TELEGRAPHED TO THE NEW ORLEANS CRESCENT. LATER FROM CALIFORNIA. ARRIVAL OF THE PONY EXPRESS. [BY THE SOUTHWESTERN LINE.] FORT KEARNEY, Nov. 25.-The Central Overland Pony Express passed here to-day, with California dates to the 14th inst. SAN FRANCISCO, Nov. 14.-The trade with the country, since the departure of the last express, has been less active. We quote Rio Coffee at 142 to 15c. per lb. Sugar is quiet, and sales are made at previous rates. The Presidential election returns, from the distant counties in the State of California, were coming in slowly. That Lincoln has carried the State there can be no donbt. Valuable mineral discoveries have been made near the Esmeralda mines and in Sonora. Esporsa, the filibuster ringleader, was killed in a fight in Lower California. His band of marauders are committing robberies and murder by the wholesale. European Letters and Circulars. NEW YORK, Nov. 26.-The steamship Arago, from Southampton the 14th inst., arrived at this port at 2 o'clock yesterday afternoon. The mails brought by her for the Sonthern cities were sent off in the early evening train. Messrs. James Hewitt & Co. confirm their report by the Palestine, and say that the cotton market closed firm. Spinners purchase sparingly. They quote Middling Orleans at 91d. They put down the imports of the week ending with Friday, the 9th inst., at 10,000 bales. The total quantity of cotton known to be at sea on Saturday was 60,000 bales, against 90,000 at the corresponding period last year. Messrs. James Hewitt & Co. report the Manchester trade unchanged. The same circular reports Lard active and advanced 6d. to 12d. Havre Cotton Market. HAVRE, Nov. 9.-The prices of cotton yesterday fully recovered the decline of 1 to 2f. We quote New Orleans Bas at 94f. The sales to-day were confined to 1500 bales, the market closing quiet at unchanged quotations. Bank Suspensions in Tennessee. NASHVILLE, Nov. 26.-At the urgent request of the community, the Bank of Tennessee and the Planters' and Union Banks suspended specie payment to -day. Failure in Buffalo. BUFFALO, Nov. 24.-The money panic here is felt with severity. The extensive banking establishment of Messrs. Wm. o. Brown & Co. suspended to-day. New Orleans Mails for Europe. NEW YORK, Nov. 24.-The steamship Bremen sailed from this port to-day for Southampton and Bremen, taking out New Orleans mails of the 19th inst., and telegraphic dispatches from New Orleans of the 23d. The Crisis Rapidly Abating. NEW YORK, Nov. 24.-The most cheerful feelings continue to prevail here. The associated banks have discounted seven millions of dollars since Wednesday. Specie remains undistributed. Stocks have advanced ten per cent. since Tuesday. The best paper is discounted at ten per cent. Rates have still a downward tendency. Action of the Boston Banks. BOSTON, Nov. 24.-A meeting of the Boston banks was held to-day and resolved to expand the discounts as the only means of saving the merchants. The measures practically came from New York. Mississippi Legislative Proceedings. JACKSON, Nov. 26.-The extra session of the Legislature of Mississippi merely organized to-day. The Governor's message to the Legislature was read in both Houses. Its tone is uncompromising. The members all appear to be unanimous for secession. [There is no possibility of obtaining a full report to -night on account of an interruption in the working of the telegraph line.] River Intelligence. VICKSBURG, Nov. 26.-The steamer McDowell passed down at 3 o'clock on Sunday, the Scotland passed down at noon, the Sioux City at 4, the L. M. Kennett at 5, and the James Battle at 10 o'clock P. M. yesterday.


Article from The Daily Exchange, November 27, 1860

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Article Text

Bank Suspensions. NASHVILLE, Nov. 26.-The "Planters', " "Union" and "State Bank" of Tennessee, have suspended specie payments at the request of the community.


Article from Worcester Daily Spy, November 27, 1860

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LATEST NEWS. BY TELEGRAPH TO THE WORCESTER DAILY SPY From Washington and the South. New York, Nov. 26.-The Herald's correspondent states that Chief Justice Taney has resigned. Attorney General Black will probably succeed him. The latter has given the president his opinion, that no state has a constitutional right to secede. Arrangements are making here for a conference of the southern members of congress, after the assembling of that body. Mr. Slidell his notified the president that he will not attend the senate the present session unless his vote is desired specially. Private advices from Texas state that the lone star flag had again been raised, and that the state will organize a government for herself. It is reported that the Pacific representatives contemplate an address to their constituents urging a separate confederacy, including California, Oregon, Washington, Utah, and New Mexico It is stated that the kidnapping of free negro sailors in Florida, caused great indignation there. Exertions to recover the negroes and to bring the guilty parties to punishment, are being made. PETERSBURG, Va., Nov. 26.-Mr. Clingman has been nominated by a democratic legislative caucus at Raleigh, N. C., for United States senator. Hon. M. E. Manley was elected supreme judge by the legislature on Saturday There is considerable secession talk among the members. Nashville, TENN., Nov. 26.-The Planters, Union, and State banks of Tennessee, have suspended specie payment by request of the business community. Augusta, GA., Nov. 26.-A. H. Stephens and Dr. Perkins have been unanimously nominated to the state convention from Taliaferro county. Stepnens made a conservative speech. WASHINGTON, Nov. 26.-No official notification of Taney's resignation has been made. No such information has been received at the Attorney General's office. BALTIMORE, Nev. 26.-The association, calling themselves "southern volunteer," dis played the Palnetto flag, yesterday, from their rooms. The bark Isabel displayed the Palmetto flag. Allthe ships in the vicinity displayed the stars and stripes. CHARLESTON, Nov. 26.-Sales of cotton 2000 bales. ranging from 81/2 to 10³₄ firm. Milledgeville, Nov. 26.-The senate bank bill passed the house by 93 against 27. A veto is expected, but it will probably pass over the veto. AUGUSTA, GA., Nov. 26.--The banks have advanced the rates on New York sight drafts to half premium. WASHINGTON, Nov. 26.-The government to-day received official information from Minister Clay, and suspended i tereourse with Peru, and the Peruvian minister was turnished with passports. All diplomatic intercourse between the two countries is terminated.


Article from The National Republican, November 27, 1860

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Article Text

BANK SUSPENSIONS. Nashville, Nov. 26.-The Planters', Union, and State Bank, of Tennessee, have suspended specie payment at the request of the community. I


Article from Nashville Union and American, November 27, 1860

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Article Text

NOTE TO THE PRESIDENTS OF THE BANKS. Nashv LE, Nov. 26, 1860. To them Presidents of the Bank of Tennessee, Planters' and Uni a Banks: GENTLEMEN:-Herewith please f d a letter addressed to W.A. Quart 3, Esq., Supervisor of Banks, signed by a number of merchants and citizens. together with his answer to the same. This correspordence in reference to a suspension of specie payment by your respective Banks will speak for itself: We only ask your early attention to the same. and that consideration which the importance of the subject demands. Yours respectfully, GEO. W. CUNT NGHAM, T. ANDERSON, On behalf of Merchants and Citizens.


Article from Evening Star, November 27, 1860

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Article Text

Bank Suspensions. NASHVILLE, Nov. 26. - The " Planters', " "Union," and "State Bank," of Tenn., have suspended specie payment, at the request of the the community.


Article from The Daily Dispatch, November 27, 1860

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Banks Suspended. Nashville, TENN., Nov.26.-The Planters', 1 nion and State Banks of Tennessee have suspended at the request of a committee. M. A late of the from ARTISTS' AND PAINTERS' SUPPLY


Article from Daily Intelligencer, November 27, 1860

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NASHVILLE, Nov. 26.-The Planters' and Union Banks of Tennessee suspended by request of the community.


Article from New-York Daily Tribune, November 27, 1860

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TENNESSEE. NASHVILLE, Tenn., Monday, Nov. 26, 1860. The Planters', Union, and State Banks, of Tennessee, have suspended, at the request of the community.


Article from Chicago Daily Tribune, November 28, 1860

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Article Text

Mr. Hamlin at Detroit. DETROIT, November 27.-Senator Hamlin arrived last evening from Chicago and leaves to-night for Cleveland en route for Washington. Suspension of Banks. NASHVILLE. Nov. 26.-Planters, Union and State Banks, Tennessec,suspended by request of the community.