20951. Planters Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 23, 1870
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
07659ccf

Response Measures

None

Description

Multiple notices (Jan–Feb 1870) state that, per Chancellor East's decision, D. Weaver, Trustee and Receiver, will redeem Planters' Bank notes. This indicates the bank was in the hands of a receiver (suspension/closure) following a court decision. No newspaper text describes a depositor run; therefore categorized as suspension leading to closure/receivership.

Events (2)

1. January 23, 1870 Receivership
Newspaper Excerpt
D. WEAVER, Trustee and Receiver. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.
Source
newspapers
2. January 23, 1870 Suspension
Cause
Government Action
Cause Details
Court decision of Chancellor East led to appointment of a trustee/receiver and redemption arrangement for the bank's notes.
Newspaper Excerpt
IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. D. WEAVER, Trustee and Receiver.
Source
newspapers

Newspaper Articles (10)

Article from Memphis Daily Appeal, December 5, 1869

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Article Text

STATE NEWS. The Commissioners' Court for Fayette will adjourn sine die after the session of next week. Mr. E. H. Shelton has been nominated by the people of Fayette county, represent them in the Constitutional Convention. The Nashville Banner of Friday says: " A very interesting suit against Planters' Bank is now in progress in Court. an assignment, with a the accordance Bank the Chancery made legislative The two Planters' and, years' enact- in ment, gave the required notice to its creditors and note-holders to file their claims or else be barred from their collection. The two years, in which the bank was required to give notice, expired January 1, 1869. The present complainants did not file their claims within the time specified. They now file them and allege that the act of limitation of two years is void." The Consular Agent, Peter Straub, Esq., has recently returned from Grundy county, whither he had gone to look after the interests of this people, and he informs us, says the Knoxville Whig, that he found them all and contented. a body of land, are happy very They own it rapidly. to divide it one and have dred proving wise enough large acre tracts, They into and it have beautiful- hun- been imoff. They are ly laid building about comfortable houses, and everything them gives evidence of thrift and prosperity. The most notable feature of their operations is that they are making ample preparations to go largely into the dairy business. They will make cheese altogether. The rumorso unfortunately put afloat that the titles to their lands were defective, is all false. There is not, and has not been any foundation whatever for any such reports. They have sound titles all the lands they have bought. Ir.Straub, while out there, purchased some five thousand acres more for the benefit of new comers, many of whom for next season. land to them at cost is now pending Nashville Banner says the Acause sold Looked prices. Mrs. in of Chancery, This Caroline Friday, brought by the heirs of E. McGavock, deceased, against Miss Miss Louisa A. Pugsley, which inthe entire estate of Dr. Charles deceased. In made a will, the second all the remainder which volves Pugsley, gives 1832, Pugsley, bequest Dr. of Pugs- to his be of estate in his wife, Eliza her enjoyed by her during and sell of the same, any she deem necessary used natural way and and life, might dispose authorizing daughters, for her in the to snpport of herself and tw: married Caroline E. (who afterward isa Dr. David T. McGavock), and Lou Pugsley; and if, at the death of his wife, any portion of his property remained, it was to be equally divided between the two daughters. Mrs. Pugsley took charge of the property claimed, managed and controlled it: and, in 1857, made a will, giving all of it to her daughter, Miss Louisa Pugsley. While George S. Yerger (another of Yerger's Reports) was Atand Reporter of Tenhe was consulted a stating had the power to torney-General nessee, Pugsley written opinion, and that dispose gave Mrs. of estate by will. Mr. on the contrary, gave an opposite to The bill is the ion Fogg, directly present filed Mr. for Francis Yerger's. the opin- will. con- B. struction of Dr. Pugsley's Judge E. H. East represents the heirs of Mrs. McGavock, and Wm. G. The Brien represents Miss Pugsley. cause will have to be tried by a speeial Judge, and will probably be heard next week. If Mr. Yerger's opinion is correct, Miss Pugsley gets all the property; if Mr. Fogg is correct, she gets half.


Article from Nashville Union and American, January 25, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.


Article from Nashville Union and American, February 2, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. D. WEAVER, Trustee and Receiver. jan23-d&sw2m


Article from Nashville Union and American, February 5, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. D. WEAVER, Trustee and Receiver. jan23-d&sw2m


Article from Nashville Union and American, February 8, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.


Article from Nashville Union and American, February 11, 1870

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Article Text

To Breeders of Fine Stock. THE DISTINGUISHED STALLIONS, VANDAL AND JACK MALONE, will be offered to the patronage of the breeding public the present season, at Belle Meade, six miles southwest of Nashville, season to commence now and end the 1st of July next. TERMS-$100 each, payable before the removal of the mares. In case of failure, mares to be returned to their respective horses, free of charge, the next season. The best care taken of mares sent to the horses. No liabilities for accidents and escapes. I wish to sell or farm out a highly formed THOROUGH-BRED STALLION. W. G. HARDING. Belle Meade, Feb. 6, 1870-3m Planters' Bank Notes. WITH THE LATE DECISION IN ACCORDANCE East, the notes of the Planters' Bank will be redeemed, on presentation. by the unD. WEAVER, dersigned. Trustee and Receiver. jan23-d&sw2m


Article from Nashville Union and American, February 15, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.


Article from Nashville Union and American, February 17, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.


Article from Nashville Union and American, February 22, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. D. WEAVER, Trustee and Receiver. jan23-d&sw2m


Article from Nashville Union and American, February 23, 1870

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Article Text

# Planters' Bank Notes. IN ACCORDANCE WITH THE LATE DECISION of Chancellor East, the notes of the Planters' Bank will be redeemed, on presentation, by the undersigned. jan23-d&sw2m D. WEAVER, Trustee and Receiver.