20969. Union Bank (Nashville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 24, 1873
Location
Nashville, Tennessee (36.166, -86.784)

Metadata

Model
gpt-5-mini
Short Digest
54213b3c

Response Measures

None

Description

Articles (May–June 1873) notify holders of outstanding circulating notes to file them with the Chancery Court clerk or receiver of the bank for payment, indicating the bank is in receivership and effectively closed. No run is mentioned.

Events (2)

1. May 24, 1873 Receivership
Newspaper Excerpt
The holders of outstanding circulating notes of the Union Bank are notified to file them with the Chancery Court Clerk or receiver of the bank, for payment on or before October 6, otherwise they will be precluded from participating in the dividends to be derived from the funds of the bank
Source
newspapers
2. May 24, 1873 Suspension
Cause
Government Action
Cause Details
Bank placed under a receiver and payments arranged through Chancery Court clerk (closure by receiver).
Newspaper Excerpt
The holders of outstanding circulating notes of the Union Bank are notified to file them with the Chancery Court Clerk or receiver of the bank, for payment on or before October 6
Source
newspapers

Newspaper Articles (2)

Article from Whig and Tribune, May 24, 1873

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Article Text

A WORD FOR THE WIFE.-There is much good sense and truth in the remark of a modern author that no man ever prospered in the world without the co-operation of his wife. she unites with him in endeavor, or reward his labor with an endearing smile, with what confidence will he resort to his merchandise or his farm, fly over lands, sail over seas, meet difficulty or encounter danger! He then knows that heis not spending his strength in vain, but that his labor will be rewarded by the sweets of home. Solitude and disappointment enter the history ofevery man's life, and he is but half provided for his voyage who finds but an associate for his happy hours, while for his months of darkness no sympathizing partner is prepared. The Nashville Banner says: The holders of outstanding circulating notes of the Union Bank are notified to file them with the Chancery Court Clerk or reciever of the bank, for payment OR or before October 6, otherwis they will be precluded from participating in the dividends to be derived from the funds of the bank.


Article from The Home Journal, June 5, 1873

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Article Text

The Nashville Banner says : The holders ofoutstanding circulating notes of the Union Bank are notified to file them with the Chancery Court Clerk or receiver of the bank, for payment on or before October 6, otherwise they will be precluded from participating in the dividends to be derived from the funds of the bank.