20999. Shelbyville Savings Bank (Shelbyville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 9, 1885
Location
Shelbyville, Tennessee (35.483, -86.460)

Metadata

Model
gpt-5-mini
Short Digest
ff329ad5

Response Measures

None

Description

Newspapers from Sept 1885 report the Shelbyville Savings Bank suspended and made an assignment (assignment indicates insolvency/receivership). Although an October 1885 item said it will probably resume, subsequent balance sheet notices in 1886 and 1887 continue to list the bank as suspended with small or frozen balances, indicating it did not return to normal operations. No article describes a depositor run; the events are insolvency/suspension leading to assignment/receivership.

Events (6)

1. September 9, 1885 Other
Newspaper Excerpt
The Shelbyville, Tenn, Savings bank has made an assignment.
Source
newspapers
2. September 11, 1885 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank made an assignment and suspended operations — indicates insolvency or inability to meet liabilities.
Newspaper Excerpt
THE Shelbyville (Tenn.) savings bank has suspended.
Source
newspapers
3. September 16, 1885 Receivership
Newspaper Excerpt
The Shelbyville, Tenn., Savings bank has made an assignment.
Source
newspapers
4. October 24, 1885 Other
Newspaper Excerpt
THE Shelbyville Savings Bank, which suspended some weeks ago, will probably resume business again at an early day.
Source
newspapers
5. April 1, 1886 Other
Newspaper Excerpt
The amount in Shelbyville Savings Bank, $3,265.86, not subject to check, bank having suspended.
Source
newspapers
6. July 1, 1887 Other
Newspaper Excerpt
The amount in the Shelbyville Savings Bank is not subject to check, the bank having suspended.
Source
newspapers

Newspaper Articles (14)

Article from The Clarion, September 9, 1885

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Article Text

Business Trouples. Bristol & McArthur, printers and binders, of St. Paul, Minn., have assigned. The Current Publishing company, of Chi cago, made an assignment to A. E. Davis. Charles F. Reese, a prominent farmer of Blanchard, Hancock county. 0., has assigned on account of failure of crops. Thomas & Benham, produce dealers, of New York, failed. Liabilities light. The Shelbyville, Tenn, Savings bank has made an assignment.


Article from The Middlebury Register and Addison County Journal, September 11, 1885

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Article Text

South and West. LATER estimates put the losses by the recent tornado in Charleston, S. C., at $2,000,000. THE schooner Gustie Wilson foundered in a gale off Hatteras. The crew took to their boat, which was swamped by the storm, and three perished. The survivors were rescued by a passing vessel. JUDGE FORAKER, the Republican candidate for governor of Ohio, delivered at Portsmouth his opening speech of the campaign. FOUR masked men boarded a train at Blue Spring, Mo., with revolvers drawn, robbed the passengers of one car and then fled. A PARTY of nine working girls and two men crossing Fox river at Oshkosh, Wis., used a boat to cover the short draw in the bridge. They became frightened and upset the boat. Six persons-four girls and two men-were drowned. A Rock SPRINGS (Wyoming) dispatch says the white miners in the Union Pacific railroad company's coal pits with pistols and guns drove all the Chinese, to the number of 500, from the camp into the mountains. Twenty-five houses in Chinatown were burned to the ground. Troops were sent for. The mine is the largest in the West. THE cornerstone of the new Georgia capitol was laid at Atlanta with imposing ceremonies. Governor McDaniel, on behalf of the capitol commissioners, presented the building to the legislature. General A. R. Lawton, of Savannah, made the oration of the day. AN armed crowd broke into the Lafayette county (Ark.) jail and hanged George Crenshaw, a negro, who had murdered Harry Paup, a white man, in a cottonfield. WILLIAM M. GWIN, twice United States Senator from California, died a few days since at a New York hotel. His remains were embalmed and sent to San Francisco for burial. He was born in Tennessee in 1805; was once General Andrew Jackson's private secretary; waselected Congressman at-large from Mississippi in 1841, and a few years later went to California. A FIRE at Cincinnati destroyed a railroad freightdepot and warehouse in which an immense amount of grain was stored. The total loss exceeded $225,000. DISEASE is carrying of many hogs and cattle in Illinois. THE Shelbyville (Tenn.) savings bank has suspended. Two men were killed and three fatally injured by the explosion of a boiler attached to a mill near Knoxville, Tenn.


Article from Savannah Morning News, September 14, 1885

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Article Text

About 83 per cent. were those of small traders whose capital was less than $5,000. In the principal trades they were as follows: Grocers 30, general stores 20, liquors 19, shoes 13, dry goods 9. manufacturers 9, books, stationery, etc., 8. hardware and implements 8, clothing 7, hotels and restaurants 7, drugs 6, lumber, etc., 6, tobacco and cigars 5, fancy goods 5. bakers and confectioners 4, carria. es 4, hats 4, jewelry 4, millinery 4, furniture 3, grain and millers 3. Among those reported embarrassed were Seth B. Robinson & Co., wholesale buttons, and R. W. Carman & Co., wholesale flowers and feathers, New York; Oscar F. Hawley, packingbox manufacturer, New York and Brooklyn; Sterling Paper Bag Manufacturing Company and William S. Stewart, commission dry goods, Philadelphia; Shelbyville Savings Bank and Moorman & Co., millers, Shelbyville, Tenn.: J. M. Ivy & Co., banking. and Ivy and Fewell, general store, Rock Hill, S. C.; Russell Harvesting Machine Company, Polo, 111. GEORGIA. Rome.-Lamar & Cutts, grocers, offer 50c. SOUTH CAROLINA. Rock Hill.-J. M. Ivy (& Co.), banker and cotton factor, assigned. Mr. Ivy has been in business many vears, and was a large landowner. Ivy & Fewell, general store, assigned. Mr. Ivy was also in the banking business alone.


Article from The Clarion, September 16, 1885

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Article Text

Business Troubles. Thomas & Benham, produce dealers, of New York, failed. Liabilities light. The Shelbyville, Tenn., Savings bank has made an assignment. J. M. Ivy & Co., Rock Hill. S. C., have failed, with $200,000 liabilities. A receiver has been appointed for the firm of Werner Brothers, wall paper and carpet dealers, of Canton, O. The trouble is failure to agree. Martin Kunkle, a well-known farmer near Mt. Vernon, O., has assigned, with $9,000 greater than assets.


Article from Memphis Daily Appeal, October 10, 1885

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Article Text

Of this amount the Mechanics Bank of $ 21.141 41 Knoxville is now in suit 3,265 86 Shelbyville Savings Bank suspended Leaving a balance in bank available $198,423 7 76 and subject to check This is to certify that I have compared the above statement of the receipts and disbursements in the Treasurer's office for the quarter be sinning July 1, 1885, and ending October 1, 1885; with the accounts in my own office, as Comptroller, and I find the sa the to be correct. I have also examined the statem nts rendered by the different banks, State depositories, and find their respective statements to agree with the amounts as set forth in the appended schedule, I have also made actual count of all the cash on hand in the Treasurer's office, and I find the am unt to be as reported in the above, and that said report is in every respect correct. P.P. PICKARD, Comptroller. EXECUTIVE OFFICE, NASHVILLE, TENN October 1, 1885-The foregoing statement of all the moneys now in the Treasury of the State of Tennessee, and such as have been received therein and been disbursed therefrom for the period set forth in said report, it being from July 1, 1885, to October 1, 1885, made by Jas. W. Thomas, Treasurer, and certified by P. P. Pickard, Comptroller, in conformity to requirements of the Legislative Act, passed March 22, 1883, has been examined by me and found correct; and the same is hereby certified and ordered published. WM. B. BATE, Governor. October 1. 1885.


Article from Southern Standard, October 24, 1885

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Article Text

THE Shelbyville Savings Bank, which suspended some weeks ago, will probably resume business again at an early day.


Article from The Memphis Appeal, April 23, 1886

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Article Text

"Of the above the amount in the Mechanics Bank of Knoxville, $21 141 41, is in suit. The amount in Shelbyville Savings Bank, $3,265 86, not subject to check, ank having suspended, thus leaving balance in banks, available and subject to check, $134,823 47. This is to certify that I have compared the above statement of the receipts and disbursements of the Treasurer's office for the quarter beginning January 1, 1886, and ending Aprill, 1886, with the accounts in my own office as Comptroller, and find the ame to be correct. 1 have also examined the statements rendered by the diferent depositor es of the State, and find their res: ective statements to a ree wi h the amounts as set forth in the appended sche no. 1 have also made actual count of all cash on hand in the Treasurer's office. and find the amounts to be BB reported in the above and that said report is in every respect correct. P.P. PICKARD, April 1, 1886. Comptroller. EXECUTIVE OFFICE, NASEV LLE, April 1, 1886. he forego ng statementof all money a now in the Treasury of the State of Tennessee. and such as have been received therein and been disbursed therefrom for the je iod set forth in said report, it being from January 1, 1886. to A, ril 1, 1886, made by John W. Thomas, Treasurer, and certified by P. P. Pickard, Comptroller, in conformity to requirements of the Legislative act passed March 22. 1883, has been examined by me and found correct: and the same is hereby certified and ordered publish ed. WM. B. BATE. Governor.


Article from The Memphis Appeal, April 24, 1886

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Article Text

Of the above the amount in the Mechanics Bank of Knoxville, $21,141 41, is in suit. The amount in Shelbyville Savings Bank, $3,265 86, not subject to check, tank having suspended, thus leaving balance in banks. available and subject to check, 8134,828 47.


Article from The Memphis Appeal, April 27, 1886

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Article Text

$150,280 4 *Of the above the amount in the Mechanics Bank of Knoxville, $21.141 41, is in suit. The amount in Shelbyville Savings Bank, $3,265 86, not subject to check, bank having suspended, thus leaving balance in banks, available and subject to check, $134,823 47.


Article from The Memphis Appeal, April 28, 1886

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Article Text

$150,280 4 "Of the above the amount in the Mechanics Bank of Knoxville, $21.141 41, is in suit. The amount in Shelbyville Savings Bank, $3,265 86, not subject to check, tank having suspended, thus leaving balance in banks, available and subject to check, $134,823 47. This is to certify that I have compared the above statement of the receipts and disbursements of the Treasurer's office for the quarter beginning January 1, 1886, and ending April 1, 1886, with the accounts in my own office as Comptroller, and find the same to be correct. 1 have also examined the statements rendered by the different depositories of the State, and find their respective statements to agree with the amounts as set forth in the appended sche ule. I have also made actual count of all cash on hand in the Treasurer's office. and find the amounts to be as reported in the above and that said report is in every respect correct. P. P. PICKARD, April 1, 1886. Comptroller. EXECUTIVE OFFICE, NASHVILLE, April 1, 1886.-The foregoing statement of all moneys now in the Treasury of the State of Tennessee, and such as have been received therein and been disbursed therefrom for the period set forth in said report, it being from January 1, 1886. to April 1, 1886, made by John W. Thomas, Treasurer, and certified by P. P. Pickard, Comptroller, in conformity to requirements of the Legislative act passed March 22, 1883, has been examined by me and found correct: and the same is hereby certified and ordered published. WM. B. BATE. Governor.


Article from The Memphis Appeal, July 13, 1886

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Article Text

SCHEDULE No. 1, SHOWING BALANCES IN BANK JULY 1, 1886. 99,166 14 First National of Nashville 49,188 42 Commercial Nat'l of Nashville 3,265 8 Shelbyville Savings Bank $151,620 42 Total The amount in Shelbyville Savings Bank, $3,265.86 is not subject to check, bank suspended. leaving balance in bank available and subject to check. $ . The balances in all other depositories have been, within the last few days. transferred to Nashville depositories in order to meet July interest, which. by acts of 1883, is payable at Nashville, July 1st.


Article from The Memphis Appeal, July 16, 1886

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Article Text

Total $151,620 42 The amount in Shelbyville Savings Bank, $3,265 86, is not subject to check, bank suspended, leaving balance in bank available The balances and subject to check, $ . in all other depositories have been, within the last few days, transferred to Nashville depositories in order to meet Buly interest, which. by nots of 1883, is payable at Nashville, July 1st.


Article from The Memphis Appeal, August 6, 1887

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Article Text

Balance in Treasury $110,757 61 July 1. 1887 The above balance consists of the following: Cash in Banks, as per $104,993.01 schedule 5,764 60-$110,757 61 Cash on hand Schedule showing balances in Banks July 1,1.67: First National Bank. 8 5,579 93 Nashville Fourth National Bank, 49,984 48 Nashville Commercial National 23,884.56 Bank, Nashville. Nashville Savings 25,000 00 Bank. Nashville Sheibyville Savings 544 05-8104,993 01 Bank The amount in the Shelbyville Savings Bank is not subject to check, the bank having suspended.


Article from The Memphis Appeal, August 7, 1887

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Article Text

*The amount in the Shelbyville Savings Bank is not subject to check, the bank having suspended.