2364. Dime Savings Bank (Jacksonville, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 5, 1893
Location
Jacksonville, Florida (30.332, -81.656)

Metadata

Model
gpt-5-mini
Short Digest
310be648

Response Measures

None

Description

Newspaper reports (Sep 6, 1893) say the Dime Savings Bank closed its doors and the owner stated they were compelled to suspend because assets could not be realized quickly. A later article (Apr 9, 1894) describes a receivership action in circuit court and selection of a receiver, indicating the suspension led to permanent closure/receivership. No explicit run or depositor panic is described in these excerpts; cause appears to be insolvency/illiquidity (bank-specific adverse information).

Events (2)

1. September 5, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank could not realize assets quickly; money tight and insolvency/illiquidity forced suspension.
Newspaper Excerpt
The Dime Savings Bank closed its doors yesterday morning. The failure was not unexpected... we were compelled to suspend.
Source
newspapers
2. April 9, 1894 Receivership
Newspaper Excerpt
A list of names were submitted to Judge Call to select a receiver for the defunct Dime Savings Bank, of Jacksonville... Henry G. Aird, cashier of the State Bank of Florida ... was selected.
Source
newspapers

Newspaper Articles (2)

Article from The Florida Agriculturist, September 6, 1893

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Article Text

FLORIDIANA. Mr. O. J. H. Summers, of Jacksonville, has been appointed United States Attorney for the Northern District of Florida. J. M. Reynolds passed through Chipley the other day with 1,300 head of sheep. He was taking them to his ranch in Washington County. The first female engineerseen in Florida passed south Sunday over the Florida Southern. She had hold of the throttle and seemed to fill theposition as natural as a man. We failed to learn her name.Ocala Capitol. Harry D. Bonnetheau, of Jacksonville, the agent of the Land & Trust Company of Florida, sold 10,000 acres of land in Hamilton County, Fla., at $1.60 per acre for turpentine purposes to two gentlemen from Georgia. Seventy-five barrels of fish were shipped from this point and about thirtyfive from Port Tampa last night. The business is increasing every day, though the season is not considered open until September 1st.-Tampa Times. The Tampa soap factory's press and stamping machine were shipped from Buffalo, Tuesday, and will arrive there Saturday. The company now has nearly a thousand pounds of soap manufactured, waiting for the machines to put it in marketable shape. A Cuban cigar aler living on Angela street, near corner of Thomas, attempted suicide by hanging this morning. His wife heard him when he kicked the table from under him, and cried out for help. The occupants of the bakery across the street hurried over and cut the man down, before life was extinct, although his chances of recovery are none of the best.-Key West Equator-Democrat. The Times-Union of the 24th says: The Dime Savings Bank closed its doors yesterday morning. The failure was not unexpected, and the depositors are, as a rule, people who work orsmall earnings. Mr. E. I. Robinson, owner of the bank, made the following statement to a reporter: "Money was so tight that it was impossible to realize on assets as quickly as was necessary, and, as a consequence, we were compelled to suspend. As soon as we can we will begin making pro rata payments on deposits." Phosphate money is beginning to come in already since the supreme court gettled the question of law and now we trust the much talked of $100,000 will resolve itself into cold cash at an early day. There must be considerable money due the State from this source, but it is about as difficult for a State to collect as for individuals and the probabilities are that some of the compaties will be utterly unable to pay on demand -however, we shall soon find out.Floridian. Reports give it that the cotton cropof Florida will exceed that of last year by 25 per cent. Plants are now blooming and fruiting freely. This is encouraging to our people in the cotton belt. Of our OWD district we can say the orange crop never looked better at this season of the year. The corn crop now being harvested is of large yield and of excellent quality; many of our farmers are hauling it into town and selling to the merchants.-Ft.


Article from The Morning News, April 9, 1894

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Article Text

Samuel Scott, a negro, was found dead in the woods near Fort White a day or two ago. He is supposed to have died in a fit. Col. and Mrs. N. Stetson yet linger at DeLand. The colonel's health is much better than it was when he came to DeLand last fall. The state has of the Volusia people at Tavares as witnesses in the Packwood murder case. The defense has nearly as many. There are about 600 acres of the Stetson groves at DeLand irrigated. and the big pump and standpipe have been doing good work for several weeks past. The Pien To peach will be in the DeLand market within a few weeks. fine, luscious and sweet. There is a big crop of these peaches to be gathered In this county this year. A negro man named Spencer Davis was found dend at Pensacola Saturday morning in the house on South Baylen street kept by a negro woman known.as "Big Liza." Davis had been sick for a year or more with dropsy and lately had been confined to his bed. Thursday at Pensacola John Chucaraki had an operation performed by making an incision about three inches long in the left jaw, exposing the bone and several pieces of cancerous growth removed. The operation lasted one hour and thirty minutes. the patient being under the influence of choroform about one hour. DeLand-Record: It has been an unusually dry spring; however, vegetation has suffered but little so far. The gardens are furnishing abundant vegetables, the field crops are promising, and as to the prospect of another orange crop it was never better in the orange industry of the state. The trees are vigorous and the young fruit is sticking. Tampa Times: The fish market is steady and orders are reported increasing slightly, but not sufficient to atone for the exceptionally dull season. which the dealers say is unprecedented. 2 ue receipts of fish Thursday at the dock were very light. John Savarese and V. B. McIlvaine each shipped 8,000 fish last evening and the Tampa Fish and Ice Company shipped 3,000. DeLand Record: O. Dickens, dealer principally in fruits. vegetables and meats. corner Boulevard and Rich avenue. made an assignment last Wednesday morning, R. I. Kurtz, assignee. Mr. Dickens says he could have pulled through all right if he had been able to make collections. He paid out the last dollar he had, and made practically a full settlement with all local creditors before he was compelled to close up. The assets. including outstanding accounts due, are amply sufficient to meet all liabilities. In the circuit court chambers at Jacksonville Saturday a llst of names were submitted to Judge Call to select a receiver from for the defunct Dime Savings Bank, of Jacksonville, in the suit of W. D. Bloxham. as controller of the state of Florida, vs. the Dime Savings Bank et al. Henry G. Aird. cashier of the State Bank of Florida L'Engle's bank) was selected. The bill of complaint sets forth. among other things, that the bank closed its doors Nov. 1 last. and is insolvent, and since that time has paid nothing to creditors or depositors.