2389. Lake City Bank (Lake City, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1893*
Location
Lake City, Florida (30.190, -82.639)

Metadata

Model
gpt-5-mini
Short Digest
2b4d6bd4

Response Measures

None

Description

Newspaper items report the bank's property being sold by Receiver A. B. Hagen (Oct 9, 1893) and a court verdict in a receivership suit (Jan 26, 1894). No run or depositor agitation is described. The bank was in receivership and its assets were sold — consistent with a suspension followed by permanent closure/receivership.

Events (2)

1. October 1, 1893* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; assets offered for sale by the court-appointed receiver (A. B. Hagen).
Newspaper Excerpt
the lot and buildings, fixtures and furniture of the Lake City Bank, which was offered by Receiver A. B. Hagen, under decree from Judge White.
Source
newspapers
2. January 26, 1894 Receivership
Newspaper Excerpt
a verdict in favor of the plaintiff for $1,075 82 was rendered by the jury in the case of T. B. Merrill, receiver, vs. the Lake City Bank.
Source
newspapers

Newspaper Articles (2)

Article from The Morning News, October 9, 1893

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Article Text

arbor covering three-quarters of an acre. says It produced the past season between 800 and 1.(0) bushels of grapes, and that he pastured eighty head of hors for three weeks under the vines. and that they did finely. The board of pardons has. acted on the following cases: A. M. Nobles Escambia, adultery, tine-paid: pardoned and restored to citizenship. Joe Peacock. Walton. murder, sentenced to be hung: commuted to imprisonment for life. Henry Sheffield, Suwannee, selling liquor without license. fined $150 and costs: commuted to $50 and costs. Marcellus Oliver, Orange, rape: pardoned. The Cuban citizens of Tampa are making preparations for a grand and impressive demonstration next Tuesday in commemoration of the proclamation of the independent of the Island of Cuba by Carlos Manuel de Ces pedes, the leader-of the revolution of 1868. At sunrise the American and Cuban flags will be raised side by side on the poles on the Cuban opera house, and they will be saluted by twenty-one guns. Henry S. Fowler, white, of Washington county, was on trial before United States Commissioner Tunison at Pensacola Friday. Fowler was arrested on three charges-selling liquor without license, having an unregistered still in his possession and threatening the lives of Deputy United States Marshals Ball and Ward. United States District Attorney Summers represented the government. Fowler was required to furnish bail in the sum of $1.600 for his appearance at the next term of the United States court. Orange City Dispitch: A gentleman and la dy from Enterprise drove up at Orange City Monday and expressed their desire to transact a little business in which the services of a justice of the peace were necessary. They were conducted to the presence of H. P. Burrill. N. P., who immediately dispatched a runner to his residence to bring down the big document containing the sacred words that welds the bolts by Cupid thrust. When the book finally arrived Mr. Burrill invited the hymeneal seekers to his parlors over F. "C. Graham's store, taking that gentleman and Mr. J. E. Stillman along as witnesses, and in their presence the marriage contract was solemnized. The groom, Mr. J. J. Aydlott, was married to the same lady, Mrs. Betty Linder. about ten years ago, to whom were born three children. Intemperance caused the wife to seek and obtain a divorce and was afterwards married to a Mr. Linder. who in a like manner failed to please the lady, who "wished to be single again." Another divorce and the subsequent marriage to the first love was the legend of Monday's proceedings. Lake City Tobacco Plant: Monday was legal sales day, and though a good deal of property was advertised to sell on that date, but one or two of the sales took place, the others being continued or restrained. But among the property cried off was the lot and buildings. fixtures and furniture of the Lake City Bank, which was offered by Receiver A. B. Hagen. under decree from Judge White. There were several respectable bids for the lot and building, but it was finally knocked off to Mr. J. D. Callaway for $1,250. This was a good sale and at the same time a bargain. and it makes Mr. Callaway the owner of one of the best improved and most desirable complete business squares in the city, lesides his other properties. Col. Blackwell of Live Oak bought the counters, railings and gates for $76. which looks as if he contemplates starting a bank. Mr. A. J. Henry bought in the great iron safe. for the county, at $400. It is a bargain and the county needs it The other odds and ends were bid in by various parties and all sold well. considering the nature of the sale and the stringency of the times. The sale yielded a total of about $1,800. in round figures.


Article from The Morning News, January 26, 1894

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Article Text

FLORIDA Will Wallace Harney, the poet, lives in uiet and peace at Orlando with his wife. E. H. Jonet is setting out an eight acre grove of oranges, lemons and grape fruit at Lake Weir. H. McKee reports the sales of phosphate of the Belleview mines larger than ever before at this season of the year. Wm. Carnegie's stable. at Stafford, on Cumberland Island. was destroved by fire Saturday night. Seven horses were burned to death, among them a blooded stallion valued at $5,000. In the United States court at Jacksonville Wednesday morning a verdiet in favor of the plaintiff for $1,075 82 was rendered by the jury in the case of T. B. Merrill, receiver, vs. the Lake City Bank. A fisherman for V. B. Mellvaine, of Tampa, brought in a mullet Wednesday that weighed ten and a quarter pounds. None of the fishermen have ever seen a mullet so large before. The average mullet weighs only two to two and a half pounds. On and after Monday, the 29th inst., all passengers for Palm Beach, over the East Coast line, will be transferred from its boats at Jupiter to its line now completed from Jupiter to Palm Beach The transfer of freight was ommenced on the 22d inst. The 3-year-old son of Peter McCall. of Old Town, a suburb of Fernandina, who was left alone in the house. Monday, with a baby ten months old, got hold of its father's musket, and by some means the gun was discharged, the load tearing one of the baby's feet to pieces. One of the tramps now doing duty on the streets of Orlando in working out his ten days' sentence imposed by the mayor, Wednesday morning gathered a stock of tobacco to smoke by clearing the Orange avenue gutter in front of the San Juan hotel, of the cigar stumps thrown down by the hotel guests and passers-by. An unknown white man, who was under the influence of liquor, walked overboard at Jacksonville Wednesday night, about 8:20 o'clock. at the foot of Laura street. He was fished out by Purser Ackerman and the watchman, and calmly started for his boarding house after refusing to give his name. A white man named Davis walked overboard at the same place Tuesday night, and was rescued by the same parties. G. M. Wing, of Chicago, has bought two groups of cypress timber that amount to over 3,000 acres. One tract of 450 acres was-bought from the Consumers' Street Railway Company, and is located on the Hillsborough river. the other is on the Little Hillsborough. Mr. Wing is a lumber man of large experience and in the near future will engage in a manufacturing business that will be of interest to Tampa. Congressman Cooper. of the Jacksonville district, some time back introduced a bill changing the boundaries of the judicial districts of Florida. A few nights ago the Jacksenville Central Labor Unit met and adopted resolutions protesting against the proposed change. Wednesday Senator Hoar, of Massachusetts. introduced in the Senate a resolution adopted by the Central Labor Unit of Jacksonville, protesting against the passage of the bill to change the boundaries of the judicial districts of Florida. Bartow Informant: A few days ago a good phosphate deal was cons immated by the sale of 240 acres of land by the American Mining Company to Maj. McLean and Mr. Howe. a brother in-law of C. G. Memminger. The price paid was $50 an acre. and the land lies to the west of Bartow in the great phosphate belt. Maj. McLean is well known hrough South Florida as a very successful railroad contractor. Mr. Howe is from Charleston. S. C., originally, but for several years he has been a civil engineer for the Savannah, Florida and Western people. These gentlemen will proceed at once to the erection of a plant and begin to mine phosphate at the earliest possible date.