2403. Bank of Darien (Darien, GA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
December 22, 1841
Location
Darien, Georgia (31.370, -81.434)

Metadata

Model
gpt-5-mini
Short Digest
ebfceba9adfdf575

Response Measures

None

Description

Article (New-York Tribune, 1841-12-22) states the Legislature prescribes the mode of winding up the broken Bank of Darien, indicating the bank was closed/being wound up by legislative action. No run or depositor panic is mentioned in the available text. I infer government action leading to permanent closure/receivership. Bank type set to 'state' since this is an 1841 Georgia chartered bank (name lacks 'National' and predates national banks).

Events (2)

1. December 22, 1841 Receivership
Newspaper Excerpt
Another prescribes the mode of winding up the broken Bank of Darien.
Source
newspapers
2. December 22, 1841 Suspension
Cause
Government Action
Cause Details
Georgia Legislature passed an act prescribing the mode of winding up the broken Bank of Darien (legislative action led to closure).
Newspaper Excerpt
Another prescribes the mode of winding up the broken Bank of Darien.
Source
newspapers

Newspaper Articles (2)

Article from New-York Tribune, December 22, 1841

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Article Text

GEORGIA. The Legislature of Georgia has adjourned, after a very short session, during which one hundred and thirty-three Acts were passed. One of these reduces the compensation of all State Officers twenty per cent. and the State Tax in like proportion. Another suspends operations on the Western division of the Atlantic and Western Railroad. Three others are devoted to tinkering the General Banking Law, the Suspension Act, and the act forbidding shinplaster issues. Another authorizes the pet (suspended) Central Bank to issue $300,000 in notes of one or two dollars. Another prescribes the mode of winding up the broken Bank of Darien.


Article from The Atlanta Constitution, May 9, 1893

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Article Text

DURKS Tuneu prior to 1060? many were number there?' from 1836 "No. How the then"I can remember If there were them. any before But during four to 1836-I 1860. do not recall years there were the Bank but of those twenty four in Georgia bank at Columbank failures Manufacturers' at Dalton and Darien, the of Ringgold That ought bus, the Monroe Bank Railroad bank. "wild cat banks the settle old this talk about is wild cat talk. in to Georgia- Under --for that the General Law. real unlizeds9S: "How would would plan for the organiza"How of such would state you banks general law we under now tion We should could have be hartered, institutions as of which they other fiduciary put the banks under charter equal import portance, regulation, and reports, that would inspections guartheir a and system other of protective safety and rules solvency to the genjudgment, eral antee public. the creditors, in the your event of as failure, they be "Could as well protected, now are in under the national so could banking law I think. The state take charge, stop by establish "Better the system of as the to assets and giving her proper officers, litigation over from them. being fritall scrambling to save all money in fees for attorneys and tered time away, absorbed and give protection The national and receivership creditors alike bill holders; be payment law to all only protects pot the luck as could the that banking and all others realized. must take I am sure here we in Georfinancial brains assets get a better may system to talk than of all the the heads of and his their gia. It in is the silly country being erowo in Their own brains purthem and poses the better schemes, are John busy Sherman with the finances sooner we for get it rid will of be for think go and the people their We of Have the country. Ample there Assets. are free into as "But do you in Georgia needed ready to volume of banking sets enough to give us the than ample the purpose. local know currency there are more The bank is government free assets under for the general idea that is, government upon the based system on the the wrong integrity of the banks is the sole idea The of basis of a United the State govitself. bond, but sued upon, becaus governing cannot be rument is a comment bond States govern security beneath the United Hence, the only honor of the is party the eignty. is the pure It charge the with the system of the government the bonds of hand, of same, in practically Georgia. But, on in the part, other here in 1 state suppose the bond basis of were, the city best of Atlanta- securities for this city a is one of the city upon it rail of contend that you can sue the and shingle in it. possible, every house, store, for the payment long as the and the city is valuable bound security so as in the debt case That stands, is a and especially cannot run property a city Atlanta where you of the taxable sugges of 7 per cent you that beyond I only showing give that there in the are valuation. tion as a pointer collectable assets in every plenty of for live, all banking needs of the proper people country, if the intelligence formula a locality, together and bonds are as good. home, could get Our home on here at mone in think, bill. to issue borrow money other people's Europe. Be of as they New are York, to Boston them and would and make we sides, on such a use for our securities Wall street and heavy have a, home would market not be dependent financial on balance always against us. Free Coinage. of sil "What do He think Favors about the Silver free coinage has been "I am in from the mankind have ver money metal of favor the dealings of it. of patriarchal measure of times exA most Christ and been in that metal Judas as did not pay sell was 11 changes pieces Even of gold-his rid of the idea that the for thirty We must get determine commercia silver. values must gold and power silver alte and money values It is betw the purchasing consequence of either The constitution circulating gether. value determine per their States relations. recognizes as gold under that must of the United coinage money metals free silver their and purchasing power detroine their ra cond and itions should a alone great and silver independent proof coinage in We are a gold own country tio like this. but if we permit money value ducing nation, to defer mine the shall always be ntries product we as a sec ing our silver them and rank power financial of serfs to dependent financial vast and a count of our the ond Such rate a position and 70.000,000 for of people is political absurdity Deluge of the Possible age coinof No silver not fear, then, that with free the silver the cause You silver do would flood us us to be at of age of the world the gold and standard of countries that argument mercy The glaring absurdity rememb uber that we earth proapparent when of we the silver of the monis 40 per cent silver is her silver of ey, a into duce Europe's only 11.34 more grains by and that and that we dollar put than that hence required Europe 100 at money our silver the European standard, circulati at free home mint at less cents silver would recoin The in world annual but 80 product much than 77 cents. $100,000.000, to leave less gold is about and dentistry available as for used of in the arts than $20,000,000 The world's the probably world's supply of silver of money is about of 121 the 000.000 earth annual supply with a billion people it fact that if we ounces, use it It is alone the en- of anxious absorb to in this of country the silver mines with tire should annual product would require ten increase years, our the world it population, to of France the strongest increasing $80. the equal the globe statistics. our per capital to financial country Listen on to them. 160.809, have here some entire population standar CounOf the have world's the single population gold of 831 750,000 coun000 tries having a silver standard, of 244.222.000 and have the having single a standard population of gold and silver five tries the double one billion, seventy of the have This shows that hundred odd thousand the single million, nine popular have either or the double world's standard of money silver. In the face able of silver of gold and enemies of silver is standard figures are the assertions that gold is an these maintain their erce? asser When there metal. commercial the unlimited to money use of of silver value as becomes a money its coin bi "Then, it as stood basis then value its of necessity you stand for the before full and silver free was of bimetallic degraded? favor of the broader in basis the conam in as defined and fixed The democratic not party afraid metallism stitution is pledged of the country to it. she and will if smell she does brinjer enact in the it. next I am appeal Chicago to the Platform. people." something The have said the "Just there, democratic since you platform, what do about