Article Text
Bank Assignment. JACKSONVILLE (Fla.), Aug. 14.-The bank of Leesburg, Yager Brothers pro. prietors, assigned to-day. Liabilities, $40,000; assets, $90,000. The withdrawal of deposits forced it to shut down.
2404. Bank of Leesburg (Leesburg, FL)
Bank Information
- Episode Type
- Run → Suspension → Reopening
- Bank Type
- private
- Start Date
- August 14, 1893
- Location
- Leesburg, Florida (28.811, -81.878)
Metadata
- Model
- gpt-5-mini
- Short Digest
71674590
Response Measures
Full suspension
Other: Assignment (bank assigned) noted in contemporaneous brief; later resumed operations and will pay depositors within eight months.
Description
Newspapers report withdrawals forced the bank to 'shut down' and 'assigned' on Aug 14, 1893; the same bank 'suspended Aug 14' and then 'resumed business' Nov 2, 1893, promising to pay depositors in full. Bank is explicitly described as a private bank in articles.
Events (3)
1.
August 14, 1893
Run
- Cause Details
- Heavy withdrawals of deposits (no specific trigger or rumor identified in articles).
- Measures
- Bank was forced to shut down and assigned (owner/proprietors Yager Bros. made an assignment).
- Newspaper Excerpt
- The withdrawal of deposits forced it to shut down.
- Source
- newspapers
2.
August 14, 1893
Suspension
- Cause Details
- Bank made an assignment and suspended operations after deposit withdrawals; articles describe it as 'assigned' and 'suspended' on Aug. 14.
- Newspaper Excerpt
- The Bank of Leesburg, Yager Brothers proprietors, assigned to-day.
- Source
- newspapers
3.
November 2, 1893
Reopening
- Newspaper Excerpt
- which suspended August 14th, resumed business this morning, and will pay depositors in full within eight months or sooner. It is a private bank operated under the general banking statute of Florida. (Nov. 2, 1893).
- Source
- newspapers
Newspaper Articles (4)
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Article Text
TELEGRAPHIC BREVITIES. Archbishop Satolli has gone to pay a visit to Archbishop Carrigan. Senator Butler of South Carolina has introduced a bill repealing the state bank tax. Fire at Pontiac, III., destroyed a brick public school valued at $30,000; insured for $16,760. The Vigilant won the run from Newport yesterday, beating the Jubillee and the Colonia two miles. In London yesterday, settlement passed off quietly. There is great scarcity of American railroad securities. The Republican senatorial caucus was postponed yesterday owing to the lateness of the Senate adjournment. W. H. C. Badger & company, furniture manufactures of Boston, have assigned. Liabilities, $100,000; assets about $125,000. The bank of Springfield, Mo., with a capital of $100,000 has failed. It is thought the bank will come out all right. John W. Mackay's condition has improved, and he probably will be able to leave the house in a few days. All danges is past. The anchor line steamer Karamania was allowed to proceed to union stores, Brooklyn, this afternoon to discharge her cargo. At Pottsville. Pa., the Hammond Colliery. breaker burned last night. Loss $150,000. Seven hundred men are thrown out of employment. A London telegram says the reports current in America that the queen has been stricken with paralysis is entirely without foundation. Senator Pfeffer of Kansas introduced a bill in the Senate for the issue of $300,000,000 fiat money exchangeable for government bonds at par. During a review of troops in Moabet barracks by Emperor William yesterday the wall of a building collapsed and seven people severely injured. At Milwaukee, another international bicycle meet began yesterday. Zimmerman won the half mile open in 1:13 3-5, and the mile international in 2:19 1-5. Sixteen hundred miners quit work in the mines of the Kansas & Texas company at Huntington today. Trouble is charged to agitation of the Kansas strikers. The Bank of Leesburg, Fla., Yager brothers, proprietors, has assigned. Liabilities $40,000, assets 90,000. The withdrawal of deposits forced it to shut down. A. R. Bach, a lumberman of Chicago, with yards and offices in South Chicago, has assigned to the Equitable Trust company. Assets, $511,000; liabilities, $250,000.
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Article Text
Telegraphic Brevities, FORT WAYNE, IND., Nov. 2.-A large saw mill just east of Dixon, Ohio, twenty miles east of this city, was destroyed by fire last night. The fire spread to the lumber piles extending one-eighth of a mile, and a conflagration followed; loss $200,000, PHILADELPHIA, PA Nov. 2.-The Doylestown express ran into the Germantown express on the Philadelphia and Reading railroad at Nicetown at about 9 o'clock this morning. One man was killed, and three injured. JACKSONVILLE, FLA., Nov. 2.-The Bank of Leesburg, Yager Bros. proprietors, which suspended August 14th, resumed business this morning, and will pay depositors in full within eight months or sooner. It is a private bank operated under the general banking statute of Florida.
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Article Text
LEESBURG'S BANK RESUMES. Creditors to be Paid Within Eight Months or Sooner. Jacksonville, Fla., Nov. 2.-The Bank of Leesburg. Yagar Bros., proprietors, which suspended on Aug. 14, resumed business this morning, and will pay depositors in full within eight months. or sooner. It is a private bank, operated under the general banking statute of Florida.