2476. Bank of Macon (Macon, GA)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Start Date
November 27, 1928
Location
Macon, Georgia (32.841, -83.632)

Metadata

Model
gpt-5-mini
Short Digest
f75753d2e9d8e746

Response Measures

None

Description

Article (Daily Press, 1928-11-27) reports a run/withdrawals that led the Bank of Macon to close/suspend and directors to undertake reorganization. A 1930 anecdote references a Macon bank ruined by a run, supporting that the suspension led to permanent failure. The record does not explicitly state a receivership or formal takeover, but available articles indicate the run precipitated suspension and likely closure.

Events (2)

1. November 27, 1928 Run
Cause Details
Heavy withdrawals / run prompted by unspecified causes (article does not attribute to rumor or specific adverse news).
Measures
Directors held special meeting and decided to close and take steps toward reorganization.
Newspaper Excerpt
MACON, GEORGIA, BANK SUSPENDS OPERATIONS ... after a run of withdrawals.
Source
newspapers
2. November 27, 1928 Suspension
Cause Details
Suspension of operations following heavy withdrawals/run; directors closed bank and began reorganization.
Newspaper Excerpt
MACON, GEORGIA, BANK SUSPENDS OPERATIONS ... president said the directors ... decided to close and reorganization of the bank.
Source
newspapers

Newspaper Articles (2)

Article from Daily Press, November 27, 1928

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Article Text

MACON, GEORGIA, BANK SUSPENDS OPERATIONS MACON, Nov. Bank of Macon, Fourth of the Georgia, its doors Central 11 after at of withdrawals. run president, said the had directors special to close the and decided reorganization of steps toward bank, which organized more than 20 years ago, of deposists of tal resources listed mately and at than Its more of the busiest stands which one of corners the cities in Georgia. largest


Article from The Greenville News, December 18, 1930

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Article Text

THE MORNING AFTER By Carl Weimer CONFERENCES WITHIN CONFERENCES Dixie Conference within the ranks of Formation of the the Southern Intercollegiate Athletic may be the means of the problem of what to do with large membership. The A. now has total of 36 members and few indeed can name list of the colleges that "belong." The Southern Conference 23 members finding that the territory covered is entirely too great there are those suggest following the example of the S. members, that to form conference within conference. SouthConference covers much more territory than does the A. although its membership is smaller. NORTHERN HALF DISSATISFIED Members the northern half of the conference have given their teams, albeen dissatisfied with the recognition though it is matter of fact that the Southern part always out the best aggregations, in football at any rate and that the "big" college sport. "break" has occurred and the probable reaHowever, no from the jurisdiction of that none wants to To withdraw would leave the team, such an organization. speak, "out in the cold." Therefore all are sticking and will be in numbers and not singly. when withdrawals occur it The real solution of the problem yet may lie in the formation of conference within a conference, such as the S. has done. FURMAN'S ONLY CHANCE Incidentally if conferences are formed "within conferences' may the means of Furman, Oglethorpe, Davidson and some other breaking into the Southern body. much for Furman, for inwould not be stance, There joining South Atlantic conference and also be admitted to the Southern organization. This is about the only way in which Furman, Davidson and Oglethorpe ever get into the circle for membership is as as getting into the social register. course, 'break should occur then that would leave the way open for the formation of a new athletic body. STRIBLING AND SHARKEY The old for the next opponent Max Schmeling has started up. Jacobs, the German's manager, asserts the "logical contender.' That seems that meet only to indicate that Sharkey and Stribling will be asked to fight in Miami spring. Stribling has eliminated many prospects that he should get some kind of crown for being the "official elimminator.' his asserts that he will do no more but sufficient money offered it's very likethe Macon battler will be in the ring against the and Boston Stribbut it is the cash that counts Sailor. Titles are fine ling will overlook no bet to swell the already well filled Stribling money box. If he does it will be the first time. CHARLEY MOORE AND BANK NEWS Jimmy Jones, keeps the Macon fans informed of all the world of sports, tells this one on Charley that's doing in of the Peaches: "And manager while on the subject of Mr. Moore, let us announce bankbenefit concerned that he wants no more for the of all ing advice. The day before Louisville bank went boom and cost Charley about two grand in savings, friend of Charley's came to him and advised him to draw his money out, hinting about "run on the bank." something 'Nonsense,' said Charley, saw good bank ruined in Macon once because the people got excited and drew their money out. I'm not going to do anything like that. "The next morning, Charley picked up morning paper while lying in bed. There, on the front page, was a story telling of the bank's crash. "Charley jumped out of bed and in moment of recklessness, almost jumped out of the window in his pajamas. "That's the worst news ever read.' he said, 'all that had saved out of two baseball seasons blown away just like that'.' FELIX AND BUD SMILING Felix Hayman and Bud Moore, up in Charlotte, already their Christmas smiles on. Harry Griffin, of the Charlotte has noticed them makes no "bones" tickled about Felix and Bud, seems, are putting it into print. season for their baseball prospects for the coming the over Hornets. Trades and deals have been pulled whereby the the have splendid chance of copping owners feel they interesting in that it is All of which especially pennant. under the able ownerBees will run once more proof ship of Felix and Bud.