2479. City Bank (Macon, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 14, 1877
Location
Macon, Georgia (32.841, -83.632)

Metadata

Model
gpt-5-mini
Short Digest
bb810afdfb4e3512

Response Measures

None

Description

Multiple contemporary newspapers (May 1877) report the City Bank of Macon, GA closed its doors, suspended and made an assignment for the benefit of creditors and went into liquidation. No article mentions a depositor run; the bank appears to have suspended and been liquidated/assigned, so classify as suspension leading to closure. Dates taken from the publications (May 14, 1877).

Events (3)
1. May 14, 1877 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed doors and made an assignment for the benefit of creditors; subsequently reported as going into liquidation.
Newspaper Excerpt
The City Bank, of Macon, closed its doors to-day and made an assignment for the benefit of its creditors.
Source
newspapers
2. May 15, 1877 Other
Newspaper Excerpt
The city bank of Macon, Ga., suspended yesterday and made an assignment.
Source
newspapers
3. May 24, 1877 Other
Newspaper Excerpt
The City Bank of Macon, Ga., has gone into liquidation.
Source
newspapers

Newspaper Articles (5)
1. May 15, 1877 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, May 15, 1877

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Article Text

Electric Flashes. Thomas Crapo of New Bedford, Mass., and wife will start May 25 to cross the Atlantic in a boat thirteen feet long, expecting to reach London in forty days. Capt. Andrew Wilson, the oldest exmember of the New York legislature, died at Newburgh, aged 88. He was a veteran of the war of 1812. The grangers in the South Carolina legislature want to repudiate the state debt or postpone "payment. Hampton insists on payment. At the city election of Morristown, N. J., the chief issue being license versus no license, the temperance ticket was defeated. The break in the Champlain canal is repaired. Seventy-five boats from the south are expected to-day. Judge Chisolm, who was wounded in the Kemper, Miss., affray died last evening. Judge Emmons of ths circuit United States court died at Detroit yesterday. The passengers of the wrecked steamship Dakota have sailed in the Wisconsin. The city bank of Macon, Ga., suspended yesterday and made an assignment. Ex-President Grant held a reception in Independence hall yesterday.

2. May 15, 1877 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 15, 1877

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Article Text

Georgia. BANK SUSPENSION. MACON, GA.. May 14.-The City Bank, of Macon, closed its doors to-day and made an assignment for the benefit of its creditors. A statement will be published to-morrow.

3. May 19, 1877 The Donaldsonville Chief Donaldsonville, Gonzales, LA
Article from The Donaldsonville Chief, May 19, 1877

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Article Text

NUMBER 37. Weekly News Summary. Domestic. City Bank of Macon suspended. Commodore Benjamin J. Potter is dead, aged 71. Five men were injured by a falling brick wall at St. Louis. A fire at Brooklyn destroyed property valued at $400,000. Albert Steinway, junior partner of Stein way & Sons, is dead. A receiver has been appointed for the Petersburg railroad, Virginia. Rev. Dr. Moore of Charleston has been consecrated Bishop of St. Augustine. The Atlantic Mutual Life Insurance Company of Albany, N. Y., is bankrupt. Rain and cold weather have greatly damaged corn and cotton in Mississippi. Theannual Southern Baptist Church convention met in New Orleans on the 10th. American brig C.C Bearce wrecked at sea; the captain and three seamen were drowned. Paymaster Frank C. Cosby has been promoted to naval pay inspector, vice Foster, deceased. Edward Price, a colored deckhand on the steamer Lizzie was drowned near Pass-a-l'outre. Brazil, Japan and the Portaguese colonies are about being admitted into the postal Union. Sir Edward Thornton, British minister, has left for London, with his family, on a furlough. John Brown, watchman on a barge lying at New Orleans. fell through a hatchway and was killed. Crane's paper mill, Dalton, Mass., burned. The watchman was fatally injured by a gas explosion. The President has appointed Rob. ert H., son of the late John J. Crittenden, marshal of Kentucky. A dozen persons were killed and fourteen wounded by the falling of the court-house at Rockford, Ills. T. M. Scott, Jr., who was shot three weeks ago at Ripley, Tenn., by Mayor Tarrant, is dead. The Mayor is on trial. A great explosion of gas occurred in the Wadesville mines, near St. Clair, Pa., killing seven miners and wounding six. Gov. Robinson of New York vetoed the bill allowing women to hold office on school boards. He says the bill goes too far or not far enough.

4. May 24, 1877 The Milan Exchange Milan, TN
Article from The Milan Exchange, May 24, 1877

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Article Text

TELEGRAPHIC NOTES. A special from Denison, Texas, 11th, says: Capt. Lee, commanding the post of Fort Griffin, Texas, with a party of 40 soldiers and 10 Tonkaway Indians, surprised a band of Comanches 150 miles west of the post of Griffin on the 4th inst., killed four and captured six squaws, 69 horses, 12 lodges and a quantity of supplies. On the 6th, he captured and burned three lodges and some supplies. Casualties, one negro sergeant killed. These Indians had been depredating on the buffalo hunters, running off their horses and otherwise harassing them. The success of this scout will be a wholesome lesson to marauders. Congress has declared Gen. Diaz legally elected President of Mexico, and he has been formally installed. Upon taking the oath of office he solemnly declared he would occupy the Executive chair for one term only. San Francisco harbor was visited by a succession of sharp earthquake waves on the 9th and 10th insts. The town of Iquique, Peru, was destroyed by an earthquake on Thursday, May 10. A Berlin telegram of the 12th says: The Emperor William has received the French Embassador and commissioned him to forward a message to President MacMahon expressive of the Emperor's good wishes for France. The amount of fresh beef exported from the United States to Europe during April was 8,641,461 pounds, valued at $821,431. The City Bank of Macon, Ga., has gone into liquidation. On the 1st of May Cuba became a part of the international postal union. The Postoffice at New Orleans has been made an exchange office for all mail matter passing between the United States and the island. The new tunnel of the Delaware, Lackawanna and Western Railroad, at Jersey City, N. J., was formally opened on the 12th. It is estimated by the Kansas State Board of Agriculture that there are at the present time 36,250,000 bushels of old corn still in store in the State. At Indianapolis, on the 14th, Gotlieb Meyer quarreled with Fred Borst, a butcher, about five cents' worth of meat for his dog. Borst attempted to put Meyer out of his shop, and was shot by the latter, from the effects of which he died on the following day. Col. Valentine Baker has been appointed Commander-in-Chief of the Turkish gendarmerie, with power to organize the police force throughout the Ottoman Provinces, and to place English officers in posts of direction, superintendence and inspection. At Pella, Iowa, on the 12th, Wm. MarI tin, aged 20, while carelessly handling a gun

5. June 30, 1931 The Macon News Macon, GA
Article from The Macon News, June 30, 1931

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Article Text

STOCK OWNERS WILL NAME OFFICERS An order signed by Judge H. Mathews in Bibb Superior court Tuesday authorizing sale the assets the closed Luther Williams Bank and Trust company. cleared the way for the opening Thursday of Macon's newest bankthe City Bank and Trust company Turner. president of the the hearing in which no entered. that meeting stockholders and board will be held Wednesday morning to complete the new organThe stockholders will meet 11 o'clock accept the bank's charter and adopt The directors the bank at Three Be Elected and R H be elected presidents of the new inGuyton Abney Mr Turner Both Mr and Mr King the depositors' comthe Williams bank and have instrumental the organization the new institution Mr Abney assistant cashier of Williams Officials the new bank had the day but was that the instiThursday July The sale Williams bank assets executed The order approving the sale of the assets for the signed by Judge noon petiHarry Strozier for while of Sparks represented the Bank Trust Election officers expected complete for named Mr Williams named and of the board To Pay Per Cent Mr Turner the will pay half per deposits Other the clearing pay per the the Macon Savings be opened the hours afternoon the day openper cent the entire deposits the Luther placed credit of