2483. First National Bank (Palatka, FL)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
3223
Charter Number
3223
Start Date
July 17, 1891
Location
Palatka, Florida (29.649, -81.638)

Metadata

Model
gpt-5-mini
Short Digest
008794d8

Response Measures

Borrowed from banks or large institutions, Full suspension, Books examined

Other: Receiver appointed and later bank doors reopened under receiver; temporary inability to obtain loans in New York mentioned as immediate liquidity problem.

Receivership Details

Depositor recovery rate
50.3%
Date receivership started
1891-08-07
Date receivership terminated
1900-10-01
OCC cause of failure
Fraud
Share of assets assessed as good
32.5%
Share of assets assessed as doubtful
44.3%
Share of assets assessed as worthless
23.2%

Description

Contemporary reports state a heavy run (begun about a week–10 days) forced suspension on July 17, 1891. Comptroller appointed a receiver (Timothy B. Merrill) Aug 7, 1891. By late August the doors were thrown open for the first time since suspension and the receiver was working to adjust affairs, indicating the bank resumed business after the suspension/receivership process.

Events (6)

1. July 15, 1884 Chartered
Source
historical_nic
2. July 17, 1891 Run
Cause
Local Banks
Cause Details
Run was due to the recent failure of the Lake City bank, which impaired confidence in Palatka (president W. J. Winegar involved).
Measures
None specified beyond attempts to obtain temporary loans in New York (which failed).
Newspaper Excerpt
The First National Bank of Palatka suspended payment to-day, owing to a heavy run.
Source
newspapers
3. July 17, 1891 Suspension
Cause
Local Banks
Cause Details
Suspension attributed to heavy run precipitated by the failure of the Lake City bank and inability to make temporary loans in New York.
Newspaper Excerpt
The First National Bank of Palatka suspended payment to-day, owing to a heavy run.
Source
newspapers
4. August 7, 1891 Receivership
Source
historical_nic
5. August 7, 1891 Receivership
Newspaper Excerpt
The comptroller of the currency today appointed Mr. Timothy B. Merrill receiver of the First National Bank of Palatka, Fla., now in charge of a national bank examiner. It is expected that Mr. Merrill will assume the duties of the receivership on or about the 15th instant.
Source
newspapers
6. August 29, 1891 Reopening
Newspaper Excerpt
The doors of the First National Bank of Palatka were thrown open Saturday morning for the first time since the suspension. The receiver has gone earnestly to work to adjust the affairs of the bank, and depositors will not have much longer to wait for statements of their accounts.
Source
newspapers

Newspaper Articles (22)

Article from The Record-Union, July 18, 1891

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Bank Suspension. PALATKA (Fla.), July 17.-The First National Bank of Palatka suspended payment to-day, owing to the heavy run. The liabilities are about $200,000, and the assets will undoubtedly reach that figure, but cannot be realized immediately.


Article from The Portland Daily Press, July 18, 1891

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GENERAL NEWS. The trouble among the Navajo Indians is reported at an end. The First National Bank of Palatka, Fla., has suspended payment owing to a neavy run and inability to make temporary loans in New York. Assistant Secretary Spaulding has directed the Chinamen arrested at El Paso, Texas, for unlawfully entering this country by way of Mexico, to be sent to San Francisco for deportation to China. Attorney General Miller says that persons coming to the United States in good faith for the sole purpose of working for foreign exhibitors at the world's fair are not subject co the contract labor laws of this country. It is thought that the building of the "link" line between Skowhegan and Norridgewock will have a detrimental effect on the Somerset road, as most up river people would prefer to travel West via Skowhegan and Waterville, rather than by Oakland. The Michigan of the Warren line on her last western trip brought 232 emmigrants to Boston, arriving Thursday. Of these, 28 were, in the judgment of the immigration commissioner, unfit for citizenship and liable to become a burden upon the community in which they settled; accordingly they were refused the opportunity to land, and unless something turns up will be returned to Europe. Eleven of the 28 were Rassian Jews.


Article from The Seattle Post-Intelligencer, July 18, 1891

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BUSINESS FAILURES. A Florida Bank Suspends-Printing Ink Manufacturers Bankrupt. PALATKA, Fls., July 17.-The First Na. tional bank, of Palatka, suspended today, owing to a heavy run. The liabilities are about $200,000. and the assets undoubtedly reach that figure, but they cannot be realized immediately. NEW YORK, July 17.-Judgments were entered today against J. B. Bonnell & Co., printing ink manufacturers, in favor of the Western National bank. Application has been made for a receiver. The liabilities will probably exceed $400,000. WILMINGTON, Del., July 17.-An execu tion was issued today for $100,000 against the Cobb Vulcanite Wire Company, of this city, by William Weightman, of Philadel phia.


Article from Los Angeles Herald, July 18, 1891

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A Florida Bank Fails. PALATKA, Fla., July 17.-The First national bank of Palatka suspended payment today, owing to a heavy run. Its liabilities are about $200,000 and the assets will undoubtedly reach that figure, but cannot be realized immediately.


Article from The Indianapolis Journal, July 18, 1891

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Other Business Troubles. Palatka, Fla., July 17.-The First National Bank of Palatka suspended to-day, owing to a heavy run made and its inability to make temporary loans in New York. Liabilities are about $200,000, and the assets will undoubtedly reach that figure, but cannot be realized on immediately at their full value. The capital stock of the bank is $150,000. WILMINGTON, Del.. July 17.-Execution was issued for $100,000, to-day. against the Cobb Vuleanite Wire Company, of thiscity, by William Weightman, of Philadelphia. The business of the compony was manufacturing telegraph cables for underground service. It has been operating an extensive plant on the Brandy wine for four years past.


Article from Morning Journal and Courier, July 18, 1891

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Another Bank in Trouble. PALATKA, Fla., July 17.-The First National bank of Palatka suspended payment to-day owing to a heavy run made upon it and its inability to make temporary loans in New York. This run was due to the recent failure of the Lake City bank, W. J. Winegar, president of the Palatka bank, having been involved to some extent in the Lake City failure. The liabilities are about $200,000 and the assets will undoubtedly reach that figure, but cannot be realized on immediately at their full value. The capital stock of the bank is $150,000.


Article from The Morning News, July 18, 1891

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A PALATKA BANK SUSPENDS. The Failure at Lake City Caused a Run That Failed to Stop. PALATKA, FLA., July 17.-The First National Bank of Palatka suspended payment to-day, owing to a heavy run made upon it and its inability to make temporary loansin New York. This run was due to the recent failure of the Lake City bank, W. J. Winegar, president of the Palatka bank, having been involved to some extent in the Lake City failure. This impaired confidence in the Palatka bank, and the run on it has been heavy for a week or ten days. The liabilities are about $200,000, and the assets will undoubtedly reach that figure, but cannot be realized on immediately at their full value. The capital stock of the bank is $150,000.


Article from The Sun, July 18, 1891

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A National Bank In Florida Suspended. PALATKA. Fla.. July 17.-The First National Bank of this city suspended payment to-day to a heavy run made upon it and its inability to obtain temporary loans in New York. The run was due to the recent failure of the Lake City bank, W. J. Winegar. President of the Palatka bank. having been involved to some extent in the Lake City failure. This impaired the confidence in the Palatka bank. Therunon it has been heavy for n week or ten days. The liabilities are about $200,000. The capital stock of the bank is $150,000.


Article from Fort Worth Gazette, July 19, 1891

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DRS. BETTS & BETTS 1005 Main Street, Opposite Postoffice DALLAS TEXAS Mention the Fort Worth Gazette. TELEGRAPHIC BREVITIES. The First National bank of Palatka, Fla., has suspended. Liabilities, $200,000; assets though to cover. The Pope was taken suddenly ill Tuesday. The Dominion fishing cruiser, Dream, seized seven American fishing boats Thursday in the harbor at East Port, Me. The boats were towed to St. Andrews, N. B. The occupants of the boats claim they were fishing in American waters, and ask protection of Uncle Sam. At Carlisle, III., a circus tent filled with people blew down yesterday and a stampede becurred. Several employes of the show were badly hurt, but no casualties occurred. The first of the rifled breech-loading morturs constructed at Providence stood the test successfully. The steamer Kehrweicher reports having passed in latitude forty-three north the sail boat Sea Serpent racing with the Mermaid from Boston to London. The New Orleans levee board built levees on land of a number of poor people in the Sixth district of the city and the owners demand compensation for the lands thus appropriated. The levee board through its attorney refuses payment, citing the law of the state. Suit will be entered against the board and the state by the owners of the land. Counsel for Mrs. Nancy W. Little has filed suit against the South Fork fishing and hunting club for $50,000 damages for the Heath of her husband, J. A. Little, a travelIng salesman, in the Johnstown disaster. Four young men who went out from Halifax, N. S., in a boat to go bathing, have not returned and are probably drowned. The last seen of them they were passing a bottle of whisky around. The Lone Pine group of mines in Beaverhead county, Montana, has been sold to an English yndicate for $725,000. At Dobbs Ferry, N. Y., a gung of halfstarved Italians who have not been paid for work, are hanging around the depot, and fears are entertained that they will commit violence, as they are on the verge of starvation and are desperate. An uneasy feeling prevails among the coal companies, and cutting rates is charged against the Lackawanna and others. The companies in the Anthracite trust association are suspicious of each other. Near Enterprise, Miss., W. Berry, a brakeman on the Mobile and Ohio railroad, ( was bridge. killed yesterday by his head striking a Mrs. James Caruso, the widow of one of the Italians who was killed in the New Orleans parish prison, who took laudanum with suicidal intent yesterday, is in a critical condition from pneumonia. The doctors I laudanum. succeeded in saving her from death by o I Thomas Becock, ex-speaker of the Coni federate congress, is critically ill at his I home at Appomattox, Va. a The allotment of lands to the Sac and Fox I Indians has been completed.


Article from Evening Star, July 20, 1891

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Adam Allison, a banker and grain buyer, at Belmont, Ont., has suddenly left town, owing, it is alleged, sums of money to various persons. The amounts aggregate $15,000 to $20,000. The whereabouts of Allison is unknown. Saturday morning at Comanche, Iowa, the rails spread on the Chicago and Northwestern track, ditching a working train. The engineer, Stulser, was killed, and his fireman badly injured. Both belong in Clinton. The First National Bank of Palatka, Fla. has suspended payment owing to a heavy run and its inability to obtain temporary loans in New York. The liabilities are about $200,000. The capital stock of the bank is $150,000.


Article from The Weekly Intelligencer, July 25, 1891

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THE SOUTH. THE express car of the Pacific Express Co., which left Texarkana, Ark., on the night of the 15th, was boarded as it was leaving the local yards and robbed, Messenger Ryan being held up at the point of a revolver. Only one man seems to have been engaged in the robbery. JUDGE JAMES A. WARDER, who shot and killed his son-in-law, S. M. Fugette, and dangerously wounded his daughter, Mrs. Fugette, while she was trying to save her husband, on January 18 last, shot himself dead early the other morning at the stone cottage on Lookout mountain, near Chattanooga, Tenn. ARSENIC in food caused the death of Bernard Cornelius and the probably fatal sickness of five others living near Russellville, Ky. No one was suspected. ROBERT WILLIAMS has been hanged at Pine Bluff, Ark. He murdered Albert Hayes near Varner November 23, 1890. FREE miners have driven away the convicts and their herders from the coal mines at Briceville, Tenn. GEN. B. E. KELLY, "the hero of Philippi," died at Oakland, Md., recently. He had been suffering for some time from the effects of an old bullet wound received at Philippi during the late war. He was 84 years of age. THE people of Knoxville, Tenn., have voted to issue $500,000 bonds for sewers and bridges. NEARLY the entire business portion of Glasgow, Ky., was destroyed by fire the other morning. Woods' saddlery shop, the newspaper office, Moores & Co.'s dry goods store, Jones' hall, the post office, the Gauley house and other houses and several residenees were burned. The loss will reach $150,000. THE First National bank of Palatka, Fla., has suspended. NAT K. JONES, son of United States Senator Jones, of Arkansas, was shot and perhaps fatally wounded at the senator's home at Washington, Ark., recently by a school teacher named J. F. Shepley. The two men had a dispute. FIVE men were drowned recently in the Tennessee river while seining near Murray, Ky.


Article from The Morning News, July 30, 1891

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FLORIDA. The troops broke camp at St. Augustine Tuesday and returned home. The confederate reunion at Dade City Saturday promises to be a big thing. A tax of $7,500 is to be levied in Citrus county for the purpose of erecting a jail and court house. E. F. Canova drew $40 from the bank at Jacksonville Saturday, and lost it in A few minutes on the streets. A number of carrier pigeons were released at Pensacola Monday to return to their home in Washington city. It is reported that the Rev. Mr. Lee of the Episcopal church of Palatka will shortly sever his connection with that parish. A large rattlesnake was killed in Mr. Bevill's house at Fort Pierce a few days ago. It measured over six feet, and had seven rattles and a button. The general merchandise store of William Allen at Sorrento has recently been made an alliance store. His trade has increased 50 per cent., and he is doing a good business. At a meeting of the stockholders of the First National Bank of Palatka, Monday. a proposition was made and sent on to the authoritiesin Washington by their examiner here. It is the opinion of many that the bank will resume business. Orlando Record: A Florida farmer who is an accomplished lady and whose husband is a prominent practicing physician in Jacksonville is Mrs. Matthews. She sings and plays, reads well, talks and dresses well and the potatoes she raises can't be beat-that is, if they are all like those she sent the editor of the Record. Her place near this city she calls Glen Ilda. Mr. McAlister of Palatka was severely cut with a razor by a negro in St. Augustine, Monday night. It seems that he engaged the negro to drive him to the encampment. The negro charged the oxoΓbitant price of $3. He refused to pay it, which brought on an altercation. Mr. McAllster was out under the left shoulder, the gash being about two inches deep and five inches long. A young white boy about 12 or 14 years of age, named Lowe, was carrying shingles up to where they were shingling the roof of the conveyer at the elevator in Fernandina Friday, and when about the low part of the roof, lost his footing and fell about thirty feet, and was caught by the chin on the conveyor chain. The blow made a gaping wound under the chin, aud brought his jaws together with such concussion as to split several of his teeth. Palatka Herald: The home of Peter Petermann, on the Heights, one mile west of town, contains five acres with a handsome residence, stables and outhouses. There is also an orange grove of four acres. From this grove there was shipped last year over 1,000 boxes of oranges, and this year the crop will be much larger. There has never been a year yet that there wasn't an offer of from $1 per box on the trees and upward. With proper attention a grove can be made remunerative in six years, a tiller of the soil can in the meantime make his living by cultivating between the rows. Gainesville Sun: Report was brought up from Micanopy Monday that Harmon Murray had been shot. It seems that McKinney, the man Murray shot at the other day, has been hunting for the negro ever since the day Murray shot at him. McKinney located his man Saturday night in a house on the outskirts of the town of Micanopy. Being alone, he was afraid to tackle the outlaw single-handed, as hemight get away again. So he blew his horn for two hours for help. The people in Micanopy heard the blowing, but did not know what it meant. Finally Murray came out of the house, about daylight, when McKinney at once fired upon him, and says he thinks he hit him. Murray, however, made good his escape. Noyes S. Collins, president of the Lake City Bank, recently suspended, has been arrested on two counts, the warrants being issued by Justice Frank D'Ferro on affidavits filed by James E. Young, the one charging him with the receiving of certain money and defaulting as to the same; the other with obtaining money under false pretenses. Both affect the county funds, and the latter involves W. J. Winegar of


Article from Evening Star, August 7, 1891

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A RECEIVER APPOINTED.-The controller of the currency today appointed Mr. Timothy B. Merrill receiver of the First National Bank of Palatka, Fla., now in charge of a national bank examiner. It is expected that Mr. Merrill will assume the duties of the receivership on or about the 15th instant.


Article from Asheville Daily Citizen, August 7, 1891

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Receiver Appointed. WASHINGTON, Aug. 7.-The comptroller of the currency today appointed Timothy B. Merritt, receiver of the first national bank of Palatka, Fla., now in charge of the national bank examiner. It is expected that Merritt will assume his duties of receivership on or about the 15th inst.


Article from Richmond Dispatch, August 8, 1891

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Receiver of Palatka's Broken Bank. (By telegraph to the Dispatch.] WASHINGTON, D. C., August 7.-The Comptroller of the Currency to-day appointed Timothy B. Merrill receiver of the First National Bank of Palatka. Fla., now in charge of a national-bank examiner. It is expected that Mr. Merrill will assume the duties of the receivership on or about the 15th instant.


Article from The Morning News, August 8, 1891

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Palatka's Bank Receiver. WASHINGTON, Aug. - -The controller of the currency to-day appointed Timothy B. Merrill receiver of the First National Bank of Palatka, Fla., now in charge of the national bank examiner. It is expected Mr. Merrill will assume the duties of the receivership on or about Aug. 15.


Article from The Roanoke Times, August 8, 1891

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A Bank Receiver Appointed. WASHINGTON, Aug.7.-[Special|-The comptroller of the currency to-day appointed Timothy B. Merrill receiver of the First National Bank, of Palatka, Florida, now in charge of the National Bank Examiner. It is expected that Merrill will assume the duties of the receivership on or about the 15th instant.


Article from The State Chronicle, August 8, 1891

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Two Washington Items, (By the United Press.) ASHINGTON, Aug. 7.-Capt. Healy, of the revenue cutter Bear, informs the Treasury Department unner date of Ounalaska, June 29th that he will leave for the Arctic ocean on June 30th. The comptroller of the currency has to-day appointed Mr. Timothy B. Merrill receiver of the First National Bank of Palatka, Fla., now in charge of a national bank examiner. It is expected that Mr. Merrill will assume the duties of the receivership on or about the 15th inst.


Article from The Morning News, August 25, 1891

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J. H. Humphries of Tampa. lately Braidentown. Fla bas been appointed b the leard of phosphate commissioner state inspector of phosphate Calvin Manning, a young man from tb northern part of Columbia county, B fev days ago, out & bes tree. from which he took sixty pounds of beautiful honey. There is an effort being made to organize 8 yaohting club in St. Augustine. Savera gentlemen met Saturday aight and It wa decided to call e meeting for to-morrov night. Col. R. B. Glann of Chipley has Onally succeeded ID organizing A company to build the long talked of railroad from Mont gomery to Lake St. Joseph via St. Ac drews bay The Alachma.county world's fair conven tion was held in Gainesville Saturday Forty delegates were elected to represen several districts of the county in the coming Orlando convention. The election to decide for or against . pecial tax for schools, and to elect trustee or the Sarasota school district resulted in 'For 8 Special Tax." and the elea of J. Hamilton Gillespie, F. R. Tucker John Helveston, as trustees. Halifax Journal: Above all things we B railroad from Daytona to the inte or to some point on the Gulf coast. A to DeLand or Orlando would answer bepurposes of local travel. but its continu across the state would be a great pub blessing. Columbia County Citizen: We saw E of tobacco taken at random from Prof. B. Moodie's erop. which is pronounced to the best Havana. An offer of $1 a hns been refused, 88 it is believed to worth $250. The professor will market 2,500 pounds. The doors of the First National Bank o Palatka were thrown open Saturday morn for the first time since the suspension The receiver has gone earnestly to work to adjust the affairs of the bank. and deposit will not have much longer to wait for tatements of their accounts. The citizens of Columbia county will in the court house at Lake City nex Saturday to appoint delegates to the Or lando convention. which is called for the purpose of devising ways and means fo having Florida represented in the great Co. lumbian exposition at Chicago. The board of state institutions has finished canvassing the bide for state printing. and awarded the contracts an follows The printing and binding of therevised statute to the Times-Union Printing Company of Jacksonville, the department printing to the Floridian Printing Company, and the legislative printing and supreme court re ports to John G. Collins of the Tallabassee Tallahasseean. Tampa News: A lot of negroes arrived here on Monday from some of the upper counties to work in the phosphate mines Peru, but in consequence of stories told them that the "crackers" on the Alafin would run them off or kill them every time got a chance, they refused to go further. Such stories of course are false, - labor will not be interfered with by people in that section, and persons who currency to it should be severely pun shed. Areadia Arcadian: A dispute arose be ween R. L. Holzendorf and a negro fish lealer, resulting in the vigorous appliance a stick on Holzendorf's head On Mon morning when the parties were ar aigned for trial there appeared about fifty egroes on the street, armed-not SO much the protection of their friends MM to ulidoze the citizens. There was a Win hester or good revolver for each negro, owever, and had they made a crooked there would be none of them now to how it all came about; for, besides a of armed citizens who had them comletely surrounded, we observed several looking weapons protruding through apper-story windows, and each had a dr. ermined countenance looking along the arrel. Monday 8 meeting of citizens was held at he court house at Arcadia, and resolutions astructing Justice Pooser to issue warrants the arrest of all negroes convicted of ambling in the mayor's court were adopted nanimously. Sheriff Dishong with two eputies went after the gamblers, forty in umber, but they had skipped to parts unnown. Ten were arrested Wednesday were bound over to await the action of next grand jury, while eight were sent Bartow jail for safe keeping. The sherif still out hunting the gamblers, and may in another bunch. A great deal o xcitement prevails, and, although the mat has passed off without bloodshed, it i eared matters will assume a different shap when the next crowd of armed negroes visi Arcadia. St. Augustine News: The pine known 8 be "Queen" or Indian river, was brough by D. A. McMilian in 1870 or '71 from Providence, R. I. The plants were give him by Mrs. Kate Chase Sprague laughter of Salmon P. Chase, Secretary o Treasury of the United States unde Ancoln's administration, she being the wif William Sprague, then governor o Rhode Island. They were the pines give her for her pinery at Providence by th Duchess of Devonshire, and were calle "Cleopatra," not "Queen," but as M. ( Burnham (from this it appears Mr. McMilla nust have given them to Mr. Burnbam Canavaral), knew little of the famous Quee Egypt, it was decided to call them b he more easily spoken Queen of Egyp hence our "Queen." Ordnance Sergeant M. H. Wilson, wt arrived in Key West a few days ago to re lieve Ordnance Sergeant Elijah Parker, the United States barracks. received a tel gram from St. Augustine Wednesday ever announcing the sudden death of Serg Parker at Fort Mariou barracks. Ordnand Sergeant Elijah Parker had been in con tinuous vice in the United States arm thirty-one years. and had, only & fe weeks previous to his untimely death, r ceived orders to proceed to Fort Mario near St. Augustine, to await retiremen and would have been placed on the retire in A few days. Sergt. Parker bad be quite III for several days before be left K West with a billons attack, but when left for Fort Marion he was feeling mue better. and bis physician. Dr. J. V Harr believed be was the road to aneed


Article from The Weekly Floridian, August 29, 1891

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will yet surpass other portions of the United States in grape growing. Immediately after:the grape harvest there-at the North -the foliage drops and the vines become dormant and remain so until the following spring. Here the fruit ripens early in July, sometimes in June, while the vines continue to grow until September. Thus they have the benefit of eight to twelve weeks reçuperation and growth after the fruit is harvested. This gives them a store of vitality to throw into the fruit crop of the following season, which will naturally have the effect of increasing the yield and hastening maturity. Orange county in the vicinity of Orlando is setting out the White Niagara forty acres at a time. Ocala Banner: For several days the air has been full ot rumors of the sale of the Peninsular phosphate mine at Anthony, and Tuesday evening all the papers were deposited in the bank for the receipt of the money. Dr. Twiller, general manager of the French company of phosphate, Paris, is the person who will make the purchase, and the price to be paid is $200,000, the amount at which it was capitalized. Those most largely interested in the property are Capt. Thayer, Judge McConathy, Mrs. Milton and Will Sparr and Samuel Anthony of Ocala, Capt. Harter of Sparr, and Mr. Swain of Anthony. The company has been in successful operation for some time, and several cargoes of phosphate have been shipped, for which good prices were realized, The number of acres of land in the tract are 970, of which 385 are at Sparr. There is an effort being made to organize a yachting club in St. Augustine. At Tampa engineers have been at work surveying a five acre plat in the garrison for the purpose of building a United States marine hospital on it. S Columbia County Citizen: We saw a leaf of tobacco taken at random from Prof. F. B. Moodie's crop, which is pronounced n equal to the best Havanna. An offer of $1 a pound has been relused, as it is believed to be worth $2.50. The professor will d market 2,500 pounds. d The doors of the First National Bank of Palatka were thrown open Saturday morning for the first time since the suspension. S The receiver has gone earnestly to work to n adjust the affairs of the bank, and depositors will not have much longer to wait for statements of their accounts. S


Article from Perrysburg Journal, January 9, 1892

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BUSINESS FAILURES. Jan. 13-E. H. Amidon, dry goods dealer, New York: $697,766. Jan. 16-Stoneboro savings bank and Sandy Lake savings bank, both of Pennsylvania. Jan. 19-American national bank, Kansas City. Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eider, all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Feb. 5-First Arkansas Valley bank, Wichits, Kan.; $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka, Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000. United States savings bank, Topeka, Kan., $330,000. Mar. 20-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank, New York Schall & Downer, bankers. York, Pa. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown, Pa; $1,000,000. May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey, shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry g oods, Atlanta, Ga.: $1,000,000. June 4-The City national bank at Marshall, Mich. June 5 - Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 10-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. July 7-Moses Bros., bankers, Montgomery, Ala; $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.; $200,000 Bonneil & Co., printer's ink manufacturers, New York, $100,000. July 21-Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.; $1,000,000. Aug. 19-Johnston, Tallman & Co., flreworks importers, New York city: $600,000. Sep. 23-S. V. White & Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers; $390.000. Oct. 1-First national bank at Clearfield Pa... Chrisman (111.) bank: $100,000. Oct. 3-Turner & Bro., Boston bankers; $300,000. Oct. 5-Ulster county savings' institution, Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-The Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn. $80,000. Nov. 2-Maverick national bank of Boston, suspended; liabilities, $10,000,000. Nov. 7-The Cochrane-Fulton Company, distillers, at Louisvil.e, Ky.; liabilities, $500,000 Bank of Fiorence, Aia.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.; $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin, Pa First national bank, Wilmington, N. C. Nov. 28-Field, Lindley, Wicchers & Co., bankers and brokers of New York, $1,000,000. Dec. 22-Private banks at Waynesboro, Warrentown and New Market, Va., closed their doors Thomas H. Allen & Co., cotton dealera, Memphis, Tenn.; $544,932. Dec. 23-Bank of Greenville, Greenville, Miss : $1,000,000.


Article from The Morning News, May 27, 1892

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The foundation for the 8-feet extension of St. Peter's church building at Fernandina is being laid. At St. Augustine ground is being prepared for building a residence for Henry M. Flagler on Valencia street. M. A. Peck of Moultrie reports the grapes doing well in spite of the drought, but states that the new fields are suffering for want of rain. Capt. J. A. Bryan, manager of the Alafia River Phosphate Company, has secured the contract for the dredging in the St. Johns river near Jacksonville at 15 cents per cubie yard. The topmast of the State of Texas was struck by lightning Sunday morning during a thunder storm, and while the steamer was northward of Frying Pan shoals. No damage beyond that of knocking out the mast. Receiver Merrill of thelate First National Bank of Palatka has issued to the stockholders a call for an assessment to the amount of the par value of the stock held by each. One hundred and fifty thousand dollars is the entire amount. The old Union hotel at Leesburg was completely destroyed by fire late Tuesday night. The fire was probably of incendiary origin, For a while it was thought that the Kentucky house, the Central hotel and the Commercial building would go too. East Bay has organized an improvement society and will build a larger and more commodions church and school house. The officers are William Lowery, president; Henry Colley, vice president; John L. Williams, secretary; J. H. Harvell, treasurer. E. N. Wilson, who has made the Cordova hotel at St. Augustine such a success, will not return next season, Mr. Wilson having become the proprietor of an all-the-year round hotel-one of the finest on Sherman avenue, New York city. It is not known who Mr. Wilson's successor is to be. The Spanish bark Sebastino was brought to the quarantine station at Fernandina by Pilot Captain James Bell Tuesday. As the vessel was from Cienfuegos, an infected port, and bound for Brunswick, she was not boarded by the health officer, but ordered to the latter port, and Capt. Bell to remain in quarantine for fifteen days, under penalty of arrest for violating the regulasions of the state board of health. The Apalachicola correspondent of the MORNING NEWS writes as follows: The democratic convention of this county to elect delegates to the state and congressional conventions met in Apalachicola Saturday night. Capt. S. H. Floyd was made permanent chairman and H. W. Johnson secretary. A spirited contest ensued over the election of delegates between the Call and the anti~Call factions, which were nearly equal in numerical strength. It was a victory for the antis, and the following are the delegates who go to both conventions: J. E. Grady, R. Knickesmyer, S. A. Floyd and James S. Fannin. This delegation favors the nomination of Dr. Crawford for governor. Beyond that it will divide between Brown and Mitchell. The delegation will support Mr. Mallory for renomination at the the Marianna convention. It is not expected that politics will run smoothly in Franklin this year. The Call contest made a breach in the party that will be difficult to close. Bickerings and threats are indulged in by both factions, and the outcome of the forthcoming senatorial nomination from the Fifth district will be interesting. A fight occurred Monday in the rear of H. Brash & Sons' store, in which knives played a dangerous part. The difficulty arose between Vanhorn, a workman, and Brash, a merchant, about a contract. Brash used a knife on Vanhorn without serious injury to the latter. It is quite cool here. Overcoats were brought to use Monday. Itisalmosta blizzard in the lap of summer.