2544. Bank of Rome (Rome, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1886*
Location
Rome, Georgia (34.257, -85.165)

Metadata

Model
gpt-5-mini
Short Digest
16f4080e898d953a

Response Measures

None

Description

The articles refer to the failed Bank of Rome (state depository when it failed). They discuss the final settlement of claims against the bank (1886) and relief for a surety on the bond of the old Bank of Rome (1889). There is no description of a depositor run in the excerpts; the bank appears to have failed and been settled/handled by receivers/through claims, so classification is suspension_closure (suspension/failure without reported run).

Events (2)
1. October 1, 1886* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed while serving as a state depository; state had sizable claims against the bank and final settlement was being reported, indicating insolvency/closure.
Newspaper Excerpt
In reporting the final settlement of the Bank of Rome case it was stated that the original amount due the State by the bank was $48,000... Attorney General Anderson states that the whole amount of the claim of the State against the Bank of Rome, including interest, was nearly $65,000
Source
newspapers
2. July 1, 1889* Other
Newspaper Excerpt
The House consumed considerable time in discussion of a bill for the relief of Samuel Morgan, one of the sureties on the bond of the old Bank of Rome, which was a state depository when it failed. The committee ... reported it back without action.
Source
newspapers

Newspaper Articles (2)
1. October 10, 1886 Savannah Morning News Savannah, GA
Article from Savannah Morning News, October 10, 1886

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Article Text

GEORGIA AND FLORIDA. NEWS OF THETWO STATES TOLD IN PARAGRAPHS. Burning of - Gin House in CalhounAn Ox with 8 Horn in the Middle of His Back-A Singular Phenomenon Near Cuthbert. GEORGIA. Col. James Madison Beall, of LaGrange. died a day or two ago. On account of a misdrawal of the jury there was no court in Clinch county this term. A lady living on Eugenia street, in Atlanta, recently found a silver quarter in a can of oysters. Green T. Dodd, a prominent wholesale grocer of Atlanta. says he will put $25.000 in the proposed new morning paper for Atlanta. At Atlanta Friday the jury in the case of Mollie Farmer, the Begro woman charged with infanticide, reported that it was unable to reach a verdict, A mistrial was entered and the discharged. The gin house on A. W. Turner's Furlough place. in Calhoun county. was destroyed by fire on Wednesday. Ten bales of cotton went with the building. The fire originated from sparks blown from where some negroes were washing clothes mear the gin house. In reporting the final settlement of the Bank of Rome case it was stated that tue original amount duethe State by the bank was $48,000. Attorney General Anderson states that the whole amount of the claim of the State against the Bank of Home. including interest, was nearly $65,000, instead of $43,000. Toursday William Martin, who lives mear James Station, in Jones county, attempted to draw & pistol from his pocket, when the hammer eaught in bis clothing and the weapon was discharged the ball entering his right arm near the wrist and ranging upwards toward the elbow, where it is still lodged. A. B. Belcher, of Decatur county, owns a ten-year-old OX having and wearing three fully developed borns- at their proper places and the third growing out of his shoulder, near the withers, and probably fourteen inches in length. Mr. Belcher has owned him all his life, and this third described horn made tsappearance several years ago. A. N. King. Deputy Clerk of Franklin county, says that A. M. Praddy, of Leadville, Col., has been to Carnesville, and had deeds to 110,000 acres of land lying in Franklin and Clarke counties, recorded. The deeds were made many years ago by a man named Whitehead. and from all appearances seemed to be genuine, Some of the land called for by the deeds lies near the paper mills in Clarke. It was believed at Cartersville Wednesday night thatCrawford had beaten Foute for the Legislature, as nearly complete returns put the former thirty-six votes shead. But the complete returns elect Foute by forty-one maj rity. Dr. Feiton ran about 200 votes ahead of these two, and Conyers about 100 behind them. Akin received a small vote. The total wote of the county was about 1,600. The sensation in Atlanta is the circulaLION of a small pamphlet entitled the "Truth." published by the "Dollar for Dollar" Association, or, in other words, by Mr. James Findley, a wealthy gentleman of Atlanta. It seems that by the John H. James bank mailure Mr. Findley lost $35,000 in casb, which ne had deposited in the bank at the time, and he is taking this method of getting revenge upon Mr. James. Jesse Hammond. a negro man. was tried at Atlanta Friday upon the chargeof hurglary. found guilty and sentenced to a term of five years in the penitentiary service of the State. The evidence of the prosecution was that Hammond entered thebouseof a Mrs. Burke, near the Atlanta and Charlotte Air Line shops, and stole a small toy sale, the property of Mrs. Burke's son. The safe contained about$: It was broken open by Hammond and the money stolen from it. Thursday night a week ago Sterling Jenkins of Buena Vista was awakened about 12 o'clock in the night by some alassware failing from a shelf in the house, and thinking there were burglars in the house be got up and made a search, but he observed notuing unusual except the broken glassware. The next day his ife discovered that the room in which the ware fell, and attached to the main building. was moved at least three-quar ters of an inch from the other portion ot the house, and the supposition is that it was caused by an earthquake shock, Bather a novel sight for Atlanta was seen on the streets Friday. It was a large covered wagon, puiled by two borses, the entire outfit decorated with flage and bunting. On the canvas covermg of the wagon was painted in large black letters: "Go to G. B. Stewart, Hill street, Griffin, for pure corn whisky, either at wholesale or retail." As the wagon paraded the streets it attracted considerable attention. As the quart license system 01 Atlanta is about to re. the from business, Mr. Stewart is working for the trade of this city, The wagon will parade the streets for several days, and, if possible, it will he made to attract more attention than it did 10-may. The gin house. contents and screw on D. C. N. Burkbalter's plantation a few miles from Americus was destroyed by fire on ednesday night last. Twelve or fourteen bales of cotton were burned with the gin house, on which there was no in. surance. The cotton was owned by D. N Burkhaiter and Illie Drane, who were running the place on shares, and will prove quite loss to these two gen lemen. as the cotton burned was of the improved Monroe" variety which commands nearly a cent a pound more in the market than the ordinary staple. The cause of the fire is supposed to have been incendiary, as the buildings were burned between 10 and 11 o'clock, and no work had been done there since dark. Cuthbert Enterprise: An unaccounta. ble phenomenon 18 reported to us as happening within a mile of Dawson. For several days a distinct rainfall has been noticed. covering a small space of ground in the front yard of a man's dwelling No clouds are discernible, and yet to stand in that place would teoroughly saturate a person's clothing in 8 short time. The ground is very wet. and the water drips constantly from the surrounding shrubbery. Many people have visited the place recently, and are mystined at the remarkable occurrence. On Sunday last Mr. "Sonk' Phelps was present. and saw rain falling distinctly. He says there was a clear sky, and elsewhere was as dry and dusty as a desert. Tom Greene, a white man, was made to face the court at Atlanta Friday upon

2. July 12, 1889 The Morning News Savannah, GA
Article from The Morning News, July 12, 1889

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Article Text

# A PLEA FOR EDUCATION. CHANCELLOR BOGGS GOES BEFORE THE LEGISLATURE Georgia's Treatment of Her University Said to be an Indication That She is Going Backward -- Comparisons Made With Some of the Leading Institutions in the Country. ATLANTA, GA., July 11. The event of the day in the legislature was the address of Chancellor Boggs, and but little business was transacted in either house. The Senate passed a bill amending the game laws of Richmond county, and the following bills were introduced: By Mr. Rice To provide for the payment of the wages of employes of corporations in the hands of receivers, giving them priority over all other claims. By Mr. Vick of the Seventh-To amend the constitution of the state, so as to provide for annual sessions of the legislature. By Mr. McCarthy-To incorporate the Farmers' Alliance Manufacturing and Merchandise Company of Jackson county. By Mr. Henderson-To incorporate the town of Lumber City. The House consumed considerable time in discussion of a bill for the relief of Samuel Morgan, one of the sureties on the bond of the old Bank of Rome, which was a state depository when it failed. The committee of the whole, which had the bill under consideration, reported it back without action. # SPEECH OF THE CHANCELLOR. At 11 o'clock, the hour for the joint session, the Senate entered the House chamber. Chancellor Boggs was introduced by President duBignon, and for two hours spoke in eloquent appeal for the university and higher education. He described the condition of the university, what the state is doing for it and compared it with the universities of other states. The university has had to cut down its expenses by abolishing two chairs. Georgia goes before the world with the bad policy and bad record of abolishing professional chairs in this age of the advance and widening out of all branches of knowledge. He paid a tribute to South Carolina. Her white people had planted themselves on the principle that this is a white man's country, and the white man shall control it. [Applause]. South Carolina has twenty-seven professors and eleven assistants and the university is the equal of Oxford, England, or any other on earth. Jefferson devoted twenty-eight years of his sinking age to lay the foundation of Virginia's university. He said he would be happy if he were assured that only three things were inscribed upon his tomb: Author of the declaration of American independence. Author of the bill for religious freedom. Founder of the University of Virginia. Cornell university, just twenty years old, has a corps of ninety professors. "We have to creep back into our shells." # GEORGIA GOING BACKWARD. Georgia, in an age of advancement, is going backward. Georgia is not giving to the university a single dollar. It gives her $8,000 in interest for the surrender of land worth $150,000, for which Georgia paid in bonds $100,000. The state, according to Gen. Thomas R. R. Cobb, got fully $150,000 for that land; so Georgia is not giving one nickel to the state university. South Carolina's university gets $37,000 from the state, $6,000 interest and $7,000 in matriculation fees. This does not include the land scrip fund and the Hatch fund. No institution in America is superior to the university at Columbia. # THE RACE PROBLEM. The chancellor devoted much time to the discussion of the race problem, which he thought a serious menace to the future of the south. He proposed that the problem could be-t be solved by the higher education of the whites, and by the state. He spoke of the education of the negro race. "We go beyond northern philanthropists. We have divided our appropriation for educational purposes half and half with the negroes. If they are not gratified they are the greatest ingrates on earth. The white race needs education. We need common school education, church education and university education, "We need them all. Inside of 100 years there will be 60,000,000 Americans between the Potomac and the Gulf. We need education to grasp this mighty race problem, There can't be peace. We have two great examples. The Anglo-Saxon had to sweep the last Celt into his grave. The other illustration is near us. The proud Spanish soldiery of the sixteenth century has sunk into the Mexican of to-day, because of the mingling of two races. He heard that the negroes who pass through the academies provided by northern philanthropists, and who apply for positions as teachers, are better prepared than the white applicants. We who pay taxes on $347,000,000 of property should see to it that our children are as well educated as the negro children of this state." The speaker dwelt at some length on the history of higher education in Virginia, and appealed to the legislature to do as much for Georgia as had been done in Virginia. At the conclusion, a joint resolution of thanks, offered by Mr. Patterson of Bibb, was adopted. # THE STATE ROAD LEASE. The Western and Atlantic railroad committee met this afternoon and adopted some additional amendments to the pending lease bill. The most important of these was to limit bids only to the United States, placing no other restrictions on bidders. They further propose to make a full schedule of the property, rolling stock, etc., estimated to belong to the state, at the expiration of the present lease. The members of the committee think that the minimum price will be fixed at $35,000 per month. The bill will be further considered to-morrow. # UNIFORM TEXT BOOKS. In the House committee on education this afternoon Mr. McCarty's uniform text book bill was considered. Speeches were made against the bill by Supt. Slaton of the Atlanta public schools and Prof. Zettier of Macon, who were of the committee appointed by the State Teachers' Association to oppose the bill. There are thirty-two members of the committee on education, and it is stated that only three or four are favorable to the bill. It appears to be practically killed. The Senate judiciary committee has agreed unanimously on a favorable report of Senator Bartlett's bill relative to the custody of United States prisoners by state sheriffs and jailers. Her Wedding Robe Her Shroud. CHATTAHOOCHEE, FLA., July 11. The young wife of E. W. Scarborough died this morning aft