Bank of Sheffield - Sheffield, AL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 9, 1891
Location: Sheffield, Alabama (34.765, -87.699)

Metadata

Model: gpt-5-mini
Short Digest: 3cbed361

Response Measures

None

Description

Article (Fort Worth Gazette, 1891-07-10) reports the Bank of Sheffield (Ala.) had suspended briefly in anticipation of a rush after the failure of Moses Bros., then 'resumed business this morning' (July 9). The suspension appears precautionary (to await currency) rather than triggered by an actual run; bank later reopened.

Events (2)

1. July 9, 1891 Reopening

Newspaper Excerpt: The bank of Sheffield, Ala., has made arrangements to meet all its obligations in cash, and resumed business this morning.
Source: newspapers

2. * Suspension

Cause: Local Shock
Cause Details: Suspended in anticipation of a depositor rush following the failure of Moses Bros.; closed to await currency shipments.
Newspaper Excerpt: The bank of Sheffield, Ala., has made arrangements to meet all its obligations in cash, and resumed business this morning. The bank only suspended in anticipation of a rush on account of Moses Bros. failure and closed to await currency which was shipped to the bank.
Source: newspapers

Newspaper Articles (1)

1. July 10, 1891 Fort Worth Gazette Fort Worth, TX

Article from Fort Worth Gazette, July 10, 1891

Click image to open full size in new tab

Article Text

The Sheffield Bank Resumes, NASHVILLE, TENN., July 9.-The bank of Sheffield, Ala., has made arrangements to meet all its obligations in cash, and resumed business this morning. The bank only suspended in anticipation of a rush on account of Moses Bros. failure and closed to await currency which was shipped to the bank. No well regulared household should be without Angostana Bitters, the celebrated appePtizen Manumacruredsby Dr. J.G. B. Siegert & Sells. DALLAS COUNTY SUITS.