2566. Central Rail Road & Banking Company of Georgia (Savannah, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 15, 1898
Location
Savannah, Georgia (32.084, -81.100)

Metadata

Model
gpt-5-mini
Short Digest
bddde49e2ec8faec

Response Measures

None

Description

Articles describe the company in receivership, sale of properties by special masters (article dated 1898-03-15) and continuing receivership proceedings/claims administration in mid-1899. No article describes a depositor run or a reopening; the institution is under receivership and assets are being distributed, consistent with a suspension/closure and receivership.

Events (2)
1. March 15, 1898 Receivership
Newspaper Excerpt
The report of Special Master George W. Owens... sold the Central Railroad and Banking Company properties at public outcry... Judge Pardee's order approved the report of the master commissioners... turned over to the Central of Georgia Railway Company.
Source
newspapers
2. June 19, 1899 Other
Newspaper Excerpt
Notice is hereby given to all persons having claims against the Central Railroad and Banking Company of Georgia or the receivers thereof... I will begin the taking of final proofs... and will proceed to settle my final report as master, determining and adjudicating for that purpose the standing, validity and priority of all claims presented, the assets for distribution...
Source
newspapers

Newspaper Articles (5)
1. March 15, 1898 The Morning News Savannah, GA
Article from The Morning News, March 15, 1898

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Article Text

trai Railroad and Banking Company of Georgia is somewhat of an unknown quantity. Now, when almost everybody is trying to forget that there ever was such a litigation and receivership, some new order appears in court, or there is some argument over an intervention, and the old subject is again brought before the public mind. Two orders signed by Judge Don A. Pardee of this circuit and the petition upon which they are based were filed with the clerk of the United States court here yesterday. The first of these matters was the report of Special Master George W. Owens, who, with Special Master A. E. Buck, sold the Central Railroad and Banking Company properties at public outery. The report was filed by Special Master Owens alone, Col. Buck being out of the country as minister to Japan. The report stated that of the $2,000,000 bid $50,000 had been paid over to the special master, in addition to which there had been turned over to the $8,000,000 consolidated mortgage bonds of the Central Railroad and Banking Com. pany with accrued coupons amounting to $1,250,000. As there was $1,950,000 left of the $2,000,000 bid, this left a credit of $243.75 for. each $1,000 bond. Judge Pardee's order ap proved the report of the master commiseloners, and directed that Mr. Owens enter a credit or dividend of $243.75 upon each of the bonds with coupons attached, after which they are to be turned over to the Central of Georgia Railway Company. Another petition was from the Central Trust Company of New York, répresenting the consolidated mortgage of the Central Railroad and Banking Company, under

2. May 31, 1899 The Morning News Savannah, GA
Article from The Morning News, May 31, 1899

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Article Text

LEGAL NOTICES. CIRCUIT COURT OF THE UNITED STATES for the Eastern Division of the Southern District of Georgia. The Central Railroad and Banking Company of Georgia vs, the Farmers' Loan and Trust Company of New York, et al. The Farmers' Loan and Trust Company of New York vs. the Central Railroad and Banking Company of Georgia, et al. In equity, consolidated causes. Office of Master in Chancery, Savannah, Ga., June 1, 1899. Notice is hereby given to all persons having claims against the Central Railroad and Banking Company of Georgia or the receivers thereof which are entitled to participate in the distribution of assets coming in under the above stated causes, that on Monday, June 19, 1899, at 11 a. m., at my office, No. 4 Bryan street, east, in Savannah, Ga., I will begin the taking of final proofs in all matters referred to me and now undisposed of, and will proceed from day to day until all Interventions and claims have been heard and determined. Immediately thereafter, and without further notice, I will proceed to settle my final report as master, determining and adjudicating for that purpose the standing, validity and priority of all claims presented, the assets for distribution, and the amount, if any, to which each claimant shall be entitled. All persons claiming the right to participate will take due notice. GEORGE W. OWENS, Master in Chancery.

3. June 1, 1899 The Morning News Savannah, GA
Article from The Morning News, June 1, 1899

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Article Text

LEGAL NOTICES. CIRCUIT COURT OF THE UNITED STATES for the Eastern Division of the Southern District of Georgia. The Central Railroad and Banking Company of Georgia vs. the Farmers' Loan and Trust Company of New York, et al. The Farmers' Loan and Trust Company of New York vs. the Central Railroad and Banking Company of Georgia, et al. In equity, consolidated causes. Office of Master in Chancery, Savannah, Ga., June 1, 1899. Notice is hereby given to all persons having claims against the Central Railroad and Banking Company of Georgia or the receivers thereof which are entitled to participate in the distribution of assets coming in under the above stated causes, that on Monday, June 19, 1899, at 11 a. m., at my office, No. 4 Bryan street, east, in Savannah, Ga., I will begin the taking of final proofs in all matters referred to me and now undisposed of, and will proceed from day to day until all interventions and claims have been heard and determined. Immediately thereafter, and without further notice, I will proceed to settle my final report as master, determining and adjudicating for that purpose the standing, validity and priority of all claims presented, the assets for distribution, and the amount, If any, to which each claimant shall be entitled. All persons claiming the right to participate will take due notice. GEORGE W. OWENS, Master in Chancery.

4. June 8, 1899 The Morning News Savannah, GA
Article from The Morning News, June 8, 1899

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Article Text

LEGAL NOTICES. CIRCUIT COURT OF THE UNITED STATES for the Eastern Division of the Southern District of Georgia. The Central Railroad and Banking Company of Georgia vs. the Farmers' Loan and Trust Company of New York, et al. The Farmers' Loan and Trust Company of New York vs. the Central Railroad and Banking Company of Georgia, et al. In equity, consolidated causes. Office of Master in Chancery, Savannah, Ga., June 1, 1899. Notice is hereby given to all persons having claims against the Central Railroad and Banking Company of Georgia or the receivers thereof which are entitled to participate in the distribution of assets coming in under the above stated causes, that on Monday, June 19, 1899, at 11 a. m., at my office, No. 4 Bryan street, east, in Savannah, Ga., I. will begin the taking of final proofs in all matters referred to me and now undisposed of, and will proceed from day to day until all interventions and claims have been heard and determined. Immediately thereafter, and without further notice, I will proceed to settle my final report as master, determining and adjudicating for that purpose the standing, validity and priority of all claims presented, the assets for distribution, and the amount, If any, to which each claimant shall be entitled. All persons claiming the right to participate will take due notice. GEORGE W. OWENS, Master in Chancery.

5. June 15, 1899 The Morning News Savannah, GA
Article from The Morning News, June 15, 1899

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Article Text

LEGAL NOTICES. CIRCUIT COURT OF THE UNITED STATES for the Eastern Division of the Southern District of Georgia. The Central Railroad and Banking Company of Georgia vs. the Farmers' Loan and Trust Company of New York, et al. The Farmers' Loan and Trust Company of New York vs. the Central Railroad and Banking Company of Georgia, et al. In equity, consolidated causes. Office of Master in Chancery, Savannah, Ga., June 1, 1899. Notice is hereby given to all persons having claims against the Central Railroad and Banking Company of Georgia or the receivers thereof which are entitled to participate in the distribution of assets coming in under the above stated causes, that on Monday, June 19, 1899, at 11 a. m., at my office, No. 4 Bryan street, east, in Savannah, Ga., I will begin the taking of final proofs in all matters referred to me and now undisposed of, and will proceed from day to day until all interventions and claims have been heard and determined. Immediately thereafter, and without further notice, I will proceed to settle my final report as master, determining and adjudicating for that purpose the standing, validity and priority of all claims presented, the assets for distribution, and the amount, if any, to which each claimant shall be entitled. All persons claiming the right to participate will take due notice. GEORGE W. OWENS, Master in Chancery.