2577. Bank of Tarpon Springs (Tarpon Springs, FL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 27, 1898
Location
Tarpon Springs, Florida (28.146, -82.757)

Metadata

Model
gpt-5-mini
Short Digest
8f269cc6

Response Measures

Full suspension

Other: Receivership petition filed in Superior Court; officers indicated bank probably will not reopen.

Description

Newspaper items (Jan 2–17, 1899) report a local run on the Bank of Tarpon Springs, followed by suspension of payment (noted as having suspended last Tuesday in the Jan. 2 piece) and later commentary (Jan. 17) that the bank will, in all probability, not again open for business. No reopening is reported and a permanent closure is implied.

Events (2)

1. December 27, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension of payments following the run and apparent insolvency/embarrassment; later reports say officers expect the bank will not reopen for business, indicating serious bank-specific problems rather than a mere rumor-driven stoppage.
Newspaper Excerpt
L. T. Stafford, cashier of the Bank of Tarpon Springs, has confirmed the report that his bank suspended payment last Tuesday.
Source
newspapers
2. January 3, 1899 Run
Cause
Bank Specific Adverse Info
Cause Details
Local depositor withdrawals/run on the bank; articles imply bank-specific distress leading to loss of confidence and heavy withdrawals.
Newspaper Excerpt
The results of the local run on the Bank of Tarpon Springs cannot yet be announced.
Source
newspapers

Newspaper Articles (3)

Article from The Morning News, January 2, 1899

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Article Text

FLORIDA. J. B. Stewart, who has been a resident of Jacksonville for the last four years, has mysteriously disappeared. L. T. Stafford, cashier of the Bank of Tarpon Springs, has confirmed the report that his bank suspended payment :ast Tuesday. At Ormond they are preparing ground for an immense golf link and every tramp that goes that way is put to work on the ground at $1 per day. The divorce business seems to be on a genuine boom in Alachua county. Several cases have been disposed of recently, and Friday Judge Mason filed papers in three more cases. Miami is soon to have a telephone system. At the last meeting of the town council a permit was granted to J. R. Dewey and others for the construction and maintaining of the system in the city. One hundred dollars reward has been offered for information leading to the arrest and conviction of one Charles H. Forsbrey, wanted at St. Augustine for grand larceny committed on or about Aug. 12, at Sansara Hall, New Augustine. Thursday night 150 Cubans, in a solid body, bought tickets at the Plant System passenger station, on Polk street, Tampa, for Havana. These are the remaining members of the reconcentrados that have been there so long. They left on the Plant steamer. A special term of Circuit Court will convene at Starke Jan. 9 for the purpose of trying the Hewitt brothers, who are accused of the murder of their brother-inlaw in the northern part of Bradford county last summer. The case has attracted much interest throughout the state. Brookville News-Register: A big, hearty, one-legged tramp struck town last week with a pitiful story of an explosion at a phosphate mine. He raked in a lot of change from the charitable people and left Wednesday. He is a fraud of the purest water, the only genuine thing about him IS the one leg. The cold has damaged tomatoes and beans badly around Fort Ogden. No dam. age has been done to oranges or to the trees. Grapefruit have lowered in price, but are now selling for $4 a crate on the trees. Some growers are refusing $5 a crate for grapefruit and $2 a crate for oranges on the trees. The grand jury at Tampa, now in se3sion, returned indictments against Felix Eaves and Robert Meredith. charging them with the murder of William Macleod. Macleod was a banker from St. Petersburg, who was in Tampa one night last May, and the next morning he was found dead on the Plant System Railroad. in front of the brewery. It was plainly evident that his death had resulted from gunshot wounds,


Article from The Morning News, January 3, 1899

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Article Text

FLORIDA. It has been decided by Mayor Bowyer of Tampa to pave the streets of that city with the labor of city prisoners. If the project is successful it will be a great saving to property owners. Lulu Watson, a negro woman, committed suicide at Marianna, on Thursday afternoon by jumping in a well. She had planned the deed for several days. A week before she had lost an infant child. The results of the local run on the Bank of Tarpon Springs cannot yet be announced. Persons in a position to speak authoritatively are confident of a satisfactory and speedy adjustment of the difficulty. Reuta Right shot and instantly killed Hickory Sneed Thursday at the Dunnellon Phosphate Company's quarters at Donnellon. The shooting grew out of a quarrel over cards. Wright escaped. Both are colored. Gainesville Sun: The traveling public is again abusing the railroads of Florida,


Article from The Morning News, January 17, 1899

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Article Text

AND EORGIA FLORIDA. GEORGIA. Stewart was elected president, and Mrs. H. B. Austin re-elected secretary. b Jones, a colored man, was killed his brother-in-law, named Sanders, on Brooksville News-Register: Mr. J. W. Dickson place in Hancock county, on Smith has just returned from a visit to rsday. Savannah and Charleston, where he has commissioner, of Agriculture Stevens been in the interest of rice growing, and reports very satisfactory results. A party es the farmers this piece of good adof Savannah rice men, headed by Mr. : "Never go to town with an empty John Screven, Jr., will be here some time zon. but always carry something to next week to look over the ground. if only a load of wood." Kissimmee correspondence Times-Union amilla Clarion: A severe wind and and Citizen: Kissimmee is bounded on the storm passed over the southern and north and south by golf sticks, on the ern part of Mitchell county Friday afeast by golfers, and on the west by many oon of last week. A good deal of timunreclaimed golf barls that lie serenely was blown down and considerable damon the sweet-scented beds under cypress done 10 fencing. trees in whose swaying tops carol the he Bank of Ocala began operations dearest song birds the Northerner has heard for many months. rsday with ample capital to loan on roved paper. At a meeting of the stockDr. W. A. Rowland of Orlando received ders Mr. Ben Drew was made president on Sunday from Georgia 250 head of sheep. Mr. H. Powell vice president; Mr. The flock, as it was driven through the mas B. Pucket, cashier. His bond was streets to the place southeast of town, ed at $75,000. where they have been placed to range, athe state conclaves of the Knights of tracted lots of attention, as it is unusual hias and Odd Fellows will both be held in this section of the country to see large flocks of sheep, sheep raising never navRome in May, and between 1,500 and ing been carried on to any extent there. visitors are expected there. The local et orders have already begun preCane grinding is in progress at Everations to make the meeting here memglades. The crop is an average one, and ble occasions from a social standpoint. tasseled later than last year. The sugar he mystery surrounding the murder of cane grows to perfection there, and tasnegro woman, Julla Grant, near Amerisels every year. Several fields of cane on Friday, has not been cleared up planted from ten to twelve years ago are still producing werl, and have had no work the arrest of the murderer, whose idenis as yet unknown. The negro who put on them since the first year's plantt and instantly killed a companion in ing. Some cane fields were planted sevrailroad cut near College street Thursenteen years ago, and all the owners do is I in Americus, is also at large, though to cut and grind the cane once a year. officers feel confident of catching him The Bank of Tarpon Springs, which susrtly. pended payment three weeks ago, will, in barta Ishmaelite: Linton has lost two all probability, not again open for busiIS prominent citizens this week, in the ness. This conclusion is said to have been sons of Elam Sanford and John Traarrived at by its officers. Depositors have k. The former, who was more than as yet received no encouragement in the rscore and ten years old, died of old form of reimbursement, but when apThe latter, who was 60 odd years proached on the subject the bank people age, died of dropsy. Both of them were assure them that no depositor will lose a eemed highly in this county. They were cent. In some, if not all cases, interest horable men and good citizens. Rest is promised those whose money is tied up. m in peace. another bill for a receiver for the SouthThe community of Palsley was shocked Wednesday to learn of the death of JoshFire Insurance Company was filed in ua T. Crow. Mr. Crow, J.C. Hethcox and Superior Court in Atlanta Saturday. 1 Judge Lumpkin set Jan. 21 as the time Charlie Murphy were at a hogpen trying the hearing. This is the second time to catch a hog, when Mr. Hethcox caught a hog, and as Mr. Crow didn't offer to help ceiver has been asked for the company. hold it, they looked up and saw him the former bill the receiver was not apdropped over the fence and his head down. nted, the case having been taken to the Mr. Hethcox at once l'et the hog go and ited States Court, where bankruptcy ceedings were instituted. went to his assistance, but before they could get any aid he was dead. The deceasasper County News: Several cases of ed leaves a wife and four children. all-pox have been reported in the counLake City Reporter: Dr. J. Louis Horsey, -a few near Oxford's mill and others assistant state health officer, came to Lake r Hillsboro. The disease, however, is City last Monday and was engaged for two a very mild type, and our worthy nty Commissioners are using every or three days fumigating and disinfecting caution in way of having pest houses the houses in Pepper Town that had been infected with small-pox, and all of the cted and other necessary arrangements, that really there is little cause for negroes who had been confined in the derm. tention camp, also the nurse and two of the negroes who had been confined in the 7. T. Lewis, a white man, did the Robpest house with small-pox, leaving only S act and was consequently bound over two cases, both of which are about well Columbus on the charge of bigamy. and can be disinfected in a few days. cently Lewis married Miss Belle Gill. Thursday morning fire broke out in the furday Mrs. Annie Lewis, who says that business portion of Brooksville, and as is his first wife, swore out a warrant the stores were all on one street, the fire inst him charging him with bigamy. was tried before Justice Pargett and made a clean sweep, and every store, with S bound over. Both of the women live the exception of two or three little ones, Columbus. in the whole town were entirely destroyed. Much of the goods were carried out and 'he chief of police of Atlanta has taken saved. There was almost no insurance ps to see that the city ordinances regas the rate was so high, and the loss is ting the liquor traffic are rigidly ena most severe one on the good people of been to chief that pretty town. The loss is put at ced. it It of has reported the $45,000. some the saloons are not carrying the provisions