Article Text
A Savings Company Assigns. NASHVILLE, Feb. 26.-The - Sheffield (Ala.) Savings and Trust Company bas assigned. The deposits are $20,000. The assets are said to be above the liabilities.
258. Sheffield Savings & Trust Company (Sheffield, AL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust company
- Start Date
- February 26, 1892
- Location
- Sheffield, Alabama (34.765, -87.699)
Metadata
- Model
- gpt-5-mini
- Short Digest
37c82ff8
Response Measures
None
Description
Newspapers (Feb 26/27, 1892) report the Sheffield (Ala.) Savings and Trust Company has assigned. This indicates a voluntary assignment/closing rather than a depositor run; deposits $20,000 and assets said to exceed liabilities. Classified as a suspension leading to permanent closure (assignment).
Events (1)
1.
February 26, 1892
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Company made an assignment (voluntary assignment of assets); reported deposits $20,000 and assets said to exceed liabilities.
- Newspaper Excerpt
- The Sheffield (Ala.) Savings and Trust Company has assigned. The deposits are $20,000. The assets are said to be above the liabilities.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Business Embarrassments. POTTSVILLE. Pa., Feb. 26.-There was a run on the Union National Bank, of Mahonev City, to-day, but the depositors found, after a comparatively small sum had been paid ont, that there was nothing in the report which bad been circulated to the effect that the bank had failed. Deposits were promptly handed over when demanded, and the officers of the bank declared they were prepared to meet all demands. No one knows how the rumor started. The Union National Bank has a paid-up capital of $100,000, with deposits amounting to more than double that figure. PITTSBURG. Feb. 26.-W. A. Lore, a citizen of Missouri, has filed a bill in equity in the United States Court asking for the appointment of a receiver of the Saltsburg Coal Company. The plaintiff is a stockholder and claims that the capital stock is $500,000. and that no dividends have been paid since 1887. He alleges fraud. CINCINNATI, Feb. 26.-A. Spiegler & Co., tanners, in the northwestern part of the city, assigned to-day to Otto Pfleger and Jacob Hurlscher. Assets and liabilities are about equal. and are estimated at $75,000. NEW YORK, Feb. 26.-Schedules in the assignment of Joseph W. Carroll, manufactnrer of advertising novelties, to Arthur Smith. state liabilities, $119,174; nominal assets, $32,848 and actual assets, $20,259. NASHVILLE, Tenn., Feb. 26.-The Sheffield (Ala.) Savings and Trust Company has assigned. The deposits are $20,000 and the assets are said to be above liabilities.