2633. Hobbs & Tucker (Albany, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
June 29, 1900
Location
Albany, Georgia (31.579, -84.156)

Metadata

Model
gpt-5-mini
Short Digest
1dbeac47

Response Measures

None

Description

Newspapers (June 29–July 4, 1900) report that a receiver (Merrell Callaway) was appointed for Hobbs & Tucker and that the banking business had been wound up by Richard Hobbs without books; no run is mentioned. Rule nisi issued for contempt for failure to turn over books. Classified as suspension_closure because the bank has been wound up/placed in receivership and effectively closed.

Events (2)

1. June 29, 1900 Other
Newspaper Excerpt
Mr. Hobbs was the successor of the banking firm of Hobbs & Tucker, and closed out the affairs, settling with some creditors upon compromises. Receiver Callaway was appointed upon the petition of foreign creditors, and demanded that Mr. Hobbs turn over all the records of his transactions while winding up the affairs of the bank, but he was informed that no such books were kept as those he demanded.
Source
newspapers
2. June 29, 1900 Receivership
Newspaper Excerpt
A rule nisi against Hobbs & Tucker of Albany was granted by Judge Speer in the United States Court ... requiring them ... to show why they should not be ruled for contempt of court in failing to turn over certain books and papers to Receiver Callaway, who made demand on them recently.
Source
newspapers

Newspaper Articles (2)

Article from The Savannah Morning News, June 30, 1900

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Article Text

RECEIVER WANTED BOOKS. Judge Speer Issued a Rule Nisi Against Hobbs and Tucker. Macon, Ga., June 29.-A rule nisi against Hobbs & Tucker of Albany was granted by Judge Speer in the United States Court to-day, requiring them on next Monday to show why they should not be ruled for contempt of court in failing to turn over certain books and papers to Receiver Callaway, who made demand on them recently. They told the receiver that the books he wanted were not in existence, and that the banking business had been wound up by Mr. Richard Hobbs without any books or accounts. The Congressional Convention will be held here to-morrow. C. L. Bartlett will be renominated and a new district executive committee will be named. Maj. Ezakiel Ezell of Byron, one of the best known school teachers in Georgia, died of heart failure this morning. He was 55 years old and leaves a large family. all of whom are grown. He had devoted his life to teaching. Jacob Hampton of Americus lost his suit against the city a couple of days ago, He asked for damages because he stepped into an area in Bird Cage Alley. He now moves for a new trial, alleging as one of the reasons that the city attorney offered in the hearing of the jury to pay the street car fare of the jurors between the Court House and the scene of the accident.


Article from The Dawson News, July 4, 1900

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Article Text

RULE NISI FOR CONTEMPT. United States Court Is After Hobbs & Tucker of Albany. From the Macon Telegraph. An officer was sent down to Albany yesterday to serve on Richard Hobbs and Anderson Tucker, composing the late firm of Hobbs & Tucker, a rule nisi requiring them to come into the United States court on Monday next and show why they should not be ruled for contempt of court for failing to turn over to Receiver Merrell Callaway a few days ago the books and papers he demanded when he went to take charge of their business affairs. Mr. Hobbs was the successor of the banking firm of Hobbs & Tucker, and closed out the affairs, settling with some creditors upon compromises. Receiver Callaway was appointed upon the petition of foreign creditors, and demanded that Mr. Hobbs turn over all the records of his transactions while winding up the affairs of the bank, but he was informed that no such books were kept as those he demanded. Receiver Callaway reported to the court that he could get no books that would enable him to ascertain the condition of the business and complainants' attorneys, Hall & Wimberly of Macon, thereupon asked the court to issue the rule nisi which was grantted yesterday. The proceeding, it is said, in no way affects the present mercantile business of Mr. Tucker, but involves a $150,000 business of the late firm of which he was a member. He had closed out his interest to Mr. Hobbs, who undertook to settle with the creditors and wind up the business.